₦airaland Forum

sanctity454:
From what I know the company is government owned like NNPC, which was established during ohakims regime. The company has been moribund until recently it was recapitalized to the torn of 10billion naira.

done really trust the set up

sanctity454:
IMO PETROLEUM DEVELOPMENT COMPANY GETS FIRST OIL BLOCK, SET FOR MINING

By Collins Ughalaa

The Imo State Petroleum Development Company, an oil and gas exploration and mining company owned by the State Government, has acquired its first ever oil block and now set to commence oil mining, having participated and won the bid for the award of the oil block.

This was contained in a letter from the Department of Petroleum Resources of the Ministry of Petroleum, Abuja, and addressed to the Managing Director/CEO of the Company, dated January 22, 2021, and signed by the Director of the Department of Petroleum Resources, Engr. Saraki Auwalu, titled: 2020 MARGINAL FIELD BID ROUND (MFBR) EXERCISE: SIGNATURE BONUS PAYMENT CURRENCY DENOMINATION.

The letter, among other things reads: "Further to our letter of 16th December 2020 .... notifying you of your status in the ongoing MFBR exercise, please be informed that Government has decided to accept the payment of Signature Bonus for the 2020 MFBR in either US dollars or the Nigerian Naira".

It could be recalled that the State Government on July 29, 2020 announced the established the Imo Petroleum Development Company (IPDC), as part of measures to make the State play more meaningfully in the Oil and Gas sector.

The Special Adviser to the Governor and Coordinator Petroleum and Gas Matters, Rt. Hon. Goodluck Nanah Opiah, disclosed the formation of the State owned oil producing company while fielding questions from journalists in Owerri, assuring that the establishment would lead to massive job creation for the teaming population of youths in the state and enhance government revenue.

Opiah said that the State owned oil company was established about 20 years as a major player in the Oil Gas sector for the State, noting that Governor Hope has increased the share capital of the Company to 10 billion shares.

He added that the Company would bid for Oil Mining License (OML) and engage in oil exploration activities and mining.

He added that the oil producing company had partnered with Oak Company, a company based in the United States of America, for the establishment of a refinery in Ohaji/Egbema Local Government Area during the Ikedi Ohakim, stressing that the deal could not sail through partly because of the restiveness in the Niger Delta region which forced the US Government to place travel restrictions on the states in the Niger Delta, which also led the Oak Company to pull out of the deal.

According to Opiah, the Imo Petroleum Development Company will also establish refineries in addition to prospecting for Oil and Gas. He also disclosed that the Company will engage in the production of petrochemical products beside oil production.

Speaking on the acquisition of the oil block, Opiah who spoke to journalists in Owerri on Friday said it was in fulfilment of Governor Hope Uzodimma's pledge to make the State a major player in the oil and gas sector. He added that the Governor's selfless interest in the sector had started yielding tremendous results, calling on the people of the State to rally round the Governor to serve as the incentive to do more.

What's your take on this?

who actually owns the oil company? How much shares does imsg have in the company?

Wonder why I have a bad feeling about this

eduj:
Those roads are being financed by Newmap (a world bank financed organization).
The state has to pass through some verification and paper work,then pay a counterpart fund to activate the project.
The already handled about two erosion projects in Abia state

ok just googled and reading about them now..I am seeing they are supposed to handle ph road..thats a federal rd so have abia been cleared to construct the rd?

eduj:
ok I understand you. Keep up the criticism ,it actually works. Am seeing more effort than this guy has given in the last 5 years.
pH road is part of the Newmap project-so let's see how it will pan out before the year runs out

what do you mean by newmap project?

B2mario:
Good for them. But southeastern governors are disgrace to our human race.

I am really short of words, things like this can not happen in the north. Igbos are like sheep without a herder no one fights for us. Uzodimma is even encouraging them to kill more. It was because of fulani herdsmen menace that ESN was established, the federal government has not done anything to stop herdsmen carrying gun and disturbing the peace of the people but always in hasty to crush any security outfit established by the local people to protect their lives and land against the fulani herdsmen.

God is always with the Igbos and shall for us. ESN shall stand strong and defeat all the forces come to southeast to ferment trouble.

what do you expect uzodinma to do though considering how he became governor?

MelesZenawi:
Which East?

NK should restrict his madness to Imo, Abia, Enugu and Ebonyi as he is doing currently...

Any further move outside this enclave will be met with stiff resistance.

Make una Continue to dey see the ESN and their operations over there.

my friend go and sit down

Please what is happening in orlu and environs..heard the army is going haywire there

Nigercity:
Inner streets

shouldn't really be showing open gutter to be honest

Abia1stS0N:
OWERRI FLYOVER, though it hasn't been in use since 5yrs ago it was constructed

why would it be used?

