Lagos Receives N4bn From Oil Derivation Payouts

Mohammed Shosanya

Lagos State Government has received the sum of N3.911 billion since it became an oil producing state.

The state joined the league of oil-producing states in the country in 2016,and disclosed that it received a total of N3.911 billion as its share of the 13 per cent derivation fund.

The state’s Commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye,who explained this during a ministerial press briefing to mark the second term in office of the State Governor, Mr Babajide Sanwo-Olu at Alausa, Ikeja,also said that the production has been hampered due to challenges faced by the company managing its exploration

Yinka Folawiyo Petroleum Company Limited (YFP), a wholly-owned indigenous firm and operator of the OML 113 offshore Lagos, commenced the production of crude oil from the field.

He said:“Between 2018-2019, the state government received from the federal Government N131 million as part of oil derivation. And, between 2020-2021, the Lagos state government received N3.78 billion.

“But the owners of the assets have been having issues among themselves. And as long as they could not produce, there would be no money for Lagos.

“The state government is engaging them to ensure that they return to the field. And we hope that before the end of the year, they will find new technical partners and they can go back to production.”

Speaking on the community electrification programme,the commissioner said the governor has approved the procurement of twenty thousand units of prepaid energy metres for target low income communities in the state.

He added:‘’Approval was further expanded to utilize funding to catalyse full metering across the state via collaborations with electricity distribution companies in Lagos and a leading smart metering solution company,ElSewedy Electric.

The commissioner,who lamented the increasing death rate from gas explosions in the state,hinted that the state government will soon introduce stringent measures to regulate the operation of Liquefied Natural Gas vendors in the state.

Alleged Defamation:Court Summons Two Bloggers For Circulating Nude Photo Of Socialite

Mohammed Shosanya

The Chief Magistrate Court,Wuse Zone 6, has summoned two social media users for criminal defamation of a socialite,Dorcas Adeyinka.

In the court summons dated May 9, 2024,the Chief Magistrate Emmanuel Iyanna ordered the two defendants — Tolulope Adeoye aka Abike Jagaban and Tolulope Odegbami aka Olowosibi — to appear in person before the court on June 4, 2024, to answer the charges levelled against them by the complainant.

In a criminal complaint filed by the complainants’ lawyers led by Pelumi Olajengbesi of Abuja-based law firm, Law Corridor, the complainant accused the defendants of sharing her nude photo on social media and ridiculed her.

“On the 5th of March 2022, Abike Jagaban shared the complainant’s nude pictures on Youtube, directing her followers to different online platfoms where the complainant’s pictures were/are shared and ridiculed the complainant in the process.

“The video is captioned: ‘Abike Jagaban on Dorcas Adeyinka, aka TMS Blog’. These actions have exposed the complainant to contempt, hatred, and detestation as some people can be seen making disparaging remarks against the person of the complainant in the comment section of the above referenced post. Abike Jagaban has also bullied the complainant in another video titled, ‘How Abike Jagaban Bully Dorcas Adeyinka’.

“The defendants have also circulated publications on social media, alleging that the complainant is responsible for the death of an individual named Folusho Asimiyu, also known as ‘Iya Ibeji’, whom the complainant had previously supported financially through her non-governmental organisation. These allegations have been made without any evidence or connection linking the complainant to the demise of Folunsho Asimiyu,” the complaint read.

The complainant said the alleged actions of the defendants constitute criminal defamation and contravened Sections 391 of the Penal Code.

In the suit number CR/93/2024 with Motion No: MN/140/2024, Magistrate Iyanna ordered the complainant to serve the defendants with the criminal summons and all other subsequent processes of the court via their social media handle or pages @Tolulope Omolara Ghaba (Favebook) and @Princess Tolulope Ajike Olowosibi (Facebook).

Reps To VP:Convene Emergency Meeting Of NDPHC Board To Revive Gbarain Power Plant

Mohammed Shosanya

The House of Representatives has urged Vice President Kashim Shettima to convene an emergency meeting of the board of the Niger Delta Power Holding Company to promptly revive the Gbarain Power Plant, thereby bolstering the effectiveness of the national grid.

