Business
Firm Moves To Cultivate 5,000 Hectares Oil Palm In Edo
Okomu Oil Palm Plc, says the company is collaborating with the Edo State Government and Terra Agric Nigeria to cultivate oil palm on 5000 hectares of land over a period of six years.
The Agriculture coordinator of the company,Mr Billy Ghanasah disclosed this at the Okomu Smallholder Farm Development Project organised in collaboration with the Edo State Investment Promotion Office (ESIPO) and Terra Agriculture, in Benin City, Edo State, recently
The coordinator said the project would promote complete value chain development of oil palm business in the state for existing and prospective oil palm farmers, adding that the project would be spread across four local government areas reputed for oil palm production in the state.
According to him, Okomu Plc will provide the inputs, technical support and offtake the produce from the farmers, noting, “We are looking at Ovia South West, Ovia North East, Uhunmwode and Esan West local government areas for locations of the hectares and we are expanding our oil mill by 50 per cent in view of this project.”
A former Permanent Secretary, Edo State Ministry of Agriculture, Kadiri Bashiru, commended partners on the project, urging the organisers to have regular training for the youths, who will partake in the initiative.
He said the state government is empowering Edo people to drive the economy through its agri-preneur programme, which links farmers to off-takers and ensures that farmers make good returns from their business.
The Chairman, Terra Agric Nigeria, Jasper Izzi, said the Ambrose Alli University (AAU) would be providing 1000 hectares of land for the oil palm project in Ekpoma under a graduate management scheme.
Mr Izzi said AAU was also collaborating in the training of farmers and development of arable crops and animal husbandry in the proposed land, adding, “We want to have one graduate to four hectares of land. This means 250 graduates will manage 1000 hectares of land with the support of over 9,000 unskilled labourers.
“Once Okomu starts preparing the oil palm seedlings which will take about a year, we will use the land for arable crop production and animal husbandry,” he added.
The Head, Edo State Investment Promotion Office, ESIPO, Kelvin Uwaibi, said the state government was partnering with the stakeholders to boost job creation and educate farmers on modern agricultural techniques to adopt.
Mr Uwaibi added that the state government would be providing the enabling environment for the investment, noting, “We are supporting this to ensure investments that come into the state have the needed environment to thrive and to ensure that we are the final destination for investors.”
Business
NCDMB Recommits To Youths’ Capacity Building
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola-Ogbe, has reeled out initiatives evolved by the Board in its contribution towards capacity building for youths across the country.
The NCDMB Scribe revealed this recently at the 2024 Practical Nigerian Content (PNC) Youth Forum held in Yenagoa, the Bayelsa State capital.
Tagged “empowering the future: unlocking the opportunities in the Niger Delta oil and gas sector”, the event featured three thematic lecture series delivered by the founder and leader of the Niger Delta Peace Coalition (NDPC), Mr. Zik Gbemre, the Bayelsa State Commissioner for Youths Development, Mr. Alfred Kemepado Nimizigha, and the Chief Executive Officer, PE Energy ltd., Mr Daere Akabo.
Ogbe, who was represented by the Manager, Capacity Building of the Board, Mr. Olugbenga Sheba, noted that the NCDMB has recently partnered the Nigerian Liquified Natural Gas (NLNG) to commence the Nigerian Content Human Capacity Development (NC-HCD) in the oil and gas sector for the training of 331 young graduates.
“As you already know, the NCDMB was established by the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010.
“Our mandate is to develop human capabilities and material capacities in the Nigerian oil and gas industry, and to monitor and enforce compliance with the provisions of the act”, the NCDMB Scribe said.
“The theme for this year’s youth event is ‘Empowering the future: Unlocking the opportunities in the Niger Delta Oil and Gas Sector’. This theme speaks to our determination and ongoing efforts to introduce youths from the Niger Delta to opportunities that abound in the oil and gas industry.
“Few weeks ago, we partnered the NLNG to kick start the Nigerian Content Human Capacity Development (NC-HCD) basic training programme for a total of 331 young graduates. The training covers ICT, Engineering, Welding and Fabrication, Non-destructive Testing (NDT), Lifting and working at Height, Quality Management Systems, Marine and offshore services and Facility Management and Maintenance.
“We also organised training for youths with the Industrial Training Fund (ITF), WalterSmith Petroleum, and other organizations. And as part of the NCDMB’s initiatives in the Niger Delta, we’ve developed two oil and gas parks at Emeyal one in Ogbia Local Government Area of Bayelsa State, and Odukpani in Cross River State”, he added.
By: Ariwera Ibibo-Howells, Yenagoa
Business
FGC, Warri Wins NCDMB, ICPC Maiden Anti-Corruption Schools Debate
The Federal Government College, Warri, Delta State, has won the maiden ‘’Anti-Corruption” debate organised for select Secondary Schools across the six geopolitical zones of the nation by the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with the Independent Corrupt Practices and other related offences Commission (ICPC) at the Content Tower, headquarters of the Board, Yenagoa, Bayelsa State.
