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  •  Shareholders of Nigerian Exchange Group Plc NGX Group on Friday approved resolutions by the company s Board of Directors to re elect Mr Apollos Ikpobe and Dr Okechukwu Itanyi as non executive directors They both retired by rotation before their re election as non executive directors The shareholders gave their approval during the 61st Annual General Meeting AGM of the NGX Group in Lagos Also Prof Enase Okonedo s resignation was earlier approved by the board and as such she was not presented for re election Other resolutions adopted at the AGM included the appointment of Ernst amp Young as NGX Group s external auditors the Board s authority to fix the audit company s remuneration Also approved is the disclosure of NGX Group s executive remuneration and the re election of the Statutory Audit Committee The Chairman of NGX Group Mr Abimbola Ogunbanjo who was due for re election for a period of one year until the next AGM in 2023 voluntarily retired from the board and did not present himself for re election Also four non executive directors of the board were re elected including Mrs Fatimah Bintah Bello Ismail Mr Oluwole Adeosun Mr Chidi Agbapu and Mr Patrick Ajayi To allow for wider consultations and further engagement with shareholders the special business to raise funds of up to N35 billion for business expansion was not presented Commenting at the AGM Ogunbanjo thanked shareholders for working assiduously with the Board and Management of the Group in delivering the dividends of demutualisation He also commended them for enhancing shareholders value and for attaining many firsts during his term in office He stated We released our dividend policy in line with our mandate to shareholders after the completion of our recent extraordinary general meeting We also created a revised corporate governance framework already approved by shareholders and consistent with securities regulations to realign the interests of all stakeholders In closing I would like to thank the Board and Management of NGX Group for their support since I assumed office as Chairman of the Group in 2021 As I retire from the Board I trust that my successor will continue the legacy of service and bring greater accomplishments as the sustainable exchange group championing Africa s socio economic growth Mr Oscar Onyema Group Managing EXecutive Officer NGX Group noted that the Group recorded 22 per cent increase in profitability 13 per cent increase in gross earnings and 14 9 per cent growth in revenue He noted that the Group intended to enhance its performance going forward and called for support from all stakeholders After the AGM the Board of Directors appointed Mr Apollos Ikpobe as Acting Chairman who said he recognised the enormous responsibility associated with the role Ikpobe pledged to work with all stakeholders to ensure the stability and growth of the company during this transition On behalf of the board I thank Mr Ogunbanjo for his selfless service to the company over the years he said NewsSourceCredit NAN
    NGX Group’s shareholders re-elect non-executive directors
     Shareholders of Nigerian Exchange Group Plc NGX Group on Friday approved resolutions by the company s Board of Directors to re elect Mr Apollos Ikpobe and Dr Okechukwu Itanyi as non executive directors They both retired by rotation before their re election as non executive directors The shareholders gave their approval during the 61st Annual General Meeting AGM of the NGX Group in Lagos Also Prof Enase Okonedo s resignation was earlier approved by the board and as such she was not presented for re election Other resolutions adopted at the AGM included the appointment of Ernst amp Young as NGX Group s external auditors the Board s authority to fix the audit company s remuneration Also approved is the disclosure of NGX Group s executive remuneration and the re election of the Statutory Audit Committee The Chairman of NGX Group Mr Abimbola Ogunbanjo who was due for re election for a period of one year until the next AGM in 2023 voluntarily retired from the board and did not present himself for re election Also four non executive directors of the board were re elected including Mrs Fatimah Bintah Bello Ismail Mr Oluwole Adeosun Mr Chidi Agbapu and Mr Patrick Ajayi To allow for wider consultations and further engagement with shareholders the special business to raise funds of up to N35 billion for business expansion was not presented Commenting at the AGM Ogunbanjo thanked shareholders for working assiduously with the Board and Management of the Group in delivering the dividends of demutualisation He also commended them for enhancing shareholders value and for attaining many firsts during his term in office He stated We released our dividend policy in line with our mandate to shareholders after the completion of our recent extraordinary general meeting We also created a revised corporate governance framework already approved by shareholders and consistent with securities regulations to realign the interests of all stakeholders In closing I would like to thank the Board and Management of NGX Group for their support since I assumed office as Chairman of the Group in 2021 As I retire from the Board I trust that my successor will continue the legacy of service and bring greater accomplishments as the sustainable exchange group championing Africa s socio economic growth Mr Oscar Onyema Group Managing EXecutive Officer NGX Group noted that the Group recorded 22 per cent increase in profitability 13 per cent increase in gross earnings and 14 9 per cent growth in revenue He noted that the Group intended to enhance its performance going forward and called for support from all stakeholders After the AGM the Board of Directors appointed Mr Apollos Ikpobe as Acting Chairman who said he recognised the enormous responsibility associated with the role Ikpobe pledged to work with all stakeholders to ensure the stability and growth of the company during this transition On behalf of the board I thank Mr Ogunbanjo for his selfless service to the company over the years he said NewsSourceCredit NAN
    NGX Group’s shareholders re-elect non-executive directors
    Economy4 days ago

    NGX Group’s shareholders re-elect non-executive directors

    Shareholders of Nigerian Exchange Group Plc (NGX Group) on Friday approved resolutions by the company’s Board of Directors to re-elect Mr Apollos Ikpobe and Dr Okechukwu Itanyi as non-executive directors.

    They both retired by rotation before their re-election as non-executive directors.

    The shareholders gave their approval during the 61st Annual General Meeting (AGM ) of the NGX Group in Lagos.

    Also, Prof. Enase Okonedo’s resignation was earlier approved by the board and as such she was not presented for re-election.

    Other resolutions adopted at the AGM included the appointment of Ernst & Young as NGX Group’s external auditors; the Board’s authority to fix the audit company’s remuneration.

    Also approved is the disclosure of NGX Group’s executive remuneration and the re-election of the Statutory Audit Committee.

    The Chairman of NGX Group, Mr Abimbola Ogunbanjo, who was due for re-election for a period of one year, until the next AGM in 2023, voluntarily retired from the board and did not present himself for re-election.

    Also four non-executive directors of the board were re-elected, including Mrs Fatimah Bintah Bello-Ismail, Mr Oluwole Adeosun, Mr Chidi Agbapu, and Mr Patrick Ajayi.

    To allow for wider consultations and further engagement with shareholders, the special business to raise funds of up to N35 billion for business expansion was not presented.

    Commenting at the AGM, Ogunbanjo thanked shareholders for working assiduously with the Board and Management of the Group in delivering the dividends of demutualisation.

    He also commended them for enhancing shareholders’ value and for attaining many firsts during his term in office.

    He stated, “We released our dividend policy in line with our mandate to shareholders after the completion of our recent extraordinary general meeting.

    “We also created a revised corporate governance framework, already approved by shareholders and consistent with securities regulations to realign the interests of all stakeholders.

    “In closing, I would like to thank the Board and Management of NGX Group for their support since I assumed office as Chairman of the Group in 2021. “As I retire from the Board, I trust that my successor will continue the legacy of service and bring greater accomplishments as the sustainable exchange group championing Africa’s socio-economic growth.

    ” Mr Oscar Onyema, Group Managing EXecutive Officer, NGX Group, noted that the Group recorded 22 per cent increase in profitability, 13 per cent increase in gross earnings, and 14.9 per cent growth in revenue.

    He noted that the Group intended to enhance its performance going forward and called for support from all stakeholders.

    After the AGM, the Board of Directors appointed Mr Apollos Ikpobe as Acting Chairman, who said he recognised the enormous responsibility associated with the role.

    Ikpobe pledged to work with all stakeholders to ensure the stability and growth of the company during this transition.

    “On behalf of the board, I thank Mr Ogunbanjo for his selfless service to the company over the years,” he  said.


