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Acting President Yemi Osinbajo has inaugurated the board of the Nigerian Industrial Policy and Competitiveness Advisory Council.

The 36-member Council, to be chaired by Mr. Osinbajo himself, comprises representatives of the public and private sectors as well as a seven-member Technical Committee.

The Council, which is to device and supervise policies that will speed up Nigeria’s industrialisation bid, was inaugurated at the presidential villa in Abuja on Tuesday.

Full list of members below…

THE MEMBERSHIP OF THE NIGERIAN INDUSTRIAL POLICY AND COMPETITIVENESS ADVISORY COUNCIL INAUGURATED
LEADERSHIP

1. His Excellency, the Acting President and Chairman of the EMT, Prof. Yemi Osinbajo (Chairman)

2. Hon. Minister, Industry Trade and Investment, Dr. Okechukwu Enelamah (Vice-Chairman, Public Sector)

3. Hon. Minister of State, Industry, Trade and Investment, Mrs. Aisha Abubakar (Alternate Vice-Chairman, Public Sector)

4. President, Dangote Group, Alhaji Aliko Dangote (Vice-Chairman, Private Sector)

Chairman, ANAP Business Jets Ltd, Mr. Atedo Peterside (Alternate Vice-
Chairman, Private Sector)
OTHER PRIVATE SECTOR MEMBERS:

1. Chairman, Nigerian Breweries and PZ Cussons Chief Kola Jamodu

2. Chairman, BUA Group Alhaji Abdulsamad Rabiu

3. Chairman, IVM Innoson Group of Companies Limited Dr. Innocent Ifediaso Chukwuma

4. GMD, Chi Foods Nigeria Mr. Rahul Savara

5. Chairman, Flour Mills of Nigeria Plc Mr. John Coumantarous

6. CEO, Emzor Pharmaceuticals Mrs. Stella Okoli

7. Country Head, Olam Mr. Mukul Mathur

8. President/CEO Beloxxi Industries Limited Mr. Obi Ezeude

9. MD/CEO Fidson Healthcare Plc Dr. Fidelis Ayebea

10. Founder, Flutterwave Mr. Iyinoluwa Aboyeji

11. President & CEO, GE Business Operations Nigeria Mr. Lazarus Angbazo

12. CEO, Jumia Mrs. Juliet Anamah

13. CEO, SecureID Nigeria Ltd Mrs. Kofo Akinkugbe

14. Chairman/C.E.O, AMMASCO International Limited Alhaji Ado Mustapha

15. Chairman, KAM Industries Alhaji Kamaldeen Yusuf

16. Chairman, United Textiles Plc Alhaji Adamu Atta

17. Chairman Candel Corporation; CEO Swift Networks Mr. Charles Anudu

18. Chairman, Rumbu Sacks Nigeria Limited Alhaji Ibrahim Salisu Buhari

19. Chairman, Tofa Group Mr. Isiaku Tofa

20. MD/CEO Proforce Limited Mr. Ade Ogundeyin

21. President, Manufacturers Association of Nigeria Dr. Frank Udemba Jacobs
OTHER PUBLIC SECTOR MEMBERS:

1. Hon. Minister for Budget & National Planning, Senator Udoma Udo Udoma

2. Hon. Minister of Finance, Mrs. Kemi Adeosun

3. Hon. Minister for Agriculture and Rural Development, Chief Audu Ogbeh

4. Hon. Minister for Power, Works & Housing, Mr. Babatunde Raji Fashola

5. Hon. Minister for Transportation, Chief Rotimi Amaechi

6. Hon. Minister of State, Petroleum Resources Dr. Ibe Kachikwu

7. Hon. Minister for Mines and Steel Development, Dr. Kayode Fayemi

8. Hon. Minister for Science & Technology, Dr. Ogbonnaya Onu

9. Governor, Central Bank of Nigeria, Mr. Godwin Emefiele
TECHNICAL COMMITTEE MEMBERS:

1. Economic Adviser to the President Dr. Yemi Dipeolu

2. Trade Adviser/Chief Negotiator Amb. Chiedu Osakwe

3. MD, Bank of Industry Mr. Waheed Olagunju

4. Exec. Director/CEO, Nigerian Export Promotion Council, Mr. Olusegun
Awolowo

5. Executive Secretary, Nigeria Investment Promotion Commission Ms. Yewande
Sadiku

6. Statistician-General, National Bureau of Statistics Dr. Yemi Kale

7. CEO, Economic Associates Dr. Ayo Teriba

BIG STORY

Port Harcourt Refinery: Low-Key Operation Begins, Marketers Oppose N1,030 Per Litre

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The Port Harcourt Refining Company has clarified that its operations were not entirely halted but temporarily scaled down to allow for improvements at the facility.

The company made this clarification on Sunday after the Independent Petroleum Marketers Association of Nigeria (IPMAN) stated it would not purchase fuel from the Port Harcourt refinery if the Nigerian National Petroleum Company Limited (NNPCL) sold the product at an inflated price.

