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Ghana, Nigeria to invest in non-oil sector- Envoy

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Ghana, Nigeria to invest in non-oil sector- Envoy

Ghana, Nigeria to invest in non-oil sector- Envoy

By: Michael Mike

The Ghana High Commissioner to Nigeria, Ambassador Rashid Bawa on Thursday revealed plans by his country and Nigeria to partner in area of non-oil sector.

The Envoy stated this at the 2022 Ghana Nigeria Business Council CEO Forum in Abuja.

Bawa said the latest partnership between the two countries would extend to the agricultural sector such as cassava and ginger production.

He said: “This is the first Ghana Business Council Meeting. We are looking at various areas of cooperation. There have been series of meetings in the last few days. We are looking at the non-oil sector; in the area of cassava and ginger production.” 

 Bawa, while noting that the relationship between Nigeria and Ghana have been for ages, said: “It is difficult to put a finger on the number of Nigerians visiting Ghana for various reasons daily, and vice versa.”

He added that: “However, according to a report published by the US Department of Economic and Social Studies in 2019, there were more Ghanian residents in Nigeria than any other country in the world with 233,002 persons. This was followed by Ghanians living in UK and the US.”

The forum, which is historic according to him, is the first of its kind since the outbreak of the COVID-19 pandemic and the establishment of the African Continental Free Trade Area, AfCFTA.

He said: “The forum aims to encourage the private sector operatives of our two countries to pull resources together to be competitive when trading under AfCFTA,” insisting that: “We have the framework of ECOWAS protocol in the last fourty years to promote this kind of activities,” and then with the coming up of AfCFTA, “Ghana-Nigeria have the biggest economies in West Africa region, it is high time we formalize these engagements in order to take full advantage of the potentials between both countries.”

He said with this forum, there should be many more to come, for “we don’t want it to be a one-time forum. We want to sustain it. As we speak, the Nigeria Investment Promotion Council and Ghana Investment Promotion Council are working out arrangement in ways they will have annual meetings among themselves. 

“There will be coordination between Nigeria and Ghana businessmen. We believe that pretty soon, we are going to have certain collaboration that will be beneficial to both countries.”

Meanwhile, Ghanians CEOs have been urged to create platforms for Nigerians to connect with investments opportunities that can generate growth for economies of both Ghana and Nigeria and create a win-win situation for both countries.

The President, Abuja Chambers of Commerce and Industry, ACCI, Dr. Al-Mujtaba Abubakar in his opening remark at the 2022 Ghana Nigeria Business Council CEO Forum in Abuja urged Ghana to take advantage of the population of Nigeria as it presents a large consumer market for investors and traders.

He said: “In 2009, Nigeria net trade with Ghana in the export of metal was $2.1 billion, transportation $1.59 billion, mineral product $232 million. 

“In 2019, Ghana had a trade net with Nigeria in the export of footwear and headwear worth almost $105 million, foodstuffs worth $25million and chemical products worth over $11million dollars.

Abubakar who was represented by Dr. Aliyu Idi Hong, a former minister of state for health and later foreign affairs, who is the Vice President Communication, Strategy and External Relations of the ACCI, said the forum underscores the importance of the partnership between the countries over the years, urging that the forum should not just be a one off thing. 

Also Read: Report says 13.9% of teachers in Borno without any formal…

Abubakar commended the effort of ECOWAS and the governments of Nigeria and Ghana towards the quick intervention in resolving the crisis between the Nigerian and Ghanians traders in Ghana.

He said: “I think the intervention will go a long way in making sure that the relationship between the two countries and the vision of the ECOWAS to be quickly integrated.

“So it is highly commendable that the government of these countries have taken initiative towards solving this crisis.”

He however lamented that the forum was coming a little late for if had existed the crisis between Nigerian and Ghanaian businessmen would not have festered. He admitted though that it was rather late than never.

Ghana, Nigeria to invest in non-oil sector- Envo

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President Tinubu reconstitute NNPC Board, remove Kyari Mele

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President Tinubu reconstitute NNPC Board, remove Kyari Mele

By: Our Reporter

President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari.

In a statement signed by Bayo Onanuga,
Special Adviser to the President (Information & Strategy), President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.

The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.

Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.

Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.

President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.

Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.

All the appointments are effective today, April 2.

President Tinubu, invoking the powers granted under Section 59, subsection 2 of the Petroleum Industry Act, 2021, emphasised that the board’s restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialisation and diversification.

President Tinubu also handed out an immediate action plan to the new board: to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives.

Since 2023, the Tinubu administration has implemented oil sector reforms to attract investment. Last year, NNPC reported $17 billion in new investments within the sector. The administration now envisions increasing the investment to $30 billion by 2027 and $60 billion by 2030.

The Tinubu administration targets raising oil production to two million barrels daily by 2027 and three million daily by 2030. Concurrently, the government wants gas production jacked to 8 billion cubic feet daily by 2027 and 10 billion cubic feet by 2030.

Furthermore, President Tinubu expects the new board to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.

The new board chairman, Ahmadu Musa Kida, is from Borno State. He is an alumnus of Ahmadu Bello University, Zaria, where he received a degree in civil engineering in 1984. He also obtained a postgraduate diploma in petroleum engineering from the Institut Francaise du Petrol (IFP) in Paris

He started his career in the oil industry at Elf Petroleum Nigeria and later joined Total Exploration and Production as a trainee engineer in 1985.

