Light Up initiative deliberate endeavour to re-engineer Nigeria economy — VP Shettima

…Says industries in Agbara cluster already reaping benefits

The Vice President of Nigeria, Senator Kashim Shettima has stated that the Light Up initiative is a deliberate effort on the part of the Federal government to re-engineer the nation’s economy.

This is as the Vice President also affirmed that industries in the Agbara cluster of Ogun State are already reaping the benefits of the initiative.

The VP had on October 12, 2023 flagged off the initiative in the South West at the Agbara Industrial Cluster, with stakeholders committing to the successful implementation of the project across the country.

The VP recalled that when the pilot project was initiated with a business roundtable at the Agbara industrial area, it attracted major investors and industrialists even from neighbouring clusters in Oyo and Lagos States.

Speaking on Monday in Enugu at the South-East Business Roundtable and launch of the Light Up project in Enugu state, the VP said “even the most skeptical mind has since been persuaded by the milestones achieved in Agbara since October 12, 2023,” following the completion of technical studies and a new transformer procured, while a mobile transmission substation would soon be up for commissioning.

Noting that the project is not mere rhetoric, he pointed out that as an industrial powerhouse, the South East and its economic fortune is one of President Tinubu’s critical priorities.

He said the Light Up Nigeria Project, which is part of the priorities set by President Bola Ahmed Tinubu to revamp the nation’s economy and ensure rapid industrialisation, heralds renewed hope for industrialists, investors and Nigerians who had to bear the brunt of the country’s power challenges for so long.

“This marks a significant step toward reliable power supply. The genius of this initiative is that it promises a boost in supply levels to NESI without injecting public funds. Yet, it provides stable power where our economy needs it the most,” he explained.

The Light Up project is a collaboration between the Niger Delta Power Holding Company Limited and its partners and it is targeted at revamping Nigeria’s infrastructure framework with the much-needed drive in empowering Nigerians and strengthening the economic policies of the Tinubu administration.

The Vice President also flagged off the Smart Schools project of Governor Peter Mbah in Enugu and various road projects in Abia State constructed by Governor Alex Otti.

Delivering his address titled, “A Stable Light for a Steady Economy,” the Vice President noted that the project is part of the Federal Government’s responsibility for the nation’s industrialization in fulfillment of the promises made by the President.

He stated, “This marks a renewal of hope for industrialists, for investors, and for the homes that have long endured the consequences of Nigeria’s power supply deficit.

“The Light Up Nigeria project powers the hope of our industrialists and serves as a long-awaited solution to the power supply deficit that has undermined our economy over the past decades. So, this intervention isn’t a ribbon-cutting charade.

“This is a calculated endeavour to re-engineer our economy, and whatever we design to oil the wheels of our industries is futile unless we stabilize the Nigerian Electricity Supply Industry (NESI).

“We were sure of our direction in pursuit of the priorities set by His Excellency, President Bola Ahmed Tinubu, and the dream under construction attracts us to this historic city of coal and industries,” he added.

On the choice of Enugu for the launch of the project in the South East which, according to him, was not based on geographical compensation, Senator Shettima further explained that “with its renowned industrial layouts in Emene and 9th Mile corner, the commercial and manufacturing direction, potentials, and promise of Enugu States align with our vision of fast-tracking the economic growth and influence of this project beyond the South-East, beyond Nigeria, and, in fact, beyond Africa.”

He however warned that as Chairman of the Board of NDPHC, he is under obligation “to hold every relevant official accountable and ensure that the project is not abandoned.”

In his welcome address, Governor Peter Mbah of Enugu State thanked the Vice President for his professionalism and deep interest in the growth of the private sector and noted that “It’s indeed a new dawn for the power sector in the South East.”

Mbah said the project is of critical importance since it deals with the power sector which is pivotal for economic growth adding that it will translate to reduced power costs for the productive sector and create jobs.

“It aligns with our approach to governance in Enugu State. It’s a disruptive initiative, an innovative way to address the status quo.

“We are indeed happy to be associated with this as a region with a compact economy. With our population and market size of over 27 million, the opportunities are here.

“It’s initiatives like this that will drive the industrial growth we envisage in the South East and the reduction of poverty. It wouldn’t have come at a better time than this when we desire to boost our productivity as a nation.

“Let me enjoin our industrialists to take advantage of this initiative and remove any bottleneck to power use in the region. Let today go down in history as the turning point of power supply in the South-East,” Governor Mbah said.