₦airaland Forum

cjrane: Man know man will kill the privatization program.
The determination of Sambo and GEJ to hand over Enugu electricity disco to their friend and financier Emeka Offor will make the man feel like he does not have to obey any rules since he knows the VP. Besides, such man know man corruption is the reason why previous attempts at privatization have failed.

awodman: “Without good government policies, there is no way the private sector can invest in Nigeria, because we are not Father Christmas at all. The policies have to be right,” he said.

He also stated that with the signing of the agreement, about 85,000 Nigerians at the initial stage and 8,000 engineers would be employed, adding, “When you look at what is now happening to Shell Petroleum and others, this policy is better for us.”

“We want to export petroleum products rather than export crude oil. This is the biggest largest single investment in Africa ever. No more importation of fuel and other bye-products of petroleum.

“Your policies have helped us greatly. Without them, we will not be where we are today,” Dangote said.

awodman: “PDP’s certificate of registration is in proper and safe custody. It is not true that the certificate of registration of PDP by INEC as a political party is missing.

“The certificate is one of the documents handed over to the national chairman by the immediate past National Working Committee to the new NWC led by Alhaji Bamanga Tukur on assumption of office after the March 24, 2012 national convention. It is absurd to say that it is missing,” Metuh said.

OCTAVO: Let him continue to wallow in mediocrity by defending this administration all the time. He's not to blame, he's doing what he's paid for!
Other parts of the world are talking about express trains and here he is defending obsolete locomotives!
His brain obviously needs a flush!

President Goodluck Jonathan pledged Wednesday in Abuja that his administration will keep on implementing policies and measures that will continuously improve the operating environment for entrepreneurs and investors in the Nigerian economy.

Speaking at an audience with the President of the Dangote Group and leading Nigerian investors and bankers, President Jonathan said that his administration was fully committed to progressively removing all major impediments to greater investment in Nigeria such as inadequate infrastructure and unsteady power supply.

The President applauded plans by the Dangote Group to build Africa’s largest refinery, petro-chemicals and fertilizer manufacturing complex in Nigeria and thanked the consortium of banks who are providing a $3.3 billion credit facility for the project.

President Jonathan also expressed the Federal Government’s appreciation of the great support being given by Nigeria’s private sector to the implementation of his administration’s agenda for national transformation.

Noting that the Dangote Group’s massive investment in refining, petrochemicals and fertilizer production will contribute significantly to the attainment of government’s priority objective of job creation, the President thanked him and the Chief Executives of the Nigerian banks that are helping to finance the project for being patriotic and having the confidence to invest in their own country.

“We are pleased that you are now investing in refining, petro-chemicals and fertilizer production. It is the downstream sector of oil and gas that can really create many jobs. Your interest and investment in that area will help in the area of job creation which we have been emphasizing. You are also helping us to move away from being a mere producer of raw materials by adding value to our natural resources,” he told Alhaji Dangote and members of his delegation.

Alhaji Dangote who led the team from his company, the Manufacturers Association of Nigeria and Nigeria’s leading banks had earlier told the President that they were at the Presidential Villa to thank him for his administration’s policies which have greatly encouraged further investments in Nigeria.

“Your policies have helped us greatly. Without them, we will not be where we are today,” the President of the Dangote Group told President Jonathan.

He said that the refining, petro-chemicals and fertilizer complex planned by his Group will make Nigeria a net exporter of petroleum products including diesel and aviation fuel, as well as poly-propylene and fertilizer.

Alhaji Dangote who came on the visit to the President after the signing of the loan agreements for the complex was accompanied by Chief Executives of participating banks including First Bank of Nigeria, UBA, Stanbic-IBTC, Zenith Bank, Access Bank, Ecobank, Fidelity Bank, Guaranty Trust Bank and Rand Merchant Bank.

Alhaji Dangote hailed the signing of the financial support agreement as a milestone in the industrialization of Nigeria. “It shows that there’s great confidence in the Nigerian economy and quite a lot of appetite for investment in our country,” he said.

Others on his delegation included Chief Kola Jamodu, Mr. Femi Otedola, Mr. Jim Ovia and management executives of the Dangote Group.



