Connect with us

News

Oyo govt working towards Independent Power Supply – Energy Commissioner

Published

on

Oyo State Commissioner for Energy and Mineral Resources, Barrister Temilolu ‘ Seun Ashamu, has declared that state has already begun efforts towards achieving independent power supply in the next few years.

He maintained that the options of building an independent power station were already being explored by the state.

Ashamu sought for the support of the leaderships of both the federal and state’s energy generation and power supply agencies for the government to improve the distribution of electricity across the length and breadth of the state.

Ashamu, while speaking on a radio programme, said that the government would take advantage of its potentials such as dams and landscape to power unserved areas in the state to increase the hours of electricity supply in the state.

He said: “The Ministry of Energy and Mineral Resources is saddled with the responsibility of coordinating independent power in Oyo State to establish independent electric grid.

“We are working on creating a conducive environment for effective teaching and learning in schools. Also, there should be steady power supply in our hospitals and primary health centres.

“Last year, I sought permission from the governor to meet with the Transmission Company of Nigerian in Abuja. We met with them on how to improve the electricity distribution in the state.”

ALSO READ  EDUCATION: NCC to build N1.1 bn 250-seater virtual examination center in LAUTECH

The commissioner expressed the readiness of the Governor Seyi Makinde-led administration to further improve on the well-being of citizens through the actualization of the independent power supply project initiative.

He added: “On the economic side of things, we know that if we want foreign investors in our state, we must assure them of constant power supply.”

He added that efforts were ongoing to identify potentials and resources in each zone of the state and locations in order to determine appropriate means of generating power for residents of each zone, saying: “We are currently on a survey to identify the quality and quantity of mineral resources we have in our state. This would attract private investors to the state for the development of the sector.”

He reiterated that the ministry would make use of natural energy solutions such as solar, wastes, water, farmland and air, among others, to address the issue of irregular power supply in earnest.

“As regards natural resources, we must first gather sufficient data before taking any step. This is what Minerals Development Agency is currently doing. They are surveying the entire state to know how many natural resources we have, their location, sufficiency and quality. It is this data that can be used to attract foreign investments.”

ALSO READ  Ondo prophet ‘Sotitobire’ jailed for life over missing child freed

Barr. Ashamu, who admonished residents of the state to be patient and cooperate with the state government in its quest to bring the independent power supply project into reality, said: “What we are looking at is to have programmes for our rural communities, which will be different from the urban areas. Of course, it is with this that we would be talking about generating independent power for all. We would use natural energy solutions such as; solar, waste, water and wind to generate electricity.

“We need the cooperation of the residents of the state. We also want our people to be patient with us. For instance, the Ministry of Energy and Mineral Resources has just been established, therefore, we started with establishing a management and staffing framework that we would be working with.

“Also, there are some strategies that would be adopted to reduce wastage in the use of electricity in residential and commercial buildings.”

Comments

News

Senate Approves Tinubu’s $500m Loan for Power Sector Boost

Published

on

By

The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

ALSO READ  Nigeria: Humanitarian Actors Establish First Anti-Trafficking Task Force in North-East

 

Continue Reading

News

Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

Published

on

By

In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

ALSO READ  2023: Group activates Tinubu's presidential ambition, woo Alaafin, Olubadan

Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

Continue Reading

News

EFCC calls on banks’ compliance officers to uphold confidentiality

Published

on

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

ALSO READ  Ned Nwoko clarifies plans to marry Nigerian comedienne, Emmanuella
Continue Reading
Advertisement

Tweets by ‎@megaiconmagg

Subscribe to our Newsletter

* indicates required

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Trending