Wednesday 1-7 May, 2019 Edition

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‘Why beg for Biafra when it’s already here?’

By IBE NWACHUKWU

T

he Ogilisi Igbo and Igbo spiritual leader, Chief Rommy Ezeonwuka has stated that Ndigbo do not need to beg anybody to give them Biafra because they are al-

•Nourish Biafra by thinking home, Ezeonwuka,Ogilisi Igbo, urges Ndigbo ready Biafrans based on its declaration in May, 1967 by the late Dim Chukwuemeka Odumegwu-Ojukwu. He said that what is required now is just to nur-

ture the Biafra to stardom by bringing home all our industries and properties outside Igbo land and labeling all our products madein-Biafra.

The

VOX POPULI SACRUM

Speaking to newsmen in his office recently, Ezeonwuka noted that it looks stupid for some to say give me my thing because according to him, “we already have Bi-

WEDNESDAY May 1 - 7, 2019

afra. All we need is to nurture it”. “For instance, he continued, It is out of stupidity that our people who prospered with only 20 pounds shortly

after the civil war, went and developed Abuja, lagos and other parts of the country, leaving our own Igbo land under-developed”. “Nobody stops us from establishing viable industries in Igbo land, manufacture

racle www.oraclenews.ng

ISSN: 2545-5869

Cont’d on page 2

Today

VOL.4 No.17 N200

Oil sector groans under unmet targets

•Targets missed since 2006 •Projections set for 2019/2020 from 2015 missed •Fresh targets pushed to 2025 •Virtually all Kachuckwu’s projections off mark •Only Dangote Refinery on line to meet target

...As power sector debts soar above N1 tr

•Discos’ reliance on estimated bills fraudulent •Intervention funds inadequate, hardly released

T

he Federal government is processing release of another N600 billion to help resolve over one N1tr debt disputes that currently threaten fresh investments in the gas-topower programme. However, it is not clear whether the intervention would be enough to resolve the mounting debts across the full industry supply relay involving gas suppliers, power producers, electricity transporters and supply brokers in the chain. It is also not clear how

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the fund injection would improve supply of electricity in the sector where key issues revolve around capacity and efficiency in electricity distribution, and revenue collection for cost and margin recovery from the market.

The current N600 billion, though not yet visible to stakeholders that play in the industry, would be the third in the routine interventions to resolve debt im-

Full story on Pg????

Traders shut Computer Village to protest installation of “Iyaoloja” Pg 4 in Tech hub

•Ibe-kachikwu

•Babatunde Raji Fashola

In praise of Zenith Bank’s smooth transitions


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