OSUN State’s efforts at industrialisation has received a boost as the Transmission Company of Nigeria (TCN) approved its plan to construct a power transmission substation.
The transmission company gave the approval in a letter addressed to the government, titled: ‘Re: Request for Permit to Construct Transmission Line and Substation at Proposed Dagbolu International Market, Dagbolu, Osun’.
It approved that the power transmission infrastructure be located in Dagbolu to catalyse industrial growth similar to Ikeja and Oluyole industrial parks of the late Chief Obafemi Awolowo era.
The letter, dated April 11, 2016 and signed by the General Manager (Design and Standard) TCN, Mr. Ademola Afolabi, said with the approval, the state would be in strategic economic position as another commercial hub in the Southwest.
The approval came without a cost to the state.
TCN noted that the Bill of Engineering Measurement and Evaluation (BEME) document submitted by the state was found to be in conformity with TCN’s standard bidding document, which facilitated the subsequent approval.
The letter stated that the location of national grid in Osogbo and the approval of new power transmission would attract investors to the state.
He noted that industries with huge energy consumptions would prefer a state like Osun with constant power supplies.
TCN stated that citing such industries in the state would create huge job opportunities.
The company added that the nearness of the state’s commercial hub to railway line would foster economic activities and reduce cost of transportation in the production chain.
The approval letter reads in part: “With this and lucky presence of the only national grid in Osogbo, the state can attract industries, especially heavy industries such as steel, chemical, paints, etc.
“The beauty of such heavy industries’ localisation is that they are heavy employers of labour and high contributors to the internally generated revenue of the state.
“The Dagbolu, Osun hub is adjacent to the rail line and such location, therefore, reduces the cost of production associated with energy and transportation.”