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Senate Chides IOCs For Neglecting Petrochemicals

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The Nigerian Senate has criticised international oil companies for not investing in the petrochemical industry.

The Chairman, Senate Committee on Local Content, Natasha Akpoti-Uduaghan, said the committee would invite the international oil companies on the need to invest in petrochemicals.

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Petrochemicals refer to a wide range of other products made from petroleum, including plastics, fabrics, fertilisers, paints, and medicines.

The global petrochemicals market size was valued at $619bn in 2023 and is expected to grow at a compound annual growth rate of 7.3 percent from 2024 to 2030, a report by Grand View Research has revealed.

READ ALSO: Reps Meet Tompolo, Inspect Arrested Vessels

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According to a statement on Friday by the Nigerian Content Development and Monitoring Board, Akpoti-Uduaghan spoke at a meeting with the NCDMB in Abuja.

“The committee chair criticised the international oil companies in Nigeria for not investing in the petrochemical sub-sector and other associated manufacturing activities, whereas IOCs in other oil-producing jurisdictions make such investments and contribute significantly to those economies.

“She announced that the committee would invite the IOCs and other relevant agencies of government, with a view to compel the companies to create tangible value in the Nigerian economy beyond the extraction and sale of crude oil,” the statement read partly.

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Akpoti-Uduaghan was quoted as saying, “We need to get them round the table and tell them what we want as a country as against watching them export crude oil only.”

READ ALSO: Canada Appoints Nigerian As Brampton Business Ambassador

She assured all that the committee would not antagonise the board and other entities under its supervision but would collaborate towards effective implementation of the board’s mandate for the benefit of Nigerians.

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She had expressed concern “over the parlous state of the economy, particularly the alarming level of unemployment which has fuelled an increase in criminality”.

The Senator emphasised the need to deepen the implementation of the Nigerian Oil and Gas Industry Content Development Act, to create employment opportunities from the activities in the oil industry and catalyse other sectors of the economy.

READ ALSO: CHEATERS: How DisCos Over-bill Customers By N105bn In 9 Months

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The Kogi Central lawmaker had requested the board to submit performance reports on the implementation of the NOGICD Act, specifically on the Board’s third-party investments, capacity-building programmes, expatriate quota management and research and development, while seeking recommendations on the sections of the NOGICD Act that needs to be amended by the National Assembly.

In his comment, the Executive Secretary NCDMB, Felix Ogbe, explained that most oil conglomerates have different arms, which include the downstream companies which make such investments in the petrochemicals and linkage sub-sectors.

He, however, noted that most operating companies in Nigeria do not have such subsidiaries in the country, hinting that the board is willing to support indigenous firms that are interested in such ventures.

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Ogbe said, “The board lacked the mandate to compel the IOCs to change their business model in Nigeria, but was collaborating with some oil companies to develop the Nigerian Oil and Gas Parks Scheme which is designed to manufacture oil and gas equipment and components as well as other manufacturing and research and technology programmes”.

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Diri Approves Automatic Employment For UAT First Class Graduates

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Governor of Bayelsa State, Senator Douye Diri, has offered automatic employment to First Class degree graduates of the University of Africa,  Toru-Orua (UAT), in Sagbama Local Government Area of the state.

In a statement, the Chief Press Secretary to governor, Daniel Alabrah, said Diri made the announcement on Saturday at the maiden combined convocation ceremony of 2020/2021, 2021/2022, 2022/2023 and 2024 academic sessions of the university.

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Diri said the gesture was part of measures to check the brain drain syndrome.

The governor said the gesture had been replicated in other state-owned tertiary institutions such as the Niger Delta University, Amassoma, in line with his administration’s policy to prioritise education and boost human capital development.

READ ALSO:Tinubu, Akpabio, Abbas, Diri, Makinde, Eno, Labour Leaders, Others To Grace NUJ @70 Celebration

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Congratulating the graduands, the governor praised his predecessor, Senator Seriake Dickson representing Bayelsa West, for his vision and political will in establishing the UAT, which he noted was meeting the educational needs of the state and beyond.

“ln line with our government’s policy, all First Class graduates of UAT will be offered automatic employment to ensure that we do not lose our best brains.

“This first combined convocation ceremony of UAT is momentous and historical. When l took over as governor, l had a lot of presentations, which included closing down the UAT. But l came to the inescapable conclusion that rather than shutting it down, l opted to establish more because education remains our number one priority.”

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As Visitor to the UAT, Diri announced the appointment and investiture of Dr. Nwachukwu Nnam Obi III, Ogba of Ogbaland in Rivers State, as the institution’s Chancellor.

READ ALSO: PHOTOS: Jonathan, Diri, Obi, Others Grace Clark’s Commendation Service

Responding to the challenges presented by the Vice Chancellor, Diri said government will continue to address them through collaborative efforts and urged the institution to explore funding modules towards generating income.

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While assuring that the auditorium and Senate building projects would be completed before the end of his tenure, the state’s chief executive promised that government would also address the problem of staff accommodation and that transport vehicles will be provided to ease the challenges faced by workers and students at UAT, NDU and the Federal University, Otuoke.

