We want to be Nigeria’s biggest provider of power, says Transcorp
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- Published: Thursday, 27 April 2017 10:48
- Sourced by SolutionsTeam
Transnational Corporation of Nigeria Plc says its goal is to be the biggest provider of power in Nigeria. Tony Elumelu, chairman of the company, said this on Tuesday while commenting on the appointment of Adim Jibunoh as the new president of Trancorp. In a statement by Napoleon Esemudje, the company’s director of resources, Elumelu said Transcorp has a very special mission in Nigeria. “We want to be the biggest provider of power to the Nigerian economy,” he said. “We want to put light in homes, schools and hospitals.
At the recent Ibrahim Governance Weekend in Marrakech, Morocco, prominent political and business leaders convened to debate some of the important issues surrounding Africa’s potential today. Among the speakers was renowned Nigerian businessman Aliko Dangote. He is the CEO and founder of the Dangote Group, which has an annual group turnover of over US$3bn and interests that span cement, agriculture, food processing and real estate across the continent.
Facebook plans to lay almost 500 miles of fiber cable in Africa for better wireless internet, but the social media giant isn’t going it alone. Facebook is partnering with Airtel and BCS on the project, Redcode reported. Rather than just leasing bandwidth on undersea cables and terrestrial connections operated by telecoms, Facebook, Google, and Microsoft are building their own networking infrastructure both on land and across the seas, Wired reported in May. They’re assuming a role traditionally played by telecom companies. Facebook and Microsoft are laying a cable across the Atlantic from Virginia to Bilbao, Spain, moving digital data across 4,100 miles of ocean.
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