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ALSCON Set To Improve Nat. Power Generation

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New owners of Aluminum Smelter Company of Nigeria (ALSCON), Ikot Abasi in Akwa Ibom State, BFIG International has disclosed plans to diversify the aluminum plant to boost power provision in the country.
Chairman of BFIG, Dr. Rueben Mietamuno-Jaja made the plans public when he paid a visit to the Chairman of Ikot Abasi Local Government Area, Mr. Ufot Sunday Udoinyang at the weekend.
A Federal High Court in Abuja had on 30th September ruled that BFIG take over the plant in line with a Supreme Court judgement that affirmed the company’s bidding and ownership of the facility three years ago.
Justice Abdulkadir Abdulkafarati, in the judgment, ordered the Bureau for Public Enterprise (BPE) “to fully enforce, fulfill and give effect to the meaning and intendment of the judgment of the Supreme Court of Nigeria in appeal No: SC 12/2008 dated July 6, 2012 by signing and executing forthwith, ‘the mutually agreed Share Purchase Agreement (SPA) annexed to the applicant’s motion.”
According to Jaja, ALSCON produces over 500 megawatts of power through a gas generated plant at Ikot Abasi but is currently under-utilized.
He revealed that already, talks have begun with the federal authorities, expressing hope that such diversification will provide funds to revitalize the moribund plant now valued at $100 million due to vandalization and pilfering by its former managers.
“No matter what has been done to ALSCON, we have the resources to bring it back to where it supposed to be,” said Jaja.
Part of the new vision, he further stated, is to make the aluminum plant the largest in West Africa after the closure of similar plants in Ghana and Cameroon, and enlist it in the Nigeria Stock Exchange in the next three years.
The Opobo-born international businessman urged the community to ensure that the facility is protected, assuring that host communities comprising those in Akwa-Ibom and Rivers states will benefit since the plant has huge economic value.
“The aluminum plant is an international resource, it has over 17 components to generate employment, power, health, marine and gas opportunities,” he said.
On his part, Chairman of the local government council, Udoinyang commended Jaja for his enterprising and resilient spirit, pointing out that ALSCON is the only federal presence in the area hence the people are ready to provide every support to make sure the plant fully kicks off.
“What we need is transition without a steam. Let the average Ikot Abasi man or woman transit into BFIG. This will bring needed peace and progress,” the LG boss added.
Mietamuno-Jaja and his team also paid a courtesy visit on the traditional ruler of Ikot Abasi, Edidem Udon Ntukobom, and addressed youth of the area, assuring that the company would carry them along in the scheme of things.

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FG Ends Passport Production At Multiple Centres After 62 Years

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The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.

Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.

He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.

“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.

He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.

“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.

 “We promised two-week delivery, and we’re now pushing for one week.

“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.

He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.

Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.

He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.

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FAAC Disburses N2.225trn For August, Highest In Nigeria

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The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.

This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.

The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.

Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.

The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.

From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.

From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.

Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.

From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.

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KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus

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The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.

The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.

The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the  Polytechnic, recently.

Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.

He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.

This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly,  Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.

The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.

Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.

He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.

The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.

Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.

 

Chinedu Wosu

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