Oil retailers had alleged that NNPCL was selling petrol from the refinery at N1,030 per litre, about N60 higher than the price of fuel produced by the Dangote Petroleum Refinery. While NNPCL denied this claim, it did not provide the actual price of petrol produced at the recently rehabilitated Port Harcourt refinery.

During a guided tour of the refinery, led by the Managing Director, Ibrahim Onoja, the Executive Director of Operations at Nigerian Pipeline and Storage Company Limited, Moyi Maidunama, confirmed that the plant was operational.

Maidunama told journalists that there was a temporary hitch in operations, but explained that the reduction in operations was necessary to address technical issues and enhance capacity.

He said, “So, the operations were not halted. It was obviously reduced due to some improvements that we needed to make. We are managing the process with the number of trucks available today, using a few loading arms for evacuation. This should be resolved soon.”

He assured all that product distribution was ongoing, with several trucks loading refined products, and added that the process would continue uninterrupted.

The Terminal Manager, Port Harcourt Depot, Worlu Joel, confirmed that the facility had commenced the distribution of products, including Premium Motor Spirit, kerosene, and diesel.

He, however, expressed concerns over the low turnout of tanker drivers.

He said, “We have surplus products available and operational loading arms, but we’ve had to beg tanker drivers to come and evacuate products. We’ve loaded more than ten trucks already and expect to dispatch at least 15 before the day ends.”

Joel noted that the depot operates with 11 functional loading bays, but only three are currently in use due to their high efficiency. Each bay, he explained, can load three trucks in just 15 minutes.

“If you give us 100 trucks today, we can evacuate them in less than five hours,” he assured.

Highlighting the strides made at the refinery, the Managing Director, Ibrahim Onoja, said the plant had undergone extensive upgrades to improve efficiency and reliability.

“The plant is running, and we are trucking out our products. We’ve carried out a massive revamp, replacing most of the equipment, including pumps, instrumentation, and cables. What we’ve done here is a significant upgrade of the facility,” Onoja stated.

The PHRC team reiterated its commitment to maintaining consistent product distribution while ensuring that ongoing improvements enhance the refinery’s overall operations.

  • IPMAN Reacts

The Independent Petroleum Marketers Association of Nigeria said it would not buy from the Port Harcourt refinery if NNPCL sells the fuel at an expensive rate.

IPMAN said it was not expecting the Port Harcourt refinery’s petrol to be more expensive than that of the Dangote refinery or to be at par with the imported one.

The spokesperson of the association, Chinedu Ukadike, while speaking in an interview with our correspondent on Saturday, said fuel from the Port Harcourt refinery should be more affordable.

Ukadike was reacting to claims by the Petroleum Products Retail Outlet Owners Association of Nigeria that the NNPC would sell its PMS at N1,030 per litre.

He said the price was not acceptable to independent marketers so they would have to stay with another petrol source.

“If the Port Harcourt refinery’s PMs price is truly N1,030, it is unacceptable to us independent marketers. We will not buy from them. We will buy where it is cheap,” he said.

Ukadike, however, expressed hope that NNPC would review the price.

They promised to review the price. We will wait till then, but now we will buy from where it is cheaper,” he stated.

Recall that the NNPC has said it has not started selling PMS from the Port Harcourt refinery to outsiders, its products are exclusively for its retail stores at this stage.

NNPC spokesperson, Olufemi Soneye, said the price would be reviewed based on operational realities.

“Our pricing is reviewed and adjusted periodically as necessary to reflect operational realities,” he stated.

  • CORAN Comments

The Crude Oil Refineries Owners Association of Nigeria said the blended PMS from the refinery should be cheaper than the one produced directly.

CORAN National Publicity Secretary, Eche Idoko, said “It should be very cheap.”

Giving insights into the blending of petroleum products, Idoko explained that naphtha is a flammable liquid hydrocarbon mixture used as a feedstock for producing petrol, diesel, and other petroleum products. In contrast, Cracked C5 is used to break down heavier hydrocarbons into lighter ones.

He said the NNPC’s decision to blend naphtha with cracked C5 to produce petrol is likely aimed at increasing petrol production, improving petrol quality or reducing production costs.

“Blending naphtha with cracked C5 might be more cost-effective than using other feedstocks or production methods,” he stated.

However, he said some concerns have been raised about blending, including environmental impact due to the blending process releasing harmful emissions or pollutants.

He also added that the blended petrol might not meet international standards, potentially affecting vehicle performance, emissions, and safety.

He warned that if the naphtha as well as other feedstocks needed for the blending is imported, the exercise might not be sustainable in the long term.

“It’s essential to note that the NNPC’s decision to blend naphtha with cracked C5 is likely driven by various factors, including economic, logistical, and technical considerations,” Idoko explained.

  • N860 Per Litre

An Energy Consultant, Henry Adigun, said the PMS from the Port Harcourt refinery should be around N860 to N870 because it was blended.

Adigun said the Port Harcourt refinery is not a blending plant, but the facility is yet to attain the level where it would produce petrol directly without any need to blend.

According to him, straight-run gasoline has higher sulphur content and it must be blended to get the required standard.