The Tide reports that at the debate umpires said following the evaluation from the presentations by the two finalists, Federal Government College, Kazaure, Jigawa State, scored a total of 74.4 points as first runner-up while the Federal Government College, Delta State garnered 76.4 points to emerge winners.
Other schools that participated in the various stages of the debate leading to the finals were Federal Government College, Odi, Bayelsa State; Federal Government College, Okigwe, Imo State; Federal Government College, Ijanikin, Lagos State; Federal Government College, Maiduguri, Borno State; and Federal Government College, Rubochi, Abuja.
The Tide further reports that the theme for the 2024 International Day of Anti-Corruption was, “Effective Whistleblower Protection Mechanism: A Critical Tool in the Fight Against Corruption”, while topic for the debate was, “Impact of integrity on the expansion of public trust and confidence in governance.
Earlier in his keynote address, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, restated the Board’s stance against corruption, noting that fighting corruption is a must for the Board.
He reaffirmed his commitment to ideas and programmes geared towards putting an end to corruption within the system, and lauded the Federal Ministry of Education for approving the participation of students in the event.
While commending the ICPC for their support and continuous oversight over the activities of the Anti-Corruption Unit (ACTU) of NCDMB, Ogbe also thanked the anti-graft unit of the Board for putting the event together, noting that they were doing well in their efforts at combating corruption.
“To be clear on what today is about, we’re marking and celebrating International Anti-Corruption Day (IACD), with focus on raising the consciousness of our youths on the ills of corruption and how it stunts the socio-economic development of any Nation.
“This is to send a strong message for extra vigilance by all of us in combating the menace of Corruption from all fronts”, the NCDMB boss said.
By: Ariwera Ibibo-Howells, Yenagoa
Business
Free Meter Distribution: FG Deducts N700bn From Federation Account
The Federal Government has earmarked N700billion from the federation account to implement the distribution of free electricity meters under the Presidential Metering Initiative.
This was disclosdd by the Special Adviser to the Minister of Power on Strategic Communications and Media, Bolaji Tunji.
Tunji, who, in a chat with The Tide’s source noted that the PMI was on course with a target to deliver two million meters yearly, also revealed that the amount reserved for the project had reached N700 billion and procurement had started.
“The Presidential Metering Initiative is still on course. Two million meters every year, delivery of the first batch will start by the first quarter of next year. About N700billion provision has been made, and the money is ready”, he said.
He further revealed that the government would fulfil its promise to deliver 1.3million electricity meters out of the 3.2 million meters under the World Bank Distribution Sector Reform Programme initiative this month, saying that “The DISREP programme will commence this month”.
An analysis of the Federal Account Allocation Committee meeting minutes obtained by our correspondent between April and August showed that the government had saved N420billion from a monthly deduction of N100billion.
The amount deducted from the monthly federation revenue before allocation to the three tiers of government was aimed at bridging the metering gap in the country, which currently stands at 50 per cent.
Recall that N120 billion was deducted from April revenue as the first tranche for the PMI, bringing the amount deducted from the federation account for the initiative as of August to N420billion.
In May, the Minister of Power, Adebayo Adelabu, said the government would provide an initial N75billion as seed capital while the Nigerian Sovereign Investment Authority pledged to inject N250 billion annually for the initiative.
The Minister also disclosed that the initiative would leverage debt financing from diverse financial institutions to bolster the PMI’s resources.
The Managing Director of Abuja Distribution Electricity Distribution Company, Mr. Victor Ojelabi, recently said the PMI would unlock about N1trillion in revenue currently tied up in the Nigerian Electricity Supply Industry due to a large number of unmetered customers.
Under the initiative, the Nigerian Electricity Regulatory Commission announced the approval of N21billion for the 11 electricity Distribution Companies to provide meters for end-use customers at zero cost.
The Distribution Sector Recovery Programme is a comprehensive initiative aimed at addressing the challenges and inefficiencies within Nigeria’s electricity distribution sector.
Recently, the NERC acknowledged that the country’s metering gap remains substantial despite installing 3.03million meters since privatising the power sector in 2013.
It said 6.15 million out of 13.33 million registered customers had been metered, bringing the metering rate to 46.14 per cent in 2024.
-
Opinion3 days ago
Child Rape: A Global Menace
-
News3 days ago
Stakeholder Hails Fubara Over Ekpeye Chieftaincy Title
-
Politics3 days ago
After S’Court Victory, It’s Time To Work, Soludo Urges APGA
-
Maritime3 days ago
MOWCA, NIMET Collaborate On W’Africa Maritime Safety
-
News3 days ago
Kwara Hospital Threatens Mass Burial For Unclaimed Corpses
-
Oil & Energy3 days ago
NNPCL Proposes Five LNG Plants For Kogi
-
News3 days ago
Awo Idemili Community May Become Ghost Town If
-
Politics3 days ago
Why My Seat Should Not Be Declared Vacant By PDP – Ibori-Suenu