Business
Oil Pollution: RSG To Imprison Offenders
In a bid to rid the environment of all forms of pollution arising from oil exploration and exploitation in Rivers State, the state government has proposed a new law stipulating stiff penalty, for companies and imprisonment for individuals who pollute the environment.
Disclosing this in an exclusive interview with The Tide , Sunday night in Abuja, Rivers State Commissioner for Environment, Bar Kingsley Chinda said the law to be known as the Rivers State Environmental Law is designed to ensure a healthy environment throughout the length and breath of the state as it would checkmate the excess of oil companies and is a step ahead of federal law on environment.
Barr Chinda who was in Abuja to attend Supreme Court sitting last Monday in the case between the state Governor, Rt Hon Chibuike Amaechi and Labour Party gubernatorial candidate in the April 14, 2007 gubernatorial election in the state, Chief Soberekon said the state government is determined to rid the state of pollution of all kinds and would not go back from its resolve.
We have proposed an environmental bill, tagged Rivers State Environmental Law that has gone s step further than federal law on environment.
“It ensures that the polluter clears pollution within a space of one month, where the (polluter) fails, it (bill) carries penalty not just financial but imprisonment”.
Hon Chinda said the ministry of Environment has been able to commence a quick response process to calls from polluted areas of the state, right from Ogoniland to Abua axis in the last two years of the Amaechi administration but regretted that government has so far not been given maximum co-operation from the multinational companies operating in the state.
‘We have not recorded maximum cooperation from the facility owners and most often they hinge their complaints on security, that the security situation in their host communities has made it difficult for them to clear such pollutions from the affected communities.
Chinda told our Abuja correspondent that the government is determined to beautify the environment as it targets the planting of five million trees in the state, with the co-operation of citizens.
The tree planting campaign recently launched in the state, he said, was meant to achieve this, stressing that if we all adopt one tree, “you will find that we planted about five million trees in Rivers State. It will check flooding and erosion and clears the air”.
Bar Chinda said in a quest to achieve a new healthy and beautiful environment, the government has begone a re-branding campaign of its citizens with the launching of RIVGREEN Initiative which covers special aspects and facets of the ministry’s operations, mobilization and enlightenment.
He said it is in line with this that the RIVGREE clubs and school societies were launched, noting that about 28 secondary schools all tertiary schools in the state, except College of Arts and Science (CAS) and Colleges of Education have RIVGREEN clubs, where the members are taughts on environmental issues on the 3Rs in waste management.
The 3Rs are Waste Reduction, waste Re-Use and Waste Recycling.
Also taught, Barr Chinda said, are global issues and carbon sequestration which is the process of cleaning the environment for example by planting more trees.
Business
Food Vendors, Others Relocate To New Site At PH Airport
The raging controversy between the Port Harcourt International Airport Management and restaurants/canteen operators and theirallies over relocation has been brought under control, as the operators have commenced relocation to their structures at the new site.
Recall that there had been serious feud over a directive by the Manager of the airport, Mr. Michael Area, for food vendors and their allies to relocate to the new site.
They insisted that the new site was too distant and hence, would negatively affect patronage from customers, with possible loss.
They further also insisted that it wouldcost them much money to put up another structure, given the economic situation in the country, since the airport management did not build any structure for them, apart from providing the empty land they have to also pay for.
The situation had led to flexing of muscles, which made the Airport Manager to order for sealing of all shops, resulting in scarcity of food, as airport users could not find a place to eat, apart from the only Genesis fast food spot available.
As at last Friday, The Tide observed that most of the food vendors had transferred their structures to the new place, and had started doing business there already.
Meanwhile, customers have started settling down at the new location as they were seen patronising shops for foods and drinks, in spite of the distance.
Few of the remaining structures at the old site, The Tide further gathered, will also be removed as quickly as possible, and the owners are making efforts to get funds for the job to be done.
One of them, Mrs Aka Love explained that she was going to relocate to the new place before the end of March.
Currently, business activities at the old site have come to null, as the place which was usually a beehive of food, drinks and relaxation, has completely winded down.
By: Corlins Walter
Business
MOWCA Strengthens Maritime Crime Prevention
Secretary General of the Maritime Organisation of West and Central Africa (MOWCA), Dr. Paul Adalikwu, has stepped up interaction with the United States Government to lift restrictions placed on some member countries allegedly implicated in illicit shipping activities.
Adalikwu, who led a delegation from the MOWCA Secretariat to the US Embassy in Abidjan for a first leg of the strategic consultation aimed at promoting seamless participation of MOWCA countries in international trade within the global maritime space, reiterated the organisation’s commitment to the best ethical and lawful maritime practices.
Addressing the U.S Ambassador to Côte d’Ivoire, H.E Mrs Jessica Davis Ba, the MOWCA SG stated the organisation’s interest in promoting the International Ship and Port facility Security (ISPS) code which aims at enhancing security of vessels and their ports of call.
He expressed the commitment of MOWCA in promoting environmentally friendly, safe and cost effective shipping without any encumbrance that may limit the economic potential of member countries.
Dr Adalikwu recalled that at the instance of the U.S. Department of State invitation, MOWCA participated in the 2023 Registry Information Sharing Compact (RISC) Conference in Larnaca, Cyprus, on February 28–March 1, 2023, and a virtual meeting held on June 6 2023, with Mrs Jennifer Chalmers, Officer in change of Counterproliferation Initiative.
He recalled The U.S. DOS willingness to support MOWCA’s effort for preventive maritime security through the establishment of the Center for Information and Communication (CINFOCOM) with the aim to ensure a maritime situational awareness domain within MOWCA’s member states’ waters.
He added that MOWCA under his watch is committed to training and retraining of maritime practitioners and experts to enhance the human capital capabilities of member states.
The CINFOCOM will help prevent transnational crimes committed at sea like sanctions evasion by North Korea and other state actors, who exploit poor enforcement due diligence by ship open registries to circumvent United Nations and U.S. trade restrictions.
By: Nkpemenyie Mcdominic, Lagos
Business
Nigeria’s Public Debt Hits N97.3trn – DMO
The Debt Management Office (DMO) has hinted that Nigeria’s public debt increased by 10.7 per cent from N87.87 trillion in the third quarter of last year, to N97.34 trillion as at December 31, 2023.
DMO, in an update data released last Friday, said the increase in the debt stock was largely due to new domestic borrowing by the Federal Government to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
The office noted that the N97.3 trillion public debt comprises of domestic debt of N59.12 trillion and external debt of N38.22 trillion. The sum of $3.5 billion was used to service external debt during the review period.
“Nigeria’s Public Debt Stock as at December 31, 2023 was N97.34trillion or $108.229 billion. This amount comprises the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 States Governments, and the Federal Capital Territory (FCT).
“There was an increase of N9.43 trillion over the comparative figure for September, 2023, which was largely due to new domestic borrowing by the FGN to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
“At N59.12 trillion, total domestic debt accounted for 61 percent of the total public debt stock, while external debt at N38.22 trillion accounted for the balance of 39 percent.
“Consistent with the debt management strategy, Nigeria’s external debt stock was skewed in favour of loans from multilateral (49.77 percent) and bilateral lenders (14.02 percent) or total of 63.79 percent which are mostly concessional and semi-concessional.
“Whilst the DMO continues to employ best practice in public debt management, the recent and on-going efforts of the fiscal authorities to shore up revenue will support debt sustainability”, DMO stated.
By: Corlins Walter
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