Fuel Scarcity: NNPC, DAEWOO sign MoU to rehabilitate Kaduna refinery
President Muhammadu Buhari expressed delight as he witnessed the memorandum of understanding (MoU) signing between Nigerian National Petroleum Company Ltd and Daewoo Group to rehabilitate the Kaduna refinery.
Mr Buhari’s media aide Femi Adesina announced this in a statement on Thursday.
The president was “particularly excited” as the signing came against the backdrop of the ongoing rehabilitation of the Warri refinery by Daewoo, said the statement.
According to the statement, when completed, the Warri refinery rehabilitation works will, at the first instance, deliver fuel production before the first half of 2023.
“Daewoo Group has massive investments in the automobile, maritime and other sectors of our economy. I am also aware that Daewoo is currently engaged in the execution of the NLNG train seven project and also constructing sea-going LPG vessels for NNPC and her partners,” said Mr Buhari.
The president said he looked forward to delivering ongoing projects, especially at the Warri and Kaduna refineries and the NLNG Train Seven.
”This no doubt will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria. I thank you for your faith in Nigeria,” Mr Buhari told the Korean conglomerate at the end of the ceremony on the last day of his visit to the Asian country to attend the First World Bio Summit.
Mr Buhari is expected back in Abuja from Seoul on Thursday night.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Spider-Man: Brand New Day shatters West Africa box office with nearly N2 billion
Marvel and Sony’s Spider-Man: Brand New Day has shattered the record for the highest-grossing Hollywood film at the West African box office, grossing N1.8 billion.
NationWide
U.S. embassy warns Nigerian visa applicants about fake documents, security threats
“We are coordinating to protect national security and keep criminals and bad actors out,” the embassy warned on Monday in its #VisaWiseTravelSmart campaign.
Politics
Umahi urges Nigerians to recognise, publicise completed government projects
Works minister David Umahi has advised Nigerians to report infrastructure problems and equally recognise and publicise completed government projects.
![Nigerian Policewomen used to illustrate the story. CREDIT: Twitter]](https://gazettengr.com/wp-content/uploads/Nigerian-Policewomen.jpg)
Health
Prioritise officers’ health, FCID boss tells police medical team
Mr Akpanudom made the call when the force’s medical director, Nkechi Eze, and her team paid a working visit to the FCID Annex, Alagbon, Ikoyi, Lagos, on Monday.
Abuja
Tinubu hails Sultan of Sokoto at 70, calls him towering figure of conscience
In a statement, Mr Tinubu described the monarch’s seventy years of existence as “a testament to a life lived in service, wisdom and grace”.
Health
Tinubu, governors urged to move from policies to action
The call was made on Tuesday in Abuja, stressing that the country had several policies on women’s health but needed to translate them into action.
