• Abiodun urges monarchs to foster investor-friendly environment
• Condemns residents’ hostility to investments

The Federal Government has said that Nigeria’s power sector is set for a significant boost as work progresses on key infrastructure under the Presidential Power Initiative (PPI), with the New Abeokuta Substation in Ogun State positioned as a flagship project expected to strengthen electricity supply nationwide.

The project, located in Toolu Community in Obafemi Owode Local Council, was part of the PPI being implemented by the FGN Power Company, in partnership with Siemens Energy as technical partner.

Managing Director of FGN Power Company, Kenny Anuwe, while speaking after a joint inspection of the facility alongside technical partners and other stakeholders, said the substation was central to ongoing efforts to modernise and expand the national grid.

Anuwe said that the new Abeokuta substation would increase capacity by about 480 megawatts, complementing existing infrastructure and enhancing electricity delivery across Ogun State and adjoining areas.

Also speaking, the Project Director, Siemens Energy, Elie Akiki, said work at the Abeokuta site was progressing as planned, expressing confidence that the substation would be delivered and commissioned before the end of 2026 in line with agreed timelines.

Meanwhile, Ogun State Governor Dapo Abiodun, has called on traditional rulers across the state to create a conducive and investor-friendly environment in their domains, warning that hostility toward investors could undermine the state’s economic growth.

The governor made this appeal yesterday, during the statutory meeting of the Ogun State Council of Obas held at the Oba’s Complex, Oke-Mosan, Abeokuta.

Abiodun expressed concern over reports of uncooperative attitudes by some communities, particularly in parts of Yewa South, Ipokia, and Ijebu North. He condemned what he described as hostility toward investors who are willing to commit billions of dollars to the state’s economy.

He stressed that such investments are critical to job creation, infrastructure development, and overall socio-economic advancement, noting that communities must take ownership of development initiatives rather than frustrate them.