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Our Interventions In Oil and Gas Sector Will Safeguard and enhance value of Investments

FG charges Lagos dredgers, miners on land degradation

President Bola Tinubu says his administration will continue to provide the needed interventions in the oil and gas industry in line with the provisions of the Petroleum Industry Act (PIA).

Speaking when he received a delegation from the Chevron Corporation, led by Mr. Clay Neff, President of Chevron International Exploration and Production, on Tuesday in Abuja, President Tinubu said Nigeria would strengthen its long-standing partnership with the multinational company in line with the evolving dynamics in the oil and gas industry.

The President welcomed Chevron’s commitment to build on its investments in shallow and deep water operations in Nigeria, noting the company’s ongoing $1.4 billion drilling project with the Nigerian National Petroleum Company Limited (NNPCL).

He also commended Chevron for its dedication to reducing its carbon footprint in the country.

”You must see the PIA as a legacy law. We assure you of quick interventions and turnaround on any issue you may have in your operations in our country.

”Nigeria is proud of the 60-year partnership with Chevron, and we believe this partnership will be strengthened to add mutually-beneficial value for the benefit of your shareholders as well as the living standards and economic opportunities of our population,” President Tinubu said.

In his remarks, Mr. Neff pledged that the company would continue to operate in full adherence to the highest standards, even as it meets its investment commitments in Nigeria.

He highlighted the company’s contributions to domestic gas supply, noting the delivery of 25% gas through a joint venture with NNPC Limited.

He also said Chevron was scaling up its investments in the country with its recent efforts in a new phase of development to include: “the conversion, under the Petroleum Industry Act, of all the NNPCL/Chevron Nigeria Limited Joint Venture (JV) Oil Mining Leases (OMLs) and Agbami OML 127 to Petroleum Mining Leases and Petroleum Prospecting Licences (PPLs); entry into OPL 215 block to boost deep-water development opportunities; signing of 20-year renewal of three deepwater leases; commencement of seismic data acquisition in several deepwater leases; commencement of life extension work on the Agbami project, and, in partnership with NNPCL, securing of $1.4 billion financing to fund the NNPCL/CNL JV infill drilling programme between 2022 to 2026, which includes the drilling of 37 wells in the shallow offshore and onshore Escravos area and associated facilities”.

Mr. Neff further informed President Tinubu that Chevron’s average annual tax and royalty remittances over the past three years had reached $3.4 billion.

”The bold steps you have taken since you assumed office are quite impressive. We are encouraged by our partnership of over 60 years, and we look forward, God willing, to continue that partnership for many decades to come.

”We are also looking at other opportunities as well, while operating with the best environmental practices.

“We will continue to grow our traditional oil and gas business because we know the countries where we operate are in need of those products, and the world needs those products,” he said.

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Tinubu condoles with NNPCL boss over daughter’s death

President Bola Tinubu has condoled the death of his daughter with the Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company Limited (NNPCL), Mr Kolo Mele Kyari.

Kyari’s daughter, Fatima died Friday at the age of 25 after protracted illness.

The President sympathised with Kyari and the rest of the family on the irreparable and painful loss.

He prayed for the repose of the soul of Fatima and urged the Kyari family to stay strong at these trying times

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Lagos sacks six LASTMA officials over misconduct

The Lagos State Traffic Management Authority (LASTMA) has dismissed six of its officials based on the directive from the Lagos State Civil Service Commission (CSC).

This follows the recommendations of the Personnel Management Board, which flagged the officers for serious misconduct and inefficiency.

The disciplinary actions were officially communicated to the affected officials at LASTMA’s headquarters in Oshodi, Lagos.

In a statement issued by Adebayo Taofiq, Director of Public Affairs and Enlightenment, LASTMA’s General Manager, Olalekan Bakare-Oki, confirmed that the Civil Service Commission had approved the board’s recommendations.

He emphasised that the disciplinary measures were in strict accordance with the Lagos State Civil Service Rules and Regulations.

Bakare-Oki reassured the public that LASTMA is committed to improving its operations and urged Lagos residents to report both commendable acts and cases of misconduct by LASTMA officials, providing necessary evidence.

“This exercise is part of our ongoing efforts to rid the agency of errant officers. Another Personnel Management Board meeting will soon be held to review additional cases,” he said.

He also called on road users in Lagos to adhere to traffic laws, reminding them that violations would lead to penalties, including fines imposed by the Lagos Mobile Courts.

Highlighting the importance of compliance, Bakare-Oki noted that following traffic regulations is key to achieving Governor Babajide Sanwo-Olu’s “Greater Lagos” vision, with traffic management being a core pillar of the THEMES Plus Development Agenda.

Mmebers of the public were encouraged to report complaints through LASTMA’s toll-free hotline (080000527862) or the Walk-In Complaint Centre at their Oshodi headquarters.

Bakare-Oki reassured citizens that LASTMA is committed to addressing all complaints impartially while protecting the civil rights of motorists across the state.

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Zulum opens houses for teachers in Buratai Secondary School in Tum

Borno State Governor, Babagana Umara Zulum, on Thursday night, commissioned two projects constructed by his administration in Biu Local Government Area in the southern part of the state.

The projects include a housing estate for teachers in Buratai town and a new secondary school in Tum village.

The Buratai housing estate comprises 10 units of two-bedroom semi-detached bungalows aimed at addressing the problem of housing deficit particularly as it affects teachers in Borno State.

Tum Day Secondary School, one of the 102 constructed by the Zulum administration is a co-educational senior secondary school attached with junior secondary and primary schools.

Performing the brief opening ceremony, Zulum assured that his administration is committed to improving the quality of healthcare service delivery and education in Borno State.

He said, “I want to assure you that this administration is committed to providing affordable quality health care delivery systems and, most importantly, education, which is the bedrock for any meaningful development. Without education, there will be no meaningful development.”

As a mark of appreciation for the numerous projects by the Zulum administration, Buratai community presented a plaque to the governor commending his integrity in governance.