    NewsSourceCredit: NAN

  •  Mr Obafunso Ogunkeye the Chairman Board of University Press Plc on Thursday narrated to the stakeholders how the company managed the challenging times brought by the global COVID 19 pandemic Ogunkeye spoke in Ibadan on Thursday at the Annual General Meeting AGM of the company for the Year 20212022 where he declared a dividend of 10k per share for the financial year 20212022 that ended on March 31 2022 He said that in spite of the pandemic the company s board and management team were able to conserve the resources for its sustainability So the outcome we have seen today at the AGM amounts to the dedication of staff the management and the active direction of the board in ensuring that the business should be sustained and it was indeed sustained We are quite happy with the results and the shareholders are quite delighted because expectations were low since we were just came back from the lockdown Ogunkeye said He expressed optimism for the new financial year in spite of being an election year Ogunkeye assured stakeholders that the recent Central Bank of Nigeria CBN s policy on interest rate would not affect the company since it was not operating on loans but its reserve We limited the amount we paid out as dividends to conserve funds that can be deployed into servicing our customers without depending on banks the chairman said Also Mr Samuel Kolawole the Managing Director University Press Plc said the company operated in the past year under very challenging circumstances According to him this was due to the effect of foreign exchange and its uncertainty has had adverse effects on some businesses in Nigeria He said that for publishing most of the raw materials were imported The papers inks and most of the inputs while the prices of these went up the value of naira went down drastically and this affected our operations Our cost rose and it became more challenging and the chain of distribution was disrupted in getting raw materials to be able to print our books The inflation in the country is also telling on us because it has also led to an increase in the cost of input that we used It has also affected the purchasing power of our customers And so we have had to struggle with all the difficulties but we are happy that despite that we are able to do well Kolawole said Responding on behalf of the shareholders Mr Eric Akinduro the Chairman Ibadan Zone Shareholders Association commended the board and management of the company for making it viable and thriving in spite of the challenging times Akinduro said For a successful company we need to look at the people who are at the helms of that company We appreciate them for being proactive to the business and that is why we are able to have regular dividends every year Though it is not a big dividend when it is regular and comes frequently and consistently we are quite sure that we will get something We thank God that the company is still existing despite the fact that we have a very tough and turbulent period He however decried the high rate of dividends saying the regulators should ensure that they give shareholders their dividends instead of keeping it NewsSourceCredit NAN
    How we survived challenging pandemic times, says University Press Board Chairman
     Mr Obafunso Ogunkeye the Chairman Board of University Press Plc on Thursday narrated to the stakeholders how the company managed the challenging times brought by the global COVID 19 pandemic Ogunkeye spoke in Ibadan on Thursday at the Annual General Meeting AGM of the company for the Year 20212022 where he declared a dividend of 10k per share for the financial year 20212022 that ended on March 31 2022 He said that in spite of the pandemic the company s board and management team were able to conserve the resources for its sustainability So the outcome we have seen today at the AGM amounts to the dedication of staff the management and the active direction of the board in ensuring that the business should be sustained and it was indeed sustained We are quite happy with the results and the shareholders are quite delighted because expectations were low since we were just came back from the lockdown Ogunkeye said He expressed optimism for the new financial year in spite of being an election year Ogunkeye assured stakeholders that the recent Central Bank of Nigeria CBN s policy on interest rate would not affect the company since it was not operating on loans but its reserve We limited the amount we paid out as dividends to conserve funds that can be deployed into servicing our customers without depending on banks the chairman said Also Mr Samuel Kolawole the Managing Director University Press Plc said the company operated in the past year under very challenging circumstances According to him this was due to the effect of foreign exchange and its uncertainty has had adverse effects on some businesses in Nigeria He said that for publishing most of the raw materials were imported The papers inks and most of the inputs while the prices of these went up the value of naira went down drastically and this affected our operations Our cost rose and it became more challenging and the chain of distribution was disrupted in getting raw materials to be able to print our books The inflation in the country is also telling on us because it has also led to an increase in the cost of input that we used It has also affected the purchasing power of our customers And so we have had to struggle with all the difficulties but we are happy that despite that we are able to do well Kolawole said Responding on behalf of the shareholders Mr Eric Akinduro the Chairman Ibadan Zone Shareholders Association commended the board and management of the company for making it viable and thriving in spite of the challenging times Akinduro said For a successful company we need to look at the people who are at the helms of that company We appreciate them for being proactive to the business and that is why we are able to have regular dividends every year Though it is not a big dividend when it is regular and comes frequently and consistently we are quite sure that we will get something We thank God that the company is still existing despite the fact that we have a very tough and turbulent period He however decried the high rate of dividends saying the regulators should ensure that they give shareholders their dividends instead of keeping it NewsSourceCredit NAN
    How we survived challenging pandemic times, says University Press Board Chairman
    Economy5 days ago

    How we survived challenging pandemic times, says University Press Board Chairman

    Mr Obafunso Ogunkeye, the Chairman, Board of University Press Plc, on Thursday narrated to the stakeholders how the company managed the challenging times brought by the global COVID-19 pandemic.

    Ogunkeye spoke in Ibadan on Thursday at the Annual General Meeting (AGM) of the company for the Year 20212022, where he declared a dividend of 10k per share for the financial year 20212022 that ended on March 31, 2022. He said that in spite of the pandemic, the company’s board and management team were able to conserve the resources for its sustainability.

    “So, the outcome we have seen today at the AGM, amounts to the dedication of staff, the management and the active direction of the board, in ensuring that the business should be sustained and it was indeed sustained.

    “We are quite happy with the results and the shareholders are quite delighted, because expectations were low since we were just came back from the lockdown,” Ogunkeye said.

    He expressed optimism for the new financial year in spite of being an election year.

    Ogunkeye assured stakeholders that the recent Central Bank of Nigeria (CBN)’s policy on interest rate would not affect the company since it was not operating on loans, but its reserve.

    “We limited the amount we paid out as dividends to conserve funds that can be deployed into servicing our customers without depending on banks,” the chairman said.

    Also, Mr Samuel Kolawole, the Managing Director, University Press Plc, said the company operated in the past year under very challenging circumstances.

    According to him, this was due to the effect of foreign exchange and its uncertainty has had adverse effects on some businesses in Nigeria.

    He said that for publishing, most of the raw materials were imported.

    “The papers, inks and most of the inputs, while the prices of these went up, the value of naira went down drastically and this affected our operations.

    “Our cost rose and it became more challenging and the chain of distribution was disrupted in getting raw materials to be able to print our books.

    “The inflation in the country is also telling on us, because it has also led to an increase in the cost of input that we used.

    “It has also affected the purchasing power of our customers.

    “And so, we have had to struggle with all the difficulties, but we are happy that despite that we are able to do well,” Kolawole said.

    Responding on behalf of the shareholders, Mr Eric Akinduro, the Chairman, Ibadan Zone Shareholders’ Association, commended the board and management of the company for making it viable and thriving in spite of the challenging times.

    Akinduro said: “For a successful company, we need to look at the people who are at the helms of that company.

    “We appreciate them for being proactive to the business and that is why we are able to have regular dividends every year.

    “Though, it is not a big dividend, when it is regular and comes frequently and consistently, we are quite sure that we will get something.

    “We thank God that the company is still existing despite the fact that we have a very tough and turbulent period.

    ” He, however, decried the high rate of dividends, saying the regulators should ensure that they give shareholders their dividends, instead of keeping it.


    NewsSourceCredit: NAN

  •  The Chemical and Non Metallic Products Employer s Federation CANMPEF on Wednesday recommended some steps that the Federal Government should take to rejig the economy The CANMPEF President Chief Devakumar Edwin gave the recommendation at the 43rd Annual General Meeting AGM of the federation in Lagos Edwin said that to address the ongoing rise in unemployment government needed to provide incentives to sectors of the economy that had potential to generate huge employment figures According to him job creation should be given more focus in the nation s economic plans and agenda across the tiers of government While quoting data from the UN the CANMPEF president said that Nigeria was expected to be the world s third most populous country by 2050 with over 300 million people and 60 per cent of its population under 50 years Taking proactive actions government must throw its weight behind agriculture to provide raw material input for industries Manufacturing to produce finished goods for consumption and export Information Communications Technology ICT to enable process efficiency Power and energy sector for effective power up of industry and households as well as education and skills acquisition to improve the income earning potential of its citizens he said Edwin said that the recent huge emigration of young talents was another reason to address the unemployment concern to the sustainability of Nigeria s industrial sector By implication a looming draught in work age population may be inevitable Already some sectors such as health ICT and engineering are showing strains of lean workforce Edwin said He said that to increase the nation s foreign exchange earning opportunities all hands should be on deck to reverse the lingering resource through deliberate value addition agenda into raw materials and natural resources He advised policy makers to take cue from the Action Plan on Critical Raw Materials by the European Commission which was unveiled in September 2020 Edwin urged the government to consistently take on bold initiatives in collaboration with the private sector to reform the electricity sector He further said that the laudable Presidential Power Initiative launched in 2019 should be pursued vigorously to ensure timely and successful completion While our members through patriotic commitment navigate the tough current economic terrain our federation will continue to avail its platform to share knowledge and exchange information Drawing on lessons from year 2020 and 2021 we urge our members to digitally incorporate their business processes Focus on operational efficiency diversify supply sources backward and forward integration and cost management to create and compete favourably he added The CANMPEF Executive Secretary Mr Femi Oke said that its members have suffered many challenges in the year under review According to him some of the challenges include excruciating high cost of energy to power production and increasing cost of transportation air land and sea Others he said are difficulty in accessing required foreign exchange for raw materials purchase machineries and spare parts for production He said that seaport congestion and poor social infrastructure particularly energy road and security as well as taxes and levies duplication from the Federal State and Local Governments still persisted notwithstanding the harsh economic environment and escalating insecurity challenges Alluding to data from the Nigerian Security Tracker Oke said there were 2 943 abductions and 5 800 deaths due to insecurity between January and June 2021 He said that as part of efforts to resolve the challenges facing its members the federation embarked on the following advocacy visits and meetings We visited Gov Babajide Sanwo Olu of Lagos State Managing Director Nigerian Ports Authority and the General Manager Lagos State Environmental Protection Agency He said that as part of employee welfare and industrial relations CANMPEF in 2021 negotiated an end of service benefits and new collective agreement with the National Union of Chemical Footwear Rubber Leather and Non Metallic Product Employees It is CANMPEF expectation that government will continue to provide the enabling environment for the private sector to thrive and continue to provide the much needed employment he said The News Agency of Nigeria reports that the AGM elected members for the 20222023 year Those elected included President Chief Devakumar Edwin Group Executive Director Strategy Portfolio Development amp Capital Projects Dangote Group Plc and 1st Vice President Mr Rotimi Aluko Managing Director CEO Voda Paints Ltd As 2nd Vice President Mr Denis Simonin Managing Director Nigerite Ltd was elected www ng NewsSourceCredit NAN
    CANMPEF unveils plan for FG to rejig economy 
     The Chemical and Non Metallic Products Employer s Federation CANMPEF on Wednesday recommended some steps that the Federal Government should take to rejig the economy The CANMPEF President Chief Devakumar Edwin gave the recommendation at the 43rd Annual General Meeting AGM of the federation in Lagos Edwin said that to address the ongoing rise in unemployment government needed to provide incentives to sectors of the economy that had potential to generate huge employment figures According to him job creation should be given more focus in the nation s economic plans and agenda across the tiers of government While quoting data from the UN the CANMPEF president said that Nigeria was expected to be the world s third most populous country by 2050 with over 300 million people and 60 per cent of its population under 50 years Taking proactive actions government must throw its weight behind agriculture to provide raw material input for industries Manufacturing to produce finished goods for consumption and export Information Communications Technology ICT to enable process efficiency Power and energy sector for effective power up of industry and households as well as education and skills acquisition to improve the income earning potential of its citizens he said Edwin said that the recent huge emigration of young talents was another reason to address the unemployment concern to the sustainability of Nigeria s industrial sector By implication a looming draught in work age population may be inevitable Already some sectors such as health ICT and engineering are showing strains of lean workforce Edwin said He said that to increase the nation s foreign exchange earning opportunities all hands should be on deck to reverse the lingering resource through deliberate value addition agenda into raw materials and natural resources He advised policy makers to take cue from the Action Plan on Critical Raw Materials by the European Commission which was unveiled in September 2020 Edwin urged the government to consistently take on bold initiatives in collaboration with the private sector to reform the electricity sector He further said that the laudable Presidential Power Initiative launched in 2019 should be pursued vigorously to ensure timely and successful completion While our members through patriotic commitment navigate the tough current economic terrain our federation will continue to avail its platform to share knowledge and exchange information Drawing on lessons from year 2020 and 2021 we urge our members to digitally incorporate their business processes Focus on operational efficiency diversify supply sources backward and forward integration and cost management to create and compete favourably he added The CANMPEF Executive Secretary Mr Femi Oke said that its members have suffered many challenges in the year under review According to him some of the challenges include excruciating high cost of energy to power production and increasing cost of transportation air land and sea Others he said are difficulty in accessing required foreign exchange for raw materials purchase machineries and spare parts for production He said that seaport congestion and poor social infrastructure particularly energy road and security as well as taxes and levies duplication from the Federal State and Local Governments still persisted notwithstanding the harsh economic environment and escalating insecurity challenges Alluding to data from the Nigerian Security Tracker Oke said there were 2 943 abductions and 5 800 deaths due to insecurity between January and June 2021 He said that as part of efforts to resolve the challenges facing its members the federation embarked on the following advocacy visits and meetings We visited Gov Babajide Sanwo Olu of Lagos State Managing Director Nigerian Ports Authority and the General Manager Lagos State Environmental Protection Agency He said that as part of employee welfare and industrial relations CANMPEF in 2021 negotiated an end of service benefits and new collective agreement with the National Union of Chemical Footwear Rubber Leather and Non Metallic Product Employees It is CANMPEF expectation that government will continue to provide the enabling environment for the private sector to thrive and continue to provide the much needed employment he said The News Agency of Nigeria reports that the AGM elected members for the 20222023 year Those elected included President Chief Devakumar Edwin Group Executive Director Strategy Portfolio Development amp Capital Projects Dangote Group Plc and 1st Vice President Mr Rotimi Aluko Managing Director CEO Voda Paints Ltd As 2nd Vice President Mr Denis Simonin Managing Director Nigerite Ltd was elected www ng NewsSourceCredit NAN
    CANMPEF unveils plan for FG to rejig economy 
    General news5 days ago

