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NNPCL Privatises Pipelines Rehabilitation … Builds PH Refinery Storage

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The Nigerian National Petroleum Company Limited (NNPCL) says it has constructed a 150 million litres storage facility for the Port Harcourt Refining Company ahead of full operations of the plants.
It said the storage facility was constructed in Atlas Cove, adding that the company had signed Build, Operate and Transfer agreements for the rehabilitation of pipelines and storage facilities nationwide.
The Atlas Cove Jetty is a major installation of NNPCL for receipt and distribution of petroleum products to the western part of Nigeria and is located within the precincts of Tarkwa Bay in Lagos State.
The national oil company further revealed in a documentary made available to The Tide’s source that its retail arm distributed about 14 billion litres of white products in 2023.
White products include Premium Motor Spirit, popularly called petrol; Automotive Gas Oil or diesel; and Dual Purpose Kerosene, otherwise referred to as Kerosene.
It further stated that an aviation arm had been created that would supply fuel to three international carriers, adding that more airlines would be served in due course.
Outlining its strides in the downstream sector in 2023, the company stated that “the directorate overseeing trading, shipping, refining and retail witnessed extraordinary achievements”.
It added that from concluding crude oil swap arrangements to achieving mechanical completion of the Port Harcourt refinery, NNPC Ltd’s downstream sector marked 2023 with triumphs.
The firm said, “A major breakthrough unfolded with the mechanical completion of the Port Harcourt refinery. As operations gradually pick up, efforts are on the way to ensure that the new Port Port Harcourt refinery, Kaduna and Warri refineries follow suit”.
It stated that key infrastructures were being put in place ahead of full operations of the Port Harcourt refinery.
“Ahead of full operations, NNPC Ltd has put in place 150 million litres fully automated storage capacity at Atlas Cove. NNPC Ltd also inked Build, Operate and Transfer agreements for the rehabilitation of pipelines and storage facilities across Nigeria”, the company stated.
In the documentary, the Managing Director, Port Harcourt refinery, Ibrahim Onoja, said, “The rehabilitation is so structured. It is based on a very firm foundation that we knew from the beginning that it will deliver. We started this process by setting up a governance process to ensure that the rehabilitation is a success”.
On December 21, 2023, the Federal Government announced the mechanical completion of rehabilitation work on the Area-5 Plant of the Port Harcourt Refining Company in Rivers State.
It stated at the time that the first phase of the plant had been completed, as the facility would start refining 60,000 barrels of crude oil daily after the 2023 Christmas break.
The Port Harcourt Refinery, situated in Nigeria’s oil-rich Niger Delta region, has been in operation since 1965. The Alesa Eleme refinery complex is situated in Rivers State, Nigeria, approximately 25km east of Port Harcourt.
The Federal Government approved a $1.5bn budget for the renovation and modernisation of the refinery complex in March 2021.
The NNPCL, early this month, stated that it had commenced the supply of crude oil to the Port Harcourt refinery to test-run it, as it also stated that it was seeking to engage reputable and credible operations and maintenance companies to operate and maintain the plant.
Meanwhile, in its documentary on Wednesday, the NNPCL stated that its downstream retail arm distributed 14 billion litres of fuel last year, adding that the company was making inroads into the supply of aviation fuel.
“Powering its way through, NNPC Ltd’s Retail arm, with the largest network in Nigeria, distributed over 14 billion litres of white products in 2023. Its 900 retail outlets played a pivotal role in achieving this feat”, the oil company stated.

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Association Woos Govt, Coys On  Boat Operators  Employments

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June 12, 2026

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The leadership of Bonny Maritime Boat Association has called on Rivers state Government and oil companies operating in the state to provide sustainable employment to unemployed boat Operators.
The Association also want the government, companies and other relevant employers of labour to provide trainings for boat Operators to enhance their skills
Safety Officer of the Association, Comrade Kingdom Kingsley made this known in  a  telephone interview with  The Tide.
He noted that most of the boat Operators and owners plying Bonny route lacks jobs due to the fleets of boats introduced by Bonny Road Transport that had taken over the passengers to the Island
He noted that passengers are no longer patronizing boats owned by the Association, thereby rendering the operators redundant
“Most of our operators can not afford to feed their families due to no jobs, we don’t want to indulge in crime, government should fix our members with  sustainable jobs to take care of their immediate needs”
He called on oil companies operating in the state to engage their skilled boat Operators in their companies to reduce the sufferings faced by the Association.
The Safety Officer called on the state government  to made funds available to unemployed youths in the state to start up business than roam the streets.
He noted that provision of funds to youths would reduce crime rates and reposition their mindsets for a better life
“The  youths of Rivers state are suffering, have no job to feed their families, thereby indulging in criminality daily”
“The youths need empowerment,  jobs,  recreational facilities and better things of life as citizens of this Nation”, Kingsley said.
CHINEDU WOSU
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FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters

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June 12, 2026

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The Federal Government has approved a whooping $1bn credit facility to support Nigerian exporters and small scale businesses to take advantage of the African Continental Free Trade Area (AfCFTA) in order to boost production, competitiveness and intra-African trade.
The $1bn AfCFTA Adjustment Fund Credit Facility is also expected to address some of the financing gap being faced by Nigerian exporters and enhance the competitiveness of African businesses within the continental market.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this  during the second quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
According to a statement issued by the ministry’s Head of Press and Public Relations, Obilor-Duru Okechi, Oduwole said the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes and increase exports to African markets.
The statement partly read, “?The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a US$1 billion AfCFTA Adjustment Fund Credit Facility aimed at boosting production, competitiveness, and intra-African trade.”
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles that limited their ability to take advantage of the single African market.
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“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
She explained that the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
In her welcome address and first-quarter update, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, provided details of the financing initiative.
Okala said the $1bn AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10m.
She revealed that the National AfCFTA Coordination Office was working closely with fund managers to facilitate access for eligible Nigerian companies and had begun assembling a pilot group of businesses to ensure that Nigeria maximised the opportunities provided by the facility.
Nkpemenyie Mcdominic, Lagos
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NIWA Harps On  Avoidance Of Leaking Boats

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June 12, 2026

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The National Inland Waterways Authority (NIWA) has advised Nigerians against boarding boats that require constant bailing of water in the interest of their safety.
 NIWA Area Manager for Cross River and Ebonyi, Mr Stanley Onuoha gave this warning in an interview with Newsmen in Calabar.
Onuoha who spoke on waterway
safety, said that passengers should take responsibility for their safety by inspecting boats before embarking on any journey.
According to him, repeated scooping of water from a boat is a clear indication that the vessel may be leaking.
“If you are entering a boat and see people using a bailer to remove water, it is the first signal that the boat is leaking,” he said.
He urged passengers to check the integrity of boats, including seating arrangements and other visible safety features.
The Manager restated the importance of using safety jackets, saying that damaged jackets may fail during emergencies.
He further said that passengers should ensure that safety jackets were appropriate for their body sizes in order to guarantee effective flotation.
 Onuoha reiterated the need for passengers to fill manifests before departure to aid accountability during emergencies.
The NIWA official further advised travellers to monitor weather conditions and avoid boarding boats when the weather is unfavourable.
According to him, poor weather conditions can trigger strong tidal waves capable of affecting small boats commonly used on inland waterways.
He said that waterway journeys should be embarked upon between 6.00a.m and 6.00p.m for clearer visibility.
Onuoha said  the Authority had continued to sensitise riverine communities to the need for safety precautions during waterway journeys.
He stated that sustained awareness campaigns and enforcement measures had contributed to safety waterway safety in Cross River.
CHINEDU WOSU
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