Friday, 3 June 2011

Fashola Commends Fidelity Bank,For Offering 14mw

Governor Babatude Fashola
has commended Fidelity
Bank Plc for supporting the
Independent Power Project
(IPP) in the state, urging
other banks to emulate the
bank in the quest to develop
the country in general.
He gave the commendation
during the commissioning
ceremony of the Lagos Island
Power Project last weekend
saying, “ State and Federal
Government should create
enabling environment to
enable the private sector to
participate in developing the
economy. Once good
governance is in place the
private sector would be
ready to key in and take
advantage of opportunities
that will arise. ”
Governor Fashola also
disclosed plans by the State
to build additional 100 mega
watts in Lagos Island, to
further boost electricity
supply in the State.
While commissioning the
State ’s 14 megawatts Island
Power Project which was
financed by Fidelity Bank Plc,
Fashola disclosed that its
administration has
completed power audit for at
least 500 buildings on the
central business district of
Lagos Island in the axis of
Broad Street and Marina and
its immediate environs.
According to him, “Experts
have told me that it is
possible to deliver the
remaining 100 mega watts
in 24 months and the only
thing that stands on our way
is to get gas across from
Ijora to Lagos Island. There is
a group that has shown
interest, but whatever it
takes, we would ensure that
we take that gas across the
Lagos. ”
According to the Governor,
the state has received a lot of
entreaties to expand the
new Island Power Project,
adding that the State is
committed to doing so. He
emphasized that the
government would also
extend the project to other
parts of the state.
Continuing, he said, “it is not
the Island alone that we are
concerned, we are also
concerned about the whole
of Lagos, but this is where it
would be easy to start from.
This new plan will fully
power the Lagos High Court,
the Igbosere Magistrate
Court, the General Hospital,
and the Lagos Island
Maternity Hospital. Apart
from providing electricity
uninterrupted and in an
efficient manner, this new
plant will save Lagos state
about 46 per cent of its
revenue that it spends
currently on diesel and
“Secondly, it reduces the
emission and the noise and
perhaps, a very adverse on
the quality of our life and our
ultimate life expectancy. In
the short term, it will be
taking off at least 30
generators out of the system.
They will no longer
contribute to the noise and.
We have also commissioned
the power audit for Somolu.
We believe that with the
printing business in Somolu,
which for me is the capital of
printing business in Nigeria,
those entrepreneurs deserve
to be supported to reduce
the cost of their business, ”
Fashola explained.
In his remark at the
commissioning ceremony,
Managing Director/CEO,
Fidelity Bank Plc, Mr. Reginald
Ihejiahi commended
Governor Fashola for his
amiable and visionary
According to him, “
Governors of other states
should replicate what
Governor Fashola is doing in
Lagos. Once good
governance is in place the
government should be
assured that the private
sector would be ready to
commit resources to develop
the country.

No comments:

Post a Comment

u 're free to make comments,but pls make comments brief,straight and compossed.
The admin hides ur email,so u 're free to post ur comments.