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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 Renames Federal University of Medical Sciences, Azare, After Late Islamic Scholar Sheikh Dahiru Usman Bauchi

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President Bola Ahmed Tinubu has approved the renaming of the Federal University of Medical Sciences, Azare, Bauchi State, in honour of the late renowned Islamic scholar, Sheikh Dahiru Usman Bauchi.

The President announced the decision on Saturday during a condolence visit to the family of the revered cleric at his country home in Bauchi State. According to Tinubu, the renaming is aimed at immortalising the scholar’s enduring legacy and his immense contributions to humanity, religious scholarship, and peaceful coexistence.

“From today onward, I announce this change of name to immortalise him. The Federal University of Medical Sciences, Azare, Bauchi State, will from today be known as Sheikh Dahiru Usman Bauchi University. May God bless his memory,” the President declared.

Describing the passing of the cleric as a “great national loss,” Tinubu said Sheikh Dahiru Bauchi lived a life defined by humility, selfless service, and unwavering dedication to the propagation of Islam, peace, and moral values across communities.

He prayed for Allah’s mercy upon the soul of the late scholar and asked that he be granted Aljannatul Firdaus. The President also prayed for strength and comfort for the family, the government, and the people of Bauchi State, urging Nigerians to continue to pray for peace, unity, and national harmony.

Speaking on behalf of the family, the eldest son of the late cleric, Sheikh Ibrahim Usman Bauchi, expressed profound gratitude to the President for the condolence visit, prayers, and the honour bestowed on their father. He also thanked Bala Mohammed, Governor of Bauchi State, for his consistent support to the family.

In his remarks, Governor Mohammed commended the President for honouring the family and Bauchi State, describing the gesture as a fitting recognition of Sheikh Dahiru Bauchi’s lifelong commitment to faith, education, and national unity. He noted that the late scholar’s influence transcended Bauchi and Nigeria, touching lives across generations.

The President was accompanied on the visit by the Speaker of the House of Representatives, Tajudeen Abbas; the Governor of Yobe State, Mai Mala Buni; and Seyi Tinubu, among other top government officials.

Tinubu arrived at the Sir Abubakar Tafawa Balewa International Airport, Bauchi, at about 4:09 p.m., where he was received with a guard of honour by the Nigerian Air Force. He was welcomed by Governor Bala Mohammed; the Governor of Plateau State, Caleb Mutfwang; the Coordinating Minister of Health and Social Welfare, Ali Pate; the Minister of Foreign Affairs, Yusuf Tuggar; and the Senator representing Bauchi South Senatorial District, Shehu Buba.

The condolence visit formed part of the President’s broader engagements to commiserate with the family and followers of the late Islamic scholar, whose influence and contributions to Islamic learning and spiritual leadership spanned decades across Nigeria and beyond.

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Tinubu Begins Multi-State Tour, Heads to Borno, Bauchi and Lagos

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President Bola Ahmed Tinubu
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President Bola Ahmed Tinubu is scheduled to depart Abuja on Saturday on a multi-state visit that will take him to Borno State, Bauchi State and Lagos State, as part of official and personal engagements.

The President’s first stop will be Borno State, where he is expected to commission a number of projects executed by the state government under Governor Babagana Zulum, in collaboration with the Federal Government. The projects are part of ongoing efforts to strengthen infrastructure, governance and post-conflict recovery in the North-East.

While in Maiduguri, President Tinubu will also attend the wedding ceremony of Sadeeq Sheriff, son of former Borno State Governor and Senator, Ali Modu Sheriff, and his bride, Hadiza Kam Salem.

From Borno, the President will proceed to Bauchi State for a condolence visit to the state government and the family of Sheikh Dahiru Bauchi, the late Islamic scholar and spiritual leader of the Tijjaniyya Muslim Brotherhood. The revered cleric passed away on November 27, drawing tributes from across Nigeria and beyond for his decades of religious scholarship and leadership.

Following the condolence visit, President Tinubu will travel to Lagos State, where he will spend the end-of-year holidays. During his stay, the President is expected to participate in several engagements, including serving as Guest of Honour at the annual Eyo Festival scheduled for December 27.

The festival, to be held at Tafawa Balewa Square, will honour notable personalities, including President Tinubu’s mother, Alhaja Abibatu Mogaji, as well as former Lagos State governors Lateef Jakande and Michael Otedola.

The trip underscores the President’s blend of official duties, cultural engagements and personal commitments as the year draws to a close.

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Senate Considers Review of 2025 Budget to ₦43.56 Trillion

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***Edun, Bagudu, others to appear before Senate Committee on Appropriations 

The Senate on Wednesday passed for second reading a Bill seeking to repeal and re-enact the 2024/2025 Appropriations Act, a move that would revise the 2025 budget size to ₦43.56 trillion.

Under the proposed expenditure framework, statutory transfers are pegged at ₦1.74 trillion, debt service at ₦8.27 trillion, recurrent (non-debt) expenditure at ₦11.27 trillion, and capital expenditure and development fund contribution at ₦22.28 trillion.

Following the development, the Senate directed the Minister of Finance, Mr. Olawale Edun; the Minister of Budget and National Planning, Senator Atiku Bagudu; and the Chairman of the Federal Inland Revenue Service, Dr. Zacch Adedeji, among others, to appear before the Senate Committee on Appropriations to provide further clarification on the proposed spending plan.

Leading the debate, the Leader of the Senate, Senator Opeyemi Bamidele, said the bill was a structural and reform-driven intervention aimed at repealing and re-enacting the existing appropriation framework to end the practice of running multiple budget cycles concurrently.

According to him, the practice had historically undermined budget clarity, weakened fiscal discipline and blurred accountability across ministries, departments and agencies. He explained that the amendment would provide a clear and orderly appropriation mechanism to lawfully consolidate and regularise expenditures considered critical, time-sensitive and unavoidable, particularly those incurred in response to emergency situations.

Bamidele noted that the proposal balanced responsiveness with fiscal responsibility, ensuring that urgent public spending does not erode legislative oversight or fiscal prudence. He added that the bill would strengthen safeguards requiring that appropriated funds be released and applied strictly for purposes approved by the National Assembly, while virement would only be permitted with prior legislative approval.

He said the provisions reaffirm the legislature’s power over public finance and ensure transparency, accountability and prudent financial management.

After the debate, the Senate, presided over by the Deputy President of the Senate, Senator Barau I. Jibrin, passed the bill to second reading and referred it to the Senate Committee on Appropriations, chaired by Senator Solomon Adeola, with a mandate to report back to plenary within two days.

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