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NNPCL Assures Adequate Fuel Supply Up Till 2024

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Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari
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***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.

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Tinubu Accelerates Northern Rail Projects, Kaduna-Kano Line Set for December 3 Inauguration

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President Bola Ahmed Tinubu has intensified efforts to complete major railway projects across Northern Nigeria, with the Kaduna–Kano Standard Gauge Railway scheduled for inauguration on December 3, 2026.

The 203-kilometre Kaduna–Zaria–Kano railway project has reached approximately 90 per cent completion, while the 400-kilometre Kano–Katsina–Maradi railway project has attained 70 per cent completion.

According to the Federal Government, both projects have recorded significant progress since the Tinubu administration assumed office in 2023. The Kano–Katsina–Maradi project was reportedly at just five per cent completion, while the Kaduna–Kano line was below 30 per cent.

The projects form part of the administration’s commitment to expanding Nigeria’s railway network, improving regional connectivity and facilitating the movement of passengers and goods across the country and beyond.

The Kaduna–Kano railway, an extension of the existing Abuja–Kaduna Standard Gauge Railway, is expected to establish a continuous rail connection between Abuja, Kaduna, Zaria and Kano, strengthening transportation links among key commercial centres in Northern Nigeria.

To assess the level of progress, President Tinubu recently directed a Federal Government inspection team, led by the Permanent Secretary of the Federal Ministry of Transportation, Engr. Funso Adebiyi, to inspect the projects.

Adebiyi expressed satisfaction with the quality of construction work, particularly the railway alignment, drainage systems, embankment protection, stone pitching and soil stabilisation.

The inspection also featured a train test run from Jaji in Kaduna State to Kano, enabling officials to assess the completed track infrastructure and passenger comfort.

President Tinubu has further directed that outstanding land acquisition and compensation issues within Kaduna metropolis be resolved immediately to facilitate the completion of the railway corridor connecting Abuja to Kano.

The Federal Government disclosed that the completed 190-kilometre Jaji–Kano section of the Kaduna–Kano railway, alongside the 250-kilometre Dawanu–Kano–Kazaure–Daura–Katsina section of the Kano–Maradi project, is scheduled for inauguration on December 3, 2026.

When fully operational, the Kaduna–Kano railway is expected to ease passenger movement, boost commercial activities and provide a safer alternative to road transportation along one of Northern Nigeria’s busiest economic corridors.

Similarly, the Kano–Katsina–Maradi railway is expected to enhance cross-border transportation, strengthen regional trade and deepen economic relations between Nigeria and neighbouring Niger Republic.

The Federal Government reiterated its commitment to ensuring that ongoing infrastructure projects across the country are completed and delivered in line with their scheduled timelines.

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FG Begins ₦50,000 Monthly Cash Relief for Vulnerable Nigerians

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The Federal Government has commenced a monthly cash relief programme offering ₦50,000 to vulnerable Nigerians to cushion the effects of rising living costs and economic hardship.

The Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, disclosed this in a statement issued on Friday in Abuja, announcing the National Emergency Relief and Stabilisation Intervention (NERSI), a presidential initiative aimed at providing direct financial support to millions of vulnerable households.

Doro said the intervention was introduced in response to global food inflation and rising prices of essential goods, which continue to put pressure on household finances.

Under the programme, eligible beneficiaries will receive ₦50,000 monthly to help meet essential needs and ease the burden of the rising cost of living.

The minister explained that the intervention would be reviewed periodically in line with prevailing economic conditions, with beneficiaries notified directly before any adjustment.

He said the ministry was working with licensed digital financial service providers to ensure secure, transparent and timely disbursement of the funds.

According to him, beneficiaries will receive text messages from the providers seeking their consent before payments are made directly into their bank accounts or mobile wallets.

Doro clarified that beneficiaries are not required to apply, pay any fee or register through agents to access the programme.

He warned Nigerians against fraudsters, urging them not to disclose their Personal Identification Numbers (PINs) or Bank Verification Numbers (BVNs) to anyone.

The minister advised those uncertain about any message or facing demands for payment to contact the official NERSI helpline on 0700-022-2222.

He said the intervention complements existing Federal Government social protection and economic support programmes, while strengthening household resilience and economic stability.

Doro added that the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda and underscores the ministry’s commitment to delivering social support with dignity, transparency and accountability.

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Ekiti Bureau Congratulates Oyebanji, Prioritises Curbing Capital Flight

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The Ekiti State Bureau of Local Content has congratulated Governor Biodun Oyebanji on his inauguration for a second term in office, pledging to prioritise efforts to address capital flight and strengthen the state’s economy.

The Bureau, in a congratulatory message issued by its management, and signed by the director of Admin Mr Tope Fasoyin, described the governor’s second-term inauguration as an opportunity to consolidate the achievements of his first tenure and advance policies aimed at promoting sustainable economic development in the state.

 

The agency reaffirmed its commitment to supporting the governor’s vision of retaining more economic resources within Ekiti State through effective implementation of local content policies.

 

It said efforts would be intensified to promote the participation of indigenous businesses in government projects, encourage patronage of locally produced goods and services, and create more opportunities for local contractors, suppliers, and service providers.

 

According to the Bureau, prioritising local content would help reduce capital flight, stimulate indigenous enterprise, create employment opportunities, and ensure that more economic benefits accrue to the people of Ekiti State.

 

The management also pledged to collaborate with relevant stakeholders to ensure that the governor’s economic development agenda is translated into tangible benefits for residents.

 

It expressed confidence that Governor Oyebanji’s second term would bring renewed opportunities for economic growth, investment, and sustainable development across the state.

 

The Bureau wished the governor a successful and impactful second term in office.

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