To ensure that the Light Up Nigeria initiative is implemented, Millwater is a technical partner of Niger Delta Power Holding Company (NDPHC).
Under the Light Up Nigeria initiative, which is being carried out by the federal government in collaboration with NDPHC as a Special Purpose Vehicle (SPV), Millwater Limited has Polaris Bank as its financial partner.
At the function, Vice President Senator Kashim Shettima reaffirmed the Federal Government's commitment to businesses and investors to provide sufficient power supply throughout Industrial Clusters, pointing out that Nigeria offers enormous prospects for both investors and the populace.
The Federal Government, through NDPHC, is committed to ensuring that industrial clusters like Agbara benefit from less expensive ways of generating power in their various factories. Shettima bemoaned the situation where industrial clusters like Agbara had to rely on sources of power supply other than the national grid.
The governor of Ogun State, Dapo Abiodun; the deputy governor of Lagos, Obafemi Hamzat; the minister of power, Adebayo Adelabu; and the CEO of NDPHC, Chiedu Ugbo, all praised the Light Up Initiatives of the current administration at the Business Roundtable, which brought the finest members of Nigerian society from all walks of life.
They believed that Nigeria's industrialization initiatives would be expedited.
Polaris Bank has consistently demonstrated its commitment to supporting Nigeria's energy industry operators in their efforts to provide value to important stakeholders. This project, which holds great significance for the current administration, is no different.
Recall that Polaris Bank recently provided N13 billion in funding to an indigenous company for the delivery of a whole cargo, allowing the shipment of 20,000 metric tonnes, or 27 million liters, of gasoline into the nation.
The Bank's assistance demonstrated the crucial role the financial institution played in fostering the expansion of the vital energy sector of the economy.
The purpose of the occasion was to introduce a nationwide plan to provide dedicated power supplies to industrial clusters, beginning with Agbara Industrial Estate.
Selected as the Digital Bank of the Year 2021 and 2022, Polaris Bank is a forward-thinking financial institution dedicated to providing services and solutions that revolutionize its business for every facet of the Nigerian economy.
Source: The NewsBearer
