Abusiness magnate and Pro-Chancellor of Adeleke University, Ede, Osun State, Dr. Deji Adeleke, has explained the reasons the ongoing construction of a 1,250-megawatt power plant which cost $2 billion in Ajebandele village, Ondo State may be delayed for one year.
Adeleke one of the leading industrialists in Nigeria commenced the project a few years ago to complement the existing 4,000 megawatts of Nigeria.
Addressing the 9th set of graduates of Adeleke University Ede, Osun State, Adeleke disclosed that looters invaded the power plant site to steal components of the turbine machines which cost $ 5 million and may lead to delay in delivering the project in record time.

In his speech, entitled, ‘Change Begins with You’, Adeleke counseled that citizenship comes with responsibilities which will go a long way in nation building, saying, “Everybody must contribute its quota, by doing the right thing and then we will hold our leaders accountable.”

He said: “I am building a 1250MW power plant, Nigeria has about 5,000 MW, adding mine to it is a lot. The cost is $2 billion. We started it in a village in Ondo state. We brought in turbines that cost about $72 million
“The construction of the project engaged over 1000 people and at a minimum 200 to 300 people will come from that village, that is for direct employment not to talk of indirect. The few security that we engaged are to protect our engineers so that they will not be kidnapped so we need young men from that village to help us guide the power plant.”

”Last month, we discovered that some of the turbines have been broken into, some of the components built with copper have been looted, those components were yanked off in each of those turbines, these are heavy items that will require at least 10 people to lift single one. This means that somebody would have brought in a truck at night to carry those things away.
“The project will be delayed for another year to get those things they looted back. This is going to cost us a minimum of $5 million to replace. So can we blame our leaders for that? These are young peoples in their twenties that we employed. We have to sack them out of the plant and bring in securities from top agencies in Nigeria to man and take over the whole plant. I am sure that those things they looted, they won’t seek it for N5 million.”

Adeleke explained that he turned down an exemption letter from the United Arab Emirates(UAE) because the country had banned Nigerians from visiting the country.
“I buy a lot of spare parts from a company based in Dubai, so I was sent a letter that I will be given a special exemption to be visiting Dubai if I wanted to, so I told them that I am not interested, if Nigerians are not welcome to come to Dubai, why should I be happy to get an exception to go to Dubai, what is Dubai anyway?”

https://thenationonlineng.net/why-my-2b-power-plant-will-be-delayed-for-one-year-adeleke/

Adeleke is doing well for his people

👏👏

Adeleke should please make sure they rot in jail. You will also see these set of people complaining about politicians

Dey play

Lovely.

We need more of this in SW as the economy power of the nation that we are.


We are pacesetter for others.


Good one from Adeleke family

Gentle men don't make noise like Oga Atiku , the only perform wonders unlike .....

Anyway I hope I am safe, this one Google is showing I am in Bama Borno

jackcanfield:
Gentle men don't make noise like Oga Atiku , the only perform wonders unlike .....

Anyway I hope I am safe, this one Google is showing I am in Bama Borno

Your stupidity is too much

merit455:
Your stupidity is too much

And your wisdom is too little.

Why are we not seeing this in lagos and Ogun state where there is market

firstjoe:
Abusiness magnate and Pro-Chancellor of Adeleke University, Ede, Osun State, Dr. Deji Adeleke, has explained the reasons the ongoing construction of a 1,250-megawatt power plant which cost $2 billion in Ajebandele village, Ondo State may be delayed for one year.
Adeleke one of the leading industrialists in Nigeria commenced the project a few years ago to complement the existing 4,000 megawatts of Nigeria.
Addressing the 9th set of graduates of Adeleke University Ede, Osun State, Adeleke disclosed that looters invaded the power plant site to steal components of the turbine machines which cost $ 5 million and may lead to delay in delivering the project in record time.

In his speech, entitled, ‘Change Begins with You’, Adeleke counseled that citizenship comes with responsibilities which will go a long way in nation building, saying, “Everybody must contribute its quota, by doing the right thing and then we will hold our leaders accountable.”

