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Industrial Hub: Ajimobi assures landowners of compensation.

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GOVERNOR Abiola Ajimobi of Oyo state on Tuesday assured landowners at Akilapa and Kuponiyi villages along Lagos-Ibadan expressway in Oluyole Local Government Area of the state that he would pay due compensation for all lands acquired for industrial purpose.

The assurance was given through the state Commissioner for Lands, Housing and Urban Development, Mr Ajiboye Omodeewu at a meeting held with the representatives of landowners from the villages where parcel of land were acquired by the government for its industrial revolution.

Ajimobi explained that for ease of doing business and trade in the State, land must be made available to investors so as to increase government’s internally-generated revenue (IGR), create employment and wealth, reflate the economy as well as industrialize the state.

The Governor said, “we all need to make sacrifice for good things we desire and we as the representative of the government are ready to ensure that we follow due diligence and do the needful for the people of the state. We are ready to pay compensation to the landowners but we will initially enumerate properties according to the stipulation of law.

“The request of the villagers on what will benefit them when the foreign companies start working is natural and we want to assure that the companies will abide by the corporate social responsibility code. They will provide social amenities for the people and these might include the establishment of hospitals, schools and other benefits.

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“We implore our people to key into the vision of the government towards increasing employment opportunities, wealth creation and building financial capacity through industrialization,” Governor Ajimobi concluded.

In his remarks, the leader of the delegation from the two villages, Alhaji Rasaq Akilapa said that the people in the communities shared the vision of the Ajimobi administration to create an industrial hub in their villages through the Pacesetter-Polaris Free Trade Zone and Industrial park.

Akilapa informed reporters of the readiness of the dwellers of both villages to always support the government in improving the quality of lives of residents of Oyo State.

He, therefore called on the government to speed up the compensation process saying “the people of Akilapa and Kuponiyi communities where the Free Trade Zone and the Industrial park are located are happy for development and we know we will be the most benefitting party. Our prayer is that the compensation payment be fast tracked.”

It will be recalled that the State government went into collaboration with about 175 investors from China have expressed readiness to stake multimillion dollars in investments towards the Pacesetter-Polaris Free Trade Zone project in November 2016. The companies include vehicle-assembly plants, solar power manufacturers among others. The first set of investors is expected this month.

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FG Unveils Unbundling Plan for Electricity Distribution Companies

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In a bid to enhance efficiency within Nigeria’s power sector, the Federal Government has initiated the unbundling process for 11 electricity distribution companies (DisCos).

This move aims to streamline operations and bolster effectiveness within the sector, as highlighted by Nigeria’s Minister of Power, Adebayo Adelabu.

Addressing the Senate Committee on Power in Abuja, Minister Adelabu emphasized the necessity of restructuring the DisCos into more manageable entities aligned along state lines.

He stressed the impracticality of current setups, citing examples such as the Ibadan Disco, which spans across seven states, hindering operational efficiency.

Also, Minister Adelabu disclosed the government’s intention to exercise its ownership rights in the DisCos, reclaiming management responsibilities to rectify operational shortcomings. He underscored the imperative of governmental intervention, citing past mismanagement by private sector operators.

In tandem with the unbundling initiative, the Federal Government has directed the sale of DisCos currently under the management of banks and the Assets Management Corporation of Nigeria (AMCON). Four DisCos, including Abuja, Benin, Kaduna, and Kano, are now under bank management due to loan repayment issues, signaling a broader need for industry-wide reform.

The Senate Committee on Power echoed concerns over DisCos’ inefficiencies, advocating for comprehensive overhauls to address longstanding performance deficits. Senator Danjuma Goje decried DisCos’ lackluster contributions to the power sector, labeling them as “complete failures.”

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In response to mounting challenges, Minister Adelabu outlined key strategies to revitalize the sector, including stringent regulatory measures, franchise agreements, and accelerated completion of transmission projects. Additionally, efforts are underway to bridge the metering gap and expand renewable energy capacity to bolster the national grid.

Looking ahead, the Federal Government remains committed to realizing its vision of a robust and sustainable power sector, with plans underway to achieve a target of 6,000MW of power generation by the year’s end. As stakeholders collaborate to address systemic deficiencies, the trajectory of Nigeria’s power sector points towards a future marked by resilience and progress.

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Nigerian Army Dismisses Two Personnel Over Alleged Theft at Dangote Refinery

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The Nigerian Army has swiftly acted on allegations of misconduct within its ranks, as it announces the immediate dismissal of two of its personnel implicated in a reported theft at the Dangote refinery in Lagos.

Director of Army Public Relations, Onyema Nwachukwu, affirmed this disciplinary action in a statement released on Monday.

Corporal Innocent Joseph and Lance Corporal Jacob Gani have been relieved of their duties and handed over to the police for further investigation.

“As a demonstration of NA’s zero-tolerance for misconduct and criminality within its ranks, the two soldiers have been dismissed from the NA with immediate effect and handed over to relevant authorities for further prosecution,” Nwachukwu stated.

Major General Nwachukwu outlined the charges against the soldiers, citing their abandonment of duty post and unauthorized possession of materials. He noted that they were summarily tried and found guilty in accordance with military laws.

“This decisive action underscores the NA’s resoluteness in maintaining its institutional integrity and reputation,” Nwachukwu added. “The NA reassures the general public of its dedication to upholding integrity, discipline, and accountability at all levels.”

“We remain resolute in our duty to protect and serve the nation with honor and dignity,” he concluded.

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Rainstorm plunges forty Ogun communities into darkness

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Forty communities in Ogun State have been plunged into darkness following a rainstorm on Sunday.

The downpour, which began midday, destroyed electricity facilities in some parts of the state, leading to a blackout.

“Due to broken poles occasioned by the heavy downpour at Ota and Mowe, customers in the following communities: lyana lyesi, Osuke Town, Egan Road, lyana Ilogbo, Ijaba, Ijagba, Itele, Lafenwa, Singer, Joju, Alishiba, Oju Ore, Tollgate, Eledi, Akeja, Abebi, Osi Round About, Ota Town, Ota Industrial Estate, Igberen, lju, Atan, Onipanu, Obasanjo, Lusada, Arigba, Odugbe, Ado-Odo, Igbesa, Owode,” the Ibadan Electricity Distribution Company (IBEDC) said in a statement late Sunday.

“Olokuta, Hanushi, Bamtish Camp Lufiwape, Eltees Farm, August Engineering, Spark Cear Soap Ayetoro, Amazing Grace Oil, Christopher University, Royal Garden Estate, Pentagon Estate, and environs are experiencing power outages”.

It called on residents of the areas to avoid “contact with the broken poles, saggy wires or any other electrical installation affected by the rain.

“Our technical team is working to clear and replace the broken poles and installations to ensure power supply is restored as soon as possible,” IBEDC said.

A video circulating on social media showed fallen electricity poles on vehicles in a flooded Sango-Ota area of the state.

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