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Stakeholders, Gov’t must collaborate to Protect Oceans- NIOMR Boss

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  • As Amaechi says S-East states included in the $5.8bn loan rail projects

Relevant stakeholders must collaborate with the Nigerian Government on protection and promotion of the oceans, if the citizens’ hope of optimising its accruable benefits would be timely attained.

The Executive Director of the Nigerian Institute for Oceanography and Marine Research (NIOMR), Dr Gbola Akande indicated this on Thursday during a Symposium organised by NIOMR to mark the 2017 World Oceans Day with the theme: “Our Oceans, Our Future’’.

“Life on earth depends on the oceans and a healthy ocean is central to human existence” he posited, noting that the major source of human proteins is actually the oceans.

“Oceans serve as the world’s largest source of protein, feeding over three billion people who depend on the oceans as their primary source of protein.

“Ocean activities employ millions of workers and generates trillions of dollars in the world economy.

“Equally important is the role oceans play in absorbing about 30 per cent of carbon dioxide produced by humans, thereby buffeting the impact of global warming.

“And today, the ocean is under tremendous pressure from human activity, including unsustainable and illegal fishing, marine pollution and climate- related impact,’’ he stated, drawing attention to unsustainable and illegal fishing as a global problem that threatened ocean ecosystems and sustainable fisheries.

He lamented that though the oceans had provided immense blessings to inhabitants on the land, the good gesture had not been reciprocated, as he noted that for marine pollution, majority of which come from land- based sources had reached alarming levels with about 13,000 pieces of plastics litter to be found on every square kilometer of the ocean.

Akande who believed that the physical impact of climate change could be seen in the fish migration and oceanic acidification, also observed that with these negative impacts on the oceans, there was now an urgent need for people to come together and protect the oceans.

According to him, the reason is that the oceans are our common heritage and the oceans are absolutely essential for life.

Akande said that not only food, but the oxygen and weather cycles of the planets all depended on the oceans.

Dr Femi Oyediran, an environmental management expert, said that the ocean’s resources could be effectively managed to pull the country out of recession.

According to him, there are lots of opportunities in the oceans that can help our national development, but individuals are exploiting them to the detriment of the nation.

Oyediran posited that the World Oceans Day celebration was a timely clarion call on governments to put laws and enforcement mechanisms together to gain from ocean resources in a sustainable way.

In the meantime, Minister of Transportation, Chibuike Amaechi, yesterday, debunked the allegation of non-inclusion of South-East states in the rail line projects of the railway networks across the country for which $5.8 billion loan is being sought from China.

Amaechi, who spoke during the hearing organised by the Senate Committee on Local and Foreign debts also explained the technicalities of the rail-line project before the loan request from the China Exim Bank can get the approval of the lawmakers.

The minister further explained that former presidents Olusegun Obasanjo and Goodluck Jonathan had already applied for the loan while the present administration wants to implement it.

According to the minister, “I do not know where the information that the South East States were excluded in the rail projects is coming from.”

Amaechi also explained that the two major rail projects of the Federal Government are  the coastal rail project, which is from Lagos to Calabar traversing Lagos-Ore-Benin City-Sapele-Warri-Yenegoa with sidings to Otuoke, Port Harcourt, Aba, Uyo, Calabar and branch line from Benin-City, Abudu, Onitsha including Onitsha rail bridge.

He said: “There is the Lagos-Kano rail project, which traverses Lagos-Abeokuta, Ibadan, Osogbo, Ilorin, Jebba, Minna, Kaduna, Zaria, Kano with branch line from Minna and Abuja and Abuja/Kaduna.

“There is also the coastal rail project from Lagos-Calabar, which traverses Lagos-Sagamu-Ore-Benin City-Sapele-Warri-Yenagoa. “The coastal rail line already has its route alignment passing through Aba in Abia State and Onitsha in Anambra State, both of which are in the South East geopolitical zone.”

The minister debunked the allegation of non- inclusion of the South-East states against the argument of Senator Enyinnaya Abaribe (PDP, Abia South) who resolved that the loan would not be considered except all regions were carried along in the utilisation of the loan.

He said: “The loan being a Federal Government loan would be paid by all sections of the country. Therefore, every section of the country should be taken into consideration. For the railway project to have meaningful impact on the development of the country, it should cover all parts of the country.”

