Tag: project

  • Govt raises panel on Northeast support project

    The Federal Government has inaugurated a Project Steering Committee for the implementation of the 54.5 million euros support project for the Northeast.

    The project, to be funded by the European Union (EU) and the German Economic Cooperation and Development (GIZ), will contribute to the stabilisation of the Northeast, through strengthening Internally Displaced Persons (IDPs), host communities, returning refugees and others affected by insurgency.

    The Minister of State for Budget and National Planning, Zainab Ahmed, spoke yesterday in a statement by the Assistant Director (Press), Salisu Haiba.

    Ahmed, who was represented by the Director, International Cooperation, Mr. Samuel Eloho, said the project would strengthen resilience in Borno and Adamawa states.

    He added that it will be executed for 48 months.

    According to him, the EU contributed 37.0 million euros, while the German government, through the Ministry of Cooperation and Development, contributed 17.5 million euros.

    The statement reads: “Over 14 million people are affected, with 1.8 million IDPs to cater for in the three most affected states.

    “The situation has become more dynamic with returning refugees upon the decimation of the insurgents militarily. The situation is such that there are millions to cater for; basic social and economic infrastructure to be put in place. Children drafted by insurgents into their folds have to be de-radicalised.

    “Overall, the humanitarian needs of millions of people have to be met and the rehabilitation and rebuilding of the region has to be done to restore life to normalcy.”

  • CBN pegs maximum agric loan per project at N2b

    CBN pegs maximum agric loan per project at N2b

    The Central Bank of Nigeria (CBN) yesterday amended the Commercial Agriculture Credit Scheme (CACS) following which it pegged maximum loan intake for any project under the scheme at N2 billion.

    It equally pegged the maximum interest rate to the borrower under the scheme shall not exceed nine per cent, inclusive of all charges.

    The apex bank also approved the participation of all deposit money banks under the scheme, with all the participating banks required to sponsor projects from any of the target areas indicated in the guidelines and bear all the credit risk of the loans they will be granting.

    The CACS is being financed from the proceeds of the N200 billion, three year  bond raised  by  the  Debt  Management  Office  (DMO).  The fund will be  made  available  to  participating  bank(s), to  finance  commercial agricultural enterprises.

    “The single obligor for any project from a participating bank under the Scheme shall be N2 billion while for State Governments shall be N1 billion. However, for special schemes and programmes for agricultural development, state governments may be granted concessionary approval for more than N1 billion,” the CBN.

    The scheme is expected to help  fast  track  development  of  the  agricultural  sector  of  the  Nigerian economy  by  providing  credit  facilities  to  commercial  agricultural enterprises at a single digit interest rate; enhance  national  food  security  by  increasing  food supply  and effecting  lower  agricultural  produce  and  product  prices,  thereby promoting low food inflation.

    The CBN explained that  part  of  its  developmental  role, it has in collaboration with the Federal Government of Nigeria, represented by the Federal    Ministry    of    Agriculture    and    Rural    Development    (FMARD) established  the  Commercial  Agriculture  Credit  Scheme for  promoting commercial agricultural enterprises in  Nigeria, which is a sub–component of    the    Federal    Government    of    Nigeria    Commercial    Agriculture Development  Programme  (CADP).

    This fund will complement  other special initiatives of the Central Bank of Nigeria in providing concessionary funding for agriculture such as the Agricultural Credit Guarantee Scheme (ACGS)   which   is   mostly   for   small   scale   farmers,   Interest   Draw-back scheme,    Agricultural    Credit    Support    Scheme    and    other    similar developmental initiatives.

  • $60m World Bank project for Abia

    $60m World Bank project for Abia

    Abia State has received $60 million (about N21 billion) to execute a World Bank-assisted Rural Access and Mobility Project (RAMP), Governor Okezie Ikpeazu has said.

    He spoke in Umuahia at a one-day workshop for stakeholders, organised by the state RAMP, on “The prioritisation of intervention areas and rural road links in Abia”.