    CANMPEF unveils plan for FG to rejig economy 

    The Chemical and Non-Metallic Products Employer’s Federation (CANMPEF) on Wednesday recommended some steps that the Federal Government should take to rejig the economy.

    The CANMPEF President, Chief Devakumar Edwin, gave the recommendation at the 43rd Annual General Meeting (AGM) of the federation in Lagos.

    Edwin said that to address the ongoing rise in unemployment, government needed to provide incentives to sectors of the economy that had potential to generate huge employment figures.

    According to him, job creation should be given more focus in the nation’s economic plans and agenda across the tiers of government.

    While quoting data from the UN, the CANMPEF president said that Nigeria was expected to be the world’s third most populous country by 2050, with over 300 million people and 60 per cent of its population under 50 years.

    “Taking proactive actions, government must throw its weight behind agriculture to provide raw material input for industries, Manufacturing to produce finished goods for consumption and export; Information Communications Technology (ICT) to enable process efficiency.

    “Power and energy sector for effective power-up of industry and households as well as education and skills acquisition to improve the income earning potential of its citizens,” he said.

    Edwin said that the recent huge emigration of young talents was another reason to address the unemployment concern to the sustainability of Nigeria’s industrial sector.

    “By implication, a looming draught in work-age population may be inevitable.

    “Already, some sectors such as health, ICT and engineering are showing strains of lean workforce,” Edwin said.

    He said that to increase the nation’s foreign exchange earning opportunities, all hands should be on deck to reverse the lingering resource through deliberate value addition agenda into raw materials and natural resources.

    He advised policy makers to take cue from the Action Plan on Critical Raw Materials by the European Commission which was unveiled in September 2020. Edwin urged the government to consistently take on bold initiatives in collaboration with the private sector to reform the electricity sector.

    He further said that the laudable Presidential Power Initiative launched in 2019 should be pursued vigorously to ensure timely and successful completion.

    “While our members, through patriotic commitment, navigate the tough current economic terrain, our federation will continue to avail its platform to share knowledge and exchange information.

    “Drawing on lessons from year 2020 and 2021, we urge our members to digitally incorporate their business processes.

    “Focus on operational efficiency, diversify supply sources (backward and forward integration) and cost management to create and compete favourably,” he added.

    The CANMPEF Executive Secretary, Mr Femi Oke, said that its members have suffered many challenges in the year under review.

    According to him, some of the challenges include excruciating high cost of energy to power production and increasing cost of transportation (air, land and sea).

    Others, he said, are difficulty in accessing required foreign exchange for raw materials purchase, machineries and spare parts for production.

    He said that seaport congestion and poor social infrastructure, particularly energy, road and security as well as taxes and levies duplication from the Federal, State and Local Governments still persisted, notwithstanding the harsh economic environment and escalating insecurity challenges: Alluding to data from the Nigerian Security Tracker, Oke said there were 2,943 abductions and 5,800 deaths due to insecurity between January and June 2021. He said that as part of efforts to resolve the challenges facing its members, the federation embarked on the following advocacy visits and meetings.

    “We visited Gov. Babajide Sanwo-Olu, of Lagos State, Managing Director, Nigerian Ports Authority and the General Manager, Lagos State Environmental Protection Agency.

    He said that as part of employee welfare and industrial relations, CANMPEF in 2021 negotiated an end of-service benefits and new collective agreement with the National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Product Employees.

    “It is CANMPEF expectation that government will continue to provide the enabling environment for the private sector to thrive and continue to provide the much needed employment,” he said The News Agency of Nigeria reports that the AGM elected members for the 20222023 year.

    Those elected included: President, Chief Devakumar Edwin (Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Group Plc) and 1st Vice-President: Mr Rotimi Aluko (Managing Director CEO, Voda Paints Ltd. As 2nd Vice-President, Mr Denis Simonin (Managing Director, Nigerite Ltd) was elected.

    www.

