Oil & Energy

Bayelsa Schools Win NNPC/Shell Science Prizes

Published

15 years ago

November 1, 2010

Two schools in Bayelsa State have clinched the top prizes of the 2010 Nigerian National Petroleum Corporation and Shell Petroleum Development Company Science Competition for Secondary Schools in the state.

New Total Academy, Yenagoa, won the gold prize for creativity and innovation at the exhibition of various innovative works during the finals of the competition in Yenagoa last Tuesday.

It beat Government Secondary School, Tungbo to the second position with a silver trophy while Government Secondary School, Amassoma, came third with a bronze trophy.

On the other hand, Federal Government College, Odi, scored 14 points to win the finals of the science quiz competition, ahead of Government Secondary School, Amassoma, which garnered 12 points to emerge second while Government Secondary School, Okoroba had six points to place third.

All winning schools for the quiz contest received MSI Computer Desktops, MSI Laptop Notebooks, encyclopedias, certificates and cash prizes ranging from N20,000 to N50,000 each and each while the students got MSI Laptop Notebooks, cash prizes ranging from N5,000 to N10,000 each, among other prizes.

Similarly, all the winning science innovation exhibitors also took home MSI Computer Desktops, MSI Laptop Notebooks, and certificates. In addition, all the participating students in both contests and their teachers received a cash reward of N5,000 each.

Speaking in a keynote address, Shell’s General Manager, Social Performance and Community Relations, Tony Attah, said the competition was Shell’s modest contribution to the development of science education in schools in the state, stressing that with the commencement of the programme last year, Bayelsa students have shown noticeable improvement in their performances in the West African Examinations Council (WEAC), National Examinations Council (NECO), and Joint Admission and Matriculations Board (JAMB) examinations.

Represented at the event by the Social Performance Manager, Emeka Obi, he noted that with about 136 schools from the eight local government areas of the state participating in the two competitions, Shell was proud that its little contribution towards making lives more meaningful for the youths was beginning to yield positive dividends, with more students excelling in the sciences.

He lauded the Shell/Intel/ISED/Cinfores/BYSG/STAN partnership to enhance science education in schools in Bayelsa State, and challenged the students to work hard to excel in the national contest billed for Abuja next year, and join others in the United States to become one of the world’s most amazing students.

The Shell manager recalled the various investments made in upgrading infrastructures as well as award of scholarships to students in the education sector in Bayelsa State, and tasked the students to compete to benefit from the new Cradle to Career scholarship scheme aimed at providing quality education for hard-to-reach children in reputable schools in the region.

In her speech, Bayelsa State Commissioner for Education, Mrs. Josephine Ezonbodor, commended SPDC and its partners for including innovative works in the science competition, saying that this would sharpen the scientific skills of the students and also help close the yawning gap between theory and practice at the secondary school level.

The commissioner, who was represented by the Permanent Secretary, Dr Victoria Tekena, stated that the ministry has already taken a cue from the Shell programme to organize science competitions for secondary schools as a way of fast tracking the repositioning of the state as one of the most educationally advanced states in the country.

Nelson Chukwudi

Oil & Energy

NERC, OYSERC Partner To Strengthen Regulation

Published

10 hours ago

February 23, 2026

The Tide

THE Nigerian Electricity Regulatory Commission (NERC) has stressed the need for strict adherence to due process in operationalizing state electricity regulatory bodies.

It, however, pledged institutional and technical support to the Oyo State Electricity Regulatory Commission (OYSERC).

The Chairman, NERC, Dr Musiliu Oseni, who made the position known while receiving the OYSERC delegation, emphasised that the establishment and take-off of state commissions must align fully with the law setting them up.

Oseni said that the NERC remains committed to partnering with State Electricity Regulatory Commissions (SERC) to guarantee their institutional stability, operational effectiveness and long-term success.

He insisted that regulatory coordination between federal and state institutions is critical in the evolving electricity market framework, noting that collaboration would help to build strong institutions capable of delivering sustainable outcomes for the sector.

Also speaking, the Acting Chairman, OYSERC and leader of the delegation, Prof. Dahud Kehinde Shangodoyin, said that the visit was aimed at formally introducing the commission’s acting leadership to the NERC and laying the groundwork for a productive working relationship.

Shangodoyin said , the acting members were appointed to provide direction and lay a solid foundation for the commission during its transitional period, pending the appointment of substantive members.

“We are here to formally introduce the acting leadership of OYSERC and to establish a working relationship with NERC as we commence our regulatory responsibilities,” he said.

