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Drug Scarcity Hits Aso Rock Clinic Despite N3.87bn Budget

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Despite the N3.87bn allocated to it in the 2016 Appropriation Act, lack of drugs and other essential medical items have crippled operations at the State House Medical Centre.

The centre provides medical services to the President, Vice-President and their families, aides, members of staff of the State House and other entitled public servants.

It is also a training facility for house officers and other medical personnel.

 Investigations by our correspondent showed that the centre located in Asokoro, a highbrow area of the Federal Capital Territory, is gradually becoming a shadow of its old self.

A cross-section of the centre’s patients said that patients were now being asked to go and buy drugs from outside as they were no longer available in the centre.

Most hit, it was further learnt, are patients with kidney problems who are currently undergoing dialysis in the facility.

Although, some of them are expected to be undergoing the dialysis at least twice a week, the centre’s management has been cancelling such exercise lately, therefore putting the lives of the patients at risk.

In some instances when they attend to them, the patients are made to come with some of the items the doctors will use for the exercise.

Our correspondent learnt that the centre’s management had resorted to sending text messages to patients on items they should bring for their treatment.

In one of such messages sent to a patient, the management wrote, “Mr. XXX (names withheld), when u (sic) are coming for dialysis on Monday, buy IVF Normal Saline to be used for ur (sic) dialysis. The office doesn’t  have it. Buy like four pieces.”

Normal Saline IVF solution is used in the treatment, control, prevention and improvement of conditions such as low sodium, potassium, magnesium, calcium levels as well as blood and fluid loss.

It improves the patients’ condition by maintaining proper fluid balance and keeping the tissues hydrated.

Another patient who spoke with our correspondent said he had a crisis recently because the centre cancelled his routine dialysis.

He said the centre’s management cancelled the session because of non-availability of bloodline.

He showed our correspondent a message sent to him on the cancellation.

The message read, “Gudevening (sic), we can’t dialize (sic) you tomorrow because we don’t have bloodline. When it is available, I will get back to you. Pls (sic) dialyse (sic) somewhere else. Thanks.”

The patient said the first time the session was cancelled, he was referred to a private hospital in Garki where he paid N20,000.

He added that when he could not afford the cost the second time, he was directed to another hospital in Wuse.

“As a result of the stress I passed through, by the time I returned home, I was very weak. My health situation deteriorated midnight and my people rushed me to the hospital. I was discharged about three days after,” he said.

Many other patients who spoke with our correspondent said the medical centre could no longer boast of “ordinary malaria drugs.”

“The clinic does not even have ordinary paracetamol. Paracetamol was included in the list of drugs they asked me to go and buy recently. Before now, they were giving us drugs.” another patient said.

The Minister of Health, Prof. Isaac Adewole, did not pick his calls when our correspondent attempted to get his reaction on Tuesday.

He also did not respond to a text message sent to him on the issue.

The Permanent Secretary, State House, Alhaji Jalal Arabi, had while defending the State House’s budget before the Senate Committee on Federal Character and Inter-governmental Affairs, and members of the House of Representatives Committee on Special Duties disclosed that N3.2bn of the budget was earmarked for the upgrade of State House Clinic to a Centre of Excellence.

Arabi had said, “The budget for the State House Medical Centre included N3.219bn proposed for the completion of ongoing work as well as procurement of drugs and other medical equipment.

“The Medical Centre provides health care treatment for the President and Vice-President, their families as well as numerous civil servants working in the State House and across the Ministries, Departments and Agencies of government and of course, with due respect, including parliamentarians and members of the legislature in addition to other notable dignitaries.

“Interestingly, Mr. Chairman, on a lighter note, not only those that have been captured here attend (the Medical Centre) there are poor of the poorest that attend because we receive reference from Gwagwalada, Garki, Wuse hospitals.

“So, if they come, we attend to them and interestingly too at no fee at all, we don’t charge.

“The anticipated improvement of the Medical Centre will propel it to serve as a Centre of Excellence and also reduce medical tourism.

“May I also add that the State House Medical Centre, unlike other medical centres does not charge any fees for its services and hence does not generate any revenue for itself.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Crude Oil

Dangote Mega Refinery in Nigeria Seeks Millions of Barrels of US Crude Amid Output Challenges

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The Dangote Mega Refinery, situated near Lagos, Nigeria, is embarking on an ambitious plan to procure millions of barrels of US crude over the next year.

The refinery, established by Aliko Dangote, Africa’s wealthiest individual, has issued a term tender for the purchase of 2 million barrels a month of West Texas Intermediate Midland crude for a duration of 12 months, commencing in July.

This development revealed through a document obtained by Bloomberg, represents a shift in strategy for the refinery, which has opted for US oil imports due to constraints in the availability and reliability of Nigerian crude.

Elitsa Georgieva, Executive Director at Citac, an energy consultancy specializing in the African downstream sector, emphasized the allure of US crude for Dangote’s refinery.

