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NNPCL, Others Give Nigeria Economy Clean Bill of Health, Say PH, Kaduna Refineries Begin Production August, December
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has declared that the Port Harcourt refinery will begin to deliver refined petroleum products in August while that of Kaduna and Warri will commence by December, just as he insisted that they were not lying to the nation.
Kyari, who spoke on Monday, in Abuja when he appeared before Senator Sani Musa, APC, Niger East led National Assembly joint Senate and House of Representatives Committee on Finance during an emergency session on the state of the economy, assured that by the end of the year, Nigeria will be a net exporter of petroleum products.
Recall that Mele Kyari had said in March this year shortly after meeting with the Senate Ad-hoc Committee on Turnaround Maintenance of the country’s four refineries that the Port Harcourt refinery will begin to deliver refined petroleum products in two weeks. He had disclosed then that the rehabilitation of the refinery had been completed, having passed its “completion mechanical” procedure.
The NNPCL Chief Executive Officer opened up yesterday when the Senator said, “Thank you, Group CEO. We have not reached the questions and answers session. For the benefit of the press that is here, I know that they are very keen to know if we will start our domestic production from our refineries that have been refurbished. So if you can just give a word on that, then we now excuse the press so that we can go on to the closed session.”
Kyari said, “Yes, I’m aware that there are several comments in the public space around refining business and domestic production, including production that will come from the commissioned Dangote refinery. Yes, this country, as we have said, will be a net exporter of petroleum products by the end of this year.
“We are very optimistic that by December this country will be a net exporter. That means a combination of production coming from us, and also from the Dangote refinery and other smaller producing companies that we know are in line to do this.
“So I can confirm to you, Mr. Chairman, that by the end of the year, this country will be a net exporter of petroleum products.
“And specific to the NNPC refinery. As you recall, and we have spoken to a number of your committees, it is impossible to have the Kaduna refinery come into operation before December, it will get to December. Both Warri and Kaduna.
“Let me explain this very clearly. We did have mechanical completion of the Porth Harcourt refinery, which means that every technical work that is required to get the refinery to work has been completed. This is what we announced December last year, if you recall.
“Once you are mechanically completed for an existing refinery, even for new ones, there are several technical steps that you have to take when you are introducing hydrocarbon into this plant. It is only then that you will see the real challenges of even a new refinery. And I can confirm to you today that we have gone through this.
“We are already introducing hydrocarbon under a hot situation, that’s what we call it. And I’m very sure that latest by early August, the Port harcourt refinery will start producing products.
“And of course, the new one will get to December. And Warri will also be in production. I’m very optimistic. I don’t have any confirmation at this moment, so that nobody quotes me and says, oh, you keep lying. No, we’re not lying to you, Mr. President. This is a technical process.
“We do our best of intention. You can put debts on a refinery start-up, but it is when you get to start-up that you see the real challenges, even for a new refinery. As you can see, even a new, porthacouurtģ refinery, it really has to take steps and processes to get it to full operationality.
“This is very normal in a refinery operation. So we don’t put hard debts on it because there are things that you are never in control. Otherwise, I can confirm to you that we are taking every step to make sure that it works.”
In their remarks, the Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso who was represented by his Deputy, Economic Policy Directorate, Muhammad Sani Abdullahi, the Minister of Budget and Economic Planning, Senator Atiku Bagudu all agreed that with the ailing economy situation, Nigeria is emerging stronger.
The CBN particularly said that Nigeria was emerging stronger from her economic malaise.
In his remarks, Chairman of the Committee, Senator Musa, who urged Nigerians to persevere, said that the indicators are showing that the economy was doing well.
Senator Musa said, “at least we heard from the Honorable Ministers that are here. We also heard from the group CEO and the representative of the government of the central bank. And all that we have all heard, we are all on the same path.
“It is about economic growth. It’s about how we can get our policies to work. How we will support Nigerians.
“The National Assembly is very concerned because we are the representatives of the people. And we are obliged to ask what is happening. And this is the reason (why) such a meeting is very important.
“And we have heard from them. At least they have given us a preamble of the activities going on. On how our economy can get back on track.
“You are all aware of the obstructions our economy has had in the previous years. And it’s not going to be easy that overnight, in 365 days or in one year of the coming administration, things will change. It will be gradual.
“And I believe that Nigerians will persevere. This is the only time we can all come together as Nigerians to give His Excellency the President all the needed support. To get us out of all the trouble we have been.
“And you can see the indicators are showing that the economy is doing well. The only thing is that things are a bit difficult because it’s not easy for inflation that has gone up to go down like that. It takes time.
“There are some indices, there are some indicators that have to work together. It’s not like having positive and negative cables. When you put the two together, you will achieve what you want to achieve.
“But when you say, okay, everything should go negative, it will not work. So we have had negativities in the economy. And now we are trying to bring the positivities to work.”
Vanguard
Former Military President, Gen Ibrahim Badamasi Babangida (IBB), is set to launch his long-awaited autobiography.
