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Niger Delta

Ayade Wants Contractual Fees Paid In Local Currency

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As part of measures to
stenghten the naira and grow the local economy, the Cross River State Governor, Professor Ben Ayade, has advocated for payment of conractual fees and charges to multi-national companies in local currency/
Ayade, who stated this when he received the chairman and other members of Senate Committee on Petroleum Resources Upstream on a 3-day workshop in Calabar, said that it is by so doing that the emphasis on dollars will be less and the value for naira better appreciated.
“The dollarisation of contracts in the oil and gas sector is another crippling issue in this country. It is only in Nigeria that contracts are awarded in dollars and denominated in dollar.”
The international exchange rate is fast changing, a lot of people prefer to do business in their local currency, and we have countries that have made laws that stipulate a minimum irreversible exchange rate between their currency and the dollar; We should not be an exception.
He further argued that the activities in the oil and gas sector in the country which allowed for the sale of crude oil in dollars, with the dollar not returning to Central Bank of Nigeria was another issue which should be tackled under the local content law.
“With our main exports, we should not have this kind of exchange rate that we are having in naira today. It may be synthetic, it may be a little artificial, it could be black market induced but we have failed to establish a framework that can give the naira its value,” he said.
“Must we always put the naira against the dollar?” Ayade asked rhetorically, noting that, “in most countries like UK, some of their foreign reserves come in form of gold. Why must our foreign reserves be in our dollar, why can’t we commoditise our foreign reserves?”
The governor who reasoned that the country was blessed with abundant mineral deposits like bitumen, gold, iron, among others, stressed the need to convert these into foreign reserves in material terms and bring the naira to shore up its value.
Ayade urged the Federal Government to take a deliberate policy as well as ensure full implementation of local content act to strengthen the naira while advising that all LNG shipments sales out of Nigeria be paid to CBN directly.
Earlier, Chairman, Senate Committee on Petroleum Resources Upstream, Senator Tayo Alasoadura, said the choice of Calabar for the workshop was not misplaced because Cross River had over the years distinguished itself as the preferred destination in the country because of its ambiance and serenity.
He thanked the state government for partnering with the committee to actualise the workshop, saying that the essence was to meet minds with relevant stakeholders in the oil and gas sector in tackling some of the issues raised in the sector in a manner that would impact positively on the citizenry.

 

Friday Nwagbara, Calabar

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Niger Delta

DELSU Spends N720m On Electricity Annually -VC

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The Vice Chancellor of Delta State University (DELSU), Abraka, Prof. Samuel Asagba, says the institution spends about N720 million annually on electricity bill.
Asagba, the 8th substantive Vice Chancellor of DELSU, made this known during the university’s 17th Convocation Press Conference, held at the institution’s campus in Abraka on Wednesday.
He said the university spent about N50 million monthly on diesel, to run the institution’s generating plants.
The VC said his administration would address the huge cost by exploring other alternative sources of power supply, such as solar energy and hydropower, through private partnership investors.
“We spend N60 million monthly on electricity, we also spend about N50 million monthly on diesel, so cumulatively, we spend about N110 million monthly in electricity, this, we have to address.
“Beyond electricity, a comprehensive and integrated water supply system for Site Three will be developed. There will be construction and maintenance of internal road network.
“We will vigorously ensure compliance with the master plan of the university”, he said.
Asagba continued that the university was exploring other avenues to boost its Internally Generated Revenue (IGR), noting that the most demanding challenge in the overall scheme of the university was the issue of funding.
According to him, without proper funding, it will be difficult to realise the vision of the university.
He said DELSU would implement the financial policies of the University Council and ensure that the institution’s resources were used in ways that would most effectively advance the approved vision, mission and strategic plans of the university.
“To achieve the goals, DELSU Investment Ltd., in consultation with the Chairman of Board, will be overhauled. The university’s printing press will be upgraded to a publishing house.
“Scope for the Centre for Open and Distance Learning will be expanded to cover many departments of the university. Quotas for the admission of undergraduates will be raised for courses that are highly sought after.
“Investors will be engaged in a Public Private Partnership arrangement. National and multinationals will be wooed and partnered for the development of the university”, the VC said.
He stated further that the institution’s management would improve the prioritisation of the university’s ICT infrastructure, to enable it to compete globally.
Asagba also said sustained measures would be put in place to improve the quality of graduates and postgraduates students through closed monitoring, to guarantee their employability.
He continued that the university would be properly connected to the world through common wealth multifarious schemes, covering short-term and long-term sponsorship of staff and students.
Asagba further said the university would provide training and support to entrepreneurs and small businesses within Abraka community, as part of its Corporate Social Responsibility (CSR).
He, however, stated that staff welfare remained top priority in his administration, adding that it would not be compromised.

