After crashing petrol prices, NNPC announces another key project for Nigerians Nexovant

The Nigerian National Petroleum Company Limited (NNPC) has promised to deliver the 53MW MEPP project in Maiguduri next year
The company made the promise when the Minister of State for Petroleum Resources (Oil) Ekperikpo Ekpo visited the site
NNPC said some critical phases of the project have been completed, while the last one will become functional next year

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

The Nigerian National Petroleum Company Limited (NNPC) has promised to complete the 53MW Maiduguri Emergency Power Project (MEPP) next year.

The development was revealed when the minister of state for Petroleum Resources (Gas), Ekperikpo Ekpo, visited the project site.

NNPC is set to deliver Maiduguri Emergency Power Project (MEPP) as projected. NNPC group chief executive officer, Mele Kyari, announces another key project Credit: NNPC
Source: Facebook

NNPC promises timely project delivery

Ekpo accompanied Mele Kyari, NNPC Group Chief Executive Officer (GCEO), and Olalekan Ogunleye, the NNPC Vice President of Gas, Power and New Energy.

The state oil firm disclosed on its X handle that the 32MW Simple Cycle phase of the project is already completed and fully operational. The firm said the remaining 18MW Combined Cycle Phase will be operational next year.

NNPC crashes petrol prices

Meanwhile, the state oil firm has crashed petrol prices by N20 in Abuja.

Checks reveal that NNPC retail outlets sold petrol to motorists at N1,040 per litre instead of the previous rate of N1,060.

Petrol station attendants and motorists confirmed the N20 price slash, saying the new price became effective on Saturday, December 14, 2024/

With the new reduction, Nigerians will pay N20 less at N1,040 per litre at NNPC filling stations, while other stations, depending on the location, sell above N1,100.

NNPCL urged to explain $2.9bn approved for refineries’ repair

Legit.ng earlier reported that civil society groups had blamed Mele Kyari over the $2.9bn released for Nigerian refineries’ rehabilitation.

The groups queried why the NNPC GCEO and others could not respond to Femi Falana’s questions regarding the repairs.

Falana had disclosed at a recent event that NNPC could not explain why the budgeted amount was diverted.

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Source: Legit.ng

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