“We wholeheartedly welcome this project. Gas provides a cost-effective option for powering factories, homes and vehicles. To the Kaduna State Government, this project is a welcome boost to our investment and job creation strategy.”
On his part, the Group Managing Director of the NNPC, Mele Kyari said the focus of the national oil giant is to deliver gas into the domestic market.
“Our focus is to deliver gas into the domestic market. We know that this is a game-changer for our country and particularly more so for Kaduna State,” he said.
“We know that very many industries that were prominent in this country that were situated in Kaduna have gone down. We understand very clearly that many of these industries went down because of clear supply of energy.”
The NNPC boss explained that there is no better way of making cheap and cleaner energy than delivering gas into industries.
The Independent National Electoral Commission (INEC) has signed a memorandum of understanding with stakeholders of the transport industry in Niger state, as part of efforts to ensure prompt delivery of electoral materials and staff of the commission during the 2019 general elections.
INEC signed the MOU with Nigerian Union of Road Transport Workers (NURTW) and the national association of road transport owners in the state.
The MOU was signed after a meeting between the commission and the two unions as well as security operatives.
The state’s resident electoral commissioner, professor Sam Egwu said INEC would ensure that its staff arrives all polling stations by 8:00am prompt to avoid situations where voters queue endlessly before materials and INEC officials arrive.
On their part, the leaders of the two union assured of their readiness to support the commission to achieve a smooth election process during the presidential and national assembly and during the governorship and house of assembly elections.
The meeting was attended by representatives of the police, Nigerian army, Nigerian airforce, customs service, Nigerian civil Defence corps, road safety, and the prisons services.
Okorocha said the purpose of the MoU signed with Jacob Zuma Foundation came as a result of his dream to touch lives and provide free education to less-privileged children.
“17 years ago, this dream came to me to touch the lives of the less-privileged children. For reasons of my background, I almost could not go to school due to poverty. Then I asked God to bless me so that I may bless others.”
He added that he shares many things in common with the President of South Africa who did not have a formal education due to the poor background.
“I read a bit about your history and it looked like I share things in common with you growing up and the challenges you had as a child who was not privileged to go to a formal school or to see the four walls of a classroom but rather had to study in prison. I was not imprisoned but I was a prison of poverty,” Okorocha said.
The Kano State Government has signed ten Memorandums of Understanding (MoU) with various companies and investors for some major development projects across the state.
At the closing ceremony of the second edition of the State’s Economic Summit and Investments, Governor Abdullahi Ganduje said one of the MoU was targetted at the construction of the N146 billion Kano economic city by Brain and Hammers Nigeria Limited.
The government of Kano State had within the last one week engaged investors and other relevant stakeholders in seeking a solution to the state’s dwindling economy.
After two days of negotiations and deliberations, economists, investors, and financial experts came up with suggestions that favoured the economic transformation of the Nigeria’s second largest commercial city of Kano.
The signing of the 10 agreements is expected to boost the economy and transform Kano into a mega city, a feat Governor Ganduje hopes to achieve in the next two years.
“We want to have a mega city where our economic structures will work in providing jobs to our youth. So I called on these investors to know that we are a serious government and we will not tolerate bureaucracy. That is why we set up an investments promotion agency to report directly to my office in the event of obstacles or sabotage.”
Governor Ganduje, who assured participants that his commitment to implementing the MoU will remain unchanged, warned contractors and investors against failure to meet expectations as well as the set target.
He said, “The investments and MoU we signed are very important indicators to the diversification of our IGR, and we hope to ensure that money due to state government coffers are paid to state government account. This will, in turn, help us come up with more development projects for our people that
“This will, in turn, help us come up with more development projects for our people. That is why we have also given agriculture a meaningful priority because we believe, through agriculture, we can revive our rural economy.”
The Bauchi State Government has allocated 60,000 hectares of land for the cultivation of sugarcane and the establishment of a 200 million Dollar sugar milling plant and refinery, through a public-private partnership with an investment promotion company, Geolo Global company limited.
