The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines.
Ms Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, in a statement said that the investments would increase the power transfer capacity of the transmission network.
The World Bank’s International Development Association (IDA), helps the world’s poorest countries by providing grant, low to zero-interest loans for projects that boost economic growth and reduce poverty.
The World Bank Country Director for Nigeria, Mr Rachid Benmessaoud, said the Nigeria Electricity Transmission Project (NETP) would help address key bottlenecks in the transmission network.
“It will also improve access to affordable and reliable electricity service to citizens. The credit will also enable distribution companies supply consumers with additional power.
“Together with other investments and policy measures, the project will contribute to ensuring adequate and reliable electricity supply that is necessary for Nigeria’s continued economic development,” he said.
The Minister for Power, Works and Housing, Mr Babatunde Fashola, reiterated the government’s commitment to improving power supply in the country.
“The Federal Government is committed to addressing the challenges in the public-owned transmission network.
“The financing being provided by the World Bank under the Nigeria Electricity Transmission Project power sector underlines this commitment.
“The Federal Government anticipates that private sector financing in the privately-owned segments of the value-chain will complement the government’s efforts in bringing better quality service to citizens,” he said.
The NETP is part of the Power Sector Recovery Programme (PSRP) by the Federal Government.
It is a comprehensive package of policy, legal, regulatory, operational and financial interventions that will restore the financial viability of the power sector.
The measures that will be implemented through 2021 are aimed at improving transparency and service delivery and re-establishing investor confidence in the sector.
Also read: https://www.pmnewsnigeria.com/2018/02/16/ogun-govt-partners-ipps-stable-power-supply/
Nollywood movie star Omotola Jalade Ekeinde aka Omo Sexy is 40 years old today.
In celebration of her milestone age, the movis Icon will be hosting a 5 days night out with the caption Omotola4PointO. The event kicks off tomorrow evening in Lagos.
The star who will be hosting the show herself. Checkout her post below:
She wrote:, posted on her social media wall:
Dear Lord…. THANK YOU.
I’m so grateful…
You ALONE Have done this and it is Marvelous in my sight.
Happy Birthday to Me.
It’s Only the beginning #Omotola4pointO
Today is also the star’s 18th year old daughter’s birthday and the mother of 4 could not hide her joy as she took to Instagram to share the good news:
Happy birthday to my twinnie @miiimiii_e
18 and fabulous! Beauty and Brains.
You know I adore you. Have a blast daughter. God has favored you. ❤
THE Olubadan of Ibadan, Oba Saliu Adetunji, on Monday, installed 20-year-old Mr Solomon Oluwatenilola Adegbola, as a Mogaji in Ibadan.
Mogaji Oluwateniola, a Business Economics undergraduate of the University of Warrick Coventry, United Kingdom said he is happy to be the youngest Mogaji, stating that he was elated by the warm reception he got from the Olubadan, Oba Adetunji, Osi Olubadan, High Chief Rashidi Ladoja and Iyalode Ibadan Alhaja Aminat Abiodun.
He said “Our father, Olubadan of Ibadan was happy to see him and could not hide his joy at seeing me. He encouraged me, smiling likewise High Chief Ladoja.They were all happy to see me as the Mogaji of Arogundade family.”
The new Mogaji Arogundade, who was accompanied by his partner and parents; Mr and Mrs Sola Adegbola were the cynosure of all eyes as people closely admired the man regarded as the youngest Mogaji in recent times in Ibadanland.
The Chairman, Police Community Relation Committee (PCRC) Ogun State, Alhaji Taiwo Kamorudeen Ige Akande, and Chief Executive Officer, Asiwaju Group of Companies, Alhaji Ibrahim Olaniyan were also installed as Mogajis along with seven others at the Olubadan’s Popoyemoja palace on Monday.
Akande, a business mogul and industrialist described the honour bestowed on him by the Olubadan as a privilege and honour to serve the people of Ibadan in a broader capacity.
Others who were installed include: Mogaji Olukusa, Amunigun Agbeni area, Mogaji Ibrahim Sheriff Akano Adetunji, Mogaji Makinde, Oke-Offa Atipe area, Makinde Kabiru Ademola, Mogaji Olasupo Asa family, Oke-Foko Agbeni, Rasaq Oladipupo, Mogaji Daada Family, Oje area, Musibau Alimi Raji, Mogaji Opayinka Family Kosodo area, Kayode Taiwo Alaka and Mogaji Ogidi, Oke-Offa Atipe area, Aderemi Ibrahim Babalola.
Speaking with journalists, Mogaji Akande said he considers it a great honour to be installed as Mogaji of his compound and as an opportunity to contribute his quota to the development of Ibadanland as a whole.
He said “I consider it as a big honour to be considered for this exalted position in my family and Ibadan. I also see it as another challenge to me to be more committed to the welfare and development of my people, town in general. With this, I re-affirm my determination not to let down all that have considered me for this privilege. I am quite sure it helps to get more commitment from me too and to the service of my fatherland.”
