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Eno’s Govt Clarifies Sales Of Akwa Ibom Power Company.
The Akwa Ibom State Government has dismissed claims that it plans to sell the state-owned Ibom Power Company, describing them as false, malicious, and entirely unfounded.....KINDLY READ THE FULL STORY HERE▶
The Commissioner for Information, Aniekan Umanah, in a statement issued in Uyo on Thursday, clarified that the administration of Governor Umo Eno has no intention of selling the power facility and urged the public to ignore the misleading publication by a Uyo-based tabloid, Guide Newspaper.
“The publication contains wicked fabrications and should be rejected in its entirety. At no point has the government approved the sale of Ibom Power Company, whether as scrap or otherwise. Such claims exist only in the imagination of mischief-makers seeking to mislead the public and undermine ongoing sector reforms,” the statement read.
Umanah emphasized that the government is focused on repaying the $9 million loan obtained by the power company from Afreximbank to strengthen the facility for sustainable operations. He noted that Governor Eno approved a structured quarterly repayment of $560,000 on March 15, 2025, to gradually eliminate the debt and relieve the company of financial burdens.
“This action reflects a government committed to revival, stability, and long-term value preservation—not liquidation,” he added.
Acknowledging current power outages in parts of the state, the commissioner clarified that electricity transmission and distribution remain outside the state government’s direct control. However, the government is actively engaging relevant agencies to resolve the issues and improve supply for residents and businesses.
Umanah also revealed that a structured Private Sector Participation programme has been launched to reposition Akwa Ibom’s electricity sector through a concession framework covering generation and distribution assets, including Ibom Power Company Limited.
The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has said that the Peoples Democratic Party (PDP) approved the appointment of Nyesom Wike as a minister in President Bola Tinubu’s administration.....KINDLY READ THE FULL STORY HERE▶
Yilwatda made the statement on Wednesday during a media chat in Abuja, while addressing questions about Wike’s continued membership of the PDP despite serving in an APC-led government.
He explained that the appointment was not unusual, noting that past administrations had also appointed opposition members into ministerial positions.
According to him, former ministers such as Bala Mohammed and Adamu Aliero served under PDP-led governments despite their party affiliations at the time.
“President Jonathan discovered Bala Mohammed was good enough and brought him from ANPP,” he said.
“Aliero was also appointed by President Yar’Adua from ANPP because of his experience,” he added.
Yilwatda argued that criticism of President Tinubu over Wike’s appointment was unfair, insisting it followed past political precedents.
He also cited other opposition figures currently serving in the government, saying the focus on Wike alone was selective.
The APC chairman further claimed that Wike formally notified the PDP National Working Committee in 2023 before accepting the ministerial appointment, and that the party gave its approval.
“Wike wrote the National Working Committee of the PDP before he took the appointment,” he said.
“The National Working Committee approved that he should come and serve.”
Yilwatda maintained that Wike’s position in the current administration was with the consent of the PDP, not solely the APC.
A United States lawmaker, Kimberly Daniels, has called on President Bola Ahmed Tinubu to either redeploy or sack Minister of State for Defence, Bello Matawalle, over concerns linked to Nigeria’s worsening security situation.....KINDLY READ THE FULL STORY HERE▶
What is the dollar to naira exchange rate in the black market (also known as the parallel market or Aboki FX)?....KINDLY READ THE FULL STORY HERE▶
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