Egbin/Ijede, Ikorodu, Lagos, Nigeria
info@egbin-power.com
17 April 2026
INTRODUCTION
Egbin Power Plc, Nigeria’s foremost power generation company, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
HOUSING DEVELOPMENT DETAILS
The new development comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
PROJECT TIMELINE AND PURPOSE
Initiated in 2025 and completed in January 2026, the project marks another milestone in Egbin Power’s structured approach to enhancing employee welfare.
It reflects the company’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
CEO’S STATEMENT
Speaking on the initiative, Chief Executive Officer of Egbin Power, Mokhtar Bounour, emphasised the importance of the investment.
"At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent," Bounour stated.
"This significant expansion of our residential estate is a tangible expression of that commitment. It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” he said.
WORKFORCE DEVELOPMENT STRATEGY
The new housing units form part of a broader strategy to build a stable, motivated, and future-ready workforce.
Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication.
TRAINING AND CAPACITY BUILDING
The company also maintains a comprehensive training and development framework.
Through targeted programmes in technical capacity building, leadership development, and mentorship, employees are empowered to continuously upgrade their skills and take on greater responsibilities.
CONCLUSION
These sustained investments in employee housing, career advancement, and professional development highlight Egbin Power’s belief that aligning employee welfare with organisational performance is a pathway to sustainable growth.