    Represented by Commissioner for Finance Obinna Oriaku, Ikpeazu said World Bank approved the facility to build rural link roads.

    He urged benefiting communities to cooperate with the contractors to ensure quick completion.

    The governor admonished the communities not to demand “marching ground” from the contractors.

    News Agency of Nigeria (NAN) reports “marching ground” is money demanded by youths before allowing project development in their areas.

    Ikpeazu said the state received $56 million from the Nigeria Erosion and Watershed Management Project (NEWMAP).

    He said erosion sites were receiving attention from NEWMAP facility.

    RAMP National Coordinator Mr. Ubandoma Ularamu said a 500-km road linking communities would be built of targeted 900-km roads.

    He said the roads, which led to markets, hospitals and cottage industries, were selected because of their economic importance.

  • Lawmakers endorse ITF’s  building project

    Lawmakers endorse ITF’s building project

    The of House of Representatives has endorsed the building project of the Industrial Training Fund (ITF) for training and other use.

    The project is 75 per cent completed.

    The building, they said, would boost ITF’s capabilities and capacities to train the nation’s workforce and meet its target.

    The Chairman, House Committee on Industry, Hon Abubakar Moriki, who led other members of the committee on a tour of the building in Lagos State during the week, extolled the initiative of the Joseph Ari-led ITF to ensure the building is completed  next year.

    Moriki promised to support the agency in its bid for the speedy completion of the  project whenever it needs their help.

    Ari said the seven-storey building, when completed, would not only serve the agency, but also provide accommodation to various companies as another means of revenue generation for  ITF.

    He said: “This building, when completed in 2018 will further boost our capabilities to equip more workers in the requisite knowledge needed to improve the skills and abilities of the labour force in the country.”

  • Ambode: All clear for airport road project

    On Wednesday, May 31, acting President, Yemi Osinbajo, ended the controversy between Lagos State governor, Akinwunmi Ambode and his predecessor, now Minister of Power, Works and Housing, Babatunde Fashola, when he granted the latter the permission to go ahead with the total reconstruction of the Murtala Mohammed International Airport (MMIA), road in Lagos.

    Those who have followed the development, would recall how Ambode, on March 8, cried out to the whole world about how the minister, was practically constituting a stumbling block to the road project, one of the components of his vision to make Lagos stand at par with other mega cities of the world.

    Of course, Fashola, in his counter, with behind-the-scene engagements between Abuja and Lagos, depicted the governor as being economical with the truth, insisting that it was the need to go through the full process that caused the delay and not other sinister motive(s) as Ambode implied.

    Well, other bits and pieces, odds and ends that followed thereof, not only went further to emphasise that all was not well with and within the camps of the two very significant and highly relevant personalities of the Lagos politics, but that the said road, was going to be a victim of the ostensible mortal feud.

    Even with the later-day photo-ops of smiling faces of the two during subsequent meetings, many people still found it hard believing there is a significant thaw in their apparent frosty relationship.

    That Fashola, was virtually missing in action, during the events that commemorated the 50th anniversary of Lagos State, when he was supposed to be one of the visible figures, only went to emphasise, the half-empty narrative, with the concomitant interpretation that the project was still caught in the crossfire of the fight of the elephants.

    Perhaps, it might even be true that both have since truly mended fences, after that first apparent public spat, thus, leaving leave everything else in the domain of mere conjectures. But what cannot be regarded as such is the implication of the intervention of the acting President.

    Ambode, had told his audience at the press conference that he had gathered enough money to get the project going and completed in record time and only needed the approval to get on.

    Now, only those not conversant with the said road would be lost on what reconstructing it in the manner the governor suggests would imply. This is a stretch that could constitute a significant distress if not a fatal end for the uninitiated. For a motorist exiting the airport, a single mistake, made in a matter split-second-decision at the maze of its intersections, had actually led to a sort of point-of-no-return in some cases.

