Lagos State Governor Babatunde Fashola, yesterday, said the challenges facing the power sector could be solved in six months if the Distribution Companies (DISCOs) would yield some percentages of their concessions to the state government.
Speaking at the commissioning of the 1.2 kilometer Glover Road and 8.5 megawatts, Peninsula Integrated Power Project (PIPP) in Lekki, Eti-Osa Local Government Area of the state, the governor said: “Let the EKO DISCOs sign a contract with me, giving part of their concession to the state government. In about six to eight months, there will be power in all homes in Lagos State.
“So, let no one say that he has no money to deliver power for the entire country. This is the limit to which the law allows us to do, but we have done this to make a statement that power can be generated.
“So, when they come with lies that power is impossible, you can tell them that we have power here; we make it possible.”
According to Fashola, the new project showed that the money to improve the Nigerian economy is in the country, “since we don’t need the World Bank to come and do this for us.”
Fashola expressed fulfillment at the delivery of the project, despite the difficulties in getting to the finishing point.
Explaining the importance of the project, the governor said the project, courtesy of the state government, in partnership with PIPP and Heritage Bank, would help to provide power supply to power the Lagos State public water corporations in Lekki Phase 1, Oniru, Victoria Island and Ikoyi, as well as over 25km of public lighting in the Lekki axis.
Promoter of the project, Faruk Agoro, noted that the new IPP was an innovative idea of world-class natural gas-fired power generating facility, sold to the government by youths and it was bought into, to support government institutions, especially in the area of water supply and security.
Stage One is 8.5 megawatts, with the capacity for 30 megawatts. Lagos IPPs now have a total of 47 megawatts of electricity in total, powering public institutions around the state.