FASHOLA SEEKS LEGISLATION FOR STATES TO GENERATE, TRANSMIT ELECTRICITY

In a bid to ensure that Lagos State attains its minimum electricity supply of 10,000 megawatts, Governor Babatunde Fashola has called for a legislation that will empower each state of the federation to generate and transmit electricity for the benefits of its citizenry.

Speaking at a Community Enterprise Development Conference held in Lagos recently, Fashola decried what he called federal government policies that are not effective, especially in the area of electricity generation.

He also indicated the readiness of the state government to partner credible investors in implementing a framework that will harness the state’s renewable energy resources.

The governor also called on investors to take advantage of abundant renewable resources like solar, biomass, wind, hydro and tidal waves with low greenhouse gas emission coefficients and primary energy factors.

According to him, this will ensure availability, accessibility and affordability to modern energy for economic and commercial activities.  

LAGOS EARNS MORE THAN NORTH-WEST, NORTH-EAST, NORTH-CENTRAL AND SOUTH-EAST COMBINED

Statistics have shown that Lagos state earns more Internally Generated Revenue than almost all the other geo-political regions combined.

This information was made available by Regional Coordinator for the British Directorate for International Development in Nigeria, Dr. Adesina Fagbenro-Byron.

Speaking at the South-West regional conference on ‘Internally Generated Revenue’ in Akure earlier in the week, Byron said,

“The South-West accounted for 44.3per cent (N926.6bn) of the total internally generated revenue of all the geo- political zones.

“The total internally generated revenue of the South-West between 2007 and 2011, which stood at N926.6b, was more than what the four zones of North-West, North-East, South-East and North-Central, which put together, had during the same period (N675.5b).

“Specifically, Lagos State’s internally generated funds are more than that of North-West, North-East, North-Central and South-East geo- political zones put together (24 states).

He said in respect of geo-political zones, the percentages of IGR to total revenue during the period 2007-2011 showed that South-West had 26 per cent; North-West, 11.6 per cent;  South-East, 10.9 per cent; North-Central, 9.8 per cent; South-South 9.5 per cent and North-East, 6.9 per cent.