₦airaland Forum

my fiancee FAT well well so....she no fit craze wear dis kin tin......GBAM

OOOOOHHHH....I WISH SAY I FIT GIVE U ONE MILLION LIKES

kinggogo:


MUSA LAWAL

Oohhh ndi ofe mmanus againnnn !!!

....PREPARATIONS FOR HIS SEVENTIETH BIRTHDAY?......LAWD.....ALL DESE OLD MEN NO WAN DIE FINISH?

QUOTE.......“Money-making is an art. There is nobody that can’t make money. It depends on how you design the art of how you want to make money.....thinking like a REAL hustler

for dis ur pishure,.....go to the nearest beer palour and order for ONE BOTTLE OF SMALL EVA WATER,....i will pay

Bujumbura:
They destroy beer but will collect 3% VAT anytime we consume beer in the South.



Northerners are riding roughshod over us because of our stupidity.


#boycottbeer

SPOT ON ......

The Minister of Finance, Mrs. Kemi Adeosun, has said that she cannot predict when the nation will get out of the current economic recession.

She, however, said that some of the efforts of the government to reflate the economy had started yielding results.

The minister, who spoke in an interview in Abuja, stated, “I don’t want to predict when we will get out of recession. Let me tell you that we will get into growth and that’s how you get out of recession, because of the stimulus that we are providing.

“And it may take longer than we would like, but we will definitely get out of it. We are already seeing some positive signs in agriculture and solid minerals;and with what we are trying to do with other sectors, I am very sure we will get out of it soon.”

The Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, had last week stated that the country would start getting out of recession by the fourth quarter of the year.

He had said, “We are already in the valley, the only direction is to go up the hill and the government is doing everything possible to ensure that we move up the hill. I am optimistic that based on the actions being taken by the monetary and fiscal authorities, the fourth quarter results will show evidence that we have started to move out of recession.

“The worst is over. The Nigerian economy is on the path of recovery and growth. So, please if you are a bystander or sideliner, you are losing; join the train now before it leaves the station.”

To facilitate the recovery of the economy from recession, Adeosun said about N770bn had been channelled into the economy for various capital projects this year, adding that the monitoring team in the Ministry of Budget and Planning was putting contractors on their toes to ensure that they delivered the projects.

Investors interested in Nigeria

The minister explained that despite the recession, lots of foreign investors were still interested in coming to invest in Nigeria.

As a demonstration of their interest in the country, she said the $1bn Eurobond being floated by the country had received a lot of commitments from investors, adding that the funds would start coming in before the end of the year.

Adeosun added that the report of the committee set up last month to review the national tax policy would be ready this week

No final decision on asset sales

She also said that the Federal Government had yet to take a final decision on which of the country’s national assets it would dispose of to finance the 2016 budget.

The position of the minister is against the widely held belief that the government has concluded plans to dispose of some important national assets such as the Nigerian Liquefied Natural Gas, the Nigerian National Petroleum Corporation and the refineries.

The planned sale of the assets is being opposed by the organised labour, civil society organisations, industry stakeholders, professional bodies and financial analysts.

But Adeosun said while the government was mindful of the feelings of Nigerians, it was currently faced with serious financial challenge, which had made it imperative to raise funds from other sources.

She said the government recognised the fact that funding could be raised through borrowing, but lamented that this was not the best option now owing to the huge infrastructural deficit in the country.

The minister added that the type of financial resources needed to fund critical projects that would unlock the economic potential of the country could not be raised from borrowing, hence the need to dispose of what she described as underutilised national assets.

She said, “I think there are a number of assets that are being considered and I don’t think we have said this one or that one. There are some unused assets that are just lying idle, which people have come and suggested that ‘these things you are not using, can we lease them from you for money?’

“Hence, when they lease them from us, the taxes are still going to come to us. So, there are some things the government is sitting on, we don’t have money to do it, it makes sense for me to unlock those things. So,they bring money into the economy at these difficult times so that we can move forward.

“We have not got to the stage of saying it’s this asset, or that. But it’s more of the conversation around should we just keep on borrowing or shall we know that things are a lot more difficult than we envisaged and turn on to an alternative strategy, which is looking at some of the underutilised assets and releasing them.”

She added, “We think that the infrastructure challenges that we face are so serious and the kind of money that we need, we can’t borrow. When you have an accumulated deficit, you need to look for the money that will sustain what you are doing for the next three to four years.

“That is what we are doing, having more of a strategic approach so that over time, we will borrow less, and which of course is good.”

When asked what type of sale arrangement the government was considering for the national assets, the minister said this depended on the asset classes.

She said, “It depends on which one. There are some assets which you can lease and others you may need to divest from. The investor will also have to look at the risks and the pricing. Some assets just make sense to just leave them and there are some, which you may just sell but still hold on to the majority stake.

“So, it makes sense and you can sell to the Nigerian people and list on the Nigerian Stock Exchange. So, there are different kinds of sales.”

Lending rate reduction

When asked if she was disappointed that the Monetary Policy Committee of the Central Bank of Nigeria did not reduce the benchmark lending rate to make domestic borrowing attractive as suggested by her,the minister said the government would explore other cheaper sources of funds, particularly from international institutions.