“The straight-run gasoline only means gasoline with higher sulphur content. It is not illegal to blend. They blend everywhere in the world, just ensure everything is normal,” Adigun said.

Asked if the facility is more or less a blending plant rather than a refinery, he replied in the negative.

“It is not a blending plant. It’s a refinery. A refinery can also be a blending plant,” he said.

Speaking on why the refinery could not produce standard petrol that would not require any blending component, the expert explained, “They have not got to that point. Where they are now is not the stage where they can produce petrol directly. There are different refinery stages. That is the stage they are now.

“The blended product will be (more) cheaper. It should be between N860 and N870,“ Adigun disclosed.

 

Credit: The Punch

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BIG STORY

59-Yr-Old Brazil-Based Business Man Arrested For Allegedly Smuggling 700 Grams Of Cocaine 

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A 59-year-old Nigerian businessman, Sylva Ezeokoli, has been arrested by operatives of the National Drug Law Enforcement Agency for allegedly smuggling 700 grams of cocaine concealed in his stomach.

The arrest occurred on Friday at the E-Arrival hall of the Murtala Muhammed International Airport, Ikeja, Lagos.

Ezeokoli, who had spent 35 years in Brazil, was returning to Nigeria aboard an Ethiopian Airlines flight from São Paulo via Addis Ababa.

The NDLEA spokesperson, Femi Babafemi, in a statement on Sunday, said a body scan conducted by its officials revealed foreign objects in his stomach, which were later confirmed to be cocaine.

“As a result, he was placed under excretion observation, during which he expelled 29 wraps of substances that tested positive for cocaine, weighing 700 grams,” Babafemi added.

He said the suspect claimed that he wanted to sell the drugs in Nigeria to boost his business.

Babafemi stated, “In his statement, the suspect claimed he operates an African store in Brazil where he sells provisions, shoes, and clothes. He added that he bought the illicit consignment in São Paulo to resell in Nigeria to raise substantial capital to boost his business.”

The NDLEA spokesperson also mentioned that two consignments containing cocaine and pentazocine injection, destined for the United Kingdom via a courier company in Lagos, were intercepted on November 26.

He said, “Meanwhile, the NDLEA officers of the Directorate of Investigation and General Investigation, on Tuesday, November 26, intercepted two consignments containing cocaine and pentazocine injection going to the United Kingdom via a courier company in Lagos. While the cocaine weighing 200 grams was concealed in local fabrics, 40 ampoules of pentazocine injection weighing 110 grams were hidden in cartons.”

In Kano State, Babafemi reported that the NDLEA operatives on November 28 arrested three suspects: Jamilu Adamu, 38; Umar Musa, 32; and Bunu Ali, 27, with 2,000 ampoules of pentazocine injection and 3,135,000 Exol-5 pills at Gadar Tamburawa, Zaria Road.

Additionally, he stated that a strong strain of cannabis produced in Ghana was recovered at Ilesan Beach in Lagos.

Babafemi said, “No fewer than two 120 kilograms of Ghanaian Loud, a strong strain of cannabis produced in Ghana, were intercepted by the NDLEA operatives at Ilesan Beach, Lagos, on Thursday, November 28. A suspect, Onibogi Muftau, was arrested in connection with the seizure, while four vehicles that were to convey the shipments from the waterfront were also recovered.”

“This came on the heels of the seizure of 472kg of the same psychoactive substance at Idi-Iroko, Imeko area of Ogun State on Monday, November 25.”

Babafemi further disclosed that in Edo State, the NDLEA operatives conducted an intelligence-led raid on Ukuwague Street, Benin City, on Thursday, November 28, resulting in the arrest of two suspects, 60-year-old Monday Onyenemue and 42-year-old Evans Omogiede.

He added that during the operation, officers recovered 185.6 kilograms of cannabis and a Toyota Previa bus with registration number BEN 06XL used to transport the illicit substance.

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BIG STORY

Ogun Man In Police Net For Raping, Attacking Neighbour With Grinding Stone

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Michael Akinmolayan has been arrested for allegedly raping a female neighbour in the Sango-Ota area of Ogun State.

It was gathered that during the incident on Thursday, Akinmolayan allegedly struck the survivor on the crown of her head with a grinding stone, causing severe injuries.

The Ogun State Police Command confirmed the incident on Saturday, stating that officers from the Sango-Ota Division swiftly responded to the scene after receiving a report and took Akinmolayan into custody.

It was gathered that the survivor was immediately rushed to the hospital for medical attention.

The state command’s spokesperson Omolola Odutola explained, “On November 28, the survivor’s brother, Ogundimu, who resides in Mushin, Lagos State, reported the crime. He was informed by neighbours in Sango-Ota that his sister had been seriously injured by Akinmolayan.

“The suspect inflicted head injuries during the assault. Detectives visited the scene, took photographs, and transported the survivor to Banuso Clinic, Ota, for medical treatment.

“Evidence, including blood-stained clothing and the grinding stone allegedly used in the attack, was recovered. A preliminary investigation is underway.”

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