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Reps Speaker Abbas, Gives NNPCL Marching Order

The Speaker of the House of Representatives, Abbas Tajudeen has asked the Nigerian National Petroleum Company Limited (NNPCL) to come up with creative ways for optimal performance to stemmed years of non-performing public assets in the oil sector.
The Speaker, who spoke today, November 23, when he received the management of the NNPCL, Mele Kyari in his office in Abuja, commended the NNPCL for taking full advantage of the Petroleum Industry Act to maximise its commercial potentials.
He however, decried the state of Nigeria’s refineries such as the one in Kaduna, which he said, has been moribund for over 20 years, even though the staff are being maintained, paid and promoted.
He described the situation as inefficiency and waste of human resources that need to be addressed.
“I am from Kaduna, and the Kaduna refinery has been moribund for more than 20 years. I know of people working there who have been idle all these years receiving salaries and promotions. “This is inefficiency of a worrisome proportion. The company needs to seek creative ways to repurpose staff strength in such facilities to areas where they can remain productive even in the absence of crude oil at the refineries.”
Speaker Abbas called for measures to turn around the losses suffered by the economy, owing to the non-productive state of the refineries, by privatising them for better management and productivity.
The Speaker congratulated the company for redirecting gains of subsidy removal to other productive areas of enhancement that are now adding value to the system as shown by the quantum leap being reported in its revenue profile as presented by the Chief Executive.
He said that the 10th House, and by extension the National Assembly, would fully be behind the company in its fight against oil theft, disclosing that the House has taken the lead in creating a Special Committee on Oil Theft and Pipeline Vandalism, which was inaugurated yesterday, November 22.
Speaker Abbas, who received the NNPC management in company of the Minority Whip of the House, Ali Isa and the chairmen of relevant committees in the oil and gas sector, assured the company of the willingness of the House to always partner with it in repositioning the nation’s economy.
Earlier, the Group Chief Executive Officer (GCEO) of the NNPC Limited, highlighted the areas of improvement in the company, using the instrument of the Petroleum Industry Act.
The company’s chief reiterated that the entity has fully gone commercial with the new law, adding that it was hitherto operating at a loss, recording a negative of N803 billion in 2018.
Kyari said that the changes that happened in the company after the PIA have led to the realisation of N674 billion profit after tax in 2021, and over N2trillion income in 2022.
Kyari said that the company has a projected revenue to the tune of N4.5 trillion as expected income in 2023, adding that having gone fully commercial, the company controls over 30% of the market share in the downstream sector.
“This company is operating just like any other private company providing dividends to its shareholders. We have over 30% of the market share in the downstream sector, which is why no single player can hold this country to random in terms of making products available to Nigerians.
“So when you see queue, it’s really not as a result of scarcity but internal events arising from the actions of marketers, and people can always go to our stations and be served. They are guaranteed quality and accurate quantity of dispensed products.”

Senate Summons FCT Minister, IGP, Over High Rate Of Kidnapping In Abuja

The Senate has resolved to summon the Minister of Federal Capital Territory (FCT), Nyesom Wike and the Inspector General of Police (IGP), Kayode Egbetokun, over the growing rate of kidnappings in Abuja, the FCT.

The Senate also called for the probe of the contract for installation of close circuit television (CCTV) in Abuja where $500 million was spent, but the contract was not executed.

The Senate’s resolution was based on Senator Ned Nwoko’s motion on “Urgent need to stop the Galadimawa kidnappings: need for security agents to act.”

Coming under matter of urgent national importance, Nwoko said that the rate of kidnappings in the country has entered the Federal Capital Territory (FCT), Abuja,  “undermining the very essence of safety and security.”

He said that 19 persons, including his Senior Legislative Aide, Barrister Chris Agidi were kidnapped in Galadimawa area of Abuja, adding that information from security agencies had confirmed that 12 of them have lost their lives.

In his contribution, Senator Enyinaya Abaribe (APGA, Abia South) said that it is not only Galadimawa, but many parts of Abuja are under siege, adding: “this is the FCT of Nigeria; if anything, it should be the safest.”

According to him the kidnappers ask for ransom using their cell phones, and they are not traced.”

Senator Adamu Aliero (Kebbi Central), a former Minister of the FCT, lending his support to the motion said “many people are no longer sleeping in their houses.”

