Connect with us

News

Mobil, Other Oil Firms Not Exiting Nigeria -Kachikwu …As FG Gives Condition For Fuel Subsidy Removal

Published

on

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says that no International Oil Company (ICO) is planning to exit Nigeria contrary to reports in some section of the media.
Kachikwu made this known while briefing newsmen after facility tour of ExxonMobil Erha Floating Production Storage and Offloading vessels (FPSO) in Lagos yesterday.
“I have confirmed that it is not true, there are going to be here for a long stay, they will be here over the next 50 years, they are looking for more, they are doing all kinds of things, they just begun the exploration campaign first time in four years because of the new cash call policies we put in place.
“That is not a sign of somebody who is exiting. But different from not exiting is to be aggressive. ExxonMobil needs to be more aggressive in terms of development policies,’’ he said
He added that ExxonMobil needs to be more aggressive with business as Bonga Southwest was almost on FID, Egina just kicked off and Agip is struggling to get Zabzaba online.
“So, I need to see a very robust development,’’ he advised
Mr Richard Laing, ExxonMobil Executive Director, Production commended the minister for making out time to visit the facility and reiterated that the company had no plans to exit Nigeria.
“We are happy with Nigeria, We have our differences, and we don’t agree on everything, we are happy and content. We are delighted over the minister’s visit and we are happy that he has come back to his spiritual home.
“As the minister said, the corporation has been here for many years, we intend to stay, we have ambitious growth programmes to build wealth and grow business to make more profit, key into the gas commercialisation project.
“We fully support what the minister said and we look forward to working with him,’’ he said.
Meanwhile, the Federal Government has given conditions for the removal of subsidy on premium motor spirit, also known as petrol.
The conditions include: provision of alternative cushioning measures mutually agreed between stakeholders to protect the economically vulnerable members of the population.
Finance Minister, Zainab Ahmed, stated this at the press briefing marking the end of the 2019 Spring Meetings of the World Bank and the International Monetary Fund, IMF, in Washington DC, USA, yesterday.
She however said the Federal Government is yet to arrive at such measures.
She said there is no immediate plan to remove fuel subsidy, contrary to speculations that have led to the emergence of fuel queues in some parts of the country.
According to her, “At the IMFC meetings, the Managing Director requested for a mandate to pursue some negotiations with Governors for temporary financing options for ensuring that the Fund remains adequately resourced by maintaining the current resource envelope of the Fund through borrowed resources. This arose partly due to the delay in completing the 15th general review of quotas.
“While Governors endorsed this position, we called for an ambitious timetable for the 16th General Review of quota which should result in increased quota shares for dynamic economies in line with their relative positions in the world economy, while protecting the voice and representation of the poorest members.”
She further called for the normalisation of trade relations among the contending parties and called for concerted efforts to support multilaterism and avoid protectionist sentiments.
She added, “There is no imminent plan to remove fuel subsidy. We are here to discuss with the global community on various policy issues.
“One of the issues that always come up in the report, especially by the IMF as a corporate body is how we handle fuel subsidies. IMF is saying fuel subsidies are better removed so that you can use the resources for other important sectors.
“In principle that is a fact. But in Nigeria, we don’t have plans to remove fuel subsidy at this time because we have not yet designed buffers that can enable us remove fuel subsidy and provide cushions for our people. So there is no plan to remove fuel subsidy.
“We will be discussing with various groups . If we have to, what are the alternatives? We have not yet found viable alternatives . So we are not yet at the point of removing fuel subsidy.
“We also met with the World Bank Power Sector team and discussed the way forward on the Proposed USD1 billion Nigeria Performance Based Loan (PBL). We agreed to bring relevant MDAs together to ensure that we advance this in a timely manner.
“We will also discuss the Country Portfolio Performance of Nigeria which currently stands at $9.8 billion with the Nigerian Country team at the World Bank and how we could manage the portfolio for optimum results.”

Continue Reading

News

LG Boss Uncovers Bloodstained Army Uniform At ‘Cocaine Village’

Published

on

The newly inaugurated Chairman of Eleme Local Government Area, Obarilormate Ollor, has gone to ‘Cocaine village’ at Eleme Trailer Park to execute Governor Nyesom Wike’s quit order on residents of the illegal settlement when he made a shock discovery in one of the rooms.

Ollor had visited the area notorious for drugs and crimes, last Sunday, along with some security personnel to serve the quit notice on residents but met the area deserted—an indication that someone had alerted them about the visit.

Out of curiosity, the chairman opened one of the rooms in the ghetto-like settlement, and found the bloodstained uniform of a soldier, his knife and ATM card.

The chairman and his entourage had expressed suspicion that criminals in the area had killed the owner of the uniform and robbed him.

Ollor said, “Remember that a week ago, His Excellency, the Executive Governor of Rivers State, Chief Nyesom Wike, gave a directive that all illegal structures be removed. As the chief security officer of the local government, I am under that obligation.

 “What we are doing here today is to inform them in advance and to remind them that the ultimatum still holds. So, on or before June 26, they should move out.

“What we have here is a mixed population of criminals, armed robbers, drug dealers, and even those who allegedly trade in human parts. Right now, we just found the uniform of an Army man who probably may have been killed. His blood all over the room and uniform, his knife and ATM card, which we have given to the police.”

The Rivers State Police Command has reportedly swung into action to unravel the perpetrators of the alleged crime.

