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JUST IN: An End To Crude Oil Theft in Nigeria Underway – Uzodinma
The Chairman of the National Executive Council (NEC) Committee on Crude Oil Theft and Management, Hope Uzodinma, said Thursday, ‘there is an end in sight to crude oil theft in Nigeria.”
Uzodinma – the Governor of Imo State, who gave this assurance, described crude oil theft in Nigeria as a “monster”, that the menace is particularly worrisome, and tackling it decisively will improve the oil production profile of the country.
Uzodinma , had after a meeting of the Committee in Abuja, also ruled out the importation of crude oil in Nigeria but expressed optimism of an end to it.
He said that the report of the committee, if implemented by NEC will stop crude oil theft in Nigeria.
The committee had during its last meeting in January 2024 developed an action plan and roadmap that would be used to confront crude oil theft head on, and resolved to identify the areas of leakages, likely causes and way forward.
He said, “This is Sub-Committee on National Economic Council and our job is really to look into crude oil theft, and prevention of the theft. Arising from that, we did a lot of fact findings, we made a lot of consultations. We spoke to critical stakeholders and we are beginning to see light at the end of the tunnel.
“It is our hope that at the end of this assignment, we will put together a report that is very bold and courageous that will be useful to NEC, and if implemented, will stop this monster called crude oil theft. Then, our natural resources endowed by God, oil and gas, we will be able to tap into it and develop our country.
“The implications of increasing production and reducing losses is that we will become more solvent, our Naira will also be stronger and access to foreign exchange easy. In consequence of that, the cost of living will come down, and prices will begin to come down, inflation will also begin to reduced.”
“Nigeria Not Importing Crude Oil”
Uzodinma said, “I don’t think and I have never seen it anywhere that Nigeria is going to import or is importing crude oil. Of course, the sector is gradually being deregulated.
In our private refineries, of course under the open market system, private refineries can buy their crude oil from any market, anywhere in the world.
But for Nigeria as a country, currently we are exporting crude oil, I pray that there will be a day when we begin to import crude oil to augment what we have for the purpose of manufacturing and stimulating our economic activities.
“In South Korea, they have 22 refineries, and they don’t produce one barrel of crude oil. All the crude oil they use for processing or for servicing the refineries are all imported and it is defined and developed economy.
President Bola Tinubu has approved a one-year extension for the Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi. Originally set to end in August 2025, his tenure will now continue until August 2026.
According to a statement signed by Special Adviser Bayo Onanuga, the extension aims to give Mr. Adeniyi the opportunity to consolidate key reforms and oversee the completion of major initiatives, including the modernisation of Customs operations, the National Single Window Project, and Nigeria’s obligations under the African Continental Free Trade Area (AfCFTA).
President Tinubu commended Adeniyi’s leadership and expressed confidence that the extension would bolster trade facilitation, boost revenue generation, and enhance border security.
Appointed Comptroller-General in October 2023, Adeniyi recently achieved international recognition when he was elected Chairperson of the Council of the World Customs Organization, the highest decision-making body in global customs affairs.
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Kogi Governor Commends President Tinubu over Abuja-Lokoja Road Reconstruction
The Governor also commended the Works Minister, Engr Dave Imahi for the quality of job on the road.
The Governor of Kogi State, His Excellency Alh. Ahmed Usman Ododo has commended President Bola Ahmed Tinubu for showing unparalleled commitment towards the completion of the Abuja-Lokoja road Reconstruction, saying his action has demonstrated his unwavering determination to fix the nation’s infrastructure deficit.
The Governor while inspecting a section of the road at Kotonkarfe in Kogi State said the President represents a “coalition of excellence”.
“This is our own coalition. This is what our President is doing and we are grateful to him. This is development”, he said.
The Governor also commended the Works Minister, Engr Dave Imahi for the quality of job on the road.
The Wife of the President Oluremi Remi Tinubu has donated the sum of one billion naira to victims of the horrific Yelwata attack in Benue State.
Oluremi Tinubu who announced the donation during her condolence visit to the state, described the killings as very unnecessary.
About 6 weeks after the heart wretching attack on Yelwata community of Guma local council of Benue State State Wife of the President Oluremi Tinubu visits to pay her condolence.
She proceeds to the new banquet hall of the Government house Makurdi where she meets with relevant stakeholders and makes a significant donation on behalf of council of the renewed hope agenda initiative.
Earlier State Governor Hyacinth Alia while appreciating the show of sympathy by the first family renewed his call for the establishment of State police.
Chairman State Council Of Chiefs the Tor Tiv Orchivirigh James Ayatse wants the killer terrorists flushed out of the State and neighbouring Nassarawa State.
He equally called for compensation for victims to rebuild their lives and return back to their ancestral homes.
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