Aliero said that when he was FCT minister, contract of $500 million for CCT was awarded, adding: “the contractor installed useless cameras and the citizens are left at the mercy of criminals. 

“This contract must be investigated because it is national embarrassment and shame.”

According to him, the sum of N1.5 trillion was approved for security agents nationwide and the National Assembly must go on oversight to see how the money was utilised.

The Senate President, Godswill Akpabio said that Nwoko’s motion was supported by all the lawmakers and that “it is worrisome that they are turning the FCT upside.”

Therefore, the Senate approved the prayers of motion to call for “joint operations involving the Army, the Air force, the Police, the DSS, to intensify the search efforts for the kidnap victims.

“Urge the FCT Minister to revisit the contract for the installation of CCT cameras within and around Abuja for which 500 million dollars has been paid” and highways and other capital cities to bolster surveillance and detect criminal activities.

“Call on the IGP to urgently increase security patrols and surveillance within Abuja and within the nation to proactively turn back and prevent further criminality.

“Mandate the Committees in Defence and Police Affairs to conduct a thorough investigation into this present kidnapping and other similar incidence in and around Abuja.

“Mandate the aforementioned committees to recommend robust strategies to prevent future kidnapping within the FCT.”

Akpabio assured the senators that Senate Committees on National Security, Intelligence; ICT & Cyber Crime were having a public hearing and will propose amendment to the relevant laws.

He thanked Senator Ned Nwoko for raising the motion and wished that all those who have been kidnapped, including his aide will regain their freedom and return safely.

Petroleum Minister Happy With Waltersmith Refinery, NCDMB Over Improved Domestic Refining Capacity

The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has expressed satisfaction with Waltersmith Group and the Nigerian Content Development and Monitoring Board (NCDMB) for supporting the Federal Government agenda of improving domestic refining capacity.
The minister, who spoke during a facility tour of Waltersmith Petroman Oil Limited, Ibigwe, Ohaji-Egbema Local Government Area of Imo State, commended the company and NCDMB for taking the bull by the horn vy commencing local refining of crude, partially meeting the demand of the local.
“The quickest way to fix our energy challenge in the country should be through modular refineries, while we await the total rehabilitation of the big refineries.”
The 5,000-barrel per stream day Waltersmith Petroman, which has been a stable source of diesel, kerosene, naphta, and high fuel oil to the domestic market since its commissioning in 2020, was for him, a proof of how beneficial such smaller processing plants could be.
Lokpobiri expressed his commendation on the Board for taking up equity in Waltersmith Refinery which quickly facilitated the completion of the modular refinery.
He praised Waltersmith Group, even as he charged companies which had been given the license for modular refineries and marginal field licenses, to take cues from Waltersmith and make deliberate investments.
“If you have a marginal field, an allocation, it is a paper given to you, it doesn’t add value to you or to Nigeria, unless you take it to the next level by making the requisite investment and then adding the value that is expected.
“What I am seeing is that out of the numerous marginal fields that were allocated, only Waltersmith and a few of them have been successfully driven.”
The minister recalled his warning at the recent Nigeria Economic Summit Group (NESG) event in Abuja that marginal field allocations without the requisite investments stand the risk of being cancelled.
“It is important that we make this point so that we can retrieve some of those fields to the basket, so as to reallocate such assets to those able and prepared to develop and exploit them to the benefit of the industry and the nation.”
He said that he had obtained presidential approval to conduct a fresh round of bidding, which would take place soon, promising that “marginal fields would [henceforth] be prioritised in terms of their location to those who have modular refineries, so that they will be able to produce.”
Commending the remarkable success story of Waltersmith, whose Management has announced plans for further expansion, he said: “I can assure you that this Government will do whatever we can to support you so that you can continue to grow.” He had similar words of praise for the Nigerian Content Development and Monitoring Board (NCDMB), whose direct involvement through equity participation, greatly facilitated the take-off and operations of the Refinery.
In his own remarks, the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote, said the decision of the Board to participate as equity holder in Waltersmith was informed by its sense of mission and the impressive organisational arrangement within the company.
According to him, NCDMB had no hesitation to partner with Waltersmith, “given the very clear corporate governance that is required and exists within the company. Part of our mandate is to enhance development and we see ourselves as catalysts for the industrialisation of Nigeria.
“At NCDMB, we are proud of what we have achieved here (at Waltersmith).”
In an interview at the conclusion of the tour, the President and Group Chief Executive Officer of Waltersmith Petroman Oil Limited, Abdulrasaq Isa, said that part of the expansion plans of the company is to raise the capacity of the processing plant from the present 5,000 to 40,000 barrels per stream day, and to be able to produce two million tonnes of petroleum products per annum.
The refinery has so far supplied a total of 600 million litres of petroleum products into the Nigerian market since its commissioning in 2020.

