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The Nigerian National Petroleum Corporation, NNPC, has revealed that the country will become the regional hub of petrochemical and fertilizer by 2017.
The Group Executive Director of Gas and Power, Dr. David Ige, made this disclosure in Abuja last week, while receiving the prestigious Man of the Year Award from the Oil and Gas Year Book that chronicles the Who’s Who of the Global Energy Industry.
Ige said that with the gas development agenda of the Federal Government, in country capacity is being doubled, adding that in a few years from now the entire nation would be wired up with gas.
“All that we need is to make Nigeria a regional hub of petrochemical with fertilizer is in place, and by 2017, Nigeria clearly will become the regional hub of gas in Africa,” Ige affirmed.
He noted that the dedicated major gas infrastructure development initiated by the President Goodluck Jonathan’s administration is designed to create flexibility in the movement of domestic gas nationwide.
Ige further revealed that the Ajaokuta-Kano-Kaduna gas line is at an advanced stage of design to supply gas to the northern part of the country for power generation, and gas-based industries, stressing that similar gas infrastructure projects are ongoing in different parts of the country.
The NNPC director averred that the improvements in gas supply and power availability are a testament to the holistic approach of the administration’s resolve in ending the power crisis in Nigeria permanently.
He posited that the nation is on its way to achieving gas export parity, a development that would encourage greater investment from the private sector in the gas exploration and production.
He revealed that domestic gas usage has been increasing; noting that 300 taxi drivers had converted their cars to run on compressed natural gas in Benin City.
Ige applauded the organisers for the award and said it would spur him and the NNPC to record more milestones in the gas revolution agenda of the Federal Government.
Speaking in similar vein, the Director of the Department of Petroleum Resources, Mr. Osten Olorunshola commended the organizers for their painstaking efforts adding that the nation is moving forward as production of crude oil has stabilized in the country.
In his remarks, the Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Ernest Nwapa applauded the publishers for showcasing Nigeria in positive light aimed at transforming the economy of the nation through the Oil and Gas Industry.
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
THE Lagos State Government Monday explained the closure of Ladipo Spare Parts Market at Matori, stating that the closure came after it had held several meetings with the market leadership and traders, as well as issued warnings against abuse of the environment.
A statement by Fola Adeyemi of the state’s Ministry of Environment after the closure of the market Monday, stated that the Commissioner for Environment ordered its closure on Sunday after several meetings with the market leadership and traders and warnings over the deteriorating state of the market.
According to the statement, “the environment is seriously polluted and degraded with oil; surrounding canals are dumped with full and half engine spare parts and human waste, while illegal structures were built along drainage path and all the canal setbacks have been turned to shops and trading points.
“A visit to the place also shows that street traders have taken over the entire major inlet and outlet to the market, while residents have severally petitioned the Ministry of Environment about the lack of access to their homes and property.”
Accusing the traders of degrading all the major access roads to the market, which now need remediation and rehabilitation, the ministry said the market could only be reopened on “complete removal of all illegal and attached structures built along canal paths,” while “traders must be confined to the main markets and under no condition trade or solicit for customers on the main road.”
It added: “They must remove all shop attachments built round the market/canals and all derelict and abandoned vehicles packed within the market, as far as the expressway, remediate all forms of degradation on the roads and market area, sort out waste management issues with LAWMA, as they cannot continue to dump into the canals, and ensure total cleaning of the entire market and adjoining streets, which they have degraded, among others.”
The statement held that officials of the ministry had visited the place repeatedly as well as warned the traders, but without any noticeable improvement in hygiene at the market, and as such, the state government was left with no option than to seal the place.
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
The recent mention of three Nigerian banks in the World Banking Brands Ranking, released by the Banker Magazine of the Financial Times of London group and Brand Finance has brought about an improvement in the status of Nigerian banks among its peers in the global financial community.
In the recent ranking released, three Nigerian banks appeared in the top 500 ranking, with a combined brand value of $574 million (N90.7 billion), out of the total global banking brand value of $860.7 billion.
Only Nigeria and South Africa are the African countries that made the Top 50 banks by total brand value among the countries of the world.
Nigeria’s banks inclusion in the ranking is a pointer to the improvement recorded in the Nigerian banking sector over the years and also a reflection of the resolution of the crisis in the Nigerian banking sector.
Brian Caplen, Editor, The Banker Magazine, said on a global scale, total banking brand value of $860.7 billion are the highest they have ever been and are nearly double the level in 2009 during the worst of the financial crisis.
