Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


US consortium to construct Bayelsa power plant

17 June 2014, 14:51Henry Ifeanyi

Lagos  - A United States consortium, Team Africa has signed an agreement with the federal government to build a 400 megawatt power plant in Bayelsa State.

This is poised to tackle the epileptic power situation in the country.

Minister of State for Power, Muhammed Wakil, said that the federal government and the Bayelsa State government were already working together to provide the necessary assistance for the project to kick off.

He said that the consortium will solely finance the project while the federal government and the Bayelsa State government will provide the site and security for the gas-fired plant, which is set for completion in 14 months.

Wakil also noted that government was already working with relevant regulatory agencies to sought out issues that may hinder the quick completion of the project.

Wakil stated that Nigeria’s legal environment was conducive for investment.

“Nigeria’s population of over 170 million people is a comparative advantage whenever investment decisions are being considered.

Also, the nation’s legal environment is protective of investment and the government has demonstrated the political will to drive investments,” he said.

The leader of the American team, Roy Yeferez, said that the investment decision, which would boost the nation’s power sector, was an offshoot of the recent visit by Wakil to the United States.

According to Yeferez, on the invitation of the Obama Power Africa Initiative, Wakil had convinced the investors that Nigeria was the best investment destination in Africa.

He said that the consortium was ready to assist Nigeria to overcome it power woes.

“There are also plans to increase power generation from the proposed plant to between 500MW and 600MW in the next four years. We are prepared to assist Nigeria with power generation," he added.

He said the paltry generation put at about 4 000MW is abysmally low to cater for 170 million people.

"At least, the country requires 30 000MW now.”

-       CAJ News

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...