Edo State Gets $2 Billion In Investments. Expects $10 Billion More Due To Improved Power Supply

Improved Power To Attract $10bn Investment For Edo Govt

By Mohammed Shosanya

Nov 25, 2022

The Edo State will attract an additional $10 billion in domestic and foreign investment as a result of improved power supply in the state.

It has already attracted $2 billion in investment, mostly in the agricultural sector, expected to create many multiplier effects, including enhancing food production, supplying raw materials to industries, and creating additional employment opportunities, according to Special Assistant, SSA, to the Governor on Electricity, Mr. Osasumwen Arigbe-Osula.

He disclosed that Edo has been nominated as the best state government at the Nigeria Power Sector Awards, adding that Mr. Godwin Obaseki-led administration has taken bold steps to boost electricity in the state.

He said: “On 4th April 2017, Edo State Government (EDSG) executed a Power Purchase Agreement (PPA) with the Ossiomo Power and Infrastructure Company for at least 5MW of power. On 9th March 2018, EDSG applied to the Nigerian Electricity Regulatory Commission (NERC) for an Eligible Customer License.

“On 4th November 2018, NERC approved the EDSG application and declared 7 EDSG locations as Eligible Customers. The Ministry of Energy and Electricity was created in 2019 to execute the “Electrify Edo” project.

“Testing and certification of the Injection Substation at the Secretariat Complex, Sapele Road, and the 11KV network connecting EDSG offices by the Nigerian Electricity Management Services Agency (NEMSA) were completed in July 2020.

“The first power to the Injection Substation at the Secretariat Complex, Sapele Road was achieved on 8th October 2020. Twenty-four hours of uninterrupted power supply is being provided to crucial EDSG facilities and utilities i.e., Government Administrative Buildings, Health Care Facilities, Water Works, Schools, Courthouses, etc as well as Ologbo, the host community of the Ossiomo power plant.

“A 200km Street-lighting program covering the three Senatorial districts of Edo State commenced in April 2021. As of October 2022, 50km (40km in Benin and 10km in Auchi has been completed). An Edo State Electric Power Sector Reform Bill was developed and sent to the Edo State House of Assembly in March 2022.

“The Edo State Electric Power Sector Reform Bill was passed in September 2022 and it creates two statutory bodies – a Regulatory Commission to create a framework for a State Electricity Market and an Electrification Agency – to implement the State Electrification Fund in unserved and underserved areas.”

He maintained that these and others would culminate in Edo state emerging as the first state in Nigeria to experience 24 hours power supply.

He added: “The initiatives constitute the needed catalyst for rapid industrialization and improved security. They have the capacity to attract 1 billion dollars in Foreign Direct Investment, create 200,000 Direct and Indirect Jobs, and open new revenue sources, especially following the dwindling of allocations from the Federation Account Allocation Committee, FAAC.

The Edo State Governor had earlier said: “We are going to use the advantage that we have as a state, with access to reasonably cost fuel and encourage investment in generation, transmission, and distribution within the state. As a state, this is one promise that we made to our people, when we came to office in 2016, that we will continue to provide an enabling environment for businesses to thrive.”

https://independent.ng/improved-power-to-attract-10bn-investment-for-edo-govt/

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Commendable

Nigeria is rising. It's just a matter of time.

This is what Obaseki will be getting for good 8 years without commissioning a single project.

Even Ikpeazu the greatest failure to ever become a governor since 1999 commission center table to no nowhere, Yahaya Bello, Oyetola Fayemi all commission bridges how we go now say Obaseki de work for Edo.

Bridge road you know commission, you do gjost governor for 8 solid years.

Nice one...

Yes

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9ice
Meanwhile unknown gunmen is d only investment in some states

Improved Power ?

No allow any Edo person see these pure lies!

If you wan use media propaganda, use small sense na!
Edo State that has been in perpetual darkness?

And this takes us back to the question Edolites have been asking for weeks: 'where is the 13% derivation?'

So light is not on the exclusive list anymore ? And we still blame Buhari

Edo is blessed

NaMe4:
Improved Power ?

No allow any Edo person see these pure lies!

If you wan use media propaganda, use small sense na!
Edo State that has been in perpetual darkness?

And this takes us back to the question Edolites have been asking for weeks: 'where is the 13% derivation?'

it is true those government offices are getting 24hrs lights and some towns are getting at least between 19-23hrs

As for the improved electricity, yes that's true in Edo state in many areas.

But that $2bn investment is a hoax, because there's no infrastructure on ground anywhere in Edo state from Benin to auchi.

See the road they've been dualising since how many years??

He did well.in some areas, but in education, infrastructure and many others. He's a big failure.