The Nigeria-Morocco 700 kilometers gas pipeline project kicked off in Rabat, Morocco on Thursday with the signing of a Memorandum of Understanding (MoU) between Nigeria National Petroleum Company, NNPC, Limited, the Office National des Hydrocarbures et des Mines (ONHYM) of Morocco and the Economic Commission of West Africa States, ECOWAS.
The total volume of Premium Motor Spirit (PMs) imported into the country between January and August 2022 was 16.46 billion litres, which equates to an average supply of 68 million litres per day
Reacting to the allegation captioned: "How govt officials facilitated $1.2bn crude oil, gas theft – Source.", Odey described the report as false, malicious, saying that from the commencement of its operations in October 1999, NLNG has never, and does not, engage in “illegal” exportation of LNG or any of its products, nor is NLNG involved in any international cartel, as alleged.
The share of the federal government from the total distributable revenue of N802.407 billion was N321.859 billion, the states received N245.418 billion, and the local governments got N182.330 billion.
The restoration of the affected part of the grid, according to a statement, commenced immediately at 11.55am with Osogbo/Ihovbor back to the grid followed by Jebba/Osogbo, Kainji/Jebba, Benin/Onisha, Shiroro/Kaduna, Shiroro/Katampe, and Alaoji/Ikot-Ekpene. Others are Lokoja/Gwagwalada, Odukpani/Ikot Ekpene, Benin/Omotosho, Oke-Aro/Ikeja west, Egbin/Oke-Aro and Kaduna/Kano.
He said: “We have continued to make significant contributions to Nigeria’s development. As a group, OPTS member companies account about 90 per cent of Nigeria oil production and contributes significantly to the domestic and export gas production and supply. Over the last decade, OPTS member companies accounted for 40-60 per cent of government revenue and 85 to 95 per cent of export earnings.
“When Nigeria gets this fund, in addition to capital flow from both government and private sector, local and international, it would then be able to address majority of the issues relating to Climatic Change in the country. Nigeria has made a case that it should be on the G7 panel partnerships which will attract significant funding.”
