Connect with us

News

NNPCL Assures Adequate Fuel Supply Up Till 2024

Published

on

Melee-Kolo-Kyari-NNPC-GMD
Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari
Share

***As Akpabio Insists On Modular Refineries For More Jobs, National Security 

The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, has assured the Senate of adequate fuel supply saying that  the country will not see fuel qeues in the next three months.

NNPCL GMD made this known during a courtesy visit to the leadership of the Senate in Abuja, stated that the passage of the Petroleum Industry Act (PIA) has ensured that “energy supply is stable, creating cheaper energy” for Nigerians .

He disclosed that the Corporation has “robust supply plants from now until next year; we have always planned for three months. And I guarantee you your Excellency that we will not see any shortages in our country.”

“You may see a number of scattered reports that of filling stations that people will call it qeues. They are not.”

He also revealed that the oil giant occupies over 30 percent of the downstream sector in the oil and gas business, adding that the Corporation will “optimally provide” petroleum to consumers.

While linking the challenges in the sector to oil theft and pipeline vandalisation, Kyari said that the country has recovered up to N1.7 million barrels of crude oil following increases monitoring and supervision of the facilities by independent pipeline security companies, and the military.

He said “in the last 5-6 months government security agencies and private security companies have done things differently, and it has yielded results.”

He underscored that the oil regulator aims at meeting its targeted contribution to the budget, as he stressed that “with all the ongoing activities and engagements, with the support of Mr President around how to contain the issues of infractions on our pipelines, the actions of vandals which we have been getting the support of the Senate to make sure that something is done about itll to bring it to the bearest minimum; so that oil pipelines are restored, so that we can continue to increase production, and the confidence of investors so that no one would produce oil when he is not sure of producing oil for the future market.”

He assured the leadership of the Senate that the NNPCL would restart the Port Harcourt refinery in December, followed by the Warri refinery to start in the first quarter of 2024.

He added that these would be complimented by small scale refineries, as he underscored that the Corporation has recorded a N274 million profit in 2021, a growth from 2018.

Accordingly, Kyari maintained that the NNPCL may post profit in excess of N2 trillion in 2023; adding that in 2024 Nigeria will be a net exporter of petroleum products.

On his part, the Senate President, Godswill Akpabio, tasked the management of the NNPCL to seek ways of deepening the consumption of locally produced petroleum products.

He also called for the establishment of modular refineries, as well as the renovation of existing ones “to create a multiplier effect which will include creation of jobs for our teeming youths, and more security for the country.”

He also explained efforts by the Upper Chamber of the National Assembly to end oil theft and pipeline vandalisation which, according to him, was costing the nation revenue losses.

The Senate President further revealed that the Red Chamber would partner with the NNPCL in creating legislations that would smoothen ease of business for stakeholders in the oil and gas sector.

While commending the Corporation for ensuring an end to the fuel subsidy regime, the Senate President called for capacity building for legislatures to ensure proper legislative input in the sector.

Addressing the delegation from the oil giant, Senator Akpabio said, “Nigerians want to hear good news and you came with a very good news. And this is good news.”

He expressed satisfaction at the resolution of the deficit in the account of the Corporation, he said that the Senate is “a people focused Senate” that is set to bring benefits to Nigerians.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

#EndSARS Movement Was Funded From US To Ambush Tinubu From Becoming President – Bisi Akande 

Published

on

Asiwaju Bola Tinubu
President Bola Ahmed Tinubu
Share

The former interim National Chairman of the ruling All Progressives Congress (APC), has claimed that the #EndSARS movement was designed and funded from the United States of America against President Bola Tinubu.

According to him, the #EndSARS movement was heavily funded from the US with support from America and only brought to Nigeria to ambush Tinubu from becoming President.

Speaking in an interview with Edmund Obilo, as seen in a video which has now gone viral on social media, he mentioned that the .obedient movement were the ones behind the #EndSARS movement and protest.

He added that it was after the protest they attempted to transform into a political party and when it became impossible, they all migrated into another political party.

“EndSARS was designed to be the end of Tinubu. Those behind the EndSARS knew that’s what they were doing,” Akande declared during the interview.

Asked by the interviewer to identify those behind the EndSARS movement, Akande replied, “The obidients.”

“The Obidients were behind EndSARS; it was manufactured in America and brought in just to stop him (Tinubu).

“Obideints came from America to do the EndSARS and later became a movement to form a party, and they couldn’t form a party and joined whichever party,” the APC chieftain said.

Pushing further, the interviewer noted that Obidients are tied to Peter Obi and Akande, in response said: “Well, maybe Obi’s party, I don’t know, maybe Obi’s movement, I don’t know, but the obidients were behind the EndSARS.

“It was well planned with a lot of money from America.”

He added that it was an ambush that President Tinubu wasn’t aware of.

