Queue at the filing station The President, Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
Ikeja Electric Plc has signed a Tripartite Interconnected Mini-Grid Agreement with Enaro Energy Limited and Ayobo community in order to boost supply of electricity in the state.
The idea would help in supply electricity to residents in areas such as Ishokan Phase1 Estate, Mercy Land Estate and Mercy Land Phase1 residents in Ayobo, Lagos State.
According to the company, the initiative is in line with the Nigerian Electricity Regulation Commission goal of improving supply of electricity in the country through partnerships between Distribution Companies and Independent Power generators.
Through the agreements, Ikeja Electric would be able to leverage on the Interconnected Mini-grid Initiative of the power sector to provide customers with enough electricity, the company said.
Speaking at the signing of the agreements, the firm's Chief Finance Officer, Seqinah Adewunmi said that the initiative is a landmark achievement in the sector, as it would enable the affected communities to access power without interruption.
Adewunmi represented the company's Managing Director, Mrs Folake Soetan at the event.
The development, she said, has shown that our customers can enjoy 24hours power supply, in line with the core mission of Ikeja Electric to be a major distributor of electricity in Nigeria.
She said that this initiative will set the pace for bigger things to happen as the plan is to expand to other communities within the Ikeja Electric Franchise area.
Similarly, the Managing Director, Enaro Energy, Oluwaseun Smith, was excited that the project has come to fruition.
He noted that the journey,which started about two and half years ago, has recorded success.
Speaking on behalf of the communities, Elder Lawrence said that they impressed by the level of commitments of Ikeja Electric and Enaro Energy to the project.
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