Connect with us

Business

Bureau Hails FG Over 5% PSC Approval

Published

on

The Accident Investigation Bureau (AIB), has lauded the Federal Government for approving that five per cent of the revenue from Passengers Service Charge (PSC) should be remitted to the bureau.
The approval for the remittance of the revenue, collected by the Federal Airports Authority of Nigeria (FAAN), was given by the Minister of State for Aviation, Sen. Hadi Sirika.
The Tide source reports that the AIB Commissioner, Mr Akin Olateru, made the disclosure when he spoke to newsmen recently at the bureau’s headquarters at the Murtala Muhammed Airport, Lagos.
Olateru decried the criticisms that had trailed the move from a section of the aviation industry, noting that several AIB projects had been stalled because of paucity of funds.
He said, “Anybody that says it is not fair for us to get a part of the PSC is wicked because who owns the two agencies? It is the Federal Government.
“We all share the Ticket Sales Charge (TSC) and FAAN doesn’t share its PSC with anybody and the government in its wisdom says ‘FAAN, please give AIB five per cent.’ I don’t think that is too much. It is within the power of the minister to do that.’’
He said the AIB only gets a meagre three per cent of the revenue from the five per cent TSC and the Cargo Sales Charge (CSC) collected on behalf of the parastatal agencies by the Nigerian Civil Aviation Authority (NCAA), while other agencies get more.
According to him, NCAA in accordance with the Civil Aviation Act 2006, gets 58 per cent, while the Nigerian Airspace Management Agency (NAMA), earns 23 per cent.
Olateru added that, the Nigerian College of Aviation Technology (NCAT), gets seven per cent, while the Nigerian Meteorological Agency (NIMET), earns 9 per cent of the total sum.
He noted that of the agencies in the sector, only FAAN earns the PSC 100 per cent and still collects charges for adverts, parking and landing of aircraft and tolls from vehicles coming in and exiting the airports across the country.
The AIB commissioner said paucity of funds had stalled the release of the over 35 accident investigation reports, due to non-training of accident investigators since 2013.
Meanwhile, a combined team of officials from Singapore and the International Civil Aviation Organisation (ICAO), have arrived in Nigeria on Sunday to assist AIB in the technical evaluation of its Flight Safety Laboratory and capacity development.
Olateru, who confirmed the development, said the Singaporean team was led by Mr Michael Toft, while Mr Caj Frostel led the ICAO team.
He said that Nigeria decided to call on Singapore for the training of its personnel on the equipment as the Asian country had the same equipment.
Olateru described the laboratory equipment as unique, noting that only Nigeria had the state-of-the-art facility among West African countries.
“We wrote to Singapore because they have the same equipment as ours and graciously, they have agreed to support us with the required manpower and training
“The team arrived Nigeria today (Sunday) and will be in Abuja to train us on how to get the best out of this equipment,’’ he said.
Olateru explained that ICAO wanted the entire West African countries to benefit from the laboratory, hence the presence of its team for the same purpose.
“This will really help AIB because at the end of the day, it is about building an institution.
“Building institutions is not just about buying equipment, throwing money at people; it is about giving them the right exposure, which goes a long way.
“To me, within the next two years, we will build a very strong institution in AIB, which can take the lead and support the entire West African countries.’’

Continue Reading

Business

NIGCOMSAT Seeks Policy To Harness AI Potentials 

Published

on

The Nigerian Communications Satellite Limited (NIGCOMSAT), the country’s satellite operator, has called for immediate promolgation of policy action that will enable the country to harness the potentials of Artificial Intelligence (AI).
NIGCOMSAT, also warned that Nigeria risks missing out on Africa’s projected $1.2trillion share of the global AI economy by 2030.
Managing Director of NIGCOMSAT, Nkechi Egerton-Idehen, disclosed this in a statement issued at the weekend following her participation in the Meeting of the National Council for Communications, Innovation, and Digital Economy.
“Artificial intelligence is reshaping industries, economies, and societies worldwide, with projections that it will contribute up to $15.7trillion to the global economy by 2030. Africa stands to gain $1.2trillion of this if the right policies and innovations are in place”, Idehen said, citing a PricewaterhouseCoopers report.
The NIGCOMSAT MD underscored the transformative potential of AI in agriculture, highlighting its applicability in Benue State, widely regarded as Nigeria’s “food basket.”
According to her, machine learning tools could revolutionize agricultural practices by improving pest detection and optimizing planting schedules using satellite imagery.
“AI offers us the chance to not only flourish economically but also to achieve food security. However, we must ask ourselves if we are prepared to manage this technology responsibly”, she added.
Idehen also noted that internet access remains a significant barrier to AI adoption in Nigeria.
“For AI tools to be effective, basic digital infrastructure is essential. Addressing this gap must be a priority.
“AI is happening. We have the opportunity to manage this technology revolution responsibly, both in Africa and globally, through innovation and governance”, she said.
In August 2024, the Federal Ministry of Communications, Innovation, and Digital Economy released a draft National Artificial Intelligence Strategy, aiming to position Nigeria as a global leader in AI.