She said, “We are looking at a range of options and one of the biggest issues for us was the cost of borrowing. Of course, the government is the biggest borrower. So, what we have said from the beginning was that we will look for cheaper funds to bring down our cost of borrowing.

“Currently, it is cheaper to borrow internationally than to borrow locally.So, we are working with the Debt Management Office to try and refinance some of the existing local debts into external to get lower interest rates and to structure them over the medium term.

“That will reduce our cost of debt servicing and increase the amount of money available for capital projects, which is really our focus.”

N500bn new housing fund

In a bid to stimulate activities and return the economy to the path of growth, Adeosun said a mass housing scheme that would make Nigerians become homeowners under a mortgage arrangement would commence in the next three to four weeks.

She said under the initiative known as the ‘Family Home Fund’, the sum of N500bn had been earmarked to create mortgages for affordable houses for Nigerians, starting with the construction of 100,000 houses annually from next year.

According to her, the housing fund is expected to increase from N500bn to N1tn to make it possible for the government, through the private sector, to deliver about 400,000 houses annually through mortgages.

The mortgage, according to her, will be created at a single digit interest rate of 9.99 per cent payable in 20 years, with homeowners making an initial deposit of 10 per cent.

She said the low and middle-income earners would benefit more from the scheme as about 70 per cent of the houses would be given out for between N2.5m and N4.5m depending on the type.

Adeosun said, “We have done a lot of work around how we can bring down the cost. The tag is N2.5m and it is a house you can move into. So, we are bringing down the cost.

“These are affordable houses for Nigerians;the scheme is going to be linked with the BVN. One house per person; so, you cannot buy the house and rent it to somebody else.”


http://punchng.com/cant-predict-recessionll-end-finance-minister/

CHAAAAIIIII.....DIS MAN WAN USE LAFF TEAR MY BELLE.........SEE D KIN BUMPS WEY DEY IM JAW AND IM STILL GET MIND DEY CLAIM 23......

d useless governor no fit pay salaries but im wan build "london city", "las vegas city", "cally vegas city". OLOSHI ....go pay salaries jor.governor of MOU and "I WILL AND I PLAN TO"...fool

big ups man...the sense wey u get.....einstein go be learner for where u dey ...no mind dat mfotambo

aresa:
What's the difference between what we are spending and what other countries are spending on 1000MW. For 1125 MW, we are actually getting a good deal for our money.

The going rate for 1000MW is $1 billion.

Even the so called 22.500MW $22 billion largest damn you quoted = $1 billion per 1000 MW.

Do a little elementary arithmetic before spewing rubbish and even a little research before spewing ignorance on the internet. Hate and bitterness can not stop us.

ONLY PESIN WEY DEM NEVA ROB BEFORE GO PITY D MONKEY......DEM NO EVEN DO AM WELL...DEM FOR LIGHT FIRE UNDER IM BELLE MAKE IM FOLLOW DEY FEEL D HEAT WEY IM ACTION CAUSE PEOPLE......



OGA THIF...DIS WAN NA FOR U.........

I MAAZI MEKUSSA NKE MBU NDI ANAMBRA STATE HEREBY VOTE AS FOLLOWS...
Refiner
MissGdope
Mysticgal
Diasyluv
OTHERS...OYO






Cc: NL jega

AT LEAST ALL THOSE CULTISTS IN RIVERS STATE WILL HAVE MORE DESERVING PEOPLE TO TURN THEIR GUNS ON...........MAKE UNA (CULTISTS) NO RUN O...UNA MATE DON COME

The Nigerian Army has yet to pay more than 700 soldiers making up the Armed Forces Special Force (AFSF) who were in 2015 sent to Belarus and Russia for training as snipers to strengthen the fight against Boko Haram.

The special snipers were chosen after a rigorous screening that was carried out towards the end of former President Goodluck Jonathan’s administration. They were selected from the Army, Police, Navy, Air Force, and State Security Service (SSS) were flown to Belarus.

SaharaReporters learned that each of the sniper-trainees was paid $7,700, which was 30% of their Duty Transport Allowance (DTA), and promised payment of the 70% balance on their return to Nigeria. Several members of the group disclosed that the Army has failed to pay them their outstanding allowances since their return in December 2015.

Some members of the AFSF accused senior army officers of seeking to corruptly embezzle their remaining allowances. “May be some of these senior officers are waiting for some of us to die so that they may steal our money,” said one of the special snipers.

He added: “Before we went to Belarus, they were supposed to pay our allowances in full. But they gave us 30%, promising that we would get the remaining 70% when we return.”

Another sniper chafed at the delay in paying their allowances. “Up till now, we have not seen anything. We came back December 12, 2015. Till now, I don’t know what they are waiting for. They didn’t tell us how much the whole money was, but if they can pay you 30%, which was $7,700, then you do the calculation. The remaining percentage that is left, till now, we are yet to see anything and nobody is talking about it,” he said.

Our correspondent calculated the remaining sum to be at least $18,000.

