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...
Post a Comment

ASUU"s strike action is worrisome,says CDHR

By Akinola Ajibade

The Committee for the Defence of Human Rights (CDHR) has expressed concerns over the lingering strike actions embarked upon by the Academic Staff Union of Universities (ASUU), describing the issue as worrisome in the Nigeria''s education system 

The body, however,  urged the federal government to put an end to the action without unnecessary delay.

CDHR’s concerns is contained in a communique, signed by the National Publicity Secretary of the committee, Comrade Idris Afees Olayinka and  made available to National Association of Online Security Reporters (NAOSRE) in Lagos.

The communique read in part: “The incessant shutting down of Nigerian University System is not only killing the nation’s education quality and standard but also crippling the nation’s growth and development.

“It is no more news that the Academic Staff Union of Universities poised in raising the standard of nation’s education and making it a reference point, engaged the federal government of Nigeria through incessant and perennial industrial actions to press home the union’s demands.

“The ASUU’s protracted industrial actions cripple not only the education system of the country but different sectors of the economy with great consequences on the larger society. These industrial actions on many occasions have led to students’ loss of interest in education, poor academic performance, unstable academic calendar, unnecessary time extension, more cost on the part of students and parents among others.

“In line with the above, the Committee for the Defence of Human frowns at the government insensitivity to the ASUU’s demands over the years. It is therefore imperative for the federal government of Nigeria as a matter of urgency to address the lingering issues raised by the union and put an end to their action.

“All agreements and recommendations since 2009 and beyond must be respected and implemented. Additionally, UNESCO recommendation of 26% annual budgetary allocation to Education should be considered without further delay.”

According to statement, if no critical step is taken towards addressing the issue. CDHR will have no option but to mobilize mass actions against the federal government of Nigeria. The committee noted that the action is not to destabilize the political system but to put the government on its toes to address the agitations of the union.

In the same vein, CDHR condemned the continued disruption of academic calendar in government institutions and the apathetic attitude of political office holders, who are busy buying exorbitant nomination forms valued at N100m each, while the nation’s education sector and the economy at large are gasping for breath.

“The Federal Ministry of Education, National University Commission, Federal Ministry of Labour and Productivity and other stakeholders in Nigerian Education sector should put heads together to resolved these lingering crisis as well as preventing it’s future occurrence. The cause ASUU champions is a patriotic one.

“The federal government should expect mass actions from coalition of rights groups, labour unions and other NGOs in the event it fails to address permanently the perennial ASUU crisis.” The statement further read.

Comments

Post a Comment

Popular posts from this blog

ICPC Will Not Hesitate to Deal Oil Racketeers

By Favour & Akinola Ajibade Oil racketeers will henceforth face prosecution and subsequently sentenced to prison, in the event that the decision of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) stands by its decision to completely eradicate such activities in the country.  This happens as ICPC  secured a seven year conviction for  two fraudsters, Aso Adasa Morrison and Frank Biobarakuma recently.  The body in a statement signed by its spokesperson, Mrs. Azuka Ogugua and made available to the media, said the two suspects were first arraigned sometime in March 2013 before Hon. Justice B. A. Georgewill of Rivers State High Court 16 on a 17-count charge bordering on conspiracy, forgery and obtaining false pretence regarding transactions in crude oil in Nigeria  She said the court was informed of how the convicts and others at large between the month of March 2012 and February 2013 in Port Harcourt, fraudulently obtain...
Post a Comment
Read more

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g...
Post a Comment
Read more

'2023 will usher in robust oil industry, says independent producers

Pix depicting Nigeria's energy sector Favour Ajibade The Independent Petroleum Producers Group (IPPG),has said that Nigeria will experience positive changes across its  oil and gas value chain in  2023. Its Chairman, Mr. Abdulrazaq Isa, gave this predictions during the Group’s 2022 Annual Dinner in Eko Hotel and Suites, Lagos.  He said that the tangible effects of the Petroleum Industry Act  implementation, conclusion of this International Oil Companies IOC's divestment phase and the emerging dominance of the indigenous players across onshore and shallow water space; implementation of the decade of gas policy; and the expected deregulation of the downstream sector, will all jointly set the tone and direction for Nigeria’s oil and gas industry in the years to come. According to him, the group has an important role to play going forward and as such are best placed to ensure the optimal development of Nigeria’s hydrocarbon resources as its members have demon...
Post a Comment
Read more