Connect with us

Business

Minimum Wage: Umahi Wants Review Of Revenue Sharing Formula

Published

on

Ebonyi State Governor, David Umahi, has reiterated call for review of the revenue sharing formula to enable states adequately takes care of its workers.
Umahi made the call last Friday in Abakaliki at the opening of the 2018/19 legal year of the Ebonyi judiciary.
The governor likened the allocation accrued to states from the federation account as a ‘sign wave’ which made permutations difficult because it was not constant.
“The balance of justice is that the country’s leaders should dialogue and allocate percentages to its various sectors which include workers’ salaries, education, infrastructure, judiciary, legislature among others.
“The burning issue presently in Nigeria is workers’ welfare which every right thinking person will support and I have said severally that N30, 000 minimum wage is not even enough for workers.
“It is my desire to improve on workers’ welfare but something must be done at the centre so that the states can breathe.
“To clamp the nut on the petroleum subsidy episode, the Nigerian National Petroleum Corporation (NNPC) should be more transparent and accountable to the federation account,” he said.
He noted that effective management of the nation’s resources would enable the government adequately take care of workers’ welfare and the three tiers of government.
Umahi commended the state’s judiciary for advocating the domestication of the criminal justice system and sought its corporation alongside that of the house of assembly in that regard.
“I also commend you for the promotion of the ‘balance of mercy’ system which makes us invite relatives of murdered persons and appeal to them to forgive the killers sentenced to death.
“This system has worked in most cases except for instances where such relatives are still mourning.
“When we pardon these condemned criminals whose victims died in serious and painful manners without considering the victims’ families, we create more problems than solutions.
“I commend the state’s chief judge and his team for their frequent visits to prisons as prison decongestion has been a major concern to President Muhammadu Buhari,” he said.
The state’s Chief Judge, Justice Alloy Nwankwo, noted that a total of 2, 070 cases were filed at the state High Court during the 2017/18 legal year with 1,250 disposed and 820 currently pending.
“173 were filed at the Customary Court of Appeal with 190 disposed and 455 pending while 2, 392 cases were filed at the magistrate courts with 1, 600 disposed and 792 pending.
“1, 264 cases were filed at the Customary Courts with 833 dispensed and 2,027 pending as N30million was generated from these courts through court fees, court fines, marriage fees and probate fees,” he said.
He assured the Chief Justice of Nigeria that the state’s judiciary would not relent in its efforts to rid itself of questionable judicial officers and continue according zero tolerance to corrupt acts.
“We realised the completion of the new special court auditorium and face-lift of the judicial complex through frugal utilization of the monthly capital budget releases to the high court by the state government,” he said.
Mr Cletus Ofoke, Attorney General and Commissioner for Justice in the state thanked the governor, chief judges of sister states among others for gracing the occasion, noting that it was landmark in the state’s judiciary’s existence.

Continue Reading

Business

Dangote Refinery Ending Nigeria’s Dependence on Imported Fuel – EIU

Published

on

Dangote Petroleum Refinery & Petrochemicals is fundamentally transforming Nigeria’s downstream oil sector by significantly reducing the country’s reliance on imported refined petroleum products and strengthening foreign exchange earnings, according to the Economist Intelligence Unit (EIU).
In its latest assessment of Nigeria’s fuel market and regulatory environment, the EIU said the operational ramp-up of the 650,000 barrels-per-day refinery has reshaped a sector previously characterised by heavy dependence on imported fuel despite Nigeria being Africa’s largest crude oil producer.
The report stated that refinery supplied nearly 80 per cent of Nigeria’s domestic petrol demand in April and has produced sufficient volumes to meet local consumption needs as it approaches full operational capacity.
Describing Nigeria’s downstream petroleum sector before the refinery as “long dysfunctional,” the EIU noted that the country had relied almost entirely on costly fuel imports while producing nearly 1.5 million barrels of crude oil daily.
According to the report, the emergence of the refinery has improved domestic fuel availability, reduced import dependence, and strengthened Nigeria’s balance of payments position through lower import demand and increasing exports of refined petroleum products.
“The gradual ramp up of the 650,000 barrel/day Dangote refinery since May 2023 has transformed Nigeria’s long dysfunctional downstream sector.
“The country’s main refineries, all state-owned, had been inoperative for years and Nigeria was almost entirely reliant on costly imported fuel”, the report stated.
The EIU, the research and analysis division of The Economist Group, added that the refinery’s attainment of full operational capacity and planned future expansion would further support Nigeria’s economic growth and foreign exchange earnings in the coming years.
It projected that increased exports from the refinery, alongside plans to double production capacity before the end of the decade, would boost Nigeria’s real Gross Domestic Product (GDP) growth and forex inflows from 2026 onward.
Industry analysts said the refinery is positioning Nigeria as a major refining and export hub in Africa, potentially reshaping regional energy trade flows and reducing the continent’s dependence on imported fuel.
The EIU also noted that the refinery’s growth has coincided with major reforms in Nigeria’s downstream petroleum sector, including the removal of fuel subsidies and the introduction of market-driven pricing mechanisms.
However, the report observed that the shift from a state-dominated import structure to large-scale domestic refining has generated resistance from interests linked to the old import regime.
The latest controversy followed the decision by the Nigerian Midstream and Downstream Petroleum Regulatory Authority to relax restrictions on petrol imports despite the refinery’s increasing production capacity.
Dangote Industries Limited subsequently initiated legal action, arguing that continued import approvals undermine investments in local refining and contradict the objectives of the Petroleum Industry Act aimed at promoting domestic refining capacity.
Analysts further noted that the availability of large-scale domestic refining capacity has improved Nigeria’s energy security while reducing exposure to external supply shocks and foreign exchange volatility.
The Centre for the Promotion of Private Enterprise also warned against unrestrained fuel importation, saying such a policy could weaken Nigeria’s industrialisation drive and discourage investment in domestic refining.
Chief Executive Officer of the CPPE, Muda Yusuf, said continued dependence on imported fuel had historically exerted pressure on foreign reserves, contributed to exchange rate instability, and created fiscal leakages.

