Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,173 members, 7,957,375 topics. Date: Tuesday, 24 September 2024 at 11:46 AM |
Nairaland Forum / Nairaland / General / Business / FG Grants Energy Firms N20bn Waivers (11091 Views)
Emeka Offor, Abike Dabiri’s Firms, Others Owe Banks N143.81bn / FG Grants Infrastructure Companies 7 Years Tax Holiday - / Energy Firms Owe Nigerian Banks N2.6trn (2) (3) (4)
FG Grants Energy Firms N20bn Waivers by Omooba77: 6:28am On Oct 28, 2014 |
The Federal Government granted about N19.662 billion in waivers and exemption to energy firms in the country in five months, between January and May 2014.The amount is 51.23 per cent of the N38.381 billion allocated to water resources in the 2014 budget; 31.48 per cent of the N62.45 billion allocated to Power; 31.75 per cent of N61.928 billion allocated to Petroleum Resources; and 29.5 per cent of the N66.645 billion allocated to agriculture.Data from the Budget Office of the Federation, in the Ministry of Finance, indicated that oil and gas firms enjoyed about N18.881 billion in waiver and exemption, while power companies enjoyed N780 million.The Government also reiterated its commitment to tackling the epileptic power situation in the country, and addressing the issue of estimated billing. To this end, it granted N326.174 million in exemptions to two prepaid electricity meter companies, Momas Electricity Meters Manufacturing Company Limited, and Mojec International Limited, for the importation of metering facilities.Specifically, Momas got two exemptions: the first worth N32.272 million for the importation of semi-knock down meters, one and three phase normal credit meters, one and three phase standard prepayment meters and all other related equipment.The second exemption was N163.69 million for the importation of meter plastic machines and accessories, compression mould machine and all other meter related equipment.On the other hand, Mojec International got N130.213 million in exemption for the importation of machinery, equipment and components for single and three phase pre-paid meters.Indorama Eleme Fertilizer and Chemicals Limited accounted for 53.4 per cent of the total waivers and exemption granted to energy firms in the period under review, with a total of N10.5 billion.Specifically, Indorama enjoyed a N6.96 billion waiver for the importation of the machinery, equipment and spare parts for the utilisation of Nigeria natural gas to bring about an increase in power generation.The company was also granted a N3.54 billion waiver for the importation of fertiliser equipment, catalysts and chemicals, pile and spare parts among others.Chevron Nigeria Limited followed, enjoying a waiver of N4.88 billion for the importation of machinery, equipment and spare parts for Escravos Gas to Liquids (EGTL) and a host of other pipelines.United Cement Company of Nigeria got N1.969 billion in exemption for the importation of machinery, equipment and spare parts aimed at boosting natural gas utilisation and power supply. NIPCO Plc got N1.087 billion in exemption for the importation of machinery, equipment and spare parts.Other energy firms that got waivers and exemptions in the period are: Green Fuels Limited — N14.37 million for the importation of machinery, equipment and spare parts for compressed natural gas to Independent Power Plants (IPPs), and Edo Cement Company Limited — N240 million for the importation of gas generators, plants, machinery, equipment and spare parts.Accugas Limited got N30.87 million in exemption for machinery, equipment and spare parts for pipeline; Exterran Nigeria Limited got N66.09 million in exemption for the acquisition of natural gas powered compressors and spare parts, while Procter and Gamble got N29.754 million in exemption for machinery, equipment and spare parts. http://www.vanguardngr.com/2014/10/fg-grants-energy-firms-n20bn-waivers/ 1 Like |
Re: FG Grants Energy Firms N20bn Waivers by QMark: 6:42am On Oct 28, 2014 |
Good to know that the end of estimated billing is almost here. Now, even when I travel with my house locked for one month, my monthly bill is still N13k. And they claim they read my meter. Meet The $3m Ferrari Supercar - By Invitation Only Now, this is not a car, it's a supercar. Photos here: https://www.nairaland.com/1970153/meet-3m-ferrari-supercar-invitation 5 Likes |
Re: FG Grants Energy Firms N20bn Waivers by Sycluxxx: 6:42am On Oct 28, 2014 |
