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October 10, 2024 Federal Government Reveals Plans for Korean Investors to Build Refineries In Nigeria

Federal Government Reveals Plans for Korean Investors to Build Refineries In Nigeria

The Federal Government has revealed plans for a consortium of investors from South Korea to build four 100,000-barrel capacity refineries in various locations in Nigeria.

The Minister of State for Petroleum Resources (Oil), HEINEKEN LOKPOBIRI, stated this at the maiden edition of a summit organised by the Crude Oil Refineries Owners Association of Nigeria in Lagos.

According to him, the Federal Government is encouraging investors to build refineries by providing an open environment for all.

Reacting to this development, an oil and gas expert, Dr WISDOM ENANG commended the efforts, adding that Nigeria will be self-sufficient with the advantage of exporting petroleum products to other countries.

Dr WISDOM ENANG also expressed concern over what he described as the critical factors of such investment namely, the supply situation, marketability, scalability of the business, profitability and socio-political stability of the country.

Considering the supply situation of the products, he expressed worry over Nigeria’s capacity to provide sufficient crude for the additional investors.

October 10, 2024 Federal Government Launches CNG Portal gocng.ng

Federal Government Launches CNG Portal gocng.ng

In the meantime, the Federal Government has launched an application portal for Nigerians willing to convert their vehicles from the use of petrol to Compressed Natural Gas -CNG.

This was contained in a statement issued by the National Orientation Agency titled Payment plan to make it easier to switch to CNG.

According to the statement, Nigerians who wished to make the switch to CNG could apply on the portal and spread payments in monthly installments.

The statement also highlighted flexible payment plans, noting that applicants will receive support through the process to ensure it is hassle-free.

The Agency urged interested persons to visit the website gocng.ng to make the applications.

October 10, 2024 Legal Practitioners Decry State of Judiciary in Akwa Ibom State

Legal Practitioners Decry State of Judiciary in Akwa Ibom State

Legal practioners in Akwa Ibom have decried the state of the Judiciary in the state, highlighting the key issues affecting the optimal function of the courts, responsible for the adjudication of justice.

The Lawyers noted that these issues are affecting the independence and welfare of the Judiciary, to deliver on its functions and responsibilities.

Speaking with INSPIRATION FM News, the Chairman of the Nigeria Bar Association – NBA , in Akwa  Ibom, Barr AUGUSTINE ANEFIOK UDOH mentioned that the Akwa Ibom state Judiciary lacks the needed structure for efficiency and harped on the need to correct the existing anomalies.

Barr AUGUSTINE UDOH specifically referred to the hazards legal practitioners are exposed to in the course of work, following the lack of appeal courts in Akwa Ibom, including low manpower in the available courts across the state.

The NBA Chairman, Barr. AUGUSTINE UDOH also spoke about the poor state of the infrastructure of the Judiciary in the state, insisting that it is further affecting its operational base to deliver justice to the people.

Barrister EKEMINI UDIM went ahead to lament that the courts are flooded with cases, but do not have enough Judges to attend to them.

Barrister EKEMINI UDIM in his submissions added that the courts in the state need to also embrace the use of technology to computerize the justice system, expressing dismay that proceedings are still reported manually, thereby impeding accelerated hearing of cases.

A significant part of the conversation on the state of the Judiciary in Akwa Ibom was the relevance of autonomy. Here, another lawyer, Barrister ANTHONY EBUK, indicated that autonomy will reduce the bias that can be evident in the system.

They all summited that an independent Judiciary will prevent political interference in its procedure, with the administrations running seamlessly and helping the Judiciary build its potency.

October 10, 2024 Akwa Ibom State Government to Inaugurate Security Trust Fund and Petroleum Products Committee

Akwa Ibom State Government to Inaugurate Security Trust Fund and Petroleum Products Committee

The Akwa Ibom State Government has announced plans to inaugurate the board of Trustees for the security Trust Fund as well as the Petroleum Products Monitoring Committee on Friday, October 11.

The announcement was contained in a release signed by the Secretary to the State Government, Prince ENOBONG UWAH.

According to the release, the State Governor, Pastor UMO ENO   will inaugurate the Board of Trustees for the security Trust Fund and the Petroleum Products Monitoring Committee at the EXCO Chamber, Governor’s Office, Uyo by 1 pm.

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