News
Dry Dock: N’Delta Youth’s Protest Sparks Tension In NLNG
Fear is said to have gripped the management of multinational gas corporation, Nigeria Liquefied Natural Gas Company (NLNG) and her investors over a strongly worded protest letter presented by a coalition of Rivers State youth and stakeholders over the proposed location of NLNG’s dry dock.
The letter, which content made startling revelations previously unheard of, lay overwhelming credence to the fact that NLNG, in spite of its sustained denial, was actually the sponsor of the proposed dry dock project in Badagry, Lagos State.
In a nine-page letter articulately written and copied to government and strategic agencies in the country by the youth leaders representing various groups in Rivers State, stakeholders and other youth of Niger Delta under the aegis of Joint Niger Delta Youth Movement led by activist, Ann Kio-Briggs, they expressed their resolute demands for reversion of the decision, insisting that it must be sited anywhere in Niger Delta.
Also present at the civil protest to NLNG complex in Port Harcourt include; Chairman, National Youth Council of Nigeria (NYCN), Rivers State chapter, Amb. Sukubo Sara-Igbe Sukubo, National Secretary General of Ijaw Youth Council and Leader of Rivers Ijaw Youth, Engr Emmanuel Bristol Alagbariya, Leader, Bonny Youth Federation, Barr. Simeon Wilcox, among others, to express serious disappointment and regret in the non-inclusion of host communities who are critical stakeholders of NLNG projects, condemning in the process perceived as high level deceit, fabrication and deliberate intention to foist crisis in the region.
Sources in the company, who spoke under anonymity, had disclosed that there is rumble among the rank and file of NLNG management, adding that the atmosphere is tensed, especially with indications that in spite of alleged attempts by the company to incite other NLNG communities and youth against Bonny Island through a recent publication enumerating what Bonny people are benefitting from NLNG, the youth of Rivers State have remained resolute and undeterred in pressing for their demand and pursuing their joint objective over the dry dock issue.
This development, according to the source, is said to be against NLNG’s divide and rule plan to forestall further protest by youth against the planned dry dock location.
More worrisome for the company is that the protest had gone smoothly without aggression as the youth made their positions known without the usually violence associated with Niger Delta youth.
Part of the demands during the protest is to have the dry dock located in any of the Niger Delta states for the purpose of creating job opportunities for the teeming unemployed youths, in addition to the demand that NLNG should organize a road show in the Niger Delta and give practical assurance to the investors that they will patronize the investors and make available all their vessels to the dry dock facility to be built in the Niger Delta.
The letter, submitted amidst tight security mounted by NLNG, neither deterred the youth and stakeholders who matched on within the NLNG premises to deliver the strongly worded letter received by one of NLNG’s key management officers.
Some contentious issues were raised in the letter which reads in parts: “It is not in dispute that you, NLNG, conceived the idea and sponsored the disputed dry dock feasibility studies, received, accepted, gave approval to the report, and indeed, mobilized banks and investors, and also organized a road show to actualize and give effect to your desired decision to site the dry dock in Lagos as pre-determined.
“It is necessary here to note that before the feasibility study and road show of Decenber 9th, 2014, organized by you, there were no foreign or local investors (company or consortium) for the dry dock, but to our chagrin, NLNG had already named the project, Badagry Ship Repair and Marine Engineering (BSME)”.
To further give credence to NLNG’s pre-determined and lopsided feasibility study, the statement gave reference to various reports, including one made available by news giant Reuters on Friday, June 19th, 2015, which was also hoisted on NLNG website captioned ‘NLNG EYES $1.5 BILLION DEBUT SHIPYARD IN NIGERIA’.
“The first paragraph aptly captured that ‘Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa’s biggest economy at the cost of $1.5 billion, in its attempt to turn the country into a hub for maritime operations on the continent”.
Reuters went further to quote NLNG spokesman, Tony Okonedo, as corroborating statements that indicate that they are actually sponsoring the dry dock project.
Further statements to bolster claims by the youth coalition group referenced publications and strategic quotes by NLNG management on Nations, Guardian, and Sun Newspapers, among others.
The letter in part countered strongly and referred to as unsubstantiated NLNG spokesman’s claim that technical grounds like, Natural water depth; Proximity to an international airport and Proximity to an active offshore and onshore West Africa oil and gas hub were practicable parameters used to decide on siting the Dry dock in Badagry
Countering the claims the Joint Niger Delta Youth Movement stated in its letter that it is yet to come to terms on why Badagry which natural water depth of 11-12 meters was chosen ahead of Bonny island with natural water depth of 14.30 meters and the Onne/Ikpokiri which has about 15.2 meters of natural water depth.
On proximity to airport, it states that the distance between Lagos International airport and Badagry is about 68 kilometers while from Port Harcourt international airport to Onne Port is about 40 kilometers, even as Bonny Island has the advantage of a mini air strip.
Dissecting the issue of proximity to an active offshore and onshore West Africa oil and gas hub, it states “Niger delta is the most active offshore and onshore oil and gas hub in Nigeria and indeed in the whole of West Africa. Hear this: It is a global established known and accepted empirical fact that only the management of NLNG Bonny and its hired agents the Royal Haskoning DHV are disputing this very obvious fact”.
The protest organized in the most civil and intellectual manner attracted the admiration of security operatives who commended the organizational ambiance exhibited by the protesters. There was staked consensus among, Ann Kio Briggs, Sukubo Sara Igbe, Bristol Alagbariya and Simeone Wilcox and other stakeholders that NLNG’s hidden but now open agenda can never be allowed to see the light of the day, they assert that the decision if allowed to fly will be detrimental not just to the present generation of youths in the Niger delta, but to those yet unborn. While they wait on NLNG to reply the letter they are strongly maintaining a capital NO stance to siting the Drydock in Badagry.
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
News
FG Laments Low Patronage Of Made-In-Nigeria Products

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
News
Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.
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