Kachikwu’s giant strides

Since the assumption of Kachikwu Ibe as the Minister of State for Petroleum Resources in the last three years, there has been tremendous improvements in different sectors of the industry, ranging from operational strides to policy moves which have added value to the corporation. During a recent public presentation Kachikwu harped on the need for government to halt its subsidy regime and the importation of oil products. Hear him: “If we continue to subsidize products, we will continue to struggle as a nation.” He is not done: “The only option…

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MRA inducts PTDF into ‘FOI Hall of Shame’ …accuses government of encouraging public institutions to break the law

Media Rights Agenda (MRA), on Monday, inducted the Petroleum Technology Development Fund (PTDF) as its 65th inductee into the “Freedom of Information (FOI) Hall of Shame” for the agencies failure to implement the FOI, six years after its implemtation. The group said it was extremely concerned about the pervasive culture of non-compliance with the FOI Act across government institutions with no single one of them having ever been sanctioned for violating the Law. In a statement in Lagos, MRA’s FOI Programme Manager, Mr. Ridwan Sulaimon said: “We are gravely concerned…

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We don’t have $3.5billion subsidy fund, says NNPC

The Nigerian National Petroleum Corporation (NNPC) has disclaimed the insinuation that it has in its custody $3.5billion Subsidy fund.   NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release today in Abuja, explained that at the hit of the shortage of products supply at the close of last year, the National Assembly asked the NNPC to do everything possible to stem the hiccups. Ughamadu revealed that accordingly, NNPC initiated the move to raise a revolving fund of $1.05billion, since the corporation was, and still is,…

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NNPC begins arrest, prosecution of erring marketers nationwide

NNPC begins arrest, prosecution of erring marketers nationwide

NNPC begins arrest, prosecution of erring marketers nationwide By Bimbo Ogunnaike The Nigerian National Petroleum Corporation (NNPC) said it has stepped up the arrest and prosecution of erring marketers and fuel hawkers across the country. The Group General Manager, Group Public Affairs Division of the NNPC,  Ndu Ughamadu, in a statement  he issued in Abuja on Wednesday, said this was part of efforts to sanitise the fuel supply and distribution system to eliminate the queues. Ughamadu said the NNPC Special Task Force on Filling Stations Monitoring had made series of…

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