Eko Ni Baje O. Fashola Commissions Transformer Manufacturing Company (Pics)


















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Fashola Commissions Transformer Manufacturing Company
Urges FG to review tariff rate on transformer components[b]

Oct 19, 2010 - Lagos State Governor, Mr Babatunde Fashola (SAN) on Tuesday commissioned the first transformer manufacturing industry in West Africa, pleading with the Federal Government to consider a downward review of the tariff charged on the imported components used in the manufacture of transformers.[/b]

Governor Fashola who spoke at the transformer factory of El Sewedy Electrical Nigerian Limited, a joint venture between the Lagos State Government and the EL Sewedy Group of Cairo, Egypt, located at Toga-Zanmu in Badagry added that a downward review will encourage more investors like EL sewedy to invest in Nigeria.

The Governor said with the successful production of transformers in Nigeria by El Sewedy, it has been proved beyond reasonable doubts it is very possible to generate electricity locally in Nigeria.

The Lagos State Governor asserted that the time has come for proffering African solution to African problems, noting that the perseverance displayed by El Sewedy before the project came full stream might not have been possible with a foreign organization.

Governor Fashola said the fact that electricity has not failed in Cairo, the home base of the company where it plays a major role in the power sector, is a testimony to the capabilities of the El Sewedy company which is also present in many parts of Middle East and Africa.

"Let us begin to deploy African solution to African problems. There is no rocket science in what we have done. In many parts of the world transformer manufacturing is part of a cottage industry and it should not be different in Lagos or any other parts of the country".

"Regular and steady electricity remains the only missing infrastructure that is mitigating against the growth of the economy of this country and the actualization of the potentials of our people, their freedom from poverty and as long as we remain in Government here we commit to putting the misery of electricity behind us once and for all", the Governor said.

[b]Giving practical examples, Governor Fashola stated: "if you want to imagine how simple life would be with electricity, just think of how much extra you pay to grind pepper, how much extra you use to transport yourself, to get water supply and diesel to power your generator at home, you will realize that you will save more and be walking away from poverty with smiles on your face"

The Governor was certain that the administration will put behind the issue of shortage of electricity noting that the administration had a solid foundation to build on from the pioneering role played by the immediate past administration in the state which led to the breakaway from the former National Electric Power Authority's monopoly by delivering the first Independent Power Project in the country.

He explained that the present administration has followed on that first by delivering another Independent Power Project that has delivered 12megawatts to Adiyan and Akute waterworks as at today.

The Governor informed that the administration has not stopped there but has put another IPP on stream which hopefully by the first quarter of 2011 would have delivered another 15 megawatts that would supply electricity to the whole of the Central Business District on the Lagos Island.

Other benefiting areas according to the Governor would include the Lagos General Hospital, Island Maternity Hospital, State House, Lagos High Court and at least 30 streets which would be taken be off diesel power supply by the first quarter of next year.

He said the successes of the Asiwaju Bola Ahmed Tinubu administration, in which he also served, has challenged the present Government to intervene in the area of power distribution since the availability of power logically brings up the issue of transmission, taking it to the roads with cables, transformers and meters.

Governor Fashola said the next stage is to commit at least 20million US Dollars to the manufacture of meters and El Sewedy is interested in investing up to 100million Dollars in the generation of power.[/b]

He said the unveiling of the power sector reform by the Federal Government will even make things easier in the sector and provide the opportunity for the State to make the investment.

Commending the board and management of El Sewedy, Governor Fashola declared: "We will continue to work with you shoulder to shoulder to ensure that your partnership ideals and your investment intentions are realized for our mutual benefit and the benefit of our people".

"What has happened here is a simple manifestation of what can happen when a Government has time to plan and to implement the plan. It can only happen in a democracy. The idea did not start today"

In his words: "The first milestone is behind us. What was a dream has become a reality and it happened in less than two years. We are sure it is not rocket science. Our people are already employed here, not less than a 100 people are already working here".

He reiterated that the produced transformers are already strengthening the rural electrification programme of the State Government with the entire request for transformers in the state to be purchased from the factory so that the money, the economy and the jobs would be kept locally.

