Saturday 17th February 2018

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W’Bank Approves $486m Credit for Nigeria’s Power Sector Moves against illicit financial flows Obinna Chima, Bayo Akinloye with agency report The World Bank has approved a $486 million credit facility to Nigeria for electricity grid improvements, the lender said yesterday. “The investments under the

Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies to supply consumers with additional power,� Reuters quoted the World Bank to have said.

Africa loses $80bn annually

Nigeria’s dilapidated power sector is often criticised by economists for holding back the country’s economic growth. Businesses and households are subject to frequent blackouts, and many depend on their own generators that are expensive to run.

A recent report had pointed out that ineffective metering was a major problem to the success of power sector reforms in Nigeria, a report has stated. The report by Lagos-based CSL Stockbrokers Limited, noted that some consumers avoid paying for

power consumed through meter bypass, while others are made to pay for what they haven’t consumed through estimated billing by the distribution companies (discos). The report cited a new draft meter regulation proposed by the

Nigerian Electricity Regulatory Commission (NERC), which stated that electricity customers can now acquire meters under a 15-year lease facility from the discos guaranteed by third party meter providers. Continued on page 11

Controversy Trails Launch of NAF's Indigenous Unmanned Aerial Vehicle ‌ Page 10 Saturday 17 February, 2018 Vol 23. No 8339

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Buhari Condemns Zamfara Killings, Orders Troops Deployment

Atiku: When human beings are falling like flies repeatedly, ambushed by savage mass murderers and killed in cold Killings getting worse under Buhari, says Governor Yari blood, I wonder what becomes of the sanctity of life Vincent Obia, Omololu Ogunmade and Onyebuchi Ezigbo in Abuja President Muhammadu Buhari

yesterday in Daura, his country home, condemned the recent massacre of over 40 innocent persons in Birane village, Zurmi Local Government Area of Zamfara

State. Former Vice President Atiku Abubakar also condemned the Zamfara massacre, saying he is appalled by the continued large

scale destruction of human lives by criminal groups. In a statement, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said

the President commiserated with families of victims of the heinous crime and directed security agencies to immediately mobilise and deploy operatives to vulnerable areas of the

state, and ensure that perpetrators face the full wrath of the law. The statement also said Buhari Cosntinued on page 6

INEC:UnderageVotinginKanoLG Election Will Be Fully Investigated Says incident ‘deeply disturbing’

Jonathan backs reordering of election sequence

Onyebuchi Ezigbo in Abuja The Independent National Electoral Commission (INEC), yesterday, vowed that the alleged incident of underage voting during the recent local government elections in Kano State would be fully investigated. Also yesterday, former President Goodluck Jonathan expressed support for moves by the National Assembly to re-order the 2019 general election’s sequence as contained in the recent amendment to the Electoral Act. The commission’s position was contained in a speech delivered by its Chairman, Prof. Mahmood Yakubu at an “Election Project Plan Implementation Workshop� held in Lagos. Yakubu, who described the Kano incident as "deeply disturbing", said a National Commissioner from INEC would lead a team to Kano next week to probe the incident. He said that technical staff of the commission drawn from the Cosntinued on page 6

LADOL'S FACILITY TOUR... L-R: Managing Director, Chevron Nig. Ltd, Je Ewing; Managing Director, LADOL, Dr. Amy Jadesimi; Deputy Managing Director, Total E&P, Musa Kida; Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and Managing Director, Total E&P, Nicolas Terraz, when the minister came on inspection tour of Egina FPSO platform at the integration site in LADOL Free Zone, Apapa, Lagos ... yesterday

Obasanjo: I Have No Regrets over Decisions I Took as President ‌Page 54

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Saturday 17th February 2018 by THISDAY Newspapers Ltd - Issuu