₦airaland Forum

LASG TO SET UP FIVE ADDITIONAL HUBS FOR ALTERNATIVE POWER SUPPLY

… Receives Over N3.78bn As Oil Derivation

As part of measures to sustain its drive for an effective 24-hour economy, the Lagos State Government has concluded plans to set up five additional power hubs across the metropolis in a bid to give residents other alternative sources of clean energy.

The state government said that these additional power hubs earmarked would complement the six solar POCs (Proof of Concept), giving Lagosians a better alternative to power supply across Lagos.

The Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, who disclosed this on Wednesday during the 2024 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, Ikeja, stressed that renewable energy is the cornerstone of the government’s clean electricity plans for Lagos.

Ogunleye added that there are plans to develop One Gigawatt of grid-scale solar energy capacity for the clean Lagos electricity market and over 10 sites considered for the project including Egbin thermal plant site, Ikorodu, Badagry, Agbara, Ogudu and others.

Aside from this, the Commissioner further disclosed that the administration of Governor Babajide Sanwo-Olu has distributed over 10,000 gas tubes to petty traders to reduce their dependence on firewood and other unclean sources in Lagos.

He said: “We have distributed over 10,000 gas tubes to the residents to abandon other unclean energy. We believe that this source is better and healthy for the traders and other Lagosians patronising them”.

“While we are encouraging this, the government will be intensifying enforcement to curb haphazard establishment of gas plants and shops in the state. This is to ensure that everyone adheres to safety”.

The Commissioner revealed that the Lagos state government would be partnering with the Federal Government to ensure both gas and fuel stations do not cause harm to the people in the state. We want to ensure that our people are safe in Lagos”.

Ogunleye stated that the government would be embarking on other research works to discover new mineral resources that could boost Lagos’ revenue annually.

He noted that the oil discovery in Lagos has assisted the state to join oil producing states and receipt of derivation from the Federal Government.

He said: “Between 2018 and 2019, the state government received from the Federal Government N131 million as part of oil derivation. Also, within 2020-2021, the Lagos state government received N3.78 billion.

“However, presently, the owners of the assets have been having issues among themselves. And as long as they could not produce, there would be no money for Lagos. The state government is engaging them to ensure that they return to the field. And we hope that before the end of the year, they will find new technical partners and they can go back to production”.

Adiola:
I'm.yet to see any drilling from this state , I repeat Lagos has nothing aside population

naptu2:
Chief Wahab Iyanda Folawiyo, the Baba Adinni of Nigeria


The late Baba Adinni of Nigeria, Chief Wahab Iyanda Folawiyo, was a member of the donation circuit. He was one of the wealthiest Nigerians of the 1970s, '80s and 1990s and he donated enormous sums of money to charity. He also had a noticeable impact on the development of Lagos State, both through his business activities and through his philanthropy.


Chief Folawiyo attended the University of North London in 1951, where he read Management, specialising in Ship Brokerage. In 1957, he founded Yinka Folawiyo & Sons, which has become the parent company of the Yinka Folawiyo Group of Companies. The group imported cement and sugar from the former Soviet Union, then later introduced building materials from Romania and Bulgaria into the Nigerian market. In 1967, the firm was incorporated as a limited liability company. When Folawiyo and Sons' revenues increased, the firm began chartering vessels to bring in commodities including cement, building materials, frozen fish and fertilizer.


Shipping

To provide logistics support for the firm's trading operations, the group established Maritime Associates (International) as a vessel chartering, clearing and forwarding company. The company was later invited to bid for shipment of agricultural produce from Nigeria to Europe. In 1972, the group established Green Lines shipping company when demand for chartering of ocean liners increased. M.V. Ahmodu Tijani, a 10,826 dead-weight ton carrier was purchased in 1973 as the first ocean liner. By 1980, the firm owned six vessels and had joined the UK/West Africa Lines Joint Service and the Continental West Africa Conference. In the 1970s, regular service was provided between Hamburg/Antwerp and Lagos. The firm later acquired M.V. Bello Folawiyo and M.V. Yinka Folawiyo in the mid 1980s.

Trans-Atlantic International Lighterage was established in the 1970s, it operated within the Lagos Port Complex providing lighterage service with the use of pontoons and barges.

This (shipping) was the business that Folawiyo was most famous for.