The Heroes Of November 11 Kogi Guber Election, By Yusuf Ozi-Usman

Obviously, by design or by accident, heroes have emerged from the off-season election conducted in Kogi State, in particular, on November 11, 2023.
Recall my piece, published on this news medium platform on September 14; about 57 days to the off-season election. I had narrowed down the election to what I described as the tribal warlords, parading themselves as Governorship candidates. I said then that the Igala and Egbira in particular, had taken a clear and dangerous position of open tribal or ethnic battle when Usman Ahmed Ododo emerged as the candidate of the ruling All Progressives Congress (APC), and Alhaji Muritala Ajaka took the ticket of virtually none-descript Social Democratic Party (SDP) with a message from his group that had the signature of “we and them.” Senator Dino Melaye went on to pick the ticket of the major opposition party at the federal level: the People’s Democratic Party (PDP).
From the body language of these three major actors, it was obvious that they were representing the three major tribes in the State: Dino Melaye of the PDP for the Yoruba speaking Okun; Usman Ahmed Ododo for the Egbira speaking area and Muritala Ajaka for the Igala speaking area.
The election, which had since been concluded with Usman Ododo emerging as the Governor-elect, has proved some bookmakers wrong on certain calculations, which is reserved for another time.
However, suffice to say that while the majority of votes in Kogi East and Central could be predicted with some measures of accuracy, that of the Kogi West (the Okun land, plus Lokoja axis) was uncertain. Indeed, what was certain was that Dino Melaye would not win much in the West which is supposed to be his stronghold, but the uncertainty was where the votes from this Kogi West would swing.
The calculation was that if somehow, the West overwhelmingly vote for their brother, Dino Melaye as East and Central were programmed to vote majorly for their own, Ajaka and Ododo respectively, there might be a run-off election. This picture was ignored by the leaders in the East, who strongly believed that they could win the election on the first ballot with or without the Central and the West put together.
On the basis of such overconfidence against the background of the conjured enormous population, Ajaka dreamt big.
Yes, at the end of the day, Ajaka was able to neatly capture majority of his Easterners’ votes and Ododo, his Central votes, while the votes from the West decided the winner, to the surprise or shock of Igala people.
What the votes from the three Senatorial Districts, with different distinctive tribes (Igala for East, Egbira for Central and mainly Yoruba for the West) proved was the unofficial but true population of the State along these tribal lines. The election had proved Igala wrong on the issue of being the largest in the State, to the extent of thinking that they can beat both the Central and the West put together, in anything that had to do with population.
Above all, the election in Kogi State had brought out a very salient issue about rotation, which has for long, been the crux of the matter between the Igala people in the State and the rest others they considered to be minority.
With the pattern of the votes in the November 11 election, the West appears to have fully laid the parameter to producing the next governor after Ododo on the basis of the rotation.

