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We Generated N2trn For Nigeria In 2020,DPR DG Confirms

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The Director-General of the Department of Petroleum Resources (DPR), Engr. Sarki Auwalu has disclosed that the department generated N2trillion for the country in 2020, despite the downturn in the oil and gas industry caused by the Covid-19 pandemic.

Auwalu, who made this disclosure in Abuja, yesterday at the 2021 Society of Petroleum Engineers’ Oloibiri Lecture Series, said the DPR has grown to become a business enabler for the industry in Nigeria.

This year’s edition of the OLEF, the 30th in the series, had the theme: Operational Excellence and Portfolio Optimization, a way forward for the oil and gas industry post-Covid-19.

Auwalu, who noted that the business environment in the industry remained fragile, charged operators to eliminate inefficiencies by reducing cost, building partnerships and entrenching collaboration in the industry.

He said the department currently runs a progressive regulatory regime that incentives compliance and reward performance rather than place emphasis on infractions and penalties.

“Like I usually say to my colleagues, we want more royalties, not penalties; we want to see compliance kudos rather than non-compliance notices; we want to catch our duty holders doing something right not something wrong. In fact, our aim is to ensure that regulations and industry guidelines are issued and applied in a manner that reflects good oil field practise, internationally acceptable standards and are responsive to challenging and changing industry dynamics and global realities”, he added.

Auwalu stated that DPR has consistently exceeded the government’s revenue target by embracing systems and processes that ensure transparency and accountability in oil and gas revenue generation, computation, collection and reconciliation, as well as legacy debts recovery.

“Last year alone”, he stated, “We have generated over N2trillion for this country and we intend to exceed this value for this year”.

In his state of the industry address, the Minister of State, Petroleum Resources, Chief Timipre Sylva reiterated the Federal Government commitment to fully deregulate the downstream sector of the petroleum industry with a market-driven price of premium motor spirit, petrol.

Sylva whose address was presented by his Chief of Staff, Engr. Moses Olamide urged the SPE members to brace up to play a crucial role in the industry with the expected passage of the Petroleum Industry Bill (PIB), this year.

Also speaking, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari said the disruption caused by the Covid-19 pandemic has led the oil and gas industry into cost-cutting and survival strategies.

Represented by the Chief Operating Officer, Upstream, Engr. Adokiye Tombomieye, Mallam Kyari observed that “the industry was forced to curtail spending as it grappled with the challenges of sustaining current production levels, drilling operations, funding future growth and maintaining positive cash flow.

“There have also been declining investments in oil and gas explorations which will further affect the growth in the market”, he added.

He pointed out that in Nigeria, “the focus has been on increasing oil production, growing domestic gas utilization and maturing hydrocarbon reserves to generate revenue for the nation.

“We are also determined to increase downstream market share to guarantee energy security, investment in petrochemicals and fertilizer plants, promote the use of CNG and LPG as auto-fuels and increase domestic refining capacity”.

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MFN President Lauds IFMA Over Tournament Sponsorship

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President of Muaythai Federation of Nigeria MFN, Comrade Paul Egonu has lauded International Federation of Muaythai Association (IFMA) over the sponsorship of about 600 Khru Muaythai, trainers and foreign Muaythai boxers to perform the Wai Khru Muaythai ceremony.

The event was held at the Ancient Olympia Stadium in Greece, the birth place of Olympics Games. It was witnessed by a huge crowd including notable Muauythai athletes all over the world.

Comrade Egonu made the commendation in an exclusive Interview with Tidesports yesterday, shortly he arrived Port Harcourt from MFN meeting in Lagos, saying that the commendation was also borne out of the fact that IFMA made it possible for Muaythai to feature in Tokyo Japan 2020 Olympics as a scoring sport.

He further commended IFMA leaders, Dr. Sakchai Tapsuwan, President Stefan Fox, Secretary-General Janice Linn, Sports Director Dr. Supranee Kuptasara, former manager of the National Sports Development Fund (NSDF)Associate Professor Dr. Anan Meksawan, Dr. Chao Watayotha, International Khru Muaythai and other leaders to organise ” Muauythai IFMA Senior World Championship 2024″ in Patras, Greece, May 31 through June 9, 2024.

According to him, over 1,200 Muaythai athletes from 79 countries from five continents participated in the World Muaythai Championship and Muaythai boxers were divided into different categories.

“We commend our Internatiomal body to have successfully hosted Muauythai IFMA Senior World Championship 2024″ in Patras, Greece, between May 31 – June 9, 2024 and sponsor over 600 Khru Muaythai, trainers and foreign Muaythai boxers to perform the Wai Khru Muaythai ceremony in Ancient Olympia Stadium in Greece, the birth place of Olympics Games and prepared to showcase talents at the forthcoming 2024 Olympic Games in Paris, France.

” Apart from that we are also happy that our parent body is making sure that the sport is acceptable in every part of the world including in Nigeria”, Comrade Egonu said.

He use the forum to urge Muaythai athletes in Nigeria to keep faith and their moral high as the Federation awaits Federal Ministry of Youths and Sports to do the needful by recognising Muauythai as a scoring sports in NSF, as they have met the statutory requirements.

” As Federation we have met statutory requirements to be a scoring sports in NSF because we have appeared in three National demonstrations and have two-third of Muaythai athletes in the States which we have achieved since 2006 at the NSF Gateway Ogun State and unofficial demonstration at the 20th National sports Festival tagged Edo2020 NSF held in Edo state”, he stated.

The MFN President also assured Muaythai athletes in Nigeria that they will participate at the forthcoming NSF scheduled to hold in Ogun State next year January.

