The Japanese International Cooperation Agency, JICA, has committed $500 million to improve power supply in the Ogun and Lagos regions.
The Minister of Power, Adebayo Adelabu, announced the investment on Friday during a courtesy visit from Ogun State Governor Dapo Abiodun.
In a statement issued in Abuja by his Special Adviser on Strategic Communication and Media Relations, Bolaji Tunji, Adelabu described the investment as a significant boost for the Nigerian economy.
Tunji reported that the investment aims to upgrade transmission infrastructure along the Lagos–Ogun Industrial Corridor, focusing on industrial clusters in Agbara, Mowe, and Sagamu.
“We also have the Presidential Power Initiative projects, the highlights of which include boosting power transmission infrastructure within and outside the Ogun industrial corridors.
”Also ongoing are some Transmission Company of Nigeria’s projects aimed at enhancing power supply to Ogun. All these will involve building additional power transmission substations and upgrading existing ones as well as reconductoring existing weak high voltage power lines and new extensions for capacity strengthening and expansion,” Mr Adelabu said.
The minister urged the governor to collaborate with the ministry to impress it on gas pipeline operators to improve the pipeline infrastructure passing through the state to boost the pressure quality and quantity of gas supplies to power plants and industries within the state.
The minister promised to undertake an official visit to the state as requested by the governor to enable him to meet with the industrialists within the corridors for possible areas of cooperation and collaboration.
In his remarks, Mr Abiodun applauded the minister for the overwhelming noticeable improvements in power supply across the country.
He also commended Mr Adelabu on the ongoing turnaround being witnessed in the nation’s power sector and enjoined him to sustain the momentum, which he said would further galvanise the economy.
He stated, “I came to visit but I have to commend you for performing wonders in the power sector. It’s to encourage you to sustain the noticeable improvement. As part of my visit, I want to make a special appeal to you for special attention to further enhance power infrastructure and supply to Ogun which is a key industrial hub in the country.
” I am aware that since your assumption of duty, you have visited some major industries and power plants in the state such as Momas Electricity Meters Manufacturing Company, Coleman Wires and Cables and Splendor Electric, producers of Porcelain high voltage electric insulators. As well as the Olorunsogo Niger Delta Power Holding Company/Nigerian National Integrated Power Project power plant in Papa Lanto. However, we have a lot more to show you.”
The governor said that the minister’s visit to Ogun State would enable him to meet with industrialists in the state.
(allnews.ng)
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