NIGERIA NEWSPAPERS: TODAY'S THE DAILY TRUST NEWSPAPER HEADLINES [8TH MAY, 2017].


Below are the headlines found on The Daily Trust Online Newspaper for today,  Tuesday, 8th May, 2018.

Tue, 08 May 2018
Nigeria spent the sum of $36.3 billion, about N11 trillion, on fuel import between 2013 and 2017, the Central Bank of Nigeria (CBN) said yesterday.
The amount is part of the $119.4bn the country spent on the total importation of products from other countries within the period. The fuel import represents 30.4 percent of the total sum.

 
This is even as a House of Representatives adhoc panel headed by Garba Datti Muhammad (APC, Kaduna), demanded Nigeria’s top oil company to present the details of a proposed $1.8bn for the Turn Around Maintenance (TAM) of Nigeria’s four refineries in Port Harcourt (2 refineries) Warri and Kaduna.
The panel also demanded details of all previous TAM, including the amount spent as well as the achievements recorded.
At an investigative hearing by the panel, which was mandated by the House to probe the status of Nigeria’s refineries and the periodic maintenance, CBN said the total sum for the importation led to “serious pressure” on the country’s external reserves as well as resulted in the depreciation of Nigeria’s currency.
CBN’s Director of Research, Ganiyu Amao, who spoke on behalf of the apex bank’s chief, Godwin Emefiele, said they had taken several measures that helped in curtailing excessive and unnecessary outflow of foreign exchange and ensuring the stabilization of the naira.
What $36.3bn can do for Nigeria
Daily Trust found out that in comparative terms, the sum of $36.371 billion can provide for Nigeria four refineries capable of processing Nigerian and African crude mix, Arab Light as well as some American crude grades of up to 650, 000 barrels crude, at a cost of $9 billion each.
At the same time the amount converted in local currency (N11trn) was higher than federal budgets of 2014 and 2015, which were N4.69trn and N4.5trn respectively, both of which totalled N9.19trn.
Africa’s richest man, Aliko Dangote, is currently building 650,000 barrels of crude per day (bpd) refinery estimated to cost roughly $9 billion.
When completed it will be the largest single train refinery in the world. The refinery is about one and half times the capacity of all four Nigerian refineries.
Further analysis shows that if such amount had been invested in building local refineries, each of them just like that of  Dangote group, could produce up to 59 million litres of premium motor spirit (petrol), 20 million litres of aviation fuel/ kerosene and 29 million litres of diesel per day which is more than sufficient for the local demand.
According official records, the total demand for petroleum products in Nigeria is around 30/35 million litres of PMS per day. 
Daily Trust analysis therefore showed that Nigeria could have been producing over 200 million litres petrol which is more than the current requirements. 
Meanwhile, Chinese company Pak-China group yesterday initiated work on a $6 billion oil refinery including the construction of the crude oil pipeline from port city to Lahore, Pakistan. The mega refinery will have the capacity to refine 250, 000-300,000 barrels per day. 
A Lecturer at the Federal University of Petroleum Resources, Effurun Prof. Ogbarode N. Ogbon, in a presentation on the economic viability and competitiveness of modular refinery in Nigeria recently noted that Nigeria would need around 75 modular refineries of about 10,000 barrels per stream day capacity by 2020 if fuel scarcity will disappear completely. 
Daily Trust research from sampling experts and engineering companies’ proposals on modular refinery construction showed that an average state-of-the-art modular refinery capable of processing up to 10,000 barrels per day crude could cost up $20 million depending on a number of factors. 

Tue, 08 May 2018
President Muhammadu Buhari will on Tuesday (today) undertake a four-day trip to the United Kingdom to see his doctor.

The Senior Special Assistant to the President on Media and Publicity, Malan Garba Shehu, disclosed this in a statement on Monday.

He said in the course of the technical stopover for aircraft maintenance in London on his way back from Washington last week, Buhari had a meeting with his doctor.

The presidential spokesman stated that the doctor requested the president to return for a meeting which he (Buhari) agreed to do.


Shehu said President Buhari would return on Saturday.

The presidential spokesman was silent on whether the president had transmitted a letter to the National Assembly to inform the legislature of his medical trip.

He said on his return, the president’s two-day state visit to Jigawa, which was postponed because of the All Progressives Congress, APC’s Ward Congresses, would take place on Monday and Tuesday.


 President Buhari returned from London last August after undergoing medical treatment for an undisclosed ailment for over three months.

Tue, 08 May 2018
Kaduna State Governor Nasir Ahmad El-Rufai on Monday visited Gwaska in Birnin Gwari Local Government Area of the state where gunmen killed scores of people on Saturday.
The governor, who arrived in Birnin Gwari around 12 noon, proceeded to the palace of the emir, Malam Jibril Zubair II, where he met with the traditional ruler and community leaders. 

