Tag "Babatunde Fashola"

    Nigeria risks another $2.3bn fine in France — after P&ID’s $9.6bn

Nigeria risks another $2.3bn fine in France — after P&ID’s $9.6bn

As the country continues to battle with the $9.6 billion award in favour of P&ID, another possible $2.3 billion fine in arbitration is hanging over the country in France as a result of controversies surrounding the Mambilla power project in Taraba state.  In August, a British commercial court had granted P&ID powers to seize Nigerian assets worth $9.6 billion over a failed [...]

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    Tinubu, Fashola join Sanwo-Olu at retreat for Lagos cabinet members

Tinubu, Fashola join Sanwo-Olu at retreat for Lagos cabinet members

Bola Tinubu, national leader of the All Progressives Congress (APC), Babatunde Fashola, minister of works and housing, attended the retreat for cabinet members of Babajide Sanwo-Olu, governor of Lagos state, on Friday. The duo, who are former governors of the state, delivered speeches at the programme. In his remarks, Tinubu said the incumbent governor needs to work hard to achieve the agenda [...]

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    PHOTOS: The ministers who went to their offices after inauguration

PHOTOS: The ministers who went to their offices after inauguration

Some ministers visited their respective offices shortly after their portfolios were assigned to them on Wednesday. Among these minsters are Babatunde Fashola, minister of works and housing; Rauf Aregbesola, minister of interior and Olamilekun Adegbite, minister of mines and steel development. Others include Sharon Ikeazor, minister of environment; Godswill Akpabio, minister of Niger Delta and Muhammad Bello minister of federal capital territory (FCT). They [...]

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    Buhari removes power from Fashola’s brief

Buhari removes power from Fashola’s brief

Babatunde Fashola will no longer be the minister of power. Fashola, who is the former governor of Lagos state, was previously the minister of power, works and housing. Announcing the ministerial portfolio on Wednesday at the swearing-in ceremony for ministers-designate, President Muhammadu Buhari announced that Saleh Mamman will now be the minister of power. Babatunde Fashola was announced as the minister of works [...]

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    EXTRA: Fashola having grey hair because he handled three ministries, says Okorocha

EXTRA: Fashola having grey hair because he handled three ministries, says Okorocha

Rochas Okorocha, senator representing Imo west, says Babatunde Fashola started having grey hairs when he began to handle three large ministries. Fashola, the immediate past minister of power, works and housing, was among the returning ministers nominated by President Muhammadu Buhari for his second tenure. Speaking on Monday during the screening of ministerial nominees at the senate, Okorocha said the three ministries [...]

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    Court to FG: Publish names of non-performing power contractors since 1999

Court to FG: Publish names of non-performing power contractors since 1999

A federal high court in Lagos has asked the federal government to publish the details of contractors who failed to execute power projects after receiving payment. Kolawole Oluwadare, deputy director of Socio-Economic Rights and Accountability Project (SERAP), said Chuka Obiozor, a judge at the court, made the order on Friday He said the judge ordered the full details of the contractors who [...]

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    FG official arrested for ‘forging Fashola’s signature’

FG official arrested for ‘forging Fashola’s signature’

Maikudi Haruna, a senior official of the ministry of power, works and housing, has been arrested for allegedly forging the signature of a former minister. In a statement by Sunday James, spokesperson of the Nigerian Immigration Service (NIS), Haruna was accused of forging the signature of the minister in charge of his ministry to help one Abubakar Mustapha, his client, obtain [...]

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    Fashola: I doubt if any nation is doing what Buhari’s govt has done

Fashola: I doubt if any nation is doing what Buhari’s govt has done

Babatunde Fashola, former minister of power, works and housing, has commended President Muhammadu Buhari's administration for the "strides recorded so far". According to Channels Television the former minister described the achievement of this government as one of a kind, saying perhaps only a few or no other government has recorded such feat. Fashola was quoted as saying instead of engaging in one activity [...]

