“We condemn in strong terms the massive corruption going on in the management of fuel subsidy regime which the federal government had declared non-existent while billions of naira are deducted monthly at Federation Accounts Allocation Committee (FAAC) meetings,” the statement read.
Vincent Toritseju 02 February 2018, Sweetcrude, Lagos — The Transportation Minister, Rotimi Amaechi and his Finance counterpart, Mrs. Kemi Adeosun…
He said that the kingpin in the illegal mining in Plateau State, one Dan China from Bauchi State had been arrested and that the illegal mining was more on gold and the sapphire, adding that the Federal Government has created a new settlement for the artisans in the illegal business.
Sirika said the contract was awarded following the structural challenges encountered in the construction of a new terminal at the airport being handled by a Chinese firm.
“As part of this committee’s work, we are also reviewing that template to see whether there are things we need to do to help us ensure that we can accommodate sales at the N145/litre window. So, that is also going to be looked into. The PPPRA is working on that and is heading a special committee on it.”
“All studies conducted on the Nigeria petroleum sector since 1999 are settled on the issue that the role of Government in the oil and gas sector needs to be better clarified whilst the policy, regulatory and commercial institutions need to be given a refocused mandate to ensure better sector governance, transparency of regulations and operations, accountability of the institutions, and removal of opaqueness around the industry,” he said.
“The project will be delivered through a Build and Transfer PPP model with 100 per cent Contractor Financing. The AKK Gas Pipeline Project constitutes Phase 1 of the Trans-Nigeria Gas Pipeline (TNGP) Project.”
“Gas which is classified as clean energy will, in addition to the promise of energy security, provides efficient fuel for power generation and reduces air pollution leading to improved quality of life.”
“What I wrote to the President in my memo, which was presented to FEC, was to remind him that these were some of the contracts he had already approved. What I complained about was about due process not being followed in the initial approvals, obtained without seeking my concurrence or input.”
“Under the Deep Offshore Act, there was a provision in 1993 that says once the price of crude exceeds $20 a barrel, the government will take steps to ensure that the premium element is then distributed under an agreed formula so that we can get more from our oil. But over the last 20 years, nothing really was done.”
