NNPC Ltd Targets 2mbpd Output By December

 

          Mohammed Shosanya

 

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have increased crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4standard cubic feet per day (scfd).

 

 

 

The company announced this at a press briefing on Thursday,adding that the feat was achieved in compliance with the mandate of President Bola Ahmed Tinubu.

 

 

Olufemi  Soneye,Chief Corporate Communications Officer,NNPC Ltd, quoted the Group Chief Executive Officer, Mr. Mele Kyari,as congratulating the Production War Room Team that anchored the production recovery process.

 

 

“The team has done a great job in driving this project of not just production recovery but also escalating production to expected levels that are in the short and long term acceptable to our shareholders based on the mandates that we have from the President, the Honourable Minister, and the Board,” Kyari explained.

 

 

 

Speaking on the efforts of the Production War Room, the Chief War Room Coordinator and Senior Business Adviser to the Group Chief Executive Officer, Mr. Lawal Musa, disclosed that the feat was achieved through the collaborative efforts of Joint Venture and Production Sharing Contract partners, the Office of the National Security Adviser, as well as government and private security agencies.

 

 

 

According to him,the interventions that led to the recovery of production cut across every segment of the production chain with security agencies closely monitoring the pipelines.

 

 

 

He emphasized that when the Production War Room team was inaugurated on the 25th June 2024, production was at 1.430mbpd, but the team swung into action, culminating into it sustaining the production recovery to 1.7mbpd in August and hitting the current 1.808mbpd in November.

 

 

“We are confident that with this same momentum and with the active collaboration of all stakeholders, especially on the security front, we can see the possibility of getting to 2mbpd by the end of the year,” he stated.

 

 

 

Speaking on the development, Chairman of the NNPC Ltd Board of Directors, Chief Pius Akinyelure,who also congratulated the team,said he was happy to be part of the production recovery process, adding: “today, I will leave this place with my heart full of joy”.

 

 

 

He implored the company’s Management to come up with a cashflow projection based on the new production figures to facilitate planning, stressing that he was looking forward to further production increase to 3mbpd.

 

 

The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, expressed satisfaction with the performance of the team and pledged the Federal Government’s support for the company to do more.

 

 

 

 

 

UNESCO,Infinix Commence Robotics Training For Nigerian Teachers,Students

 

Mohammed Shosanya

 

 

The United Nations Educational, Scientific and Cultural Organisation (UNESCO),has launched a specialized training programme focused on artificial intelligence (AI) and robotics engineering.

 

 

 

 

 

The initiative, held at the UN office in Abuja, is a collaborative effort with tech giants Infinix Nigeria and Google, designed to empower both teachers and students with essential digital competencies.

 

 

 

The two-day training programme is to help deepen participants’ understanding of AI and robotics, which have become crucial fields in global technological advancement.

 

 

 

It brought together teachers and students from various institutions who learned about practical applications of AI in education and how to use robotics engineering to solve real-world problems.

 

 

 

 

 

Speaking to participants,UNESCO’s, Mr Abdourahamane Diallo, stressed the need to advance Science, Technology, Engineering, and Mathematics (STEM) education across all levels, particularly in sub-Saharan Africa.

 

 

 

He emphasized that strengthening STEM programs is crucial for developing countries to cultivate a skilled workforce of scientists, researchers, and engineers capable of tackling pressing environmental and health issues, in line with the Sustainable Development Goals (SDGs).

 

 

 

 

According to him, “Despite the significance of Science, Technology, Engineering, and Mathematics,” he noted that, “many countries in sub-Saharan Africa face challenges in this area. They lack adequate teaching tools, have underdeveloped courses and curricula in fundamental computer sciences, and do not possess well-equipped laboratories.

 

 

 

“Despite the availability of laboratories in some locations, they remain unused due to a lack of electricity and adequately trained teachers. Emerging technologies, such as artificial intelligence, robotics, and cloud computing, hold significant potential for enhancing STEM education and making it more accessible and effective.

