News
Amaechi Kick-Starts $30m Pet Plant At Indorama
The Rivers State Governor, Rt Hon Chibuike Rotimi Amaechi, yesterday inaugurated a $30million world-class Polyethylene Terephthalate (PET) Plant built by Indorama Group at Eleme Petrochemicals Limited, in Eleme, near Port Harcourt.
While commissioning the 86,000 tonnes per year largest PET Plant in Sub-Sahara Africa, Amaechi insisted that only industrialisation and job creation would stem the tide of crime in the country.
The governor, who commended Indorama for the prompt completion of the new PET Plant, few months after it announced an investment portfolio of $2billion for PET, fertiliser and methanol projects in the next five years, said the projects would go a long way in helping the country realise its vision 2020 goals.
According to him, “key to us as a government is expansion of the state’s economic base, and the fact that Indorama Eleme Petrochemicals will create new employment opportunities for our people. We believe that as more industries spring up in the state, we will be able to reduce the crime rate, and once you create employment opportunities, you put those opportunities in the hands of Rivers people”.
He advised Eleme people not to take any action that could frustrate smooth operations of the petrochemicals company, warning that the law to deal with anyone who disturbs the operations of any company would be invoked on trouble makers in any part of the state.
Amaechi commended Indorama Eleme Petrochemicals for discharging its corporate social responsibilities to its host community, and urged the management to continue in that spirit.
Speaking, Group Managing Director of Indorama Corporation, Amit Lohia said the new PET Plant has capacity for producing 86,000 metric tonnes of PET resins per annum, adding that Indorama’s dream was to turn Nigeria into a net exporter of PET resins.
Lohia stated that for now, Nigeria imports 100 per cent of its local demand for PET resins, and pledged that very soon, Indorama’s PET production would cover all local demand and exports to neighbouring African countries.
“Our new PET Plant has capacity to help Nigeria to save a whopping $140million from import substitution,” stressing that polyethylene terephthalate, is raw materials highly needed by the plastics, foods, beverages, pharmaceuticals, breweries and allied industries.
According to him, application of PET is largely in bottles for table water, aerated water, fruit juices, drugs, beers, beverages, among others.
The Indorama group managing director noted that PET Plant was the second in Africa, the first, a 120,000 metric tonnes capacity plant located in South Africa, while the Indorama PET Plant is the first in Sub-Sahara Africa.
Lohia said Africa’s total demand for PET resins stood at 500,000 metric tonnes per annum, emphasising that even with Indorama Eleme Petrochemicals’ 86,000 metric tonnes per annum and South Africa’s 120,000 metric tonnes per annum, African continent still has growth potentials of over 300,000 metric tonnes of PET resins.
Managing Director, Indorama Eleme Petrochemicals Limited, Manish Mundra, listed the success story of Indorama since it acquired the Eleme Petrochemicals Company Limited in 2006 through the privatisation programme of the Federal Government, adding that “we are committed to our investments in Nigeria.”
Mundra said that Indorama was operating an excellent model of public private partnership in which case the petrochemicals company was now owned by core investor with 65 per cent stake, Federal Government through the Nigerian National Petroleum Corporation (NNPC) and Bureau of Public Procurement (BPE) with 15 per cent, Rivers State Government with 10 per cent share, host community (7.5 per cent) and employees (2.5 per cent).
Also speaking, Chairman, Manufacturers Association of Nigeria (MAN), Rivers State branch, Mrs Emilia Akpan, said the coming on stream of the Indorama PET Plant was a major boost to Nigeria’s quest for industrialisation.
Nelson Chukwudi
News
Nigerians Hit As Iran Rains Missiles On UAE
Nigerians were among more than 140 residents injured after Iran launched multiple ballistic missiles and unmanned aerial vehicles at the United Arab Emirates, at the weekend.
This raised fresh fears for thousands of Nigerians living and working in the Gulf nation.
The UAE Ministry of Defence disclosed last Saturday that its air defence systems intercepted several missiles and drones fired from Iran, describing the attack as a major escalation in the ongoing regional tensions.
In a statement posted on its official X handle, the ministry said its air defence units engaged nine ballistic missiles and 33 drones during the latest assault on March 14.
It added that the attacks left six people dead and 141 others injured, including foreign nationals.
“The UAE air defence systems on March 14 engaged nine ballistic missiles and 33 UAVs launched from Iran,” the ministry stated.
“Since the onset of this blatant Iranian aggression, UAE air defences have engaged 294 ballistic missiles, 15 cruise missiles, and 1,600 UAVs launched from Iran,” UAE added.
According to the ministry, those killed in the attacks included citizens of the UAE as well as foreign nationals from Pakistan, Nepal and Bangladesh.
“Although the authorities did not specify the exact locations where the casualties occurred, the ministry said the injured victims were from several countries, including Nigeria.
Others affected include residents from Egypt, Sudan, Ethiopia, the Philippines, Pakistan, Iran, India, Bangladesh and Sri Lanka.
The list also included Azerbaijan, Yemen, Uganda, Eritrea, Lebanon, Afghanistan, Bahrain, Comoros, Türkiye, Iraq, Nepal, Oman, Jordan, Palestine, Ghana, Indonesia and Sweden.
The Tide reports that this development has sparked concern among Nigerian communities in the UAE, where thousands of citizens live and work in sectors such as construction, hospitality, logistics and trade.
Data from Nigeria’s diaspora commission shows that the UAE remains one of the largest destinations for Nigerian migrants in the Middle East, particularly in the emirates of Dubai, Abu Dhabi and Sharjah.
The Nigerian government had in recent years raised concerns over the safety and welfare of its citizens in the country following diplomatic tensions and visa restrictions affecting Nigerians.
