President Rejects States’ Plan on Unilateral Takeover of Discos CBN, others seek solutions to distributors' indebtedness to banks
Chineme Okafor in Abuja
President Muhammadu Buhari has foreclosed the possibility of the federal government backing a unilateral takeover of the 11 electricity distribution
companies (Discos) by state governments following the poor performance of the Discos since the power assets were handed over to the private sector in 2013, THISDAY’s investigation has revealed.
Buhari made his position known in a response to the recommendations of the National Economic Council (NEC) Ad hoc Committee on Ownership Review of the Discos and Power Sector
Review. The committee was headed by the Governor of Kaduna State, Mallam Nasir el-Rufai. The president’s response to the el-Rufai-led committee’s report also coincided with
moves by stakeholders, led by the Central Bank of Nigeria (CBN), to address the liquidity crisis in the power sector and avoid the possible takeover of the Discos by banks they are indebted to.
NEC had mandated the elRufai committee to investigate the ownership structure of the Discos and to establish the equity shareholding of the Continued on page 9
$48m Crude Oil Lost to Vandalism in Six Months, Says Kyari ... Page 6 Thursday 18 June, 2020 Vol 25. No 9201. Price: N250
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Buhari Calls for Knowledge Sharing among Nations to Battle COVID-19 FG bars non-travellers from airports Private hospital in Jos shut as 17 staff test positive Omololu Ogunmade in Abuja and Seriki Adinoyi in Jos President Muhammadu Buhari yesterday appealed to the international community
to promote a platform for knowledge sharing from the output of science and research to fight the COVID-19 pandemic. Also ahead of the planned
resumption of flight operations, the federal government has banned non-travellers from the airports and also advised persons coming to pick or drop travellers to remain
inside their vehicles until the travellers exit the airports’ entrances. The president, in his presentation during a virtual Extraordinary China-Africa
587 new COVID-19 infections detected
Summit on Solidarity against COVID-19, said Nigeria would support and be part of any joint and collective action plan at both the regional and global levels to tackle the
COVID-19 pandemic and its fallout. The summit was co-hosted by Chinese President Xi Continued on page 10
Obaseki Perfects Defection Plans as APC Crisis Worsens Edo gov holds meetings with PDP colleagues, Secondus Giadom contends APC leadership with Ajimobi I'm yet to decide my next moves, says Oshiomhole Uzodinma heads Edo guber primary committee
Nseobong Okon-Ekong in Lagos, Chuks Okocha, Adedayo Akinwale in Abuja, Adibe Emenyonu in Benin and Victor Ogunje in Ado Ekiti Edo State Governor, Mr. Godwin Obaseki, was busy yesterday putting finishing touches to his plans to pursue his re-election bid on the platform of the Peoples Democratic Party (PDP). Obaseki, who resigned his membership from the All Progressives Congress (APC) on Tuesday, hours before the Court of Appeal affirmed the suspension of the party's National Chairman, Mr. Adams Oshiomhole, held a series of meetings with his PDP colleagues and the party's National Chairman, Prince
Uche Secondus. APC leaders were also busy trying to subdue the raging crisis in the party in the aftermath of Oshiomhole's suspension as the party's Deputy National Secretary, Chief Victor Giadom, laid claims to the leadership of the party. Giadom, who was later suspended, broke ranks with some members of the National Working Committee (NWC), who had late Tuesday picked one of Oshiomhole's zonal deputies, Senator Abiola Ajimobi, to hold the fort for the embattled chairman. Giadom anchored his claim to the party's chairmanship on a March order of the Federal Capital Territory (FCT) High Continued on page 9
Buhari Directs Four Ministers to Develop New Template against Insecurity... Page 5
CONNECTING WITH THE WORLD... President Muhammadu Buhari during the 'Virtual China-Africa Extraordinary Summit on Solidarity against the COVID-19 Pandemic,' from the State House, Abuja...yesterday godwin omoigui