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Construction Begins At Midoil Refinery, Lagos

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Midoil Refining and Petrochemicals Company Limited has finally performed the turning of sod ceremony, marking the commencement of construction activities in Lagos.

The turning of the sod took place at Shekungba, Ikosi/Ejinrin Local Council Development Area of Lagos State recently.

The Executive Chairman of Midoil, Mrs Elizabeth-Omolara Akintonde, led dignitaries to the large expanse of land spanning various communities at Ikosi/Ejinrin Local Council Development Area.

Akintonde assured leaders and members of the communities that the refinery would transform their areas by bringing immediate development, creating both direct and indirect jobs.

She commended the village heads for refusing to be misled by some individuals who tried to bribe them to renege on their agreements.

Akintonde, whose 74th birthday coincided with the turning of the sod, stated that the Midoil refinery would boost Nigeria’s energy landscape with a refining capacity of 100,000 barrels per day.

“All these bushes you see today, in the next couple of months, you will see them no more,” Akintonde stated, assuring the people of her determination to see the project to reality.

One of the Directors of Midoil and Chairman of Serenecity Staff Housing Estate, Hajia Amina Abdullahi, expressed joy that the project had finally commenced after over a decade delay.

“We have faith in God that we will witness the inauguration of the refinery. We know this is a big project that will go through many processes, but with the turning of the sod today, we have taken the right step,” she stated.

A founding member of the proposed refinery, retired Justice Olusola Hunponu-Wusu, opined that the country needed more refineries to boost its refining capacity and stop fuel importation.

Hunponu-Wusu advised the country to ramp up its current low oil production, expressing confidence that feedstock would not be a setback when the Midoil refinery finally comes on board.

While performing the turning of the sod, the Bishop of Lagos Anglican Communion, Ifedola Okupevi, prayed for the completion of the project at the right time.

The PUNCH recalls that the Chairman of Midoil, on March 17, 2024, signed agreements with the representatives of Shekungba, Arogbo and Ererufu, presenting cheques to the host communities.

She explained that a large expanse of land was acquired from the administration of former Governor Babatunde Fashola of Lagos, stating that the land allocation letter was received from the Lagos State Government on April 24, 2014.

“Subsequently, on January 24, 2017, we got the licenses to establish the refinery from then Department of Petroleum Resources,” she remarked.

Akintonde said: “It has taken Midoil 10 years to secure interested investors that are willing to invest in Nigeria and our project. But to the glory of God Almighty, we now have three consortiums of investors willing to invest $5bn with us.

“The sourcing of the required funding from overseas has been the major reason for the delay.”

APC PC Urges Traditional, Religious Leaders To Lend Voices Against Planned Anti-Government Protest

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APC Professionals Council has called on traditional and religious leaders across the country to lend their voices against the planned demonstration across the country in August 1 against the President Bola Tinubu-led government, saying their wise counsels will go a long way in bringing stability in the country.

The National Director General of the Council, Dr. Seyi Bamigbade who gave the advice on Tuesday while speaking with newsmen in Lagos also urged those behind the planned protest to drop it saying the federal government is going all it can to address economic challenges in the country.

He therefore appealed to leaders of the two prominent institutions to use their revered offices to help in fostering peace in the country by appealing to Nigerians to instead join hands in rebuilding the nation instead of embarking on demonstrations that will benefit no one.

He said, “I also want to use this opportunity to our traditional and religious leaders to use their large platforms to call on our younger ones who are planning to stage a protest to have a rethink.

“President Bola Tinubu has promised to take steps to address the nation’s economic challenges and I think we must exercise a little more patience. The recent approval of N70,000 minimum was is one of these measures.

“While the advocacy and engagement to drop the protest continues, so that we will not end up having the type of violence happening in Kenya here, traditional and religious rulers must play active roles in saving the country from avoidable chaos. Violence is not the solution to the challenge we have at the moment, neither is protest a silver bullet, ” he said.

FG Generated 300,000 Businesses, Created One Million Jobs In One Year — VP

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The Federal Government has generated over 300,000 businesses through various Small and Medium Enterprises (SMEs) interventions, aiming to create over one million job opportunities, primarily for youth and women, within a year.

This was disclosed by Vice President Kashim Shettima during a one-day working visit to Jigawa State.

Vice President Shettima explained, “President Bola Ahmed Tinubu has initiated multiple interventions for SMEs, which have generated over 300,000 businesses and will provide over one million jobs within a year.”

He emphasised that the Renewal Hope Agenda of President Tinubu is designed to tackle poverty and create job opportunities by encouraging and supporting medium and small-scale businesses, which constitute over 65 per cent of investment and employ 83 per cent of labour in Nigeria.

He further stated that the current administration is working tirelessly to formulate and implement policies and programmes that will improve the social and economic lives of Nigerians.

