Delays in Gas Projects Hinder Addition of 2,000MW to National Grid Ejiofor Alike Efforts to boost gas supply for power generation under the Domestic Gas Supply Obligations (DSOs) imposed on the international oil companies (IOCs) are being
hampered by delays in the execution of some key gas projects initiated by the oil multinationals to power over 2,000 megawatt-capacity thermal power plants in the country, THISDAY has learnt.
At its meeting on February 13, 2008, the Federal Executive Council (FEC) under the administration of the late President Umaru Musa Yar’Adua had approved a gas infrastructure blueprint to develop the
domestic gas market through the expansion of gas supply infrastructure with projected inflow of at least $30 billion investment. Under the DSO regulation in the blueprint, oil companies were required to
set aside a pre-determined amount of gas for the domestic market, or risk a penalty of $3.5 per million cubic feet of gas undersupplied, restricted exports, or both, as the then Ministry of Energy (Gas), which was
created by the administration might decide. The Yar’Adua administration had also approved the short-term gas supply strategy proposed by Continued on page 8
AfDB President, Adesina Wins Prestigious World Food Prize… Page 8 Tuesday 27 June, 2017 Vol 22. No 8104. Price: N250
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TODAY'S WEATHER
ABUJA 16°C-33°C
MAIDUGURI 15°C-35°C
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ENUGU 22°C-34°C
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KANO 11°C-33°C
LAGOS 23C-31°C
PORT HARCOURT 20°C-30°C
IBB Backs Restructuring as Jonathan Urges Caution Against Hate Speech Ejiofor Alike in Lagos and Onyebuchi Ezigbo in Abuja Former military president, Gen. Ibrahim Badamasi Babangida (rtd.), has thrown his weight behind the calls for the restructuring of the country and devolution of powers to give more
responsibilities to the states. Babangida has also condemned what he described as the ongoing altercations and vituperations of hate across the country, warning that “starting wars or political upheavals comes with Continued on page 8
Fashola: N’Assembly’s Personal Attacks Failed to Address Issues I Raised Says lawmakers ignorant of budgeting process Ejiofor Alike in Lagos and Chineme Okafor in Abuja The Minister of Power, Works and Housing, Mr Babatunde Fashola has expressed deep concern over the recourse of the National Assembly’s spokespersons to name calling over his observations on the 2017 budget, stressing that the
personal attacks on him by the lawmakers failed to address the issues he had raised in the national interest. He also more or less called them ignorant for their “very stark and worrisome gaps in knowledge” of the budgeting process. Continued on page 10
ARE ALL NIGERIANS' S’Court Takes 15 Years to Deliver 'WE L-R: Rivers State Governor, Nyesom Ezenwo Wike, with the leader of the Rivers State Muslim Community and Vice of the Supreme Council of Islamic Affairs, Alhaji Nasir Uhor, at the Government House, Port Harcourt when Judgment in Land Dispute… Page 10 President the Muslim community in River State paid Sallah hommage to the governor… yesterday