FRIDAY 26TH MARCH 2021

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FG Mulls TCN’s Unbundling, Partial Concession to Boost Power Supply Emmanuel Addeh in Abuja The federal government is considering the unbundling and partial concession of the Transmission Company of Nigeria (TCN) to boost its efficiency in the government’s bid to improve power supply.

Director, Energy, Bureau of Public Enterprises (BPE), Mr. Yunana Malo, said during the March edition of “the Electricity Hub” conversation series on power that the National Council on Privatisation (NCP) had directed that a proper strategy

should be mapped out for the unbundling of TCN. He stated that the government believed that all the players in the energy value chain should be able to align with the needs of the power sector seamlessly, adding that the right environment is being

created for the transmission component to match generation and distribution. Malo said data was key to making decisions in the power sector, which needs clear-cut rules for its operations. He said: “Government has not taken a decision on TCN.

distribution is also becoming incrementally more efficient with the kind of interventions that are going on there. It is this kind of reasoning that made us to say, let us see how the transmission component

We are on the drawing board, looking at all the possibilities. We need to plan and strategise, know what the objectives are; how to attain them and that’s what we are currently doing. The NCP has said that we should look at all the issues. “Generation is growing and

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CBN Works to Slash Wheat Importation By 60%... Page 8 Friday 26 March, 2021 Vol 26. No 9483. Price: N250

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Power Must Shift to South in 2023, Says Zulum Chuks Okocha in Abuja

Borno State Governor, Prof. Babagana Zulum, has again aligned himself with the calls by the growing list of

prominent Nigerians insisting that power must shift to the South in 2023. Zulum spoke yesterday in Abuja at the golden jubilee lecture and public

book presentation titled: Strategic Turnaround by the former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr.

Dakuku Peterside. Speaking on the topic: “Security and Economic Growth: Leadership in Challenging Times,” the governor said: “The issue of

power rotation is a covenant between us hence the need to shift the power to the South. “I have advocated for power to shift to the South and I will continue to do so. Nobody

should say that I am saying this because I am looking for the position of vice president; I don’t have an interest. I Continued on page 9

Kyari: N130bn Monthly Loss to Petrol Underpricing No Longer Sustainable Corporation records N2.1tn from petrol sale in one year Sylva explains why Nigeria wants to import fuel from Niger Deji Elumoye, Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, yesterday made a case for a prompt conclusion of talks between the federal government and the organised labour to resolve the dispute over the appropriate pricing of petrol. He expressed concern about the current underpricing of the commodity, which he said has resulted in the NNPC losing N130 billion monthly due to the sale of the commodity below the market price. He warned that the corporation could no longer continue to bear the loss. He, however, told State

House reporters in Abuja that plans were underway to exit the underpricing regime. The corporation also yesterday said it generated N2.197 trillion from the sale of petrol between December 2019 and December 2020. In addition, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has explained why Nigeria wanted to import fuel from Niger Republic and justified the federal government’s plan to rehabilitate the Port Harcourt refinery with $1.5 billion. Kyari said the pump price of petrol in the country was far lower than in neighbouring countries. He stated that that was why the underpricing would have to be addressed soon to bring Continued on page 9

Ortom Seeks New Security Team for Protection... Page 5

FERTILISING AGRICULTURE… L-R: Jigawa State Governor, Mr. Abubakar Badaru; Central Bank Governor, Mr. Godwin Emefiele; and Kebbi State Governor, Senator Atiku Bagudu, during a meeting with Fertiliser Producers and Supplier's Association of Nigeria in Abuja… yesterday godwin omoigui


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