OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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ECONOMIST SAYS PORT HARCOURT REFINERY TOTALLY OBSOLETE. (PHOTO).

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 Economist says Port Harcourt refinery totally obsolete


Despite the huge sums of money said to have been spent on the Turn-Around Maintenance (TAM) of the moribund Port Harcourt refinery, a Nigerian Economist and Energy expert, Kelvin Emmanuel has pointedly posited that the facility and others in Kaduna, Eleme and Warri will not be operational anytime soon.

Emmanuel said this in an interview with Channels Television breakfast programme Morning Brief on Monday. 

He insists that the Port Harcourt refinery will not come back on stream, stating that the best it can offer Nigeria is to operate as a petrol blending plant


According to the Energy expert and co-founder of Dairy Hills, the huge sums of money spent in the so-called rehabilitation of the Port Harcourt refinery running into billions of dollars have gone down the drains as the refinery will not become operational again because it could not be fixed.

He insists that the claims by the federal government through its agencies that the Port Harcourt refinery has been technically repaired is false, arguing that the best the refinery will be used is for petrol blending plant. 

Emmanuel also painted a a gloomy picture of the cost of Premium Motor Spirits (PMS), saying that the pump price will not come down soon because Nigeria does not have pipeline infrastructure to evacuate crude oil and refined products across the country hence the retail prices are high because when the marketers add up all the charges from the landing cost of products to trucking and heap them on the end users.

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