One of the trainees said he learned that the Army had not paid the full amount out of fear that some of the trainees might abscond. “We heard that the officers at the top [of Nigerian army] believed that if they gave us 100% of the amount, some of us might not come back. That’s why they had to break that money. Okay, now that you are back, they have decided not to pay the money, because if they wanted to pay the money they would have paid it since.”

One member discounted the idea that the failure to pay them was a result of the change in government, from Mr. Jonathan to President Muhammadu Buhari. “The fact that we were paid 30% of the money before we left shows there must have been proper documentation on everything that is related to the payment. So I don’t see why it would be difficult for the incumbent government to approve the payment of the rest of the amount,” he said.

The trainer added, “If it is part of the money [former National Security Adviser] Dasuki stole, at least the government has been retrieving money from those who benefited from the cash Dasuki distributed. They should use some of the retrieved funds to pay us the remaining 70% of our allowance. At least we are still doing the work.”

Speaking also with SaharaReporters, one of the soldiers complained that members of the Police and SSS who undertook the sniper training did not proceed to Sambisa Forest with soldiers after returning to the country. “The police and SSS members received the initial payment, yet they have not joined us in operations. There is no reason why those of us who are advancing into the forest should not be paid,” he said.

“Eight policemen advanced with us but they were later removed. SSS didn’t advance with us although they went for training with us, got the same allowance that we got and nobody is making use of them for this operation,” said the source. He added: “But those of us in the Army, Navy and Air Force, we face the problem of the nation totally. And we that are in the operation, we are facing casualties and there is no plan to balance up our money.

According to him, SSS agents who undertook the training were deployed to Aso Rock on their return.

One sniper bemoaned the treatment he and others had received. “We were promised that when we come back we would get your 70% of the allowance to make sure that things like house and car would not be our problems. The payment was supposed to give us rest of mind. That’s why we went there and trained hard. We faced the rigorous aspect of the training. All of us did the training to the maximum.

“If you were not fit, they discovered from your heartbeat and they returned you. They returned at least two men. We are still fighting with the manual system, but war has gone beyond that. A lot of equipment was given to us in Russia, and they make us different from the conventional soldiers.

“This issue of the allowance is serious. We are risking our lives to defeat them [Boko Haram]. So why are we sacrificing our lives and the country is not paying us what we were promised?” he asked.

THE SECOND THIEF POSE LIKE SAY NA IM PALOUR IM DEY.......#thunderfireyouforstealing

I HOPE YOU SAW THE LINK TO THE STORY SOURCE?

oweman:
So there is a town called GARBA SHEHU the poster should please go back and look for better lies to tell this forum as Garba Shehu is a name given to people not any town in Nigeria .

If those you claim to have arrested fail to tell you you the too were attacking to avenge the killing of five fulanis in Abia state and dumped in shalow graves is the cause of the attack that the Governor was sobbing on NTA then they are yet to tell you anything just waiting for the order by Fayose to poison water so as to kill ca can see more governors crying soon are awaited .

Inability to secure foreign exchange (FX) is the only reason Asaba shoe cluster, nurtured and mentored by the United Nations Industrial Organisation (UNIDO), cannot produce 1000 pairs of shoes ordered by one of the world’s biggest shoe manufacturers in Britain.

Two other foreign shoe manufacturers have also looked in the direction of the Asaba shoe cluster for supplies, but this has not worked out despite the skills and raw materials available in Asaba cluster.

The officer in charge of the UNIDO regional office in Nigeria, Chuma Ezedimma, who disclosed this in an exclusive interview with BusinessDay in Port Harcourt, Rivers State, at the sidelines of the retreat at the Oil/Gas Free Trade Zone Authority in Onne, said this development had created a lull in the Asaba cluster.

The UNIDO boss, who said the organisation had to sponsor a retreat of all agencies involved in the trade and investment sector to know the focus of the present administration, regretted that the Asaba leather works cluster could not secure FX from the Federal Government to bring in technical partners and machines needed to execute the contracts it won.

Ezedimma said: “We cannot transfer dollars out of the country. We wanted to bring in trainers to train the local people to develop the shoes for the two contracts. Clarks is asking for 1000 shoes. The factory is designed to train and to support the Onitsha shoe cluster so they can make any kind of shoes.”

According to Ezedimma, each of the clusters (Aba and Asaba) makes the best in the world, but “there is a machine there that gums and does compacting such that it cannot come off. It is a technology that has to be brought in. The machines are very important. One objective is to use those clusters to create more jobs.”

On the state of the Aba cluster, the UNIDO boss admitted that Nigerian Export Promotion Zone Authority (NEPZA) worked with UNIDO in Aba to set up a leather centre there and in Asaba, saying Aba was now functional and that UNIDO was working with the NEPZA to get a management consultant to manage the cluster.

He said: “Anyone who wants to utilize the machines there can do so. It is not for one owner but for you to walk in and utilize any of the machines for a fee. It is meant for a cluster, not for one person. It is not designed for one-man ownership. There is also a training component for them to understand what to do. Design is the focus because if you do not know how to design, it is difficult for you to be a successful show producer.

“The one in Delta is so interesting because they got a contract from Clarks, the British shoe manufacturer and Jonji and Manny. There is a lull in this transaction because of foreign exchange. The first set of 20 trainees in Asaba went to Italy and learnt only designs and came back to become employers. We have moved on that. The only thing stopping them is lack of capital due to foreign exchange because the Federal Government has not allowed us to move money out.”

