Home Blog Page 1985

What Deregulation Of The Downstream Oil Sector Mean?

0

The Petroleum Industry Act (PIA) which provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities and related matters, marks the beginning of a new era in the growth and development of the entire oil and gas industry.

Deregulation is one of the main highlights of the PIA…deregulation of the downstream sector is the opening of the downstream sector in the oil and gas industry to competition where players are to participate at every segment of the value chain and the removal of entry barriers in the supply and distribution of petroleum products.

The Minister of State for Petroleum Resources, Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development of the country.

He said it was unrealistic to continue to subsidise the Premium Motor Spirit (PMS) also known as petrol as it had no economic value. However it will not happen too soon.

CAC Unveils New Business Registrations

0

The Registrar-General, Corporate Affairs Commission (CAC), Garba Abubakar, has disclosed that two new forms of business registrations which were provided for by the Companies and Allied Matters Act (CAMA) 2020 will be available to Nigerians by the end of August.


Abubakar said the Limited Partnership (LP) and Limited Liability Partnership (LLP) were becoming increasingly desirable across various jurisdictions around the world.

Registrar-General, Corporate Affairs Commission (CAC), Garba Abubakar


The CAC boss also doused customers’ concerns over the commission’s denial of certain names for registration, adding that such rejected names had security implications while others were deceptive or abstract.

He therefore advised customers to always approach the commission with fully qualified names that equally agree with objects of the association or organisation applying for registration.

The registrar general who also used the forum to highlight the commission’s ongoing reforms stated that filing of statement of affairs and biannual statements were now conducted seamlessly on the companies registration portal.

He added that all but two forms of post incorporation filings were now available online 24 hours a day on the company registration portal.

Abubakar stressed that the CAC no longer entertain filing of share transfer as it was alien to the law, pointing out that information on Person with Significant Control (PSC) was available free of charge on the CAC website inline with global anti-money laundering requirement.

PIA Does Not Translate Increase In Petrol Price – PPPRA

0

The Petroleum Products Pricing Regulatory Agency (PPPRA) says the implementation of Petroleum Industry Act (PIA) does not mean automatic increase in the pump price of petrol in the country.

The Executive Secretary of the Agency, Abdulkadir Saidu, disclosed this in a statement in Abuja on Sunday.

“There is no gainsaying that the PIA signals the implementation of full deregulation of the downstream sector.

“However, it remains worthy of note that the PIA does not automatically translate to any immediate increase in the price of PMS.

“The current price will remain until a negotiation with organised labour, which will develop a feasible framework that minimises the impact of a Market-Based pricing policy on the masses, is concluded,’’ he said.

Meanwhile In A Press Briefing Minister of State For Petroleum Resources Timipre Sylva Reiterated The Same.

FCTA Flags off Online, Multimedia Learning In Secondary Schools

As part of efforts to provide quality education in Nigeria’s capital in accordance with the global best practice, the authority of the Nigerian Federal territory administration has flagged off capacity building for key Education officers on Online and Multimedia Education.

The exercise which commenced with the Training of Trainers on Online and Multimedia Education for Officers of Education Boards and Departments, Heads of School and Teachers had two hundred and seventy participants in attendance.

Speaking while flagging off the exercise, the FCT Permanent Secretary, Olusade Adesola disclosed that, the use of ICT in the classroom is giving both teachers and learners new frontiers in teaching and learning attractively in and out of the classroom.

Adesola further stated that Online and Multimedia education has provided a way out for mitigating the challenge of the learning gap created by the pandemic and any other similar eventualities.

Adesola who was represented by the Director office of the permanent secretary, Udom Samuel Atang, said information and communication technologies are challenging the traditional process of doing things in every aspect of life in today’s world.

The Permanent Secretary also revealed that the inadequacy of infrastructure and low capacity of the educators exacerbated pre-existing education disparities by reducing the opportunities for many of the most vulnerable children, youth, and adults especially those living in poor or rural areas.

According to him, “Traditional methods of education delivery and management is been discarded for new technologies in developed economies that we are all aspiring”.

” If we are aspiring to be an envious nation we cannot afford to continue doing things in the same way and expect better results”.

” This, we will continue to do leveraging on the partnership provided by developing partners such as KOICA, UNICEF and others as well as the federal ministry of education”, he added.

Adesola also commended the partnerships of development partners like UNICEF, KOICA, and the Federal Ministry of Education who he said have always provided the needed support to take education in FCT to an enviable status.

While appealing to the participants to take the training very seriously so that they will be able to translate same to others, Adesola said the administration hopes that the outcome of the capacity building will trigger greater efficiency for the FCT Educators in lesson delivery and yield improved performance of the children.

The capacity building received by these educators is being stepped down to 272 education officers made up of 32 key officers of education Boards, departments, and 240 heads of schools and teachers from selected 48 public schools on online and multimedia education.

