Skip to main content

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...

Nigeria needs me solve its problems, says Tinubu

By Akinola Ajibade

 

National Leader, All Progressive Congress, (APC) ,Asiwaju Bola Ahmed Tinubu has said that Nigeria needs him to tackle it's multifarious 0roblems. 

He said this during a one-day forum organised by the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, for serving Speakers and the former Speakers and deputies in Ikeja GRA.

The occasion was graced by 13 serving speakers from APC governed States. 

Speaking on the theme:'' The Legislature, changing times and Nigeria’s democratic journey”. Tinubu noted that he was the first state governor to grant autonomy to the House.

He said “We have the brilliance, the resources and the focus. We do not just know how to run the race and take care of the gear of progress. Just as I need Nigeria, Nigeria needs me. Nigeria needs drastic courageous changes that will bring revenue and I am that courageous one it needs. I was raised to be courageous and this has been working for me. I want to bring same to bear as president of Nigeria.

“In the face of tyranny, I have survived, struggled for democracy; I have endured the bush path, lived without a family, spent resources. To make Nigeria one is a task and who could do it? I am one. I am the first governor to grant autonomy to the House of Assembly. I survived non-allocation of local government funds. We didn’t suffer; we didn’t retrench. We made progress out of adversity.”

Tinubu further stated “I inherited N600m as Internally Generated Revenue with zero allocation from Federation Accounts Allocation Committee. But we survived and today, Lagos is number one economy. That is why I am begging you to do me a favour so that I can do Nigeria a favour.

“It is a very challenging time for us in the country and we need to decide the next leadership right. We need to intellectually assess the current situation, bring in a person with a clear vision and ability to deliver. Accelerated development of our country is all about thinking, doing and being courageous. I am a thinker and a doer.”

Mudashiru Obasa described the Presidential aspirant, Tinubu, as a talent hunter and the brain behind the legislative autonomy of the state.

Obasa said “I am standing here before you because Asiwaju is a talent hunter. He is someone that would support you, raise you to a point of leadership and give you room to excel. I can confirm that he is the brain behind the legislative autonomy that we enjoy today at the Lagos State House of Assembly and he did this far before the clamour for it by other states.”

In a statement made by the Lagos State Governor, Babajide Sanwo-Olu, he said the forum was held as part of wide consultations embarked on by the APC leader in his bid to win the support of the party members across various backgrounds and camps.

Speaking further, Sanwo Olu said “It is not by chance that you all are gathered here today. It is because we agree totally that you all are important stakeholders that need to be engaged and identified with separately from others. You are the real foot soldiers who can go back to the hallowed chambers and pass the message to all members of your respective Houses of Assembly and your former colleagues in the legislature across

Comments

Popular posts from this blog

'Nigeria Needs Carbon Emission Reduction To Diversify Energy Portfolio'

SNEPCo Wins Awards  By Favour & Akinola Ajibade Nigeria will be able to reduce carbon emission caused by fossil fuels production, once its  renewable energy portfolio, is diversified, Shell Nigeria Exploration and Production Company (SNEPCo) Managing Director Mrs, Elohor Aiboni has said.  According to her, Nigeria would meet the energy needs of its growing population of over 200 million people, once it encourages Public-Private Partnerships in renewable energy, adding that the development would enable her to overcome high investment costs and limited access to financing. She spoke in Lagos, during the 41st annual International Conference and Exhibition of the National Association of Petroleum Explorationists (NAPE). The event was organised for her and  other senior officials of the company.  SNEPCo's Managing Director, Alboni  At the event are officials of SCiN) and their various awards. There,SCiN won the Best Exhibitor and Plat...

NUPRC Is Not Leaving Abuja As Erroneously Speculated

By Ibrahim Musa With clear mandates – ensuring compliance with petroleum laws, regulations and guidelines, monitoring of operations at drilling sites, producing wells, production platforms and flowstations, crude oil export terminals, and all pipelines carrying crude oil, and natural gas, supervising operations being carried out under licenses and leases, monitoring operations to ensure that they are in line with national goals and aspirations – the Nigerian Upstream Regulatory Commission, NUPRC, occupies a very influential position in Nigeria’s oil and gas industry. The NUPRC also has the mandate to monitor operations to ensure that they are in line with national goals and aspirations, including those relating to Natural Gas Flare elimination & monetization, Domestic Gas Delivery Obligations and Domestic crude oil supply obligations and ensures that Health Safety& Environmental regulations conform to national and international best oil field practice. The agency fu...

Nigeria Loses N10tn to Poor Electricity--- MAN

Its DG, Kadir-Ajayi By Favour & Akinola Ajibade Nigeria's manufacturing sector is losing about N10 trillion or two percent share of its Gross Domestic Product( GDP) to poor supply of electricity, the Manufacturers Association of Nigeria MAN 's Director-General of, Mr Segun-  Ajayi Nadir, has said. He said the electricity reforms introduced by the administration of President Bola Ahmed Tinubu, would help in salvage the sector, if well implemented.  The DG said this, while accessing the impact of of the country's electricity situations on the economy, stating that the sector would help in guaranteeing the growth and development of the economy, once the its reforms are adequately implemented.  According to him, the unfavourable situation in the power sector has placed the country among the worst countries to do business with a rank of 171 out of 190. On the recently signed electricity Act, the MAN's DG said that the 2023 Act will be a major game...