FRIDAY 16TH OCTOBER 2020

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NNPC’s 2019 Audited Financial Report Shows N801.3bn Reduction in Losses Report puts corporation on recovery path Says new gas project to generate 2,400MW Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Nigerian National Petroleum Corporation (NNPC) has released its 2019 audited financial statement,

about five months after publishing its 2018 report, which was the first in its 43-year existence. In the second audited financial statement made public yesterday, the

corporation achieved N801.3 billion reduction in its loss profile from a whopping N803 billion in 2018 to N1.7 billion in 2019. This represents a 99.7 percentage cut in its losses. The corporation also said

when completed, the Asa North-Ohaji South (ANOH) gas project would be able to fuel power plants to generate approximately 2,400MW of electricity for the country. Some of the national oil

company’s subsidiaries which posted improved performances included the Nigerian Petroleum Development Company Limited (NPDC,) which recorded N479 billion profit in 2019 compared

to N179 billion in 2018, representing a 167 per cent increase. In addition, the Integrated Data Sciences Limited (IDSL) Continued on page 9

With 13.71% Inflation, Analysts List Ways to Grow Economy... Page 8 Friday 16 October, 2020 Vol 25. No 9321. Price: N250

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#ENDSARS: Governors to Begin Judicial Review of Police Brutality Supervise new tactical team, establish fund for victims IG cautions personnel on use of force Again, hoodlums attack demonstrators in Lagos Our Correspondents Youths protesting police brutality for the past nine days got hefty concessions from the federal and state governments yesterday as the National Economic Council (NEC) rose from a meeting in Abuja and directed the 36 state governors and Minister of

Federal Capital Territory (FCT) to take charge of negotiations with the protesters in their respective states. Specifically, the NEC directed the governors to establish judicial panels to investigate alleged police brutality, supervise fresh Continued on page 10

Osinbajo Backs Constitution Review, Says Exercise Not Waste of Resources Yakubu restates February 18 date for 2023 presidential poll Udora Orizu in Abuja Vice President Yemi Osinbajo has faulted claims by social critics that the serial review of the 1999 Constitution as amended is a waste of resources and has not achieved anything. Osinbajo, in his goodwill message yesterday at the inauguration of the House of Representatives’ special ad-hoc

committee on the review of 1999 Constitution, said the various amendments to the constitution have strengthened the document and made the nation's democracy better. In furtherance of the review, the House yesterday inaugurated a special ad-hoc committee to superintend over the exercise. Continued on page 9

#WORKING TOGETHER... Former President Goodluck Jonathan (left) and President Muhammadu Buhari during a visit by the former president to the president, on the political situation in Mali, in Abuja...yesterday

Protests Hit Kano, Kaduna, Bauchi, Niger over Insecurity...Page 5


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FRIDAY 16TH OCTOBER 2020 by THISDAY Newspapers Ltd - Issuu