News
PETAN Lists Gains Of OTC 2022 ….Returns Chairman, Others In New Exco

The Petroleum Technology Association of Nigeria (PETAN),has invited sponsors, exhibitors and delegates to participate at the forthcoming annual Offshore Technology Conference (OTC) scheduled to take place from May 2 to 5, 2022, at the NRG Park, Houston Texas, United States of America.
The association, an indigenous technical oilfield service companies, providing specialised services to the upstream and downstream sectors of the Nigerian oil and gas industry, has been responsible for leading and hosting the Nigerian government agencies and stakeholders, oil and gas companies and investors at the prestigious Offshore Technology Conference (OTC) yearly.
A statement by PETAN, and made available to The Tide in Port Harcourt, said that this year, the Nigerian pavilion promises to be no less eventful.
Among other benefits, PETAN said, the 2022 OTC promises to showcase companies’ capabilities to over 1,000 delegates and over 250 companies in the oil and gas industry; give exhibitors the chance to promote their products and services to operators and contractors in the local region; and access to the latest industry news, as well as presence at one of the world’s largest oil and gas events and access to networking opportunities with professional contacts from across the world.
Others include networking with the Upstream, Midstream and Downstream organisations as well as high profiled government officials and key decision makers in the industry; give participants the opportunity to build and establish new leads as well as entrenching a global presence in the industry; avail competitors the capabilities to stay ahead in the industry.
The event wouldalso feature formal opening of the Nigerian Exhibition Pavilion in the NRG Park; luncheon and panel sessions on the Nigerian energy and supportive industries; Nigerian industry awards dinner and cocktail; side shows of Nigerian culture displays and entertainment; technical sessions; and networking golf event.
Meanwhile, PETAN Chairman, Mr. Nicolas Odinuwe has been re-elected for another two years.
His re-election as well as that of most other members of the executive took place earlier, last Monday, during the association’s first Quarterly Annual General Meeting.
The new executive’s tenure would now run till March, 2024.
Most members of the EXCO, who returned unopposed, included the PETAN ViceChairman, Mr. Ranti Omole; Treasurer, Mr. Eloka Ejeh; Publicity Secretary, Dr. Lucky Akhiwu; Conference Chairman, Mr. Chinedu Maduakoh; Ex-Officio, Dr. Timi Austen-Peters.
Outgoing PETAN Secretary, Ms. Patricia Simon-Hart was co-opted as ex-officio; former financial secretary, Mrs. Edith Akwaeke, is returning as the assistant secretary.
Newly elected executive members are Mr. Akin Osuntoki, as the new financial secretary while Engr. Obi Uzu came on board as the new secretary of the association.
In his acceptance speech, PETAN Chairman, Mr. Nicolas Odinuwe, thanked members of the Board of Trustees (BOT) for the confidence reposed in him and members of the outgoing and incoming executive in steering the affairs of PETAN, and urged stronger support and cooperation for ongoing and future efforts at repositioning the association as the foremost pressure group of indigenous oil and gas service companies in the country.
By: Nelson Chukwudi
News
ECOWAS Parliament adopts $26m 2026 budget, announces 25th anniversary plans
The ECOWAS Parliament has adopted a budget of 19,636,030 Units of Account (UA) (26 million dollars) for the 2026 fiscal year, and announced plans to commemorate its 25th anniversary in November.
The Speaker of the Parliament, Hadjia Memounatou Ibrahima, who announced this, said the development followed the recent conclusion of its 2025 Second Extraordinary Session in Port Harcourt, Nigeria.
She said the budget was adopted by the Parliament during plenary, stressing that, beyond being a mere accounting act, it was the engine of parliament’s commitment to West Africans.
”It will enable us to carry out our priority missions, including implementing the conclusions of the seminar on AI, while ensuring virtuous and transparent management of public funds entrusted to us.
”This budget represents a five per cent increase compared to the 2025 fiscal year budget, reflecting an upward adjustment of UA 939,233 from last year’s UA 18,996,897.
”Out of the budget of UA 19,636,030 for 2026, the sum of UA19, 368,394 representing 98.64 per cent is expected to be financed through the proceeds from the Community Levy, while UA257,636, equivalent to 1.36 per cent, will accrue from other sources,” Ibrahima said.
The News Agency of Nigeria (NAN) reports that the ECOWAS Community Levy is a mandatory 0.5 per cent tax imposed on goods imported into ECOWAS member states from non-ECOWAS countries.
Member states are under statutory obligation to pay the community levy, which is the main source of funding for ECOWAS institutions and their activities.
Ibrahima, however, expressed dismay that some members of the community were still defaulting on the payment of the levy, and warned that, going forward; such would be met with sanctions.
She also said that the commemoration of its 25th anniversary in November would highlight the ECOWAS Parliament’s achievements in deepening regional democracy, cooperation and growth, amid formidable challenges.
The Speaker described the forthcoming anniversary as “a chance to showcase resilience and chart a more innovative, youth-focused future for the community”.
News
NIGERIA AT 65: FUBARA HARPS ON UNITY, PEACE

