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Nigeria Loses $22.9bn To Gas Flaring In Nine Years, NOSDRA Claims
As the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) seeks robust partnership with NOSDRA, NUPRC on income generation
Amid disturbing lamentations about depleting revenue accruals, the Nigerian Oil Spill Detection and Response Agency (NOSDRA) says Nigeria lost over $14.6 billion worth of revenue between 2012 and 2021 due to gas flaring.
Additionally, about 8.3 billion dollars was lost in penalties incurred for the wastages, bringing the total lost earnings to over $22.9 billion within the period under review.
NOSDRA’s Director of Information Communication and Technology (ICT), Mrs Margaret Adeshida, made the disclosure at an interactive session her Agency held recently in collaboration with the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and the Nigeria Upstream Regulatory Commission (NUPRC) in Abuja.
Explaining that Nigeria flared more than 4.2 billion standard cubic feet of gas during this period, Mrs Adeshida described the development as unhealthy, noting that it further highlights the need to adequately monetise gas flaring in the country as a huge revenue-yielding venture.
She spoke against the backdrop of the three agencies’ decision to forge a partnership to boost the country’s revenue earnings through effective management of gas flaring activities in line with global best practices.
A statement by the Spokesperson of RMAFC, Mr Nwachukwu Christian quoted the NOSDRA Director as saying; “The country flared more than 4.2 billion standard cubic feet of gas leading to Nigeria’s loss of more than $14.6 billion worth of revenue between 2012 and 2021. This is in addition to $8.3 billion loss in the penalty for the wastage totaling $22.9 billion loss within the same period.”
The statement further amplified the collaborative efforts muted by the RMAFC, NUPRC, and NOSDRA to boost Nigeria’s revenue profile by exploiting its huge gas potential using global best practices as pledged by the RMAFC Chairman, Mohammed Bello Shehu during the interactive forum.
According to the RMAFC boss, all necessary steps would be taken to address disturbing huge revenue losses while also enhancing revenue accruals into government coffers.
He said arising from the current administration’s resolve to shore up the nation’s revenue profile, the gas sector must enjoy priority attention with support for NUPRC and NOSDRA as regulatory bodies to focus on the quality and quantity of gas production, besides adherence to environmental standards within host Communities.
Consequently, the RMAFC Chairman urged all the relevant stakeholders in the country’s gas sector, including the Revenue Monitoring Committee (RMC) set up by the present administration to address the dwindling revenue challenge to synergize in working out effective strategies to convert gas flares into economic use that will enhanced income generation into the Federation Account.
In his intervention, NUPRC’s Director of Economic Regulation and Strategic Planning, Mr Babajide Fashino said Nigeria is currently at the forefront of managing gas flaring in line with global best practices for economic growth and sustainability.
He disclosed that this is done with the introduction of a metering system and calibration of the meters for accurate documentation of gas management records.
For Fashino, adopting these technologies has gone a long way to reducing gas flaring in Nigeria from 40 percent to a mere seven (7) percent over the years.
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LG Polls: Rogue Policemen Break RSIEC Gate, Strong Room To Steal Electoral Materials …Fubara Foils Attempt To Cart Away Materials
Rivers State Governor, Sir Siminalayi Fubara has foiled an attempt by the Nigerian Police, led by the Deputy Commissioner of Police (Operations), to take over the Rivers State Independent Electoral Commission (RSIEC) at 1am on Friday, 4th October, 2024.
The rogue policemen were said to have attempted to scale through the gates and strong room of the Commission to cart away sensitive Electoral materials meant for the conduct of Saturday’s local government election in the State.
The deployment was said to have been ordered by the Inspector-General of Police.
However, the evil plots of the rogue policemen and DC Ops were botched when vigilant security officials alerted principal officers of the Commission and relevant government authorities, who immediately informed the Governor of the development.
The Governor immediately led a team of government officials, lawmakers from the National Assembly and State House of Assembly, top political stakeholders, and other leaders to storm the facility.
Addressing newsmen in front of RSIEC Office on Aba Road in Port Harcourt, after an encounter with the rogue policemen, the State Governor, Sir Siminalayi Fubara condemned the conduct of the policemen on illegal duty, saying that the IGP was taking his friendship with some Abuja-based politicians too far.
He restated the position that the attempt to surreptitiously withdraw policemen already deployed to protect the facility, and replace them with a detachment from a neighbouring State was unacceptable.
He reminded the IGP that local government election was the internal affairs of states, and advised him to allow the federation unit conduct its affairs without interference.
At present, the Chief of Staff, the Speaker of the Rivers State House of Assembly, and State and National Assembly members, alongside other stakeholders, are manning the RSIEC office to ensure that the rogur policemen in two trucks and two Hilux vehicles do not return and that elections will go ahead as scheduled on Saturday.