The House also requested the Managing Director of NDPHC, Mr. Joseph Ugbo, to attend and clarify the status of the Gbarain power plant.

Situated in Koroama, Yenagoa, the capital of Bayelsa State, the Gbarain Power Plant is designed as an open cycle gas turbine facility, with potential for conversion to combined cycle gas turbine configuration in the future. It currently operates at a capacity of at least 252 megawatts.

The House resolution came after a motion was adopted on Thursday, addressing an urgent public concern brought forward by Mr. Oboku Oforji, the representative of Yenagoa/Opokuma Federal Constituency in Bayelsa State.

Leading the debate on the motion, The Peoples Democratic Party lawmaker highlighted that the NDPHC suffered the loss of the Power Control Module at the Gbarain power plant due to a fire incident on November 30, 2020.

He said: “The Bayelsa State Government has proposed assuming certain responsibilities of the NDPHC, given its significant impact, especially as the state-owned Niger Delta University relies on the station for electricity supply.”

“The State Government initiated the rehabilitation and restoration of power supply by installing a 60MVA, 132/33KV power transformer. This transformer now supplies power to the Gbarain power station auxiliaries and the surrounding communities via a previously inactive 2×15 MVA 33/11KV injection substation.”

He expressed displeasure that three years after, the NDPHC “has not been able to live up to their responsibility by replacing the Power Control Module which allegedly has been lying redundant in one of its uncompleted stations.

He emphasized that the Gbarain Power Station, located just 700m from the Gbarain_Ubie multi-million dollar central gas processing facility, plays a crucial role in supplying over one billion standard cubic feet of gas to the NLNG in Bonny. Thus, there is no constraint on gas supply.”

He also disclosed that the Shell Petroleum Development Company has more than 60 million standard cubic meters of gas allocated to the plant, which remains unused due to the company’s inability to operate.

He added:”The potential gas pipeline leakage poses a significant risk to the community. Adding that the Bayelsa State Government’s intervention has been crucial in maintaining the equipment’s integrity.

“Without proper temperature control, there’s a risk of explosion, underscoring the importance of ongoing monitoring and management.”

After the motion was adopted, the House directed the Managing Director of NDPHC to appear before the Committee on Power in order to provide clarification regarding the status of the Gbarain power plant.

Benin Royal Rumble: Edo Govt Waves Olive Branch

Mohammed Shosanya

Edo State Government has waded into the lingering face off between the Oba of Benin, HRM Ewuare 11 and some Enigie, including. HRH Prof. Gregory Idurobo Akenzua, the Enogie of Evbo-Obanosa/Abudu which has led to court action.

The state government,through the Commissioner for Communication and Orientation, Hon. Chris Osa Nehikhare, Thursday implored the royal fathers to find a common ground for amicable settlement of the impasse.

The Oba of Benin, Oba Ewuare II, had been dragged before a Benin City High Court,over the suspension of two Enigie (Dukes),
HRH Prof. Gregory Idurobo Akenzua, the Enogie of Evbo-Obanosa/Abudu and His Royal Highness Edomwonyi Iduozee Ogiegbaen, the Enogie of Egbaen-Siluko.

At a press conference in his office, the State Commissioner for Communication and Orientation, Hon. Chris Osa Nehikhare, said, the
attention of the State Government has been drawn to the groundswell of misinformation regarding the court case.

According to him, “the attention of the Edo State Government has been drawn to the groundswell of misinformation regarding a court case involving our revered monarch, His Royal Majesty, Omo N’Oba N’Edo Uku Akpolokpolo, Oba Ewuare II, the Oba of Benin and some Enigie.

“The state government has no hand in the matter and is also being sued as one of the respondents in the case by the Enigie .

“The case with suit no B/29005/2023 is between His Royal Highness Prof. Gregory Idurobo Akenzua, the Enogie of Evbo-Obanosa/Abudu and His Royal Highness Edomwonyi Iduozee Ogiegbaen, the Enogie of Egbaen-Siluko against Oba Ewuare II, the Oba of Benin and the State Government, who are defendants in the suit.

“It is sad and painful that the matter which is essentially among brothers had degenerated to the point of litigation.

