Business

Imo Govt, German firm sign pact on clean environment management

Published

4 months ago

May 11, 2024

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The Government of Imo State and a popular German firm called Eastern Waste Management Company Limited have entered into a pact on how to achieve a clean, hygienic and environmentally friendly State via proper waste gathering and recycling.

Beyond achieving a clean, hygienic and environmentally friendly Imo State, the Company has also committed to the creation of employment within the ecosystem.

The Imo State government and the German firm formally signed the Memorandum of Understanding (MOU) to seal the deal in the office of the Governor of Imo State, Sen. Hope Uzodimma in Owerri on Friday.

The Secretary to the Imo State Government, Chief Cosmos Iwu and the Commissioner for Environment and Sanitation, Barr. Majority Emenike signed on behalf of the Imo State government while Njoku Cyril Uche and Agbi Isimeme, Managing Director and Deputy Managing Director respectively, signed for their German counterparts.

Addressing the audience prior the signing ceremony, Governor Uzodimma said that his government entered into the agreement with the Company “to ensure Imo people enjoy clean and hygienic environment, relying on the past performance of the Company in other States and even the pilot performance they carried out in some parts of the State recently.”

He explained that Imo State Government passed the Private Public Partnership (PPP), Law No 11 in 2018, “to enable government partner with private establishments to optimise values and utilisation of opportunities for the people.”

The Governor noted that government has a responsibility to identify partners that are known and have track records of performance and achievements and maintained that the Eastern Waste Management Company Limited has been brought to introduce cleanliness, hygiene to the Imo State environment and to facilitate job creation.

He emphasised that funding and the cost of keeping the environment clean in relation to lean resources of the State have made it necessary that government partners with companies and agencies in critical areas as to achieve result.

Governor Uzodimma said that the agreement had been vetted by the Attorney General of the State and that he has no hesitation in committing the government to the partnership.

He therefore urged the technical and financial partners to live up to the expectations “so that our people will get maximum benefit of the project.”

Earlier , the leader of the team, Rev. Fr. (Dr.) Gerald Njoku informed that the Eastern Waste Management Company Limited has capacity in waste gathering and recycling as well as expertise in the areas of clean environment and eco-system management.

Reverend Njoku added that the activities of the firm Imo State will be broad-based because ‘they will bring in equipment that will burn and recycle waste using incinerators.”

“Their activities will, in addition, create jobs for the teaming unemployed youths who will be engaged in the various areas of the Company’s project.”

Oguwike Nwachuku
Chief Press Secretary and Media Adviser to the Governor
May 10, 2024.

Business

It is illegal for NNPCL to fix price of Dangote petrol – Falana

Published

3 days ago

September 17, 2024

Ekwutos Blog

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Human rights lawyer, Femi Falana, SAN, says it is illegal for the Nigerian National Petroleum Company Limited, NNPCL, to determine the price of Premium Motor Spirit, also known as petrol, for the Dangote Refinery after deregulation.

Falana, who said this in a statement on Tuesday, added that the action of the NNPCL contravenes Section 205 of the Petroleum Industry Act, PIA.

“On September 5, 2024, the Nigerian National Petroleum Corporation Limited (NNPCL) stated that foreign exchange (forex) illiquidity had been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS) governed by unrestrained market forces, as provided for in the Petroleum Industry Act, PIA.

“The NNPCL was explaining the pump price of PMS imported into the country at the material time. Specifically, the Executive Vice President of Downstream NNPC Ltd Mr. Adedapo Segun, explained that Section 205 of the PIA, which established NNPC Ltd, stipulated that petroleum prices were determined by free market forces.

“But contrary to the well-publicised statement, the NNPCL has fixed the price of PMS produced by the Dangote Refinery and Petrochemical Company Limited. The action of the NNPCL is a violent contravention of section 205 of the PIA, which stipulates that the prices of petroleum products shall be determined by market forces.

“Furthermore, since the petrol sold by Dangote is not imported into the country but produced at the Lekki Economic Free Trade Zone, the NNPCL cannot justify the sale of petrol at N950 per litre without freight cost, lightering cost, jetty depot fees, storage fees, foreign exchange costs, NPA charges: NIMASA charges, Customs duties etc,” he said.

Falana’s outburst followed the commencement of PMS lifting by the NNPCL from the Dangote Refinery.

DAILY POST recalls that as soon as lifting commenced, NNPCL announced that the product would sell for N950 per litre in Lagos State and its environs, and above N1,000 per litre in states such as Borno.

Reacting, the Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday, criticised NNPCL, saying it was not right for petrol lifted from the Dangote Refinery to cost higher than imported ones.

Business

Dangote refinery: Naira transaction for PMS to begin October 1st – NNPC

Published

4 days ago

September 16, 2024

Ekwutos Blog

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The Nigerian government has announced that it will begin paying Dangote Refinery in Naira for petrol supply starting October 1st.

This decision was made after a meeting with the Implementation Committee on the Naira crude oil sale.

The government also disclosed that the Dangote Refinery and other local refiners in Nigeria will begin to buy crude oil from the Nigerian National Petroleum Company (NNPC) Limited on October 1, 2024.

The NNPC will supply approximately 385,000 barrels per day of crude oil to the Dangote Refinery, which will be paid for in Naira.

Business

Dangote Refinery plans sea transport for 75% of local supply, targeting Warri, Port Harcourt, and Calabar

Published

4 days ago

September 16, 2024

Ekwutos Blog

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Dangote Refinery has announced plans to transport 75% of its local petroleum product supply via sea routes, targeting key locations like Warri, Port Harcourt, and Calabar.

This shift to sea transportation aims to reduce the higher costs associated with road distribution.

The refinery has the capacity to load 83% of its products by road, but it is ramping up efforts to evacuate nearly all production by sea.