Connect with us

News

PH Refinery May Resume Operation, July …As NNPC Releases 1.1bn Litres Of Fuel To Public

Published

on

Members of the Rivers State House of Assembly voting yesterday to  approve a N10bn loan from Zenith Bank Plc for the State Governor to undertake developmental projects in the state.

Members of the Rivers State House of Assembly voting yesterday to approve a N10bn loan from Zenith Bank Plc for the State Governor to undertake developmental projects in the state.

The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr Joseph Dawha, yesterday said the Port Harcourt Refinery might resume operation by July.
Dawha said this while addressing newsmen after a tour of some filling stations in Abuja with some top management staff of the corporation.
“When the refinery comes up stream in late June or early July we expect that it will run at least 80 per cent installed capacity.
“It will give us a contribution of about five million litres of Premium Motor Spirit (PMS) on a daily basis.”
Dawha said the ongoing Turn Around Maintenance(TAM) of the refineries was a conscious effort to ensure that they were all running.
“If the refineries were not in depth or in good state to process crude for maximum gain there was no need of sending crude to such refineries for processing.
“What we do is to fix them so that we can get the real value for products.
“We are satisfied with the level of work carried out so far at the Port Harcourt Refinery so that if we start processing crude now we will get value for the refined products.
“So there will not be distraction as it will be, if refineries were operating properly.”
The GMD also decried the spate of vandalism of the pipeline in the country, stressing that the NNPC was working hard to put in place mechanism to minimise the menace.
He described the situation as “a very serious matter”, noting that NNPC could not use the pipeline network supply because of vandalism.
“If you send products through the vandalised pipeline then you lose the product.
“We cannot live it that way; we have to repair them but as you do that, it is vandalised again. It is a very serious matter.
“We are left with the option of trucking which involves a lot of logistics to succeed.”
The Managing Director of the Pipeline Products Marketing Company (PPMC), Prince Haruna Momoh, condemned the recent vandalised system 2B pipeline of the NNPC in Lagos.
According to him, the system 2B pipeline in Ije Ododo in Lagos is the most vandalised structure.
He said that already the situation had been controlled and repair of the pipeline would soon begin.
“As at today, the NNPC imports 50 per cent of the petroleum products into the country as part of the 40 million litres daily consumption by Nigerians.
“The corporation will continue to intensify its efforts to wet the country with products from its coastal depots to inland depots.”
He said the NNPC was ready to work with all the relevant stakeholders in the downstream sector of the Oil and Gas Industry to end the lingering fuel scarcity.
Meanwhile, the Nigerian National Petroleum Corporation (NNPC) said yesterday that it had 1.1 billion litres of petrol in stock to ease the current fuel scarcity nationwide.
The NNPC Group Managing Director, Dr Joseph Dawha, made the disclosure in Abuja while briefing newsmen on the petrol supply situation.
“As today, (Thursday), June 11, 2015, PPMC/PPMC has Premium Motor Spirit (PMS) stock level of 1.1 billion litres, representing 27 days sufficiency.
“This stock is excluding volumes with firmed delivery Laycans (dates) within the next couple of days.
“With this level of stock, we have intensified our vessels and trucking operations to ensure that PMS is available at our inland depots and retail outlets nationwide,” he said.
According to him, NNPC, through its subsidiary, NNPC Retail Ltd., has embarked on massive PMS lifting to its mega and affiliate stations in Abuja and across the nation.
“In the last five days, we have brought into Abuja 428 trucks of PMS, averaging 85 trucks daily to address the PMS requirement in Abuja and its immediate environs,” he said.
Dawha said that NNPC/PPMC was committed to ending the fuel queues in Abuja and across the states by the weekend in collaboration with the major marketers and other stakeholders.
“Evidence has begun to emerge in the last two days as most of our stations are wet and the severity of the queues has started to reduce,’’ the NNPC chief said.
He said that this was sequel to the Federal Government’s meeting with the oil marketers and other stakeholders on June 5.
“We have taken steps, as supplier of last resort, to improve availability of PMS in the country and ensure its effective distribution nationwide.
“The supply and distribution efforts must be sustained with the support and cooperation of our stakeholders in the downstream and government agencies, such as police, army, Nigeria Security and Civil Defence Corp (NSCDC).
“We are optimistic that we can put this ugly experience behind us,” he said.
Dawha appealed to the public not to engage in panic buying, hoarding or patronising the black market operators.
He also urged all major and independent marketers, Depot and Petroleum Marketers Association (DAPPMA) and other stakeholders to deliver their PMS allocation as given by the Petroleum Products Pricing Regulatory Agency.
The NNPC chief said that this would further assist in stabilising the system.
He also reminded them of the commitment made during the stakeholders’ meeting at the Ministry of Petroleum to deliver the agreed number of trucks to Abuja daily.

