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Nigeria’s 12 Oil Bid Round Will Be Transparent -FG

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed the commission’s determination to conduct Nigeria’s 2024 bid round in a transparent manner.
Mr Gbenga Komolafe, the Chief Executive of the commission, gave the assurance yesterday during the 2024 Pre-bid conference in Lagos.
The Tide’s source reports that the theme of the conference is, “Unveiling Nigerian Energy Development Strategies: 2024 Licensing Round”.
He said that the bid would be in accordance with Section 76 (1) of the Petroleum Industry Act (PIA).
Komolafe said said that Nigeria is an attractive jurisdiction for investment, adding that the country has a stable regime, driven by laws.
According to him, Nigeria is a stable political environment that encourages businesses in a conducive atmosphere.
“The 2024 bidding round is meant for investors with financial capacity and technical competence.
“In the past, the award of oil blocks culminated to the non-development of over 90 per cent of marginal fields, thus denying the federal government of reaping the intended benefits.
“This is because such awards were not based on technical and financial considerations,” he said.
The NUPRC boss said that the recent Presidential Executive Orders issued were aimed at improving the efficiency and attractiveness of Nigeria’s oil and gas sector.
He said that it would culminate in further increasing the nation’s oil and gas reserves.
He added that as at April, it was estimated that Nigeria’s oil reserve was at 37.5 billion barrels of crude oil and condensate reserves, and 209.26 trillion cubic feet of natural gas reserves.
He said that the commission had engaged in several roadshows, held in Houston U.S., Miami, London and Paris, among others.
“We are not just a regulator, but a business enabler. We urge stakeholders to participate in the exercise.
“It will enable us unprecedented opportunity to unlock Nigeria’s vast hydrocarbon potential, attract investment and propel our nation towards greater economic prosperity and shared prosperity,” he stated.
He said each block had been chosen for its potential to bolster the nation’s reserve and economic posterity.
Komolafe said that the total number of blocks were 12 as at planning stage.
“But they were later able to gather data to offer more oil blocks. So, it is increasing the number of blocks and the details willl be made available on the portal,” Komolafe said.
The NUPRC boss also said that the commission had issued a licensing round guideline and published the grand plan.
Komolafe said that the blocks on offer have extensive 2D and 3D seismic coverage including logic and analog data.
According to him, the objectives of the exercise are; to grow oil, gas reserves, to boost production, to enhance Nigerian content development and attract investment among others.
He told prospective investors that notwithstanding, the progression of energy transition; fossil fuel would continue to play a key role in the energy provider globally.
The NUPRC boss said that there were plans to also conclude the 2022 block auctions alongside the 2024 oil bid round, while it had offered seven oil blocks in 2022.
He claimed that investors spend less in exploration and production to produce oil in Nigeria because of the depth of the wells.
According to him, the bid round is scheduled to last for nine months, with details on the portal.
He expressed optimism that investors would choose Nigeria, noting that the nation has a stable democracy with a location close to the coastline of 900 meters.
“Nigeria’s has ease of access to the Europe, American market, attractive fiscal regime; effective regulatory regime; presence of IOCs with confidence in Nigeria; ease of discovery and high productivity, among others.
Also, the Executive Director of Schlumberger, Dr Nosa Omorodion, said, “This is an opportunity for NUPRC to demonstrate that Nigeria is ready for business.”
He also said that integrity remained important while ensuring that things were done according to the rules.
He stressed that corporate governance and competency were key.
He said that the new bloc that would be placed should be published and made open for perspectives investors to see.
Mr Hans Nijkamp, Gas and Commercial Director, Shell E&P Africa, said: “Shell has been in Nigeria since 1937 and we are ready to stay for a very long time.
Noting that the deepwater is the company’s ‘playground’ for the future, Hans said Nigeria is currently on track.
He added, “The fiscal regulatory framework makes it look like Nigeria is already in the future.”
He explained that the company is determined to focus on oil and gas in the deepwater and taking the gas to the domestic market through the NLNG.
According to him, the PIA is a groundbreaking moment, as it has improved things, significantly, in the sector.
He, however, urged the government to address in the area of non-associated gas.
“The PIA and the Executive Order signed by Mr President together makes Nigeria more competitive,” he said.
The Tide source also reports that about 300 participants attended the pre-oil bid round conference.