Addressing the youth, Shettima urged them to ignore calls for the proposed nationwide protest, describing those calling for it as selfish and unpatriotic.

He said, “The protest will not yield any positive development; instead, it will lead to violence and destruction of public properties.”

Vice President Shettima commended Governor Malam Umar Namadi for his efforts in creating jobs and sustainable livelihoods, as well as for initiating and executing projects that uplift the lives of Jigawa citizens.

Governor Namadi, in his remarks, praised the Federal Government for its laudable initiatives, policies, and programmes, which are gradually changing the social and economic directions of the country.

He highlighted the Expanded National MSME Clinics, designed for the development of micro, small, & medium-scale enterprises, as commendable efforts aimed at creating the necessary environment for inclusive and sustainable growth of the Nigerian economy, ultimately lifting millions of Nigerians out of poverty.

“We are delighted to align our 12-Point Agenda for Greater Jigawa with the Federal Government’s Renewal Hope initiative,” emphasised Governor Malam Umar Namadi.

“These projects will not only support the attainment of President Bola Ahmed Tinubu’s Renewed Hope Agenda for inclusive and sustainable socioeconomic growth and development but also further our state’s development objectives of improved socioeconomic well-being for all, as encapsulated in our 12-Point Agenda.”

He noted that all the programmes commissioned by the Vice President have significant potential to contribute to the nation’s goals of economic diversification, food security, employment generation, and job creation.

During his visit, Vice President Senator Kashim Shettima launched several key initiatives, including the training of 1,000 youth in artificial intelligence (AI), the development of 20,000 hectares of sprinkler-based solar-powered irrigation, and the establishment of a small and medium-scale enterprise clinic in Jigawa State to boost job creation and poverty eradication.

Additionally, the Vice President commissioned a 100 KVA solar-energy power supply system to provide stable power to small-scale enterprises at Dutse Market, distributed motorcycles to 1,450 agricultural extension workers, and handed out agricultural inputs to rural farmers.

The Vice President was accompanied by the governors of Kebbi and Kaduna States and the deputy governors of Katsina and Sokoto States, among others.

National Assembly Begins Seven-Week Recess, To Resume

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The senate and house of representatives have embarked on their annual recess.

The two chambers of the national assembly commenced the recess after passing some crucial bills.

Some bills passed by the national assembly include the amendment to the minimum wage law, President Bola Tinubu’s request to increase the 2024 budget by N6.2 trillion, and an amendment to the 2023 Finance Act, among others.

Speaking on Tuesday, Senate President Godswill Akpabio said Tinubu may sign the minimum wage bill before Friday.

“We are hoping that Mr. President signs the minimum wage bill before Friday,” Akpabio said.

The national assembly also passed a bill seeking to impose a one-time windfall tax on banks for foreign exchange earnings.

However, some committees of the national assembly are scheduled to meet this week and next, while both chambers will resume on September 17.

Industrial Court orders Construction firm to pay Olocha N1.1m within 30 days

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The Presiding Judge, Portharcourt Judicial Division of the National Industrial Court, Hon. Justice Faustina Kola-Olalere has ordered Asphalt and Construction Company to pay Mr. Olocha the sum of N533,200.00 (Five Hundred and Thirty-Three Thousand, Two Hundred Naira) unpaid salaries from August to November 3, 2017, and the sum of N600,000.00 cost of action within 30 days.

However, Justice Kola-Olalere stated that Mr. Olocha has not proved before the Court that he suffered any injustice, psychological and emotional trauma, neither has he satisfied the Court that he was inconvenienced in any way as a result of his employer’s failure to pay his salaries from August to November 3, 2017 when the company formally determined his employment.

From facts, the claimant- Mr. Olocha had submitted that he was an employee of the Construction Company and served diligently and discharged all assigned roles and responsibility to the very best of his ability until the alleged wrongful termination of salaries in June 2017.

Mr. Olocha sought for the sum of N4,142,400.00 (Four Million, One Hundred and Forty-Two Thousand, Four Hundred Naira) unpaid salaries from June 2017 – June 2019 at the rate of N172,600.00 (One Hundred and Seventy-Two Thousand, Six Hundred Naira), and the sum of N5,000,000.00 (Five Million Naira) only being general damage for the unjust, psychological and emotional trauma and inconveniences suffered as a result of the Defendant’s acts.

In defence, the defendant- Asphalt and Construction Company stated that Mr. Olocha was not entitled to any salary from it after the determination of his employment, and counter-claimed for the sum of N124,000,000(One hundred and Twenty-Four Million Naira) only being the total sum of the value of the company’s properties and items allegedly vandalized by Mr. Olocha, and the sum of N10,000,000 (Ten Million) Naira as damages.

Asphalt and Construction Company further averred that upholding the claims for damages for Mr. Olocha will amount to Mr. Olocha benefiting from his own wrong, and urged the court to grant reliefs sought.

