Connect with us

Business

Bayelsa Wants FG To Establish Gas Terminal

Published

on

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

Continue Reading

Business

Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

Published

on

The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
Continue Reading

Business

NPA Targets N1.489tn Revenue In 2026

Published

on

The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
Continue Reading

Business

NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

Published

on

Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
Continue Reading

Trending