New FPSO Targets 100,000 bpd Output, Lokpobiri Lauds NNPC for Driving Oil Growth NNPC’s Utapate crude grade hits global market with five cargoes exported to Spain, United States
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, yesterday
said that Nigeria's quest to boost crude oil production was making significant strides.
He stated that this has become even more apparent, given that Abigail Joseph
Floating Production Storage and Offloading (FPSO) facility, operated by the Nigerian
National Petroleum Company Continued on page 5
Peter Obi: Nigeria Can Feed Herself with Massive Investment in Agriculture...
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Thursday, November 21, 2024 Vol 29. No 10819. Price: N400
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PDP Governors Meet Saturday Ahead 99th NEC to Decide Damagum’s Fate...
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FAAC Disburses N1.41tn October Revenue as Federation Account Grosses N2.668tn
Ndubuisi Francis in Abuja
The Federation Accounts Allocation Committee (FAAC) yesterday disbursed a total sum of N1.411 trillion to the three
tiers of government and other relevant stakeholders, for the month of October 2024. The disbursed amount was N1.257 trillion less than the gross revenue garnered during
the month under review. It showed that Oil and Gas Royalty, Excise Duty, Value VAT, Import Duty, Petroleum Profit Tax(PPT), and Companies Income Tax (CIT) increased
significantly in October. The Office of the Accountant General of the Federation (OAGF), citing a communique, stated that the revenue sharing took place during the FAAC
November 2024 meeting held The FAAC meeting was held in Bauchi State. after the 2024 National Council The meeting was chaired by on Finance and Economic the Accountant General of the Development (NACOFED) Federation. Dr. Oluwatoyin Continued on page 5 Madein.
ACF: Tinubu’s Policies Insensitive, They’ve Worsened Arewa People’s Poor Conditions
Advises president to review reforms, give it human face Insists north’s interest best served by northerners Dismisses leadership selection process as flawed, worries about basing politics on personalities, and not issues
John Shiklam in Kaduna
Arewa Consultative Forum (ACF), yesterday, told President Bola Ahmed Tinubu that his economic policies were insensitive to the precarious existential conditions of the north, lamenting that they had worsened the plight of the people. ACF made its position known in a communique issued at the end of a National Executive Council (NEC) meeting yesterday in Kaduna. In the communique signed by its spokesperson, Tukur Muhammad-Baba, the organisation advised Tinubu to review his economic reforms and give them a human face, insisting that north’s interests are best served by northerners. While interrogating the L-R: Leader of the Senate, Senator Opeyemi Bamidele; Chinese Deputy Head of Mission in Nigeria, Mr. Zhang Yi; Chinese Ambassador to Nigeria, Mr. YU Dunhai; President of the Senate, Senator Godswill Akpabio; Deputy President of the Senate, Senator Barau I. Jubrin and Chief Whip of the Senate, Senator Tahir Munguno during a courtesy visit to the leadership of the Senate Continued on page 5 at the New Senate Wing, Abuja … yesterday
CHINESE EMBASSY PAYS COURTESY VISIT TO SENATE LEADERSHIP...
Jimoh Ibrahim: $2bn Insignificant, Nigeria Needs to Borrow over $50bn...
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