Other businesses


In 1971, the United Property Development Company was founded as a real estate investment vehicle. The Nigerian Spanish Cement Company was founded as a bulk cement bagging operation with its own deep water berth. The firm also invested in farming projects across the country including a rice farm in Rivers State which was established as a cooperation between the group and the Rivers State government. The firm also owned farm estates in Oyo involved in livestock and cultivation of fruits.


Electricity and the Lagos Power Project

In 1999, Yinka Folawiyo Power, a subsidiary of the group entered into a partnership with Enron for the development of an independent Power Project. This was the first privately funded power project in Nigeria since the country's independence and after legislation liberalized the sector in 1998. The 270 MW plant became operational in 2001, by then Enron had sold its remaining equity to AES and the Folawiyo Group.

The power plant is located on a barge which is moored off the shores of Ikorodu, near the Egbin Power Station. It is a thermal power plant and it receives gas from the Escravos-Lagos pipeline system. At the time only the National Electric Power Authority (NEPA) was permitted by law to sell electricity to consumers. The Lagos State Government said that it had a deal with NEPA that the power that was generated on the barge would be distributed in Lagos. However, the power was actually fed into the National Grid when the plant became operational.


Crude oil and the Lagos Aje Oil Field


In 1982, the group incorporated a natural energy company, Yinka Folawiyo Petroleum, to focus on gas recovery and gasoline sales. In June 1991, the company was granted an Oil Prospecting License (OPL) 309 as a Sole Risk Contract under the Nigerian government's Indigenous Allocation Programme, put in place to encourage the development of a locally owned and operated Nigerian upstream Oil industry.

Yinka Folawiyo Petroleum owns a 60% interest in the Aje Oil and gas field on OML 113, 24km offshore of western Nigeria. The field is located off the coast of Badagry in Lagos State.

In 2016, Yinka Folawiyo Petroleum announced its first production of crude oil from the Aje Field, the first producing field outside of the Niger Delta in Nigeria.


As a result of the good standing of the company and its commitment to develop the gas potential of the field, the authorities renewed in August 2018 the OML 113 license for a further period of 20 years.


Video: The managing director of the Folawiyo Group, Mr Tunde Folawiyo, visited Governor Akinwunmi Ambode at Lagos House Marina in 2016 to inform him that production had started at the Aje Oil Field and that Lagos had become an oil producing state.


https://www.youtube.com/watch?v=a-TC1UGBDDA


An overflight of the Aje FPSO (Floating Production Storage and Offloading facility).

https://www.youtube.com/watch?v=SgbOdwk84dA


Century Aje

https://www.youtube.com/watch?v=JQWXtLcg3PE



Folawiyo Energy is a midstream Oil and Gas Company focusing on delivering storage solutions for refined fuel products through its privately owned deepwater jetty in Lagos, Nigeria.


Enyo Retail & Supply was established in 2016, following the growing liberalization and evolution of oil and gas industries in Nigeria. It owns a chain of fuel stations across the country.


Philanthropy

Chief Wahab Iyanda was a member of the Donation Circuit.

[quote author=naptu2 post=69122609]The donation circuit was not a formal organisation, but it’s the way that I refer to a phenomenon that occurred in the late 1980s and early 1990s (the Babangida era).

Some of Nigeria’s wealthiest men were often invited to specific events in which they donated large sums of money. These events included fund raising in churches and mosques, university convocations, book launching and fund raising activities by universities, secondary schools, community development associations and charities.

It was usually the same set of people that were invited to these events. The president was usually the special guest of honour (when he was invited), the governor was usually the chief host, the head of the institution was usually the host, Chief Abiola was usually the chief launcher and other members of the donation circuit were usually special guests.

There was a day that I watched the 9 o’clock news and there was an advert for one of these events and the invited guests were listed. There was another advert immediately after and the list of invited guests was almost exactly the same as the list in the previous advert.

ishod:
God bless Lagos state

naptu2:
Picture 1) Princess Abba Folawiyo.

Picture 2) The former assistant secretary for African affairs, Linda Thomas-Greenfield, visited the AES Barge power plant. Mrs Thomas-Greenfield is now the US ambassador to the United Nations.

Picture 3) Enyo Filling Station

Picture 4) Aje FPSO

phemmie06:
God bless you Adiola though you couldn't spell your name right.

Have you moved across the state?

doggedfighter:
To set up

Sheuns:
The government should do well to install street lights on the expressways. Driving at night is dangerous in most parts of Lagos due to lack of street lights.

During Ambode and Fashola’s time there was adequate street lighting.