These sets of officers when trained are expected to step down same to other educators at their boards and department and schools.

Nigerian Govt, Yobe State To Establish 3 Livestock Centres with N12bn

The Federal and Yobe Government have set aside N12 billion for the establishment of three integrated livestock development centres in the three senatorial districts of the state.

Yobe Pilot Livestock Development Programme, Dr Idrissa Madaki, Manager, made this known in an interview in Damaturu on Monday.

Madaki said the programme is aimed at increasing value chain in livestock products such as beef, dairy, hides and skin; curb farmers and herders clashes; provide basic infrastructure such as clinics, skill acquisition centers, schools to increase nomadic girl child education, among others.

‘It will also minimise farmer/herder clashes. Research has also shown that if a cow is settled in one place, it can give birth to one calf every year as against one calf in about three years.

”Domesticated animals are more healthier than stray animals because they are well fed with nutritious diet,” Madaki said.

The manager said the state government designated three grazing reserves of Badegana, Gurjaji and Jakusko-Nasaru for the project.

Madaki said that the centres would have veterinary clinics, administrative blocks, boreholes, milking points, schools, artificial insemination unit, warehouses, fishponds, staff and farmers training sections.

Falana Requests The Release Of N6bn To States For Ranching

0

Human rights lawyer, Femi Falana (SAN), has called on President Muhammadu Buhari to approve the allocation of N6 billion to all states government in the country for ranching development purposes, just as he did for his home state of Katsina.

In a statement issued on Sunday, Falana stated this stressing that ‘what is good for the goose is good for the gander’. He said his demand is in consonance with Section 17 (1) of the constitution, which stipulates that the people of Nigeria shall have equality of rights, obligations and opportunities before the law.

Falana also drew attention of the federal government to the position of the law that while the land in the Federal Capital Territory (FCT) is vested in the president, the land in the each state of the federation is exclusively vested in the governor pursuant to the provisions of the Land Use Act, Cap. L5, Laws of the Federation of Nigeria, 2004.

He maintained that the federal government has no business reviving ‘grazing reserves’ on its own as it doesn’t control land use.

The Lagos-based laywer advised that instead of chasing the shadows of grazing reserves, the federal government should support the state governments to develop ranches on its own as it has done in Katsina State as a solution to the problems arising from the obsolete agricultural practice of open grazing.

The statement read: “On July 16, 2021, it was disclosed that President Muhammadu Buhari had approved the sum of N6.25 billion for the immediate establishment of ranching in Katsina State. The disclosure was contained in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, in Abuja.

“In confirming the disclosure, the Katsine State Governor, Aminu Bello Masari, said ‘the president has graciously approved the sum of N6.25 billion for ranch development purposes in Katsina State. Part out of this amount, N5 billion, is already in the account of the state government and within few weeks, you will see advertisement calling for interested companies and consultants that will participate in construction.”

“The implication of the special allocation of the sum of N6.25 billion to the Katsina State Government is that President Buhari has adopted ranching to replace open grazing in line with the National Livestock Transformation Plan of the federal government.

“However, since what is good for the goose is good for the gander, we call on the president to approve the allocation of the same sum of N6.25 billion for every other state government for ranch development purposes. This demand is in consonance Section 17 (1) of the Constitution which stipulates that the people of Nigeria shall have equality of rights, obligations and opportunities before the law.

“However, since the Northern Governors Forum and the Southern Governors Forum have rejected open grazing and adopted the National Livestock Transformation Plan of the federal government, including ranching the Alliance on Surviving COVID-19 and Beyond, it’s compelled to urge President Buhari to jettison the planned implementation of grazing reserves in 25 states. It is time the attention of the federal government was drawn to the position of the law to the effect that while the land in the FCT is vested in the president, the land in each state of the federation is exclusively vested in the governor pursuant to the provisions of the Land Use Act, Cap. L5, Laws of the Federation of Nigeria, 2004.”

Gov. Fayemi Evacuates 28 Students Trapped in Plateau

The Ekiti State Government has evacuated 28 students, who are indigenes of the state from crisis spots in Jos, Plateau State following the security challenges prevalent in the North-central state in the past week.

The Ekiti State Governor, Dr. Fayemi, who disclosed this through the Commissioner for Information, Hon. Akin Omole, in a statement in Ado Ekiti on Monday, revealed that the operation was carried out with the support of security agencies.

Fayemi added that all the young Ekiti sons and daughters are in good health, and delighted to be reunited with family members alive and well.

The governor clarified that the mission was led by the Special Assistant to the Governor on Youth and Student Matters, Moses Ademiloye, who safely returned to Ado Ekiti, Sunday night with the young indigenes.