Yusuf Ozi-Usman

In fact, by practically turning their back even on their own, Dino Melaye, who of course, they reckoned would not go far enough to win the election, and by voting overwhelmingly for the candidate of the Central, the possibility of them producing the next governor of the State in the near future, is assured. With the possible 80 percent votes from the Central added to their own, as the reality now stands, the West looks good to produce a chance to win the next governorship contest in the State.
The reality also is that Igala, from the East, will continue to reel in nightmare about the outdated figure of being in super majority, using such nightmare to render themselves irrelevant in the State’s political equation, long after the team-work between the Central and the West would have taken a big flight to the height, in the context of newly found and refreshing friendship.
Therefore, from what appeared to be a deft political calculations and actions, the Okuns in the Kogi West can beat their chests and claim the trophy as the heroes of the November 11 political chess game and battle for the Lugard House in Lokoja.
It will only be a matter of time for them to begin to reap the fruit of brotherliness they have sown; the brotherliess which Ajaka and the multitude of his Igala supporters would prefer to view from the prism of “common enemies.”
From the point of the November 11 election, it would not be out of place to offer unsolicited but vital advise to the Igala people and their leaders to go back to the drawing board over their bloated ego and self deception. And more importantly, their leaders need to come down from their utopian hight, apologize to the section of the State they called common enemies for the purpose of restarting the needed togetherness.
Like Governor Yahaya Bello said, apolitical Igala people are nice and friendly, but being misled by their overambitious leaders. But how such arrogance of the leaders would help the entire Igala people to return to reality is a thing that only them can sit down to resolve.

Osun Procures 19 Buses Worth N25.2 Million As Palliatives

The Osun state government has procured 19 buses at the cost of over N25.2 Million as part of the effort to cushion the harsh effects of the petroleum subsidy removal by the Federal Government of Nigeria.

A statement today, November 22, by the State Commissioner of Information and Public Enlightenment, Oluomo Kolapo Alimi, said that all the buses are due to their almost grounded status and off the road conditions, and cost a total sum of 25,274,288.00. It is to ensure their road worthiness so as to be able to carry out the new services of conveyance of people.

The commissioner said that the 19 buses, christened “Imole Bus,” are to convey civil servants, students and the poorest of the poor residents of the state to their various destinations at a token amount.

According to him, the money charged would be used by the government from time to time for the smooth running and maintenance of the buses. 

He said that the state capital had five of the buses officially assigned to it for commuting people to already earmarked routes.

He said that Ede, Iwo and Ikirun had two each while the people of Ife/Modakeke and Ilesha had three each. 

The commissioner said that the remaining two of the buses are kept on a standby for other contingencies that may come up from time to time. 

“With Osogbo, the capital of Osun state, used as a pilot scheme for the official commencement of Imole bus palliatives shuttle services, the government wishes to announce, with all sense of responsibility, that the bus services will be made to go round other towns and cities of the state very soon.”

He said that the buses are to work on two shifts daily as they ply all the officially designated routes, morning and afternoon of Mondays through Fridays.

“According to the arrangements, the morning services will be between 6:45 am and 9:00 am while the afternoon shuttles will be between 3pm and 5 pm daily. 

“The government of Osun state wishes to reaffirm its commitment to never let the public down by always keeping to our campaign promises of putting smiles on their faces.”

Federal, States, Local Govts Share N906.955 Billion From October Revenue 

The Federation Account Allocation Committee (FAAC) has shared a total sum of N906.955 billion October 2023 Federation Account Revenue to the Federal, States and Local Governments.

A communique issued by the FAAC at its November, 2023 meeting indicated that the N906.955 billion total distributable revenue comprised distributable statutory revenue of N305.070 billion, distributable Value Added Tax (VAT) revenue of N323.446 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.552 billion, Exchange Difference revenue of N202.887 billion and Augmentation of N60.000 billion.

According to the communique, total revenue of N1,346.519 billion was available in the month of October 2023, and total deductions for cost of collection was N53.483 billion; total transfers, interventions and refunds was N386.081 billion. 

The Director (Press and Public Relations), Office of the Accountant General of the Federation, Bawa Mokwa, said in a statement today, November 22, that the Gross statutory revenue of N 660.090 billion was received for the month of October 2023, and this was lower than the N1,014.953 billion received in the month of September 2023, by N354.863 billion.

The gross revenue available from the Value Added Tax (VAT) was N347.343 billion.  This was higher than the N303.550 billion available in the month of September 2023 by N43.793 billion.  

The communique stated that from the N906.955 billion total distributable revenue, the Federal Government received a total of N323.355 billion, the State Governments got N307.717 billion and the Local Government Councils pocketed N225.209 billion.

A total sum of N50.674 billion (13% of mineral revenue) was shared to the relevant States as derivation revenue.

From the N305.070 billion distributable statutory revenue, the Federal Government got N147.574 billion, the State Governments pocketed N74.852 billion and the Local Government Councils received N57.707 billion. The sum of N24.937 billion (13% of mineral revenue) was shared to the relevant States as derivation revenue.

