NNPC Seeks to Acquire 20% Stake in Dangote Refinery DPR targets to remit N900bn to FAAC in Q2
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Nigerian National Petroleum Corporation (NNPC) has expressed interest
in purchasing a 20 per cent minority equity stake in Dangote Refinery, Lagos, reputed to be Africa’s biggest oil refining facility and the world’s largest single-train
plant. The 650,000 barrels per day (bpd) integrated refinery, expected to process a variety of light and medium grades of crude, including petrol and
diesel as well as jet fuel and polypropylene is owned by Nigeria’s Dangote Group and is worth about $15 billion. It is designed to produce up to 50 million litres of petrol
and 15 million litres of diesel a day, roughly 10.4 million tonnes of the product, 4.6 million tonnes of diesel, and 4 million tonnes of jet fuel per year, in addition to having
a fertiliser plant, which will utilise the refinery by-products as raw materials. NNPC Chief Operating Continued on page 50
Govs’ Delay in Signing Agreement Prolongs Judicial, Legislative Workers’ Strike... Page 10 Thursday 27 May, 2021 Vol 26. No 9544. Price: N250
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Power Devolution, State Police Demands Dominate Public Hearings
Akeredolu seeks return to 1963 constitution Okowa demands new document, not amendment Lagos wants special status NLC, NULGE seek retention of minimum wage, LG autonomy
Our Correspondents The process for reviewing the 1999 Constitution as altered gathered momentum yesterday with clamours for creation of state police, devolution of powers to the states, creation of more states, restructuring and fiscal federalism featuring prominently in presentations made by stakeholders at zonal
public hearings in 12 venues nationwide. The two-day public hearings are being organised by the Senate Committee on Constitution Review. However, while the Ondo State Governor, Mr. Rotimi Akeredolu, advocated a return to 1963 Constitution, Continued on page 50
Buhari Mourns as 158 Feared Dead in Kebbi Boat Mishap
Bandits kill Sokoto village head, 21 others
Deji Elumoye in Abuja and Laleye Dipo in Minna President Muhammadu Buhari yesterday described the reported capsizing of a boat in Ngaski Local Government Area of Kebbi State as devastating, offering his condolences to the families of those affected by the tragedy. About 158 people are feared
dead in the incident. In Sokoto, Governor Aminu Tambuwal yesterday confirmed 22 persons killed by bandits in Rabah Local Government Area of the state. The boat, conveying about 180 passengers from Niger State to Kebbi State, sank in the Niger River. The boat was said to have Continued on page 50
TINKERING WITH THE GRUNDNORM... L-R: Senator Olamilekan Solomon, Senator Oluremi Tinubu and Lagos State Governor, Mr. Babajide Sanwo-Olu, during the opening of the public hearing of the Senate Zonal Committee on the Review of the 1999 constitution in Lagos…yesterday
Buhari Meets Libya’s Menfi, Highlights Primacy of Security...Page 5