Business
Italian Firm, NNPC Move To Rehabilitate PH Refinery
The Italian oil giant, ENI International, will soon commence the rehabilitation and refurbishment of Port Harcourt Refining Company Limited (PHRC), Alesa-Eleme following the signing of a Memorandum of Understanding (MoU) by the Nigerian National Petroleum Corporation (NNPC) with the oil company in Rome last Monday.
In a statement posted on its website and obtained by The Tide, the Italian oil company ENI said that the company through its subsidiaries, Nigerian Agip Oil Company (NAOC) and Nigerian Agip Exploration (NAE) were to promote new activities in Nigeria’s energy sector.
The statement added that the parties agreed to co-operate for the rehabilitation and enhancement of Port Harcourt Refinery, stressing that in the upstream sector, both parties agreed to intensify oil and gas production operations with an increased focus on exploration and development activities in the onshore, offshore and ultra deep water areas.
The MoU also stressed the basis for the assessment of the national electricity grid reliability and of most efficient renewable energy projects to secure energy accessibility in Nigeria’s most remote area.
The MoU further emphasized cooperation concerning power generation, access to energy to enhance the power generation capacity in Okpai IPP through the fast-track development of its Phase II to make it one of the largest combined cycle power plants in Africa.
The Minister of State for Petroleum Resources and Chairman of the Board of the NNPC, Dr Emmanuel Ibe Kachikwu signed on behalf of NNPC, while the Chief Executive Officer (CEO) ENI, Claudio Descalzi, signed on behalf of the oil giant company.
Philip Okparaji
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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