Governor Fashola said the factory and the whole economy of the area and even neighbours on the West coast of Africa will benefit from the infrastructure development which the State has committed to the area through many of the ongoing road projects like the Badagry Expressway and the Igbo Elerin road.

In her welcome address, the Special Adviser to the Governor on Commerce and Industry, Mrs Sola Oworu said the completion of the project is another manifestation of the successful collaboration with the private sector in project implementation.

He disclosed that the project is a joint venture between El Sewedy Group of Egypt(94.74%) and the Lagos State Government(5.26%) as equity contributions.

Whilst congratulating the people of Badagry on the project, Mrs Oworu said coupled with the on-going expansion of the Lagos- Badagry Expressway, the culturally rich and historically relevant town has been positioned for unprecedented growth in commercial activities.

Also speaking, the Chief Investment Officer of El Sewedy, Mr Mohammed Radwan said the successful completion of the project is an example of mutual cooperation and hardwork .

He informed that the company is planning to invest about 100 million dollars in electricity generation through production of electric meters.

Mr Radwan said El Sewedy enjoys over 70 years experience of producing quality energy products across the globe and does not consider itself as a foreigner anywhere in Africa.

He was certain that the company is in Nigeria to provide job opportunities and transfer technology, explaining that the company saw the opportunity and accepted the challenge to do what it takes to achieve the determined goals.

The Governor cut the tape to commission the factory before undertaking a guided tour of the facility with some of the dignitaries.

Prominent among those who were present at the event were the Deputy Governor, Princess Sarah Adebisi Sosan, members of the State Executive Council, members of the Legislature at both the State and national levels, Chairmen of Local Government Council and Development Areas, traditional rulers like the Oba Akran of Badagry, Aholu Menu Toyi I, the Egyptian Charge D'Affaire, Sherif –Elleithy and other dignitaries.






Eko o ni baje o,

Eko O oo Ni baje lae lae

now this is what I'm talking about!

Fools.

Reduce tariffs on imported parts or on electricity bills?

Classic white elephant projects.

excanny:

Fools.

Reduce tariffs on imported parts or on electricity bills?

Classic white elephant projects.

Are there in Nigeria Independent states?

Does any state in Nigeria has its own law?

Does Each State have its own Sea Port and Security System?

Can Each state determines the price regime of its market products?

If you can answer these, I will know whether to categorise you to the FOOL or the WISE groups.

Try and appreciate some good work for once. Well done BRF.

Lagos roads are getting worse by the day. BRF Please do something about it. Right here in VI at bunny camp very near Fashola's house, some pot holes that should not even cost 200k cause massive traffic buildup every evening after work. let him take care of these little little but very necessary things first.

THANK GOD!!!

excanny:

Fools.

Reduce tariffs on imported parts or on electricity bills?

Classic white elephant projects.

Y? how is it a white elephant project?

jason12345:

Y? how is it a white elephant project?

What plans are there to make electricity tariffs more affordable to the average person?

excanny:

Fools.

Reduce tariffs on imported parts or on electricity bills?

Classic white elephant projects.

Classic white elephant project? Is the factory not going to employ people? Production costs (in theory) will be minimized as the transformers are maufactured in house.

And when you reduce the price of importing components, does that not led to reduced transformer production costs? Does that then not lead to reduced transformer prices? Does that not help in reducing the cost you pay to have electricity?

And you call others fools?

excanny:

Fools.

Reduce tariffs on imported parts or on electricity bills?

Classic white elephant projects.

[size=14pt]It could be better for some people not to have posted any comment at all or just look the other way than to show off their ignorance. The above post shows that our friend did not attend simple Economics class in Secondary School. I am very sure if he does that he would have known than lower traffics on imported input that goes into production will bring about lower cost of production, reduced price of the output, high profit, more people will be employed due to expansion and overall electricity charges will be reasonable, i said reasonable i didn't say cheaper.

Why do you have to tag this "Classic white elephant project". I guess this term is a new phrase you just come by and you want to express it even if it doesn't fit into the context of the argument.