Mensamusa:
In a way I like as hope dey reach grassroots to feel pulse of people

At least erection of civic centers across statewide go help crystallization of grass root development through communal effort

At least make abroadians and home base fit get melting pot for yarnings for betterment of their respective areas.

this project and what might emerge later might not end well

Expecting quality project from uzodinma? Like one doesn't know his background?

Amah70:
Orlu remains abandoned partly because hotels, brothels and rent seekers in Owerri lobby and even fight every governor of Imo state to submit to urban development and expansion of only Owerri in Imo state.

They lobby for all 6 tertiary education institutions of government to remain in Owerri - nothing in Orlu. One efulefu cites IMSUTH in Orlu as a compromise even though he knows that IMSUTH has not functioned since 2007; and even when it functioned, it’s a hospital where about 400 students from Owerri came to do practicals.

smh

sanctity454:
Overlooking port Harcourt road which is under construction. All I see is huge prospect of an emerging city

somehow we don't know the importance of trees

Amah70:
Show Owerri photos.
Imo state is Owerri for some people.

... after all, Ihioma Road, Asika Ilobi Avenue, Owus Avenue, Alhaji Tijani Street, Enugu Road dualized by Rochas government in Orlu, as well as Okigwe’s Owerri road with the other urban roads dualized/reconstructed in Okigwe by Rochas government, have almost all gone bad to be photographed now.

Ihedioha government was on rebuilding Owerri capital city roads before his tenure ended abruptly.

Opposition forces, mostly from Owerri zone,
who are using salary payments and civil servants’ strikes as camouflage, are yet to allow the present government find its feet.

your last paragraph here is very laughable..you no serious at all

Ikengawo:
.

lack of trees

Nigercity:
Some part of umungasi in ABA
Can be easily mistakenly for Europe

this looks like a golf course..not sure this is aba though I know there is an aba golf course

So op how is this project going?

Hotel Hotel!

Nigercity:
Yes oh
Don't know why they Drone shots from those places aren't littered on Cyber space
Like that of v.i an banana island

what sort/calibre of people live there?

Nigercity:
Odinary a Google search
Will answer your questions

confused it with aba mega mall

Also the end sars riots damaged some infrastructure there

Nigercity:
If it was a bad recycled pictures
I Know by now it would have been in front page

Help us an invite the mods
So the can do the needful
Show case the good side of Aba to the world
As the city has been undergone bad
demarketing

Cc: mynd44 OAM4J and there brother laslastical to carry us enter promise Land

Recently I visited the upcoming Enyimba mall
And watched the investor interview online
Where he Said he has been hearing bad new about ABA (cos he was a Nigerian in diaspora) and therefore he suspended his upcoming investment since then, not until he came back to Nigeria and visited ABA, he was schocked (he was expecting slums, unplanned settlement and bad City roads but he was disappointed ) seeing this he hurriedly resumed his suspended investment, and he is speedily moving fast in construction (even when some part of the building where destroyed and looted during End SARS sagas).
So very soon checkbest l.t.d will soon finish there upcoming mall.

where did you see the video?

IkpuMmadu:
Lord bless you... This is why we Anambra and Anioma especially Enuani think alike and inter marry.... We are cousins and we look at things from the same page

I am an Nnewi man marrying an Anioma lady , many of us in Anambra are more comfortable marrying from Anioma in short we prefer marrying Asaba, Illah, Ogwashi, Ubulu , Ukwuani etc people due to cultural similarity

Look at the way you analyse it.... Lord bless you

this post is off point sha from the general discussion..inability to focus on point of discussion without bringing in irrelevant points

AmericanQuarter:
Anambra State Government, National Gas Expansion Programme Committee Hold Consultative Forum On Gas Implementation Programme In The State
By Joseph Egbeocha (ABS News)
Consultative forum between the Anambra State Government and National Gas Expansion Programme Committee has commenced at the Golden Tulip Hotel, Agulu, in Anaocha Local Government Area of Anambra State.

The forum, aimed at reviewing and establishing gas implementation plan for Anambra State, is an offshoot of the State government’s active participation in the stakeholders' engagement that held between the Committee and representatives of various State governments.
Honourable Minister of State for Petroleum Resources, His Excellency Timipre Sylva had inaugurated the Ministerial Committee on National Gas Expansion Programme (NGEP) on 16th January, 2020, with the objectives of reenforcing and expanding domestic gas supply and stimulation of demand in the country through effective and efficient mobilization and utilization of all available assets and resources and infrastructure in the country.

Deputy Governor, Dr. Nkem Okeke, is representing Governor Willie Obiano at the event. Chairman of the Committee, Dr. Mohammed Ibrahim, is the Special Guest of Honour, while members of the Anambra State Executive Council, including the Special Adviser to Governor Willie Obiano on Legal Matters and Petroleum Resources, Barrister Mrs Patricia Igwebuike, are among participants at the forum.

