₦airaland Forum

[quote author=chisomkachy post=116626151][/quote]Ijebu rewa!

Corridon:
Welcome our daughter

Our daughter is back home!

Wolverhampton is going head to head with Manchester City starting on 17 Sept 2022 at 11:30 UTC at Molineux Stadium stadium, Wolverhampton city, England. The match is a part of the Premier League.

Currently, Wolverhampton rank 14th, while Manchester City hold 2nd position. Looking to compare the best-rated player on both teams? SofaScore's rating system assigns each player a specific rating based on numerous data factors.

Will this game be off too?!

9japride:
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It's terrible. Let's hope a large percentage of the population in the country make the right choice during the next election. Nigeria can be a lovely environment if things works well.

I pray and hope so, but we have too many greedy youth, that want only what they can get for themselves!

9japride:
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I don't want to think about it, las las people will have sense. Dubai and other oil rich countries are developing their zones and investing for the future. But over here is to spend unnecessary money on zom.bies and frivolous activities they know how to do

Even Venezuela is getting out of their problem, but here individuals are eating our collective foods!

9japride:
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It's to have patience and hope for a change in the year 2023. If people really understand the level of wastage in the country, they won't be attacking themselves here in nairaland while the big boys in position of authority are flexing. Those monies can solve a lot of issues.

$700m per month at N420 is N294bn and N3. 53 trillion per annum! More than 25% of our annual budget!

9japride:
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It's the oga at the top na.

What can we do, that under our father the saint, oils are been stolen like water!

9japride:
It's just a blank statement, just like saying snake and monkey swallowed some monies. The kind of wastage in this country is terrible and I am not surprised that wicked individuals will always support funny characters as leaders because they are mostly responsible for the disappearance of such funds. Why can't we just behave like reasonable humans and create a better environment for everyone?

Who is the Minister of Petroleum Resources?!

Even Alake knows he is lying!

FreeStuffsNG:
It is not really a loss per se once it is not theft of pipeline spillage

They are using vessels!

Funny that Nigeria can not solve basic problem of accountability!

Lalasticlala!

Organised stealing!

Buhari really failed the nation!

Nigerian National Petroleum Company Limited said it lost 470,000 bpd to crude oil theft, especially those perpetrated in the oil-rich Niger Delta region.

The loss, it said, has hindered it from reaching its production quotas set by the Organisation of Petroleum Exporting Countries. This accrues to $700m lost monthly between March and September 2022

However, the company said it has assembled an array of digital control systems to curb the losses.

The Group General Manager, National Petroleum Investment Management Services, Bala Wunti, disclosed this to journalists in Abuja.

According to Wunti, the pipelines, particularly those around the Bonny terminal, cannot be operated due to the activities of criminals.

He said, “If you’re producing 30,000 barrels a day, every month, you get 1,940 barrels. So, what it means is that you can take it to 270 every four days, calculate it in a month; you will have seven cargos in a million barrels, that’s seven million barrels.”

“When you multiply seven million barrels by $100 that is $700m lost per month, about 150,000 barrels expected differ, we are not producing due to security challenges.

“The Shell Petroleum Company trunk line, TNP transnational pipeline cannot be operated and this has been like this since March 3 that we put in this. Just take your calculator, 150,000, it means if you want to arrive at 1 million barrels per day, it means every week as a minimum, basically for one week alone, it’s four cargo and four cargo is four million barrels.

“Four million barrels formula bar or $100 is $400 million. So you can do your calculations by yourself, take whatever price you want, take this to multiply by the number of days that have been shortened since March 3rd.”

The GGM said the impact of pipeline vandalism has caused low crude oil production, interrupted gas supply, countrywide interruption of distribution of petroleum products, refineries’ downtimes, increasing instability in the oil and gas market.

Related News NNPC defends 68m-litre daily consumption, backs forensic audit NNPC can’t justify N6.34tn petrol subsidy – Customs Cash call: FG clears $3.81bn, owes IOCs $873.34m

“Nigeria will suffer for it; the revenues are impacted, so we can only appeal to them to rein in themselves, the oil theft situation is regrettable. It’s not going on across the whole of the Niger Delta, there are trunk lines that are more impacted on, I think the Bonny trunk line ranks highest.

“Our major challenge as a country is our capability to respond and that is as a result of several factors, the terrain as well as some incapacity that we have.”

On the company’s efforts to contain the menace, Wunti said the NNPCL deploying technology in monitoring the illegal activities around its facilities in the creeks.

“I was in the Saudi Arabia infrastructure twice, and I know what they have. It’s a digital control system; it’s different from our own. Digital control system, it’s like you have the control system of all your assets in one place.

“This is beyond the digital control system; it’s also a security system and we are doing it and to tell you that this was built-in by our in-house software engineers because of the security sensitivities to it because they are customized, the moment you give to somebody who creates that. So, we use a combination of technology to integrate and synchronize and create what we are now confident and comfortable with,” he said.

Speaking on the synergy with other government agencies, Wunti explained that the Nigerian Midstream and Downstream Petroleum Regulatory Authority, formerly DPR, and then the regulatory commission issue what they call Bill of Quantity and they also handle vessel clearance and export permits while the Federal Ministry of Trade and Industry, handles the issuance of export permits.