“The government hearby appeals to all parties in the matter, being blood relatives, to work together and withdraw the matter from the court and begin a process of dialogue towards the amicable resolution of the issues in the interest of the sanctity of our most respected traditional institution.

“The government is also open to working with all parties for a peaceful resolution of the dispute”, Nehikhare declared.

In the suit number B/290OS/2023 filed by their Counsel, Dr. Osagie Obayuwana, before a Benin High Court, presided over by Justice P. A. Akhihiero, over their suspension, the claimants, Prof. Gregory Akenzua and Edomwonyi Iduozee Ogiegbaen, Enogie of Evbo-Obanosa and Egbaen respectively, are challenging the monarch’s authority under the law to suspend them as the Enogie (Duke) of their respective communities.

They contended that their appointment as traditional chiefs was duly recognized by the Edo State Government.

The claimants who attached their registration certificates among the exhibits they relied upon in the suit, argued that they were duly registered under Section 25 (2) of the Traditional Rulers and Chiefs Law, just like other traditional rulers in the state.

In an affidavit in support of the originating summons he deposed to, Akenzua alleged that the people of the two Dukedoms were hoodwinked to embark on solidarity visits to the Palace of the paramount ruler in Benin during which they were reportedly suspended in their absence.

Relying on section 28 of the state traditional rulers and chiefs law, they argued that only the State Executive Council may sanction them (Enigie), if they were found wanting, adding that anything to the contrary is a usurpation of the powers of the State Executive Council.

They denied any wrongdoing by exercising their right to freedom of speech by writing a letter to the Governor of Edo State along with 94 of their fellow Enigie in 2022, in which they called on the governor to exercise the power conferred on him by law which they believed would lead to more rapid development of rural Edo State, particularly Edo South senatorial district.

According to the originating summons, “The two issues posed for determination by the court by the claimants are: Whether the Omo N’Oba can exercise the power to suspend a registered traditional chief, when the law vests that authority on the State Executive Committee.

“Whether the Oba of Benin has the authority to suspend them in violation of their right to fair hearing guaranteed by Section 36 of the Constitution of the Federal Republic of Nigeria.”

SEC Unveils New Rules On Issuance,Allotment Of Private Companies’ Securities

Mohammed Shosanya

The Securities and Exchange Commission (SEC Nigeria) has exposed New Rules on Issuance and Allotment by Private Companies Securities in the country.

It declared that any person who issues or allots securities without its prior approval or violates any provisions of its regulations will be liable to a penalty not less than N10 million in the first instance and a further sum of N100,000 for every day the violation continues.

The recommended fine is contained in the proposed new rules on the issuance and allotment of private companies and securities prepared by the Securities and Exchange Commission.

The rules apply to debt securities issuances by private companies either by way of public offer, private placement or other methods as may be approved by the commission; registered exchanges and platforms which admit debt securities issued by private companies for trading, price discovery or information repository purposes; registered capital market operators who are parties in issuances and allotment of debt securities of private companies.

The commission which set out stringent punishment for those who violate the regulation, stated: “Any person who issues or allots securities without the prior approval of the Commission, or violates any provisions of these rules shall be liable to any one or more of the following sanctions:

i. A penalty of not less than N10 million in the first instance and a further sum of N100,000 for every day the violation continues;

ii. Suspension, or withdrawal of the registration of the capital market operator(s) involved;

iii. Disgorgement of proceeds/income from the transaction; and iv. The Commission may ratify or rescind a transaction if it is in the interest of the public to do so; v. Any other sanction the Commission deems fit in the circumstance”.

The commission,in the document stated that a private company may list its securities on a registered securities exchange, adding that such securities must be listed not later than 30 days after completion of allotment.

SEC explained that for a private company to be eligible to issue securities under the regulations it must be a company duly incorporated under Companies and Allied Matters Act (CAMA), or other enabling Laws with at least three years track record of operation.

The regulations pegged the maximum amount a private company can raise within a one-year period at N15 billion provided that where a private company intends to undertake any further debt securities issuance, it shall be required to re-register as a public company.

It added that the issuing house would, within 21 working days of allotment, file with the commission a summary report containing post allotment information; summary of applications received; list of allottees of 50,000 units of securities or more and list of all allottees acquiring 5 per cent or more of the securities on offer; list of all applications received including list of those rejected and the basis for rejection, among others.

