Business
Lagos Begins N11.8bn Compensation Payment To Property Owners
The Lagos State Government yesterday said it has began payment of over N11.8billion as compensation to owners of properties that had to give way for construction of roads, flyovers, ramps and other critical infrastructural projects across the State.
Special Adviser to the Governor on Urban Development, Mrs. Yetunde Onabule (2nd left); addressing the media during the Y2018 ministerial press briefing of the Lagos State Lands Bureau as part of activities to commemorate the third Year in Office of Governor Akinwunmi Ambode, at the Bagauda Kaltho Press Centre, the Secretariat, Alausa, Ikeja, yesterday
Special Adviser to the Governor on Lands Bureau, Mrs. Yetunde Onabule who disclosed this at the annual Ministerial Press Briefing to mark the third year anniversary of Governor Akinwunmi Ambode’s administration, said the payment was for properties demolished for projects including the Abule Egba road expansion, Epe Road expansion, Lekki International Airport, Pen Cinema flyover, ultra modern bus terminal in Oyingbo and upgrading of Muritala Mohammed International Airport Road.
She listed other projects to include Mechanic Village, Gbagada Phase1, Ojokoro Specialist Hospital, construction of Freedom Road/Drainage channel, reconstruction of Agri-Ishawo Konu-Arepo Road, among others. Onabule said that following the approval of the projects, the State’s Ministry of Physical Planning and Urban Development moved to these areas to determine the Right of Way (ROW) for the proposed projects, while the Lands Bureau carried out a reconnaissance survey and detailed enumeration of about 1,880 properties and claimants affected by the development including residential, commercial, petrol filling stations and religious centres. “I can confirm to you that in line with the provisions of the Land Use Act 1978, which is the enabling law for the revocation of Right of Occupancy (C of O)and payment of compensation thereof in the country, interest in the affected properties have been promptly revoked and enumeration of these properties completed and payment of over N11,814,844billion approved as compensation for property owners on the Alignment/Right of Way for construction, re-construction/ dualization of roads, flyovers and ramps aimed at alleviating traffic gridlock and other forms of infrastructural development of Lagos is ongoing,” she said.
The Special Adviser added that the Governor Akinwunmi Ambode-led administration has so far lived up to expectation in prompt payment of compensation on acquired land and titles revoked for over-riding public interest, however adding that payment is done after due presentation of all necessary documents by a claimant proving true ownership of the property. She, however, urged affected residents to speed up their verification processes and forward their documents evidencing ownership of properties, valid means of identification, four passport photographs and other details to facilitate prompt payment. Giving its financial report for the year under review, Onabule said the Bureau generated over N10.5billion from land transactions last year, representing over 50 percent short of the N20.7billion it generated in 2016, a development she said would improve when the sale of the new land schemes begin. “A major total of revenue we were expecting was from our scheme, however based on the policy of the government that the infrastructure within that scheme must be completed, we had to slow down, that would bring a lot of revenue to the government. Right now the sand filling is ongoing and I can assure you that once that scheme takes off, we would surpass our revenue target for 2018 including other payments as well,” she explained.
Onabule said that the quest by the present administration to ensure that Lagosians obtain title documents with ease, the Governor signed a total of 727 Electronic Certificate of Occupancy (E-C of O) in the year under review, thus bringing the number to 5, 172 of such certificates in the last three years. She said the implementation of the Land Administration and Automation System known as Thompson Reuters Automation Solution, when up and running, would go a long way to reducing problems associated with redundant data, increase accuracy by reducing manual entry errors and ensure a one-stop shop to facilitate unhindered, secured access to land application and title documents in the State. Besides, Onabule expressed concern on the issue of encroachment on government schemes, warning land speculators, popularly known as Omo-Onile to desist from selling land that falls under government acquisition.
“It is most disheartening to say that a very large number of Government schemes in the State are being confronted with the problem of encroachment. We as a government ave persistently advised members of the public to ensure they do proper charting and verification on properties before consummating transactions on land.
Business
$5bn Train 7 Project 80% Complete -NCDMB
The Board stated this in a statement released by its Corporate Communications Directorate to newsmen, recently, during the inauguration of 140 trainees for the Train 7 Project.
The trainees had undergone the Nigerian Content Human Capacity Development (NC-HCD) programme it organised in partnership with the Nigeria Liquefied Natural Gas (NLNG) Limited in Port Harcourt, the Rivers State capital.
The Tide gathered that the training programme was an intensive three-month Advanced NC-HCD Programme for the US$5 billion NLNG Train 7 Project on Bonny Island, Rivers State.
The trainees, The Tide further learnt are graduates in different academic disciplines who have completed a 12-month Basic Training Programme in diverse oil-and-gas-industry-related skill sets and are now set for an on-the-job phase which includes active hands-on participation in operational areas such as Turn Around Maintenance (TAM), Commissioning, and Desktop Programmes.
The Corporate Communications Directorate of the NCDMB told The Tide that in November 2024, a set of 331 trainees under Batch A of the NLNG T7 HCD Training Programme began capacity development in facility management, engineering, Information and Communication Technology (ICT), Health Safety and Environment (HSE), Quality Assurance and Quality Control, as well as welding and fabrication.
According to the Board, additional 77 trainees under Batch B of the same Training Programme began capacity development in data analytics and supply chain management among several other fields relevant to the operations of the oil and gas industry.