Continue Reading

News

Don’t Attend Nocturnal Meetings To Declare War On Rivers, Fubara Tells New CP

Published

on

Rivers State Governor, Sir Siminalayi Fubara, has advised the new Commissioner of Police posted to the State, Olugbenga Adepoju, to resist the temptation of attending nocturnal meetings that will make him declare war on Rivers people.

Rather, the Governor urged him to put the general interest of the people of the State above other considerations so that he can work to ensure that peace prevailed and there is stability.

Governor Fubara gave the advice when he received CP Olugbenga Adepoju, the 47th Commissioner of Police, Rivers State Command, on courtesy visit, at Government House in Port Harcourt, last Friday.

The Governor said: “You are not a new person in our State. You’ve been here, more especially, in charge of Operations. It then means if I start to talk about my story, it’ll connect with your activities in Operations. But I am not going to talk about my story.

“But the good thing here is, you said something that I want to really anchor on. Your duty, as it stands now, is to work with the government, work with other sister agencies to maintain law and order, protect lives and property of the people of Rivers State.

“Be apolitical, as you just read in your address. Don’t go to nocturnal meetings in people’s houses, and in the morning, you come and declare war on Rivers people. That is the only advice I will give to you.”

Governor Fubara charged the CP, who is already conversant with the Rivers State terrain and its associated security challenges, to draw up a holistic plan on how to tackle the twin problem of cultism among the youths and kidnapping incidences in boundary communities.

Governor Fubara said his administration is not failing on its responsibilities to security agencies to sufficiently address those issues and save Rivers people, adding, “But the primary duty of this team, these particular challenges are rested on the police. So, please, take this one as my own assignment (to you).

“While you are carrying out the larger assignment that your people from headquarters will send you, also make sure that you look for every way possible to reduce issues of cultism because it is affecting our secondary schools, it is affecting our primary schools with students growing to become monsters, which is also leading to other issues like kidnapping and others.

“It starts from somewhere. So, we must also get to the root and reduce it. I know we cannot totally eliminate it, but, somehow, let us look for a way to reduce it.”

Governor Fubara said the former CP to the State had succeeded because he maintained healthy synergy with the State Government, and assured that the same level of support will be provided to the new CP, if he adheres to the tenets of professionalism, stressing, “On our part as a Government, we will continue to support you to make sure you succeed. Your success here will mean more elevation for you. If you have a very bad record here, whether you like it or not, it will one day in the course of your profession, affect your growth.”

In his address, Rivers State Commissioner of Police, CP Olugbenga Adepoju, expressed profound gratitude for the opportunity given to him to serve the resilient and vibrant people of Rivers State as the 47th Commissioner of Police.

CP Adepoju said he is fully aware of the complex security challenges in the State, and is determined to do everything professionally to confront them with innovation.

He said, “We will strengthen our intelligence gathering capabilities, enhance our rapid response mechanism, and most importantly, foster deeper trust and collaboration with the community we serve. Our Command will remain firmly apolitical, standing as a neutral and impartial institution, dedicated solely to upholding law and order. This commitment is vital to maintaining the trust and confidence of the people we protect.”

CP Adepoju also said: “While we will engage constructively with political leaders and key stakeholders to secure necessary resources and support, our engagement will always be conducted with professionalism and integrity”.

Meanwhile, Governor Siminalayi Fubara, and the State Commissioner of Police, Olugbenga Adepoju, have decorated two officers in Government House with their new ranks of Deputy Superintendent of Police (DSP).

They include the Personal Security Officer to the Governor, Anthony Peter, who was recently promoted from Assistant Superintendent of Police (ASP 1) to Deputy Superintendent of Police (DSP); and Provost Marshal, Government House, John Wakama, who was also promoted from Assistant Superintendent of Police (ASP 1) to Deputy Superintendent of Police (DSP).

Both the Governor and the Commissioner of Police were assisted at the short event by the wives of the newly promoted officers.

