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FG, IOCs Urged to Release $5.6bn Owed NDDC

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Traditional rulers and youth groups from the Niger Delta have urged the federal government and multinational companies (IOCs) operating in the region to release the accumulated monies owed the Niger Delta Development Commission (NDDC) to enable the new Minister of the Niger Delta Affairs, Mr. Umana Okon Umana, to reposition and implement the newly developed roadmap for the commission.
The stakeholders alleged that under the former minister, Godswill Akpabio, NDDC was owed about $5.6 billion and N649 billion by the IOCs. They warned that the newly developed roadmap by the new minister to achieve the commission’s core mandates might not work if NDDC was not removed from its life support approach, saying what the commission receives on a monthly basis is just enough to pay employees’ salaries and office maintenance.

The stakeholders made up of traditional rulers, women and youth leaders, in a statement issued by their Secretary-General, Chief Anthony Loveday, noted that the call on the federal government and the IOCs was necessitated by the short time available to the administration of President Muhammadu Buhari and the worrisome reality that the roadmap developed by Umana might not be implemented without proper funding.
They restated their support for the expected rebranding of the commission, saying it would enable it to serve as a vehicle to drive the socio-economic development of the region.

The statement said, “The leadership must understand that time is of the essence, as millions of people across the region are languishing in abject poverty. Therefore, the federal government should match its words with action and release the funds owed to the NDDC and also direct the multinational oil and gas companies to release the monies owed the commission.
“We support the new policy directions and the expected rebranding of the commission under the ministerial leadership of Mr. Umana O. Umana. We are waiting on the FG to release the funds for the expected reforms to commence.
“We expect the reforms to lead to sound decisions on various issues affecting the people of the region, including the completion of the East-West road, and the review of various infrastructural development projects across the region.
“The Presidency should as a matter of urgency grant the NDDC new contracts awarding powers to enable the NDDC provide communities across the nine states in the region with empowerment and entrepreneurship training programmes in order to alleviate the sufferings of the people in the region, and to ensure payments of verified and completed contracts before the expiration of the tenure of President Muhammadu Buhari.”

Delay in NDDC Board Inauguration May Lead to Renewed Hostilities, Groups Warn

Meanwhile, a coalition of groups under the aegis of Community Development Committee of Oil and Gas Producing Areas of the Niger Delta (CDCOGPAND) and Oil Mineral Producing Communities Traditional Rulers Forum (OMPCTRF) have urged President Muhammadu Buhari to speed up the implementation and inauguration of the Board of Niger Delta Development Commission (NDDC).
The groups stated that continued delay in the inauguration of the board of the commission might lead to renewed hostilities in the region.
According to a statement jointly signed by Chairman, Board of Trustees of the coalition, Joseph Ambakederimo, and Head of Secretariat, OMPCTRF, Kingsley Arthur, the groups urged the Minister of Niger Delta Affairs, Umana Okon Umana, not to allow himself to be manipulated or give in to the shenanigans of those they referred to as buccaneers.

They urged the minister to follow the path of honour and due process to end the on-going illegality of administering NDDC with a sole administrator in violation of the NDDC Act.
According to the groups, “Looking at other appointments the president has made, particularly the recent appointment of the Managing Director for the Oil and Gas Free Zone Authority (OGFZA), Onne, in Rivers State, the swiftness at which the appointment was made calls to question why the NDDC board has become something of a ridicule to the people of the region.”

CDCOGPAND and OMPCTRF also drew attention to the directive issued by the president for a forensic audit of Hydrocarbon Pollution Remediation Project (HYPREP) “without dissolving the board of the HYPREP or appointing an interim sole administrator to run the affairs of HYPREP while the audit will last.”
In the case of NDDC, the groups noted that a substantive board had been delayed even after the forensic audit had been concluded.
The groups also stated that the president did not appoint an interim sole administrator to run the affairs of the OGFZA.
“A substantive appointment was quickly made which has made the OGFZA appointment the swiftest appointment ever made in seven years of this administration,” the groups added.
They groups asked Umana to explain what was delaying the NDDC Board inauguration, and sought to know, “why the NDDC board inauguration is being handled in such a lackadaisical manner, and why are the people of the region seeming so weak that they can’t resist this treatment of slavery by our own people?”

According to the groups, there has been “two financial years’ budgets of the NDDC approved by the National Assembly amounting to N799 billion, which has been brazenly mismanaged with no repercussions meted out to persons, the resources of the commission are allegedly pilfered on a daily basis with some used to lobby people in this government to get extension of tenure in order for them to continue the illegality of the on-going contraption and pillage of the collective resources of the region.”
CDCOGPAND and OMPCTRF, however, noted that the people of Niger Delta were happy that Umana was given the headship of the Ministry of Niger Delta Affairs and by extension the responsibility to supervise the NDDC.

