The federal government is working towards the establishment of a Niger Delta Development Bank to speed up the development of the region, the Managing Director of Niger Delta Development Commission (NDDC), Mr. Nsima Ekere, has said.

Addressing representatives of youth groups and ex-agitators from the Niger Delta reign at the headquarters of NDDC in Port Harcourt Wednesday, Ekere said the proposed bank would also assist people from the region, especially youths, to participate in the establishment of modular refineries in the region.

He said one of the programmes of the federal government is the establishment of modular refineries in the Niger Delta region to deter youths in the area from involvement in illegal refineries.

“Instead of doing the small illegal refineries, government wants to help us with the technology to do this bigger so that we will be involved in refining in such a way that the environment will not be destroyed,” he said

He however noted that people in the region, especially youths, would have challenges getting enough capital to get involved in the modular refineries.

His words: “The challenge will be how the youth of the region will get enough money to buy into these modular refineries. Federal government has mandated the NDDC to work out the modalities with the Ministry of Petroleum Resources. We want to ensure that whether the youth have money or not, they can key into this. So, we are going to set up a Niger Delta Development Bank to drive the development of the region.

And intet-ministerial committee has also been set up in the presidency to look into all the issues raised during the visit of the vice president to the region.”

He reiterated the commitment of the commission to the economic empowerment and development of youths of the Niger Delta region.

He however called on the youths to assist the federal government and security agencies in creating an environment that would be conducive to attract investors back to the region.

Ekere stated that part of the economic empowerment and development for the youths of the region is the development of illegal refineries scattered in communities in the region to modular refineries with state-of-the-art technologies.

He said: “The NDDC was set up by the federal government to address the problem of underdevelopment of the Niger Delta region. In addition to developing the physical infrastructure of the region, the NDDC will develop the human capital in the region. One of the key areas of the development is the young people.

“The major reason for the meeting with the youths is to rub minds and agree on an sustainable economic empowerment for youths of the Niger Delta. When we talk about empowerment, it is not about giving money. We will not give you fish but we will teach you how to fish.

“The NDDC has been mandated by the federal government to work out the framework with the Federal Ministry of Petroleum Resources, so that youths of communities in the Niger Delta will be empowered through the establishment of modular refineries.”

The NDDC boss however, decried the lack of organised leadership structure for youths in the region and advised them to borrow a leaf from the elders of the region, who now have an organised leadership structure through the Pan-Niger Delta Forum (PANDEF).

Ekere said: “The major problem that we have had since we came on board, have been how to address and talk to youths of the Niger Delta region. Several generals have been calling me on this and that and it has been difficult to know who government should talk to on issues concerning youths.

“Why can’t we in the Niger Delta agree on a proper youth structure that government can always talk to when matters on youths of the region come up? Even armed robbers have leaders. Why can’t we have an acceptable structure through which we can engage the youths?

“PANDEF has provided the acceptable structure and platform for elders in the Niger Delta region to be organised and we commend them for that. I think the youths should borrow a leaf from the elders. “

http://investorsking.com/fg-establish-niger-delta-development-bank/

Good move!

That's if the FG is not just sweet-mouthing the youths of the region!

Peace most times isn't matching strength for strength but by dialogue

I consider this a laudable development from the federal government and hopes it doesn't just end on papers or as a failure as their previous promises went

The FG is now lowering her guard after the initial 'gragra' tactics that never worked out. This government is just too clueless.

Proud to be a Niger-Deltan







Aah Izon

Monthly Federal allocation - FAAC And JAC

13% derivation

Ministry of Niger Delta

NDDC

Amnesty Programme.

CSRs of Oil Majors

And Now ND Development Bank

Yet the region is in a deplorable state!!!!! The citizens of ND (inclusive of our dear Ondo) should task their leaders more.

Why 1 specific bank to a region why not just a big one? If the refinery plan works well they need to copy with mines. They been talking about it for decade with minimal results. Illegal mines and refineries seem to bIG issue funny enough both sector are industries heavily controlled by the Federal government. Both run inefficiently yo say least.

No FG...
We Yoruba Muslims want you to declare Operation Crocodile dance after the failed Operation Crocodile smile.
We Afonja Muslims are not happy that FG want to develop Niger Delta after they resisted govt.Nobody can hold Nigeria for ransom.

[[s]quote author=kolado post=54855117]The FG is now lowering her guard after the initial 'gragra' tactics that never worked out. This government is just too clueless. [/quote][/s]

Qmerit:
[[s]quote author=kolado post=54855117]The FG is now lowering her guard after the initial 'gragra' tactics that never worked out. This government is just too clueless. [/s]

shuuuuuuuu! What's your confusion? Which part of your brain did not comprehend my post? Please do not quote me again! I beg of you.

