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OTC 2024: Nigeria, others to discuss regional investment opportunities, collaboration
African oil and gas executives and Small Medium Enterprises (SMEs) operators are set to discuss opportunities and collaborations for investment in the industry at the 2024 Offshore Technology Conference (OTC) in Houston, Texas, U.S.
Mrs Jumoke Oyedun, the Chief Executive Officer of New House International Ltd., said this in a statement on Sunday in Lagos.
She said that the company would lead a delegation of African executives and SMEs to the OTC 2024 taking place from May 6 and May 9.
Oyedun said that the annual event is one of the largest gatherings of oil and gas industry operators worldwide.
She said that the conference would afford participants the opportunity to meet with the best and latest technological development in the oil and gas industry worldwide.
Oyedun noted that the delegates would also be able to tap into opportunities available in the global energy industry.
She said that the annual event would attract foreign investments, leading to partnering needed to boost the oil and gas industry.
She said: “The New House International Ltd., is an indigenous Events Management Company (EMC), registered also in the United States of America with a vision of supporting and promoting Small and Medium Enterprises (SMEs) from the African region to the global market.
“The company coordinates the exhibition, participation, and logistics of these SMEs in international conferences and exhibitions.
“OTC 2023 presents another unique opportunity for interested companies to showcase themselves,” she said.
According to her, the conference will afford participants to meet with the best and latest technologies and allow the delegates to tap into the opportunities available in the global energy industry.
She said: “The African delegation comprising chief executives of oil service companies and government officials from the following confirmed countries and national corporations: Nigeria, Ghana, Senegal, Uganda, Tanzania, Uganda, Gambia, Namibia, Mozambique, etc.
“They will during the conference, make several presentations aimed at highlighting the opportunities for investment in their respective oil and gas industry and will explore opportunities to attract foreign investment and partnership to boost regional oil and gas industry.
” The CEOs of various oil companies will discuss and secure business transactions with relevant participating companies,” she added.
She said that the company is at the forefront of empowering SMEs from the African region and also facilitates their integration into the global market in conferences and exhibition.
According to her, by curating this distinguished delegation, the company champions entrepreneurship, innovation, and cross-border collaboration, fostering sustainable growth and economic development.
“OTC 2024 stands as the premier platform for industry leaders to convene, exchange insights, and delve into the latest technological advancements and investment opportunities within the global energy sector.
“Amidst the vibrant atmosphere of Houston, Texas, this delegation will engage in discussions surrounding groundbreaking innovations, strategic partnerships and investment prospects shaping the future of energy.
Oyedun said that the OTC 2024 delegation would feature impressive roster of companies poised to showcase their services and products.
She said that the companies expected at the conference were Seplat Energy Plc, Goddie Chemicals, International Ltd., Western Ltd., Afagaf Company Ltd, JOENY Holdings Ltd. and Well Energy Ltd.
Others include Prudent Energy/ Ardova Plc, Charkin Maritime and Offshore Safety Centre, New Energy Services Company Ltd., Numad Energy, Integrated Services Ltd., Aradel Holdings Plc, among others.
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Cement price hike causing building collapse – COREN
Cases of building collapse in the country have been attributed to the arbitrary increase in the price of cement by producers of the product.
The President of the Council for the Regulation of Engineering in Nigeria, Sadiq Abubakar, stated this on Monday in his remarks at the investigative hearing organised by the House of Representatives Joint Committee on Solid Minerals, Industry, Commerce and Special Duties, to probe the price increase of cement in recent times.
This was as the Chairman of the Joint Committee and member representing Karu/Keffi/kokona Federal Constituency, Nasarawa State, Gaza Gbewfi, summoned the Chairman of the Cement Producers Association of Nigeria, David Iweta, for questioning over the development.
Iweta, who did to turn up for the investigative hearing on Monday, was summoned after previously turning down two invitations by the committee.
The committee also charged the association to desist from using frivolous court injunctions to interfere in its work as guaranteed by the provisions of the 1999 constitution (as amended)
“You will agree with me that an increase in the price of cement is one of the key culprits of building collapse. I am trying to connect the hike in the price of cement with the standardisation in our building and the direct connection of building collapse.
