Business

Gombe state Governor, Inuwa Yahaya signs 2023 budget into law

Published

2 years ago

December 17, 2022 11:05 am

BodexNG

Gombe State Governor, Muhammadu Inuwa Yahaya the 2023 Appropriation Act of one hundred and Seventy Six billion, Sixteen million, Two hundred and Two thousand Naira ( 176, 016, 202, 000, 00) as passed by the State House of Assembly.

The initial budget proposal of One Hundred and Seventy Three billion Six hundred and Ninety Seven million Two hundred and forty two thousand (173, 697, 242, 000,00) had an increase of over two billion naira.

Speaking shortly after signing the budget at the Council Chamber of the Government House, Governor Inuwa Yahaya attributed the expeditious passage of the law to harmonious relationship between the Executive and the Legislature in the state.

The Governor noted that this development bbsignals a new dawn that will guide and direct government operations in 2023 fiscal year.

He described the 2023 budget as a collaborative approach between the Executive and the Legislature right from its conceptualization, drafting and eventual passage and assent into law.

“The House has been collaborating positively with this government ever since we started and I believe we shall collaborate to the last day, the cooperation and understanding we have together and the excellent relationship that we have are what made us move, not only a step but many steps ahead of many states”.

Governor Inuwa Yahaya remarked that his administration will continue to work in partnership with the State House of Assembly for speedy passage of the State budget estimates in the interest of transparency, accountability and service delivery to the people.

He said unless and until all arms of government work in synergy with each other, delivering the dividends of democracy to the people will remain a mirage.

The Governor described the progress so far recorded in the state as pleasing and in tandem with his administration’s commitment to engender social, economic and infrastructural development to the people.

“I will like to equally pledge to the people that this government is the government of the people and we shall assiduously work to see to implementation of this law because it is our own law and making”.

Business

Port Harcourt Refinery begins crude oil processing

Published

5 mins ago

November 26, 2024 12:52 pm

BodexNG

The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing.

The Chief Corporate Communications Officer of the compaanyy, Femi Soneye, broke the news on Tuesday.

Soneye revealed that the refinery will operate at 60 percent capacity and process 60,000bpd.

https://twitter.com/FM_Soneye/status/1861330633831620917?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1861330633831620917%7Ctwgr%5E776845f88f6fa6dd3c70082f4da1ee2632656999%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vanguardngr.com%2F2024%2F11%2Fbreaking-port-harcourt-refinery-begins-crude-oil-processing%2F

“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye said on Tuesday.

“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”

Soneye added that truck loading will commence on Tuesday (today), adding that the NNPCL is also “working tirelessly to bring the Warri Refinery back online soon”.

Business

Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS

Published

23 hours ago

November 25, 2024 1:29 pm

BodexNG

The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.

The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.

Business

Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers

Published

1 day ago

November 25, 2024 11:01 am

BodexNG

The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.

This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.

The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.

Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others