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Fuel Price / Electricity Tariff Hike: We Are Not In Banana Republic – TUC

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The Trade Union Congress, TUC, has blasted the Head of Service of the Federation, Dr Folasade Yemi Esan for warning civil servants against participating in the planned nationwide strike proposed by the Organised Labour.
TUC Chairman in Kogi State, Comrade Ranti Ojo, while speaking to newsmen yesterday, 24 hours to the proposed nationwide protest, insisted that the Federal Government has no right to threaten workers who are fighting for their rights in the country.
Comrade Ojo lamented the poor standard of living of many workers, stressing that Nigeria is not a banana republic where people can not speak when their rights are infringed on.
He said there is no going back on Monday’s nationwide protest, admonishing workers across the 774 Local Government Area in the country to disregard the warning coming from the Head of Service. Comrade Ojo explained that many top politicians revolted against former President Goodluck Jonathan when he increased the pump price of petrol.
“They were the ones that championed that protest castigating the administration of Jonathan for increasing the price of petrol. Now that they are ruling, the rhythm has changed. The price of petroleum at that time and now is doubled.
“The Head of Service knows she is not using her personal money to buy fuel in her car or pay the light bill. This is not what President Buhari promised us when we elected him in 2015. Nigerians are suffering, people are dying every day. Instead of this government to come up with palliatives that would reduce the suffering of the masses as a result of the COVID-19 pandemic, they are inflicting more pain on the people.
“This is total wickedness on the part of this government. Provided we are not violating the law of the land, the nationwide protest and strike will hold. Nothing can stop us. Here in Kogi, we have mobilised our workers for the mother of all protests on Monday.
When asked if the strike would still hold after a court order restraining the NLC and TUC from embarking on any form of industrial action pending the hearing and determination of a motion on notice, Comrade Ojo said”, labour is yet to receive or see any court order to that effect”.
“We don’t know what the court order entails. But one thing stands clear, we are not in a banana republic. This nation is governed by law and I know the supreme law of the land is the Nigeria constitution. I know the constitution has given not only the labour organization but all citizens of this country the right to protest. It is not the first time this is happening.
“There was a time under former President Olusegun Obasanjo, the Federal Government took the case to court. The Federal Government was represented by Afe Babalola (SAN), while the labour movement was represented by Femi Falana, (SAN). In that ruling by the supreme court, it was expressly stated that the right of citizens to protest cannot be caged. The court also affirmed that the act of protest is lawful.
‘We are standing under the platform of the constitution of the Federal Republic of Nigeria, which is binding on every individual, including Mr President and the Head of Service. We as the labour movement, we are law-abiding. Like I told you, we have not been served, we have not seen any order and we don’t know what the ruling contains.
“At the state council, we take directives from the National secretariat. We are mobilizing our members and we are battle-ready to hit the streets on Monday to protest the satanic act of the present administration.

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Bayelsa Begins EIA On 60MW Power Plant

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The Bayelsa Electricity Company Ltd, in collaboration with the Federal Ministry of Environment, on Friday, commenced the Environmental Impact Assessment (EIA) for the proposed 60-megawatt (MW) power plant.
The Tide’s source reports that the power plant project, led by the Bayelsa State Government, is in Elebele, on the outskirts of Yenagoa, the state capital.
The source also reports that the State Governor, Douye Diri, had announced plans to establish an independent power project to end the state’s reliance on the national grid and provide an uninterrupted power supply across Bayelsa.
The Director of Operations at the Bayelsa Electricity Company Ltd., Steve Bubagha Jnr., conducted the Minister of Environment, Balarabe Lawal, and his team around the project site.
Mr. Bubagha explained that the company planned to install a 60MW “plug and play” gas-fired turbine that would receive gas feed from the Oando gas manifold in Elebele.
He said the land area for the project is approximately 5.8 hectares, with 2.1 hectares currently being used.
“The Independent Power Plant is officially known as the ‘Yenagoa Power Project. This is a ‘Plug and Play’ Gas Turbine.
“What we mean by ‘plug and play’ is that the turbine is already set to be installed upon arrival from the manufacturers.
“We are only working on other components, so the turbine should be running in less than two years, or at most, in two years”, Bubagha explained.
Following the site visit, the environment minister, represented by Adimchinobi Okereke, emphasised that the purpose of the visit was to ensure the EIA process adhered to standard guidelines before granting final approval to the project.
He lauded the state government for initiating the project, noting that once completed, it would benefit Bayelsa and contribute to solving Nigeria’s power supply challenges.
Azibola Inegite, a professor and Dean of the Faculty of Science at Niger Delta University, and the EIA consultant for the project, assured that international best practices would be followed in conducting the EIA.
He emphasised that the EIA was essential for the successful execution of impactful land and environment-related projects.
On his part, the technical adviser on Print Media/Public Affairs to Governor Diri, Wisdom Ikuli, commended the Governor for his vision in executing the project.
He stated that the 60MW power plant would help reduce the state’s frequent power outages and boost business growth, thereby accelerating industrialisation.
A key part of the minister’s visit was the “Stakeholders Engagement Scoping Workshop for Environmental Impact Assessment of Proposed Gas Powered Plant and Gas Delivery Pipeline in Bayelsa State”.
The workshop brought together stakeholders from Elebele, whoch include the host community, and Kpansia, an impacted community in Yenagoa Local Government Area.