Nkpemenyie Mcdominic

Continue Reading

Business

NCDMB Partner Dafinone For Youths Technical Skills Training

Published

on

The lawmaker representing the Delta Central Senatorial District, Senator Ede Dafinone, in collaboration with the Nigerian Content Development and Monitoring Board has unveiled a three-week capacity building programme on rigging and scaffolding for youths in the Senatorial District.

Reports say that the training is designed to equip youths with practical technical skills for employment in the oil and gas and construction sectors, with emphasis on employability, safety, competence and self reliance.

In attendance at the flag-off ceremony  this week, at the Petroleum Training Institute (PTI) Conference Hall, Effurun, were stakeholders, dignitaries, and political representatives, among others.

Dafinone, represented by his Chief of Staff, Adelabu Bodjor, said the initiative reflects a deliberate political investment in human capital development across Delta Central.

He explained that the training focuses on rigging and scaffolding, noting that “both are essential technical competencies required in industrial operations, construction projects, and oil and gas installations”.

Bodjor added, “The programme is intended to reduce dependency among youths by providing job-ready skills capable of supporting long-term economic opportunities and self-sufficiency. The initiative aligns with Senator Dafinone’s broader development agenda, which prioritises practical skill acquisition as a pathway to sustainable empowerment.”

Also addressing the participants, the NCDMB, Felix Omatsola Ogbe, represented by Mr. Teddy Bai, commended Dafinone for sponsoring the programme, describing it as “a timely response to critical manpower gaps in the industry”.

Bai explained that rigging and scaffolding remain safety-sensitive skills required across fabrication yards, offshore platforms, and construction sites, stressing that the programme bridges the gap between certification and practical competence.

He also charged the training consultant, OROH Contractors Limited, to maintain strict standards of professionalism, safety, and discipline, while urging participants to remain committed, focused, and disciplined throughout the exercise.

The Senate Liaison Officer for Sapele Local Government Area, Chief Patrick Akamuvba, , described the programme as a major step in strengthening human capital development in Delta Central.

Akamuvba said scaffolding and rigging skills are in high demand across residential, commercial, and industrial construction projects, noting that the training offers real employment opportunities for beneficiaries

He urged participants to prioritise knowledge and certification over short-term material expectations, stressing that discipline and seriousness would determine their long-term success.

He also cautioned youths against social vices and distractions, advising them to remain focused to maximise the opportunities provided by the programme.

Continue Reading

Business

Commercial Aviation: Bayelsa Begins Operations As Pioneer Airline Launches Maiden Flight

Published

on

Bayelsa State has officially commenced commercial aviation operations recently as Pioneer Airlines operated its first non-scheduled flight using one of the state government’s newly acquired aircraft, an ATR 72-600.
This was contained in a statement issued by the Chief Press Secretary to the Governor, Daniel Alabrah, this week and made available to Aviation correspondents .
The statement said that the initiative reflects Governor Diri’s commitment to transforming Bayelsa through visionary leadership and strategic investments.
 Governor Diri in  the statement expressed satisfaction with the airline’s operational capacity and professionalism, noting that he was optimistic about a productive and mutually beneficial partnership between the state and the airline.
The governor described the development as another milestone in the state’s drive toward economic growth and infrastructural advancement.
The historic maiden flight departed the Nnamdi Azikiwe International Airport in Abuja at 11:10 a.m. after taxiing off the tarmac at about 11:00 a.m. and receiving clearance from the control tower.
The aircraft, piloted by Captain M. Ibrahim alongside First Officer Joyce, a female co-pilot, arrived at the Bayelsa International Airport at 12:15 p.m. after a smooth one-hour, five-minute journey.
On board of the inaugural flight was the Governor of Bayelsa State, Senator Douye Diri, who occupied seat 1A as the symbolic first passenger of the airline operation.
RYa1.
Also on the flight were former House of Representatives member, Hon. Gabriel Onyenwife, the Governor’s Special Adviser on Political Matters I, High Chief Collins Cocodia, and five aides to the governor.
The launch marks the beginning of Bayelsa State’s entry into the commercial aviation sector through its partnership with Pioneer Airlines, a move expected to boost connectivity and expand the state’s internally generated revenue base.
Enoch Epelle

 

Continue Reading

Trending