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Mobil, Other Oil Firms Not Exiting Nigeria -Kachikwu …As FG Gives Condition For Fuel Subsidy Removal

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The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says that no International Oil Company (ICO) is planning to exit Nigeria contrary to reports in some section of the media.
Kachikwu made this known while briefing newsmen after facility tour of ExxonMobil Erha Floating Production Storage and Offloading vessels (FPSO) in Lagos yesterday.
“I have confirmed that it is not true, there are going to be here for a long stay, they will be here over the next 50 years, they are looking for more, they are doing all kinds of things, they just begun the exploration campaign first time in four years because of the new cash call policies we put in place.
“That is not a sign of somebody who is exiting. But different from not exiting is to be aggressive. ExxonMobil needs to be more aggressive in terms of development policies,’’ he said
He added that ExxonMobil needs to be more aggressive with business as Bonga Southwest was almost on FID, Egina just kicked off and Agip is struggling to get Zabzaba online.
“So, I need to see a very robust development,’’ he advised
Mr Richard Laing, ExxonMobil Executive Director, Production commended the minister for making out time to visit the facility and reiterated that the company had no plans to exit Nigeria.
“We are happy with Nigeria, We have our differences, and we don’t agree on everything, we are happy and content. We are delighted over the minister’s visit and we are happy that he has come back to his spiritual home.
“As the minister said, the corporation has been here for many years, we intend to stay, we have ambitious growth programmes to build wealth and grow business to make more profit, key into the gas commercialisation project.
“We fully support what the minister said and we look forward to working with him,’’ he said.
Meanwhile, the Federal Government has given conditions for the removal of subsidy on premium motor spirit, also known as petrol.
The conditions include: provision of alternative cushioning measures mutually agreed between stakeholders to protect the economically vulnerable members of the population.
Finance Minister, Zainab Ahmed, stated this at the press briefing marking the end of the 2019 Spring Meetings of the World Bank and the International Monetary Fund, IMF, in Washington DC, USA, yesterday.
She however said the Federal Government is yet to arrive at such measures.
She said there is no immediate plan to remove fuel subsidy, contrary to speculations that have led to the emergence of fuel queues in some parts of the country.
According to her, “At the IMFC meetings, the Managing Director requested for a mandate to pursue some negotiations with Governors for temporary financing options for ensuring that the Fund remains adequately resourced by maintaining the current resource envelope of the Fund through borrowed resources. This arose partly due to the delay in completing the 15th general review of quotas.
“While Governors endorsed this position, we called for an ambitious timetable for the 16th General Review of quota which should result in increased quota shares for dynamic economies in line with their relative positions in the world economy, while protecting the voice and representation of the poorest members.”
She further called for the normalisation of trade relations among the contending parties and called for concerted efforts to support multilaterism and avoid protectionist sentiments.
She added, “There is no imminent plan to remove fuel subsidy. We are here to discuss with the global community on various policy issues.
“One of the issues that always come up in the report, especially by the IMF as a corporate body is how we handle fuel subsidies. IMF is saying fuel subsidies are better removed so that you can use the resources for other important sectors.
“In principle that is a fact. But in Nigeria, we don’t have plans to remove fuel subsidy at this time because we have not yet designed buffers that can enable us remove fuel subsidy and provide cushions for our people. So there is no plan to remove fuel subsidy.
“We will be discussing with various groups . If we have to, what are the alternatives? We have not yet found viable alternatives . So we are not yet at the point of removing fuel subsidy.
“We also met with the World Bank Power Sector team and discussed the way forward on the Proposed USD1 billion Nigeria Performance Based Loan (PBL). We agreed to bring relevant MDAs together to ensure that we advance this in a timely manner.
“We will also discuss the Country Portfolio Performance of Nigeria which currently stands at $9.8 billion with the Nigerian Country team at the World Bank and how we could manage the portfolio for optimum results.”

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Dislodge Illegal Oil Refinery Operators, Wike Tasks Monarchs

