Business

FG Releases N280bn To Six Ministries, 50 Agencies

Published

9 years ago

June 27, 2016

The Federal Government has announced that it had so far released N280bn from the N350bn set aside for capital projects as contained in the 2016 budget.
It stated that the funds had been sent to the Federal Ministry of Finance for onward disbursement to six ministries and over 50 agencies, adding that the funds were for ongoing projects and for new ones.
This is coming as the Bureau of Public Procurement stated that it had projected to save N48bn for the government through the electronic procurement system, while implementing the 2016 budget.
The Minister of State for Budget and Planning, Mrs Zainab Ahmed, stated that the release of the N350bn was ongoing, but explained that projects to be funded must be thoroughly scrutinized.
Ahmed, who spoke during the budget review and inclusive monitoring workshop organised by Budget, a non-governmental organization in Abuja, said, “The release of the N350bn is ongoing, but of course, we are not releasing the budget just based on giving out funds with respect to allocations. We need to scrutinize the projects, it took some time, but we have sent about N280bn for projects that have been scrutinized and the release will be for special projects.
“And recommendation was on projects that are ongoing, except for a few exceptional circumstances. We are not releasing funds for new projects”.
Asked to name the Ministries, Departments and Agencies to benefit from the fund release, she said, “we have sent to the Ministry of finance for up to about 50 MDAs or 60, but I can tell you that Power, Works and Housing, Agriculture, Interior, Education, Information and Environment are part of the ministries that we have sent to. We have reviewed their projects, approved them and have sent them to the Ministry of Finance.
“There are about 60 MDAs already in the first batch. We have another batch of about 30 where the screening process has been concluded and we should be able to sent that today as soon as possible.
On how the country would save N48bn through e-procurement, the Director-General, BPP, Mr. Ahmed Abdul, who also attended the event, stated that the initiative would reduce corruption created by human interface.
He said, “we are looking at implementing the electronic procurement system for the country. The whole idea is that most of the issues or corruption related issues are arising from human interface. Through electronic procurement, you will reduce human interface, and by so doing, you will increase efficiency and as well save a lot of money while implementing your budget.
“We have a projection that if we adopt an electronic procurement system, we are going to save about N48bn. This amount will be saved in 2016 if we can successfully adopt the electronic system of procurement”.
The Lead Partner, Budget, Mr. Oluseun Onigbinde, stated that the government should ensure an inclusive budget, as previous budgets had recorded poor capital implementation.
“The expansionist approach of the 2016 budget is very bold but the assumptions on which the document was made straddle the edge of unfeasible expectations, specially with respect to non-oil revenue and independent revenues”, he stated.

Business

PINL Initiatives, Operational Etiquette Excites Bayelsa Stakeholders

Published

51 mins ago

June 20, 2025

The Tide

Host Communities of oil and gas firms within the operational catchment area of an oil and gas infrastructure surveillance company, Pipeline Infrastructure Nigeria Ltd. (PINL), have scored the firm high over its developmental initiatives and programmes.

The stakeholders gave the commendation in joint address presented during a stakeholders engagement meeting held in Yenagoa, the Bayelsa State capital, by the PINL to assess the performance of the company’s operations in host communities.

Presenting the address on behalf of the communities, Elder T.K. Ogoriba lauded the firm for its giant and uncommon initiatives which has brought development and empowerment to host Communities within its operational catchment area.

Earlier in his opening remarks, the PINL Consultant, Communities Relations, Dr. Akpos Mezeh, stated that the company would soon unveil empowerment schemes for youths.

He stressed that there has been near zero infractions on the Trans Niger Pipeline (TNP), hemce an increase in crude oil production, which has ultimately increased Nigeria’s revenue.

“Collectively, we have been able to achieve near zero infractions on the pipelines that we have been mandated to secure and the implication is that we are experiencing uninterrupted operations in the Trans Niger Pipeline (TNP), and crude oil production from the fields are flowing without interruption.

“Secondly, we used to experience soot. If you dry your clothes, the next day the colors have changed , and, of course, we are all witnesses that the situation has changed for better and that goes to show that our environment is now enjoying some level of restoration.

“Our environmentalist here can confirm that we are making good progress. We have experienced increase in crude oil production and the implication is that we are making oil revenue available for the federal government and that would go a long way to restore confidence of investors in our economy”, he said.

In a presentation on the impact of oil spillage on the environment, the Manager, Health, Safety and Environment (HSE) of PINL, Sunday Otoyo, called on the community stakeholders to dissuade their children and constituents from bursting the pipelines, citing environmental degradation, health challenges and other impacts as consequences.

“Oil spillage possess a significant environmental threat, harming marine life, disrupting ecosystems, and damaging human health and economic activities”, he stated.

In his response, President of Movement For the Survival of Ijaw Ethnic Nationality in the Niger Delta (MOSIEND), Comrade Tonjo Kennedy West, applauded the company for showing exemplary leadership by opening itself for assessment by community stakeholders, calling on other surveillance companies operating in the Niger Delta to borrow a leaf from PINL and create better working relationship with host communities.