He said, “We also relate with the Nigerian Customs Service which also helps with the export permit and to also clear all the vessels; and the Central Bank of Nigeria, processes all Nigerian Export Proceeds forms, Nigerian export supervision scheme. So, these are all the agencies we deal with, it’s not an NNPC thing, we have to work through all these agencies before a ship can come in and sail.”

He noted that some of the government agencies at the terminals include: Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Nigerian Customs Service, NNPC terminal representatives, pre-shipment inspection agents, the Nigeria Immigration Service, the Nigerian Ports Authority and the Nigerian Port Health Authority.

He added that the Navy will be deployed “anytime from now”.

“They also want to be at the terminals to see what is going on. A lot of back-and-forths have been going on in the recent past, blaming the Navy. So, they want to be there to participate physically in what’s going on. It’s not just an NNPC thing, it is all government agencies working together to make sure that each ship that comes at any point in time has all the clearances,” Wunti noted.



https://punchng.com/oil-theft-nnpcl-loses-700m-monthly/

Queen was a great Woman, Lalasticlala!

The Royal Family has announced the burial date for late Queen Elizabeth II. The date has been slated to 19th September,  2022, which is precisely on Monday.

Late Queen Elizabeth II, was the longest-serving monarch. She died at Balmoral aged 96, after reigning for 70 years.

Announcing the date on its verified Twitter handle, The Royal Family said: “The State Funeral of Her Majesty The Queen will take place at Westminster Abbey on Monday 19th September.

“Prior to the State Funeral, The Queen will Lie-in-State in Westminster Hall for four days, to allow the public to pay their respects.”

UK raises flag to mark the accession of King Charles

Similarly, the British High Commissioner to Nigeria, Catriona Laing has said “From 9am on 10th September to 1pm on 11th September flags on UK government buildings around the world will be raised to mark the accession of King Charles III to the throne before returning to half-mast until 8am on the day after the funeral of Her Late Majesty Queen Elizabeth II.”



https://www.vanguardngr.com/2022/09/late-queen-elizabeth-ii-to-be-buried-19th-september/

Zydote:
https://pmexpressng.com/tinubu-and-modernisation-of-public-transportation-in-lagos/

You must be a big liar, Labour bus was so organises, around Methodist Girls High School, same place is where rail is now!

Buckeyemedia1:
Shameless Goats, who is the Minister for Petroleum?

Baba Buhari!

ijustdey:
https://leadership.ng/fg-decries-underpayment-of-nigerian-doctors-abroad/

This Government ooo!

Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years.

Angola’s average daily output in August of 1.17 million barrels was more than Nigeria’s at 1.13 million barrels, according to Bloomberg’s survey of monthly OPEC output. The last time that happened was in April 2017 when both nations were pumping about 500,000 barrels a day more, the same data show.


https://www.bloomberg.com/news/articles/2022-09-08/angola-tops-nigeria-as-africa-s-biggest-oil-producer-in-august

iSense247:
https://dailypost.ng/2022/09/09/2023-gumi-tukur-mamu-fly-private-jet-campaigning-for-atiku-fani-kayode-claims/?amp=1

Is this man aright now!

Naptu2!

Hope FIFA will not ban us for interference Lalasticlala!

The Federal Government on Friday scrapped the League Management Company managing the Nigeria Professional Football League.

To this end, the federal government also ordered the Nigeria Football Federation to withdraw the LMC license and set up an Interim Management Committee to oversee the league.

The directive was contained in a press statement issued on Friday by the Permanent Secretary of the Ministry of Youth and Sports, Ismaila Abubakar.

According to the federal government, the decision became imperative after a competent court of jurisdiction declared the League Management Company an illegal body.

The statement read, “In view of the several unpleasant incidents regarding the management of the Football League, specifically, the declaration of the National Football League (NFL) as an illegal body by the Court; the status of the League Management Company (LMC), the NFL’s successor-in-title being outside the purview of the Statutes of the NFF; the Federal Government is constrained to withdraw its recognition of the LMC as the operator of the Nigeria Professional Football League, with immediate effect.


“This decision has become necessary because of the obvious aberration (which is at variance with our football statutes or the laws of the land) whereby a private company is gifted the mandate to manage or run the league indefinitely, without the full involvement of and leadership by the clubs, and devoid of any process to monitor the progress and development of the game.

“Sequel to the above, and in order to rescue our domestic football from total collapse, the BOARD OF THE LMC AND THE LMC AS A BODY WOULD NO LONGER BE RECOGNISED BY THE FEDERAL GOVERNMENT AS OPERATOR OF THE NIGERIAN PROFESSIONAL FOOTBALL LEAGUE.

“To avert further chaos in our domestic football, the NFF is advised to immediately withdraw the Licence given to the LMC and, in the meantime, set up an Interim Management Committee (IMC), to include the current Chief Executive Officer and Chief Operating Officer of the LMC to oversee the affairs of the League until a proper Professional League Board is constituted in accordance with the Statutes of the NFF.”

https://punchng.com/fg-scraps-npfls-league-management-company/