The Federal Government received N48.517 billion, the State Governments received N161.723 billion and the Local Government Councils got N113.206 billion from the N323.446 billion distributable Value Added Tax (VAT) revenue.

The N15.552 billion Electronic Money Transfer Levy (EMTL) was shared as follows: the Federal Government received N2.333 billion, the State Governments got N7.776 billion and the Local Government Councils received N5.443 billion.

The Federal Government received N93.323 billion from the N202.887 billion Exchange Difference revenue. The State Governments received N47.334 billion, and the Local Government Councils received N36.493 billion. The sum of N25.737 billion (13% of mineral revenue) went to the relevant States as derivation revenue.

The Augmentation of N60.000 billion was shared as follows: Federal Government received N31.608, the State Governments got N16.032 billion and the Local Government Councils received N 12.360 billion.

In the month of October 2023, Import Duty, Petroleum Profit Tax (PPT), Value Added Tax (VAT), CET Levies and Electronic Money Transfer Levy (EMTL) increased significantly while Excise Duties and Companies Income Tax (CIT) recorded considerable decreases. Oil and Gas Royalties decreased marginally.

Why I Was Supposed To Be In The Guinness Book Of Records – Tinubu

President Bola Tinubu has said that his impeccable record during his tenure as Lagos State Governor (1999-2007) ought to be listed in the Guinness Book of World Records in his favour.

The Nigerian leader, in his address at the 10th German-Nigerian Business Forum held in Berlin, Germany, said that one of his transformative initiatives was through the Lagos Internal Revenue Service (LIRS) which re-engineered the finances of Lagos State from a meager N600 million per month to N20 billion.

According to him, the giant strides he recorded during his tenure as governor positioned the state to become the fifth-largest economy in Africa, rising from zero.

“For those who fear various obstacles, look at me; I come from the private sector, and I’m one of you, trained by Deloitte. I served as the treasurer of Exxon Mobil. I define corporate governance in any way, and I am in it.

“I governed Lagos for eight consecutive years. “Today, I can proudly say that Lagos State is on the horizon and has the fifth-largest economy in Africa, rising from zero.”

President Tinubu said that if the Guinness Book of World Records did not acknowledge his work, he would insert himself in it.

“Nigeria voted for me for reforms, and from day one of my inauguration, I started the reforms. To me, if you didn’t mention me in the Guinness Book of Records, I would strive to find a way to insert myself because I did it without expectation; my inaugural speech disclosed what I would do.”

FG Sets Up Technical Committee To Revive Ajaokuta Steel Company

The Federal Government of Nigeria has set up a technical Committee to urgently look into the revival of the Ajaokuta Steel Company in Kogi State.
The Committee will be expected to determine what to produce, the raw materials to use, cost of reviving the production centre as well as to determine sources of funding.
The Minister of Defence, Mohammed Badaru Abubakar, who disclosed this when he received the Minister of Steel Development, Prince Shuaibu Abubakar Audu and the Managing Director of Ajaokuta Steel Company, Sumaila Abdul Akaba in his office in Abuja, named the Permanent Secretary, Director- General of Defence Industries Corporation of Nigeria ( DICON) and the Managing- Director of Ajaokuta Steel Company as members of the Technical Committee.
He asked them to work vigorously and ambitiously and come up with a report on the way forward in two weeks time.
The minister vowed that the administration of President Bola Ahmed Tinubu is committed to the revitalization and repositioning of the Steel Company for the purpose of producing, among others, military hardware to support the fight against insecurity in Nigeria.
According to the minister, Ajaokuta Steel Company is known for the local production of Military hardware, adding that there is the need to partner with Ministry of Steel Development because 80/90 per cent of what is required for the production of military hardware is Steel.
He said that strengthening the Company to produce military hardware instead of relying on foreign production would boost the nation’s fight against insurgency and other related crimes.
“Local production of military Hardware is critical because the crisis we have in the country at present will not allow us rely on other countries for Military hardware.”
This was even as the ninister of Steel Development, Prince Shuaibu Abubakar Audu, said that reviving Ajaokuta Steel would be a game changer to Nigerian Industry and the economy as a whole.
He said that due to paucity of funds, production was stalled. “But I believe that if initiatives are put in place, Ajaokuta Steel will be revived and work will resume within the first four years of the Present Bola Tinubu’s administration.”
He said that the Company has about 48 production units and one of such units is for production of Military hardware, and that if the Ministry of Defence collaborate with the Company, it would have the capacity to produce military Hardware that the nation will needs.

