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Shettima Promises Better Environment For Private Sector

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Kashim Shettima

By Adedapo Adesanya 

The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation.

This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital.

The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing Project, and the AEMSL Meter Factory, in Anambra State.

“This gathering is a reminder that the private sector forms the other half of the government’s crucial foundation. Whatever innovation we design, whatever ideas we explore, whatever interests we pursue, we cannot achieve our objectives if those for whom they are targeted are not carried along or in tune with our agenda,” he said in a statement.

“I am utterly proud to be here today, honoured and excited to witness the commissioning of these landmark projects. I am convinced that each of us understands the urgency of our collective actions”.

Mr Shettima commended Anambra State for its private sector-driven development, even as he pledged the federal government’s support in addressing the state’s ecological challenges.

Noting that Anambra State has emerged as a critical pillar in Nigeria’s economic future, VP Shettima also praised Governor Charles Soludo for his understanding of the importance of a thriving private sector.

He added that Mr Soludo has demonstrated a “vast understanding of our economic dynamics, not just refined in academic chambers but forged in the crucible of real-world challenges.”

Mr Shettima also commended the Chairman of Chrome Group and Founder of Sir Emeka Offor Foundation (SEOF), Dr Emeka Offor, for his contributions to the development of Anambra State.

Acknowledging his “innovation, determination, and audacious vision,” the VP said Dr Offor’s investments in Anambra State have helped to create jobs, improve infrastructure, and provide essential services to the people of the state.

“Dr Emeka Offor is a shining example of what can be achieved when the private sector and the government work together. He is a true patriot who is committed to making Nigeria a better place,” he noted.

Shedding more light on the crucial role the private sector plays in nation-building, the Vice President said the hope the Tinubu administration has promised to renew can only be realised in an environment that makes it easier to translate the ideas of pace-setting individuals like Dr. Emeka Offor into action.

Mr Shettima continued: “The profound partnership between the federal government and each state remains an indispensable cornerstone.

“I assure you that commitment knows no bounds when fostering an environment ripe for entrepreneurial growth and innovation. For it is in the nurturing embrace of this collaborative effort that the delicate balance between public and private sectors resonates, defining the trajectory of successful nations.”

The Vice President also had an aerial view of some gully erosion sites in the state and was briefed on the state government’s efforts to address the problem which has caused widespread damage to infrastructure and farmlands in Anambra State.

Mr Shettima pledged the federal government’s support to the state government’s efforts to address the problem of erosion. He said that the federal government will provide financial and technical assistance to the state to implement solutions to this problem.

The VP restated the federal government’s continued support for Anambra State’s economic development, saying the government will work with the state to address challenges such as gully erosion and improve road infrastructure.

“Anambra State is crucial to the economy of this country, and we are going to ensure interventions in this state, from economic support to infrastructure development, are geared towards sustaining its place as an industrial and economic powerhouse.

“We are aware of the daunting challenge of gully erosion with which the state grapples, a consequence of its loose ferallitic soil. We are aware of the communities that this menacing force has encroached upon. We are aware of the lives and livelihoods it has devastated and threatened.

“We are also going to make our interventions in boosting our road infrastructure projects stand as tangible testaments to our commitment to connect the South-East with other sub-regions of our beloved country.

“These initiatives aim not only to bridge geographical distances but also to knit together the diversity of our nation, fostering prosperity the people deserve.”

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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Nigeria Adopts New Security Framework to Safeguard Oil Assets

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oil assets

By Adedapo Adesanya

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Ministry of Defence have agreed to deepen collaboration on the protection of critical oil and gas infrastructure through a new non-kinetic security framework designed to curb threats, strengthen community relations and sustain rising output.

The initiative comes as Nigeria recorded crude oil production of nearly 1.8 million barrels per day, one of the highest production levels in recent years, amid intensified efforts to combat crude oil theft, pipeline vandalism and other security challenges across the Niger Delta.

Speaking during a courtesy visit by a delegation from the Ministry of Defence to the Commission’s headquarters in Abuja, the chief executive of NUPRC, Mrs Oritsemeyiwa Eyesan, said the country’s recent production gains were directly linked to coordinated interventions involving security agencies and industry stakeholders.

“Today, we are benefiting from those efforts. Last month, we recorded production of nearly 1.8 million barrels per day throughout the month,” Mrs Eyesan said.

She noted that sustained investments in security operations, technology deployment and human capacity development had significantly improved production stability and operational efficiency in the upstream petroleum sector.

According to her, maintaining and expanding the gains has become critical as Nigeria seeks to increase crude oil output, attract fresh investments and maximise revenue generation from the petroleum industry.

“As we look to the future, we desire to grow production and must have assurances that security threats can be effectively managed. We can only achieve this through stronger collaboration with security agencies and industry stakeholders,” she stated.

Mrs Eyesan stressed that safeguarding oil and gas assets remains central to Nigeria’s energy security strategy and economic growth objectives, noting that production assurance has become a key requirement for investors considering new upstream projects.