In opposition, the learned counsel to Mr. Olocha averred that the issue of the alleged termination of his employment is clearly an afterthought because the issue of dismissal was not mentioned in the company’s letter which was made over 1 month after the alleged dismissal.

Counsel contended that Construction Company had not proved its special damages claim, and the allegations contained in the petition had not been concluded and therefore remain mere allegations.

In a well-considered judgment, the presiding Judge, Justice Faustina Kola-Olalere held that Mr. Olocha’s reply to the Asphalt and Construction Company’s defence and defence to counter-claim together with his evidence in support of the pleadings tendered did not deny the dismissal specifically which amounts to the admission of the fact that the company dismissed Mr. Olocha from its employment with effect from November 3, 2017.

The Court held that Mr. Olocha was paid his salaries up to July 2017 and his employment was determined on November 3, 2017; which means that Mr. Olocha is no longer entitled to salary from the defendant as he has stopped working for the company with effect from November 3, 2017.

On Mr. Olocha’s claim for N5m damages, Justice Kola-Olalere stated that the claimant had not proved before the Court that he suffered any injustice, psychological and emotional trauma, neither had he satisfied the Court that he was inconvenienced in any way as a result of the Defendant’s failure to pay his salaries from August to November 3, 2017, when the defendant formally determined his employment.

Lastly, the Court dismissed the Asphalt and Construction Company counter-claims for lack of proof as no property was proved at all either satisfactorily or even poorly to be vandalized by the claimant before the Court.

Visit the judgment portal for full details

Gabon Invites Dangote To Explore Business Opportunities, Amid Attacks In Nigeria

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President Brice Oligui Nguema of Gabon has invited Africa’s wealthiest man, Aliko Dangote, to invest in his country.

According to Dangote Industries Limited, the billionaire was asked to explore investment opportunities in Cement and Fertiliser (Urea and Phosphate).

President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon,” Dangote Group said in a statement.

The President urged Dangote to explore potential investment opportunities in the country’s cement and fertilizer sectors, specifically urea and phosphate production.

According to the statement, Dangote conversed with Nguema and other top government officials during the visit.

The talks focused on how Dangote Industries could contribute to Gabon’s economic growth by establishing cement and fertilizer plants, which are vital for the country’s infrastructure development and agricultural productivity,” Dangote Group said.

President Nguema expressed enthusiasm about the potential partnership, highlighting Gabon’s commitment to creating a conducive environment for foreign investments.

He noted that the collaboration with Dangote Industries would bring significant benefits, including job creation, technology transfer, and enhanced industrial capacity.”

The invitation from Gabon, an oil-rich nation, comes amid the rift between Dangote, oil marketers and top government officials.

Dangote had earlier disclosed how a cabal was blocking his moves to import crude, saying that had slowed down operations at his petroleum refinery.

But the situation took a worse turn when the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) claimed that the Nigerian government was yet to license the Dangote Refinery to begin operations.

Farouk Ahmed, Chief Executive Officer (CEO) of NMDPRA, said this while speaking with State House correspondents, on Thursday.

According to Ahmed, the claims of ongoing efforts to scuttle the operations of Dangote refinery due to lack of supply of crude oil by International Oil Companies were not true, adding that the refinery was still at the pre-commissioning stage and has not been licensed yet.

He said, “There are lots of concerns about the supply of petroleum products nationwide and the claims by some media houses that we were trying to scuttle Dangote refinery; that is not so.

“Dangote refinery is still in the pre-commissioning stage. It has not been licensed yet. We have not licensed them yet.

“I think they are at about 45 percent completion. So we can not rely heavily on one refinery to feed the nation because Dangote is requesting that we should suspend or stop all importation of petroleum products, especially automotive gas oil (AGO) or jet kero and direct all marketers to the refinery.”

Ahmed maintained that the request would promote monopoly in the market and was not good for the nation in terms of energy security.

“So, in terms of quality, currently, the AGO quality in terms of sulfur in the lowest as far as a West African requirement of 50 ppm.

“Dangote Refinery, as well as some major refineries, like Walter Smith’s refinery, other refineries, they produce 650 to 1,200 ppm. So, in terms of quality, their quality is much, much inferior to the imported commodities,” he added.

But Dangote kicked back, saying his products were of international standard, emphasising that tests had been done to that effect.

He also wondered why he was under attack, saying a friend who counselled him against pumping billions of dollars into the Nigerian economy taunted him over the turn of events.

“Four years ago, one of my very wealthy friends began to invest his money abroad. I disagreed with him and urged him to rethink his action in the interest of his country. He blamed his action on policy inconsistencies and shenanigans of interest groups. That friend has been taunting me in the past few days, saying he warned me and that he has been proven right,” the businessman said in an interview.

