GOVERNOR MBAH INAUGURATES STATE-OWNED MEGA ASPHALT PLANT IN ENUGU

download 93

GOV MBAH INAUGURATES STATE-OWNED MEGA ASPHALT PLANT IN ENUGU

Enugu State governor, Peter Mbah has commissioned an asphalt production plant built by his administration In furtherance of his campaign promise to construct 10,000 roads in eight years.

Inaugurating the plant Thursday, Mbah said the state would also produce the inputs for asphalt production, noting these moves would drastically reduce the cost of road construction for the state.

“The asphalt production plant is designed to produce 160 tons of asphalt per hour,” he said. “For context, it will produce 2.5 tons every minute and 160 tons per hour,”.

Speaking further, he said “What it effectively means is that if we decide to work 20 hours in a day, we can produce 3,200 tons every day. This is not seen anywhere in the South East,”.

He noted that his administration will also inaugurate a plant where the stones needed to feed this plant will be mined and crushed.

“It is our hope that we are going to start the exploration of bitumen in the state because we are also blessed with bitumen. So, in a few years time, we are going to be able to produce the bitumen that will feed this plant. It means that we will get the bitumen here, get the stones, and sand so that everything is made in Enugu,” the governor said.

  • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

    Related Posts

    VEHICLE FLEEING KIDNAPPERS PLUNGES INTO RIVER, EXPATRIATE, OTHERS MISSING

    VEHICLE FLEEING KIDNAPPERS PLUNGES INTO RIVER, EXPATRIATE, OTHERS MISSING A Hilux Van carrying two company workers, including an expatriate, has plunged into the Okulu river in Rivers State. The incident happened while the driver was reportedly trying to escape from kidnappers who targeted the van along the Eleme section of the East-West Road. Our reporter learnt that the vehicle lost control after the suspected kidnappers attempted to stop it. Eyewitnesses said the vehicle and its occupants were still trapped in the River on Tuesday afternoon, though frantic efforts were made to rescue them. The Chairman of Eleme Local Government Area of the State, Hon. Brain Gokpa, had mobilised a rescue team to the scene on Tuesday, Gokpa who confirmed the incident called on the operatives of the Nigerian Navy and rescue agencies to assist in retrieving the van and rescuing its occupants. It was gathered that professional divers and marine police have also been deployed to the scene to boost the rescue efforts. Commissioner of Police, Olugbenga Adepoju, has visited the scene, lauding the rescue workers. Gokpa, in turn, pledged his commitment to ensuring the security of lives and property in the area and promised to empower more personnel to aid in the rescue efforts and apprehend those responsible for the attack. Kidnapping, related crimes and road crashes have been a regular occurrence on the road due to its deplorable state. Spokesperson of the state Police Command, Grace Iringe-Koko, said efforts were in place to arrest those behind the incident.

    $225M DEBT: FIRST BANK SPEAKS ON LEGAL TUSSLE WITH OBAIGBENA’S GHL

    $225M DEBT: FIRST BANK SPEAKS ON LEGAL TUSSLE WITH OBAIGBENA’S GHL The management of First Bank of Nigeria Limited on Tuesday said media reports alleging that it abused court processes in the ongoing legal battles with General Hydrocarbons Limited are misleading and incorrect. The bank said it performed its obligations under the loan agreements but trouble started when it demanded for good governance and transparency in the transaction, which GHL rejected. “Consequently, it is incorrect to assert that FirstBank abused the process of the court,” the bank said in a statement. PREMIUM TIMES reported how the Federal High Court, Ikoyi, Lagos, granted an order restraining all commercial banks in Nigeria from releasing or dealing in all monies and assets up to $225.8 million due to Nduka Obaigbena from any account maintained by him. Nduka ObaigbenaNduka ObaigbenaMr Obaigbena is the chairman and editor-in-chief of THISDAY Media Group and Arise News Channel. The court also blocked all commercial banks from releasing or dealing in all monies and assets up to the said amount belonging to Efe Damilola Obaigbena, Olabisi Eka Obaigbena and General Hydrocarbons Limited, an oil and gas firm in which all the three are directors and shareholders. Another order barring the banks from dealing in or releasing such monies and assets due to the company, its agents, privies, subsidiaries and sister companies with the banks up to the same sum was issued, according to court documents obtained by PREMIUM TIMES. General Hydrocarbons, in its response, said it also obtained a court order securing its operations. “We are in court and arbitration to resolve our differences and have obtained a court order securing our operations pending determination,” the company said in a statement signed by its chairman, Nduka Obaigbena. Public Statement by First Bank of Nigeria Limited Our attention has been drawn to recent media reports regarding a commercial transaction between First Bank of Nigeria Limited (FirstBank) and General Hydrocarbons Limited (GHL) that is currently a subject of litigation. As a responsible and law-abiding corporate citizen of Nigeria with utmost respect for the courts,FirstBank will not be able to offer comments on issues which are pending for determination by the courts, as such issues are sub-judice. However, we are constrained to issue the following clarifications to correct the sponsored but false narratives on the matter presented in some of the media publications. There is a subsisting commercial transaction between FirstBank as lender, and GHL as borrower, where FirstBank extended several credit facilities to GHL for the development of some Oil Mining Lease assets. There is a subsisting commercial transaction between FirstBank as lender, and GHL as borrower, where FirstBank extended several credit facilities to GHL for the development of some Oil Mining Lease assets. These facilities are backed by very robust loan agreements executed by the parties in which the obligations of the parties are clearly defined and the security arrangement clearly spelt out. While FirstBank has diligently performed its obligations under the loan agreements, at the root of the present dispute is FirstBank’s demand for good governance and transparency in the transaction, which GHL rejected. Upon FirstBank’s realization of breaches on the part of GHL including diversion of proceeds, FirstBank requested that an independent operator mutually acceptable to both parties be appointed in line with the terms of the agreement, to operate the financed asset in a transparent manner that will bring greater visibility to the project, protect the interest of, and bring value to all stakeholders. Not only did GHL roundly reject this reasonable and fair request, rather GHL insisted that FirstBank avails it with more funding. GHL refused to execute the terms of offer stipulated by the Bank for the availment of additional funding but rather proceeded to commence needless Arbitral…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    VEHICLE FLEEING KIDNAPPERS PLUNGES INTO RIVER, EXPATRIATE, OTHERS MISSING

    NERC GIVES ENUGU, THREE OTHER STATES NOD TO COMMENCE ELECTRICITY GENERATION, TRANSMISSION, DISTRIBUTION

    $225M DEBT: FIRST BANK SPEAKS ON LEGAL TUSSLE WITH OBAIGBENA’S GHL

    CBN FINES NINE BANKS N150M EACH FOR FAILING TO DISPENSE CASH VIA ATMS

    JANUARY 1966: A MORNING OF MURDER, MAYHEM AND CARNAGE

    WE’LL PRIORITIZE PASSAGE OF TAX REFORM BILLS – SPEAKER, ABBAS