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Modular Refinery: FG lauds Waltersmith, NCDMB on completion of 5000 bpd…plans expansion to 50,000 bpd

The company growth plans part of which is to significantly expand the refinery’s production capacity to 50,000 barrels of crude oil per day. He said: “We have started with the first module which is 5000 barrels. The next module will be 25,000 barrels. Then the finale module will be 20,000.

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Precious ADELOLA

IBIGWE-THE Federal Government has applauded Waltersmith Petroman Oil Limited and the Nigerian Content Development and Monitoring Board (NCDMB) for their effective partnership that led to the record completion of the Waltersmith 5000 barrels per day modular refinery within two years.

The Honourable Minister of Information and Culture, Chief Lai Mohammed conveyed the  commendation on Tuesday after touring the project located at Ibigwe, Ohaji/Egbema LGA, Imo State, in company with the Governor of Imo State, Senator Hope Uzodinma, the Minister of State for Education, Hon Chukwuemeka Nwajiuba and the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote.

The modular refinery was started in October 2018 and will commence operations on October 14, 2020, loading out 23 trucks of refined products per day, having concluded off-take arrangements with select firms.

The Minister stated that the completion of Waltersmith modular refinery and conceptualization of similar projects in Bayelsa were key achievements of President Muhammed Buhari’s administration, adding that modular refineries only became a reality under the present administration despite years of rhetoric by previous governments.

Mohammed described modular refineries as key to meeting the Federal Government’s agenda of increasing local refining capacity, enhancing value addition to the hydrocarbon resources and employment generation. He gave assurance that government through the Ministry of Petroleum Resources and relevant agencies will provide Waltersmith with all necessary support it needs to operate and grow sustainably.

In his remarks, the Executive Secretary of NCDMB expressed pride that the Board moved quickly to invest 30 percent equity in the Waltersmith modular refinery project with the approval of its Board’s Governing Council. He hinted that the project had several benefits, including generation of direct, indirect, and induced employment opportunities for management staff, plant operators, technicians, drivers, cleaners, suppliers, security personnel and others.

He said that one of NCDMB’s mandates is to develop in-country capacities and capabilities to utilize and add value to the nation’s hydrocarbon resources, while its vision is to serve as a catalyst for the industrialization of the Nigerian oil and gas industry and its linkage sectors.

 According to him, “this vision contributes to the realization of our 70 percent Nigerian Content target in the oil and gas sector by 2027. Our partnership with Waltersmith and other similar investments are some of the levers we are using to deliver the target growth rate.”

Wabote canvassed that at least 10 percent of Nigeria’s oil production should be refined through the modular refineries. He noted that an average of ten direct jobs were created for every 1,000 barrels/day capacity of modular refinery, hence over 2,500 direct jobs and over 25,000 indirect jobs can be created if 10 percent of Nigeria’s production is refined using modular refineries.

In his welcome remarks, the Chairman of Waltersmith Petroman Oil Limited, Mr. Abdulrasaq Isah indicated that the company decided to embark on the modular project as a strategy to address incessant pipeline vandalism and theft of its crude oil products. The project will also ensure import substitution, energy security for the nation, lower of the company’s operating cost and create lots of jobs, he revealed.

He outlined the company growth plans, “part of which is to significantly expand the refinery’s production capacity to 50,000 barrels of crude oil per day. He said: “We have started with the first module which is 5000 barrels. The next module will be 25,000 barrels. Then the finale module will be 20,000.

“At that point we will be loading 120 trucks every day at peak production, comprising different products-diesel, kerosene, PMS, HFO and Jet Fuel.”

He confirmed that load out of products will commence on October 14, starting with diesel, to be followed closely with the commencement of phase two of the project.

Isah also endorsed Federal Government’s deregulation of the downstream subsector, remarking that “the removal of subsidy has created a market for what we are doing. It also facilitates our ability to raise financing for the next module we will be doing.”

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Peter Obi Reacts To Akwa Ibom Arrests, Says Independence Must Mean Real Freedom

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Former Anambra State Governor and 2027 presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has reacted to reports of arrests involving members of the Obidient Movement in Akwa Ibom State, saying Nigeria’s independence means little without freedom.

Obi, in a statement posted on X on Friday, said citizens should be able to express themselves within the bounds of the law without fear.

SEE ALSO: ‘Nigerians Are Living as Displaced Persons in Their Own Country’ — Peter Obi

“As we continue to reflect on Nigeria’s Independence, we must remember that independence means very little if citizens cannot freely express themselves, within the bounds of the law, without fear,” he said.

