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MPR, Stakeholders, engages on establishment of Petroleum Refining Hub in Nigeria

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Today (1st June, 2021), the Ministry of Petroleum Resources at the Ball Room of the Frazier Suite, Abuja, engaged stakeholders from the public, Private and other organizations to deliberate on a draft strategy to safeguard the long term interest of Nigeria in energy sufficiency.

In his opening remark at the event, the Permanent Secretary, Ministry of Petroleum Resources, Mr Bitrus Bako Nabasu, mni, stated ‘that part of the government’s priorities is in the area of increasing local refineries of crude oil to meet domestic demand in addition to transforming Nigeria from a net importer of petroleum products to a net explorer’.

Speaking further, he added that, under his leadership a committee was set-up on 6th November, 2020 to deliberate and fashion out its continental energy leadership position. The committee which relied on the World Economic Forum (WEF) Global Competitiveness Reports of 2019 as it relates to Nigeria and other African countries, submitted an interim report to the Honorable Minister of State for Petroleum Resources, Timipre Sylva, whose approval the Permanent Secretary said, subjected the report to a wider stakeholders review in order to enrich the strategies.

Mr. Nabasu encouraged participants to subject the draft strategy to intense scrutiny with a view to make Nigeria not only the petroleum refinery hub in the West African Sub Region but the entire African continent.

The Director Upstream, Engineer Kamoru Busari, in his welcome address, said the event was for participants to brainstorm on the interim report submitted to the Honorable Minister, on how Nigeria can set up a petroleum refining hub in Nigeria. Engineer Busari, later made a presentation on ‘Strategic Initiatives.’

Participants broke into syndicates and deliberated on the following topics, Nigeria‘s Aspirations, Opportunities and Competitive Advantage, Policy and Regulation, Infrastructural Development, Capacity Building and Security.

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NDPC and NAICOM Forge Partnership to Advance Data Privacy in Nigeria

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The Nigeria Data Protection Commission (NDPC) has taken a significant step toward bolstering data privacy in Nigeria by signing a Memorandum of Understanding (MoU) with the National Insurance Commission (NAICOM). This strategic collaboration underscores the commitment of both agencies to safeguarding data protection principles within the insurance sector and beyond.

The signing ceremony, held at the NAICOM headquarters in Abuja, was led by Dr. Vincent Olatunji, the National Commissioner and CEO of NDPC, and Mr. Olusegun Ayo Omosehin, the Commissioner for Insurance and CEO of NAICOM. The MoU is designed to fortify the partnership between the two regulatory bodies, ensuring that data privacy becomes an integral part of the operations within the insurance sector.

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Dr. Olatunji lauded the signing of the MoU as a pivotal milestone in advancing the data protection landscape in Nigeria. Reflecting on the journey leading up to this partnership, he noted that the NDPC had already…

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Anambra Leads South East in VAT Contribution for August 2024

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In a remarkable feat, Anambra State has emerged as the top contributor to the Value Added Tax (VAT) pool in the South East region for August 2024, with a contribution of ₦4.28 billion. This amount significantly surpasses the combined total VAT contributions of the other five states in the region, which amounted to ₦3.88 billion.

Breakdown of VAT Contributions in the South East:

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Roberta Edu Calls for a Shift in Women’s Role in Sustaining Patriarchy

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Roberta Edu, the visionary CEO of Moppets Baby Food and an outspoken advocate for gender equity, is no stranger to speaking her mind. In a recent candid statement, Edu delivered a stirring critique of patriarchal systems, zeroing in on a seldom-discussed reality: the role some women play in perpetuating the cycle of oppression.

As a self-confessed feminist and a leader in Nigeria’s business landscape, Edu is well-versed in navigating both corporate and societal challenges. However, her latest comments tackle an issue that resonates far beyond boardrooms.

