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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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'Shell Pays Intervention Funds 0f $142.5m to NDDC'


By Favour Ifeoluwa & Akinola Ajibade


The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) paid at total of $142.5 million was paid to the Niger Delta Development Commission (NDDC)  in 2023

SPDC paid $112.5 million while SNEPCo remitted $30 million compared to $59.04 million by SPDC and $20.73 by SNEPCo in 2022, Shell have said in a statement. 

The contributions came from the Shell companies on behalf of themselves and their respective partners –Nigerian National Petroleum Company Limited (NNPC); TotalEnergies, EP Nigeria Limited; NAOC; and Esso Exploration and Production Nigeria Limited – as statutory contributions to the interventionist agency.

“Our support for NDDC is part of our aspirations for the development of the Niger Delta which has also seen a wide range of social investments, including health and education,” SPDC Director and Country Head, Corporate Relations Igo Weli said in a statement on Wednesday.

He added: “With the continuous support of our partners, we will continue to discharge our obligations to communities through statutory payments to agencies and projects executed in partnership with stakeholders.”

Shell Companies in Nigeria have supported community development programmes in the country since the 1960s, benefitting many Nigerians.

Shell, also financed education,  a development, which led to the award of more than 3,450 secondary school grants, 3,772 university grants and 1,062 cradle-to-career scholarship grants since 2016.

This coupled with the fact that the oil giants have introduced Health-in-Motion programme, providing free medical services directly to communities. Over one million individuals have benefited from the programme since its inception in the early 2000s,the statement added.

On  entrepreneurship programmes, Shell has  supported 73 businesses through training and mentorship programmes leading to 97 employment opportunities for Nigeriians. 

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