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Marketers Kick Over Prolonged Closure Of Gas Plant

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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has expressed concerns over the prolonged and continuous closure of Second Coming Gas Plant Nig. Ltd., by the Lagos State Government.
Executive Secretary of the association Mr Bassey Essien, said that the gas plant had been closed for about nine months by an agency of the state.
He appealed to Gov. Akinwunmi Ambode for the reopening of the plant in a statement issued and made available to newsmen in Lagos yesterday.
Our source reports that the gas plant., located at Magodo area of Lagos, and owned by one of the members of the association early in the year, experienced a fire incidence which recorded two casualties.
He called for urgent intervention of the governor to save the gas plant from indefinite closure, adding that the association’s was worried over the prolonged closure whether it is punitive on the owner and by extension on the association.
According to him, investigation panel and inquest set up by the state and Federal regulatory agencies respectively did not indict the company for negligence as the company had always taken adequate measures to ensure safety at all times.
“It is worthy to note that the company has been operating in that same location for over 20 years without any mishap.
“At the conclusion of investigations, the company was granted approval to commence reconstruction and renovation of the burnt plant albeit with strict compliance on standards.
“And further safety measures while each level of work was been monitored and approved by the relevant government appointed panel,’’ he said.
Essien said that the management of the plant had complied with all standard safety requirements given to it and the company was ranked among the most safety compliant gas plant in the country.
He said that while awaiting the final inspection so as to be given the final nod to reopen for business, the place was unceremoniously locked by another agency in the same state and has remained locked for nine months now.
He said that remarkable progress has been made in cooking gas utilisation and consumption in the country.
The association’s spokesman said that cooking utilization and consumption over the years was usually associated with the elites but now been embraced by food vendors and low income earners.
“This huge achievement has been attributed to private investments by committed indigenous entrepreneurs to establish gas bottling plants across the country.
Essien said that Nigeria was endowed with abundant gas reserves; however utilisation of cooking gas in the country has been abysmally low compared to neighbouring West African countries.
He said further that such countries include like Morocco and Egypt in the North, despite being the largest producer of LPG in the West African sub region and the 3rd in Africa.
“It is the concerted efforts of these indigenous entrepreneurs who have invested massively to erect terminals and gas bottling plants that have led to the growth in consumption from about 70,000 MT in 2007 to about 840,000MT as at 2018.
“The Federal Government is encouraging LPG expansion to a target consumption of five million MT by year 2030,’’ he said.
He said that to achieve this feat means more cooking gas plants springing up both in the urban and rural communities while massive awareness was being created in the usage and safe handling of gas and its accessories.
“Like everything in life, there is always safety precautions that have to be observed and adhered to, be it in daily lifestyles, travels etc,’’ Essien said. (NAN)

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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