SENATE MEETS EXECUTIVE ON MTEF - FSP. (PHOTOS).

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  SENATE MEETS EXECUTIVE ON MTEF - FSP  An interactive session is holding between the Senate committee on Finance and key ministries departments and agencies of government on the 2026-2028 medium term expenditure framework and fiscal strategy paper. The three year economic framework aligns with fiscal responsibility act. The minister of finance Wale Edun at the session   says funding is available for the 2024 capital, while 30 percent  of 2025 capital component is also available. He informed the committee that circulars have been issued across MDAs on federal governments revenue Optimisation program in 2026 which prioritizes automation and technology mandating all payments on digital platforms. One more photo below. 
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PUTTING TO REST RUMOURS ABOUT PORT HARCOURT REFINERY COMPLEX: OUR FICT-FINDING MISSION-BAYO ONANUGA. (PHOTOS). #PRESS RELEASE.

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 Putting to Rest Rumours about Port Harcourt Refinery Complex:  Our Fact-Finding Mission


I was part of a fact-finding team that visited the 60,000 barrels daily Port Harcourt Refining Complex on Wednesday. I will now share our findings. Our mission was to verify the rumours circulating about the refinery's state, and I am pleased to report that we were satisfied with what we saw.


Our team, guided by the refinery's Managing Director Ibrahim Onoja, toured the entire complex, from the computerised control room to the loading bay and every section in between. We asked pointed questions and received satisfactory answers, dispelling our doubts and misconceptions.


Nigerians must ignore naysayers and false information about the refinery's operations. While it is not currently running at 100%, it is functioning at 70% installed capacity, with plans to increase production shortly. Furthermore, the refinery receives regular crude supplies, contrary to claims that it lacks crude to refine.


During our visit, we confirmed that the refinery produces petroleum products, including kerosene, low-pour fuel oil, LPG, diesel, and gasoline. The latter is blended with other products to make the petrol we use in our cars. We even tested samples of the products.  


The refinery's recent overhaul has transformed it into a modern facility. We saw upgraded and replaced parts, including part of the 300km new pipelines. Some parts the company had not changed in 27 years have been replaced with new ones, bringing the refinery up to 21st-century standards.


The revamping work has indeed brought the refinery back to life. What was once a 20th-century refinery has been transformed into a state-of-the-art facility.


We also visited the co-located second Port Harcourt refinery, commissioned in 1989. Workers were busy dismantling old, rusty parts and replacing them with new ones. Although officials declined to provide a timeline for its completion, there was an air of confidence that it would soon be operational, joining its 60,000 barrels a day counterpart.


My curiosity has been satisfied. I commend NNPC Limited and the refinery team for reviving this dead asset, which was on the verge of becoming a museum piece. 


Our fact-finding mission has buried the various doubts and lies about the Port Harcourt Refinery Complex.

One more photo below. 


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