 

Tonye Orabere

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Winners-Take-All Approach Detrimental To Political Justice And Unity – Jonathan

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Former President Goodluck Jonathan has cautioned that the prevailing “winners-take-all” approach to politics in Nigeria is detrimental to political justice and unity.
Speaking yesterday as the chairman of the national symposium to mark this year’s Democracy Day at the Presidential Villa, Abuja, Jonathan emphasised the need for a more inclusive system where parties that perform well at the polls are given a role in governance.
The symposium, which marked this year’s Democracy Day, brought together prominent figures from across the country to discuss the state of democracy in Nigeria and the need for reforms.
Jonathan highlighted the negative impact of the current zero-sum practice, which he said fosters a culture of do-or-die politics. He urged the National Assembly to work out a formula that would ensure parties that score a certain percentage of votes in an election are included in governance, thereby promoting political justice and unity.
“The powers of the presidents are defined by different constitutions and so on and so forth.
“So our National Assembly can also look at models that will suit us. The zero-sum approach, where a party that even sometimes gets 40% of votes, especially at the state levels will have nothing, gives rise to this do-or-die politics.
“That zero-sum approach, I think, is inimical to consolidating and strengthening our democracy.
“Let me conclude by saying that together, we can forge a Nigeria where every citizen has a voice, where opportunities abound, where the promise of a better tomorrow is not just a dream but a tangible reality.
“Let us therefore celebrate this milestone with pride and renewed determination.”
President Jonathan also advised President Bola Tinubu’s administration to ensure that the politics of the next 25 years are transformative and inclusive, saying that there must be a determined effort to dilute the politics of region and religion.
“And I know you and President Bola Ahmed Tinubu, who was a key actor in the June 12 crisis, will have the capacity to navigate through that process.
“I believe this programme and others commemorating this landmark will point the way to that glorious vision and prepare the nation for golden time centenary celebrations of enduring democracy.”
Noting that the path towards democratic consolidation has been a difficult one, he said the return of democracy in 1999, after many years of military reign, signalled a new phase in the national journey and shared vision of unity, peace and progress.
The former president added: “In the last 25 years, we have made modest progress in this regard amid some challenges. As a nation, we built an economy that was once the biggest on the African continent, experienced significant infrastructural growth, made strides in the arts and sports, and recorded many peaceful political transitions at the national and sub-national levels.
“Democracy has also brought about improved access to governance, amplified silent voices and reinforced the idea of sovereignty.
“Whenever I tune in to Nigerian TV stations, especially in the morning and see young men and women discussing and interrogating contemporary political issues and holding leaders to account, I thank God for democracy and appreciate the gains we have made over the years.
“In these 25 years, through four power transitions from one president to another, including the death of a sitting president, we have seen the gradual strengthening of our democratic institutions, the expansion of civil liberties, and the active participation of our citizenry in the political process. This progress, while commendable, also reminds us that our work is far from done.
“It is, therefore, time to make this journey seamless, through good citizenship, patriotic service as well as sacrificial and exemplary stewardship.
“We must continue to build upon the foundations laid, deepen our democratic roots, and ensure that the dividends of democracy are felt by all Nigerians, regardless of their social, economic or geographic status.”
Jonathan also called on the political class and elites to lead by example and work with unity of purpose to guarantee peace, social justice, and effective governance for Nigerian citizens.
He emphasised the need for elected representatives to reflect their roles through their lifestyles and actions.
He said: “For democracy to yield its desired dividend, we the political class and elites must lead by example and work with unity of purpose to guarantee peace and social justice for the citizens. And our lifestyle must reflect that we are elected people.

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Ibom Developers Drive Sustainable Growth Through Skill Acquisition Workshop In Amazaba Community, Akwa Ibom

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Skill acquisition is a principal factor for building a successful career, significantly enhancing one’s employability and opening doors to various career opportunities. It serves as a cornerstone for driving holistic development within communities, fostering economic empowerment, and promoting sustainable growth.
Recognising the transformative impact of its ongoing skill acquisition initiatives, Ibom Developers has extended its programme to the Amazaba community in Eastern Obolo LGA, Akwa Ibom State, from 3rd to 14th June 2024.
This initiative aims to foster economic empowerment and community development by equipping participants with practical skills essential for economic independence.
During the event, 160 women received intensive training in catering, food hygiene, packaging, hairdressing, wig making, ventilation, and styling over a period of two weeks.
Distinguished guests, including Chief Gogonte Luke Nglass, Chairman of the Amazaba Council of Chiefs, Chief Alexander Ikowa, Village Head of Okorobilom, Chief J.J Job, Village Head of Bethlehem, Mrs. Gloria Gogonte, Vice President of the Amazaba Women Association, and Victoria Solomon Bibama, Assistant Secretary of the Amazaba Women Association, were present.
Grateful for the initiative and its impact on the community, especially in advancing women’s skills, Chief Gogonte Luke Nglass expressed optimism for transformative change, stating, “We are grateful, and we eagerly anticipate witnessing the profound effects of this initiative on our community.”
Skill acquisition empowers individuals to navigate the modern job market, achieve personal and professional growth, and contribute to economic and social development.
Emphasising the role of skill acquisition in empowering women and youth, Victoria Solomon Bibama expressed, “This is highly commendable, and initiatives like these bring us closer to a future where every woman can thrive, and no community is left behind.”
Equipping women with relevant skills, especially in rural areas, expands opportunities for meaningful employment. Ibom Developers’ efforts contribute to building a stronger society, facilitating economic growth and social progress.
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