Thursday, January 23, 2025
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NNPC Ltd Woos South Korean Investors for Gas Projects

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has engaged in discussions with a South Korean consortium, led by Daewoo E & C, focused on advancing gas projects in Nigeria. The talks, held in Seoul, South Korea, aim to strengthen NNPC Ltd.’s commitment to harnessing Nigeria’s extensive gas resources to become a major supplier of clean and affordable energy globally.

Recognizing South Korea as a significant destination for Liquefied Natural Gas (LNG) exports, the consortium, in collaboration with the Korean Export-Import bank, has shown interest in exploring investments in greenfield projects and other gas development opportunities. The discussions are anticipated to lead to the execution of a Memorandum of Understanding (MoU), fostering strategic foreign direct investment aligned with the President Bola Ahmed Tinubu administration’s efforts to position Nigeria as a prime destination for global investors.

Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Ltd, highlighted the importance of these talks in unlocking significant foreign investments and promoting Nigeria as a key player in the global energy market.

Simultaneously, the Group Managing Director of NNPC Ltd, Mele Kyari, extended congratulations to Temile Development Company, an indigenous player in the gas sector, for the commissioning of its 23,000 cubic meters ultra-modern Liquefied Petroleum Gas (LPG) Carrier in Ulsan, South Korea. Kyari commended the achievement as a crucial step in advancing gas utilization within the country and enhancing gas revenues.

Speaking on the development, Kyari affirmed NNPC Ltd’s commitment to supporting similar initiatives, stating that the company, in partnership with West Africa Gas Ltd (WAGL), is actively involved in constructing vessels to bolster LPG supply in Nigeria, with the goal of meeting the growing market demand.

FCT Market Women Adopt Tinubu’s Wife, Pledges Support

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The Federal Capital Territory (FCT) Market & Men Association of Nigeria has officially welcomed Oluremi Tinubu, the wife of President Bola Tinubu, as an honorary member, expressing their support and gratitude for her positive contributions to women’s welfare nationwide.

Mrs. Felicia Sani, the National President of the Association, made this declaration during an event in Abuja, where she praised Mrs. Tinubu for fostering a peaceful environment under her administration, which has greatly impacted the success of market women in their businesses.

Sani highlighted the importance of Mrs. Tinubu’s continued support and urged her to provide resources that would further enhance the economic growth of market women. As a gesture of appreciation, the women presented yams, onions, peppers, and tomatoes to Mrs. Tinubu.

In response, Oluremi Tinubu, represented by Mrs. Adedayo Benjamin Laniyi, the Mandate Secretary of FCT Women Affairs Secretariat, expressed gratitude for the warm adoption and pledged ongoing support for the market women. Recognizing their resilience, especially during challenging times like the COVID-19 pandemic, Mrs. Tinubu reiterated her commitment to assisting them.

The women, through their adopted representative, also called for peace in the country, urging against actions that may lead to violence. This gesture reflects their collective advocacy for stability and harmony within the nation.

Oyetola Commissions SMEDAN Facility, Flags-off Conditional Grant Scheme in Osun

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Adegboyega Oyetola, Minister of Marine and Blue Economy, launched three impactful programs facilitated by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in Osun State.

The ceremony, held at the Industrial Development Centre (IDC), Oshogbo, marked the initiation of the Conditional Grant Scheme (CGS) for micro-enterprises in Osun State, the National Business Skills Development Initiative (NBSDI), and the commissioning of an ultra-modern Common Facility Centre for Garment and Fashion.

Commending President Bola Ahmed Tinubu’s initiative for stimulating the economy and providing welfare for the people, Minister Oyetola stated, “Today’s interventions are loud testaments to the Federal Government’s determination to protect businesses in the country, especially the Nano, Micro, Small and Medium Enterprises (NMSMEs), which is a critical sub-sector of the Nigerian economy.”

He urged beneficiaries to seize the opportunities presented by President Tinubu’s administration, encouraging them to become active contributors to the small and medium scale business sector.

Charles Odii, Director General of SMEDAN, highlighted the significance of Nano, Micro, Small, and Medium Enterprises (NMSMEs) in job creation, employing over 62.5 million individuals and contributing substantially to the GDP and exports.

Odii explained that SMEDAN’s Conditional Grant Scheme aims to formalize micro-enterprises in Nigeria, involving capacity building, CAC registration, micro insurance provision, and granting N50,000 to each recipient. This program has impacted over 40,000 entrepreneurs across 22 states.

