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

'Nigerians should prepare for more floods in 2023,' says NEMA





Buildings submerged by floods


By Favour Ajibade



Nigeria will experience a more distaatrous flooding incident in 2023, the Director General,  National Emergency Management Agency (NEMA), Mustapha Abeeb Muhammed, has said.

He attributed the floods that are being experienced in many parts of Nigeria, due to the refusal of state governors to heed the earlier warnings of impending floods in 2022. 

He spoke on recently when he appeared  before the Senate Committee on Special Duties led  by Senator Yusuf Yusuf ( APC Taraba state) to defend the 2023 budget proposal of his agency .

He urged governments at all levels to prepare  the challenges ahead by establishing local emergency committees to mitigate the devastating impacts of floods and other disasters across the country.

“Despite the fact that states are collecting Ecological and other intervention funds from the Federal G0overnment, some of them could not boost the standing committee on disaster management and when there is a disaster they look up to the federal government for assistance”, he said.

He added that before the 2022 flood disaster, NEMA wrote about four letters to all states of the federation on the need to set up a local emergency committee to mitigate the impact of floods but only four states heeded the warning.

He disclosed a bottom-up approach in disaster management where the local government is the first respondent followed by the state and if it is beyond what the state can handle, the federal government can then come on board.

“But it is surprising that if there is any disaster, local governments and states look up to NEMA without first providing preliminary support and the manpower and resources at the disposal of NEMA is nothing to write home about. Even what happened in Bayelsa and other states in term casualties can be prevented or minimised if proper arrangements are made” he said

The Senate Committee on Special Duties decried poor budgetary allocation to NEMA and promised to come up with a legislation that would put the agency under the presidency for optimum performance.

It also urged NEMA to get the states engaged and ensure that there are proper plans for people displaced by floods.

“It is high time NEMA go beyond distributing rice, beans and blankets to victims of flood but ensure that you partner with state governments to set up camps for flood victims ” Senator Lilian Ekwunife

Earlier, NEMA boss told the committee that only N774 million is earmarked as capital vote for the agency in 2023, N1.77 billion for personnel cost while a sum of N162 million is proposed for overhead cost in 2023 budget.

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

SHELL PHOTOSTORY-2 ( LAKOWE GOLF COURSE, LAGOS

L-R: General Manager, Safety and Environment, Shell Nigeria, Elozino Olaniyan; Vice President Midstream, Henry Bristol; former Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Chike Onyejekwe; SNEPCo Managing Director, Elohor Aiboni and Shell Nigeria Vice President, Human Resources, Olukayode Ogunleye, at the Golf Kitty retreat organised for serving and retired leaders of Shell Nigeria at the Lakowe Golf Course, Lagos… recently. A cross section of serving and retired leaders of Shell Nigeria at the Shell Nigeria Golf Kitty Retreat held at Lakowe Golf Course, Lagos… recently.    
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