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FG seeks private sector intervention in developing road infrastructure

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The Federal Government and Ogun state Governor, Prince Dapo Abiodun have sought the partnership of the private sector in developing road infrastructures within the country.

The Minister of Works, Sen. David Umahi made this known on behalf of the Federal Government when he met behind closed doors with prominent members of Nigeria’s business community to deliberate on new strategies for engaging the private sector in providing financing for the nation’s road infrastructure.

The meeting, which was part of a series of consultations over the involvement of the private sector in infrastructural development, was held at the headquarters of the Works Ministry on Wednesday.

The Special Adviser (Media) to the Minister, Hon. Orji Uchenna Orji in a statement said, “In keeping with the road infrastructure initiatives of the Renewed Hope administration of the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, the Minister of Works, Sen. David Umahi, has been engaging with concessionaires and other private sector organisations on the need for private sector investment in our road infrastructure as done in advanced economies around the world.

“This informed the closed-door meeting of the Hon. Minister of Works had with the Governor of Taraba State, His Excellency, Dr. Agbu Kefas, the founder and CEO of Dangote Group Conglomerate, Alhaji Aliko Dangote, and the founder and chairman of Heirs Holdings, Chief Tony Elumelu, on January 24, 2024, at the Federal Ministry of Works.

“It would be recalled that the Hon. Minister of Works, in his zeal to change the ugly narrative of road infrastructure in Nigeria, had set up three committees to work on the contracts executed by some concessionaires with the Federal Ministry of Works to review the scope and cost implications of the projects they undertook to execute under the Highway Development and Management Initiative( HDMI).

“This private sector initiative will fastrack the road infrastructure revolution and bring order, accountability, and profitable entrepreneurship to the operations, management, and maintenance of Federal Highways.

“The Governor of Taraba, who retired as a military professional, was a one-time chairman Governing Board of Directors of the Nigerian Maritime Administration and Safety Agency (NIMASA) before he became governor.

“The founder and CEO of Dangote Group is one of Africa’s foremost captains of industry who has made ambitious investments in the development of infrastructure in Nigeria, just like his counterpart and Chairman of Heirs Holdings, who is also one of Africa’s leading investors who has shown manifest commitment in the transformation of Nigeria’s infrastructure through long-term investment in strategic sectors of Nigeria’s economy, including financial services and infrastructure development.

“It is hoped that investors, local and international, will take advantage of the willpower of President Asiwaju Bola Ahmed Tinubu’s Renewed Hope administration and the private sector experience and professional capacities of the Hon. Minister of Works to invest in the over 35,000 km of the national road network being managed by the Federal Government of Nigeria, as this network carries more than 70 percent of the vehicular traffic, making it a critical infrastructure for the movement of goods and services across the nation.

“This initiative will trigger economic development, job creation, local content development, and wealth creation for the Nigerian population. Mr President means business with his efforts to prosper our country and make it the pride of the African continent. Your support is critical,” he said.

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Shettima departs for 2024 US-Africa Business Summit in Dallas

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Vice-President Kashim Shettima is expected to depart Abuja for Dallas, United States of America, to represent President Bola Tinubu at the 2024 US-Africa Business Summit.

The summit is organised by the Corporate Council on Africa.

Mr Stanley Nkwocha, the Senior Special Assistant to the President on Media and Communications, Office of The Vice-President, said this in a statement on Sunday in Abuja.

Nkwocha said Shettima would join other political and business leaders across Africa, the USA and beyond for the summit.

According to him, the summit will feature high-level dialogues, networking business sessions and the plenary, all scheduled for the Kay Bailey Hutchison Convention Center in Dallas, Texas.

He said that the African leaders expected at the summit include, the President, Republic of Liberia; Joseph Boakai, President, Republic of Malawi; Lazarus Chakwera and the President, Republic of Angola, Joao Lourenço.

Nkwocha said other African leaders that would grace the summit are the President, Republic of Botswana, Mokgweetsi E. K. Masisi, President, Republic of Cabo Verde, José Maria Neves, and the Deputy Prime Minister, Kingdom of Lesotho, Nthomeng Majara.

He said besides the summit’s plenary, Shettima would speak at the Roundtable on African Infrastructure Investment with a focus on impact and returns.

” He (Shettima) is also scheduled to speak on a high-level panel on agribusiness, focusing on transiting “from food insecurity to thriving agribusinesses.

” Additionally, the Vice-President will speak at a plenary session on Navigating Africa’s Energy Future as well as chair a session dedicated to promoting the ‘invest in Nigeria’ initiative.