Guess what? You are the Fool not Fashola.

Oga Fashola, you have changed my mindset, you gave me hope that this country can still revive her glory. You made me believe that there are still highly intelligent people in Nigeria. Keep the good work.

Cheers.[/size]

excanny:

Fools.

Reduce tariffs on imported parts or on electricity bills?

Classic white elephant projects.

Don't you have to generate the electricity first before you can reduce the bills?

Always think before you type, not type first and think later.

I have one phrase for all y'all. YOU ARE ALL LOVELY SYCOPHANTS.

If you cant stand criticism of your hero, go hang.

excanny:

I have one phrase for all y'all. YOU ARE ALL LOVELY SYCOPHANTS.

If you cant stand criticism of your hero, go hang.

You are a slowpoke. Criticism just for the sake of it is retarded. If your answers to replys on your opinion are insults, you can kindly go to hell.

I dont understand why ppl that hate nigeria log on to this site making demands from politicians that dont visit the site. then when the politician by coincidence does everything they ask for like Fash, they still hate him and hate Nigeria


i hate bitter leaf. If there was a bitterleadland.com i wouldn't visit it.
but you guys hate nigeria and visit nairaland.com for YEARS and compile THOUSANDS of posts.

it's a mental problem.

excanny:

I have one phrase for all y'all. YOU ARE ALL LOVELY SYCOPHANTS.

If you cant stand criticism of your hero, go hang.

oh boy, relax! eh

BRF for president, I love this man,

excanny:

I have one phrase for all y'all. YOU ARE ALL LOVELY SYCOPHANTS.

If you cant stand criticism of your hero, go hang.

It's OK to criticize, but it's dumb and pointless to criticize blindly and till refuse to explain to us why this is a white elephant project or why your criticism should be discussed or addressed.


Don't blame other people for your inability to express yourself intelligently,

eko o ni baje ooo lai lai :d :d :d :d :d

Nice one, see as ODA dam water just dey waste, oga Goodluck, can you make use of the dam for electricity?

I applaud BRF's efforts, but he is going to have other unforeseen problem with over crowding as a lot of the citizens living in the surrounding states (Oyo and Ogun) that are being run by inept and corrupt politicians will flock to Lagos. The reverse is true of almajiris and armed robbers who have started to leave Lagos for other states

the federal govt announced of importing plastic gabage for Abuja
everyone complain bitterly that that doesn't encourage manufacturers in our country so therefore doesn't create jobs

now we  having a company that will produce transformer and create job here in Nigeria you people still complain
what the Bleep do we  want?,nigerianssssssssssssssssss

If we have Governors like BRF in other states Nigeria would have developed more than this.
We would have had more stuff to show to the world than just the cake on Independence day.

I hope all other governors and even Mr president are learning from this young man, Pls tell them all to emulate good thing for once.

Eko o ni baje, O baje ti

This man is a very pragmatic leader.

@yemi313

Power - Checked!
Infrastructure - Checked!
Education - Checked!
Agriculture - Checked!
Transportation - Checked!
Good Government - Checked!
Going Green - Checked!
Attraction of Foreign Investment - Checked!

you forgot to put a check on Security

YoungBrain:

you forgot to put a check on Security

yes o, thieves don run comot for Lagos lol, only the stubborn ones remain.

Fashola for president ASAP biko! !
That man has vision.

What a breath of fresh air.
Praise be to the Lord! !


I dont know what to say to anybody that does not see the advantages of locally manufacturing
transformers as against importing them.

hackney:

Fashola for president ASAP biko! !
That man has vision.

What a breath of fresh air.
Praise be to the Lord! !


I dont know what to say to anybody that does not see the advantages of locally manufacturing
transformers as against importing them.

tell him to go and hug the imported transformers

@ exconvict/excanny or whateva your f--king name is

Tell the chief of your village they can achieve the same goals and stop hating on Lagos you tribalistic retarded goat

Tcrack:

tell him to go and hug the imported transformers

had an epiphany today:
i'll not swear or show aggression to the best of my ability.
The joy of the lord is my strength.
Remain blessed.