News
Brazil, Nigeria To Sign MoU On Energy
The NNPC and Brazil’s Petrobras have concluded arrangements to sign a memorandum of understanding in oil exploration, production and gas and power development.
The Vice President, Alhaji Namadi Sambo, made this known at a meeting with the management staff of the NNPC and Petrobras in Brassilia on Monday.
He said the MoU which would also include research and development, refining and petrochemical and oil marketing and trading would be signed in February in Abuja.
He said the MoU would be beneficial to both Nigeria and Brazil, adding that it would also enable Nigeria to secure adequate gas supply for its thermal power plants.
He disclosed that 10 new thermal power plants would soon be completed across Nigeria to boost electricity supply in the country.
The vice president further announced that Nigeria would soon commence the provision of electricity supply to all families, similar to the Brazilian “Light for All” programme.
He maintained that this had become imperative in view of the fact that the Nigerian economy was directly related to energy, saying that “where there is power the economy improves”.
Sambo expressed the hope that the MoU would assist Nigeria in meeting the power needs of its people.
In his remarks, the President of Petrobras, Jose Gabrielli De Azevedo, described the MoU as a welcome development for both countries.
He said the company, which recently raised 17 billion dollars from the international stock market for its expansion programme, planned to invest 224 billion dollars in the oil and gas sector in the next 10 years.
He revealed that Petrobras was refining an average of 2 million barrels of oil per day from 11 refineries, and planned to establish additional five refineries in the next five years.
Azevedo, who further disclosed that 51 per cent of the oil being consumed in Brazil was refined from sugarcane, said that 60,000 staff members were being trained annually by the company at its resource development centres within and outside Brazil.
He expressed the readiness of Petrobras to assist NNPC in the training of its staff in the areas of oil and gas, energy and power sectors for the transformation of the Nigerian economy.
In his contribution, the Group Managing Director of NNPC, Mr Stephen Oniwon, stated the MoU would enable NNPC to market its products in Brazil and U.S.A.
He said Nigeria would also commence the exportation of Liquefied Natural Gas (LNG) to Brazil to address the shortage of gas in the country.
Similar meetings on energy and power were held by the vice president and officials of the ministries of power, foreign affairs, as well as NNPC and the presidency with various companies and stakeholders who had shown interest to invest in Nigeria.
News
We’ll Drive Tinubu’s Vision in Rivers With Vigour – Fubara …Inaugurates Dualized Ahoada/Omoku Road ….Debunks Rift With RSHA
Rivers State Governor, Sir Siminalayi Fubara, has stated that he will lead Rivers people to galvanize support for President Bola Tinubu to drive the vision and objectives of the Renewed Hope Agenda in the State with vigour.
The governor, who joined the ruling All Progressives Congress (APC), on Tuesday, explained that his decision to join the APC was not for personal interest but for the overall benefit of Rivers State.
Fubara disclosed these while inaugurating the extension of the dualized Ahoada/ Omoku Express road in Ahoada East and Ogba Egbema Ndoni Local Government Areas of Rivers State.
He commended the contracting firm, Julius Berger, for timely delivery of the project, saying the project is a campaign promise fulfilled which will bring economic benefits to the people and tackle issues of insecurity associated with the route.
He said his administration has remained focused in delivering democratic dividends in the state despite facing glaring challenges.
The governor thanked the people of Ahoada East and Ogba Egbema Ndoni Local Government Areas for their continuous support, and urged his supporters to remain steadfast and also support President Tinubu who he said, has demonstrated love to Rivers State as a father.
Fubara denied having rift with the Rivers State House of Assembly, stating that his meeting with the lawmakers was stalled as a result of delay in the agreed meeting to be convened by former Governor Nyesom Wike and other stakeholders for him to meet with the state lawmakers.
“I have made every effort to meet with the Assembly members, but it is not within my leadership to initiate the meeting process.
“The arrangement was for my leader, Wike, and the elders led by Anabraba to call for a meeting with the the lawmakers.
“I’m a gentleman and principled. I can’t go behind to call them when we’ve already agreed. Whoever that tell them that I don’t want to meet with them, or I rejected proposal meant for them isn’t saying the truth,” Fubara said.
The Permanent Secretary of the Rivers State Ministry Works, Mr Austin Ezekiel-Hart, who gave the project description, said the delivery of the project was a fulfillment of long time dream by the people of Ahoada East and Ogba Egbema Ndoni Local Government Areas.
He said the road was previously a single lane and has now been dualised to 14.6 meters wide, complete with solar-powered streetlights with drainages.