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Niger Delta

Engage Intellectually On Ijaw Struggle, Dep Gov Urges IYC

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Bayelsa State Deputy Governor, Senator Lawrence Ewhrudjakpo, has challenged the Ijaw Youth Council (IYC) to be more intellectual in pursuing the shared dreams and aspirations of the Ijaw ethnic nationality in Nigeria.
He said this when he granted audience to the Chairman and members of the 2025 Boro Day Planning Committee, under the auspices of the IYC Central Zone, at his office in Government House, Yenagoa.
He advised the youths of Ijawland against armed struggle, stressing that the era of militancy had long gone having served its purpose shortly after the famous Kaiama Declaration.
Emphasizing the importance of education, the Deputy Governor recommended the use of effective intellectual engagements in fighting against inequity, marginalisation and deprivation of the legitimate rights and interests of Ijaw people.
He wondered why the IYC has not added its voice to the ongoing calls and public discourse for the creation of more local governments in the country, especially as it affects Bayelsa State.
Senator Ewhrudjakpo lamented that Bayelsa, with only eight local governments, had been grossly short-changed over the years, despite its huge contribution to the economic survival of Nigeria.
He charged the 2025 Boro Day Planning Committee to conceive programmes and activities that would add value to the lives of the Ijaw people, noting that the Ijaw struggle, which Boro epitomized, had transited from the use of arms to the battleground of intellectual engagement.
The Deputy Governor advised the IYC to collaborate and synchronize its activities for the Boro Day celebration with that of the State Ministry of Ijaw National Affairs to avoid unnecessary duplications and achieve success.
“We should celebrate the Boro Day in a way that adds value to the lives of the Ijaw people. So, the IYC should collaborate with the Bayelsa State Ministry of Ijaw National Affairs to harmonize the programme for the Boro Day Celebration to avoid unnecessary duplication of events.
“The struggle is now intellectual, it is no longer an armed struggle of the past. The IYC should stand against cultism, and drug abuse among our youths”, he said.
He continued that the “The IYC should as a matter of fact recalibrate its desires and motivation. We need intellectual engagement of the state and federal governments in very responsible and respectable manner.
“We expect IYC to be alert and sensitive to what is happening around us and within this country. For quite sometime now, people have been talking about local government creation in this country. In what ways has the IYC lent its voice to that discourse?”, he querried.
In his remarks, the Chairman of the IYC 2025 Boro Day Planning Committee, Evangelist Parkins Ogede, explained that the visit was to intimate the state government of the activities of the IYC Central Zone for this year’s Boro Day and to seek government’s support in terms of funding.
Evangelist Parkins, who thanked the Deputy Governor for granting the Committee audience at a very short notice, informed that the events include inter-LGA cultural displays, boat regatta at Oxbow Lake, Boro Day Memorial Public Lecture, amongst others.

Ariwera Ibibo-Howells,
Yenagoa

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Niger Delta

Save Journalist Battling Cancer, NUJ Urges Isoko Indigenes

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The Nigeria Union of Journalists (NUJ), Delta State Council, is asking kind-hearted sons and daughters of Isoko to help save the life of one of their members, Comrade Dave Okpogadie, who is very sick and needs money to continue his cancer treatment.
Since 2024, Comrade Okpogadie has been battling cancer. He started his treatment with surgery at Asaba Specialist Hospital.
After that, he was moved to the University of Nigeria Teaching Hospital (UNTH), Enugu, for chemotherapy and radiotherapy, special treatments that help fight cancer cells.
The Delta State NUJ Chairman, Comrade Churchill Oyowe, explained that Comrade Dave now needs to stay in the hospital for more than three months to complete his treatment.
“Sadly, the cost is too much for his family and the Union to handle alone. That’s why they are asking for help from generous people in the Isoko Community and beyond”, Oyowe pleaded.
He said the Union has already helped Dave twice before: “We have intervened at the initial stage. We gave out N1.8 million at first and then raised more money the second time. So far, we’ve raised about N4.5 million”, he said.
He also shared that one kind person, Comrade Shola Adebayo, gave a large donation of N2.5 million during the second round of fundraising.
The Delta State Ministry of Information and the Delta State Contributory Health Commission have also supported the cause. The Ministry has written to the State Governor, asking for a special intervention.
Oyowe said more help is needed, and fast: “We’ve spoken to the government, and they are working on it, but you know how government works, the machinery of government grinds slowly. We cannot wait because Dave needs treatment now.
“I know Isoko has many great sons and daughters. We are calling on them to help save Dave’s life. Cancer is treatable if caught early, but we must act now before it’s too late.”
The summation of fund for his treatment is currently fixed at N10,321,000, and include: Blood every week for 11 weeks; weekly organ test; post-treatment drugs; CT Scan; Radiotherapy session; 11 weeks hospital stay; Dental treatment every week; and Radiotherapy.
For Chemotherapy (Cancer Medicine Treatment), it includes: 11 sessions of chemotherapy; Blood test every week; Kidney test every week; Consultant’s fee; Extra/unplanned expenses; and Chemotherapy.
Meanwhile, the NUJ says it has a nine-member welfare committee in charge of managing all the donations and spending, with Comrade Ruth Omejie, from the Field Information Chapel, as Chairman, and Comrade Ameachi Okpara, from the Asaba Correspondents Chapel, as Secretary.

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