City Crime

Education Remains A Cardinal Pillar Of My Administration – Ibas

Published

6 months ago

June 2, 2025

The Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (Rtd), has affirmed that educational development will remain a cardinal pillar of his administration.

Ibas stated this while speaking at the 43rd Convocation Ceremony of the Ignatius Ajuru University of Education (IAUE), Rumuolumeni, Port Harcourt, on Saturday.

Represented by the Secretary to the State Government, Prof. Ibibia Lucky Worika, the Administrator maintained that the theme of the 43rd Convocation, “The University Culture in Practice: The IAUE Experience”, could not be timelier than at a time when institutions of higher learning must rise above mediocrity.

“It is heartening to see lAUE demonstrate its commitment to academic distinction, institutional maturity, and responsible governance. A thriving university culture is one that not only teaches but transforms. It builds bridges between learning and leadership, knowledge and character. It equips young men and women not just for employment, but for purposeful citizenship.”

Ibas, in a statement by the Head of Press Unit, Office of the Secretary to the State Government, Juliana Masi, commended the University management for its proficiency in achieving full accreditation of more academic programmes.

He said, “Education remains a cardinal pillar of this administration. I am pleased to note the considerable strides made under the leadership of the Acting Vice Chancellor, particularly in the areas of programme accreditation, infrastructure renewal, and institutional discipline. l commend the university’s achievements in securing full accreditation for 47 academic programmes, successfully verifying new departments, and implementing the NUC’s Core Curriculum Minimum Academic Standards. These represent not just compliance but vision.*

Ibas called on the new 2,887 first-degree graduands and 1,492 postgraduate degree awardees, to uphold the positive values instilled in them by the university and the unquenchable thirst for knowledge.

“I urge the student body to rise above distractions and embrace the deeper call of education to become builders of a better society. We will not tolerate cultism, fraud, harassment or any form of indiscipline in our tertiary institutions. Together, let us uphold zero tolerance for academic and social misconduct,” he stressed.

The Secretary to the Government of the Federation, Senator George Akume, represented by Prof. Bolaji Babatunde, who was awarded a Doctor of Letters, noted that President Bola Tinubu has approved the establishment of specialized universities including Federal University of Agriculture and Development Studies, Osun State; Federal University of Environment and Technology, Rivers State; Federal University of Technology and Environmental Science, Ekiti State, and also upgraded 38 Federal and State Technical Colleges across the country.

The Ag. Vice Chancellor of the Ignatius Ajuru University of Education, Prof. Okechuku Onuchuku, explained that the theme was chosen to highlight the need to go beyond just academic accomplishments but also to embrace cherished traditions and intellectual values for which great universities are known and celebrated.

“Ignatius Ajuru University of Education has come of age, and it is time to prove to our stakeholders and development partners that this institution is moving in a positive direction as a proof of our maturity in all facets of academic and administrative activities.

“I urge you to celebrate… but remember that today’s celebration will precede new beginning in your career and personal life. You must prove to the world that you truly deserve the certificates and prizes”, he said.

He disclosed that out of the 1,492 postgraduate graduands, 306 are PhD, 812 Masters and 374 Postgraduate Diploma, while out of the 2,887 first degree graduands, four are first class, 403 second class upper, 2,030 second class lower and 450 are third class.

City Crime

RSG Ready For 2030 Digital Transformation

Published

1 month ago

October 27, 2025

The Tide

The Permanent Secretary, Rivers State Information and Communications Technology (ICT) Department, Mrs. Elizabeth Akani, has said the State Government was set to meet up the 2030 target of the Federal Government towards the actualization of digital economy.

Akani said this at the Rivers State Sensitization Workshops on The Adoption of Nigeria Start-up Act and National Digital Literacy framework (NDLF), in Port Harcourt, weekend.

She noted that the State was ready for both the adoption and domestication of the Act.

According to her, up to 90-95% preparation have been fully covered by the state in readiness to welcoming the digital economy Act.

“Stakeholders talked about adoption and domestication of the Act, it was fruitful. The draft has been sent to the government”, she said.

She also noted that the move was in line with the digital transformation plan of the state and the country at large.

The Convener, Start South, Mr. Uche Aniche, who made case for full ICT Ministry for the state, said such will command the needed growth in the system.

Aniche stated that until they attained the lofty height, all about Tech-knowledge and growth may not fall in place as expected.

Other tech-operators, such as the Code Garden Chief Executive Officer, Mr. Wilfred Wegwu, who welcomed the idea, said it must be done in the nearest future.

Wegwu noted that technology has taken over the world at present, adding that government at all levels needed to key into the system.

He also stated that the system play major roles in various spheres of life, including relationships and collaboration.

He also revealed that the system now was up to forth Industrial Revolution (4IR), according to global shift ranking.

