Junior Ministers Suffering In Silence, Keyamo Tells Buhari

Mohammed Shosanya

Outgoing Minister of State for Labour and Employment,Festus Keyamo, on Wednesday,has lamented the fate of some other Ministers of State, saying have been grumbling and unable to be bold to speak out.

He conveyed his feeling in his speech at the valedictory session of the Federal Executive Council meeting presided over by President Buhari to mark the end of the administration.

He said, it was difficult to assess the individual performances of the Ministers of State since their discretion was shackled under the senior Ministers.

According to him,any original ideas developed by a Minister of State are usually subject to clearance by another colleague in Cabinet before they can sail through for consideration by Council.

According to Keyemo, it is an aberration and unconstitutional to appoint a Minister of State who takes directives from the senior minister, a colleague at the Federal Executive Council.

He thanked President Buhari for enriching his Curriculum Vitae, through the appointment.

His letter reads: “Mr. President, you first appointed me as Minister of State in the Ministry Niger Delta Affairs in August, 2019 and you later redeployed me as Minister of State in the Ministry of Labour and Employment.

“Today, I cannot find the words to express the depth of my gratitude to you for finding me worthy, out of over two hundred million Nigerians, to be nominated and subsequently appointed to serve as a Minister of the Federal Republic of Nigeria. My curriculum vitae has been greatly enhanced – forever.

“From my very humble beginnings in a small dusty town in Delta State where I was born and raised by my struggling parents, all the way to the Council Chambers at the Presidential Villa where I had the honour and privilege to participate weekly in decision-making for my country in the last four years, it has been like a fairy tale. I give God all the glory.

“What I am about to say, therefore, is not and should not be construed as an indication of ingratitude. Far from it. What I am about to say is just my own little contribution to our constitutional development as a relatively young democracy and to aid future governments to optimize the performance of those they appoint as Ministers.

“Mr. President, the concept or designation of “Minister of State” is a constitutional aberration and is practically not working for many so appointed. Successive governments have come and gone and many who were appointed as Ministers of State have not spoken out at a forum such as this because of the risk of sounding ungrateful to the Presidents who appointed them. However, like I said earlier, this is not ingratitude.

“As a private citizen, I am on record to have gone to court a number of times to challenge unconstitutional acts of governments for the sake of advancing our constitutional democracy, so it will be out of character for me to have gone through government and be carried away by the pomp of public office and forget my role as a member of the Inner Bar and my self-imposed role over the years as a crusader for democracy and constitutionalism.”

Police Lose Bid To Arraign Seun Kuti

Mohammed Shosanya

Yaba magistrate’s court,Wednesday dismissed the request filed by the police for the arraignment of Seun Kuti, the son of Afrobeats singer,Late Fela Kuti

During Wednesday proceeding, the police prayed to the court to grant them permission to further arraign Seun.

The prosecuting counsel, Cyril Ejiofor,told the court that the police had prepared charges against the musician

Femi Falana, Seun’s counsel,prayed the court to turn down the application on the ground
that the request of the police amounts to contempt of court.

He further held that the police violated the court order of May 16, the court had asked the police to duplicate the case file and transmit the same to the directorate of public prosecutions (DPP) within 72 hours.

He prayed to the court to allow the DPP to prosecute the case instead of the police.

Adeola Olatubosun, the chief magistrate, in her ruling,held that she needed the DPP’s advice before proceeding with the case.

She fixed further mention on the matter for July 3.

Seun,who was apprehended on May 15 after he was filmed assaulting a police officer on the Third Mainland Bridge,regained his freedom on Tuesday evening after spending eight days in police custody.

Abiodun, Amosun Bicker Over $19billion Dangote Petroleum Refinery

Mohammed Shosanya

The Ogun State Governor,Dapo Abiodun, and his predecessor,Senator Ibikunle Amosun,have trade blames over the failure of the richest man in Africa,Alhaji Aliko Dangote to build his $19billion Dangote Petroleum Refinery in the state.

Dangote had earlier planned to build the refinery in the state,but he later relocated the project on account of alleged disagreement between him and Ogun state government.

Abiodun blamed his predecessor, Ibikunle Amosun for frustrating Aliko Dangote out of the state.

According to the governor, he was Chairman, Olokola Free Trade Zone, in Ogun Waterside Local Government Area of the state during the administration of former governor Amosun, and he was not part of the moves that frustrated Dangote out of the state.

Abiodun maintained that Amosun should be blamed for the reason Ogun lost the opportunity to host the mega refinery.