    Some of the victims, had actually found themselves at Mile 2, in which case it took them some hours to make a simple U-turn or even as farther as Apapa, where, having been unlucky to get caught in its legendry gridlocks, they spent a whole day to correct the error.

    Now, this is what Ambode wants to remedy, with his enticing option of a complete reworking, not only in concept, but in the actual facilities on ground.

    Hear the governor: “The state currently has a design of 10 lanes from Oshodi to the International Airport with interchange and flyover that would drop towards the local airport. The contractor is set to go and everything as I said has been completed and we already have the cash, but alas we are having challenges with the Federal Ministry of Works and Housing. This is a Federal and not a state road. The Federal Ministry of Works believes that they should do the road, but they have not been able to do it all these years past.”

    The fact that the governor has completed similar projects in the last two years, is a demonstrable evidence, which naturally would inspire confidence that the airport road might not be a mirage stirred by politics. Such projects like the Asiwaju Bola Ahmed Tinubu link bridge at Mosan in Alimosho, the Ajah Roundabout connecting bridge and the Abule-Egba Bridge, as well as the Berger corridors, done within the period, readily come to the fore.

    Much has also been said about the quality of the said projects, meant not only to solve the age-long legendry Lagos traffic, but ensuring that they meet the standards of the governor’s idea of a mega-city.

    In fact, the complete illumination on these roads, one of its major features has ensured that Lagos is today, the only city outside Abuja, the Federal Capital City (FCT) where motorists could conveniently drive at night in virtually all the major roads without headlights, as seen in other developed nations of the world.

    Naturally, when Ambode is cited in some quarters as one of the stars that signpost the change mantra of the All Progressives Congress (APC), in real and positive terms, many hardly begrudge him, as these landmark projects come into view.

    Osinbajo’s intervention, therefore, should be a jolt in the arm to the governor in his bid to transform the state. It also strikes a chord that will change the music in terms of people’s expectation that the governor would hit the ground soon.

    Indeed, it is a tempting option for many Nigerians to take sides with the governor were he to continue feuding with his predecessor for the singular reason that Lagos does not only enjoy a special status as a mini-Nigeria, where virtually all citizens maintain one link or the other, but a veritable international player, through which Nigeria is measured in the eyes of many foreign countries.

    That Osinbajo, has cured the dog-in-manger factor in airport road project, assuming there was one, is therefore a significant development, but one to be applauded.

    Incidentally, no one person has been able to build a country, or in this case, a state alone. The best such individual efforts have achieved, for which they enjoy their specific space in history, is to produce and provide the architecture and mechanism.

    For the Lagos governor, the situation becomes even more pointed that he does not enjoy the latitude or longevity in office of the likes of Singapore’s Lee Kuan Yew, Malaysia’s Prime Mahathir bin Mohamad or the autocracy and iron-fist character of South Korea’s Park Chung-hee, with which they brought about the transformation of their countries into modern day giants.

    He has just six out of his eight years remaining through which he must accomplish his dream Lagos or step aside to watch. Within this period, he could actually put the state on such a galloping pedestal that the mega city project would emerge quicker and irreversibly, or stand aside and watch at the mercy of his successor what comes next.

    Much suggests that the governor’s cup for now is actually half-full rather than half-empty. By the time the airport road project is added to the list of what is already in the kitty, there is no doubt that even if the mega city project is not achieved in full, he would have successfully nailed all the planks together to form a platform for its foundation or even erect the permanent structure, which would only need mere paintworks or shining to complete.

    There is no reason to suspect any negative change in the picture as events unfold within the remaining period, if things do not go significantly awry outside what the governor could manage.

     

    • Igboanugo, a journalist, writes from Abuja.

     

  • Melaye: N1.4b earmarked for my recall project

    Melaye: N1.4b earmarked for my recall project

    •Allegation spurious, says Kogi govt

    Senator Dino Melaye (Kogi West) has accused Kogi State Governor Yahaya Bello of sponsoring efforts to recall him from the Senate, with the release of N200 million to each of the seven local governments in the district.

