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LASU to Enjoy Uninterrupted Power From 2020 as Trans-Atlantic Energy Team Visits Management to Concretize IPP Arrangement

Barring the unforeseen, the Lagos State University Main Campus, Ojo, will start enjoying 24hours uninterrupted power supply from the First Quarter of the Year 2020.

This much was established on Wednesday, 6th November, 2019, when the Management of energy firm, Trans-Atlantic Energy Group, met with the Management of Lagos State University, Ojo, at the Vice Chancellor ‘s Conference Room to further an ongoing discussion on the building of 10 megawatt Independent Power Project (IPP) on the Main Campus of the institution.

The Independent Power Project, a Lagos State Government initiative aimed at generating constant power supply to LASU Ojo Campus and selected Lagos State Government Establishments with close proximity to the University Campus, was first mooted under the administration of Former Governor of Lagos State, Mr Babatunde Raji Fashola, SAN.

Determined to actualize the laudable project, the administration of Mr Babajide Sanwo-Olu has recently green-lighted a resuscitation of the project, culminating in a series of actions and discussions by the relevant stakeholders, one of which is the meeting of Wednesday.

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The Group Managing Director & Chief Executive Officer of Trans-Atlantic Energy Group, Dr. Akin Awodeyi Akinsehinwa, in his remarks, assured that the Project is a win-win situation for both parties as the Company intends to engage the Engineering Students of the University in the practical aspect of generation and distribution of Electricity as part of its Corporate Social Responsibility (CSR) to the University, to enhance their knowledge and future of power generation in the Country.

Trans-Atlantic Energy is handling the project.

The Vice Chancellor, Prof. Olanrewaju Adigun Fagbohun, SAN, on his part noted that the meeting was a historic one and few months from now, the dividend would be evident.

He further assured the Company that the University is a willing partner and will continue to actively engage and follow-up with the Government and the concerned Ministry on the Project to ensure it’s fruition.

Furthermore, Prof. Fagbohun, SAN, noted the vision of the University Management for the university to be a 24/7 hub for activities with the drive to be a reference point for innovative and scholarly research, a vision to which the IPP project is critical.

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The meeting also had in attendance from Lagos State University Prof. Oyedamola Oke (DVC, Administration), Mr Olayinka Amuni (Registrar), Mrs Anat Adesunkanmi (DR, VCO) and Mr M.K Balogun (SAR, VCO).

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Police Arrest Former Lagos Gubernatorial Candidate over Funke Akindele-Bello Party

Former gubernatorial candidate in Lagos State, Babatunde Gbadamosi, has been detained by operatives of the Lagos State Police Command for allegedly contravening lockdown order declared by the State Government to curtail coronavirus spread.

Gbadamosi was detained after being spotted in a viral video attending a birthday party organised by Nollywood actress, Funke Akindele-Bello for her husband, Abdul-Rasheed Bello, held in Amen Estate, Ibeju-Lekki axis of the state.

A police source at the command headquarters revealed that Gbadamosi has been detained and may not be released by the law enforcement agency for engaging in an act that was at variance with the law.

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COVID-19: Buhari approves recruitment of 774,000 Nigerians

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says President Muhammadu Buhari has approved the engagement of 774,000 Nigerians on Special Public Works programme in the country to cushion the effect of COVID-19 pandemic.

Mrs Ahmed disclosed this at a press conference on fiscal stimulus measures in response to COVID-19 pandemic and oil prices fiscal shock, on Monday in Abuja.

She explained that 1, 000 people were expected to be recruited from each of the 774 local government areas in the country.

According to her, the sum of N60 billion for allowances and operational cost has been earmarked from the COVID-19 crisis intervention fund for the initiative.

She disclosed that President Buhari had previously approved a pilot special public works programme in eight states to be implemented by the National Directorate of Employment, NDE.

She added that Buhari had now approved that this programme be extended to all 36 States and the FCT from October to December 2020 and the selected time-frame was to ensure that it was implemented after the planting season.

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“The Federal Ministry of Finance, Budget and National Planning is also evaluating how best to extend the Special Public Works Programme, to provide modest stipends for itinerant workers to undertake Roads Rehabilitation and Social Housing Construction.

Ahmed said: “And also Urban and Rural Sanitation, Health Extension and other critical services. This intervention will be undertaken in conjunction with the key federal ministries responsible for Agriculture, Environment, Health and Infrastructure, as well as the states, to financially empower individuals who lose their jobs due to the economic crisis.

“Mr. President has approved the establishment of a-N500 billion COVID-19 Crisis Intervention Fund. The establishment of the Fund will involve drawing much-needed cash resources from various Special Funds and Accounts, in consultation with and with the approval of the National Assembly.

“The N500 billion is proposed to be utilized to upgrade healthcare facilities as earlier identified by the Presidential Task Force on COVID-19 and approved by Mr. President.

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“This will help to finance the Federal Government’s Interventions to support states in improving healthcare facilities, finance the creation of a Special Public Works programme and Fund any additional interventions that may be approved by Mr. President”.

The minister noted that although similar challenges were experienced in 2008/2009 as well as in 2015/2016, Nigeria had considerably lower fiscal buffers now than in previous economic downturns.

According to her, the decline in international oil prices and domestic production may be magnified if a severe outbreak of COVID-19 occurs, despite ongoing efforts to curtail the spread of the pandemic through compulsory lockdown of Lagos and Ogun States, as well as the FCT.

The minister said to directly address these health and economic challenges, the president approved the Fiscal Stimulus Package among others as part of an Integrated Policy Framework to ensure that Nigeria’s healthcare system, fiscal position and economy were sufficiently supported to weather these shocks.

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