President Goodluck Jonathan, yesterday, said he has approved the construction of two emergency power plants for Lagos State, to tackle the problem of power generation and distribution in the state.
Jonathan also said discussion was on-going between the Federal Government and the state government on the allocation of two of the five new rail corridors to the state in the actualisation of its Lekki Free Trade Zone, LFTZ.
The president who was represented by the Minister for Trade and Investment, Dr. Olusegun Aganga, disclosed this at the commencement of sixth Lagos Economic Summit, EHINGBETI 2012, with the theme 'From BRICS to BRINCS: Lagos holds the key.'
He explained that the Federal Government considered the projects very important because for the country to achieve its full economic potential, Lagos State holds a key role in that dream.
According to him, "as part of the Federal Government strategy to increase power capacity this year, we are working on two important power plants to be cited in Ijora and Egbin, Lagos.
"This is part of the Federal Government strategy to increase power capacity this year. And it is meant to give Lagos State an adequate and sustainable power supply.
Speaking earlier, Governor Babatunde Fashola of Lagos State said there was more that could be done by the Federal Government in its pursuit to reform the power sector, and attract private capital to the sector of the country, "just as we are doing in Lagos state."
According to Fashola, "I am convinced that steady power is possible as we have demonstrated with our three Independent Power Projects at Ikorodu, Akute and Lagos Island."
We are also currently pursuing that at the Secretariat, Alausa, Ikeja, Lekki, GRA, Ikorodu, Matori and Imota Industrial Schemes.
ML Metro: Jonathan approves two power plants and two new rail corridor for Lagos
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