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.
“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.
“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.
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.
“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.
Family of slain Abuja newspaper vendor demands N500m compensation from Gbajabiamila
The family of late Ifeanyi Okereke, the newspaper vendor who was killed by a stray bullet fired by a security detail attached to Speaker of the House of Assembly, Femi Gbajabiamila, are demanding N500 million compensation from the speaker.
DSS Officer, Abdullahi Hassan, attached to the speaker, fired a gunshot to disperse newspaper vendors who gathered around the speaker last Thursday, November 19, with one bullet hitting Ifeanyi who died instantly.
In a letter written by their lawyer, Mike Ozekhome (SAN) and dated today November 24, the family of late Ifeanyi asked Gbajabiamila to ensure that Hassan is fully prosecuted. Ozekhome was given the mandate to write the letter by the father of the deceased, Okorie Okereke; and the younger brother to the deceased, Destiny Okereke.
The letter read in part
“Our clients have instructed us to make from your good self, the following modest demands: That you use your good offices to ensure the immediate prosecution of your security aide (Abdullahi Hassan), who went on a frolic of his own, clearly acted outside the purview of his duty and responsibility by shooting to death an innocent, harmless and armless citizen.
That you adequately compensate the Okereke family with a modest sum of N500m only. This monetary demand can never adequately replace or take the place of their son, husband, brother, and breadwinner’s life. But it will at least mitigate the obvious trauma and hardship the premature demise of their irreplaceable breadwinner has placed on them.”
The Okereke family gave the Speaker a seven-day ultimatum to meet their demands otherwise they would take legal action against him
“Take note therefore that it is our clients’ firm instruction that in the event that you fail, refuse and/or neglect to accede to or proffer reasonable compensatory terms to our above modest demands within seven days from the date of this letter, we shall without any further correspondences from us, take appropriate legal steps to enforce our clients’ constitutional rights” the letter stated.
Nobody can dictate and threaten us over 2023 presidential ticket – APC
The All Progressives Congress (APC) has stated that it will not allow anyone blackmail or threaten the party over where it should zone its 2023 presidential ticket to.
The ruling party which reacted to statements by some southern leaders; Chief Ayo Adebanjo, Mbazulike Amaechi and Idongesit Ikanga, adviced Southern leaders to lean to lobbying as there is no need to overheat the polity with the ticket for 2023.
APC Deputy National Publicity Secretary, Nabena Yekini said in the statement;
“They don’t have any right to tell people what to do. It is not by force, threat or intimidation but by negotiation. If they feel strongly about the ticket, they should form their own political party and give their ticket to whichever zone they want to produce the president in 2023.
“It is called politics because you cannot impose anybody on any person. It is a game of numbers. The Southeast must lobby and tell other regions what they have for them. By the way, it is even too early to talk about zoning in 2023. Instead of heating up the polity, they should resort to alliance, lobbying and consultations.”
I have never contemplated leaving the PDP let alone joining the APC – Governor Bala Mohammed
Governor Bala Mohammed has ruled out plan of dumping the Peoples Democratic Party (PDP) for the All Progressive Congress (APC).
A statement released by the governor’s media aide Mukhtar Gidado, debunked report of the Bala being among the three opposition governors negotiating to join the ruling party.
The statement read;
“We wish to state that the story is disingenuous speculation driven by a clear marketing urge, to feed the appetites of readers whose hunger for salacious political news has been fuelled by the movement of the Ebonyi State Governor, His Excellency, Engr. Dave Umahi, to the APC and the spate of political alignments and realignments, in the country.
“We wish to state that His Excellency, Senator Bala Mohammed, has never contemplated leaving the PDP, let alone joining the APC.
“Rather, he is presently preoccupied with fulfilling those campaign promises, on the basis of which the good people of Bauchi State supported him to defeat an incumbent administration.”
Admitting that the Legislature and the Executive in Bauchi is controlled by different political parties, Bala averred that they have constructed a novel bipartisan arrangement whereby the government of the state was jointly run, in the war against hunger and other challenges in the state.
The statement added;
“To any patriotic politician, a huge challenge of this nature calls for full-time engagement and not political fortune-hunting.
Based on the above, Governor Bala Mohammed considers talks about decamping to another party and all the permutations about 2023, in the first place, as unwholesome distractions.”
Bala described the claims of planned defection as premature and the height of insensitivity to the yearnings of the electorate for transformational change that would improve their living.
He called on his supporters, members of the PDP, as well as residents of Bauchi to ignore the report and further reassured them of his administration’s resolve to ensure the good life for all residents irrespective of their party affiliation, gender, tribe, or creed.