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Fashola tasks transmission substations on maintenance culture

UGO AMADI

The Minister of Power, Works and Housing, Mr Raji Fashola, on Thursday urged transmission substations in the country on regular maintenance of their equipment.The Minister stated this at the inauguration of Transmission Company of Nigeria (TCN)’s 60MVA Mobile Transformers at Ajah 330/132/33kv transmission substation in Lagos.

Africa’s economic giants face increasing competition from upcoming Kenya, Ethiopia

Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is still favourable for businesses. Despite recent recovery in Nigeria and South Africa, Kenya and Ethiopia might soon outshine these heavy-hitters in the competition for investment, according to the newly released Africa Risk-Reward Index developed by Control Risks ) and Oxford Economics.

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