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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
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Lagos Lauds Ikeja DisCo Over Capacity Building


By Akinola Ajibade

Bouyed by the remarkable improvements in the operation of Ikeja Electricity Distribution Company ( DisCo) since privatisation of the sector in 2004, Lagos state government has commended the management of the firm for impacting greatly  on the youths greatly.
The government, through its Commissioner for Education, Mrs Folashsde Adefissyo, said the company has improved  the capacity of the youths,by supporting technical education in the state.
In a statement made available to the News Mirror by company yesterday, the  government attibuted the developmentt of technical education in the state to the Corporate Social Responsibility ( CRS) proogrammes  of the firm.
It  further praised Ikeja Electric for the achievements recorded by the Government Technical College ( GTC)in Ikorodu,  as one of the numerous achievements  in the areas of technical education in the state.
Still on Ikeja Electric,  the  government said that the distribution firm has helped in improving the trainings of the youths in the area of technical education, adding that many youths are now well equipped through that means.
Quoting the State Commissioner for Education, Mrs  Adefissyo, the government said that the presentation of Electrical Workshop in the school was a noble development, that is capable of bringing out the best in the youths, who are mostly students.
According to the government, the facility has added to the value of the school, adding that the feat would not have been possible without Ikeja Electric.
The firm quoted Adefissyo as saying that the facility is a good one  provided by Ikeja DisCo.
" The firm deemed it fit to upgrade the electrical workshop for benefit of the students. On behalf of Lagos State Government, I want to say a big thank you to the Management and Staff of Ikeja Electric. We are looking forward for more of such in the future..
Similarly, the Executive Secretary ,  State Technical and Vocational Education Board (LASTVEB, Ms. Moronke Azeez commended the utility company for the provision, adding that the mission of the Board was to provide industry response and gender inclusive technical and vocational education.
According to her, the Board was interested in the training of the students, as well as engaging technical partners to assist in creating  startups and employment opportunities for them. 
She said the State currently had about 400 partners involved in the exercise, adding that there was need for more private sector support of technical and vocational education in the state.
On her own part,  the Chief Executive Officer (CEO), Ikeja Electric, Folake Soetan said that the upgrading of the facility was one of the ways, in which the company was giving back to the society where it's operates 


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