News
Shell, Six Others Commit N9.8tr To Fund Local Contractors
As part of strategies to boost indigenous companies’ participation in the Nigerian oil and gas industry, Shell Exploration and Production Companies in Nigeria, five reputable banks and an American international financial institution have pulled together $6billion (approximately N9.8trillion) as funding commitment for local medium and large scale enterprises desirous of adding internal value to the lucrative industry.
First Bank Nigeria, Access Bank, CITI Bank Nigeria, Fidelity Bank, and Standard Chartered Bank, as well as DLR Integrated Business Services, which provides international financing and procurement services for local content providers, are partnering Shell joint venture to ease indigenous companies’ access to critical funds to finance huge procurement and manufacturing contracts in the oil and gas industry.
The Tide gathered that each of the five prestigious banks have dedicated $1billion to fund local contractors while DLR Integrated Business Services, with head office in New York, United States, has guaranteed $1billion international financing and procurement window, with a solid commitment to link Nigerian contractors with big-time equipment and products manufacturers as an instrument of facilitating sustainable partnerships for growth.
Chairman, Shell Companies in Nigeria, Mutiu Sunmonu said last Saturday in Port Harcourt while launching the Shell Contractors Support Funding Scheme that the initiative derives from the success of the year-old N4.5billion Shell Kobo Fund for community contractors.
Sunmonu said that the $6billion SME support funding commitment would enable local contractors to leverage hard-to-access international financing for big procurement and manufacturing contracts, adding that “this initiative will place Nigerian contractors at the front line for quality service delivery in the oil and gas industry.”
According to him, “in 2010 alone, Shell awarded contracts worth more than $947million to Nigerian companies” while “in 2011”, the company upped “the value of contracts to local contractors to $1.4billion”, representing about 93 per cent of the overall number of contracts and amounting to about 68 per cent of value of contracts awarded to third parties to date.”
He said that in the past, “financing of projects has traditionally been a major challenge to contractors’ growth and participation in the delivery of goods and services to the oil and gas industry,” and hoped that with the new dedicated fund, “financing difficulties will be greatly reduced.”
“The banks have committed to relaxing the collateral security requirement, reducing interest rates and establish their competitive advantage so as to become global players,” Sunmonu stressed, adding that he was looking forward to a day when Nigerian contractors will become major services suppliers to the Shell Group.”
While thanking the banks for partnering Shell to provide this launching pad for indigenous contractors, the Shell Nigeria chair charged participating local companies to play by the rules and apply the funds to agreed-upon projects while commending the Federal Government for initiating positive the reforms in the industry, particularly the local content law, pledging Shell’s commitment to fostering greater opportunities for Nigeria and Nigerians in the oil and gas industry.
In his remarks, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Ernest Nwapa catalogued the pioneering role Shell was playing in developing local content in Nigeria, saying that “if other international oil companies (IOCs) commit just 50 per cent of what Shell is investing in developing local content, Nigeria oil and gas industry would lead the way in helping the Federal Government achieve its Vision 202020.”
Represented at the event by Engineer Gina O. Gina, the NCDMB boss challenged other IOCs to emulate the giant strides Shell was making in assisting government and Nigerians realise the vision of indigenous inclusiveness and participation in the industry as a veritable means of restoring peace and investors’ confidence while creating more jobs, wealth and sustainable prosperity in the country.
Also speaking, the Group General Manager, National Petroleum Investment Management Services (NAPIMS), Morrison Fiddi, pledged the commitment of the joint venture partners to create enabling regulatory and operating climate for local companies in the industry to thrive and compete more favourably with their global counterparts.
The GGM, who was represented by Joseph Ehijiator, lauded Shell for the initiative, and appealed to indigenous companies to leverage the funds to increase their contributions to national development.
In their separate speeches, representatives of the partnering banks expressed untiring commitment to the scheme, pledging the unleash their global financial reach and capacity in ensuring that local contractors working for Shell access required funds to finance any contracts in line with the memorandum of understanding (MoU) guiding the initiative.
Responding on behalf of participating contractors, Managing Director, Skyward Resources Limited, Hon Enahoro Eta, showered encomium on Shell for the opportunity, and expressed optimism that the fund would enhance their participation and ability to deliver required services in-country.
