NNPC targets two million barrels oil production daily

He said, “The target is to increase production to two million barrels by the end of the year, and we are fully committed to doing that. I appreciate the support of the Nigerian Navy in making this possible.

“They have been providing significant support, which has resulted in a reduction in oil theft. Pipeline vandalism has also decreased significantly, and there is a lot currently happening in the industry. We hope to sustain this progress to achieve our target of two million barrels per day by the end of the year.”

The Chief of the Naval Staff, Vice Admiral Emmanuel Ogalla, said Nigeria’s development has faced numerous complex security challenges over the past few decades, including violent agitations, oil theft, pipeline vandalism, and piracy/sea robbery.

Labour happy as Tinubu signs N70,000 minimum wage bill

We have gone very far with it. And I expect that it will be signed by Wednesday,” Akpabio responded when asked about the reviewed Act meant to finance the new minimum wage.

On July 15, the Federal Executive Council mandated the Minister of Budget and Economic Planning to prepare a bill to amend the 2024 Budget.

A week later, Tinubu wrote the Senate requesting it to amend the 2024 Appropriation Act and the 2023 Finance Act by increasing the budget by ₦6.2tn.

Tinubu’s letter was addressed to the Senate President and read at plenary.

The President said the move was under Section 58 (2) of the Constitution.

The Senate approved the ₦6.2tn amendment to the 2024 Appropriation Act, raising the year’s national budget from ₦28.7tn to ₦35.055tn.

Meanwhile, the Federal Government allayed fears of non-compliance with the new minimum wage, saying the extensive negotiations and consensus-building undertaken from early February to July meant all the relevant stakeholders were involved.

Adhere to rules of engagement, FG tells INGOs

The contribution of INGOs to our national development aspirations is truly invaluable. They have been instrumental in complementing government efforts by delivering critical services and support to vulnerable populations. Their work has significantly impacted the lives of countless Nigerians, helping to build stronger and more resilient communities.

RSS
Follow by Email
YouTube
LinkedIn
Share
Instagram
Telegram
WhatsApp
Tiktok