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Rivers: NSE holds two-day conference on Nigerian Content Act

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…Says over $8bn business are up for grabs in Oil & Gas industry

Barth Ndubuwah, Port Harcourt

The Nigerian Society of Engineers (NSE) has opened a 2-day conference on Nigerian Content Act, in Port Harcourt, stressing that over $8billion business opportunities still exists in the Oil & Gas industry in Nigeria and are opened for grabs by the local companies in the Country.

This was stated Wednesday by the Chairman/CEO of Oilserv Nigerian Limited, Engr Emeka Okwuosa while delivering his keynote address at the event.

Represented by Engr Richie Nwobike, he stressed that over $8billion business opportunities exist in the Oil & Gas industry in Nigeria, courtesy of the Nigerian Content Act.

This, he said, are up for grabs, but dependent on the ability of the Nigerian companies to put their heads together and dig deep into the existing business opportunities.

The Keynote Speaker said his company, Oilserv is a testimony to the fact that the local companies in the Oil & Gas industry can make headway, taking advantage of the Nigerian Content Act.

He said prior to the passage of the Act, his company like every other firm in the Oil & Gas industry was struggling to survive, but noted that today the story is different.

According to Engr Okwuosa, Oilserv has successfully executed some mega projects in the Oil & Gas industry, hitherto preserved for the OICs, pointing out that the sky is the limit for other Nigerian companies that are ready to work hard.

He expressed happiness that over 95 per cent of the companies operating in the Oil & Gas industry today are indigenous companies and they are doing very well.

He said over 50,000 jobs have been generated by the local companies, thereby creating wealth for the economic growth of the country.

He however lamented that insecurity,  funding, community relations and inflation rate in the Country have actually affected the performance of the local companies in the subsector.

Okwuosa said with good coordination and cooperation among industry players, such challenges can be surmounted.

Also speaking, the Chairman of the occasion and President of NSE, Engr Tasiu Saad Gidari-Wudil represented by his Vice, Engr (Mrs) Rose Madaki said that the Nigerian Content Act provides key elements for the Nigerian Oil & Gas industry to engender development in the subsector and Country at large.

He congratulated the Port Harcourt Branch of the NSE for putting the conference together, noting that the programme was meant to evaluate the Nigerian Content Act as regards  the benefits of the indigenous companies.

X-raying the issues surrounding the Nigerian Content Act, were a 5-man panelists, comprising Dr Uche Maraizu, MD Palm Nectar Breweries Limited, Engr (Prof) Obi Onyekonwu, MD Laser Engineering and Engr Richie Nwobike.

Others were Engr Barry Esimone, FNSE and Engr Chibuzor Chibuoke who critically observed the ‘highs’ and ‘lows’ of the Nigerian Content Act, urging the Nigerian Content Monitoring Development Board (NCMDB) to up their game by protecting Nigerian companies in the Oil & Gas subsector to enable them have fair share of the existing opportunities in the industry.

In her goodwill message, Engr (Hon) Victoria Nyeche said  people  doubting the values of indigenous companies are afraid that their standards most times fail.

Engr Nyeche, former lawmaker at the Rivers State House of Assembly said she looks forward to a time when Nigerian values will be of uttermost standard.

She posited that the conference should not end as a talkshow, but should instead be used to harness the accruing benefits of the Nigerian Content Act to local companies in the country.

Earlier in his welcome address, the Port Harcourt Branch Chairman of the Nigerian Society of Engineers, Engr (Dr) Hachimenum Amadi had welcomed  the participants to the two-day conference, expressing confidence that the resource persons will do justice to their assigned subject matters.

He charged the participants to make maximum use of the opportunity offered by the event.

Highlight of the event was the declaration of the exhibition mounted by Nigerian companies opened by the Special Guest of Honour and CEO GGI International Nig. Limited, Engr (Sir) Innocent Akuvue.

 

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Minister tasks NDC participants on principles of cooperation, diversity

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The Minister of Foreign Affairs, Amb. Yusuf Tuggar, has challenged the participants of the National Defence College (NDC) Course 32, to reaffirm commitment to upholding the principles of cooperation, tolerance and respect for diversity.

Tuggar, who was represented by Amb. Tiwatope Elias-Fatile, made the call at the NDC International Day organised for allied participants of Course 32, on Saturday in Abuja.

He said the event was organised by the college to foster the existing cordial relationship between Nigeria and the countries of all international participants on the course through showcasing of different cultural heritage

”I also understand that variety of foods from different countries will be served at this event,” he said.

The minister commended the college for the increase in the number of foreign participants

He said that NDC environment had become a diplomatic hub of a sort and not only an academic institution and I think this is highly commendable.

According to him, NDC has provided a platform for them to come together, share their heritage and strengthen the bonds as they appreciate the artifacts, cuisine, traditional dresses and music on display.

“Today, as we celebrate International Day for international participants, let us reaffirm our commitment to upholding the principles of cooperation, tolerance and respect for diversity.

“Let us embrace the notion that our differences are a source of strength, not division, and that by working together, we can overcome even the most formidable of challenges.

“Let us recognise that cultural diversity is a strength, not a weakness.

“For us in Nigeria, we have success stories of how our different cultures have brought us together and make us very strong in a world where division and conflicts often dominate the headlines,” he said.

According to him, this event reminds us that our shared humanity is greater than our differences.

“Let us continue to build bridges of understanding, foster dialogue and promote peace.

”We should strive to create a world where diversity is cherished and inclusivity is the norm,” he said.

Tuggar challenged participants from the 19 countries to continue to be ambassadors and representatives of their nations

He added that their stories, traditions and customs were the bridges that connect them with each other.