    Melaye, who addressed his supporters at his constituency office in Kabba yesterday, said the threat to recall him remains a joke.

    According to him, 30 members of the All Progressives Congress (APC), who refused to collect the money and append their signature on the recall form distributed “by the Kogi State government, have been arrested by the police”.

    He said: “Quote me, Governor Yahaya Bello has released N200 million to each of the seven councils in my Senatorial district to facilitate my recall from the Senate.

    “The money has been released but they are facing resistance in all the polling units, as people refused to sign the recall form. But he is a joker, my achievements speak for me.

    “So far, about 30 persons, including the Ward/Unit chairman in Ife/Olukotun, Mosunmola Shittu, have been arrested on the government’s orders. Everywhere they go, they are facing resistance and have not been able to get signatures because the people are resisting them.”

    A Kabba chief, Ayodele Olukore, expressed their support for Senator Melaye, saying: “We are all supporting him. Nobody can remove Dino.

    “He is working for us seriously in Kogi West. All they are doing is under government house directive, and they have already met their waterloo.”

    Efforts to speak with the police spokesman, William Ayah, over the alleged arrests were unsuccessful.

    However, a senior officer, who pleaded for anonymity, said some arrests were made, but for public disturbance.

    But the state government has refuted the allegations, describing it as “spurious”.

    Governor Bello’s chief press secretary, Petra Akinti Onyegbule, in a statement, said: “It is a spurious allegation”.

  • Eni starts production from Ghana’s offshore project

    Eni has begun production from the integrated oil & gas development project in the Offshore Cape Three Points (OCTP) block, off Ghana’s western coast, two and half years, and three months ahead of schedule.

    According to the Deputy Division Manager, Lagos Liaison Office, Nigerian Agip Oil Company Limited (NAOC), Eni’s arm in Nigeria, Tajudeen Adigun, the OCTP integrated oil & gas development is made up of the Sankofa Main, Sankofa East and Gye-Nyame fields, which are located about 60 kilometres off Ghana’s Western Region coast.

    The fields have about 770 million barrel of oil equivalent (mboe) in place, of which 500 million barrels of oil and 270 mboe of non-associated gas (about 40 billion cubic metres). The project includes the development of gas fields whose production will be utilised entirely by Ghana’s domestic market, he added.

    Production will be carried out via the “John Agyekum Kufuor” floating production, storage and offloading unit (FPSO), which will produce up to 85,000 barrels of oil equivalent per day (boepd) through 18 underwater wells. A 63-kilometre submarine pipeline will transport gas to Sanzule’s Onshore Receiving Facilities (ORF), where it will be processed and transmitted to Ghana’s national grid, supplying approximately 180 million standard cubic feet per day (mmscfd) of gas.

    Eni Chief Executive Officer, Claudio Descalzi, said: “Starting production only two and a half years after the approval of the development plan is an extraordinary result and a reason for great pride. It certifies our exploration skills and knowledge, as well as our field development vision, and it confirms the effectiveness of our new operational model, where Eni has a central role in project management, aimed at improving time-to-market. This is a result we are especially proud of, because it fits perfectly into the joint development vision that we have for Africa: we grow when the countries that host us also grow. The launch of OCTP will provide gas to Ghana for over 15 years and the resulting electricity will give a real boost to the country’s development. All of this has only been possible thanks to the unwavering commitment of Ghanaian authorities and of our partners.”

    Eni is the operator of the OCTP block with a 44.44 per cent stake, while Vitol holds 35.56 per cent and Ghana National Petroleum Corporation (GNPC) 20 per cent.

    Eni has been in Ghana since 2009 through its subsidiary, Eni Ghana, and with the startup of OCTP Integrated Oil & Gas Development Project, the company has become one of Ghana’s main operators.