The state governor, Mohammed Abubakar signed the MoU of the proposed sugar milling plant and refinery which is projected to produce 5000 metric tonnes of refined sugar and Generate Internal Revenue for the state.
The revenue is estimated at 50 million us dollars annually in addition to 53 megawatts of electricity to be used by the company and the state.
The Niger Delta Development Commission, (NDDC) has signed separate Memorandum of Understanding, MOU, with two key Development Partners to drive sustainable development in the Niger Delta region.
The two MOUs were signed on Monday at the NDDC headquarters in Port Harcourt between the Commission and Market Development Project in Niger Delta, (MADE), as well as Facility for Oil Sector Transparency and Reform in Nigeria, (FOSTER).
Speaking at the ceremony, the NDDC Managing Director, Mr Nsima Ekere, stated that the MOUs reflected the new management’s plan and vision to drive sustainable development in the region.
He said that the choice of the partners was deliberate as it showed the determination and readiness of the Commission for openness in its operations. He said: “It could not have been otherwise since transparency and accountability are the fundamental parameters of the Muhammadu Buhari administration.”
Mr Ekere said that the NDDC Governing Board and Management at its last meeting ratified the collaboration with technical partners.
He restated the determination of the NDDC “to restore the core mandate of the Commission, restructure the balance sheet and reaffirm the commitment to doing what is right and proper, at all times, for the benefit of the people of this great region.”
“We hope to send a strong and clear message to the people of the Niger Delta, as well as all Nigerians and international community, that the new Governing Board and Management of the NDDC is committed to ensuring that we establish in the commission and the Niger Delta region, enduring instruments and institutions vital to fulfilling both our mandate and the expectations of the people.
The NDDC boss said that the Commission recognised the need to actively seek and engage key stakeholders and partners in collaborating with and thereby act as the integrator for all plans to develop the Niger Delta.
He added that “Under the terms of the MOU, MADE will work with NDDC to boost efforts at stimulating sustainable, pro-poor growth in selected agricultural and other input markets. We will also work to improve the position of economically active but advantaged men and women in these markets, by making them more inclusive.
“This MOU will also enable grant funding for sustainable development initiatives, as well as stimulate growth in Non-Oil Products through enhanced oil palm production, development of poultry farming, training in the production of finished leather goods, training in aquatic farming and media and ICT supported agriculture extension service of the Presidential Amnesty Program.
He declared that the need to diversify the nation’s economy had never been more imperative, adding: “Economic diversification is vital to Niger Delta region’s long-term economic growth and we must align ourselves with initiatives that seek to advance this very vital cause. For this reason, agriculture and other factor markets must be given much-needed attention, in order to exploit opportunities that can create a vast number of jobs and boost employment profile of the Niger Delta region.”
Giving details of the collaboration with FOSTER, Mr Ekere noted that it would improve reporting as the partner would support the production of the commission’s Quarterly Report, ensuring salient informant was captured and presented in a readable and understandable manner.
“The partnership would support improvements to prioritisation of projects and budgeting. Strengthen transparency, disciplined spending, and generally, engender overhaul of the commission’s internal systems, processes and procedures, with particular emphasis on budgeting, contract administration and program implementation.”
The leader of the FOSTER project, Mr Henry Adigun said the delegation’s main objective was to provide technical support and strengthen NDDC’s management systems for the delivery of services for development.
He said that FOSTER would support the NDDC reporting system, help to boost budget implementation, as well as assist in Project monitoring and evaluation.
In his own presentation, Mr Tunde Oderinde, the leader of the MADE delegation, said that the UK-funded the Department For International Development, (DFID), which is a private sector initiative that collaborates with the organisations for maximum impact.
He said that the major area of interaction was in agriculture where about 10,000 people were expected to be impacted. He added that MADE was building an enduring framework to support the projects to make them sustainable.
Mr Oderinde said that the various projects would increase the incomes of at least 150,000 poor men and women in the Niger Delta. “MADE adopts a market development approach to support growth in the region’s non-oil economy by stimulating sustainable, pro-poor growth in selected agricultural, input markets and improving the position of economically active poor and women in these markets by making them more inclusive.”