    ng
    NewsSourceCredit: NAN

  •  The Ilorin Emirate Medical Group IEMG on Saturday in Ilorin offered free medical treatment and drugs to more than 500 patients in Balogun Gambari area of Ilorin Speaking on the sidelines of the outreach Prof Ayisha Gobir the President of the Group explained that the outreach was part of the 2022 Annual General Meeting AGM She noted that the medical consultations and drugs were part of the humanitarian and community engagement policy thrusts of the association The outreach is taking place at Balogun Gambari area to honour our traditional institutions We collaborated with various well meaning organisations the Joint Balogun Gambari Development Association individuals and organisations who supported our programmes The outreach is focused on common illnesses that can cause death including hypertension diabetes gastroenteritis and malaria among others she said Gobir who teaches at the Faculty of Basic Medical Science of the University of Ilorin said that many children also benefitted from the outreach as they were treated for some childhood diseases such as coughing and deworming Similarly the don noted that the Association s AGM included Career Counselling across some selected schools in Ilorin so as to guide them of their choice of profession She observed that the ongoing ASUU strike would not prevent them from doing their community service adding that even though they were not teaching for now they engaged in research publishing of papers and community service Also Dr Abdullahi Ahmed the Vice Chairman of the group observed that there were many Nigerians with various health challenges and could not access health care due to poverty He observed that such outreach was a means of reaching out to the indigents in the society where they were treated free of charge and at their doorsteps in their communities Ahmed who is also the Kwara Chairman of the Nigeria Medical Association NMA advocated that the only way to cater for the health of Nigerians was through the Health Insurance while commending the Federal and State Governments for making it available for the indigents to access He explained further that the artisans and small job owners could access Health Insurance in Kwara for a token of N6 000 annually Also Dr Hafsat Ahmed of the Department of Epidemiology of the University of Ilorin admonished Nigerians against self mediaction She urged Kwara residents and Nigerians at large to always visit hospitals before the consumption of drugs Ahmed however observed that some patients could not even afford N500 for consultation fee in hospital while observing that the association felt the free community services such as this would certainly come to their aid Malam Mohammed Balogun the President of the of Balogun Gambari Youth Movement commemded the doctors for the selfless act for the needy and commitment to the community development NewsSourceCredit NAN
    Ilorin Emirate doctors offer free medical treatment to 500 patients
     The Ilorin Emirate Medical Group IEMG on Saturday in Ilorin offered free medical treatment and drugs to more than 500 patients in Balogun Gambari area of Ilorin Speaking on the sidelines of the outreach Prof Ayisha Gobir the President of the Group explained that the outreach was part of the 2022 Annual General Meeting AGM She noted that the medical consultations and drugs were part of the humanitarian and community engagement policy thrusts of the association The outreach is taking place at Balogun Gambari area to honour our traditional institutions We collaborated with various well meaning organisations the Joint Balogun Gambari Development Association individuals and organisations who supported our programmes The outreach is focused on common illnesses that can cause death including hypertension diabetes gastroenteritis and malaria among others she said Gobir who teaches at the Faculty of Basic Medical Science of the University of Ilorin said that many children also benefitted from the outreach as they were treated for some childhood diseases such as coughing and deworming Similarly the don noted that the Association s AGM included Career Counselling across some selected schools in Ilorin so as to guide them of their choice of profession She observed that the ongoing ASUU strike would not prevent them from doing their community service adding that even though they were not teaching for now they engaged in research publishing of papers and community service Also Dr Abdullahi Ahmed the Vice Chairman of the group observed that there were many Nigerians with various health challenges and could not access health care due to poverty He observed that such outreach was a means of reaching out to the indigents in the society where they were treated free of charge and at their doorsteps in their communities Ahmed who is also the Kwara Chairman of the Nigeria Medical Association NMA advocated that the only way to cater for the health of Nigerians was through the Health Insurance while commending the Federal and State Governments for making it available for the indigents to access He explained further that the artisans and small job owners could access Health Insurance in Kwara for a token of N6 000 annually Also Dr Hafsat Ahmed of the Department of Epidemiology of the University of Ilorin admonished Nigerians against self mediaction She urged Kwara residents and Nigerians at large to always visit hospitals before the consumption of drugs Ahmed however observed that some patients could not even afford N500 for consultation fee in hospital while observing that the association felt the free community services such as this would certainly come to their aid Malam Mohammed Balogun the President of the of Balogun Gambari Youth Movement commemded the doctors for the selfless act for the needy and commitment to the community development NewsSourceCredit NAN
    Ilorin Emirate doctors offer free medical treatment to 500 patients
    General news1 week ago

    Ilorin Emirate doctors offer free medical treatment to 500 patients

    The Ilorin Emirate Medical Group (IEMG) on Saturday in Ilorin offered free medical treatment and drugs to more than 500 patients in Balogun Gambari area of Ilorin.

    Speaking on the sidelines of the outreach, Prof. Ayisha Gobir, the President of the Group, explained that the outreach was part of the 2022 Annual General Meeting (AGM).

    She noted that the medical consultations and drugs were part of the humanitarian and community engagement policy thrusts of the association.

    “The outreach is taking place at Balogun Gambari area to honour our traditional institutions.

    “We collaborated with various well meaning organisations; the Joint Balogun Gambari Development Association,  individuals and organisations who supported our programmes.

    “The outreach is focused on common illnesses that can cause death, including hypertension, diabetes, gastroenteritis and malaria among others,” she said.

    Gobir, who teaches at the Faculty of Basic Medical Science of the University of Ilorin, said that many children also benefitted from the outreach as they were treated for some childhood diseases such as coughing and deworming.

    Similarly, the don noted that the Association’s AGM included Career Counselling across some selected schools in Ilorin, so as to guide them of their choice of profession.

    She observed that the ongoing ASUU strike would not prevent them from doing their community service, adding that even though they were not teaching for now, they engaged in research, publishing of papers and community service.

    Also, Dr Abdullahi Ahmed, the Vice -Chairman of the group, observed that there were many Nigerians with various health challenges and could not access health care due to poverty.

    He observed that such outreach was a means of reaching out to the indigents in the society where they were treated free of charge and at their doorsteps in their communities.

    Ahmed who is also the Kwara Chairman of the Nigeria Medical Association (NMA), advocated that the only way to cater for the health of Nigerians was through the Health Insurance, while commending the Federal and State Governments for making it available for the indigents to access.

    He explained further that the artisans and small job owners could access Health Insurance in Kwara for a token of N6,000 annually.

    Also Dr Hafsat Ahmed, of the Department of Epidemiology of the University of Ilorin admonished Nigerians against self mediaction.

    She urged Kwara residents and Nigerians at large to always visit hospitals before the consumption of drugs.

    Ahmed, however, observed that some patients could not even afford N500 for consultation fee in hospital, while observing that the association felt the free community services such as this would certainly come to their aid.

    Malam Mohammed Balogun, the President of the of Balogun Gambari Youth Movement, commemded the doctors for the selfless act for the needy and commitment to the community development.


    NewsSourceCredit: NAN

  •  The Association of Professional Women Engineers of Nigeria APWEN says girls deserve to access quality education that equips and prepares them for the future jobs Dr Elizabeth Eterigho President of APWEN said this in an interview with the News Agency of Nigeria at the closing of the four day 2022 APWEN national conference and AGM on Friday in Abuja She said such education would properly equip and make them ready to participate in the Fourth Industrial Revolution She said to give all girls opportunities to learn achieve and excel in science technology and in engineering solutions there was need to incorporate fun and excitement into STEM learning According to her as a result of this a programme called FunSTEM was introduced into public schools to stimulate and enhance the learning of Science Technology Engineering and Mathematics STEM It is observed that STEM teaching in public schools particularly in upper primary and junior secondary school has not been effective For many children just being at school does not mean they are learning which implies that children are not developing the skills they need to successfully transit to become fulfilled in life She said the fun and excitement of FunSTEM was all about teaching with practical and demonstrative gender responsive STEM learning in order to raise the curiosity and interest of the students This would lead to taking up careers in STEM specifically in engineering particularly in public schools The aim of the FunSTEM is to harness free hands on activities model in teaching STEM to raise the inquisitiveness of the students She said this would also make it possible for them to easily understand the relevancy of STEM in infrastructural and economic development of the nation Eterigho explained that the first edition was a two day event held in Lagos and Port Harcourt simultaneously adding that prior to the event teachers were trained on how to effectively teach STEM with excitement She maintained that the teachers were trained on how to impart this excitement to junior and secondary school students using recycle materials The APWEN President said that over 30 teachers and 120 students participated from five schools in Port Harcourt and seven schools in Lagos and that science kits were donated to the schools laboratories The FunSTEM is sponsored by Worley Foundation the CSR initiative of Worley Energy Chemicals and Resources Australia She said that another programme introduced in 2022 was the Tech4Mum initiative which seeks to promote development of new technologies that increasingly empower female users especially in the rural areas for enhanced productivity Dr Felicia Agubata former APWEN president and Chairman Conference Planning Committee said that to facilitate government efforts in energy transition the association would act as an advocate Government has a committee on energy transition we are going to lend our voice in advocacy to explain to the people what it is and also encourage people to feel free about the transition She said the association would fund and also find sponsors for the research projects of young engineering students who are willing to break new grounds of achievements She emphasised that the association would fund such projects to ensure that Nigeria transits seamlessly during the process of energy transition Agubata said the conference offered an opportunity for them to come together and deliberate on burning issues affecting the country Also a time to appraise ourselves for the past one year our records and how far and well we are doing as an association NewsSourceCredit NAN
    Girls deserve access to quality education- Women group 
     The Association of Professional Women Engineers of Nigeria APWEN says girls deserve to access quality education that equips and prepares them for the future jobs Dr Elizabeth Eterigho President of APWEN said this in an interview with the News Agency of Nigeria at the closing of the four day 2022 APWEN national conference and AGM on Friday in Abuja She said such education would properly equip and make them ready to participate in the Fourth Industrial Revolution She said to give all girls opportunities to learn achieve and excel in science technology and in engineering solutions there was need to incorporate fun and excitement into STEM learning According to her as a result of this a programme called FunSTEM was introduced into public schools to stimulate and enhance the learning of Science Technology Engineering and Mathematics STEM It is observed that STEM teaching in public schools particularly in upper primary and junior secondary school has not been effective For many children just being at school does not mean they are learning which implies that children are not developing the skills they need to successfully transit to become fulfilled in life She said the fun and excitement of FunSTEM was all about teaching with practical and demonstrative gender responsive STEM learning in order to raise the curiosity and interest of the students This would lead to taking up careers in STEM specifically in engineering particularly in public schools The aim of the FunSTEM is to harness free hands on activities model in teaching STEM to raise the inquisitiveness of the students She said this would also make it possible for them to easily understand the relevancy of STEM in infrastructural and economic development of the nation Eterigho explained that the first edition was a two day event held in Lagos and Port Harcourt simultaneously adding that prior to the event teachers were trained on how to effectively teach STEM with excitement She maintained that the teachers were trained on how to impart this excitement to junior and secondary school students using recycle materials The APWEN President said that over 30 teachers and 120 students participated from five schools in Port Harcourt and seven schools in Lagos and that science kits were donated to the schools laboratories The FunSTEM is sponsored by Worley Foundation the CSR initiative of Worley Energy Chemicals and Resources Australia She said that another programme introduced in 2022 was the Tech4Mum initiative which seeks to promote development of new technologies that increasingly empower female users especially in the rural areas for enhanced productivity Dr Felicia Agubata former APWEN president and Chairman Conference Planning Committee said that to facilitate government efforts in energy transition the association would act as an advocate Government has a committee on energy transition we are going to lend our voice in advocacy to explain to the people what it is and also encourage people to feel free about the transition She said the association would fund and also find sponsors for the research projects of young engineering students who are willing to break new grounds of achievements She emphasised that the association would fund such projects to ensure that Nigeria transits seamlessly during the process of energy transition Agubata said the conference offered an opportunity for them to come together and deliberate on burning issues affecting the country Also a time to appraise ourselves for the past one year our records and how far and well we are doing as an association NewsSourceCredit NAN
    Girls deserve access to quality education- Women group 
    General news2 weeks ago

    Girls deserve access to quality education- Women group 

    The Association of Professional Women Engineers of Nigeria(APWEN) says girls deserve to access quality education that equips and prepares them for the future jobs.

