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Governance

NNPC resumes oil drilling in Borno

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The Nigerian National Petroleum Company Ltd has resumed an oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State.

The NNPC resumed drilling after it stopped drilling in Wadi-B in 1995 because back then successes were weak and findings made during the period were not in commercial quantity, it was reported.

According to NNPC’s Group Chief Executive Officer yesterday, Mele Kyari, the company hopes to bring prosperity to the people through the elimination of energy poverty currently threatening Africa’s biggest economy.

Kyari made the commitment at the Presidential flag-off of Wadi-B drilling campaign by President Muhammadu Buhari in Borno State.

Kyari said, “We understood very clearly that we need to understand the basin very well. We need to have a different approach to exploration activities in this very basin and that is why NNPC and our partners, the Ministry of Petroleum Resources and the current Upstream Regulatory Commission decided to embark on massive revaluation of all the frontier basins in the country.

“Of course, our findings have been useful. The understanding of the rift system in Nigeria enabled us to have successful outcomes in the Kolmani Area.

“It also enabled us to mobilise to Nasarawa State. Now a drilling activity is going on. It also helped us to understand the geological basin of the Chad Basin which is why we are back here.

“Now we are much more confident, we believe that this campaign will be successful and that this campaign will take us to the ultimate objective which is to increase the reserves of our country and also create opportunities around us. We believe that the time for oil and gas to vanish is still far away.”

He also stated that the NNPC and its partners would deploy the necessary technology and best approach that would enable it to create value for Nigerians in the quickest possible time.“

Kyri believes that the drilling exercise would deforestation as most Nigerians who do not have access to cooking gas fell trees as an alternative for cooking.

He added that “Where ever we find crude oil, we will consider the concept of integrated production and conversion so that value can be created very quickly. We know for sure that 70 per cent of our population doesn’t have access to clean cooking fuel and that is why you are seeing the effects of the frustration which is most pronounced in this part of the country

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Economy

President Bola Tinubu Suspend Godwin Emefiele as CBN Governor

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President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect,” the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey said in a Friday statement.

“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.”

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Governance

What I Have Seen About Tinubu’s Government – Shehu Sani Reveals

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Barely two weeks after he assumed office, former senator representing Kaduna Central, Shehu Sani has expressed satisfaction with the administration of President Bola Ahmed Tinubu so far.

The non-serving senator said the president has started on a good footing and has demonstrated civility especially in giving listening ears to people.

Sani stated this when he appeared on the Channels Television programme “Politics Today” yesterday.

According to him, given critical observation and consultations with individuals and groups, he was satisfied with the administration for now.

Going ahead, he however said that the president must arrest insecurity and growing violent attacks while handling the fragile economic situation of the country.

To address these, Sani said Tinubu should seek wise counsel in appointing leaders of security agencies and constitute a knowledgeable economic team.

He said, “First of all, I can see that he has started on a good footing in the sense that he has proven to be a president first of all as a civil servant and also gives a listening ear to people. From what we can see from distance and consulting individuals and groups, I think he has started right, I am satisfied with the level of consultation for now.”

He said what the President has to do is to get people that are competent and capable, to man the position of authority as he pilots the ship of state to the future. “ He also needs to set an immediate priority of what he needs to address and as far as Nigeria is concerned, first is security and the second is economy, these two are very important,” he added

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General

Lagos State Youngest Lawmaker Pledges Effective Representation

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The thirty-six-year-old youngest member of the Lagos State House of Assembly, Sabur Oluwa, has promised his Constituents of effective representation.

Oluwa, who is representing the Ajeromi-Ifelodun constituency II at the Assembly, was among the 40 lawmakers inaugurated at the 10th Lagos Assembly on Tuesday.

The lawmakers took the Oath of Office after Governor Babajide Sanwo-Olu proclaimed the 10th Assembly on Tuesday.

Oluwa reiterated his commitment to quality representation that would bring speedy development to the constituency and also promote peace and harmony among constituents.

He said; “By the grace of God, the mandate given to me by my constituents in Ajeromi-Ifelodun constituency II will not be betrayed. The confidence they have in me will be justified. The love of my constituents for me, through their votes in the election that brought me in, will be reciprocated.

“The peculiarities of our constituency, being one of the most populous and ethnically diverse in Nigeria, set us apart. We will leverage these to attract the requisite attention and development to Ajegunle.”

“I will ensure effective and sound representation at the House of Assembly, Lagos, to positively impact the lives of Ajegunle people,” the 36 years old lawmaker said.

Oluwa is the youngest lawmaker in the 10th Assembly.

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