Speaking on behalf of the women, Mrs. Moke Ossai, Women Leader, Igbogene Federated Communities, commended the company for carrying women and youths along in their operations.

In his speech, Community Relations Executive of the firm, Mr. Tarila Alamieyeseigha, said the firm would soon roll out a scholarship scheme for the host communities within its areas of operation.

He commended stakeholders for synergizing with the firm, noting that the company will leverage on the cordial relationship existing between her and the host communities “to ensure enduring peace, tranquility and pipeline vandalism-free operational catchment area”.

This, he explained, is in order to protect the environment from oil and gas related hazards and increase the nation’s oil and gas production for the overall benefit of citizens.

Ariwera Ibibo-Howells, Yenagoa

Business

$5bn Train 7 Project 80% Complete -NCDMB

Published

1 week ago

June 12, 2025

The Tide

The Nigerian Content Development and Monitoring Board (NCDMB) has said the Nigeria Liquified Natural Gas (NLNG) Train 7 project has reached 80 percent completion.
The Board stated this in a statement released by its Corporate Communications Directorate to newsmen, recently, during the inauguration of 140 trainees for the Train 7 Project.
The trainees had undergone the Nigerian Content Human Capacity Development (NC-HCD) programme it organised in partnership with the Nigeria Liquefied Natural Gas (NLNG) Limited in Port Harcourt, the Rivers State capital.
The Tide gathered that the training programme was an intensive three-month Advanced NC-HCD Programme for the US$5 billion NLNG Train 7 Project on Bonny Island, Rivers State.
The trainees, The Tide further learnt are graduates in different academic disciplines who have completed a 12-month Basic Training Programme in diverse oil-and-gas-industry-related skill sets and are now set for an on-the-job phase which includes active hands-on participation in operational areas such as Turn Around Maintenance (TAM), Commissioning, and Desktop Programmes.
The Corporate Communications Directorate of the NCDMB told The Tide that in November 2024, a set of 331 trainees under Batch A of the NLNG T7 HCD Training Programme began capacity development in facility management, engineering, Information and Communication Technology (ICT), Health Safety and Environment (HSE), Quality Assurance and Quality Control, as well as welding and fabrication.
According to the Board, additional 77 trainees under Batch B of the same Training Programme began capacity development in data analytics and supply chain management among several other fields relevant to the operations of the oil and gas industry.
While addressing the trainees and trainers who were drawn from the Oil and Gas Trainers Association of Nigeria (OGTAN), Management Personnel of the NCDMB and NLNG, the Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, said the Advanced NC-HCD training is more than a milestone.
“The NC-HCD training programme is an expression of the collective commitment of the Board and the NLNG to nurturing world-class Nigerian professionals who will shape the future of our oil and gas industry.
“The Board has remained steadfast in its conviction that Human Capital Development is a critical investment in the sustainability and competitiveness of Nigeria’s oil and gas value chain”, the NCDMB boss said.

Ariwera Ibibo-Howells, Yenagoa

Business

Ageing Aviation Workforce: Minister Urges Youth Grooming For Replacement

Published

1 week ago

June 12, 2025

The Tide

Worried by the ageing workforce in the country’s air transport sector, the minister of Aviation and Aerospace Development, Festus Keyamo, has urged the Federal Airports Authority of Nigeria (FAAN) and other stakeholders in the sector to groom youths.
He said the situation has resulted in widened knowledge gaps and operational challenges.
As a globally regulated sector, he said it was important that stakeholders put measures in place to attract the talents required to move the industry forward.
Keyamo, therefore, called on stakeholders in the industry to be deliberate in identifying, encouraging, nurturing and harvesting young talents to ensure a sustainable supply of manpower to the aviation sector.
Director of Public Affairs and Consumer Protection of the FAAN, Mrs Obiageli Orah, in a release made available to aviation correspondents, noted that the Minister deemed it necessary to attract the right quality of human resources required to move the sector forward.
“As a globally regulated sector, it is important that stakeholders put measures in place to continually attract the right quality and quantity of human resources required to move the industry forward.
“It is important to note that organising training programmes are avenues through which we can breed, nurture, and harvest such human resources.
“One of the critical challenges facing the industry is the ageing and retiring workforce, leading to widened knowledge gaps and operational issues.
“Training programmes, I believe, is among other things designed to make aviation appealing to the younger generation, while encouraging them to develop interest in taking up a career in the industry”, the statement stated.
Meanwhile, some aviation stakeholders have expressed concerns of countless young Nigerians who seek to make their mark in aviation, tourism, and the wider transport ecosystem but often face steep barriers to entry.
According to them, lack of access, limited mentorship, financial constraints, skill mismatches, and systemic gaps, among others, have posed some constraints to them.

Corlins Walter