    In 2016, Eni obtained a new exploration license, Cape Three Points Block 4, adjacent to the OCTP Block. If successful, synergies with OCTP will allow a fast-tracked start-up. The drilling of the first exploration well is expected in 2018, in continuity with the drilling of Block OCTP wells. In addition, Eni Ghana is exploring development opportunities in the renewable energies sector. Eni Foundation also has an important social and health programme in the western region, benefiting a population of over 300,000 people.

  • OGFZA gets 35,000-hectare from Bayelsa for free zone project

    OGFZA gets 35,000-hectare from Bayelsa for free zone project

    The Oil and Gas Free Zone Authority’s (OGFZA) efforts to fulfil its  core mandate and play a key role in the Federal Government’s drive for Foreign Direct Investments (FDI) received a major boost last week.

    Bayelsa State handed over to OGFZA state land measuring 35,000 hectares for the development of the Brass Oil and Gas City.

    Land to locate factories and offices is a key attraction to FDI in the free zones.

    The state’s Surveyor-General, Gede Moses, said a portion of the 35,000-hectare land had been surveyed and was ready for deployment.

    Bayelsa State Governor Seriake Dickson declared that OGFZA can deploy the land resources the way it deems fit to accelerate the growth of free zones.

    Dickson was responding to a request for support from the Managing Director of OGFZA, Mr. Umana Okon Umana, who visited the governor at Yenegoa.

    Umana asked Dickson to support “OGFZA to execute its mandate of attracting investments to the free zones with allocation of land to the authority, backed with a certificate of occupancy” as a way of giving the investment agency “the capacity to effectively partner with investors”.

    The OGFZA’s boss hailed the government for its support to OGFZA over the years and described their relationship  as that of “natural partners in the development of the Southsouth region and our dear country”.

    Umana lauded the governor’s commitment to Bayelsa State’s growth.

    He said the Brass Oil and Gas City, to which $3.5 billion has been committed, was a major effort to improve the quality of lives of Nigerians and accelerate Southsouth region’s growth.

    Noting that the world has recognised free zones as engines of growth that have generated more than 42 million jobs in about 4,000 free zones globally, Umana called for “the abiding support of the Bayelsa State for OGFZA in its mandate as free zones regulator to inspire and sustain continuing confidence of the investment community”.

    The governor pledged his administration’s support for the projects but expressed concern that important aspects of the projects such as access road to Brass Oil and Gas City is beyond the capacity of the state and needs  federal’s intervention.

    Dickson congratulated Umana on his “well-deserved appointment” and lauded President Muhammadu Buhari for “making the right choice for the job of chief executive of OGFZA”.

    He described Umana’s visit to the Government House, as “highly symbolic because Bayelsa is the cradle of the oil and gas economy in Nigeria”.

  • Women,young farmers count blessings in CADP project in Cross River

    Women,young farmers count blessings in CADP project in Cross River

    Women and youths that were beneficiaries of the Commercial Agricutlture Development Progamme in Cross River State have expressed gratitude for the programme, which they said have changed their lives for the better.

    The women and youths empowerment programme, which was launched in 2009 and would wind up on May 31, 2017 this year, is driven by the World Bank and the Federal Government to empower women and youths in the area of agro-business in five states.

    In Cross River State 700 women and youths have benefitted from the programme, and were trained across he value chains of oil-palm, cocoa, rice, poultry and aqua-culture.

    The beneficiaries were divided into three batches. The first batch of 100 who were trained from August to September 2015. According to the Project Coordinator in the state, Mr Duckham Ama, the first batch who had concluded their training at the Songhai Farms in Itighidi in Abi local government area were mobilized with N2.5 million each.

    The first batch consisted of 46 women and 54 young men, while the second and third batches have 298 women and 302 young men.

    The second and third batches trained from November and December last year received a higher sum of N3 million. According to the Coordinator, the money was non-refundable, but there were measures to ensure that beneficiaries do not use it for purposes other than what it was meant for.

    Speaking at an interactive session between the media and beneficiaries of the project in Calabar, farmers who participated in the first batch described how the programme had changed their lives.

