LAGOS – CHRIS Bale, chief executive officer of HoneyWell Group, says the company plans to invest over $1 billion in the execution of power
generation and transmission projects across
the country. Bale, who listed the states where the company is planning the investment to include, Lagos, Ogun and Bayelsa, said the Nigerian Electricity Regulatory Commission, NERC, had already issued his company licence to build a plant in Akute Oshun in Ogun State.
He said the project will be completed before 2014 and that power from the plant will cover Ogun, Lagos and other parts of the South- west. “We see the potential for the housing Project in Ogun state to be 500 megawatts, we are looking. at 100mw megawatts in Bayelsa State, we are looking at another 500mw plant closer home (Lagos)”, he stated. Bale said his company was discussing with the Bulk Trading Company as part of efforts to make the various power. investments a success.

http://sweetcrudereports.com/2012/08/13/power-honeywell-plans-1bn-investment-in-lagos-ogun-others/

The man behind the conglomerate, Oba Otudeko

Good one!

South West oni baje o,
How come dem jump my side?

Wow!!!! SW on the move..

NERC and Nigeria Electricity bulk trader Company has raised the confidence of the private sector in investing in the Nigerian electricity market..with the rate investments are pouring in,it won't be long Nigeria generation capacity will skyrocket..

Thumbs up GEJ for repositioning the Nigerian Electricity market...

awodman: NERC and Nigeria Electricity bulk trader Company has raised the confidence of the private sector in investing in the Nigerian electricity market..with the rate investments are pouring in,it won't be long Nigeria generation capacity will skyrocket..

Thumbs up GEJ for repositioning the Nigerian Electricity market...

Why is the SW the only region reaping most of the benefits from GEJ initiatives and not GEJ's strongholds in the SS and SE?

Obviously, what is going on in the SW goes beyond your GEJ fixations and attache by force syndrome.

Yorubest:

He is an Igbo man. His real name is Obaeze Otudekodinma.

He and his kinsmen are the ones developing Lagos

and yet the igbos are being chased away from lagos SMH

agbameta:



Why is the SW the only region reaping most of the benefits from GEJ initiatives and not GEJ's strongholds in the SS and SE?

Obviously, what is going on in the SW goes beyond your GEJ fixations and attache by force syndrome.

i guess geometrics power that is about to commision its ipp in aba this month which has been completed is in the sw.

We knw dat Ndigbo built Lagos. Eg the owner of HONEYWELL, Sir EzeOba Otudekonnamdi is investing over 160 Billion Naira for power generation in the southwest.

The region keeps developing at a fast rate despite being the base of the leading opposition party.

asha 80: i guess [b]geometrics power [/b]that is about to commision its ipp in aba this month which has been completed is in the sw.

Kill the attache by force abeg, what's IPP got to do with GEJ? Do you know the meaning of IPP?

In fact, what's GEJ got to do with this project? Abi no be Yaradua (RIP) flag off the Project.

Abeg clear road jooo...

amAZEing:
We knw dat Ndigbo built Lagos. Eg the owner of HONEYWELL, Sir EzeOba Otudekonnamdi is investing over 160 Billion Naira for power generation in the southwest.

You better shut ur mouth!!! Oba Otudeko is A yoruba man to the core!!!

DebohBaron:

You better shut ur mouth!!! Oba Otudeko is A yoruba man to the core!!!

By ur statement l assume u meant Sarcasm.

I guess this answers the question that was asked on the Ogun thread yesterday. More power for Agbara, Ikeja, Ilupeju, etc.

I'll also like to see investment in alternative sources of power. For example, is it possible to use the Great Wall of Lagos to harness wave power from the Atlantic to generate electricity? This will reduce dependence on natural gas.

Honeywell Flourmills Plc Expands To Ogun State;

THE inclement operational environment in Apapa, Lagos business district, currently being accentuated by perennial traffic gridlock, may have informed plans by Honeywell Flourmills Plc to relocate its plants to Sagamu in Ogun state. Specifically, the company noted that it was planning a bigger factory expansion as it had fully utilized the space allotted to it at the Tin Can Island Port in Apapa, Lagos. Speaking at the company’s yearly customers’ forum in Lagos, Wednesday, the Executive Vice Chairman/Chief Executive Officer of the company, Babatunde Odunayo, noted that the move became necessary in order to cater for the growing demand of its products as well as innovative enterprise in the years to come.
Odunayo said: “Due to the congestion and space constraint at Tin Can Island Port, we have acquired 64 hectares of land around the Sagamu interchange along the Lagos – Ibadan expressway. This vast expanse of land will be used for future expansion including new Pasta, Noodles, and Flour factories for increased production of all our products. The future, indeed, looks very bright for all of us to grow our businesses. “This expansion is therefore a further testimony of consumers’ confidence and wide acceptance of our products. We see this positive trend continuing and are very upbeat about the future growth and prospects for this. company. And we know you will support us to achieve this goal.”

http://web.ugometrics.com/honeywell-flourmills-plc-plans-to-relocate-to-ogun-state-blames-apapa-traffic-for-move/

There are many untapped yoruba big time industrialist and business men still seating on the fence. Many do not want to put good money after bad,
You also have so much untapped capital lying around..
Kase lawal,deinde Fernandez ,awosikas,odutola,folawiyo,Harry akande etc
These are rainmakers of the type that makes a country ,a country .
What the miracle financial firms did was to mobilise those capital and fleece people out of their money.
If these capital can be mobilised,I bet SW can become a middle income country within 10 yrs.
Lagos state and ogun state without the burden of NIgeria,are capable of attracting 15000MW of electricity in investment in 6yr.
That is why tinubu and other foremost yoruba nationalist insist on true federalism.
Only those who benefit from the current system and those who will lose out are afraid of it or against it.
If the diaspora can be mobilised,the sky is the limit.
We are not even talking about the tourism potential in places like badagry ,OGUN and ondo waterside.
That tourism aspect,as things are, cannot be harnessed until we become independent.
The lawlessness elsewhere will ensure it remains unviable.