 
The emir had told the governor that the head count of bodies was 58, but 13 more bodies were later discovered, bringing the toll 71,  according to palace sources. The Kaduna State Commissioner of Police Austin Iwar had confirmed that 45 bodies were recovered as at Sunday. 
El-Rufai condoled with the emir saying he came to share the pain and predicament of innocent citizens whose lives were cut short due to the terrorism of bandits and criminals.
The governor, who arrived Gwaska at exactly 2:10 pm, was taken round and briefed by Malam Isa Musa, the leader of the community, who narrated how the bandits carried out the heinous attack. 
Musa said that the attackers “were heavily armed with sophisticated weapons and are not ordinary gunmen. They came from different directions and circled us shooting and burning our houses with impunity. 
“We appreciate all your commitment but we wish to let you know that only full military action on both land and air can match these terrorists. They are mercenaries and marksmen. As you can see it’s about seven kilometres to Dansadau in Zamfara State and other boundaries with Katsina and Niger states with us here in Birnin Gwari,” he said.
El-Rufai assured the people that both the state and federal governments will intensify action to address the lingering problem of rural banditry.
He told the people that government will assist in rebuilding the affected communities and urged them to continue to be law-abiding. 
Earlier, the Emir, Malam Jibril Zubair II praised the Federal and state governments for demonstrating commitment to the plight of his people.
“As a member of the State Security Council, I am in the know of federal and state government commitment. 

Tue, 08 May 2018
Twenty-seven of the 33 governorship aspirants in last Saturdays botched APC primary election have raised objection to the position canvassed by the National Working Committee (NWC) that the botched primary will continue where it ended on Saturday. 

Tue, 08 May 2018
The Kano State House of Assembly has placed the Chairman of Dambatta Local Government Area, Alhaji Idris Haruna Zago, on six months suspension. 

Tue, 08 May 2018
Some aspirants at the just concluded APC ward congress in Katsina have raised concern over the exercise which they claimed was marred by irregularities. 

Tue, 08 May 2018
A total of2,092 delegates are to elect candidate of the Peoples Democratic Party (PDP) on Tuesday, ahead of the Ekiti State governorship election. 

Tue, 08 May 2018
The Presidency has said the letter by the national chairman of the Peoples Democratic Party, Uche Secondus, to the United Nations Secretary General accusing President Muhammadu Buhari of several allegations confirms the party as a bad loser desperate for another chance after being kicked out for failing the country.

Tue, 08 May 2018
The Chairman of Abaji Area Council, Alhaji Abdulrahman Ajiya, has assured the Internally Displaced Persons (IDPs) of a communal clash in Toto Local Government of Nasarawa State of safety, promising them food and shelter. 

Tue, 08 May 2018
The Chairman of Abuja Muncipal Area Council (AMAC), Alhaji Abdullahi Adamu Candido, has warned youths not to allow themselves to be used as political thugs. 

Tue, 08 May 2018
The chairman of the All Progressives Congress (APC) in the FCT, Alhaji Abdulmalik Usman, has constituted a five-man committee to investigate the immediate and remote causes of the attack on the chairman of Kuje Area Council, Alhaji Abdullahi D. 

Tue, 08 May 2018
The Federal Capital Territory Administration (FCTA) has said there is no cholera outbreak recorded in the territory. 

Tue, 08 May 2018
Suspected thugs have allegedly attacked Jibrin Musa Sarki, an aide to the chairman of Kuje Area Council over disagreement at the central ward of the council during the ward congress on Saturday. 

Tue, 08 May 2018
Retired General, Olufemi Olutoye, was the first Nigerian Director of Army Education and a one-time federal minister who witnessed several coups as a soldier. 

Tue, 08 May 2018
Only privatisation of the Nigeria railways can guarantee the smooth development of the sector, the President, National Association of Road Transport Owners (NARTO), Alhaji Kassim Ibrahim Bataiya has said yesterday. 

Tue, 08 May 2018
The Director General of National Information Technology Development Agency [NITDA] Dr Isa Ali Ibrahim Pantami has said the agency saved N10billion between 2016 and this year through proper regulations of IT sector in the country. 


Tue, 08 May 2018
The Nigerian electricity grid lost 1,015 megawatts (MW) at the weekend as it dropped from a threshold of 4,207MW reached on Saturday to 3,192MW on Sunday, industry report has shown. 

Tue, 08 May 2018
The Minister of Power, Works and Housing, Babatunde Fashola, yesterday commissioned 2x60MVA, 132/33KVOdogunyan substation, 10 years after the project was awarded to local contractor, Laga CE Power Limited. 

Tue, 08 May 2018
The Secretary of Government of the Federation (SGF), Mr Boss Gida Mustapha, has said the Federal Government will soon make dossier of persons with significant control over incorporated companies available to the public in order to stop secret ownership of companies and property in the country.

Tue, 08 May 2018
What stirred your interest in science and the Science Fair in Northeast'My interest in science could be traced back to my dads science book called simple Science, which we used to read and try the experiments therein, with my siblings. 

Tue, 08 May 2018
Officials of the Confederation of African Athletics (CAA) over the weekend inspected facilities being put in place to host the 2018 African Senior Athletics Championships in Asaba, Delta State. 
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