Continue Reading

News

Court Grants Sowore ₦10m Bail

Published

on

Omoyele Sowore
Share

The judge gave him 24 hours to perfect the bail conditions or be remanded by the police until the bail is perfected.

The convener of #Revolutionnow movement, Omoyele Sowore, has been granted bail to the tune of ₦10 million and one surety in like sum.

The surety must be a responsible individual with landed property valued in like sum.

The surety is expected to deposit the original documents of landed property and a passport photograph to the registrar of the court.

While ruling on the bail application, the trial judge, Justice Musa Liman, ordered Sowore to deposit his international passport with the registrar of the court.

The judge, however, gave him 24 hours to perfect the bail conditions or be remanded by the police until the bail is perfected.

Sowore had honoured the invitation of the police on Monday, January 27, 2025, when he was questioned at the Force Criminal Investigation Department.

He was subsequently granted administrative bail but rejected the conditions of bail and remained in custody.

The police later filed a 16-count charge of cybercrime against him.

In count three, the police said Sowore on December 20, 2024, through his X handle, called the Inspector General of Police, Kayode Egbetokun, “the illegal IG of Nigeria Police Force”.

Sowore is being accused by the police of posting the picture Egbetokun on his X handle with the caption: “Mediocrity, incompetence, corruption, a country run by characterless people can not make progress”.

The police also alleged that Sowore, through his X handle, said, “IGP Kayode Egbetokun will destroy the Nigeria police if we don’t act now”.

He pleaded not guilty to 16 count charge of alleged cybercrime.

 

Continue Reading

News

Nigeria Was On Life Support When Tinubu Assumed Office – Akpabio

Published

on

President Bola Tinubu and Senate President Godswill Akpabio
President Bola Tinubu and Senate President Godswill Akpabio
Share

The Senate President and Chairman of the 10th National Assembly, Senator Godswill Akpabio, has said the country was on a “life support” as at the time President Bola Tinubu assumed office in May 2023.

Speaking at his 2024 Constituency Briefing and Empowerment Programme held at the Ikot Ekpene Township Stadium, Akpabio, who represents Akwa Ibom Northwest Senatorial District, he called on Nigerians, particularly the people of Akwa Ibom State, to continue supporting President Tinubu as he works to address Nigeria’s economic challenges.

“Nigeria Was on Life Support,” he said.

His stance comes following ongoing major reforms such as the introduction of the tax bills, removal of fuel subsidies, floating of the naira, and others introduced by Tinubu.

Akpabio recounted a conversation with President Tinubu about the state of the economy inherited from the previous administration.

“Nigeria was on life support when Asiwaju Bola Tinubu took over. I once asked him, ‘Are you excited about being president after seeing the economy left behind by Emefiele?’ He replied, ‘I must tell you, I didn’t know it was this bad.’”

The Senate President expressed optimism about ongoing economic reforms, noting that while they may be painful, they are necessary for sustainable growth.

“You did it in Lagos, and you will do it again for Nigeria. It’s just a matter of time. We are praying for you, and God will grant you the wisdom to lead us to El Dorado.”

He advised beneficiaries not to sell their empowerment tools but to use them to uplift their families economically.

“We have enough foodstuff to distribute; there should be no stampede. These items are being extended beyond Ikot Ekpene to other senatorial districts in the state.”

“Your support has not only enhanced our educational experience but also inspired us to strive for excellence. Thank you for your unwavering support.”

Akpabio commended Governor Umo Eno for promoting peace and inclusivity in Akwa Ibom.

“Without peace, there cannot be development. The governor has embraced all Akwa Ibom people, regardless of political affiliations.”

He also acknowledged the governor’s Christmas gesture of distributing 1,000 bags of rice to the APC family in the state and announced an additional 1,500 bags of rice for the PDP State Chairman.

Akpabio praised Senate Minority Leader, Senator Abba Moro, for fostering unity in the Senate.

“Everyone in the Senate has an equal voice, regardless of party affiliation. Opposition is good, but it should be constructive.”

Senator Abba Moro described Akpabio as a leader committed to empowering his people.

“It takes wisdom to know what to give people for lasting benefits rather than instant gratification.”

Senator Asuquo Ekpenyong, Chairman of the Senate Committee on NDDC, called the empowerment programme “mega, marvellous, and magnificent.”

The event was attended by key political and community leaders, including,

Obongemem Ekperikpo Ekpo (Minister of Petroleum Resources, Gas) Senator Ita Enang (APC Chieftain), Senator Ekong Sampson (Akwa Ibom South), Paramount Rulers of Ikot Ekpene and Essien Udim

In closing, Akpabio emphasised the importance of collective effort in building a better Nigeria and assured constituents of continued representation and development-focused initiatives.

 

 

Continue Reading