His comment came after the reported arrest of Elijah Noah, the Akwa Ibom coordinator of the Obi-Kwankwaso Movement, during an attempted Independence Day march in Uyo.

Reports also said police fired tear gas as supporters gathered for the planned march, while Obidient Movement coordinator in the state, Dr Ben Smith, was later reportedly arrested after going to facilitate the release of detained members.

The development followed a directive by the Akwa Ibom State Police Command for political parties, groups and associations to reschedule rallies, meetings and processions planned for Independence Day, citing security concerns.

Reacting to the reports, Obi said the arrest of Nigerians for identifying with the Obidient Movement should concern anyone who believes in democracy and freedom.

“One of the greatest tragedies of our society is that people who once described themselves as freedom fighters can become defenders of oppression when they eventually occupy positions of authority,” Obi said.

He added that those who had previously complained about injustice should not become comfortable with it when it is perpetrated against people they disagree with.

“That must not be the Nigeria we accept,” he said.

Obi said Nigeria’s independence should ultimately mean freedom from fear, injustice, intolerance and abuse of power.

“Our independence must ultimately mean freedom from fear, injustice, intolerance and abuse of power.

“Nigeria must belong to all of us,” he added.

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NELFUND Payments: ‘We Now Have A Clear Schedule’ — Education Minister

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The Minister of State for Education, Prof. Suwaiba Said Ahmad, has said the Nigeria Education Loan Fund (NELFUND) now has a clear schedule for student loan payments based on submissions from institutions.
Ahmad made the disclosure while responding to concerns over alleged delays in the payment of student loans.

The minister acknowledged that there were challenges when the scheme initially commenced but said NELFUND and institutions have become more familiar with the process.

SEE ALSO: NELFUND: ‘Have You Given Students ₦5,000 Scholarship?’ — NANS President Replies Dino Melaye

“I wouldn’t say there is much delay in the payment because as I said, NELFUND now has a clear schedule for payment based on submission from the institutions,” she said.

“When it started, I said we had issues, but now we are used to the system now. The universities are familiar with the system, NELFUND itself is more familiar with the institutions and how it works.”

Ahmad also explained that complaints about delays may sometimes arise from individual cases or misunderstandings of the payment process.

She further clarified that students are required to apply for the NELFUND loan every academic year and are not automatically covered for the duration of their programmes after their initial application.

“You need to apply every year because we don’t know whether you are still interested in getting that loan,” the minister said.

According to her, students’ financial circumstances can change, meaning that a student who required the loan in one academic year may no longer need it in another.

Ahmad stressed that students are not compelled to take the NELFUND loan, adding that those who wish to benefit must apply before they can be paid.

She disclosed that more than 1.6 million students have so far keyed into the NELFUND scheme.

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‘Nigerians Are Living as Displaced Persons in Their Own Country’ — Peter Obi

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Former Anambra State Governor and presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has raised concerns over the plight of Nigerians displaced from their communities by insecurity and forced to live in Internally Displaced Persons (IDP) camps.

Obi made the remarks in an Independence Day post shared on his official X account as Nigeria marks its 66th anniversary.

READ MORE: Nigeria@66: Tinubu Has Plunged Nigeria Into Its Worst Cost-of-Living Crisis – Atiku Slams Tinubu

The NDC presidential candidate said he recently visited Sokoto State alongside Senator Rabiu Kwankwaso, where they held consultations on insecurity, out-of-school children, poverty, youth unemployment, drug abuse and other challenges confronting residents.

According to Obi, their visit to the Internally Displaced Persons camp at Ramin Kura within Sokoto metropolis was particularly troubling.

He said thousands of women and children were living in deplorable conditions after being displaced from their homes and deprived of basic necessities.

“Many of the children have no access to education. Mothers and children have limited access to basic healthcare,” Obi said.

He questioned why Nigerians who should be living in their communities, attending school, farming their land, running businesses and contributing to the economy are instead living in displacement camps.

“These are Nigerians who should be living in their communities, going to school, farming their land, conducting their businesses and contributing to the economy. Instead, they live as displaced persons in their own country,” he said.

Obi said the situation reflects some of the broader challenges confronting Nigeria, including insecurity, poverty, lack of access to education and inadequate healthcare.

He argued that Independence Day should provide an opportunity for honest national reflection and for Nigerians to examine whether the country is moving in the direction envisioned by its founding fathers.

The former Anambra governor said Nigeria remains richly endowed with human and natural resources, but stressed that the country must convert those resources into human development, security, productivity and shared prosperity.

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