Skip to main content

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

Lagos will complete Fourth Mainland Bridge in the next four years





By Favour Ajibade


The Lagos state government will start and complete the $2.5 billion Fourt Mainland Bridge within four years,  the Special Adviser on Works to the State Governor, Babajide Sanwo-Olu, Aramide Adeboye, has said. 

He said the project will start In the first quarter of 2023 and end in 2027.

Adeyeoye,who spoke at a joint press briefing organised by the Ministry of Works and Infrastructure and the Office of the Public-Private Partnership (OPPP) to announce the preferred bidder for the project,said that CCECC-CRCCIG Consortium won the bid for the project while MOTA-ENGIL emerged as the reserved bidder.

According to her, a total of 52 bidders initially indicated interest in the project out of which 32 were responsive.

Fifteen of the 32 bidders, he said, indicated further interest out of which six met the criteria and were later rediuced to three before the winner was eventually picked.

Aramide said that 800 structures would be affected by the construction of the 37km bridge, which starts from Abraham Adesanya, Ajah, in Eti-Osa Local Government Area and terminates on Lagos-Ibadan Expressway passing through Owutu/Isawo, Ikorodu and some parts of Ogun State territories.

She added that the bridge would have three toll plazas and nine interchanges, adding that the funding is a partnership between the state government and the construction company and would cost $2.5 billion.

She explained that the agreement is a 40-year plan for the concessionaire to operate and maintain the bridge, as well as recoup investments on the project.

According to Adeyeoye, “the planned Fourth Mainland Bridge would remove gridlocks on the Carter, Eko and the Third Mainland Bridges and open up the state for future developments.”

She urged Lagosians to have confidence in the administration of Governor Sanwo-Olu to deliver on its developmental promises.

Special Adviser to the Governor in the Office of Public Private Partnership (OPPP), Ope George, said that choosing the preferred bidder was a daunting task, adding:

“The bidding process took 1,129 days after it was opened in 2019 when the present administration came on board,” he said.

He stated that the bridge, when completed, would be one of the legacy projects of the Sanwo-Olu administration.

Comments

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first Chairman of Pineapple Estate, Ikorod

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l