NEWS
Nigerian Content Key to Meeting Renewed Hope Agenda –Lokpobiri
From Mike Tayese, Yenagoa
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of the key levers for actualizing the Renewed Hope Agenda of President Bola Tinubu’s administration.
The minister made the remarks during his tour of NCDMB facilities and projects in Bayelsa State.
He said the key mandates of the NCDMB, which are the promotion of in-country value addition in the oil and gas industry, incentivizing local manufacturing in the oil industry, development of human and material capacities and job creation, are major pathways for meeting the key aspirations of the current administration.
He hailed the Executive Secretary and the management of the Board for a sterling performance, highlighting the creation of the Nigerian Content Intervention Fund (NCI Fund) as one of the Board’s most impactful initiatives.
Lokpobiri noted that lack of access to affordable finance is one of the biggest challenges facing emerging players in the oil and gas sector, hinting that the NCI Fund which is administered by the Bank of Industry (BOI) will assist qualified oil and gas companies to access the capital they need to grow, build capacities, and create jobs.
Commenting after he toured the Nigerian Oil and Gas Park Scheme (NOGaPS) at Emeyal 1, in Ogbia Local Government Area of Bayelsa State, the Minister described the park project as a game changer in the nation’s drive to catalyze in-country manufacturing in the oil and gas and linkage sectors and job creation.
He promised that the Federal Government would support the NCDMB in every possible way to achieve its core mandates.
According to him, “Mr. President will do whatever he can to ensure that we achieve a lot more than had been achieved in the past from Nigerian Content. We are happy that Nigerian Content has made very strategic investments geared towards creating jobs.
“We need to redouble the achievements of the Board. We hope that NCDMB will help Nigerians to play a lot more prominent role in the oil and gas industry,” the minister said.
Referencing the ongoing plans by some international oil companies to divest from onshore and shallow waters and move to deep and ultra-offshore operations, Lokpobiri pointed out that indigenous companies have been able to step in and fill the openings courtesy of the systematic empowerment by the Board over the years.
“Nigerian companies are doing very well today, courtesy of the capacity-building strategies that were institutionalized by the NCDMB in the past years,” he asserted.
Lokpobiri extolled the Board for constructing and maintaining the iconic 17-storey Nigerian Content Tower and the 1000-capacity NCDMB Conference Hall.
He indicated that the aesthetics and ambiance of the facilities surpassed most locations across the world and called for the sustenance of the culture.
Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote, gave the Minister a brief history of the Board, successive stages undergone, the strengths and accomplishments of the Board to date.
On the NoGaPS project, the Executive Secretary mentioned that the Emeyal- 1 Park would be commissioned in the first quarter of 2024.
He attributed the slight delay in the execution schedule to the devastating flooding that hit several states in the second and third quarters of 2022.
Giving further updates on the project, Wabote announced that several manufacturing firms and other vendors had expressed interest in operating at the parks. He said the Board is currently screening the applicants to select serious firms for the Bayelsa and Cross River parks.
As part of the facility tour, the Minister and his entourage inspected the NCDMB Fire Station, Creche, the three-star NCDMB Conference Hotel under construction, the Nigeria Oil and Gas Park Scheme (NOGaPS) facility at Emeyal-1, the NCDMB gas power plant at Elebele, and the NCDMB Gas Hub at Polaku.
NEWS
Ododo Donates N35m for Takete-Ide Town Hall Project
From Joseph Amedu, Lokoja
Kogi State Governor, Ahmed Ododo has donated N35 million for the completion of the ongoing community Town Hall project in Takete-Ide Amuro, Mopamuro Local Government Area.
The governor also promised and reaffirmed his administration’s commitment to fix the Orokere-Ayede-Takete Ide road where the Owowo Bridge is located.
Ododo made the pledge over the weekend, at the 2026 Takete-Ide Amuro Centenary Celebration and Development Fundraising, where he was represented by the Speaker, Kogi House of Assembly, Rt.
