FEATURES
Air travellers to some of the selected routes in the country are groaning over the skyrocketing airfares among the indigenous airline operators.
Checks by Nairametrics revealed that airfares in some of the monopolised routes have increased to over N2500,000 one-way in economy class seats, while return tickets now sell for about N500,000.
Unlike in the past where air tickets only go high from the Lagos route to other parts of the south, checks revealed that passengers from Abuja to the same routes may pay higher.
Travels in southern parts hit the roof
Travellers to South East and South-South parts of the country now pay more than air travellers on the northern routes like Abuja, Kano and Kaduna among others.
However, some of the stakeholders attributed the high airfares in the southern routes to the festive season, while others warned that the airlines may eventually price themselves out of the market with the high airfares.
There are fears that the high airfares may deprive some of the travellers to the Southern routes of the opportunity for the yuletide season.
For instance, checks on Air Peace from Lagos to Enugu for Tuesday, December 26, indicate a minimum of N203,000 one way and N233,000 for the same flight in the afternoon.
Also, for Owerri on Dana Air, the airfares oscillate between N200,000 to N250,000 for one-way tickets.
On Ibom Air for a flight to Uyo from December 22 to 23, air tickets are sold between N203,000 and N253,000 for one-way.
For passengers on United Nigeria Airlines for December 21 to 23, one-way tickets go for N220,000 and N300,000.
The recent skyrocketing airfares on domestic routes by indigenous airlines is exploitative and may work against the operating carriers, aviation experts have said.
Exploitative airfares
The Chief Executive Officer (CEO) of Aero Contractors, Capt. Ado Sanusi, said that the airfares were exploitative.
According to him, some airfares in select routes are exploitative, mentioning the South East and South South routes as some of the routes the airlines are exploiting the travelling public.
He proposed increased capacity and canvassed for additional airlines to join the existing operators.
We observed that the new regulation by the Nigeria Civil Aviation Authority (NCAA), which limited start-up airlines to a minimum of six aircraft may further compound the present challenge and allow for more explorations by the existing carriers as the yuletide draws nearer.
- He said: “I believe that there are some exploitative prices. I believe so, especially on the monopoly routes. The eastern routes are somehow monopolised and come with exploitative prices.
- “It’s the capacity. If we have more airlines coming into the country and the NCAA allows more airlines to fly, then it will bring the price down. The more airlines we have flying, the more competitive it becomes and the more the prices will go down, but since we make regulations that are so hostile to start-up airlines, then, the prices will always go up.”
He also mentioned unstable foreign exchange challenges, the high price of aviation fuel and others as some of the factors responsible for the high airfares, but warned against the airlines pricing themselves out of the market.
One Somtochukwu Franklin (male), 26, has been arrested in Enugu for allegedly faking and using someone’s Facebook account to defraud unsuspecting members of the public.
It was gathered that the suspect claimed to be a popular social media influencer, one Emmanuel Okoh (male), popularly known as Okwuluora.
He was arrested by police operatives serving at the New Haven Police Division of the state police command on December 3, 2023 at about 12.30pm, the state Police Public Relations Officer, DSP Daniel Ndukwe, said on Thursday.
According to him, “A preliminary investigation revealed that the suspect confessed to the act of the crime. He created the fake ‘Okwuluora’ Facebook account in January 2023 and has since been using it to solicit funds from his over thirty-three thousand followers.
“The suspect further stated that he usually waits for the actual ‘Okwuluora’ to make a post, soliciting support for persons in situations requiring financial assistance. Upon sighting such posts, he immediately copies and posts them on the fake Facebook account and changes the beneficiary’s account details to his, thereby fraudulently obtaining funds from unsuspecting donors.”
The suspect, the PPRO, said, confessed to have received funds running into tens of thousands of naira from donors through the fraudulent means.
Meanwhile, the state Commissioner of Police, CP Kanayo Uzuegbu, has ordered the State Criminal Intelligence and Investigation Department to conduct thorough investigations and timely prosecute the suspect.
The CP, enjoined victims of the fraudulent act to report to the State CID and volunteer their statements, while also calling on the citizenry to be wary of social media impostors and their fraudulent activities, especially this yuletide.
The Labour Party in Lagos State on Wednesday said that Nigerians wake up daily to alleged theft of the country’s resources by President Bola Tinubu-led All Progressives Congress (APC) government.
According to the party, the Emilokan (It is my turn) catch phrase of Tinubu during the presidential campaign has now become Awalokan (it is our turn) to “steal the resources of the country.”
