Categories: Economy

FG To Concession 6 Hydro Dams – Fashola

The Federal Government has announced that it had completed arrangements to concession six hydro dams to private operators under a build, operate and transfer, BOT, scheme.

Minister of Power, Works and Housing, Mr. Babatunde Fashola, who disclosed this during the 29th Power Sector Stakeholders’ meeting in Minna, Niger State, said the step was aimed at energising educational institutions and markets in the country.

Fashola said “We proposed to use six small hydro dams that had been abandoned for decades to power Federal Government owned universities and some markets as anchors. Apart from the universities, where government is directly funding the intervention, the markets are being privately funded.”

“There are currently 15 markets under contemplation with Ariaria, Sabon Gari and Sura markets in Aba, Kano and Lagos as flagships. The six hydro dams are to be concessioned to private operators to build, operate, and transfer,” he added.

Recent Posts

Harsh Economy: Nigerians React As President Tinubu Spotted With Over 60-Vehicle Convoy In Lagos

In a video making waves on social media platforms, Nigerians have reacted with mixed feelings…

7 hours ago

Man Arrested For Insulting President Tinubu, Sanwo-Olu, IGP

A popular Nigerian TikToker identified simply as Seaking has been arrested by operatives of the…

13 hours ago

The Longest Prison Sentences Ever Served

Throughout history, some individuals have endured extraordinarily long prison sentences, with their stories reflecting the…

14 hours ago

Families Call For Help As DSS Arrests Lovers In Osun Community

There is growing tension in Modakeke, Osun State, following the alleged arrest of two lovers,…

18 hours ago

Ibadan Stampede: I Regret Not Heeding Spiritual Warning – Woman Who Lost Two Kids

A victim of the stampede that occurred in Ibadan, Oyo State capital, which has claimed…

18 hours ago

Trending Stories In Osun Today

The vibrant Osun State is no stranger to captivating events and headlines that draw attention…

18 hours ago

This website uses cookies.