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Nigeria's Daily Petrol Consumption Hits Record High Of 93 Million Litres – Gistmaster


Nigeria’s daily petrol consumption hits record high of 93m litres
Nigeria’s daily consumption of Premium Motor Spirit (PMS) popularly called petrol was at an unsustainable level at 93 million litres a day in April 2021 from an average of 61 million litres consumed in the previous months. This translates to a daily spend of N7.10 billion on subsidy.
Petrol consumption in West Africa is estimated at 120.80 million litres daily and at 93 million litres daily consumption, this means that Nigeria alone accounts for 77 percent of petrol consumption, even though it has 52 percent of West Africa’s population and accounts for 65 percent of the sub-region’s gross domestic product (GDP). ....

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N49.68bn spent on pipeline repairs in 10 months – NNPC


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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. ....

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96 companies jostle for pipeline, depot rehabilitation jobs


Oil Pipelines Photo: Getty Images
At least, 96 companies are currently lobbying for contracts to rehabilitate Nigeria’s critical downstream infrastructure, especially pipelines, depots and terminals, the Nigerian National Petroleum Corporation’s (NNPC) said yesterday.
The national oil company said the infrastructure would be contracted on a build, operate and transfer (BOT) financing model. With the model, the assets would be operated by the private firms after they are rehabilitated before they are transferred to the government depending on the number of years contained in the contract.
According to the Corporation, the public opening of the bids for the contract was in line with the NNPC’s commitment to transparency and accountability. ....

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96 Firms Bid for Rehabilitation of NNPC Pipelines, Depots


Emmanuel Addeh in Abuja
Ninety-six companies from various jurisdictions have indicated interest in rehabilitating the Nigerian National Petroleum Corporation (NNPC) downstream infrastructure, including critical pipelines, depots and terminals.
A statement yesterday in Abuja by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, said the 96 companies emerged during a virtual public bid opening for the pre-qualification of bidders for the contract.
It stated that the public opening of the bids for the contract was in keeping with the NNPC management’s commitment to transparency and accountability in all its processes and transactions.
The NNPC noted that the public’s response to its Build, Operate and Transfer (BOT) financing model, was buoyed by the prevailing culture of Transparency, Accountability and Performance Excellence (TAPE) of the current management of the corporation. ....

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