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Niger Delta

We’ll Complete Repayment Of Sylva’s N50bn Bond -Dickson

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The Bayelsa State Government under Governor Seriake Dickson has restated its commitment to completing repayment of the N50billion bond facility which was obtained by the administration of former Governor Timipre Sylva.
The Commissioner for Finance, Mr Maxwell Ebibai reiterated the government’s commitment while briefing newsmen on major resolutions reached at the 105 State Executive Council meeting in Yenagoa last Wednesday.
He, however, did not disclose how much of the N50billion bond had been repaid so far by the government and how much was left.
Sylva took over from former President Goodluck Jonathan as governor of Bayelsa State in 2007 and was sacked from office by a court judgment in January 2012 after he was denied a second term governorship ticket by the Peoples Democratic Party (PDP).
In 2013, he defected to the All Progressives Congress (APC) and became the leader of the party in the state.
Recall that the Governor Dickson-led administration had in May 2016 claimed to have expended the sum of N123billion to service debts, including bonds and foreign loans collected by the Sylva administration, from 2012 to May 2016.
But the figure was a contradiction of the government’s earlier claim in August 2015 that it had spent N242billion to pay debts incurred by the Sylva administration.
Dickson, at the time, disclosed that he inherited a massive debt profile of N332 billion from the Sylva administration when he assumed office as governor in February 2012.
He said that his government had paid N242billion to service the debts and that about N90billion was the balance payment. According to the government, the total value of the bond was N104 billion and was expected to be paid off in June 2017.
Nevertheless, the Commissioner for Finance told reporters that the Dickson administration had been committed in the repayment of the loan in order to take off the huge burden it had placed on Bayelsa.
Ebibai also said that the State Executive Council also reviewed the funding options before it for some of its key projects and the challenges of completing such projects.
He explained that to achieve its target, the government had expanded the Contractor Infrastructure Finance Development Scheme (CIFDS), which would give contractors access to funds directly from banks based on milestones.
Ebibai further explained that with the scheme, contractors could approach banks to secure the loan and execute their projects while the state government will act as a guarantor and ensure that the loans are repaid based on the job done.
He said, “It is a sort of a Public Private Partnership (PPP). It involves the government, the contractors and the banks. We are not borrowing, but the contractors.
“We will only guarantee payment based on the job done. By this, we are sure to complete some of our key projects.”
Ebibai stated that the present administration was determined to start the sand filling of the Nembe/Brass Road in Bayelsa East Senatorial District with an eye for the completion of the Sagbama/Ekeremor Road in Bayelsa East and Yenagoa/Oporoma Road in Bayelsa Central, and other projects.

