NEWS
NCDMB Seeks Industry-wide Support for FDIs, NOGOF, Others to Ramp up Crude Output
From Mike Tayese, Yenagoa
The Nigerian Content Development and Monitoring Board (NCDMB) has canvassed industry-wide support for initiatives that would reverse negative trends in Nigeria’s energy sector.The Executive Secretary, NCDMB, Felix Omatsola Ogbe in a paper entitled “Resolving the Nigerian Energy Trilemma: Energy Security, Sustained Growth, and Affordability,” identified “alarming scale of pipeline vandalism and theft of crude oil” as the biggest threats to Nigeria’s energy security.
He noted that major oil and gas projects are required as well as a robust security strategy based on mutually beneficial collaboration with host communities. Saying to achieve the above objectives, the Board has undertaken to work with stakeholders in the industry to dedicate one week in every calendar year to signing Final Investment Decisions (FIDs) on new projects, as prospective investors could be motivated to act expeditiously to meet agreed-upon deadlines and regulators are similarly encouraged.Ogbe noted that FDIs would “catalyze new projects in the Nigerian oil and gas industry,” and that fruitful collaboration amongst stakeholders and NCDMB would actualize the intentions of the Presidential Directives rolled out in March 2024 by The Presidency, and thus “fast-track the contracting cycle and incentivize investments in our sector.”The NCDMB boss, who was represented by the General Manager, Corporate Communications and Zonal Coordination, Esueme Dan Kikile, Esq.suggested that the FDI Week be incorporated into any of the major oil, gas and energy conferences held in the country.According to him, the Board holds a similar biennial event called Nigerian Oil and Gas Opportunity Fair (NOGOF), which is attended by all the international and indigenous operating companies to share awareness of opportunities and projects to be executed.On the Board’s strategy to create a safe and secure operating environment for oil and gas companies and thus eliminate the huge costs associated with vandalism and attacks on personnel and installations, the Executive Secretary disclosed that NCDMB has introduced a new policy known as “Back to the Creeks Initiative.”According to him, “We are convinced at the Board that the incessant tampering with crude oil pipelines and hostilities in oil-producing communities have a huge impact on energy security,” and that the new initiative is geared towards curtailing incidences of disruptions of oil industry operations through targeted interventions.These include execution of corporate social responsibility projects in communities, provision of affordable finance to local contractors, upgrade of basic educational facilities in villages and communities, building the capacity of teachers and improving the infrastructure at that level.The initiative, whose details would soon be publicized, is expected to create a stakeholder feeling in host communities and make them view industry assets around them as facilities that are bound up with their socio-economic well-being.Such an orientation would translate into safety of assets, increased crude oil production, drastically reduced security costs and more favourable pricing of petroleum products.NEWS
Ecobank Nigeria Bags Client Excellence Award
Ecobank Nigeria, a subsidiary of Ecobank Group, has been conferred with the Client Excellence Award by the Deutsche Bank AG, for exceptional institutional cash management performance.
This is contained in a statement issued on Wednesday in Lagos.
Mr Andreas Voss, Chief Country Representative, Deutsche Bank AG, commended the feat recorded by the Ecobank.
Voss said the award reflected Ecobank’s payment efficiency and cash management excellence.
He noted that the bank’s commitment to excellence, open communication, and proactive strategies contributed to the significant achievements of both institutions.
“Ecobank’s dedication to excellence and collaborative spirit have made them an invaluable partner.
It was an absolute pleasure working with Ecobank.“Their processing of Straight Through Processing (STP) transactions is a prime example, as Ecobank achieved an STP rate above 99 per cent for foreign currency payments and international settlement services.
“This success underscores the bank’s high SWIFT payment standards, facilitating rapid beneficiary account credits,” he said.
Acting Head of Corporate Banking at Ecobank Nigeria, Segun Anjorin, acknowledged Deutsche Bank as a valuable partner.
According to him, the Client Excellence Award symbolises the strong partnership and collaboration between the two banks.
He reiterated Ecobank’s commitment to providing quality in payment efficiency and cash management, highlighting how STP implementation enhanced operational efficiency and ensured compliance with global payment standards.
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany.
The investment banking company, founded in 1870 in Berlin, is dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. (NAN)
NEWS
Foundation Unveils Project to Dismantle Barriers Against PWDs’ Access to Buildings
Cedar Seed Foundation (CSF), a disability inclusive organisation, has unveiled the Accessibility 365(A365) Hall of Fame and Shame project.
The project is to dismantle physical and social barriers preventing Persons With Disabilities(PWDs) from accessing buildings in Abuja.
The Foundation and its partners, Network of Women with Disabilities (NWD), Joint National Association of Persons with Disabilities (JONAPWD), and MacArthur Foundation made this known during the launch of the project in Abuja.
Executive Director and Founder, CSF, Lois Auta, said that the project underscored the need for inclusive infrastructure in Nigeria’s public spaces due to concerns about the inaccessibility of some public facilities to PWDs.
Auta said that a building is deemed inaccessible if it lacks ramps, elevators, dedicated parking space for PWDs and accessible restrooms.