The state’s party publicity secretary, Olubunmi Odesanya, stated this in a statement.
Odesanya averred that while many Nigerians can no longer afford the basic necessities of life, those at the helm of affairs are living large.
The LP state publicity secretary said that Tinubu is on a jamboree with his mantra of ‘Renewed Hope’, adding that Nigerians are in for a rough ride.
“Nigerians now wake up daily to the pilferage of the country’s resources by the present APC government. It has become obvious that the Emilokan (It is my turn) has now become Awalokan (It is our turn) not only to rule but to steal,” she said.
Odesanya lamented that while the government is spending huge resources of the country sponsoring delegates to COP28, Nigerians are being terrorized by insecurity and a bad economy.
“Nigerians watch helplessly how basic things have become out of the reach of the common man while the men at the helm of affairs live in affluence. Houses of the Politicians are being renovated with humongous sums of money, offices of the first lady (unconstitutional office) get billions for cars, government officials go abroad to, lavishly, spend huge resources of the country at events they ought not even attend while the common men are being bombed by the Nigerian authority, hunted by hunger, killed by terrorists, kidnapped by bandits and demobilised by lack of purchasing power.
“The All Progressives Congress (APC) Party has decided to punish Nigerians knowing fully well that majority of the electorates did not vote for them.
“We all recall that this same Party came with the change mantra and changed everything positive in the country to negative. Their most touted anti-corruption Czar became corruption personified and Never knew anything that took place under his nose (regime). The new Czar is now on a jamboree with his ‘Renewed Hopelessness’
“Someone should, please, point out any promise made and kept by these monsters in power. We are in for a rough ride,” she added.
Nigerian singer, Teniola Apata, popularly known as Teni, has spoken about her childhood in a polygamous family.
She expressed gratitude for the safety, care, and love she experienced despite her father having three wives and ten children.
In an interview on the ‘Zero Conditions’ podcast, Teni made emphasis on the harmonious relationship among her ten siblings.
She lauded her late father’s wisdom for the peaceful coexistence of the family.
“I grew up in a polygamous family with many people, so you can’t come and do rubbish. I received excellent care, a lot of love and protection. Three wives, ten children. Huge respect for my bloodline. All of my siblings and I get along well, though there are levels of closeness.
“I don’t know any other way, it is boring. If I come back to this life again, I want to come back to the same family. How can I be in a house with one mother, and one father? Ah ah, then all of us will now be sitting down there. Ah ah. There’s no chaos.
“There is love in my home, but we change it oh! Cuz ah, the person wey born us dey craze sha. Do you know what it is to hear gunshots and go to where the gunshots are? That’s not normal,” Teni said.
She added, “It was like he planned his future, and then he planned his death. So before he died, his wives knew about everything. He taught them everything one of my mothers knows how to shoot.
“He taught them how to be and when he passed, they used the skill. That’s how our family was still able to be intact even after my dad passed.”
Says Bini Kingdom Didn’t Conquer Lagos Like Colonial Masters
Former Deputy National Chairman of the People’s Democratic Party (PDP), Chief Bode George, has said that disheartening, disgraceful and unpatriotic that at a time like this when Lagosians and Nigerians are going through economic hardship, some elders are infatuated with ownership of Lagos.
Bode George in a statement said all the combatants and gladiators should know that all efforts, at this trying time, should be geared at ensuring good governance, how to tackle economic issues and take people out of poverty.
He said it is shameful that at a time when millions of Nigerians are going through anguish and extreme pain, some elders are flexing their muscles on proprietorship of the Centre of Excellence.
Bode George said: “As a bonafide Lagosian, I say without any sense of equivocation that Lagos has been, and would remain, a centre of commerce, which has allowed everybody to settle down here.
“It is not in our tradition to discriminate. People have settled down from all over Nigeria and the entire West African coast from time immemorial – a culture which has remained with Lagos and the city of Kano, the only two cities known for commerce in Nigeria.
“People are presently angered, thus the rhetoric about who truly owns Lagos has gained momentum but we know ourselves. No matter how twisted the narrative Nigerians know the truth.
“Indeed, the Bini were here at the earliest time, but it was temporary. It was not that they conquered Lagos like the colonial imperialists, as it is being bandied about.
“Inter-marriage had also overshadowed a lot of things. For instance, the only sister of my paternal father married a Benin man and gave birth to all my cousins, who are all in their 70s and 60s. They have spent the greater part of their lives in Lagos.