While addressing the trainees and trainers who were drawn from the Oil and Gas Trainers Association of Nigeria (OGTAN), Management Personnel of the NCDMB and NLNG, the Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, said the Advanced NC-HCD training is more than a milestone.
“The NC-HCD training programme is an expression of the collective commitment of the Board and the NLNG to nurturing world-class Nigerian professionals who will shape the future of our oil and gas industry.
“The Board has remained steadfast in its conviction that Human Capital Development is a critical investment in the sustainability and competitiveness of Nigeria’s oil and gas value chain”, the NCDMB boss said.
Business
Ageing Aviation Workforce: Minister Urges Youth Grooming For Replacement
He said the situation has resulted in widened knowledge gaps and operational challenges.
As a globally regulated sector, he said it was important that stakeholders put measures in place to attract the talents required to move the industry forward.
Keyamo, therefore, called on stakeholders in the industry to be deliberate in identifying, encouraging, nurturing and harvesting young talents to ensure a sustainable supply of manpower to the aviation sector.
Director of Public Affairs and Consumer Protection of the FAAN, Mrs Obiageli Orah, in a release made available to aviation correspondents, noted that the Minister deemed it necessary to attract the right quality of human resources required to move the sector forward.
“As a globally regulated sector, it is important that stakeholders put measures in place to continually attract the right quality and quantity of human resources required to move the industry forward.
“It is important to note that organising training programmes are avenues through which we can breed, nurture, and harvest such human resources.
“One of the critical challenges facing the industry is the ageing and retiring workforce, leading to widened knowledge gaps and operational issues.
“Training programmes, I believe, is among other things designed to make aviation appealing to the younger generation, while encouraging them to develop interest in taking up a career in the industry”, the statement stated.
Meanwhile, some aviation stakeholders have expressed concerns of countless young Nigerians who seek to make their mark in aviation, tourism, and the wider transport ecosystem but often face steep barriers to entry.
According to them, lack of access, limited mentorship, financial constraints, skill mismatches, and systemic gaps, among others, have posed some constraints to them.
Business
Ogbe Gets Appo Board Appointment
The Tide gathered that by the appointment, Ogbe becomes Nigeria’s representative on the Board of the 18-member continental body, which has its headquarters at Brazzaville, Republic of the Congo.
Ogbe was picked for this role by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, who doubles as the Chairman of the NCDMB Governing Council.
The notice of the Executive Secretary’s appointment was conveyed in a congratulatory letter signed by the Director of Support Services, APPO, Mrs. Philomena Ikoko, on behalf of the Secretary-General of the organisation, Dr. Omar Farouk Ibrahim.
She applauded the NCDMB boss on the confidence reposed in him by the Minister, expressing her belief that he would make immense contributions to the development of the African oil and gas industry.
Mrs Ikoko stated that Ogbe was joining the Executive Board of APPO at a challenging time for the oil and gas industry, especially in Africa.
“Your appointment is a major call to duty for Nigeria and the continent. The secretariat will give you the support you will need to make a success of your assignment”, she said.
According to a statement by the Directorate of Corporate Communications and Zonal Coordination, the NCDMB played key roles in catalysing the operations of APPO and the development of local content in Africa.
The statement added that the board was providing institutional support and mentorship to several oil producing countries in their formulation of local content policies.
“The NCDMB initiated the African Local Content Roundtable (ALCR) and hosted the inaugural edition in Yenagoa, Bayelsa state, in June 2021, and the event was attended by key officials of APPO and other oil industry players.
“The idea for the Africa Energy Bank (AEB) was mooted by NCDMB’s officials at the event, as one of the strategies that would accelerate the growth of the African oil and gas industry and deepen local content.
“The Board also collaborated with APPO to host subsequent editions of the African Local Content Roundtable (ALCR), including the 2023 edition held at Abuja.
“The Africa Energy Bank, which APPO is setting up at Abuja, is aimed at pooling financial resources needed to fund big-ticket oil and gas projects across the continent, and bridge funding challenges currently impeding the development of the sector”, the NCDMB’S said.
Meanwhile, the APPO Secretary-General has said the Africa Energy Bank seeks to fund oil and gas projects across economies in Africa and help to plug critical financing gaps that exist through the continent’s over reliance on financiers from the West.
He added that each APPO member country is expected to raise $83 million with an objective of raising $5 billion capital for the establishment of the Bank.
The Tide learnt that recently Nigeria, Angola and Ghana have contributed their share capital for the African Energy Bank, which represents 44 percent of the trio’s contributions to the minimum capital that is required from oil producing countries in the continent.
It would be recalled that at the Nigerian Oil and Gas Opportunity Fair (NOGOF) held recently, the NCDMB’s Scribe confirmed that the agency was part of key institutions that pooled resources for the formation of the Africa Energy Bank.
Ogbe announced that the Bank will open for business before the end of the 2nd quarter of this year, 2025, expressing hope that it will create more funding availability for local oil and gas projects and companies.
Similarly, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, had stated at the Offshore Technology Conference that Afrexim Bank has already raised $19billion for the take-off of the Africa Energy Bank.
According to him, $14 billion out of the funds represents the bank’s financial exposure on African oil and gas projects, with the additional $5 billion as take-off capital.