The Federal Government on Monday said it would build two emergency power plants in Lagos to ensure adequate power supply in the state.
An Electricity Power Plant
President Goodluck Jonathan said this at the opening of the 6th Lagos Economic Summit tagged, “Ehingbeti 2012“.
Jonathan also pledged the resolve of the Federal Government to partner state governments and the private sector towards sustainable power/energy development, in what he believes would galvanise the economic and industrial growth of the country.
The president, represented by Olusegun Aganga, Minister of Trade and Investment, at the Summit with the theme, “From BRICS to BRINCS: Lagos Holds the Key”, which commenced at the Eko Hotel and Suites, also stated the determination of his administration to pursue its transformation agenda to full realisation, with focus on power, transportation and agriculture, as key areas.
He said plans were also in place to build a world-class commodity exchange, in order to encourage investment in agriculture through efficient pricing of agricultural commodities and higher incomes to farmers.
The president noted that given the centrality of Lagos to the overall economic prosperity of Nigeria, his administration was paying particular attention to the state, in terms of power generation, and in this regard, plans were ongoing to redevelop the Egbin power plant and build another such facility in Ijora, through Public Private Partnership (PPP) for which the output would solely be dedicated to serve the power needs of Lagos.
According to the president, specific efforts are being made to address the perennial traffic jams on the Apapa-Oshodi Expressway, through the ongoing reconstruction of the road which leads to the nation’s busiest seaports in Apapa and Tincan.
He disclosed that plans were on to build modern parks on the corridor, in partnership with the private sector, in order to address the present challenge, where trucks are left on the expressroad, thereby creating traffic bottlenecks and subjecting road users to great discomfort.
The president informed the gathering, comprising the local and international business communities, top government functionaries and investors, that partnership with Lagos was inevitable because the state accounts for 20.2 percent of Nigeria’s nominal Gross Domestic Product (GDP) and 50.7 percent of non oil GDP, and the highest level consumption in the country.
“We believe that the co-operation of Lagos and the Federal Government is key. We will be extremely supportive of Lagos and any state government” he said.
In the health sector, he said the focus was on the expansion of access to basic services, prevention, improved clinics, quality of care and enhanced participation of the private sector across the health value chain. “We have signed a Memorandum of Understanding (M.O.U) with General Electric to deliver new diagnostic centres and new greenfield hospitals in Nigeria,” he said.
Governor Babatunde Fashola, urging local and international investors to take advantage of the investment-friendly climate in Lagos, said the possibilities in the state were endless.
“We have seen them and we invite you to come along with us. We invite you to take advantage of the dynamic Lagos market opportunities in those critical “PATH” economic areas – power, agriculture, transportation and housing, to address the infrastructure gaps for our collective benefit.”