NNPC: We Have No Plan to Sell Port Harcourt Refinery Blames former leadership for operating plant before completion Says refinery will require advanced technical partners
Emmanuel Addeh in Abuja
The Nigerian National Petroleum Company Limited (NNPC) yesterday
officially ruled out any plan to sell the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation
and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC, Bayo Ojulari, announced this at a company-wide
town hall meeting at the NNPC Towers, Abuja, a statement by the company stated. Ojulari stated that the position
wasn’t a shift, but informed by ongoing detailed technical and financial reviews of the Port Harcourt, Kaduna and Warri refineries.
The ongoing review, he said, indicated that the earlier decision Continued on page 39
Thursday 31 July, 2025 Vol 30. No 11071. Price: N400
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We’ll Exert Our Democratic Rights to Get Tinubu Out of Power in 2027, Says Lukman... Page 42
Presidency: Ex-ADC Chair’s Claim of Being Offered 3 Ministerial Slots False, Unfounded Nwosu fails to provide any evidence to support wild claim
Deji Elumoye and Alex Enumah in Abuja
The Presidency, last night, described as false and unsubstantiated, the claim by a former National Chairman of
the African Democratic Congress (ADC), Ralph Nwosu, that he was offered three ministerial slots to back
out of plans to align the ADC with the opposition coalition. A claim he (Nwosu) failed to
provide to back up when questioned on ARISETV yesterday. Responding through his verified X
handle, Special Adviser to President Continued on page 39
Bagudu: Revenue Allocation to North Improved Under Tinubu, President Fair to All
Says net distribution to sub-nationals rose to N991bn in June, from N458.8bn in May 2023 Revenue to North-central jumps 145%, North-east by 149%, North-west by 143% Participants at SABMF engagement laud Tinubu, seek action on education, infrastructure
Emmanuel Addeh, James Emejo in Abuja and John Shiklam in Kaduna Minister of Budget and Economic Planning, Senator Abubakar Bagudu, yesterday said the total net statutory revenue and Value Added Tax (VAT) allocation to states and local governments increased to N991.81 billion in June 2025, from N458.81 billion in May 2023. Bagudu said this reflected an increase of N533 billion or 116.17 per cent across the federation. He stressed that the figure excluded Electronic Money Transfer (EMT) levy, FX gains, and augmentations received by states. The minister said the north made more significant economic progress under President Bola Tinubu, leading to massive debt reduction by the states. Bagudu spoke in Kaduna during a presentation at a two-day interacContinued on page 39
UNITED NATIONS 6TH WORLD CONFERENCE OF SPEAKERS...
L-R: Senate President, Mr. Godswill Akpabio; Speaker, House of Representatives, Mr. Tajudeen Abbas; and Chairman, Inter-Parliamentary Worldwide, Senator Jimoh Ibrahim, at the United Nations 6th World Conference of Speakers in Geneva…recently