    Dr Elizabeth Eterigho, President of APWEN, said this in an interview with the News Agency of Nigeria at the closing of the four-day 2022 APWEN national conference and AGM on Friday in Abuja.

    She said such education would properly equip and make them ready  to participate in the Fourth Industrial Revolution.

    She said to give all girls opportunities to learn, achieve and excel in science, technology and in engineering solutions, there was need to incorporate fun and excitement into STEM learning According to her, as a result of this, a programme called FunSTEM was introduced into public schools to stimulate and enhance  the learning of Science, Technology, Engineering and Mathematics(STEM).

    “It is observed that STEM teaching in public schools, particularly in upper primary and junior secondary school has not been effective.

    “For many children, just being at school does not mean they are learning, which implies that children are not developing the skills they need to successfully transit to become fulfilled in life.

    She said the fun and excitement of FunSTEM was all about teaching with practical and demonstrative gender-responsive STEM learning in order to raise the curiosity and interest of the students.

    “This would lead to taking up careers in STEM, specifically in engineering, particularly in public schools.

    “The aim of the FunSTEM is to harness `free hands-on activities’ model in teaching STEM to raise the inquisitiveness of the students.

    ’’ She said this would also make it possible for them to easily understand the relevancy of STEM in infrastructural and economic development of the nation.

    Eterigho explained that the first edition was a two-day event held in Lagos and Port Harcourt simultaneously, adding that prior to the event teachers were trained on how to effectively teach STEM with excitement.

    She maintained that the teachers were trained on how to impart this excitement to junior and secondary school students using recycle materials.

    The APWEN President said that over 30 teachers and 120 students participated from five schools in Port Harcourt and seven schools in Lagos, and that science kits were donated to the schools laboratories.

    “The FunSTEM is sponsored by Worley Foundation, the CSR initiative of Worley Energy, Chemicals and Resources, Australia.

    She said that another programme introduced in 2022 was the “Tech4Mum’’ initiative, which seeks to promote development of new technologies that increasingly empower female users, especially in the rural areas for enhanced productivity.

    Dr Felicia Agubata, former APWEN president and Chairman, Conference Planning Committee, said that to facilitate government efforts in energy transition, the association would act as an advocate.

    “Government has a committee on energy transition, we are going to lend our voice in advocacy to explain to the people what it is and also encourage people to feel free about the transition.

    She said the association would fund and also find sponsors for the research projects of young engineering students who are willing to break new grounds of achievements.

    She emphasised that the association would fund such projects to ensure that Nigeria transits seamlessly during the process of energy transition.

    Agubata said the conference offered an opportunity for them to come together and deliberate on burning issues affecting the country.

    “Also, a time to appraise ourselves for the past one year, our records and how far and well we  are doing as an association.


    NewsSourceCredit: NAN

  •  The Federal Government has approved the introduction of a new programme FunSTEM in public schools to enhance the teaching of Science Technology Engineering and Mathematics STEM Dr Elizabeth Eterigho President Association of Professional Women Engineers of Nigeria APWEN said this when she spoke with the News Agency of Nigeria at the closing of the 2022 APWEN national conference and AGM on Friday in Abuja Eterigho said that the gesture would help improve the teaching and learning of STEM especially for the girl child in Nigeria She said that the girl child deserved access to quality education that would equip and prepare her for the challenges of the future She said to give the girl child opportunities to learn achieve and excel in science technology and in engineering solutions there was need to incorporate fun and excitement into STEM learning Eterigho said that such education would properly equip and make her ready to participate in the Fourth Industrial Revolution It is observed that STEM teaching in public schools particularly in upper primary and junior secondary school has not been effective For many children just being at school does not mean they are learning which implies that children are not developing the skills they need to successfully transit to become fulfilled in life she said She said the fun and excitement of FunSTEM was all about teaching with practical and demonstrative gender responsive STEM learning in order to raise the curiosity and interest of the students This would lead to taking up careers in STEM specifically in engineering particularly in public schools The aim of the FunSTEM is to harness free hands on activities model in teaching STEM to raise the inquisitiveness of the students she said She said this would also make it possible for the girls to easily understand the relevancy of STEM in infrastructure and economic development of the nation Eterigho said that the first edition was a two day event held in Lagos and Port Harcourt simultaneously that prior to the event teachers were trained on how to effectively teach STEM with excitement She said that the teachers were trained on how to impart this excitement to junior and secondary school students using recycle materials The APWEN President said that over 30 teachers and 126 students participated from five schools in Port Harcourt and seven schools in Lagos and that science kits were donated to the schools laboratories The FunSTEM is sponsored by Worley Foundation the CSR initiative of Worley Energy Chemicals and Resources Australia she said She said another programme introduced in 2022 was the Tech4Mum initiative which sought to promote development of new technologies that increasingly empower female users especially in the rural areas for enhanced productivity Dr Felicia Agubata former APWEN president and Chairman Conference Planning Committee said that to facilitate government efforts in energy transition the association would act as an advocate Government has a committee on energy transition we are going to lend our voice in advocacy to explain to the people what it is and also encourage people to feel free about the transition she said She said the association would fund and also find sponsors for the research projects of young engineering students who were willing to break new grounds of achievements NewsSourceCredit NAN
    FG approves new programme in schools to enhance STEM teaching
     The Federal Government has approved the introduction of a new programme FunSTEM in public schools to enhance the teaching of Science Technology Engineering and Mathematics STEM Dr Elizabeth Eterigho President Association of Professional Women Engineers of Nigeria APWEN said this when she spoke with the News Agency of Nigeria at the closing of the 2022 APWEN national conference and AGM on Friday in Abuja Eterigho said that the gesture would help improve the teaching and learning of STEM especially for the girl child in Nigeria She said that the girl child deserved access to quality education that would equip and prepare her for the challenges of the future She said to give the girl child opportunities to learn achieve and excel in science technology and in engineering solutions there was need to incorporate fun and excitement into STEM learning Eterigho said that such education would properly equip and make her ready to participate in the Fourth Industrial Revolution It is observed that STEM teaching in public schools particularly in upper primary and junior secondary school has not been effective For many children just being at school does not mean they are learning which implies that children are not developing the skills they need to successfully transit to become fulfilled in life she said She said the fun and excitement of FunSTEM was all about teaching with practical and demonstrative gender responsive STEM learning in order to raise the curiosity and interest of the students This would lead to taking up careers in STEM specifically in engineering particularly in public schools The aim of the FunSTEM is to harness free hands on activities model in teaching STEM to raise the inquisitiveness of the students she said She said this would also make it possible for the girls to easily understand the relevancy of STEM in infrastructure and economic development of the nation Eterigho said that the first edition was a two day event held in Lagos and Port Harcourt simultaneously that prior to the event teachers were trained on how to effectively teach STEM with excitement She said that the teachers were trained on how to impart this excitement to junior and secondary school students using recycle materials The APWEN President said that over 30 teachers and 126 students participated from five schools in Port Harcourt and seven schools in Lagos and that science kits were donated to the schools laboratories The FunSTEM is sponsored by Worley Foundation the CSR initiative of Worley Energy Chemicals and Resources Australia she said She said another programme introduced in 2022 was the Tech4Mum initiative which sought to promote development of new technologies that increasingly empower female users especially in the rural areas for enhanced productivity Dr Felicia Agubata former APWEN president and Chairman Conference Planning Committee said that to facilitate government efforts in energy transition the association would act as an advocate Government has a committee on energy transition we are going to lend our voice in advocacy to explain to the people what it is and also encourage people to feel free about the transition she said She said the association would fund and also find sponsors for the research projects of young engineering students who were willing to break new grounds of achievements NewsSourceCredit NAN
    FG approves new programme in schools to enhance STEM teaching
    General news2 weeks ago

    FG approves new programme in schools to enhance STEM teaching

    The Federal Government has approved the introduction of a new programme- FunSTEM in public schools to enhance the teaching of Science, Technology, Engineering and Mathematics (STEM).

    Dr Elizabeth Eterigho, President, Association of Professional Women Engineers of Nigeria(APWEN) said this when she spoke with the News Agency of Nigeria at the closing of the 2022 APWEN national conference and AGM on Friday in Abuja.

    Eterigho said that the gesture would help improve the teaching and learning of STEM especially for the girl child in Nigeria.

    She said that the girl child deserved access to quality education that would equip and prepare her for the challenges of the future.

    She said to give the girl child opportunities to learn, achieve and excel in science, technology and in engineering solutions, there was need to incorporate fun and excitement into STEM learning Eterigho said that such education would properly equip and make her ready to participate in the Fourth Industrial Revolution.

