Business is booming.

Tinubu Guarantees Stable Electricity for Industrial Clusters in Ogun State, Others

Yemi Olakitan

President Bola Ahmed Tinubu yesterday, gave investors assurances about his administration’s commitment to ensuring a sufficient supply of power throughout the nation, particularly in industrial clusters, with no conditions.

At the Agbara Business Roundtable, which was held in Agbara, Ado-Odo-Ota Local Government Area of Ogun State, Tinubu, who was represented by Vice President Kashim Shettima, stressed the importance of ensuring that foreign investors have access to sufficient power supplies to support their business activities.

He claimed that the industry’s power requirements would be satisfied despite the fact that some of the other countries to which Nigeria provides electricity are not paying.
Be aware that Nigeria provides energy to some of its neighbors, including Niger, Togo, and the Benin Republic.

The Niger Delta Power Holding Company (NDPHC) organized the roundtable as part of its Light Up Nigeria Programme to provide dedicated, reliable, and high-quality power to Nigeria’s main industrial and commercial areas.

Shettima expressed embarrassment over the Agbara Cluster’s reliance on external power supplies in addition to the national grid, but he also gave the assurance that the Federal Government, through the NDPHC, is committed to finding ways to make it so that clusters like Agbara can generate power for their various factories at a lower cost.

In the upcoming four months, the vice president, who also serves as the head of the NDPHC Board of Directors, assured that the Agbara Industrial Estate will have a reliable power supply.

“Be confident that we will meet your power demands, he stated, adding that there are no conditions. I believe we are providing Togo with 100 megawatts of power, but some of these countries aren’t even making payments to us. Why are we unable to donate to companies that will pay us? It is really an issue of economics; it is simple math.”

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