News
PETAN, Others Leverage Local Content To Maximise Economic Gains Of AfCFTA
The Chairman, Petroleum Technology Association of Nigeria (PETAN), Mr. Nicolas Odinuwe, has joined critical stakeholders in the oil and gas sector in Africa to deliberate on how to lay a solid foundation for the design of an African Local Content mechanism to maximise the economic benefits from the implementation of the African Continental Free Trade Agreement (AfCFTA) in the hydrocarbon value chain.
The pan-African engagement themed, ‘Fostering Local Content in Africa for Africans’, was hosted by the Nigerian Content Development and Monitoring Board (NCDMB) in collaboration with the African Petroleum Producers Organisation (APPO) in Yenagoa, Bayelsa State.
Odinuwe, speaking on behalf of Nigerian service companies, emphasised the role of legislation needed to create a regulatory mechanism to midwife the process and ensure independent funding that would promote small and medium enterprises (SMEs) to drive entrepreneurship and capacity building and promote inclusiveness and integration in the region.
He said that while African content was a relatively need concept, regional cooperation was not, and developing a standard local content framework would involve a conscious utilisation of goods and services available within the continent to exploit and produce Africa’s vast and largely untapped oil and gas reserves.
“The time has come for us to look beyond our local arrangements at the bigger picture, to see how we can harness available resources within our continent for our collective development and the key to unlocking this potential is collaboration”, he said.
He, therefore, advised that the regional local content regulatory model incorporate provisions that will ensure that its minders are people of the right skill set who will help direct capital to where there are opportunities as local content does not always develop commensurately with capital flows.
He commended the efforts of the NCDMB through its committed leadership for the successful implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act which has exponentially grown the capacities and capabilities of Nigerian service companies, including that of PETAN and created synergy among stakeholders through constructive engagements and innovative programmes to encourage and incentivise local companies to form joint ventures with foreign companies to ensure technology transfer as well as the development of young minds in the field of Engineering through Science and Technology Innovation challenges and vocational trainings.
He noted that PETAN’s partnership with the NCDMB and other critical stakeholders have ensured that indigenous companies were creating the needed domestic production linkages to ensure that the extractive industry makes significant contributions to accelerate the economic growth and development of Nigeria and now Africa.
While urging an enabling environment to create a private-sector-led regional oil and gas industry, Odinuwe described the African Continental Free Trade Agreement (AfCFTA) as a key enabler which has helped to widen the path for Africa as the next global energy hub with great investment opportunities.
“Governments across Africa”, he charged, “especially the Sub-Saharan Africa oil and gas producing countries should provide the necessary incentives to attract private-sector investments across the entire value chain of the oil and gas industry. Using oil and gas as its critical resources, Africa speedily promotes its development”.
He added that PETAN, as the foremost leading advocacy group of over 300 indigenous oil and gas service companies with over 30 years experience across the entire value chain of the industry will always be ready to partner relevant national and regional stakeholders to share experiences and expertise as well as nurture, mentor and invest in available opportunities across the region and continent.
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, express the commitment of the board to facilitate linkages among all stakeholders in the oil and gas value chain, and thanked participants for their desire to push the envelope for the development of the continent.
Wabote stated that African countries have been fascinated by the remarkable impact and achievements of Nigeria in the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and the development of its hydrocarbon resources which is anchored on the philosophy of in-country value addition.
He said that this has inspired some African countries to undertake a study tour to Nigeria to understand the NCDMB delivery model with some signing similar local content laws or policies based on insights from Nigeria.
He added that the APPO Charter on Bilateral Cooperation among oil producing countries as well as the signing of the AfCFTA were bold steps which has prompted a new era for the galvanisation of the region towards regional cooperation around developing capacities and capabilities to deliver oil and gas services in the continent.
Also speaking, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said the government working to create enabling environment for businesses in the sector to thrive, and build wealth for the country.
