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Omerelu Community, Crime-Free-Youth Leader
A youth leader in Ikwerre local Government Area of Rivers State, Comrade Amadi Blessing, says there is no more criminality in Omerelu Community
Amadi admitted that since the arrival of Omerelu Security Planning and Advisory Committee (OSPAC), peace has been the order of the day.
Comr Amadi who stated this while speaking with newsmen at Omerelu on Monday, explained that the peace Omerelu is enjoying today can be attributable to Eze (Engr) Ben Ugo, Paramount ruler Omerelu Community and Professor Blessing Didia, former Vice-Chancellor, Rivers State University.
The Ikwerre Youth Leader said emphatically that the two illustrious sons introduced the local Vigilantee called OSPAC in Omerelu which remains the first Community in the whole of Ikwerre Local Government to embrace OSPAC.
He said the peace the duo have brought through the instrumentality of OSPAC had metamorphous unpara-lleled development in the community
“I’ m not a politician, but Governor Nyesom Wike’s milestone in Rivers state particularly in Omerelu has made me join politics.”
“I m not only joining politics, I will campaign for his future political aspiration because he has brought light to us”.
“The flag off of Omerelu internal roads which I m a living witness after how many years has proved he is a lover of his people”, he said.
In a related development, Maxwell Asor, Omerelu OSPAC Commander has assured the Monier Construction Company MCC, the Construction Company handling Omerelu internal roads of adequate protection.
Maxwell assured that the local Vigilante under him has obligation to protect their facilities throughout the period the job would be delivered.
He said OSPAC had recorded tremendous success since its arrival in Omerelu
Omerelu OSPAC Commander narrated how the group fought crime to a standstill before peace could be restored.
“I remain elated because the peace has brought development in Omerelu.”
“Omerelu Community will remain grateful to Governor Nyesom Wike for bringing dividend of democracy to their door step.
We are also happy the promise he made to us he has come to fulfill it, he said.
Also, the Councilor representing Ward five Omerelu, Mrs Echie Edith Ikwerre women shall continue to give Governor Nyesom Wike maximum support.
Hon Echie said Governor Wike had made the proud by executing impactful projects across the state which her ward was not an exception
Hon Echie said the flag off of the road after so many years previous administration had failed would enable women transport agricultural produce to the city.
She said easy access to the state capital and appreciation of land were some of the benefits.
The Managing Director, Shell Nigeria Exploration and Company Limited (SNEPCo), Elohor Aiboni, said Bonga, Nigeria’s first deep-water asset, has recorded major milestones, due to effective leadership, cutting-edge technology, continuous improvement and collaboration with stakeholders.
She noted that since coming on stream in November 2005, Bonga has maintained a track record of production that saw it achieve one-billion-barrel export on February 13, last year.
In her presentation, titled “The Bonga Journey to a Billion Barrels”, at the ongoing 2024 Offshore Technology Conference in Houston, Texas, United States, Aiboni, said: “SNEPCo is grateful for the contributions of all the parties to the Bonga story and we can all be proud of the milestones.
“Bonga has been consistent. In 2014, nine years after coming onstream, it achieved half a billion barrels of crude and doubled it in 2023. We have worked relentlessly to ensure excellent asset management, project and wells delivery and deployment of technology and innovations in our operations”.
According to her, these factors, “coupled with the supportive partnership of the Nigerian National Petroleum Company Limited and our co-venturers – TotalEnergies, EP Nigeria Limited; Nigerian Agip Exploration; and Esso Exploration and Production Nigeria Limited, make Bonga stand out as a world-class investment case”.
She continued that, “SNEPCo also enjoyed the support of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Content Development and Monitoring Board (NCDMB) in the success of Bonga operations”.
Aiboni also listed the challenges of keeping the Bonga Floating Production, Storage and Offloading vessel full as the asset ages and dealing with unexpected developments with subsea wells and equipment.
She said: “SNEPCo responded with a campaign of operational excellence, which among other initiatives, led to the creation of a programme known as the Bonga Business Improvement Plan that continually reviews and identifies improvement initiatives and drives sustainability in operations and upskilling of staff.
“The Bonga success story has been led by Nigerians who have been managing directors of SNEPCo since it was established in 1993, in a deliberate policy by Shell to develop indigenous manpower for deep-water operations in Nigeria.
“Today, some 97percent of the SNEPCo workforce is Nigerian and overall, Bonga has helped to create a new generation of Nigerian deep-water professionals.
“Our vision at SNEPCo remains to be the best deep-water business, powering growth and achieving net zero emissions in line with Shell’s Powering Progress strategy”.
Banks’ borrowings from the Central Bank of Nigeria (CBN) fell month-on-month, (MoM) by 44 percent to N12.16 trillion in April from N21.7 trillion in March.
Analysis of latest data from the CBN shows that the 44percent drop represents the first MoM decline in banks borrowing from since January when it increased by 268.7 percent to N3.6 trillion from N976.29 billion in December 2023.
However, further analysis showed that banks’ deposits in the CBN SDF grew MoM by 118.4 percent to N428.97 billion in April from N196.37 billion in March 2024.
Banks make use of the SLF to access liquidity to run their day-to-day business operations while the Standing Deposit Facility window (SDF) on the other hand, is an overnight deposit facility that allows banks to lodge excess liquidity (money) with the CBN and earn interest.
The decline in banks’ borrowing from SLF may reflect an increase in banking system liquidity and also the decision of the apex bank last year to remove the limit on the remunerable daily placements by banks at the SDF.
According to the CBN Governor, Mr. Olayemi Cardoso, the CBN removed the cap on the remunerable SDF to increase activity in the SDF window and manage liquidity.
A Financial technology expert, Olatunji Akinrinola, has highlighted the exponential growth of the FinTech industry, which according to him, was driven by technological advancements.
Akinrinola made this assertion in a press release recently, where he stressed that the role of technology in driving this exponential growth in the FinTech sector was very outstanding.
According to him, Technology has revolutionised the way financial services are delivered, making them more accessible, efficient, and inclusive.
“Through innovations such as mobile banking, digital payments, and blockchain technology, FinTech companies have been able to reach a larger population and provided them with access to financial services”, he stated.
Akinrinola emphasised the role of technology in enabling financial inclusion, adding: “Technology has democratised access to financial services, particularly in regions with limited banking infrastructure.
“Mobile money platforms and digital wallets have empowered individuals to conduct financial transactions conveniently and securely, without the need for traditional banking services”.
He also underscored the role of Artificial Intelligence (AI) and data analytics in driving innovation within the FinTech industry, noting: “AI-powered algorithms and predictive analytics have revolutionised risk assessment, fraud detection, and customer personalisation in financial services.
“These technologies enable FinTech companies to provide tailored solutions and mitigate risks more effectively, ultimately enhancing the overall customer experience”.
Akinrinola stressed the importance of regulatory frameworks in fostering the growth of the FinTech industry.
“While technology has accelerated the growth of FinTech, it is essential to establish robust regulatory frameworks to ensure consumer protection and maintain market stability. Regulators play a crucial role in balancing innovation with risk management, thereby creating a conducive environment for the sustainable growth of the FinTech sector”, he stated.
Akinrinola underscored the role of technology in driving the exponential growth of the FinTech industry, saying, “Technology has been a game-changer for the FinTech sector, enabling innovation, expanding access to financial services, and driving economic growth.
“As technology continues to evolve, the FinTech industry will undoubtedly play a significant role in shaping the future of financial services ecosystem”.
Corlins Walter