While agreeing with Abaribe’s argument that there was no reason why the South-East should be excluded from the rail project, since it would be part of the repayment, Amaechi stated that it would be wrong for anybody to say that the South-East states were not included in the rail-line projects.

Chairman of the Senate Committee on Local and Foreign Debts, Senator Shehu Sani told the minister that he was invited to explain the technical details of the rail-line project, which he said the Minister of Finance, Mrs Kemi Adeosun, could not answer due to the technicalities involved. Sani said the minister’s explanation would assist the senate to take decision on the loan request.

Additional report from Vanguard

Economy

Nigeria Loses 50% Of Agricultural Produce Post-harvest – FAO

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Nigeria Loses 50% Of Agricultural Produce Post-harvest – FAO

Mr Ibrahim Ishaka, Food System/Nutrition Specialist at the Food and Agriculture Organisation (FAO) of the United Nations, revealed that Nigeria loses around 50% of its agricultural products along the food supply chain.

Ishaka disclosed this in an interview with the Newsmen on the sidelines of an FAO-organised training in Yola on Saturday.

He explained that food waste posed significant challenges to Nigeria’s agricultural sector, impacting food security, economic growth, and environmental sustainability.

“Some of these challenges include technological barriers, inefficient harvesting techniques, pest infestations, and lack of access to modern farming tools, all of which contribute to losses during harvest, largely influenced by consumer behaviour,” he said.

Ishaka further highlighted additional factors contributing to post-harvest losses, including inadequate storage facilities, poor handling practices and poor transportation infrastructure.

“These factors result in significant losses, especially for perishable goods such as fruits and vegetables.

He also noted that inefficient food processing methods, improper packaging, inadequate storage, and unhealthy consumption habits further exacerbate food waste.

“The nutrition expert highlighted several FAO initiatives promoting nutritious and sustainable practices within communities, focusing on reducing post-harvest losses, improving hygiene, and ensuring sanitation.

“These initiatives include investing in post-harvest infrastructure, building community capacity, training, and empowerment programmes, among others.

“I firmly believe that the key to empowering people, particularly in the northeast region, lies in giving them the power to make informed decisions and the power to educate others,” he said.

Ishaka mentioned the establishment of several FAO-supported centres that produce and distribute locally nutritious foods, such as ‘tom brown,’ to combat malnutrition and food insecurity in the region.

Ishaka mentioned the establishment of several FAO-supported centres that produce and distribute locally nutritious foods, such as ‘tom brown,’ to combat malnutrition and food insecurity in the region.

“These centres are run by local communities, promoting community-led initiatives to improve food security.”

He expressed optimism that the training would have a long-lasting impact on participants and their communities, enhancing overall well-being and food security through the adoption of best nutrition practices.

This initiative is part of the “Emergency Agriculture-Based Livelihoods Sustenance for Improved Food Security” programme, targeting Borno, Adamawa, and Yobe, with support from USAID. 

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Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report

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Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report

The Nigeria Extractive Industries Transparency Initiative (NEITI), says outstanding collectable revenues due to the Federal Government in the oil and gas industry have risen to 6.071 billion dollars and N66.4 billion as of June 2024, respectively.

NEITI disclosed this on Thursday in Abuja at the public presentation of its 2022 and 2023 Independent Oil and Gas Industry Reports.

It was reported that the report is being prepared by the NEITI Board and National Stakeholders Working Group (NSWG).

The report was unveiled by Mr Ola Olukoyede, Chairman, Economic and Financial Crimes Commission (EFCC), alongside Sen. George Akume, Secretary to the Government of the Federation and Chairman, NSWG, NEITI and other dignitaries.

The breakdown of the report showed that outstanding liabilities were 6.049 billion dollars and N65.9 billion in unpaid royalties and gas flare penalties, due to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as collectable revenues by Aug. 31, 2024.

It also provided a detailed analysis of the information and data regarding who owes what in outstanding revenues due to the government.

