Kachikwu Recommissions 46km Escravos-Warri Crude Pipeline Says refineries operating at 60% but need $700m to upgrade to 90%
Ernest Chinwo in Port Harcourt, Chineme Okafor in Abuja, Adibe Emenyonu in Warri Minister of State for Petroleum, Ibe Kachikwu, has said the lingering fuel shortages in major cities across the country would
gradually ease off with coming on stream of refineries, which require about $700 million to upgrade and operate at 90 per cent capacity. Kachikwu, who noted this when he re-commissioned the 46-km Escravos-Warri
pipeline, however warned that the long-term solutions would take time. According to him, “It is going to take time because we are addressing a long-term solution. There is a lot of policy issues coming in to ensure that we
resolve this and we would not need to go back to the pipes over again. Kachikwu, who also inaugurated the Bonny–Eleme Refinery crude pipeline to formally bring it on stream, added: “When the upgrade
and repairs, led by the foreign investors, with our joint team, are concluded, our capacity will move from about 50 per cent to about 90 per cent, resulting in movement from 12 million litres to slightly in excess of 20 million litres production per
day. The co-located refineries that we have also advertised, which will be private sector-led, by the time they are attained in about two years, there will be excess of 750,000 barrels Continued on page 8
Defence Chiefs Identify 10 Security Threats in N'Delta... Page 11
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PDP Weighs N'West, S'West Option as Opposition Mounts against Sheriff Ex-gov Shekarau may join race
Onyebuchi Ezigbo in Abuja Ahead of the May 21 national convention of the Peoples Democratic Party (PDP), the party’s stakeholders are
considering zoning the national chairmanship seat to either the North West or the South West geo-political zones, THISDAY has learnt. Before the latest move,
the National Chairman of the party, Senator Ali Modu Sheriff, appeared set to achieve his quest for the retention of his position at the convention. The former Borno governor’s
bid to retain the position was buoyed by the support from some of the party’s governors, particularly Bayelsa Governor Serieke Dickson and his Ondo State counterpart, Dr.
Olusegun Mimiko, who is also the chairman of the PDP Governors Forum. However, following an avalanche of opposition from party stakeholders who
remained vehemently against the continuation of Sheriff in office beyond May, the party was forced to direct the zoning Continued on page 8
Osinbajo: Public Officeholders Must Account for What They Own Says enough of herdsmen violence
Olawale Olaleye Vice President Yemi Osinbajo said yesterday in Lagos that public officers would now be made to account for their wealth as part of the anticorruption campaign of the administration. He said the change being pursued by the government was an existential desire and not a mere slogan. Osinbajo spoke during a town hall meeting held at the Lagos Airport Hotel, Ikeja, organised by United Action for Change, a change advocacy group led by National Legal Adviser of All Progressives Congress, Dr. Muiz Banire (SAN). The vice president, who fielded questions from a wide range of interest groups from different sectors of the polity, talked tough on the violence currently being perpetrated by herdsmen in various parts of the country. He warned that violence of any sort was Continued on page 8
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WEEKLY PULL-OUT
PRESIDENTIAL RECOGNITION...
President Barack Obama (2nd left), greets Nigerian-born Ladipo Emeruwa (grandson of Chief Chris Ogunbanjo) on stage after watching him and other actors perform Shakespeare's Hamlet at the Globe Theatre in London at the end of Obama's official visit to the UK ...yesterday
TEARS FOR THE DEAD PRINCE
24.04.2016