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More power plants underway – NDPHC

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The Niger Delta Power Holding Company (NDPHC) on Tuesday said more power plants are underway and the next stage is to mobilize the contractors to sight.

The company that is in charge of the projects under the Nigeria Integrated Power Projects (NIPP) has secured procurement approval for the power projects from the Bureau of Public Procurement (BPP).

Its Chief Executive Officer, Mr. Chinedu Ugbo disclosed this to reporters during the 20th Power Sector Stakeholders’ meeting in Owerri.

He said that: “More power plants are coming like the ExxonMobil power plant and a number of other plants being conceived along that corridor.

“We have received all the approvals we needed from government including the Bureau of Public Procurement so the next stage now will be to mobilize the contractors to site and we are going to do that a few days from now. So that they will go back to site.

“The government of Akwa-Ibom State working with us has helped us to resolve the right of way issue and we will soon again stat the payment of compensation so that the communities can allow us to pass and construct the lines.”

The Managing Director also noted that the NDPHC has received approval from the federal government to commence the sale of Omotoso, Geregu and Calabar power plants.

Discussions on the sale, according to him, have already reached advanced stage and the sale would have been closed by now except for market liquidity challenges.

He said that government is doing everything in its power to resolve whatever that would hinder the private sector from taking over the power plants.

According to him, all the 10 power plants are billed for sale to the private sector and He once the company gets the necessary approval it will conclude the sale of the the plants.

Ugbo said that: “National Integrated Power Projects (NIPP) the mandate is to build and sell. It is a project company. The sale will affect the 10 power plants ultimately but right now we have received approval to start with three: that is Calabar Geregu, and Omotosho.

“Discussions have advanced. Except for the market issues, the liquidity problems in the market.

We would have closed by now. But we are doing everything possible to resolve that. Government: the Hon. Minister, the Vice President are working in the mandate of the president, we trying to resolve all the issues that would impinge the private sector coming in.

“So as soon as they are resolved, strategies are being provided offers are being offered and we are working on that. So once we get the necessary approval we will close the sale.”

The Managing Director said the contractors Enagu which is handling the 330KV sub-station and the turn-in, turnout is already procuring the transformers.

He added that the 132kV line extension is being done by Pivot Engineering, which is now implementing the civil works while it procures the materials from its foreign manufacturers.

Continuing, he noted that the company is executing projects at Okija, Ihiala, Nnewi adding that the foundation of the line from Ihiala to Nnewi has been done by the contractor – North China.

He stressed that “We are at the procurement stage for the materials for the towers, so that once they are are done they build the tower and build the stretching to the sub-station at Nwewi which is being built directly by TCN.”

The work, he said, has progressed substantially, that the NDPHC hopes to commission it on schedule .
In the South South, he said that Afam, Ikot-Ekpene line is progressing , although the project was vandalized, it would soon be completed on scheduled.

Ugbo added that “one line that is outstanding is the Ikot-Ekpene, Ikot-Abasi line which will help the evacuation of the existing power plants. At least that is a bumper.”

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Economy

Sanitary Pads: Reps Query Minister Over N65m Spent On New Year Party, Others

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 The Minister of Women Affairs, Mrs Uju Kennedy-Ohaneye has drawn the ire of the House of Representatives following the unguarded manner she allegedly spent monies which included expenditures of N45 million for a New Year party and, N20 million for sanitary pads.

The House of Representatives which has now queried the minister, also frowned on her other unrelated expenditure which includes N1.5 million for vehicle fuel.

Rep. Kafilat Ogbara, Chairman, House Committee on Women Affairs, led the interrogation of the Minister, over the non-payment of N1.5 billion to contractors despite the fund release in Abuja.

She said that the investigative hearing was aimed at uncovering the truth and not witch-hunting the Minister and the officials of the ministry.

The committee also investigated the alleged diversion of funds meant for contractor payments, following a petition from contractors.

The committee also sought clarification on funds appropriated for the African First Lady’s mission and the whereabouts of the N1.5 billion meant for contractor payments.

