There is no budgetary provision for the construction of the 3,050 megawatts Mambila hydropower project, the Federal Government declared on Sunday in Abuja., just as it said the claims that the loan negotiations for the project had stalled since 2017 because of an attempt to utilize $600m (N219bn) from the project for an alleged pet project not hitherto considered by the Federal Executive Council were false and misleading.
The Minister of Power, Works and Housing, Babatunde Raji Fashola SAN, condemned reports suggesting that the project had been stalled, adding that the China Exim Bank would only disburse money for specific projects such as the Mambila power project after the conclusion of negotiations.
The Minister said: “Nothing is further from the truth than the claim that the loan negotiations have stalled since 2017 because of an attempt to utilize $600m (equivalent of N219bn) from the 3,050MW hydropower project for a ‘pet project’ not hitherto considered by the Federal Executive Council. There is currently no budgetary provision or cash provision of $600m or the N219bn in any budget of the Federal Government for the Mambila project”. “Therefore you cannot attempt to divert what does not exist”.
Fashola added, “For the avoidance of doubt, the China Exim Bank disburse money to specific projects and on conclusion of negotiations, the loan will be devoted to the construction of the Mambila Power Project, which has been on the drawing board for close to 40 years before the advent of the Buhari’s Administration, which is now working assiduously to get the project off the ground.” He said the allegation with regard to stalling the Mambilla project was untrue and baseless.
According to him, events and relevant facts would show that he first presented a memo on the Mambilla Power Project to the Federal Executive Council in August 2017. This, he said, was the first ever Federal Executive Council approval given to the Mambilla hydro power project in favor of a Chinese Joint venture. After which, he also accompanied the President twice to China on trips that had the project as one of the headline agenda.
The Minister further stated that in June 2018, he attended alongside officials of the Federal Ministry of Finance, a meeting of the China Exim Bank to negotiate the terms of the loan for the project further.
He said that just last week, after the Federal Executive Council Meeting, he briefed Nigerians about the approval of contracts for surveyors to demarcate the areas for the project. According to him, these were the first contracts to start preparatory work on the project after 40 years’ delay.
No amount of negative effort to distract, intimidate or threaten the Minister in the performance of his duties in line with the pledge of the present Government to the Nigerian people on the provision of adequate infrastructure in all relevant sectors of the economy will succeed
FASHOLA AT THE NIGERIA INDUSTRIAL POLICY AND COMPETITIVENESS ADVISORY COUNCILS STAKEHOLDER SESSION ON CRITICAL INFRASTRUCTURE
Hon Minister of Power Works Housing Mr Babatunde Fashola SAN left and Acting DGCEO Infrastructure Concession Regulatory Commission Engr Chidi Izuwah right during the Nigeria Industrial Policy and Competitiveness Advisory Councils Critical Infrastructure Stakeholder Session on Power Road Broadband at the KPMG Tower Victoria Island Lagos on Thursday 17th August 2017
FASHOLA RECEIVES GOVERNOR STATE OF OSUN MR ISIAKA GBOYEGA OYETOLA ON COURTESY VISIT IN ABUJA
Hon Minister of Power Works Housing Mr Babatunde Fashola SAN right Permanent Secretary Power Engr Louis Edozien left and Governor State of Osun Mr Isiaka Gboyega Oyetola middle in a group photograph shortly after a meeting on State of Osun s infrastructural development at the Ministry of Power Works and Housing Headquarters Mabushi Abuja on Monday 17th December 2018