Parachoko's Posts
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1nice:The sit at home will hold in most part of the South East Believe me 100%, nobody in the South South send Biafra If Nigeria divide tomorrow, there will be no talk of a united South East and South South I strongly doubt the South South will even form a united country sef, no to now talk of been part of Biafra. Is so foolish leaving Nigeria and join a Mini Nigeria. |
1nice:I think I have to agree with nedu666, you're not an Igbo man but a troll. |
1nice:Lol ![]() You IPOB members are so lucky Nigeria can't divide anytime soon That's the only reality that can make you guys face reality The Eastern Region was a creation of the White Man just like Nigeria. Biafla will start and end in Igbo land. And let me make it clear, I have no problem with Igbos getting Biafra, Biafra is for Igbos alone. |
1nice:Nothing concern the South South with Nnamdi Kanu You IPOB miscreants will get the Oyigbo treatment when una bring una madness com the South South again |
Jagabanarmy:Oh okay You're welcome boss |
saintkel:Why are you crying because of my personal opinion? |
Jagabanarmy:Every state can not have a refinery It won't make business sense to build a modular refinery in a place like Maiduguri, oil deports can be created there Modular Refineries should be built close to where they can easily get crude |
A 23 Years old is already an Assistant Pastor All this people establishing Business Centres disgusing it as Church eh And the mugu dey talk sh!t Foolish Obidunze Zombie An unknown pastor wey suppose go dey carry olosho if konji hold am don choose to ruin his life and business. |
Bobloco:Tinubu and the APC have Choosen Akpabio He is the Senate President Elect. |
Aisha Buhari stood behind Asiwaju She supported Asiwaju more than Buhari sef |
Akpabio is the next Senate President Accept this Reality and give yourself Peace Of Mind |
Ofunaofu:Akpabio is the next Senate President Accept this reality and have Peace Of Mind |
Adeleke won base on how APC present the case He was not safe by his lawyer |
Gentew:I hope they won't start cursing the Judges after their loss |
iHateFraudsters:who are you talking about 🤡? |
iHateFraudsters:You can see his cousin accepting his defeat at Supreme Court in good faith. Pandora uchins were the ones asking for an Interim Government which is not recognize by the Nigerian Constitution I hope Pandora uchins won't start wailing the Judges have been bribe when Pandora lost. Nah Pandora uchins dey ask for military to take over because they lost a free and fair election. |
Nice One from Oyetola I hope Pandora will accept his defeat at the Tribunal and Supreme Court in good faith and congratulate The President Asiwaju Bola Ahmed Tinubu |
Nah so the place dey full |
In the last few months, some manufacturers have suspended the production of detergents, cosmetics, and other brands due to challenges in bringing in raw materials. Now it seems some good tidings will be flowing from the pipeline. Most of those production lines are set to bounce back into operation as the 650, 000 barrels per day Dangote refinery is poised to start the production of critical materials like naphtha and polypropylene that will help activate affected industries like cosmetics, detergent, textiles, and plastics among others. Recently, Aliko Dangote, Business Magnate and President of Dangote Group during an interview, spoke extensively on the potential of the refinery which is scheduled for commissioning on May 22, 2023. He said, “The refinery’s completion will not only create direct and indirect jobs but also lead to skills transfer and technology acquisition opportunities that will benefit the downstream sector. Moreover, the refinery’s production of critical products like naphtha and polypropylene will stimulate the development of other industries, such as cosmetics, plastics, and textiles.” “We see room for the development of added value in agribusiness too. Here, initiatives like our Sugar Backward Integration Projects look to create a strong localized supply in the sugar industry. With a goal to produce around 0.5 million tons of sugar per year from locally grown sugar cane, benefits will be created across the sugar value chain for local suppliers.” According to Dangote, Nigeria has a variety of untapped natural resources that, for commodity-driven investors, offer options in the upstream, midstream, and downstream segments. Also, Dangote believes that Nigeria’s import dependency and reliance on foreign markets present major prospects for import substitution and supply chain localisation. He stated that across various consumer-goods sectors of the economy, as well as supply-side needs for commercial and industrial enterprises, there are different options to set up localised supply networks. According to a report, the Group Executive Director, Strategy, Portfolio Development, and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, said the Dangote refinery would stimulate economic development in Nigeria because it could meet 100% of the Nigerian requirement for all liquid products. These products include gasoline, diesel, polypropylene, kerosene, and aviation jet fuel. He also said the refinery can provide a surplus of each of these products for export. Edwin had said. “The high volume of petrol output from the refinery would transform Nigeria from a petrol import-dependent country to an exporter of refined petroleum products.” “We believe change is imminent, with the Dangote Refinery looking set to begin operation towards the twilight of 2023. If fully utilized, we believe the refinery can redefine Nigeria’s domestic production of white products (petrol, Automotive Gasoline Oil, AGO and Dual-Purpose Kerosene, DPK), and potentially turn the country into a net exporter.” https://brandcom.ng/2023/05/detergent-cosmetic-brands-others-set-to-bounce-back-as-dangote-refinery-begins-operation/ |
