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Checking Insecurity Menace And Poverty

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Nigeria is one country in the present world order that can be likened to the Biblical “land that devours its inhabitants.” Every day, inhabitants of the country are killed in their numbers, yet, nothing is done to either bring the murderers to book or prevent a recurrence.
It is no longer news that no day passes by in Nigeria without killing of human persons. What is news is that despite the plenitude of the deaths, the government in power is clueless about how it can be prevented.
Amazingly, murderers have assumed larger than life status and can perpetrate evil so brazenly without encumbrance from security agents.
Kidnappers and abductors now negotiate with the Federal Government on the   ransom to be paid. Security has been compromised such that the middlemen between the Federal Government and abductors also get a handsome chunk from the arrangement.
On several occasions the Federal Government had paid ransom to abductors and kidnappers. The capitulation by FG to pay ransom to abductors and kidnappers has increased the number of criminals in the country. If nothing is done to check the menace, the country will be overrun by criminals.
One illegal business that thrives greatly under the present circumstances is kidnapping. Criminals are paying scant attention to armed robbery because of the nation’s cashless policy. 
Regrettably, now security agents flee to safety whenever they hear gunshots of perceived criminals. Many policemen no longer wear their uniforms because of the fear of harm. When security agents go into hiding what will civilians do? In Rivers State, most communities have taken steps to secure lives and property in their own way as result of the inability of the Nigeria Police to maintain law and order.
Nearly all communities in Ikwerre, Ogba/Egbema/Ndoni, Ahoada and Etche local government areas of the state have their own security arrangements. 
The formation of Security Planning Advisory Committees of the various communities in the aforesaid local government areas underscores the failure of the Federal Government to secure the lives and property of its citizens.
On very many occasions OSPAC had rescued policemen and police stations from the hands of attackers.
Boko Haram, herders, Indigenous People of Biafra (IPOB), unknown gunmen and a plethora of other unidentifiable killer groups scattered across the country have become the undoing of the country. 
Kidnappers, abductors and body-part sellers are all over the country, have gained high level of notoriety and turned same as bargaining chips with the government in power.
Unfortunately, a large chunk of the country’s resources is spent on security yet it is the most ailing sector of the economy. While a whopping 14 per- cent of the country’s budget amounting to trillions of naira, goes to security, there is nothing to show for it.
Again, state governors take billions of Naira monthly as security vote while insecurity has continued to kick us in the face. This is largely because the so called security vote is unaccounted for, so the state chief executive can afford to use same to solve their personal needs.
Yet still government’s inability to protect the security of lives and property of its citizens has become more worrisome especially because the most fundamental function of government is the maintenance of law and order. The biblical question,” if the foundation be broken what will the righteous do”, becomes more succinct and apt in the present circumstances.
Experts believe that the open admission by President Muhammadu Buhari that government has lost control of the security situation is indicative of the hopelessness that has become the lot of Nigerians.
Only recently a report originating from the United States of America indicated that Nigeria had reached a point of no return.
The aloofness of the Federal Government and the component states in the face of festering security situation leaves much to be desired. The preponderance of separatist agitations in the wake of insecurity and lack of cohesion may further worsen the state of the nation.
As it stands now, this nation has failed as all indices of a failed state are manifest. According the research carried out by US-based Council for Foreign Relations (CFR) and the Harvard Kennedy School’s programme on interstate conflict, Nigeria is on the final stage of collapse.
The finding of the research enables the Federal Government to seek solution to the twin problem of insecurity and poverty.
Today it is no longer news that many families in the country cannot have three square meals, yet Nigeria is blessed with abundant natural resources.
The truth of the matter is that the leadership of the country has failed both at federal and state levels. The claim by the Federal Government that it is fighting corruption in the face of primitive accumulation of wealth by state governors and political office holders nationwide is only a figment of imagination. 
The large scale external borrowing is a serious indictment of the Federal Government’s ineptitude and blatant testimonial of lack of vision. Today some families cannot have two meals a day.
On the one hand, the Federal Government’s ban on importation of certain commodities is either sabotaged or has not been able to make the expected impact as one still finds balance of payment deficit.
The export promotion of the Federal Government has been abysmal as oil continues to be the main foreign exchange earner in the country, in spite of dwindling fortunes of the sector. There is no deliberate plan by the Federal Government to diversify the economy.
Poverty will continue to be a menace so long as the entire country continues to depend on crude oil revenue. Insecurity and poverty are good bedfellows; where there is one, there is the other.
Consequently, the better way to fight insecurity is to fight those things that make room for criminal disposition.

By: Chidi Enyie

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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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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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