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NNPC Says Crude Oil Production, Price Benchmark for 2024 Budget Realistic

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The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable.

The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari, gave the assurance during an interactive session with the Senate Committee on Finance at the National Assembly, Abuja, on Wednesday.

Speaking on the dynamics of the market in relation to the projected budget benchmark price of $77.96 per barrel, Kyari said: “With what we see in the market today and potentially in the year 2024 and even beyond the next two years, it is very unlikely to see $70 per barrel oil in the market. The oscillation we are seeing, sometimes you do see prices coming down to $75 to the barrel and sometimes it goes above it, overall, benchmarks are averages. We think that the proposal by Mr. President around the $77.96 is still realisable in 2024.”.

On the crude oil production projection, he stated: “The number we have is 1.785mbpd. This is cumulative of all oil produced in the country. This figure is inclusive of all production including crude oil and condensate. I need to make this clarification because of the reports in the media that our OPEC quota is 1.5million barrels per day. The OPEC quota is related only to crude oil. We also do between 250,000 to 300,000 barrels per day of condensate in our production. When you combine the two, the 1.78mbpd is realistic and realisable.”

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He expressed optimism that though there were challenges such as security and force majeure, the measures being deployed by the Federal Government would be able to take care of them to guarantee the projected level of production.

The GCEO also assured that NNPC Ltd. will maintain the level of dividends remittance to the Federation Account as stated in the Medium-Term Expenditure Framework, adding that the projected dividends from the Nigeria Liquefied Natural Gas Ltd. was also realizable and would be flowed directly into the Federation Account as stipulated by the law.

While answering a question on the Company’s Road Tax Credit Scheme, Kyari explained that all the roads being undertaken under the scheme would be duly completed, adding that the scheme was anchored by the Ministry of Works while the Federal Inland Revenue Service and NNPC Ltd. were only playing supervisory roles to ensure that value is delivered for every kobo paid.
Speaking earlier, the Chairman of the Senate Committee on Finance, Senator Mohammed Sani Musa, said the purpose of the interactive session was to deepen conversations on the projections in the 2024 Appropriation Bill to help the lawmakers determine what and where to adjust.

He expressed satisfaction with the explanations offered by the NNPC Ltd.’s helmsman.

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Gov Yusuf Inaugurates Sharia and Zakkat Commissions

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Governor Abba Kabir Yusuf has inaugurated the Chairmen, Commissioners, and members of the Sharia and Zakkat & Hubusi Commissions.

This was contained in a statement issued by the governor’s spokesperson, Sanusi Bature Dawakin Tofa, on Monday.

Speaking at the inauguration, Governor Yusuf emphasized Kano’s influential status in the Islamic world, citing its large number of renowned scholars, Islamiyya schools, and Islamic study centers.

He noted that the appointees were selected based on merit, competence, and trustworthiness, expressing confidence that they would execute their duties with dedication, enthusiasm, and integrity.

The governor charged the Sharia Commission with the responsibility of fostering unity among Muslim faithful across different sects to enhance peace, stability, and socioeconomic development in the state.

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Similarly, he tasked the Zakkat and Hubusi Commission with devising effective strategies to collect alms (Zakkat) from wealthy individuals to support the less privileged, thereby reducing poverty to the barest minimum.

*List of Appointees*

*Sharia Commission*

• Chairman: Sheikh Abbas Abubakar Daneji

• Permanent Commissioner I: Malam Yahaya Gwani Hadi

• Permanent Commissioner II: Sheikh Ali Dan Abba

• Members:
• Malam Abubakar Mai Ashafa
• Malam Naziru Saminu Dorayi
• Sheikh Mukhtar Mama
• Sheikh Ibrahim Inuwa
• Malam Adamu Ibrahim
• Alhaji Abubakar Sharif Bala
• Alhaji Yawale Suleiman Gulu
• Malam Aliyu Umar
• Alhaji Muhammad Kabir Na’bi
• Malam Nasiru Sheikh Aliyu Harazimi

• Secretary: Sheikh Dr. Sani Ashir

*Zakkat & Hubusi Commission*

• Chairman: Barrister Habibu Dan Almajiri

• Permanent Commissioner I: Sheikh Nafi’u Umar Harazimi

• Permanent Commissioner II: Dr. Ali Quraish

• Members:
• Malam Yahaya Muhammad Kwana Hudu
• Sheikh Hassan Sani Kafinga
• Sheikh Arabi Tudun Nufawa
• Malam Sani Sharif Umar
• Professor Garba Muhammadu Tofa
• Malam Adamu Muhammadu Andawo
• Malam Surajo Usman
• Sheikh Adamu Guda
• Malam Inuwa Mustapha
• Malam Nura Badamasi
• Malam Abdullahi Sarkin Sharifai
• Representative of the Kano State Civil Service Commission

Governor Yusuf expressed confidence that the newly inaugurated officials would discharge their responsibilities effectively and contribute to the advancement of Islamic governance and social welfare in the state.

