Rivers State Governor, Rt. Hon. Chibuike Rotimi Amaechi, has restated his call for the speedy passage of the Petroleum Industry Bill ((PIB) currently before the National Assembly in order to add value to the nation’s oil and gas industry.
Governor Amaechi made this call while declaring open the 3rd Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) Quadrennial Delegates Conference in Port Harcourt.
Represented by his deputy, Engr. Tele Ikuru, Governor Amaechi, said the call became imperative due to emerging changes in the global petroleum industry occasioned by the now rampant discovery of crude oil in numerous African countries and the United States discovery of technology to extract shale oil.
“The tides are turning. Maybe, some fifteen, twenty years ago, Nigeria was apparently the only country producing oil. We could choose who to sell to and who not to sell to. We could choose to beat prices and so on. If you listened very well in the course of this morning’s address, you will hear enumeration of several West African countries that have discovered oil to worsen the matter; the United States has now discovered a new technology for the extraction of shale oil. China has adopted this technology. United States has told us that in the next few years, precisely by 2022, they will stop importing 75% of the total crude they import today,” he said.
“In the next ten to fifteen years. The price of oil is likely to drop and even when you get your oil, you will have to beg somebody to buy it,” he said, and urged NUPENG to champion the course of passing of the PIB.
Meanwhile, Dangote, who was chairman of the occasion, said the desired reforms in the petroleum sector would only be achieved if the Federal Government could muster the required political will to conclusively drive the process. He described the bill as a bold step that would address the issue of corruption and ensure transparency in the sector.
The businessman, who was represented by Mr. Joseph Makoju, said the PIB is key to the survival of the Nigerian economy because it has the potential to attract investments and boost local capacity in the oil and gas industry.
However, NLC President, Omar, regretted that dark forces in the polity, particularly in the Executive and Legislative arms of government, as well as multinational corporations have been frustrating the passage of the bill. He described these dark forces as existential threat to the country.
According to Omar, crude oil production in the country has dropped in recent times. Therefore, the Federal Government should take decisive measures to end the menace of oil theft and artisanal refining, instead of lamenting haplessly.
Also, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, stressed that the passage of the PIB into law and the full implementation of government’s reforms would enhance Nigeria’s economy and drive growth.
For NUPENG President, Igwe Achese, some companies are leaving Nigeria to other African countries where oil has just been discovered in commercial quantity because of the delay in effecting holistic reforms in the country’s oil and gas sector.
Also speaking, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, represented by the Group Executive Director, Corporate Services, NNPC, Alhaji Ahmadu Sambo, stated that the Federal Government aims at transforming the sector from an oil-based industry to an integrated oil and gas industry by maximizing oil and gas sector value to the economy, revitalizing downstream capacity to support domestic energy needs and repositioning gas for rapid domestic regional and export penetration, noting that these reforms are embedded in the current PIB.
Speaking, President of the Nigerian Labour Congress (NLC), Comrade Abdulwaheed Omar, bemoaned the rise in crude oil theft in the country, stressing that government “must take the lead by acting rather than lamenting” to the curb the menace and rescue the industry from its adverse consequences.
Earlier in his welcome address, chief host and NUPENG President, Comrade Igwe Achese, said the conference with the theme: “Reforms in the Oil and Gas Industry: Catalyst for National Growth and Development, (What Prospect for the attainment of Decent Work Agenda?” intends to focus on the employment situations in the country and the working conditions of oil and gas workers.
90% Of Money Laundered Via Real Estate, EFCC Reveals
The Economic and Financial Crimes Commission (EFCC) says about 90 per cent of money laundering is done through the real estate sector.
The commission’s Chairman, Abdulrasheed Bawa, stated this while featuring on Channels TV’s Sunrise Daily, yesterday,
According to him, although the sector is monitored via the special control unit, more needed to be done.
According to Bawa, “One of the problems we have now is the real estate. 90 to 100 per cent of the resources are being laundered through the real estate.”
He said there are so many issues involved, but that they were working with the National Assembly to stop what he called “the gate keepers” as there would be reduction in looting if there is no one to launder the money.
Bawa, the EFCC boss, gave an example of a minister who expressed interest in a $37.5million property a bank manager put up for sale.
He said, “The bank sent a vehicle to her house and in the first instance $20million was evacuated from her house.
“They paid a developer and a lawyer set up a special purpose vehicle, where the title documents were transferred into.
“And he (the lawyer) is posing as the owner of the property. You see the problem. This is just one of many; it is happening daily.”
The EFCC chairman also revealed that he receives death threats often.
Asked to respond to President Muhammadu Buhari’s frequent “Corruption is fighting back” expression, Bawa said he was in New York, USA, last week, when someone called to threaten him.
“Last week, I was in New York when a senior citizen received a phone call from somebody that is not even under investigation.
“The young man said, ‘I am going to kill him (Bawa), I am going to kill him’.
“I get death threats. So, it is real. Corruption can fight back,” he said.
On corruption in the civil service, he said there were a lot of gaps, especially in contracts processing, naming “emergency contracts” as one.
Bawa said, “A particular agency is notorious for that. They have turned all their contracts to emergency contracts.”