 

 

 

 

“This current training initiative for Nigeria exemplifies UNESCO’s commitment to capacity building, with support from INFINIX and Google. I understand this is the first phase of the program, with a second phase planned to incorporate advanced technologies like 3D printing to further enrich STEM training in the country.”

 

 

 

 

Mrs Oluwayemisi Ode, Public Relations Manager for Infinix Nigeria, expressed the company’s goal for its latest two-day project, which is designed to spark the curiosity and creativity of Nigerian youth through hands-on experiences in robotics and AI-powered applications.

 

 

 

She said, “These are the kinds of innovations shaping the future workforce across the globe,” Ode explained. “We believe that by nurturing skills in robotics and artificial intelligence, we’re investing in a more resilient, innovative, and self-sustaining Nigeria.

 

 

 

“Our commitment to Nigeria extends beyond our devices. We are dedicated to equipping young people with the digital skills they need to succeed in an increasingly competitive global market.”

 

 

 

 

“We are excited to offer students hands-on experiences in machine learning, robotics, and AI applications, guided by some of the brightest experts in the industry.

 

 

 

“This is only the beginning, our journey will extend nationwide, empowering young people in cities, towns, and rural areas alike,” said Dr. Olagunju Idowu, Secretary General of the UNESCO National Commission in Nigeria, as he praised the initiative earlier in his speech.

 

 

 

“In 2020, the COVID-19 pandemic notably accelerated the adoption of artificial intelligence, especially in fields like telemedicine and remote work. Today, we see AI’s transformative impact across various sectors, schools now have smart classrooms equipped with computers to support students even in a teacher’s absence. In hospitals, banks, and the entertainment industry, the role of AI is growing rapidly and cannot be overstated.

 

 

 

“As we consider these advancements, it’s clear that artificial intelligence and robotics are remarkable innovations gifted to us by technology’s pioneers. I urge the younger generation to recognize the significance of AI and explore its applications in robotics, shaping a future enriched by these tools,” he emphasized.

 

 

The Director of Technology and Science Education at the Federal Ministry of Education, Mrs. Muyibat Olodo, stressed the crucial role of Science, Technology, Engineering, and Mathematics (STEM) in driving global progress, stressing that Africa must not lag in this trend.

 

 

 

Speaking through her deputy director, Dr. Stella Uhuegbu, Mrs. Olodo expressed confidence that the workshop would equip teachers and students with the latest STEM skills essential for navigating the complex ecosystem of modern learning.

 

 

 

“As a developing nation,we must craft a robust strategy to harness the technological potential of our youth if we are to advance and meet global standards in an ever-evolving world,” she said.

 

 

 

Mrs. Olodo also emphasized the important role teachers play in shaping the minds of future generations, noting that their commitment and passion are pivotal in inspiring students to pursue STEM careers.

 

 

“STEM forms the bedrock of sustainable development, and your influence as teachers is vital in guiding students toward careers in these fields,” she added.

 

 

 

 

Mr. Idowu, represented by Frances Ezejiofor, Secretary of the Nature and Science Sector, underscored the importance of the training, emphasizing its relevance in light of the increasing role artificial intelligence (AI) plays in everyday life.

 

 

 

He stated, “It is crucial to recognize that AI has become an integral part of our daily routines, whether it’s through personalized recommendations on online platforms or voice assistants that help simplify tasks.”

 

 

Wike Clears Air On Abuja Judges’ Housing Project 

     Mohammed Shosanya

 

The Minister of the Federal Capital Territory (FCT), Barr Nyesom Wike, has debunked allegations that the construction of homes for judges in Abuja is aimed at influencing the judiciary.

 

 

 

 

He clarified that the housing project is part of President Bola Ahmed Tinubu’s welfare initiative for the judiciary, aiming to bolster its independence rather than compromise it.

 

 

 

Wike explained that the project is a key provision in the 2024 federal budget, with Tinubu’s administration recognizing the need for judges to have secure, government-owned residences as a measure against potential manipulation.

