Fidelity bank card banner Camano banner
BoI to re-evaluate $9.8m power project in Ebonyi

By News Express on 09/06/2016

Views: 2,275

The Acting Managing Director of the Bank of Industry (BoI), Mr Rasheed Olagunju, on Wednesday said the bank will re-evaluate the viability of a $9.8 million bio-mass power project in Ebonyi State which it stopped funding a few years ago.

According to him, the Bank of Industry pulled out of that project after its initial evaluation that the cost of the project was bloated and the location was at a disadvantage to the rice processing industries the project intends to serve.

Mr Olagunju made the remarks during a meeting with the Governor of Ebonyi State in his office in Abuja.

Meanwhile, the State Governor, Mr Dave Umahi, has expressed confidence the re-evaluation of the project will lead to its completion.

He told journalists after the meeting with the management of the bank that the bio-mass project is a demonstration project that will be replicated in the state to aid rice production. (Channels TV)

Photo shows BoI Acting MD, Rasheed Olagunju.

Source News Express

Posted 09/06/2016 04:29:52 AM





You may also like...
Niger Delta: 4 militant groups declare truce

Chairmanship race: Secondus promises to return PDP to...

Police arrest suspected killers of woman preacher in...

Fuel Subsidy: FG saves N15.4 billion monthly

No cattle colony in Bayelsa, says Agric Commissioner...

Naval personnel, 2 others arrested for stealing Tompolo’s...

PDP Governors' Forum: Fayose moves against Mimiko, petitions...

Exclusive: Tinubu’s airline collapses

Uduaghan shocked, dumbfounded over former ADC’s death

PDP reads Riot Act to aggrieved members

Amazon uses dummy parcels to catch thieves

2019 Presidency: How the candidates fared — State-by-State...


Latest News Gunmen reportedly abduct 28 travellers in Ondo State Herdsmen Menace in South-East: Obiano Administration may have case to answer — Intersociety How I was raped by Ex-President — Beauty Queen Abuja pastor jailed seven years for rape, abortion Man shoots 10-month-old girl in head after her mother rejects him Why Buhari has not unveiled cabinet list — SGF Three abducted Lebanese rescued in Rivers Taraba boils again Youth Corp member stabs brother to death in Anambra Bayelsa Council Polls: APC boycotting election because of lack capacity to win — Gov Dickson 2019 polls not just imperfect but stolen — HURIWA Super Eagles set sights on Guinea in crucial AFCON group clash


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (498,674 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (427,390 views) Shameless Genevieve Nnaji exposes breasts in public (367,675 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (313,501 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (278,245 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (245,032 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (235,560 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (217,585 views) 10 cars more expensive than Jets (215,347 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (205,810 views) Lagos plane crash: Journalist releases victims’ names (185,722 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,794 views)


NNPC 2019 National Science Quiz Competition

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,328) Business Verdict (75) Columnists (1,055) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (627) Features (767) Global Business Monitor (384) ICT Monitor (53) International (3,626) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (314) News (47,814) Opinion (1,268) Pidgin (17) Politics (11,070) Religion (1,033) Sports (2,052) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera