Business
TCN Boosts Electricity In Edo
The Transmission Company of Nigeria (TCN) last Saturday commissioned new power transformers at Okpella substation to boost electricity supply to Edo North, especially in major towns of Auchi, Okpella and Igarra.
The 1x60MVA ,132,33kv power transformer would also service some major towns in Estako, and Akoko Edo Local Government Areas.
TCN had also successfully installed 40MVA at Auchi 132, 33kv substation.
The new installation at Okpella was to improve on the old 1x15MVA,132/33Kv substation which had limited capacity to adequately supply electricity to Okpella, BUA cement company, Aghenebode town and environs.
Because of the limitation, TCN awarded the contract for the reinforcement of the substation in 2012 to Messers Power Control and Appliances (PCA) to add 1×60 MVA,13/33kv transformer to increase the quality of supply in the area.
The Chairman, Nigerian Electricity Regulatory Commission, (NERC), Prof. James Momoh, commissioned the transformer in company of Governor Godwin Obaseki of Edo.
He said communities in Edo north had been experiencing poor electricity supply over the years.
He said that this had impacted negatively on the industrial development of the zone and the state in general.
“The villages around here witness low voltage, meaning there is no impact in development, it cannot touch industrialisation that we want because the quality of supply is very low.
“Because we are unable to harness power, industries cannot spring up in Edo, where we have all the vegetation, we have all the minerals.
“The lop-sidedness in supply made it very impossible for distribution to get to our villages.”
He explained that the provision of the new additional power transformer in the substation was for the interest of the Edo people, adding that the Okpella community must maintain and protect the facility.
“It will serve Okpella cement factory, it will serve other people, but we want to make sure we create jobs, we create industries. It will bring relief to our people; it will transform the economy of the state,” he said.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