However, he said, EFCC has strategies in place to check corruptions, one of which is “corruption risk assessments of MDAs”.
According to him, “I have written to the minister and would soon commence the process of corruption risk assessments of all the parastatals and agencies under the Ministry of Petroleum Resources to look at their vulnerability to fraud and advise them accordingly.”
Asked if the scope of corruption in the country overwhelms him, Bawa, the EFCC boss said, “Yes, and no.”
We’ve Spent N9bn To Upgrade RSUTH, Wike Confirms
The Rivers State Governor, Chief Nyesom Wike, says his administration has spent N9billion in upgrading structures and installation of new equipment at the Rivers State University Teaching Hospital (RSUTH).
He said the fact that 40 per cent of the 2021 budget of the state is dedicated to provision of quality healthcare delivery was a further demonstration of the priority placed on the sector.
Wike made the explanation at the foundation laying ceremony for the construction of a Renal Centre at RSUTH, last Friday.
The governor said he made promise to Rivers people that the best would be provided to them in all sectors of the society within his capability because of the mandate they gave to him.
“As we came on here, I just looked around and I see the changes in this teaching hospital. I can say that we have put not less than N9billion in this teaching hospital.
“If you look at the budget, the health sector alone, what it’s taking from the Rivers State Government is not less than 40 percent of the 2021 budget.”
Speaking further, Wike said the state government cannot afford to implement free medical service programme in the present economic circumstance.
While dismissing the request for a subvention for RSUTH, Wike, however, commended the chief medical director and his team for their commitment to turnaround the fortunes of RSUTH.
“I have never seen anywhere that health services can be totally free. They’re telling me that people who come here can’t pay. I have never declared that this state is going to take over the health fees of anybody.”
Also speaking, the former Minister of Transport, Dr. Abiye Sekibo, who performed the flag-off, noted that Wike’s achievements in the health sector in particular, surpass what former governors of the state had done.
Sekibo said that the governor has given equal attention to every section of the health sector by providing complete health infrastructure that was positioning the state as a medical tourism destination in Nigeria.
Earlier, the Rivers State Commissioner for Health, Prof Princewill Chike, lauded Governor Nyesom Wike for his interest in the health of Rivers people.
He noted that the renal centre, when completed, would become another landmark development project in the health sector that would handle and manage all kidney-related ailments.
In his remarks, the Chief Medical Director of the Rivers State University Teaching Hospital, Dr. Friday Aaron, commended Wike for approving the renal centre.
Aaron explained that chronic kidney disease was a major burden globally with estimated 14 million cases in Nigeria.
According to him, over 240,000 of these cases require renal replacement therapy in the form of dialysis and renal transplant.
The CMD said the building that would house the centre was expected to be completed in six months and consists of two floors.
The ground floor, according to him, would house the haemodialysis unit with eight haemodialysis machines.
He further explained that the first floor of the centre would house the surgical component where most of the sophisticated equipment for kidney transplant would be installed.
Aaron said Wike has released the funds required to build, equip the centre as well as for the training of personnel locally and internationally.
Power Generation Falls 23% To 3,172MW
Power supply in Nigeria has failed to improve on last week’s performance, as it fell by 22.9 per cent from peak generation of 4,115Megawatts on Saturday to 3,172.20MW as at 5pm, yesterday, latest data from the System Operator has shown.
According to the data, most power plants were operating far below capacity due to gas shortage with Olorunsogo Power Plant 335MW capacity; and Sapele Power Plant, 450MW capacity; completely out.
Egbin was generating at 746MW; Omoku 37.20; Omotosho (NIPP) at 105MW; while Afam was generating at 80MW.
The data showed that on the average power generation in the past seven days were 4,120.9MW on Sunday, June 6; 4,249.4 on Monday, June 7; 4,000.9MW on Tuesday, June 8; 3,720.7 on Wednesday, June 9; 3,517 on Thursday, June 10; 3,765MW on Friday, June 11; and 4,115MW on Saturday, June 12.
The International Oil Companies (IOCs), had last warned that despite Nigeria’s huge gas reserves a lot needs to be done to attract investment to the sector to develop gas reserves to boost power generation in the country.
Speaking at the just concluded Nigeria International Petroleum Summit, the Chair, Shell Companies in Nigeria/MD SPDC, Osagie Okunbor, said with 203trillion Cubic Feet of gas reserves, what was needed in the country is to deliver projects that would produce the gas.
“The challenge is not just growing the reserves but in producing these reserves for the benefits of our country. Essentially growing the reserves and delivering on the production is a function of two or three elements.
“I like to see infrastructure that is required for the development of these resources at two levels. Soft infrastructure is often the one that is more important than and that is the one that is actually drives most of what you see at site.”
“Soft infrastructure refers to the enabling environment and nothing pleases me as much seeing both the Senate President and the speaker of the house give very firm commitments about trying to pass the PIB this month.
“That is probably the big one of the enabling environment to provide the kind of stability we also need all sorts of other issues we need to that we have discussed severally in terms of sanctity of contract, stable policies and collaboration and I think we are well on our way there”, he added.
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