Aso Villa Reads for 02/08/2021

Every day, we bring you the best stories that the Media is reporting about the Government of Nigeria

The Nigerian National Petroleum corporation (NNPC) says it made total revenue of N2.129 trillion from the sales of petroleum products between March 2020 and March 2021. The corporation disclosed this in its Monthly Financial and Operation Reports (MFOR), released on Sunday in Abuja. It said the sales were made by its downstream subsidiary, the Petroleum Products Marketing Company (PPMC). “The total revenues generated from the sales of white products for the period of March 2020 to March 2021 stood at N2.129 trillion, where petrol contributed about 99.24 per cent of the total sales with a value of ₦2.113trllion,’’ it said. According to the report, PPMC records N234.63 billion revenue from the sale of white products in March 2021.[Punch]

The Federal Government has approved 114 New Standards for the Standards Organisation of Nigeria (SON) to improve goods and services across various sectors of the economy. Minister of Industry, Trade and Investment, Adeniyi Adebayo, who disclosed this in Abuja, said the new standards are economic regulatory and industrial importance particularly with the ongoing implementation of the African Continental Free Trade Agreement (AfCFTA).[Business Day]

Nigeria is set to establish a gas supply link to other African countries and the European continent. The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari made this known in Kano State at a Gas Sector Stakeholders’ Forum with the theme: “Optimizing the Economic Development Capacity of Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project”,He said the ongoing 614kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project has the capacity of revamping about 232 industries, creating massive employment opportunities, and guaranteeing peace and prosperity for the people.[Business Day]

The National Information Technology Development Agency (NITDA) and National Institute for Security Studies (NISS) are to partner in order to lessen the shortfall of manpower in forensic experts in the country to mitigate the menace of cyber attacks. This was the highlight of discussion when the director general of NITDA, Kashifu Inuwa Abdullahi, received his counterpart, the Commandant, NISS, Alhaji Saheed Adeleke, on Wednesday on a courtesy visit at the agency’s Corporate Headquarters in Abuja.[Leadership]

President Muhammadu Buhari has directed the Ministry of Humanitarian Affairs, Disaster Management and Social Development to scale up beneficiaries of the National Home-Grown School Feeding Programme to five million school children by 2023. This was in addition to the nine million school children currently benefiting from the programme across the country.[Business Day]

President Muhammadu Buhari recently signed the 2021 supplementary Appropriation Bill of N982,729,695,343 into law. The bill was sent to the National Assembly for approval last month after its approval by the Federal Executive Council (FEC). It was passed the penultimate week by the legislators before proceeding to their annual vacation. [State House News]