 

 

 

According to Wike,the initiative was designed to move judges out of rented accommodations in areas vulnerable to security concerns.

 

 

 

“President Tinubu asked, ‘Where are the judges living?’ He emphasized that judges without stable homes could be subject to undue political pressure. To ensure judicial independence, he mandated the construction of housing for them,” Wike stated. “I’m simply implementing what Mr. President and the Federal Executive Council have approved and what the National Assembly has budgeted.”

 

 

 

In a media briefing on Wednesday,Wike emphasized that, as a minister, he is executing a policy that was legislated and approved at the federal level, adding, “I’m not the President. This is his vision to support the judiciary’s independence.”

 

 

 

Reflecting on his past as Rivers State governor, where he also supported judicial housing, Wike questioned why the project should be criticized instead of commended, especially by members of the legal profession.

 

 

 

He argued that similar welfare measures have proven effective in securing judicial independence and should be seen as a positive step.

 

 

 

MC Oluomo Is Not NURTW’s President,Baruwa Insists

 

 

      Mohammed Shosanya

 

 

The National President of the National Union of Road Transport Workers (NURTW), Comrade Tajudeen Ibikunle Baruwa,has faulted the inauguration of Musiliu Ayinde Akinsanya, known as MC Oloumo as the new President of the union.

 

 

 

Baruwa, in a statement by his lawyer, Mr Tolu Babaleye, said the inauguration of MC Oluomo as the National President of NURTW was without recourse to the judgment of both the National Industrial Court and Appeal Court that affirmed Baruwa as the leader of the transport union.

 

 

 

Besides,Baruwa, through his lawyer,said the inauguration of MC Oluomo as a factional President of NURTW was without recourse to the constitution of the union that guarantees the tenure of the offices of the leadership.

 

 

 

 

He added: “From all indications, it appears that a faction sat and decided on its own, having no recourse to the constitution of the union, or to the decision and judgments of the courts and decided to select an individual at random as the President of the Union.”

 

 

 

 

He said Baruwa was sworn in as the President of NURTW in accordance with the constitution of the union in August 2023 for 4 years and a faction of the union led by a former President, Alh. Najeem Usman Yasin, dissatisfied with the results of the election of the union, decided to formulate a caretaker committee to run the union.

 

 

 

According to him, Baruwa, being a law-abiding citizen,rather than resort to violence, chose to go to court to reaffirm the validity and legality of his Presidency and condemned the illegal committee formed by the faction.

 

 

 

He said a suit was instituted at the National Industrial Court of Nigeria and judgment was delivered in Baruwa”s favour on the 11th of March 2024 by Hon. Justice O.O. Oyewumi, dissolving the illegal Caretaker Committee and restraint Yasin faction..

 

 

 

 

Being displeased with the judgment of the court, he said an appeal was entered at the Court of Appeal Abuja by the faction led by Yasin where he sought to overturn the decision of the trial court.

 

 

 

 

He said the Court of Appeal, on November 8, 2024, dismissed the appeal of Yasin and affirmed the judgment of the National Industrial Court, barring Yasin and anyone claiming through him like MC Oluomo from interfering in the day-to-day running of the union as led by Baruwa.

 

 

 

Despite the court verdict,he said:”To our utmost surprise however, even before this decision of the honourable court could be celebrated by the victorious party, the news of the inauguration of MC Oluomo as the National President of the Union was announced in flagrant disobedience and disregard of the decision of the court despite being aware that the tenure of Comrade Baruwa Tajudeen Ibikunle is still subsisting and running as confirmed by the judgments of the National Industrial Court and Court of Appeal concurring.

 

 

 

 

“We therefore unequivocally state that Musiliu Ayinde Akinsanya Aka Mc Oluomo is not and cannot be the National President of the Union, and therefore urge that all news stations or platforms parading him as such be disregarded in its entirety.

