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FG Begins Sale Of 10 Power Plants …Blocks Power Thieves, Vandals

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The Federal Government is to privatise the 10 independent power plants built by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Project (NIPP).

Managing Director, NDPHC, Mr James Olotu, made this known at an interactive session with journalists in Lagos.

Our correspondent  reports that the power plants are Omotoso in Ondo State (450MW), Sapele in Delta (450MW), Geregu in Kogi (434MW), Olorunsogo in Ogun (750MW) and Ihovbor in Edo (450MW).

Others are Gbarain in Bayelsa (225MW), Alaoji in Abia (450MW), Calabar in Cross River (561MW), Egbema in Imo (338MW) and Omoku in Rivers (225MW).

Olotu explained that a road show to indicate the commencement of the exercise would start in Lagos from Tuesday, June 4 to June 5 with 40 investors.

He said that the road show would be extended to United Kingdom, United States and Hong Kong.

The NDPHC boss confirmed that six of the plants had been completed technically, while the remaining would be completed before 2014.

He explained that the Federal Government would divest 80 per cent of its shares in the power plants, while auctioning would involve the Ministry of Power and the Bureau of Public Enterprises.

Olotu, who did not disclose the expected revenue from the auction, said that proceeds realised would be used to build additional power plants and boost transmission lines in the country.

“With the planned privatisation, there would be efficiency and effectiveness in the management of the power plants.

“Government can play its role where it has relative advantage. Government will invest little but more on transmission sector so as to build the country’s power infrastructure,” he said.

Olotu stated that the Board of Directors of the company which has Vice President Namadi Sambo as its Chairman, had got the approval of the Federal Government to privatise the plants.

He said the sale became imperative due to the fact that the company has achieved the mandate given to it in 2005.

“The mandate was to build 10 independent power plants across the country with capacity to generate 5000 MW by end of 2013 and divest it.

“We are confident to tell you that this year will be a year of harvest in the power sector. All the power generating plants will be completed this year.

“In fact, six plants are ready for commissioning while four others are about to be completed within the next few months.

“We are divesting 80 per cent stake in each power plant as valued by our financial advisers..

“We will retain 20 per cent in order to assure potential investors of our confidence in the plants we are selling,” he stated.

Also speaking, Mr Arif Mohiuddin, CPCS Transaction Adviser to the NDPHC, said submission of bid for the plants was scheduled for July 19 while August 8 was fixed for short-listing of bidders.

“There will be bidders’ conference on September18 and September19. Bidders are expected to submit their proposals on November 8 and evaluation of technical proposal would come up one month later,” Mohiuddin said.

He said names of successful bidders would be announced, while the handing-over of the assets to the investors would come up before June 2014

He gave the assurance that the plants would not be handed over until completion and commissioning.

Meanwhile, the Federal Government is set to tackle the menace of vandalism of power infrastructure in the country, according to the Minister of Power, Prof Chinedu Nebo.

This is contained in a statement signed by Mr Ibrahim Haruna, the Deputy Director, Press in the ministry and made available to newsmen in Abuja last Friday.

The statement said that the ministry was partnering with the Nigeria Security and Civil Defence Corps (NSCDC),  to ensure the success of the task.

It quoted Nebo as having said this when the Commandant-General of the NSCDC, Dr Ade Abolurin, and his team paid him a courtesy visit in Abuja.

The minister added that the ministry would collaborate with all security agencies and other stakeholders to safeguard power infrastructure throughout the country.

He described power as “central and critical” to the Federal Government’s Transformation Agenda, adding that government would not sit back and allow unscrupulous elements to vandalise the equipment.

Nebo observed that successive governments in Nigeria had spent billions of naira to procure power infrastructure, adding that vandalism would derail the planned efforts at ensuring uninterrupted power supply, if not checked.

He stressed that the ministry would leave no stone unturned, in its quest to protect power lines and transformers from the activities of vandals.

Nebo, who said that power lines and transformers were key in the power chain, revealed that the President had committed a lot of resources; both material and financial to the power sector.

He said that the ministry, being the guardian and superintendent of the sector could not afford to fail in providing electricity to Nigerians.

Earlier, the Commandant-General said the NSCDC was conscious of the problems confronting the Ministry in ensuring the security of power equipment in the country.

Abolurin stressed the need for all hands to be on deck to protect the equipment and for the government to succeed in providing uninterrupted electricity supply to the people.

The commander-general, who called for information sharing and surveillance in the course of protecting power equipment, added that the NSCDC had been protecting infrastructure for all the sectors of the economy since its inception.

Our correspondent reports that the NSCDC, formerly known as Lagos Civil Defence Committee, came into being in May 1967 during the Nigerian Civil War,

It was initially meant to sensitise and protect the civil populace within the then Federal Capital Territory of Lagos.

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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