NDDC Boss Seeks Immortalisation Of Okilo Through Literature

Mohammed Shosanya

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku has advocated the need for the immortalisation of past Niger Delta leaders through historical literature.

Ogbuku spoke in a goodwill message at the 16th memorial anniversary and launch of the Chief Melford Okilo endowment fund held in Port Harcourt,a statement from Seledi Thompson-Wakama,Director, Corporate Affairs said.

According to him,the best way to commemorate the first civilian Governor of Rivers State, late Okilo, would be through literature, which was more enduring than the yearly memorials or lectures.

Through literature, future generations will learn from Okilo’s selfless political career and philosophies, Ogbuku said, adding that :“Immortalising Melford Okilo is not all about celebrating memorial or delivering lectures.For those of us who are academics, let us write literature about Okilo—his good works, his sacrifices, his philosophy, his principles, so that the younger generation will also be guided by the philosophy and principles of Chief Melford Okilo.”

Ogbuku affirmed that Okilo served selflessly without thinking of how to amass wealth, submitting that the former governor taught humanity the lessons of sacrifice.

He added: “Okilo was a true nationalist whose humble and selfless sacrifice led to the Ijaw nation producing the first president from the Niger Delta.”

He urged political leaders to emulate the virtues of Okilo in their political career, adding that “we must be selfless and work towards what will benefit our people.”

Ogbuku,who is Okilo’s kinsman from Ogbia Kingdom in Bayelsa State, suggested that a standard library should be built to immortalise the late political icon.

He promised that the Commission would partner with the organisers of the Okilo memorial anniversary to support the programme and the library project when it takes off.

Speaking,the Governor of Rivers State, Sir Siminalayi Fubara, described Okilo as a politician with great vision, who governed the old Rivers State with frugality and transparency.

The governor, who was represented by the Secretary to the state government, Dr Tammy Danagogo, said that Okilo was an embodiment of patience, humility and selflessness.

He stated: “The history of the Niger Delta and indeed,Rivers and Bayelsa states will be grossly inadequate without the mention of his selfless service to the region.

“As the first civilian governor of Rivers State, he recorded many firsts; Including establishing a state university, an independent power project, development clusters, payment of bursary to students, as well as being an advocate for resource control.”

The representative of former President Goodluck Jonathan, Dr. Godknows Igali, described Chief Melford Okilo, as a true nationalist.
He observed that Okilo struggled and abandoned his own comfort for the good of the ordinary people, adding that he exuded love for his people and fought against injustice.

He advised political leaders to always do things that would unite people, and not divide them, to write their names in history when they leave the stage.

NESG Unveils Advisory Council To Drive Nigerian Economic Reforms

Mohammed Shosanya

The Nigerian Economic Summit Group (NESG) has inaugurated its National Economic Advisory Council to strengthen its mission of fostering an open, inclusive, sustainable, and globally competitive Nigerian economy.

The Council consists of distinguished economic experts with significant research experience in African and Nigerian economic issues,a statement said on Sunday.

According to the statement,the Council will convene quarterly to receive briefings on the Nigerian economy, deliberate on key findings and challenges, and provide strategic advice to the NESG on short, medium, and long-term economic policy advocacy.

Besides,the Council will hold an annual retreat to evaluate and refine the NESG Research Agenda and assess its impact on NESG’s advocacy and reform activities.

Commenting,NESG Chairman, Niyi Yusuf, emphasised the urgency of inaugurating the Council in light of ongoing economic challenges such as the rapid implementation of fuel subsidies and exchange rate reforms, food insecurity, declining living standards and poor Human Capital Development (HCD) indicators, among others.

He said: “Nigeria has encountered various economic and political obstacles in recent years, underscoring the urgent need to redesign its systems and address structural issues.

“One of Nigeria’s pressing concerns is translating economic growth into improved lives and livelihood of all its citizens.

“Despite experiencing growth, the country grapples with income disparity, multi-dimensional poverty and working poverty.

“These challenges are worsened by an uneven allocation of resources, macroeconomic instability, and institutional deficiencies.”

He highlighted the role of the Council, comprising some of the most brilliant and experienced minds, in guiding the NESG on the evolving economic development philosophies, policy frameworks, and approaches that align with its mission.