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Nigeria @64: We’ll Not Surrender To Barefaced Blackmail – Fubara …Lauds President Tinubu’s Robust Economic Reforms …•Promises To Always Put Rivers People First
Rivers State Governor, Sir Siminalayi Fubara, has declared that his administration will not surrender to barefaced blackmail while committing to consolidating on the gains made in ensuring the peace, advancing good governance, delivering more critical projects, and sustaining the increase in the Internally Generation Revenue (IGR) of the State.
The Governor also commended President Bola Tinubu, for his bold, dynamic and pragmatic economic reforms targetted at correcting the structural deformities of the past, and ushering Nigeria into a new vista of sustainable economic growth and prosperity.
Governor Fubara spoke on Tuesday during the 64th Nigerian Independence Day Anniversary Parade that at the Government House Arcade in Port Harcourt.
The Governor said 1st October in 1960 was historic with the first Prime Minister of Nigeria, Sir Abubakar Tafawa Balewa raising Nigeria’s much cherished green-white-green flag to signify the independence and freedom gained from the British colonial rule.
Thereafter, Governor Fubara noted that there has been heroic sacrifices by founding fathers, other leaders, brave men and women, who had made numerous achievements in sustaining freedom and promoting the unity and progress of Nigeria.
He said, “The vision of our founding fathers at independence was to build a united and secure nation anchored on the values of brotherhood, democracy, justice, and the equality of all peoples, tribes and nations.
“Our leaders, past and present, have kept on doing their best to keep the country together and advance the progress and well-being of the citizens.”
Despite those sacrifices, Governor Fubara said that Nigeria still totters amid diverse challenges, including widespread human insecurity, after 64 years of self-rule.
Governor Fubara pointed to the prevailing economic hardship that has made life more difficult for most Nigerians, and stressed, “But, despite the economic hardship and social ills bedevilling our nation and stifling its progress, we still have good reasons to celebrate and be grateful to God as a nation and people.
“We are known all over the world as hardworking, confident and happy people. We are known for our enormous natural and human resources and economic potential.
“We are also known for our rich cultural diversity – a vibrant nation where different religions, languages and traditions co-exist peacefully.”
Governor Fubara urged Nigerians to be thankful that God has endowed them with everything required to build a great nation where no one should ever be oppressed, and where all should live in peace and plenty.
The Governor said, it is, therefore, important for Nigerians to keep faith with the vision of the founding leaders and do so by reaffirming their fidelity to one indivisible nation under God, and pledge themselves to each other in freedom, peace, and justice.
“Let us also commit ourselves to work hand in hand with the Federal Government to tackle the economic, social, and political challenges, including judicial terrorism, nepotism, corruption, and abuse of power, that have diminished our democracy, stifled our economic growth, and caused untold hardship to our people.
“With an unyielding commitment to democracy, the rule of law, and good governance, and working together for the common interest, we can overcome all our challenges, and prevail over the enemies of progress.”
Governor Fubara believed that it is only through the collective efforts of Nigerians that Nigeria can become the greatest black nation and reckoned as the global leader in human civilization so desired.
The Rivers State Governor commended President Bola Tinubu for being bold and determined to drive his economic reforms, which are targetted at correcting the structural deformities of the past.
He explained, “I urge fellow Governors to redouble their efforts to fight the scourge of insecurity and banditry in the North, and pipeline vandalism and oil theft in the Niger Delta region of the country, for the ongoing economic reforms to bear the needed positive results.
“On our part, we assure the Federal Government and Mr President of unalloyed loyalty and support from the Government and good people of Rivers State, and reaffirm our commitment to the unity and progress of Nigeria as one indivisible nation.
“We will continue to support and work with the Federal Government and the security agencies to advance the security and well-being of all citizens, protect national economic assets and guarantee the security and smooth operations of local, national, and multinational companies and investments in our State.”
Governor Fubara assured that his administration will work assiduously to ensure the safety and security of lives and property while guaranteeing equal social and economic opportunities for all residents of Rivers State.
He expressed strong faith and strength in God, who only, is able to strengthen his administration to sustain efforts at promoting, protecting, and defending the political, social and economic interests of Rivers State, at all cost.
He added, “I further assure you that we will never compromise on our commitments to delivering the dividends of democracy and good governance to the citizens of Rivers State.
“We will complete the Port Harcourt Ring Road, the Ikwerre-Emohua-Ogba/Egbema/Ndoni link dual carriageway, and all other ongoing road projects on schedule. We will also deliver the N225billion Trans-Kalabari Road before the end of our first term.
“We are giving considerable attention to education with the rehabilitation of schools, provision of educational materials, implementation of 65-year teachers’ retirement age, and approval for the recruitment of more teachers in line with the recommendations of the Needs Assessment Committee Report.”
Governor Fubara said remodelling, expansion and construction work has progressed to level of completion on the Zonal Hospitals at Ahoada, Bori, Degema, Omoku, and the General Hospital at Bonny.
He also explained that work has started on the new General Hospital in Rumuigbo community with work on the new ultra-modern Psychiatric Hospital, also at Rumuigbo, in Obio/Akpor Local Government Area, intensifying.
