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Nigeria To Start Petrol Imports From Niger Republic

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Nigeria To Start Petrol Imports From Niger Republic

Nigeria has reached a consensus with the Niger Republic for the transportation of imported petroleum products.

The Ministry of Petroleum Resources explained this in a statement, saying “The Federal Government of Nigeria and the Republic of Niger have signed a Memorandum of Understanding (MoU) for petroleum products transportation and storage.”

President Muhammadu Buhari and President Mahamadou Issoufou came into an agreement after talks had been on-going between both countries for over four months through the Nigerian National Petroleum Corporation and Niger Republic’s National Oil Company.

Read Also: Economist Canvasses Price War Against Imported Rice

Niger Republic’s Soraz Refinery in Zinder, some 260km from the Nigerian border, has an installed refining capacity of 20,000 barrels per day.

Niger’s total domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 BPD, mostly for export.

Statement by the GGM/SA Media to the Minister of State for Petroleum Resources, Garba Deen Muhammad, explained the MoU was signed by the GMD NNPC, Mallam Mele Kyari, and the Director-General of SONIDEP, Alio Toune.

The MoU got signed under the supervision of the Ministers of State for Petroleum, Çhief Timipre Sylva and Foumakoye Gado, respectively with the Secretary-General of the African Petroleum Producers Organisation (APPO), Dr. Omar Farouk Ibrahim in attendance.

Speaking shortly after the MoU signing, Sylva expressed delight over the development, describing it as another huge step in developing trade relations between both countries.

Read Also: Gov. Bello Presents N151.2bn Budget to Niger Assembly

Also commenting on the development, the Secretary-General of African Petroleum Producers Organisation (APPO), Dr. Omar Ibrahim, said he could not be happier with what he witnessed in terms of co-operation and collaboration between the two APPO member countries in the area of hydrocarbons.

“I want to commend the Federal Republic of Nigeria and the Republic of Niger and their leadership for this milestone.”

Kyari said the two countries have had long engagements in the last four to five months with a view to restoring the importation of petroleum products (excess production) from Niger into Nigeria.

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Daily Headline News (Wednesday, 22-9-2021)

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VAT In Nigeria: Elders Says Northern Region Can Survive Without South

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VAT In Nigeria: Elders Say Northern Region Can Survive Without South

Value Added Tax (VAT) in Nigeria controversy appears to have taken a new turn, as Northern Elders Forum (NEF) said the country’s region could survive without money from the southern part.

Dr Hakeem Baba-Ahmed, NEF Director of Publicity and Advocacy, made this known during an interview on Arise TV’s ‘The Morning Show’ breakfast programme, as he reacted to the issue some states were having with the federal government on VAT in Nigeria.

His words: “I will advise that we wait to hear what the court says. However, even the fact that it has become an issue suggests that we really do need to address the fundamentals and the manner in which the federation works.

“We have always supported restructuring. We have always asked that a major and genuine shift initiative either by groups or the National Assembly so that matters like this be addressed properly.

“If we don’t do that now, then we should get a leader that would do that in 2023. This administration appears not to understand the importance of restructuring; we do in the north, we recognise the fact that we need to change the manner in which we generate wealth and allocate (it).

“The thing about is: the north wants restructuring; the north wants fiscal federalism. We are a rich region and we can live on what we have, even if we don’t have the billions that accrue to others states. Our poverty is not a kind of problem that we would break this country over.”

Maintaining that the VAT in Nigeria tussle is a wake-up call to northern governors, Bala-Ahmed charged them to develop sustainable resources and encourage human capital development in the region.

The NEF spokesman continued, “North, you said you have many people but you are under-developing your own people – the biggest liability of the north is that we have a huge population that is under-developed. You need to develop the human capital that you have.

“We need leaders, the current governors don’t recognise this. Otherwise, they won’t be involved in this argument; allow the court to decide.”

“But for goodness sake, (they should) begin to think — what else can we do if the court decides now that Rivers State is right, Lagos State is right, and they won’t be getting all these billions coming in from VAT? What happens?” he queried.

Recent events about VAT in Nigeria

Recently, Governor Nyesom Wike of Rivers dragged the federal government to court over the allocation of revenue generated from VAT in Nigeria.

Wike argued that his government should be the legitimate collector of the tax type and not the Federal Inland Revenue Service (FIRS), as the case is.

Surprisingly to members of the public, Governor Babajide Sanwo-Olu of Lagos joined in the suit against the federal government. In fact, days after Justice Stephem Pam of a Federal High Court sitting in Port Harcourt ruled that Rivers State government had the powers to collect VAT within its territory, Sanwo-Olu signed the controversial VAT bill into law.

In a previous report, Newsrand detailed everything about VAT.

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Buhari To Present Nigeria’s Statement At The UN General Assembly, As Second Speaker On Friday

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Buhari To Present Nigeria’s Statement At The UN General Assembly, As Second Speaker On Friday

President Muhammadu Buhari who arrived in New York on Sunday, to participate in the ongoing 76th Session of the UN General Assembly, is to present Nigeria’s statement to the General Assembly on Friday, Sept. 24.

The Nigerian leader would be the second speaker on the fourth day and would deliver his address around 9 a.m. (around 2 p.m. Nigerian time) to other world leaders at the morning session.

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He had earlier attended the opening of the General Debate of the 76th session of the General Assembly.

Buhari was accompanied by the Minister of Foreign Affairs, Geoffrey Onyeama, Permanent Representative of Nigeria to the UN, Prof. Tijjani Muhammad-Bande, and Head of Chancery of the Permanent Mission, Muyiwa Onifade.

No fewer than 100 heads of state attended the General Debate in person in New York, while others spoke through pre-recorded videos, the UN correspondent of the News Agency of Nigeria reports.

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