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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
The Libyan Football Federation (LFF) has addressed the circumstances behind the extended delay at Al Abraq International Airport, where the Super Eagles of Nigeria were held hostage for over 15 hours, and attributed the situation to routine air traffic and logistical challenges rather than deliberate foul play.
In a statement on Monday via X, the LFF sought to clarify the events, emphasising that the diversion of the Nigerian team’s flight was not intended as a hostile act.
“We firmly reject any claims that suggest foul play or sabotage in this situation,” the LFF said.
Meanwhile, in the most recent development, Super Eagles players and officials have been reportedly set to depart from Libya.
This was disclosed by a sports enthusiast, identified as Pooja Media, via his X handle on Monday, according to The Punch report.
He wrote, “Super Eagles players and all officials are boarding to fly out of Libya to Nigeria. Thank God.”
Confirming this, a player, Bruno Onyemaechi, wrote, “Me and Libya, I don wash my hands commot. Nothing concerns me and una again. Thank God I’m going back.”
The team, held at an abandoned airport for over 15 hours, has resolved not to play the match, citing safety concerns.
Nigeria Football Federation director of communications, Ademola Olajire, confirmed that the team would fly back home.
“Players have resolved not to play the match any longer as NFF officials are making plans to fly the team back home,” Olajire stated.
Four Israeli soldiers have been killed and more than 60 people injured in a Hezbollah drone attack on an army base in central-northern Israel, according to first responders and the Israeli military.
The incident late Sunday local time is one of the bloodiest attacks on Israel since the beginning of the war last October.
The Israel Defense Forces (IDF) said an unmanned aerial vehicle, or UAV, launched by Hezbollah hit an army base adjacent to Binyamina, a town north of Tel Aviv that lies some 40 miles from the Lebanese border.
The four killed soldiers were all 19 years old and in infantry training at the base, the IDF said, adding that eight other soldiers were severely injured.
According to Israel’s Magen David Adom emergency service, a total of 61 people were wounded in the attack, with dozens still hospitalized.
The news comes after Hezbollah said Sunday it had fired a swarm of attack drones on an Israeli infantry training camp in Binyamina.
The Lebanon-based militant group said the attack was in response to deadly Israeli strikes in Lebanon Thursday.
Hezbollah said it had targeted the Golani Brigade, an infantry unit of the Israel Defense Forces (IDF) that has been deployed in southern Lebanon. The claim of responsibility for the attack came shortly after the militant group released an audio message from its slain leader Hassan Nasrallah calling on its members to “defend your people, your family, your nation, your values and your dignity.”
Earlier on Sunday, the IDF said it had intercepted a Lebanon-launched UAV without specifying where. It was not immediately clear whether this was the same incident that led to the injuries.
Israeli air defence systems tend to be very reliable, but on Sunday, there were no reports of alerts in the Binyamina area at the time of the attack, raising questions of how the drone was able to penetrate so deep into the Israeli territory without being spotted.
Hezbollah said it had fired dozens of rockets toward the northern Israeli towns of Nahariya and Acre to engage Israel’s air defense systems, while simultaneously launching the drone swarm.
“These drones broke through the Israel defense radars without detection and reached its target at the training camp of the elite Golani Brigade in Binyamina,” Hezbollah said.
The IDF’s top spokesperson Rear Adm. Daniel Hagari said the military would investigate how the drone got through without raising an alarm at the base.
“We will learn from and investigate the incident,” he said in a video statement from the base. “The threat of UAVs is a threat we are dealing with since the beginning of the war. We need an improvement to our defense,” he added.
Source: CNN
The Court of Appeal has upheld the judgment of the Federal High Court, affirming Martins Amaehwule as the rightful Speaker of the Rivers State House of Assembly.
Recall that the Governor of Rivers State, Siminalayi Fubara, had challenged the judgement of Justice James Omotosho of the Federal High Court Abuja, which affirmed Amaehwule’s leadership.
This ruling is a victory for the camp of former Rivers State Governor Nyesom Wike, who has been at odds with Governor Fubara.
Governor Fubara has also been ordered to re-present the 2024 budget to the Amaehwule-led House of Assembly.