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    FG fulfils pledge of house to Westerhof – 25 years after Nations Cup triumph

FG fulfils pledge of house to Westerhof – 25 years after Nations Cup triumph

The federal government has presented documents of the apartment promised to Clemens Westerhof, former Super Eagles’ chief coach, 25 years after he led his team to continental glory. Babatunde Fashola, the minister of power, works and housing, who made the presentation on behalf of government, said it was regrettable that a promise took so long to redeem. “It is unfortunate that this [...]

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    Zimbabwe’s president fires minister over power outage for 8 hrs per day

Zimbabwe’s president fires minister over power outage for 8 hrs per day

President Emmerson Mnangagwa of Zimbabwe has fired Joram Gumbo (pictured), his minister of energy and power development, over "poor electricity supply" across the country. According to BBC, Zimbabwe is experiencing the worst electricity blackouts since 2016. This is coming after the minister had licenced over 30 companies to provide solar power to the country and concluded plans to travel to Mozambique, a [...]

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    Fashola: NERC can revoke licences of non-performing DisCos

Fashola: NERC can revoke licences of non-performing DisCos

Babatunde Fashola, minister of power, works and housing, says the Nigerian Electricity Regulatory Commission (NERC) has the power to revoke licences of non-performing electricity distribution companies (DisCos). Speaking on Thursday at the 2019 Punuka annual lecture in Abuja, Fashola maintained that the regulatory body, not the minister, could either cancel or amend the licences of the DisCos upon consumers complaints. The minister [...]

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    Blackouts as national power grid collapses twice within 24 hours

Blackouts as national power grid collapses twice within 24 hours

The national power grid has collapsed twice within the last 24 hours causing blackouts in most states across the country. A daily report from the Transmission Company of Nigeria (TCN) confirmed a system collapse on Wednesday which reduced load allocations to the distribution companies. The collapse came after the grid recorded 4,212 megawatts on Wednesday morning. Bode Fadipe, spokesperson of the Abuja Electricity [...]

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    New meter roll-out scheme suffers delay

New meter roll-out scheme suffers delay

Logistics challenges which electricity distribution companies (DisCos) are battling with have affected the commencement of the new meter roll-out under the meter asset providers (MAPs) regulation. The Nigerian Electricity Regulatory Commission (NERC) had issued permits to approved meter service providers to roll out of new meters by May 1. On March 8, 2018, NERC introduced the MAP regulation to new investors in [...]

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    SERAP: Fashola has named corrupt contractors

SERAP: Fashola has named corrupt contractors

The Socio-Economic Rights and Accountability Project (SERAP) says Babatunde Fashola, minister of power, works and housing, has named contractors who failed to execute power projects after receiving payment. In a statement on Sunday, Kolawole Oluwadare, deputy director of SERAP, said the minister forwarded the list to the organisation. Oluwadare said SERAP has been invited to inspect a compendium of verified and paid/outstanding [...]

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    ANALYSIS: Why Nigeria will remain in darkness a little longer

ANALYSIS: Why Nigeria will remain in darkness a little longer

The unbundling of the Power Holding Company of Nigeria (PHCN) on November 1, 2013, was like a breath of fresh air for the Nigerian power sector that had undergone decades of protracted crisis. The privatisation of the sector was greeted with so much enthusiasm and loads of expectations. Finally, the years of blackouts would soon be over, many had thought. The [...]

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    Sam Amadi: DisCos trying to cheat… estimated billing might not end soon

Sam Amadi: DisCos trying to cheat… estimated billing might not end soon

Sam Amadi, former chairman of the Nigerian Electricity Regulatory Commission (NERC), says estimated billing might not end soon because of electricity distribution companies (DisCos) are trying to cheat. While answering questions on the meter asset providers (MAPs) regulation initiated by the commission at a programme on Arise Television, Amadi said the scheme is not a good policy compared to the previous [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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