The Nasarawa State Government has signed a Memorandum of Understanding (MoU) with a Chinese firm in order to improve the agricultural base of the state.
Speaking during the signing of partnership, Governor Tanko Al-Makura averred that the move will also provide vocation for the state populace.
“We also want to make vocation out of that and create employment opportunities because given the bulk of raw materials of fertilizer blending imported from Morroco, every state is having large bulk of such fertilizer raw materials and Nasarawa State is supposed to have about 20,000 metric tons, with that we would be able to have much more than we require for our use.
“It simply follows that we would be able to be making some businesses out of fertilizer blending after supplying our farmers, that is why we have to ensure we have the right type of equipment rather than depending on the decayed one that we already have in the state that works haphazardly.
“With this procurement of four different categories of fertiliser blending equipment from this year, Nasarawa State will be self-sufficient in fertiliser production for the state and beyond,” he said.
However, the firm is expected to provide fertilizer blending equipment for the upgrade of the state fertiliser blending company in order to boost production and ensure that the product is sufficient for farmers.
The acting Managing Director of the Bank of Industry Mr. Rasheed Olagunju has announced plans by the bank to assist Nigerians in the Diaspora who intend to invest in Nigeria through its business development initiative.
Mr. Olagunju who was speaking during the signing of the Memorandum of Understanding between the bank and the Senior Special Assistant to the President on Diaspora Matters said scheme would provide a structured platform for mobilising the resources of Nigerians in the diaspora towards national development.
Meanwhile, the Senior Special Assistant on Diaspora Matters, Abike Dabiri-Erewa says the programme will also capture deported Nigerians who have special skills.
Governor Ifeanyi Okowa, on behalf of Delta state government, has signed a Memorandum of Understanding (MoU) with Kems Infrastructure Solution Limited and Huawei Technologies Company Nigeria for the development of smart cities in the state.
Signing the MoU at the Government House, Asaba, Governor Okowa stated that the MoU was in his bid to ensure speedy development of Delta State.
He said that it would also bring about innovative ICT solutions that would position the state to tackle challenges as they arise.
“With this partnership which concerns our smart cities, we will have a better management of our security in the state and through the various infrastructural development, our economy and the knowledge of our people will improve,” the Governor said.
To the partners, he said: “This partnership will be a win-win situation for all of us as both your company, Delta State government and our people will benefit from it.”
The Director, Huawei Technologies Company Limited, Mr Welion Yang, who spoke at the occasion, thanked Governor Okowa for providing the enabling environment for investments to thrive in the state.
He gave the assurance that his company would deliver quality products and on time to the benefits of the government and people of Delta State.
While the Secretary to the Delta State Government, Hon. Festus Ovie-Agas signed the MoU on behalf of the government of Delta State, Mr Welion Yang signed for Huawei Technologies Company Limited while Lilian Ranganath signed on behalf of Kems Infrastructure Support Solutions Limited.
Anambra state governor, Willie Obiano, has signed a 5.5 billion Naira Memorandum of Understanding (MoU), for the construction of a Bonded Container Terminal in the state.
The Terminal which would be located at the industrial zone of Ozubulu in Ekwusigo local government area of the state, would occupy 13 hectares of land and would accommodate various facilities as well as some government agencies such NAFDAC, NDLEA and Nigeria Customs Services.
It is also expected to including a container examination shed, equipment maintenance workshop, lorry and container parks.
This was according to the Chairman of Anambra State Investment Protection and Promotion Agency (ANSIPPA), Cyril Enweze.
The terminal would provide commercial services such as transportation and distribution solutions, customs brokerage and compliance solutions, freight management solution, export documentation, processing, storage and packaging solutions. “The benefits are enormous,” he said.
Obiano says he would compliment the project by establishing a rail line to enhance productivity and avoid damage on roads due to movement of heavy duty truck on them constantly.
