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The Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, yesterday, said the Federal Government will announce the private investors in the refineries in the coming March.

Speaking at a session during the ongoing Nigerian International Petroleum Summit (NIPS), Kachikwu said the government was also considering a policy that would compel multinational oil and gas firms operating in the company to build refineries in Nigeria.

The minister said, by that time, international oil firms would no longer be allowed to ship out all the crude oil they produced in Nigeria.

The minister noted that emphasis would shift to local production of substantial portion of the crude oil produced in the country.

Daily Trust reports that no international oil company (IOC) currently owns a refinery or refined petroleum products in the country. However, there have been recent commitments by the IOCs to build one or provide equity funding for the repair of the existing refineries.

“We would get to a point where Nigeria, definitely, would be a major supplier of refined petroleum products. It just has to happen. Nothing else makes sense,” the minister said.

“We are also saying directly to oil companies that a time would also come when we would not be open to see them move around all the crude oil they produce in Nigeria.

“We will like to see integrated refining and integrated processing here. It gives us more jobs and creates more investment,” Kachikwu said.

Speaking earlier, the minister said the challenge to oil companies had changed.

“Oil has got to provide the resources to power this country; jobs for our people; and the operational environment that is transparent enough for others to take Nigeria serious.

“My target over the next 10 years is for Nigeria to become self-sufficient in its own power provision, gravitate from crude oil as it where, to very refined, clean provision of fossils.

“Nigerian entities and Nigerian shareholders would begin to move from the minuscule 10 per cent today to between 40 and 50 per cent of local investments.”

The minister said since the launch of the 7Big wins two years ago, the administration had been able to change the funding capacity for the upstream that had energised investors in the upstream sector.

“Now we are beginning to see projects like Egina, $15bn; Zabazaba, potential $10bn; Bonga, potential $10bn, and the likes and so many other investments put at over $40bn potential investments over the next five years, if we do the right thing,” he asid.

https://www.dailytrust.com.ng/fg-to-announce-refinery-investors-next-month-kachikwu.html

Leaders of the Peoples Democratic Party (PDP) from the South South say they have resolved to work in unison to take over the presidency next year.

The South South PDP leaders said the APC-led Federal Government had failed, destroyed and destabilised the nation’s security infrastructure, economy and made the country slide into unprecedented suffering.

Speaking during a PDP South South Zonal Executive Council meeting yesterday at the Banquet Hall of the Government House in Port Harcourt, they said it was in the interest of Nigeria for APC to be shown the way out.

National Chairman of the PDP, Prince Uche Secondus, said, “This crisis is no longer a laughing matter; the country is coming to an end and we must rescue the nation.”

Secondus said only PDP governors were performing, while their APC counterparts had failed their respective states. He also added that ministers in the Buhari administration had failed to perform.

“Come 2019, Nigeria will be liberated from the hands of the APC. The APC has lost ground in all the six geo-political zones. We have to take one final step to sack APC’s vengeful government,” Secondus said.

Rivers State Governor, Nyesom Wike, who declared the meeting open, stated that PDP leaders would do everything possible to ensure that the party emerged victorious in 2019.

He said, “For us, what we want is free and fair elections for Nigerians to determine the future of the country; Nigerians are tired of the APC.”

https://www.dailytrust.com.ng/2019-s-south-pdp-leaders-vow-to-give-buhari-big-fight.html

Nigeria presently has about 400,000 police officers and men to take care of the security needs of 180 million people. Yet 150,000 of them are attached to VIPs and unauthorised persons in the country, according to the Police Service Commission, PSC. The commission’s chairman, retired Police Inspector General Mike Okiro recently said, “We cannot have more than half of the police population I private hands.” He said that the commission in conjunction with the Nigeria Police Force had commenced withdrawal of police officers attached to unauthorised persons but that the exercise stalled due to lack of funds.

Okiro also lamented at the practice where persons who served as ministers ten or fifteen years ago still go about with police escorts. While decrying the inadequacy of the ratio of police men to the population, Okiro requested for the recruitment of more policemen. He said the issue of paucity of funds had been one of the problems hampering the recruitment of more policemen. The chairman said that the Police Trust Fund bill before the National Assembly, if passed into law, would go a long way to address the issue of funding for the police.

What Mike Okiro said about many police officers attached to VIPs and unauthorised persons is nothing new but coming from the chairman of Police Service Commission underlies its importance. We are however surprised by his seeming frustration because back in 2015, President Muhammadu Buhari directed that policemen attached to unauthorised persons and VIPs should be withdrawn and deployed to confront security challenges in the country. The presidential order was not carried out apparently due to lack of funds as Okiro said. Trouble is, top government officials attribute inaction to lack of funds so commonly that Nigerians are now tired of hearing that excuse. The police force in particular is not famous for its management of financial resources. Giving more money to it is akin to throwing money into a bottomless pit.

Since the presidential order was given two years ago, police officers and men attached to VIPs and former officials should be recalled as soon as possible. The only exceptions should be sensitive places and persons such as banks, embassies and judges. This is imperative with the security challenges facing the country. Kidnapping, farmers/herders clash, cultism and rural banditry among others need the attention of police officers, instead of them to protect the privileged few. And they are public officers, paid by the government, yet they are cornered to private use by those that don’t merit it. The general public is pathetically left to device a means of policing themselves through cobbling of youth groups as vigilante to protect them.

This practice also has a ruinous impact on the profession since those policemen don’t want to be re-posted because of the money they get from the people they are attached to, or indirectly through them. Some go to the extent of declining promotion and conniving with principals to continue to stay with VIPs. This is detrimental and demeaning to the work of police officers to prefer to work as ‘errand boys’ and even virtually as domestic servants by escorting ‘madam’ to the market. Those cops attached to politicians can be used to harass political opponents or to unduly bully motorists on the road.

Many policemen have been seen in the ‘convoy’ of people of questionable character, giving citizens the impression that police ‘protection’ is for the highest bidder only. This terrible arrangement that ignores police protection for the whole and instead gives police protection to a few should come to an end as soon as possible. Policing is too important to be neglected by so-called lack of funds.

The human and capital loss due to inadequate policemen to police places is more than the funds that would be used to recruit more. There is no alternative to making people live in peace, feeling secured and protected by the state. Any other thing such as self-help would lead to anarchy.

https://www.dailytrust.com.ng/recall-policemen-attached-to-vips.html

PMB and his wicked economy policies will still not believes that the crude price is up in the international market. Please stop borrowing...

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