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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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Fed Govt gets £62m power equipment from Siemens By Akinola Ajibade

Fed Govt gets £62m power equipment from Siemens 

By Akinola Ajibade 

Nigeria will take delivery of 10 Mobile Reansformers  and 10 Mobile Substations from Siemens soon 

The delivery of the power equipment is under the the first phase of the Presidential Power Initiative which the Federal Executive Council (FEC) approved to the tune of $1.9 million and €62.9 million in 2021.

The Country's Minister of Power,  Abubakar Aliyu made this known after his recent visit to Siemens in Berlin and Frankfurt, Germany.

Power minister (second right) and entourage at Siemens in Germany

The PPI is a power upgrade and modernisation programme between the Nigerian government and Siemens with the support of the German government.

In July 2019, the federal government signed a PPI deal with Siemens AG to increase Nigeria’s electricity generation to 25,000 megawatts (MW) in six years.

In July 2020, President Muhammadu Buhari approved the payment of €15.21 million and N1.708 billion as counterpart funding for the PPI.

News Mirror reports that the Minister of Finance, Budget, and National Planning, Zainab Ahmed had said the $1.9 million will be used for payment of transactions advisors and third-party consultants for the power project. 

Ahmed also explained that €62 million will be used for the procurement of mobile equipment and transformers for the transmission of power across the country.

The Finance Minister said, “The second approval that we got from Council today is still relating to the PPI power project and the memo was seeking the approval of Council for the award of contracts for the procurement of mobile equipment for the transmission power component of the project.

“So, 10 mobile equipment and 10 transformers in favour of Siemens AG.

“The total cost of the procurement is in the sum of 62,949,447 euros with a delivery period of 12 to 18 months, dependent on how we’re able to push because this equipment will be manufactured specifically for us.

“The focus is to be able to very quickly enhance the power availability and capacity in the country.

“With this particular approval, we’ll be able to expand from the current capacity of 5000 megawatts to 7000 megawatts.”

Aside the increase in power supply to about 40 million Nigerians, the federal government said PPI would also create at least 11,000 direct and indirect jobs.

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