The Governor of Rivers State, Sir Siminalayi Fubara, has begun the celebration of Nigeria’s 65th Independence anniversary with a Juma’at service where prayers were offered for the progress of the state and Nigeria.
Governor Fubara, who advocated for peace and unity of Nigeria during the prayers on Friday at the Rivers State Central Mosque, Port Harcourt, indicated that without peace, the accelerated development of Nigeria will remain in a limbo.
Governor Fubara, who was represented by Alhaji Abdurrazaq Diepriye, therefore urged citizens to remain patriotic.
According to him, “Allah has brought us this far. Without peace, we can not have progress and economic development. I call on all citizens irrespective of creed or tribe to remain patriotic.”
He thanked President Bola Tinubu for restoring peace in Rivers State while also using the forum to appreciate security agencies for their relentless effort in upholding the peace and unity of Rivers State and Nigeria.
The Chief Imam of Rivers State Central Mosque, Imam Ibrahim Yaloo, admonished Moslem faithful to always speak the truth, adding that those who obey Allah will be directed to good deeds and their sins forgiven.
Prayers were offered for Rivers State and Nigeria.
Other activities to mark the 65th Independence anniversary in the state include an Inter-denominational Church Thanksgiving Service on Sunday, 28th September and Parade Ceremony on Wednesday, 1st October.
News
Shettima departs New York for Germany after UNGA engagement

Vice-President Kashim Shettima departed New York on Sunday after representing President Bola Tinubu at the 80th session of the United Nations General Assembly.
In a statement released on Sunday by the VP media aide, Stanley Nkwocha, the Vice President is now headed to Germany, where he will hold strategic meetings with officials of Deutsche Bank.
The statement read, “Vice President Kashim Shettima has departed New York, United States, after successfully representing President Bola Ahmed Tinubu, GCFR, at the 80th Session of the United Nations General Assembly.
“During his participation at UNGA 80, VP Shettima secured UN Secretary-General António Guterres’ commendation for Nigeria’s bid for a permanent UN Security Council seat.
“He also showcased Nigeria’s $200 billion energy transition opportunity to global investors and strengthened strategic partnerships with the UK on trade, defence, and migration issues.”
Nkwocha added that the VP delivered Tinubu’s national statement, calling for UN reforms and a permanent seat for Nigeria at the UN Security Council, and “demanded Africa’s control over its $700 billion mineral wealth, and digital inclusion initiatives.”
“He also engaged with the Gates Foundation on healthcare and education expansion, positioning Nigeria as the natural hub for the African Continental Free Trade Area’s $3.4 trillion market.
“VP Shettima was seen off at John F. Kennedy International Airport, New York, by cabinet Ministers who were part of the UNGA 80 delegation and Nigerian Mission officials.”
The aide noted that Shettima will return to Nigeria immediately after his engagements in Germany.
The Tide source recalls that the VP departed Abuja, yesterday.
He led other Nigerian officials at the Assembly.
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