    Mr Okon Augustine Ekeng, who is into fish farming said, “I am grateful for the World Bank for helping us to implement this. Today I am very successful person. You can see here I have my fresh and dry fish here. It is of high quality and hygienically prepared catfish that is free of sand and cancer free. What we use in drying it is smoke free. I thank God for what he has done and also went the CADP staff that helped us stand on our feet to also help the 600 batch that has just started.

    “I have been able to employ two persons. I have a garden behind my fish farm, so the waste water goes there. Nothing is wasted.”

    Also, Mr Elemi Williams, who is into rice farming said, “It has been wonderful. It started like a learning experience. But now I am experienced. I have gained knowledge and that has brought me to a level where I can bring a physical product for you to see as my product, not someone else’s product. I am into the native rice, which is totally de-stoned and is 100 per cent chaff free. It is our native rice. The passion is there. I see my future in this business. I see my dreams interpreted through this business the drive to do more is there. My dealing with the organizers have been wonderful in the sense that I had a passion for what I came for and used that passion in dealing with the people who funded this project. My dealing has been very sincere with them. My advise to the younger ones who are coming into doing it is for them to be sincere with themselves because if they are sincere the benefit of that sincerity will come.”

    Mrs Okoma Bassey Edet, who is into oil-palm said, “we make our oil such that we remove the fatty acids and cholesterol to a very low level. With this programme, we see that it has helped the youths and women in terms of unemployment. I mean look at me now. I am making my own money. We are no longer sitting at home and just receiving from our husbands. We go out there to keep ourselves busy and reduce unemployment. For instance I employ two people for now and I am still believing God as the business keeps growing I will employ more. The business is improving.”

    Ama urged the second and third batches of beneficiaries to be committed to the programme so their lives can be better. He said they were committed to the success of the programme.

    Commissioner for Agriculture, Prof Anthony Eneji, was grateful for the programme and assured the state will do all it can to support it.

    The Special Adviser on Agriculture, Yvonne Idem, said the governor, being an entrepreneur him, would do all can to support entrepreneurs.

    She said the first batch had been fully implemented and were doing very well, and urged the second and third batches of beneficiaries to be serious as they were privileged to be the few chosen from so many.

    She said under the program 55.77km of roads had been constructed to enable farmers bring out their products, reduce travel time and cost of transportation.

    She urged beneficiaries to help build others.

  • Community,institution sign MoU on project

    The Akure community and the Federal College of Agriculture (FECA) Akure, the Ondo State capital, have signed a Memorandum of Understanding (MoU) on the location of a new civic centre for the community within the premises of the institution.

    The project tagged “Akure Civic and Outreach Centre”, is being funded by the Federal Government and would be handed over to the Akure community upon completion.

    According to a statement signed by the Secretary, Civic Centre Committee (CCC), Prince Ebenezer Adeniyan, the project was included in last year’s budget of the Federal Government and was facilitated by a lawmaker representing Akure South/Akure North Federal Constituency, Afe Olowookere.

    The modern Civic and Outreach Centre will be located on the western corridor of the premises of the expansive college which adjourns two major roads (the Akure-Owo highway and the Agbogbo-Okeijebu Road).

    The Deji of Akure, Oba Aladetoyinbo Aladelusi, had set up a committee to secure a befitting location for the project, with the committee later recommending that particular portion of the FECA land.

    The approval of the part of the land for the project was conveyed to the school authority and the Akure community by the Agricultural Research Council of Nigeria, (ARCN), which supervises the institution.

    Consequently, the community and the management of the school endorsed an MoU to signal the beginning of the construction of the centre.

    The Legal Adviser of the ARCN, Barrister Ibrahim Nduku, led the team of the college, while the Akure community was represented by the Chairman and Secretary of its Civic Centre Committee, Hon Patrick Ojo and Prince Ebenezer Adeniyan, respectively.

    Oba Aladetoyinbo thanked the Provost of the institution, Dr. Samson Odedina, for his co-operation and support for the project and his various achievements in the college.