 

 

 

 

“We further state that the only legally recognized National President of the Union is Comrade Tajudeen Baruwa Ibikunle, and this position has been confirmed by the court. The Attorney General of the Federation should not standby and allow the judiciary to be rubbished this way.”

 

 

Don’t Flout Directive On Meter Replacement,FCCPC Warns DisCos

 

Mohammed Shosanya

 

The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over recent rumours that its directive to Ikeja and Eko Electricity Distribution Companies (IKEDC and EKEDC) to immediately cease all activities related to the planned replacement of Unistar meters may be flouted.

 

 

 

Mr.Ondaje Ijagwu,Director, Corporate Affairs,who conveyed this in a statement said the directive remains in full force, and any attempt by these DisCos to proceed in contravention of it will attract severe consequences.

 

 

 

It said,contrary to recent rumours, the approval of new meter prices by the Nigerian Electricity Regulatory Commission (NERC) has no connection with the proposed replacement of Unistar meters by IKEDC and EKEDC.

 

 

 

According to the agency,the planned replacement has been invalidated by both the FCCPC and NERC, and there is no indication that the affected DisCos have breached its directives.

 

 

 

 

It added:”It is essential to clarify that Ikeja and Eko DisCos cannot proceed with the withdrawal or replacement of the Unistar meters unless they fully comply with NERC’s Order on Structured Replacement of Faulty and Obsolete End-user Customer Meters in the Nigerian Electricity Supply Industry (Order No. NERC/246/2021).

 

 

 

 

“The order mandates that meter replacements must be prompt, without disrupting service and at no cost to the consumer; and ensuring that consumers are not subjected to estimated billing due to delayed installations.

 

 

 

“The FCCPC’s position remains clear: non-compliance with these directives by Ikeja and Eko DisCos will not be tolerated. Any breach of this directive will attract stiff penalties in line with the provisions of existing consumer protection laws.”

 

 

The FCCPC advised consumers  to contact the FCCPC on the Commission’s line, 08119877785, dedicated to electricity issues, should they encounter any attempts by Ikeja or Eko DisCos to disobey this directive.

 

 

 

The FCCPC, said it remains unwavering in its commitment to safeguarding the rights of Nigerian consumers against unfair practices by service providers.

 

 

 

 

NNPC Ltd Strengthens Operations,Makes Fresh Leadership Appointments

 

          Mohammed Shosanya

 

 

The Nigerian National Petroleum Company Ltd,Wednesday announced key leadership appointments in a bold move at strengthening its operational efficiency and boost its competitive edge in the global oil and gas industry,

 

 

 

 

The company explained that the  move is in line with the provisions of the Petroleum Industry Act and the NNPC Ltd’s commitment to strengthening corporate governance and operational efficiency within national oil company.

 

 

 

Besides,it’s in line with the NNPC Ltd management’s commitment to ensure that the company continued to succeed in driving Nigeria’s energy sector.

 

 

 

The NNPC Ltd announced the appointment of Mr. Adedapo Segun as its new Chief Financial Officer (CFO),it said in a statement on Wednesday.

 

 

 

Segun was,until his appointment, the company’s Executive Vice President, Downstream.He is to take over the position of CFO from Mr Umar Ajiya.

 

 

 

 

The NNPC Ltd also announced two other key leadership appointments.They are the appointment of Mr. Isiyaku Abdullahi as the Executive Vice President (EVP), Downstream and the appointment of Mr. Udobong Ntia as the Executive Vice President (EVP), Upstream.

 

 

These appointments reflect NNPC’s commitment to building a strong and cohesive leadership team to drive operational excellence and strategic growth,the statement signed by Femi Soneye,the company’s image-maker said.

 

 

 

The NNPC Ltd. board and management, also extended their heartfelt appreciation to Mr. Umar Ajiya and Oritsemeyiwa Eyesan for their service to the company.

 

 

NNPC Ltd said it remains committed to operational excellence, financial sustainability, and global competitiveness as it continues to play a vital role in advancing Nigeria’s energy industry.

