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Mallam Kyari states why it failed to fix refineries, to build 200,000 capacity refinery

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Mallam Mele Kyari NNPC

Mallam Kyari states why it failed to fix refineries, to build 200,000 capacity refinery

Mallam Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has explained why the country has not been able to successfully fix the refineries after about 20 years of trying fix and upgrade the refinery capacity.

The NNPC boss said that the failure to fix the refineries over these years was a strategy problem, as they never knew what they wanted to do with it. He said that the corporation didn’t get the right advisory services and the right strategy to go through with it.

Mele Kyari disclosed this on Friday, during a virtual conference organized by Atlantic council. He said that it was difficult to explain why an oil-producing country like Nigeria would become a net importer of petroleum products.

According to Kyari, “This reason is very simple, we couldn’t fix our refineries and that’s very difficult to explain. Why can’t we fix our refineries? We started this very many years ago. For 20 years, all attempts to fix the refineries failed for very simple reason, there is a strategy problem.

“First, we never knew what we wanted to do with it; we didn’t get the right advisory, the right strategy to go through this. And we started a process 4 years ago to getting oil traders to come and help us fix this, that never worked. We also have the strategy to make sure that we get in the original refinery builders to help us do it. That is not their job. It’s just like you are buying a car and saying that Toyota must come and repair it for you, that doesn’t work anywhere.’’

Going further, Kyari said that the country has changed its strategy to make sure that they have a new framework. The framework is to help the corporation and also the investors to put their money into it and ultimately change that equation.

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He said the way to go is to first fix the refineries as they have set a target for that and have a clear strategy for achieving it.

NNPC, partners to invest 53% of COVID-19 N21 billion intervention, NNPC gives reasons why it failed to fix the refineries, to build new 200,000 capacity refinery

The NNPC boss also said that NNPC is working on building a condensate refinery in order to achieve self-sufficiency in refined petroleum products. He said that the condensate refinery which should have a total refining capacity of 200,000 barrels per day would complement production at Dangote Refinery when it takes off and the four NNPC refineries when they have been fixed and revived.

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Naija News

#EndSARS: Governor Oyetola suspends curfew in Osun

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#EndSARS

The governor of Osun State, Gboyega Oyetola, has suspended the 24-hour curfew he imposed on the state to tackle the rising violence and damages caused by hoodlums under the #EndSARS protests.

Mr Oyetola in a statement by the secretary of the state government, Wole Oyebamiji, noted the high level of compliance with the 24-hour curfew he had declared to forestall breakdown of law and order.

He said after a review and setting up of a panel of inquiry, the governor decided to lift the curfew.

On the MoU, “The state government has further approved henceforth 100% payment of monthly pensions for retirees earning N30,000 and below while other retirees not in the said category shall be paid 75% of their monthly pensions.

“After reviewing the situation of the last 48 hours and following the inauguration of the State’s Judicial Panel of Inquiry on Police Brutality, the Governor, Mr. Adegboyega Oyetola, hereby suspends the 24-hour curfew, effective from today, Friday, October 23, 2020 till further notice.

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Crime Watch

ATTACK ON AKBC and FACILITIES IN UYO ( Watch Video)

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The Nigeria Union of Journalists, Akwa Ibom State Council, condemns in the strongest terms the destruction on the Akwa Ibom Broadcasting Corporation, Administrative Building located along Udo Udoma Avenue, Uyo and other facilities within the metropolis by hoodlums masquerading as #ENDSARS protesters.

These attacks are uncalled for and meaningless. Certainly, this is not the way to go. It is a classic case of blaming the doctor for the disease of the victim.

We urge security agencies to be on top of the situation to prevent further wanton destruction of lives and property and also ensure that perpetrators of these dastardly acts are brought to book in accordance with the laws of our State.

The Union further commends His Excellency, Governor Udom Emmanuel for the swift response to the ugly development by imposing a curfew in the State to control the situation.

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Naija News

#EndSARS: Super Eagles may boycott AFCON qualifiers

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Super Eagles

There are strong indications that some Super Eagles stars may boycott next month’s 2021 Africa Cup of Nation double-header against Sierra Leone over safety concerns.

#EndSARS protests against police brutality and extrajudicial killings have rocked the country in the last two weeks, with the military and police killing peaceful protesters.

On Tuesday, eyewitnesses claim about seven lives were lost, with several others injured when soldiers opened fire on protesters in a bid to disperse them from the Lekki toll gate in Lagos — a focal demonstration ground for the #EndSARS campaign.

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Our correspondent gathered that the overseas-based players were afraid of returning to Nigeria for Eagles games, for fear of being killed or maimed.

Super Eagles midfielder John Ogu wrote on Twitter, “The Politicians should ask their children to represent Nigeria in the next @NGSuperEagles @thenff upcoming games. I’m so devastated like right now.”

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“We can’t be representing a country that kills our brothers and sisters. This killings and unrest must stop or we stay away,” another player based in Belgium said.

Leicester City and Super Eagles’ forward, Kelechi Iheanacho posted a cryptic message on Twitter with a broken heart emoji to express his dismay at the recent killings.

“God is watching. It will end in praise. We will keep speaking up,” he wrote.

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COVID-19 PREVENTION

infectious diseases in your community. It is very important to wash your hand frequently with soap under running water.

COVID-19 IS REAL

#COVID19NIGERIA Situation Report

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

The #COVID19Nigeria situation report for 21st July, 2020 has been published. Our daily reports provide a summary of the epidemiological situation & response activities in Nigeria

@Africa CDC

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

The African Union and Africa CDC will virtually rollout the Partnership to Accelerate COVID-19 Testing (PACT) in Africa tomorrow 4 June, 2020 at 11.00 am Eastern Africa Time.

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"Also found worthy of honour was Bashir Abubakar, an Asst Comptroller-General of Customs, who rejected a bribe of $412,000 per container offered him by drug traffickers seeking to bring 40 containers of Tramadol into Nigeria. A fine example of incorruptibility, worthy of emulation"

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