THURSDAY 18TH MARCH 2021

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FG to Spend $1.5bn on Port Harcourt Refinery Rehabilitation Earmarks N3.07bn for NCDC lab equipment Says Enugu-Onitsha highway repair now to cost N8.649bn Deji Elumoye in Abuja The federal government yesterday unveiled plans to spend $1.5 billion to revamp the Port Harcourt refinery. Minister of State for

Petroleum Resources, Chief Timipre Sylva, told State House reporters in Abuja after the Federal Executive Council (FEC) meeting that President Muhammadu Buhari had approved the $1.5 billion

for the rehabilitation of the refinery, which will be done in three phases of 18, 24 and 44 months. The FEC also approved N3.07 billion for the procurement of laboratory

equipment for the Nigeria Centre for Disease Control (NCDC) centres nationwide as well as the increase in the cost of the repair of the Enugu-Onitsha highway to N8.649 billion.

Sylva said the contract for the rehabilitation of the refinery was awarded to an Italian company, Tecnimont spa, which is an expert in refinery maintenance, while the funding will be sourced

from the Nigerian National Petroleum Corporation (NNPC), Internally Generated Revenue (IGR), budgetary allocations provisions and Continued on page 8

Analysts List Measures to Curtail Inflation... Page 6 Thursday 18 March, 2021 Vol 26. No 9475. Price: N250

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Okonjo-Iweala Seeks Safe Schools Initiative's Restart to Curb Abductions Calls for empowerment of MSMEs, women in exportation Ejiofor Alike in Lagos and James Emejo in Abuja The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-

Iweala, has urged the federal government to restart the Safe Schools Initiative launched at the World Economic Forum (WEF) in Abuja in May 2014 to protect schoolchildren from

abductions. Okonjo-Iweala, who is on an official visit to Nigeria said in an interview with ARISE NEWS Channel, the broadcast arm of THISDAY Newspapers,

that she had discussed the programme with President Muhammadu Buhari and the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed.

At another forum yesterday, she also expressed concerns that the Small and Mediumsized Enterprises (SMEs) as well as women-owned businesses have been relegated

in the country's export drive. Okonjo-Iweala expressed optimism that a former British Prime Minister and United Continued on page 8

Despite Clamour for Power Shift, PDP Panel Wants Zoning Scrapped Overriding party's interest will determine our next step, says Secondus Chuks Okocha in Abuja The Peoples Democratic Party (PDP) may discard zoning as a criterion for picking its presidential candidate for the 2023 election cycle, if the party hierarchy ratifies the recommendation of a committee it set up to investigate its loss in the 2019 general election. The committee, set up by the PDP National Working Committee (NWC), and headed by Bauchi State Governor, Senator Bala Mohammed, in its report submitted yesterday, recommended that the 2023 presidential ticket should be thrown open to all Nigerians irrespective of tribe, region and religion. It, however, acknowledged the clamour for either the North-east or the South-east to

produce the next presidential candidate of the party. The campaign for the zoning of the presidency to the South-east reached a denouement last year when Ebonyi State Governor, Chief Dave Umahi, left the PDP, on whose platform he got to power, citing alleged marginalisation of Igbo in the party. Umahi had moved to the ruling All Progressives Congress (APC) along with some of his cabinet members, members of the state House of Assembly, local government chairmen councillors as well as members of the state executive committee of the opposition party. However, the PDP had dismissed Umahi's allegation, Continued on page 8

FG, States to Work Out Payment Modalities for COVID-19 Vaccines ... Page 5

HONOUR FOR THE OIL GURU... Group Managing Director, Nigerian National Petroleum Corporation, Malam Mele Kyari (left), and Minister of State for Petroleum Resources, Chief Timipre Sylva, during the conferment of the fellowship of the Nigerian Mining and Geosciences on Kyari in Ibadan…recently


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THURSDAY 18TH MARCH 2021 by THISDAY Newspapers Ltd - Issuu