SUNDAY 1ST MAY 2022

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OPEC Signs Deal to Fund Feasibility Study of $25bn Nigeria-Morocco Gas Pipeline NNPC slashes cash call arrears by $3.717bn in six years Petrol subsidy payments to raise fiscal deficit to N10tn in 2023 Festus Akanbi in Lagos and Emmanuel Addeh in Abuja The Organisation of Petroleum Exporting Countries (OPEC) Fund has announced that it will contribute $14.3 million

to Phase II of the feasibility study for the Nigeria-Morocco Gas Pipeline estimated at $25 billion. This is coming as the Nigerian National Petroleum Company (NNPC) Limited has offset its

cash call debts to International Oil Companies (IOCs) to the tune of $3.717 billion in the last six years, a new report by the national oil company has indicated. However, as the NNPC is

reducing the debts owed the IOCs, rising petrol subsidy claims incurred by the company have continued to take tolls on the economy with analysts projecting that it will raise Nigeria’s fiscal deficit to N10

trillion at the end of the year. To be directly financed by the OPEC Fund for International Development (IFID), the intervention, OPEC said, is meant to support the Moroccan government’s national

development strategy aimed at transitioning to a low-carbon energy system. According to OPEC, it will further diversify the country’s Continued on page 10

NLC Sues for Peace, Security, Good Governance on May Day…

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Sunday 1 May, 2022 Vol 27. No 9882

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Sultan Declares Monday as Eid-el-Fitr

Onuminya Innocent in Sokoto

L-R: Senate President, Dr. Ahmad Lawan; the couple, Henry and Oprah Ohiaeri; Vice President Yemi Osibanjo; Imo State Governor and father of the bride, Senator Hope Uzodimma; and Deputy Senate President, Senator Ovie Omo-Agege at Governor Uzodimma’s daughter’s wedding ceremony at the Maria Assumpta Cathedral, Owerri, Imo State…yesterday

The Sultan of Sokoto and President-General of the Nigeria Supreme Council for Islamic Affairs (NSCIA), Alhaji Muhammad Sa’ad Abubakar III, has declared Monday as the day for the celebration of Continued on page 72

Outrage over APC’s Indecision on Zoning of 2023 Presidency Ruling party’s position careless, ill-considered, says PANDEF APC’s claim, an invitation to anarchy, South-south Elders’ Forum warns Withdraw statement on zoning, Arewa youths tell Adamu APC must zone presidency to South-east, Ohanaeze insists Deji Elumoye, Sunday Aborisade in Abuja, Segun James in Lagos, Christopher Isiguzo in Enugu and Blessing Ibunge in Port Harcourt

Condemnations have trailed the claim by the ruling All Progressives Congress (APC) on Friday that

it had not decided on where to zone its presidential ticket for the 2023 elections. Governor Nasir el-Rufai of Kaduna State had before the party’s March 26 National Convention, Continued on page 5

CONSULTATIVE VISIT… Ekiti State Governor, Dr. Kayode Fayemi (left), and his Anambra State counterpart, Prof. Charles Soludo, during his visit to the governor's office in Awka, Anambra State...yesterday

Jonathan's Rumoured Ambition Poses No Threat, Say Osinbajo, Tinubu’s Support Groups... Page 72 `| T r >3x Z`n3Ő


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