Ogun signs MoU with British firm on power supply

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As a way of boosting the economy of the state, the Ogun State Government on Friday signed a Memorandum of Understanding with a British Power Firm, Konexa, so as to enhance electricity supply for companies operating in the state and to attract new ones.

The state Governor, Dapo Abiodun while signing the Mou with the British firm at his office in Oke-Moan, Abeokuta, said that increase in power supply to the state was long overdue because of the high number of companies existing in Agbara and other areas in the state.

Abiodun said that it had become imperative for the state as n industrial hub of Nigeria, to have constant supply of electricity for smooth operations of companies existing in the state and to attract foreign ones in order to improve the economy of the state.

He stated that there was a nexus between industrial development as large, medium and small scale businesses rely solely on power to thrive, noting that self sufficiency in electricity would encourage artisans to venture into small businesses which would in future boost the industrial capacity of the state.

The governor, while enumerating some of the steps taken to provide enabling business environment included re-engineering of infrastructure such as roads and housing, adding that the state was also making headway in Agriculture, Information and Communication Technology, ICT and Youth Empowerment.

“We are rebuilding our roads and providing affordable housing to our people and those who would want to come and invest in our State. Currently we are embarking on the construction of 2,500 affordable houses across the State. We are also going to construct 10,000 houses that would go for between N1m to N2m.”

“Our State is the largest producer of rice, cassava, poultry and even fish in the country. For us to harness all these potentials, we need adequate supply of electricity as this will encourage potential investors to come and invest in our State”, he said.

Abiodun, therefore, expressed optimism that the MoU between the State and the company would be mutually beneficial, as the state government was looking forward to tapping from its expertise for the good of the people of the state

Speaking, the British Deputy High Commissioner in Nigeria who led the company’s delegation, Mr. Ben Lienellyn-Jones, said the company was in the State to partner with government in the area of energy and power and other businesses to create jobs for the people.

He said the company was inspired by the vision and steps taken by the governor in liberalising the economy and providing a business friendly environment that support investors.

In his remarks, a Director in the Company, Mr. Joel Abrams, said the company would focus on making available 250 Megawatts of electricity to serve 50, 000 residents and companies at the initial stage and would be improved upon subsequently.

The Personnel Head, Ibadan Electricity Distribution Company, Mr. Ademola Adewumni, said that with the establishment of the company, there would be an improved and quality supply of electricity in the state, stressing that his organization would provide the needed support in the areas of supply and distribution of electricity.End.

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