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I’m Committed To Community Dev – Ajinwo

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The Sole Administrator of Emohua Local Government Area, Barr. Franklin Ajinwo, has reaffirmed his unwavering commitment to supporting community development, peace, and progress, describing it as his life’s calling.
Ajinwo made this known on when Okporowo Vanguard—a foremost association dedicated to driving sustainable development in Okporowo community—paid him a courtesy visit at the Council Secretariat, Emohua.

Speaking during the visit, the Emolga  Council boss advised the group to shun internal wranglings and leadership tussles, cautioning that such impediments could undermine their collective goals. He emphasized that unity is strength, and true power comes only from God.

Highlighting his ongoing efforts in repositioning standards within Emohua Local Government, Barr. Ajinwo commended Okporowo Vanguard for initiating plans to conduct large-scale skills acquisition training for young people in Okporowo. He assured them of his steadfast support towards such developmental initiative.

The former Chairman of the National Union of Local Government Employees (NULGE) in Rivers State stressed the need for selfless service, saying it is essential for achieving peace, unity, and development in any community.

He applauded the group’s vision of empowering youths through skills acquisition, aligning it with global best practices aimed at reducing dependency on white-collar jobs.

Earlier, the President of Okporowo Vanguard, Hon. Israel Emeji, outlined Barr. Ajinwo’s numerous and impactful contributions to the development of Okporowo community.

According to him, every family in the community has benefited from Barr. Ajinwo’s dedicated employment initiatives.

Hon. Emeji disclosed that during his tenure as Head of Local Government Administration (HLGA) and as NULGE Chairman, Barr. Ajinwo facilitated the employment of over five hundred (500) individuals from Okporowo community—a record that informed the association’s decision to honour him with the Excellent Leadership Award.

In a vote of thanks, the Secretary of the group, Dr. Okechukwu Godwin Amadi, praised Barr. Ajinwo’s outstanding leadership and unwavering support, both before and after his appointment as Sole Administrator.

He thanked him for the warm reception and appreciated members of Okporowo Vanguard for their strong turnout and continuous support for the present administration.

In their separate remarks, Barr. Kelvin Ajinwo, Chief Polycarp Ndala, and other dignitaries present prayed for God’s continued guidance and protection over Barr. Ajinwo, describing him as a divine gift to the Okporowo community.

They expressed hope that he would be granted even more leadership opportunities to further uplift the living standards of the people.

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RSG Tasks Rural Dwellers On RAAMP  …As Sensitization Team Visits Akulga, Degema, Three Others

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Rivers State Head of Service, Dr (Mrs) Inyingi Brown, has called on rural communities in the State to embrace the Rural Access and Agricultural marketing project (RAAMP) with a view to improving their  living conditions.

This follows the ongoing sensitization campaign by the State Project Implementation Unit (SPIU) visits to Degema, Abonnema, Afam headquarters of Degema, Akuku Toru and Oyigbo Etche and Omuma local government areas respectively.

Dr Brown who was represented by the Deputy Director, Special Duties in her office, Mrs Dein Akpanah, said RAAMP was initiated by the Federal Government and World Bank to economically empower rural dwellers.s

She said the World Bank understands the plights of rural farmers and traders in the State, and therefore came up with the programme to address them.

According to her, RAAMP will improve the conditions of farmers, traders and fishermen, and therefore, behoves on every rural communities in the State to embrace the programme.

The Head of Service also said the programme would support the youths to be gainfully employed while  bridges and roads will be built to link farms and fishing settlements.

Also speaking, the State project coordinator, Mr Joshua Kpakol, said the programme has the potential of creating millionaires among farmers and fishermen in the State.

