‘Nigeria Will Stop Fuel Importation By 2019’ – Kachikwu

Mr Ibe Kachikwu, the Minister of State for Petroleum Resources has said that Nigeria will stop importing refined petroleum products by 2019.



Kachikwu made the disclosure at a public hearing on the review of petroleum pricing template for Premium Motor Spirit (PMS) organised by the House of Representatives on Tuesday in Abuja.

He said that within two years, the Federal Government revived refineries that were non-functional to contribute about eight million out of over 20 million litres of petrol consumed in the country daily.

He explained that the Federal Government initiated a model which attracted foreign investors to partner with the Nigeria National Petroleum Corporation (NNPC) to repair the country’s refineries within the two years period.

“This has consistently served as a target for this government so that by December 2018, NNPC must be able to deliver on some of the terms given them, one of which is to reduce petroleum importation by 60 per cent.

“By 2019, we should be able to exist completely on the importation of petroleum products in this country.

“Cognisant of the fact that Dangote is building one refinery, we expect to have an excess situation,’’ he said.
The minister said that Nigeria must also have the capacity to stop exporting crude oil.

According to him, selling crude oil is not different from selling agricultural produce in an unprocessed manner.

“The world is leaving that, every member of OPEC is leaving that because of the pricing, volume and market challenges is now shifting from selling crude to selling refined petroleum products.

“That is what this country must do and there is a template we are working on.

He further said that the ministry intended to create an enabling environment that would promote local refining of crude oil.

“The issue is not giving licences to illegality, the issue is how do we ensure that we create an investment environment that pulls individuals from illegal creek activities to legal business activities.

“We are looking at modular refineries, about 60 licences were given out just before this government came in and none of that was utilised because it requires a lot of money, land and crude security.

“But now we are going out to identify refineries, get individuals who can build refineries on the same platforms where our refineries are and identify some key specific modular refineries backed up by foreign investments working with state governments.

“Hopefully this will address the restiveness you see in the Niger Delta,’’ the minister said.

On the possibility of reducing the fuel pump price, Kachikwu said there was no padding in the petroleum pricing template for PMS currently sold at N145 per litre.

According to him, 71 percent of the cost is for the production and freight, 18 per cent balance is covered by depot charges and retailers margin.

“In other words the storage tanks, the amount you get by verge of operating a filling station takes another 18 per cent, the output of those is already taking you to roughly about 90 per cent.

“The transportation is less than 10 per cent; we probably can do better, the templating is an insignificant 1 per cent or 2 per cent but that’s not where the problem is.

“The problem is with foreign exchange rate. There are two key elements in the template, how much you buy it is internationally fixed, it is not a Nigerian issue the cost of foreign exchange is a monetary policy issue.

“So at the time we did the template the Central Bank of Nigeria (CBN) monetary policy was N245, that was the basis upon which we calculated the pricing, today N305 is the exchange rate.

“And what we have tried to do is to ensure that anybody who sells us foreign exchange follows basically the instructions of the CBN in terms of the amount,’’ he said.

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Apostle Suleman Gets Invitation To White House, To Meet Donald Trump

The Founder and President of Omega Fire Ministry Worldwide, Apostle Johnson Suleman has sent his warm appreciation to Nigerians, Africans and the world in general for their exceptional show of love during his recent encounter with the Department of the State Security (DSS).

Suleman in his thank you message during the kick-off of this year’s edition of the annual ‘The Ebenezer’ programme to mark the ministry’s 13thanniversary, said:

“I’m grateful to all. I never knew I was so loved. For the first time ever, fellow Nigerians behaved like Americans. Nigerians naturally have business-like mentality but I was shocked that on this particular issue, 90 percent of Nigerians spoke with one voice, saying enough is enough.

We were not fighting any government, we just declared our stand that we are not cowards and we cannot be cowed by fear. I was so shocked at the level of strength and courage that I had throughout the period.

And the courage I surmounted was aided by the love and exceptional concern shown me from all over the world. From over 70 nations, I received a lot of phone calls and text messages from people showing their love and compassion. I got messages of love from different people that I have never even met. I got up to 18,000 different text messages. I read and read. The solidarity was overwhelming. I was moved to tears,’ states the man of God.”