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Firm Unveils Solutions To Oil Logistics Challenges

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A firm, Fortune Global Shipping and Logistics Limited, said it has concluded plans to unveil an excellent and cost-effective logistics solution for oil and gas logistics, project cargo, customs clearance, consolidation, and construction, among others, in Lagos State.
Announcing this in a statement on Friday, the company said the initiative would be unveiled during the 2025 Sub-Saharan Africa International Petroleum Exhibition and Conference.
It stated that the event is billed to take place in Lagos this week.
SAIPEC is an annual global event which focuses on harnessing a sustainable African energy industry through partnerships.
Fortune Global explained that the exhibition promises to engage with other key industry stakeholders, decision-makers, and experts across Sub-Saharan Africa’s energy supply and value chain.
“We invite you to experience more and find out about Fortune Global’s latest innovations in oil and gas logistics. Connect with Fortune Global Shipping and Logistics Limited at the Exhibition Booth N21, Eko Convention Centre, in Lagos”, the statement stated.

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Nigeria, Still Africa’s Largest Economy – World Bank

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Nigeria remains the largest economy in Africa going by Gross Domestic Product (GDP), in spite of the challenges faced by yhe country’s private sector.
World Bank’s Country Director for Nigeria, Dr. Ndiame Diop, who confirmed this at the Country Private Sector Diagnostic (CPSD) and Stakeholder Engagement in Abuja, Friday, said while Nigeria receives far less Foreign Direct Investment (FDI) than its potential warrants, especially in comparison to countries like Indonesia and South Africa, it continues to hold its position as Africa’s biggest economy.
He said the CPSD report, set to be released in the coming weeks, will reveal the impact of private sector constraints on economic growth.
Diop noted that if targeted actions were taken to remove these obstacles, Nigeria’s economic potential would be significantly enhanced.
He explained that the current macroeconomic reforms have created a favourable environment for such changes.
He cited the country’s recent economic stabilization measures, particularly exchange rate market adjustments and improved access to foreign exchange, as critical steps that have already enhanced investment conditions.
The Country Director outlined four key sectors where strategic reforms could unlock massive investment and job creation.
He stayed that in the Information Communication Technology (ICT) sector, investment opportunities worth up to $4 billion could be realized, potentially creating more than 200,000 jobs.
In agribusiness, reforms could unlock $6 billion in investment and generate over 275,000 jobs.
The solar photovoltaic (PV) industry holds the potential for $8.5 billion in investment and more than 129,000 jobs, while the pharmaceutical sector could attract $1.6 billion and create more than 30,000 to 40,000 jobs.
For the ICT sector, he identified the high, unpredictable, and inconsistent right-of-way fees, levies, and informal charges, comprising 30 to 70 per cent of broadband rollout costs, as a major barrier.
According to him, addressing these regulatory inconsistencies would be a game-changer for broadband expansion.
He acknowledged that the National Economic Council has recognized this issue and that progress is being made through a World Bank-supported initiative.
He also noted challenges such as vandalism, limited financing for rural broadband expansion, and the need for competitive access to wholesale fiber.
Dr. Diop further noted that efforts are underway in collaboration with government agencies to resolve these issues, and the World Bank, the International Finance Corporation (IFC), and private investors are prepared to support broadband infrastructure development.
On solar power, Diop described Nigeria’s energy sector as difficult but noted that renewable energy access, particularly solar PV, has been a bright spot.
He explained that private sector investment in renewable energy has historically been hindered by high costs and unviable tariffs.
However, blended finance mechanisms supported by the World Bank and IFC have helped bridge this gap, making off-grid solutions more viable.
He noted the DES project, which aims to connect 17.5 million households and businesses to solar power, as evidence of growing private sector interest.
While the solar industry is expanding, he stressed that reforms to improve Nigeria’s grid electricity supply remain crucial for industrialization.
On her part, the Regional Director for Central Africa and Anglophone West Africa at the IFC, Dr. Dahlia Khalifa, stressed the importance of consistency in regulatory policies, particularly in customs duties and revenue agency fees.
She noted that unpredictability discourages private sector investment, as businesses rely on stable regulatory environments for strategic planning.

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