Corlins Walter

Continue Reading

Business

We Have Spent N1bn On Electrification -LG Boss

Published

on

The Chairman of Emohua Local Government Council, Chief David Omereji, has said  the council has so far spent over N1 billion  for the electrification of communities in the area.
Omereji said this while addressing staff of the council at the council headquarters recently.
He said the move was part of his administration’s resolve to ensure  peace and development of the LGA.
According to him,  the Council spent about N29 million on monthly basis for the maintenance of the Emohua Local Vigilante group known as OSPAC, with each member being paid a stipend of N100, 000 monthly.
He diaclosed that 11 out of the 14 wards are currently enjoying electricity, while efforts are on to light-up the remaining ones.
“I also want to use this opportunity to inform the political class for purposes of records and for the understanding of the people that the Council under my watch have done more than enough”, he said .
The Emolga boss explained  that all that have been achieved  were through the personal effort of the Council, without support from anybody as rumoured in some quarters.
Omereji further reaveled that a number of other projects, including roads, fencing of schools, hospitals, courts premises, and reconstruction of some abandoned buildings at the Council Headquarters are being undertaken by his administration.
He enjoined the people of the area to support his administration’s drive to bring purposeful development to the LGA.
The Emohua Council boss, who reiterated his hatred for noise making, stated that  his  works would speak for him, and solicited the support of staff of the council and the entire people of the area.
He noted the fact that some people may not be happy with his achievements, saying that he would remain focused, while  advising critics of his government to do so constructively with facts and figures.

King Onunwor

Continue Reading

Business

Ogoni Rejects NNPC-Sahara  OML11 Deal … Wants FG’s Intervention

Published

on

The Movement for the Survival of the Ogoni People (MOSOP) has raised some ethical questions over a Financial and Technical Services Agreement (FTSA) between Sahara Energy and West African Gas Limited (WAGL), an affiliate of the Nigerian National Petroleum Company (NNPC).
MOSOP said the agreement was not done in good faith, not in the interest of the Nigerian people, and did not follow due process.
Foremost Ogoni born activist and  MOSOP  leader, Fegalo Nsuke, who made this known in Abuja, weekend, described the Sahara-WAGL deal as fraudulent, deceptive and an insult on the intelligence and integrity of the Nigerian nation.
Nsuke called on President Bola Ahmed Tinubu to cancel that FTSA between Sahara Energy and WAGL, noting that the agreement is fraught with irregularities and deceptive.
“What Sahara and the NNPC did in the FTSA between Sahara and WAGL is shameful and depicts high level corruption in public service of our country.
“WAGL is an affiliate of Sahara and the NNPC. How then can Sahara go into an agreement with its own affiliate? It’s as good as going into an agreement with itself. This is deceptive and fraudulent”, Nsuke said.
He continued that “Sahara Energy is certainly not a company the Ogoni people want on their soil and we are calling on Mr. President, Bola Ahmed Tinubu, to terminate any deal between the NNPC and Sahara Energy over OML 11, and to allow for an inclusive arrangement that considers a fair treatment of the Ogoni people in the distribution of revenues from natural resource extraction on Ogoni soil.
“The last Ogoni Congress has been unequivocal on the Ogoni demand for justice and has given a clear path to resolve the three decade old conflict between all critical parties.
“It will be good to explore this path to peace and development for Ogoni and for our country”.
Nsuke accused Sahara Energy and the NNPC of frustrating the progress made by MOSOP to achieve a permanent solution to the Ogoni problem.
He urged a presidential intervention with deep consideration for a fair treatment of the Ogoni people in order to permanently address the problem.
He noted that Sahara Energy should give up on the Ogoni area to allow for an engagement in the interest of the country and the people.
Recall that MOSOP and Sagara Energy have recently been engaged in a row in what MOSOP describes as an unholy relationship between Sahara Energy and the NNPC over OML 11.
MOSOP expressly rejected Sahara Energy and called for a fair treatment of the Ogoni people in natural resource extraction in Ogoni.
It noted that Ogoni people, led by MOSOP, paid the sacrifice to take the oil from Shell, hence “the position of MOSOP must be taken into consideration in decisions relating to resumption of oil production in Ogoni”.

Continue Reading

Trending