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Businesses count losses amid power outage in Bauchi, Gombe, and Jigawa

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Business owners in Bauchi, Gombe and Jigawa are recording losses due to week-long blackout ocassioned by vandalism of the power transmission line in parts of northern Nigeria.

The sudden disruption in electricity supply in the past days, also affected essential services such as water, sanitation, street lighting and healthcare delivery as most hospitals have been operating without light.

Some of the affected businesses including shop keepers, millers and artisans, who spoke while reacting to a survey by the News Agency of Nigeria (NAN), described the situation as “pathetic”.

The survey examined the perennial collapse of national grid and the need for alternative power supply in the country.

Rice millers in Gombe had decried the impact of the erratic power supply on their businesses.

A Miller, Musa Arab, at Nassarawo Industrial Layout in Gombe, said the trend was crippling their operations as they relied on electricity supply from the grid to process paddy.

He said the mills were not operational power outage as they could not afford exorbitant pump prices of petrol or diesel to run their machines.

This, he said, reduced the volume of rice supply to the market and posed serious challenge to food security.

“We must invest in power because it is the biggest determining factor for industries to thrive.

“I have over 20 workers in my mill, and we have 100 mini rice mills here, so you can imagine those who have no jobs for the past 10 days.

“Government must go tough on those responsible for the perennial grid collapse because some persons may be benefitting from it,” he said.

Also, Yusuf Ibrahim said the situation might trigger the already fragile inflation, as prices of local varieties would shot up ocassioned by the diminish supply.

He said that some had jerked up their charges to cover the expenses on diesel thereby affecting rice prices.

A check by NAN at the Gombe Main market showed that a 100 kilogramme of rice was sold for between N120,000 and N160,000, as against N110,000 and N150,000, before the blackout.

Mr Usman Sani, a rice dealer, attributed the hike in price to low supply of the produce to the market in spite of the number harvest recorded this cropping season.

He said the prices had decreased slightly at the onset of the harvest, however, it showed sprawling increase due to power outage.

“The price of rice is already dropping as a result of harvest but the trend reverse since the blackout in the past days “ he said.

Ugochukwu Daniel, a bartender in Bauchi, decried the epileptic power supply in the country, adding that lack of durable energy supply would retard Nigeria’s quest to attain social and economic greatness.

Daniel said that she spent much on fuel to run power generator for refrigrator and lightening the beer parlour, to enable her to keep the business running.

He said that businesses could only thrive in an enabling environment with stable electricity supply, to enhance wealth creation and reduce poverty among Nigerians.

“My trade is about chill drinks and it survives on electricity to operate otherwise you will out of bussiness.

“Without electricity there is nothing you can do, and not only business but about everything. We depend on it,” he said.

Similarly, Samuel Adamu, said the persistent power outage had forced him to patronised charcoal for ironing clothes in spite of its high cost and cumbersome processes.

He said that most cleaners in the area had resorted to fabricated iron charcoal in spite of hike in its prices which suddenly jumped from N5,000 to N15,000.

Adamu said the situation also encouraged division of labour in laundry to cut cost and make some gains.

“Presently, I do wash the cloth, and engage someone for ironing. The charge is N300 per set as against N150”.

While advocated development of renewable energies to enhance power supply in the country, Adamu urged security agencies to entensify efforts towards electrical installations in the country.

In the same vein; Mr Muhammad Adamu, Chairman, Jigawa State House Assembly Commitee on Power and Energy, said the Jigawa Electricity Law 2024, made sound provisions to improve power generation and distribution in the state.

This, he said, was an offshoot of the devaluation brought about by the 5th alteration of the constitution, where removed power from the executive legislative list and to the concurrent list.

“It empowered the state houses of assembly to enact laws on power.

“The committee has also carefully pursued the bill and reviewed its structure and the promise it holds for the state power sector, infrastructure and the overall economy of the state.

“The new law will pave way for the establishment of Jigawa Electricity Commission, to regulate the state’s electricity market,” he said.

According to Adamu, the law will protect residents and investors in the energy sector through ensuring prepaid meter installation and possibility of recouping investor’s funds as well as address vandalism.

“The law will lead to provision of reliable, affordable and sustainable power, essential for development of all sectors of the economy, particularly in rural areas,” Adamu said.

“Vandalism will be over because we pay Kano Electricity Distribution Company (KEDCO) money for powered supplies, but whenever there is problem of damages or broken down transformers, it is either the communities or individuals that pay for the repairs”.

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Mercedes urges delay of EU tariffs on Chinese electric vehicles

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Mercedes urges delay of EU tariffs on Chinese electric vehicles

The head of German luxury carmaker Mercedes-Benz, has called for the European Union to de-escalate the dispute with China over tariffs on electric cars.