He said the road significantly would reduce travel time between Ahoada and Omoku while improving economic activity in the region.
In his welcome address, Chairman of Ogba-Egbema-Ndoni Local Government Area, Hon. Chuku Shedrack Ogbogu, described the road as a symbol of unity, oneness, and development, thanking the governor for fulfilling his campaign promises.
On his part, the Managing Director of Julius Berger, Engr. Peer Lusbash, said the project was awarded to his company in 2023 with a completion period of 18 months which was achieved in best quality.
He added that Julius Berger enjoyed a good support from the Fubara administration, and assured to complete all ongoing projects being handled by Julius Berger on specification, especially the Ring Road project which is a legacy project.
News
Fubara Expresses Commitment To Healthcare …As UNICEF Lauds RSG On Health Programmes
Rivers State, Sir Siminialayi Fubara, has reaffirmed his commitment to ensuring good healthcare for the people of Rivers State.
?
?Governor Fubara stated this when he played host to the Country Director of UNICEF, Wafaa Saeed Abdelatef and her management team in Port Harcourt, last Tuesday.
?
?The governor who was represented by the Secretary to the State Government, Dr. Benibo Anabraba, said he would continue to provide the necessary facilities in order to ensure accessible and good health care for all Rivers people.
?
?”We are constructing new zonal hospitals across the State. The Ahoada Zonal hospital will be commissioned in December and others are near completion.
?
?”We are grateful to UNICEF for all they have done and believe we can always work together to care for the vulnerable in the society. We appreciate your physical presence, and believe that your staff working remotely, can also do more virtually. We have a capable Commissioner of Health, Dr. Adaeze Oreh, to help foster our relationship, communication and greater collaboration,” he said.
?
?The Country Director for UNICEF Nigeria, Ms. Wafaa Saeed Abdelatef, assured Governor Fubara of UNICEF’s support to the programmes of the State Government. She appealed that health facilities such as the Oxygen Plant at Eleme Local Government Ares and the New Born Care Units be solarized.
?
?”Be assured that UNICEF will continue to work and support the programmes here in Rivers State. We have seen the Oxygen Plant at Eleme LGA which has been effective because of the Public Private Partnership. We appeal that the plant be solarized.
?
?”I commend your leadership of the State and assure that we are here to support your effort and assure you that you can count on our support and partnership. Rivers State is one of the states we can showcase how things are working so others can learn,” she added.
?
News
Dangote Unveils N100bn Education Fund For Nigerian Students
Chairman of the Dangote Group, Alhaji Aliko Dangote, has announced a N100 billion annual education support programme aimed at keeping financially vulnerable Nigerian students in school.
Speaking at the launch of the national scholarship scheme in Lagos, yesterday, Dangote said too many brilliant young people were being forced out of classrooms because of poverty.
He described education as the “strongest engine of social mobility” and a critical foundation for national development.
The initiative, funded by the Aliko Dangote Foundation, will run for ten years beginning in 2026, costing over N1 trillion in total.
Dangote said the scheme would support 45,000 scholars each year at inception, expanding to 155,000 beneficiaries annually by its fourth year, and maintaining that level for the rest of the decade.
By 2036, he said, the programme is expected to have reached at least 1,325,000 students.
“We cannot allow financial hardship to silence the dreams of our young people, not when the future of our nation depends on their skills, resilience and leadership,” he added.
A major component of the fund is the Aliko Dangote STEM Scholars programme, which will provide annual scholarships for 30,000 undergraduate students pursuing science, technology, engineering and mathematics in public universities and polytechnics.
Each beneficiary will receive tuition support aligned with the fees of their institution and course of study. Dangote said the goal is to expand access to higher education, empower innovation, and give young Nigerians the tools to compete globally.
“STEM drives development. If Nigeria must compete globally, our young minds must have the tools to learn, imagine and innovate,” he said.
-
Politics3 days agoSenate Receives Tinubu’s 2026-2028 MTEF/FSP For Approval
-
News2 days agoRSG Lists Key Areas of 2026 Budget
-
News2 days agoDangote Unveils N100bn Education Fund For Nigerian Students
-
Sports3 days agoNew W.White Cup: GSS Elekahia Emerged Champions
-
News3 days agoTinubu Opens Bodo-Bonny Road …Fubara Expresses Gratitude
-
News3 days ago
Nigeria Tops Countries Ignoring Judgements -ECOWAS Court
-
Sports3 days ago
Players Battle For Honours At PH International Polo Tourney
-
Sports3 days agoAllStars Club Renovates Tennis Court… Appeal to Stop Misuse