The following day after this lamentation, the Federal Government through the Central Bank of Nigeria (CBN) liberalised FX windows, an action that may free the Asaba shoe group to move fast and execute the contracts.

contrary to the claim by the Chairman of the Senate Committee on Business and Rules, Senator Ita Enang, last week that 83 per cent of oil blocks in the country are owned by northerners, investigations by THISDAY have revealed that 88 per cent of the oil blocks are owned by multinational oil companies.

On the other hand, indigenous oil operators or Nigerian companies control only about 11 per cent, confirming the assertion by human rights lawyer, Femi Falana, last week that oil majors control and manage the lion’s share of the Nigerian oil and gas industry.

THISDAY had also pointedly observed that Enang’s allegation referred to only indigenous oil operations, not total oil output in the country.
Investigations also revealed that even among indigenous oil operators, northern shareholders/directors do not account/own 83 per cent of local oil output, as Enang’s list left out several oil blocks that had been awarded over the years to Nigerian companies and failed to include oil concessions awarded from 1999 to date.

A breakdown of oil leases granted operators showed that the total number of Oil Mining Leases (OMLs) in operation by December ending 2012 was 109, while Oil Prospecting Leases (OPLs) stood at 92.

The Federal Government had in 2012 set a production target of 2.48 million barrels per day (mbpd), of which 1.5 million barrels of oil per day (mbpd) were expected from the onshore and shallower water terrain, while deepwater concessions accounted for 900,800 bpd, which are currently controlled by the multinational companies.

Of the 2.48 mbpd produced last year, the entire production by indigenous companies totalled 276,000 bpd, accounting for about 11 per cent of Nigeria’s production.

Among the IOCs, Shell Petroleum Development Company (SPDC) produced 605,539 bpd, Mobil Producing Nigeria Unlimited (Exxon Mobil) - 528,000 bpd, Chevron Nigeria - 489,999 bpd, Total Elf - 400,134 bpd, Agip – 98,284 bpd; and Addax - 90,489 bpd respectively.

In comparison, local oil companies led by the Nigerian Petroleum Development Company (NPDC), the exploration and production arm of the NNPC produced 125,828 bpd in 2012, Seplat Petroleum - 40,033 bpd, Pan Ocean - 7,387 bpd, while others described as independent marginals produced 102,797bpd.

A detailed breakdown of indigenous concessions and their directors/shareholders are shown in the table below:

Indigenous Operators

S/No

Name of Operator

LicenCe

Year of Award

Names of Directors/shareholders

1

Alfred James Petroleum

OPL 302

1991

Adewunmi Sijuade, Goke Sijuade, Adedeji Sijuade, Olayinka Sijude, Adeyemi Osiyemi and Femisola Awosika, with A.O Adeyinka as Chairman

2

Soglas Nigeria Limited

OPL 226

1991

Oscar P. Udoji, P.E Udoji, E.E. Nwosu, with J.O. Udoji as Chairman

3

NorthEast Petroleum

OPL 215, 840 &902

1991

Kommer Complex Limited, Nwokema Ngozi Mbu, Abubakar Jubril and Ashiru B. Aliu, A. Ayankoya with Saleh Jambo as Chairman

4

Optimum Petroleum

OPL 310

1992

R.D. Adelu, Yusuf N'jie and O.A. Aremu with Ibrahim Bunu as Chairman

5

Sunlink Petroleum

OPL 238 & OPL 311

1993

Olaniyi Olumide, Hayford Alile, Samuel Bolarinde, Richard Adelu, Martins Olisa, John Brunner and Emmanuel Ojei

6

Express Petroleum

OPL 108 & 227

1995

Ahmade Rufai, Tajudeen Dantata, Dalhatu Gwarzo, Lawan Omar with Aminu Alhassan Dantata as Chairman

7

Dubril Oil Co. Nigeria

OPL 96

1987

B.N. Itsueli, C.A. Itsueli, O.O. Itsueli, A.E. Ihuegbu with U.J. Itsueli as Chairman.

8

Amni Int. Petroleum

OPL 112 &117

1998 &1999

E.C Edozien, Tunde Afolabi with Sanni Bello as Chairman

9

Atlas Petroleum Int. Nig Ltd

OPL 109

1996

Umaru Ndanusa, Ikechukwu Joseph, Mohammadu Murtala with Arthur Eze as Chairman

10

Consolidated Oil

OPL 103, 458, 136

1993, 1998 &2006

O. Adenuga and Ebi Omatsola with Mike Adenuga as Chairman

11

Oriental Energy Resources

OPL 115

1999

Usman Danburan, Jibril Mohammed Indimi with Senior Mohammed Indimi as Chairman

12

Cavendish Petroleum Nig. Ltd

OPL 110

1996

Gambo Gubio with Mai Deribe as Chairman

13

Allied Energy Resources Nig. Ltd

OPL 120 & 121

2001

Mickey Lawal as Director with Kase Lawal as Chairman

14

Peak Petroleum

OPL 122

2001

Adekunle Olumide, W. Bolaji, Florence D. Oluokun and Ayodeji Oluokun with M.A. Oluokun as Chairman

