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Senate Asks FG to Concession Eleme-Onne Axis of East-West Road

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Eleme-Onne Axis

By Adedapo Adesanya

The Senate Committee on Trade and Investment has asked the federal government to concession the Eleme-Onne axis of the East-West Road to private investors for reconstruction and management.

This was made known by the Chairman of the Committee, Mr Francis Fadahunsi, during a visit to the Oil and Gas Free Zone in Onne, Rivers State, where they raised the issue of the deplorable road as a key transport route for the nation’s economy.

Mr Fadahunsi, who led members of the committee to tour the free zone, described Onne Free Zone as a successful initiative in a public-private sector project.

He explained that the committee was conducting the oversight visit in an effort to work with the Oil and Gas Free Zones Authority (OGFZA) and other stakeholders in the zone to generate more jobs for Nigerians.

He said, “The lone access road to the oil and gas industrial hub in the Eleme-Onne axis of Rivers State needs to be urgently saved from total disrepair, in order to prevent adverse impact on industries located in the area that could lead to a massive loss of jobs and revenue to the government.

“The Eleme-Onne Road is part of the East-West Road network and serves as the only access to the Port Harcourt Refineries at Eleme; the Onne Port Complex; the nation’s flagship Oil and Gas Free Zone at Onne; Indorama-Eleme Petrochemicals Company, which is the nation’s leading fertilizer producer and exporter; as well as the Notore Industries Limited, another fertilizer producer and promoter of the Notore Industrial City (a free zone).”

On his part, the Managing Director of OGFZA, Mr Umana Okon Umana, reiterated the need for the Federal Government to concession the Eleme-Onne section of the East-West Road.

He also presented the OGFZA progress report in infrastructure development, increase in investments and export value, as well as human capital development to the committee.

Presentations were also made by operators in the Free Zone, which include Intels Nigeria Limited and FMCEquip, makers of equipment for deep-sea oil drilling.

FMCEquip, in its presentation, reported 96 per cent compliance with local content laws and regulations and commended the management of OGFZA for being very supportive.

Another stakeholder affected by the recent uproar, Intels, briefed the committee on its billions of dollar investments in infrastructure in the free zone and community support in Rivers State, Cross River and Delta states.

Recently, Niger Delta youths blocked the Eleme axis of the East-West Road with petrol trucks and other articulated vehicles, demanding the immediate reconstruction of the deplorable sections of the road by the federal government.

Following the action, the government sprung to action and appealed to the protesting youths to suspend the protest and promised that repairs will commence.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Port Harcourt Refinery Fully Operational Despite Minor Incident—NNPC

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Port Harcourt Refinery

By Modupe Gbadeyanka

The Nigerian National Petroleum Company (NNPC) Limited has said a minor incident that occurred at the Port Harcourt Refining Company (PHRC) did not affect the operations of the oil facility.

It was reported earlier in the day that the refinery, owned by the Nigerian government but operated by the NNPC witnessed an explosion.

Recall that on Monday night, the Trans Niger Delta Pipeline operated by Shell in Rivers State exploded after some militants threatened to disrupt crude oil production in the country because of a political crisis in the state.

On Tuesday night, President Bola Tinubu declared a state of emergency on Rivers State, suspending all elected political players in Rivers State, including the Governor, Mr Siminalayi Fubara; his deputy, Mrs Ngozi Odu; and all members of the Rivers State House of Assembly.

On Wednesday, it was reported in a section of the media that the Port Harcourt was attacked but the NNPC said the facility is fully operational, assuring that there nothing to worry about.

“The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that despite a minor incident at a section of the Port Harcourt Refining Company (PHRC) earlier today, the plant remains operational and continues to produce on-spec refined petroleum products.

“NNPC Ltd assures the public that there is no cause for concern, as all sections of the recently rehabilitated plant are in full operation,” the terse state by the Chief Corporate Communications Officer of NNPC, Mr .Olufemi Soneye, stated.