“I can understand patriarchal men,” she began, her tone measured yet firm. “I understand why a man would want to cling to that system. For many men, especially those who feel they’ve failed in life, patriarchy becomes a refuge. It’s their last bastion of power, the one place where they’re told they have value, even if it’s only in subjugating their wives. That, to them,…

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Nigerian Delegation Visits MTN Group Headquarters to Strengthen Bilateral Relations

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A high-ranking delegation from Nigeria’s Ministry of Foreign Affairs recently visited the MTN Group headquarters in Johannesburg, South Africa. The visit highlighted the growing efforts to deepen economic and diplomatic relations between the two largest economies in Africa.

The Nigerian team was led by Rt. Hon. Wole Oke, Chairman of the House Committee on Foreign Affairs, and included prominent figures such as Amb. Ahmed Sulu-Gambari, the Head of the Ministry of Foreign Affairs; Nigeria’s High Commissioner to South Africa, H.E. Alexander T. Ajayi; and other senior officials.

MTN Group’s top executives welcomed the delegation, including Group Chairman, Mcebisi Jonas; Chief of Staff (CEO’s Office), Jerry Varachia; Executive for Network Design, Amith Maharaj; Executive for Core Mergers and Acquisitions, Annemarie Krijnauw; Executive for Internal Audit, Motselisi Molapo; and Senior Manager for Strategic Public Affairs, Dominic Khumalo.

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In a significant move to empower the future workforce and enhance the employability of students, the Federal Government of Nigeria has announced the integration of 15 skill acquisition courses into the curriculum of Primary and Junior Secondary Schools across the country. Starting from the 2025 academic year, students will be able to select one skill to study from Primary 1 through to Junior Secondary 3 (JSS3), ensuring that by the time they complete their education, they will have both theoretical knowledge and practical experience in their chosen field.

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The much-anticipated Akwa Ibom Tech Week 2024 concluded with remarkable success, marking another milestone in the region’s journey to becoming a leading tech hub in Africa. Held from October 28th to November 2nd, 2024, the event brought together tech enthusiasts, entrepreneurs, government representatives, and innovators from across Nigeria and the globe to discuss the future of digital transformation, innovation, and entrepreneurship.

The event, which was held in the vibrant city of Uyo, Akwa Ibom State, served as a powerful testament to the region’s growing influence in Africa’s digital economy. Hanson Johnson, Founder and CEO of Start Innovation Hub, one of the central organizations driving this transformation, expressed his pride and excitement as he reflected on the event’s success.

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In the heart of Nigeria’s bustling cities and its quiet rural communities, an invisible challenge is quietly stalling the nation’s journey toward a digital future. While vandalism and theft of telecom infrastructure are often cited as the primary culprits behind poor connectivity, an even more insidious issue is threatening to derail progress: denial of access to telecom facilities.

This growing crisis took center stage at the Critical National Information Infrastructure (CNII) Protection and Resilience Workshop Series, held in Abuja and organized by the National Cybersecurity Coordination Centre (NCCC) under the Office of the National Security Adviser. Among the speakers was Dr. Aminu Maida, a leading figure in the telecom sector, who painted a sobering picture of a nation held back by bureaucratic hurdles, community resistance, and property disputes.

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Dr. ‘Bosun Tijani, the Honourable Minister of Communications, Innovation, and Digital Economy for the Federal Republic of Nigeria, has reiterated the critical role of Local Government autonomy in advancing grassroots governance and fostering digital inclusion. Speaking on the ongoing implementation of #Project774, he emphasized the project’s pivotal role in delivering the dividends of governance directly to citizens at the last mile.

“With the introduction of Local Government Autonomy in Nigeria, it is imperative that we strengthen the capacity of our LGA structures through initiatives like #Project774, ensuring that governance is both impactful and inclusive,” Dr. Tijani remarked.

As part of this transformative initiative, Dr. Tijani recently hosted a strategic brainstorming session with state government representatives. The event brought together commissioners, agency heads, advisers, and local government chairmen from seven states—Sokoto, Borno, Ogun, Kogi, Imo, Zamfara, and Kwara—participating in the project’s first phase.

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