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Mobil, Other Oil Firms Not Exiting Nigeria -Kachikwu …As FG Gives Condition For Fuel Subsidy Removal

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The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says that no International Oil Company (ICO) is planning to exit Nigeria contrary to reports in some section of the media.
Kachikwu made this known while briefing newsmen after facility tour of ExxonMobil Erha Floating Production Storage and Offloading vessels (FPSO) in Lagos yesterday.
“I have confirmed that it is not true, there are going to be here for a long stay, they will be here over the next 50 years, they are looking for more, they are doing all kinds of things, they just begun the exploration campaign first time in four years because of the new cash call policies we put in place.
“That is not a sign of somebody who is exiting. But different from not exiting is to be aggressive. ExxonMobil needs to be more aggressive in terms of development policies,’’ he said
He added that ExxonMobil needs to be more aggressive with business as Bonga Southwest was almost on FID, Egina just kicked off and Agip is struggling to get Zabzaba online.
“So, I need to see a very robust development,’’ he advised
Mr Richard Laing, ExxonMobil Executive Director, Production commended the minister for making out time to visit the facility and reiterated that the company had no plans to exit Nigeria.
“We are happy with Nigeria, We have our differences, and we don’t agree on everything, we are happy and content. We are delighted over the minister’s visit and we are happy that he has come back to his spiritual home.
“As the minister said, the corporation has been here for many years, we intend to stay, we have ambitious growth programmes to build wealth and grow business to make more profit, key into the gas commercialisation project.
“We fully support what the minister said and we look forward to working with him,’’ he said.
Meanwhile, the Federal Government has given conditions for the removal of subsidy on premium motor spirit, also known as petrol.
The conditions include: provision of alternative cushioning measures mutually agreed between stakeholders to protect the economically vulnerable members of the population.
Finance Minister, Zainab Ahmed, stated this at the press briefing marking the end of the 2019 Spring Meetings of the World Bank and the International Monetary Fund, IMF, in Washington DC, USA, yesterday.
She however said the Federal Government is yet to arrive at such measures.
She said there is no immediate plan to remove fuel subsidy, contrary to speculations that have led to the emergence of fuel queues in some parts of the country.
According to her, “At the IMFC meetings, the Managing Director requested for a mandate to pursue some negotiations with Governors for temporary financing options for ensuring that the Fund remains adequately resourced by maintaining the current resource envelope of the Fund through borrowed resources. This arose partly due to the delay in completing the 15th general review of quotas.
“While Governors endorsed this position, we called for an ambitious timetable for the 16th General Review of quota which should result in increased quota shares for dynamic economies in line with their relative positions in the world economy, while protecting the voice and representation of the poorest members.”
She further called for the normalisation of trade relations among the contending parties and called for concerted efforts to support multilaterism and avoid protectionist sentiments.
She added, “There is no imminent plan to remove fuel subsidy. We are here to discuss with the global community on various policy issues.
“One of the issues that always come up in the report, especially by the IMF as a corporate body is how we handle fuel subsidies. IMF is saying fuel subsidies are better removed so that you can use the resources for other important sectors.
“In principle that is a fact. But in Nigeria, we don’t have plans to remove fuel subsidy at this time because we have not yet designed buffers that can enable us remove fuel subsidy and provide cushions for our people. So there is no plan to remove fuel subsidy.
“We will be discussing with various groups . If we have to, what are the alternatives? We have not yet found viable alternatives . So we are not yet at the point of removing fuel subsidy.
“We also met with the World Bank Power Sector team and discussed the way forward on the Proposed USD1 billion Nigeria Performance Based Loan (PBL). We agreed to bring relevant MDAs together to ensure that we advance this in a timely manner.
“We will also discuss the Country Portfolio Performance of Nigeria which currently stands at $9.8 billion with the Nigerian Country team at the World Bank and how we could manage the portfolio for optimum results.”

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Retirement: Ignore PSC’s Directive, Remain In Office, IGP Tells Officers 

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The Inspector General of Police, IGP Kayode Egbetokun, has instructed all police officers affected by the recent directive from the Police Service Commission (PSC) to disregard the order.

The PSC had directed officers who have served 35 years or reached 60 years of age to retire immediately.

A wireless message from the office of the Force Secretary, dated February 11, 2025, stated that the IGP “strongly directs all officers affected by the PSC’s directive to stay action, pending further instruction.” Officers were told to comply strictly with this order.

Last week, PSC spokesman Ikechukwu Ani, explained that the commission’s order followed a review of its previous stance from the 24th plenary meeting in September 2017, allowing force entrants to use their enlistment date rather than their initial appointment date.

The commission cited inconsistencies with Public Service Rule No. 020908, which mandates retirement after 35 years of service or upon reaching 60 years of age.

However, the PSC clarified that it does not have the constitutional authority to determine the appointment or retirement of IGP Egbetokun.