 

 

Mr. Adedapo Segun (Chief Financial Officer)

 

 

He joined NNPC Limited as Treasurer in April 2016 and enthusiastically drove a series of optimization initiatives culminating in ISO 9001:2015 certification of Group Treasury Quality Management Systems, the very first in the Finance & Accounts function.

 

 

 

 

In October 2022, following the transition to NNPC Limited, Segun became the pioneer Chief Finance and Investor Relations Officer where he was charged with the responsibility of raising medium and long-term financing for NNPC Limited and its wholly owned subsidiaries, as well as overseeing Investor Relations activities, including the Company’s journey towards its Initial Public Offer.

 

 

 

 

He led the negotiation and closing of financing initiatives to raise billions of US Dollars and has laid a solid foundation for the emergence of impending NNPC Limited as a Public Limited Liability Company.

 

 

 

 

 

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), having passed the qualifying examination of the prestigious body in 1990. Segun has an impressive record of successfully leveraging high decision quality in driving optimization and efficiency initiatives in both the private and public sectors.

 

 

 

 

With over 30 years of accounting and management experience, 25 of which were in a top ten fortune 500 company. Dapo’s oil and gas industry exposure covers both upstream and downstream, in Nigeria as well as in the United States of America.

 

 

 

 

Beyond the finance and accounting function, he has had experience broadening assignments in Facilities Engineering and Security Services.

 

 

Mr. Isiyaku Abdullahi (Executive Vice President, Downstream)

 

 

 

Isiyaku Abdullahi is a seasoned executive with over 30 years of experience in the oil and gas industry, known for his commitment to transparency, accountability, and performance excellence.

 

 

 

He has held various leadership positions, including Group Treasurer of NNPC Ltd, Managing Director of PPMC, and Group General Manager of Accounts/Financial Controller at the NNPC HQ and General Manager, Finance at the NNPC Pension Ltd., demonstrating his versatility and dedication to driving growth and prosperity in the industry.

 

 

 

 

As a seasoned leader, he has leveraged his technical, commercial, social, and political insights to drive growth and prosperity in the Nigerian Oil and Gas Industry and the Nigerian economy.

 

 

 

He has achieved numerous exceptional accomplishments, including turning PPMC’s fortunes from N3bn to N19bn profit, publishing NNPC’s first audited financial statements in 44 years, and facilitating cost savings of millions of dollars for the federation.

 

 

 

 

He is poised to lead NNPC Ltd to international prominence, increasing production capacity, rehabilitating refineries, and building new ones to augment energy security.

 

 

 

 

He has expertise in financial analysis for oil and gas,financial planning and management in the oil and gas industry as well as building financial models and forecasts for energy operations.

 

 

 

His ability to analyze data and solve problems related to financial performance is unique and he has been developing and implementing strategic financial plans and projects for the NNPC.

 

 

Udobong Ntia (Executive Vice President Upstream)

 

 

Until his appointment as the Executive Vice President, Upstream at the MNPC Ltd, Ntia was a past Executive Director at ExxonMobil

 

 

 

He is an experienced Project Executive with a demonstrated history of working in the oil & energy industry.

 

 

 

 

He is also skilled in petroleum and gas, and he is a strong business development professional with an MBA focused in Business Administration and Management, from the University of Houston.

 

 

 

He was also a one-time General Manager, External Relations & Business Development at ExxonMobil, where he was responsible for Venture Relations, Public & Government Affairs, and Commercial/Gas & Power Marketing.

 

 

 

 

Between 2009 and 2010, he was Area Operations Manager responsible for overall asset management and safe operations of four large offshore production facilities with related pipeline gathering network to onshore facility.

 

 

 

 

He was also accountable for efficient depletion of 2.5GBO Proved Reserves; prudent management of $200m per year in operating costs, and safe production into sales of 150,000 barrers per day crude oil with gas injection/gaslifting facilities in a challenging fiscal and regulatory environment.