    “It is observed that STEM teaching in public schools, particularly in upper primary and junior secondary school has not been effective.

    “For many children, just being at school does not mean they are learning, which implies that children are not developing the skills they need to successfully transit to become fulfilled in life,” she said.

    She said the fun and excitement of FunSTEM was all about teaching with practical and demonstrative gender-responsive STEM learning in order to raise the curiosity and interest of the students.

    “This would lead to taking up careers in STEM, specifically in engineering, particularly in public schools.

    “The aim of the FunSTEM is to harness `free hands-on activities’ model in teaching STEM to raise the inquisitiveness of the students,” she said.

    She said this would also make it possible for the girls to easily understand the relevancy of STEM in infrastructure and economic development of the nation.

    Eterigho said that the first edition was a two-day event held in Lagos and Port Harcourt simultaneously, that prior to the event teachers were trained on how to effectively teach STEM with excitement.

    She said that the teachers were trained on how to impart this excitement to junior and secondary school students using recycle materials.

    The APWEN President said that over 30 teachers and 126 students participated from five schools in Port Harcourt and seven schools in Lagos, and that science kits were donated to the schools laboratories.

    “The FunSTEM is sponsored by Worley Foundation, the CSR initiative of Worley Energy, Chemicals and Resources, Australia,” she said.

    She said another programme introduced in 2022 was the “Tech4Mum’’ initiative, which sought to promote development of new technologies that increasingly empower female users, especially in the rural areas for enhanced productivity.

    Dr Felicia Agubata, former APWEN president and Chairman, Conference Planning Committee, said that to facilitate government efforts in energy transition, the association would act as an advocate.

    “Government has a committee on energy transition, we are going to lend our voice in advocacy to explain to the people what it is and also encourage people to feel free about the transition,” she said.

    She said the association would fund and also find sponsors for the research projects of young engineering students who were willing to break new grounds of achievements.


    NewsSourceCredit: NAN

  •  A Federal High Court in Abuja on Friday ordered the reinstatement of two aggrieved directors of Green Energy International Limited Dr Bunu Alibe and Mr Ayo Olojede who were illegally removed by the company s management Justice Bolaji Olajuwon in a judgment described their removal from the oil company as unlawful Olajuwon said that the Annual General Meeting AGM of the company held on Nov 12 2020 during which Alibe and Olojede were removed was convened in contravention of Section 285 of the Companies and Allied Matters Act CAMA 2020 The judge who ordered that all the backlog of the directors entitlements including salaries and allowances be paid also awarded three million naira in favour of the duo for damages The News Agency of Nigeria reports that Alibe and Olojede had in a suit marked 202020 sued Green Energy and Prof Anthony Adegbulugbe as 1st and 2nd defendants Adegbulugbe was a former Special Adviser on Energy in the Olusegun Obasanjo administration The plaintiffs in the suit which commenced via a petition accused Adegbulugbe of series of corporate misdemeanours including unilateral usurpation of executive responsibilities contrary to the provisions of CAMA 2020 and the company s Article of Association They claimed that they were unlawfully removed by the chairman of the company they jointly nurtured to fruition Responding Adegbulugbe also filed a separate suit against the two directors before the court marked 13902020 Although the matter was formerly before Justice Ijeoma Ojukwu the case was however reassigned to Olajuwon following the transfer of Ojukwu to the Calabar division of the court recently Delivering the judgement Olajuwon said that notice of general meeting to all directors and members of a company must be given 21 days from the day it was issued She held that the petitioners were only given 20 days notice instead of 21 days as required by the law for the meeting held on Nov 12 2020 According to her Section 241 of CAMA provided a lengthy time to be provided for a meeting of a company to be held The judge held that the argument of the defence that Ojukwu had ordered that parties should attend the AGM as part of the efforts to resolve the crisis rocking the company and that the aggrieved directors failed to comply did not hold water I have carefully read the proceedings of Hon Justice Ojukwu The notice of the Annual General Meeting was served before the order of the court was made and the court did not abridge the length of time for the meeting to be held Where the provision of the law is clear and unambiguous the court must give it its meaning she said Olajuwon therefore declared that all actions taken at the AGM held on Nov 12 2020 were null and void A declaration that the alleged non election removal of the petitioners as directors of the 1st respondent Energy Oil was unlawful illegal and not in accordance with the provisions of the Companies and Allied Matters 2020 in that proper procedure was not followed or adopted A declaration that pursuant to Article 27 of the 1st respondent s Articles of Association the provisions and powers contained in Section 285 of the Companies and Allied Matters Act 2020 are neither exercisable nor applicable to the 1st respondent An order invalidating and setting aside the holding of the purported Annual General Meeting of 12 November 2020 and nullifying every decision taken thereafter including the purported non reelection of the petitioners as directors of the 1st respondent As the petitioners are still members of the 1st respondent the court hereby restrains the respondents whether by themselves or their servants agents privies or how whatsoever from denying the petitioners any or all rights emoluments and benefits due to them as directors of the 1st respondent including but not limited to unhindered access to the company s offices and sites settlement of all bonuses and financial entitlements and allowances due and or payable to them General damages in the sum of N3 million is hereby awarded in favour of the petitioners for their unlawful removal as directors of the 1st respondent in contravention of the provisions of CAMA 2020 the judge further declared She held that the petitioners were not given fair hearing in the decisions taken by the company The petitioners case succeeds in part because they were not given adequate notice she said The judge also dismissed the sister suit marked 13902020 and filed by Adegbulugbe against the two directors Earlier Olajuwon had also dismissed the defence motion challenging the jurisdiction of the court to entertain the suit Olajuwon however dismissed the allegations levelled against Adegbulugbe that he took unilateral decisions in the running of the company and turned the firm into a family affair According to Olajuwon he who asserts must prove She held that the two directors failed to discharge the burden of proof of the allegations as no sufficient materials were placed before her to believe so On the aborted Project Horizon Contract she held that it was executed by Adegbulugbe in the interest of all the shareholders and the firm while the petitioners could not prove their allegations against him NewsSourceCredit NAN
    Court orders Green Energy to reinstate aggrieved directors, pay entitlements
     A Federal High Court in Abuja on Friday ordered the reinstatement of two aggrieved directors of Green Energy International Limited Dr Bunu Alibe and Mr Ayo Olojede who were illegally removed by the company s management Justice Bolaji Olajuwon in a judgment described their removal from the oil company as unlawful Olajuwon said that the Annual General Meeting AGM of the company held on Nov 12 2020 during which Alibe and Olojede were removed was convened in contravention of Section 285 of the Companies and Allied Matters Act CAMA 2020 The judge who ordered that all the backlog of the directors entitlements including salaries and allowances be paid also awarded three million naira in favour of the duo for damages The News Agency of Nigeria reports that Alibe and Olojede had in a suit marked 202020 sued Green Energy and Prof Anthony Adegbulugbe as 1st and 2nd defendants Adegbulugbe was a former Special Adviser on Energy in the Olusegun Obasanjo administration The plaintiffs in the suit which commenced via a petition accused Adegbulugbe of series of corporate misdemeanours including unilateral usurpation of executive responsibilities contrary to the provisions of CAMA 2020 and the company s Article of Association They claimed that they were unlawfully removed by the chairman of the company they jointly nurtured to fruition Responding Adegbulugbe also filed a separate suit against the two directors before the court marked 13902020 Although the matter was formerly before Justice Ijeoma Ojukwu the case was however reassigned to Olajuwon following the transfer of Ojukwu to the Calabar division of the court recently Delivering the judgement Olajuwon said that notice of general meeting to all directors and members of a company must be given 21 days from the day it was issued She held that the petitioners were only given 20 days notice instead of 21 days as required by the law for the meeting held on Nov 12 2020 According to her Section 241 of CAMA provided a lengthy time to be provided for a meeting of a company to be held The judge held that the argument of the defence that Ojukwu had ordered that parties should attend the AGM as part of the efforts to resolve the crisis rocking the company and that the aggrieved directors failed to comply did not hold water I have carefully read the proceedings of Hon Justice Ojukwu The notice of the Annual General Meeting was served before the order of the court was made and the court did not abridge the length of time for the meeting to be held Where the provision of the law is clear and unambiguous the court must give it its meaning she said Olajuwon therefore declared that all actions taken at the AGM held on Nov 12 2020 were null and void A declaration that the alleged non election removal of the petitioners as directors of the 1st respondent Energy Oil was unlawful illegal and not in accordance with the provisions of the Companies and Allied Matters 2020 in that proper procedure was not followed or adopted A declaration that pursuant to Article 27 of the 1st respondent s Articles of Association the provisions and powers contained in Section 285 of the Companies and Allied Matters Act 2020 are neither exercisable nor applicable to the 1st respondent An order invalidating and setting aside the holding of the purported Annual General Meeting of 12 November 2020 and nullifying every decision taken thereafter including the purported non reelection of the petitioners as directors of the 1st respondent As the petitioners are still members of the 1st respondent the court hereby restrains the respondents whether by themselves or their servants agents privies or how whatsoever from denying the petitioners any or all rights emoluments and benefits due to them as directors of the 1st respondent including but not limited to unhindered access to the company s offices and sites settlement of all bonuses and financial entitlements and allowances due and or payable to them General damages in the sum of N3 million is hereby awarded in favour of the petitioners for their unlawful removal as directors of the 1st respondent in contravention of the provisions of CAMA 2020 the judge further declared She held that the petitioners were not given fair hearing in the decisions taken by the company The petitioners case succeeds in part because they were not given adequate notice she said The judge also dismissed the sister suit marked 13902020 and filed by Adegbulugbe against the two directors Earlier Olajuwon had also dismissed the defence motion challenging the jurisdiction of the court to entertain the suit Olajuwon however dismissed the allegations levelled against Adegbulugbe that he took unilateral decisions in the running of the company and turned the firm into a family affair According to Olajuwon he who asserts must prove She held that the two directors failed to discharge the burden of proof of the allegations as no sufficient materials were placed before her to believe so On the aborted Project Horizon Contract she held that it was executed by Adegbulugbe in the interest of all the shareholders and the firm while the petitioners could not prove their allegations against him NewsSourceCredit NAN
    Court orders Green Energy to reinstate aggrieved directors, pay entitlements
    General news2 weeks ago

    Court orders Green Energy to reinstate aggrieved directors, pay entitlements

    A Federal High Court in Abuja on Friday ordered the reinstatement of two aggrieved directors of Green Energy International Limited, Dr Bunu Alibe and Mr Ayo Olojede, who were illegally removed by the company’s management.

