FG receives $500m investment to boost power supply in Ogun-Lagos industrial zone

Adebayo Adelabu, minister of power, says the Japanese International Cooperation Agency (JICA) has invested $500 million to boost power supply in Ogun and Lagos.

Adelabu spoke on Friday when Dapo Abiodun, governor of Ogun paid him a courtesy visit, according to a statement by his special adviser on strategic communication and media relations.

The minister described the agency’s investment as a boost to the Nigerian economy.

He said the gesture was meant to strengthen transmission infrastructure along Lagos-Ogun industrial corridor.

According to Adelabu, the investment will cover Agbara, Mowe, and Shagamu industrial clusters.

“We also have the Presidential Power Initiative (PPI) projects, the highlights of which include boosting power transmission infrastructure within and outside the Ogun industrial corridors,” he said.

“Also ongoing are some Transmission Company of Nigeria’s (TCN) projects aimed at enhancing power supply to Ogun.

“All these will involve building additional power transmission substations and upgrading existing ones as well as reconductoring existing weak high voltage power lines and new extensions for capacity strengthening and expansion.”

Adelabu urged Abiodun to collaborate with the ministry to impress on gas pipeline operators to improve the pipeline infrastructure passing through the state to boost the pressure quality and quantity of gas supplies to power plants and industries within the state.

The minister also promised to undertake an official visit to the state as requested by the governor to enable him to meet with the industrialists within the corridors for possible areas of cooperation and collaboration.

In his remarks, Abiodun applauded the minister for the “overwhelming noticeable” improvements in power supply across the country.

He also commended Adelabu on the ongoing turnaround being witnessed in the nation’s power sector and enjoined him to sustain the momentum, which he said would further galvanise the economy.

“I came to visit but I have to commend you for performing wonders in the power sector. It’s to encourage you to sustain the noticeable improvement,” the governor said.

“As part of my visit, I want to make a special appeal to you for special attention to further enhance power infrastructure and supply to Ogun which is a key industrial hub in the country.

“I am aware that since you assumed duty, you have visited some major industries and power plants in the state like Momas Electricity Meters Manufacturing Company, Coleman Wires and Cables and Splendor Electric, producers of Porcelain high voltage electric insulators.

“As well as the Olorunsogo Niger Delta Power Holding Company (NDPHC ) and Nigerian National Integrated Power Project (NIPP) power plant in Papa Lanto. However, we have a lot more to show you.”

Abiodun said the minister’s visit to Ogun would enable him to meet with industrialists in the state.