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Federal Govt announces plans to spend $2.3b on 7,000Mw power generation

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The Minister of State for Power, Mr Goddy Agba has revealed that  the Federal Government plans to spend about $2.3 billion in the first phase of the Presidential Power Initiative (PPI) project, aimed at increasing the nation’s power transmission capacity to 7,000megawatts (Mw).

 

According to Agba, the objective was to increase the transmission capacity from the current level of just over 5,000Mw to 7,000Mw thereby drawing the country closer to it’s electricity-reliance goal.

“The PPI is structured into various three phases, aimed at increasing power delivered to Nigerians to 7GW in first phase, 11GW in the second phase and 25GW in third phase.” Agba said during the Nigerian Energy Forum (NEF 2020) Webinar in Lagos, tagged: Energy Solution for Sustainable Recovery.

ALSO READ:  Send old generation out of power- Ex-president Olusegun Obasanjo tells African youths

“The project is to be executed at the cost of $2.3billion  forms the phase 1 of the  PPI and is funded by a loan from a consortium of German Banks for 85 per cent of the contract sum; while 15 per cent counterpart funding is provided by the federal government.

“A Special Purpose Vehicle (SPV) called FGN Powerco is in the process of being set-up following Mr President’s approval. The SPV will warehouse the project’s contingent liability for accountability.

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“We have also constituted the Nigerian Project Management Office (PMO) with the sole responsibility of providing project management of the project on behalf of the government,” he said.

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Agba also announced that the government will implement the Transmission Enhancement Programme with key development partners to improve the sector.

“The World Bank, African Development Bank (AfDB), JICA have raised $1.6 billion for Transmission Rehabilitation and Expansion Programme (TREP), which is ongoing now with major projects as follows:

“The Alaoji-Onitsha, Delta Power Station-Benin and Kaduna-Kano at $410 million and $29 million is intended to build a 330kV Double Circuit 62KM line between Birnin Kebbi and Kamba.

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“The Lagos/Ogun Transmission Infrastructure Project (JICA) with $200 million, Abuja Transmission Ring Scheme (AFD)-$170 million and Northern Corridor Transmission Project (AFD & EU) with $274million,” he said.

 

Also speaking, the Chief Executive Officer (CEO) Nigerian Electricity Regulatory Commission (NERC), Dr John Momoh, said the new tariff put in place would address the challenge from stakeholders in power sector. He also said meters would be provided for enumerated customers in a year or two.

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Update: Abductors of catholic priest demand ‘N100m ransom’

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The Kidnappers of Reverend father Matthew Dajo of the St Anthony Catholic Church in Yangoji village, Kwali Area Council in Abuja suburb, are reportedly demanding for N100 million ransom before the victim will be set free.

 

The Catholic priest was abducted on Sunday, November 22 around 9:47:pm. It was gathered that the gunmen stormed the catholic priest’s residence with sophisticated weapons and then whisked him away.

ALSO READ:  It’s high time Africans realized that they are not black – Pastor Chris Oyakhilome

 

A member of his church told Daily Trust that contact was established with the kidnappers on Saturday, and they have demanded N100 million as ransom.

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“And you know since he was abducted, his abductors did not call until on Saturday and they are demanding for N100 million, but I don’t know at what figure has the man who is negotiating with them has been able to arrive at,” he said.

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The insider said members of the church are facing a major problem on how to raise the large sum as it’s against the rules of the church to pay for ransom. He also stated the church is solely depending on the family members and relatives of the victim to source for ransom.

ALSO READ:  Send old generation out of power- Ex-president Olusegun Obasanjo tells African youths

 

“And the other thing we are more worried about is that when a reverend father is abducted, it is against the rules of the church to pay for ransom, except the family members, friends or relatives of the victim can take such responsibility,” he said.

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Zahra Buhari reacts to the murder of rice farmers in Zabarmari

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Zahra Buhari-Indimi has reacted to the murder of 110 rice farmers in Zabarmari village in Borno state.

ALSO READ:  It’s high time Africans realized that they are not black – Pastor Chris Oyakhilome

 

The daughter of the president of Nigeria shared a newspaper shot of the Zabarmari massacre and wrote: “My heart bleeds”.

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Zahra Buhari reacts to the murder of rice farmers in Zabarmari

 

Her reaction comes two days after Boko Haram terrorists attacked rice farmers in their farms and slaughtered them. The death toll was initially at 43 but has now been updated to 110.

ALSO READ:  Nigeria’s land borders to be reopened soon- Finance Minister, Ahmed Zainab hints

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Disappointed customer shows dress she ordered and what her tailor made

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A customer who asked a tailor to make her a dress was left disappointed at what was delivered.

 

The woman shared a photo of the dress she ordered and what was delivered.

 

She explained that a friend introduced her to the tailor who then sent her 5 dresses to choose from. She chose one and the tailor charged her 70,000 Naira.

ALSO READ:  Two former Green Berets behind failed coup attempt against Venezuelan President Nicolas Maduro, sentenced to 20 years in prison

 

She haggled down to 65,000 Naira and made payment for the dress.

 

However, the dress was not ready on time for her birthday.  When it finally came, it was nothing like what she ordered.

ALSO READ:  Fuel price increase: 'Nigeria’s revenue dropped by 65%' - Finance minister

 

The Twitter user was told that she probably ordered an inferior material but she explained that the tailor handled everything, including sourcing the material for the dress.

 

She went on to share videos to show how the finishing was.

 

She added that she asked the tailor to keep 25,000 Naira and make a refund of 40,000 and she’ll return the dress, but the tailor refused.

ALSO READ:  ''Shameless vultures'' Dele Momodu blasts members of the Buhari Media Organization for describing him as Diezani's lackey

 

Below are tweets shared by the disappointed customer alongside videos of the dress delivered.

 

Disappointed customer shows dress she ordered and what her tailor madeDisappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

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Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

Disappointed customer shows dress she ordered and what her tailor made

 

 

 

 

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