    Justice Bolaji Olajuwon, in a judgment, described their removal from the oil company as “unlawful.

    ” Olajuwon said that the Annual General Meeting (AGM) of the company held on Nov. 12, 2020, during which Alibe and Olojede were removed, was convened in contravention of Section 285 of the Companies and Allied Matters Act (CAMA), 2020. The judge, who ordered that all the backlog of the directors ‘ entitlements, including salaries and allowances be paid, also awarded three million naira in favour of the duo for damages.

    The News Agency of Nigeria reports that Alibe and Olojede had in a suit marked, 202020, sued Green Energy and Prof. Anthony Adegbulugbe as 1st and 2nd defendants.

    Adegbulugbe was a former Special Adviser on Energy in the Olusegun Obasanjo administration.

    The plaintiffs, in the suit which commenced via a petition, accused Adegbulugbe of series of corporate misdemeanours, including unilateral usurpation of executive responsibilities, contrary to the provisions of CAMA, 2020 and the company’s Article of Association.

    They claimed that they were unlawfully removed by the chairman of the company they jointly nurtured to fruition.

    Responding, Adegbulugbe also filed a separate suit against the two directors before the court marked: 13902020. Although the matter was formerly before Justice Ijeoma Ojukwu, the case was, however, reassigned to Olajuwon following the transfer of Ojukwu to the Calabar division of the court recently.

    Delivering the judgement, Olajuwon said that notice of general meeting to all directors and members of a company must be given 21 days from the day it was issued.

    She held that the petitioners were only given 20 days notice instead of 21 days, as required by the law, for the meeting held on Nov. 12, 2020. According to her, Section 241 of CAMA provided a lengthy time to be provided for a meeting of a company to be held.

    The judge held that the argument of the defence that Ojukwu had ordered that parties should attend the AGM as part of the efforts to resolve the crisis rocking the company and that the aggrieved directors failed to comply did not hold water.

    “I have carefully read the proceedings of Hon.Justice Ojukwu.

    “The notice of the Annual General Meeting was served before the order of the court was made and the court did not abridge the length of time for the meeting to be held.

    “Where the provision of the law is clear and unambiguous, the court must give it its meaning,” she said.

    Olajuwon, therefore, declared that all actions taken at the AGM held on Nov. 12, 2020 were null and void.

    “A declaration that the alleged non-election removal of the petitioners as directors of the 1st respondent (Energy Oil) was unlawful, illegal and not in accordance with the provisions of the Companies and Allied Matters 2020 in that proper procedure was not followed or adopted.

    “A declaration that pursuant to Article 27 of the 1st respondent’s Articles of Association, the provisions and powers contained in Section 285 of the Companies and Allied Matters Act 2020 are neither exercisable nor applicable to the 1st respondent.

    “An order invalidating and setting aside the holding of the purported Annual General Meeting of 12 November, 2020 and nullifying every decision taken thereafter, including the purported non-reelection of the petitioners as directors of the 1st respondent.

    “As the petitioners are still members of the 1st respondent, the court hereby restrains the respondents whether by themselves or their servants, agents, privies or how whatsoever, from denying the petitioners any or all rights, emoluments and benefits due to them as directors of the 1st respondent, including but not limited to unhindered access to the company’s offices and sites, settlement of all bonuses and financial entitlements and allowances due and or payable to them.

    “General damages in the sum of N3 million is hereby awarded in favour of the petitioners for their unlawful removal as directors of the 1st respondent in contravention of the provisions of CAMA 2020,” the judge further declared.

    She held that the petitioners were not given fair hearing in the decisions taken by the company.

    “The petitioners’ case succeeds in part because they were not given adequate notice,” she said The judge also dismissed the sister suit marked, 13902020, and filed by Adegbulugbe against the two directors.

    Earlier, Olajuwon had also dismissed the defence motion challenging the jurisdiction of the court to entertain the suit.

    Olajuwon, however, dismissed the allegations levelled against Adegbulugbe that he took unilateral decisions in the running of the company and turned the firm into a family affair.

    According to Olajuwon, he who asserts must prove.

    She held that the two directors failed to discharge the burden of proof of the allegations as no sufficient materials were placed before her to believe so.

    On the aborted Project Horizon Contract, she held that it was executed by Adegbulugbe in the interest of all the shareholders and the firm while the petitioners could not prove their allegations against him.

    (
    NewsSourceCredit: NAN

  •  Nairobi 12 September 2022 Nairobi based pan African Investment and Credit Risks solutions provider African Trade Insurance Agency ATI has signed a Memorandum of Understanding MoU with the Government of Ghana for the roll out of the Regional Liquidity Support Facility RLSF This is in line with the country s mission to promote access to reliable clean and affordable electricity The RLSF a joint initiative of ATI the KfW Development Bank and the Norwegian Agency for Development Cooperation Norad is a financial product that is designed to address the short term liquidity risks faced by small and medium sized Independent Power Producers IPPs that sell electricity to state owned power utilities improving bankability and helping such projects reach financial close The signing of the MoU has come at an opportune time when the demand for energy in Ghana is increasing by 10 per year coupled with the country s focus on expanding the contribution of renewable energy sources towards the country s energy mix Thanks to the MoU IPPs in Ghana will benefit from RLSF which was not only created to help tackle climate change and attract investments by supporting renewable energy projects in ATI s member countries but also to protect the IPPs against the risk of delayed payments by public offtakers the company said in a statement Ghana has one of Africa s highest rates of access to electricity at 86 63 percent with 74 percent of rural residents and 95 percent of urban residents connected to the electricity grid Ghana also exports excess power to the neighboring countries of Benin Burkina Faso and Togo Additionally the country which currently has a total installed capacity of over 5 300 MW aspires to industrialize modernize its agriculture and provide economic opportunities for its growing population However one of the key constraints to this vision is access to reliable and cost efficient electric power and the sector s current financial deficit RLSF will therefore be available to relieve the financial burden of the national utility the Electricity Company of Ghana ECG which is often asked to provide collateral for similar liquidity instruments under power purchase agreements Ghana is the ninth ATI Member State to have signed the RLSF MoU joining Benin Burundi C te d Ivoire Madagascar Malawi Togo Uganda and Zambia
    ATI, Ghana sign MOU to enhance production of affordable power
     Nairobi 12 September 2022 Nairobi based pan African Investment and Credit Risks solutions provider African Trade Insurance Agency ATI has signed a Memorandum of Understanding MoU with the Government of Ghana for the roll out of the Regional Liquidity Support Facility RLSF This is in line with the country s mission to promote access to reliable clean and affordable electricity The RLSF a joint initiative of ATI the KfW Development Bank and the Norwegian Agency for Development Cooperation Norad is a financial product that is designed to address the short term liquidity risks faced by small and medium sized Independent Power Producers IPPs that sell electricity to state owned power utilities improving bankability and helping such projects reach financial close The signing of the MoU has come at an opportune time when the demand for energy in Ghana is increasing by 10 per year coupled with the country s focus on expanding the contribution of renewable energy sources towards the country s energy mix Thanks to the MoU IPPs in Ghana will benefit from RLSF which was not only created to help tackle climate change and attract investments by supporting renewable energy projects in ATI s member countries but also to protect the IPPs against the risk of delayed payments by public offtakers the company said in a statement Ghana has one of Africa s highest rates of access to electricity at 86 63 percent with 74 percent of rural residents and 95 percent of urban residents connected to the electricity grid Ghana also exports excess power to the neighboring countries of Benin Burkina Faso and Togo Additionally the country which currently has a total installed capacity of over 5 300 MW aspires to industrialize modernize its agriculture and provide economic opportunities for its growing population However one of the key constraints to this vision is access to reliable and cost efficient electric power and the sector s current financial deficit RLSF will therefore be available to relieve the financial burden of the national utility the Electricity Company of Ghana ECG which is often asked to provide collateral for similar liquidity instruments under power purchase agreements Ghana is the ninth ATI Member State to have signed the RLSF MoU joining Benin Burundi C te d Ivoire Madagascar Malawi Togo Uganda and Zambia
    ATI, Ghana sign MOU to enhance production of affordable power
    Africa3 weeks ago