In his remarks, the Secretary-General of the African Petroleum Producers Organisation (APPO), Dr, Omar Farouk Ibrahim, said that players in the sector were exploring investment opportunities to jump-start a new era in the industry.
It would be recalled that PETAN spearheaded a steering committee at its recently concluded Sub-African International Petroleum Exhibition and Conference (SAIPEC) 2021 following passionate calls for regional collaboration and deepening of local content by stakeholders across Africa.
Discussions focused on evaluation of regulatory models for the governance, funding and monitoring of local content implementation in frontline economies, laying a solid foundation for the design of an African Local Content programme to maximise economic benefits from implementation of the African Continental Free Trade Agreement (AfCFTA) in hydrocarbon value chain and data sharing on capacities that exist around skills, infrastructure, facilities, assets and funding for exploration, field development and production activities in Africa.
Representatives from the African Union (AU), the United Nations Conference on Trade and Development (UNCTAD), the Economic Community of West African States (ECOWAS), the African Development Bank (AfDB) and the United Nations Industrial Development Organisation (UNIDO) attended the event.
News
NDLEA Alerts Parents After Uncovering Drugs In Cookies, Gummies
In a statement posted yesterday, NDLEA’s Director of Media and Advocacy, Femi Babafemi, said recent seizures by the agency’s officers had revealed attempts by criminal elements to introduce prohibited substances under the guise of everyday snacks.
“As parents, if your kids and young ones always crave for cookies and gummies, you may have to pay a little more attention. There may be more to it than ordinary cookies and gummies,” Babafemi wrote, sharing images of seized packages.
The photos showed colourful pouches of “Cookies Delta 8 Gummies” in flavours such as Hawaiian Rain Pineapple Guava and Thai Mango, labelled as vegan and hemp-derived, alongside the actual gummy products.
The warning comes amid a major interception by the Nigeria Customs Service at the Tin Can Island Port in Lagos.
Officers seized two 40-foot containers containing large quantities of cannabis-infused products concealed among legitimate imports such as used vehicles, generators, batteries and fabrics.
The consignment included thousands of Delta-8 cannabis pre-roll cookies, packs of cannabis-infused gummies and other cannabis-infused cookies, with a combined estimated street value of about ?373.8m.
The items were subsequently handed over to the NDLEA.
NDLEA officials described the products, which originated from the United States and were packaged to resemble ordinary vegan snacks with appealing flavours, as an emerging public health threat.
They noted that the attractive packaging could appeal especially to children, students and young people, raising the risk of accidental consumption of concentrated cannabis.
News
RIWAMA, PCRC Join Forces To Curb Illegal Waste Dumping In Rivers
The partnership was unveiled during a meeting between officials of RIWAMA and the leadership of the Rivers State chapter of the PCRC in Port Harcourt, recently, where both organisations pledged to work together to restore the Garden City status of the state capital.
In his speech, the Supervisor of Market and Community Sanitation in RIWAMA, Mr. Omereji Ukoha, said the collaboration was in line with the vision of the agency’s Managing Director, Dr. Ibimina Wokoma, and the Board Chairman, Dr. Samuel Nwanosike, to promote a cleaner and healthier environment.
Ukoha described the PCRC as a strategic grassroots partner capable of mobilising communities and driving behavioural change through sustained public enlightenment on proper waste disposal.
He expressed concern over the increasing rate of indiscriminate refuse dumping in parts of Port Harcourt, particularly in New GRA, where blocked drainage channels and illegal shanties have continued to contribute to flooding and environmental degradation.
According to him, the agency is determined to intensify enforcement against environmental offenders, warning that unregistered cart pushers and residents who patronise them would be prosecuted in accordance with the provisions of the RIWAMA Act, 2014.
The RIWAMA official urged residents to embrace proper waste disposal practices and patronise only government-approved waste operators in order to safeguard public health and protect the environment.