He acknowledged NERC’s readiness to provide technical and regulatory support, particularly in the area of capacity development, describing the backing as essential for strengthening the commission’s operations at this formative stage.

“We appreciate NERC’s willingness to support us technically and regulatorily, especially in building our capacity during this transition,” he added.

Oil & Energy

NLC Faults FG’s 3trn Dept Payment To GenCos

Published

10 hours ago

February 23, 2026

The Tide

The Nigeria Labour Congress and the Association of Power Generation Companies have engaged in a showdown over federal government legacy debt.

NLC president Joe Ajaero has faulted the federal government’s move to give GenCos N3 trillion from the Federation account as repayment for a power sector legacy debt, which amounts to N6.5 trillion.

In a statement on Thursday, Ajaero said the Federal Government proposed the N3 trillion payment and the N6 trillion debt as a heist and grand deception to shortchange the Nigerian people.

“Nigerians cannot and should not continue to pay for darkness,” Ajaero stated.

Meanwhile, the Chief Executive Officer of the Association of Power Generation Companies, APGC, Dr. Joy Ogaji, said Ajaero may be ignorant of the true state of things, insisting that the federal government is indebted to GenCos to the tune of N6.5 trillion.

She feared the longstanding conflict could result in the eventual collapse of the country’s power.

According to her, the federal government’s N501 billion issuance of power sector bonds is inadequate to address its accumulated debt.

Oil & Energy

PENGASSAN Rejects Presidential EO On Oil, Gas Revenue Remittance ……… Seeks PIA Review

Published

10 hours ago

February 23, 2026

The Tide

The Natural Gas Senior Staff Association of Nigeria(PENGASSAN) Festus Osifo, has faulted the public explanation surrounding the Federal Government’s recent oil revenue Executive Order(EO).

President of the association, Festus Osifo, argued that claims about a 30 per cent deduction from petroleum sharing contract revenue are misleading.

Recall that President Bola Ahmed Tinubu, last Wednesday, February 18, signed the executive order directing that royalty oil, tax oil, profit oil, profit gas, and other revenues due to the Federation under production sharing, profit sharing, and risk service contracts be paid directly into the Federation Account.

The order also scrapped the 30 per cent Frontier Exploration Fund under the PIA and stopped the 30 per cent management fee on profit oil and profit gas retained by the Nigerian National Petroleum Company Limited.

In his reaction, Osifo, while addressing journalists, in Lagos, Thursday, said the figure being referenced does not represent gross revenue accruing to the Nigerian National Petroleum Company Limited.

He explained that revenues from production sharing contracts are subject to several deductions before arriving at what is classified as profit oil or profit gas.

Osifo also urged President Bola Tinubu to withdraw his recently signed Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026.

He warned that the directive undermines the Petroleum Industry Act and could create uncertainty in the oil and gas industry, insisting that any amendment to the existing legal framework must pass through the National Assembly.

Osifo argued that an executive order cannot override a law enacted by the National Assembly, describing the move as setting a troubling precedent.

“Yes, that is what should be done from the beginning. You can review the laws of a land. There is no law that is perfect,” he said.

He added that the President should constitute a team to review the PIA, identify its strengths and weaknesses, and forward proposed amendments to lawmakers.

“When you get revenue from PSC, you have to make some deductibles. You deduct royalties. You deduct tax. You also deduct the cost of cost recovery. Once you have done that, you will now have what we call profit oil or profit gas. Then that is where you now deduct the 30 per cent,” he stated..

According to him, when the deductions are properly accounted for, the 30 per cent being referenced translates to about two per cent of total revenue from the production sharing contracts.

“In effect, that deduction is about two per cent of the revenue of the PLCs,” he added, maintaining that the explanation presented in the public domain did not accurately reflect the structure of the deductions.

Osifo warned that removing the affected portion of the revenue could have operational implications for NNPC Ltd, noting that the funds are used to meet salary obligations and other internal expenses.

“That two per cent is what NNPC uses to pay salaries and meet some of its obligations.The one you are also removing from the midstream and downstream, it is part of what they use in meeting their internal obligations. So as you are removing this, how are they going to pay salaries?” he queried.

Beyond the immediate impact on the company’s workforce, he cautioned that regulatory uncertainty could affect investor confidence in the sector.

“If the international community and investors lose confidence in Nigeria, it has a way of affecting investment. That should be the direction. You don’t put a cow before the horse,” he added.

According to him, stakeholders, including labour unions and industry operators, should be given the opportunity to make inputs at the National Assembly as part of the amendment process saying “That is how laws are refined,”