“We should stop dissipating energies on a frivolous issue like the original owners of Lagos rather governance should take centre stage, how to improve the lives of the ordinary Nigerian without making the Centre of Excellence lose its candour of a commercial Nerve Centre of the West African sub-region.
“It is rather most disheartening for the government to encourage the people to engage in a frivolous narrative about founders of Lagos, a debate triggered by the comments freely expressed by a traditional ruler, who himself did not choose the tribe he originated from.
“I say, enough of engaging in such a diversionary issue as nobody created him or herself to be a Bini, Hausa, Igbo, Itsekiri, Kanuri, Fulani, Ijaw or Yoruba. We are all humans. What should be of utmost concern at this critical period of despondency is how to make life meaningful to all and sundry.
“Nigerians should refuse to be divided by diversionary issues which add no value to their lives, and make government accountable to them through good governance. We should stop wasting time or dissipating energies on non-issues as nobody chose to be a member of the tribe he or she hails from in the country from birth.”
According to Bode George, it is laughable to hear Ohanaeze Ndigbo chipping tribal sentiment of contributing to the development of Lagos. “If people don’t have anything to say, they should just keep their peace. We have serious numerous problems begging for attention. We have a near-disaster challenge in our economy which needs urgent government solutions, towards transforming the lives of the people.
“When we were growing up, we had classmates of Igbo, Hausa descent, who spoke fluent Yoruba language. We did everything together, education and sports. There are better ways to co-habit, not through frivolous issues like who is the true owner of Lagos.”
The Economic and Financial Crimes, EFCC, have rebuffed reports claiming that its chairman Mr. Ola Olukoyede labelled 70 per cent of Nigerian university students as internet fraudsters.
Olukoyede was quoted to have said “it is worrisome that seven out of 10 students today are involved in cyber crimes.”
However, the spokesman of the anti-graft agency, Dele Oyewale, in a statement on Thursday, insisted that the statements of Olukoyede was misinterpreted.
According to the spokesman, the EFCC boss never “seven out of 10″ Nigerian students are criminals.”
Below is the statement.
The attention of the Economic and Financial Crimes, EFCC, has been drawn to some needless misrepresentation of the concerns of the Executive Chairman of the EFCC, Mr. Ola Olukoyede to the rising incidences of internet- related crimes involving youths across the country.
At a recent meeting with some representatives of Civil Society Organisations, Csos that paid him a courtesy visit, he called for wider media enlightenment of youths as a counter- measure against the menace of internet fraud. He did say that reports and intelligence available to him indicated that, unless this trajectory of youth involvement in internet fraud is addressed and reversed, the future of their leadership of our great nation may be threatened and if it continues in the next 10 years, 7 out 10 of our youths may be getting involved in cybercrimes. At no time did he say that “seven out of 10″ Nigerian students are criminals”. His concerns still bother on breaking the jinx of mass indulgence of youths in cybercrimes.
The EFCC wishes to assure the public that Olukoyede is doubly committed to the progress of Nigerian youths and this underscores his calls for collaborative interventions in offering them more productive and sustainable alternatives.
Mr Chedi Wada, Comptroller, Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone “B”, Kaduna has lamented that smugglers have been using fake presidential number plates to deliver vehicles across the country.
According to Wada, they have also been dubiously using such fake number plates belonging to various states and local governments, MDAs, Emirate Councils and other governmental institutions.
Wada disclosed this when he received Bashir Rabe-Mani, NAN Zonal Manager (ZM) in Kaduna Zonal Office, who paid him a courtesy call.
He said, ”Customs will not relent and will continue to do its best by not allowing smugglers to use the old tactics of using the presidential number plates and other governmental institutions to smuggle luxurious vehicles into the country.
”This is one of the menaces we are having. It is saddening how vehicle smugglers are ridiculing the apex seat in the country by using presidential fake plate numbers using them on newly smuggled cars to deceive customs.”
According to him, customs are well trained personnel and can easily identify fake numbers and cannot be played by the old tricks.
The comptroller said, “We are not happy with them, it is too bad for them to be playing with the presidency, that’s why we always put a heavy hammer on those using the presidency on false instances on smuggled vehicles.
“Let them respect the presidency, we must respect the presidency.”
The State House has allocated N9.5 billion for the acquisition of tires for bulletproof vehicles, Sport Utility Vehicles, operational vehicles, plain cars, and the construction of an office complex for Special Advisers and Senior Special Assistants.