He said :“Any true born Ogun indigene will sincerely be pained by the huge investment loss, especially when Ogun had been marked as the most suitable natural location for the mega project in Olokola Free Trade Zone, in Ogun Waterside Local Government Area of the state.”

Expatiating on his role, he said, “Governor Abiodun, as the chairman of the committee and a big player in the oil and gas industry himself, did everything possible to make sure the project saw the light of the day.

“The then governor, perhaps, having a personal axe to grind with the promoter of the refinery project, Alhaji Aliko Dangote, frustrated all the efforts of Governor Abiodun and his committee.

“The immediate Chairman, Board of Directors of the Nigeria Deposit Insurance Corporation, Mrs Ronke Sokefun, who was then a commissioner, served as the secretary of the committee, which engaged Dangote on the mega project.

“Instead of showing enthusiasm towards hosting the project in the state, the former governor brazenly opposed and obstructed efforts of the Abiodun-led committee in ensuring that the OKFTZ came into fruition.”

But the former governor of state, Senator Ibikunle Amosun,Wednesday,disclosed that his administration did everything possible including going beyond its duties to retain the $19b Dangote Refinery at the Olokola Free Trade Zone in Ogun Waterside Local Government Area of Ogun State.

He hinted that the owner of the refinery, Alhaji Aliko Dangote only took a business decision that was beyond the State.

In a statement signed by Bola Adeyemi from his media office, Amosun maintained that it was most uncharitable for anyone to blame him for the relocation of the project to Lagos.

He vigorously engaged Dangote and did everything possible to make the enterprise take off in Ogun State by making a total of 10,000 hectares of land available for the project,he said.

He added:”Let me put it straight: The Olokola Free Trade Zone project was not solely owned by Ogun State. From its conception in 2007, it was a Joint Venture. The Federal Government of Nigeria owned the majority 51%, Ondo State Goverment (14.5%), Ogun State Goverment (14.5%), and strategic core investors (20%). Alhaji Aliko Dangote, according to the information availed us when we took office, subsequently bought, and took over the 20% equity of the core investors.

“Ogun State was a minority equity stakeholder only, without proprietary strength and capacity to take sole decisions on the Joint Venture enterprise.

“Ogun State, under my leadership, went beyond and above duty and did all we could to ensure that the project saw the light of the day. As Governor at the time, I appointed two (2) carefully chosen stakeholders of Ogun East/Ogun Waterside Local Government extraction to represent Ogun State’s interests on the joint venture enterprise and advise the State. These were Dapo Abiodun (now Governor) and Mrs Kemi Adeosun, then Commissioner for Finance, who incidentally hailed from the host Community of the Olokola project.

“After Mrs. Adeosun was elevated and became a minister, another son of Ogun East, Lekan Onamusi, took charge and represented Ogun State on the Joint Venture.

“Based on the advice of our representatives on the project, we engaged the majority equity holder, FGN and our joint venture partner, Ondo State Government, who were very responsive and eager to have the project in Olokola Free Trade Zone.

“We also vigorously engaged Alhaji Aliko Dangote and did everything possible to make the enterprise take off. A total of 10,000 hectares of land was made available.

“As mere holder of 14.5% equity interest, it is most uncharitable for anyone to churn out lies that Ogun State was in a position to unilaterally frustrate the project or was responsible for the logjam. With respect to all sides, it accords more with logic to appreciate the fact that Alhaji Aliko Dangote took business decisions of his own in accordance with the goals of his business strategy and risk assessment.

“Our position was that, at the minimum, 500 hectares from the Ogun State portion be reserved for the host Community, Ogun Waterside, as against ceding the entire land of the Olokola Free Trade Zone.

“Indeed, at some point and at my instance, our revered Elders, Baba Olusegun Obasanjo and Kabiyesi Awujale, Oba Sikiru Adetona were involved, where we all met to ensure that the project was sited in Olokola Free Trade Zone.”

Amosun dared Abiodun to release facts about his negligence which frustrates the project, saying he wouldn’t have knowingly allow such project slipped off the state.

He said:”It is, therefore, interesting to read that the present Ogun State governor holds me responsible for allegedly scuttling the Olokola project.

“For the benefit of the good people of Ogun State, Nigerians and posterity, we challenge him, particularly as he was then the chairman appointed to oversee and ensure that the project was sited in Olokola Free Trade Zone, to disclose with facts, where he or the Administration was remiss, and which might have led to the project being moved away from Ogun State.