It will be recalled that the State Government has recently ordered to construct ICT centres across the 23 Local Government Area of the state in order to meet up the yearnings of the technology world.

By: King Onunwor

City Crime

Industry Braces For Glut And Investor Demands

Published

2 months ago

September 29, 2025

The Tide

The oil and gas industry is in for a tough year ahead, as it must balance financial discipline, shareholder returns, and long-term investments in the sustainability of the business—while navigating a hypothetical glut.

The warning comes from Wood Mackenzie, which said in a new report that the industry was faced with conflicting trends over the next year that would make decision-making challenging. Among these is an expectation that the market would tip into an oversupply, pressuring prices, while the demand outlook for oil over the long term brightens up, motivating more investments.

“Oil and gas companies are caught between competing pressures as they plan for 2026. Near-term price downside risks clash with the need to extend hydrocarbon portfolios into the next decade. Meanwhile, shareholder return of capital and balance sheet discipline will constrain reinvestment rates,” Wood Mackenzie’s senior vice president of corporate research, Tom Ellacott, said.

The executive added that investors would also influence decisions, as they continue to prioritize short-term returns over long-term investments. This last part, at least, is not unusual in the current investment environment across industries. It could, however, make life even more difficult for oil and gas companies for a while.

The glut that Wood Mackenzie analysts expect is the same glut that the International Energy Agency has been expecting for a while now. Yet that very same International Energy Agency earlier this month issued a warning on the longer-term security of global oil supply, saying the industry needed to step up investment in new production because natural depletion at mature fields was progressing faster than previously assumed.

Per the report, if the industry has to maintain current levels of oil and gas production, more than 45 million barrels per day of oil and around 2,000 billion cu m of natural gas would be needed in 2050 from new conventional fields. It’s worth noting that this is maintenance of current production levels, assuming demand will not rise, which is a risky assumption.

Even with projects ramping up and new ones approved for development and not yet in production, a large gap still exists “that would need to be filled by new conventional oil and gas projects to maintain production at current levels, although the amounts needed could be reduced if oil and gas demand were to come down,” the IEA said.

However, demand could just as well increase, heightening the degree of uncertainty in the industry and making long-term planning even more challenging—especially for companies with higher debt-to-equity ratios. Wood Mackenzie expects those with gearing of above 35% would prioritise resilience over long-term growth, while those with better debt positions would turn to divestments and asset acquisitions to improve the quality of their portfolio.

Share buybacks will also remain on the oil industry’s table as a favorite tool for making shareholders happy, although, Wood Mac notes, these tend to dry up when oil slips below $50 per barrel. Interestingly, the analytics company does not seem to factor into its analysis a scenario where prices might go up instead of down, especially now that President Trump has signaled he would be willing to step up pressure on Russia to bring a swifter end to the war in Ukraine.

If prices do rise, for whatever reason, including failure of the massive 3-million-bpd glut that the IEA predicted to materialize, then the immediate outlook for the oil and gas industry becomes different—but not too different. Companies have already demonstrated they would not return to their old ways of splurging when times were good and tightening belts when times were bad. They would likely stick to spending caution and shareholder return prioritization, regardless of prices.

By Irina Slav

City Crime

ECN Commences 7MW Solar Power Project In AKTH

Published

2 months ago

September 22, 2025

The Tide

As a landmark intervention designed to guarantee uninterrupted electricity supply, the Energy Commission of Nigeria (ECN), has commenced a 7MW solar power project at the Aminu Kano Teaching Hospital (AKTH)

The project is the outcome of ECN’s comprehensive energy audit and strategic planning, which exposed the unsustainable cost of diesel and the risks associated with AKTH’s dependence on the national grid.

Working in close collaboration with the Federal Ministry of Innovation, Science, and Technology under the coordinating leadership of Chief Uche Nnaji, the ECN planned and executed this critical project to secure the hospital’s energy future.

The Director – General, ECN, Dr. Mustapha Abullahi, said “the timing of this intervention could not be more crucial” recalling that only days ago, AKTH suffered prolonged power outages that tragically claimed lives in its Intensive Care Unit.

“That painful incident has strengthened our resolve. With this solar installation, we are ensuring that such tragedies are prevented in the future and that critical medical services can operate without fear of disruption”.

Abdullahi stated that the project is a clear demonstration of the Renewed Hope Agenda of President Bola Ahmed Tinubu in action and reflects ECN’s commitment to making Nigeria’s energy transition people-centered, where hospitals, schools, and other essential institutions thrive on reliable, clean, and sustainable power.

The ECN boss further reaffirmed ECN’s commitment to continued deployment of innovative energy solutions across the nation.

“This is not just about powering institutions; it is about saving lives, restoring confidence, and securing a brighter future for Nigerians”, he stated.