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Chinese loan conditions stall 1,525MW $4bn Mambilla power project


Punch Newspapers
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Okechukwu Nnodim, Abuja
Published 5:30 am
 There were indications on Wednesday that finding $4bn has substantially stalled the construction of Nigeria’s most ambitious power project – the Mambilla Hydroelectric Power project in Taraba State.
The first sign that the project may have run into a financial alley was in was in February when the Minister of Power, Sale Mamman, tweeted that the capacity of the Mambilla project had been revised downward by 50 per cent.
This means that instead of a capacity of the original 3,050 megawatts, the plant had now been revised to 1,525MW. This was to enable the country to save $1bn. The original project cost was $5bn. ....

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Buhari Steps Up Efforts to Combat Insecurity, Orders Border Surveillance


•Bandit commanders met on giving peace a chance, says Niger SSG
•North-east govs back community policing, regional security outfit
•Zamfara imposes curfew on Jangebe
Ejiofor Alike in Lagos, Deji Elumoye in Abuja, Laleye Dipo in Minna and Francis Sardauna in Katsina
President Muhammadu Buhari yesterday raised the tempo in the efforts by his administration to tame the worsening insecurity in the country as he directed the Nigeria Immigration Service (NIS) to increase surveillance at the nation’s borders.
The president, in his speech in Abuja during the virtual inauguration of the NIS Technology Building, stressed the urgent need to improve security around the nation’s borders so that criminals won’t find Nigeria a safe haven to hide and perpetrate their criminalities. ....

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