15

Summit Oil Nig. Limited

OPL 205 and 206

1990

L.K.O Abiola, Radio Communications Nig. Ltd with M.K.O Abiola as Chairman

16

Crownwell Petroleum Ltd

OPL 305 AND 306

1993

S.K Adejumo with Sair Kuashi as Chairman

17

Famfa Oil Ltd

OPL 216 (OML 127)

1993

Folorunso Alakija wit Modupe Alakija as Chairman

18

MoniPulo

OPL 114, 239, 234, 231

1999, 2008, 2008, 2007

F.A. Agama with O.B. Lulu Briggs as Chairman

19

Yinka Folawiyo Pet. Company

OPL 113

1998

S.T. Folawiyo, T.B Folawiyo with W.I Folawiyo as Chairman

20

Zebbra Energy Limited

OPL 248

2004

S.A. Oloko, Boni Madubunyi, Zimako O. Zimako with A.B.C. Orjiako as Chairman

21

Oil and Gas Limited

OPL 249 and 140

2003, 2006

M.O. I drisu with Reggie Uduhim as Chairman

22

Continental Oil and Gas Limited

OPL 59

1998

Agbolade Paddy, Subair Shefiu with Mike Adenuga as Chairman

23

Emerald Energy Resources

OML 141

2001

J.O. Amaefule, P.L. Caldwell, A.C. Uzoigwe, Amos NUR, C.N. Chieri, Femi Akingbe, F.A. Njoku with Emmanuel Egbogah as Chairman

24

Oranto Petr. Limited

OPL 320

2002

Arthur Eze as Chairman

25

Dajo Oil Limited

OPL 320

2004

R.B. Domingo, M.O. Domingo, U.R. Domingo with Domingo Obande as Chairman

26

Malabu

OPL 245


Dan Etete as Chairman

27

Orient Energy

OPL 915, 916


N. Nwawka with Emeka Anyaoku as Chairman

28

Sahara Energy Exploration

OPL 284, 228, 332

2005, 2006

Buba Lawal, Cole Tonye, Odunsi Ade as Diectors

29

Enageed Resources Limited

OPL 274

2007

Buba Lawal, Cole Tonye, Odunsi Ade as Diectors

30

Seplat

OPL 4, 38, 41

2010

A.B.C. Orjiako and Austin Avuru

31

Ekcrest E & P Limited

OPL 40

2012

Emeka Offor as Chairman

32

First Hydrocarbon

OPL 26

2011

O.A Azazi as Chairman

33

Neconde

OPL 42

2011

Amesi Azudialu, John Umeh, Nnenna Obijesi

34

Niger Delta Western

OPL 34

2012

Olayiwola Fatona, David Richards, P.O. Balogun, T. Omisore

35

Transcorp

OPL 281

2011

Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola and Nicholas Okoye

36

Starcrest, Cross River Energy & NPDC

OPL 242

2011

Emeka Offor, Chris Garuba

37

Starcrest

OPL 291


Emeka Offor, Gidado Idris, Yzoni Yaw

38

South Atlantic (SAPETRO)

OPL 264 (130)

1998

Miguel Guerrero, Joy Ikiebe, Guerrrero, with T.Y. Danjuma as Chairman

39

Oando

OPL 278, 236

2005, 2006

Magoro, J.A. Tinubu, O. Boyo, M.O. Osunsanya, O. Adeyemo, O. Akpata, Oba Gbadebo, A. Peppe and Appiah Korang

40

Ashbert

OPL 325


Albert Esiri, Ifeoma Esiri

41

Oil World

OPL 241

2007

Gbenga Olawapo, Adekunle Akintola, Ibukun Olawepo, Rachael Akintola

42

Pan Ocean

OPL 98, 275

1976, 2007

F.A. Fadeyi, M.D. Yuduf, S.D. Adeniyi

43

Cleanwater Consortium

OPL 289

2007

Arumeni-Ikhide Joseph, Okey Nzenwa, Abu Ibrahim

44

Afren Global Resources

OPL 907, 917

2005, 2008

Rilwan Lukman, Osmah Shahenshah, Evert Jan Mulder, Peter Bingham, Guy Pass, Bet Cooper, Constantine, Egbert Imomoh

45

Centrica/CCC/All Bright Consortium

OPL 276, 283

2005, 2006

Jake Mirica, John Sheers

46

Gas Transmission & Power Ltd

OPL 905

2005

Ahmed Joda, Babangida Hassan Katsina, Makoji Aduku, Abubakar Joda

47

Global Energy Company Limited

OPL 135

2005, 2010

S.A. Onabiyi, M.A. Koshoni, T.T. Anyansho, J.N. Obiago

48

New Nig. Devt. Company

OPL 733,809, 810,722


Northern State governors

49

Tenoil Petroleum Energy Services

OPL 2008

2007

Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola, Nicholas Okoye, with Elumelu as Chairman

Marginal Fields Operators

S/No

Name of Company

Licence

Year of Award

Names of Directors/Shareholders

1

Niger Delta Company

Ogbele (OML 54)

