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President Buhari Unveils New NNPC LTD

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President Buhari with GMD NNPC Mele Kyari

 

President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed.

Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.

At the event, which featured a Special rendition of the Theme Song ”Energy for today, Energy  for tomorrow, Energy for Everyone’‘ by an Ensemble, the president recounted how God had used him to consistently play an important role in shaping the destiny of the country’s NOC in the last 45 years.

He expressed optimism that the NNPC Limited would sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and free from institutional regulations such as the Treasury Single Account (TSA).

‘‘This is a landmark event for the Nigerian oil industry.

‘‘Our country places high premium in creating the right atmosphere that supports investment and growth to boost our economy and continue to play an important role in sustaining global energy requirements.

‘‘We are transforming our petroleum industry, to strengthen its capacity and market relevance for the present and future global energy priorities.

NNPC directs private depot owners to sell at government approved price or be blacklisted

‘‘By chance of history, I was privileged to lead the creation of the Nigerian National Petroleum Corporation on July 1, 1977. Forty-Four (44) years later, I was again privileged to sign the Petroleum Industry Act (PIA) in 2021, heralding the long-awaited reform of our petroleum sector,” he said.

According to him, the provisions of PIA 2021, have given the Nigerian petroleum industry a new impetus, with improved fiscal framework, transparent governance, enhanced regulation and the creation of a commercially-driven and independent National Oil Company.

He said this would enable the company to operate without relying on government funding and free from institutional regulations such as the Treasury Single Account, Public Procurement and Fiscal Responsibility Acts.

‘‘It will, of course, conduct itself under the best international business practice in transparency, governance and commercial viability.

‘‘Coincidentally, I, on the 1st of July 2022 authorized transfer of assets from the Nigerian National Petroleum Corporation to its successor company, the Nigerian National Petroleum Company Limited, and steered the implementation leading to the unveiling of Africa’s largest National Oil Company today.

‘‘I therefore thank Almighty God for choosing me to consistently play an important role in shaping the destiny of our National Oil Company from the good to the great,’’ he added.

The president, therefore, assured stakeholders in the industry that Africa’s largest NOC would adhere to its fundamental corporate values of Integrity, Excellence and Sustainability, while operating as a commercial, independent and viable NOC at par with its peers around the world.

He further stated that the company would focus on becoming a dynamic global energy company of choice to deliver energy for today, for tomorrow, for the day days after tomorrow.

He thanked the leadership and members of the National Assembly for demonstrating uncommon courage and patriotism in the passage of PIA that culminated in the creation of NNPCL.

Minister of State for Petroleum Resources, Timipre Sylva, said with the signing of the PIA, which assured international and local oil companies of adequate protection for their investments, ”the nation’s petroleum industry is no longer rudderless”.

He said: ‘‘From the onset of this administration, Mr. President never concealed his desire to create a more conducive environment for growth of the oil and gas sector, and addressing legitimate grievances of communities most impacted by extractive industries.

‘‘While the country was waiting for the PIA, Nigeria’s oil and gas industry lost about $50 billion worth of investments.

”In fact, between 2015 and 2019, KPMG states that “only 4 percent of the $70 billion investment inflows into Africa’s oil and gas industry came to Nigeria even though the country is the continent’s biggest producer and the largest reserves.

‘‘We are setting all these woes behind us, and a clear path for the survival and growth of our petroleum industry is now before us.”

Sylva described the unveiling of NNPC Limited as a new dawn in the quest for the growth and development of the Nigerian Oil and Gas Industry, opening new vintages for partnerships.

He thanked the president for his ”unparalleled leadership, steadfastness, and unalloyed support towards ensuring that the country’s oil and gas industry is on a sound footing”.

The Group Chief Executive Officer of NNPC Limited, Mele Kyari, announced that the company had adopted a strategic initiative to achieve the mandate of energy security for the country by rolling out a comprehensive expansion plan to grow its fuel retail presence from 547 to over 1500 outlets within the next six months.

He assured stakeholders and the global energy community that the new company was endowed with the ‘‘best human resources one can find anywhere in the industry.

‘‘NNPC Limited is positioned to lead Africa’s gradual transition to new energy by deepening natural gas production to create low carbon activities and positively change the story of energy poverty at home and around the world.” (NAN)

 

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Kano APC spokesperson accuses Presidency of sabotaging Ganduje

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Ahmad Aruwa ,Kano APC spokesperson

 

The spokesperson of the All Progressives Congress (APC) in Kano, Alhaji Ahmad Aruwa, has issued accusations against the Presidency for undermining and conspiring against the suspended Acting National Chairman of the APC Dr. Abdullahi Umar Ganduje.

Mr. Aruwa articulated these claims in a short video he produced in Kano circulating on social media where he blamed the some forces in the presidency that are pushing for the exit of the former Kano State Governor as the Ag. national chairman.

He asserted their awareness of individuals engaged in conspiracies to sabotage Mr. Ganduje’s efforts, with the intention of fracturing his relationship with the President.

He warned of the potential for a significant political upheaval if any APC members dared to oppose Ganduje in Nigeria as he was one of the pillars of President Bola Ahmed Tinubu’s success at the 2023 polls.

Breaking:Court Confirms Ganduje’s Suspension As APC member

“We will confront anyone within the APC who dares to challenge Ganduje, regardless of their status or political influence.”

Mr. Aruwa also criticized Tinubu for disregarding the support extended to him in Kano when others had rejected him.

He observed that no one in Kano, a state with largest voter turnout would support Tinubu’s cause, as Ganduje was the sole architect of his success in the state. Therefore, they will not tolerate any subversion at the Villa.

