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Agriculture & Nigerian Economy

Nigeria’s Strategic Objective to Capture 10% Of Africa’s Import by 2035 – Achimugu

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Nigeria’s Strategic Objective is to Capture 10% Of Africa’s Import by 2035 – Achimugu

The Nigerian National Action Committee on the African Continental Free Trade Area, AfCFTA, has revealed that its strategic objective is to capture 10 per cent of Africa’s imports by 2035, thereby doubling Nigeria’s export in the process.

This was disclosed by the coordinator oil and gas work stream, secretariat of the National Action Committee on the AfCFTA, Franca Achimugu, at the implementation plan adoption meeting with the oil and gas work stream which was held at the Nigeria National Petroleum Corporation headquarters, in Abuja, on Thursday.

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While introducing the agreement and what the oil and gas sector stands to benefit from its full implementation, she said, “AfCFTA means Nigeria is no longer Africa’s largest economy, we need to sit up and get our house in order.”
She added that Nigeria is aligning itself for agreements, which comes with the elimination of tariffs.

She also mentioned that Nigeria’s mission is to become the preferred provider of value-added services to Africa.

Recall that it was reported earlier this month that the AfCFTA secretariat and the African Export-Import Bank signed an agreement on the management of the base fund of the AfCFTA adjustment fund.

Read Also: FG Requests for Proposals for The Establishment of a National Carrier

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Agriculture & Nigerian Economy

Fire Service Warns Against Domestic Storage of Petrol Amid Scarcity

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Fire Service Warns Against Domestic Storage of Petrol Amid Scarcity

The AG. Controller general, federal fire service (ffs), Karebo Pere samson has cautioned Nigerians against storage of premium motor spirits (PMS) popularly known as petrol in their homes during this period of scarcity.

 

Karebo said petrol is a highly inflammable liquid which if not handled carefully can cause serious fire explosion.

 

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This was disclosed in a statement released by Abraham Paul the public relations officer of the services

 

Karebo explained that invariably there is always a risk of a fire outbreak or an explosion if there is a source of ignition nearby such as a naked flame or an electrical spark.

 

The ag controller general stressed that Nigerians should avoid any act which could lead to fire outbreak in their environment.

Read Also:

NNPC Assures Nigerians of Sufficient Petrol, Says No Need for Panic Buying

Why Petrol Smuggling Continues –Kyari

Jigawa Police to Enforce Ban on Sale of Petrol in Jerry Cans

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Agriculture & Nigerian Economy

NNPC Ltd Commences Distribution Of 1Billion Litres Of Petrol Across Nigeria to Ease Fuel Crisis

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NNPC Ltd Commences Distribution Of 1Billion Litres Of Petrol Across Nigeria to Ease Fuel Crisis

The Nigerian national petroleum corporation limited has said that it has commenced the distribution of one billion litres of safe premium motor spirit to fuel stations across the country.

 

This was made known by group executive director, downstream, NNPC, Adetunji Adeyemi on Tuesday in Abuja during a press briefing.

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He said in order to ensure smooth distribution of the PMS nationwide, NNPC constituted a monitoring team with the support of the Nigeria midstream and downstream petroleum authority and other security agencies.

 

Adeyemi stated that the NNPC commenced operations on Tuesday at its depots and retail outlets to aid with the distributions across the country and an additional 2.3 billion litres of PMS is expected to arrive in Nigeria before February ends in order to address the current situation and restore sufficiency above the 30-day national target

Read Also: NNPC names culprits in Substandard Fuel importation

 

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Agriculture & Nigerian Economy

Reps to Summon Ministers, NNPC, Others in Refineries Fuel Consumption Probe

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Author: Gift Wada, Abuja

The House of Representatives Ad Hoc Committee on the State of Refineries in Nigeria is set to invite Federal Government officials and other stakeholders in the petroleum sector in its investigation of the inability of the country to refine its crude oil.

 

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The committee had begun an investigation of the current state of the country’s four refineries and the amounts spent on the ‘Turn-Around Maintenance’ of the national assets.

The committee said those who are to be invited include: the Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN); and Minister of State for Petroleum Resources, Timipre Sylva.

Others include: Officials of the Nigerian National Petroleum Company Limited, Nigerian Midstream and Downstream Petroleum Authority, Nigerian Upstream Petroleum Regulatory Commission, Warri Refining and Petrochemical Company Limited, Kaduna Refining and Petrochemical Company Limited, Port Harcourt Refining Company Limited, Dangote Refinery, and all licensed modular refineries, will also be invited.

 

 

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