(1/2) As of 2015, NNPC was owing more than $6 billion in unpaid Cash Calls for JVs with IOCs. @IbeKachikwu negotiated a nice discount & repayment plan. @DrMKBaru (RIP) and @MKKyari have continued the payments. As of Q4 2020, more than $3 billion of post-discount arrears paid off.
(2/2)

Mobil’s arrears fully cleared: google.com/amp/s/mobile.r…

Outstanding ones include arrears owed SPDC, CNL, TOTAL and NAOC. All will be paid.

[Even during the years of $100 oil nobody thought it made sense to keep up with Cash Call obligations or clear outstandings]
References/Addendum: (Been following this for a few years):

1.

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More from @toluogunlesi

26 May
HE Mohamed Younis Menfi, President of the Libyan Presidential Council, is visiting President Buhari this morning. #AsoVillaToday
Arrival of HE Mohamed Younis Menfi, President of the Libyan Presidential Council. #AsoVillaToday 🇱🇾🇳🇬
Arrival of HE Mohamed Younis Menfi, President of the Libyan Presidential Council. Photographs with President Buhari, before the bilateral meeting. #AsoVillaToday
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24 May
President Faustin-Archange Touadéra of the Central African Republic (CAR) is visiting President @MBuhari at the State House, this afternoon #AsoVillaToday
President Touadera: I’m here at the invitation of Pres. Buhari for the Lake Chad Basin Summit & to discuss issue concerning Lake Chad and wider subregion, and also relations between our two countries. Thank you for the warm hospitality from the government and people of Nigeria. Image
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24 May
I’ve been on this Lagos-Ogun business for a while. Really excites me!

A #thread
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21 May
Update on planned Inland Dry Port in Moniya, Ibadan, to serve #LagosIbadanRail:

"If Oyo State is not interested, let us know, so we can talk to another State." -@ChibuikeAmaechi

"Please don't negotiate with Ogun, we want you to partner with us on this." -@seyiamakinde

#Thread
HM @ChibuikeAmaechi visited the Inland Dry Port (IDP) site in Moniya today. Complained to Governor Makinde that entry is being denied to the Port site, only 40 hectares accessible out of the 90 hectares that the late Gov. Ajimobi made available and granted C-of-O for.
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19 May
Lee Evans, 74, US Olympic Gold Medalist, was having dinner in Abeokuta a little over a week ago, w/ a group including @Mathematical7 (one of greatest footballers out of Africa), when he suffered a stroke & slumped. He died today at Babcock Uni Teaching Hospital, Ilishan.

#Thread
Turns out Odegbami had written about it.

“I am writing this Wednesday night In Abeokuta. I have just returned from Babcock Uni Teaching hospital, Ilishan. Lee Evans is lying in the Emergency ward of the hospital, attached to several tubes and gadgets...” mathematical7.com/m7/lee-evans-m…
Evans’ @nytimes Obituary, today: nytimes.com/2021/05/19/spo…
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15 May
President Macron is convening a hybrid (virtual/in-person) summit on Financing African Economies, May 18, in Paris. France is pushing for greater financial support for African countries, against backdrop of Covid. President Buhari will be attending in person. #PMBinParis
“We are working for a new, more sustainable, more fair way to finance, to fund African economies. President Macron is organising a summit on this specific issue in May, which is very important for us.” — @franckriester, during his recent visit to Nigeria google.com/amp/s/www.thea…
Per @TheAfricaReport: ‘“We want to invest all over Nigeria, not only in Lagos or Abuja. Nigeria is a huge market,” says Riester. He also stressed that France wants to go farther beyond the Francophone parts of Africa, where it is already well represented.’
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