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Tinubu pledges to oil & gas sector will safeguard, enhance investments value

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By David Torough, Abuja

President Bola Tinubu has assured that his administration will continue to provide the needed interventions in the oil and gas industry in line with the provisions of the Petroleum Industry Act (PIA).

The President spoke when he received a delegation from the Chevron Corporation, led by Mr.

Clay Neff, President of Chevron International Exploration and Production on Tuesday in Abuja.

Tinubu said Nigeria would strengthen its long-standing partnership with the multinational company in line with the evolving dynamics in the oil and gas industry.

He welcomed Chevron’s commitment to build on its investments in shallow and deep water operations in Nigeria, noting the company’s ongoing $1.

4 billion drilling project with the Nigerian National Petroleum Company Limited (NNPCL).

He also commended Chevron for its dedication to reducing its carbon footprint in the country.

”You must see the PIA as a legacy law. We assure you of quick interventions and turnaround on any issue you may have in your operations in our country.

”Nigeria is proud of the 60-year partnership with Chevron, and we believe this partnership will be strengthened to add mutually-beneficial value for the benefit of your shareholders as well as the living standards and economic opportunities of our population,” the President said. 

In his remarks, Mr. Neff pledged that the company would continue to operate in full adherence to the highest standards, even as it meets its investment commitments in Nigeria.

He highlighted the company’s contributions to domestic gas supply, noting the delivery of 25% gas through a joint venture with NNPC Limited.

He also said Chevron was scaling up its investments in the country with its recent efforts in a new phase of development to include: “the conversion, under the Petroleum Industry Act, of all the NNPCL/Chevron Nigeria Limited Joint Venture (JV) Oil Mining Leases (OMLs) and Agbami OML 127 to Petroleum Mining Leases and Petroleum Prospecting Licences (PPLs).

Entry into OPL 215 block to boost deep-water development opportunities; signing of 20-year renewal of three deepwater leases; commencement of seismic data acquisition in several deepwater leases; commencement of life extension work on the Agbami project, and, in partnership with NNPCL, securing of $1.4 billion financing to fund the NNPCL/CNL JV infill drilling programme between 2022 to 2026, which includes the drilling of 37 wells in the shallow offshore and onshore Escravos area and associated facilities.”

Mr. Neff further informed the President that Chevron’s average annual tax and royalty remittances over the past three years had reached $3.4 billion.

”The bold steps you have taken since you assumed office are quite impressive. We are encouraged by our partnership of over 60 years, and we look forward, God willing, to continue that partnership for many decades to come.

”We are also looking at other opportunities as well, while operating with the best environmental practices. We will continue to grow our traditional oil and gas business because we know the countries where we operate are in need of those products, and the world needs those products,” he said.

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British Charity Moves to Tackle Nigeria’s out-of-school Syndrome

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With Nigeria’s  out-of-school children figure still high at 18.3 million, an international charity has initiated fresh moves to tackle the syndrome.

The Ibironke Adeagbo Foundation (IAF), based in England, said it was determined to contribute significantly to tackling the crisis.

IAF had been campaigning for intensified efforts to tackle out-of-school syndrome in Nigeria, where UNICEF and UNESCO have reeled out huge figures of out-of-school children from year-to- year.

In a statement on Friday, the Founder of the foundation, Mrs Ibironke Adeagbo, said the fresh  initiative was to support the Renewed Hope Agenda of the Federal Government.

Adeagbo said the foundation was  working on what she described as a “roadmap” to be unveiled by the foundation this month to tackle the problem and salvage early-child education in Nigeria.

According to her, the foundation has come out in full force to support the Federal Government to overcome the syndrome.

“With over 18 million children out-of-school, Nigeria’s education landscape faces an unprecedented crisis.

“The nation’s economic and social future depends on our collective commitment to quality education,’’ the British-born Nigerian, who resides in London, said.

She said Nigeria’s education system was  grappling with challenges, including inadequate infrastructure and under-funding.

“The foundation is committed to driving actionable solutions at this point in time because we must secure a brighter future for our out-of-school children and Nigerian education in general.

“Education is the cornerstone of development and progress,” Adeagbo added.

Adeagbo disclosed that an international summit on education had been slated Nov. 26  to ignite discussions on how to over the challenge.

“We cannot afford to overlook the urgent needs of the education sector,” she said.

She said that the summit tagged: “Street to School: A Tech-Based Solution to Address Nigeria’s Education Crisis’’ would ignite critical discussions that would lead to substantial and measurable changes in Nigeria’s education landscape.

Adeagbo  called on the Federal Government to increase budgetary allocation to education in line with UNESCO’s recommendation of  15 per cent to 20 per cent of the total budget.

She also called for strengthening of partnerships with civil society groups to fund educational initiatives aimed at tackling various problems in the education sector, especially the out-of-school challenge.