Responding, the Chairman of the Police Community Relations Committee in Rivers State, Dr. Voke Emore, commended RIWAMA for seeking collaboration with the committee in addressing environmental challenges confronting the state.
Emore said the PCRC would deploy its community-based structures across the state to support public sensitisation and encourage residents to comply with environmental sanitation regulations.
He also called on local government councils to play more active roles in waste management, noting that they collect sanitation levies and should complement the efforts of the state government in maintaining a clean environment.
The PCRC chairman described indiscriminate refuse disposal as a serious environmental and public health concern, stressing that sustained collaboration among government agencies, community leaders and residents remained critical to achieving lasting sanitation goals.
Both organisations expressed optimism that the partnership would promote cleaner communities, reduce environmental hazards and strengthen public participation in efforts to ensure a healthier and more sustainable environment for the people of Rivers State.
King Onunwor
News
Police Nab Kidnap Syndicate, Arrest Five In Rivers
The State Police Command disclosed this in a statement by its Public Relations Officer, ASP Blessing Agabe, in Port Harcourt, recently.
The suspects were arrested during a coordinated operation at Oyigbo, following directives by the Commissioner of Police, Rivers State Command, CP Olugbenga Adewole Adepoju.
Those arrested were Ezekiel Emmanuel, 44, from Benue State; Chukwuma Mbanefor, 51, from Anambra State; Nicholas Diala, 65, from Imo State; Ndubuisi Uwakwe, 49, from Abia State; and Ifeanyi Nwakwo, 51, from Imo State.
The Command said the arrest represented another significant operational success in its ongoing efforts to dismantle criminal networks operating in the State.
According to the Police, preliminary investigation indicated that the suspects were allegedly involved in kidnapping operations within Rivers State.
The suspects, during interrogation, allegedly confessed to their involvement in kidnapping and further admitted participating in several operations carried out in Kom-Kom, Railway, Obeama and Afam communities.
The Command said investigation was ongoing, with efforts intensified to identify and apprehend other members of the suspected syndicate who may be connected with the criminal activities.
The Police boss said the operation reflected the implementation of operational directives and the intelligence-driven policing strategy of the Inspector-General of Police, IGP Olatunji Rilwan Disu, psc, NPM.
Adepoju reaffirmed the Command’s determination to sustain aggressive intelligence-led operations against kidnapping, cultism, armed robbery and other violent crimes across Rivers State.
He warned kidnappers and other criminal elements operating in the State that there would be no safe haven for them, stressing that the Command would relentlessly pursue, arrest and ensure that those found culpable were brought to justice.
The Commissioner further assured residents of the Command’s commitment to protecting lives and property, urging members of the public to remain vigilant and cooperate with security agencies in the fight against crime.
He appealed to residents to provide the Police with credible and timely information capable of assisting security operatives in preventing criminal activities and apprehending suspected criminals.
The Command urged members of the public who may have useful information on the activities of the suspected kidnapping syndicate or other criminal elements to contact the Police through its emergency lines, assuring that such information would assist ongoing investigations.
King Onunwor
-
Editorial3 days agoThat Oshiomhole’s Call On FG’s Road Projects
-
Education3 days ago
Environmental Education Remains Critical Tool To Address Environmental Challenges Says Experts
-
City Crime3 days agoTinubu Appoints Ex-Tide Staff Registrar Of Chartered Chemists
-
Education3 days ago
UNIPORT VC Receives Probe Report on Student Union Crisis
-
Oil & Energy3 days ago
NCDMB, BOI Unveil $100m Nigerian Content Equity Fund …Set To Invest $5m In Oil Firms
-
Sports3 days agoRivers-born Chess Player Clinches Third Position At World Amateur Rapid Chess Championship
-
Business3 days ago
PTDF Committed To Tinubu’s Development Plan – CEO
-
News3 days ago
RIFF 2026: RIFF Takes Film Tourism To Bonny Island
