FG announces completion of petroleum project as NNPC sets date to export fuel

• The College of Petroleum and Energy Studies, Kaduna is set to open for business shortly
• Minister of state for petroleum resources expressed he was with the modern facilities at the college
• The minister declared that the government would not permit the institution to deteriorate during the tour of projects

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Heineken Lokpobiri, the minister of state for petroleum resources (oil), announced that the College of Petroleum and Energy Studies, Kaduna, which is held by the Petroleum Technology Development Fund, will shortly open for business.

After fifteen years, the College of Petroleum and Energy Studies projects has remained unfinished. Photo Credit: FG
Source: Getty Images

The minister made these remarks while giving a tour of the institution's facilities, which are situated behind the Kaduna International Trade Fair Complex and along the Kaduna-Zaria Expressway.

Accompanied by senior PTDF management personnel, Lokpobiri conveyed his contentment with the cutting edge amenities available at the college, which was founded in 2009 and has already consumed over N15 billion.

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Daily Trust reported that fifteen years on, the projects has remained unfinished. Under the new PTDF leadership, however, the institution's projects are almost finished.

Projects to be completed

The minister stated that the government would not allow the institution to decay after the facility tour.

He added that now that the facilities were in place, it was necessary to make sure the college was operating.

According to the minister,

“The college with the mandate to train senior cadre officers in the oil and gas sector, would save the country a lot foreign exchange from training Nigerians overseas.”“I am waiting on the Executive Secretary to give the relevant briefs then I will brief Mr. President to see how the place will be commissioned and put to use as soon as possible.

Ahmad Aminu, the PTDF Executive Secretary, stated earlier in his speech that the institute was prepared to begin operations because the majority of the projects had reached completion.

He added that out of the 87 contracts awarded so far, sixty-three (63) have been finished, and the remaining twenty-four (24) are in varying states of completion.

NNPC boss confirms date Nigeria will begin export

Legit.ng reported that the Nigerian National Petroleum Company Limited (NNPC) has announced its plan to commence the exportation of petroleum products by December 2024.

This was disclosed by Mele Kyari, the group chief executive officer of the NNPC Limited, at the National Assembly on Monday, June 15.

Speaking to economic stakeholders, Kyari expressed optimism that when government refineries begin to work, Nigeria will not need to import petrol again, Punch reports.

Source: Legit.ng