The Federal Government says it has secured funding for the rehabilitation of three existing refineries to enhance the country’s domestic refining capacity.
This is as rehabilitation work on the Port Harcourt refinery which is capable of refining sixty thousand barrels of crude per day is set begin in the first quarter of this year .
Minister of State for Petroleum, Timipre Sylva , disclosed this while giving a breakdown of his Ministry’s achievements at the sixteenth Edition of the PMB Administration Scorecard media series in Abuja.
The President Muhammadu Buhari Scorecard media series resumes with the spotlight on the Ministry of Petroleum.
The Minister of state takes the stage , to present his scorecard highlighting 9 priority areas for the oil and gas sector.
Some of the strategic priorities is to eradicate the smuggling of PMS across Nigeria’s borders , completion of its Gas flare commercialization programme, poverty eradication amongst others .
The Minister says though the government does not have powers to control the market forces in determining the price of PMS , it has secured funding to rehabilitate the country’s existing refineries.
He says this development will help reduce the Price of PMS and increase accessibility to the product.
Minister of Information and Culture says the Buhari Administration has recorded unprecedented Achievements in every Sector and has set the country on the path of achieving self sufficiency.
EFCC EXTENDS BIDS FOR SOME FORFEITED ASSETS
The sale of forfeited real estate assets by the Economic and Financial Crimes Commission, EFCC, through sealed bids commenced on Monday, January 9, 2023, at the premises of the National Open University, Jabi Abuja.
However, none of the properties in the three Lots (Lots 1, 2 and 3) slated for sale by competitive bidding, were taken as the bids were unsuccessful.
The bidders either failed to match the reserve price or were disqualified for violation of the guidelines.
In view of this development, and in line with the Commission’s commitment to transparent disposal of the assets, EFCC is constrained to re-open fresh bids for the assets in the three lots as earlier advertised. Prospective bidders for the assets in Lots 2 and 3 have until 5pm on Wednesday, January 11, 2022, to submit their bids while the bids will be opened on Thursday, January 12, 2023.
Bids for the assets in Lot 1 will open from today, January 9, till 12pm on Friday, January 13, 2023 and the bids will be opened on the same date.
It is important to emphasize that the assets in Lot 1 will be offered for sale as a single unit. Bidders are reminded that failure to include the requisite 10% bank draft for the bid amount will invalidate their offer.
