Business
NNPC To Partner Investors On Lekki Refinery Dev
The Group Management Director of the Nigeria National Petroleum Corporation, Mohammed Barkindo, said the corporation will partner investors to develop the Lekki Greenfield Refinery near Lagos with the aim of starting production in 2017. Barkindo reassured ONGC Mittal Energy (OMEL), Oando and other oil firm that NNPC fully supports building the country’s first crude refinery in more than 20 years. Nigeria’s four state owned refineries have failed to keep pace with surging domestic demand for electricity and fuel, forcing Africa’s biggest energy producer to import 85 per cent of its fuel needs. “OMEL and some other investors needed some commitment from the state to be able to continue with the investment”, Levi Ajuonuma, NNPC spokesman said in a statement. OMEL, a joint venture between India’s state run Oil and Natural Gas Corporation and Mittal Group, have already completed feasibility studies and formed a steering committee for the new refinery. African Petroleum and Oando are also investors in the project. Other possible partners include Total, Eni and China’s Tianjin Energy Resources, NNPC said. Nigeria’s refineries have a nameplate capacity of 445,000 barrels per day but have never operated at that level. Even if they were able to operate at full capacity, they would produce only a fraction of the needs of the country’s 140 million people.
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.”
Business
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