29042019 - Economy bleeds as power system collapses

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INSIDE

Insurance claims rise faster than premium income

EFCC arraigns Bauchi UTME: We’ve uncovered new gov-elect for alleged 9 scam to defraud bribe-taking today We won’t surrender Benue candidates 13 to criminals —Ortom 8 —JAMB

MONDAY, APRIL 29, 2019

VOL. 26: NO. 63796

Economy bleeds as power system collapses

By Udeme Akpan, Olasunkanmi Akoni & Ediri Ejoh

•Generation drops to 2,039 MW; homes, factories suffer outages •NGC, TCN yet to complete maintenance of Escravos-Lagos pipeline

T

HE economy of Nigeria, over the w e e k e n d witnessed a major setback as consumers – individuals, households, companies and others experienced prolonged power outages, following a huge drop of power supply from 4,000 megawatts to 2,039 mw. An authoritative report obtained by Vanguard from the office of Vice President Yemi Osinbajo stated: “On April 23rd, 2019, average power sent out was 87,061.8 MWh/

FG’s new pay roll system 11 dubious —ASUU I have no regret joining APC —Sen Akpabio 41

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UBA'S 70TH ANNIVERSARY...

Honorary Doctorate Degree for Dangote...

From left: Ogun State Governor-elect, Prince Dapo Abiodun; his Lagos State counterpart, Mr. Babajide Sanwo-Olu; Group Managing Director/ CEO, United Bank for Africa, UBA Plc, Mr. Kennedy Uzoka and Chairman, UBA Group, Mr. Tony Elumelu ,during the 70th year anniversary ceremony dinner of the bank at Eko Hotels and Suites, Lagos, Saturday.

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New Cabinet: Hope rises for Enang, as Akpabio opts for NASS

From left: Vice-Chancellor, Ahmadu Bello University, Prof. Ibrahim Garba; Pro-Chancellor, Dr. Adamu Fika; Chairman/Founder, Aliko Dangote Foundation, Aliko Dangote and Chancellor and the Obi of Onitsha, Igwe Nnaemeka Achebe, during the Conferment of Honorary degree on Aliko Dangote at the 41st convocation ceremony of Ahmadu Bello University, Zaria, Saturday.

COLUMNISTS

OWEI LAKEMFA

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OPERATION PUFF ADDER: Police arrest 18 suspected kidnappers, recover 22 8 AK47 rifles, others SERAP writes Dickson, asks him to reject life pension for Bayelsa 12 lawmakers

SOBOWALE

25

HENRY BOYO

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KOKORI: Labour issues Ngige May 1 ultimatum on NSITF 9 Board Mr & Mrs


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