On the institution’s power needs, Diri said when the 60mw independent power plant procured by the government becomes functional, it would cover the university’s location.

In his remarks, the Vice Chancellor, Prof. Solomon Ebobrah, announced that 66 were awarded first class degrees out of the 905 graduands of the four academic sessions.

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He expressed appreciation to the Diri administration for its increased monthly subvention to the UAT and listed a number of challenges to include uncompleted auditorium and Senate buildings, lack of perimeter fencing, power supply, staff accommodation, lecture theatres, teaching and non-teaching staff office accommodation among others.

In his remarks, the Pro Chancellor and Chairman, Governing Council, Barr. Kemela Okara, equally expressed gratitude to government for its support towards the successful accreditation of all programmes by the National Universities Commission.

 

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Aiyedatiwa Proposes Death Penalty For Kidnappers

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In a bid to eradicate kidnapping in the state, the Ondo State Government has proposed a death sentence for whoever is found guilty of kidnapping in the state.

The Attorney-General and Commissioner for Justice in the state, Dr Olukayode Ajulo, SAN, disclosed this while speaking with journalists on Saturday after the weekly state executive council meeting.

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It was gathered that the state governor, Mr Lucky Aiyedatiwa presided over the meeting.

Ajulo said the proposal would soon be transmitted to the state House of Assembly for necessary legislative action.

READ ALSO:Ondo Monarch Reacts To Rumour Of Threat To Attack Catholic Church

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He said, ”Kidnapping and cultism have become major threats to safety and public order and strengthening relevant legal frameworks would help deter such crimes and improve the overall security landscape.

”The proposals would soon be transmitted to the House of Assembly for necessary legislative action, including sentencing convicted kidnappers to death.”

Also speaking, the Special Adviser to the Governor on Infrastructure, Lands and Housing, Engr. Abiola Olawoye, revealed that the Executive Council approved the construction of two major dual-carriageway road projects in the state.

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According to him, the first is the construction of a 24.75-kilometre dual carriageway from Ugbeyin Junction – Okitipupa Market – OAUSTECH – Ugbonla Junction – Igbokoda Jetty.

READ ALSO:Tension As Gunmen Threaten Attack On Catholic Church In Ondo

“The road will feature a 9.3-metre wide carriageway on both sides, a 1.2-metre median, concrete line drains, walkways, asphaltic shoulders in undeveloped areas, a 3-metre utility area, and solar-powered streetlights along the median. The entire road corridor is 28 metres wide, with a total right of way of 40 metres. It will also include modern traffic lights at critical intersections and is designed to carry heavy traffic with a reinforced pavement structure.

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”The second project is the construction of a 6.7-kilometre dual carriageway from Supare Junction – Akungba – Ikare Road in Akoko area of the state. The specifications are similar, including a 9.3-metre carriageway on either side, 1.2-metre median, reinforced concrete line drains, walkways, a 3-metre utility area, solar-powered streetlights, and traffic management systems. It is also built to withstand heavy vehicular movement.

“In addition to these, the council approved the provision and installation of 6,000 standalone solar streetlights across the three senatorial districts—2,000 each for Ondo North, Ondo Central, and Ondo South. This is part of the state’s agenda to improve safety and public lighting infrastructure.”

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Sokoto Gov, Aliyu Met With Bandits, Gives Reason

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The Sokoto State Governor, Ahmed Aliyu, has said the government’s engagement with repentant bandits is a deliberate step towards achieving genuine reconciliation and lasting peace in communities ravaged by insecurity.

In a statement on Friday by his Special Adviser on Security Matters, Col. Ahmed Usman (rtd.), Aliyu said his administration’s peace efforts were guided by a genuine desire to end the cycle of violence, not by weakness or fear.

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Usman was responding to recent criticisms by a social media commentator, Basharu Giyawa, who questioned the rationale behind ongoing peace overtures to armed groups willing to lay down their weapons in the state.

He noted that Giyawa had previously expressed willingness to act as a mediator between the government and the armed elements, making his current criticism contradictory.

READ ALSO:Despite N10m Ransom, Bandits Kill Wife, Hold Husband Hostage

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According to Usman, the administration is not negotiating from a position of weakness, but rather implementing a balanced, human-centered approach to end years of violence that have devastated communities in Rabah, Goronyo, Isa, Sabon Birni, and other local government areas.

Our meeting with bandits is for genuine reconciliation. It is a strategic decision aimed at restoring peace and rebuilding communities destroyed by years of armed attacks.

“Our people are living with the daily trauma of displacement. Farmers have abandoned their fields, food production has collapsed, and economic life has been crippled. The impact is visible in rising food prices and growing insecurity,” he noted.

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Usman clarified that only those who show sincere commitment to peace, and agree to strict rehabilitation and monitoring, would be considered for dialogue.

READ ALSO:Army Kills Two Suspected Bandits In Plateau

He maintained that security forces remained actively deployed where necessary, and that dialogue was only extended to those who sincerely wish to renounce violence and undergo strict rehabilitation and monitoring.

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Usman stressed that the dialogue was part of a broader security strategy that still involves the active deployment of security forces across volatile areas.

This is not appeasement. It is a human-centred approach to peace and development.”

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