Furthering, Apostle Suleman said,

“One thing that first moved me was when I got to Abuja to see the DSS, the crowd I saw almost made me to go into hiding. The crowd was so massive that they were ready to take bullets on my behalf. It moved me.
The love shown was not just about me but for what they believe in and it gave me so much courage and made me to realize that I was not alone. I’m not taking it for granted, that’s why I’m saying thank you to all. I have to confess that I’m yet to recover from that show of affection. I therefore want to enjoin Nigerians that in whatever situation that we find ourselves, they should keep hearing our voice and I want them to know that one day, things would be fine.

Meanwhile, the firebrand cleric will be visiting the White House, the American seat of power, in March. According to a reliable source from the church, Apostle Suleman’s planned visit was on the invitation of the Mayor of Washington.

It was gathered that during the august visit, the man of God will have a prayer session with both the Mayor and the president of the United States, Mr. Donald Trump.

The invitation, the source notes, was in recognition of Suleman’s selfless service and commitment to humanity and delivering souls.

The Ebenezer programme of OFM started on Wednesday 8th of February, 2017, with people from 32 countries of the world arriving Auchi, the headquarters of OFM worldwide. This year’s programme themed ‘From Glory To Glory’ will end on Sunday 12th.

Also, the church is warming up for the birthday celebration of the matriarch of the ministry, Reverend Dr. (Mrs.) Lizzy Suleman on Sunday, February 26th 2017, although the birth date is February 28th.

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Prophet Who Predicted Jonathan’s Defeat Says What Will Happen To Buhari, Agbaje

Osun State-born Prophet, J.K. Hephzibah, otherwise known as Baba Peculiar, who predicted the defeat of Nigeria’s President Goodluck Jonathan in the presidential election has disclosed that the President-Elect, General Muhammadu Buhari needs fervent prayers from Nigerians in order not to die in power like President Umaru Yar’Adua.

The respectable cleric made this known on Saturday, April 4, 2015 in Lagos while addressing national issues.

According to Hephzibah: “One of my seven-point messages to the president-elect, General Muhammadu Buhari, that is been packaged to be released during my miracle night in Lagos in a few days time is that Nigerians should pray for President Buhari in order to avert his death.

“I saw the new president in my vision being kept somewhere for most of his followers to rule this country.”

Baba Peculiar, in his predictions, further said Buhari, as loved by many, is not the messiah to save this country.

He said he would just rule for a period of time to pave the way for God’s chosen person that will take Nigeria to the Promise Land.

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The cleric added: “I see Professor Yemi Osinbajo ruling this country, while General Buhari will just be there like a ceremonial head.

“In fact, Osinbajo also needs to be careful because he would be assassinated by an ex-military Head of State.

“God told me he is giving the mandate to Jimi Agbaje of PDP (Peoples Democratic Party) in Lagos State, but the power that be in APC (All Progressives Congress) will try to upturn the election in their favour and if care is not taken, this may lead to crisis.”

The notable prophet, in his conclusion, urged all men of God to pray for Buhari in order for him to complete is term.

“I implore Nigerian men of God to avoid being used by politicians.

“By doing so, they are playing God and the consequence will not be palatable,” said Hephzibah.

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"BOKO HARAM IS CURENTLY BROKE"-– UN

The destructive Boko Haram insurgency group is currently plagued by financial difficulties, the UN Under-Secretary-General for Political Affairs, Jeffrey Feltman, has said.

Feltman stated this while briefing the Security Council on the UN Secretary-General’s Fourth Report on the threat the group poses to international peace and security efforts to “check and roll it back” on Tuesday

The UN envoy also noted that Boko Haram was under intense military pressure, but warned against undermining its capacity to launch fatal attacks.

“ISIL-affiliate Boko Haram is attempting to spread its influence and commit terrorist acts beyond Nigeria.

“And Boko Haram remains a serious threat, with several thousand fighters at its disposal.

“It is, however, plagued by financial difficulties and an internal power struggle, and has split in two factions,” Feltman said.