Others in attendance are the Vice-Chancellor of the Chukwuemeka Odumegwu Ojukwu University, Professor Greg Nwakoby, represented by the Deputy Vice-Chancellor, Administration, Professor Solomon Ekwenze, his Nnamdi Azikiwe University counterpart, Professor Charles Esimone, represented by the Director of Technology Incubation Centre, UNIZIK, Professor Solomon Nwigbo, Rector of Anambra State Polytechnic, Mgbakwu, Dr. Mrs Nneka Mefoh, represented by the Polytechnic's PRO, Mr. Sunday Okagbue, Chairman of Independent Petroleum Marketers Association of Nigeria, IPMAN, Enugu Depot, Mr. Chinedu Anyaso, Vice-Chairman of Anambra State Oil and Gas Development Committee, Professor Charles Ofoegbu, among others.

interesting

sanctity454:
GOVERNOR HOPE UZODIMMA'S STRATEGIC ENGAGEMENTS WITH THE FEDERAL GOVERNMENT YEILDS INFRASTRUCTURAL DIVIDENDS.

As against the back drop of ceremonious claims on association with the Federal Government by the previous administrations of Imo State, the Shared Prosperity administration of His Excellency the Distinguished Senator Hope Uzodimma has fruitfully been engaging with the Federal Government for visibility in Imo State, project-wise.

The latest to the records being the Federal Executive Council (FEC) approval of N16.7B for the total rehabilitation of Ihiala-Orlu-Nkwerre-Umuduru road.

This landmark achievement of the shared prosperity government is coming barely a year into his administration and this project, indeed, stands conspicuously as one of the major FG road projects in Imo state since 2010.

Recall that, His Excellency the Distinguished Senator Hope Uzodimma has constantly made it known that his affiliation and association with the Federal Government would yield fruitfulness to the State.

Governor Hope Uzodimma is also in touch with the Federal Government on improved speed for the ongoing work on Aba-Owerri road and other FG projects within the state.

Worthy appreciation to the Federal Government for this monumental project. His Excellency the Distinguished Senator Hope Uzodimma would continue to attract FG visibility in the state for improved development.

#HopeNewAndElectronicMediaCenter

only when it is done can we agree it worked

ChimaAdeoye:
There is a reason why roundabouts are used to control traffic at major road junctions in 3rd world countries more than traffic lights. ~` LACK OF CONSTANT ELECTRICITY !

Roundabouts don't need electricity to function and traffic will always move as long as people obey a simple rule~ Yield for traffic on your RIGHT Side!

If we remove these roundabouts and put normal T-junctions with traffic light or Police who will not be there every hour of the day or traffic lights that will break down after 3 months, we are courting trouble. The traffic that will develop as a result of failure of traffic lights will be out of this world. That is why i always prefer roundabouts to be made bigger to solve traffic problems, not removed totally. Or you build a flyover on that junction and solve the problem permanently.

in nigeria it is yield for the traffic on the left side

sanctity454:
Everyday group is planning to open three branches in owerri, with locations at MCC junction, 40 40 premises, the last one at okigwe road.
The one at MCC opens on 1st Dec with De choice group as a tenant

they must be making a whole lot of money in owerri to consider this

smeag0l:
Of course.

this is on the premise that that pipeline is going to be built and maintained of which I have my doubts

sanctity454:
I heard the contract was given to craneburg, rumour has it that JB charged thrice the contract sum Craneburg accepted.

if this is the case I wouldn't be suprised..my view was why all the noise about jb and memorum of understanding hype..jb charges high everyone knows that

sanctity454:
Rally against gender based violence in owerri.

The reconstruction of owerri-orlu road and owerri - okigwe road will take place on 30th Nov 2020. The project will be flagged by the governor

let's see whether it is the same jb that will get the contract

sanctity454:
Assa north gas plant is still at civil works stage

doubt it will be completed by 2021

Abagworo:
Ihedioha is a very stupid man. He recovered his father not Eastern Palm which ownership is clear and he couldn't prove otherwise. Ihedioha remains the most useless Governor in history of Nigeria based on his inglorious 7 months of utter destruction without remorse. He slapped Okorocha's daughter and his brainless supporters clapped but will they clap when Uzodinma slaps Ihedioha's daughter?

Ihedioha should have started work from the onset and continued with Okorocha's programs and projects but he chose to try as much as possible to blackmail and erase Okorocha's works to the extent of demolition, renaming and reintroduction of street markets to pacify his unintelligent supporters. By the time Uzodinma came on board Ihedioha had already gone far in his destructions and I thank God for ending Ihedioha's horrible stay in a Ben Johnson way.

It will take time for Uzodinma to return Imo at least to the level it was as at May 2019. As at then Okigwe town had dual carriage major road with functional solar streetlights but today Okigwe is a dusty town with cut and join roads. Even Owerri the State capital is no longer lit at night like it was in 2019 because Ihedioha destroyed all the beautiful streetlights installed by Okorocha to the joy of his brainless supporters.

I pray for Uzodinma to succeed.

lol at uzodinma succeeding..such a wasted hope after Okorocha's disaster