 

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Be Consoled, God Who Gives, Also Takes, Fubara Tells Principal Secretary 

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Rivers State Governor, Sir Siminalayi Fubara, has extolled the sterling motherly virtues of late Mama Ayebadieye Edward Igbeta, and urged the children not to deviate from those valuable lessons she had taught them.

 

Late Mama Ayebadieye Edward Igbeta (79 years) is the mother of Dr Ayebaesin Jacob Beredugo, the Principal Secretary to Governor Fubara.

 

The Rivers State Governor, who described Dr Beredugo as a brother,  trusted ally and key stakeholder of his administration, urged him to be consoled in God and bear the loss with fortitude.

 

Governor Fubara gave the advise at the funeral service in honour of late Mama Ayebadieye Edward Igbeta at the Cathedral Church of St Luke, Anglican Communion in Nembe City, Nembe Local Government Area of Bayelsa State yesterday.

 

The Rivers State Governor said: “We are here as a government to show that in this difficult time, we stand with him. We know that there is no consolation here that can fill the gap of this loss, more especially the loss of a mother.

 

“But, we want to draw his mind to the good Book: that it is the Lord that giveth, and it is also the Lord that taketh. And he takes for a reason.

 

“We live in a corrupt world, and when you are a saint in the world, when it pleases the Almighty and He believes that He doesn’t want you to be corrupted, He takes away the soul to a better place where death is no more, where you don’t have to look for food again, where you have peace.”

 

Governor Fubara expressed strong belief that given the way Mama had lived and the good virtues that had been read out and said about her, there is no doubt that she will be in a good side in heaven.

 

The Governor decried the current condition of the cathedral where the funeral service held and committed the support of the Rivers State Government to ensure the completion of the building in memory of late Mama Ayebadieye Edward Igbeta

 

“We have been made to understand that the Cathedral needs strong support. We are willing to support the completion of the Cathedral. We will support the building in memory of Mama with the sum of N50million”

 

Delivering the sermon on the topic; “Hope in the face of death”, Bishop of the Diocese of Western Izon, Rt. Rev. Victor Okporu, said those who are confidently expecting positive future must also believe in Jesus Christ, repent of their sins, and be prepared to spend eternity with Him.

 

Reading the biography of the late Madam Ayebadieye Edward-Igbeta, brother of the decreased, Mr Godwin Ekine, said his late sister was an embodiment of love, care, peaceful and kind-hearted, and touched lives through her generosity and compassion.

 

Friends and well-wishers from Bayelsa, Rivers and Delta states, some of whom shared fun memories of the late matriarch, were later hosted to a funeral reception at King Koko’s Square in Nembe Town.

 

Also at the burial were the State Deputy Governor, Prof Ngozi Odu; Speaker, Rivers State House of Assembly, Rt Hon Victor Oko-Jumbo; member representing Ikwerre/Emohua Federal Constituency in the National Assembly, Hon Boniface Emerengwa; and Chief of Staff, Government House, Dr Edison Ehie.

 

Others are Head of Service, Dr George Nwaeke; Attorney General and Commissioner for Justice, Dagogo Israel Iboroma, SAN, Dr Tamunosis Gogo-Jaja; Chief Hanny Woko; Amaopusenibo Fubara Hart; Chief Theodore Georgewill; members of the State Executive Council; Special Advisers; top politicians, leaders and stakeholders in the State; among others.

 

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Old Boys Plan Rehabilitation Of GSS, Okehi

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The Chairman of the Old Boys Association of Government Secondary School (GSS), Okehi Etche, Rivers State, Prof. Sir, Umunna Offor, has stated that the association would soon visit their alma-mater and rehabilitate decayed infrastructure and facilities in the compound.
The chairman made this assertion while speaking with some newsmen after an extensive meeting of the Old Boys in Port Harcourt, recently.
Sir Offor stated that since they left the secondary school, some years ago, most of the facilities and infrastructure built by then Rivers State Government had decayed and worn out.
“ However, being responsible ambassadors and Old Boys of the college, we would not fold our arms and expect government to rebuild everything in the school compound, hence, we have decided to come together and graciously assist our alma mater’, he said.
“The meeting was basically for like-minds to gather to find a way to help the school, it is a thing of joy to see and receive old school friends and comrades who have gone far in life and have excelled in their respective chosen fields”.
Speaking in the same vein, Engr, Lasbrey Amadi; (FNSE), who is also an old boy and former member of the House of Representatives, said the association would be working in synergy with the administrators of the school to ensure that in no distant time; there would be a massive face-lift in the physical infrastructure in the school compound.
Veering into politics in Nigeria of today, Engr, Amadi, said that god-fatherism in politics had seriously killed the gains and beauty of democracy in Nigeria and quickly urged politicians to always play-down the issue of god-fatherism in politics and ensure good governance in the country.
In his comment, the Public Relations Officer (PRO) of the Association, Mr Goodluck Nwaobilor, said the door of the association is still wide open for new members who finished from the school to join and work towards taking the association to higher level.

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