“With your support, the NESG will continue to lead the charge in economic policy advocacy, fostering an environment where the private sector can thrive and contribute to the nation’s development.

“We are deeply grateful and I express my deepest appreciation to each of you for accepting this invitation to serve and drive meaningful change that can shape the future of our economy,” he said.

The new council members include: Professor Osita Ogbu, Co-Chair; Dr. Mohammad Sagagi, Co-Chair; Dr. Friday Kanu Ohunche; Professor Risikat Oladoyin Dauda, Professor of Economics, University of Lagos; Dr. Yemi Kale, Group Managing Director, Research and Trade Intelligence & Group Chief Economist at the African Export-Import Bank; Professor Jonathan Aremu, Professor of International Economic Relations; Dr. Aloysius Uche Ordu, Professor Ummu Ahmed Jalingo and Dr. Adedoyin Salami.

We’re Not Owing International Traders $6.8bn-NNPC Ltd

Mohammed Shosanya

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has been faulted report that it’s indebted to international oil traders to the tune of $6.8bn and that it has not remitted revenues to the Federation Account since January,among other allegations.

Olufemi Soneye,Chief Corporate Communications Officer,NNPC Ltd gave the clarification in a statement on Sunday,where he explained that in the oil trading business, transactions are carried out on credit, and so it is normal to owe at one point or the other.

But NNPC Ltd., through its subsidiary, NNPC Trading, has many open trade credit lines from several traders,the statement quoted,adding that the company is paying its obligations of related invoices on a first-in-first-out (FIFO) basis.

The statement also said,it’s not correct to say that NNPC Ltd. has not remitted any money to the Federation Account since January. NNPC Ltd. and all its subsidiaries remit their taxes to the Federal Inland Revenue Service (FIRS) regularly.

It said:”This is in addition to payments of CIT to road contractors under the Road Investment Tax Credit Scheme. In all, NNPC Ltd. is the largest contributor to the tax revenue shared every month at the Federation Account Allocation Committee (FAAC)”.

The statement shed light on the issue of quality/quantity fiscalization of imported petroleum products,saying NNPC Ltd. has no role whatsoever as it is not a regulator.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which is the relevant regulatory agency in charge of such issues, is an independent body and does not report to the NNPC Ltd,it clarified in the statement.

It said:”NNPC Ltd. is not averse to inquiries by the media into issues on and around its operations before dissemination to the public either through the print or electronic channels of communication as the company will, always, gladly take the opportunities to state the facts of the subject matter(s).

“This is in line with the company’s commitment to the Transparency, Accountability, and Performance Excellence (TAPE) philosophy as emplaced by the Mele Kyari-led management since stepping into the saddle in 2019”.

We’re Sued 70 Times In 7months-NUPRC

Mohammed Shosanya

The Nigerian Upstream Petroleum Regulatory Commission,has been in over 70 cases in the first seven months of 2024.

The Secretary and Legal Adviser of the commission, Olayemi Anyanechi, who said this during a stakeholders’ consultation on the Alternative Dispute Resolution Centre’s rules of procedure, disclosed that NUPRC was dragged into different cases by various groups or individuals, including host communities.

She emphasized the import of the ADRC,adding that the Nigerian oil and gas industry is very important and can get very contentious .

She disclosed that most of the disputes that arose from the 2020 marginal bid round had been settled out of court, adding that the Petroleum Industry Act also gave room for some cases among host communities.

She added:“With the twilight of the 2020 marginal field bid round, for instance, there were a lot of disputes and we actively engaged those awardees. We sat them down, we settled those disputes, so we kept a lot of disputes out of the courts.

“If you look at the Nigerian courts now, you wouldn’t find a lot of those marginal field bid-round disputes. Quite a lot of them have been settled. With the PIA, host community issues also gave rise to a lot of disputes and it’s understandable. Our host communities feel that the communities have to be developed a bit more.

“So there are a lot of issues that we understand and we have so many cases in court. For instance, the commission this year alone received about 70 cases and we spent so much of the Federal Government’s money defending matters. So for us, it (ADRC) is important to be able to oversee the industry, and to regulate the industry in a more convivial environment,” Anyanechi submitted.

According to her,the Chief Executive Officer of the NUPRC, Gbenga Komolafe, has been working assiduously to make the Alternative Dispute Resolution Centre one that can be a pride of Nigeria and Africa at large.