Federal government, Lagos State government, Power generation, Electricity supply, Industries, Financing, Contracts, Negotiations, Independent power producers, Restructured national grid

PM News . 30 August 1999 . Pg 2

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The federal government has approved the Lagos State government's initiative to generate its own source of electricity, contrary to earlier claims that it did not approve the move. The Special Assistant to the Honourable Minister of Power and Steel clarified that the project will not cost the Lagos State or the Federal Ministry of Power and Steel a sum of N2.7 billion, as it will be fully financed by Enron International Inc. or selected independent power producers. The project aims to improve the operations of industries in Lagos, particularly in Lagos Island, Ilupeju, Ikeja, and Apapa, through the injection of emergency power.

Summary

Summary may not be accurate; generated by machine learning.

The federal government has approved the Lagos State government's initiative to generate its own source of electricity, contrary to earlier claims that it did not approve the move. The Special Assistant to the Honourable Minister of Power and Steel clarified that the project will not cost the Lagos State or the Federal Ministry of Power and Steel a sum of N2.7 billion, as it will be fully financed by Enron International Inc. or selected independent power producers. The project aims to improve the operations of industries in Lagos, particularly in Lagos Island, Ilupeju, Ikeja, and Apapa, through the injection of emergency power.