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

Senate passes bill to complete Ikorodu-Shagamu Road


Abiru 

By Favour Ajibade



The National Assembly has passed the 2022 Supplementary Appropriation Bill recently, with a view to complete the Sagamu-Ikorodu Road.
The Senate passed the bill last week, in order to help facilitate the funds needed to complete the 30 kilometres road, which economically links Lagos Senatorial District to the rest of the country among other projects captured in the supplemtary budget.
Hitherto, the Chairman, Senate Committee on Appropriations, Senator Barau Jibrin (Kano North) has  presented the bill to the Senate for consideration, while the Senate on the hand has  approved the bill, as well as transmitting it to   President Buhari for assent. 
Recall that the Minister of Works and Housing,  Mr. Babatunde Raji Fashola, early this December,  gave assurances about making necessary  provisions for the inclusion of the required funds for the completion of the road in the supplementary budget of the Ministry when the Senator representing Lagos East Senatorial District, Senator Mukhail Adetokunbo Abiru FCA paid him a courtesy call in his office in Abuja.
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. 
In a statement issued by the Special Adviser to Senator Tokunbo Abiru and made available to the News Mirror, the lawmaker attributed the achievements to the instrumentality of its interventions via a motion moved by him.
 He said: “On The Urgent Need For Completion of 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"
 Senator Abiru further thanked the Minister of Works and Housing Minister, Mr Fashola 
 for making the project  a reality. 
He equally recognized Senator Ggenga Ashafa, his predecessor in the Senate under whose tenure the project was started. In the same vein, the #DoingGood Senator also acknowledged the support of Honourable Babajimi Benson, the member representing Ikorodu in the House of Representatives for his support for this intervention.

Comments

Post a Comment

Popular posts from this blog

Manufacturers Are Key To Nigeria's Economic Growth

By Favour Ifeoluwa & Akinola Ajibade  The Nigerian Economic Summit Group (NESG) says revitalisation of the manufacturing sector is key to the growth of the econnmy.  The group expressed this at a pre-summit webinar ahead of the 30th Nigerian Economic Summit, focusing on the theme:“Reversing the Decline: Strategies for Stabilising Nigeria’s Manufacturing Sector.” The event brought key stakeholders together to discuss on how to prevent decline in the manufacturing industry, by examining how current economic reforms impact the sector’s operations. Speaking,Dr. Muda Yusuf, Thematic Lead of the Manufacturing Group, Mr Musa Yusuf, who  represented Engr. Mansur Ahmed, Private Sector Co-Chair of the Manufacturing and Mining Policy Commission (MMPC) Steering Committee, highlighted the significant role of the manufacturing sector in Nigeria’s development. According to him,despite its potential, the manufacturing sector faces numerous challenges such as inadequate in...
Post a Comment
Read more

NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further s...
Post a Comment
Read more

Transcorp Appoints Christopher EzeafulukweAs Non-Executive Director

Favour Ifeoluwa & Akinola Ajibade  Transcorp Power Plc has strengthed its board with the appointment of Christopher Ezeafulukwe as a Non-Executive Director. This marked a significant change to its Board of Directors. The appointment, approved by the Nigerian Electricity Regulatory Commission, brings a wealth of experience and leadership to the company. Ezeafulukwe, a highly accomplished professional, has over 20 years of executive management experience across multiple sectors, including power, oil and gas, financial services, legal services, and corporate governance. His current role as Managing Director/CEO of Transcorp Energy Limited demonstrates his expertise in the energy sector. Prior to his current position, Ezeafulukwe held leadership roles at Abuja Electricity Distribution Plc and Transcorp Power Limited (now Transcorp Power Plc). He also served as Executive Director, Legal and Business Development, at Transnational Corporation Plc, showcasing his versatilit...
Post a Comment
Read more