GOV. UBA APPRECIATES PRESIDENT TINUBU ON THE AWARD OF STRATEGIC CONTRACTS WORTH ₦1.178 TRILLION IN KADUNA STATE. (PHOTO).

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 GOVERNOR UBA APPRECIATES PRESIDENT TINUBU ON THE AWARD OF STRATEGIC CONTRACTS WORTH  ₦1.178 TRILLION IN KADUNA STATE   Kaduna State governor has extended appreciation to President Tinubu, and the Federal Executive Council for the approval and award of transformative infrastructure contracts that will indelibly reshape the economic and social landscape of the state.   The statement personally signed by the governor lists the projects as follows; the Kaduna Light Rail Project an ambitious undertaking spanning a Kilometers corridor from Rigachikun to Sabon Tasha, alongside a Kilometers line from Millennium City to Rigasa, forming a 50-kilometre metropolitan network with an estimated value of One Trillion Naira. Complementing this is the critical reconstruction of the Mando–Kaduna– Birnin Gwari road, a 122-kilometre artery valued at ₦178 billion. Together, these projects represent not merely investments in infrastructure, but a deliberate re-engineering of mobility, sec...
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FG COMMENCE CRUDE OIL SALE TO DANGOTE REFINERY OCTOBER 1.(PHOTO).

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FG to commence crude oil sale to Dangote refinery October 1


The Federal Government has announced that the sale of crude oil to the Dangote refinery in naira will begin on October 1. This decision was reached during a meeting with the technical implementation committee led by Wale Edun, the minister of finance on Monday. 


At the meeting, the committee reviewed progress on key initiatives, including the upcoming commencement of Naira payments for crude oil sales to the Dangote Refinery starting October 1, 2024. Stakeholders such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Central Bank of Nigeria (CBN), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the African Export-Import Bank (Afreximbank) have been assigned key roles to ensure smooth implementation.


The executive chairman of the Federal Inland Revenue Service (FIRS) and chairman of the technical subcommittee, Zacch Adedeji, confirmed that the first premium motor spirit (PMS) delivery from Dangote is expected next month under existing agreements.


The minister stressed the need for transparency and directed the technical subcommittee to finalize the details of the arrangement. The committee has also been tasked with preparing a report for President Bola Tinubu, confirming that his directives are on track for implementation from September.

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