[[s]quote author=kolado post=54858381] shuuuuuuuu! What's your confusion? Which part of your brain did not comprehend my post? Please do not quote me again! I beg of you.[/quote][/s]

Stop being useless..

EmeeNaka:
No FG...
We Yoruba Muslims want you to declare Operation Crocodile dance after the failed Operation Crocodile smile.
We Afonja Muslims are not happy that FG want to develop Niger Delta after they resisted govt.Nobody can hold Nigeria for ransom.

Incase u didnt comprehend, d agitations died down drastically as soon as 'crocodile started smiling'! Keep it real!

As a parent, u whip ur kid with d right hand n den pet him with d left hand! Dazzol!

Good move.

Ok

And how is your region sir? Don't even mention Lagos which was built with ND money.

SuperS1Panther:
Monthly Federal allocation - FAAC And JAC

13% derivation

Ministry of Niger Delta

NDDC

CSRs of Oil Majors

And Now ND Development Bank

Yet the region is in a deplorable state!!!!! The citizens of ND (inclusive of our dear Ondo) should task their leaders more.

Awesome development!

Amberon:
And how is your region sir? Don't even mention Lagos which was built with ND money.

Lagos was built with ND's money but ND does not have the brain to replicate the same Lagos in the same ND, despite all the allocations, NDDC, Min of ND, Amnesty Prog etc

Says it all.

I laugh when this people talk of module refinery ..

The module refinery that can be profitable is at least 10 million dollars ( I think proda Enugu can build one sha ....those guys are good )

The Truth is refinery are not profitable ...u need to include petrol chemical industries (which dont come cheap )to make profit

The only reason this guys see money doing yh illegal refinery is because they steal the oil

Benekruku:
It's now glaring that the Niger-Deltans and the Buhari led administration have struck a peace deal which is commendable.

The rate at which massive socio-economic and infrastructural development re storming the region, it's definitely certain that the good days re here.

The South-South re politically aligning with the center


Long Live The Niger-Delta!

Long Live the South-South!

Long Live The Federal Republic of Nigeria!

..bye bye ipob....

mrvitalis:
I laugh when this people talk of module refinery ..

The module refinery that can be profitable is at least 10 million dollars ( I think proda Enugu can build one sha ....those guys are good )

The Truth is refinery are not profitable ...u need to include petrol chemical industries (which dont come cheap )to make profit

The only reason this guys see money doing yh illegal refinery is because they steal the oil

true talk...but its a start though...small small...dont you agree??...

NDDC
13% derivative
ND Ministry
ND Bank

All these cant solve the problems in that area, its like peanut given a hungry & crying child a peanut after a while he will go hungry again.

Your giving the owner peanut for crying why you & your generation enjoy their oil well in their back yard.

Can you imagine Abacha son going to court to reclaim his father's oil well in another mans back yard thousands of milles away from his home.

I dont know why Nigeria's don't like solving problems permanently but always look for short cuts and people clap & sing for them out of ignorance then tomorrow they will cry again.

They should control their resources 100% simple.

Nsima Ekere should concentrate on what he was ask to do in Nddc rather than fantasizing with a grandiose Niger Delta Development Bank that will not see the light of the day.
He should stop deceiving the youths of the Niger-Delta by talking of a development bank when there is so much he can do for our youths using the Nddc template.
Development Bank Ni! Development Bank Ko!

Lagos has a huge federal government presence but the ND doesn't obviously because of marginalization.

Your other sw states that have been depending on ND oil money, what have they achieved?

SuperS1Panther:


Lagos was built with ND's money but ND does not have the brain to replicate the same Lagos in the same ND, despite all the allocations, NDDC, Min of ND, Amnesty Prog etc

Says it all.

a bank to share the money to the boys which is what the ND actually wants and not any yeye infrastructure.

mrvitalis:
I laugh when this people talk of module refinery ..

The module refinery that can be profitable is at least 10 million dollars ( I think proda Enugu can build one sha ....those guys are good )

The Truth is refinery are not profitable ...u need to include petrol chemical industries (which dont come cheap )to make profit

[b]The only reason this guys see money doing yh illegal refinery is because they steal the oil[/bl

They are coming for you very soon o, how dare you accuse them of stealing their own oil

Amberon:
Lagos has a huge federal government presence but the ND doesn't obviously because of marginalization.

Your other sw states that have been depending on ND oil money, what have they achieved?

Tell us the part of Lagos that FG developed

Tell us when FG left Lagos

Tell us where FG was controlling in Lagos when FG was there.

Tell us what FG has added to Lagos in the last 26years.

So FG did not construct any road in your region, FG does not have any Federal University or Polytechnic or College of Education in you region?

Your marginalisation is in the pockets of people like your goddes PEJ, Don Etiebet and your militants. Confront them!!!