Oil, Gas Industry Owes FG $6bn, N66bn – NEITI Report
(L-R) Mr Ola Olukoyede, Chairman, Economic and Financial Crimes Commission (EFCC), with Sen. George Akume, Secretary to the Government of the Federation and Chairman, NSWG, NEITI and Mr Ikenga Ugochinyere, Chairman. House Committee on Downstream Petroleum

A further breakdown showed outstanding petroleum profit taxes, company income taxes, withholding taxes, and Value Added Tax  (VAT), due to the Federal Inland Revenue Service (FIRS), amounting to 21.926 million dollars and N492.8 million as of June 2024.

On fuel importation, the latest NEITI report disclosed that a total of 23.54 billion litres of Premium Motor Spirit (PMS) were imported into the country in 2022, while 20.28 billion litres were imported in 2023.

This represented a reduction of 3.25 billion litres, or a 14 per cent decline, following the removal of the fuel subsidy.

A detailed 10-year trend analysis (2014–2023) in the NEITI report showed that the highest annual PMS importation into the country, 23.54 billion litres, was recorded in 2022, while the lowest, 16.88 billion litres recorded in 2017.

The NEITI report also disclosed that a total of N15.87 trillion was claimed as under-recovery/price differentials between 2006 and 2023, with the highest amount, N4.714 trillion, recorded in 2022.

On crude production, fiscalised crude production in 2022 stood at 490.945 million barrels, compared to 556.130 million barrels produced in 2021, representing an 11 per cent decline.

However, in 2023, NEITI’s independent report revealed total fiscalised production of 537.571 million barrels, and 46.626 million barrels or a 9.5 per cent increase from total production recorded in 2022.

A 10-year trend (2014–2023) of fiscalised crude oil production in Nigeria showed the highest production volume of 798.542 million barrels was recorded in 2014, while the lowest, 490.945 million barrels, was recorded in 2022.

The NEITI report further provided detailed information and data on crude lifting, disclosing that in 2022, total crude lifting was 482.074 million barrels compared to 551.006 million barrels lifted in 2021.

“In 2023, total crude lifting stood at 534.159 million barrels, representing an 11 per cent increase of 58.08 million barrels,” the report stated.

On oil theft and crude losses, a total of 7.68 million barrels of crude were either stolen or lost in 2023, representing a significant drop of 79 per cent (29.02 million barrels) compared to 36.69 million barrels either stolen or lost in 2022.

NEITI’s independent industry report carefully reviewed all aspects of the regulatory framework for the oil and gas industry.

This included the legal framework, fiscal regime, roles of government entities and reforms, as well as laws, Petroleum Industry Act (PIA 2021) and regulations relating to addressing corruption risks in the oil and gas sector.

The event was supported by the European Union and the Rule of Law and Anti-Corruprion (RoLAC) programme being implemented by the International Institute for Democracy and Electoral Assistance (IIDEA). 

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Economy

EKO BRIDGE REPAIRS: LASG Rolls Out Diversion Plan Beginning Monday

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EKO BRIDGE REPAIRS; LASG Rolls Out Diversion Plan Beginning Monday

The Lagos State Government on Friday announced that traffic will be diverted away from Eko Bridge to facilitate emergency repairs by the Federal Ministry of Works. 

The diversion, according to the Commissioner for Transportation, Mr Oluwaseun Osiyemi, will commence on Monday, 16th September 2024, and will last for 8 weeks.

“The repairs will be carried out in four phases, during which the bridge will be intermittently fully or partially closed, depending on the work schedule”, Osiyemi stated, advising Motorists to use the following alternative routes during the repairs:

*Motorists heading to the Island from Funsho Williams Avenue can make use of the service lane at Alaka to connect to Costain and access Eko Bridge to continue their journeys.

*Alternatively, Motorists heading to the Island can access Costain to connect Eko Bridge to link Apongbon for their destinations.

*Motorists can also connect Apongbon inwards Eko Bridge to link Costain to access Funsho Williams Avenue.

*Motorists can also make use of Costain inwards Alaka/Funsho Williams Avenue or alternately go through Apapa Road from Costain and link Oyingbo to access Adekunle to link Third Mainland Bridge for their desired destinations.

*In the same vein Motorists heading to Surulere are advised to use Costain to link Breweries inward to Abebe Village to connect Eric Moore/Bode Thomas to get to their destinations.

The Commissioner for Transportation, Mr Oluwaseun Osiyemi, assures that Lagos State Traffic Management Authority officers will be deployed to the rehabilitation areas and alternative routes to minimize travel delays and inconvenience.

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