₦airaland Forum

tyson99:
so make he rug am abi

TomLepskie:
— 16th May 2016
Federal Government will soon release the names of the four companies which successfully bided to operate Modular Refineries to enable them commence operation, according to Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed on Monday while briefing journalist in Abuja as part of ongoing sensitization campaign on the deregulation of the down stream sector of the nation’s petroleum industry.

The minister assured that when fully operational, Nigeria will be able to refine 650,000 per day of petrol from the refineries while Dangote Refinery will also add 750,000 barrels per day, to make Nigeria net exporter of refined petroleum products.

The Minister who noted that federal government has meticulously followed the process for approving the bid winners, said the ventures will help create over 200,000 jobs as well as stimulate the economy.

Alhaji Mohammed who briefed in company of the Permanent Secretary of the Ministry and General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation NNPC, Alhaji Garbadeen Mahammad, told newsmen that the NNPC was heading for bankruptcy because it became the sole importer of over 90 percent of petroleum products consumed by Nigerians shortly before the recent deregulation.

He disclosed that NNPC was spending about $550 Million and needed about $600m to continue fuel importation, before the current government intervention in the sector to save the firm from bankruptcy.

He disclosed further that the nation could not afford to open letters of credit for the fuel importers because of the dwindling income from crude oil

” We did not have enough foreign exchange to open letters of credit for people to import fuel” adding that ” We must never be pushed to a situation in which we are forced to subsidize fuel prices again in this country, because even if prices of crude oil improves, there are a lot of things we can do with the money to ameliorate the sufferings of our people”

Alhaji Mohammed who assured that the new regime will discourage petroleum products hoarding, product diversion and other unwholesome practices in the petroleum industry, also added that “We have no choice but to deregulate the price of petrol at the rate we were going”

He debunked insinuations that what government did was to remove subsidy from petroleum products adding that ” there was no subsidy in the first place”

” One Trillion Naira was paid out as subsidy last year, therefore, in the 2016 budget, government refused to make provision for subsidy”

On the gains expected from the current deregulation, he announced that government will create jobs for 370,000 technicians and Artisan, while 1.76 million unemployed small business operators were being targeted for loans and grants.

” They will access this loans through Cooperatives and loans will be access without collaterals. We are also going to commence the feeding 5m pupils in our public schools daily. This will create more opportunities in the agricultural sector”

He disclosed that there was no basic for comparisons with similar action embarked upon in 2012, adding that ” income from oil has fallen and there is drastic reduction in the foreign exchange available”

“From October last year, NNPC has been responsible for over 90% of fuel consumed, while 445,000 barrels was being exchanged for fuel by NNPC”

“Activities of Militants have further reduced government earnings and production volumes reduced to 1.65mbpd as against the projected 2.2Mbpd”

He also blamed the current travail on the activities of marketers who he said were buying petrol at N77 per Litre and sell higher to Nigerian neighbours.

He however assured that the DPR and PPPRAA will be empowered to provide a level playing ground for operators of the sector.

While appealing to the organized Labour to sheath their sword, the Minister declared that there can be salary increase at the moment as Nigeria was losing over 60% of its earnings, daily

The Minister who also spoke on the effect of the activities of the Niger Delta Avengers, appealed to the group to lay down their arms and embrace dialogue as the country is losing 1000 megawatts of electricity as well as over 500,000 barrels of crude oil daily.



Source
http://sunnewsonline.com/fuel-price-hike-4-modular-refineries-will-soon-take-off-fg/

arresa:
Eko o ni baje o..

tylerbraid:
Glo's slow network is because of those tweaking blackberry bis to use on Andriod. i.e earning little (income), giving out with big (data) caps; as a result of this, there isn't enough to pay the general ISP which in return would hamper there service delivery to those even buying the original plans. To the tweakers, I'm sure you noticed that In as much as u tweak mtn, u still browse fast, because they pay for the deficit u inflict upon them while glo doesn't. Glo uses yur subscription money to pay the isp... Until the tweak is blocked on Glo before we enjoy the usually fast network again. I wonder why its taking them long to find a solution to this.

klassykute:
jamil aint cute at all

shadrach77:
http://gbojublog..com.ng/2016/05/tee-billz-further-reveals-why-he-is-no.html

Josegun:
I wonder what is their problem with subsidy, they should allow that sector to run on its own with little regulations and watch the price crashed. Telecommunication is a good case study and it's still crashing.

yusaze:
Davido ’s daughter Imade Adeleke is a year old today, May 14th.
It’s been a long year for the toddler. Her parents engaged in a very public spat and she was hospitalized after getting infected with Marijuana from her mother let to talk of her being a topic of debate at the International Airport.
Haba no cake or parry? Haf they bought you the car now? ;Davido nor get chill at all shaaaa


To celebrate her birthday, her mother Sophie Momodu posted the photo below alongside a message. She wrote,

“She was born to be the ‘un-anxious’ presence in the room.. It was love at 1st sight. It was everything all at once..the kind of love you never fall back from. Never try to. Never want to. A love so big, so strong, it never dies. Never fades, never loses its electricity. The kind of love you fight for. The kind of girl you go to war for. The kind of love you never want to get away… We are not perfect but we made something incredibly perfect for what is done in love is done well. I’m grateful & humbled that God trusted me with you, I will never take it for granted.
#HappyBirthdayDaughter #AuroraImadeAdelekeIs1"

https://www.instagram.com/p/BFY0Xysuypq/


Via: www.9janewsarena.com/2016/05/davidos-daughter-imade-is-1-year-old.html

aminulive:
Senator Musiliu Obanikoro graduated trom Oglethorpe University in the United states todag. The fotmer minister is currently wanted by the EFCC for the role he played in the election poll bribery scandal.

Musiliu bagged a post graduate qualification in history. Prior to this the native of Ita-Odo, Isale Eko,Lagos Island, had a BSc in Public Affairs from Texas Southern University as well as a Master’s in Public Administration.

http://dumebiifeanyi.com/obanikoro-graduates-american-university-degree-history-photo/

Keneking:
Suit no even fit this man. Na T-shirt and jeans e for dey always wear.

Fashola handed over the progress report of this road at transition.

Budget has been passed, let's allow Fashola's ministry handle the job clinically not some Alausa standard at this point in time.

Even if you spend tax payers money to fix it, do not expect any refund from the FG

Already we have N60bn in the Appropriation Act for this work, I am not sure that LASG budget for 2016 has anything there for this

citizenisb:
http://www.punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/