According to the proposed rule,for a private company with existing debt securities held by qualified investors, the company “shall no later than three months from the date of issuance of these rules, file an application for the registration of the securities to the Commission through the securities exchanges.

Failure to comply with this provision shall attract a penalty of not less than two million Naira and a further sum of N100,000 for every day the violation continues”.

It added that a private company “shall not offer its equity securities (shares) to the public under any circumstance. b) Debt securities issued under these rules, shall be sold only to qualified investors. c) Only registered capital market operators shall be parties to debt securities issuances under these rules. d) No private company or any person acting on its behalf shall offer, sell or allot securities to the public without the prior clearance of the securities exchange and registration of the securities by the Commission. e) Securities purchased in a public offer pursuant to these rules shall only be traded on a registered securities exchange”.

On the utilization of Proceeds, the Commission held that issuers are prohibited from using the proceeds of the issues for purposes other than those stated in the offer document without its prior approval, adding that “the issuer shall file with the Commission not later than 90 days after the conclusion of an issue on the appropriate SEC Form, detailed information on the utilization of proceeds.

Evidence of such utilization shall be provided as appendix to the report.The rendition shall be on a quarterly basis until issue proceeds are fully utilized”.

“The issuer is prohibited from using the proceeds of the issue for purposes other than those stated in the offer document without the prior approval of the Commission.

“The issuer shall file with the Commission not later than ninety (90) days after the conclusion of an issue on the appropriate SEC Form, detailed information on the utilization of proceeds.

“Evidence of such utilization shall be provided as appendix to the report. The rendition shall be on a quarterly basis until issue proceeds are fully utilized.”

The commission said the rules were made pursuant to “Section 43 (1) (b) of the Business Facilitation (Miscellaneous Provisions) Act 2022 which amends Section 67 (1) of the Investments and Securities Act and empowers the Commission to prescribe regulation for the issuance and allotment of private companies’ securities”.

Ekiti,Cavista Holdings Sign Pact On Improved Cassava Farming

Mohammed Shosanya

Governor Biodun Oyebanji of Ekiti State,says his administration will soon establish a state-of-the-art cassava farm spanning 100,000 hectares within the state.

The governor signed a Memorandum of Understanding (MOU) with a leading Nigerian investment company – Cavista Holdings (owners of Agbeyewa Farms Limited)

The MOU,which is worth billions of naira was signed by Governor Oyebanji and the Chairman of Cavista Holdings, Niyi John Olajide on the sidelines of the 2024 US-Africa Business Summit currently ongoing in Dallas, USA.

Present at the signing ceremony were the Speaker, Ekiti State House of Assembly, Rt. Hon Adeoye Aribasoye; Commissioner for Agriculture and Food Security, Mr Ebenezer Boluwade; Commissioner for Industry, Trade and Investment, Mrs Tayo Adeola; Commissioner for Finance, Mr Akin Oyebode; and Commissioner for Budget, Planning and Performance Management, Mr Niyi Adebayo.

On the Cavista Team were the company’s Managing Director, Mr. Dele Odufuye, Chief Financial Officer, Mr Niran Olajide, Dr. Niyi Arije (Legal Director) Mr. Cyril Akika (Member of the Board of Directors) and senior management staff of the company.

Also present were Chief Dele Kelvin Oye, President of the Nigeria Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), who is also the Vice Chairman, Ekiti State Development and Investment Promotion Agency (EKDIPA); Chairman, Odu’a Investment Company, Otunba Bimbo Ashiru as well as other key stakeholders from the public and private sectors.

Governor Oyebanji articulated the government’s vision for agricultural advancement, emphasizing the importance of strategic partnerships in driving progress. He underscored Ekiti State’s commitment to creating an enabling environment for investment and urged other investors to explore the vast opportunities available in the state, particularly in sectors such as tourism, mining, and the burgeoning Ekiti Knowledge Zone and Special Agriculture Processing Zone.

He described the MOU as a testament of his administration’s commitment to the continuity of programmes of the immediate past administration of Dr Kayode Fayemi as enunciated in the State’s 30- year development plan. “This also speaks to alignment of vision. John ( Olajide) wants to create jobs. We want our people to prosper by creating opportunities for them. So, we found a good partner in John and the CAVISTA group”,he said.

