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Wike Confirms Arrest Of Security Agents’ Killers In Rivers …Relaxes Curfew In Obio/Akpor, PH, Int’l Airport

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The Rivers State Governor, Chief Nyesom Wike, says some of the gunmen responsible for the premeditated ambushes and murders of security personnel in the state have been apprehended and would face the full wrath of the law.
The governor also announced the relaxation of the curfew in Obio/Akpor and Port Harcourt City local government areas as well as Port Harcourt International Airport from 8:30pm to 6am beginning from yesterday.
Wike, in a state-wide broadcast, last Saturday, said measures the state government have undertaken so far to check the recent intermittent breaks to the state’s security by the predetermined attacks on security checkpoints and the resultant killing of some security personnel, have yielded positive results.
“Thank heavens, those responsible for the premeditated ambushes and murders of security personnel in the state have been apprehended, and are now facing the bitter venom of our laws as none that is proven to be criminally liable will escape the fury and crushing impact of justice.
“We wish to reassure every citizen and resident that we are able, willing and ready to act directly and decisively, and at any time, with the full weight of our government to forestall every security threat to our state from any person, group or quarters”, he said.
He explained that after yet another review of the prevailing security situation, and in particular, the effect of the curfew on citizens, the State Security Council decided to relax the curfew time a little for Obio/Akpor and Port Harcourt City local government areas as well as the Port Harcourt International Airport.
“Consequently, the current night time curfew in Port Harcourt City and Obio/Akpor local government areas will now be effective from 8.30pm to 6.00am from Sunday, May 16, 2021, while the starting and closing timeframe of 7.00pm to 6.00am still continues to apply to the prevailing curfew in the rest of the 21 local government areas of the state until further notice.
“The nation’s security agencies are on ground to strictly enforce the state-wide curfew as reviewed and arrest and prosecute any intransigent person or group that may fail to comply. Our state; our heritage is no one else’s property to assault and destroy at will. It goes without saying, therefore, that every citizen and resident bears some level of responsibility to protect it from the injurious hegemonic tendencies of strangers and ensure the peace, safety and security of everyone.”
The governor appealed to residents of the state not to hesitate to pass on every valuable nugget of information about those behind recent attacks, particularly, their conclaves, plots and potential assaults on security agents to the attention of the law enforcement agencies for appropriate counter actions.
“We can assure you that with such vital and credible intelligence gathering and information sharing with the government and the security agencies we have the capacity, will and the strength to overwhelm and completely rout these faceless terrorists and neutralize their threat to our God-given rights to live in peace and go about with our daily lives without any cause to fear about our safety and security in any part of our own land.”
Wike appreciated residents of the state their steadfastness in the midst of the socio-economic discomforts dislocations and troubles caused by the proactive actions taken by the state government to safeguard the state from faceless terrorists.
He assured the residents that government will continue to work day and night to keep everyone of safe and secure.

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City Crime

RSG Ready For 2030 Digital Transformation

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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
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City Crime

Industry Braces For Glut And Investor Demands

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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
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ECN Commences 7MW Solar Power Project In AKTH

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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.
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