“As Governor, I would never have knowingly let any opportunity slip past Ogun State and its people. I did my best to the satisfaction and conviction of my conscience.Governor Abiodun, as the chairman of the committee and a big player in the oil and gas industry himself, did everything possible to make sure the project saw the light of the day.

“The then governor, perhaps, having a personal axe to grind with the promoter of the refinery project, Alhaji Aliko Dangote, frustrated all the efforts of Governor Abiodun and his committee.

“He (Dangote) is alive to speak on how he was frustrated, despite Prince Abiodun’s pleas and multiple interventions that fell on the deaf ears of the then governor.

“Instead of showing enthusiasm towards hosting the project in the state, the former governor brazenly opposed and obstructed the efforts of the Abiodun-led committee in ensuring that the OKFTZ came into fruition.”

CBN Increases Interest Rate To 18.5%

Mohammed Shosanya

The Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR), which measures interest rate, from 18 percent to 18.5 percent.

Godwin Emefiele, governor of the apex bank,who disclosed this the to journalists on Wednesday after the committee’s meeting at the CBN headquarters in Abuja,said development is the third consecutive time the apex bank will be raising the benchmark rate in 2023.

Emefiele said the policy-setting committee committee members voted to raise the rate by 50 basis points to 18.5 percent, retain the asymmetric corridor at +100 and -700 basis points around the MPR, retain the cash reserve ratio (CRR) at 32.5 percent and liquidity ratio at 30 percent.

He added:“The current trend in price development wouldcontinue to be monitored by the bank with greater collaboration with fiscal authority to address the drivers of inflation”.

He said although the continued rise in headline inflation remained a significant problem confronting the economy, other macroeconomic variables are moving in the right direction despite observed headwinds.

Crisis: Labour Party Waves Olive Branch

Musbau Babatunde

The leadership of the Labour Party (LP), has expressed displeasure over internal wranglings in the party.

Speaking at a press conference on Wednesday in Abuja, the party through its Security, Peace and Conflict Resolution Committee (LP-SPCRC) headed by retired Assistant Inspector General (AIG) Charles Ugomuoh, vowed not to allow the party to crumble.

A statement signed by Ugomoh and the Committee’s Secretary, Diyoke Kenneth, implored aggrieved members and groups to sheath their swords and explore internal conflict resolution mechanism of the party”, as provided by the Committee.

Noting that the Labour Party is now the fastest growing party in Africa”, the Committee also warned members against actions that are against the interests of the party.

On its activities in recent time, the statement stressed, “we are happy with its performance and achievements in the last general elections, especially our presidential candidate, Mr Peter Gregory Obi”.

The party advised aggrieved persons and groups to appear before it and ventilate their grievances in line with the party’s internal mechanism of conflicts resolution.

Buhari Seeks Senate Nod To Pay $566.7m £98.5m, N226.2bn Judgement Debts

Mohammed Shosanya

President Muhammadu Buhari,Wednesday wrote to the Senate seeking approval of huge sum to pay for judgment debt owed by the Federal Government.

Specifically,he appealed to the upper chamber of the National Assembly to approve a request to pay the sum of $566,754,584.31, £98,526,012.00 and N226,281,801,881.64 being judgement debt owed by the Federal Government through the issuance of promissory notes.

The President’s request was conveyed in a letter read by the President of the Senate, Ahmad Lawan during plenary.

It reads: “The Distinguished Senate President may wish to be informed that the Federal Executive Council (FEC) at its meeting of March 29, 2023 approved the liquidations of top priority judgement debts and general judgement debts owed by Ministries, Departments and Agencies (MDAs) through the issuance of promissory notes.

“The judgement debts are to be settled through the issuance of promissory notes which will then be redeemed over time through provisions in the budgets of the Federal Government of Nigeria. Thus debt securities have been issued for the settlement of the judgement debts and approval of the National Assembly is required for this purpose.

“In view of the foregoing, I wish to request the Senate to kindly consider and approve through its resolution the settlement of the top priority judgement debts and general judgement debts incurred by Federal MDAs in the sum of USD566,754,584.31, £98,526,012.00 and N226,281,801,881.64 through the issuance of promissory notes.

“The Honourable Attorney-General of the Federation and Minister of Justice and the Honourable Minister of Finance, Budget and National Planning shall provide any information that may be required by the Senate for the consideration of this request.”

Chevron Reiterates Commitment To Growth Of Neighbouring Communities

Musbau Babatunde

Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL (“NNPCL/CNL JV”), has reiterated its commitment to the socio-economic development of its neighbouring communities.

