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‎Warri refinery back-up workers petition Buhari over welfare, work condition

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By Kunle Kalejaye 
WARRI-Back-up workers in Warri Refining and Petrochemical Company have written a petition to President Muhammadu Buhari to intervene ‎in their current work condition stating that management of the company owns them eight months salaries.
Refinery

Refinery

In a petition letter to President Buhari signed by Citizen Mike Eromosele,‎the back-up workers said  in the course of asking for their salaries and better working condition from the management of WRPC, they are face with harassment and threats as a result of asking adding that lack of union or management to stand for them has worsen their plight.

“As we write you now sir, some of our colleague have been sacked while others are told to forfeit the eight months salaries because NNPC is owing the Federal Government some money.
“The Management of WRPC has introduced what is called slash of salaries and allowance to all Back-up staff without due consultation from or with the back-up to give a consideration on their welfare.
“They also put a cut down (slash) of 25 percent reduction of the backup worker’s stipend without putting into consideration the after effect of it on the well being of the back-up staff.
“For instance, a graduate that is receiving as low as N35,000 as his monthly stipend will be going home with N26,250 as his salary whenever the management decide to pay.
“They claim of not having funds to meet up with our salaries, but we keep seeing the arrivals of new cars for their personal use. We also notice that on daily basis they keep making employment when they cannot pay those of us working here for the past years.
“Because they have engaged themselves in projects that are not profitable making, they constantly carryout capital project with amount of money that are of no benefit to the production process, but which are of personal interest to them, where are they can get their percentages.
“Sir, some of the backup staff in WRPC are graduates with degrees and master in our various fields of learning. Some also are professional skill workers in our technical area of study. Some of us have worked in this organisation for the past six to ten years without knowing our faith in life,” part of the petition reads.
The petition added that the back-up workers were made to‎ pay for pension scheme and National Health Insurance every month from the little stipend given to them alleging that some group of management staff converts this money into their pocket for personal use while living them at the mercy of death.
The petition continues: “It may interest you to know that the working condition is very poor, that we are forced to undertake a given task without the necessary Personal Protective Equipment, (PPE).
“Wehave worked for six years in this company without safety protective equipment and when we ask, we are either sacked or given a query letter for asking the right equipment for the job.
“Sir, we also wish to inform you that some of us are from the host communities, we are faced with daily risk and hazards as a results of the operation of WRPC which the management has in no time given consideration on our health of our children even the once unborn.
“Some of our colleague died on th job as a result of the poor operation system, yet no grants are given to their family members because they see us a third parties.
“We want you sir, to look into these issue with great concern and kind heart so that these salaries owned us will paid and improved upon and allowance be given to us.”

Oil

FG Introduces New Incentives To Revitalize Nigeria’s Oil & Gas Industry

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In a strategic move to revitalize Nigeria’s oil and gas sector, the Federal Government has unveiled two key fiscal incentives aimed at attracting investment and enhancing energy security.

The announcement was made by Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy on Wednesday.

The first initiative, the Value Added Tax (VAT) Modification Order 2024, introduces critical exemptions for essential energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment.

Read Also: Atiku Calls For Rotational Presidency Across Nigeria’s Geopolitical Zones

These exemptions are designed to reduce living costs for Nigerians, promote energy security, and accelerate the transition to cleaner energy alternatives.

The second initiative, the Notice of Tax Incentives for Deep Offshore Oil & Gas Production, offers new tax relief options for deep offshore exploration projects.

This measure aims to position Nigeria’s deep offshore basin as a premier destination for international oil and gas investments, boosting the country’s appeal to foreign investors.

These reforms are part of a broader set of policy initiatives, known as Policy Directives 40-42, endorsed by President Bola Ahmed Tinubu.

The directives reflect the administration’s commitment to fostering sustainable development in the energy sector and enhancing Nigeria’s competitive edge in the global oil and gas market.

 

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Business

Tinubu set to approve ExxonMobil-Seplat oil deal, expands CNG bus initiative

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By Yemie Adeoye

NIGERIA’s President Bola Tinubu has announced that the protracted ExxonMobil-Seplat upstream oil divestment will be formally approved by the Minister of petroleum within a matter of days, just as he announced his government’s intention to expand the Compress natural Gas, CNG buses initiative.

The President who stated this during his Independence day nationwide broadcast stated that the move is in line with his administration’s commitment to free enterprise, free entry and free exit in investments which is the hallmark of his administration investment policy.

“Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes. This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector.”

The President also seized the opportunity to plead with Nigerians to be patient with his administration’s reform policies. “As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel”.

“Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation.

Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace”. he enthused.

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Oil

ExxonMobil To Invest $10bn In Nigeria’s Deep-Water Oil Operations

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As part of the administration’s push to improve Ease of Doing Business (EoDB), Nigeria’s Vice President Kashim Shettima has expressed support for ExxonMobil’s plan to invest $10 billion in the country’s deep-water oil sector.

Speaking on Wednesday, September 25, 2024, during a meeting with ExxonMobil executives at the 79th United Nations General Assembly (UNGA) in New York, Shettima called the investment “a clear testament to the administration’s economic reforms and investor-friendly policies.”

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This announcement follows news that international maritime company DP World intends to develop a multibillion-dollar port project in Nigeria.

Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, shared the development in a statement on Wednesday. He quoted Shettima as saying: “ExxonMobil’s potential investment aligns with the vision of President Bola Ahmed Tinubu’s administration for a more investment-friendly Nigeria.

We are committed to fostering an environment that supports such transformative projects.”Shettima also discussed the administration’s broader efforts to improve the ease of doing business, highlighting the “Renewed Hope Agenda,” which aims to simplify bureaucratic processes, enhance transparency, and offer fiscal incentives to attract global investors.

“Our administration has taken bold steps to unify the exchange rate, remove fuel subsidies, and implement tax reforms. These measures, though challenging in the short term, are intended to create a stable and predictable business environment in the long term,” he added.

On the oil and gas sector, Shettima mentioned that the government is revising the fiscal framework for deep-water operations to attract investment while ensuring fair returns for the Nigerian people.

 

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