Niger Delta
‘Amakpe Refinery Requires N3bn For Completion’
The Management of Amakpe Refinery in Eket, Akwa Ibom, says about N3.14 billion was required to complete the project and begin operation.
Chief Usua Amanam, the Chief Executive Officer, said that the amount included funds that would be used to procure initial stock of crude oil for the first three months of operation.
Amanam, who spoke in an interview with newsmen in Eket, disclosed that all fabrication on the refinery had been completed and ready for installation.
He explained that the project suffered setbacks when the Akwa Ibom Government withdrew part of its equity capital, reducing its stake in the refinery from about N1.5 billion to about 981.5 million.
He explained that the partial divestment by the state government slowed down work on the project and resulted in accumulated interests on the loan capital standing at N58.9 million per quarter.
He, however, said that the Akwa-Ibom government still held 25 percent equity in the $51.9 million (about N7.83 billion) refinery project.
Amanam reiterated that the management of the refinery was committed to the completion and subsequent commencement of refining activities at the 12,000 barrels-per-day (bpd) capacity facility, in spite of funding challenges.
He said that when completed, the refinery would create more than 1,000 direct jobs and 5,000 indirect jobs in the state.
“The facility will also help in the development of associated downstream petrochemical projects that will further enhance the economy of the state,” he added.
He appealed to the state government to have a rethink on its divestment from the project, saying the action was capable of discouraging private investors to inject additional capital into the project.
Amanam said that a consortium of Nigerian banks led by Sterling Bank and Bank of Industry had accepted to finance the completion of the refinery.
Gov. Godswill Akpabio, had at a business forum in the United States, in August, charged promoters of the refinery to complete the project or refund the state government’s investment in it.
The refinery project is on the public-private partnership model between the state and private entrepreneurs from the state and financial institutions.
News
King Jaja Impacted Beyond Rivers -Deputy Gov
Rivers State Deputy Governor, Professor Ngozi Odu, has poured accolades on late Amayanabo of Opobo, HRM Dandeson Douglas Jaja V, saying his footprints went beyond the State.
Speaking during a condolence visit to the wife of the late king, Prof. Odu said the late monarch contributed meaningfully beyond the shores of Rivers State.
“He contributed not only to Opobo, not only to Rivers State, but to Nigeria as a nation. We all know the various positions he held until his passing. For us as a Commission, we are really going to miss him greatly, especially at this time when his guidance was most needed,” she stressed.
She described the late king as a distinguished traditional ruler whose life and service contributed immensely to the development of Rivers State and Nigeria at large.
The deputy governor, who also serves as Chairman of the Rivers State Boundary Commission, noted that until his demise, King Jaja was an Ex-Officio member of the Commission, representing Rivers South East Senatorial District.
According to her, the late monarch actively participated in several meetings of the Commission and played an important advisory role.
“He actually participated with us in a couple of meetings. It was with great shock that we received the news of his passing. We saw daddy as someone who was very strong, healthy and athletic,” Prof. Odu said.
Prof. Odu explained that the Commission relied heavily on the wisdom of traditional rulers like the late monarch to ensure that its responsibilities were carried out properly and conscientiously.
She assured the family of the Commission’s continued support, saying they will remain close to the family throughout the burial arrangements and beyond.
Addressing the widow, Queen Prudence Dandeson Douglas Jaja, Prof. Odu said the visit was to commiserate with her and encourage her during the period of mourning.
“Please accept our condolences. Please be strong and put your hope in God. The God who watches over widows will never abandon you,” the deputy governor prayed.
“We cannot question God. What has happened has happened. All we can do is to pull ourselves together. That is why we are here to pray that the Holy Spirit will strengthen you, that God will turn your sadness into joy and clothe you with a garment of beauty,” she added.
Responding, Queen Jaja described her late husband as a gentle, humble man who was deeply committed to the progress of Rivers State, and Nigeria at large.
She expressed gratitude to the deputy governor and other members of the Boundary Commission for identifying with the family in their moment of grief.
“We are praying that his soul will rest in perfect peace. I thank you very much for coming to console me at this trying moment. Seeing you here has given me comfort. God bless each and every one of you,” she said.
She also offered prayers for the delegation, wishing them a long life and good health.
Highlight of the visit was the presentation Letter of Condolence from the Rivers State Boundary Commission to Queen Jaja.
Kevin Nengia
Niger Delta
Former Bursar Savours Leadership Merit Award
The former Bursar of Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Dr Davis Ojima, has expressed delight over the Leadership Merit Award recently presented to him by Ohiauga Community in Igburu Clan in Ogba/Egbema/Ndoni Local Government Area of Rivers State, describing it as a befitting crowning moment in his life.
Dr Ojima, who made the remarks while speaking with newsmen shortly after receiving the award, said it was an endearing milestone to be considered by his community for that rare honour, and expressed gratitude to the community for recognising his modest contributions to the development of the area.
The former Bursar, who is still in active public service, noted that the honour done to him came at a time when he least expected it, and thanked God for the rare privilege, as well as providing him the opportunity, the enabling environment and zeal to contribute his quota to the development of the area.
Dr Ojima, therefore, assured the people that he would remain committed to promoting peace, unity and sustainable development initiatives in the community.
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