The decoration ceremony was performed shortly after the courtesy visit to the Governor by the State Commissioner of Police at the Government House, Port Harcourt, last Friday.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continue Reading

News

TUC Rejects VAT Hike, Urges Pro-people Tax Reforms

Published

on

The Trade Union Congress of Nigeria has opposed the proposed increase in the Value Added Tax rate, as outlined in the Federal Government’s Tax Reform Bills, warning that the move could worsen the economic hardship faced by Nigerians.

The Federal Government had proposed a phased VAT hike from the current 7.5% to 10%, 12.5%, and ultimately 15%, a move the TUC described as ill-timed and detrimental to the welfare of citizens already grappling with inflation, unemployment, and a soaring cost of living.

Speaking during a press briefing in Abuja, yesterday, following the union’s National Executive Council meeting held on November 26, 2024, TUC President Festus Osifo said maintaining the VAT rate at 7.5 per cent was crucial to safeguarding Nigerians from additional financial pressure.

“Allowing the Value Added Tax rate to remain at 7.5 per cent is in the best interest of the nation. Increasing it now would impose an additional burden on households and businesses already struggling with economic challenges,” Osifo said.

He added, “With inflation, unemployment, and the cost of living on the rise, higher taxes could stifle economic growth and erode consumer purchasing power.”

The TUC called for a review of the tax exemption threshold, urging the government to raise it from N800,000 to N2.5 million per annum to ease the financial strain on low-income earners.

“This measure would increase disposable income, stimulate economic activity, and provide relief to struggling Nigerians,” Osifo explained.

He said, “The threshold for tax exemptions should be increased to N2,500,000 per annum. This adjustment would offer much-needed relief to low-income earners, enabling them to cope with the current economic challenges.”

The TUC also expressed reservations about the proposed transfer of royalty collection from the Nigerian Upstream Petroleum Regulatory Commission to the Nigeria Revenue Service (NRS), citing risks of revenue losses and inefficiencies.

“Royalty determination and reconciliation require specialised technical expertise in oil and gas operations, which the NUPRC possesses but the NRS lacks. This shift could result in inaccurate assessments, enforcement challenges, and reduced investor confidence,” Osifo warned.

The union commended the government’s decision to retain the Tertiary Education Trust Fund and the National Agency for Science and Engineering Infrastructure, describing their roles as pivotal to the country’s education and technological advancement.

“These institutions have significantly contributed to improving tertiary education and fostering homegrown technologies. Their continued existence is vital for sustained progress in education, technology, and national development,” Osifo said.

Osifo called on the Federal Government to adopt tax policies that prioritise the welfare of citizens and promote equitable economic growth.

“As discussions on the Tax Reform Bill continue, it is our hope that the focus will remain on fostering economic growth and improving living conditions for all Nigerians,” he said.

The TUC reaffirmed its commitment to advocating for policies that enhance the well-being of Nigerians, emphasising that proactive and citizen-centred reforms reflect true leadership.

 

Continue Reading

News

Fubara Inaugurates Road Project To Celebrate Jackrich On Birthday 

Published

on

Rivers State Governor, Sir Siminalayi Fubara, has noted with delight the initiative, love and courage shown by High Chief Sobomabo Jackrich in contributing to improved road infrastructure in his community.

Governor Fubara made the commendation when he visited the country home of Amb Sobomabo Jackrich to celebrate with him on his birthday, and used the occasion to inaugurate a road project executed by the celebrant in Usokun Town in Degema Local Government Area.

Amb Sobomabo Jackrich, also known as Egberepapa, is a prominent Niger Delta leader and National Chairman of Simplicity Movement.

Governor Fubara said the road project, solely funded and completed by the celebrant, shows how committed he is to making life better for residents in his community.

The Governor said: “Let me on behalf of the guests that are here to celebrate with our brother, not really an official engagement, but on a personal note, also share a wonderful moment with our people.

“Our celebrant is not just celebrating his birthday, but he is also giving back to the society. So, I join him and all well-meaning people that believe in his course to commission this project that he has embarked on in his own accord for the betterment of his people.

“I want to say that with what I am seeing here, there may be a few things that we can also do to make this project more meaningful to the people in terms of streetlights. On our own, we are going to support him to complete it.”

Governor Fubara, who also joined the celebrant to cut the birthday cake, prayed for strength and longevity for the celebrant.

 

 

 

 

 

 

 

 

 

 

Continue Reading

Trending