Georgieva highlighted the challenges associated with sourcing Nigerian crude, including insufficient supply, unreliability, and sometimes unavailability.

In contrast, US WTI offers reliability, availability, and competitive pricing, making it an attractive option for Dangote.

Nigeria’s struggles to meet its OPEC+ quota and sustain its crude production capacity have been ongoing for at least a year.

Despite an estimated production capacity of 2.6 million barrels a day, the country only managed to pump about 1.45 million barrels a day of crude and liquids in April.

Factors contributing to this decline include crude theft, aging oil pipelines, low investment, and divestments by oil majors operating in Nigeria.

To address the challenge of local supply for the Dangote refinery, Nigeria’s upstream regulators have proposed new draft rules compelling oil producers to prioritize selling crude to domestic refineries.

This regulatory move aims to ensure sufficient local supply to support the operations of the 650,000 barrel-a-day Dangote refinery.

Operating at about half capacity presently, the Dangote refinery has capitalized on the opportunity to secure cheaper US oil imports to fulfill up to a third of its feedstock requirements.

Since the beginning of the year, the refinery has been receiving monthly shipments of about 2 million barrels of WTI Midland from the United States.

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Oil Prices Hold Steady as U.S. Demand Signals Strengthening

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Oil prices maintained a steady stance in the global market as signals of strengthening demand in the United States provided support amidst ongoing geopolitical tensions.

Brent crude oil, against which Nigerian oil is priced, holds at $82.79 per barrel, a marginal increase of 4 cents or 0.05%.

Similarly, U.S. West Texas Intermediate (WTI) crude saw a slight uptick of 4 cents to $78.67 per barrel.

The stability in oil prices came in the wake of favorable data indicating a potential surge in demand from the U.S. market.

An analysis by MUFG analysts Ehsan Khoman and Soojin Kim pointed to a broader risk-on sentiment spurred by signs of receding inflationary pressures in the U.S., suggesting the possibility of a more accommodative monetary policy by the Federal Reserve.

This prospect could alleviate the strength of the dollar and render oil more affordable for holders of other currencies, consequently bolstering demand.

Despite a brief dip on Wednesday, when Brent crude touched an intra-day low of $81.05 per barrel, the commodity rebounded, indicating underlying market resilience.

This bounce-back was attributed to a notable decline in U.S. crude oil inventories, gasoline, and distillates.

The Energy Information Administration (EIA) reported a reduction of 2.5 million barrels in crude inventories to 457 million barrels for the week ending May 10, surpassing analysts’ consensus forecast of 543,000 barrels.

John Evans, an analyst at PVM, underscored the significance of increased refinery activity, which contributed to the decline in inventories and hinted at heightened demand.

This development sparked a turnaround in price dynamics, with earlier losses being nullified by a surge in buying activity that wiped out all declines.

Moreover, U.S. consumer price data for April revealed a less-than-expected increase, aligning with market expectations of a potential interest rate cut by the Federal Reserve in September.

The prospect of monetary easing further buoyed market sentiment, contributing to the stability of oil prices.

However, amidst these market dynamics, geopolitical tensions persisted in the Middle East, particularly between Israel and Palestinian factions. Israeli military operations in Gaza remained ongoing, with ceasefire negotiations reaching a stalemate mediated by Qatar and Egypt.

The situation underscored the potential for geopolitical flare-ups to impact oil market sentiment.

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Shell’s Bonga Field Hits Record High Production of 138,000 Barrels per Day in 2023

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Shell Nigeria Exploration and Production Company Limited (SNEPCo) has achieved a significant milestone as its Bonga field, Nigeria’s first deep-water development, hit a record high production of 138,000 barrels per day in 2023.

This represents a substantial increase when compared to 101,000 barrels per day produced in the previous year.

The improvement in production is attributed to various factors, including the drilling of new wells, reservoir optimization, enhanced facility management, and overall asset management strategies.

Elohor Aiboni, Managing Director of SNEPCo, expressed pride in Bonga’s performance, stating that the increased production underscores the commitment of the company’s staff and its continuous efforts to enhance production processes and maintenance.

Aiboni also acknowledged the support of the Nigerian National Petroleum Company Limited and SNEPCo’s co-venture partners, including TotalEnergies Nigeria Limited, Nigerian Agip Exploration, and Esso Exploration and Production Nigeria Limited.

The Bonga field, which commenced production in November 2005, operates through the Bonga Floating Production Storage and Offloading (FPSO) vessel, with a capacity of 225,000 barrels per day.

Located 120 kilometers offshore, the FPSO has been a key contributor to Nigeria’s oil production since its inception.

Last year, the Bonga FPSO reached a significant milestone by exporting its 1-billionth barrel of oil, further cementing its position as a vital asset in Nigeria’s oil and gas sector.

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