Chairman of Bonded Container Limited, Anthony Nwabunike, says the idea of choosing Anambra is due to the think home philosophy of Governor Obiano, targeted at making the state a first choice investment destination.
He noted that the project is strategic, based on the fact that about 47% of Anambra people are into importation business and that the challenges they face in the hands of Nigeria Customs Officers on the road are numerous.
He then assured indigenes of timely construction of the project within the ten months stipulated period.
The governor who expressed excitement over the project, stated that it is in line with the export activities of the state.
He added that he had finalized talks with a Chinese company on the project.
Stating other benefits, he revealed that it would not only enhance business activities in the state, but would also create 250 direct jobs and 750 indirect jobs which would ultimately boost the state’s internally generated revenue.
The Northern States Governors Forum and the General Electric International, on Monday, signed a Memorandum of Understanding for the construction of five solar plants, aimed at generating 500 megawatts of electricity in some parts of Northern Nigeria.
Borno State Governor, Kashim Shettima, signed the agreement on behalf of the governors while General Electric’s Senior Executive, Western Europe and Africa, Mr Armand Pineda and the President, Dr Lazarus Angbazo, signed on behalf of their company, in a brief ceremony which took place at Transcorp Hilton Hotel in Abuja.
Based on the MoU, General Electric which has 120 years of experience in power generation, is expected to build five solar power plants to be located in Borno, Kebbi, Nassarawa, Niger and Taraba States.
Each of the plants is expected to generate 100 megawatts of electricity, totaling 500 megawatts across the five states.
The electricity, according to them would stimulate economic activities and social services in the affected states through boosting agricultural food processing and small scale businesses, in addition to supplying electricity to schools and hospitals.
The project which is in its pilot phase, is being coordinated by the Northern Nigeria Global Economic Re-integration Programme, newly created by the northern governors, to serve as vehicle for the economic recovery of northern states.
This is to be achieved through international relations on infrastructure, manufacturing, stimulating the agricultural value chain and trade, so as to make the region a global player in agricultural exports, which would be in line with the vision of late premier of the region.
The governors’ forum led by Mr Shettima, engaged the services of Malam Tanimu Yakubu Kurfi as Cheif Executive Officer of the Programme.
Kurfi was Chief Economic Adviser to late President Umaru Musa Yar’adua and has wide contact with leading development companies and financial institutions across the world.
“The 19 Governors of the north jointly created this approach – we want to go beyond lamentation, to provide solutions and we all know that power is key to industrial development.
“With power, we can create jobs, stimulate our economies and make life better for our people.
“The General Electric has over 120 years of experience in energy solutions and they have been operating in Nigeria for over 50 years, we cannot have a better partner than GE.
“We shall do our part as governors, this I will assure you. We are deeply committed to this agreement” the governor said at the MoU signing ceremony.
The Northern Governors’ Forum Chairman enumerated challenges of poverty, unemployment, poor access to education, poor healthcare, among other under-development indicators threatening the north, while concluding that power can provide a vehicle for the north to reposition itself for a better future.
Kurfi on the other hand, said he took up the challenge put forward by the northern governors, as a result of strong passion and commitment to aggressive development of the north, so far shown by the governors since Shettima became the forum’s chairman in 2015.
Re-affirming their commitment to the MoU, General Electric’s Pineda and Angbazo, both pledged that they would work round the clock to realize the project for the benefits of citizens of the five States.
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has negotiated a 15 billion dollar investment in Nigeria’s oil and gas sector with the Indian government.
The negotiations formed part of the three-day investment drive of Mr Kachikwu to India where he concluded talks on investments in Nigeria’s oil and gas sector in a bilateral meeting with his Indian counterpart in charge of petroleum and natural gas.
Both countries have agreed to work on a memorandum of understanding to facilitate investments by India in the Nigerian oil and gas sector and specifically in areas such as term contract, participation of Indian companies in the refining sector, oil and gas marketing and upstream ventures.
The MoU is expected to be firmed up in December 2016 during the 12th International Oil and Gas Conference and Exhibition, PETROTECH-2016, at New Delhi.