The National Business Skills Development Initiative (NBSDI), implemented in 12 states and FCT, focuses on providing entrepreneurship skills, vocational training, and empowerment materials to address the capacity gap among youths. In Oshogbo, 55 individuals received state-of-the-art equipment for fashion, catering, and leatherworks, along with cash grants of N50,000 each.

The day’s activities also included the provision of ATM cards to CGS beneficiaries and the distribution of industrial sewing machines, cookers, mixers, and fabricating machinery to the participants of NBSDI. This comprehensive effort aims to uplift and empower entrepreneurs in Osun State’s fashion and garment industry.

Wike Approves N30.9 Billion for School Rehabilitation – Secretary

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The Federal Capital Territory (FCT) Minister, Barr. Nyesom Wike, has greenlit a substantial allocation of N30.9 billion for the extensive renovation of schools in the federal capital, according to Dr. Danlami Hayyo, the Mandate Secretary of the Education Secretariat, FCT Administration.

In a press conference held in Abuja on Tuesday, Dr. Hayyo emphasized that the minister’s approval of these funds underscores the paramount importance he places on the education sector. Out of the allocated sum, N13.3 billion has been earmarked for the swift renovation and rehabilitation of 40 schools, with a commitment to completing the projects within 100 days.

An additional N13.1 billion has been approved for an accelerated whole-school rehabilitation approach, commencing with 18 schools. This approach aims to comprehensively revamp school infrastructure, including toilets, hostels, dining facilities, and the provision of furniture and water.

In the second phase of the whole-school rehabilitation initiative, N4.5 billion has been allocated for the renovation of four schools. The schools identified for this phase are Government Science Technical College Kwali, Government Science Technical College Maitama, Government Secondary School Kuje, and Government Secondary School Wuse II.

Dr. Hayyo assured that all projects would be completed before May 2024, aligning with the commissioning of the projects by President Bola Tunu to mark his one year in office. Commending the minister’s commitment to resolving issues, Dr. Hayyo highlighted Wike’s dedication to settling 40% of the N7 billion minimum wage arrears owed to primary school teachers by the six area councils. The remaining 60% will be covered by the area councils within the next three months, with deductions directly from their sources to ensure compliance.

Dr. Hayyo also voiced concerns over the state of neglect in the education sector by the previous administration, stating, “The previous administration neglected the education sector. No meaningful intervention by the previous administration in the education sector of the FCT. That is why the huge work is going to be done by the current administration. That is why the minister took education as a serious matter and earmarked about N30 billion.”

Kogi Assembly Confirms 15 New Commissioners

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In a recent session, the Kogi State House of Assembly formally endorsed the appointment of 15 commissioners put forth by the newly inaugurated Governor, Alhaji Ahmed Usman Ododo.

The confirmed commissioners include Engr Farouk Danlami Yusuf, Barr Salami Ozigi-Deedat, Basiru Abubakar Gegu, Dr Adams Abdulaziz, and Engr Joseph Oluwasegun Stephen. Additionally, Muizideen Yinusa Abdullahi, SAN, Rabiatu Okute, Hon Kingsley Fanwo, Fatima Momoh, Engr Mohammed Yusuf, Timothy Ojoma, Sunday Faleke, Mr Abanika Taye, Asiwaju Idris Asiru, and Engr Mohammed Adbulmutalib complete the list.

Rt. Hon Aliyu Umar Yusuf, the Speaker of the Kogi State House of Assembly, encouraged the newly confirmed Commissioners to channel their efforts towards the state’s development. He stated, “I urge the Commissioners to work hard for the development of the state.” The Speaker’s words underline the Assembly’s expectation of dedication and commitment from the appointed officials as they assume their roles in steering the state towards progress.

Atiku Laments Insecurity, Criticizes Tinubu

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Former Vice President Atiku Abubakar expressed deep concern about the rising insecurity in Nigeria and criticized President Bola Ahmed Tinubu’s response.

Atiku, in a Facebook post, accused Tinubu of playing the fiddle while Nigeria faces security challenges.

He highlighted recent incidents, including the kidnapping of a nursing mother and grandmother in Abuja and the killing of two monarchs in Ekiti.

Atiku called for decisive leadership and suggested that if the responsibility is too burdensome for the current leadership, they should step aside.

