James abiodun olotu biography
James abiodun olotu biography death!
Mr James Abiodun Olotu was the managing director of the Niger Delta Power Holding Company (NDPHC).
James abiodun olotu biography
The NDPHC, under the National Integrated Power Project (NIPP), built 10 power plants, transmission, distribution and gas infrastructures but it has been unable to privatise the plants since 2014. Olotu, in this interview conducted shortly before his appointment ended, said that the Presidency has approved that 80% shares of the plants be privatatised in phases. Excerpts:
With some of the plants in operation, how good is revenue generation?
Power is an expensive business.
Most of the components that go into the production of power are imported. To produce power, you need to ensure that everything is available. Therefore, to keep a synergy between input and output of power, electricity bills ought to be paid as at when due so you don’t create a debt profile and make yourself a debtor to the people who provide you the services like gas.
The moment there is fa