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Kachikwu, Baru meet, agree on NNPC without political interference

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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, met on Tuesday for the first since their disagreement broke out and agreed on one thing – a petroleum industry regulator free from the vagaries of politics.

The two industry leaders met at a breakout session at the ongoing 23rd Nigerian Economic Summit and spoke on the controversial Petroleum Industry Bill.

Kachikwu said it was also important for the industry to have a minister who would not be very powerful as it was certain that no one would be a minister forever, adding that it was important that systems were built to drive the industry.

The minister moderated the panel discussion on energy at the breakout session of the summit alongside the NNPC GMD.

Baru, who had spoken on the need for a strong independent regulator without any political interference, had an ally in Kachikwu, who agreed that an industry regulator should be insulated from politics.

The minister stated that the government was working to ensure an improved bill that would eventually be passed and meet the aspirations of stakeholders.

He said, “We are still working to make it better. By the time the Senate and the entire National Assembly finishes what they are doing, we are going to see a much stronger and a much larger independent regulator.

“Whatever model of the PIB that we are pushing, the point that Dr. Baru made is very, very key to see an independent regulator with very enormous powers, with less of political interference so that individuals can do their work and also whittling down the powers of the minister so that these institutions can work and work well.

“The reality is that no one will work as a minister forever. You are going to hand over that portfolio. We should be looking for the system surviving and being able to work well. So it’s something that we are working with the National Assembly very hard on and I think if you look at the issues that come up, there is a lot of emphasis on that independence.”

He added, “The Federal Government will develop policies that ensure that the global decline in fossil energy does not take Nigeria unawares. The government is already thinking in that direction. The Federal Government is currently dealing with the fundamentals of ensuring that the refineries work, and ensuring availability of energy sources to meet our day to day energy needs.

“The NNPC will have to take over the commercial aspects, because they are going to be the one deploying it. As the refineries get kitted up, we will continue to look at new fossil development programmes, and will see a need to pump out policies that will enable Nigerians see the advantages in terms of costs.”

Responding to the issues raised on marginal fields, Kachikwu said that the government was determined to ensure transparency in the bidding process.

“These are some of the issues that the Niger Delta communities are always inquiring about; and indeed all Nigerians. The more transparent it is, the better for us. We are developing models to ensure better regulations geared towards transparency in the bidding process, and we will alert Mr. President as soon as we are done,” he added.

Baru had in his remarks on the marginal fields said that only nine out 14 of those who won the last bidding process were operating the fields, adding that the development was not good.

 

PUNCH

© 2017, Sunday Emmanuel. All rights reserved.

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Nigerian News

leaked photo of a few of the remaining statues that Governor Rochas is yet to commission..can you tell who they represent?

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Can you guess who the other statues represent?

See a leaked photo of a few of the remaining statues that Governor Rochas is yet to commission..can you tell who they represent?

© 2017, Ikrueyen Vickky. All rights reserved.

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Police arrest gang leader behind massacre in River State community

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One Osita, the leader of the gang who killed 15 people in Mgboshimili-Rumueme community, a suburb of Port Harcourt, Rivers State, has been apprehended.

“Based on Information the OC F-SARS Rivers State CSP AKIN FAKOREDE under the Command of the Commissioner Of Police CP ZAKI M. AHMED Stormed a Private Clinic in Ada-George were Mr OSITA who Led the Gang of Cultist that Massacred 15 Persons in Mgbuoshimini Axis of Rivers State Recently was Receiving Treatment. An Army unit was also on ground to arrest the Situation.
The Suspect Mr OSITA has been taking to Army Barracks for Interrogation. The Military Police is working with the F-SARS Operatives of The Nigeria Police Force Rivers State Command to ensure a Breakthrough.”  Security expert, Bosindelive wrote.

A statement issued by its Spokesman, Nnamdi Omoni, said the suspects are members of a notorious criminal gang responsible for killings and other cult-related activities in the community

Police arrest gang leader behind massacre in River State community

© 2017, Ikrueyen Vickky. All rights reserved.

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Nigerian News

Remembering legendary Nigerian journalist, Dele Giwa, 31 years after!

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Today marks the 31st remembrance anniversary of Sumonu Oladele “Baines” Giwa(16 March 1947 – 19 October 1986); a legendary Nigerian journalist, editor and founder of Newswatch magazine.

 

He was the son of a laundry man, graduate of Brooklyn College, New York City, Fordham University, former New York Times News Assistant for four years, a fearless Nigerian ace journalist & founding Editor-in-Chief & Chief Executive Officer of Newswatch magazine alongside fellow journalists Ray Ekpu, Dan Agbese and Yakubu Mohammed in 1984 that “changed the format of print journalism and introduced bold, investigative formats to news reporting in Nigeria”.

 

Dele Giwa was assassinated through a parcel bomb in his residence on 25, Talabi Street, off Adeniyi Jones Avenue, Ikeja, Lagos, Nigeria on October 19, 1986.

 

Late Giwa married an American nurse in 1974. His second marriage, to Florence Ita Giwa, lasted 10 months. He later married Olufunmilayo Olaniyan on July 10, 1984, and they were married until his death in 1986.

 

31 years after, his legacy still lives on!

© 2017, Ikrueyen Vickky. All rights reserved.

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