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Tuesday, December 23, 2014

Bomb blast hits Bauchi market


Bomb blast hits Bauchi market

Filed under: Breaking News |
An explosion shook a busy market in Bauchi on Monday, engulfing it in flames and causing an unknown numbers of casualties, witnesses have said.
Large sections of the central market area were on fire, sending plumes of smoke into the air, he said. Medics were driving some wounded away in ambulances.
The explosion hit hours after a double bomb attack in the main city of neighbouring Gombe state killed at least 20 people  and wounded 40.
No group immediately claimed responsibility for the attack in the city of Gombe. Boko Haram insurgents have repeatedly set off bombs targeting civilians, especially in the northeast where they are trying to carve out an Islamic state.
“The second blast was worse than the first one because many people rushed to the scene and were affected. Many were killed and many injured,” witness Mohammed Fawu told Reuters by phone.
Setting off twin bombs is a classic guerrilla tactic which seeks to maximize casualties.
Hours later, an explosion shook a busy market in the north Nigerian city of Bauchi on Monday, engulfing it in flames and causing an unknown numbers of casualties, a Reuters witness said. Large sections of the central market area were on fire, sending plumes of smoke into the air.
Medics were driving some wounded away in ambulances. Bauchi state and Gombe state are next door to each other.
The official from the National Emergency Management Agency (NEMA), who declined to be named, said 20 were confirmed dead so far and that 40 wounded were currently being treated.
The blast had been caused by bombs but it was not yet known whether a suicide bomber was involved.
“I watched as the corpses were being evacuated by the police. They all died in the buses,” said Hadiza Suleiman, an undergraduate student, adding that she had seen 20 bodies.
The military did not immediately respond to a request for comment.
Violence in the northeast is killing civilians on a daily basis — about 10,340 this year, according to the Council on Foreign Relations think tank.
It was the second such attack on Gombe’s public transport system in as many months. At the end of October, a car bomb at a bus stop killed at least 10 people.
The campaign for an Islamic state by Boko Haram, whose name means “Western education is sinful,” has become the gravest security threat to Nigeria, which is Africa’s biggest economy, most populous nation and top oil producer.
The killings and abductions raise questions about the ability of security forces to protect civilians, especially around the Cameroon border in the north.
Cameroon said on Monday it had dismantled a Boko Haram training camp, arresting or killing dozens of militants and rescuing 84 children being trained there.
Reuters

Central Bank of Nigeria (CBN), Ministry of Petroleum Resources, Ministry of Power and the Nigerian Electricity Regulatory Commission (NERC) sign MoU on the CBN-Nigeria Electricity Market Stabilization Facility (NEMSF)


Central Bank of Nigeria (CBN), Ministry of Petroleum Resources, Ministry of Power and the Nigerian Electricity Regulatory Commission (NERC) sign MoU on the CBN-Nigeria Electricity Market Stabilization Facility (NEMSF)
Description: Central Bank of Nigeria (CBN), Ministry of Petroleum Resources, Ministry of Power and the Nigerian Electricity Regulatory Commission (NERC) sign MoU on the CBN-Nigeria Electricity Market Stabilization Facility (NEMSF)

The Central Bank of Nigeria (CBN), in what has been described as an uncommon collaboration with the Ministry of Petroleum Resources, Ministry of Power and the Nigerian Electricity Regulatory Commission (NERC), has opened a new vista in Nigeria’s power sector with the signing of Memoranda of Understanding (MoU) on the CBN-Nigeria Electricity Market Stabilization Facility (NEMSF).

In his welcome remarks at the epoch event held at the Abuja Hilton Hotel on Tuesday, November 18, 2014, the CBN Governor, Mr. Godwin Emefiele, CON, said the facility would kick-start the electricity market in order to ensure that the power sector delivers tangible improvements in power supply for the benefit of all Nigerians.

According to him, the CBN, in partnership with Deposit Money Banks (DMBs) in Nigeria, would provide the facility to address shortfalls in power sector revenues caused by needed adjustments in electricity tariff basic gas debt and in the process reset the economics of the power sector. He added that the facility would be repaid in the life-time of the rest electricity tariff.

Description: Central Bank of Nigeria (CBN), Ministry of Petroleum Resources, Ministry of Power and the Nigerian Electricity Regulatory Commission (NERC) sign MoU on the CBN-Nigeria Electricity Market Stabilization Facility (NEMSF)

He therefore charged the beneficiary companies to ensure they repay the facility as and when due, even as he urged them to ensure that all input into the generation of power are ramped up in a consistent manner. He also stressed the need for them to invest the funds in generation plants maintenance, transmission upgrades and distribution networks.

While commending President Goodluck Jonathan for his support for the process and other players in the sector for their commitment, he emphasized that more still needed to be done to ensure that the nation gets to the finish line of the process.

Also speaking at the occasion, the Minister of Petroleum Resources, Mrs. Dieziani Allison-Madueke expressed delight that the interventions in the power sector were yielding the desired results. She particularly commended the CBN-led intervention in the sector, which had led to the settling of all legacy debts totaling N36.9 Billion owed to gas suppliers by the PHCN.

Description: Central Bank of Nigeria (CBN), Ministry of Petroleum Resources, Ministry of Power and the Nigerian Electricity Regulatory Commission (NERC) sign MoU on the CBN-Nigeria Electricity Market Stabilization Facility (NEMSF)

Going forward, she said appropriate security mechanisms will be put in place to ensure that gas sold to the power sector is paid for. She said the gas suppliers, in reciprocating the gesture, had made a commitment to ensure that they supply enough gas to the power sector.  

In his remarks, the Minister of Power, Professor Chinedu Nebo, while describing the process as tortuous and grueling, expressed gladness that the synergy among the major players had translated into the tremendous progress made in the power sector since the privatization process in 2013.

Prof. Nebo thanked President Jonathan for his leadership in ensuring that the process was seen through. He also commended the scope and speed of the intervention championed by the Central Bank of Nigeria, describing the Governor, Emefiele, a “game-changer” in regards to the power sector.

The representative of the Chairman, Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, Dr. Eyo Ekpo lauded the collaborate effort among the key players in establishing a firm foundation for the Nigerian power sector.

According to him, through such collaboration, the power sector in Nigeria is now an enabler and not a disenabling sector.

Highpoint of the event was the signing of the Memoranda of Understanding (MoU) by the Central Bank of Nigeria (CBN), the Ministry of Petroleum Resources, Ministry of Power, the Nigerian Electricity Regulatory Commission (NERC), and representatives of the Distribution Companies and the Generation Companies.