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Fuel importation to stop by 2023 — Mele Kyari
Fuel importation to stop by 2023 — Mele Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that the country would stop importing petroleum products by 2023.
Kyari disclosed this during a press briefing at the state house in Abuja, on Tuesday.
Kyari, who spoke during the weekly Ministerial Briefing, hosted by the Presidential Communication Team at the Presidential Villa, Abuja, noted that the NNPC had the right to 20 per cent of production from the Dangote refinery.
He said the Dangote refinery which would begin next year would augment the output from state-owned refineries to meet Nigerians’ demand for petroleum products.
“The NNPC owns 20 per cent equity in the Dangote refinery and not only that, and we’re very proud of this. We’re not only owning 20% equity, we have the first right of refusal to supply crude oil to that plant. But we saw this energy transition challenge coming we knew at that time will come when you will look for people who will buy your crude oil you will not find and that means that we have locked down the ability to sell crude oil for 330,000 barrels minimum by right for the next 20 years.
“Also, by right also we have access to 20% of the production from that plant. That means that whatever it does, you know we have a right to take 20 per cent of that production as part of our equity and this refinery will come on stream latest by the middle of next year.
“Projection is the first quarter, but we think that it can come up latest by the middle of next year. If it does, this refinery alone, because it has a 650,000 per barrel capacity and different technology, means that it can crack the crude in a manner that you can have more gasoline than a typical refinery.
“That means that the refinery has the ability to produce up to 50 million litres of PMS. So, the combination of that and our ability to bring back our refinery will completely eliminate any potential petroleum product into this country next year. You will not see any importation into this country next year. This is very practical. This is possible,” Kyari said.
“As a matter of fact, when we’re done with our refineries and the Dangote Refinery, very many small initiatives that we are doing; small, modular, condenser refineries that we’re building, if that happens, and we are very optimistic it will happen, you will see that this country will now be a net exporter, we hope of export of petroleum products, not just to the west African sub-region, but to the rest of the world.
“This will happen, and the flow of supply will change. By the middle of next year, it will change. So, you will have no need for the importation of petroleum products into this country by the middle of next year,” Kyari added.
Business
ASR AFRICA SET TO COMMENCE THE CONSTRUCTION ABDUL SAMAD RABIU HOSTEL BLOCK FOR THE FEDERAL UNIVERSITY OF TECHNOLOGY, MINNA, NIGER STATE
ASR AFRICA SET TO COMMENCE THE CONSTRUCTION ABDUL SAMAD RABIU HOSTEL BLOCK FOR THE FEDERAL UNIVERSITY OF TECHNOLOGY, MINNA, NIGER STATE
Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa) is set to commence the construction of a state-of-the-art hostel block for the Federal University of Technology, Minna. The project, which is being executed under the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), will provide contemporary hostel accommodation for undergraduate students within the university’s main campus. The proposed hostel facility will accommodate 108 students with other auxiliary facilities such as laundries, kitchenettes, common rooms, and the warden’s room.
Speaking at the groundbreaking event, the Vice Chancellor of the University, Prof Faruk Adamu Kuta, expressed joy for having the University as one of the beneficiaries of the ASR Africa Tertiary Education Grant Scheme. He extended the University’s appreciation to the Chairman of ASR Africa and the BUA Group, Abdul Samad Rabiu and added that upon completion, a large number of students will have access to hostel accommodation thereby reducing the number of students that are exposed to insecurity and other vices outside the university campus.
In his response, Dr. Ubon Udoh, the Managing Director of ASR Africa, affirmed the excellent reputation of the University of Minna which ranked amongst the top 10 Nigerian universities and top 2500 in the world by Webometrics. He applauded the management of the university for prioritizing the security of their students amidst the institution’s quantum of needs. In his words, “The choice of this project will facilitate the relocation of the university’s temporary accommodations back into the main campus”. Dr Udoh urged the student to ensure proper use of the building which is constructed with state-of-the-art facilities.
The hostel accommodation is designed to have an apartment styled accommodations with each room having an en-suite bath and water closet facilities. This model of each room having its independent convenience and shower has been found to engender hygiene and a sense of responsibility amongst the students which is what the university aim to achieve among its students.
About ASR Africa
ASR Africa is the brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.
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Emerging Nollywood Actress, Lawrence Valerie Ebere, is an entertainer per excellence, she is also a model, dancer, and content creator
Emerging Nollywood Actress, Lawrence Valerie Ebere, is an entertainer per excellence, she is also a model, dancer, and content creator.
Sahara Weekly Reports She graduated from the university of Benin city, studied Mathematics and economics. She had her primary Education in Chris flourish children School, Alakuko-Alagbado, Lagos state. She had her Secondary Education at Lord’s college, Casso, Alagbado Lagos, she later completed her secondary education at Adeoye international College, Off idiroko road, sango Otta, Ogun state.
Lawrence Valerie was born into the family of Mr and Mrs Lawrence Otabor, and she’s the last child of a family of 6.
Originally from Delta state, ika-south local government, Agbor, but born and brought up in Lagos state, Alakuko-Alagbado and later her family moved to Sango Otta, Ogun state.
Ebere completed her National youth Service Corp in March, 2023.
This beautiful and talented act joined the theatre industry in 2018 in Benin city while schooling when she performed on stage at different indoor and outdoor school events, She started featuring on Tv screen in the year 2020 in Lagos, She is a member of the 2nd intake of Ebony life creative Academy for the 2023 batch, where she received extensive formal training. She won the award of Best supporting female Actress from their short film “IMOLE”. She has always had passion for acting from a very young age, She finds herself re-enacting a scene she just saw from a movie in front of the mirror in her house, One of Her favorite hobby is being in front of the Camera and her Favorite line to hear is “ACTION”. She has featured in movie projects like the award winning Amvca movie “Leaked”, Netflix movie like Shanty town, Cinema movies like Battle on Buka street, Movies that appeared on African magic like Dilemma, Mr wonderful, My siblings and I, Rok movies like Love lace, Single ladies and YouTube movies like A mother’s lie, Visa on Arrival, My dad and I, just us, chilled revenge, three of us, and so many more. She has done a commercial for Zenith bank, Modelled for some big clothing brands like House of Sota, She is committed to achieving the highest standard of performance and she’s always willing to listen and learn from others, She is every producer’s and director’s delight. She is energetic, prepared to go the extra mile and is sure to make a real difference to any project she is involved in.
She looks forward to achieving greater things and being on every Big Screen.
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