Ministry of Petroleum Resources has budgeted a sum of ₦42,980,935 for disposal of sewage in the 2020 appropriation bill. The ministry also budgeted ₦104 million for local travel, transport and training.
This was contained in a document which gives a breakdown of the ministry’s 2020 appropriation bill obtained by newsmen.
In the proposed budget tagged: ‘Deliverables of the Next Level Agenda,’ the ministry promised to eradicate smuggling of Premium Motor Spirit (PMS) across Nigerian borders and also implement reduction of government stake in oil ventures to 40 percent.
The ministry also promised to complete gas flare commercialisation programme, and increase crude oil production to three million BPD, while also reducing the cost of crude oil extraction by at least five percent.
The ministry equally promised to aggressively promote passage of the Petroleum Industry Bill (PIB) and also promised the passage of Deep Offshore and Inland Basin Production Sharing Contracts Amendment, among others.
However, a breakdown of the ministry’s budget revealed that it budgeted a sum of ₦113,502,141,00 for procurement of computers and peripherals in view of the drive towards Converted Data Automation and real-time tracking of products/operations.
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This, it said, would among other things enhance promptness in receipt of information and better policy formulation.
In the 2019 appropriation Act, a sum of ₦141,787,500.00 was appropriated for the same purpose.
Also, for the development and management of the ministry’s oil and gas database, which according to the ministry would serve as one-stop-shop in oil and gas data collection, harmonisation and efficient management for its parastatals and other stakeholders in the industry, a sum of ₦127,950,000.00 was budgeted for the purpose.
Under Nigerian oil and gas pipeline rebirth, a sum of ₦100 million was budgeted by the ministry to serve as key stimulant for the infrastructural renaissance of the pipeline systems to trigger accelerated increased production in Nigerian oil and gas industry.
