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Home |   About Us |   Contact Us |   Members |   Search |   Subscribe |   Disclaimer |   THE GUARDIAN CONSCIENCE, NURTURED BY TRUTH LAGOS, NIGERIA.     Monday, July 26 2004   news   editorial/opinion   policy & politics   business   metro   sports   homes/properties   capital market   arts     Guardian Chat Click to join the chatroom 260704 today: NNPC chief faults governors, labour over excess oil fund From Niyi Bello and Julius Alabi, Akure FAR from the positions of state governors and labour on how to utilise excess crude oil revenue, the matter has been classified to the effect that it is only the Federal Government that can make a final decision on the matter. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Funso Kupolokun said at the weekend at Akure, the Ondo State capital that: "It is only the Federation Government that could take such decision." Kupolokun, who was in Akure during the visit of President Olusegun Obasanjo to the state, said: "There is no question on it, the excess crude oil is a federation thing. However, government can decide what to do with it at anytime, depending on the priority. "So if someone is saying it ought to be spent this way or that way, it is not something everybody can decide on. For instance, labour has been saying we should use it to subsidise petroleum product prices, that is one of it. "You have your own opinion of what it should be used for and I have my own, but government at the end of the day tells us what the priority should be." Speaking on the state of the nation's refineries, the NNPC chief disclosed that the refineries would start working in the next four weeks. The Warri Refinery is the only one that is not currently working. "Kaduna Refinery is producing about 1.5 million litres per day. The ones in Port Harcourt are running, only Warri is down. And this is not because the refinery is down itself, it is because the creek pipe line that connected it is bad and Julius Berger is working on that. "I want to assure you that in another four weeks the pipeline should be done and once it is done, all the refineries will be working." � 2003 - 2004 @ Guardian Newspapers Limited (All Rights Reserved).  Powered by dnetsystems.net dnet�

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