Reports said the memoir titled: ‘A Journey In Service’, will be released on February 20, 2025, at the Congress Hall of Transcorp Hilton Hotel in Abuja.
The development is coming 32 years after IBB left office.
The regime of the former Head of State was negatively shaped and defined by the adoption of the Structural Adjustment Programme (SAP) policy, among other regulations, which sparked a nationwide riot by student union and other similar groups.
There was also the unresolved murder of the late journalist, Dele Giwa, and the June 12 annulment, among other controversial issues.
While in office, IBB was popular with the moniker “evil genius” and “Maradona”.
Explaining the nicknames, IBB said they were manufactured by the media because of his “deft political moves”.
“That’s the very good thing about the Nigerian media and Nigerian people. You have to anticipate them.
“If you anticipate them, then you live well with them. They call me ‘evil genius’, I marvel at that. The contradiction, you can’t be evil and then be a genius.”
“The definition of Maradona I got from the media is because of deft political moves. That’s the way the media described it”, he had said.
He succumbed to pressure in August 1993 when he “stepped aside” for the late Ernest Shonekan as the chairman of the Interim Government.
The late General Sanni Abacha would, however, topple the government in 1993 and would subsequently die in office in 1998.
Although IBB granted interviews to local and international media since leaving office, he has somehow found a way around some of these contentious issues that happened during his rule.
About seven years ago, he had expressed doubts about writing an autobiography, saying he was uncertain if Nigerians would “want to read about a dictator”.
He added that the public had a wrong impression of him, citing his role in the June 12 crisis, and some of the policies he unfurled between 1985 and 1993 as head of a junta.
However, he made a U-Turn and wrote the book.
President Bola Ahmed Tinubu will lead former Nigerian leaders and their counterparts in other parts of Africa to grace the much awaited autobiography.
According to an invite dispatched to dignitaries this week, the board of trustees of the IBB Presidential Library Foundation said the book launch will take place alongside fundraising for a Presidential Library.
The organisers said the event would be chaired by former President Olusegun Obasanjo, with President Bola Tinubu as the Special Guest of Honour.
The keynote address would be delivered by the former president of Ghana, Nana Akufo-Addo, while former vice-president Yemi Osinbajo would review the autobiography.
Other guests billed to attend include ex-presidents Muhammadu Buhari, Yakubu Gowon, Abdulsalami Abubakar, and Goodluck Jonathan.
A former Minister of Defence Gen. Theophilus Danjuma and Chairman of BUA Group; Abdul Samad Rabiu, are named chief launchers.
Members of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) have expressed support for the recent court ruling that nullified the party’s congresses in Rivers State.
The NWC members made their position known during a visit to Governor Siminalayi Fubara at the Government House in Port Harcourt on Wednesday night, where they also held a closed-door meeting with the Governor.
The delegation included the PDP National Publicity Secretary, Debo Ologunagba.
Speaking after the meeting, the National Treasurer, Ahmed Mohammed, reaffirmed Governor Fubara’s status as the party leader in Rivers State.
He described their visit as part of an effort to realign the party and strategize for a comeback in the 2027 elections.
Mohammed stated their commitment to fostering unity, stability, and effective repositioning in the State.
He also expressed the NWC’s support for Ude Okoye, who was recently reinstated as the party’s National Secretary by the Court of Appeal.
Mohammed urged party stakeholders and governors to rally behind Okoye for the party’s progress.
The visit comes just days after PDP Youth leaders from across the country met with Governor Fubara in a bid to resolve internal party crises, with a focus on affirming his leadership in the state.
The court ruling that nullified the Ward, Local, and State congresses, which were won by allies of the Minister of the Federal Capital Territory, Nyesom Wike, has created ripples within the party.
The congresses, which were held last year, were marred by conflicting court orders, with a State High Court restraining the exercise while a Federal High Court allowed it.
Following the nullification, an interim committee emerged, saying it will oversee the leadership of the party in Rivers State.
Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, has denied the request of Economic and Financial Crimes Commission (EFCC) to issue an arrest warrant for Dr Oba Otudeko, Dr Bisi Onasanya and others due to lack of formal service on the defendants.
The court addressed multiple motions during the session, including the Prosecutor’s request for a warrant of arrest, which the Judge rejected due to the lack of formal service to the defendants. The Judge, therefore, granted an application for substituted service.
Bode Olanipekun, appearing for Dr Otudeko, sought an order restraining parties from irresponsible use of the media, Thus, the Judge advised all parties to exercise restraint in media engagement and urged journalists present to ensure accurate reporting of court proceedings.
The case has brought the EFCC under scrutiny for allegedly flouting procedural norms.
Critics have faulted the agency for going public with the charges without first formally serving Otudeko and other implicated parties. Legal experts argue that this approach undermines the principle of fair hearing and could prejudice the public against the accused.
The case has been adjourned to February 13 for arraignment.