She disclosed that the Commission was exploring wider deployment of advanced technologies, including drone surveillance systems, to improve monitoring of the country’s vast oil and gas infrastructure network and detect threats before they escalate into operational disruptions.

The NUPRC boss further revealed that the Commission would work closely with operators to refine and implement a new security framework, while providing leadership in stakeholder engagement and governance structures needed to ensure long-term sustainability.

The Minister of Defence, Mr Christopher Gwabin Musa, said the Ministry was introducing a non-kinetic security intervention model aimed at addressing the underlying causes of insecurity in oil-producing communities.

Rather than relying solely on military operations, he explained that the strategy would focus on community engagement, youth empowerment and social inclusion programmes to build lasting peace around critical energy infrastructure.

“One of the best ways to engage youths in oil-producing areas is through sports-based interventions,” Mr Musa stated.

He explained that the initiative would utilise sports development programmes to channel youthful energy into productive activities, reduce vulnerability to criminal networks and strengthen community ownership of critical national assets.

The Defence Minister, who was represented by one of his aides, added that the intervention would also include structured programmes for persons living with disabilities, creating broader opportunities for participation and economic inclusion in host communities.

According to him, the initiative aligns with the Host Community Development provisions of the Petroleum Industry Act (PIA) and is expected to strengthen relationships between operators and host communities while promoting sustainable development.

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PTML Unveils $50m Expansion Plan for Tin Can Island Port

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PTML

By Adedapo Adesanya

Port and Terminal Multiservices Limited (PTML) has disclosed the investment of $50 million to expand its terminal at Tin Can Island Port, Lagos, as part of efforts to strengthen Nigeria’s bid to become the leading maritime hub in West and Central Africa.

PTML Managing Director, Mr Ascanio Russo, made the disclosure on Wednesday during a visit to the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, in Abuja.

The investment by PTML, a member of the Grimaldi Group, will expand berthing capacity and acquire additional modern port equipment.

“The Grimaldi Group remains deeply committed to Nigeria and believes in the country’s potential as the leading maritime and logistics gateway in West and Central Africa,” Mr Russo said.

“This $50 million investment is designed to expand our berthing capacity and deploy modern equipment that will enhance operational efficiency, cargo handling, and service delivery.”

He said the upgraded berths would enable PTML to receive next-generation Container/Roll-on Roll-off, Con-Ro, vessels, including the largest Con-Ro ships currently operating globally, directly at the Lagos terminal.

“The maritime industry is evolving rapidly, with larger vessels becoming the standard for international trade. Through this expansion, PTML will be fully equipped to accommodate these next-generation Con-Ro vessels and keep Nigeria competitive for global shipping lines,” Mr Russo stated.

He added that the project responds directly to the Federal Government’s call for increased private-sector participation in port modernisation.

Mr Russo said the expansion would facilitate trade, increase cargo throughput, create jobs during construction and operations, and boost government revenue through higher port activity.

On his part, Mr Oyetola welcomed the investment as a vote of confidence in the Federal Government’s maritime reforms.

“This investment shows our reforms are yielding results and that international investors recognise the opportunities in Nigeria’s maritime sector,” the minister said. “We are determined to transform our ports into modern, efficient, and globally competitive gateways that support economic growth and position Nigeria as the maritime hub of West and Central Africa.”

Mr Oyetola said the government was implementing measures to improve port efficiency, reduce bottlenecks, upgrade infrastructure, and strengthen the ease of doing business.

He said these include port modernisation, deeper collaboration with private operators, digitalisation of port processes, and policies to attract more maritime trade.

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Lagos Police Investigates Ammunition Package Delivery to First Bank MD

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Oluwasegun Alebiosu First Bank MD

By Adedapo Adesanya

The Lagos State Police Command is investigating the delivery of a parcel containing live ammunition delivered to the managing director of First Bank Nigeria, Mr Oluwasegun Alebiosu.

The Commissioner of Police, Lagos State command, Mr Tijani Fatai, confirmed the incident on Tuesday during a press briefing at the command headquarters.

He said Mr Alebiosu reported the case on May 7, noting that two rounds of 7.62mm live ammunition were sent to him through a parcel.

“The managing director reported the matter to the police after a package containing two rounds of 7.62mm live ammunition was delivered on his behalf by his security guard at his residence. The case is still under investigation, and we are treating it with the seriousness it deserves,” he said.

According to him, the parcel was first received by the bank chief’s security guard, who then handed it over to him.

The police commissioner said that operatives have launched an investigation, including forensic analysis and intelligence work, to identify the perpetrators and the circumstances of the incident.

He added that no suspect linked to the crime has been brought into custody.

“Presently, no suspect is in custody. Even though the MD has mentioned some people whom he suspected of being the brains behind it, that is his suspicion, anyway. We are still working on it,” he said.

Mr Fatai noted that detectives are reviewing information provided by the complainant, including details of individuals who may have relevant knowledge of the incident.

He assured the public that the command would keep them informed as the investigations go on, adding that the public should allow the police to carry out their duties.

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