He added that bankers are now more aware of the importance of brand to their business and how it needs to be both invested in and protected.
Also speaking, David Haigh Chief Executive Office, Brand Finance, noted that the 2013 results show that globally the banking crisis is nearly over as both brand ratings and values are rising.
Caplen said the process has five steps. These are getting the brand-specific financial and revenue data before segmenting the revenue into retail banking, commercial banking, wholesale/investment banking, insurance, asset management and credit cards streams; model the market to identify market demand and the position of individual banks in the context of all other market competitors; establish the royalty rate for each bank; calculate the discount rate specific to each bank, taking account of its size, geographical presence, reputation, gearing and brand rating; and discount future royalty stream to a net present value which brings about the brand value.
First Bank leads the pack in Nigeria with a brand value of $201 million while the totality of the value of the three Nigerian banks that made the Top 500 World Banking Brands is $574 million and they collectively do the country proud as the country is among the World’s Top 50 by Total Brand Value.
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
As a follow up to the story on the relocation of Ikeja Computer Village, our correspondent, during a visit to Katangowa Market, along Lagos-Abeokuta expressway, gathered that Katangowa is the proposed site where the Ikeja traders may be resettled.
In terms of size, Katangowa is bigger than the Computer Village, as the market covers about 26 hectares of land with most of the traders dealing in second-hand clothes. Katangowa shows a vivid picture of a disorganised setting. While the major entrance to the market from Lagos-Abeokuta expressway is almost taken over by street traders, a large portion of the market has been overtaken by refuse. During the visit, some of the items seen on display in the market in large quantities were clothes, bags, shoes, curtains, belts and other textile materials. Also, many women and young girls were seen selling vegetable, fish, tomato, pepper and other food items in the market. While most of the dealers in textile materials operated in small shops, those trading in food items displayed their wares on the sidewalk thereby disrupting free flow of traffic around the market.
At the back of the market, which leads to Saint Peters Anglican Church, there were structures serving as residential homes. Lagos State Commissioner for Physical Planning and Urban Development, Mr. Olutoyin Ayinde, said measures were being put in place by the state government to rehabilitate Katangowa and thus fast track the relocation of the Computer Villagers traders.
He told Sunday Vanguard: “To start with, the initiative to rebuild the Computer Village is in line with the policy of the state government to re-plan Ikeja. The place you have as Computer Village today was a residential zone in Ikeja and not built for commercial activities. But due to long years of military rule, we seem to have lost a sense of order and planning. Now the state government is working tirelessly to rebuild the place and put it in a better shape.
“Government discovered that the Computer Village is no longer conducive and started making efforts to move the traders operating there to Katangowa. On the other hand, Katangowa is not a virgin land. One part of Katangowa has residential structures, another has the market while the other part is the dump site. The issue of pre-qualifying bidding exercise was when the expression of interest from private investors was invited. The concept was to get investors to rebuild the Computer Village , not before relocating Katangowa to another place called Amikanle. Realistically, we must first go to Amikanle to build a new market and move the people from Katangowa there before rebuilding the Computer Village . This is the issue because it is not possible to start the project at Ikeja when the operators are still occupying that place.
“Also, there are vital issues involved in the Ikeja project that the government is taking into consideration, which makes people think that the project is foot-dragging. For instance, you must first go to Amikanle, to build a new market for traders at Katangowa to relocate to. After that, compensation must be paid to individuals who built structures in Katangowa Market, because you cannot just wake up over night to restructure a place, destroying investments that people put there without adequate compensation. For example, we had a case of the people in Oluwole Market in Lagos Island , where government followed due process and the owners of the place were resettled and also have a stake in the new development. So, when we evaluated all these, some of those who expressed interest initially during the pre-qualifying bidding could no longer cope. Beyond that, we do not want to put the project in the hands of incompetent investors who will abandon it half-way.
“The last time we visited Amikanle showed that the level of development there is so much and will not be wise to clear those buildings and put a market. Aside from that, the location may not be viable to move the market there. At present, we are looking at a new model of how all the activities can co-exist, for Katangowa to accommodate the existing traders, the dealers in computer and allied products from Computer Village and the residential area. From our experience, often times, people who claim to have funds to invest in mega projects do not usually have it at the time the projects are awarded. So, if government starts by putting something there to show commitment, genuine investors will be encouraged to come in. Already, the ministry has started the design of a Digital Village in Katangowa by the state government, which is estimated at about N500million.”