The statement said: “On hearing of the plight of the stranded young Ekiti indigenes, Governor Fayemi spared no cost in facilitating the logistics and security required for their safe evacuation in line with the government’s commitment to the welfare, safety, and security of all Ekiti indigenes at home and abroad.”

Fayemi stated that his government remains committed to safety, peace, and security in the state, and helping Ekiti indigenes outside the state to the best of the state’s abilities.

The statement quoted one of the affected persons, Aina Tolulope, as being ecstatic in her appreciation of the governor’s efforts.

“We appreciate the governor for coming through for us when we felt all hope was lost, because of the suspension of academic activities, the curfew imposed and general state of insecurity.

“I am very happy to be home, and I am proud to be from Ekiti State, and happy that we have a governor who goes the extra mile to ensure no one is left behind. He has demonstrated expertise in governance, and shown himself to be a father, and a loving person,” she said.

Developers To Revive 1927 Mississippi Hotel

2

Developers say they plan to revive and reopen a Mississippi hotel that was built in 1927 and is listed on the National Register of Historic Places.

Groundbreaking for the renovation of the Eola Hotel in downtown Natchez is expected to take place in the first quarter of 2022, the Natchez Democrat reported.

The project is labeled Project Phoenix, symbolic of the once-popular luxury hotel “rising from the ashes,” Mayor Dan Gibson said during a news conference Thursday.

Endeavour Corp. is the development group behind the project. Virginia Attorney Robert Lubin bought the Eola in 2014 and retains partial ownership.

Hayes Dent is president of Public Strategies and an affiliate of Endeavour.

Dent said he and Endeavour owner Randy Roth have been working with a major hotel chain to make the project possible, but did not name the chain.

The group has also partnered with Kevin Preston of the Magnolia Bluffs Casino & Hotel.

Dickie Brennan, the owner of Dickie Brennan’s Steakhouse in New Orleans, will be in charge of food and beverage operations at the new Eola.

The Eola was added to the National Register of Historic Places in 1979. The hotel reached its height of popularity the early 1930s, when Natchez started pilgrimage tours of antebellum homes.

It ceased operating as a hotel in 2014.

Dakar Flood Leaves Thousands Homeless

Thousands of people have been rendered homeless after a storm brought down nearly a year’s worth of rainfall in a single day and turning roads into rivers in the Senegalese capital, Dakar.

The Orsec plan, Disaster Relief Plan (Orsec) has officially been launched in Senegal to deal with the floods that are affecting certain areas in the suburbs of Dakar and inland.

The Interior Minister, Antoine Félix Abdoulaye Diome visited the areas affected by heavy rainfalls. He announced the deployment of a first batch of equipment to help clear the water in the most affected areas which consisted dispatching about fifty water cleaning trucks to the field as well as 150 motor pumps.

He also confirmed that “The floods of Dakar, Senegal are a yearly occurrence. Last September, homes were ravaged, livestock swept away by the waters. The rains were exceptional. But people criticize the management of these floods, which recur every rainy season.”

Likewise last year, the Minister of the Interior promised pumping equipment, before reflecting on permanent solutions after the last winter.

A ten-year flood management plan was launched in 2012, with a budget of approximately 750 billion CFA francs (more than one billion euros). Many however demands accountability as the situation still proves unresolved.

Berlin’s Neue Nationalgalerie Revives, Described As Brilliant Comeback

0

Berlin’s Neue Nationalgalerie, an iconic modern art museum designed by Bauhaus pioneer Ludwig Mies van der Rohe, reopened to the public Sunday after a six-year refurbishment of the glass-fronted building.

Germany’s culture minister, Monika Gruetters, said during a celebration ceremony held Saturday that the occasion marked the museum’s “brilliant comeback as a pilgrimage site for lovers of modern art and as a stage for contemporary artists.”

British architect David Chipperfield oversaw the extensive refurbishment of the steel-and-glass structure, a project that cost 140 million euros ($164 million).

Mies van der Rohe was the last of three directors of the Bauhaus school of art and design, which started work in 1919 and was forced to shut down shortly after the Nazis came to power in 1933. He later emigrated to the United States.

The Neue Nationalgalerie was Mies van der Rohe’s only post-World War II building in Germany.

It was built in then-West Berlin, not far from the Berlin Wall that divided the city for much of the Cold War. The museum opened in 1968, the year before the architect’s death.

Berlin Mayor Michael Mueller said that, shortly after the Wall was built, the building, with its transparent facade, stood for “progress, the avant-garde and modern, openness and internationality,” news agency DPA reported.

The museum is reopening with three exhibitions: a selection of key works from its collection, a show of works by sculptor Alexander Calder, and another dedicated to film and media artist Rosa Barbra.

Berlin is creating more space to show its contemporary art collection by building a new “Museum of the 20th Century” next door to the Neue Nationalgalerie.