In Boost to Power Sector, Afreximbank’s FEDA Acquires Stake in Geregu Power Plc The African Export-Import Bank’s (Afreximbank) Fund for Export Development in Africa (FEDA) has announced that it has received internal approvals to acquire a strategic minority stake in Geregu
Power Plc. Afreximbank disclosed this in a statement obtained yesterday. FEDA is the development impact investment platform of Afreximbank with the mandate of providing
capital towards advancing intraAfrican trade, export development and industrialization in Africa. As part of its intervention efforts in the Africa’s energy sector, FEDA has made a strategic decision to sup-
port leading energy platforms across Africa, including the renewables and transition fuels sectors. Geregu Power, one of Nigeria’s leading power generation companies with a capacity in excess of 430
megawatts, is a highly strategic asset to realising Nigeria’s power sector roadmap. According to the statement, FEDA aims to support the business as a minority investor and
work with the current owners and management team to drive the expansion of the business over the next few years. Continued on page 12
Fitch Predicts Slow Economic Growth for Nigeria in 2023, to Rise to 3.3% in 2024... Page 5
Wednesday 28 December, 2022 Vol 27. No 10122. Price: N250
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Buhari Condemns Police Killing of Omobolanle Raheem in Lagos
Assures family of justice Directs police authorities to take immediate steps against culprits Sanwo-Olu’s delegation visits deceased family NHRC insists officers bearing arms must be mentally balanced Stop killing innocent Nigerians, LERSA tells police
Deji Elumoye, Michael Olugbode in Abuja and Segun James in Lagos
President Muhammadu Buhari has condemned the “heinous and senseless” killing of a member of
the Nigerian Bar Association (NBA), Omobolanle Raheem, who was shot in Lagos by policemen on
Christmas Day Buhari said on Monday night that he was deeply shocked and
saddened to learn of the brutal killing. He directed the police authorities to take “the strongest
possible action” against the culprits, Continued on page 12
Obaseki: Atiku, Best Positioned for Nigeria Gbajabiamila:Tinubu’s Records Stand Him Out Atiku's victory sure at first ballot, says campaign council
Chuks Okocha, Sunday Aborisade, Udora Orizu in Abuja; Adibe Emenyonu in Benin City and Gbenga Sodeinde in Ado Ekiti Edo State Governor Godwin Obaseki has said the opposition Peoples Democratic Party’s (PDP) presidential candidate, Alhaji Atiku Abubakar remains the best among the men seeking to Nigeria’s presidency in next year’s election that have the capacity to transform the country. Obaseki disclosed this in an exclusive interview with THISDAY. This was just as the Speaker of the House of Representatives Hon. Femi Gbajabiamila, has said the presidential candidate of the All Progressives Congress (APC), Bola Tinubu, stood out from other candidates, because of his track record. Speaking during a meeting with leaders of Community Development Associations (CDAs) in Surulere, Lagos State, Gbajabiamila said Nigerians should vote for Tinubu, because of all Continued on page 12
Ebenezer Onyeagwu's SON Walks down the Aisle...
L-R: Parents of the bride, Mr. Obi Enemo and his wife, Prof. Ifeoma Enemo; groom's mother, Kachi Onyeagwu; Couple, Daniel Ifeanyi Jubar and Kenechukwu Manchisa; Akwa Ibom State Governor, Udom PHOTO: MUBO PETERS. Emmanuel and the groom's father/Managing Director, Zenith Bank, Mr. Ebenezer Onyeagwu, during the wedding ceremony held at Church of Resurrection in Lagos...yesterday
Nigeria an IDP Camp, Says Peter Obi... Page 45