He expressed gratitude to Cavista for its unwavering commitment to Ekiti State, which has led to several success stories in the Tourism and the Agriculture sectors, bringing about jobs opportunities and income to the state.

“The private sector is very critical to developing our economy, and as a government we must ensure that the process of doing business is easy, seamless and top-notch. I am very proud that Cavista has continued to demonstrate confidence in our state, and all their investments are now success stories. So I look forward to the successful implementation of this MOU to the benefit of Ekiti State and Nigeria”.

Chairman of Cavista Holdings,Niyi John Olajide stated that the company had no regrets investing in Ekiti, adding that its commitment is driven by his desire to create thousands of jobs for the people of the state.

“The success of our investment in Ikogosi Warm Springs Resort and our previous agricultural investment in the state, is what encouraged us to embark on this new cassava revolution initiative, to be driven by our subsidiary – Agbeyewa Farms. We are very proud of our partnership with the state and driven by my personal goal to create thousands of jobs in the state, we look forward to another successful partnership with the Ekiti State government under the distinguished leadership of Governor Abiodun Oyebanji”. He said.

Promo: Access Bank Gives Customers N200m, Three SUVs

Mohammed Shosanya

The 16th season of DiamondXtra, a savings and reward account where customers of Access Bank are rewarded with several prizes has finally been launched.

The event which took place on May 8th at Access Bank branch in Abuja, rewarded over 15,000 of its customers with N200 million in cash prizes, 3 brand new cars, and various other rewards.

The bank,which has been running the reward scheme since 2008, explained that the program is set asides to show appreciation by giving back to its loyal customers.

In his welcome address at the launch, Mr. Emeka Uzowuru,the Regional Director for North Central,Access bank, expressed delight on what the brand had been able to achieve over the years.

“As we launch the 16th season of Diamond Xtra reward, we are overwhelmed with gratitude and pride, the resounding success of the past seasons. And with the support of our esteemed customers, and unparalleled dedication of our colleagues, to date we have rewarded over 26,000 customers with outstanding sum of 6.5 billion naira”,he said

He further revealed how the brand has thrived well among competitors. “Despite challenges and attempts by competitors to mimic what we do, DiamondXtra remains unrivaled in the industry,” Mr. Uzowuru noted.

Among the DiamondXtra winners, Mr. Akowe John, an accountant who won a prize of N20,000, shared his excitement.

“Access bank is a wonderful bank And I must appreciate them for the encouragement. Truly they are doing well. I didn’t even believe that it would be my turn, but I thank God for what they have done and they should continue to wax stronger in the financial industry”, Mr John said.

Another winner, Mrs ijeoma Okeke expressed her joy at emerging as one of the winner of the 16th season of DiamondXtra rewards.

“I came to the event just to see what going on, I never knew I would be among the people that will win, cause towards the end I had lost hope, not until I heard my name, I was so excited. And that made me believe in access bank, and I will continue to upgrade my account with them”,Mrs Okeke enthused.

Don’t Amend CBN Act,IMF Cautions Nigeria

Mohammed Shosanya

The International Monetary Fund (IMF) has cautioned against the plannef amendment to the Act establishing the Central Bank of Nigeria (CBN),calling, rather, for the strengthening of the apex bank.

The Fund conveys this position in the Article IV Staff Consultation Report of the Board of Governors of the global organization, which was released in Washington,on Thursday.

It said,directors supported the authorities’ intentions to shift to an inflation targeting regime and recommended strengthening central bank independence and communication to ensure a successful transition.

It added:“They recommended caution regarding amendments to the Central Bank of Nigeria (CBN) Act that might weaken the central bank’s autonomy.

“They encouraged further progress in implementing the outstanding recommendations from the 2021 safeguards assessment.

“Directors commended the authorities for restarting the cash transfer program and emphasized the urgency of scaling it up to mitigate acute food insecurity.

“They welcomed the authorities’ work on a comprehensive revenue mobilization strategy including boosting tax enforcement and broadening the tax base.

