FG To Go Ahead With PHCN Assets Handover

Despite the threat of a nationwide strike by electricity workers come November the 1st, the federal government says it would go ahead with the physical hand over of the company’s assets to the new owners on that day.

The Permanent Secretary, Ministry Of Power, Mister Godknows Igali, announced this after a meeting with Vice President Namadi Sambo, on the power privatisation process.

He added that the federal government had made significant progress in the payment of the disengaged workers, saying 40,093 out of the 47,913 identified disengaged PHCN workers had been fully paid their entitlements which he put at 294.4 billion Naira.

It will be recalled that President Gooduck Jonathan had formally handed over the Power Holdings Company of Nigeria, PHCN, to private organisations that bought it, with a pledge that they would take over the companies without any liabilities.

The President who personally gave out the licenses and share certificates to the investors at the Aso Rock Villa stated that liabilities of the PHCN would be managed by Nigerian Electricity Liability Management Company, NELMCO.

Fashola Commissions Alausa Power Project

Lagos State Governor, Mr Babatunde Fashola (SAN) on Thursday commissioned the 10.6 mw Alausa power project that would power the entire State Secretariat, Alausa and Obafemi Awolowo Way.

The Governor who spoke during the commissioning of the Alausa power plant which was carried out in conjunction with Oando Gas and Fidelity Bank Plc., explained that several places and landmarks like the Carter bridge which was abandoned for many years because it was unsafe has now been lit and made safe.

He added that 12 streets have been recently lit up in Alimosho area and is already having enormous benefit because market women who usually close at 5 or 6 pm are now trading into the wee hours of the night, with sales already improved by over 50 per cent from what it used to be.

Governor Fashola reiterated that the solution to unemployment and creating improved economic situation lies in made  in Nigeria goods. He expressed happiness that the Alausa power project is another made in Nigeria project, delivered by a Nigerian government with two Nigerian companies using largely Nigerian personnel to solve a Nigerian problem.

“I see a lot of good coming out of the gloom and sorry stories. I see a lot of good. Those who continue to put our country down should continue, but some of us can see the Nigeria of tomorrow and it would not happen by magic but by hard work. Some of us, especially members of my team dared to dream and as long as they continue to dream we would deliver stuffs like this”.

“I welcome you all warmly to the first secretariat that would run its own power without diesel, but on natural gas and clean fuel in the Federal Republic of Nigeria. This could not have happened without Public Private Partnership (PPP). Go and check the balance sheets of Oando Gas and Fidelity Bank and the number of people they employ and you would see the gains of PPP”, he emphasised.

He added that the new Alausa power plant which will power all the offices in the Lagos State Secretariat would bring about efficiency in terms of the work output and lead to a resultant increase in productivity from the workers and the state economy.

Also speaking, the Group Managing Director and Chief Executive Officer of Oando Oil, Mr Wale Tinubu  said the new Alausa Power Plant will provide 10.6 Megawatts of electricity to the State Secretariat and will be powered by gas through an environmental friendly Lagos pipeline.