Highlight of the event was the signing of the MoU for the scheme by Sunmonu on behalf of Shell while First Bank’s Group Head Energy, Institutional Banking, Olalekan Adelekan; Vice President Eastern Region Global Subsidiaries Group, CITI Bank, Theresa Evuleocha; Group Managing Director, Access Bank, Aigboje Aig-Imoukhuede; Managing Director, Fidelity Bank, Reginald Ihejiahi; Deputy Managing Director, Standard Chartered Bank, Ade Adeola; and President, David L. Ross & Associates, David L. Ross, signed on behalf of their financial institutions.
Nelson Chukwudi
News
11 Jostle For $100,000 As Nigeria Prize For Literature Unveils 2026 Poetry Longlist
Eleven outstanding poetry collections are now in the race for the $100,000 Nigeria Prize for Literature, arguably Africa’s biggest and most prestigious literary prize.
The 11 collections were selected from a total of 223 entries received for this year’s competition.
Chairman of the Advisory Board for the Prize, Prof. Akachi Adimora-Ezeigbo, who announced the longlist, said the emergence of the 11 collections marks a significant milestone in this year’s competition and reflects the exceptional quality, creativity and diversity of contemporary Nigerian poetry.
According to her, the longlisted titles, arranged in alphabetical order, are: Adult Love by Tanure Ojaide; Bakandimiya by Saddiq Dzukogi; Black Passport by Paul Akpomuje; 2000 Blacks by Ajibola Tolase; Ceremony For The Nameless by Theresa Lola; Corpus: Animistic Verses by Ayo Oyeku; and Floral’s Love Colony by Tares Oburumu.
Other successful entries are, The Origin of Wounds by Malik Gbolahan; The Years of Blood by Adebayo Agarau; Unbind Me Now by James Ugwu Eze; and Why Does God Need a Gun by Ogaga Ifowodo.
Prof. Adimora-Ezeigbo described the announcement as an important stage in the 2026 edition of the prize.
She noted that the collections demonstrate the remarkable capacity of poetry to illuminate human experience through thoughtful reflection, cultural memory and artistic expression.
According to her, the works revisit history while interrogating dominant historical narratives and exposing the forces that shape collective identities and social relations.
She stated that despite their varied emphases, the books share a commitment to exploring the endurance of individuals and communities in the face of violence, oppression and social fragmentation.
On style and language, Prof. Adimora-Ezeigbo said the books display an impressive diversity of poetic techniques marked by lyrical intensity, symbolic depth and artistic innovation.
“Many employ densely poetic, allegorical, and elegiac modes that invite multiple layers of interpretation, while others draw extensively on folklore, oral traditions, and contemporary realities to create a compelling fusion of past and present. Their language is generally fluid, evocative, and aesthetically refined, relying on vivid imagery, emotional resonance, and intellectual sophistication to communicate complex ideas. These works demonstrate how poetic language can illuminate social realities; challenge established perspectives and give voice to both individual and collective experiences.
“The next stage will demand a closer reading of each work, with attention to language, form, originality and lasting literary value,” she stated.
The Board chairman commended the judges for their painstaking work and reaffirmed the Advisory Board’s commitment to a credible process, literary excellence and the promotion of a strong reading culture.
With the announcement of the 11-title longlist, the competition now moves to the next phase, with a shortlist of three expected in August and the winner to be announced in October.
Sponsored by the Nigeria Liquefied Natural Gas (NLNG), The Nigeria Prize for Literature carries a cash award of $100,000 for the author of the winning book.
Now in its 22nd year, the prize rotates annually across four genres – prose fiction, poetry, drama and children’s literature – with the 2026 edition devoted to poetry.
News
RSG Hails NMA’s Role In Strengthening Healthcare Delivery
The Rivers State Government has applauded the Nigerian Medical Association (NMA), Rivers State Branch, for its steadfast dedication to advancing medical excellence and contributing significantly to healthcare development in the state and the country at large.
Speaking at the 2026 Annual General Meeting and Scientific Conference of the NMA held in Port Harcourt last Wednesday, the Secretary to the State Government, Dr. Dagogo Wokoma, described the association as a vital partner in the quest to improve healthcare delivery and outcomes.
Wokoma, according to a statement by the Head of Information and Public Relations Unit in his office, Julian Masi, noted that the NMA’s sustained advocacy for professional standards and quality medical practice has continued to impact positively on the healthcare sector and national development.
He said the conference theme, “Medical Practice in Nigeria: The Past, the Present and Quo Vadis,” offers a valuable platform for stakeholders to evaluate the progress made in the health sector, examine present realities, and develop practical solutions for future challenges.
