Nigeria loses Petroleum products worth N15 71bn to vandalism in 2020 naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
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’Femi Asu
With the challenge of pipeline vandalism lingering in the country, the Nigerian National Petroleum Corporation spent almost N50bn to repair and manage pipelines in 10 months.
The NNPC’s latest monthly report showed that a total of 363 vandalised points were recorded from January to October 2020.
The corporation spent N5.48bn on pipeline repairs and management cost in January; N6.74bn in February; N7.69bn in March; N7.84bn in April; N7.99bn in May and N6.24bn in June.
It spent N1.80bn in July; N1.49bn in August; and N4.41bn in October. No repairs and management cost was incurred in September, the report showed.
96 companies bid for rehabilitation of NNPC s downstream infrastructure nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.
96 companies bid for rehabilitation of NNPC downstream infrastructure 96 companies bid for rehabilitation of NNPC downstream infrastructure
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The Nigerian National Petroleum Corporation (NNPC), on Thursday, said 96 prominent and reputable companies from various jurisdictions across the country have indicated an interest in undertaking the rehabilitation of its downstream infrastructure.
These include critical pipelines to depots and terminals through the Build, Operate and Transfer (BOT) financing model.
The Managing Director, Nigerian Pipelines and Storage Company (NPSC), Mrs Ada Oyetunde, disclosed this at a virtual public bid opening exercise held at the NNPC Towers, Abuja for the pre-qualification of companies for the contract.