The minister however denied the allegations of misappropriation, overspending, and non-payment to contractors.

The procurement officer confirmed contractors’ claims, and the Director of Finance and Administration acknowledged only paying approved contracts.

It would be recalled that the committee had at its last sitting summoned the minister to appear before it to explain the rationale behind the non-payment.

The committee also ordered the stoppage of all 2024 contract processes by the Ministry of Women’s Affairs until the whereabouts of the money for the said contracts are determined

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Economy

LASU: Town, Meets Gown Next Tuesday, To Make Rails Transportation More Meaningful

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LASU: Town, Meets Gown Next Tuesday, To Make Rails Transportation More Meaning

…NRC Boss, Engr. Okhiria is Pointman

The Town and the Gown will on Tuesday converge at the Lagos State University (LASU), in a mutual fusion of quality and sustainable ideas, as the Managing Director, Nigeria Railways Corporation speaks on where the eggheads necessarily need to intervene, for the overall benefit of the nation.

NRC Boosts Passenger- Safety With  Strong Armed Forces Collaboration 
Engr. Fidet-Okhiria

Prof. Bamidele Badejo who is now back in LASU, confirmed this to the Maritime First, highlighting that Engr. Freeborn Okhiria would meticulously dissect a critical issue, titled: ‘From Exclusive Clause To Concurrent List: Potency for sustainable rail infrastructure development in Nigeria and the Lagos State example.

Oluwaseun Osiyemi, the Lagos State Commissioner of Transport, will be in attendance; at an event which will flag off by noon prompt, Tuesday 16th, July 2024, at the Femi Gbajabiamila Conference Centre.

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Economy

Reps Probe Cbn’s N1.12trn Anchor Borrowers Scheme, NIRSAL’s N215b Loan

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Reps Probe Cbn’s N1.12trn Anchor Borrowers Scheme, NIRSAL’s N215b Loan

The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s interventions and agricultural funding through the Central Bank of Nigeria (CBN).

Also included in the probe are the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), the Bank of Industry (BoI) and other agencies.

The resolution followed the adoption of a motion by Rep. Chike Okafor (APC-Imo) on the floor of the House in Abuja on Tuesday.

Presenting his motion, Okafor linked the growing food scarcity and malnutrition in Nigeria to the alleged mismanagement of agricultural funds intended for agricultural development in the country.

He said the Federal Government had expended N8 trillion in 8 years on various schemes and interventions in the last eight years with the view of making food available for millions of Nigerians.

He added that the alleged mismanagement, misapplication of funds and abuse of the programmes had left Nigeria with the twin challenges of food scarcity and malnutrition.

Okafor said that funds advanced to end users of the various Federal Government interventions had also been allegedly misused, misapplied and channelled to non-farming and non-agricultural purposes.

This, he said, was responsible for the current acute scarcity of food in the country.

Adopting the motion, the House mandated the Committee on Nutrition and Food Security as well as the Committee on Agricultural Production and Services; Agricultural Colleges and Institutions and Finance, to probe

The Committees were mandated to thoroughly investigate CBN’s alleged mismanagement of the Anchor Borrowers Program (ABP) for which ₦1.12 trillion was to be disbursed to 4.67 million farmers.

The farmers were said to be involved in either maize, rice or wheat farming through 563 anchors.

The committees are to look into NIRSAL’s disbursement of ₦215,066,980,274.52, to facilitate agriculture and agribusinesses.

The House gave the committees four weeks to report back to the House.

The house also mandated the committees to equally assess how the Bank of Industry (BOI) disbursed N3 billion to 22,120 smallholder farmers through the Agriculture Value Chain Financing (AVCF) Programme.

The committee is also to investigate the handling of the N5 billion loan facility to the Bank of Agriculture (BOA) for livestock farmers across the country.

This will include the management of the National Agricultural Development N1.6 billion Recovery Fund for the Ginger Blight Epidemics Central Taskforce (GBECT).

This is for the control of Blight disease in Ginger, among other interventions. 

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ADEBAYO SARUMI: Doyen of Maritime Industry Marks 80th Anniversary, Saturday 

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