Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

Polaris Bank Partners Millwater On Stable Power Delivery To Industrial Clusters

byGLAMTUSH
October 18, 2023
in Business & Brands
Reading Time: 2 mins read
Polaris Bank

L-R; Lagos Deputy Governor, Dr. Obafemi Hamzat; Vice President, Kashim Shettima; Ogun State Governor, Prince Dapo Abiodun; Executive Director Polaris Bank, Chinwe Iloghalu and Deputy Managing Director, Wema Bank, Wole Akinleye at the Agbara Business Roundtable, Ogun State recently.

Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

Polaris Bank has expressed its commitment to partner with Millwater to deliver uninterrupted power to industrial clusters in Nigeria in order to accelerate the industrialization drive of the current administration.

While giving the assurance on the sidelines of the recent Agbara Business Roundtable which held in Agbara, Ogun State, Polaris Bank’s Executive Director, Lagos & Corporate Banking, Chinwe Iloghalu who represented the Bank’s Managing Director/CEO, Adekunle Sonola, expressed the lender’s readiness to provide the required funding to Millwater, a Technical Partner of Niger Delta Power Holding Company (NDPHC) to make the Light Up Nigeria project, a reality.
Polaris Bank is the financial partner to Millwater Limited which is serving as a Special Purpose Vehicle (SPV) and partnering with NDPHC to deliver the Light Up Nigeria project of the federal government.

READ ALSO

Why Fidelity Bank Plc Is Too Big to Fail

Access Bank Secures DFIs’ USD 100 Million Facility Led By German DEG For MSMEs And Gender Equality In Nigeria

At the event, Vice President, Senator Kashim Shettima, while noting that Nigeria holds tremendous opportunities for not only investors, but also the people, restated Federal Government commitment to investors and industries to deliver adequate power supply across industrial clusters.
Shettima decried situation where industrial clusters like Agbara had to rely on other sources of power supply other than the national grid, and assured that the Federal Government through the Niger Delta Power Holding Company (NDPHC) is committed to ensuring that clusters like Agbara benefit from cheaper means of generating power in their various factories.

The Business Rountable which drew cream of the Nigerian society across different spectrum had the Ogun State Governor, Dapo Abiodun; Lagos Deputy Governor, Obafemi Hamzat; Minister for Power, Adebayo Adelabu and NDPHC CEO, Chiedu Ugbo all lauding the Light Up Initiatives of the present government which they reckon will fastrack Nigeria’s industrialization efforts.

Polaris Bank has been a strong partner in funding Nigeria’s energy players to deliver value to critical stakeholders and this project which is dear to the heart of the current administration, will not be an exception.

Recall Polaris Bank recently funded the delivery of a full cargo with an indigenous firm to the tune of N13bn, thus enabling the transportation of the 20,000 metric tonnes, or 27 million litres of petrol, to the country. The Bank’s support exemplified the pivotal role played by the financial institution to support the growth of the critical energy sector of the economy.

The event was to launch an initiative to ensure dedicated power supply to industrial clusters across the country, starting with Agbara Industrial Estate.

Polaris Bank, adjudged Digital Bank of the Year 2021 and 2022, is a future-determining Bank committed to the delivery of industry-defining products, and services, across all the sectors of the Nigerian economy.

Related Posts

Fidelity Bank Plc
Business & Brands

Why Fidelity Bank Plc Is Too Big to Fail

May 19, 2025
MSMEs
Business & Brands

Access Bank Secures DFIs’ USD 100 Million Facility Led By German DEG For MSMEs And Gender Equality In Nigeria

May 17, 2025
CRM
Business & Brands

Zoho Deepens CRM Platform With AI And Workflow Automation Features

May 16, 2025
First Bank
Business & Brands

First Bank Retains Retail Dominance By Boosting Business With Its Temporary Overdraft Product 

May 15, 2025
Africa CEO Forum
Business & Brands

“Buy Africa, It’s Not Inferior,” Ogbonna, Mene, Zubairu Chart Path For Developing Continental Trade At Africa CEO Forum

May 14, 2025
Fidelity Bank
Business & Brands

Fidelity Bank Reclaims Trillion-Naira Market Cap As Stock Rises To ₦21

May 14, 2025
Next Post
Principles For Responsible Banking

Houston, Texas Gears Up For Fidelity Bank's FITCC Trade Expo

GPBN Associates Member

Fidelity Bank

Zenith Bank

Fidelity Bank

Who Is Afraid Of Fidelity Bank? – Udeme Etukeyen

May 20, 2025
Banking Sector

CBN Reassures Public On Banking Sector Stability

May 20, 2025
Noble Golfer Award,

Adron Chairman Aare Adetola Emmanuelking Honoured With Nigeria’s First Ever Noble Golfer Award

May 19, 2025
Fidelity Bank Plc

Why Fidelity Bank Plc Is Too Big to Fail

May 19, 2025
Ward Delineation

Massive Turnout As Itsekiri Youths Protest Alleged Fraudulent INEC Ward Delineation Report In Warri

May 18, 2025
Tinubu

‘I’m The Head Of Nigerian Delegation,’ Tinubu Tells Obi, Fayemi At Vatican

May 18, 2025
Building Collapse

Lagos: One Rescued, Others Trapped As Building Collapses

May 18, 2025
Champions League

EPL: Arsenal Beat Newcastle 1-0 To Qualify For Champions League

May 18, 2025
WHO

Tanzanian Professor Elected WHO Regional Director For Africa

May 18, 2025
Four Siblings Murdered By Pastor

Tragedy: Four Siblings Murdered By Pastor With Pestle In Enugu

May 18, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush