City Crime

FG Urges Resident Doctors To Suspend Strike

Published

5 years ago

September 9, 2020

The Federal Government yesterday, urged the National Association of Resident Doctors (NARD), to suspend its ongoing industrial action across the country.
Minister of Labour and Employment, Senator Chris Ngige, said this in a statement signed by Mr Charles Akpan, Deputy Director, Head, Press and Public Relations in Abuja.
Ngige said that it was imperative for NARD to suspend the industrial action as government had already addressed six out of the eight demands listed by the association.
He said government will reconvene a conciliation meeting between NARD and Federal Ministries of Health, and Finance, Budget and National Planning on Wednesday at the Federal Ministry of Labour and Employment to avert the ongoing strike.
According to Ngige, by Labour Laws and International Labour Organisation (ILO) Conventions, when issues are being conciliated, all parties are enjoined not to employ arm-twisting methods to intimidate or foist a state of helplessness on the other party; in this case, your employers, the Federal Ministry of Health.
He, therefore, appealed to NARD to respect the country’s laws and suspend its industrial action, while noting that a high percentage of the Association’s demands had already been addressed.
“This is coupled with the existence of a pending case in the National Industrial Court of Nigeria (NICN) instituted by two Civil Society groups against NARD, the Attorney -General of the Federation, and the Ministers of Health, and Labour and Employment”, he said.
“NARD had no reason to embark on an industrial action, “he said.
He also stated that the groups, Citizens Advocacy for Social Rights (CASER) and Association of Women in Trading and Agriculture (AWITA), had also asked for an interlocutory injunction against further strike by NARD.
He added that all the parties had already appeared and exchanged court processes.
Ngige said that in spite of lean resources occasioned by the effect of COVID-19 on oil output, the federal government had already spent N20 billion on the Special Hazard and Inducement Allowances for Medical and Health Workers for April, May and June 2020, with a few outstanding payments to some health workers for June 2020.
He also said that the federal government has expended N9.3 billion as premium for Group Life Insurance for Medical and Health workers, as well as for all civil and public servants in federal organisations that are Treasury funded, to run from March 2020 to March 2021.
He disclosed that the federal fovernment have appropriated the sum of N4 billion in the Special Intervention COVID-19, while N500 billion in 2020 appropriation for the funding of Medical Residency Training and intended to do same in the ongoing 2021 Budget.
The minister further stated that N4 billion has been processed for payment.
Ngige also said that the matter between NARD and the University of Port Harcourt Teaching Hospital has been resolved, while the resolution of the issue of State Governments not addressing the consequential adjustment to the new minimum wage, and low patronage of Residency programme were ongoing.
He said plans were on for the conciliation meeting between NARD and Federal Ministries of Health, and Finance, Budget and National Planning to be held on Wednesday at the Federal Ministry of Labour and Employment.(NAN)

City Crime

RSG Ready For 2030 Digital Transformation

Published

1 month ago

October 27, 2025

The Tide

The Permanent Secretary, Rivers State Information and Communications Technology (ICT) Department, Mrs. Elizabeth Akani, has said the State Government was set to meet up the 2030 target of the Federal Government towards the actualization of digital economy.

Akani said this at the Rivers State Sensitization Workshops on The Adoption of Nigeria Start-up Act and National Digital Literacy framework (NDLF), in Port Harcourt, weekend.

She noted that the State was ready for both the adoption and domestication of the Act.

According to her, up to 90-95% preparation have been fully covered by the state in readiness to welcoming the digital economy Act.

“Stakeholders talked about adoption and domestication of the Act, it was fruitful. The draft has been sent to the government”, she said.

She also noted that the move was in line with the digital transformation plan of the state and the country at large.

The Convener, Start South, Mr. Uche Aniche, who made case for full ICT Ministry for the state, said such will command the needed growth in the system.

Aniche stated that until they attained the lofty height, all about Tech-knowledge and growth may not fall in place as expected.

Other tech-operators, such as the Code Garden Chief Executive Officer, Mr. Wilfred Wegwu, who welcomed the idea, said it must be done in the nearest future.

Wegwu noted that technology has taken over the world at present, adding that government at all levels needed to key into the system.

He also stated that the system play major roles in various spheres of life, including relationships and collaboration.

He also revealed that the system now was up to forth Industrial Revolution (4IR), according to global shift ranking.

It will be recalled that the State Government has recently ordered to construct ICT centres across the 23 Local Government Area of the state in order to meet up the yearnings of the technology world.

By: King Onunwor

City Crime

Industry Braces For Glut And Investor Demands

Published

2 months ago

September 29, 2025

The Tide

The oil and gas industry is in for a tough year ahead, as it must balance financial discipline, shareholder returns, and long-term investments in the sustainability of the business—while navigating a hypothetical glut.

The warning comes from Wood Mackenzie, which said in a new report that the industry was faced with conflicting trends over the next year that would make decision-making challenging. Among these is an expectation that the market would tip into an oversupply, pressuring prices, while the demand outlook for oil over the long term brightens up, motivating more investments.

“Oil and gas companies are caught between competing pressures as they plan for 2026. Near-term price downside risks clash with the need to extend hydrocarbon portfolios into the next decade. Meanwhile, shareholder return of capital and balance sheet discipline will constrain reinvestment rates,” Wood Mackenzie’s senior vice president of corporate research, Tom Ellacott, said.

The executive added that investors would also influence decisions, as they continue to prioritize short-term returns over long-term investments. This last part, at least, is not unusual in the current investment environment across industries. It could, however, make life even more difficult for oil and gas companies for a while.

The glut that Wood Mackenzie analysts expect is the same glut that the International Energy Agency has been expecting for a while now. Yet that very same International Energy Agency earlier this month issued a warning on the longer-term security of global oil supply, saying the industry needed to step up investment in new production because natural depletion at mature fields was progressing faster than previously assumed.

Per the report, if the industry has to maintain current levels of oil and gas production, more than 45 million barrels per day of oil and around 2,000 billion cu m of natural gas would be needed in 2050 from new conventional fields. It’s worth noting that this is maintenance of current production levels, assuming demand will not rise, which is a risky assumption.

Even with projects ramping up and new ones approved for development and not yet in production, a large gap still exists “that would need to be filled by new conventional oil and gas projects to maintain production at current levels, although the amounts needed could be reduced if oil and gas demand were to come down,” the IEA said.

However, demand could just as well increase, heightening the degree of uncertainty in the industry and making long-term planning even more challenging—especially for companies with higher debt-to-equity ratios. Wood Mackenzie expects those with gearing of above 35% would prioritise resilience over long-term growth, while those with better debt positions would turn to divestments and asset acquisitions to improve the quality of their portfolio.

Share buybacks will also remain on the oil industry’s table as a favorite tool for making shareholders happy, although, Wood Mac notes, these tend to dry up when oil slips below $50 per barrel. Interestingly, the analytics company does not seem to factor into its analysis a scenario where prices might go up instead of down, especially now that President Trump has signaled he would be willing to step up pressure on Russia to bring a swifter end to the war in Ukraine.

If prices do rise, for whatever reason, including failure of the massive 3-million-bpd glut that the IEA predicted to materialize, then the immediate outlook for the oil and gas industry becomes different—but not too different. Companies have already demonstrated they would not return to their old ways of splurging when times were good and tightening belts when times were bad. They would likely stick to spending caution and shareholder return prioritization, regardless of prices.

By Irina Slav

City Crime

ECN Commences 7MW Solar Power Project In AKTH

Published

2 months ago

September 22, 2025

The Tide

As a landmark intervention designed to guarantee uninterrupted electricity supply, the Energy Commission of Nigeria (ECN), has commenced a 7MW solar power project at the Aminu Kano Teaching Hospital (AKTH)

The project is the outcome of ECN’s comprehensive energy audit and strategic planning, which exposed the unsustainable cost of diesel and the risks associated with AKTH’s dependence on the national grid.

Working in close collaboration with the Federal Ministry of Innovation, Science, and Technology under the coordinating leadership of Chief Uche Nnaji, the ECN planned and executed this critical project to secure the hospital’s energy future.

The Director – General, ECN, Dr. Mustapha Abullahi, said “the timing of this intervention could not be more crucial” recalling that only days ago, AKTH suffered prolonged power outages that tragically claimed lives in its Intensive Care Unit.

“That painful incident has strengthened our resolve. With this solar installation, we are ensuring that such tragedies are prevented in the future and that critical medical services can operate without fear of disruption”.

Abdullahi stated that the project is a clear demonstration of the Renewed Hope Agenda of President Bola Ahmed Tinubu in action and reflects ECN’s commitment to making Nigeria’s energy transition people-centered, where hospitals, schools, and other essential institutions thrive on reliable, clean, and sustainable power.

The ECN boss further reaffirmed ECN’s commitment to continued deployment of innovative energy solutions across the nation.

“This is not just about powering institutions; it is about saving lives, restoring confidence, and securing a brighter future for Nigerians”, he stated.