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Power Generation To Drop For Six Days

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L-R: Director, Securities and Exchange Commission, Mrs Mary Uduk, President, Chartered Institute of Stockbrokers, Mr Ariyo Olushekun, Chairman, Bancorp  Plc, Mr Tola Mobolurin, Managing Director, Partnership Investment Company Plc, Mr  Victor Ogiemwonyi and Chairman,Nigeria Electricity Regulation Commission, Dr Sam Amadi, at the 17th Annual Stockbrokers Conference in Lagos last Thursday. Photo: NAN.

L-R: Director, Securities and Exchange Commission, Mrs Mary Uduk, President, Chartered Institute of Stockbrokers, Mr Ariyo Olushekun, Chairman, Bancorp Plc, Mr Tola Mobolurin, Managing Director, Partnership Investment Company Plc, Mr Victor Ogiemwonyi and Chairman,Nigeria Electricity Regulation Commission, Dr Sam Amadi, at the 17th Annual Stockbrokers Conference in Lagos last Thursday.
Photo: NAN.

Electricity generation in the country is expected to drop by 400megawatts beginning from Monday through Saturday this week, the Transmission Company of Nigeria has said.
This, according to TCN, will lead to a six-day nationwide power rationing.
The firm, in a statement on yesterday, explained that the drop in power generation would be as a result of maintenance work on one of Shell Petroleum Development Company’s gas plant.
TCN said, “There will be a reduction in generation output by 400MW, from Monday 4th to Saturday, 9th November, 2013.This is due to the SPDC’s scheduled maintenance work on Okoloma gas plant supplying gas to Afam VI power plant, thereby leading to the shutdown of the power plant, resulting in nationwide power rationing.”
TCN said the shutdown of Afam VI power plant became necessary to allow SPDC inspect and carry out routine maintenance work on the Okoloma natural gas station in Afam, Rivers State, to ensure its technical integrity.
Menwhile, As the Federal Government hands over the power sector to new core-investors in the country  President Goodluck Jonathan on Sunday said  the Federal Government would ensure that the new investors in the power sector would not rip off Nigerians.
Jonathan gave the assurance in his message at the third session of the sixth Synod of the Church of Nigeria, Anglican Communion in Ihiagwa, Owerri, in Imo, yesterday.
He restated the Federal Government’s commitment to improve infrastructure as well as ensure that the power sector performed better than the telecommunications industry.
Represented by Chief Chukwuemeka Nwogu, the Minister of Labour, Jonathan said the privatisation of the power sector would make electricity sufficient for the nation.
“There will be power all over the country; all we need is for everybody to support the government to achieve our goals,” he said.
The president also said government was working hard to reposition the railway sub-sector, adding that that trains were already operating on the North-South routes.
“The eastern corridor would soon be resuscitated. We are taking bold steps to tackle the problems of the country and by the grace of God, we will succeed,” he said.
On the proposed national conference, he said he was convening it to enable Nigerians to discuss the issues in the country.
“Let us talk and settle the issue of church burning, bombing, ethnicity and various other problems bedeviling the country. Everyone must be involved,’’ President added.
The Bishop of Egbu Diocese, Rt. Rev. Geoffrey Okorafor, prayed for the president and the nation, and sued for support of peace and development processes in the country.

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Why Wike Is Playing God In Rivers -Asari Dokubo

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A former Niger Delta militant, Asari Dokubo, has claimed that the Minister of the Federal Capital Territory, Nyesom Wike, is “playing god” in the current political crisis that has pitched him against the Rivers State Governor, Sir Siminalayi Fubara.
Dokubo also chided President Bola Tinubu for, according to him, handing over “Rivers and Bayelsa” to the ex-governor.
“He is now playing god. It is dead on arrival, all those things that he is doing,” Dokubo said in a video that surfaced on X.com on Monday.
He added, “I advise my friend, President Bola Tinubu; what you are doing to all Ijaw, Ikwerre people in Rivers State (sic). You took Rivers state and gave it one man”
In April, Fubara revealed that the administration has raised the monthly Internally Generated Revenue of the state from N12 billion which he met upon assumption of office to N27 billion.
Dokubo described the development as commendable while alleging that the governor only had access to N6 billion when he assumed office.
“The governor had come out to say that the IGR for Rivers State is now N27bn up from N12bn. The governor is even being economical with the truth. When the governor came in, they were giving him a paltry sum of N6bn,” he said.
Meanwhile, in another twist to the ongoing crisis, Fubara on Monday said that he would set up a panel of inquiry to look into the affairs of governance in the state.
He disclosed this during the swearing-in and administration of the oath of office on Dagogo Iboroma, SAN, as the Attorney General of the state and Commissioner for Justice.
The governor criticized recent comments by the former Attorney-General of the State and Justice Commissioner, Prof. Zacchaeus Adangor, SAN, who resigned from his cabinet over a fortnight ago and urged the new Attorney-General to defend the state.
He stated, “It is not the one that while you were here… the only thing you do is to sabotage the government.
“Instead of you to close your mouth, you publicly claim that you’re a learned person to tell people that you’re the Chief Law Officer. Chief Law Officer, you were here and went to stand before a Magistrate Court.
“At that time you didn’t remember that you’re a Chief Law Officer going against the ethics of your job.”

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Investors, Tourists To Get Visa Within 48 Hours, FG Assures

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The Federal Executive Council chaired by President Bola Tinubu has approved the establishment of a tripartite committee to streamline visa processes and acquisition for investors interested in investing in Nigeria.
The Minister of Information and National Orientation, Mohammed Idris, revealed this, yesterday, after the FEC meeting held at the Council Chambers of the Presidential Villa, Abuja.
“Our visa processes are becoming cumbersome. The ease of doing business is also tied to our visa processes.
“Going forward, those investors, tourists would find it easy to acquire a visa within the next 48 hours,” Idris said.
The meeting which began on Monday was adjourned till Tuesday to allow for other “far-reaching” decisions, the information minister had told journalists.

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Panel To Probe Governance In Rivers Underway -Fubara …Swears In Iboroma As New Attorney-General

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Rivers State Governor, Sir Siminalayi Fubara, has declared his readiness to set up a panel of inquiry to look into the affairs of governance in the state.
Fubara disclosed this during the swearing-in and administration of the oath of office on Dagogo Iboroma, SAN, as the new Attorney General of the state and Commissioner for Justice.
The governor criticised recent comments by the former Attorney-General of the State and Justice Commissioner, Prof. Zacchaeus Adangor, SAN, who resigned from his cabinet over a fortnight ago and urged the new Attorney-General to defend the state.
Fubara stated, “It is not the one that while you were here… the only thing you do is to sabotage the government.
“Instead of you to close your mouth, you publicly claim that you’re a learned person to tell people that you’re the Chief Law Officer. Chief Law Officer, you were here and went to stand before a Magistrate Court.
“At that time you didn’t remember that you’re a Chief Law Officer going against the ethics of your job.”
Addressing the new AG, the governor said, “You have a big task. As it is today in the local parlance, they say the jungle has matured. We will be setting a panel of inquiry to investigate the affair of governance.”
The governor further said there was a deliberate attempt to sabotage his administration, saying, “If we disagree, no matter how bad it is, it should be resolved.
“But it has become very clear that this disagreement there is no headway to it, and for many reasons, there is very visible evidence that there is sabotage, a deliberate attempt to sabotage this administration.
“Maybe where they are they are telling them nothing will happen, it is happening here live, we have our own legislators that are performing their duties according to the Constitution. So that record is threatened.”

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