1999

Aret Adams, Uduimo Itsueli, Sammy Olagbaju, David Richard, Udi Ibru and Fatona Layi

2

Prime Petr. Ltd & Suffolk Petr

Asaramaroru (OML 11)

2003

MacPepple Henry, Macpepple Joy, Macpepple Emmanuel, Macpepple Elfrida and Macpepple Victoria

3

Oriental Energy

Owok (OML 67), Ebok

2006, 2007

Alhaji Indimi, Usman Danburran

4

Universal Energy

Stubb Creek Field (OML 13/14

2003

Amana Nkoyo, Mianaekere Nelson, Abubakar Hayatou, Mboho Emmanuel, Ekpo Akpan, Inyang Etim (Akwa Ibom Govt)

5

Eurafric Energy Limited

Dawes Island (OML 54)

2003

Onoh Anthony, Onoh Christiana, Onoh Ngozi, George Udoekong, Nwauche Eastus

6

Pillar Oil Limited

Umusati/Igbuku (OML 56)

2003

Onosode G.O, Fadahunsi O, Amakiri J., Hassan-Katsina Usman, Tonwe Basife, Obaseki Godwin, Akoyomare Ambrose, Fisher Abayomi, Anaekwena Anthony, Avuru Spencer, Onosode Spencer, Hassan-Babangida

7

Bayelsa Oil Company

Atala (OML 46)


Bayelsa Govt, Brigidi David, Alamieyesheiga Anitonbrapa, Ifimain Ekine, Jonathan Selereipre, Enddeley Francis, Chinwetelu Chris, Willians E.J., Aliyu Abubakar

8

Movideo E&P

Ekeh (OML 88)


Idau Sadiq, Jacobs Kayode, Enahoro Victor, Mohammed Aishatu, Tugger Yusuf, Okwuaive Iyabo, Sadare Raymond

9

Bicta Energy

Ogedeh (OML 90)


Adesemowo G.A, Bashir MM, Onumodu Soye, Akinro C.A, Malberbe T. Unejei T

10

Guarantee Petrr & Owena Oil

Ororo (OML 95)


Rufus Giwa, Ayodele Johnson, Fayose Abiodun, Unuigbe Odion, Omobomi Samuel, Rotimi Luyi, Adefarati Tunde, Duyie Korede, Ojo Segun, Ogedengbe Dele, Aidi Abass, Adegbonmire Wunmi, Amoye Mofisco, Ebiseni Sola, Oladunni Solomon, Agoi-George Segun, Akinruntan F.E, Hassan AlGazali, Eburajolo Victor, S.A. Ajayi

11

Platform Petroleum Limited

Egboma (OML 38)


Edmund Daukoru, Avuru Austin, Amachi Moshe, Adegoke Oluwafeyisola, Addo-Bayero Nasir, Ewendu Chidi

12

Sogenal Ltd

Akepo (OML 90)


Funso Lawal, Joda Abubakar, Harriman Hope, Odu Bunmi, Edohoeket Samuel, Yahaya Mohammed, Dada Nicholas, Yellowe Kenneth

13

Chorus Energy

Amoji (OML 56)


Akerele Chris, Mamman Samaila, Ihetu G.S. Braide Kombo, Banks Nigel, Clubb James, Uhuegbulem Ben, Baba Gana Abba

14

Millennium Oil and Gas

Oza (OML 11)


Ali Chris, Maseli John, Karrs Sastry, Shama Yogi, Igweze Emeka, Bashir Farouk

15

Brittania U-Nigeria

Ajapa (OML 90)


Ifejika Uju, Ifejika Emmanuel, Omu Paul, Otiji Igwe, Ikpeme Ita, Cardoso Tokie, Okonkwo Annie, Inua Mogaji, Mbanefo Louis, Ombu AVM, Horsfall A.K., Ukpong Uche, Ogoro Emomena, Ifejika E.I, Umar Alhaji, Ikpele A.O

16

Network E & P

Qua Iboe (OML 13)


Ajose Adeogun Ladi, Adesomoju Akin Alex -Duduyemi, Adewusi Adebowale, Ifode Yeletide, Gasau Ismaila Musa, John Etop, Olagbede Olufemi

17

Waltersmith Petroman & Morris Petr.

Ibigwe (OML 16)


Isa Abdulrasak, Saleh Danjuma, Utomvie Nyingi, Ita Princess, Okoli Ndubuisi, Kakpovie Anthony, Okpala Eugene, Idrisu Mammudu, Idrisu Lawal, Isokrari Ombo, Nzeakor Nick, Abdulsalami Abdul, Nwabudo Ignatius

18

Midwestern Oil & Gas & Suntrust Oil

Umsadege (OML 56 )


Igbokwe Ken, Afejuku Anthony, Daultry Akpeti, Sagoe Kweku-Mensah, Gambo Lawan, Oshevire William, Mordi Sylvanus, Maidoh Daniel, Fatayi-Williams Babatunde, Mohammed Waziri, Emerhor Otega, Dublin-Green Winston, Mohammed Abubakar, Oduah Stella, Okafor Ugo and Baba-Ahmed Mouftah

