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NCDMB Moves Conference To Uyo, Cites ‘Unprecedented Flood In The Country’ 

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The management of the Nigerian Content Development and Monitoring Board has announced the movement of her flagship annual Practical Nigerian Content conference to Uyo, Akwa-Ibom State.

 

The Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote made the announcement in an email to staff and other stakeholders to confirm that the event would still be held on the scheduled dates, which are 5th – 8th December 2022, and would attract major stakeholders in the oil and gas industry from across Nigeria.

 

Wabote explained that the change in venue for the conference was due to the unprecedented flood situation that has ravaged 31 states in the country and its impact on the scheduled conference.

 

He said: “We are saddened to come to the realization that the event is now threatened due to the unprecedented flooding that affected 31 states in the country, including Bayelsa State with most parts of the state seriously affected, including Yenagoa, the state capital and host city for the event.

“While we acknowledge that the flood has begun to recede, it is doubtful that significant recoveries would be made from now to the date of the event, which is about six (6) weeks away.”

 

The NCDMB boss further noted that the East-West Road, which is one of the major arteries to the state has been badly impacted making it difficult for human and vehicular movements. He pointed out that facilities on the ground in Yenagoa for the hosting of the PNC 2022 have also been heavily impacted. These include hotels, eateries, small businesses/service providers to our partners, logistics support, etc.

 

 

He added that “most of our operational vehicles that would provide logistic support to the PNC team are also stuck either in Port Harcourt, Rivers State or Warri, Delta State due to the state of the East-West Road.”

 

“In view of the foregoing, I am constrained to write to inform all staff of the movement of the venue of the PNC 2022 from Yenagoa to Uyo, Akwa Ibom State to hold on the same date.” Wabote said.

 

He assured that the PNC 2022 Planning Committee would still deliver a top-notch event at Uyo, with the Board’s partners, DMG Nigeria Events.

 

The Executive Secretary pointed that the movement of the venue is only for the Year 2022, as the Nigerian Content Tower, Yenagoa remains the preferred destination for this NCDMB flagship event. According to him the next edition in 2023 will return to Yenagoa bigger and better to celebrate the resilience of the city.

 

He expressed shock at the devastating impact of the flooding on livelihoods, businesses, and government activities in Bayelsa State and as well as other states in the country and sympathized with Nigerians on the impact in their homes, including, separation from their loved ones.

 

The Practical Nigerian Content Forum is a flagship event of the Board which attracts major stakeholders in the oil and gas industry from across Nigeria. The event serves as an opportunity to showcase the practical investment opportunities and achievements by NCDMB in the Nigerian oil and gas industry and its linkage sectors. It also hosts senior government officials, heads of International and Indigenous Oil Companies, and exhibitions of industry products and services in the upcoming event.

NEWS

Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation

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The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.

In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’

ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.

He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.

Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.

“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.

“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from

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NEWS

N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden

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Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.

In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.

READ ALSO: CSR: Dangote Cement Fuels Education With Support Projects At Lagos Schools

He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.

The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.

“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.

He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.

“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.

Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.

“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said

He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.

“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”

Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.

He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.

“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.

Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.

“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.

He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.

 

 

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International News

ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others

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The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.

The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.

In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”

READ MORE: Osun Govt Decries Attempted Murder Of Park Mgt  Chairman By Police

The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.

Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.

The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.

With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.

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