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Rivers State Governor, Chief Nyesom Wike has urged traditional rulers in the state not to allow illegal crude oil refining (Kpo-fire) activities to take place in their domains anymore.
Wike gave the charge at a meeting he held with traditional rulers in the state at the Banquet Hall of Government House, Port Harcourt, last Friday.
The meeting was also attended by heads of security agencies and chairmen of the 23local government areas of the state.
Wike told the traditional rulers that those involved in illegal oil refining activities were sabotaging the economy.
He regretted that the Federal Government, which controls the oil industry and the security agencies, has been indifferent to the soot pandemic and the damage it was inflicting on the health of the residents of Rivers State.
“I should think that the way Federal Government intends to fight insurgency is the way they should fight illegal oil bunkering, because it is sabotage on the national economy. Very big sabotage! It affects our own revenue.
“If we are supposed to produce two million barrels, for example, we are now producing 1.2million. And that 1.2million barrels, it affects Rivers State because we are not producing up to the volume we are supposed to produce, and then, we cannot get the money to do whatever you want us to do.”
The governor also said that illegal oil refining activities constitute environmental hazard capable of causing cancer-related illnesses in the state.
According to him, his primary concern was to ensure that the health of residents of the state was not jeopardised.
“It is the responsibility of the Federal Government to see how this thing can be stopped. As I speak to you, nobody has called me from the Federal Government to say how they can support us. But that is not my business. My business is the health of my people. I will not because the Federal Government is not interested to stop it, therefore, my people should die. If everybody dies, who are you going to govern?”
The governor, therefore, urged the traditional rulers not to be less concerned about the activities of illegal oil refinery operators, but to frantically mobilise members of their Community Development Committees (CDCs) and the leadership of their youth groups to work in synergy to dislodge them from their domains.
Wike berated the Nigerian Police for being complicit in the criminal act of illegal oil bunkering, which is why they were not committed to the fight to stop the illicit business.
He also described as embarrassing how officers of the Nigerian Security and Civil Defence Corps (NSCDC) have continued to be complicit in the act and shamelessly involved in sabotaging the national economy.
“I don’t know how I can be a security officer sent to a place to protect people, to protect whatsoever belongs to the Federal Government, at the same time, I’m involved in sabotaging the national economy. I don’t understand how I can wear uniform and be involved in that. If they do not want to support us, we have no choice but to expose all the atrocities that are going on in this state.”
Wike said he recently received intelligence that an Army Major was providing exit services to illegally refined petroleum products, and had to send security personnel to thwart it.
“In fact, I had to send my special security to go and intercept a major who was trying to escort some of these illegal products.”
The governor declared that his administration would not hesitate to expose any security personnel involved in such illegal oil refining activities.
Wike frowned at the inability of the Nigeria Police to arrest Chief W. J. Wocha; Fubara Ohaka; and other members of the illegal bunkering cartel operating at Ibaa community in Emohua Local Government Area.
He said the names of all indicted persons would be published soon and they would be declared wanted.

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Rivers Rating In Ease Of Doing Business Rises -Banigo

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Rivers State Deputy Governor, Dr Ipalibo Harry Banigo has said that the sub-National Ease of Doing Business Baseline Survey indicates that Rivers State was doing great in the Ease of Doing Business Index in the country.
Banigo stated this at the Port Harcourt International Airport, Omagwa, last Thursday, shortly after her arrival from Abuja, where she represented the State Chief Executive, Chief Nyesom Wike at the Nigerian Governors’ Forum and the National Economic Council meeting.
Banigo disclosed that the factors, which determine this survey, include infrastructure, security and healthcare.
“With the 10 flyovers the governor was constructing in Rivers State, and of course, with all the other infrastructure in health, education; and the monumental improvement in security as well as the clearing of the hideouts of criminals, obviously gave us a head way in doing very well in this baseline survey”, the deputy governor further stressed.
According to the public health physician, the response of the state to the COVID-19 pandemic, under the watch of the governor as the incident manager, has been tremendous in terms of healthcare delivery.
“I want to encourage the citizens of the state to maintain the non-pharmaceutical measures like the correct wearing of face masks, regular washing of hands with soap and running water for, at least, 20 seconds, social distancing, coughing and sneezing into one’s elbow as well as the improvement of personal and environmental hygiene. I also want to encourage Rivers people that vaccination actually reduces the mortality and morbidity that arises from COVID-19″, Banigo said.

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Ex-Agitators Beg Firms To Return To N’Delta

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Ex-agitators have pleaded with companies especially oil companies that relocated from the Niger Delta region following spate of insecurity triggered by militancy to return to the region promising uninterrupted peace.
The former warlords also called on interventionist agencies to work together to sustain the peace and ensure development of the region.
They spoke in Yenagoa, the Bayelsa State capital, during a regional peace summit to sensitize people on the need to advance the peace currently enjoyed in the region.
The ex-agitators also condemned proliferation of illegal refineries and lamented its adverse effects on development.
One of the participants at the summit and ex-freedom fighter, Pastor Nature Dumale Kieghe said as ex-agitators, who keyed into the vision of the Interim Administrator, Presidential Amnesty Programme, Col. Milland Dixon Dikio (rtd), they have resolved to work for a new and better Niger Delta.
“It is important to sensitize our people towards a peaceful Niger Delta and create a friendly environment that will attract development, Multinational companies and other foreign investors to the region.
“We, who once carried guns, are now here to preach the message of peace to our people in the region. Peace is the only way we can have the developed environment that we dream of. Peace is the only way to attract the multinationals, investors and also be gainfully employed,” he said.
According to Nature, peace remained a vital tool to attract investors to the region which would in turn create business and job opportunities for the people.
“Companies that have left the Niger Delta because of insecurity need to return, this is the purpose for sensitization. We are blessed with an environment that is supposed to prosper us, we can only enjoy our natural resources if there is a peaceful environment, “ he added.
Nature pointed out that a major setback to the development of the Niger Delta was the absence of proper coordination among key stakeholders.
He said with the right synergy, the Ministry of Niger Delta Affairs, the Niger Delta Development Commission (NDDC), Ministry of Environment, Ministry of Petroleum Resources, the Presidential Amnesty office, could hasten the needed development of the region.
On illegal oil refinery, Nature explained that beyond hampering the development of the region, illegal refining of petroleum products was life threatening and dangerous to the ecosystem.
The sensitization programme commenced in Bayelsa state with 150 Niger Delta youths in attendance and would be held across the nine states of the region to create adequate awareness.

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