Nigeria Army Accuses Finland Of Protecting IPOB Activist, Simon Ekpa; Wants FG To Take Action

The Nigeria Army has accused the government of Finland of shielding one of the top leaders of the proscribed Indigenous Peoples of Biafra (IPOB), Simon Ekpa.
Appearing before the House of Representatives today, November 21, to brief the members on the security situation in the country,
the Chief of Defence Staff (CDS), General Christopher Musa, insisted that Nigerian government should engage the government of Finland and possibly invite its ambassador to Nigeria for briefing.
The Defence Chief who led other Service Chiefs and the Inspector General of Police to the meeting with the House of Representatives at the commencement of its sectoral debate, said that while the military and other security agencies in the country are doing their very best to ensure that there is peace in the South East, the comments and activities of Simon Ekpa have been sabotaging such efforts.
He said that about 140,000 terrorists have so far surrendered and are awaiting disarmament.
He said that there currently no single Nigerian territory under the control of Boko Haram insurgents.
Source: Prompt News.

Wike Seeks NASS Approval Of N61 Billion To Execute Critical Projects In FCT Before End Of Fiscal Year

Nyeson Wike
Minister of the Federal Capital Territory (FCT), Nyeson Wike, has sought the approval of the National Assembly to spend over 61 billion Naira on critical projects in the FCT before the end of this fiscal year.
He said that President Bola Tinubu has already endorsed the amount for submission to the federal lawmakers as 2023 supplementary budget.
The Minister, who made this known during inspection of projects, expressed optimism that the millennium tower project, when completed, would change Abuja’s landscape greatly and boost tourism in the FCT.
He expressed satisfaction with the level of ongoing work at the construction of Southern Parkway to Ring I and B12 stretching from Bolingo junction to the city gate; assuring the contractors that payment would be made early and monthly.
“Remember when we came on board, we did say we will prioritize and we will discuss with contractors that we have the funds. If we give them the funds, what time will it take them to complete these projects?
“The first thing we did was to identify projects that we think can be completed within one year…..We have funded them and we will continue to fund them,” he added.
“What is important to me is that the commitment we have given to them, they have reciprocated. Look at the Vice President’s residence that was awarded in 2010 at the cost of N7 billion. It was abandoned and we called back Julius Berger to know if they can complete the project within eight months and they replied with an affirmation but they cannot continue with it at the same cost, which is obvious. They have indicated that they cannot do it for less than N15 billion.
“Looking at the inflation in the cost of building materials, but we have just come to see what they are doing and we have told them that we will fund them before ending of the month very well so that they will be able to finish it.”
The Minister said that the renewed vigour regarding ongoing work at various project sites is due to the promise and delivery of Renewed Hope Agenda by the President.
According to him, the FCT Administration would not rely on funds from Federation account; adding: “We are doing everything possible to improve our IGR. As I speak to you today, we have done very well in terms of IGR and this money will be directed to specific projects so that we will not later say that we do not have money to do some projects.
“For example, what we are doing now is that, we have submitted supplementary budget of 2023 and Mr. President has approved to transmit it to the National Assembly, now we are asking that we should be allowed to spend 61 billion before 2024, because we have the money and to use that money for specific projects so that by May 29th these projects are completed then we take new other projects for 2024.”
He stressed that no project he started would be abandoned and that discussions are almost concluded with SUKUK to fund projects in the FCT to the tune of between N70 billion and N100 billion.
“We are going to attach these funds to specific projects. For them, they are interested in roads and bridges, but we spoke to them that we have other projects like the Millenium Tower that is going to change our landscape in terms of tourism and rest of it, and they have agreed.
“So what you will see from next year will be like a wonder and with everybody’s support we are goin to achieve.”
The Minister tasked the contractors to work hard to deliver in the promises he made; saying: “Put everything you have so that we can achieve this, so that all these stories about abandoned projects will be a thing of the past.”
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