He paid tribute to Nigerian doctors and other healthcare professionals for their sacrifices and unwavering commitment to service despite the challenges confronting the sector.
“We deeply appreciate the immense sacrifices made daily by Nigerian doctors and other healthcare professionals. In the face of numerous challenges, they continue to demonstrate exceptional resilience, professionalism, dedication and commitment to saving lives. Their contributions remain critical to national development,” he said.
In her keynote address, the immediate past Commissioner for Health, Prof. Adaeze C. Oreh, called on participants to critically examine the current state of medical practice in Nigeria and explore innovative approaches that will address emerging healthcare challenges in line with the conference theme.
Earlier, the Chairman of the Nigerian Medical Association, Rivers State Branch, Dr. (Prof.) Annabel Ureh Oparaodu, expressed gratitude to Governor Siminialayi Fubara for his continued support for the medical profession in Rivers State.
She urged delegates to maximize the opportunities provided by the conference through active engagement and knowledge sharing.
Highlights of the event included the commissioning of the Nigerian Medical Association Doctors’ Lodge and the NMA Water Factory, initiatives designed to improve members’ welfare and promote sustainability within the association.
News
NPC Begins Digital Birth, Death Registration In Rivers
The National Population Commission (NPC) has announced the commencement of a nationwide digital registration of births and deaths in Rivers State under the Electronic Civil Registration and Vital Statistics, E-CRVS, System, using the new VitalReg platform.
Federal Commissioner, NPC, Rivers State, Prof. Itotenaan Henry Ogiri, announced said this recently during a press briefing in his Port Harcourt office.
Ogiri said the full digital registration of births and deaths took effect nationwide on July 1, 2026, and is now being implemented across Rivers’ 23 Local Government Areas as part of the Commission’s rollout in the 36 States of the Federation and the FCT.
“Today’s announcement marks a significant milestone in Nigeria’s journey towards a modern, technology-driven civil registration system,
“It reflects the Commission’s commitment to ensuring that every birth and every death occurring in our country is accurately captured through a secure, efficient and digitally enabled platform,” he said.
The Federal Commissioner noted that while Nigeria records an estimated five million births annually, coverage remains low.
“Birth registration currently stands at about 57%, while death registration is below 20% nationwide.
“These gaps underscore the urgent need for a more efficient and accessible registration system,” he stated.
To address this, he said the commission has established 4,011 functional registration centres across the 774 LGAs, with plans to expand to about 8,000 centres nationwide.
According to him, in Rivers State, structures have been put in place and personnel are working with health facilities, LGAs and community stakeholders to ensure accessibility.
Ogiri explained that the VitalReg platform offers faster registration, 24-hour access, automated data validation for accuracy, reduced paperwork and waiting time, enhanced record security, and a stronger national database to support other government information systems.
He added that the platform would integrate seamlessly with Nigeria’s national digital identity framework, including the National Identity Management Commission (NIMC) to improve coordination and service delivery.
“The initiative builds on the launch of the E-CRVS System and the inauguration of the National Coordination Committee on CRVS by President Bola Ahmed Tinubu on November 8, 2023.
“It also aligns with the Federal Government’s Renewed Hope Agenda on digital transformation and transparency,” he said.
The NPC Commissioner stressed that success depends on partnerships and public participation and listed key collaborators as ALGON, NIMC, UNICEF and Barnksforte Technologies Limited.
“In Rivers State, we will continue to work closely with the State Government, Local Government Councils, healthcare providers, traditional institutions, religious organisations, development partners, civil society organisations and the media to ensure that no child or family is left behind,” he said.
The commissioner called on parents, guardians, healthcare workers and community leaders to ensure prompt registration of every birth and death, noting that a complete civil registration system strengthens governance and supports sustainable development.
He reassured the public that birth registration and birth notification services remain highly subsidised, though specialised administrative services such as record modification, certificate reissuance, attestations and verification will attract approved charges to support system sustainability.
Ogiri appreciated the Rivers State Government for its support, and commended NPC staff in the State, as well as development partners, LGAs, healthcare institutions, traditional and religious leaders for advancing civil registration in the state.
He also urged the media to continue to amplify the message “that every birth counts, every death matters and every Nigerian deserves a legal identity.”
“As we commence this new chapter, let us all work together to build a civil registration system that is modern, inclusive and trusted by all,” Ogiri concluded.
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