On if there are underlying interests within the ministry to handle Ikeja project, he said, “This is not a direct labour project, so there is nothing like personal interest. Financial challenge made some companies that expressed interest initially to back out, but we still have those who submitted their proposals with us. In order to select a credible firm with the required financial capability and technical-know-how to handle the project, we have engaged a Transaction Advisor, who will look at the request for proposals from bidders and give government expert advice on the best company to engage. So that the project, when finally awarded, will be well executed. The government is methodical in approach by following due process. This is what people should appreciate”.
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Techno Oil has introduced new gas stoves targeted at low income earners, under its “Going Green Initiative.” The programme is aimed at creating cleaner, healthier and safer environment in Nigeria.
The Managing Director of the company, Mr Tony Onyeama, while addressing newsmen at a pre-launch press conference in Lagos, said, ‘We identify and align with the policy drive of the Lagos State Government to increase the use of cooking gas among a significant proportion of the populace within the next four years.”
Onyeama said that the TechnoGas stoves are to be formally launched at a public event, slated for the popular Oyingbo Market on the Mainland Local Government on Thursday, February 21, to give the low income earners, an opportunity to purchase the new product.
He explained that the product is designed and fabricated with distinguishing qualities such as safety, affordability, portability and environmentally friendly.
‘‘Techno Oil has distributed well over 20,000 units of 3kg, 5kg, 6kg and 12.5kg gas cylinders to Nigerian households at discounted and affordable prices’ he stated, adding: ‘This project has received commendations from consumers and operators in the petroleum industry,’’ he added.
He said further, “Motivated by our commitment to the environment, Techno Oil has actively promoted, and has been in the forefront of attitudinal change from fuels to cleaner energy such as gas.”
The Techno boss said the company has invested a huge amount of money to provide the gas cylinders and accessories for the stoves, adding that Techno Oil has entered into an agreement with an Asian company for the manufacture of the gas stoves to ensure sustainable supplies of the product.
Onyeama however decried the low consumption level of cooking gas by Nigerians, saying that the usage of cooking gas in Nigeria stands at 0.5kg per capita, compared to 3kg per capita in Ghana, 1.9kg in Cameroon, 5.5kg in South Africa and 44.4kg in Morocco.
“Today, there is great dependency on kerosene by both the middle and low-income groups in Nigeria, despite the huge amount of reserved in a bid to subsidise the product to Nigerians. Yet kerosene remains scarce and unavailable in many homes in the country.”
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Federal Capital Territory Administration, FCTA , has set aside N500 million from SURE-P funds for palliatives to take care of those to be affected by the new transport policy of Federal Capital Territory.
FCT Minister, Senator Bala Mohammed, stated this weekend while receiving the report of the Ministerial Committee on the Implementation of Mini-Bus Feeder Routes and Traffic Regulations in his office in Abuja.
According to him, “the FCT Administration is not implementing this new land transport policy to inflict pains on any mode of transport operator or commuters but to reduce transportation time.
“All the decisions being taken are not for personal interests but are in the overall interest of the country and in particular residents of the Federal Capital Territory.”
The Minister reiterated the commitment of the FCT Administration to sustain the Abuja Mass Transit Policy in line with the transformation agenda of President Goodluck Jonathan, noting that the mini-buses would have more work to do now than before.
The Minister said the FCT Administration would talk with some banks, including the African Development Bank, as well as Toyota Motor Company, to provide credit facility to buy brand new buses at very affordable rates.
He said: “ We are not making anybody jobless as speculated, indeed, people will be more empowered under this policy because what the FCT Administration is doing is restricting their operations to certain areas of the Federal Capital City and allowing them to operate more broadly on other routes”.
Senator Mohammed also announced that the FCT Administration would review the operation of Abuja On-Street Parking, popularly known as Park and Pay Policy, to make it more acceptable to the populace.
He said this measure had become necessary as series of complaints and petitions being received by his office against the unholy activities of some of Park and Pay concessionaires.
“We may be going back to the residents of the Federal Capital Territory to meet with stakeholders in a way of a Town Hall Meeting to discuss the entire operations of the policy vis-à-vis the activities of the concessionaires,” Bala said..
Senator Mohammed also revealed that the FCT Administration would be taking a bill to the President for onward submission to the National Assembly for the establishment of the FCT Transport Authority to provide effective legal framework that would ensure sustainability.
