OGFZA: Nigeria's IOCs Shift Focus to Deeper Waters , Sustainable Energy

Mr. Bamanga Jada, the Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), has addressed misconceptions surrounding the departure of international oil companies (IOCs) from Nigeria.

Contrary to media reports, Jada clarified that rather than leaving the country, IOCs are strategically divesting into deeper waters and selling off offshore operations. He emphasized that these companies have a longstanding presence in Nigeria, spanning decades, during which they have played a significant role in developing local capacity and transferring technology to Nigerians.

During a televised interview in Lagos, Jada highlighted that IOCs are shifting their focus towards cleaner and more sustainable energy sources, particularly gas exploration in deeper waters within Nigeria’s oil and gas industry. He noted that companies like Shell are reducing investments in hydrocarbons to prioritize environmental concerns, aligning with global efforts to mitigate emissions and promote environmentally friendly energy sources.

Moreover, Jada expressed confidence in Nigeria’s ability to manage onshore downstream petroleum operations, emphasizing the government’s commitment to enhancing the ease of doing business. He cited ongoing discussions with key government officials to improve the efficiency of special economic zones, aiming to attract more investment and bolster infrastructure development.

In terms of specific investments, Jada mentioned that major companies like Shell and Total are actively involved in transitioning to cleaner energy solutions. These companies have pledged substantial investments in gas production, signaling their endorsement of the government’s economic policies and commitment to sustainable development initiatives.

Overall, Jada’s remarks underscored the continued presence and investment of IOCs in Nigeria’s energy sector, highlighting a strategic shift towards cleaner energy sources and technology transfer to support the country’s economic growth agenda.

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

BREAKING: 2Baba Shot Dead In Rivers State

A notorious cult leader and the prime suspect in the brutal murder of the late Divisional Police Officer, SP Bako Angbashim, in the state, Gift Okpara, popularly referred to as 2Baba, has been reportedly killed in a police-led major security raid. The police and other security agencies were said to have conducted land and aerial raids at the identical hideout of the Iceland cult leader and his gang at Idu-Ekpeye in Ahoada East local government area of Rivers on Saturday, February 17. According to The Nation , the Iceland cult leader was reportedly feared dead after the operation. Recall that in September 2023, the late DPO was ambushed and captured by the cult group led by 2Baba in the Odiemudie community, Ahoada East LGA. 2Baba and his gang then took the DPO to the forest, where they killed him and dismembered his body. The cultists then filmed him. Another source, Obi, said he saw no less than 15 vehicles and an Armored Personnel Carrier (APC) during th...

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