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PETAN, Others Leverage Local Content To Maximise Economic Gains Of AfCFTA

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The Chairman, Petroleum Technology Association of Nigeria (PETAN), Mr. Nicolas Odinuwe, has joined critical stakeholders in the oil and gas sector in Africa to deliberate on how to lay a solid foundation for the design of an African Local Content mechanism to maximise the economic benefits from the implementation of the African Continental Free Trade Agreement (AfCFTA) in the hydrocarbon value chain.
The pan-African engagement themed, ‘Fostering Local Content in Africa for Africans’, was hosted by the Nigerian Content Development and Monitoring Board (NCDMB) in collaboration with the African Petroleum Producers Organisation (APPO) in Yenagoa, Bayelsa State.
Odinuwe, speaking on behalf of Nigerian service companies, emphasised the role of legislation needed to create a regulatory mechanism to midwife the process and ensure independent funding that would promote small and medium enterprises (SMEs) to drive entrepreneurship and capacity building and promote inclusiveness and integration in the region.
He said that while African content was a relatively need concept, regional cooperation was not, and developing a standard local content framework would involve a conscious utilisation of goods and services available within the continent to exploit and produce Africa’s vast and largely untapped oil and gas reserves.
“The time has come for us to look beyond our local arrangements at the bigger picture, to see how we can harness available resources within our continent for our collective development and the key to unlocking this potential is collaboration”, he said.
He, therefore, advised that the regional local content regulatory model incorporate provisions that will ensure that its minders are people of the right skill set who will help direct capital to where there are opportunities as local content does not always develop commensurately with capital flows.
He commended the efforts of the NCDMB through its committed leadership for the successful implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act which has exponentially grown the capacities and capabilities of Nigerian service companies, including that of PETAN and created synergy among stakeholders through constructive engagements and innovative programmes to encourage and incentivise local companies to form joint ventures with foreign companies to ensure technology transfer as well as the development of young minds in the field of Engineering through Science and Technology Innovation challenges and vocational trainings.
He noted that PETAN’s partnership with the NCDMB and other critical stakeholders have ensured that indigenous companies were creating the needed domestic production linkages to ensure that the extractive industry makes significant contributions to accelerate the economic growth and development of Nigeria and now Africa.
While urging an enabling environment to create a private-sector-led regional oil and gas industry, Odinuwe described the African Continental Free Trade Agreement (AfCFTA) as a key enabler which has helped to widen the path for Africa as the next global energy hub with great investment opportunities.
“Governments across Africa”, he charged, “especially the Sub-Saharan Africa oil and gas producing countries should provide the necessary incentives to attract private-sector investments across the entire value chain of the oil and gas industry. Using oil and gas as its critical resources, Africa speedily promotes its development”.
He added that PETAN, as the foremost leading advocacy group of over 300 indigenous oil and gas service companies with over 30 years experience across the entire value chain of the industry will always be ready to partner relevant national and regional stakeholders to share experiences and expertise as well as nurture, mentor and invest in available opportunities across the region and continent.
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, express the commitment of the board to facilitate linkages among all stakeholders in the oil and gas value chain, and thanked participants for their desire to push the envelope for the development of the continent.
Wabote stated that African countries have been fascinated by the remarkable impact and achievements of Nigeria in the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and the development of its hydrocarbon resources which is anchored on the philosophy of in-country value addition.
He said that this has inspired some African countries to undertake a study tour to Nigeria to understand the NCDMB delivery model with some signing similar local content laws or policies based on insights from Nigeria.
He added that the APPO Charter on Bilateral Cooperation among oil producing countries as well as the signing of the AfCFTA were bold steps which has prompted a new era for the galvanisation of the region towards regional cooperation around developing capacities and capabilities to deliver oil and gas services in the continent.
Also speaking, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said the government working to create enabling environment for businesses in the sector to thrive, and build wealth for the country.
In his remarks, the Secretary-General of the African Petroleum Producers Organisation (APPO), Dr, Omar Farouk Ibrahim, said that players in the sector were exploring investment opportunities to jump-start a new era in the industry.
It would be recalled that PETAN spearheaded a steering committee at its recently concluded Sub-African International Petroleum Exhibition and Conference (SAIPEC) 2021 following passionate calls for regional collaboration and deepening of local content by stakeholders across Africa.
Discussions focused on evaluation of regulatory models for the governance, funding and monitoring of local content implementation in frontline economies, laying a solid foundation for the design of an African Local Content programme to maximise economic benefits from implementation of the African Continental Free Trade Agreement (AfCFTA) in hydrocarbon value chain and data sharing on capacities that exist around skills, infrastructure, facilities, assets and funding for exploration, field development and production activities in Africa.
Representatives from the African Union (AU), the United Nations Conference on Trade and Development (UNCTAD), the Economic Community of West African States (ECOWAS), the African Development Bank (AfDB) and the United Nations Industrial Development Organisation (UNIDO) attended the event.

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Nigerians Hit As Iran Rains Missiles On UAE

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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.

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Fubara  Swears in Five New Commissioners …Says Their Best Is Needed for Rivers Dev

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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.

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Navy Destroys Illegal Refinery In Rivers, Intercepts Stolen Fuel In C’ River

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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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