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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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House raises 2023 appropriation bill to N21.82trillion

House of Representatives 


By Akinola Ajibade


Nigeia will finance its 2023 appropriation bill  with N21.82 trillion, if the decision by the House of Representatives to increase it from N20.51 trillion to N21.82 is anything to go by.

By this, the lower chamber of the Senate has increased it by N1.31trillion in order to meet the Federal Government's expenditure for 2023.

Out of this, N967.48 billion is for statutory transfers, N6.55 trillion is for debt service, N8.32 trillion is for recurrent (non-debt) expenditure while the sum of N5.97 trillion is for contribution to the development fund for capital expenditure for the year ending on the 31st day of December 2023.

Meanwhile, the lawmakers have adjourned for the new year break and are expected to resume plenary  to January 14, 2023.

Also, the Senate, yesterday (Wednesday) approved President Muhammadu Buhari’s request of N819.54bn domestic loan meant to fix the infrastructure destroyed by floods across the country.

Buhari had through an executive communication last week, sought the approval of the National Assembly for N819.54bn supplementary budget.

The request, according to the President, would form part of the 2022 Appropriation Act.

Buhari in the letter read by President of the Senate, Ahmad Lawan, said the supplementary appropriation request was meant for the capital expenditure component of the 2022 budget. Meanwill,

The Senate on Wednesday approved President Muhammadu Buhari’s request of N819.54bn domestic loan meant to fix the infrastructure destroyed by floods across the country.

Buhari had through an executive communication last week, sought the approval of the National Assembly for N819.54bn supplementary budget.

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