The company confirms that about 08:40hrs, on May 16, 2023, some protesters from Ugborodo community occupied a third-party facility at CNL’s pipeline repair work site and continued to protest around the perimeter fence of the Escravos Terminal in CNL’s Western area of operations.

The company in a statement said the protesters complained about their alleged non-inclusion and engagement in the Host Community Development Trust (“HCDT”) formation process.

They also raised issues on the provision of social amenities to the community.

It added:”CNL is engaging with the relevant stakeholders including the traditional rulers and community leaders to resolve the issues amicably and ensure the peaceful vacation of the protesters.CNL has a long-standing relationship with the Ugborodo community and continues to contribute to the socio-economic development in Ugborodo community.

“CNL reiterates its commitment to continue working with the relevant stakeholders to maintain peace and advocate for respect for the rule of law and adoption of constructive dialogue in the resolution of all issues.CNL places the highest priority on and remains committed to the protection and safety of people, the environment, and its assets”.

Chevron Nigeria Limited Harps On Development Of Neighbouring Communities

 

Chevron Nigeria Limited,CNL,operator of the joint venture between the Nigerian National Petroleum Company Limited NNPCL and CNL has reiterated its commitment to the socio-economic development of its neighbouring communities.

Besides,the multinational oil company confirms that about 08:40hrs, on May 16, 2023, some protesters from Ugborodo community occupied a third-party facility at CNL’s pipeline repair work site and continued to protest around the perimeter fence of the Escravos Terminal in CNL’s Western area of operations.

A statement by Esimaje Brikinn,the company’s General Manager,Policy,Government and Public Affairs,said the protesters complained about their alleged non-inclusion and engagement in the Host Community Development Trust (“HCDT”) formation process.

They also raised issues on the provision of social amenities to the community,the company said in a statement signed by

The statement added:”CNL is engaging with the relevant stakeholders including the traditional rulers and community leaders to resolve the issues amicably and ensure the peaceful vacation of the protesters.CNL has a long-standing relationship with the Ugborodo community and continues to contribute to the socio-economic development in Ugborodo community.

“CNL reiterates its commitment to continue working with the relevant stakeholders to maintain peace and advocate for respect for the rule of law and adoption of constructive dialogue in the resolution of all issues.CNL places the highest priority on and remains committed to the protection and safety of people, the environment, and its assets”

Petroleum Act: Shell Unlocks $56.13m For Host Communities

Mohammed Shosanya

The Shell Petroleum Development Company, operator of the SPDC joint venture,has unveiled eight Host Community Development Trusts in Bayelsa State, signifying a critical step for unlocking the $56million earmarked for development in line with the provisions of the Petroleum Industry Act (PIA) 2021.

The $56.13 million represents funds to be paid this year by SPDC JV and Shell’s deep-water subsidiary, Shell Nigeria Exploration and Production Company Limited (SNEPCo) as contribution to HCDTs.

The company said the bold step in the implementation of the provisions of the PIA earned commendation from the Bayelsa State Government, regulators, partners as well as communities for what is regarded as an industry milestone,a statement said.

The eight Trusts are among 22 that have been incorporated in SPDC JV’s areas of operation in Imo, Delta, Rivers and Bayelsa states, representing more than half of the total 41 which the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has so far approved for host communities.

“This is indeed a milestone which will ensure progress of the communities,” said Governor Duoye Diri during the unveiling ceremony in Yenagoa.

Stakeholders at the unveiling, held at the state capital, Yenagoa, implored the incorporated Community Trusts to work towards development in the Niger Delta through peaceful co-existence and collaboration with oil companies.

Governor Diri, represented by the state’s Commissioner for Mineral Resources, Dr. Ibieri Jones, said: “No meaningful development can take place without an enabling environment. With dialogue we can always resolve issues and that is the only way it will take the region to where we want it to be.”

SPDC Managing Director and Chairman, Shell companies in Nigeria, Osagie Okunbor, in an address read by the General Manager Corporate Relations, Igo Weli, said the PIA would not deliver the intended development if “communities allow internal strife and chieftaincy struggles to negatively impact the setting up of or operations of the Trusts.”

He added:“Regardless of the noble intentions of the PIA as well as the moral and financial support of government, SPDC and other operators, the development of communities ultimately rests on the shoulders of community people themselves.”

