The infrastructure partner of the Oyo State government, Allianz West Africa has taken delivery of ten units of 500kva distribution transformers and One unit of 5MVA power transformer for the Yekini Adeojo and Senator Rashidi Ladoja GRAs, Ibadan.
According to the Managing Director, Allianz WA, Yinka Owodunni, the purchase carried out on a Public Private Partnership (PPP) arrangement was supervised by the Oyo State Investment and Public Private Partnership Agency (OYSIPA).
The transformers, which will power over 2,000 households in the Yekini Adeojo and Senator Rashidi Ladojo GRAs arrived from Istanbul, Turkey, via Tin Can Island Port in Ibadan, on Saturday.
This development, according to Owodunni, is a testament that PPP Aaways wins and is a profitable strategy for the government to fast-track infrastructural development.
He commended the Oyo State government, through OYSIPA for its continued support of PPP initiatives in the State, over the years.
Owodunni said OYSIPA played a key role in ensuring the success of the housing project at the New Town Development Area.
He noted that the transformers delivered were valued at about 600M naira.
He added that the power distribution Infrastructure was designed to Power the New Town Development Area (NTDA) created by Governor Seyi Makinde within the South-East
corridor of the new and ongoing Ibadan circular road project.
The circular road is analogous to the Lekki-Epe Expressway and will act as the backbone and pedestal Infrastructure for heralding in about 4 Trillion Naira economic inflows into Ibadan over the next few decades.
He affirmed that MEGA Infrastructure will attract Investors and more infrastructure solutions and praised the tenacity of Governor Seyi Makinde’s administration in ensuring the North-East and South-East quadrants of the Ibadan circular road is 100 percent completed during its tenure
“These power distribution transformers will cater for about 2000 family units that will populate this New Town (NTDA)”, he said.
Owodunni said about 1000 streetlights will be activated to further illuminate the aerial space within this NTDA, further, complimenting the GSM Light-Up Ibadan project.
He said this is the first 5MVA Power Transformer to be ever installed in any residential enclave in Oyo State, describing it as symbolic of the power of partnering with the private sector.
Owodunni, further stated that: “The private sector can carry more burden for governments when visionary leadership is activated upfront.
“AllianzWA is excited to be on this PPP journey with OYSIPA and we are prepared to attract more investments into Oyo State due to the exemplary leadership of Governor Seyi Makinde.
“We have invested about N10 billion naira in the state thus far at the Engineer Lere Adigun (ELA) and Yekinni Adeojo GRAs.
“The Allianz board of directors are making plans for an upward capital injection of about 50B to 100B in future Win-Win projects within Oyo State”, he said.
READ ALSO FROM NIGERIAN TRIBUNE
WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV
- Let’s Talk About SELF-AWARENESS
- Is Your Confidence Mistaken for Pride? Let’s talk about it
- Is Etiquette About Perfection…Or Just Not Being Rude?
- Top Psychologist Reveal 3 Signs You’re Struggling With Imposter Syndrome
- Do You Pick Up Work-Related Calls at Midnight or Never? Let’s Talk About Boundaries
and then