General

Kogi Guber 2019: Imposition by Ex-Governor Brews Fresh Crisis in PDP

Published

6 years ago

09/06/2019

A major crisis is brewing in the Kogi State chapter of the Peoples’ Democratic Party (PDP) as concerned members are mobilizing to protest the moves by an ex-governor in the state, Mr Ibrahim Idris, to impose his son, Abubakar, as the party’s candidate in the state’s governorship election slated for November.

Mr Abubakar Idris declared his intention to run for the office once occupied by his father last year but it is the manner in which the party leadership in the state is being forced into adopting the ex-governor’s son that is setting the stage for a major confrontation.

PDP members in the state, still smarting from the mismanagement of the nomination process in the 2019 general elections across the state are raising alarm, warning that any attempt to impose another candidate in the coming governorship election would backfire.

Party stalwarts who spoke with our reporter on condition that they are not named accused the ex-governor of killing the PDP in Kogi State, while in office, pointing out that all the poor foundation he laid contributed to the party’s poor outing in 2015.

Some of them stated that towards the end of his second tenure, Idris popularly called ‘Ibro’ was seen extorting money from those vying to succeed him with a promise of allotting them the governorship slot, adding that he has already started playing the same game now, promising the deputy governor’s slot to those who can pay.

“Ibro as usual, has turned the deputy governorship slot into a money-making machine. The same way he did in 2010 over the governorship slot.

“Politicians are currently trooping in and out of his Abuja residence in their bid to lobby for the number two post. Ibro on the other hand is said to be smiling to the bank on daily basis as those he has approached for the slot are responding with bank alert,” one party stalwart, said.

The stalwarts revealed that one of the ex-governor’s plan to foist his son on the party is in the exorbitant nomination fee, which they said is already driving many good potential candidates out of the PDP into other parties.

“In the last two weeks, they have asked aspirants to pay the sum of N75 million as nomination form fee without giving any genuine reasons why aspirants are being asked to pay such ridiculous amount,” one aggrieved member told us.

According to them, the strategy is similar to the one used during the NASS/presidential election when high nomination fees were used to push our potentially good candidates in favour of Senator Attai Aidoko was later fielded.

They, however, warned that if Ibro is not checked by the national leadership of the party, PDP will fail woefully in its mandate to produce the next governor of the state, and that the error will also mark the exit of the party from the state polity.

The party stalwarts lamented that fact that a man whose records during his nine years in office can only be described as disastrous, would be allowed to dictate who would be the party’s flagbearer in the upcoming election.

How could Ibro’s son, they queried, with neither the competence, experience, a genuine manifesto, or broad appeal amongst party faithful, be expected to deliver electoral victory in November.

The ex-governor was equally accused of losing touch with reality in Kogi, pointing out that his recent interview, where he said that he had no idea of the prevailing hardship in the state, as evidence that neither he nor his son had anything good to offer.

They queried how any dynasty built by a man who is oblivious of the misery that poor leadership is producing in the state can be good for Kogites, pointing out that it was better for the PDP to realise the error of allowing am like Ibro to select a governorship candidate for the party, in order to save it from obvious defeat in November.

The party men said the way out of the defeat staring PDP in in the face was to allow the party run the selection process according to laid-down rules and regulations, rather than allow an ex-governor, who failed in his time, to impose his son.

Ibro’s tenure, it was further pointed out, enjoyed one of the economically healthiest moments of the country, with the price of oil relatively high, internally-generated revenue in the state receiving as much as 150 percent boost, but Kogi under his watch failed miserably to record any meaningful development.’

He was also accused of siphoning Kogi’s funds to build businesses for himself, family and cronies, and that his hotels spread across Abuja, Lagos and Dubai are mostly the proceeds from crime committed against the state.

General

Nigeria, Angola, Ghana Fulfil Capital Commitments to Africa Energy Bank

Published

9 hours ago

02/04/2025

Modupe Gbadeyanka

By Modupe Gbadeyanka

The trio of Nigeria, Angola, and Ghana has fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB) in what is seen as a significant development for Africa’s energy sector.

The AEB aims to finance oil and gas projects across the continent, addressing funding challenges posed by traditional Western financial institutions’ reluctance to support fossil fuel initiatives due to environmental concerns.

Recall that the African Petroleum Producers Organization (APPO) requires that to operate the financial institution, members must get 44 per cent of the capital base of $5 billion.

Each of the 18 members of the group is required to provide at least $83 million and beyond Nigeria, Angola and Ghana, five additional member states – Algeria, Benin, the Republic of Congo, Equatorial Guinea and Ivory Coast – have pledged to make their payments, aligning with the bank’s goal to commence operations in the first half of 2025.

At the Congo Energy and Investment Forum last week, the Secretary General of APPO, Mr Omar Farouk Ibrahim, said the move to kick-off the bank, which is headquartered in Abuja, Nigeria, is progressing.

AEB is a strategic response to Africa’s need for dedicated financial institutions that understand the continent’s unique energy landscape.