The Minister appreciated the uncommon understanding and cooperation of all the stakeholders that came together to work out the mini-bus delineation implementation blueprint.
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
The Lagos State Internal Revenue Service (LIRS) has sealed 15 companies in the last one month for failure to remit N47.4 million personal income taxes of workers. Mrs Folasade Coker-Afolayan, the Head of its Distrain Unit, made the disclosure in Lagos.
She said that the companies were sealed between Jan. 9 and Feb. 6. According to her, five of the defaulting firms were shut in January over tax liabilities of N25.2 million. She said the other 10 companies were sealed in February over tax debt of N22.2 million.
“The enforcement happened between Jan. 9 and Feb.6,” she said. Coker-Afolayan said that these taxes were for a period of one year to six years. She reiterated that tax payment was a civic responsibility of everyone, explaining that the proceeds were being used by the government to provide infrastructure. Tax is a major source of government revenue. It enables it to provide infrastructure and improve the citizens’ standard of living,” she said.
Coker-Afolayan said that the LIRS would continue to sanction tax defaulters. She advised companies to remit taxes promptly to avoid embarrassment and stressed that it was a criminal offence to break government’s seals on sealed companies.
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Over three years after the pre-qualifying bidding exercise embarked upon by the Lagos State government for the relocation of the popular Computer Village to de-congest Ikeja, and ensure urban renewal, some operators and residents in the area, which houses thousands of technology companies, are agitating and questioning government sincerity about the project.
The cry of the people has come to the point where attention is attracted to the issue to ascertain why the exercise is foot-dragging. The residents stressed the urgent need for the pre-qualified companies to be allowed to do the actual bidding for the project to kick-off, if government is committed to enhancing economic growth and development for the benefits of the masses, even as they laud government’s effort to make Katangowa a global market to reckon with.
While some residents of Ikeja complained about the rowdiness and un-organised manner in which various activities go on in the place, many operators of technology companies said that they were worried about the manner in which touts infiltrated the market with fake products, thereby giving genuine dealers a bad image.
Some residents, who spoke with our correspondent when Sunday Vanguard visited the place, said, “We were happy when the pre-qualifying bidding was done, hoping that the actual bidding will take place for the project to start. At present, we are suspicious about the attitude of government in handling this project.
Over three years after the pre-qualifying bidding was done, nothing is happening. It is quite obvious that there may be personal and underlying interests in government to either frustrate the exercise or twist the previous pre-qualifying exercise to suit their selfish desires.”
A dealer in the Computer Mega City axis of the market, Mr. Charles (surname withheld), spoke in the same vein. He said, “The initiative by government to rebuild the Computer Village and rehabilitate Katangowa market, which is in a dilapidating state, with refuse dumped at every corner of the market, is laudable, but there seems to be strong underlying interest that is hindering the commencement of the project. Why should personal interest override infrastructure development, even to the detriment of the masses, which government has a duty to protect? This is the major reason our economy is backward.”
He continued, “We are aware that the pre-qualified bidders who went through due process are eager to bid and commence the project, but the delay from government is causing the project a set back. We are watching and must monitor this project to a logical conclusion. If government and those in the ministry are sincere, let them come out and give the masses a specific time-table, on how soon, the project will start.
They should let the residents of Ikeja know what is holding this project after the pre-qualification bidding exercise was done successfully. The un-necessary delay in this exercise explains incessant failures of public private partnership initiatives in Nigeria , with adverse consequences on economic development.
If Lagos State government is working on this project, what time-table does government have for the pre-qualified companies to bid for the project to commence? Why should the interest of few individuals in the corridors of power override public interest, thereby hindering economic growth and development?”
When contacted, the Secretary General, Computer and Allied Products Dealers Association of Nigeria (CAPDAN), Mr. Nwafor- Ezelue Patrick, an umbrella body of operators in the Computer Village , said, “We are ready to move. The prequalification exercise was about choosing an efficient company that has the financial capacity and engineering experience to handle the project.
We have no problem about that, but we want to be carried along and must be fully involved in the whole process because we are the dealers involved. We do not want to leave everything for government to do. We are talking with government and it is imperative to reach agreement on a win-win situation, so that when the project is finally executed, the place can be fully utilised for the intended purpose.”
He added: “We believe that the project may commence soon since our negotiation with government is on-going. We are also calling on the State government to carry out a comprehensive environmental impact assessment on the new site to determine the road network, electricity supply and accessibility to our dealers and other people coming there for auxiliary businesses associated with our products.