19

Independent Energy Limited

Ofa (OML 30)


Ikelionwu Emeka, Ohunmwangho Steve, Yar'Adua Murtala, Okudu Anthony, Bello Shamsudeen, Obaoye Michael, Monanuma

20

Del Sigma

KE (OML 55)


Amachree Sokeiprim, Ungbuku K.D., Bakut J.I, Chaff Kabiru

21

Associated Oil & Dansaki Petroleum

Tom Shot Bank (OML 14)


Machunga Laraba, Gwadah Bitus, Balat Isaiah, Uzor Azuka, Ibok Udo, Uzoechi Isaac, Kadiri Samuel, Afolabi Aderenlr, Yinka Aina

22

Frontier Oil Limited

Uquo (OML 13)


Dada Thomas, Lolomari Odoliyi, Kolade Victor, Yisa Solomon, Nwasikeobi, Alechenu Emmanuel, Bello Falalu

23

Energia Limited & Oando Prod. Devt Ltd

Ebendo/Obodeti (OML 56)


Horsfall A.U, Aribeana Stephen, Shawley Cooker, Bello Lawal, Ene Emeka, Afolabi Ade, Coker Sam, Esiri Albert, Dibiaezue Ifeoma, Hammad Charles, Macgregor Olushola, Oando

24

Goland Petroleum Devt. Company

Oriri (OML 88)


Kingsley Ngelale, Mogaji Gambo, Slako Johnson, Anthony Dotimi

25

Excel Exploration & Production

Eremor (OML 46)


Abiodun Awosika as shareholder

26

Sahara Energy & African Oil Ltd.

Tsekelewu (OML 40)


Baba Lawal, Cole Tonye, Odunsi Ade, Adeniji Titi, Akinla Ladipo, Bently John, Ciroma Musa, Odili Obi F., Du-Frayer

27

Green Energy International Ltd

Otakikpo


A.A. Olojede as shareholder

28

All Grace Energy

Ubima (OML 46)


Adeola Adenikinju, Sola Alab

http://saharareporters.com/2013/03/14/thisday-real-ownership-indigenous-oil-blocks-revealed-segun-adeniyi

I AGREE WITH THE NORTHERN GOVERNORS....IT IS REALLY AN INSULT .....

FOR YOUR INFO criminals are...pick pockets, rapists, money ritualists, armed robbers, drug traffikers,....

FULANI HERDSMEN ARE TERRORISTS...PLEASE DONT INSULT THEM BY BRINGING THEM DOWN TO THE LEVEL OF MERE CRIMINALS

Three of East Africa’s Presidents, Rwanda’s Paul Kagame, Uganda’s Yoweri Museveni and Kenya’s Uhuru Kenyatta have visited Ethiopia’s Metals and Engineering Corporation (METEC), a place regarded as the country’s ‘centre of dynamism.’

Metec is not only a statement but also a testimony that industrializing Africa is possible; it’s something that Rwanda’s Ministry of Defense officials honoured in an inscription on a glass plaque left behind after a recent visit.

Located some 45km South-East of the capital Addis Ababa, Bishoftu Automotive Industry (BAI), one of the fifteen industries that make up Metec, is involved in designing, engineering and assembling various types of autos, for mainly, the home market.

In total, Metec’s fifteen workshops directly employ between 13,000 and 15,000 Ethiopians with 3,000 of those at Bishoftu and 40 percent of them girls who take on an unusual role; with their long hair rolled up in smart ponytails, they bend down to work and disappear in a world unfamiliar to most East African girls their age.

Although ten percent of the work force at Bishoftu is composed of soldiers, the rest are civilians, most of them youths aged below 25 years; there are few degree holders here, only certificates and gifted hands from vocational technical colleges.

It’s also not a place to find the so called ‘foreign expats.’ Well, not anymore. They did their part in the earlier days of the plant, some six years ago, transferred their technical-know-how to locals and now everything at all Metec’s fifteen workshops is done by Ethiopians.

The only foreigners seen at the time of visiting were a group of Chinese investors who were being shown around the premises, perhaps with plans to strike a partnership to churn out more products.

One of the locals working at Bishoftu is Kuri Aspa, a 23 year old pretty woman with a calming smile that could easily earn a front desk position at a top corporate firm in the city or a slot on the catwalk of Ethiopia’s next top model with high chances of winning the pageant.

But those are the kind of prejudices for women that have no place in Ethiopia; as a matter of fact, Aspa was hunched over the gearbox of a T-55 battle tank which was two steps away from rolling off the final point of the assembly line.

Watching her delicate hands work with effortless efficiency, it is such an irony that the final product of Aspa’s soft-touches would be an armored T-62 combat ready tank that would be bought by the African Union and deployed in Somalia to fight Al-Shabab terrorists.

Hybrid technology

Although most of the weaponry assembled at Bishoftu is used by the Ethiopian defense forces, the plant also supplies the African Union and at the time of visiting, a long line of tanks fully assembled and branded with AU insignia could be seen in the yard, ready for delivery.

Maj. Metafer Beshawhwured is Metec’s Assistant General Manager in charge of Sales Marketing; he told Sunday Times that there’s nothing that can’t be assembled at Bishoftu. That’s true; at least going by the evidence of finished works on display.

