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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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NESG Tasks Stakeholders On Economic Growth


Nigeria's economy requires domestic and foreign investments in order to compete favourably with others in the African continent, the Director of Research, Nigerian Economic Summit Group, Dr Olusegun Omisakin has said.

He said areas such as infrastructure, education and health care require growth. 

According to him, the group which is a think-tank for economic acceleration, will hold its summit between October 23 -24, will use growth as a sub theme for the event, adding that Nigeria would not have problem on how to shore up its domestic and global competitiveness, once it has embraced innovation and also enhanced skill acquisition programmes. 




He said the idea would help in bringing diverse investments into the country for growth.

The development, Omisakin said, will stimulate economic expansion, by providing employment opportunities for the country.

He further said that strategic trade expansion in non-oil sectors with a focus on exports will diversify external revenue sources, reduce reliance on the oil and gas industry and elevate Nigeria’s economic complexity on the global stage.

 This, Omisakin added, would enable Nigeria to leverage the potential of the African Continental Free Trade Agreement (AfCFTA), build resilience against external shocks, and forge a more equitable, inclusive, and sustainable economy that benefits all Nigerians.”


 
196580cookie-checkNESG Urges Stakeholder

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