Musa became Total Nigeria’s Deputy Managing Director of Deep Water Services in 2015. Last year, he became an Independent Non-Executive Director at Pan Ocean-Newcross Group.

Apart from his oil industry career, Ahmadu Musa Kida is a former basketballer and the president of the Nigerian Basketball Federation(NBBF) board.

Ojulari, the new NNPC Limited Group CEO, hails from Kwara State. Until his new appointment, He was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. His Renaissance recently led a consortium of indigenous energy firms in the landmark acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria (SPDC), worth $2.4 billion.

Like Kida, Ojulari is also an alumnus of Ahmadu Bello University, Zaria. He graduated with a degree in Mechanical Engineering. He worked for Elf Aquitaine as the first Nigerian process engineer to begin a stellar career in the oil sector. From Elf, he joined Shell Petroleum Development Company of Nigeria Ltd in 1991 as an associate production technologist.

Apart from working in Nigeria, he worked in Europe and the Middle East in different capacities as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he became the managing director of Shell Nigeria Exploration and Production Company (SNEPCO).

During his career, he was chairman and member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.

President Tinubu thanked the old board members for their dedicated service to NNPC Limited, particularly their efforts in rehabilitating the old Port Harcourt and Warri refineries, which enabled them to resume petroleum product production after prolonged shutdowns. He wished them well in their future endeavours.

President Tinubu reconstitute NNPC Board, remove Kyari Mele

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Uromi Killing: NHRC Demands Protection for All Nigerians

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Uromi Killing: NHRC Demands Protection for All Nigerians

The National Human Rights Commission (NHRC) has condemned the recent gruesome killing of 16 traveling hunters in Edo State, who were mistook for kidnappers.

The Executive Secretary of the Commission Dr. Tony Ojukwu expressed deep concern over the horrific incident, which highlights the dangers of mob justice and the urgent need for effective law enforcement and respect for human rights.

He said: “We commend Edo State Governor, Monday Okpebholo, for his swift and decisive action in suspending the Commander of the Edo State Security Corps, CP Friday Ibadin (Rtd.), and banning all illegal vigilante groups operating in the state, but more need to be done.”

Ojukwu said the Commission wishes to use this opportunity to remind the government and the people of Nigeria that every individual has the right to life, as enshrined in Chapter 4 of the 1999 Constitution as amended as well as Article 4 of the African Charter on Human and Peoples’ Rights and Article 6 of the International Covenant on Civil and Political Rights.

He equally said the Commission emphasized that the freedom of movement, as guaranteed by the Constitution and Article 12 of the African Charter on Human and Peoples’ Rights and Article 12 of the International Covenant on Civil and Political Rights, has been grossly violated in this dastardly incident.

Ojukwu said: “We at the Commission demand that all the perpetrators be fished out and brought to justice. We call on the government to take concrete steps to prevent such incidents in the future, there is no justification for jungle justice anywhere in the world.”

He emphasized that every Nigerian has the right to life, dignity, and freedom from violence, regardless of their ethnicity, religion, or occupation, assuring that the Commission will continue to advocate for the protection of human rights and the rule of law in Nigeria.

Ojukwu said: “We urge the Edo State Government to continue its investigation into the killings and ensure that all perpetrators face the full wrath of the law. On our part, we will continue to monitor the process of investigation to ensure that justice is served. This will serve as a deterrent to others.

“Promotion and protection of human rights is paramount to national development, let’s all imbibe the culture of respect for human rights and fundamental freedom to make Nigeria a better place.”

Uromi Killing: NHRC Demands Protection for All Nigerians

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Irate Youths Attempt to Burn NSCDC Office in Taraba After Alleged Torture of Victim to Death

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Irate Youths Attempt to Burn NSCDC Office in Taraba After Alleged Torture of Victim to Death

Irate Youths Attempt to Burn NSCDC Office in Taraba After Alleged Torture of Victim to Death

By: Zagazola Makama

Angry youths in Iware, Ardo-Kola Local Government Area of Taraba State, attempted to burn down the office of the Nigeria Security and Civil Defence Corps (NSCDC) following the alleged torture and death of a suspect in custody.

Intelligence sources told Zagazola Makaka that the unrest began after Yunusa Kaka, 42, was reportedly tortured by security personnel at the NSCDC office in Iware.

Trouble started on March 30 at about 9:00 p.m. when Biliaminu Adamu, 24, was arrested for allegedly stealing two handsets and two packets of Benson cigarettes from Peter Majo of Iware Ward. While in custody, Adamu claimed he had given the stolen phones to Kaka, who denied any involvement.

Security personnel allegedly resorted to torturing Kaka in an attempt to extract a confession. He later became unresponsive and was rushed to Miyetti Allah Hospital in Iware by his brother, where he was confirmed dead.

News of Kaka’s death sparked outrage, with a large number of youths mobilizing to attack the NSCDC office.

However, security personnel managed to prevent the attack, and calm has since been restored to the area.

Authorities say investigations into the incident are ongoing.

Irate Youths Attempt to Burn NSCDC Office in Taraba After Alleged Torture of Victim to Death

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