On Monday, Heneiken Lokpobiri, Nigerian Minister of State for Petroleum, invited Dangote and top officials in the oil sector to a meeting, with a view to resolve the crisis in the oil sector.

N6.5m Up For Grabs In Gov Diri National Scrabble Classic

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Organisers of the Governor Douye Diri National Scrabble Championship have confirmed that the fourth edition will hold on August 23-25, 2024.

The three-day classic, which usually attracts national and international scrabble stars, is slated for the Chief Dappa Biriye Conference Centre of the Golden Tulip Hotel at Onopa, Yenagoa.

Chairman of the Bayelsa State Scrabble Association (BYSA), Mr. Daniel Alabrah, confirmed the new dates after consultations with the Nigeria Scrabble Federation (NSF).

The BYSA chairman said the championship was earlier scheduled for July 27 and 28 but had to be shifted due to logistics reasons.

Alabrah said preparations were on to deliver a hitch-free tournament and one of the best since it began in 2021.

This edition will feature five categories, which are the masters, intermediate, veterans, opens and secondary school students that are based in Bayelsa State.

There are also special prizes for female players.

Alabrah disclosed that the total prize money in this edition is N6.5 million with the Most Valuable Player in the masters category taking home the N750,000 star prize and a trophy.

“The Governor Diri Scrabble Classic has become the biggest tournament on the NSF calendar and attracts our country’s top players that are dominating the local, African and international circuit.

“This season four promises to be bigger as the prize money has been raised to N6.5 million for the top four categories. Winner of the masters will take home the star prize of N750,000 and a giant trophy. This prize was N500,000 in the previous three editions,” he said.

The BYSA chairman commended Governor Diri’s passion for all-round sports development, which has seen Bayelsa become a sporting hub in the South-South and indeed the whole country.

He said the governor continues to encourage and develop other sports apart from football and that the state reaps the benefits in its outstanding performance at major national competitions.

Alabrah further stated that the registration and other details will be communicated through the NSF and other scrabble platforms on social media.

Truce Meeting Between Dangote, NMDPRA, NUPRC, NNPCL Fails To Resolve Imbroglio

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The truce meeting brokered by the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, to resolve the heated dispute between the Dangote Refinery on one hand and state-run entities, the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA), has failed to resolve the contentious issue of crude supply to the former’s new 650, 000bpd refinery, THEWILL can report.

Africa’s richest man and industrialist, Aliko Dangote and his company had alleged sabotage and conspiracy against the $20bn Dangote Refinery by key officials in the NNPC, international oil companies and the regulatory agencies, who they claimed would rather continue their corruption-ridden importation of poorly refined petroleum products into the country instead of ensuring that the Dangote Refinery gets adequate crude oil for its plant, which started producing and selling very low sulphur diesel and Jet fuel some weeks ago to both local and international buyers.

THEWILL’s authoritative source, who was privy to the deliberations at the meeting, which was held at the Minister’s office in Abuja on Monday, said, “The summary of what transpired is that the meeting was a waste of time. The NNPC, NMDPRA, NURPC said they do not have crude oil to supply the Dangote Refinery and appear not to be interested in doing so under any arrangement anytime soon. They would rather continue their imports at the expense of the Nigerian people.”

“It appeared they just wanted a photo ops to douse the anger of the Nigerian people following the damaging revelations that have emerged since the dispute became public,” the source who spoke to THEWILL on the condition of being anonymous, added.

Mr. Dangote represented his group at the meeting, while Mr. Farouk Ahmed, the CEO of the NMDPRA, who falsely claimed the Dangote Refinery produces poor quality products without evidence, represented his agency. Mr. Gbenga Komolafe, the Chief Executive Officer of the NUPRC and Mr. Mele Kyari, Group Chief Executive Officer of the NNPCL represented their entities.

It is unclear when the parties would meet again as both the Senate and the House of Representatives have commissioned an investigation into the quality of diesel imported into the country by the NNPC after tests at the Dangote Refinery chemical laboratory revealed that the diesel were of very poor quality with sulphur levels reaching 2, 000ppm (parts per million).

Senate Passes N70000 Minimum Wage Bill Into Law, To Review Every 3 Years

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Senate passes seventy thousand Naira National Minimum wage bill as requested by President Tinubu.

The lawmakers granted expeditious consideration to the bill transmitted tuesday, as it passes first second and third reading

Senate also approved the national minimum wage review period from five to three years

Amid Inflation, CBN Raises Interest Rate To 26.75%

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The Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to 26.75%.

The Governor of the CBN, Mr. Olayemi Cardoso announced this at the end of the apex bank’s 296th MPC meeting held in Abuja.

The MPC also pegged the Cash Reserve Ratio (CRR) for Deposit Money Banks at 45% while that of merchant banks was put at 14%.

The liquidity ratio was pegged at 30%.