(i) Leadership Newspaper page 27 reports that, Minister of Power, Abubakar Aliyu, has urged investors to tap into the numerous investment opportunities that abound in Nigeria’s Electricity Supply Industry (NESI).
Minister made this call during the 2-day Nigeria – India business forum held at Transcorp Hilton Abuja.
Details of the story captioned: “Tap into huge investment opportunities in Electricity Industry – Minister”.
(ii) Leadership Newspaper page 1 reports that, Vice President, Yemi Osinbajo, has revealed that federal government is investing more than $2 billion under the Siemens Presidential Power, initiative to boost Transmission and Distribution of electricity from the nation’s national grid.
Speaking during the formal inauguration of the National Council on Infrastructure in Abuja, yesterday, Vice President, said the collaboration between the federal government and the private sector will not only ensure effective coordination of the infrastructure development across the nation, and all sectors of the economy but also bridge the nation’s infrastructural gaps.
Details of the story captioned: “Siemens power initiative: FG investing $2 billing in Distribution, Transmission – Osinbajo”.
Daily Trust Newspaper page 3, Daily Sun page 6 and the Nation page 3 all reported that, House of Representatives committee on finance has directed TCN to provide details of the $33m payment with the Azura Power Plant and other plants under the Niger Delta Power Holding Company (NDPHC).
Chairman of the committee, James Faleke, told the Managing Director of TCN, Engr. Sule Abdulaziz, that Azura power plant failed to deliver the 450MW of electricity to the national grid, which he said is a breach of the agreement signed with TCN for power transmission.
Details of the stories captioned as follows:
Daily Trust: “Fresh crisis rocks N12.66bn monthly deal for Azura power 8 years after AGF faulted pact”.
Daily Sun:“$33m Azura deal: Probe heats up as Reps summon finance, Power Ministers, others”.
Nation: “Finance, Power Ministers to face Reps’ panel over $33m PPA’’.
Punch Newspaper page 21 reports that in 2020, 11 Electricity Distribution Companies also known as DisCos, received 857,108 complaints from consumers representing 32 percent, more than those received in 2019 (648,537 complaints) according to report by the Nigerian Electricity Regulatory Commission, NERC.
Details of the story captioned: “DisCos get 857,108 consumer complaints in 12 months”.
Daily Sun Newspaper page 25 reports that, Attorney General of the Federation and Minister of Justice, Abubakar Malami, stated that the refusal of the sacked Managing Director of the Benin Electricity Distribution Company (BEDC), Funke Osibodu, to vacate office is acting beyond her legal power or authority.
Malami made this declaration in a statement made available to newsmen in Benin City. He cited the recent restraining order strutted by the ousted BEDC boss which she reportedly obtained from an Abuja High Court as illegal, ultra vires, and of no effect.
Details of the story captioned: “BEDC: AGF declares sacked MD’s refusal to vacate office ultra vires”.
Assistant Director (Press)