While the previous reports on the subject had focused on South East Asia, Yemen and East Africa, Libya and Afghanistan, the fourth report focused on Europe, North Africa and West Africa.

It noted that ISIL had conducted a range of attacks in Europe since declaring in 2014 its intent to target the region.

Some of these attacks were directed and facilitated by ISIL personnel, while others were enabled by ISIL providing guidance or assistance or were inspired through its propaganda, it said.

The report stated that while the military offensive in Libya had dislodged ISIL from its stronghold Sirte, the group’s threat to Libya and neighbouring countries persists.

“Its fighters, estimated to range from several hundred to 3,000, have moved to other parts of the country.

“ISIL has increased its presence in West Africa and the Maghreb, though the group does not control significant amounts of territory in the region.

“The reported pledge of loyalty to ISIL by a splinter faction of Al-Mourabitoun led by Lehbib Ould Ali may elevate the level of the threat.”
Following the increased military pressure, Feltman said ISIL is now on the defensive militarily in several regions, but was also adapting to military pressure by resorting to covert communications such as the ‘dark web’.
“Although its income and the territory under its control are shrinking, ISIL still appears to have sufficient funds to continue fighting,” he warned.
Feltman noted that ISIL relies mainly on income from extortion and hydrocarbon exploitation, even though resources from the latter are on the decline.
According to him, UN Member States are concerned that ISIL will try to expand other sources of income, such as kidnapping for ransom, and increase its reliance on donations.
“ISIL is adapting in several ways to military pressure, resorting to increasingly covert communication and recruitment methods, including by using the ‘dark web,’ encryption and messengers,” he warned.
The report also noted some of the measures taken by Member States and the UN, stressing the need to develop sustained and coordinated responses to the grave threat posed by ISIL and associated groups and entities.
Feltman said that there were 19 universal counter-terrorism conventions and protocols, as well as related regional instruments on international terrorism, and relevant UN General Assembly and Security Council resolutions.
“But we need to do more, as Member States continue to face significant challenges to ensure effective international cooperation,” he said.
He warned that foreign terrorist fighters leaving the conflict could pose a grave risk to their homeland or to the countries they are travelling to or transiting through, such as Iraq and Syria’s neighbours, as well as countries in the Maghreb.
“Ultimately, it is the spread and consolidation of peace, security, development and human rights that will most effectively deprive terrorism of the oxygen it needs to survive,” he concluded. (NAN)

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Buhari’s Wife Opens Up On His Health Status And Why He Visited The UK

Aisha Buhari, wife of Muhammadu Buhari, presidential candidate of the All Progressives Congress, APC has debunked rumours that her husband is ill and being hospitalized in a London hospital; DAILY TIMES reports.

Speaking to newsmen at the Westminster Plaza Hotel, in Waterloo, Mrs Buhari said, ”He’s just come here to rest. He’s just here to have a rest, at least a few days rest before he goes back to business”. ”When asked if her husband was in hospital, she said, ”I’m hearing it for the first time”.

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Home » NIGERIAN NEWS » ‘Some Nigerians Prefer To Be Lied To But They Won’t Get It From Me’ – Femi Adesina ‘Some Nigerians Prefer To Be Lied To But They Won’t Get It From Me’ – Femi Adesina

 Following the attacks he has got for saying he does not speak directly to President Muhammadu Buhari who is in London for medical vacation, Femi Adesina has said some people prefer to be lied to, but such persons will not “get it from this spokesman”.

In a tweet on Wednesday, the Special adviser to the President on media and publicity said he had made an eternal commitment to speak the truth “no matter what”.

“Some folks would rather be lied to. But they won’t get it from this spokesman. An eternal commitment to the truth, no matter what. God rules,” he tweeted.

Lately, Adesina has been under fire over comments made on the health status of his principal, who is in the United Kingdom on a medical vacation.

On Tuesday, Adesina told Channels Television that he does not speak directly with Buhari, but that those around him have said “the president is fine”.

“I’m in touch with London daily, I’m not saying I speak with him direct, but I’m in touch with London daily, people around him we speak daily,” he had said.

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Amplifying Prayer Power By Pastor Paul Enenche Part 1

SO INSPIRING!

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