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Kaduna, 2nd Port-Harcourt refineries undergoing comprehensive overhaul – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd.), has said the 150,000 barrels per day (bpd) Port Harcourt Refinery and Kaduna Refinery are undergoing a comprehensive overhaul, designed to meet world-class standards.
The company said the rehabilitation done at the 60,000 bpd Port Harcourt Refinery and Warri Refinery was not the typical Turnaround Maintenance (TAM) of the past, but a comprehensive overhaul, designed to meet global standards.
The Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye made the clarification in a statement on Thursday while responding to former President Olusegun Obasanjo’s comments on the rehabilitation of the Port Harcourt and Warri refineries.
The former president had earlier expressed doubts about the operational status of the rehabilitated 60,000 bpd Port Harcourt refinery and Warri refinery.
Obasanjo had said that the Shell Petroleum Development Company (SPDC) advised against the Port Harcourt Refinery’s viability due to corruption, and alleged that the NNPC Ltd. misled Nigerians by claiming that its refineries are operational.
Reacting, Soneye said that a notable achievement of the NNPC Ltd. was the overhauling of the Port Harcourt and Warri refineries, while similar efforts were underway at the second Port Harcourt and Kaduna refineries.
He said the NNPC Ltd was committed to enhance and maintain the refineries to global standards for sustainable operations.
Soneye, however, invited the former President to visit the rehabilitated refineries and witness firsthand the progress made under the leadership of NNPC Limited.
“We extend an invitation to our esteemed former president to join us in this historic journey.
“His wisdom and experience are invaluable, and we deeply appreciate his insights and guidance, which will always be welcomed and cherished.
“We hold President Olusegun Obasanjo in the highest regard as a respected statesman who has made significant contributions to the growth and progress of Nigeria.
“His dedication to national development and his right to speak on matters of national importance are both deeply respected,” he said.
Highlighting NNPC’s transformation, Soneye said that it had evolved into NNPC Limited, a private entity that transitioned from being a loss-making organisation to a profit-oriented global energy leader.
Under this new model, he said the NNPC Limited had expanded beyond oil and gas to become an integrated energy company.
“Our focus is not only on harnessing traditional resources but also on developing cleaner, cheaper, and sustainable energy solutions to meet Nigeria’s growing demands.
“This progress has been driven by the visionary leadership of the NNPC Limited board and the management team led by GCEO Mele Kyari, alongside President Bola Tinubu’s transformative policies in the energy sector,” he said. (NAN)
Uba Sani, governor of Kaduna, has introduced policies at the state scholarship and loans board to enable students from less-privileged backgrounds to obtain sponsorships with ease.
Yahya Saleh Ibrahim, executive secretary of the board, announced the policies on Sunday while speaking to journalists.
He said the governor has ordered the removal of tax clearance as a requirement for accessing scholarship.
Ibrahim also said although the writing of essays is still a requirement to access scholarship, it is however done “to determine areas of students’ weakness that require support”.
He said Sani has also created seven scholarship awards zonal units to make it easier for students in rural areas to be screened, easing the burden of coming to the board’s headquarters in Kaduna.
The units are Zaria, Kafanchan, Kachia, Pambegua, Makarfi, Kaduna-north and Kaduna south zones.
He said the governor has provided 30 computers to the various units to simplify the application process.
He also said the board now conducts on-the-spot scholarships for indigenous citizens across tertiary institutions, adding that this effort has “enlisted over 4330 potential beneficiaries awaiting disbursement”.
“A total of 3,397 students have been awarded local scholarships from May 2023 to date. Thirty students have benefitted from the third-party tertiary education loans,” he said.
“The board has also secured 50 scholarships for secondary school students, in collaboration with the ministry of education, for indigent students from the Indomie Noodles DOFIL Company Kaduna.
“The inclusion of government special scholarship intervention programs for innovation, aviation, meritorious, underprivileged, and People with Special needs (PLWD) students, in the state is in the heart of His Excellency’s agenda.”
The National Bureau of Statistics (NBS) says Nigeria recorded N3.42 trillion trade surplus in the fourth quarter (Q4) of 2024.
The NBS, in its foreign trade report for Q4 2024, said Nigeria’s exports totalled N20.01 trillion while imports stood at N16.59 trillion.
A trade surplus is an economic indicator of a positive trade balance in which the exports of a nation outweigh its imports.
The bureau said total trade was N36.6 trillion in Q4, representing an increase of 2.20 percent compared to the N35.8 trillion recorded in the third quarter (Q1) of the year.
“Nigeria’s total merchandise trade stood at N36,604.83 billion in Q4, 2024. This represents an increase of 68.32% compared to the value (N21,747.40) recorded in the corresponding period of 2023 and a rise of 2.20% over the value recorded in the preceding quarter (N35,818.35),” NBS said.
“In the quarter under review, exports accounted for 54.68% of total trade with a value of N20,014.33 billion, showing an increase of 57.67% rise over the value recorded in the fourth quarter of 2023 (N12,693.62) and a decrease of 2.55% compared to the value recorded in Q3 2024 (N20,537.17).”
NBS further said crude oil continued to dominate exports trade in the quarter reviewed.
The statistics firm said crude oil exports stood at N13.78 trillion, representing 68.87 percent of total exports, while the value of non-crude oil exports stood at N6.23 trillion, accounting for 31.13 percent of total exports.
NBS added that non-oil products contributed N2.84 trillion or 4.20 percent of total exports.
The NBS said the Netherlands was Nigeria’s top export destination in Q4, followed by Spain, France, India, and Indonesia.
“The main export destination was The Netherlands with a value of N 2,089.96 billion or 10.44% of total exports, followed by exports to France with N1,909.76 billion or 9.54% of total exports, Spain with N1,737.68 billion or 8.68% of total export,” NBS said.
“India with N1,596.66 billion or 7.98% of total exports, and exports to Indonesia with goods valued at N1,406.77 billion representing 7.03% of total exports.
“These five countries collectively accounted for 43.67% of the value of total exports in Q4, 2024.”
In terms of imports, the bureau said China remained Nigeria’s major trading partner, with 27.80 percent (N4 61 trillion) worth of imported goods.
Others on the top five import routes were India (N1.89 trillion or 11.43 percent), Belgium (N1.38 trillion or 8.35 percent), the United States (N1.05 billion or 6.33 percent), and France ( N501 billion or 3.62 percent).
President Bola Tinubu has appointed Attahiru Jega, former chairman of the Independent National Electoral Commission (INEC), as adviser and coordinator of the presidential livestock reforms initiative.
Bayo Onanuga, presidential adviser on information and strategy, announced the appointment in a statement issued on Friday evening.