Out of the sum, N2bn was earmarked for the replacement of SUV vehicles, N4 bn for the purchase of State House operational vehicles, N351m for the purchase of tyres for bulletproof vehicles, plain cars, jeeps, ambulances and N3.5bn for the construction of office complex for SAs and SSAs.
The details are contained in the 2024 Appropriation Bill released by the Budget Office of the Federation on Wednesday.
The PUNCH reports that the budget was presented by President Bola Tinubu to a joint session of the National Assembly on November 29.
Tinubu had christened the appropriation bill the ‘Budget of Renewed Hope.’
The PUNCH reports that the Tinubu-led administration has continued to come under fire following what experts have tagged as “frivolous spending” by the political class amidst the hardship currently being experienced by Nigerians following the removal of fuel subsidy.
The PUNCH had earlier reported that the proposed 2024 Appropriation Bill under review by the National Assembly has an allocation of N15.961 billion for international and domestic travel expenses for Tinubu, Vice President Kashim Shettima and their aides.
Tinubu’s travel budget amounts to N7.630bn, predominantly earmarked for foreign trips with N6.992bn designated for international travels and N638.535m set aside for domestic travel.
Shettima’s travel allowance is proposed at N1.847bn, split between N1.229bn for foreign trips and N618.399m for local travels.
Big Brother Naija reality star, Doyin David has criticized Nigerians who habitually pass judgment on young women choosing to marry wealthy older men.
Her comments were prompted by the recent backlash faced by Miss Universe Nigeria, Mitchel Ihueze, following her announcement of an impending marriage to 54-year-old billionaire Prince Nicholas Ukachukwu.
Mitchel, who is reportedly 26-year-old, received heavy criticism from some online users who disapproved of her decision to marry a man more than twice her age.
Reacting on her social media page, Doyin David responded to the controversy by identifying two distinct groups offended by such unions.
The reality star said the first group comprises of women who harbor aspirations of marrying into wealth but have not found the opportunity.
According to her, the second group includes men facing challenges in their own pursuits, feeling emasculated as they cannot attract a partner of similar status.
Doyin argued that many Nigerians subscribe to the notion that genuine love is only validated when a woman marries a less affluent man.
She expressed disdain for the label “gold digger” often assigned to women who choose to marry ‘up’ economically.
The BBNaija star emphasized that it is narrow-minded to assume that anyone dating a wealthy person is motivated solely by financial considerations rather than genuine love.
She challenged the prevailing belief that true love is synonymous with marrying someone of lesser financial means, asserting that this perspective unfairly implies that wealthy individuals cannot experience genuine love.
Doyin questioned the rationale behind criticizing someone else’s marriage, pointing out that outsiders won’t be the ones living with the couple.
She said,
“Why would you even be mad at another persons marriage? You won’t even live with them
“The categories of people who get upset when a woman marries a wealthy man:
“To most Nigerians, the perfect definition of true love is when a woman gets married to a poor man.
“The yard of your wife material is measured by your ability to marry down. Once you’re marrying up, you’re a gold digger.
“There are two categories of people that have a problem with Those ladies that wish they were in her shoes but they can’t find a man like that so they just settle themselves by hating on her.
“Those men that are still struggling to make ends meet because their egos are bruised over the fact that they can’t get a woman like her.”
“The categories of people who get upset when a woman marries a wealthy man:
“To most Nigerians, the perfect definition of true love is when a woman gets married to a poor man.
“The yard of your wife material is measured by your ability to marry down. Once you’re marrying up, you’re a gold digger.
“There are two categories of people that have a problem with Those ladies that wish they were in her shoes but they can’t find a man like that so they just settle themselves by hating on her.
“Those men that are still struggling to make ends meet because their egos are bruised over the fact that they can’t get a woman like her.”
The Ogun State Police Command says it has arrested two suspected ritualists, Akeem Usman and Ifadowo Niyi, for allegedly killing and dismembering a 100-level student of the Obafemi Awolowo University (OAU), Quadri Salami.
The suspects reportedly murdered the 18-year-old Salami, dismembered his body and buried the remains in a shallow grave.
The Police Public Relations Officer (PPRO) of the command, Omolola Odutola, confirmed the arrest of the suspects to journalists on Thursday.
The publicist explained that the deceased’s father had reported the sudden disappearance of his son to the police at Kemta police station on 14th November.
The deceased’s father had told the police that his son was last seen on 8th November.
The PPRO, however, said a police investigation led to the arrest of one of the suspects, Akeem Usman, who was found in possession of the deceased’s phone.
