“The President believes the people of the Niger Delta deserve justice, and for me also it is a very important point,” he said. “The state of the region and the suffering of the people does not reflect the fact that it is the resource base of the country. In-spite of the past leadership failure, the Niger Delta people deserved a fair deal.”
“Mr. Senate President, as I speak with you, those involved in Alison-Madueke’s clique are on the run and some are undergoing trial with her in the United Kingdom,” Magu revealed. He added, “They are on the run at the moment but we will get them.”
Meanwhile, the Senate on Tuesday gave all standing committees one week to present and defend reports of the 2017 Budget of Ministries, Agencies and Departments (MDAs) under them before the Committee on Appropriation.
“Our advice however is that government should not politicize it, they should identify those who are already in the business and leverage on their expertise as well as enhance their capacities. Those with some kind of experience will be easier to train for the pilot scheme and we shall be more than willing to work with government to showcase our skills, before now they had branded us illegal.”
The former presidential aide, whose analysis in the letter put daily dollar demand for the importation of petrol, added, “Under this (crude oil swap) scheme, we will therefore remove a demand of $14m per day or $420m per month from the aggregate import demand for Forex by the petroleum and oil marketers.”
He said, “If the amount of empathy, concern and commitment to the people in the Niger Delta and their plight shown by the Buhari administration had been shown by past governments, there would have been no reason for agitations in the region. All that the people require and are asking for is basic development and understanding which is what the Buhari administration is offering.”
he document stated that “The ERGP has set a GDP growth target of 4.62 per cent average annual growth between now and 2020. From the estimated negative growth of -1.54 per cent recorded in 2016, the real GDP is projected to grow to 2.19 per cent in 2017 and 4.8 per cent in 2018, before peaking at 7.0 per cent in 2020.”
Kragha said, “Because of what is happening and the global trend, President Muhammadu Buhari gave approval for strategic investments to be made in the refineries. So, the investment model is basically this way: strategic investors who can bring refining expertise and funding will partner local players with downstream experience to actually go into the refineries, invest money and within 24 months to get us to 90 per cent capacity utilisation.”
The park, originally conceived by NNPC, is located about 60km from Warri, and is about 1km away from the operational base of Chevron Nigeria Limited. It will be connected to over 18 trillion Cubic Feet of gas reserves in fields such as Odidi, Okan, Forcados, located within a 50km radius.
“This year’s event will be unique in several respects. We are expecting about 6,000 conference delegates, 250 exhibitors, over 20 countries will be participating and these countries cut across all continents. Many oil and gas experts, thousands of media colleagues and hundreds of government representatives from different countries will also be in attendance. NNPC is a major sponsor and we have ensured that adequate preparation is on ground for the conference.”