Governor Fubara said: “Our efforts in healthcare manpower development have resulted in the full accreditation of the Rivers State University Teaching Hospital for six special programmes, including surgery, plastic reconstruction surgery, urology, radiodiagnosis, and orthopaedics from the West African College of Surgeons.
“We have made considerable improvements in internal revenue generation and set up the Rivers State Investment Promotion Agency to drive the industrialisation of the State to create jobs and generate more economic opportunities and revenues for citizens and the State.
“Agriculture for food security, job creation, and empowerment and other areas of interest, including transportation, youth skills tooling, the blue economy, and micro, small, and medium enterprises development, will receive serious and dedicated attention going forward.”
Governor Fubara extended appreciation to men and officers of the Armed Forces for their services of bravery and worthy sacrifice in defending the collective freedom, unity and security of the nation.
He particularly appreciated the Police, the Department of State Services, and other security agencies for their sacrifices and contributions to internal peace, security, and stability of Rivers State.
He stressed, “I also thank and appreciate the good people of Rivers State and Nigerians across the country for your support and standing with us on the side of courage, truth and justice from the inception of our government to date.
“I assure you that we will never surrender to barefaced lies and blackmail from anyone, no matter how powerful he may be, but remain focused and re-dedicated to the interest of the nation, our dear Rivers State and the cause of our people,” he added.
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New Structure Owned By Rivers People’ll Emerge Oct 5 Fubara …Assures Level Playing Field For All Parties …Urges Full Participation Of Electorate
Rivers State Governor, Sir Siminalayi Fubara, has said that the 5th October, 2024 Local Government election will be another opportunity for Rivers people to witness the rebirth of a new (political) structure that they can own.
The Governor made the assertion when he received on solidarity visit leaders and members of The Simplicity Movement, led by High Chief Sobomabo Jackrich at the gates of Government House in Port Harcourt, yesterday.
High Chief Jackrich, popularly known as Egberipapa, was also the governorship candidate of the National Rescue Movement (NRM) in the 2023 election in Rivers State.
Governor Fubara, in putting the records straight, said he hardly comes out to receive people on solidarity visit to him but had to personally receive this group in order to show respect to the leadership of The Simplicity Movement.
He explained that the group and its leadership are people who have on their volition decided to gather together, and publicly declare their support to his administration.
He said, “You know at this time, people are paying people money but we don’t do it. People come out on their own to show support to us. Knowing the calibre of the founder of this group, knowing the role he has played with other people, and him choosing to be part of the success of our administration, I said I was going to honour him by coming to address you.”
Governor Fubara commended the group for their decision to identify with his administration, and enjoined them to remain firm in their commitment as they synergise efforts at defending and protecting the interest of Rivers State at all times.
Specifically, Governor Fubara said: “We must defend the dignity of our State. We must ensure that the commonwealth of this State belongs to everyone. That is why our slogan is ‘Rivers First’. Because we believe that if we take Rivers first, there won’t be crime. If we take Rivers first, there won’t be hunger. If we take Rivers first, there will be employment.”
Governor Fubara told them that the journey of liberating the State had begun, adding that the forthcoming Local Government Election will be another opportunity for Rivers people to witness the rebirth of truly new (political) structure.
He urged them to freely participate in the election since it will be a very important ingredient that will help his administration to chart the second phase of the struggle.
He added, “Our journey is just starting. We are preparing for election on the 5th of October. I want you to participate actively in that election.
“That election is going to be the turnaround. That election is the rebirth of a new and strong structure that doesn’t belong to anybody; and you can see that that is why they are running everywhere to stop it.
“What is structure? Structure is ownership: the one who controls the LGA; the one who controls the resources; the one who gives employment to our local people; the one who shares the State and the local government resources among its people. And that is what I want this government to stand for (and defend in the interest of the people).”
Governor Fubara pointed to the need for them to continue to maintain the peace that he had always preached all the time.
He told the group that the State is dear to him, stressing that anyone who loves the State will understand the importance of maintaining peace.
He explained, “Anybody who is taking the side of violence doesn’t love the State. That is the truth! If you love the State, you will take to the path of peace. So, please, while you go about supporting me, maintain law and order. Be peaceful.
“So, continue to be strong for Rivers State, not for Fubara. I can also say this here: If Fubara is not here, God would have also provided another person that would have also taken this course, because it is a divine course. That is the truth!
“But, however, we are the ones here. We will stand with you, and with your support, we will walk the talk to the end.”
In his speech, leader and founder of the Simplicity Movement, High Chief Sobomabo Jackrich said, having inaugurated the Movement, they decided to undertake the solidarity visit to publicly declare their support to Governor Fubara, who has demonstrated determination to restore the dignity of the State.
He said that their support for the Governor was premised on his belief in the peace and progress of the State, stressing that the administration’s focus on Rivers First was an inspiration to the group, which efforts to promote good governance was unshakeable.
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