Hon. Aliyu Umar Yusuf.The governor described the centenary as a celebration of 100 years of history, heritage and the remarkable journey of Takete-Ide Amuro since its settlement in its present location in 1926.
The governor commended the community’s spirit of self-help, noting that its first primary school, secondary school and health centre were built through communal efforts before government intervention.
He said the ongoing Town Hall and Palace projects were important initiatives that will strengthen community administration and preserve traditional heritage, pledging government’s support within available resources.
“On a personal note, I have released funds of N35 million towards the completion of the Town Hall project as my personal contribution to the development of this community,” Ododo said.
On infrastructure, the governor said he was aware of the deplorable condition of the Orokere-Ayede-Takete Ide road, particularly the Owowo Bridge, which had been brought to his attention by his cabinet member from the area.
“Our engineers are assessing the situation and I want to assure you that we will attend to the road in due course. When we make a promise, we are committed to ensuring that it is fulfilled,” he assured.
Ododo urged youths to sustain the legacy of communal development, embrace education and entrepreneurship, and called on sons and daughters in the diaspora to invest in the community.
He also urged residents to cooperate with security agencies and provide credible intelligence to safeguard lives and property.
The Chief Host and Chairman, Central Planning Committee, Hon. Kingsley Fanwo, who is also Commissioner for Information and Communication, said the centenary marked 100 years since the community moved to its present location in 1926.
He called for unity, noting that the community achieved its early schools and health centre through communal efforts.
The Alamuro of Amuro Kingdom, HRM Oba Alfred Modupe Aiyedogbon, said the celebration provided an opportunity to showcase the culture of the people and draw government attention to challenges, especially the bad road and bridge.
He urged communities to embrace self-help, noting that the government cannot do everything, and called for peace, saying Amuro remains one of the most peaceful communities in Kogi.
The Baale of Amuro Kingdom, Chief Eric Fiki, said the week-long event was to honour past heroes, celebrate the living and raise funds to complete the town hall and palace projects.
Fiki said the community believes in self-help but still deserves government presence, adding that the community is fully in support of Gov. Ododo and President Bola Tinubu.
The National President, Takete-Ide Progressive Union (TIPU), Prince Richard Fiki, said the centenary was about heritage, peace, love and unity, aimed at promoting culture and attracting investment and government intervention in agriculture and other areas.
Highlight of the occasion was conferment of honorary chieftaincy titles on personalities for contributions to community development, cultural displays and presentation of gifts to the Special Guest of Honour.
One of the recipients, Chief Adekunle Abogun, the Gbobaniyi of Takete-Ide, said giving back to the community should not wait until one has billions, stressing that the government cannot do everything and individuals must support health, education and infrastructure.
The celebration brought together government functionaries, traditional rulers, lawmakers and sons and daughters of Takete-Ide Amuro at home and in diaspora.
Business News
NELFUND Loan Improves Graduate’s GPA to 3.50
A graduate of the University of Maiduguri, Shianya Ebwaseh, said the Nigerian Education Loan Fund (NELFUND) helped improve her Grade Point Average (GPA) to 3.50 through financial support that enabled her to concentrate on her studies.
Ebwaseh, who graduated from the Department of Zoology, Faculty of Life Sciences, said this in an interview on Monday in Maiduguri.
She said financial difficulties had previously affected her academic performance, as she struggled to meet her daily needs while pursuing her degree.
The graduate said she resorted to selling fried chips and groundnuts on campus to support herself, sometimes missing lectures because of the time and energy required to run the business.
According to her, the introduction of NELFUND’s student loan scheme relieved her financial burden through tuition support and a monthly N20,000 upkeep allowance.
“Before NELFUND, I struggled with my GPA because of financial challenges. I sometimes missed lectures after spending hours frying and packaging chips for sale.
“But when NELFUND came, I stopped the business and concentrated on my studies. My GPA improved to 3.50, which is Second Class Upper,” she said.