“We need more free trade instead of new trade barriers.

“That is why it is important to find a solution that suits both the EU and China,” chief executive Ola Källenius told the Monday edition of Bild newspaper.

“The negotiations for this take time. In order not to jeopardise them, the EU should postpone the enforcement of the planned tariffs,’’ he said.

At the start of the month, a majority of EU countries paved the way for additional tariffs of up to 35.3 per cent on battery-powered electric vehicles imported from China.

Germany, however, voted against the measure amid concerns over retaliatory actions which could hurt the country’s giant car industry.

The European Commission had pressed for extra tariffs after an investigation accused Beijing of subsidising domestic electric car manufacturers, and thus distorting the market in the EU.

But whether the import tariffs would actually come into force at the beginning of November is still up to the commission.

The plans can still be dismissed if Brussels reaches a solution with China at the negotiating table.

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ACCI moves to promote business connections, balance work-life

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ACCI moves to promote business connections, balance work-life

The Abuja Chamber of Commerce and Industry (ACCI), is taking innovative steps to enhance professional relationships and promote a healthy work-life balance.

The President of ACCI, Dr Emeka Obegolu, said this in a statement on Tuesday in Abuja.

Obegolu said ACCI was committed to creating environments where professionals could connect beyond the confines of traditional boardrooms.

He said the upcoming “Business Meets Golf’’ Tournament epitomises this vision.

“Scheduled for Oct. 18 to Oct 19 at the IBB Golf Club, the tournament will gather industry leaders, top executives, and key decision-makers for a unique networking experience.

“This two-day event aims not only to strengthen business ties but also to foster partnerships that can drive economic growth.

“The ACCI’s initiative reistates the importance of maintaining a balance between professional achievement and personal well-being.

“By encouraging corporate cultures that prioritise relaxation and self-care, the Chamber acknowledges that such balance is vital for productivity and overall success,” he said.

According to Obegolu, the event will feature a range of activities designed to facilitate both business engagement and relaxation.

“Highlights include a Business-to-Business (B2B) cocktail on the first day, followed by the golf tournament and additional networking opportunities on the second day.

“The tournament will culminate in an awards ceremony recognising outstanding golfers among the participants.

“‘Business Meets Golf’ exemplifies our dedication to fostering innovative networking opportunities.

“We aim to create spaces for meaningful discussions that can lead to impactful collaborations,” Obegolu said.

The ACCI boss said in addition to promoting business connectivity, the council aimed to restate the importance of relaxation and a balanced lifestyle.

Obegolu said through events like this, the Chamber continued to play a pivotal role in supporting trade and industry in Nigeria while driving sustainable growth within the private sector.

He said to raise awareness about this landmark event, ACCI was partnering with the News Agency of Nigeria (NAN) and Media Trust Limited, to ensure broad visibility and engagement from leading brands.

The Abuja Chamber of Commerce and Industry (ACCI), is taking innovative steps to enhance professional relationships and promote a healthy work-life balance.

The President of ACCI, Dr Emeka Obegolu, said this in a statement on Tuesday in Abuja.

Obegolu said ACCI was committed to creating environments where professionals could connect beyond the confines of traditional boardrooms.

He said the upcoming “Business Meets Golf’’ Tournament epitomises this vision.

“Scheduled for Oct. 18 to Oct 19 at the IBB Golf Club, the tournament will gather industry leaders, top executives, and key decision-makers for a unique networking experience.

“This two-day event aims not only to strengthen business ties but also to foster partnerships that can drive economic growth.

“The ACCI’s initiative reistates the importance of maintaining a balance between professional achievement and personal well-being.

“By encouraging corporate cultures that prioritise relaxation and self-care, the Chamber acknowledges that such balance is vital for productivity and overall success,” he said.

According to Obegolu, the event will feature a range of activities designed to facilitate both business engagement and relaxation.

“Highlights include a Business-to-Business (B2B) cocktail on the first day, followed by the golf tournament and additional networking opportunities on the second day.

“The tournament will culminate in an awards ceremony recognising outstanding golfers among the participants.

“‘Business Meets Golf’ exemplifies our dedication to fostering innovative networking opportunities.

“We aim to create spaces for meaningful discussions that can lead to impactful collaborations,” Obegolu said.

The ACCI boss said in addition to promoting business connectivity, the council aimed to restate the importance of relaxation and a balanced lifestyle.

Obegolu said through events like this, the Chamber continued to play a pivotal role in supporting trade and industry in Nigeria while driving sustainable growth within the private sector.

He said to raise awareness about this landmark event, ACCI was partnering with the News Agency of Nigeria (NAN) and Media Trust Limited, to ensure broad visibility and engagement from leading brands.

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