The Federal Government has announced that the concession of the Ikere hydropower plant in Iseyin Local Government Area of Oyo State will generate over 10,000 direct and indirect jobs, while boosting power supply by six megawatts to the state and neighbouring states. He said the development aligns with the policies of the President Bola Tinubu-led administration to revitalise the energy sector and create employment opportunities for Nigerians. The PUNCH reports that Ikere Gorge Dam is a major earth-fill dam located on the Ogun River near Iseyin in Oyo State. Adelabu said the project would stimulate electricity market development and enhance economic growth in the host community. He said the success recorded at the Ikere Gorge hydropower plant was a product of collaboration between the two ministries to strengthen Nigeria’s hydropower infrastructure.

Source: Punch January 31, 2026 20:24 UTC