Spokesman of the police, SP Nnamdi Omoni, said that the command had received reports about criminal activities in the area, including the alleged killing of a soldier.

Omoni said, “We have gotten complaints and reports of drug traffickers, criminal elements, human organ dealers, kidnappers and more from there.

“Though we have been carrying out investigation into all of the reports but thank God, we now have a good lead and evidence.

“We have been mandated by the state government to carry out massive arrest within the environs to ensure we arrest and prosecute all those persons involved.”

Residents said that the ‘Cocaine village’ is a haven for drug dealers and users, adding that security operatives also patronize the area.

An aide of the Eleme LG chairman, who spoke off-the-record said, “The governor received an intelligence report that the slum harbours criminals and drug addicts who carry out series of crimes, human organ trafficking, abductions and many other criminal acts in the LGA and state at large.

“We learnt also that some security men troop in there off and on to buy drugs and indulge in one crime or the other.

 “The military uniform stained with blood, knife and motorcycle discovered were found in one of the rooms we opened.

“The badge of the military uniform was removed and there were heavy blood stains on the uniform.

“We went there with some police men as assigned to us by the Commissioner of Police, Rivers State Command, Eboka Friday”, he added.

Continue Reading

News

Insecurity Hasn’t Hindered Projects’ Execution In Rivers, Wike Affirms

Published

on

The Rivers State Governor, Chief Nyesom Wike says that his administration has fearlessly tackled insecurity headlong and created an enabling climate for smooth delivery of quality development projects.
Wike made the assertion at the inauguration of 16.2-kilometre long Omueze-Umuogba-Umuokpurukpu-Umueke-Umunju-Eberi Road project in Omuma Local Government Area of the state, yesterday.
The governor noted that while other states of the country were still struggling with issues of insecurity, Rivers State was witnessing harvest of development projects with the non-stop inauguration and flag-off ceremonies to their amazement.
“Don’t fight anybody that God has blessed. Don’t fight the state that God has blessed. People are talking about insecurity. We are talking about commissioning and flagging-off of projects. Is it easy? If it is easy, let them try it.”
Wike asserted that it is only states controlled by the Peoples Democratic Party (PDP) like Rivers that has created a peaceful climate for the citizens while the government delivers democratic dividends.
“Those who say they don’t like what PDP is doing, they have no choice but to like it. You can see what the party (PDP) is doing. We are flagging-off and commissioning projects. Whether they like it or not, we are in charge.”
The governor said it is obvious that Rivers State is no longer on the same level with states that cannot provide dividend of democracy to their people.
Wike said the performance of his administration has restored confidence in Rivers people and they can walk with their heads raised high.
“Rivers people, are you not proud of your state? If you’re a Rivers man, anywhere you go, raise your shoulder high and say that you’re a Rivers man and woman. “They (other parties) can only jealous us, but they cannot do anything. We are of different class. We are not on the same level with them.”
Speaking further, Wike commended the member representing Omuma State Constituency, Hon. KelechiNwogufor his loyalty to PDP.
He also extolled him for his commitment to the welfare of Omuma people and being a trusted ally to him.
At the behest of Nwogu, Wike promised Omuma people that his administration would reconstruct the Umuakali-Eberi Road in appreciation of their support to the PDP.
Inaugurating the project, former President of the Senate, Senator Adolphus Wabara, noted how Wike has redefined governance and broken the jinx of non-performance associated with second tenure governors.
According to him, the approach to development that the governor has adopted stands him out as a much sought-after leader who should be consulted in solving critical national issues related to governance.
“With my experience in elective politics, second terms of most governors are dull; some governors will just go to sleep because they don’t have anything to offer. But you are still commissioning projects, as if you’re not even going to leave.
“Your developmental approach, your developmental plans, and formula should make you an international consultant to the failing government. Because, quite frankly, the magic, I mean, nobody knows except you. You do it with ease, you do it with happiness.”
Providing the description of the project, Rivers State Commissioner for Works, EllokaTasie-Amadi said the Omueze-Umuogba-Umuokpurukpu-Umueke-Umunju-Eberi link road in Omuma Local Government Area was another genuine efforts of the Wike administration to ease the transportation difficulties experienced by rural dwellers in the Omuma.
“Many of these rural projects go unsung probably because the residents are not social media savvy, as in the case of Omuma, who are predominantly farmers, or probably because SM activities are not a part of their past times as it is with city dwellers.
“It may shock you to know that for every kilometre of road we have built in the city we have built 12kms or more in the rural areas. This is a conservative estimate I would like you to ponder upon when you get home.”
He further stated, “This project is a 16.2km long, 10.3m wide road project which has 4.3km of drains. The roads are marked and have a total of 27 road signs to aid driving and enhance public safety.”

Continue Reading

News

Wike Flags Off Abonnema/ Obonoma Sandfilling Project, Today

Published

on

All is now set for the flag-off of the Abonnema/Obonoma Sandfilling project in Akuku-Toru Local Government Area of Rivers State.
A statement signed by the state Commissioner for Information and Communications, Pastor Paulinus Nsirim, yesterday, said that, “the project will sandfill 42 hectares of land that will help expand Abonnema and Obonoma Towns.
“It is in fulfilment of the promise made by Governor Nyesom Wike during the commissioning of the Abonnema Ring Road”.
The statement further added that, “The rich culture and tradition of the Kalabaris will be fully on display at the event.
“Please, note that all Covid-19 protocols will be observed at the event”, it stressed.

Continue Reading

Trending