“They stressed the importance of keeping a tight monetary policy stance to put inflation on a downward path, maintaining exchange rate flexibility, and building reserves.

“Directors welcomed the removal of foreign exchange market distortions and encouraged the authorities to continue improving the functioning of the FX market, including by adopting a well-designed FX intervention framework.”

Senate Prescribes Death Penalty For Importers,Traffickers Of Hard Drugs

Mohammed Shosanya

The upper chamber of the National Assembly on Thursday approved death penalty for importers, manufacturers and traffickers of hard drugs.

This is even as Senate Committee on National Security and Intelligence backed the cybersecurity levy initiated by Central Bank of Nigeria (CBN).

The decision of the Senate to approve death penalty as punishment for importation of hard drugs into the country, was sequel to a debate on a bill on National Drug Law Enforcement Agency (NDLEA) Act (Amendment) Bill, 2024.

The report on the bill was jointly produced by the Committees on Judiciary, Human Rights and Legal Matters/Drugs and Narcotics.

The punishment is also applied to manufacturing, trafficking, dealing in or delivery of the drugs by any means.

The drugs specifically mentioned in a new bill passed by the Senate on Thursday are Cocaine, Heroin, among others.

The maximum punishment in the extant law for offenders, which is life imprisonment, was amended by the lawmakers to death sentence.

During debate on the report on the bill, Senate Whip, Sen. Ali Ndume, recommended that the penalty should be “toughened” to the death penalty, which majority of the senators agreed to.

The penalty for drug importation or dealership is captured in Section 11 of the extant law, which Ndume sought to be increased to death sentence.

Ndume said: “This should be changed to the death sentence. This is the standard worldwide. We have to do this to address this problem of drugs that has seriously affected our youths.

“It should be toughened beyond life imprisonment. It should be the death sentence, either by hanging or any way.”

But, some senators, who protested against the death sentence were overruled by the Deputy President of the Senate, Senator Jibrin Barau, who presided over the plenary at that moment.

Specifically, former Governor of Edo State, Sen. Adams Oshiomhole, loudly protested against the decision of the Senate.

Protesting the death sentence, Sen. Oshiomhole said, “when a matter has to do with life and death, we should be accountable. Let’s divide the Senate.

“This is lawmaking. We are not here to take voice votes.”

Overruling Oshiomhole, the Deputy President of the Senate said, “this is about procedure. You were supposed to call for a division, you didn’t do so, and I am sorry I can’t help you.”

Sen. Sampson Ekong, (Akwa Ibom State), who also tried to protest the ruling, was also overruled.

The Senate went ahead to pass the bill for third reading.

Addressing newsmen after the plenary, Senator Mohammed Monguno, who lead debate on the Bill, disclosed that the Senate actually approved the death sentence.

He explained that the protest by Oshiomhole and other lawmakers, even if they had louder voices, did not change the ruling of the presiding officer, adding, “the ruling of the presiding officer is the position of the Senate.”

Addressing the controversy trailing the cybersecurity levy, the Chairman, Senate Committee on National Security and Intelligence, Senator Shehu Umar Buba, said that the levy is not punitive as it has numerous exemptions to protect and relieve ordinary citizens, particularly the poor.

According to him,the exemptions include salary payments, intra-account transfers, loan disbursements and repayments, and other financial transactions.

He further said that the levy is provided for in the Cybercrimes (Prohibition, Prevention, etc) (Amendment) Act, 2024.

Senator Buba said the amendments to the Cybercrimes Act were a collaborative effort with the National Assembly’s ICT and Cyber Security Committee.

The committee also underwent a transparent public hearing process, receiving contributions from various stakeholders. Both Houses of the National Assembly unanimously passed it before President Bola Ahmed Tinubu signed it into law.

Senator Umar emphasised that the provisions for the cybersecurity levy have been in place since 2015 but were delayed due to unclear interpretations and applications.

He said: “The Cybercrimes Act of 2015 has provisions for imposing a cybersecurity levy since its enactment, but the vagueness of Section 44 led to different interpretations until the 2024 amendments. The levy is 0.5%, equivalent to half a per cent of the value of all electronic transactions by businesses specified in the Second Schedule to the Act.

