Business
NNPC signs deal with Tecnimont SpA to rehabilitate Port Harcourt refinery
A deal for the rehabilitation of Port Harcourt Refining Company (PHRC) has been signed by the NNPC.
The Nigerian National Petroleum Corporation (NNPC) has signed an Engineering, Procurement & Construction (EPC) contract with Tecnimont SpA, a subsidiary of Maire Tecnimont. The deal is for the rehabilitation of Port Harcourt Refining Company (PHRC).
This was disclosed by NNPC via its Twitter handle on Tuesday.
It tweeted, “Signing Ceremony of Engineering, Procurement & Construction (EPC) Contract for the Rehabilitation of Port Harcourt Refining Company (#PHRC) between @NNPCgroup and Tecnimont SpA.”
The Group Managing Director, NNPC, said, “I can confirm to you that nobody has been delegated by anybody in this company to work for (the interest of) anyone other than the mandate of delivering on this rehabilitation project.
“Mr President promised Nigerians he’ll fix the refineries. We’re happy to deliver on this Presidential mandate. We’ll continue this process to also deliver on both Warri & Kaduna Refineries.”
Present at the signing ceremony are MD, PHRC, Engr. Ahmed Dikko, Mr. Davide Pellizola, and Vice President, Sub-Saharan Africa, Maire Tecnimont.
What you should know
Two weeks earlier, Nairametrics had reported the reason the Federal Government is spending the huge sum of $1.5 billion on the Port Harcourt refinery, as it weighs in on the controversies and unverified claims by some Nigerians on the funds for the project.
The state oil giant said that the funds approved for the 210,000 barrels per day capacity refinery was for complete rehabilitation and not turnaround maintenance.
Business
Lagos State seeks investors in aquatic and livestock agriculture value chain
The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap.
The Lagos State Government announced it is seeking private sector collaboration for Agriculture sector value chain development in livestock feed mills, fisheries and red meat.
This was disclosed by the State Commissioner for Agriculture, Ms Abisola Olusanya, in a statement on Sunday in Lagos.
The Commissioner revealed that the scheme was in line with the State’s five-year strategic agriculture roadmap, as the State identified the 3 main sectors for value chain disruption.
READ: Lagos goes tough on illegal conversion of land use, enforcement begins in Ikeja GRA, Lekki, others
She also added that investment in the sectors would also develop jobs for the industry and boost the State’s GDP growth, through Private Sector collaboration as Lagos residents consume over N5 trillion worth of food annually.
“The objective is to stimulate and encourage more public-private partnerships in the three value chains,” she said.
“When you consider this pool of transactions happening in Lagos, it shows that we are the market. For instance, we demand over 400,000 metric tons of fish on an annual basis.
“But our fishermen and our aquaculture farmers are only able to produce just about 174,000 metric tons with deficit of 200,000 metric tons,” she added.
READ: CBN invests over N120 billion on 320,000 farmers across CTG within four years
She also disclosed that the state has 9,000 artisanal fishermen, and bringing more youths into the space will increase the level of fish and seafood being harnessed from our water bodies. Looking at the transactional value on an annual basis, the fisheries sector is worth well over N120billion according to her.
In case you missed it: Nigeria exported agricultural products worth N321.5 billion in 2020, representing a 19.16% increase when compared to N269.8 billion recorded in 2019 and a 6.27% increase compared to N302.28 billion recorded in 2018.
Business
#DigitalSkillsTraining: FG announces conclusion of selection process
Only successful applicants that are contacted by the Ministry are to report at the training venue.
