News
Construction of $3.5bn Bakassi seaport to begin soon, says ICRC
By Francesca Hangeior
The Director-General, Infrastructure Concession Regulatory Commission, Dr Jobson Ewalefoh, has said that the construction of the 3.5 billion dollar Bakassi Deep Seaport would soon commence.
This is contained in a statement issued by the ICRC’s Acting Head of Media and Publicity, Ifeanyi Nwoko, in Abuja on Monday.
Ewalefoh made this known at a High-level Stakeholders’ meeting where a statement of endorsement for the port project was signed.
The ICRC D-G who said the construction would commence under the administration of Govenor Bassey Otu of Cross River State, assured that the project would be completed in record time.
He said that his assurance was premised on four things which include the fact that the government of the state had demonstrated great commitment and zeal required for the project.
Others he said were the newly streamlined ICRC Public Private Partnership processes; the securing of a financier for the project; and the support of all other stakeholders present.
Ewalefoh said the 3.5 billion dollar project whose funding has been secured from the African Import-Export Bank, is to be executed as a PPP project.
He said that the ICRC had streamlined its PPP processes to ensure they were faster than before.
According to Ewalefoh, we are not compromising standards, we are only making the process more efficient which I have commenced as the D-G of ICRC.
He assured the Governor of Cross River that the project would be completed under his tenure with the support of the Ministry of Marine and Blue Economy, the Shippers Council and all the stakeholders.
The statement read, “You have demonstrated that you have what it takes to do it, just like President Tinubu has given confidence to investors to bring their funds to Nigeria.
“This is not a project that you started, the baton was only handed over to you, but like the man on the last lap, you are running the fastest and you will cut the tape.
“With the team you have assembled and the activities that are going on, you will arrive at the destination of the Bakassi Deep Seaport.
“I am convinced that in your tenure, with your team, Bakassi Deep Seaport will be a reality to the people of Cross River state and Nigerians.”
The D-G said that the port was very important as it would diversify the traffic from the Western Port and serve as a succour to the Eastern parts of Nigeria.
He added that the Bakassi Deep Seaport is an Agro-Value-Chain port that will explore the potential in the nation’s agricultural sector in the South-South part of Nigeria, the North as well as all of Africa.
Ewalefoh thanked Afreximbank for believing in the state and Nigeria as he reassured investors that Nigeria was a choice destination for investment opportunities.
The statement said a high point of the meeting was the signing of the declaration of endorsement by all critical stakeholders to the projects including the ICRC and the Cross River State Government.
Others include the Nigerian Ports Authority and the Nigerian Shippers Council.
News
SAD! Boat ferrying Over 200 Passengers Capsizes In Niger State, Claims Many Lives
A boat ferrying over 200 passengers capsized early Friday morning along the Dambo-Ebuchi stretch of River Niger in Niger State, resulting in several fatalities.
Eyewitnesses reported that the vessel, owned by one Musa Dangana, was en route to the Katcha weekly market, transporting a mix of market women, farm laborers, and other passengers.
The boat overturned, throwing everyone on board into the river.
As of the latest updates, local rescue teams have recovered eight bodies, with ongoing search efforts aimed at finding the remaining missing individuals.
This incident follows a similar tragedy just two months ago on October 1, when another boat capsized on the Muwo Gbajibo River in the Mokwa Local Government Area, also claiming numerous lives.
Reports suggest that none of the passengers were wearing life jackets, which may have contributed to the severity of the tragedy.
Authorities have yet to release an official statement, but investigations into the cause of the capsizing are expected to begin soon.
Rescue operations continue, and local authorities are urging increased safety measures to prevent future accidents on the river.
News
SEE FULL LIST of Tinubu’s latest seven appointments
President Tinubu has made seven new appointments.
President Bola Tinubu has appointed four individuals to join the Police Service Commission (PSC).
This Nigeria news platform understands that President Tinubu has now forwarded their names to the Senate for approval.
The nominees are Buba Ringim (rtd), a former Deputy Inspector General of Police; retired Justice Adamu Paul Galumje; Christine Ladi Dabup; and Abdulfatah Muhammed.
The President’s request, communicated by Senate President Godswill Akpabio, seeks confirmation under Section 154(1) of Nigeria’s 1999 Constitution.
In another separate request, the President nominated three individuals for the Governing Board of the Code of Conduct Bureau (CCB).
The nominees include Fatai Ibikunle, Kennedy Ikpeme, and Justice Ibrahim Buba. This request also aligns with the constitutional provisions outlined in Section 154(1) and the Third Schedule of Nigeria’s Constitution.
News
Just in: NNPCL announces PH Refinery petrol price at N1,030 per litre
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has confirmed that petrol from the PortHarcourt refinery will be sold at N1,030 per litre, as disclosed by the Nigerian National Petroleum Company Limited (NNPCL).
In a statement released on Thursday night, PETROAN’s spokesman, Joseph Obele, stated that the NNPCL officially communicated the pricing to the association.
However, in a statement on Thursday night, PETROAN mentioned that a portal for product booking has been opened and petrol is being sold at N1,030 per litre.
PETROAN spokesman, Joseph Obele said, “NNPC Retail Ltd has officially announced the PMS price at the Port Harcourt refinery as N1,030 per litre. It was also communicated to PETROAN that the product request portal was open for booking/request.”
Obele further clarified that despite earlier claims of the refinery being non-functional, the plant is currently running at 70% of its capacity.
The refinery’s full capacity, which is 60,000 barrels per day, is expected to increase to 90% soon.
This news comes as part of NNPC’s ongoing efforts to revive its refineries, with plans for the new refinery, which has a capacity of 200,000 barrels per day, to begin production shortly.
Obele emphasized that both refineries, located in the Eleme area of Rivers State, are crucial for the country’s oil production, with PETROAN expressing interest in collaborating with all active refineries in Nigeria.
Additionally, the Senate Committee on Petroleum Resources recently visited the refinery, confirming its functionality and witnessing petroleum trucks being loaded.
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