 

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Bauchi First Lady Reaffirms Commitment to Philanthropic Projects

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The founder of the Al-Muhibbah Foundation, Hajia Aisha Bala Mohammed, expressed her readiness to continue philanthropic programs towards the development of society.

She stated this during a 30-minute live program broadcast on Africa TV3, where she discussed the numerous achievements of the Al-Muhibbah Foundation over the past 15 years. Chief Press Secretary to the First Lady, Murjanatu Musa Mai Dawa, stated in a press release signed and sent to journalists.

The First Lady said, “I initially established the foundation to care for cemeteries, and it has grown into a multifaceted organization serving communities across health, education, agriculture, women’s empowerment, and skill acquisition.”

“Why we began with a focus on cemeteries is that I believed it was important to care for the final resting places of our loved ones. Over time, our mission expanded to address the broader needs of our society,” the founder shared.

Some of the key achievements of the Al-Muhibbah Foundation include building two hospitals in Jamda and Alkaleri, donating ambulances for emergency response, and providing scholarships from primary school to higher institutions,” she stated.

Furthermore, “The foundation launched the ‘Not Too Late to Learn’ program, giving married women a chance to proceed with their education.”

The Al-Muhibbah Foundation has taken a groundbreaking step with the creation of the Al-Muhibbah Open University, the first of its kind in the North East of Nigeria. The institution aims to provide quality higher education to local communities.

In addition, the foundation has established AMF Passion, a shoe-making factory, and a bottled water company called Khuld Water, creating employment opportunities and contributing to local economic growth.

 

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Group Knocks UniAbuja Over Professor Without Law School Certificate

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A civil society organization, Coalition to Save Education in Nigeria (COSEN), has accused the authorities of the University of Abuja of “deliberate cover-up and inexplicable failure to implement the decision of the university’s Visitor” in respect of a controversial Law professor, who it is alleged does not possess the certificate of the Nigerian Law School, a fundamental prerequisite for practicing as a lawyer and being a bonafide law lecturer.

In a statement signed by its Director of Operations, Kamsi Ezenwa, COSEN claimed that Kassim Musa Waziri, allegedly failed the Call-to-Bar examination on several occasions, hence he is not fit to teach Law, “even based on the time-honoured maxim that one can’t give what one doesn’t have.“

The group cited the report of the 1999 Visitation Panel to the university which picked fault with Waziri’s employment as a lecturer without Law School certificate, a situation that led to his suspension in the year 2000 consequent upon a staff audit arising from the implementation of the Visitation Panel report. The suspension was however lifted following an appeal by the suspended staff who also presented a Master’s degree from the University of Jos. But to date, according to the group, “Waziri has not gone back to the Nigerian Law School to fulfill the obligatory certification as a legal practitioner and law teacher.”

COSEN called on the Vice-Chancellor of the university, Professor Aisha Maikudi, “not to toe the path of her predecessors, who for inexcusable reasons, which clearly borders on cover-up and gross dereliction of duty, failed to do the right thing. This time around, the Management of the University of Abuja must ensure that the needful is done, namely to revisit and see to a thorough and faithful implementation of the White Paper of the 1999 Presidential Visitation Panel’s Report in respect of this matter.”

Our independent checks reveal that the embattled professor is no stranger to controversy as he fancies himself as a major power broker in the university, oblivious of the huge question surrounding his competence and qualifications as a Law lecturer. According to a fellow Professor, who spoke on condition of anonymity, “This thing you mentioned about this fellow not having a Law School certification is an open secret in this University. Most of the long-serving staff in the system know about it for a very long time. It became obvious recently when he served as acting Dean of Law for two years during which he could not attend a single meeting of the Council of Legal Education. Instead, another Professor had to be representing the university and the faculty then. However, what is surprising about the matter is the long cover-up and silence of the school authorities over the matter.”

It remains to be seen what action the university authorities will take if and when COSEN makes good its threat to submit a formal petition

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