“I solemnly pledged that if anyone is to confront Ganduje within the APC, it would inevitably lead to a substantial political crisis which we are very ready to fight back.”

“Irrespective of the individual’s identity, we are acutely aware of the plotting and machinations orchestrated by certain APC members at the Villa.

“It was solely Ganduje who facilitated Tinubu’s presence in Kano when there was a lack of support from others.

“Every resident of Kano is refraining from associating with Tinubu, as those within the APC who are acquainted with him are distancing themselves due to Buhari’s influence.”

Reliable sources from the Presidential villa who pleaded for anonimity revealed that Ganduje’s trivails started when he was directed to galvanize the attention of Kano state Governor Abba Yusuf and his political Godfather Rabiu Kwankwaso to abandone thier political party (NNPP) and join the ruling APC.

It was reported that contrary to the terms of reference given to Mr. Ganduje, he arrived Kano and chaired a stakeholders meeting where he mocked Kwankwaso and Kano state Governor, a situation that stalled the negotiation process with Kwankwaso’s team.

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The Journey So Far: Mbum Ferdinand Presents Score Card Since Assumption Of Office As Mighty Jets International FC General Manager

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By Asile Abel, Jos

With the consciousness that his set objectives are sacrosanct, the General Manager of Mighty Jets international FC of Jos, Ferdinand Mbum has reeled out some of his achievements at the club since his assumption of office.

The Club, renowned for its rich history as one of the few in the early days of Nigerian football to place the country on the world map since its inception in 1970, has steadily stamped its authority in the circles of modern football around the country.

“Talent development has been at the core of everything we’re doing right now and the results are already manifesting, so we’re not perturbed nor shaken at all”, Mr. Ferdinand told a team of reporters at his office in Jos.

“Four of our youngsters have currently been invited to the Golden Eaglets team as a result of their performances in what is just their first season”, he further said.

Mr. Mbum maintained that their mandate is for the Club to be self-sufficient and prove that the status quo can change by all means legitimately possible.

Determined to make clear his arguments, he opined that several scouts have been sounded from his first day in office, “Some of whom have documented a good number of our players and are monitoring their development with data-driven tools which I cannot reveal to you.”

Accordingly, those at the top echelon of football activities within the Club have worked with a roadmap and clear cut instructions about the need to prioritize game time for young prospects, hence the reason for their involvement in first team duties with a hybrid of a number of experienced faces to strike a balance in that regard.

For the Club’s chief, the young footballers have to be trusted, “Talent may be universal but opportunity is not, we have to believe them enough and hand them the opportunities they need to prove themselves” he added.

Commenting on his recent foreign trip to England, he revealed that it was solely in the interest of the Club as he had the opportunity to peach the idea of exporting players to clubs that partnerships have not been struck with them at the initial stage such as Southampton, Tottenham Hotspur and Leganese in Spain, which was added to the list of clubs that Mighty Jets Int’l FC hopes to do a lot with in Spain. All these he said were part of his agenda during the International Sports Convention held in the United Kingdom.

According to him “Our journey overseas was not for a tea party by any means as we also held a number of strategic business meetings and beneficial networking.

Already two of our players will travel for trials in top Spanish clubs in addition to other mentioned breakthroughs.”

He did not also stop applauding the Executive Governor of the state, Barr. Caleb Manasseh Mutfwang for the free hand granted the management to operate without hindrance.

He reiterated that there is a close collaboration between the club’s Sporting Director and that of the state as they look to get the very best result moving forward.

While describing allegations of match-fixing against the club’s management as “baseless and unfounded”, he said the club will most likely initiate legal action against known persons who mischievously intend to peddle a narrative they know to be untrue.

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Member APC Working Committee Urges Public Not To Bow to NNPP’s Blackmail Over APC National Chairman

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Bashir Mai Sango with APC national chairman Dr Abdullahi Umar Ganduje

 

A member of the APC working committee in Kano Bashir Mai Sango urges the general public not to succumb to blackmail by certain sponsored elements seeking to discredit the APC national chairman, Dr. Abdullahi Umar Ganduje.

In a statement issued to newsmen Bashir Mai Sango, it was highlighted that the sponsored elements, bent on blackmailing the APC chairman, aim to destabilize the APC-led federal Government of President Bola Ahmad Tinubu, who, in his almost eleven months in office, has been striving to rectify the economy.

Bashir Maisango who is also the assistant secretary of Kano APC emphasized that these individuals are also apprehensive about the political acumen and successes of the APC national chairman, Dr. Abdullahi Umar Ganduje, who tirelessly collaborates with the President to strengthen the APC and position it as a formidable party in future general elections.

Bashir emphasized the importance of recognizing that the NNPP government, along with its agents in Kano and in collaboration with certain disgruntled elements, are working to divide party stalwarts at both the federal and state levels. They are doing so by sponsoring retrogressive elements to launch a campaign of defamation against the National chairman of the APC through court orders and by financing certain members to blackmail the chairman and the APC leadership.

The member Kano working committee further urged the National working committee of the APC, the people of Kano, and all other critical stakeholders not to yield to blackmail from the NNPP government and its propaganda machinery.

He mentioned that the NNPP government, led by Kwankwaso’s puppet, Governor Abba Kabir Yusuf, is doing so to appease his master instead of focusing on governance, as his failures are becoming increasingly evident.

The NNPP government aims to divert attention and ensure the innocent into its fold because the APC national chairman is their nightmare.

He said the national chairman, Dr. Abdullahi Umar Ganduje, has made significant strides in repositioning the party by establishing a progressive institute which underway . This institute is designed to consolidate robust political ideas for progressive politics, a feat never achieved before since the formation of APC in 2013.

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