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Nigeria’s Accountant-General Seeks Predecessors’ Support to Boost Treasury

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Shamseldeen Babatunde Ogunjimi

By Adedapo Adesanya

The Accountant-General of the Federation, Mr Shamseldeen Ogunjimi, has promised to collaborate and tap from the wealth of experiences of all former Accountants-General of the Federation to improve the country’s treasury.

Mr Ogunjimi disclosed this while receiving two of his predecessors, Mr John Naiyeju and Mr Ibrahim Dankwambo, in his office in Abuja.

Speaking at the event, Mr Ibrahim Dankwambo suggested upgrading the Treasury Academy, Orozo, owned by the Office of the Accountant-General of the Federation (OAGF) to a degree-awarding institution.

Also, Mr Naiyeju charged the new Accountant-General to carry everyone along and advised him to make staff welfare his priority.

In a related development, Mr Ogunjimi expressed his willingness to work with all professional organisations for a positive development to the nation, especially, his professional and academy colleagues of the doctorate class.

Mr Ogunjimi called on his classmates to come up with ideas and suggestions that would enhance the management of the nation’s treasury that will positively affect the economy development.

In his remarks, the Chairman of the Forum of Doctorate Students, Mr Ibrahim Aliyu, said they were in the Treasury House to congratulate one of their own and assured him of their support towards his successful tenure.

President Bola Tinubu appointed Mr Ogunjimi earlier this year. He was picked because of his over 30 years of extensive experience in financial management across the public and private sectors.

He was described as a career civil servant and the most senior director in the Office of the Accountant General of the Federation (OAGF),

“He has held significant positions, including Director of Funds at the OAGF and Director of Finance and Accounts at the Ministry of Foreign Affairs.

“A chartered accountant, certified fraud examiner, chartered stockbroker, and chartered security and investment specialist, Mr Ogunjimi’s academic qualifications include a Bachelor of Science (BSc) in Accountancy and a Master’s in Finance and Accounting,” a statement from the presidency added.

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Ladi Oluwaloni Takes Over as Ayobo-Ipaja LCDA Chairman

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ladi oluwaloni

By Dipo Olowookere

The Deputy Chairman of Ayobo-Ipaja Local Council Development Area (LCDA), Mr Oladipupo Oluwaloni, has taken over the affairs of the council, though in an acting capacity.

His elevation was approved by the Governor of Lagos State, Mr Babajide Sanwo-Olu, following the prolonged absence of the council chair, Mrs Bolatito Shobowale.

Business Post gathered that Mrs Shobowale has not been seen at the council for a long time, about six months.

She was not around when members of the Governor Advisory Council (GAC) of the Lagos State chapter of the All Progressives Congress (APC) visited the LCDA last year.

The team, led by a former Deputy Governor of Lagos State, Mr Femi Pedro, was welcomed by Mr Oluwaloni and other council staff.

She was also not available when the council held a graduation ceremony for some residents who underwent an empowerment training last month.

It was learned that her absence from work, based on health grounds, has made it impossible for the 2025 budget to be presented to the council’s lawmakers for approval.

To prevent the shutdown of the council, Mr Oluwaloni has been asked to take over as the chairman of Ayobo-Ipaja LCDA.

He will be expected to quickly present the budget for approval to enable the council carry out critical projects for the benefit of residents of the area.

According to reports, Mr Oluwaloni, who intends to contest for the chairmanship position of the Ayobo-Ipaja LCDA later this year, has been given the go-ahead by the party leaders to lead the council.

Already, the state government, through the Commissioner for Local Government, Chieftaincy Affairs, and Rural Development, Mr Bolaji Roberts, has issued a letter to the acting chairman to resume office with immediate effect.

“This is a great responsibility, and I am fully committed to upholding the trust placed in me. My focus will be on ensuring that governance at the grassroots remains effective, responsive, and aligned with the developmental agenda of our great state,” Mr Oluwaloni commented on his assumption of office.

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