Nation
NUPRC Unveils Digital Platform For Host Community Dev
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled an Industry Digital Automated Portal (IDAP) for monitoring and reporting of the Host Community Development Trust (HCDT).
The commission said the platform was developed for transparent administration of the host communities as provided by the Petroleum Industry Act (PIA) 2021.
The Tide’s source reports that the portal was unveiled on Wednesday in Abuja at the NUPRC’s stakeholders’ engagement on operationalisation of the HCDT pursuant to the PIA 2021.
Speaking at the event, the commission’s Chief Executive, Mr Gbenga Komolafe, said the IDAP which was developed in partnership with an Original Equipment Manufacturer (OEM) would meet specific requirements of the HCDT.
This, he said, would aid operations of relevant stakeholders including the settlors, board of trustees and fund managers, among others.
Komolafe said the platform would fulfil obligations to host communities and promote accountability and transparency in the HCDT programme management.
Komolafe was represented at the event by Dr Kelechi Ofoegbu, the Executive Commissioner, Economic Regulation and Strategic Planning, NUPRC.
“It will also enable quick feedbacks from the stakeholders and the public for the commission to carry out its regulatory oversight effectively.
He disclosed that the commission had approved 75 host community development trusts of which 41 had been fully incorporated by the Corporate Affairs Commission.
According to him, it has pre-qualified 19 fund managers and equally commenced the process of establishing a baseline of ongoing community development projects, in preparation for their migration into the HCDTs.
“The establishment of the HCDT will create a more equitable distribution of the industry’s benefits and reduce the social and economic disparities in the country.
“NUPRC shall continue to provide requisite support and guidance for the full implementation of the law”, he said.
Komolafe also urged stakeholders to continue to work together to ensure the successful implementation of the PIA.
He, however, tasked them to collaborate in creating a sustainable and equitable oil and gas industry that would benefit Nigerians.
Nation
Rivers Deputy Governor Hails PH City One Love For Humanitarian Gesture
Rivers state Deputy Governor Professor Ngozi Nma Odu has commended “The Port Harcourt City One Love,”a Port Harcourt based humanitarian orgnisation For it’s commitment towards alleviating the sufferings of the poor and vulnerable in the society.
Professor Ngozi Nma Odu said this while speaking at this year’s edition of “operation feed the needy” a yearly outreach program of “The Port Harcourt City One Love ” in Port Harcourt.
The Deputy Governor said by feeding more than sixty thousands hungry people within the past six years, the Port Harcourt City One Love Movement has distinguished itself as a club that cares for the less privilege in the society.
She commended the , organization for listing eleven thousand persons to be fed in the current exercise.
Meanwhile The Port Harcourt City One Love has planned a permanent solution to the problem of feeding the poor in the state.
The leader of the group Mr Idaere Gogo Ogan who said this in an interview with newsmen during the distribution of food items to the poor and vulnerables in Port Harcourt said the organization is planning a permanent food kitchen where poor and vulnerable persons can work in anytime and get fed.
Idaere Gogo Ogan said more than sixty thousands poor and vulnerable persons across Port Harcourt City and environs have been fed since the inception of “The operation feed the needy” program six years ago,adding that so far sixty thousands poor and vulnerable persons have beneffited.
He described the group as a platform to promote friendship, brotherhood, community development empathy and feeding the less privilege and hungry people
“That’s what we are doing today here,so we started the exercise six years ago”.he said.
Ogan said the effort was a private sector driven initiative but added “it also involves people in Government because the platform does not recognize any division,we bring everybody together in unity , friendship and brotherhood”he said.
He said the effort will go along way in alleviating hunger especially following the prevailing hunger in the country.
According to him “you know the country is very tough, people are hungry people are starving, there is a whole lot of economic hardship,so for us, this is just our own way of reaching out, our own social contribution to what is very difficult”he said.
Over eleven thousand persons were fed in the just concluded exercise.
Areas of coverage include, Isaac Boro park, Port Harcourt prison/Macoba, Borokiri/Enugu waterside Bundu areas Waterlines and others.
Some of the beneficiaries including an 80 years old widow commended the movement for the annual programm and urged other organizations to emulate them
John Bibor,/Esuuk Oyet/Suotor Memoye /Jeremiah Hannah
Nation
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Nation
SheVentures Open Zero-interest Loan Applications for Women Entrepreneurs
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively. Women-led enterprises are critical to economic activity, yet they face structural barriers.
“This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs”, Edun said.
Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB), Nnenna Jacob-Ogogo said access to affordable finance remains a major constraint for women entrepreneurs.
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