Saturday, August 19, 2017

Tag "Babatunde Fashola"

    At 6800MW, power generation now beyond Discos’ capacity, says Fashola

At 6800MW, power generation now beyond Discos’ capacity, says Fashola

Babatunde Fashola, minster of works, power and housing, says the power being generated is higher than the carrying capacity of electricity distribution companies.Speaking at the 18th monthly power sector stakeholders meeting hosted by Kano electricity distribution company on Monday, Fashola described the situation as a serious challenge to efforts made by the government."It is a serious problem that the distribution [...]

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    Fashola: Metering customers NOT a monopoly of DisCos

Fashola: Metering customers NOT a monopoly of DisCos

Babatunde Fashola, minister of power, says supply of meters to electricity consumers in the country is not exclusive to distribution companies (DisCos).He said as it is an “open but regulated” business.Fashola said this on Monday at the 18th monthly power sector and stakeholders’ meeting in Kumboso, Kano state.He was, however, quick to add that for anybody to be involved in [...]

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    Fashola should ‘stop flying and start using roads’

Fashola should ‘stop flying and start using roads’

Emmanuel Bello, a former commissioner of information in Taraba state, says the minister in charge of roads should stop flying and start using roads to know how bad they are.It is the ministry of power, works and housing, which Babatunde Fashola, presides over, that is in charge of roads.Speaking with journalists on Monday, Bello said the elitist class do not feel [...]

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    Fashola honours reps’ invitation, tenders apology

Fashola honours reps’ invitation, tenders apology

Babatunde Fashola, minister of power, works and housing, has apologised to lawmakers in the national assembly for comments he made on the 2017 budget.The minister had said some provisions in the budget were "unconstitutional."This led to an exchange between him and lawmakers, and he was eventually summoned by the lower legislative chamber.Speaking when he appeared before an ad hoc committee [...]

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    Fashola asks Nigerians to accept the reality of tariff review

Fashola asks Nigerians to accept the reality of tariff review

Babatunde Fashola, minister of power, works and housing, says Nigerians must accept the reality that electricity tariff might be increased for the country to enjoy reliable power.In an interview with THISDAY, the minister urged Nigerians to ask that meters be supplied instead of getting court injunctions against tariff review."If we want to experience reliable electricity, we must accept the reality [...]

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    Saraki, Fashola, Amaechi ‘earning N40bn double pay, life pensions’

Saraki, Fashola, Amaechi ‘earning N40bn double pay, life pensions’

The Socio-Economic Rights and Accountability Project (SERAP) has asked Abubakar Malami, attorney-general of the federation, to take legal action against former governors, who are now either senators or ministers so as to recover an alleged N40bn earned in double payment.SERAP alleged that Bukola Saraki, senate president, Rabiu Kwankwaso, Godswill Akpabio, Theodore Orji, Abdullahi Adamu, Sam Egwu, Shaaba Lafiagi, are among [...]

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    Sam Amadi: I — not Jonathan — reversed electricity tariff

Sam Amadi: I — not Jonathan — reversed electricity tariff

Sam Amadi, former chairman of the Nigerian Electricity Regulatory Commission (NERC), says ex-President Goodluck Jonathan did not order the reversal of electricity tariff in 2014. In the build-up to the 2015 general election, the commission announced an increase in electricity tariff, but it later suspended the action.Speaking at a public lecture in Lagos on Thursday, Babatunde Fashola, minister of power, works [...]

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    Jonathan ordered reversal of electricity tariff to win election, says Fashola

Jonathan ordered reversal of electricity tariff to win election, says Fashola

Babatunde Fashola, minister of power, works and housing, says the Goodluck Jonathan-led government reversed electricity tariff "to win electoral votes".He said the privatisation of the country's power sector was delivered with "some deception".Fashola said this on Thursday while speaking at a public lecture organised by the department of economics, University of Lagos.He said after the privatisation process was concluded, the [...]

