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...
By Akinola Ajibade
Residents and Non-Residents in Lagos will as from tomorrow ( Thursday) start paying smaller amounts of money as fares for boarding the Bus Rapid Transit ( BRT) and other state-owned transport modes.
This follows the decision by the state governor, Babajide Sanwoolu to approve a 50 percent reduction on fares for passengers in the state.
Other transport modes approved by the governor were LAGRIDE taxi-scheme, First Mile and Last Mile buses, and Lagos Ferry Services (LAGFERRY).
While announcing the initiative, Sanwoolu said that the idea would help in reducing the problems of the residents, adding that that more Cowrie Cards would be provided at bus terminals to enable Lagosians to get onboard and benefit from the service introduced in response to yearnings of the residents.
He disclosed that food banks would be set up across the state, to distribute and assist vulnerable Lagosians to have access to better meals across the state.
The 50 percent reduction on all state transport facilities, Sanwoolu said, would be in place in the next seven days, stressing that the naira and fuel scarcity currently being experienced by Lagosians were policies introduced by the Federal Government would soon be a thing of the past.
He said: " A 50% cut in fares on all our BRT buses, LAGRIDE taxi scheme, First Mile and Last Mile buses, and Lagos Ferry Services (LAGFERRY). This will take effect from tomorrow for the next seven days. We will push out more Cowrie Cards to enable more Lagosians to get onboard our services.
Adding that: “I have directed that food banks be set up in various parts of the State to cater for the vulnerable. We will distribute foodstuff to various communities”, the governor added.
On scarcity of fuel, he said the state government is holding discussion the Nigerian National Petroleum Corporation Limited (NNPCL) on the issue.
Sanwo-Olu added that during discussions between the state representatives and NNPCL, the petroleum firm demanded that Ijegun Egba tank farm owners and operators be given unhindered access to the fuel depots.
The governor, who noted that about 40 percent of petroleum products used in Lagos come from the axis, disclosed that its officials have rearranged the timing of the work on the Buba Marwa Road, a dual carriageway that leads to the tank farms.
Accord
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