The Department of Petroleum
Resources, DPR said it generated over N470 billion in revenue in the first
half, thereby surpassing its projected targets by over N86 billion. This was revealed during a recent interface
between the DPR and the House Committee on Upstream Petroleum, when the later
visited the industry regulator, as part of its oversight functions. The Committee led by its Chairman,
Honourable Muraina Ajibola, commended the effort of the Department in its
exceptional performance over the preceding six months, by surpassing its
revenue target for the period. According to Ajibola, DPR’s expected
revenue target for the period, January to June 2013 was estimated at
N383billion, but instead realized about N470billion.
DPR Director, Mr. George Osahon, who
led the management team, was called upon to initiate practical steps that would
boost internally generated revenue to robust levels, and promised full
legislative backing in support of such initiatives.
The
Department of Petroleum Resources, DPR said it generated over N470
billion in revenue in the first half, thereby surpassing its projected
targets by over N86 billion.
This was revealed during a recent interface between the DPR and the House Committee on Upstream Petroleum, when the later visited the industry regulator, as part of its oversight functions.
The Committee led by its Chairman, Honourable Muraina Ajibola, commended the effort of the Department in its exceptional performance over the preceding six months, by surpassing its revenue target for the period.
According to Ajibola, DPR’s expected revenue target for the period, January to June 2013 was estimated at N383billion, but instead realized about N470billion.
DPR Director, Mr. George Osahon, who led the management team, was called upon to initiate practical steps that would boost internally generated revenue to robust levels, and promised full legislative backing in support of such initiatives.
Also, the Legislators expressed deep concern in the seemingly unabated spate of oil theft, particularly in the Niger Delta, and urged the Federal Government to implement the House’s resolutions on the issue.
Ajibola recalled some of the recommendations to include, government to assign dedicated telephone lines to security agencies. Such lines should also be made available to the public in order to facilitate easy reporting of these incidents to the appropriate security outlets.
Other recommendations include proper manning of crude export terminals and the installation of electronic metering at well heads to assist stem this negative tide.
- See more at: http://www.vanguardngr.com/2013/09/dpr-realises-n470bn-in-q1-2013/#sthash.TltQnxrJ.dpuf
This was revealed during a recent interface between the DPR and the House Committee on Upstream Petroleum, when the later visited the industry regulator, as part of its oversight functions.
The Committee led by its Chairman, Honourable Muraina Ajibola, commended the effort of the Department in its exceptional performance over the preceding six months, by surpassing its revenue target for the period.
According to Ajibola, DPR’s expected revenue target for the period, January to June 2013 was estimated at N383billion, but instead realized about N470billion.
DPR Director, Mr. George Osahon, who led the management team, was called upon to initiate practical steps that would boost internally generated revenue to robust levels, and promised full legislative backing in support of such initiatives.
Also, the Legislators expressed deep concern in the seemingly unabated spate of oil theft, particularly in the Niger Delta, and urged the Federal Government to implement the House’s resolutions on the issue.
Ajibola recalled some of the recommendations to include, government to assign dedicated telephone lines to security agencies. Such lines should also be made available to the public in order to facilitate easy reporting of these incidents to the appropriate security outlets.
Other recommendations include proper manning of crude export terminals and the installation of electronic metering at well heads to assist stem this negative tide.
- See more at: http://www.vanguardngr.com/2013/09/dpr-realises-n470bn-in-q1-2013/#sthash.TltQnxrJ.dpuf
The
Department of Petroleum Resources, DPR said it generated over N470
billion in revenue in the first half, thereby surpassing its projected
targets by over N86 billion.
This was revealed during a recent interface between the DPR and the House Committee on Upstream Petroleum, when the later visited the industry regulator, as part of its oversight functions.
The Committee led by its Chairman, Honourable Muraina Ajibola, commended the effort of the Department in its exceptional performance over the preceding six months, by surpassing its revenue target for the period.
According to Ajibola, DPR’s expected revenue target for the period, January to June 2013 was estimated at N383billion, but instead realized about N470billion.
DPR Director, Mr. George Osahon, who led the management team, was called upon to initiate practical steps that would boost internally generated revenue to robust levels, and promised full legislative backing in support of such initiatives.
Also, the Legislators expressed deep concern in the seemingly unabated spate of oil theft, particularly in the Niger Delta, and urged the Federal Government to implement the House’s resolutions on the issue.
Ajibola recalled some of the recommendations to include, government to assign dedicated telephone lines to security agencies. Such lines should also be made available to the public in order to facilitate easy reporting of these incidents to the appropriate security outlets.
Other recommendations include proper manning of crude export terminals and the installation of electronic metering at well heads to assist stem this negative tide.
- See more at: http://www.vanguardngr.com/2013/09/dpr-realises-n470bn-in-q1-2013/#sthash.TltQnxrJ.dpuf
This was revealed during a recent interface between the DPR and the House Committee on Upstream Petroleum, when the later visited the industry regulator, as part of its oversight functions.
The Committee led by its Chairman, Honourable Muraina Ajibola, commended the effort of the Department in its exceptional performance over the preceding six months, by surpassing its revenue target for the period.
According to Ajibola, DPR’s expected revenue target for the period, January to June 2013 was estimated at N383billion, but instead realized about N470billion.
DPR Director, Mr. George Osahon, who led the management team, was called upon to initiate practical steps that would boost internally generated revenue to robust levels, and promised full legislative backing in support of such initiatives.
Also, the Legislators expressed deep concern in the seemingly unabated spate of oil theft, particularly in the Niger Delta, and urged the Federal Government to implement the House’s resolutions on the issue.
Ajibola recalled some of the recommendations to include, government to assign dedicated telephone lines to security agencies. Such lines should also be made available to the public in order to facilitate easy reporting of these incidents to the appropriate security outlets.
Other recommendations include proper manning of crude export terminals and the installation of electronic metering at well heads to assist stem this negative tide.
- See more at: http://www.vanguardngr.com/2013/09/dpr-realises-n470bn-in-q1-2013/#sthash.TltQnxrJ.dpuf
