Saturday 30th December 2017

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Branson: $9.2bn Returns Makes Nigeria’s Mini Grid Lucrative Chineme Okafor in Abuja with agency report British business magnate and founder of Virgin Group, Sir Richard Branson, has offered a rare business review on the huge opportunities that global investors could take

advantage of in Nigeria’s renewed efforts to connect over 80 million of her citizens currently without any form of electricity. Writing on his personal blog, Branson, described recent reports that Nigeria’s mini grid electricity sector

could yield profits in excess of about $9.2 billion to investors, as encouraging. Although, he did not state if he would be making any investments in the sector, Branson, however suggested to investors in mini grid power systems to head to

Nigeria in 2018 if they were interested in taking from the $9.2 billion potential profit it offered. “Energy access in Africa is close to my heart. Bringing clean, renewable power to people instead of building coal-fired power stations is

absolutely essential if we are going to tackle climate change,” said Branson, in the review THISDAY obtained in Abuja yesterday. He explained that: “Developing off-grid alternatives to complement the grid could create a $9.2B/

year market opportunity for mini-grids and solar home systems that will save $4.4B/ year for Nigerian homes and businesses. And there is large potential for scaling - installing 10,000 mini-grids of 100kw Continued on page 6

Nigerians Tired of Your Empty New Year Promises, PDP Tells APC, FG… Page 6 Saturday 30 December, 2017 Vol 22. No 8290 Price: N250

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Buhari Chairs 2 Agencies As FG Constitutes Boards of Parastatals… Page 8

Current Petrol Subsidy Regime Illegal, Says Senate NNPC should be prepared to explain to Nigerians who approved the subsidy for them and who appropriated it Damilola Oyedele in Abuja The Senate yesterday said the current payment of N26 per litre to subsidise Premium Motor Spirits (PMS) by the federal government was illegal as the monies were not appropriated for by the National Assembly

as constitutionally required. The matter of subsidy returned to the forefront of national discourse recently in the wake of the lingering fuel scarcity, following reports that the landing cost of the product

per litre, had increased to N171, Continued on page 6

Release Sambo Dasuki Now, Family Urges Buhari Appeals to President to respect rule of law Mohammed Aminu in Sokoto and Alex Enumah in Abuja The Sultan Ibrahim Dasuki Progressive Association (SIDPA), on behalf of the members of Sultan Dasuki family, yesterday urged President Muhammadu Buhari to release former National Security Adviser (NSA) Col. Sambo Dasuki

(rtd) from detention. The federal government is holding Dasuki in custody exactly two years yesterday, since he was arrested by men of the Department of State Service (DSS) at the Kuje Prisons shortly after he perfected the bail conditions granted him by the courts. Continued on page 6

Obaseki Signs Edo's N150bn KEBBI LEADERS AT THE VILLA… Kebbi State Governor Atiku Bagudu; President Muhammadu Buhari and Minister of Justice, Abubakar Malami, during the 2018 Budget into Law… Page 8 L-R: Kebbi State All Progressives Congress' family visit to the President at the Presidential Villa, Abuja… yesterday godwin omoigui


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Saturday 30th December 2017 by THISDAY Newspapers Ltd - Issuu