Saturday’s attacks have now heightened anxieties within the diaspora community, especially as the Gulf region faces growing military confrontations.
In its statement, the UAE Ministry of Defence said the country remained fully prepared to confront any threats to its security.
“The Ministry of Defence remains fully prepared and ready to deal with any threats and will firmly confront any attempts to undermine state security in a manner that ensures the protection of its sovereignty, security and stability, and safeguards its national interests and capabilities,” the ministry said.
In a separate update, the ministry noted that its defence systems were still actively intercepting missiles and drones.
“UAE air defences are dealing with Iranian ballistic and cruise missiles and drones,” it said.
Regional media reports indicate that the attacks form part of a wider escalation of hostilities between Iran and Western-backed forces in the Middle East.
According to Al Jazeera, Iran has continued sustained missile and drone strikes across the Gulf despite protests from neighbouring states.
The strikes were said to be in retaliation for military operations launched by the United States and Israel against Iranian positions in the region.
Tehran targeted several Gulf countries, including Saudi Arabia, Qatar and the UAE, late on Friday and into Saturday.
The attacks also caused infrastructural damage in parts of the UAE.
Meanwhile, Iran’s elite military wing, the Islamic Revolutionary Guard Corps, warned that US interests in the UAE would remain legitimate targets.
Iranian state media reported that the group issued the warning after US forces attacked Iranian-controlled islands.
The IRGC specifically mentioned ports, docks and military installations linked to the United States as potential targets.
It also urged residents in the UAE to evacuate areas around ports and military facilities to avoid civilian casualties.
Security analysts say the growing exchange of threats and strike across the Gulf could destabilise the region’s economic and aviation activities if the conflict escalates further.
Nigeria’s Ministry of Foreign Affairs has yet to issue an official statement on the incident as of the time of filing this report.
News
Fubara Swears in Five New Commissioners …Says Their Best Is Needed for Rivers Dev
Rivers State Governor, Sir Siminalayi Fubara, has charged the five new commissioners sworn-in last Wednesday to put in their best for the development of the State.
Fubara gave the charge during the swearing-in of the commissioners at the Executive Council Chambers of the Government House, Port Harcourt, last Wednesday.
This followed the successful screening of the five commissioners by the Rivers State House of Assembly, last Tuesday.
The five commissioners are Tonye Bellgam, Prof. Temple Nwofor, Dr. Peters Nwagor, Mr. Lekue Kenneth, and Sir Amairigha Edward Hart.
The Tide reports that the governor had sent nine commissioner-nominees to the Assembly for screening, but the Assembly confirmed only five nominees and rejected the nomination of four over various allegations.
Those rejected by the Assembly are Prof. Dantonye Alasia, Mrs. Charity Demua, Mr. Tamuno Williams, and Otonye Amachree.
The governor congratulated the new commissioners on their appointment, noting that their thorough screening by the Rivers State House of Assembly was a proof of their capabilities.
He urged them to deploy their wealth of experience in various fields and put the State on a fast lane of development.
“Ordinarily, I am supposed to charge you on your responsibilities and how to operate. But that has been taken care of by the screening at the Assembly.
“I believe that going through one of the most rigorous screenings, it is enough to say that for those of you who succeeded, you are fit and ready to deliver to our dear State.
“So there is no further charge. The screening was the charge, so I wish you the best as I don’t expect anything less than the best from you,” Fubara said.
News
Navy Destroys Illegal Refinery In Rivers, Intercepts Stolen Fuel In C’ River
The Nigerian Navy has intensified its crackdown on crude oil theft and illegal bunkering, destroying a reactivated illegal refinery site in Rivers State and intercepting suspected stolen petroleum products in Calabar, Cross River State.
The Director of Naval Information, Capt Abiodun Folorunsho, disclosed this in a statement released in Abuja, yesterday.
Folorunsho said personnel of the Nigerian Navy Ship SOROH, operating under Operation DELTA SENTINEL, destroyed a reactivated illegal refinery site at Okolomade Community in Abua-Odual Local Government Area of Rivers State.
He said the action followed credible intelligence that a previously dismantled illegal refining site had resumed operations.
According to him, an Anti–Crude Oil Theft team deployed to the location discovered that the dismantled refining oven had been reconstructed.
“Further exploitation of the area led to the discovery of additional refining equipment and storage facilities containing about 3,000 litres of product suspected to be illegally refined Automotive Gas Oil (AGO),” he said.
Folorunsho added that the illegal refining infrastructure, including ovens, storage tanks, hoses, connected pipes and newly acquired metal components used for illegal refining, was destroyed in line with operational procedures.
He said personnel of the Nigerian Navy Ship Victory, in another operation, intercepted about 3,950 litres of suspected stolen petroleum products at the Nigerian Ports Authority area in Calabar, Cross River State.
He said the interception was based on credible intelligence on suspected siphoning of petroleum products from vessels berthed at the port.
The naval patrol team, according to him, swiftly deployed to the area and traced the illegally siphoned products to a trailer park within the port facility.
“On sighting the naval patrol team, the suspected perpetrators fled the scene, after which the area was cordoned off and the illegally siphoned products secured,” he said.
Folorunsho said further inspection led to the recovery of about 3,950 litres of Automotive Gas Oil stored in drums and jerrycans, which had been evacuated to the naval base for further necessary action in line with extant regulations.
He noted that the successes aligned with the directive of the Chief of the Naval Staff, Vice Adm. Idi Abbas, to intensify operations against crude oil theft and other maritime crimes across Nigeria’s maritime domain.
Folorunsho reiterated the Navy’s commitment to sustaining the operational tempo of Operation DELTA SENTINEL through intensified surveillance, patrols and intelligence-driven operations aimed at combating crude oil theft, illegal bunkering and other forms of economic sabotage.
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