Vice President Yemi Osinbajo, on Monday, in Abuja, said it would take serious private sector investment in Nigeria’s power sector to meet the country’s rising energy needs. Osinbajo made the observation when he presented the discharge certificate to the Chairman of Transcorp Ughelli Power Limited – the core investor in the Ughelli Power Plant -, Mr Tony Elumelu. The discharge comes one month after the National Council on Privatisation approved the recommendations of the Bureau of Public Enterprise that Ughelli Power Plc be delisted from routine monitoring, having satisfied five core post-acquisition requirements, namely: available capacity, capital expenditure, human resources, health, safety and environment and corporate social responsibility. Commissioned in 1966 with an installed capacity of 972MW, the Ughelli Power Plant, whose capacity had dropped to 300MW, became an asset of the Transnational Corporation of Nigeria Plc in 2013 under the company’s power subsidiary, Transcorp Ughelli Power Limited. Since its acquisition a decade ago, the Bureau of Public Enterprise has carried out post-acquisition monitoring and evaluation on the facility, the BPE Director-General, Alex Okoh, revealed at the meeting. Speaking at the State House, Abuja, the VP said, “The power needs of our country are grave. And we strongly believe that the right approach is the privatisation of the power sector to enable serious-minded private sector players to invest in the provision of public power and ensure that they are efficient while they make a profit at the same time.” He called on other private sector players to follow suit, saying, “We hope that this will not be the last in the series of private power companies that are taking over power plants that are unable to meet the expectations of the post-evaluation plans.” The Vice President also described the routine evaluation and monitoring of the power-generating company as an essential feature of the post-acquisition plan by the BPE. “It has covenants and deliverables which the enterprise is supposed to live up to. And we found, in this case, that Transcorp Power PLC has done exactly that. We have been able to ensure compliance with all of the deliverables and, in some cases, even exceeding the covenanted deliverables in the PAP,” the VP added. On his part, the DG BPE explained the discharge certificate became necessary after an evaluation showed that UPP’s generation capacity under Trancorp Power grew by 227 per cent in a decade. He said, “Following a capacity determination and validation of Ughelli Power PLC by the consultants engaged by the National Council on Privatisation, it was determined that generation capacity had increased by about 227 per cent from the operational status of 300 megawatts at the point of handover in 2013. “The company has achieved an available capacity of 680.8 megawatts, which surpasses the minimum performance target of 670 megawatts. Capital expenditure totalling N58.6bn was the covenant established for phases one and two of the post-acquisition plan, while actual investments made by the current investor were in the sum of N83.85bn. All the agreed benchmarks on human resources, health, safety and environment and corporate social responsibility have also been achieved. “Your Excellency, having exceeded the minimum performance targets and having fulfilled all the agreed obligations, the National Council on Privatisation at its meeting on April 4, 2023, considered and approved the recommendations of the Bureau and its requests that the company, Ughelli Power PLC be approved for delisting from routine monitoring.” In his remarks, Mr Elumelu revealed that the company’s indigenisation plan has ensured that the Power Plant is managed and run by Nigerians alone. “Mr Vice President, let me also say that in addition to the criteria set, we actually are doing a very strong indigenisation of Transcorp Power Plc. I’m proud to say that our power plant is managed and operated 100 per cent by Nigerians. “We at Transcorp Group recognise the importance of improved access to electricity. We know that with improved access to electricity, people can go to school, hospitals can function well, businesses can operate very well and most importantly can empower the industrialisation of our country. “This is why we invested in power and continue to invest in the power sector because we know it holds the key largely to the success of our country,” he said. https://punchng.com/osinbajo-presents-discharge-certificate-to-transcorp/ |
We need more modular refineries to be built |
Edo Refinery and Petrochemicals Company Limited has placed an order for 200,000 barrels of crude from Oza Oil Field operated by Decklar Resources Inc and Millenium Oil and Gas Company.https://punchng.com/edo-refinery-orders-200000-barrels-of-crude/
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abbasajao:I think Atiku still wants to contest |
OChimex:So which forward thinking politicians have guys like you been voting for? |
RepoMan007:You go wicked o ![]() |
sonature1:The punishment for people bypassing the prepaid meters needs to be very severe |
trulymatters:Your fellow Pandora uchins like Asgard below cares 001Lagos: |
KonTagiousBull:Why will I be scared because Peterside is misinforming Pandora uchins? |
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