Nigeria Secures $1.5bn Loan From US to Boost Solar Power Infrastructure Buhari: Initiatives would help develop local capacity through technology transfer Deji Elumoye in Abuja Nigeria has secured a $1.5 billion loan from the US-EXIM Bank to boost solar power infrastructure in 10 different locations in the country. Chief Executive Officer
(CEO) of SUN Africa LLC, USA, Adam Cortese, disclosed this yesterday while speaking with newsmen after a meeting of a delegation of the company with President Muhammadu Buhari at the State House, Abuja.
Cortese explained that the loan was a government-to-government facility on a concessional rate of over 20 years. According to him, the Niger Delta Power Holding Company (NDPHC) will own the assets,
which he said would not only generate low cost electricity but also enable the company to pay back the loan. Cortese stated, "Once again, this is government-to-government financing. It's built upon the
success that we've had in Angola recently, where we've delivered roughly $2.6 billion of solar PV storage and transmission capacity. "I think the important point to note here is, yes, it's a government-to-government loan,
from the US-EXIM Bank to the government of Nigeria, but it's being done on a concessional rate; over 20-year tenure, which is extremely attractive. Continued on page 5
Insecurity: We'll Remove Senate President if He Blocks Buhari's Impeachment, Says Fadahunsi... Page 8 Friday 5 August, 2022 Vol 27. No 9978. Price: N250
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Kwara Under AbdulRazaq Utilising Our Grants Efficiently, Says UBEC... Page 32
Adamu: APC's All Muslim Ticket Positive Development Party names Lalong, Keyamo campaign DG, spokesman I was chosen not as Christian, says Plateau governor Shettima asks opposition candidates to name people they mentored like Tinubu
Deji Elumoye in Abuja The All Progressives Congress (APC) yesterday rose in stout
defence of its all Muslim presidential ticket saying it signposts positive development for Nigeria.
This was just as the party also announced the Governor of Plateau state and Chairman of Northern Governors (NGF), Simon
Lalong and Minister of State for Labour and Employment, Festus Keyamo as the Director General and Acting Spokesman of Bola
Tinubu Presidential Campaign Organisation respectively. Speaking with newsmen after a close-door meeting with
President Muhammadu Buhari at the State House, Abuja, APC Continued on page 5
At Last, Atiku, Wike Meet, Move to Resolve Their Differences Former VP throws down the gauntlet, says Nigeria can't make progress without restructuring PDP presidential candidate appoints Dino Melaye, Daniel Bwala spokespersons Ayu: Osun election signposts victory for PDP in 2023 Chuks Okocha in Abuja Former Vice President and presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar and the embittered Governor of Rivers State, Mr. Nyesom Wike yesterday met in Abuja, in a move aimed at resolving the differences in the main opposition party ahead of the 2023 general elections. A reliable source told THISDAY
that the meeting took place at the residence of Prof. Jerry Gana at Asokoro. Also, Atiku yesterday stated that restructuring was the solution to Nigeria’s multifarious problems, embracing a time-honoured panacea that successive governments have chosen to ignore, and throwing down the gauntlet to a political class plagued by a corrupt tendency Continued on page 5
JOINT EFFORT TO CURB FOREX SPECULATION... Executive Chairman, EFCC, Abdulrasheed Bawa (left) and Comptroller General, Nigeria Immigration Service, Idris Isah Jere, after a closed door strategy session on improved synergy in the ongoing efforts to stem illegal Forex speculation by foreign nationals at the NIS Headquarters, Abuja...yesterday
Ex-Inspector General of Police, Tafa Balogun Dies at 74...
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