200,000 MSME’s To Benefit From Government’s Initiative

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Yemisi Izuora 

More than 200,000 Micro Small and Medium Enterprises, MSME’s  would benefit from the Federal government Energizing  Economies Initiative.

The project is an initiative of the Rural Electrification Agency(REA).

Besides,the initiative will create over 2,500 jobs and reduce carbon emissions  by 25,000 metric tonnes annually.

Director of Promotions,Rural Electrification Agency,Ayang Ogbe, disclosed this in Lagos yesterday ahead of the commissioning of the Sura Shopping Complex 1PP Electrification Project,which is one of the agency’s project milestones.

The Sura project would be commissioned by the  Vice-President,Professor Yemi Osibajo on Friday.

He said as a result of the project,over 799 generators have been decommissioned reducing harmful greenhouse emissions and noise pollution,while shop rentals in Sura Shopping Complex has increased by 15 per cent.

Solad Power Holdings is the private sector developer  of the Sura Shopping Complex IPP and provides power from the Island Power Plant in Marina through a dedicated underground distribution infrastructure.

Speaking on the project, President of Sura Shopping Complex,Mrs Olubunmi Aina, commended the Rural Electrification Agency(REA) for the intervention in providing power to the market.

She said the complex now enjoys lower tariff  relative to the ones levied them earlier, adding that the market has also witnessed increased patronage by customers.

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