NEWS
NNPC Targets Private Firms For Warri, Kaduna Refineries
The Nigerian National Petroleum Company (NNPC) Limited has announced its intention to engage reputable and credible operations and maintenance (O&M) companies for the Warri Refining and Petrochemical Company (WRPC) and the Kaduna Refining and Petrochemical Company (KRPC).
This initiative follows a similar call made seven months ago to outsource the Port Harcourt refinery’s operations and maintenance.
NNPC’s move aims to enhance the reliability and sustainability of these refineries to better meet Nigeria’s fuel supply and energy security needs, according to a statement released on its official X handle.
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The statement said, “The O&M tender for WRPC and KRPC will be treated as a single tender through a three stage tender process (expression of interest, EOI, technical and commercial) leveraging on all the possible opportunity costs associated with procurement of consumables, personnel/manpower management, utilisation of computerised maintenance management software (CMMS), warehousing management system (WMS) etc,”
NNPC outlined that the O&M contract will encompass various responsibilities, including long-term and short-term production and operations planning, execution, monitoring, reporting, and optimization.
The contract will also cover maintenance planning and execution, reliability and inspection, process and controls engineering, quality control and assurance, specialist engineering, health and safety, environmental management, turnaround maintenance planning and execution, minor projects, and the management of both non-contractor and subcontractor activities, as well as inventory and warehouse management.
The oil firm stated that to be eligible for the tender exercise, bidders must complete and submit mandatory details via the link [http://forms.office.com/r/kjSyVwz3Eg] by 12 midnight on Thursday, September 12, 2024.
NNPC added that individual bidders will receive notification of their registration on the NNPC LTD/NipeX tender process portal.
Following this, bidders will be able to make their submissions through the NNPC LTD/NipeX tender process portal.
It added “All submission bids should be titled; EOI for the provision of operations and Maintenance (O&M) services for NNPC Limited Refining: Warri Refining and Petrochemical company (WRPC) and Kaduna Refining and Petrochemical Company (KRPC).”
The oil company requires applicants to submit audited accounts for the past four years (2020 to 2023), including balance sheets, income statements, and cash flow statements.
Applicants must also provide evidence of their latest credit ratings and the name of the rating agency.
Additionally, they must demonstrate a minimum average annual turnover of at least $2 billion USD for the financial years ending 2020, 2021, 2022, and 2023.
Documents should be submitted online via the electronic NIPEX tender portal by 12 pm on September 26.
The Expressions of Interest (EOIs) will be opened virtually after the submission deadline at 12 noon on October 10, 2024, using Microsoft Teams.
Bidders and external observers will be invited to attend the live stream of the bid opening session.
In the event of an unscheduled holiday on the bid submission date, the new deadline for submissions will be the next working day.
The oil company also noted that if there is an unscheduled holiday on the EOI closing date, the deadline for submissions will be extended to the next working day and time.
NEWS
N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden
Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.
In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.
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He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.
The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.
“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.
He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.
“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.
Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.
“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said
He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.
“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”
Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.
He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.
“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.
Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.
“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.
He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.
International News
ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others
The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.
In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”
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The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.
Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.
The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.
With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.
NEWS
Edo State Governor Sets Up Committee To Recover Missing Gov’t Vehicles
Governor Monday Okpebholo of Edo State has inaugurated a 12-member committee tasked with recovering government vehicles reportedly in private hands.
The committee, led by Kelly Okungbowa, has been given a two-week mandate to retrieve the vehicles and ensure their return to the state government.
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Speaking during the inauguration ceremony in Benin City, Governor Okpebholo emphasized the importance of accountability in the management of public resources.
He urged the committee to carry out its assignment thoroughly and within the bounds of the law.
In his response, Okungbowa expressed gratitude to the governor for entrusting the team with the assignment, vowing to deliver results within the stipulated timeframe.
“A lot of vehicles used by the past administration are missing, as those in custody of the vehicles have refused to return them,” Okungbowa said.
“The governor deemed it fit to inaugurate us today with a mandate to recover all government vehicles in private hands.”
The committee, which includes representatives from Edo’s three senatorial districts, is set to investigate and recover the vehicles based on credible intelligence already at their disposal.
“We already have vital information regarding some persons still holding government vehicles,” Okungbowa stated. “We will do the job according to the law, and both the government and the people will be satisfied with the outcome.”
He also called on members of the public to assist the committee by providing information about any government vehicles that may still be in private possession.
“We want to appeal to members of the public who might be aware of anyone still keeping government vehicles in their houses to please inform us to enable the committee to recover such for the Edo State Government,” Okungbowa said.
The committee’s vice chairman, Rt. Hon. Victor Edoror, a former Speaker of the Edo State House of Assembly, will work alongside other members to ensure the success of the initiative. The public can reach the committee at 08110165121.