By providing tailored financing solutions, the bank is poised to accelerate energy project development, enhance energy security and drive economic growth.

As more countries contribute their capital shares, the bank is expected to play a pivotal role in unlocking investment, bridging financing gaps and ensuring sustainable energy expansion across Africa.

Nigeria remains sub-Saharan Africa’s largest oil producer, offering significant opportunities in the oil and gas sector, including a 2025 bid round.

The implementation of the Petroleum Industry Act has introduced regulatory reforms to enhance transparency and attract investment, driving major projects forward.

Recent final investment decisions (FIDs) include TotalEnergies’ $550 million Ubeta Gas Field Development and Shell’s $5 billion Bonga North Project, yet additional financing is crucial to advancing Nigeria’s gas agenda and unlocking its full potential in the energy transition.

Angola, on its part, is actively diversifying its energy portfolio while advancing major deepwater developments, including TotalEnergies’ $6 billion Kaminho Deepwater Project, Eni’s Agogo Integrated West Hub and a limited public tender, with a long-term goal of increasing production to 2 million barrels per day.

Ghana is strengthening its position as a leading oil and gas player with new commitments from Eni and Tullow Oil. In March, Eni and the Ghana National Petroleum Corporation signed an agreement to enhance offshore exploration, optimize existing assets and advance untapped reserves.

General

Tinubu Congratulates Jim Ovia on Freedom of the City of London Admission

Published

19 hours ago

01/04/2025

Modupe Gbadeyanka

By Modupe Gbadeyanka

The Chairman of Zenith Bank Plc, Mr Jim Ovia, has been congratulated on his admission to the Freedom of the City of London.

The retired banker was congratulated by President Bola Tinubu in a statement signed by his Special Adviser on Information and Strategy, Mr Bayo Onanuga.

President Tinubu described the honour as a fitting recognition of Mr Ovia’s exceptional contributions to business, innovation, and technology, as well as for his role in shaping Nigeria’s financial landscape and strengthening economic ties between Africa and the rest of the world.

“This honour is a testament to your unwavering commitment to excellence, your pioneering role in the growth of the financial services sector in Nigeria, and your visionary leadership that continues to inspire generations.

“As an accomplished entrepreneur and advocate of innovation-driven development, your recognition in the City of London affirms the global relevance of Nigerian excellence and enterprise,” Mr Tinubu stated, commending the Zenith Bank chairman for being a distinguished ambassador of the nation’s private sector and wished him continued success in his endeavours.

Admission to the Freedom of the City of London is an honour bestowed on individuals either for their service to the city or for their achievements.

General

Lagos to Establish Waste Material Recovery Facility in Badagry

Published

2 days ago

31/03/2025

Adedapo Adesanya

By Adedapo Adesanya

The Lagos State Government is setting up a material recovery facility at Badagry to boost waste management.

The chief executive of the Lagos State Waste Management Authority (LAWMA), Mr Muyiwa Gbadegesin, said this initiative was part of efforts to reduce waste pollution and promote a circular economy.

According to him, LAWMA will close the Olusosun dumpsite at Ojota and other dumpsites to pave the way for the establishment of the facility and other waste-to-energy plants in the metropolis, noting that the construction of the material recovery facility will take about 15 months.

“When we close the dumpsites, we will divert the waste to a material recovery facility at Badagry. We will extract all the biogas to generate electricity and cover the waste.

“In the case of Olusosun, we are looking at working with industrial facilities at the back of the dumpsite, which can use the gas to power their generators,” he said.

Mr Gbadegesin said the state government was partnering with some investors to establish the waste-to-energy plants in strategic places.

“We are planning a biogas facility, we completed the feasibility study last year in partnership with the Swedish Government.

“Sweden has achieved zero waste because it takes up its sewage and organic waste and uses them to produce biomethane in large quantities.

“If they can do it, we can. We are planning to replicate the Swedish model here.

“Out of the 13,000 tonnes of waste generated daily in Lagos State, 6,500 tonnes are organic, which should not be going to landfills.

“We should be able to use the organic waste to produce compost for greenery and agriculture and also to produce biomethane,” he informed the News Agency of Nigeria (NAN) in an interview in Lagos.

Mr Gbadegesin said the feasibility study for the biogas facility was done by LAWMA in partnership with the Lagos State Metropolitan Area Transport Authority (LAMATA), adding, “It will be bringing in 2,000 compressed natural gas-powered buses. Once the biogas plant is completed, they will be using it.”

He noted that LAWMA was in partnership with a Dutch company to generate electricity through waste.

“We want to set it up at Epe. We have closed the landfill at Epe to set up the waste-to-energy plant. This will be set up in partnership with a private investor, a Dutch company, Harvest Waste.”

Mr Gbadegesin said that the Dutch company would support the setting up of the plant to the tune of 100 million euros.

According to the managing director, the plant would take about 2,500 tonnes of waste daily and produce 60 to 80 megawatts of electricity.

“From the development, we are moving to another level. It gives us hope that if we put our minds to development, we can be the best,” he said.