Connect with us
Advertisment

news

Buhari unveils new NNPC Ltd, assures Nigerians of energy security

Published

on

PRESIDENT TINUBU APPOINTS NNPC BOARD AND MANAGEMENT TEAM

Buhari unveils new NNPC Ltd, assures Nigerians of energy security

Buhari unveils new NNPC Ltd, assures Nigerians of energy security

Advertisment

President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed.

Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.

Advertisment

 

 

 

Advertisement

At the event, which featured a Special rendition of the Theme Song ”Energy for today, Energy for tomorrow, Energy for Everyone’‘ by an Ensemble, the president recounted how God had used him to consistently play an important role in shaping the destiny of the country’s NOC in the last 45 years.

He expressed optimism that the NNPC Limited would sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and free from institutional regulations such as the Treasury Single Account (TSA).

 

 

 

 

 

‘‘This is a landmark event for the Nigerian oil industry.

‘‘Our country places high premium in creating the right atmosphere that supports investment and growth to boost our economy and continue to play an important role in sustaining global energy requirements.

 

 

 

 

‘‘We are transforming our petroleum industry, to strengthen its capacity and market relevance for the present and future global energy priorities.

‘‘By chance of history, I was privileged to lead the creation of the Nigerian National Petroleum Corporation on July 1, 1977. Forty-Four (44) years later, I was again privileged to sign the Petroleum Industry Act (PIA) in 2021, heralding the long-awaited reform of our petroleum sector,” he said.

 

 

 

 

 

According to him, the provisions of PIA 2021, have given the Nigerian petroleum industry a new impetus, with improved fiscal framework, transparent governance, enhanced regulation and the creation of a commercially-driven and independent National Oil Company.

He said this would enable the company to operate without relying on government funding and free from institutional regulations such as the Treasury Single Account, Public Procurement and Fiscal Responsibility Acts.

 

 

 

 

 

‘‘It will, of course, conduct itself under the best international business practice in transparency, governance and commercial viability.

‘‘Coincidentally, I, on the 1st of July 2022 authorized transfer of assets from the Nigerian National Petroleum Corporation to its successor company, the Nigerian National Petroleum Company Limited, and steered the implementation leading to the unveiling of Africa’s largest National Oil Company today.

 

 

 

 

 

‘‘I therefore thank Almighty God for choosing me to consistently play an important role in shaping the destiny of our National Oil Company from the good to the great,’’ he added.

The president, therefore, assured stakeholders in the industry that Africa’s largest NOC would adhere to its fundamental corporate values of Integrity, Excellence and Sustainability, while operating as a commercial, independent and viable NOC at par with its peers around the world.

 

 

 

 

 

He further stated that the company would focus on becoming a dynamic global energy company of choice to deliver energy for today, for tomorrow, for the day days after tomorrow.

He thanked the leadership and members of the National Assembly for demonstrating uncommon courage and patriotism in the passage of PIA that culminated in the creation of NNPCL.

 

 

 

 

 

 

Minister of State for Petroleum Resources, Timipre Sylva, said with the signing of the PIA, which assured international and local oil companies of adequate protection for their investments, ”the nation’s petroleum industry is no longer rudderless”.

He said: ‘‘From the onset of this administration, Mr. President never concealed his desire to create a more conducive environment for growth of the oil and gas sector, and addressing legitimate grievances of communities most impacted by extractive industries.

 

 

 

 

 

‘‘While the country was waiting for the PIA, Nigeria’s oil and gas industry lost about $50 billion worth of investments.

”In fact, between 2015 and 2019, KPMG states that “only 4 percent of the $70 billion investment inflows into Africa’s oil and gas industry came to Nigeria even though the country is the continent’s biggest producer and the largest reserves.

 

 

 

 

‘‘We are setting all these woes behind us, and a clear path for the survival and growth of our petroleum industry is now before us.”

Sylva described the unveiling of NNPC Limited as a new dawn in the quest for the growth and development of the Nigerian Oil and Gas Industry, opening new vintages for partnerships.

 

 

 

 

 

He thanked the president for his ”unparalleled leadership, steadfastness, and unalloyed support towards ensuring that the country’s oil and gas industry is on a sound footing”.

The Group Chief Executive Officer of NNPC Limited, Mele Kyari, announced that the company had adopted a strategic initiative to achieve the mandate of energy security for the country by rolling out a comprehensive expansion plan to grow its fuel retail presence from 547 to over 1500 outlets within the next six months.

 

 

 

 

 

 

He assured stakeholders and the global energy community that the new company was endowed with the ‘‘best human resources one can find anywhere in the industry.

‘‘NNPC Limited is positioned to lead Africa’s gradual transition to new energy by deepening natural gas production to create low carbon activities and positively change the story of energy poverty at home and around the world.”

Advertisment

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

news

Why are you running away, Is EFCC a dragon or phyton? – Prophet Ikuru mocks Yahaya Bello

Published

on

 

Advertisment

 

The prophetic hall of fame, prophet Godwin Ikuru of Jehovah Eye Salvation Ministry, Lagos has mocked the former governor of Kogi state,Yaya Bello,who has been placed on the wanted list of EFCC to stop running away and submit himself for clarifications since EFCC is not a dragon or python that swallows people.

