FG Summons TCN, NERC to Emergency Meeting over Incessant Electricity Grid Collapse Sets up committee to address challenges Again, parts of north thrown into darkness over equipment failure
Emmanuel Addeh in Abuja
The Minister of Power, Chief Adebayo Adelabu has summoned the
leadership of the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) to an emergency meeting over
recent electricity grid disturbances and outright collapses. The grid has experienced up to eight separate cases of disturbances
this year alone, a development that threw the country into darkness. But the minister’s spokesman, Bolaji Tunji, in a statement yesterday
stressed that the minister expressed displeasure at the incidents, which he said, was capable of rubbishing the improvements made in the last
one year. According to the minister, the Continued on page 5
Oando Backs NUPRC’s Plan to Grow Crude Oil Output by Additional 1m bpd...
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Wednesday, October 23, 2024 Vol 29. No 10787. Price: N400
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Obi Laments Unending Bloodshed, Appeals to Security Agencies to Halt Killings...
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Bala Mohammed: PDP Will Resist Any Attempt to Turn Nigeria to One Party State Party postpones NEC to Nov 28 in order to approach Ondo guber in unity, strength Our committee has reconciled NWC members one hundred per cent, Oyinlola declares Chuks Okocha in Abuja and Segun Awofadeji in Bauchi
Bauchi State Governor and Chairman of Peoples Democratic Party (PDP) Governors’ Forum, Bala
Mohammed, yesterday, warned that the opposition party will resist any attempt to turn the country to a
one-party state. Mohammed spoke in Abuja at the opening of a stakeholders meeting.
That was as the various critical with a resolution to reschedule the organs of the party rose from a consultative meeting last night Continued on page 5
Wale Edun: For Reforms To Succeed, Vulnerable Populations Must Be Protected Says Nigeria can tame forex crisis by scaling up oil production Canvasses increased concessional financing for G24 Countries IMF downgrades Nigeria’s growth prospects for 2024 to 2.9%, forecasts recovery to 3.2% in 2025
Obinna Chima, Eromosele Abiodun and Nume Ekeghe in Washington DC Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, stressed the need for Nigeria and other developing countries who are implementing reforms and other forms of structural adjustment programmes to ensure that the vulnerable populations in the respective countries are protected. Edun said this on same day the International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) report downgraded
Nigeria’s growth prospects for 2024, from 3.3 per cent to 2.9 per cent. Responding to THISDAY’s question during a media briefing of the Intergovernmental Group of 24 (G24), on International Monetary Affairs and Development, which is a group of countries that includes members of the World Bank and IMF, as well as other developing countries, Edun noted that developing countries must focus on implementing sustainable reforms at the macroeconomic level while ensuring that the most vulnerable populations are protected from the Continued on page 5
IMF/WORLD BANK GOVERNORS' CONFERENCE IN WASHINGTON DC...
L-R: Deputy Governor, CBN, Muhammad Sani Abdullahi; Minister of Finance and Coordinating Minister of the Economy, Nigeria, Mr. Wale Edun; and the Governor of Central Bank, Mr. Yemi Cardoso during the Inter-governmental Group of Twenty Four (G-24) meeting at the ongoing IMF /World Bank Annual Governors Conference in Washington DC, United States of America (USA)...yesterday PHOTO: ABIODUN AJALA