“The amendments addressed crucial gaps in the Act and empowered the nation to implement the National Cybersecurity Programme effectively. They also seek to realign and empower the country to combat the inadequate funding and disruptive effects of cyber threats on national security and critical economic infrastructures.”

Senator Umar underscored the criticality of the cybersecurity levy’s implementation, stating that its prudent utilisation will bolster the nation’s capacity to evaluate, execute, upgrade, and fortify the security of national critical economic infrastructure, thereby safeguarding the nation’s cyberspace.

The Committee commended the Office of the National Security Adviser and the Central Bank of Nigeria (CBN) for initiating the operationalising the cybersecurity levy, highlighting its benefits far outweigh its drawback.

He expressed appreciation to the leaders and representatives of MDAs at the federal and state levels, as well as to all stakeholders, who contributed to this effort’s success.

Maintaining that the Committee’s mandate is to create laws that align with the aspirations of Nigerians, he appealed for public support, assuring that the policy will yield maximum benefits for citizens in the shortest possible time.

Enugu State Govt, FAAN Constitute Committee On Upgrade Of Enugu Airport

Mohammed Shosanya

The Enugu State Government and
and the Federal Airports Authority of Nigeria,have constituted committee on infrastructural upgrade of Enugu Airport.

The constitution of the committee will fine-tune the terms of cooperation between the state government and the Federal Airports Authority of Nigeria, FAAN, and work out other modalities towards the actualisation of the long-awaited infrastructural upgrade.

Meanwhile, the Committee is to be chaired by the Commissioner for Transportation in Enugu State, Dr. Obi Ozor, and co-chaired by Mr. Hycienth Ngwu, Head of Business Development, FAAN.

The Managing Director of FAAN, Mrs. Olubunmi Oluwaseun Kuku,commended what she described as “the wisdom of the Enugu State Government to partner with FAAN in providing critical infrastructure that will enhance the ability of the Akanu Ibiam International Airport in providing seamless operations in cargo, domestic, and international passenger facilitation.”

Speaking at a meeting between the state government and FAAN at the Government House, Mrs. Kuku stressed that the infrastructural upgrade, when completed, would “catalyse the business potential of the South East region, increase wealth creation within the zone, reduce poverty, and enhance the GDP of the states within this geopolitical zone.”

She explained that separate studies by the International Civil Aviation Organisation and the International Airport Transport Association had demonstrated that ”airports are engines of economic growth and that “one percent of a state budgetary allocation spent on an airport has the ability to triple the state’s GDP.“

“In this regard, we welcome the nomination of experts from the state and from FAAN to join a committee that will commence further actions and with timelines. That will aid in signing the necessary MOU for the immediate implementation of the project as envisioned by the governor,” she stated.

Speaking,Governor of Enugu State, Dr Peter Mbah, reiterated his government’s determination to make the state the preferred destination for investment, business, tourism, and living as well as grow the state’s economy from the current $4.4 billion GDP to $30 billion GDP in the next four to eight years.

He, however, said that the government was aware that such exponential growth would not happen without providing the necessary environment, including world class airport, aviation, and logistics services, that would make the state attractive to private investors.

“For example, in our plan for tourism, we have projected to have over three million visitors come into Enugu State every year from next year. So, when we think in numbers, in terms of logistics, we will be expecting over 100 flights to come into Enugu on a daily basis. Therefore, the current infrastructure cannot handle it.

“Therefore, we are going to work with you to operationalise the international wing of the airport. We are also interested in constructing the cargo terminal and warehouses,” the governor stated.

He explained that the initial issues with the Nigerian Airforce surrounding the proposed site for the cargo terminal had been resolved following the execution of an MoU with the military service and there was nothing encumbering the commencement of the project.

“One of the impediments, which is something we came across when we assumed office and we have been able to deal with that, is our relationship with the Nigerian Airforce. We now have green lights to go ahead with the construction of the cargo terminal following our agreement because we have executed an agreement with the Airforce.

“We have an understanding where they are to build their barracks and where we are to build the other infrastructure. That is all sorted out now. We are hoping that we get this Committee sitting done and concluded within the next two weeks. And so, by the next time we will meet, it will just be to sign the dotted lines. This is a priority for us as government”, Mbah stated.