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
By Akinola Ajibade
Ajaokuta Steel Company will generate N809.56 billion in 10 years, if it given N701billion as capital to reactivate it, a fellow of Nigerian Society of Engineers (NSE),Dr. Otis Anyaeji has said.
Averagely N80 billion profit will be generated in a year, a development, which translates to N800 billion in 10 years.
Onyeaji said this in a presentation during the October 28, lecture titled: ‘Advocacy and Activism in our Engineering DNA’
A combination of public and private sector funds should be considered for adoption, probably on a 30:70 ratio in order to raise the needed fund,he said.
“This is very crucial, being another significant and consistent effort by the Nigerian Society of Engineers to further argue for ways of adding value to local resources and thereby create jobs at this difficult periodIn doing this, the investments on ground at Ajaokuta would be taken into due consideration on the public side. In other words, the real cash injection by the government may not actually be more than N100 billion at the end of the day in cash,” he added.
President of NSE, Tasiu Gidari-Wudil,in his earlier remarks bemoaned the rejection of engineering practitioners in Nigeria, wondering why a non-engineer should occupy a position meant for engineers.
“We find out that engineers have been neglected in the affairs of this country. You have Minister of Communications who is very close to engineering but he is not an engineer. But why can’t you bring in somebody who is from that field who will be able to deliver.
“So let there be a round peg in a round hole. Let the government understand that everything about governance and politics centre on infrastructural development. You cannot get infrastructural development by neglecting engineers.If we want this country infrastructurally, we just have to get the right people. So, the engineers must be involved. Other technologies must be involved,” he said.
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