Refinery plant to source crude from Escravos line, says Obaseki
Edo State Government has tasked Ministries, Departments and Agencies (MDAs) to key into the automated Internally Generated Revenue (IGR) system now operational in the state.
The charge was given by the Head of Service, Anthony Okungbowa, at a two-day training workshop on Electronic Treasury Receipt and MDA Certificate Approval, organised by the Edo State Internal Revenue Service (EIRS) for permanent secretaries, directors and heads of revenue from various MDAs in the state.
Okungbowa, who was represented by Permanent Secretary, Ministry of Environment, Lucky Wasa, stated: “Edo State government is ensuring that all MDAs key into the automation programme that will no doubt curb leakages in IGR collection.”
He commended the EIRS for its efforts at keeping up to pace with the global trends in revenue administration. Executive Chairman of EIRS, Igbinidu Inneh, said the system was initiated to enable government to electronically track transactions with individuals and organisations, particularly as it relates to government applications and approvals.
He noted that this was to ensure that officials of government comply with the relevant tax laws to avoid being sanctioned.
Inneh explained that other benefits of the electronic treasury receipts and MDA certificate approvals include issuance of verifiable electronic documents and real time reporting of all MDAs transactions, among others.
BESIDES, Governor Godin Obaseki has said the state’s modular refinery being developed by the Edo Refinery and Petrochemical Company Limited (ERPC) in Ologbo, Ikpoba-Okha Council, would source crude for processing from the Escravos Line.
Obaseki, who stated this at the inspection of the facility recently, said the crude sales agreement was being finalised in readiness for production in August, adding that the Department of Petroleum Resources (DPR) had certified the refinery for production and ready set to receive products.
The 6000bpd Edo Modular refinery was an initiative of the Obaseki-led administration, which was facilitated with the release of N700 million as renewable preference shares in the ERP Company.
He added that the major products to be sold are Diesel, Naphtha and Low Pour Fuel Oil (LPFO) and that work was ongoing to expand the plant to 20,000bpd refining capacity.