Ebwaseh said the financial support also enabled her to attend lectures regularly, purchase learning materials and prepare adequately for tests and examinations without constant worries about money.
She added that her examination scores improved significantly after she began receiving the support, attributing the change to increased concentration and financial stability.
The graduate, who said she accessed the scheme in her third year, described the application process as simple and encouraged other eligible students to apply.
She also said the programme had helped financially disadvantaged students remain in school, particularly those whose parents could not afford tuition fees and upkeep.
Ebwaseh appealed to the Federal Government to sustain the initiative, emphasising that withdrawing the support could expose many students to financial difficulties and possible dropout.
She said the scheme had given beneficiaries an opportunity to pursue their academic ambitions with fewer financial distractions.(NAN)
Business News
FG Seeks Synergy Among Housing Agencies to Boost Housing Delivery
The Minister of Housing and Urban Development, Dr Muttaqha Darma, has called for synergy among government agencies in the housing sector to improve coordination and accelerate housing delivery.
Darma made the call in Abuja on Monday at the stakeholders’ conference on the proposed National Real Estate Regulatory Authority (NRERA).
The conference, themed “One vision, One Ecosystem, One National Housing and Real Estate Plan”, was organised by the Office of the Speaker, House of Representatives, and the House Committee on Housing and Habitat.
The minister said the lack of coordination among government agencies had affected the effective delivery of houses to Nigerians, noting that institutions in the sector operated independently.
“The players within the industry, all of us, operate in silos.
“Federal Housing Authority (FHA) does not even know what the Federal Mortgage Bank of Nigeria (FMBN) is doing. FMBN does not know what the Ministry of Finance Incorporated (MOFI) is doing,” he said.
According to him, the various institutions must work together towards a common goal rather than operate independently.
“Our target is to build houses for Nigerians. We are wasting our time because if we fail, it is us who fail, not the President,” he said.
The minister expressed support for the establishment of NRERA, saying the proposed authority would address the regulatory gaps in the real estate sector.
He said the ministry had reviewed the proposed legislation and recognised its potential to improve the sector.
Darma also disclosed that abandoned housing projects funded by the Federal Mortgage Bank of Nigeria (FMBN) across the country were worth about N38 billion.
He said a survey conducted by the ministry revealed abandoned FMBN-funded housing developments in every state of the federation, including the Federal Capital Territory.
“We realised about N38 billion of contributors’ money, your own money, all the Nigerian workers’ money. N38 billion is wasted,” he said.
He said that the poor management of workers’ contributions could discourage Nigerians from contributing to the National Housing Fund.
The minister urged the committee handling the proposed legislation to ensure that state governments were included in the regulatory framework.
He also called for safeguards to protect homebuyers, tenants, developers and mortgage lenders, including mandatory escrow accounts for buyers and standardised tenancy agreements.
The Managing Director and Chief Executive Officer of the Ministry of Finance Incorporated (MOFI), Dr Armstrong Takang, said effective regulation was necessary to restore investor confidence in Nigeria’s real estate sector.
Takang said the sector contributed 12.71 per cent to Nigeria’s Gross Domestic Product (GDP) as of June 2026, but remained largely unregulated.
He said the absence of a national licensing system had allowed unqualified individuals to operate as estate agents and developers without adequate accountability.
“Anyone can sell land, anyone can collect off-plan payments, run into tens of billions and get away with it. There are very few countries in the world where these are allowed,” he said.
He called for mandatory licensing of real estate operators and the protection of buyers’ funds through designated project accounts.
“An operator must be licensed with the authorities. No one should be operating in the real estate sector without a licence, no matter which part of the value chain they are involved in,” he said.
He added that buyers’ funds should be kept in protected project accounts and released to developers based on evidence of progress on construction.
Takang said effective regulation would attract domestic and foreign investment, protect citizens and support the Federal Government’s one-trillion-dollar economy target.
He urged the National Assembly to ensure the passage of the proposed legislation, describing it as critical to bringing order and transparency to the real estate sector.


