Connect with us

News

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

Published

on

…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.

News

OAU students injured as Amphitheater ceiling collapses on students

Published

on

By Jeleel Olawale

No fewer than five 100l students of Obafemi Awolowo University, Ile-Ife were on Thursday injured when the Amphitheater collapsed on them by the heavy rainfall in the morning while the students were taking SER001 Class in Ile-Ife in the morning.

According to a student who was one of the survivors, Babatunde Damilare said, the ceiling in the Amphitheater fell on the students which resulted in the incident.

The students had told the lecturer while the lecture was ongoing to end the class when the heavy rain enveloped the whole Amphitheater. The lecturer did not stop the class until part of the building collapsed on them.

A release by the Public Relations Officer of the University, Mr. Abiodun Olarewaju, said the torrential rainfall of early Thursday morning, accompanied with a whirlwind, which started as students of Obafemi Awolowo University, Ile-Ife, Osun State, were having a lecture, SER to be precise, in the Amphitheatre of the Oduduwa Hall, affected the ceiling of the Amphitheatre as it fell off and injured a few of the students.

The Vice-Chancellor, Professor Adebayo Simeon Bamire led other principal officers to the Medical and Health Centre of the University, and ensured that the injured students were given adequate medical attention.

The statement stated that the Vice-Chancellor also followed two other students, whose cases demanded more medical attention to the Obafemi Awolowo University Teaching Hospital Complex (OAUTHC), where the Chief Medical Director (CMD), Professor John Okeniyi, physically supervised the proceedings.

The Vice-Chancellor has, therefore, appealed for calm and urged students and staff to go about their academic and administrative activities without any form of untoward action.

Meanwhile, the management of the University has sealed off the amphitheatre, the venue of the unfortunate incident, until further notice.

Also, the president of the Students Union, Comrade Abbas Akinremi said, the incident of ceiling collapse occurred at the Amphitheater of Oduduwa Hall of the university which has never occured in the history of the institution.

“The place is always being used for social events. Nothing of such happened. He said the situation has been stable as normalcy has since been returned to the institution.

“The institution management has been on top of the incident. The Vice-Chancellor really took proactive steps in ensuring that normalcy has returned to the institution. He has visited the injured students at the University health centre before they were referred to Obafemi Awolowo University Teaching Hospital,” he said.

Abbas debunked the rumour that a roof collapsed as it’s being circulated around.

He said that it was part of the ceiling that fell on some students, five of whom have been taken to the University health centre, while the most critical two were taken to Obafemi Awolowo University Teaching Hospital Complex (OAUTHC).

According to him, the affected students had been adequately treated and were all stable, thanking God for no casualty.

He urged school management to continue monitoring and ensure maintenance of lecture building, hostels for the safety of staff and the students.

Continue Reading

News

JUST IN: Student loan application portal opens May 24

Published

on

The Federal Government, through the Nigerian Education Loan Fund, on Thursday night announced that May 24, 2024, was the official date for “the opening of a portal for student loan applications,” a statement signed by the media lead of the Fund, Nasir Ayantogo said.

Ayantogo, in a statement, said the opening of the application portal marks a significant milestone in the commitment of President Bola Tinubu to” fostering accessible and inclusive education for all Nigerian students.”

On June 12, 2023, Tinubu signed the Access to Higher Education Act, 2023, into law to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.

The move was in “fulfilment of one of his campaign promises to liberalise funding of education,” a member of the then Presidential Strategy Team, Dele Alake, said.

The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund to process all loan requests, grants, disbursement, and recovery.

Although the government initially announced that the scheme would be launched in September, it suffered several delays, leading to an indefinite postponement in early March.

The Presidency had linked the delay to Tinubu’s directive to expand the scheme to include loans for vocational skills.

After receiving a briefing from the NELFUND team led by the Minister of State for Education, Dr Yusuf Sununu, on January 22, the President directed the Fund to extend interest-free loans to Nigerian students interested in skill-development programmes.

Tinubu based his decision on the need for the scheme to accommodate those who may not want to pursue a university education, noting that skill acquisition is as essential as obtaining undergraduate and graduate academic qualifications.

“This is not an exclusive programme. It is catering to all of our young people. Young Nigerians are gifted in different areas.

“This is not only for those who want to be doctors, lawyers, and accountants. It is also for those who aspire to use their skilled and trained hands to build our nation.

“In accordance with this, I have instructed NELFUND to explore all opportunities to inculcate skill-development programmes because not everybody wants to go through a full university education,” he had said.

Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.

The portal, according to the statement, provides a user-friendly interface for students to submit their loan applications conveniently.

“We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation.

“Students can access the portal on www.nelf.gov.ng to begin application,” the statement said.

Continue Reading

News

Reps threaten cancelation of PPP and concessions in transport ministry

Published

on

The House of Representatives Committee on Public Assets has issued a stern warning to cancel all Public-Private Partnership (PPP) agreements and concessions within the Federal Ministry of Transport.

The announcement came during a session in Abuja where the committee interrogated officials from the ministry, led by Permanent Secretary Pius Oteh.

Chairman of the Committee, Rep. Ademorin Kuye, expressed dissatisfaction with the lack of compliance with existing laws in the PPP and concessions agreements, particularly concerning the Nigeria Railway Corporation (NRC) and the Railway Property Management Company Limited (RPMC).

Kuye stated that non-compliance with extant laws could lead to the cancellation of these agreements.

Oteh also told the committee that the ministry has over 170 leases but was unable to provide the relevant documents as required by the lawmakers to prove whether there were compliance with the extent laws.

One of the required documents is the receipt of payment which the lawmakers said was not attached to the documents submitted by the ministry in disregard to their request.

The committee in its resolution invited the Minister of Transport, Chief Executive Officer of Nigeria Railway Corporation and other relevant organisations to appear on their next sitting.

The chairman warned that the committee will not hesitate to invoke relevant constitutional provisions if any organisation fails to honour their invitation.

“As you may be aware, this committee will not hesitate to invoke the relevant constitutional provisions if any head of ministry, agency or department fails to honour the invitation of this committee.

“We can issue an arrest warrant and direct the relevant security agencies to bring such person here,” he said.

He noted that improper management of government assets through public Private Partnership and Concessions has been one of the major challenges in infrastructure development.

It would be recalled that the House of Reps through its resolution in Feb. mandated the committee on Public Assets and Special Duties to probe Public-Private Partnership initiatives and concession agreements across the country.

The committee noted that in spite of initiating several PPPs and concession programmes, the outcomes have been mixed, with some projects stalled and others failing to yield anticipated results.

Continue Reading

Trending