He said: “I am building a 1250MW power plant, Nigeria has about 5,000 MW, adding mine to it is a lot. The cost is $2 billion. We started it in a village in Ondo state. We brought in turbines that cost about $72 million
“The construction of the project engaged over 1000 people and at a minimum 200 to 300 people will come from that village, that is for direct employment not to talk of indirect. The few security that we engaged are to protect our engineers so that they will not be kidnapped so we need young men from that village to help us guide the power plant.”

”Last month, we discovered that some of the turbines have been broken into, some of the components built with copper have been looted, those components were yanked off in each of those turbines, these are heavy items that will require at least 10 people to lift single one. This means that somebody would have brought in a truck at night to carry those things away.
“The project will be delayed for another year to get those things they looted back. This is going to cost us a minimum of $5 million to replace. So can we blame our leaders for that? These are young peoples in their twenties that we employed. We have to sack them out of the plant and bring in securities from top agencies in Nigeria to man and take over the whole plant. I am sure that those things they looted, they won’t seek it for N5 million.”

Adeleke explained that he turned down an exemption letter from the United Arab Emirates(UAE) because the country had banned Nigerians from visiting the country.
“I buy a lot of spare parts from a company based in Dubai, so I was sent a letter that I will be given a special exemption to be visiting Dubai if I wanted to, so I told them that I am not interested, if Nigerians are not welcome to come to Dubai, why should I be happy to get an exception to go to Dubai, what is Dubai anyway?”

https://thenationonlineng.net/why-my-2b-power-plant-will-be-delayed-for-one-year-adeleke/

Why no proper security for a project like that, its your fault an investment of that magnitude should be well protected, it will not cost you more one tenth of the cost of the parts stolen to get proper security for the plant.

He should have engaged the services of foreigners to execute his project. We Nigerians are never not sincere, always looking for loopholes. And his security architecture on the project is poor.

What benefits do those youths derive in stealing the turbine?

While someone is thinking of solution (job creation) others are thinking of how to destabilize the solution.

We just have to change our mentality in this part of the world.

Delta people Complain about not being employed by agip and Co is why they became militants.
Adeleke employed indigenes and they set him back another one year wit loss of $5million.
We are mostly the problem of ourselves...
We sacrifice our future for today's bread..

From this analysis, it will cost $2billion to built a 1250 megawatt power plant. So why can't Nigerian government divert the savings from subsidy removal to building more power plant so our electricity can improve and people won't need to buy as much fuel again. Most of the things we use petrol for can be powered by electricity, leaving just vehicles. Instead of distributing cash to people, which is the dumbest policy I have heard of in recent times, they could divert the savings from subsidy removal into power generation, which everybody will benefit from. If government outline how many megawatts they will add to the grid annually from subsidy savings, people won't be agitated as much. Infact they will appreciate the sacrifice they are making a lot more because they can see the gains. I wonder the type of economic guys around the President. It seems the president and his team weren't prepared for this assignment. There are no solid and well thought out plans on ground that shows convincing preparedness. All our politicians seem to be the same. No one seems to have that creative wand

Later, Nigerians will be blaming Dangote for employing Indians and other Nationals. Truthfully those people are more honest than Nigerians.
It's shameful that most Nigerians have high tendencies to steal if found in position to.


Tufiakwa!!!!!

merit455:
Your stupidity is too much

You don't blame that fellow because in his entire life, probably he may have not taken a trip outside his village/state

Tell him to visit Adamawa state to see Atiku's investments there

Counsel him more to always try to get out of his enclave and learn

Ikaeniyan0:
Adeleke should please make sure they rot in jail. You will also see these set of people complaining about politicians

fear this aboki people

Ungrateful people from that zone...Cowards,skull miners now energy thieves..

God help us

Ahmed0336:
Later, Nigerians will be blaming Dangote for employing Indians and other Nationals. Truthfully those people are more honest than Nigerians.
It's shameful that most Nigerians have high tendencies to steal if found in position to.

Tufiakwa!!!!!

Even Dangote that employed foreigners, if you know how much equipment Nigerians have stolen at the Refinery he's constructing.

Great one from the Adelekes.... Nigeria will be great in our lifetime.