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Increased Crude Oil production: NCDMB Advocates Annual FID Week

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NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

 

As part of the strategies to increase Nigeria’s crude oil production and enhance revenue accruing to the national treasury, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated for a week in each year to be dedicated to signing final investment decisions (FIDs) on new oil and gas projects.

The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe made the proposal on Tuesday in his presentation at the 2024 African Energy Week (AEW), at Cape Town, South Africa.

A final investment decision is the final point in an energy project, in which the company or partners owning and operating a project give the final approval for the development, releasing the funding for the commencement.

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Ogbe stated that the FID Week, if adopted, could be incorporated into the existing annual international oil and gas conferences and would feature international and indigenous operating companies.

He posited that dedicating a week every year for FID signing could compel companies and relevant regulators to fast-track their processes to meet the deadline.

He also indicated that the proposal for the annual FID Week has already been broached to Special Adviser on Energy to President, Mrs. Olu Verheijen and the leadership of the Nigerian National Petroleum Company Limited and international operating companies and was being considered.

Represented at the African Energy Week (AEW) by the Director, Projects Certification and Authorization Division (PCAD) Engr. Abayomi Bamidele, the NCDMB boss said the proposal for an annual FID Week was geared to address the insufficient FIDs signed by the operating companies and the limited number of new projects being developed in the Nigerian oil and gas industry. These worrisome developments contributed to Nigeria’s dwindling crude oil production and the negative impact on revenue, he said.

He suggested that the Nigerian oil and gas industry needed to have at least one or two final investment decisions on major projects to be signed every year, to catalyze activity in the local service sector and the national economy and ultimately increase crude oil and gas production and revenue for the country.

He made reference to the three Presidential Directives (PDs) rolled out by President Bola Ahmed Tinubu in March 2024, for the oil and gas industry, stating that NCDMB had complied fully with the directives as it relates to fast-tracking the contracting cycle and eliminating middlemen with no demonstrable capacity from participating in the oil and gas value chain.

The PDs included Presidential Directive on Local Content Compliance, Presidential Directive on Reduction of Petroleum Sector Contracting Cost and Timelines and Presidential Directive on Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc)

Ogbe announced that NCDMB had applied the Presidential Directives in approving five oil and gas projects which are currently in the funnel.

He hinted that the expected production values of those projects are 1 billion standard cubic feet of gas per day and 350 million barrels of crude oil per day.

Commenting on strategies that would ensure sustainable local content development in African nations, the Executive Secretary stated that local content has to be promoted as a national agenda and supported by all institutions, businesses, decision makers, investors and citizens.

Some other personnel of the NCDMB made presentations at the 2024 edition of the African Energy Week (AEW) on core operations and initiatives of the agency.

The officials included Director of Finance and Personnel Management, Mr. Ifeanyi Ukoha, the Manager, Institutional Strengthening, Engr. Obongo Dokubo and the Supervisor Upstream, Engr. Bashir Ahmed.

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Dele Farotimi Appointed National Organising Secretary of Afenifere

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In a significant development for the pan-Yoruba socio-cultural and political organization, Afenifere, renowned lawyer and activist Dele Farotimi has been appointed as its National Organising Secretary.

The appointment was ratified during a general meeting held at the residence of Afenifere leader, Chief Ayo Adebanjo, in Isanya Ogbo, Ogun State, on Tuesday.

Farotimi’s appointment comes on the heels of a legal dispute with respected legal luminary Aare Afe Babalola, who had sued the activist for alleged defamatory content in his book, Nigeria and Its Criminal Justice System.

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The Ekiti State High Court in Ado-Ekiti had granted Farotimi bail of N30 million. However, just 24 hours after Afe Babalola agreed to withdraw the lawsuit, Afenifere announced Farotimi’s new position.

A communiqué jointly signed by Afenifere Deputy Leader, Oba Oladipo Olaitan, and National Publicity Secretary, Justice Faloye, confirmed the appointment.

“The General Meeting considered and approved the appointment of Barrister Dele Farotimi as the National Organising Secretary of Afenifere,” the communiqué read.

The meeting, chaired by Oba Oladipo Olaitan, witnessed the participation of representatives from the six South-West states, as well as Kogi and Kwara.

Notable attendees included former Deputy Governor of Lagos State, Senator Kofoworola Akerele, Secretary-General Chief Sola Ebiseni, Chief Akin Osuntokun, Professor Akin Onigbinde, Elder Tola Mobolurin, Dr. Gbola Adetuji, and Olorogun Pop Ayo-Banjo.