” He is also expected to attend other meetings and engagements on the sideline of the summit.”

Nkwocha said that Vice-President Shettima is expected back in the country at the end of his engagements in the US.

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Israeli to close Al Jazeera’s operations in the country – PM Netanyahu

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Prime Minister Benjamin Netanyahu said his Cabinet has unanimously voted to close broadcaster Al Jazeera’s operations in Israel.

The move came after Israeli lawmakers recently approved a new media law widely referred to as the “Al Jazeera law” that gives the government powers to ban foreign broadcasters if they are deemed a risk to state security.

Netanyahu announced the Cabinet decision in a post on X, formerly Twitter, in which he called Al Jazeera “the hate channel.”

Israeli Communications Minister Shlomo Karhi said on Sunday that he had signed the closure order and that it would be implemented immediately.

According to Israeli reports, this means that offices in Israel could be closed, broadcasting equipment confiscated, the station removed from cable and satellite television channels and its website blocked.

The Israeli government had accused Al Jazeera, which is based in the Gulf emirate of Qatar and has a wide reach in the Arab world, of biased reporting on the ongoing war against Hamas militants in the Gaza Strip.

Al Jazeera has reported extensively on the catastrophic situation in the Palestinian territory and shown images of death and destruction that are rarely seen on Israeli television stations.

The channel also regularly shows videos of attacks on Israeli soldiers by Hamas’ military arm, the Qassam Brigades.

The channel has rejected allegations of bias and, in the past, accused Netanyahu of spreading “new lies and inflammatory slanders” against the network.

Al Jazeera has also accused the Israeli military of deliberately targeting journalists on several occasions.

Netanyahu has accused Al Jazeera of “damaging Israel’s security, actively participating in the massacre on October 7 and inciting against Israeli soldiers.”

Al-Jazeera was founded in 1996 and is headquartered in Doha. It was one of the first Arab TV stations to publish critical reports on the region and quickly gained popularity.

The Israeli government’s efforts to ban Al Jazeera have drawn criticism from some of the country’s most prominent allies, including the United States and Germany.

The U.S. State Department expressed irritation of the decision and reiterated support for the free press all over the world.

A German Foreign Office spokesman also criticised the so-called Al Jazeera law last month: “A free and diverse press landscape is the cornerstone of a liberal democracy.”

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OTC 2024: PETAN leads stakeholders on sustainable energy solutions for Africa’s future

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The Petroleum Technology Association of Nigeria (PETAN) has led delegates to the 2024 Offshore Technology Conference (OTC) in Houston, Texas U.S. to discuss sustainable energy solutions for Africa’s future.

Mr Kevin Nwanze, Executive Secretary, PETAN, disclosed this in a statement on Sunday in Lagos.

Nwanze said that PETAN’s Nigerian pavilion at OTC 2024 would be hosted under the theme, “Sustainable Energy Solutions for Africa’s Future”.

He said that the conference would have more than 200 hours of multidisciplinary discussions and networking events, including a wide range of topics, suited for every participant.

PETAN scribe, however, called for stakeholders’ participation at the 2024 OTC, holding between May 6 and May 9 at the NRG Park, Houston, Texas, US.

According to him, PETAN has been responsible for hosting stakeholders at the OTC for many years.

“The association is calling on government agencies, stakeholders, oil and gas companies, and Nigerian investors to participate at the Nigerian pavilion at the prestigious event in Houston, U.S.

“Participation in the Nigerian pavilion shall deliver a unique opportunity for exhibitors and delegates to interact with global professionals

“As they share their insights on technological advances, energy transition, safety, environmentally focused solutions, and economic and regulatory impacts of the offshore energy sector,” he aded.

Nwanze said: “It allows organisations to engage with world leaders, CEOs, and government officials from around the world, with the chance to create and develop business relationships.

“And also tap into emerging regions vital to offshore development and obtaining recognition necessary for growth and visibility to thousands across the globe.

“Showcase your company’s capabilities to over 1,000 delegates and over 250 companies in the industry.

“Promote products and services to operators and contractors in the local region.

“Gain access to the latest industry news and access to networking opportunities with professional contacts from across the world.

“Network with the upstream, midstream, and downstream organisations and high-profile government officials and key decision-makers in the industry.

“Build and establish new leads as well as entrench a global presence in the industry.

“Get familiar with competitors’ capabilities to stay ahead in the industry,” the statement read.

The OTC 2024 expects over 31,000 energy professionals as attendees, 45 technical sessions, 450 presentations and over 1,300 exhibitors drawn from different countries, including Nigeria.

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