NEWS
NNPC Ltd Announces 1.8mbpd Production, Eyes 2mbpd By Year End
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have revved up crude oil and gas production to 1.8 million barrels per day (mbpd) and 7.4standard cubic feet per day (scfd).
This was revealed at a press briefing on Thursday in Abuja, where the NNPC Ltd attributed the feat to compliance with the mandate of President Bola Ahmed Tinubu.
On the development, the Group Chief Executive Officer, Mele Kyari, congratulated the Production War Room Team that anchored the production recovery process.
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According to Kyari, “The team has done a great job in driving this project of not just production recovery but also escalating production to expected levels that are in the short and long terms acceptable to our shareholders based on the mandates that we have from the President, the Honourable Minister, and the Board.”
Giving details of the efforts of the Production War Room, the Chief War Room Coordinator and Senior Business Adviser to the Group Chief Executive Officer, Lawal Musa, disclosed that the feat was achieved through the collaborative efforts of Joint Venture and Production Sharing Contract partners, the Office of the National Security Adviser, as well as government and private security agencies.
He said the interventions that led to the recovery of production cut across every segment of the production chain with security agencies closely monitoring the pipelines.
He stressed that when the Production War Room team was inaugurated on the 25th June 2024, production was at 1.430mbpd, but the team swung into action, culminating into it sustaining the production recovery to 1.7mbpd in August and hitting the current 1.808mbpd in November.
“We are confident that with this same momentum and with the active collaboration of all stakeholders, especially on the security front, we can see the possibility of getting to 2mbpd by the end of the year,” he stated.
On the development, Chairman of the NNPC Ltd Board of Directors, Chief Pius Akinyelure, also congratulated the team, and said he was happy to be part of the production recovery process, adding: “today, I will leave this place with my heart full of joy”.
He charged the Company’s Management to come up with a cashflow projection based on the new production figures to facilitate planning, stressing that he was looking forward to further production increase to 3mbpd.
On his part, the Honourable Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, expressed satisfaction with the performance of the team and pledged the Federal Government’s support for the company to do more.
NEWS
President Tinubu Set For First Nationwide Media Chat Tonight
President Bola Ahmed Tinubu will hold his first Presidential Media Chat tonight, December 23, at 9 p.m.
The landmark event, announced by Bayo Onanuga, Special Adviser to the President on Information & Strategy, will be broadcast live on the Nigerian Television Authority (NTA) and the Federal Radio Corporation of Nigeria (FRCN).
READ MORE: Non-Oil Sector Fuels Nigeria’s Q3 2024 GDP Growth, Says CBN
All other television and radio stations have been invited to join the simulcast, ensuring nationwide access.
This highly anticipated media engagement offers an opportunity for President Tinubu to address key national issues, outline his administration’s achievements, and shed light on policies shaping the future of the nation.
Nigerians are encouraged to tune in to stay informed about the government’s vision and policies for the nation.
NEWS
FCT Health Sector On Brink As Doctors Warn Of Looming Deadliest Strike
The Association of Resident Doctors, Federal Capital Territory Administration (ARD-FCTA), has sounded an alarm over an impending healthcare crisis, issuing a 14-day ultimatum to FCT Minister Nyesom Wike.
The doctors have threatened a “deadliest shutdown” of hospital operations if their welfare demands remain unresolved.
READ MORE: Appeal Court Strikes Down CCT’s Suspension Of Kano Anti-Corruption Chairman
Speaking at a press briefing in Abuja on Monday, ARD-FCTA President, Dr. George Ebong, highlighted the dire state of doctors’ welfare, despite acknowledging the minister’s achievements in infrastructural development.
He said, “We appreciate the minister for his infrastructural development in the FCT since his emergence. But doctors are an abandoned project. While he fixes infrastructural abandoned projects, we are the human abandoned projects. We believe the minister can deal with the challenge.”
List of Demands
The doctors are calling for immediate action on the following issues:
- Payment of six months’ salary arrears owed to members employed in 2023.
- Release of the 2024 Medical Residency Training Fund.
- Reduction of the bonding policy from six years to two.
- Implementation of skipping allowances for 2023 intakes and issuance of related letters.
- Immediate payment of 2024 accoutrement allowances.
- Clearance of 13 months’ hazard allowance arrears.
- Conversion of ARD Post 2 members to consultants.
- Recruitment of healthcare workers to address manpower shortages.
The association had earlier issued a 21-day ultimatum at its Annual General Meeting, with just 14 days now remaining for the minister to meet their demands.
Dr. Ebong warned that failure to act would lead to a complete shutdown of medical services in the FCT, describing the potential strike as “the deadliest shutdown.”
Ebong said, “This injustice is alien to the FCT; if allowed to persist, the nation’s health sector will collapse. We do not want the deadliest shutdown, but if no action is taken, we will have no choice. The health of this nation is at stake, and the minister must act without delay.”
The association called on Wike to urgently address their grievances, emphasizing that the welfare of medical professionals is vital for the sustainability of healthcare delivery in the FCT and beyond.
NEWS
NNPC Cuts Petrol Price To N965 Per Litre
The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of petrol at its retail outlets in Abuja to N965 per litre, down from N1,030 per litre.
The new pricing, confirmed at NNPC stations in the Central Area and Nyanya suburbs of the Federal Capital Territory, reflects intensified competition in the downstream petroleum market, particularly with the entry of products from the Dangote Refinery.
This is the second price cut by NNPC in two weeks, following a previous reduction from N1,060 to N1,030 per litre.
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Motorists have expressed cautious optimism over the adjustment, describing it as a step in the right direction but calling for further reductions.
“I noticed the new price yesterday,” said Adamu Shuaibu, a commercial driver on the Nyanya-Zuba route.
“The government is trying, but they should do more. The price should return to N530 per litre so that the cost of other goods can decrease too.”
Similarly, Taofeek Adetunji, a private car owner, attributed the price reduction to President Bola Tinubu’s economic reforms and expressed hope for sustained improvements.
“When the President promised his reforms would yield results, many doubted him. But now you can see it. We are optimistic that prices will keep dropping. Petrol is vital to the economy, and this reduction will soon reflect in the cost of goods and services,” Adetunji said.
Motorists have urged the Federal Government to continue its efforts to make petrol more affordable, emphasizing its significance to the nation’s economy and the cost of living.