 

 

Disconnection:IBEDC Insists UCH Must Settle N400m Outstanding Debt

     Mohammed Shosanya

 

 

Ibadan Electricity Distribution Company (IBEDC) has implored the University of Ibadan Teaching Hospital,UCH to settle its  outstanding debt to enable it to enjoy uninterrupted power supply.

 

 

 

 

The power company had disconnected the teaching hospital on account of its N400million unpaid electricity debt.

 

 

 

 

 

The power company said in a statement on Wednesday that it’s expected to meet 100% of its market obligations, and the outstanding debt from major customers like UCH directly contributes to the liquidity crisis within Nigeria’s power sector.

 

 

 

Expressing sympathy for the hospital’s situation but confirmed that the disconnection was due to UCH’s significant outstanding debt,the company said it was compelled to take this course of action as it faced  increasing pressure to meet our financial obligations to the market.

 

 

 

 

It reiterated its commitment to working with UCH and remains open to discussions on a flexible payment arrangement that could be mutually agreed upon by both parties.

 

 

 

It added:”IBEDC continues to advocate for timely payments from all customers, stressing that a stable and reliable power supply is dependent on the financial health of the sector. The company called on UCH and all other customers to settle their arrears to help resolve the ongoing challenges facing Nigeria’s electricity distribution system”.

 

 

 

NNPC,Dangote Refinery Ink 10-Year Gas Supply Deal 

 

       Mohammed Shosanya

 

 

 

The Nigerian National Petroleum Company (NNPC) Gas Marketing Limited (NGML),has signed a groundbreaking Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals.

 

 

 

 

 

This strategic partnership will supply the Dangote Refinery with 100 million standard cubic feet per day (MMSCF/D) of natural gas for power and production over the next decade, setting the stage for industrial revitalization in Nigeria, a statement said on Wednesday.

 

 

 

 

The agreement, signed at Dangote’s Corporate Headquarters in Lagos by NGML Managing Director Barr. Justin Ezeala and Dangote Group President Aliko Dangote, provides for a secure daily supply of 50 MMSCF/D with an additional 50 MMSCF/D as an interruptible reserve,the statement quoted.

 

 

 

According to the statement,this collaboration will enable the refinery in Ibeju-Lekki, Lagos, to leverage natural gas for power generation and as essential feedstock, boosting its operational efficiency and supporting national energy goals.

 

 

 

 

The statement added that the  initiative is part of President Bola Ahmed Tinubu’s policy to tap into Nigeria’s extensive gas resources to drive industrialization and economic growth.

 

 

 

 

 

The deal marks NGML’s first major agreement without capital expenditure (CAPEX) commitments, a feat considered unprecedented in Nigeria’s gas distribution sector.

 

 

 

 

With this collaboration, NNPC Ltd reinforces its role in fostering local production and enhancing domestic gas usage to support industries and boost the economy.

 

 

 

 

The agreement underscores NGML’s commitment to sustainable energy solutions, paving the way for greater stability, economic growth, and energy security for Nigeria,the statement said.

 

 

 

 

PH Helicopter Crash:FG Recovers Wreckage,Flight Recorder

 

Mohammed Shosanya

 

 

The Minister of Aviation and Aerospace Development, Festus Keyamo on Wednesday announced the recovery of the wreakage and flight recorder of the crashed S76C helicopter with registration marks 5N-BQG operated by Eastwind Aviation which occurred on October 24, 2024 in Port-Harcourt, Rivers State.

 

 

 

 

The helicopter with eight persons on board, six passengers and two crew member had departed Por-Harcourt Airport heading to FPSO Nium Antan when it crashed.

 

 

 

 

Keyamo also disclosed that the two crew members and one passenger are still missing while  the government of Cameron has been contacted to join in the continued search since one body was actually recovered from Cameronian water.

