Business
Bayelsa Wants FG To Establish Gas Terminal
The Bayelsa State Government has called on the Federal Government to establish a liquified natural gas terminal in the state to optimize economic benefits accruing from the gas sub-sector of the country’s petroleum industry.
The state Deputy Governor, Senator Lawrence Ewhrudjakpo, made the call recently when the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, paid a courtesy visit to Government House, Yenagoa.
A statement issued by the Senior Special Assistant on Media to the Deputy Governor, Mr. Doubara Atasi, quoted him also stressing the need for the Federal Government to resume and complete work on the abandoned Brass Fertilizer Company for the general good of the country.
Describing the state as the headquarters of gas in Nigeria, the state’s Number Two Man lamented that Bayelsa had nothing commensurate to show for its huge natural gas endowment and contribution to the economic development of the nation.
According to Senator Ewhrudjakpo, about 60 percent of the total gas feedstock or supply to the liquefied natural gas (LNG) export terminal at Bonny Island was transported from Bayelsa.
He stated that it would make a lot of economic sense for the Federal Government to establish another gas processing and export terminal in Bayelsa in its next phase of investment in the subsector to cut off the cost of transporting the raw material.
Speaking further on the Brass Fertilizer Plant, the Deputy Governor said the State Government was prepared to partner all relevant federal authorities to ensure that work on the project takes off the ground.
He also appealed to the visiting Minister to prevail on the Nigerian Content Development and Monitoring Board (NCDMB) to ensure that companies handling fabrication components of contracts carried out such projects in the state to meaningfully engage youths in relevant areas.
“For us here in Bayelsa, we are sitting on oil and gas. We are not only the headquarters of gas, but also substantial or major producer of oil.
“However, we feel that Bayelsa is not treated fairly enough in the gas subsector. You will not believe that 60 or 70 percent of the feedstock at the LNG in Bonny, Rivers State is from Bayelsa here, and yet there is nothing to show for it.
“So, in the second phase of the Federal Government gasification drive, Bayelsa should have one plant. That will be the only way Bayelsa will feel a sense of belonging in the sector she is contributing so much to.
“I also want to remind you that we have this Brass fertilizer plant issue that has remained too long in the pipeline. We will really appreciate if your ministry can look into the Brass Fertilizer Plant, because it is a project that if we get it right, it would engage a lot of our youths”, he said.
He continued that “Since you are here also supervising the NCDMB, we feel you should also help us pass this message to the Board, that some of the contracts they award, some of the companies don’t want to be here to execute their jobs.
“For example, they award a contract to a company to do fabrication, but they want to do it outside and not employ our youths. We are appealing that once a project is for Bayelsa, the fabrication and everything should be done in Bayelsa”.
Earlier in his remarks, the Minister of State for Petroleum (Gas), Honourable Ekperikpe Ekpo, said his team was in Bayelsa to meet with the management of the NCDMB to work out modalities for improvement in the gas subsector of the petroleum industry.
He said the current Federal Government takes the issue of developing the gas subsector seriously with a view to reducing the cost of transportation in the country.
The Minister commended the in the state.
State Governor, Douye Diri, for identifying with President Bola Tinubu, particularly his timely and mature handling of the “End Bad Governance” protest and thereby sustaining peace in the state.
“I am here in Bayelsa to meet with the NCDMB management team to deliberate and discuss the issue of gas; how we are going to progress in that sector. And of course, gas is the way to go today.
“The progress of Nigeria today depends on gas. With gas in total circulation, there would be reduction in transportation fare. The economy of this country do well with gas because we have in abundance. That is why I am here.
“Let me use this opportunity to equally thank you and the Governor of Bayelsa State, for what I have heard that you have appointed two members of the APC as commissioners into your state executive council. This is how politics should be played, and I believe if we take it in this route, peace will be sustained.
“Thank you for maintaining peace in Bayelsa State. I heard on the first day of the end bad governance protest, when the boys came out, the Governor addressed them and asked them to relax, assuring everything would be put in place.
“I wouldn’t be here if there was continued protest in Bayelsa. So, I salute your courage; I salute your government, and I salute the people of Bayelsa State for identifying with President Ahmed Bola Tinubu”, the Gas Minister said.
By: Ariwera Ibibo-Howells, Yenagoa
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
Niger Delta3 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports3 days agoSimba open Nwabali talks
-
Nation3 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta3 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta3 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
News5 days agoDon Lauds RSG, NECA On Job Fair
-
Oil & Energy3 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
Rivers3 days ago
Fubara Restates Continued Support For NYSC In Rivers