 

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I’m Now Known As The Man Who Makes Things Disappear – Abia Lawmaker

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Alex Ikwechegh, a House of Representatives member representing Aba North/South in Abia State, has addressed the viral altercation he had with e-hailing driver Stephen Abuwatseya in October 2024, playfully noting that the incident significantly raised his profile across Nigeria.

Speaking on Channels Television’s Sunrise Daily on Tuesday, Ikwechegh, who was seen in a viral video assaulting Abuwatseya outside his Maitama residence, remarked that the altercation, which occurred during a dispute over a package delivery, has earned him the tongue-in-cheek title of “the man that makes things disappear.”

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Ikwechegh described the incident as unfortunate, but one that ultimately helped him build a positive relationship with the driver.

“What happened was quite unfortunate but I take it as an avenue for me as a person to also build a relationship with the young man. Today, we are friends,” he said.

The lawmaker also addressed the video that captured the assault, in which he was seen slapping and insulting the driver.

He explained that the public only saw the aftermath, missing the events that led to the confrontation.

“The video that everybody saw was a low moment. I felt the sanctity of my home was being desecrated. The part of the video where you people saw was the part that people saw; people do not know what happened before that reaction. Like they say, actions pre-empt reactions.”

Ikwechegh, who has maintained a scandal-free reputation in his long public career, insisted that the viral video was not indicative of his character.

“But whatever anybody has seen is not indicative of who I am. I’ve been in the public space for a very long time and there has never been any scandal about me,” he remarked.

Despite the controversy, Ikwechegh stated that he has moved past the incident, even forming close ties with Abuwatseya and his pastor. “The young man is my friend now and I am very close to his bishop, his pastor, and I’ve made a bunch of new friends.”

The incident, which initially led to Ikwechegh being charged with abuse of office, assault, and threat to life, was eventually resolved through the legal system.

Ikwechegh was arraigned at a Kuje Magistrates’ Court, where he was granted ₦500,000 bail. However, the case was struck out after the court found no merit in the charges.

Ikwechegh admitted that his behavior during the altercation fell short of expectations for a public official, and he publicly apologized for his actions.

In an Instagram post, he apologized to Abuwatseya, the Nigerian Police Force, and the National Assembly, admitting that his response to the situation was inappropriate, regardless of the provocation.

In a surprising turn of events, Abuwatseya later issued a public apology, acknowledging his role in provoking the altercation and asking for forgiveness from Ikwechegh and the Nigerian public.

With the matter now behind them, Ikwechegh reflected on the unexpected outcome of the incident, noting that while it began as a controversial moment, it has helped him form new friendships and, in a lighter vein, increased his visibility across the nation.

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Nigerian Man Dies In Ethiopian Prison After Being Denied Medical Care

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Basil Ilobi Lawrence, a Nigerian inmate at the Kaliti maximum-security prison in Addis Ababa, Ethiopia, has died.

Lawrence, who hailed from Delta State, passed away on Sunday night, January 25, after battling deteriorating health conditions that inmates claim were ignored by prison authorities.

Lawrence’s death highlights ongoing concerns about the treatment of Nigerian prisoners in the facility, which houses approximately 300 Nigerians.

Inmates allege that Lawrence was left untreated despite suffering from high blood pressure, which eventually led to a stroke.

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One inmate described the harsh conditions they endure: “Several inmates in the facility have fallen ill due to malnourishment. We’re fed once a day with white rice, without sauce, all year round.”

The inmate revealed that Lawrence’s declining health was previously reported but no medical assistance was provided. “One of our Nigerian brothers, Basil Lawrence Ilobi, is still down with a stroke, yet no treatment,” the source said last week.

On Monday, the same source confirmed Lawrence’s death, attributing it to neglect.

“Basil Lawrence Ilobi, our Nigerian brother who you reported was sick last week, is dead. He died in the Ethiopian prison on Sunday, January 25. He died as a result of untreated HBP (high blood pressure) which he developed in prison. The high blood pressure degenerated into a stroke. No food, no medicine, no treatment,” the inmate lamented.

This marks the third reported death of a Nigerian inmate at Kaliti Prison in two years. In 2023, two Nigerians, Chizoba Eze and Uchenna Nwanneneme, also died under controversial circumstances involving alleged physical aggression and lack of adequate medical care.

Inmates are appealing to the Nigerian government to intervene and improve their conditions. “Our government should please come to our rescue,” the source pleaded.

The Nigerian government is yet to comment on Lawrence’s death.

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