She listed the Federal Secretariat, Abuja – Phase 1, Eagle Square Restaurant, Maitama General Hospital, and Newton Park Hotels and Resort, in Wuse Zone 4 as examples of buildings inaccessible to PWDs.
She listed others to include the National Open University of Nigeria Special Study Centre in Garki 2, and Farmcity Park in Wuse 2.
She also listed Wuse Market, Nwakpabi Plaza in Area 3, Children Amusement Parks and Zoo in Asokoro and St. Jude Catholic Church, Kubwa.
“A recent survey conducted by CSF on infrastructure accessibility in Abuja reveals the substantial challenges PWDs face in accessing public spaces despite national and international policies.
“This leaves PWDs to struggling for basic access. Many buildings in Abuja, including critical government and healthcare facilities, do not meet accessibility standards, highlighting the disconnect between policy and practice.
“The findings led to the development of two distinct ends of the accessibility spectrum,” she said.
According to Auta, while some buildings made it to the hall of shame, others made it to the hall of fame by keeping to the standards.
“Those in the hall of fame include Transcorp Hilton, Cedar Crest Hospital, Safehost Schools, Ecumenical Centre, British High Commission, and Millennium Park.
“Others are Tobix Garden, Drumstix, Standard Chartered Bank and Jabi Lake Mall,” she said.
She said that the primary goals of A365 are to advocate for stronger enforcement of accessibility policies, empower PWDs to become advocates and raise public awareness about the significance of accessible infrastructure.
She said through media campaigns, trainings sessions for women with disabilities and public advocacy, CSF had shown commitment to educating the public and holding duty bearers accountable for creating a truly inclusive society.
“By spotlighting both accessible and inaccessible public spaces in Abuja, we hope to inspire greater commitment to accessible standards across Nigeria.
“This is because without barriers, there is no disability. With our halls of fame and shame, we recognise the progress made and underline the work that still needs to done to make society accessible for everyone,” she said
The Finance Officer of CSF, Janet Alabede, said that under the Nigeria Disability Act 2018, several provisions ensured PWD’s equal access.
Alabede said that it aligned with the national Act, and the United Nations Convention on the Rights of Persons with Disabilities (CRPD).
He said that it offered additional guidance on accessibility, adding that despite the legislative strides, the real challenge lied in executing the mandates and ensuring impact in the daily lives of PWDs.
Ms NseAbasi Ufford, Communication and Programme Office, CSF, said that the A365 project focused on making infrastructure accessible by holding establishments accountable and recognsing those that set an example in the field of inclusivity.
Ufford said that it was also a call to action on government, private and Abuja residents to take action towards reinforcing accessibility standards, supporting accessibility improvement, and empowering PWDs.
CSF encouraged policy makers, community leaders and the general public to support the movement through advocacy, funding or collaboration to break down physical and social barriers and make Nigeria accessible for all.
This is to inspire a commitment to inclusive infrastructure, and to foster a collective sense of accountability, Ufford said.(NAN)
NEWS
Zamfara to Implement N70,000 Minimum Wage soon—HoS
The Zamfara Government says it will implement the N70,000 minimum wage very soon, the State Head of Service, Allhaji Ahmad Liman, has said.
Liman, who disclosed this at a press briefing in Gusau on Wednesday reiterated Gov. Dauda Lawal administration’s commitment to promoting the welfare of the civil servants in the state.
He said that Lawal has already promised to pay N70,000 minimum wage to the state civil servants.
“You know the state government set up a committee for the civil servants verification and that of the implementation of the 70,000 minimum wage.
“The two committees have been working day and night to complete the exercise,” he said.
Liman emphasised that the committee’s responsibility was to provide an accurate framework of civil servants data in the state for immediate implementation of the minimum wage.
“The welfare of workers is a top priority for our administration, I am very confident that the implementation of the new minimum is the top priority agenda of Gov. Lawal.
“The two committees conducting the ongoing exercises are expected to complete their work by the end of this month of November,” he stated.
Liman said that as soon as the committees complete their work and present their report to the governor he would approve the new minimum wage.
He said, “You know, the ongoing exercise is necessary to address various irregularities in the civil service sector inherited by the previous administration.”
The head of service mentioned ghost workers and over payment among the irregularities discovered at the ongoing verification exercise.
“We discovered a single general hospital in the state with 22 medical doctors receiving salary monthly,
“The ongoing exercise discovered only two doctors are real workers in that hospital, all the remaining 20 doctors were fake workers.
“There was also an issue of a secondary school teacher receiving N140,000 as his monthly salary, but the committee discovered that he was receiving N700,000,” he explained.
Liman further disclosed another issue of a medical doctor receiving N700,000 as his monthly salary but he was discovered by the committee receiving over N1 million.
“There are a lot of issues related to the civil service sector in the state, I believe at the end of the ongoing exercise, the details of the findings of the committee will be made available to the public.
“I am therefore appealing to the civil servants in the state to remain calm, the state government under Gov. Dauda Lawal is committed to their welfare,” he explained.(NAN)