 

 

 

 

He said:”On day 1 of the accident, three (3) bodies of some debris suspected to be from the crashed helicopter were spotted floating and were picked up. So far, five (5) bodies identified to be of the deceased passengers were recovered, while one (1) passenger and two (2) crew members are yet to be found.

 

 

 

“At midnight on 31 October 2024, the wreckage of the helicopter was finally located at a depth of 42m,Latitude 04° 13.634’N and Longitude 008 19.442’E. Although scattered in pieces, major parts and components of the helicopter, except for the flight recorder (Black Box), were recovered, including the fuselage, two (2) engines, main gearbox, landing gears, main and tail rotor, tail rotor shaft, etc.

 

 

 

 

“The search and recovery efforts continued until the flight recorder was found on Friday, 8 November 2024. The search and recovery operations took over 14 days.

 

 

 

“On Saturday, 9 November, the wreckage departed the collection site on a ferry. It arrived at Onne Port on the evening of Sunday, 10 November. After completing the formalities at the port, the wreckage was loaded on the low bed truck on Monday, 11 November and is on its way to Abuja.

 

 

 

“Our specialists picked the flight recorder and brought it Abuja last night (Tuesday 12 November 2024). The process intricate process of readout of the recordings will begin immediately.

 

 

 

“Our objective is to conduct a thorough investigation using available techniques to find a safety issue and recommend a safety change to prevent a tragedy like this from happening again.

 

 

 

“We will examine the roles of man, machine, and the environment that might have directly or indirectly contributed to this accident. In the process, we will review the certified maintenance documents of the crashed helicopter and the crew’s training and medical records.

 

 

 

 

“We have received full cooperation from
the operator, NCAA, NAMA, and NiMet. The helicopter engines and related components will be thoroughly examined at our wreckage hangar in
Abuja after being subjected to a teardown exercise.”

 

 

 

 

 

He said the United States of America, as the State of Design and Manufacture of the helicopter, has appointed an NTSB investigator as the Accredited Representative, assisted by a Technical Adviser nominated by Sikorsky Aircraff while, France, as the State of Design and Manufacture of the engines, has appointed an Accredited Representative, assisted by a Technical Adviser from SAFRAN, the engine manufacturer to join in the investigation and possible recommendations.

 

 

 

 

He added:”All things being equal, we will publish the Preliminary Report on the NSIB website within 30 days.Usually, it takes up to a year or more to develop the Final Report and possible safety recommendations”.

 

 

 

He said NSIB whose mandate it is to conduct independent investigations of transportation occurrences with the sole objective of accident and serious incident prevention in all modes of transportation by making safety improvement recommendations is instituting a family support programme to assist the bereaved families.

 

 

 

He added:”Additionally, the NSIB’s family assistance department, in collaboration with the NTSB and the NTSB, will be working with the bereaved family members to bring them some comfort at this difficult time”.

 

 

Makinde Presents N678bn Budget Proposal,Gives Priority To Infrastructure

     Mohammed Shosanya

 

The governor of Oyo state, Seyi Makinde, has presented a total sum of ₦678.06 billion (N678, 068 767 332.18) to the Oyo state House of Assembly for legislative consideration and approval for 2025 budget.

 

 

 

While capital expenditure takes 51 percent of the total budget, recurrent expenditure stands at 49 percent.

 

 

 

The governor tagged the 2025 budget, “Budget of Economic Stabilization”.

 

 

According to the budget estimate, N343 billion was appropriated for capital expenditure, which represents 50.59 percent of the total budget,while N335 billion naira budgeted for recurrent expenditure represents 49.4 percent of the total budget.

 

 

 

In his presentation on Wednesday,Makinde said N152 billion has been appropriated for the infrastructural development of the state, which he noted took the largest percentage of the budget with 22.4 percent.

 

 

 

Besides,education received N145 billion, which represents 21 percent of the total budget. Health got N59 billion, which represents 9 percent while agriculture  got N18 billion, representing 3 percent of the budget.

 

 

 

He added that the 2025 budget proposal represents a 35 percent increase compared to the 2024.