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Niger Delta

NCDMB Boss Lauds SNEPCO, Others Over Project Execution

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has commended Shell Nigeria Exploration and Production Company (SNEPCo) and the Bayelsa State Government for the completion and inauguration of a Learning Centre and Digital Library at the state-owned Niger Delta University (NDU), Wilberforce Island, Amassoma, in the Southern Ijaw Local Government Area of the State.
The Tide learnt that the state-of-the-art facility which boasts three floors–a 2,300 seater Library Building, and a fully equipped digital library, also has a Wi-Fi Lounge, offices, digital educational technology rooms, a 500KVA generator housed within a purpose-built external structure, 500KVA transformer, a dedicated water facility and overhead tank.
Other facilities contained in the infrastructure, according to a statement from the Corporate Communications Directorate of the NCDMB, include a restaurant/recreation hub.
Represented by the Director of Corporate Services of the Board, Dr. Ama Ikuru, the Executive Secretary prefaced his address at the commission ceremony which took place recently with a word of appreciation to the State Government for making the environment conducive for business activities.
“Those of us in the oil and gas industry know that without the enabling environment, there’ll be no project and without projects, there will be no local content growth and no projects like this one.
“The project is part of SNEPCo’s commitment to the Nigerian Content Human Capital Development Initiative.
“I’ll thank Shell Nigeria Exploration and Production Company Limited (SNEPCO) and by extension, Shell Companies in Nigeria, for showing faith, commitment, and good execution in the delivery of this project.
“I also want to commend the Nigeria’s Upstream Investment Limited for approving the execution of this project”, the NCDMB boss said.
Ogbe continued that, “SNEPCO was not compelled by legislation, nor the force of regulators, nor by community agitation, but they saw the need to support education in Nigeria and worked with their partners to conceptualize and commence the execution of this project.
“The role of the NCDMB played in facilitating the project execution was that when funding for completion of the project became an issue, they sought permission from the NCDMB to complete the project. And so their request was promptly granted, with assurance of ‘our total support”.
He noted that the Niger Delta University was ready to soar above her peers in a digitalization and artificial intelligence-dominated academic world with the completion of the facility, saying research projects will be completed on time, new findings will be published, students will graduate on time and lecturers will have the best materials for their publication and receive their elevation.
“We’re immensely proud of this achievement. In delivering this project, Shell Companies in Nigeria have proven beyond doubt that they are truly partners for Nigeria’s development”, the ES restated.
Also speaking, Managing Director, SNEPCO, Mrs. Elohor Aiboni, said “the learning complex embodies the commitment of her company to improving access to education for all Nigerians, and that the achievement is the culmination of a vision shared by Nigerian National Petroleum Company Limited (NNPCL), SNEPCo, our co-venture partners, the Nigerian Content Development and Monitoring Board and the Niger Delta University”.
On the wider benefits of the project to the local community and others, Mrs Aiboni noted that sustainable development is at the core of the firm’s mission, saying the construction process incorporated knowledge transfer programmes, empowering 24 individuals from the Niger Delta University with hands-on experience in complex engineering through industrial training opportunities.
“This initiative equips them with a solid foundation for successful future careers”, she said.
In the same vein, Managing Director, Shell Petroleum Development Company of Nigeria Limited, and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, said the history of Shell companies in Nigeria began in Bayelsa State.
He described the Learning Centre and Digital Library as a signature project in the Niger Delta, and thanked industry colleagues for the fruitful collaboration.
Okunborn also reassured that Shell Companies in Nigeria will continue to maintain close partnership with the Bayelsa State Government.
In his own remarks, Deputy Governor of the State, Senator Lawrence Ewhrudjakpo, thanked all who initiated and completed the facility.
He urged Shell and other oil and gas industry players never to relent in partnering the State, advising the university community to put the facility to the best use.
”For the students, the time to give excuses for your failure is over. And for the lecturers, the time to give excuses for your inability to research has also expired”, the State Deputy Governor said.
The Tide gathered that the construction of the Learning Centre and Digital Library was initiated by SNEPCo in 2007 to enhance educational infrastructure in the country.

 

Ariwera Ibibo-Howells, Yenagoa
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Niger Delta

Diri, Others Task NDDC, MNDD On Collaboration …As Tinubu Promises East-West Road Completion