He emphasized that Nigeria needs 24/7 leadership to address the pervasive insecurity and economic challenges.

Senate Drama Over Sacking of Executive Director

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In a mild drama in the Senate, Senator Suleiman Kawu criticized what he deemed the premature removal of Mansur Kuliya, the Executive Director of the Midstream, Downstream, Gas Infrastructure Fund. Kawu argued that Kuliya’s removal, as indicated in President Bola Tinubu’s letter, was unlawful as it cut short his five-year term that began in 2022.

Senator Kawu raised a constitutional point, citing Section 34(2), 5, and Section 36(1) of the Petroleum Industry Act, which outlines the process for the removal or replacement of an executive director. He emphasized that there was no official communication or due process followed in Kuliya’s removal.

Senate President Godswill Akpabio referred the matter to the Senate Committee of the Whole and the Senate Committee on Gas and Downstream for further investigation. Akpabio instructed the committees to consider Kawu’s claims and make recommendations to the Senate for appropriate legislative action.

PDP Grants Clearance to All 10 Aspirants for Edo Governorship Primary

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The Peoples Democratic Party (PDP) has granted provisional clearance to all ten aspirants who obtained nomination forms to participate in the Edo state governorship primary. The primary is scheduled for February 22, while the governorship election is set for September 21, 2024.

The aspirants, who each paid N5 million for the expression of interest and N30 million for the nomination form, underwent screening by the Governor Caleb Mutfwang-led Screening Committee on Monday at the PDP national secretariat in Abuja.

PDP National Organizing Secretary Umar Bature confirmed the clearance, stating that all ten aspirants are cleared to contest. The aspirants include Philip Shaibu, the Edo State Deputy Governor, as well as Blessing Igbinedion, Anselm Ojezua, Felix Akhabue, Martin Uhomoibhi, Umoru Hadizat, Osaro Onaiwu, Arthur Esene, and Omoregie Ihama.

It was noted that Sunday Egiele Balogun failed to purchase the party’s nomination form. The PDP aims to ensure a fair and competitive governorship primary in Edo State as part of its internal democratic process.

Senate Adjourns Plenary as Security Chiefs Invited, Tinubu Seeks Confirmation of Irukera’s Sack

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The Senate has adjourned plenary until February 6, 2024, following an Executive Session. Senate President Godswill Akpabio announced the decision and stated that the Upper Chamber resolved to invite heads of security agencies to provide updates on the security situation in the country.

The invitation aims to address the ongoing insecurity crisis, covering issues such as kidnapping, murder, banditry, and the killing of hostages after ransom payments. The Senate is particularly concerned about the bomb explosion in Ibadan that resulted in the destruction of private and public facilities.

During the session, President Bola Tinubu’s letter requesting the confirmation of the sack of the Executive Vice Chairman and CEO of the Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera, was read. The request, in line with the provisions of Section 8 (2) of the FCCPC Act, 2018, was referred to the committee of the whole for further action.

President Tinubu had terminated Babatunde Irukera’s position as CEO of FCCPC, effective from January 8, 2024. The Senate will now deliberate on the confirmation of this decision.

Tragedy Strikes in Rivers State as Boats Explode, Lives Feared Lost

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In a tragic incident in Rivers State, scores of traders and passengers are feared dead after three passenger boats, laden with goods, caught fire and exploded at the Bonny/Nembe/Bille jetty in Port Harcourt on Monday evening.

The inferno not only destroyed the passenger boats but also spread to nearby properties, causing substantial damage worth millions of Naira. The incident was reported to have originated from the engines of one of the wooden boats undergoing maintenance.

An eyewitness stated that the fire started from the boat’s faulty engines while a mechanic was working on it. The spark from the engine ignited jerry cans loaded with fuel, making the fire uncontrollable and leading to the explosion, trapping occupants inside the boats.

The boats were preparing to travel to a fishing settlement in Bayelsa State, where traders would buy fish to bring back to Port Harcourt for sale. Several individuals narrowly escaped the tragedy, but others, including traders and passengers, were caught in the flames.

One witness shared a harrowing account, mentioning that a woman who left the boat briefly to buy something returned to find her three children missing. The extent of casualties and the number of lives lost in the tragic incident is yet to be confirmed.

Authorities are expected to conduct a thorough investigation into the incident to determine the cause and assess the overall impact on the community.