FG: Nigeria’s Power Sector Loses N24bn Monthly to Diesel Generators Says generators consume 300 million litres of diesel monthly Commissions N59.6bn transformer facility to upgrade supply in Abuja Chineme Okafor in Abuja Nigeria’s electricity sector is losing N24 billion monthly to the diesel generator market, which consumers especially heavy electricity users like industries embrace as an alternative to power their homes and operations, the
federal government has disclosed. Speaking on Monday, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, who was represented at the February 2018 edition
of the monthly power sector operators’ meeting at Katampe in Abuja, by the Minister of State for Power, Works and Housing, Mr. Suleiman Hassan, explained that on the average, 300 million litres of
diesel were consumed monthly to power these generating sets. Fashola, stated this shortly after commissioning a 100 mega volt amp (MVA) transformer installed by a power firm - MBH Power
Limited, for the Transmission Company of Nigeria (TCN) at its Katampe transmission substation. The high voltage transformer, which is expected to increase the transmission capacity of the substation
OPEC Assures US Shale Won’t Distort Oil Market… Page 6
by 48 megawatts (MW) was reportedly financed by the World Bank at the cost of N59.6 million. The minister noted that the expenditure made on diesel consumption in Nigeria, acquisition and maintenance Continued on page 8
Tuesday 13 February, 2018 Vol 23. No 8335. Price: N250
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Izunaso: Trouble Awaits APC If Buhari Refuses to Run
Bolaji Adebiyi in Abuja
There would be turmoil in the All Progressives Congress (APC) if President Muhammadu Buhari declines to seek a second term of office, the National Organising
Secretary of the party, Senator Osita Izunaso, has warned. Izunaso spoke to THISDAY yesterday and said the political intrigues that would follow the president’s refusal to contest the 2019 presidential election would not only divide the
APC but would also smash and cause it to lose the general election. “It would not be in the interest of the party and Nigeria for President Buhari not to run,” he said firmly, adding: “The consequence
would be unimaginable as all the big wigs that have been hibernating would come out and fight to the finish.” He said the president should, therefore, waste no further time in declaring his intention to run.
According to him: “President Buhari should come out and run. If he declares today that he would run, it would be a popular decision and it would unite the party and galvanise it into action.” Although the president has
not stated clearly his political future, his body language fuels speculations that he intends to make a second bid for the presidency next year. THISDAY had reported Continued on page 8
Finally, Govs’ Forum Backs State Police as Buhari Vows to End Security Challenges Damilola Oyedele in Abuja State control of police gained more strategic converts yesterday as the Nigerian Governors’ Forum (NGF) threw its weight behind the idea that has been variously thrown up as the panacea for worsening insecurity in the country. But the support is conditional as the forum said only states that could afford to establish their own police should be allowed to do so, while the federal police would continue to secure the others. The shift in the governors’ position on state policing came just as President Muhammadu Buhari rose from a meeting with security chiefs at the Presidential Villa, Abuja, vowing to end the mounting security challenges plaguing the country. The president had met with the security chiefs for two and half hours yesterday
with none of the officials willing to speak with State House correspondents on the outcome of the meeting. But a post on the president’s Twitter handle read: “Today I presided over a meeting of the Security Council. We fully understand the seriousness and urgency of Nigeria’s security issues, and are determined to implement carefully considered solutions that will not only earn the confidence of Nigerians, but also stand the test of time.” The meeting was attended by Vice President Yemi Osinbajo; Secretary to the Government of the Federation, Mr. Boss Mustapha; Minister of Defence, Brig. Gen. Mansur Dan-Ali (rtd); Minister of Interior, Lt. Gen. Abdulrahman Danbazzau (rtd); Minister of Foreign Affairs, Chief Geoffrey Onyeama; and National Continued on page 6
Osinbajo: Let’s Handle Herdsmen – Farmers’ Violence with Open Mind ... Page 6
SIX HEARTY CHEERS... L-R: Former Chief of Defence Staff, Lt. General Alani Akinrinade (rtd); Governor of Bayelsa State, Hon. Seriake Dickson; and former Governor of Anambra State, Dr. Chukwuemeka Ezeife; during the 6th Anniversary Public Lecture of the Restoration Government in Yenagoa… Yesterday lucky francis