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    Fashola soft pedals, says federal lawmakers are my friends

Fashola soft pedals, says federal lawmakers are my friends

Babatunde Fashola, minister of power, works and housing, says he cannot fight members of the national assembly because they are his personal friends.Speaking with statehouse correspondents on Tuesday, Fashola the executive and legislature mean well for the country.He said his disagreement with the parliament was about how best to implement the government's economic recovery and growth plan (EGRP)."It is perhaps [...]

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    You need behavioural guidance on parliament, Fashola replies Goje

You need behavioural guidance on parliament, Fashola replies Goje

Babatunde Fashola, minister of power, works and housing, says Danjuma Goje, senator representing Gombe central, needs "behavioural prescription about legislative function".Fashola said this in response to Goje's comment that he should resign if the work is too much.Goje made the statement while reacting to Fashola's criticism of the national assembly over the insertion of some projects into the 2017 budget.In a [...]

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    Goje to Fashola: Quit if the job is too much for you

Goje to Fashola: Quit if the job is too much for you

Danjuma Goje, senator representing Gombe central, has advised Babatunde Fashola, minister of power, works and housing, to "quit honourably" if the work is too much for him.Goje said this at plenary while drawing the attention of his colleagues to some critical statements Fashola made about the 2017 budget.Fashola had said the national assembly inserted some projects outside the purview of his [...]

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    Reps summon Fashola over ‘breach of parliamentary privilege’

Reps summon Fashola over ‘breach of parliamentary privilege’

The house of representatives has summoned Babatunde Fashola, minister of power, works and housing, over an alleged breach of parliamentary privilege and public incitement.The resolution of the house followed a motion sponsored by Sadiq Ibrahim, a lawmaker from Adamawa state.While moving the motion, Ibrahim said that the minister allegedly inserted state government projects into his ministry's budget.Fashola had said some [...]

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    Reps spokesman accuses Fashola of spreading half-truth

Reps spokesman accuses Fashola of spreading half-truth

Abulrazak Namdas, spokesperson of the house of representatives, says the national assembly intervened in the 2017 budget proposal sent by the executive to carry every region along.Babatunde Fashola, minister of works, power and housing, had in an interview with TheCable, said some provisions of the budget violated the constitution.Responding, the senate and house of representatives accused the minister of spreading [...]

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    Court never said you had power to increase budget, Falana tells lawmakers

Court never said you had power to increase budget, Falana tells lawmakers

Femi Falana, human rights lawyer, says a federal high court never ruled that the national assembly had power to increase estimates of the appropriation act.He was reacting to a claim by the house of representatives that “the federal high court has ruled that the national assembly has the power to increase or review upward the budget estimates laid before it [...]

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    Fashola: Nigeria in trouble if lawmakers don’t understand difference between cash and budget

Fashola: Nigeria in trouble if lawmakers don’t understand difference between cash and budget

Babatunde Fashola, minister of power, works and housing, says Nigeria is in big trouble if lawmakers do not understand the difference between cash and budgets.He expressed deep concern over the recourse of the national assembly’s spokespersons to name calling over his observations on the 2017 budget. In a press release signed by Hakeem Bello, his special adviser on media, the minister [...]

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    Reps: Executive budgeted N12bn for 2nd Niger bridge in 2016 but a kobo wasn’t spent on it

Reps: Executive budgeted N12bn for 2nd Niger bridge in 2016 but a kobo wasn’t spent on it

The house of representatives says the executive budgeted N12 billion for the 2nd Niger bridge project in 2016, but that a kobo was not spent on it.The house described as blackmail the statement of Babatunde Fashola, minister of works, power and housing, that the national assembly “imported” projects into the 2017 budget.The senate had earlier flayed the minister for his statement, [...]

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Exchange Rates

Aug 18, 2017USDGBPEUR
INTERBANK338.00435.64396.98
LAGOS368478432
KANO369477430
PH370477433
ABUJA370477432
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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