Adeagbo said that Nigeria should implement initiatives targeted specifically at marginalised groups, including girls, children with disabilities and those from low-income families.

The IAF founder stressed the need for the government to utilise technology to boost learning opportunities, especially in remote communities and unserved areas.

Adeagbo added that Nigeria should give priority attention to training of teachers to equip them with skills to deliver quality education.

“We believe that Nigeria can establish a sustainable and inclusive educational framework that will leave no child behind,’’ she stated.

Report says that insecurity caused by terrorism, banditry and kidnapping plaguing Nigeria for years, contributed much to out-of-school syndrome in the country.

However, the Federal Government has been fighting to stamp out the negative activities to allow children to have unrestricted access to the classrooms. (NAN)

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KDSG to Spend N93bn to Bolster Water Supply

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The Kaduna State Government plans to spend N93 billion over four years for the rehabilitation of the water sector in four tranches to address the neglect the sector has suffered over the past 10 years.

Ibrahim Hamza, the Commissioner for Public Works and Infrastructure, disclosed this during a press briefing on Friday in Kaduna.

Hamza said that Gov.

Uba Sani has directed the payment of all outstanding salaries and wages to the staff of the Kaduna State Water Corporation (KADSWAC), amounting to N800 million.

He further disclosed that the staff of the corporation would be put back on the state’s payroll until 2027 when it must have fully stabilised to run as a commercial entity.

The commissioner recalled that the Governor had declared a state of emergency in the water sector three months ago.

Hamza said , ” This led to the appointment of Kabir Rufai as the substantive Managing Director of KADSWAC.

”The corporation will collaborate with the local governments to maintain generator operations.

”This will strengthen existing water laws to support corporate employment policy.”

He said that the state was investing heavily in the rehabilitation and retrofitting of all water treatment plants and distribution mains, with an emphasis on sanitation and hygiene

Hamza said, “The N93 billion will be invested in four installments, starting with N17 billion this year.

“N35 billion will be invested next year, N30 billion will be invested in 2026 and N11 billion will be invested in 2027.” (NAN)

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Let’s Fix PDP to Fix Nigeria, Says Makinde

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By Johnson Eyiangho, Abuja

The Governor of Oyo State, Seyi Makinde has called on members of the Peoples Democratic Party (PDP) to fix the internal crisis in the party as the PDP is capable of fixing the country.Makinde, who spoke yesterday at the inauguration of the Board of Governors and Unveiling of Roadmap for the Peoples Democratic Institute (PDI), said that as the nation approaches 2027 for another general election, it was clear that the PDP has the capacity to provide direction for Nigerians.

The Oyo State Governor, who was the special guest at the occasion, asked rhetorically, “What would you want to be remembered for? This is a question every politician who has had to serve at any capacity in our great nation should ask themselves.
Because players would come and go.”The situation is so dynamic, but you have to be remembered for something.”From 2019, I’ve been benefitting from PDP. So, I want to say thank you to our great party, and all the stakeholders gathered here today, for giving me the opportunity to get not one, but two mandates, back to back, under this umbrella.”The only thing I can promise you is that since I have fetched water from that well I have been drinking since 2019, I will not pollute the well when it is time for me to exit that position.”The journey to this day has not been all smooth, but I’m thankful that we are able to overcome all the obstacles along the way.”On the PDI, Makinde said that with inauguration of the institute Board of Governors, the PDP is moving a step closer to defining the ideology that the party stands for, and cementing what the party as a whole will want to be remembered for.He said, “Let me especially thank all the people that are members of the party that has put aside grievances, and played a role in the re-establishment and revitalisation of the PDI” recalling that the institute was formed during the administration of President Olusegun Obasanjo.”So, one will take a pause and say okay, what happened during the 16 years of PDI in power nationally? “You can see that with the PDI, there is a pivotal rule, and during those years, we can rightly refer to as the golden years, because since we are working through the plan, we got debt forgiveness, we were interacting with everybody around the world, we were not in pariah relations,” he said.He called on members to rally round the party and set aside their differences, saying there was need for true reconciliation and unity to wrestle power from the APC in Ondo State, whose governorship election has been slated for November 16, 2024.In his contribution, former Senate President, Dr. Bukola Saraki, noted that parties are built on ideas, philosophies and policies, stressing the need to move away from building ideas on self and ambition.Sakari said: “We cannot have an ambition if we don’t have a party. We cannot have a party if we don’t have ideas. This is where it starts from. This is the foundation that is important. “Let us desist from talking about who is running for councillor, or who is running for governor, or who is running for president in 2027. Let us talk about what PDP is. What does PDP represent? What are the issues and policies that we must take into account?”This is what is important for us. This is what Nigerians outside want to know. This is what is important.”Earlier the Acting National Chairman of the PDP, Amb Umar Damagum ,who was represented by the party’s National Organising Secretary, Hon. Umar Bature, said there needed to reposition and unite the party to play its opposition role.

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