Advertisment

The handsome prophet believes that Bello is currently on the run because he knows that he’s guilty of the charges against him.He said at his residence in Ikeja yesterday ” I don’t know why Yaya Bello is running away from EFCC if his hands are clean,for God sake,EFCC is not a dragon or python that swallows people,he should be courageous to submit himself to them,if his hands are clean,why run?”

The prophet Thanked the president Bola Ahmed Tinubu for empowering the body with the necessary powers to go after those who has swindled and looted the common wealth of the people.

Finally,he commended the chairman of EFCC for the bold steps the organisation is taking in order to help recover the looted resources of the Nigerian nation.He encouraged the chairman to continue with his good works,he urged him not to be afraid because he’s praying for him and nothing evil will happen to him.

Advertisement

Advertisment
Continue Reading

news

SHALINA CELEBRATES 40 YEARS OF TRUST, REITERATES COMMITMENT TO QUALITY HEALTHCARE DELIVERY IN AFRICA

Published

on

 

Advertisment

 

In celebration of its 40 years in Africa, a leading Afro-focused multinational company, Shalina Healthcare has reiterated its commitment to the delivery of quality healthcare in Africa. Declaring this in Lagos on Friday at the event to wrap up the company’s 2023/24 financial year and celebrate its 40 years of its existence, the Chief Commercial Officer, West Africa of the company, Arun Raj said the company “is determined to continually fulfill its corporate mission of making quality products available to every African at affordable prices.

Advertisment

According to him;  ” It has been 40 years of trust in Africa and these 40 years,  the people of the continent have also reciprocated the trust in our quality products and healthcare delivery.”

Also, in his corporate presentation as well as new financial year projection, the Head, Corporate Marketing of the Company, Folorunso Alaran said; “the Company is building on the trust Africans have in its products and services over the year and is committed to healthy Africa.  It has been forty years of available, affordable and quality products for Africans.”

Advertisement

In the words of Mr. Nirmal Jain CEO Shalina consumer Global,

“At Shalina, we believe that every African must have access to good products.  And for the last forty years, we have been trusted for our quality products. And more so, through our many initiatives and healthcare interventions, Shalina has continually raised the bar in healthcare delivery.”

Speaking further, Mr. Debajeet Mukherjee CEO Shalina Pharma Global, posited that; “despite the prevailing economic challenges, we do not waver in delivering our corporate purposes of available, affordable and quality health products. It is our belief that economic challenges should not hinder people’s access to quality healthcare.  Either the economy is good or bad, it shouldn’t affect the lives of the people in an adverse way. Despite the fact that some companies are leaving Nigeria, we are expanding our team in the country.  This is because we have trust and believe in Nigeria.”

In her own presentation at the event, the Company’s Managing Director, Nigeria ,  Opeyemi Akinyele said the company “is focused to become number one brand in Nigeria and continually promote the best of healthcare delivery in the country. ”

“Through our products, activities and interventions we have been doing greatly to ensure that quality healthcare is available and affordable for every citizen. And this is a promise that will remain unbroken ” She said.

Appreciating the members of staff of the company for their commitment and supporting roles in the company, Akinleye said “without you, your roles and efforts, we won’t be here and the successes recorded in the out gone year won’t be possible.  We also rely on your continuous support and commitment in the new year. ”

Meanwhile as part of the company’s end of year activities, many staff members were given awards of excellence in different categories for 2023/24 financial year.  Amongst them were  Lasisi Abiodun, Best Pharma Delegate,  Lawal Abubskar,  Best Medical Delegate,  Ruth Adesua Adewoye,  Best Regional Manager Pharma,  Ganiyu Lateef,  Best CVD Delegate, Mercy Omoji, Best Regional Manager, Consumer, Uzuma Pascal,  Best Zonal Manager, (Global) and  Juliet Ngozi Edward,  Best Consumer Delegate Global .  Winners in other categories included Sandeep Sahu, Folorunso Alaran, Emeka Adimoha, Chiuba Nwaosu among others.

Shalina Healthcare which began its business in Africa in DR Congo in 1984 made entry to Nigeria 25years ago.  It currently has about 2500 staffs globally out of whom 2000 are in Africa.

 

Advertisment
Continue Reading

news

THE PROPHETIC HALL OF FAME: How I ended “sit at home” in the East, Prophet Godwin Ikuru speaks

Published

on

 

Advertisment

By Collins Nkwocha

One of the major problems of the Eastern region was the “sit at home” menace which crippled business activities in the entire Eastern region; several lives have been lost in the process of enforcing this as the enforcers have always been very cruel and wicked, killing anyone who refuses to obey the order.

Advertisment

Disturbed by the cruelty of the enforcers and how many lives that have been lost through this act, the prophetic Hall of Fame, prophet Godwin Ikuru of Jehovah Eye Salvation Ministry, Lagos,made a public declaration that “sit at home” was going to be over in the East.

People didn’t believe it when he said it, everyone believed that only the release of Nnamdi Kanu was going to end “sit at home” in the East.prophet Ikuru said that it would stop even while Kanu is still in detention.

Today,”sit at home” has ended in the East, people now go about their normal businesses on Monday.Today, the dreaded “sit at home” enforcers are nowhere to be found, you can do anything or carry out any business activity of your choice on monday because God has honoured the word of his prophet.

Advertisement

Prophet Godwin Ikuru is one of the best prophets in Nigeria,he remains a major part of the ruling party in Nigeria.He is the major prophet that brought the president to power .

Advertisment
Continue Reading

Cover Of The Week

Trending