The Executive Director/CEO Nigerian Export Promotion Council (NEPC) Ezra Yakusak yesterday disclosed that the Federal Government recorded the highest performance from the non-oil export this year with the total value hitting $2.59billion.
This he said represents 62.37per cent compared with $1.60 billion recorded during same period in 2021, adding that the non-oil export performance of the country has been on the onward move just fifteen in 2016 to thirty-four (34) that it presently has, expecting Bayelsa and Yobe states to come on board for full national coverage.
He said: “As important as the SCEP is to non-oil export development in the country, the potential of this important committee is not being fully utilized. It is on this note that we convened this forum to discuss identified challenges bedeviling SCEP operations in each state and to jointly proffer workable solutions.
NNPC acquires Addax oil blocs
Meannwhile, TSinopec’s Addax Petroleum Development (Nigeria) Limited yesterday handed over its four major oil mining blocks in the country, announcing its departure from the country in the process. This follows the signing of a settlement and exit agreement between the Nigerian National Petroleum Company Limited (NNPCL) and Addax.
In a statement signed by NNPCL’s Chief Corporate Communications Officer, Garba Deen Muhammad, the NNPCL said with this agreement, Addax has ceased to be the Production Sharing Contract (PSC) contractor for the Oil Mining Leases (OML) 123/124 and 126/137.
The NNPCL Chief Finance Officer, Umar Ajiya, signed the agreement on behalf of the company along with the Managing Director of Addax Petroleum, Yonghong Chen, signed on behalf of his company. “Earlier today, NNPC Limited and Addax Petroleum Development (Nigeria) Ltd signed a Memorandum of Understanding (MoU) on the Transfer, Settlement and Exit Agreement (TSEA) for Oil Mining Leases (OML) 123/124 and OMLs 126/137,” the NNPC stated this on the company’s official Twitter page.
