Oil
PDP’s G-5 Governors: Supreme Court Clarifies Justice Ariwoola’s Comment
Tarhe Supreme Court on Saturday in Abuja dissociated the Chief Justice of Nigeria, CJN, Justice Olukayode Ariwoola, from a political statement on the activities of the five Governors of the Peoples Democratic Party (PDP), otherwise known as G-5 Governors.
In its initial formal response, the Apex Court said categorically that Justice Ariwoola never expressed any happiness that Seyi Makinde, the governor of his home state, is one of the G-5 Governors.
According to a statement by Dr. Festus Akande, Director of Information and Press, Supreme Court of Nigeria, those attributing the words to the CJN were only looking to score easy goals with Justice Ariwoola’s comments at a public event in Port Harcourt, River State.
The statement dated November 26 read in part, “Our attention has been drawn to a publication with the caption “I am happy, Makinde is among G-5 Governors” making the rounds in both conventional and social media.
“We wish to state unequivocally clear that the CJN, Hon. Justice Olukayode Ariwoola, GCON, had never at any point said such during his brief remarks at the State Banquet organised as part of the events lined up for the commissioning of the two Judiciary projects undertaken by the Rivers State Government.
“Issues bordering on misconceptions and misrepresentations of this nature are not always strange in times like this when the country is preparing for general elections, as some people may want to take advantage of every opportunity to score very cheap goals.
“As we all know, this is the era of aggressive and even unconventional politicking, so there’s nothing that will not be heard or seen at this crucial time, especially between now and February 2023, when the general elections will be conducted.
“People say whatever they choose to say, just to please their selfish interests and inordinate desires.
“We can’t really pinpoint where such barefaced falsehood is coming from, and certainly, we don’t also know at what point the CJN said he was happy that Governor Seyi Makinde of Oyo State was a member of the now christened “Integrity Group” or “G-5 Governors.
“Everyone knows that the CJN, Hon. Justice Olukayode Ariwoola, GCON, is a judicial officer and not a politician, as such, would never directly or remotely make such comments or innuendoes.
“We wish to set the record straight by making it clear that the CJN and other senior Judicial Officers drawn from different parts of the country were in Port Harcourt on Thursday and Friday, the 24th and 25th days of November 2022, to commission the two buildings to accommodate the Federal Judicial Service Commission’s South-South Liaison Office and the Hon. Justice Mary Peter-Odili Judicial Institute that was conceptualized and constructed by the Rivers State Government.
“Even at the State Banquet organised as part of the events, the CJN made it clear in his brief remarks, that he (CJN) was not in Port Harcourt for the State Banquet but simply to commission the two projects as a mark of honour for the Judiciary and Hon. Justice Mary Peter-Odili, CFR, JSC, Rtd and later go back to Abuja thereafter.
“Similarly, he said he was very surprised to see the “G-5 Governors” (“Integrity Group Governors”), just as he equally expressed the same surprise when he saw them in Ibadan, Oyo State, during the reception organised in his honour by his state government in October 2022.
“His surprise particularly stemmed from the fact that he saw his own State Governor, Engineer Seyi Makinde (who incidentally is a member of the “G-5 Governors”) at the Port Harcourt occasion.
“He equally stated jocularly that being that HE Engineer Makinde married from Rivers State and is equally very close to HE Nyesome Wike, he would be able to replicate the developmental strides of the latter in Oyo State for the good of the citizenry.
“This, of course, is a comment that, ordinarily, ought to elicit applause and not myopic misrepresentations, as governance is all about positive comparisons and healthy competition.
“Anyone or group of individuals making these unconscionable assumptions and pervading the misinformation are, by implication, creating the impression that it is now a crime for the CJN to have come from Oyo state, which coincidentally, has a member of the group, Engineer Seyi Makinde, as the Governor.
“Let it be noted that anything said, assumed, presumed, reported or placed in the public domain outside the above facts, is simply a mere figment of the imagination of such authors and don’t in anyway represent what the CJN said in Port Harcourt, as we are not ready to join issues with such purveyors of misinformation,” the statement clarified.
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.
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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.
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.
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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