The police spokesperson said the Commissioner of Police, Abiodun Alamut, on Wednesday, led a tactical squad to Mile 6 in the Ajebo area of Abeokuta, where the deceased’s body parts were buried in a shallow grave.
“He (Akeem Usman) implicated one Ifadowo Niyi that both of them committed the heinous crime by slaughtering the victim, one Quadri and dismembering his vital parts for ritual purposes.
“Ifadowo went away with Quadri’s head and his two wrists and paid the sum of N100,00 into Akeem Usman’s account as proceeds from the sale of the human body parts. The other parts were then buried,” Odutola said.
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A female adult, whose identity is still unknown, was discovered dead in a motel in Morogbo, Badagry, Lagos State.
The event occurred on Friday, November 31, after the deceased checked into the hotel with a male partner.
Both guests allegedly arrived at the hotel in the morning of the said day and paid for a short rest.
After a few hours, the receptionist, who was prepared to give the room to another customer, went to the room and discovered it was locked.
According to a community resident who spoke on Wednesday, the hotel worker later used a spare key to open the door and discovered the lady still on the bed motionless.
The resident, who craved anonymity due to the nature of the incident, said, “The two guests arrived at the hotel in the morning. After paying, they collected the key to their room and went inside. It was later, around 10 pm, when the hotel attendant wanted to give the room to another customer, that they started to look for the key to the room.”
The state Police Public Relations Officer, Benjamin Hundeyin, confirmed the incident.
He said, “The corpse has been deposited in the morgue. The owner of the hotel has been arrested along with the receptionist. The case will be transferred to the State Criminal Investigation Department.”
ACTOR Prince Eke has recounted his ordeal after he was kidnapped eight years ago.
The actor who was formerly married to singer Muma Gee was abducted in Rivers State on his way back from a movie shoot in 2015.
Taking to his Instagram page to mark eight years of his release from hostage, Prince Eke described his ordeal as hell on earth.
He also revealed how some of his colleagues accused him of plotting his abduction to raise money.
“Today marks exactly eight years ago I was kidnapped along Ubima road in Rivers State. I experienced hell on earth . But the greatest experience was that, most of my colleagues and friends alleged that I kidnapped myself to raise money.
“Pray for life , because if you die, people you thought were close to you will say so many unprintable things about you. Thank God for the gift of life and grace!”
[NaijaTimes]
The recent announcement by Procter and Gamble regarding plans to cease operations in Nigeria echoes a Déjà vu moment for consumers, raising fears of significant job losses and escalating prices of essential items such as diapers, sanitary pads, and other household goods.
Following the earlier exit of GSK, Nigeria witnessed a staggering 1000% increase in the cost of drug items, amplifying concerns about the potential consequences of another major consumer manufacturing company leaving due to macroeconomic challenges.
What Nigerians are saying
Nigerian reactions on social media (X)reflect a deep sense of apprehension and economic jitters. @StephAdamu expressed concern about the impending rise in consumer goods prices, drawing parallels with GSK’s departure.
- “The potential exit of Procter & Gamble in Nigeria is going to deal with us terribly. It’s already expensive buying Always sanitary pads and pampers then imagine when they leave, we can all see the result of prices of drugs after GSK left. How are we going to handle purchases of products like always sanitary towels, pampers, Ariel and co? When will Nigeria as a country grow beyond importing every thing and manufacture our own products locally? The coming year is going to be a tussle”
- Another user, @MissPearls said “GSK left Equino left Sanofi Left Procter and Gamble (P &G) is leaving too Many more companies will fold up or leave. Unemployment is skyrocketing, your currency is almost becoming useless which way forward?”
@SportsDokita underscored the potential rise in job insecurity and the discouraging effect on foreign investors, stating.
- “P & G is the latest company to close down its operations in Nigeria and will now revert to IMPORTATION which will make their products more expensive. In case you don’t know what they produce, they produce Ariel, pampers, batteries, shaving stick, etc. Now imagine the number of Nigerians that have lost their jobs just because these guys are leaving. Tinubu keep making the economy unbearable and say you’re looking for foreign investors when the ones here are freaking LEAVING!!!!!”
@Mavisikpeme corroborating previous thoughts on the new development said “P&G living Nigeria means 5,000 Nigerians have lost their jobs . This was a company producing the likes of Ariel detergent , oral B toothpaste , always pad , pampers to mention but a few . Renewed shege promax !!”
