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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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Fashola-Abiru: Complete Sagamu-Ikorodu and Itokin Roads in 2023

Abiru 

The Chairman, Senate Committee on Industries, Mr Mukhail Adetokunbo Abiru has gotten the nod  of the Federal Government to complete 30-km Ikorodu Sagamu  and also embark on the rehabilitation of 32-km Itokin Roads in 2023
He obtained the approval yesterday ( Wednesday) during a courtesy visit to the Minister of Works and Housing, Mr Babatunde Raji Fashola in his  office in Mabushi, Abuja. 

Abiru, who represents the Lagos East Senatorial Districts at the Red Chamber, also leverage on the visit to appreciate the efforts of the Minister on the two critical Federal roads, which he started on assumption of office as a senator two years ago.
The roads are Ikorodu- Itoikin and Ikorodu/ Sagamu.

The Senator further seized the visit to extend the gratitudes of his constituents to the minister for his great support to the  projects.

On his  part, Fashola informed the senator that the Federal Executive Council (FEC) has approved complete rehabilitation of the Ikorodu-Itoikin Road in January next year.

Meanwhile, critical sections of the 30-Km Ikorodu/Sagamu road, from; Sabo,Okegbegun, First Gate, Odogunyan, Ita-Oluwo, Ogijo, Gbaga, Sotubo, Mosimmi to Gbara Village have been fixed, remaining less than 8 Kilometre to get to Sagamu. 

The Minister assured Senator Abiru that the road would be completed  before the administration of 
President Muhammadu Buhari ends in 2023.
Recall that these achievements were made possible through a motion moved by Senator Abiru sometimes ago. 
The motion titled: Urgent need for the rehabilitation of the Ikorodu-Sagamu And Ikorodu-Itoikin- Epe Roads To Further Bridge The Infrastructure Gap And Enhance Economic Growth In Nigeria” in April 2021, highlighted the importance of the two roads to the nation’s economic growth, which  serve as access points from other parts of the country: Ogun, Edo, Northern states and routes to New Lekki- Ibeju corridor where Dangote Refinery and 
 Lagos Deep Seaport and Free Trade Zone among others, are situated.




 

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