More
    HomeBusinessPresident Bola Tinubu Sets Ambitious Three-Year Deadline for 350MW Power Project

    President Bola Tinubu Sets Ambitious Three-Year Deadline for 350MW Power Project

    Published on

    By Daniel Edu

    President Bola Tinubu has issued a decisive directive to the Nigerian National Petroleum Company Limited (NNPCL) to expedite the completion of a crucial 350-megawatt power project in the Federal Capital Territory. The project forms a part of the broader 7,350MW Gwagwalada Independent Power Plant, considered pivotal to Nigeria’s economic progress.

    During the Presidential Groundbreaking ceremony in Abuja, Tinubu emphasized the significance of a robust power sector in driving the nation’s economy forward. The president highlighted that the establishment of this power plant stands as his administration’s primary bold initiative. He urged NNPCL and other pertinent agencies to ensure timely completion of the project within three years.

    Tinubu restated his unwavering commitment to enhancing the lives of Nigerians, pledging to eliminate obstacles hindering power distribution. His vision is to make electricity stable and universally accessible. The president referred to his campaign promises of positive change for Nigerians and declared that the early commencement of this project illustrates the administration’s determination to alleviate power-related challenges.

    Mele Kyari, the Group Chief Executive Officer of NNPCL, underscored Nigeria’s abundant natural gas resources, boasting over 209 trillion cubic feet of proven reserves and a potential of over 600TCF. He emphasized that the power project presents an opportunity for the country to capitalize on its rich natural gas endowment, thereby extending greater access to energy, fostering economic growth, industrialization, and job creation across the nation.

    Latest articles

    Engr. Sule Ahmed Abdul-Aziz Reappointed TCN MD, Earns Nationwide Praise for Power Sector Leadership

    The Senior Staff Association of the Transmission Company of Nigeria (TCN) has hailed the...

    Bandits kill five, abduct 22 in midnight attacks on Sokoto communities

    In separate midnight attacks on three communities in Sabon Birni Local Government Area of...

    “Five Things to Know About CBN’s New BVN Regulations Starting May 1

    The Central Bank of Nigeria (CBN) has introduced new Bank Verification Number (BVN) guidelines aimed at...

    “You Can’t Intimidate Your Way to Power”—Shettima Blasts Obidients, Peter Obi

    Vice President Kashim Shettima has said that no one can force their way into...

    More like this

    Engr. Sule Ahmed Abdul-Aziz Reappointed TCN MD, Earns Nationwide Praise for Power Sector Leadership

    The Senior Staff Association of the Transmission Company of Nigeria (TCN) has hailed the...

    Bandits kill five, abduct 22 in midnight attacks on Sokoto communities

    In separate midnight attacks on three communities in Sabon Birni Local Government Area of...

    “Five Things to Know About CBN’s New BVN Regulations Starting May 1

    The Central Bank of Nigeria (CBN) has introduced new Bank Verification Number (BVN) guidelines aimed at...