Connect with us

News

‘PH Refinery Repairs’ll Boost Revenue’

Published

on

The Managing Director of the Port Harcourt Refining Company (PHRC), Ahmed Dikko, has said that the planned rehabilitation of the refinery would ensure increased revenue and energy sufficiency in the nation.
Dikko made the remark in his presentation during the visit of the National Assembly Joint Committee on Petroleum, led by its Chairman, Sen. Sabo Nakudu, to the company in Eleme, Rivers on Wednesday.
He said that the project, which is expected to commence in two months’ time, would prevent unplanned shutdown as well as increase the Gross Domestic Product (GDP) when completed.
Other benefits he said included local production of Aviation Turbine Kero and reduction in foreign exchange demand through reduced importation of petroleum products.
Dikko explained that the company comprised of the old Port Harcourt Refinery (OPHR) and the New Port Harcourt Refinery (NPHR) with a combined installed capacity of 210,000 barrels per day (bpd).
He further explained that the OPHR was built in 1965 with initial installed capacity of 35,000bpd and “debottlenecked” to 60,000 bpd in 1972.
Dikko said that the NPHR was commissioned in 1989 with installed capacity of 250,000 bpd but regretted that the refineries’ effective capacity utilisation reduced due to mechanical integrity failure of the capacity assets as a result of delayed Turn-Around Maintenance (TAM).
According to him, statutorily, TAM is to be carried out every other 24 or 26 months, adding that PHRC has undergone TAM three time; 1992, 1994 and 2000 and a major maintenance intervention in 2015.
“Efforts to carry out successive TAMs failed and was not successful due to several challenges.
“This long delay in conducting TAM has created a negative impact on the nation’s local refining capacity which includes loss of revenue, decrease in foreign exchange,” he said.
Others are a significant increase in importation of refined petroleum products to meet domestic demand and decrease in GDP.
The managing director explained that due to the challenge, the Federal government approved the NNPC’s request to rehabilitate the refineries using Original Refinery Builders (ORB).
He said that NNPC also in 2011 secured a waiver from Bureau of Public Procurement to use Japanese Gasoline Corporation, the ORB as a single bidder for the TAM but was later changed to selective tendering due to Tecnimont inspection report.
“Based on the new strategy, 30 international EPC contractors were selected for bidding, but expression of interest was extended to selected contractors, only 10 responded.”
He said out of the 10, seven were prequalified, two declined and one opted for sub-contracting category.
He, however, said that the project was expected to be completed in 2023.
Earlier in his remark, Nakudu said they were in the refinery “to see what is going on and what needs to be done, what needs to be adjusted so that we can capture all segment of the oil industry.”

Continue Reading

News

FG Ends Passport Production At Multiple Centres After 62 Years

Published

on

The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.

Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.

He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.

“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.

He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.

“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.

 “We promised two-week delivery, and we’re now pushing for one week.

“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.

He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.

Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.

He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.

Continue Reading

News

FAAC Disburses N2.225trn For August, Highest In Nigeria

Published

on

The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.

This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.

The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.

Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.

The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.

From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.

From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.

Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.

From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.

Continue Reading

News

KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus

Published

on

The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.

The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.

The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the  Polytechnic, recently.

Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.

He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.

This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly,  Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.

The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.

Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.

He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.

The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.

Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.

 

Chinedu Wosu

Continue Reading

Trending