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Bayelsa State Governor, Senator Douye Diri, his Delta State counterpart, Chief Francis Oborevwori, and other stakeholders have called on the Niger Delta Development Commission (NDDC), and the Ministry of Niger Development (MNDD) to collaborate more effectively with sub-national governments in the region.
They spoke at the 6th meeting of the National Council on Niger Delta (NCND) at the Unity Hall, Government House, Asaba, Delta State, recently with the theme, “Stimulating Strategies for Economic Growth and Development in the Niger Delta Region”.
Declaring the meeting open, President Bola Ahmed Tinubu, represented by the Minister of Steel Development, Prince Shuaibu Abubakar Audu, assured that his administration would prioritize the completion of the East-West Road in view of its importance not only to the Niger Delta states, but to the entire country.
He said the administration was repositioning the Niger Delta Development Ministry and the NDDC to harmonize all development plans of agencies and partners operating in the region into a single integrated regional development plan to actualize their mandate.
He restated his commitment towards resuscitating refineries in the country to ensure petroleum products availability and reduction in their retail prices.
He said: “It will gladden you to note that my administration has demonstrated interest in repositioning the NDDC to ensure it delivers optimally on its objectives and mandate, and to make it achievements manifest in different sectors of life across the Niger Delta region.
“The East-West Road project is the largest infrastructure project in Nigeria today, and the reason is not far-fetched; It is a very strategic road connecting the nation’s busiest and foremost commercial cities in the country.
“Its completion is a priority to this administration, and this I assure you will be delivered in the very nearest future. On a broader scale, we are dedicated to ensuring that our local refineries across the Nicer Delta and other parts of the country are made operational soonest”.
In his goodwill message, Governor Diri noted that effective collaboration between the Niger Delta Ministry, the NDDC and the nine states would fast-track the socio-economic development of the Niger Delta region.
The Governor, who was represented by his Deputy, Senator Lawrence Ewhrudjakpo, stated that such cooperation would equally enable the ministry and the interventionist agency to better deliver on their mandate.
He stressed the need for big ticket infrastructural projects, such as seaports, roads, bridges and gas turbines to generate power for aggressive industrial development for job and wealth creation in the region.
While thanking the NDDC and the Ministry of Niger Delta Development for organizing the meeting, Governor Diri cautioned all stakeholders against paying lip service to the implementation of resolutions reached at such meetings.
In their separate remarks, the Governor of Delta State, Chief Francis Oborevwori and his Imo State counterpart, Senator Hope Uzodinma, said it was high time the resources meant for the region were used for its development.
Chief Oborevwore emphasized the need for NDDC and the Niger Delta ministry to complete their uncompleted projects in the region, particularly the East-West road, which had been under construction for decades.
Presenting a 3-page communique at the end of the meeting, the Minister of Niger Delta Development, Mr Abubakar Momoh, said Council noted the effort of his ministry on agricultural training and empowerment initiatives in the region for job and wealth creation among youth, women and vulnerable groups.
He added that Council also considered and approved some memoranda, including the one submitted by the Bayelsa State Ministry of Environment on the need to increase investment in the provision of storage facilities and value chain to preserve agricultural produce for sustained growth.
The communique read in parts:”That the Ministry of Niger Delta Development (MNDD) and the Niger Delta Development Commission and the nine states take appropriate steps to train and empower youths on the conversion of PMS to CNG-powered machineries in the Niger Delta region”.
Momoh announced that the date for the next National Council on Niger Delta (NCND) meeting, which is scheduled to hold in Imo State would be communicated in due course.
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Niger Delta

Calabar-Itu Road: C’River Set To Compensate Property Owners

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The Cross River State Government says it is set to pay compensations to property owners along the Calabar-Itu highway to fast track the implementation of the road project.
The State Commissioner for information, Mr. Erasmus Ekpang, disclosed this in an interview with The Tide’s source in Calabar on Friday.
Ekpang said the state government would spend about N400 million to pay the compensations.
The Commissioner stated that the move was part of the decisions reached at the State Executive Council meeting held reverently.
According to him, the state government shall only pay compensations to those whose property were identified in the original demolishment.
He said although it was the responsibility of the Federal Government to pay, the Governor Bassey Otu-led government chose to prioritize the welfare of the people.
“We are also doing this to avoid delays, we have decided to put our people first by bearing this burden”, said.
Ekpang said the Otu-led administration had also concluded arrangements for an aggressive urban renewal drive in the three senatorial districts of the state.
“We are embarking on massive rehabilitation and construction of roads in Ogoja and Ikom. Traffic and street lights will be installed at major junctions and roads in the areas”, he said.
The Commissioner said the move was is in line with the administration’s commitment to decentralise development in the state.
“This move will create avenues for our people outside the urban centre to benefit from governance”, he said.
Ekpang continued that the Governor had approved the construction of 5km of Yahe-Wanokom-Wanikade-Benue Border Road (Phase 1) and 3km of Yache-Alifokpa Road (Phase 1).
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