Friday, November 16, 2018

Tag "Fashola"

    NERC warns ANED to steer clear of electricity matters

NERC warns ANED to steer clear of electricity matters

The Nigerian Electricity Regulatory Commission (NERC) has warned the Association Of Nigerian Electricity Distributors (ANED) to steer clear of policy directives in the power sector.The commission made the directive during a meeting with representatives of electricity distribution companies (DisCos) in Abuja.ANED is the umbrella body of the DisCos.At the meeting, ANED representatives were warned against commenting on any pronouncement made by [...]

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    Fashola: FG’s N701bn fund raised power generation by 3,000MW

Fashola: FG’s N701bn fund raised power generation by 3,000MW

Babatunde Fashola, minister of power, works and housing, says the N701bn payment assurance guarantee fund for electricity generation companies (GenCos) has raised power generation capacity to 7,000 megawatts (MW).The minister disclosed this on Monday at the 29th monthly power sector meeting hosted by Mainstream Energy Solutions Limited (MESL) in Minna, Niger state.Fashola said the payment which started in 2017 had [...]

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    Okonjo-Iweala knocks ‘mischief makers’, denies deriding Amaechi, Fashola

Okonjo-Iweala knocks ‘mischief makers’, denies deriding Amaechi, Fashola

Ngozi Okonjo-Iweala, former minister of finance, says it is untrue that she mocked Rotimi Amaechi, minister of transportation, and Babatunde Fashola, his power, works and housing counterpart.Okonjo-Iweala was alleged to have referred to Amaechi and Fashola as “scavengers turned saints”.She was said to have made the statement in ‘Fighting Corruption is Dangerous’, her recently-released book on her role in the Goodluck [...]

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    Adeosun, Emefiele and my experience in Trump’s America

Adeosun, Emefiele and my experience in Trump’s America

After Donald Trump became the president of the world's most powerful nation in January 2017, he gave executive orders to deny entry for citizens and visitors from some Islamic nations. This executive order also saw to the deportation of many Mexicans who came into the US questionably -- with no form fair hearing.For Nigeria, the news space was filled with [...]

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    Fayose to Fashola: Because of you, I’ll tone down my criticism of Buhari

Fayose to Fashola: Because of you, I’ll tone down my criticism of Buhari

Ayodele Fayose, governor of Ekiti state, has promised to tone down his criticism of President Muhammadu Buhari "due to the intervention" of Babatunde Fashola.Fashola, who is the minister of power, works and housing, visited Ekiti on Thursday to inspect some projects.Promising to exercise patience with Buhari's government, Fayose said he does not expect all developmental projects in Ekiti to be fixed [...]

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    Fashola tells south-south governors to ‘step up’

Fashola tells south-south governors to ‘step up’

Babatunde Fashola, the minister of power, works and housing, has called on governors of south-south states to "step up" and collaborate with the federal government to develop the region.The minister made the call during a visit to Yenegoa, the Bayelsa state capital, on Saturday.He promised that conscious efforts would be made to change the story of the Niger Delta region.Fashola, [...]

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    Fashola on alternative airport: It’s easier to connect Kaduna from Abuja by road

Fashola on alternative airport: It’s easier to connect Kaduna from Abuja by road

Babatunde Fashola, minister of power, works and housing, says the decision of the federal executive council to favour Kaduna airport over Minna airport is due to the ease or otherwise of connecting roads.Fashola explained that given the current conditions of both roads, the Kaduna-Abuja highway currently lends itself more to the kind of emergency intervention to restore it to motorability [...]

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    Fashola: Oil prices drove Nigeria’s growth under Jonathan – NOT his policies

Fashola: Oil prices drove Nigeria’s growth under Jonathan – NOT his policies

Babatunde Fashola, minister of power, works and housing, says the past government led by Goodluck Jonathan cannot say it is responsible for Nigeria's growth over the past decade.Fashola said the growth over the past decade was driven by high oil prices, not any economic policy implemented by the Jonathan administration.The former governor said even Donald Trump who just won the [...]

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    Adesina, el-Rufai, Fashola to speak at EU-Nigeria diversification business forum

Adesina, el-Rufai, Fashola to speak at EU-Nigeria diversification business forum

Akinwumi Adesina, president of the African Development Bank; Akinwunmi Ambode, Lagos state governor and his counterpart from Kaduna, Nasir el-Rufai, are to speak at the fifth EU-Nigeria business forum.The forum, which is set for November 10 to November 11, also features Okechukwu Enelamah, minister of industry, trade and investment; Babatunde Fashola, minister of power, works, and housing; Udoma Udo Udoma, minister of [...]

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    Fashola: FG patronises foreigners because Nigerian firms lack capacity

Fashola: FG patronises foreigners because Nigerian firms lack capacity

Babatunde Fashola, minister of power, works and housing, has blamed Nigerian engineers for creating the vacuum that makes the federal government patronise foreign contractors.Fashola said this when a delegation of the Nigerian Society of Engineers (NSE) led by its president, Otis Anyaeji, paid him a courtesy visit.He said the failure of Nigerian engineering firms to bid for government projects was responsible for the patronage of foreign contractors.“If [...]

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    FG approves fresh N700m to complete 6 federal secretariats

FG approves fresh N700m to complete 6 federal secretariats

The Federal Executive Council (FEC) on Wednesday approved fresh N700 million for the completion of the ongoing construction of federal secretariats in six states.Since 2012, he  construction of the federal secretariats in Anambra, Bayelsa, Zamfara, Nassarawa, Gombe and Osun had been stalled.Babatunde Fashola, minister of power, works and housing, who spoke to the press alongside Lai Mohammed, minister of information and [...]

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    Ijora-Apapa bridge shut down INDEFINITELY for repairs

Ijora-Apapa bridge shut down INDEFINITELY for repairs

Ijora-Apapa bridge has been shut down indefinitely to allow for detailed work on a part that is collapsing and to "save lives".Babatunde Fashola, minister of power, works and housing, said this on Sunday at a consultative meeting at Apapa Area "B" police command.He said since repair of the bridge was not captured in the 2016 budget, most of the work [...]

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    We won’t reverse hike in electricity tariff, says FG

We won’t reverse hike in electricity tariff, says FG

The federal government says there is no going back on the 45 per cent increase in electricity tariff, revealing that a reversal will cost over N575 billion. Babatunde Fashola, minister of power, works and housing, made the statement on Tuesday when he appeared before the senate committees on labour and power. The minister said the new tariff could not be reversed because [...]

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    To Fashola – ‘Buhari’s Foreign Trips: My takeaway’

To Fashola – ‘Buhari’s Foreign Trips: My takeaway’

BY TIMI OLAGUNJU[...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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