By Abah Benjamin Eneojoh

The Executive Governor of Kogi State, Alhaji Ahmed Usman Ododo, reinforced his administration’s commitment to collaborating with the Federal Government on its policies and programs during the groundbreaking ceremony of NNPC’s 5 Mini LNG plants in Ajaokuta on Thursday, January 30, 2025. js">

This groundbreaking ceremony held in Ajaokuta, Kogi State, the Nigerian National Petroleum Company (NNPC) officially launched its ambitious project to establish 5 mini Liquefied Natural Gas (LNG) plants.
The project is expected to transform Nigeria’s energy landscape

Governor Ododo expressed his profound gratitude to President Bola Tinubu for the numerous benefits accruing to Kogi State through the Federal Government’s initiatives. He acknowledged the president’s commitment to transforming Nigeria and appreciated the various initiatives that have positively impacted Kogi State.

Gov Ododo in his words, ” the economic and social benefits of this project cannot be overstated. The establishment of these energy plants will create significant job opportunities, stimulate Local businesses and improve critical infrastructure in our communities” he said.

Governor Ododo’s administration has consistently demonstrated its commitment to collaborating with the Federal Government. For instance, the state government has been working closely with the Federal Ministry of Aviation and Aerospace Development to establish an international airport in Zariagi, which will serve as a hub for economic activities in the region.

Also speaking, the Minister of Steel Development, Hon Shuaibu Abubakar Audu during his presentation, commended His Excellency president Bola Ahmed Tinubu for establishing the 5 mini NNPC Liquefied Natural Gas (LNG) in Ajakuta, Kogi State.

He noted that if the project is completed, it would massively lead to the creation of jobs which will contribute to the GDP of Kogi State.

He called for collaboration and peaceful coexistence with the host communities for enhanced productivity.
The 5 mini Gas Plants include: PRIME LNG, INGML/GASNEXUS LNG, LNG ARETE, HIGHLAND LNG and BUA LNG

As Governor Ododo continues to champion the cause of collaboration and development in Kogi State, the people of the state can expect to see more initiatives and projects that will drive economic growth, improve living standards, and position the state as a key player in the national development agenda.

Author Profile

Abdulrahman Obaje

Prince Abdulrahman Obaje is a Media, Information and Computer Technology Consultant. A quintessential Journalist, online marketer, social media strategist, Mathematician and Computer Scientist is based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.

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Many have attributed the unstable prices of house commodities culminating in untold hardship to the fluctuating cost of fuel as a result of dollar fluctuation. This is as a result the sale by the Federal Government of Crude Oil to both foreign and local refineries. adsbygoogle || []).push({}); com/pagead/js/adsbygoogle.js">

However, The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October.

This is according to a statement by the Director Press and Public Relations, Federal  Ministry  of  Finance and Economic Planning,  Mr Mohammed Manga in Abuja on Monday, August 19th. 2024.

Manga said that the inaugural meeting with the implementation committee which was presided over by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun is to fast track the transaction.

“The Minister presided over a crucial meeting of the implementation committee on crude oil sales in Naira today.

“It is a significant step towards ensuring the speedy realisation of the presidential directive on crude oil sales in Naira with a view to enhancing Nigeria’s economic growth and development,” he said.

He said that the committee reviewed progress on key initiatives, including the upcoming commencement of Naira payments for crude oil sales to the Dangote Refinery starting from Oct. 1.

According to him,  key roles were outlined for stakeholders, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),  the Central Bank of Nigeria (CBN).

He said that the   Nigerian Upstream Petroleum Regulatory Commission (NUPRC).and the African Export-Import Bank (Afreximbank).were  also. assigned roles to ensure smooth implementation.

“Updates on the Port Harcourt and Dangote Refineries were also provided, with significant production increases expected from November,” he said.

Meanwhile, Edun said that the transaction  would mark a significant milestone in country’s economic transformation.

He emphasised the need for transparency and directed the Technical Sub-Committee to finalisr details as well as prepare a report for the president, confirming that his directives were on track for implementation from September.

“ With the implementation committee’s progress, Nigeria is poised to witness a seamless transition to Crude Oil Sales in Naira.

“The collaboration among stakeholders, including regulatory bodies and financial institutions, will ensure a transparent and efficient implementation process.

“As the country moves towards this significant economic milestone, the impact on Nigeria’s growth and development is expected to be profound, setting a new standard for economic prosperity,”  he said.

Dr Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), and Chairman of the Technical Sub-Committee, reported that the first Premium Motor Spirit (PMS) delivery from Dangote is expected in September.

Source: NAN

Author Profile

Abdulrahman Obaje

Prince Abdulrahman Obaje is a Media, Information and Computer Technology Consultant. A quintessential Journalist, online marketer, social media strategist, Mathematician and Computer Scientist is based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.

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The Senate Committee’s would commence a 3-day public hearing Monday 13th September, 2021 on mineral resources owing to smuggling and illegal mining in the country.

The motion that is sponsored by the former governor of Abia State and Senator representing Abia North Senatorial District, Orji Uzor Kalu would focus on smuggling and illegal mining across the mineral resources endowed States

The cost of smuggling and illegal mining of gold was put at about $9 billion yearly in Nigeria which the Nigerian Senate expressed concern through a motion.

Relevant government and regulatory agencies in the sector would be grilled in a public hearing that will be chaired by the Chairman, Senate Committee on Solid Minerals, Mines, Steel Development and Metallurgy, Tanko Al-Makura.

According to a notice signed by Al-Makura, the Committee extended invitations to state governors; Central Bank of Nigeria; ministers of Mines and Steel Development; Finance and Budget; DGs/CEOs of parastatals and agencies under the Ministry of Mines and Steel Development; Executive Secretary of NEITI; Nigeria Labour Congress, Nigeria Immigration, among others.

Senator Kalu who is also the Chief Whip of the Senate had disclosed in the motion that mineral deposits were capable of sustaining Nigeria’s gross earnings, if smuggling and illegal activities were contained in the sector noting that Nigeria loses an estimated $54 billion from 2012 to 2018.

The lawmaker lamented the activities of unlicensed miners and incessant smuggling of the solid minerals out of the country by middlemen given the huge revenue losses, adding that over 250,000 jobs could be generated with over $500 million royalties and taxes paid to the Federal Government.

Author Profile

Abdulrahman Obaje

Prince Abdulrahman Obaje is a Media, Information and Computer Technology Consultant. A quintessential Journalist, online marketer, social media strategist, Mathematician and Computer Scientist is based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.

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• Oil and GasJanuary 30, 2025NNPC’s 5 Mini LNG Plants: Governor Ododo Leads Kogi State into Era of Gas-Driven Prosperity