Some of the battle tanks made at Bishoftu include T-55, T-62 and T-72s, the difference being in their models and technical specifications and capabilities on the battlefield.

Russian and Chinese technology tanks formerly used by the Ethiopian defense forces; once retired are sent to the plant where they are recycled, redesigned, reengineered and assembled into hybrid products combining technologies from both countries.

They also have the monstrous Zilla; a multi-purpose armored personnel carrier favored by most anti-riot police forces around Africa; in spite of its size, it can accelerate from 0-40m in six seconds and boosts of a cruising range of 60km/hr for 500km.

“We are trying to build a self-contained economy by learning from others and making things that we need, here at home, by ourselves,” Maj. Beshawhwured told me.

Asked whether Ethiopia has been approached by any of East Africa’s presidents to supply their countries with some of their products, the soft-spoken soldier couldn’t say yes or no but gave the indication that all three presidents were impressed by what they saw.

Eight buses a day

The armory assembly wing of the plant is, naturally, the most exciting, but Bishoftu is a large facility and makes a variety of other civilian vehicles including public transport buses similar to the ones seen on Kigali city roads.

For instance there’s the twelve meter long Bishoftu bus, a thirty seater with a maximum speed of 80km/hr running on a six cylinder-four-stroke-in-line turbo charged engine.

There’s also the 18-meter Bishoftu articulated bus with space for 50 seated passengers and 112 standing passengers; it weighs 128,000kg with its 336-horse-power dragging it 70km an hour.

These two and a handful of other varieties dominate Ethiopia’s public transport; the plant makes at least eight buses on average, daily.

At least 600 young Ethiopian women and men would have rendered their various skills at different stages of the works, by the time a single bus rolls off the final station of the assembly plant.

The plant has a partnership with the Chinese bus giant, Yutong that enables technology transfer and other technical collaborations between the two countries.

Normally, Ethiopia import technology from the Chinese and study it before fabricating it locally using local technology.

From personal user cars to public transport vehicles, Bishoftu is manufacturing products made by Ethiopians in Ethiopia for Ethiopians and a whole value-chain has sprouted up around this plant creating thousands of other jobs, indirectly.

The state policies have also made sure that it’s easier to buy a car made in Ethiopia than one imported and as a result, Ethiopian streets are not the place to find the fancy fuel guzzlers from America and Germany.

It’s deliberate, to encourage Ethiopians to buy cars made in Ethiopia by Ethiopians.

“That cuts the cost by at least 40 percent of the value of an imported car,” Major Beshawhwured said.

An import substitution lesson

Both Rwanda and Ethiopia are pursuing the same strategy, transforming their countries from being rural and agriculture driven to industrial economies; for obvious reasons, save foreign currency but also to create jobs.

In both countries, the state is at the vanguard of these efforts and in Rwanda, the economic free zone approach is the vehicle that has been designated to deliver industrial success.

The Ethiopian government is also in the process of setting up five economic zones located in various parts of the country to spur the country’s drive to boost manufacturing.

Clearly, both countries have started off by taking the first step on a journey of potentially a million miles with challenges littered along the way and unlike Ethiopia, in Rwanda’s case, inadequate electricity remains the biggest bottleneck.

Also Rwanda’s policy makers can learn something from the Ethiopians; if the country is going to encourage local production of formerly imported goods; such a move requires supportive policies that encourage locals to buy locally made goods rather than imported ones.

Currently, products of the country’s few local producers are left unprotected from competition presented by imports on the stalls of local markets and industry players say they could do with some protective policies.

The benefits could be many including boosting the manufacturing sector’s contribution to the country’s productivity which is currently around 12 percent; help reduce the country’s import bill which can only be covered by around 25 percent of export earnings.

In its latest outlook on Rwanda, the International Monetary Fund says with the drop in commodity prices of especially minerals, the economy’s balance of payment will worsen next year posing major foreign exchange risks.
http://www.newtimes.co.rw/section/article/2015-11-08/194202/

An Ethiopian female technician working on the lighting system of a bus. Forty percent of workers at Ethiopia's Bishoftu Automotive Industry (BAI) are women with vocational training.

lol u no serious

cruzita:
him dey find the missing budget

pls send the info to cokadigwe@mail.com....interested

welldone bro,your own no go loss....
was wondering sha...about the battery,MUST IT BE 12v 40ah? i ask because i have a 12v 200ah battery already.also if i am to use the battery i have,can i still connect it through the ups?(considering the size of the battery).thanks....pesin way say your water no go boil....make darkness thief im stove and kettle

ALL THESE OLODO PEOPLE WEY DEY FULL FOR SCHOOL DESE DAYS EH....SHA D NIGAS AV TO PAY FOR ALL D KPEKUS WEY DEM DEY COLLECT

U NEVA CHOP BELLEFULL ...U WAN F-KC BELLEFULL...NA SO U GO DIE BELLEFULL

the only thing wey dey pain me be say dem no reach even 2k for Naija wey we for deport.....THE ONLY GOOD THING IN THE UK IS ...(OR WAS) CHELSEA.....now there is nothing

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