Kpakol who was represented by Engr. Sam Tombari, said RAAMP would help farmers and fishermen to preserve their produce.

According to him, the project will build cold rooms and Silos for preservation of crops and fishes while access roads will also be created to link farmers and fishermen to the market.

He, however, warned them against any act that will lead to the suspension of the projects by the World Bank.

Kpakol particularly warned against acts such as kidnapping, marching ground, gender based violence and child labour, adding that such acts if they occur may  lead to the cancellation of the project by the World Bank.

During the visit to Oyigbo local government area, Mr Joshua Kpakol, said the team was there to let them know how they will benefit from the Raamp.

The coordinator who was personally at Oyigbo said the World Bank introduced the project to check food insecurity in the State.

He said already 19 states in Nigeria are already benefitting from the project and called on them to embrace the project.

Meanwhile, stakeholders in the three local government areas have commended the World Bank for including their areas in the project.

They, however, complained over the incessant attacks by pirates on their waterways.

At Degema, King Agolia of Ke kingdom said land was a major problem in the kingdom.

King Agolia represented by High Chief Alpheus Damiebi said many indigenes of the kingdom are willing to go into farming but are handicapped by lack of land.

Also at Degema, the representative of the Omu Onyam Ekeim of Usokun Degema kingdom, Osoabo Isaac, said Degema has embraced the programme but needed more information on the implementation of the programme.

Similarly, while High Chief Precious Abadi advised that the project should not be narrowed to only crop farming, a community women leader, Mrs Orikinge Eremabo Otto, called for the construction of cold rooms in all fishing settlements in the area.

At Abonnema, Mr Diamond Kio linked the problem of the area to incessant piracy along waterways.

He also expressed fears over the possibility of the project being hijacked by politicians.

Also at Abonnema, a stakeholder, Ikiriko Kelvin, called on the World Bank to design an agricultural project that will suit the riverine environment, while at Oyigbo, HRH Eze Boniface Akawo expressed satisfaction with the project.

 

John Bibor

 

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Senate Replaces Natasha As Committee Chairman 

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The political mudslinging between the Senate leadership and Senator Natasha Akpoti-Uduaghan continued yesterday as the Senate named Senator Aniekan Bassey as the new Chairman of the Committee on Diaspora and Non-Governmental Organisations.

Senate President, Godswill Akpabio, announced the appointment during yesterday’s plenary, confirming Bassey’s replacement of Senator Natasha Akpoti-Uduaghan, who is currently on suspension.

Akpoti-Uduaghan was reassigned to the Diaspora and NGOs Committee in February after she was removed as Chair of the Senate Committee on Local Content during a minor reshuffle.

Bassey is the senator representing Akwa Ibom North-East Senatorial District.

Although no reason was given for her removal yesterday, the change is believed to be connected to her unresolved suspension.

In May, Justice Binta Nyako of the Federal High Court ordered her reinstatement and directed her to tender an apology to the Senate.

However, the Senate has insisted it has not received a certified true copy of the court judgment.

Akpoti-Uduaghan who represents Kogi Central, has yet to resume her legislative duties despite a recent court ruling that voided her suspension.

In a televised interview on Tuesday, Akpoti-Uduaghan said she was awaiting the Certified True Copy of the judgment before officially returning to plenary, citing legal advice and respect for institutional process.

Although the Federal High Court described her suspension as “excessive and unconstitutional”, a legal opinion dated July 5 and attributed to the Senate’s counsel, Paul Daudu (SAN), argued that the ruling lacked any binding directive to enforce her reinstatement.

Akpoti-Uduaghan, one of only three female senators in the current assembly, said the continued delay in allowing her return was not only a denial of her mandate but also a blow to democratic representation.

“By keeping me out of the chambers, the Senate is not just silencing Kogi Central, it’s denying Nigerian women and children representation. We are only three female senators now, down from eight,” she said.

 

 

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