“Originally, it was CAPDAN’s plan to move out of the Computer Village because we realised that the place is too small for the number of operators. We wrote to the state government and we were encouraged to look for a suitable land to relocate.
We searched for land but could not get a conducive place within the city, since the business thrives well in the city, due to the type of products we are dealing with. Of all the options, we preferred Katangowa, along Lagos-Abeokuta Express-Way, because of the size and location of the market. It was during that process that we had some issues within the association, which almost divided us. There were internal problems but had been settled. So, we are still negotiating with government on the Katangowa project.”
During Sunday Vanguard’s visit, it was observed that the Computer Village was filled to capacity with different technology companies. The place is divided into segments such as the Computer Metro Mart, Computer Mega City among other areas.
While some people operate inside their shops and companies, others operate entirely on the streets without any company to be identified with. The place looks compacted with little or no space for people coming into the market for patronage.
There were also KAI Brigade officials on ground. On the duty of the KAI Brigade in the market, the CAPDAN Secretary General said, “KAI was brought in to check illegal businesses and all kinds of refuse accruing from street traders within the place. We had cases where some of the people you see on the streets sold fake phones to our customers at expensive prices. We do not want this kind of thing to continue because it is giving credible dealers a bad image.
Some of those people you see on the streets holding phones are not dealers. They do not have shops or registered companies. They come in here everyday to cause problems for us.” Located within Ikeja district, the Computer Village , which houses thousands of technology companies and phone shops, covers a large expanse of land, measuring from Awolowo-Way through Simbiat Abiola Road Road to the Airport Road.
This is the first part of the story. Investigation into the issue will continue and must be exhaustive, as the authority in the Ministry of Physical Planning and Urban Development has been contacted.
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
Minister of Federal Capital Territory, FCT, Senator Bala Muhammed, has said that building of 1,500 houses for the Abuja Centenary Village would help to solve some of the housing challenges in the city.
Senator Bala stated this while receiving the Polish Deputy Marshal, Region of Wielkopolska, Poland, Mr. Leszek Wojtasiak, who led a business delegation to his office.
He said FCT Administration had already kept a plot of land to build 1,500 houses for the Abuja Centenary Village to upscale its social housing scheme.
The minister also said the houses would be built to commemorate the 100 years of amalgamation of Northern and Southern protectorates of Nigeria by the British colonialists, adding also that the houses would be used to reduce the housing needs of residents of Federal Capital Territory.
He noted that his administration had unbundled land administration of Federal Capital Territory, which had been opened for full participation of the organised private sector, consortium as well as foreign investors.
The minister said: “The unbundling of land has culminated to the Abuja Land Swap Model initiative where about 13 investors are already partnering with the FCT Administration to open up about 10 new districts by providing infrastructure and recouping their investment from the sales of such land.”
The minister called for closer collaboration with the Polish government and its businessmen. He also called for bilateral relations with the capital city of Poland, Warsaw, to share experiences, especially in city management.
Speaking earlier, Polish Deputy Marshal Region of Wielkopolska, Poland, Mr. Leszek Wojtasiak, appreciated the warm reception accorded him and his business delegation.
Wojtasiak noted that Abuja was a beautiful city, especially in planning as well as a in its management; adding that they were impressed with its lovely infrastructural development, particularly the road network.
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
TROUBLE is brewing between Shell Petroleum Development Company and Kou clan Cluster Development Board, in Ekeremor Local Government Area of Bayelsa State, headed by Mr. Osteen Igbapike, over a purported plan by the company to dissolve the board against the provisions of the Global Memorandum of Understanding, GMoU, entered into by both parties.
Counsel to Igbapike-led board, Mr. Larry Ovwromoh, in a letter to the Commissioner for Energy, Bayelsa State, Mr. Francis Ikio, urged him to resist the subtle move by Shell officials, as the matter was already in court.
He said, “As you well know, there is a pending case at a Bayselsa State High Court sitting in Yanegoa, in which your office and Mr. Evans Krukrubo are parties in the matter of dissolution of Kou Cluster Development Board.
“Note that there is also a pending motion for interlocutory injunction to restrain the dissolution of the said board for which a hearing notice had not been issued as the case was adjourned till February 27, 2013. In the circumstances, the attempt by Mr. Krukrubo, who is the 3rd defendant in the said case, to seek to dissolve the board through your humble self amounts to interfering with the judicial process and an attempt to prejudge the outcome of the case.”
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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