That moment when you are on front page but dont know what to type anybody who is willing to be the second to comment.please wait for the next front page topic .. .and. Those: saying sily topic makes frontpage these days.i think you should start creating silly topics as well . Am still wondering how i am commenting because my phone screen is blind 3 Likes |
Re: FG Grants Energy Firms N20bn Waivers by speaktome(m): 6:42am On Oct 28, 2014 |
Ok |
Re: FG Grants Energy Firms N20bn Waivers by Nobody: 6:42am On Oct 28, 2014 |
Will these waivers make them perform better? |
Re: FG Grants Energy Firms N20bn Waivers by Nobody: 6:42am On Oct 28, 2014 |
Wow i dont care but i just want to comment |
Re: FG Grants Energy Firms N20bn Waivers by richardjemedafe1(m): 6:43am On Oct 28, 2014 |
GEJ till ..........? 6 Likes
|
Re: FG Grants Energy Firms N20bn Waivers by kenbee(f): 6:43am On Oct 28, 2014 |
shaddy deal |
Re: FG Grants Energy Firms N20bn Waivers by olayincar(m): 6:43am On Oct 28, 2014 |
Wow... |
Re: FG Grants Energy Firms N20bn Waivers by Sunnycliff(m): 6:43am On Oct 28, 2014 |
Is This a right policy directive? will it increase The standard of living of The society, with such a Great amount of waiver! |
Re: FG Grants Energy Firms N20bn Waivers by emmybliz(m): 6:44am On Oct 28, 2014 |
Wow, okay |
Re: FG Grants Energy Firms N20bn Waivers by chiefololade: 6:44am On Oct 28, 2014 |
FG |
Re: FG Grants Energy Firms N20bn Waivers by ohiza: 6:45am On Oct 28, 2014 |
Bless God front page,...Gud development |
Re: FG Grants Energy Firms N20bn Waivers by Nobody: 6:46am On Oct 28, 2014 |
I hope this is not another scam |
Re: FG Grants Energy Firms N20bn Waivers by abdulabbakar(m): 6:46am On Oct 28, 2014 |
QMark: Only God Knows |
Re: FG Grants Energy Firms N20bn Waivers by Barselonia(m): 6:49am On Oct 28, 2014 |
okay |
Re: FG Grants Energy Firms N20bn Waivers by Prymestrr(m): 6:49am On Oct 28, 2014 |
This is no news till my 100watts bulb stop going on and off everydau. 1 Like |
Re: FG Grants Energy Firms N20bn Waivers by Mdrill(m): 6:50am On Oct 28, 2014 |
Nairalanders! Today is my birthday. Please come celebrate with me! 3 Likes |
Re: FG Grants Energy Firms N20bn Waivers by YungwizzzyPt7: 6:51am On Oct 28, 2014 |
us |
Re: FG Grants Energy Firms N20bn Waivers by abbccc(m): 6:51am On Oct 28, 2014 |
Politicians bought those coys through their clowns and now funding their coys with tax payers money...I don't know what these people take the masses for ? MAY GOD HELP THE ENTIRE SOCIETY.... 8 Likes |
Re: FG Grants Energy Firms N20bn Waivers by omenka(m): 6:52am On Oct 28, 2014 |
Thieves. I'm buying none of it. What I see is politicians granting themselves leaves to pay Nigeria N20billion! Who's not aware the managers of these companies are fronting for political bigwigs in the PDP?? 2 Likes |
Re: FG Grants Energy Firms N20bn Waivers by cirmuell(m): 6:52am On Oct 28, 2014 |
since the privatization ish, power supply has gone from bad to worse...keep milking us dry, the day of reckoning is at hand. 2 Likes |
Re: FG Grants Energy Firms N20bn Waivers by tegamarro(m): 6:53am On Oct 28, 2014 |
NKan TI O DAR NI Ko TiE FE DA RARa :.... 1 Like |
Re: FG Grants Energy Firms N20bn Waivers by Nobody: 6:53am On Oct 28, 2014 |
Nothing to say... no comment |
Re: FG Grants Energy Firms N20bn Waivers by udemedia: 6:54am On Oct 28, 2014 |
Gej is working. .. video:uni girl mess herself up in the name of being sexy... Watch the video.....HERE
|
Re: FG Grants Energy Firms N20bn Waivers by englishmart(m): 6:55am On Oct 28, 2014 |
Another 2015 propaganda 1 Like |
Re: FG Grants Energy Firms N20bn Waivers by SeverusSnape(m): 6:55am On Oct 28, 2014 |
Wait!.... How does this benefit the common man |
Re: FG Grants Energy Firms N20bn Waivers by vizboy(m): 6:56am On Oct 28, 2014 |
ok |
Re: FG Grants Energy Firms N20bn Waivers by LordMecuzy(m): 6:56am On Oct 28, 2014 |
Politicians dribbling d poor masses |
Re: FG Grants Energy Firms N20bn Waivers by Yustash001(m): 6:58am On Oct 28, 2014 |
Naso dem go dey embezzle our money...mtcheew awon ojelu... 1 Like |
Re: FG Grants Energy Firms N20bn Waivers by AWONEYAN(m): 6:58am On Oct 28, 2014 |
Nice 1 |
Saclux Paint Office Umuahia Gutted By Fire [VIDEO] / Fuel Subsidy Removal: Petrol May Cost 195 Naira Per Litre (From 65 Naira) - NLC / How Much Does It Cost To Register An Enterprises In CAC
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 22 |