“There is a connection with that, and I think this something we must interrogate,” the COREN President said.
Gbewfi, while agreeing with Abubakar, also argued that the cost of cement has also brought about an increment in housing rents across the nation.
“Anything that has to do with livelihood should be treated as an emergency’” the committee chairman said.
At the investigative hearing, the joint committee also queried representatives of the Nigeria Building and Road Research Institute and the Federal Competition and Consumers Protection Council on the arbitrary price increase.
Gbewfi also chided the representative of the Chief Executive Officer of the FCCPC, Boladale Adeyinka for not doing enough to protect the consumers of cement in line with the Act establishing the agency, saying, “You are a mother that has forgotten your children.”
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Osun State Assembly okays salary increase for political office holders
The Osun State House of Assembly is to send a bill to Governor Ademola Adeleke to increase the salary package of some political office holders.
This was made known by the Speaker of the Assembly, Adewale Egbedun, during plenary on Monday.
The News Agency of Nigeria reports that the salary increment bill titled, ‘Osun State Public/Political Office Holders Reviewed Remuneration Package (Amendment No. 2) Bill 2024,’ was presented to the Assembly on April 30, 2024.
The Majority Leader and the lawmaker representing Ede North State Constituency, Kofoworola Adewunmi, presented the bill to the House as a private member bill.
While reading the policy thrust of the bill, Adewunmi stated that the last time the salaries of public/political office holders in the state were reviewed upwards was in 2007.
He said the salaries stipulated for public office holders in the Osun State Public/Political Office Holders Remuneration Package Law 2007 was, however, no more in tandem with the current economic realities.
“You will agree with me that the current economic reality is not the same as what was obtainable 17 years ago when the law was passed.
“It has, therefore, become imperative to review upwards, the salaries of some public/political office holders to better their living standard which is in tandem with the five points agenda of Governor Ademola Adeleke.
“In addition, the State Assembly resolution taken on May 8, 2008 wherein there was an upward review of the remuneration package of some public/political office holders not covered by Revenue Mobilisation, Allocation and Fiscal Commission, as proposed by the state government, has been further reviewed and subsumed under this bill.” he stated
He equally clarified that the salary increment didn’t affect or cover the lawmakers’ salaries, explaining that state lawmakers’ salaries are statutorily reviewed by the National Assembly.
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Minimum wage: Labour issues two-week ultimatum to defaulting states
The organised labour comprising of the Nigeria Labour Congress and Trade Union Congress, on Monday, ordered state chapters to issue two weeks ultimatum to states that have failed to implement the old N30,000 minimum wage.
The NLC and TUC took this decision during a jointly held National Executive Council meeting which took place on Monday.
“NEC-in-session further directed all state councils whose state governments are yet to fully implement the N30,00 national minimum wage and its consequential adjustments to issue immediately a joint two-week ultimatum to the culpable state governments to avert industrial action,” NLC’s National President, Joe Ajaero; and TUC’s National President, Festus Osifo, said in a statement.
Speaking further, the unions also called for a one-day action in Anambra State following what was described as the failure of the state government to meet the demands of civil servants in the state.
“Consequently, the NEC-in-session accordingly reaffirms the NLC and TUC joint ultimatum earlier issued to the Anambra State Government by its Anambra State councils. It therefore directed all affiliates and workers in the state council to mobilise their members to ensure a successful action in the event the state government fails to meet the demands of workers by Thursday, the 23rd of May, 2024.
“In the event that the government fails to meet the demands outlined within the stipulated timeframe, the NEC authorises the leadership of the NLC and TUC to take appropriate actions, including but not limited to the mobilisation of workers for peaceful protests and industrial actions, to press home these demands for social justice and workers’ rights.
“NEC therefore calls on all affiliate unions, and workers including Civil Society Organisations across Nigeria to remain united and steadfast in solidarity during this critical period. Together, we shall prevail in our pursuit of a fair and just society that guarantees the dignity and well-being of all its citizens,” the statement added.
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