Business

Belemaoil Explains Projects Execution In North -Jack-Rich Tein Jr

Published

7 years ago

July 15, 2019

In its continued drive to bring succor to the people of host communities, Niger Delta region and Nigeria at large, leading indigenous oil producing Company, Belemaoil Producing Ltd., operators of the NNPC/Belemaoil JV, has commissioned water and road projects in Northern Nigeria.
The projects were executed in Katsina, Bauchi, Gombe and Sokoto States, under the NNPC/BelemaoilJoint Venture.
Speaking at the commissioning of the projects, President/Founder of Belemaoil Producing Ltd., Mr. Jack-Rich Tein Jr., said the projects are part of the ways of promoting oneness and unity in Nigeria and to better the lots of the people and give them a better lease of life.
Tein Jr. said as someone who comes from a community that lacked potable water for hundreds of years, he understood the plights of the people of the communities who had to travel miles to get drinkable water.
He said, despite political differences and affiliations, Nigeria has remained one country and Nigerians must build bridges that promote love and oneness.
He said: “This gathering here today is as a result of our desire to share fellowship, to share oneness, a one united country called Nigeria. Nigeria is one indivisible country that is centred on love irrespective of the political insinuations, affiliations and we must as a matter of fact build bridges that unite us. Political parties are platforms we use in showcasing our interests but when we get back to these political parties, Nigerians get back to us.
“We are here to demonstrate oneness; we are here to demonstrate love. You here in the north and myself from the Niger Delta, are one. Every country, the U.S., UK, Europe, they all have their challenges but when you have a challenge what you do with that challenge draws you to solution. So, the challenges we are going through as Nigerians is to bring us together and design new ways of making Nigeria a better country.
“When my friend, Umar Kumo (PA on Special Duties to SGF) mentioned this project to me, I said what your community is facing; my community is also going through. My community has been there for six, seven hundred years with so much wealth in terms of natural resources and all that but lacked potable drinking water. We drink from contaminated stagnant stream and well water that has been contaminated.
“He said to me, my community travels about 10-12 kilometres in search of water and I promised them that because NNPC love community development, I will initiate the project and see how we can embark on them. We are happy that this project has come to a successful end and we are commissioning themt today.”
The President/Founder of Belemaoil, thanked the NNPC and President Muhammadu Buhari for supporting the project and for granting the company the operatorship license of the OML-55, which has given the company opportunity to better the lots of many across the country. He, however, charged the people to guard the projects jealously and maintain them for the continued good of the people.
In his speech, the Group Managing Director of NNPC, represented by Mrs. TolulopeDerin-Adefuwa, called on the people to make good use of the projects. He said NNPC embarks on community development projects through its partnerships for grassroots development.
He said: “We are partnering with Belemaoil JV to bring this project to us. It is our firm and strong belief on our part to support the communities nationwide and we do this through joint partnerships, we do this with our products sharing contract companies to deliver community development projects to the whole of Nigeria. We do economic empowerment programmes which we deploy relief materials to the IDP Camps, we do Education programmes, we do scholarships and so many other projects which we believe will touch the lives of the citizens of Nigeria.”
High points of the ceremony were the Turbaning of the President/Founder of Belemaoil Producing Ltd as SarkinRuwan Hausa by the Emir of Daura, HRH Alh. (Dr) Umar Farouq Umar, in Katsina State and SarkinRuwan Akko, by the Emir of Akko, Gombe State, HRH.Alh.Umaru Muhammadu Atiku (Lamidon Akko), respectively.

Business

Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

Published

3 days ago

April 10, 2026

The Tide

The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.

The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.

Ogan stated that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.

He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.

According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.

Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.

He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.

NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.

He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.

Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.

He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.

Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.

He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.

According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.

To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.

King Onunwor

Business

NPA Targets N1.489tn Revenue In 2026

Published

3 days ago

April 10, 2026

The Tide

The Management of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.

NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.

The Managing Director NPA, Dr Abubakar Dantsoho, stated this during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.

Dantsoho said the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.

According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and

N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).

The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”

Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.

“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.

“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.

“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.

On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).

“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.

Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.

“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.

Chinedu Wosu

Business

NPF Disburses ?21.68m To Fallen Heros’ Families …Reinforce Welfare Commitment

Published

3 days ago

April 10, 2026

The Tide

Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.

The gesture formed a major highlight of the activities marking the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.

The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.

He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.

Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.

The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.

He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.

Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.

They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.

The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.

The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.

King Onunwor