FRIDAY 8TH JANUARY 2021

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NNPC Seeks $1bn in Oil Prepaid Deal to Revamp Refinery Repayment due in seven years Emmanuel Addeh in Abuja with agency report The Nigerian National Petroleum Corporation (NNPC) has begun talks with trading firms to raise about $1

billion in a prepayment deal to refurbish its largest refining complex at Port Harcourt, it was learnt yesterday. Reuters reported that if the financing is concluded, the long overdue rehabilitation

of the refinery should reduce Nigeria’s hefty fuel import bill. The development will mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding

investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money will be repaid over seven years through deliveries of Nigerian crude

and products from the refinery once the refurbishment is complete, Reuters quoted some sources as saying, adding that Cairo-based Afreximbank is leading the financing. “Afreximbank is looking into

a facility for the refurbishment of the Port Harcourt Refinery. However, the borrower is yet to be determined,” a spokesman for the bank told Continued on page 9

Bowing to Pressure, FG Directs Reversal of New Electricity Rates... Page 8 Friday 8 January, 2021 Vol 26. No 9406. Price: N250

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In Backlash, Congress Leads Charge for Trump’s Removal Biden delivers stinging rebuke of would-be predecessor President's appointees resign in protest over insurrection Dike Onwuamaeze President Donald Trump yesterday faced a stirring revolt from the United States

political establishment after he incited a mob to assault the Capitol, as part of his agenda to steal victory from President-elect Joe Biden.

There is a growing bipartisan clamour in the legislature for Trump to be declared unfit for office and for his forcible removal.

The mob, who are now being dubbed domestic terrorists, marched on the Capitol after the president had addressed them, with a

vow to join them to stop the certification of Biden’s win in the November 2020 election. The insurrection disrupted the certification process as

the lawmakers were ferried out of the building as the Trump supporters smashed Continued on page 9

FG: Buhari, Osinbajo, SGF to be First Recipients of COVID-19 Vaccines Vaccination to be televised to gain public support Urges govs to enforce health regulations Onyebuchi Ezigbo and Olawale Ajimotokan in Abuja The federal government yesterday listed President Muhammadu Buhari, Vice President Yemi Osinbajo and the Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, among the first set of Nigerians to be administered with COVID-19 vaccines, when the country takes delivery of the first batch by the end of the month. The Executive Director, National Primary Health Care Development Agency (NPHCDA), Dr. Faisal Shuaib, at the Presidential Task Force (PTF) on COVID-19 press briefing in Abuja, said their vaccination would be televised to inspire public confidence in the safety of the vaccines. He had said on Tuesday that Nigeria was hoping to get 42 million COVID-19 vaccines to cover one fifth of its population through

the global COVAX scheme. He had explained that the initial vaccines would come as part of Nigeria's plan to inoculate 40 per cent of its population this year and another 30 per cent in 2022, with shipment of 100,000 doses of the Pfizer vaccine due to arrive by the end of the month. Shuaib, at yesterday's briefing, however, said the federal government would prioritise the first set of people to be vaccinated. “In terms of the prioritisation of vaccines and strategic country leadership, what it means that I had mentioned that we will like to see a situation where Mr. President, the vice president, the SGF and critical leaders come and take the vaccine in full glare of the public to demonstrate that this vaccine is safe. “So, we have to make provisions for those. But even Continued on page 9

EXPECTING BUA GROUP IN KWARA... Chairman, BUA Group, Alhaji Abdul Samad Rabiu (left) and Kwara State Governor, Alhaji Abdulrahman Abdulrazaq, when the governor visited the company, in Lagos...yesterday

NUC Directs Varsities to Reopen January 18, After 10-month Closure... Page 5


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