Reuben Abati

Special Adviser to the President

(Media & Publicity)

September 4, 2013

Symphony007: that does not answer my question. Where is their office? What is their criteria? How do they poll responders? At least i know all about gallup,rasmussen, NBC,fox,etc....never heard of NOI and will never believe and crap they produce,

Obiagelli: dude you seem not to know anything (no offence) you are asking me who awarded security contracts to tompolo and asari?

Secondly the article or link clearly says oil theft and it has increased from 7% to 20% hence the massive shortfall. Do you know what change 360 billion would have done in a month?
Pls get yours facts, I can't keep feeding you info.

awodman: .....It said Wednesday in Abuja that Nigeria’s actual crude oil loss to theft had for a while hovered around 49,000 barrels per day (bpd) as against the often quoted figure of 400,000bpd depending on the level of criminal activities recorded at a particular production point within the Niger Delta region....


.... “It is important that we clarify the actual figures
being put out as crude oil stolen in the country. By the
calculations of the OPTS, what we record as loss due to
theft is about 49,000bpd and further production shut-in
due to pipeline sabotage....

......“There is what is referred to as deferment and outright theft of crude oil; the figure as at today is that 49,000bpd is lost to theft while about 350,000bpd is shot-in, that means production from a particular sabotaged line is stopped and the companies declare a force majeure; this figure is specific to the IOCs except for the NPDC.”.....
www.thisdaylive.com/articles/opts-disputes-figures-on-nigeria-s-daily-crude-oil-theft/156939/

U235weapongrade: First to comment or 4th to comment @ UN does not change the opinion of world Leaders wia Naija is concerned...Don't be suprised the Nigerian Embassy had to pay some1 to get that juicy Slot...(The session when the US president addresses the General Assembly)..

Kingspin: If this was a rumor we need to evaluate the kind of newspapers to read. Such news must be coming direct from the opposition or anti-Janathan..and the suspension was never communicated by NTA...pls can i have the first source to claim his suspension..Kano is never populated than Lagos.. See ibo man defeating Lagos, the truth at it peak and it healthy..I also enrol you to do the same, 'Dear Olivetwist'

Prof Corruption: I'm sorry, GEJ can't do the job! It's high time we tried competent hands.

asala1: Is there any rail passing through Mopa in kogi state from lagos to kano? I doubt that.

Symphony007: when is it starting? This article is dated september 2012 and we're in august,2013. Why was'nt a starting date included? Or is this another promise in infinity? Like the wastefull abuja city gate?

texazzpete: 100% in support of ASUU here. I've found that only people of subpar intelligence support the FG in this. We have accepted the poor state of security in Nigeria, the rampant corruption and the rising theft of crude oil in the creeks. Accepting the demise of our University system would be the last straw.

Until a situation arises where a 1st class graduate will choose lecturing over working as a cashier in Zenith Bank, this struggle must continue.

Maxymilliano: Seem the NRC has finally woken up from a prolong slumber, few years ago, the corporation was reported to be grossly underperforming, with the facilities underutilized, but at this rate of rapid transformations, I see the NRC bouncing back into reckoning to serve as backbone for human and haulage transportation in Nigeria.

Alxmyr: Foreign Missions scramble for APC manifesto.

Really.

Maybe the manifesto was printed on diamond or gold.

Obiagelli: ALL THESE FOR LOCOMOTIVES ?

Maxymilliano: Wasn't expecting anything less from you, only surprised you didn't tagged it a campaign strategy towards 2015 ...

@Op, a good proposal if you ask me, there's no way in hell the current rail transportation can be revolutionize and modernize without the upgrading the decrepit train Stations scattered across the country.

News before now was that the federal government, through the Ministry of Transport, prepared a draft bill to amend the 1957 Railway Act to allow for private sector participation. The bill has been approved by the National Council on Privatization and will soon be submitted to the National Assembly.

But so far, nothing of such has surfaced at the House. The government should also put into consideration the slow pace of legislative procedures and get the draft bill submitted Asap. Nigerians are yearning for change in all spheres and pu.ss.yfooting on important bills as this won't really cut the ice ...

I don talk my own .