The Chief Executive of NUPRC, Gbenga Komolafe, lauded the early incorporation of the Trusts and charged them to be guided by the provisions of the PIA in their operations. He was represented by Manager, Host Communities Development in NUPRC, Omolade Awah.

The Chief Upstream Investment Officer, NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, represented by Senior Adviser, Stakeholder Relations, Mrs. Joy Eguahon, said there were “high expectations for communities to partnerl with industry stakeholders for peaceful coexistence.

He advised that systems should be in place to address conflicts or grievances through dialogue that ensures resolutions that are beneficial to all the parties.

The Chairman of Gbarain/Ekpetiama Trust, Mr. Ebikesee Johnson, who spoke on behalf of his colleagues,thanked SPDC and communities for the confidence reposed in them, and enjoined trustees to ensure transparency and accountability in discharging their duties.

The eight Trusts that were unveiled are expected to appoint Management Committees in collaboration with their communities, while they will in turn set up Host Community Advisory Committees.

This will complete the new community development structure under the PIA and enable the Trusts to begin to receive funds and commence operations. The Act stipulates funding of the Trusts from 3 per cent allocation of the actual operating expenditure of an oil company in the preceding year.

The SPDC JV is working towards the incorporation of a total of 33 Trusts before the end of the year.

With its knowledge of the Niger Delta from over 60 years of operations, SPDC is managing a seamless transition from the Global Memorandum of Understanding (GMoU) initiative which it introduced in 2006 to HCDTs, a key provision of the PIA enacted in August 2021.

SPDC engaged more than 300 communities on the provisions of the Act, their roles and responsibilities, the obligations of oil and gas companies and facilitated grouping of communities and nominations for trustees. It also assisted in the development of a needs assessment and development plan for communities.

Developed Countries Shortchanging Africa In Climate Finance -Adesina

Mohammed Shosanya

African Development Bank Group President,Dr. Akinwumi Adesina,has lamented that Africa is being short-changed in climate finance.

Africa is choking,he said,adding that it was wrong for developed countries to shun the $100 billion-a-year climate finance pledge they made to developing countries.

He spoke with journalists from Africa and around the world at a media lunch organized to kick off its 2023 Annual Meetings in the Egyptian resort city of Sharm El

“Your role as the media is very important to help carry the news – the news of efforts being made, challenges being faced, and the fierce urgency of now in getting much-needed climate finance to Africa,” he said.

The Bank Group’s Annual Meetings will allow the Bank’s Board of Governors, African leaders and development partners to explore practical ways of “mobilizing private sector financing for climate and green growth in Africa,” in line with the theme of this year’s meetings.

He said the theme was chosen to draw attention to the urgent need for climate finance.

He added:“Anywhere you look in Africa today, climate change is causing havoc,” Adesina said. “In the Sahel, hotter temperatures are drying up limited water, causing water stress for crops and livestock and worsening food insecurity.”

He said that in vast areas of East and Southern Africa, and in the Horn of Africa, a combination of droughts and floods is causing massive losses of people and infrastructure, leading to rising numbers of refugees.

“There is still much to do, as Africa’s private sector climate financing will need to increase by 36% annually,” he said.

The African Development Bank is spearheading climate adaptation efforts across the continent and has devoted 63% of its climate finance, the highest among all multilateral development banks.

The Bank and the Global Center for Adaptation have launched the African Adaptation Acceleration Program (AAAP) to mobilize $25 billion to support Africa’s adaptation to climate change. It has also established Alliance for Green Infrastructure (AGIA) in partnership with other institutions, to mobilize $10 billion in private investment for green infrastructure in Africa.

Adesina and the Bank Group’s operational vice presidents answered questions on the potential for using capital market instruments such as green bonds to back climate-related investments.

According to Bank estimates, Africa will need $2.7 trillion by 2030 to finance its climate change needs.

Adesina said, “If Africa had that money, the Sahel would have electricity. If Africa had that money, we would recharge the Chad basin, which has provided livelihoods for millions of people in Chad, Nigeria, Niger and Cameroon. Everything will change in all those countries; we will green the Sahel. We will insure every single African country against catastrophic weather events.”

Adesina told the journalists, “Africa’s measured natural capital alone is estimated to be worth $6.2 trillion,” which, if well harnessed, can spur a more rapid economic growth and wealth generation.

He spoke on the bank’s flagship Technologies for African Agricultural Transformation (TAAT) scheme that provides heat-tolerant seed varieties to increase yield in crops such as wheat. He gave the example of Ethiopia which is now self-sufficient in wheat production and plans to export the surplus to neighbouring countries.