Olaniyan, in an interview with journalists, said he had served Nigeria in so many capacities and his new role as Mogaji in Ibadan would position him to contribute more to the progress of the city.
He said “I thank Almighty God for making it possible. I pray to become Olubadan and that is my vision. Also, I crave for Ibadan State. I will start putting that in my prayers now. And I will work within my capacity and connections to realise the dream of having Ibadan State.”
Olaniyan, who threw his weight behind Olubadan on his objection to the review of the 1957 Olubadan Chieftaincy Declaration by the Oyo State Government, also enjoined some Ibadan youth that has been unleashing the reign of terror in certain parts of the city to turn over a new leaf.
“I am appealing to the youth to be good ambassadors of Ibadanland. We are known for peace and our forefathers had their names written on the rock as peacemakers. So, I am appealing to them to be law abiding citizens of this state and law-abiding citizens of Ibadanland,” he stated.
COUNSEL to embattled Former Minister for Aviation, Femi Fani-Kayode, on Wednesday, told Justice Rilwan Aikawa of a Federal High Court sitting in Lagos that his client is suffering from a heart-related disease, according to a report in The Tribune
Fani Kayode who is standing trial for a N4.9 billion money laundering charge brought against him by the Economic and Financial Crimes Commission was absent in court on Wednesday to continue his trial.
Counsel for the ex-minister, Mr Norrison Quakers (SAN), told the court that his client was unable to make it to court as he had been hospitalised for a heart disease.
Quakers further told the court that he would furnish the court with a medical report to back up his claims while praying the court to grant him an adjournment.
EFCC prosecuting counsel, Rotimi Oyedepo, however, urged the court to observe the provision of Section 396(4) of the Administration of Criminal Justice Act 2015, which stipulated that no party, in a criminal case, could have more than five adjournments.
Oyedepo noted that already, the case had been adjourned twice at Fani-Kayode’s instance.
After listening to the parties Justice Aikawa adjourned the case till February 28 and March 1 and 2, 2018.
Recall that Fani-Kayode was arraigned on 17 counts of money laundering alongside a former Minister of State for Finance, Nenadi Usman, who was listed as the first defendant in the charge.
The third and fourth defendants in the case are one Danjuma Yusuf and a company, Joint Trust Dimensions Limited.
The charges border on alleged conspiracy, unlawful retention of proceeds of theft and money laundering.
Fani-Kayode, who was the Director of Publicity of ex-President Goodluck Jonathan’s presidential campaign organisation for the 2015 election, was accused of conspiring with the others to, directly and indirectly, retain various sums, which the EFCC claimed they ought to have reasonably known were proceeds of crime.
The EFCC accused Fani-Kayode was accused of directly using parts of the money at various times, including a N250,650,000.00, which he allegedly used between March 20 and 25, 2015.
Fani-Kayode was also accused of making a cash transaction of N24m with one Olubode Oke, said to still be at large, on February 12, 2015, to Paste Poster Co of 125, Lewis Street, Lagos Island.
The duo was said to have made the transaction without going through any financial institution.
The Federal Road Safety Corps (FRSC), Ogun Sector Command, on Wednesday said it had taken its campaign to schools in the state to educate pupils/students on safety issues.
The Ogun Sector Commander of FRSC, Mr Clement Oladele, told the News Agency of Nigeria (NAN) in Ota, that the measure was part of the command’s programmes to ensure safety on the roads in the future.
He said that the measure would also help to prepare the pupils/students as the next generation of drivers in the country.
The Commander said that the FRSC would lay emphasis on youth education and truck safety in 2018 to reduce crashes on the country.
“The FRSC has commenced preaching of safety across schools and organisimg programmes for truck drivers to ensure sanity and protection of lives and property on the highways,’’ he said.
Mr Oladele also said that some truck drivers drove recklessly on the highways and in most cases such drivers did not belong to unions.
He, however, said that the FRSC had been in contact with truck owners to see how the challenge could be addressed.
“We want to see how we can organise those drivers without a union to form one so that their excesses and tension created by them could be reduced.’’
Oladele also noted that nobody could function effectively if the person were not properly trained.
He said that the FRSC had certified members of staff that were competent to train truck drivers.
Popular Rapper, Olamide Adedeji a.k.a Baddo lost his mom just few hours after he celebrated his son’s birthday on Tuesday.
The YBNL Boss, who made the announcement on his Instagram handle wrote: ” Orisa bi Iya ko si laiye ( No god like a mother in the world)
The “science student” crooner, had earlier penned a birthday message to his son,saying; “Happy birthday 🎉🎈🎂Batifèori Maximiliano Adedeji ❤️❤️❤️❤️ more life young King 🤴🏾 from Dad, your best pal.”
But four hours after, he posted the message mourning his mom on Social media.