Emphasising on the economic impact the FMCG company would have on the job market as a whole @ChijiokeIke gave a breakdown of the company’s employment history.
“P&G entered the Nigeria Space in 1992 employing only 40 people in their Lagos Office Fastfoward 10 years they had employed a total of 1800 people from the Nigerian Labour Market In 2015, the APC government of Buhari took over from PDP promising Change.
As of 2018, P&G laid off over its first batch of 120 staff shutting down their biggest plant in Ogun state. As at the time this plant was the single biggest American owned Non-Oil Investment in Nigeria Fast forward to 2021, they conducted another round of redundancies in Ibadan.
Now in 2023, they have finally thrown in the towel due to the Obscenely High cost of Operations and Corrupt Practices slowing down their supply Chain Over 1500 people will lose their Jobs.
That’s 1500 families not sure of their next source of income. That’s 7500 people not sure about how they will feed next year Let’s not even mention the Local Economies that will be effected”
In light of the impending closure, @KBT_BANKOLE urged people to stock up on essential items, “With the closure of operations of Procter & Gamble in Nigeria, the prices of FMCGs like sanitary pads, baby diapers, detergents, toothpastes, etc are about to skyrocket. Do you guys realize how serious this is? Please stock up on these items in bulk NOW if you can. Renewed Shege”
@hispri0rity, echoing the sentiments, anticipated a triple increase in prices for various products. “Procter & Gamble is leaving Nigeria, Vicks lemon plus, Vicks blue, pringles, Pampers, Ariel, Always, Oral B, Gillette Safeguard, etc will triple in prices.”
https://x.com/hispri0rity/status/1732422101896974691?s=20
[Nairametrics]
The much anticipated Central Bank of Nigeria (CBN)’s power intervention projects will be ready by May, 2024, according to Project Management Office, Transmission Company of Nigeria (TCN), Engr. Engineer Matthew Ajibade,
The N122.223 billion projects, which cut across the states of the federation, aim to resolve the transmission and distribution interface bottlenecks to improve supply to end users and unlock the unutilised generation capacity in the country.
Ajibade, who led the CBN, Nigeria Electricity Regulatory Commission (NERC), NESI and other stakeholders on tour of the projects sites in Lagos on Wednesday, noted that, manufacturing process for most of the contacts is scheduled to be completed early next year 2024 to pave way for shipment and delivery.
The projects, when completed, will enhance delivery of about 1,500MW of power nationwide.
Recall that the Central Bank of Nigeria (CBN) had, in August this year, approved the sum of N122,289,344,369.39 for intervention in the nation’s power sector.The loans were accessed by the 11 electricity distribution companies at 9 % interest rate from the Central Bank of Nigeria(CBN).
According to Ajibade, so far, N85.4billion of the approved sum had been disbursed to 53 contractors to execute the projects.
Already, 10 of the power transformers have been delivered while the rest ranging from 150MVA, 100MVA and 60MVA are expected to be delivered and installed on or before May 2024.
“This intervention is anchored on firm Service Level Agreements (SLAs) between TCN and DisCos on the one hand and DisCos and their customers on the other hand. The facility was given to Discos to invest in TCN Networks by virtue of NERC regulation that permits third party investment in the Electricity Network.
Payment for the loan would be a net off from the TCN monthly invoice to DisCos. The project implementation Office (PMO) is resident in TCN for effective implementation”, he stated.
However, seven contractors that have finished with offshore production process are; Skipper Nigeria Ltd (BEDC), GTA Engineering Nigeria Limited for PHEDC network, T&D West Africa Ltd (IKEDC), Lagacee Power Ltd (AEDC), Bussdor & Company Ltd (AEDC) FOSAB Global Energy Services Limited PHEDC and Beam Energy Ltd (EKEDP).
Some consignments containing Power Transformers have been delivered to Gwagwalada, Oworonsoki 132/33KV Substation and TCN Ojo store in Lagos by Contractors.
CBN’s representative and Assistant Director/ Head Infrastructure Finance Office, Tumba Abdulrazaq Tijani, applauded the commitments of the contractors, saying, execution of the projects within a short time of accessing funds surpassed the bank’s expectations.
He noted that the projects, when completed, will impact positively on electricity deliveries by discos to consumers across the country.
The projects include eight 150MVA, 19 of 100MVA, 67 of 60MVA, three Re-conductoring existing Transmission lines (Conductors & Accessories) of 517.5 km, 24 contracts for upgrading Existing 132/33KV Substations and construction of 50 of 33KV line bays.
[Leadership]