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NPMC Boss Lauds Marketer On Effective Products Distribution 

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The Nigerian Product Marketing Company (NPMC) ,has  commended NIPCO for effective petroleum products distribution across the country.
Its Managing Director, Mr Umar Ajiya, gave the commendation during a courtesy visit to NIPCO facility in Lagos, recently.
NPMC, was unbundled from  Pipelines and Products Marketing Company (PPMC), under Dr Ibe Kachikwu when he was the Group Managing Director of NNPC.
According to Ajiya, the value distribution chain Nipco plays is a vital role as far as distribution of petroleum products is concerned.
“ l commend it’s massive trucking. The hospitality of its truck drivers, which is not common in other depots, has put Nipco on a better edge than other companies.
“lt is a pleasure to come back home,  I remember coming to Nipco during the LPG beginnings and I really commend the world-class facilities and structures in the facility.
“Nipco has massive storage and the combination of outlets of Nipco. Mobil will make the synergy high for strategic marketing in getting products to the consumers at faster pace and excellent service delivery,” he said.
Amiya said that the essence of the the tour was to get first hand information from depot owners on their challenges and how to address them.
“I can also see very huge investment that NIPCO has put in to upscale the amount of products that they can receive and distribute into the country.
“For me, that is a real game changer and we are committed to continue to support NIPCO and indeed Nigeria to bring about the positive change in terms of product availability for Nigerians,” Ajiya assured.
Mr Sanjay Teotia, the Managing Director of NIPCO, said that NPMC was a critical organisation to the nation and was strategic in getting products across the country.
Teotia acknowledged the excellent working relationship with NPMC, which was once demonstrated in the course of the visit through generous comments on NIPCO facilities, people and management.
He lauded NNPC for its pivotal role in the meteoric growth of NIPCO as showcased by the joint venture with Nigerian Gas Company through Green Gas Limited in the provision of requisite infrastructure to promote the use of natural gas in compressed form as auto fuel.
“ Am delighted with the support of NPMC in meeting the fuel needs of NIPCO marketers across the country which the company notes with deep sense of appreciation.
“ We assured NPMC delegation of the profund support and cooperation of NIPCO in meeting government’s quest for uninterrupted fuel supply across the country,” he said
The Group Managing Director of NIPCO, Mr Venkataraman Ventakapathy, said that with  hundreds of outlets that emerged from the joint venture of Nipco, 11Plc and some marketers, NIPCO Group was becoming  very important and strategic to fuel distribution in the country.
He said that over the years, Nipco had expanded from the 60 million-litre tank farm to 85 million-tank farm.
According to him, the company’s expansion plan to build the Africa largest LPG tank farm is in progress.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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