“We will procure the products and we will sell to the state, and will be step on step with the country and literally, I’ve seen no indication at this point in time that the state is ready to change any price of petroleum products. It has nothing to do with our operations.
“We will procure the products and we will sell to the state, and will be step on step with the country and literally, I’ve seen no indication at this point in time that the state is ready to change any price of petroleum products. It has nothing to do with our operations.
“For us, what it really means is that this is business for us. We’ll charge them a fee and at any point, so that the company can make money on behalf of its shareholders,”
“Actually it now becomes more demanding to be more transparent. NNPC is a partner company for the global EITI initiative, like very many other private companies that voluntarily chose to become partner company to the EITI.
“We believe that this is good for our company, we will continue to sustain this. And as a matter of fact, as you may be aware, we’re the only company that publishes its operational reports: production, sales and everything on a monthly basis,”
“We’re happy telling people that this is who we are. This is what we’re trying to do and on their behalf and also because companies and partners, particularly the lending community, the global energy community would like to see what you’re doing.
“Once they do, trust becomes higher and your ability to access capital becomes real and easier. And ultimately it gives you all the advantage that you require, so you lose nothing by being transparent,” @MKKyari
#NNPCLimited #NNPCTheRebirth #EnergyForToday

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More from @NigeriaGov

Jul 19
STATE HOUSE PRESS RELEASE

NEW @nnpclimited WILL GUARANTEE NATIONAL ENERGY SECURITY, PRESIDENT @MBuhari DECLARES AT UNVEILING OF AFRICA’S LARGEST NATIONAL OIL COMPANY
President @MBuhari Tuesday in Abuja unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed.
Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.
Read 25 tweets
Jun 29
“With effect from 1st June 2022, the FGN has commenced implementation of a new three-year tobacco tax regime, which will end in 2024. This new regime increased the Ad-Valorem tax rate from 20% to 30%.” — @Fmohnigeria

#Thread
“In addition to the 30% ad-valorem, a specific excise rate has been increased from ₦58 to ₦84 per pack of 20 sticks of cigarette, and this will further be increased to ₦94 per pack in 2023; and then ₦104 per pack in 2024.”
“Also, Shisha is now taxed at the rate of ₦3,000 per litre and ₦1,000 per kilogram and this will be increased yearly by ₦500. This pro-health tax is an effective public health control measure against behavioural risk factors…” — @Fmohnigeria
Read 4 tweets
May 13
PRESIDENT BUHARI REACTS TO SOKOTO KILLING LINKED TO ALLEGED BLASPHEMY, SAYS VIOLENCE DOES NOT SOLVE PROBLEMS
President @MBuhari strongly condemns the resort to self-help by the mob in sokoto, resulting in violence, destruction and killing of a second year student of Shehu Shagari College of Education, Sokoto, Deborah Samuel, following an allegation…
…that she had blasphemed Muhammad (SAW), the Prophet of Islam on Thursday.
Read 11 tweets
Apr 27
STATE HOUSE PRESS RELEASE

@AfDB_Group Mobilizes $540m for Nigeria to Develop Special Agro-Industrial Processing Zones

@AfDB_Group will support Nigeria to develop Special Agro-Industrial Processing Zones, as part of the quest for food security in the country.
.@akin_adesina, President of the Bank and a former Minister of Agriculture, disclosed this while briefing President @MBuhari at State House, Abuja, on Tuesday.
“We have decided to mobilize $540 for the program. @AfDB_Group has approved a total of $210 million. The Islamic Development Bank, and @IFAD have approved $170 million, and $160 million respectively, towards the program.” @akin_adesina
Read 5 tweets
Mar 21
Few things to know about the Dangote Fertilizer Plant in Lagos.

Dangote Fertiliser Plant is Africa’s largest Granulated Urea Fertiliser complex. The plant occupies 500 hectares of land in Lekki Free Trade Zone, Lagos Nigeria. It was built at a cost of $2.5 Billion.
In the course of its construction, the complex provided about 5,000 direct and indirect jobs in all categories; an additional 5,000 jobs within the community and also created 500 permanent jobs.
Dangote Fertiliser will help Nigeria to retain $125 million in import substitution and provide $625 million from exports of products from the fertiliser plant.
Read 8 tweets
Feb 27
STATE HOUSE PRESS RELEASE

STATEMENT ON NIGERIAN AND CITIZENS OF OTHER AFRICAN COUNTRIES IN UKRAINE Image
While efforts to begin talks between Russia and Ukraine are underway, paramount on our minds is the safety and human rights of some four thousand Nigerian citizens and many others from friendly African nations today stranded in Ukraine.
There is a long history dating back to decades of Nigerians and other Africans studying in Ukraine, particularly medicine. The majority of Nigerian citizens in the country today are university-enrolled students.
Read 15 tweets

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