In his address of welcome, the Commandant of the College, Rear Adm. Olumuyiwa Olotu, said the International Cultural Fiesta was a routine part of the NDC’s academic programme.

Olotu said said the event culminated the Country Briefs by the international participants where the history and culture of their peoples were highlighted, showing similarities with Nigeria.

He said the briefs by the international participants also highlighted government policies on the economy, security and development in heir respective countries.

According to him, the participants display the culture, artefacts, maps and culinary specialities of their countries during this event.

“This tradition is to foster and deepen the existing cordial relationship between Nigeria and all the countries here represented by our dear international participants.

“This is in addition to the need to strengthen the bond, friendship and comradeship amongst participants.

“In a nutshell, it is a pleasant event that brings joy to the entire college community and today we have participants of NDC Course 32 to do us the honours.

“It is also a family gathering and an avenue for us to take a break from academic work and unwind in a relaxed atmosphere,” he said.

The Commandant said the 2024 edition had participants from 19 countries and Nigeria which  include; the Republic of Benin, Botswana, Brazil, Chad, Congo, Cote d’ Ivoire the Gambia, Germany and Ghana.

Others according to him, are; India Liberia, Mali, Nepal, Senegal, Sierra Leone, South Africa, Tanzania, Zambia as well as Zimbabwe.

The Representative of the Diplomatic Corps, Mr Tunde Spencer, from Liberia, said the college had contributed immensely to various aspects of Liberia’s national development.

He commended NDC for the initiative to promote cultural diversity, foster understanding and cultural exchange  among the participants.

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NYSC Trust Fund Bill will create job opportunities for graduates – Senate

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The Chairman, Senate Committee on Youth and Community Engagement, Sen. Yemi Adaramodu, (APC Ekiti South), said that the recently passed National Youths Service Corps (NYSC) Trust Fund Bill would provide jobs for graduates.

Adaramodu disclosed this when he led a delegation of the committee on official visit to Oyo State NYSC Orientation Camp at Iseyin on Saturday.

He said that the bill would soon be sent to the President for assent and had scaled through both first, second reading and other crucibles of legislation.

The lawmaker said that the provision of the Bill was basically to ensure that corps members get established through the training they had acquired through NYSC Skill Acquisition and Entrepreneurship Development (SAED) programme.

He added that the provision of the Bill also cater for corps members who might wish to go into business after their service year.

“The issue of unemployment and what next for corps members after the service year will be a thing of the past soon.

“The bill will ensure that the dreams of every Nigeria graduate become a reality, “he said.

Adaramodu disclosed that the Senate, in collaboration with relevant government departments, agencies and other stakeholders, would soon work on the upward review of corps members’ allowances across the country.

He said that the Senate, in its legislative agenda, would also consider other youth development programmes aside from those embedded in the NYSC trust fund Bill.

Also speaking, the Oyo State NYSC Coordinator, Mr Abel Odoba, said that NYSC SAED training aimed to empower corps members to consider the possibilities of self-employment or initiating their own businesses.

Odoba noted that the NYSC trust fund Bill would practically eradicate unemployment among graduate youths in Nigeria.

He said that statistics have shown that many corps members who actively engaged in SAED programmes have become employers of labour after their service year.

“The Bill will provide soft landing for corps members who have undergone SAED in securing startup funds.

“Through the trust fund, skilled corps members will be given startup grants so that they will become employers of labour and contribute to development of the nation.

“Country like China and other fast developing nations are exploring skills development to address unemployment.

“A time is coming that certificate will no longer be useful but skills acquired will always make way at all times, “he said.

The News Agency Nigeria(NAN) reports that members of the Senate delegation include Sen. Salisu Afolabi (APC Ogun Central), Sen. Aminu Abbas(PDP Adamawa Central), the clerk – Mrs Ijeoma Chikwem and other principal officers of senate youth development committee.

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Power: Amukpe substation to experience power outage for 2 weeks – TCN

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The Transmission Company of Nigeria (TCN), on Saturday in Benin said that there would be power outage in its Amukpe substation for two weeks.

This is according to a statement signed by the General Manager, Public Affairs TCN Ndidi Mbah.

Mbah said the disruption would begin on May 4 and last till May 17.

The outage according to TCN, is to enable contractors have safe environment to erect two 132KV transmission towers at the substation.

The company also said d that as a result of the intending power outage, there would be no bulk power supply to Benin DisCo through the Adeje industrial, woodland, Mosogar, Sapele and Abraka feeders for the period.

“The transmission Company of Nigeria (TCN) hereby states that it will commence the erection of two (2) number 132kV transmission towers at its Amukpe Transmission Substation.

” And will equally restring a portion of the Benin-Delta and Delta-Oghara 132kV double circuit transmission lines from Saturday, May 4 to May 17, 2024.

“Consequently, Amukpe Substation will be out of power for the duration of the work.

“Also, there will be no bulk power supply to Benin DisCo through the following feeders: the Adeje, industrial  Woodland, Mosogar, Sapele and Abraka feeders.

“The outage is necessary to create a safe working environment for the contractor. Completion of the projects will put in place N-1 redundancy that would enable TCN supply bulk electricity to the substation from either the Benin or Ughelli transmission line.

“This means that when one transmission line is faulty, bulk electricity can still be received in the substation from the second line., ” Mbah said.

According to her, TCN apologises for the inconvenience electricity consumers in the substation will experience within the period.

She said that the projects would help ensure a more flexible and consistent bulk power supply through the Amukpe transmission substation when completed

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