    ATI, Ghana sign MOU to enhance production of affordable power

    Nairobi, 12 September, 2022 – Nairobi-based pan African Investment and Credit Risks solutions provider, African Trade Insurance Agency (ATI), has signed a Memorandum of Understanding (MoU) with the Government of Ghana for the roll out of the Regional Liquidity Support Facility (RLSF).This is in line with the country’s mission to promote access to reliable, clean, and affordable electricity.The RLSF, a joint initiative of ATI, the KfW Development Bank and the Norwegian Agency for Development Cooperation (Norad), is a financial product that is designed to address the short term liquidity risks faced by small and medium sized Independent Power Producers (IPPs) that sell electricity to state owned power utilities – improving bankability and helping such projects reach financial close.“The signing of the MoU has come at an opportune time when the demand for energy in Ghana is increasing by 10% per year, coupled with the country’s focus on expanding the contribution of renewable energy sources towards the country’s energy mix. Thanks to the MoU, IPPs in Ghana will benefit from RLSF which was not only created to help tackle climate change and attract investments by supporting renewable energy projects in ATI’s member countries, but also to protect the IPPs against the risk of delayed payments by public offtakers,” the company said in a statement.Ghana has one of Africa’s highest rates of access to electricity at 86.63 percent with 74 percent of rural residents and 95 percent of urban residents connected to the electricity grid.Ghana also exports excess power to the neighboring countries of Benin, Burkina Faso and Togo. Additionally, the country, which currently has a total installed capacity of over 5,300 MW - aspires to industrialize, modernize its agriculture, and provide economic opportunities for its growing population. However, one of the key constraints to this vision is access to reliable and cost-efficient electric power, and the sector’s current financial deficit. RLSF will therefore be available to relieve the financial burden of the national utility, the Electricity Company of Ghana (ECG), which is often asked to provide collateral for similar liquidity instruments under power purchase agreements.Ghana is the ninth ATI Member State to have signed the RLSF MoU - joining Benin, Burundi, Côte d'Ivoire, Madagascar, Malawi, Togo, Uganda and Zambia.

  •  Nigeria s Ekanem Ekwueme has been unanimously voted into the board of the All Africa Challenge Trophy AACT Ladies Association as the Trustee in charge of the West and Central Africa region The News Agency of Nigeria reports that the announcement of the result took place at the Julius Nyerere International Convention Centre in Tanzania The result saw Ekwueme unanimously voted in by all the West and Central African delegates Juliet Monyei Inyere the President Ladies Golf Association of Nigeria LGAN who confirmed Ekwueme s victory to the News Agency of Nigeria on Sunday said she was voted unopposed during the association s Annual General Meeting AGM in Dar es Salaam A hearty congratulations to our past LGAN President Ekanem Ekwueme on her unopposed election into the Board of the AACT Ladies Association She was voted into the board as the new Trustee in charge of all the West and Central Africa region during the AGM in Tanzania on Friday It was indeed an overwhelming and well deserved victory for one of our own Here is wishing her a very successful tenure of four years We are proud of her she said Ekwueme who is also the only certified female World Handicap System WHS Course rater in Nigeria told NAN that she was elated to have been voted into the board She added that she would bring all her experience to bear in the discharge of her duties for the next four years I am really delighted and elated to have been unanimously voted into the board of the AACT Indeed this is not just a victory for me but also a big one for Nigeria and the whole West and Central Africa as well I hope to bring all the experiences I have been able to gather over the years to bear in the discharge of my duties in this highly exalted office for the next four years she said NewsSourceCredit NAN
    Golf: Nigeria’s Ekwueme emerges trustee board member for West, Central Africa
     Nigeria s Ekanem Ekwueme has been unanimously voted into the board of the All Africa Challenge Trophy AACT Ladies Association as the Trustee in charge of the West and Central Africa region The News Agency of Nigeria reports that the announcement of the result took place at the Julius Nyerere International Convention Centre in Tanzania The result saw Ekwueme unanimously voted in by all the West and Central African delegates Juliet Monyei Inyere the President Ladies Golf Association of Nigeria LGAN who confirmed Ekwueme s victory to the News Agency of Nigeria on Sunday said she was voted unopposed during the association s Annual General Meeting AGM in Dar es Salaam A hearty congratulations to our past LGAN President Ekanem Ekwueme on her unopposed election into the Board of the AACT Ladies Association She was voted into the board as the new Trustee in charge of all the West and Central Africa region during the AGM in Tanzania on Friday It was indeed an overwhelming and well deserved victory for one of our own Here is wishing her a very successful tenure of four years We are proud of her she said Ekwueme who is also the only certified female World Handicap System WHS Course rater in Nigeria told NAN that she was elated to have been voted into the board She added that she would bring all her experience to bear in the discharge of her duties for the next four years I am really delighted and elated to have been unanimously voted into the board of the AACT Indeed this is not just a victory for me but also a big one for Nigeria and the whole West and Central Africa as well I hope to bring all the experiences I have been able to gather over the years to bear in the discharge of my duties in this highly exalted office for the next four years she said NewsSourceCredit NAN
    Golf: Nigeria’s Ekwueme emerges trustee board member for West, Central Africa
    General news3 weeks ago

    Golf: Nigeria’s Ekwueme emerges trustee board member for West, Central Africa

    Nigeria’s Ekanem Ekwueme has been unanimously voted into the board of the All Africa Challenge Trophy (AACT) Ladies Association as the Trustee in charge of the West and Central Africa region.

    The News Agency of Nigeria reports that the announcement of the result took place at the Julius Nyerere International Convention Centre in Tanzania.

    The result saw Ekwueme unanimously voted in by all the West and Central African delegates.

    Juliet Monyei-Inyere, the President, Ladies Golf Association of Nigeria (LGAN), who confirmed Ekwueme’s victory to the News Agency of Nigeria on Sunday, said she was voted unopposed during the association’s Annual General Meeting (AGM) in Dar es Salaam.

    “A hearty congratulations to our past LGAN President, Ekanem Ekwueme on her unopposed election into the Board of the AACT Ladies Association.

    “She was voted into the board as the new Trustee in charge of all the West and Central Africa region during the AGM in Tanzania on Friday.

    “It was indeed an overwhelming and well deserved victory for one of our own.

    “Here is wishing her a very successful tenure of four years. 

    We are proud of her,” she said.

    Ekwueme, who is also the only certified female World Handicap System (WHS) Course rater in Nigeria, told NAN that she was elated to have been voted into the board.

    She added that she would bring all her experience to bear in the discharge of her duties for the next four years.

    “I am really delighted and elated to have been unanimously voted into the board of the AACT.

    “Indeed this is not just a victory for me, but also a big one for Nigeria and the whole West and Central Africa as well.

    “I hope to bring all the experiences I have been able to gather over the years to bear in the discharge of my duties in this highly exalted office for the next four years,” she said.


    NewsSourceCredit: NAN

  •   Hydrocarbons remain a necessary part of the global energy mix Unlocking Uganda s fossil fuel resources will help meet its development needs and even reduce emissions With the world now virtually unanimous on the need for more sustainable energy solutions the idea of exactly what these solutions should be is becoming clearer African energy players are pointing out that their countries are at a very different stage of their development journey compared to industrialized nations For this reason meeting the needs of its people while reducing emissions will be completely different in Africa The conventional wisdom that hydrocarbons are the worst dirty energy solution is inaccurate In Uganda where basic energy needs are often met by cutting down trees improving access to energy from fossil fuels would reduce the carbon footprint Africa s role in global carbon emissions is minuscule The Director of Environment Health Safety and Security at the Uganda Petroleum Authority Dr Joseph Kobusheshe points out that Africa the second most populous continent and home to around 20 percent of the world s population is responsible for only 3 percent of global CO2 emissions As a country Uganda suffers from energy poverty In the absence of a large industrial sector and universal access to electricity most of the country s greenhouse gas emissions are caused by deforestation In the decade between 2005 and 2015 the country s carbon emissions nearly doubled from 53 to 90 million tonnes says Dr Kobusheshe with forest degradation and deforestation primarily responsible for the increase According to Uganda s first biennial update report 2019 for the United Nations Framework Convention on Climate Change Uganda s agriculture forestry and other land use AFOLU sector is responsible for 86 of greenhouse gas emissions greenhouse gases GHG in the country For this reason Uganda s most effective approach to reducing its carbon emissions is to focus on the use of traditional wood burning stoves The interventions of the Ministry of Water and Environment seek to achieve a 25 percent reduction in GHG emissions by 2030 by replacing conventional stoves with improved stoves Interestingly Dr Kobusheshe says that further reductions will be achieved by developing the country s oil and gas resources to produce liquefied petroleum gas LPG The production of LPG from the country s oil and gas resources and its use both in the country and in the region will significantly reduce the reliance on wood fuel which is responsible for massive deforestation in Uganda says Dr Kobusheshe To increase the use of LPG the Government through the Ministry of Energy and Mining Development MEMD is promoting the collection of LPG to replace firewood and has launched an initiative to distribute one million gas cylinders and accessories LPG in the next five years The Minister of Energy and Mining Development Hon Ruth Nankabirwa Ssentamu launched the free distribution of LPG cylinders and accessories in July 2022 The reliance on wood fuel underscores the massive underdevelopment and energy poverty faced by Uganda and many other African nations When commercial quantities of oil and gas resources were confirmed in Uganda in 2006 the country seized the opportunity to resolve and get its people and economy out of this trap of underdevelopment Uganda plans to commercialize its oil and gas resources in two ways the development of a 60 000 barrel per day refinery at Hoima and a 219 000 barrel per day capacity Uganda intends to market its oil and gas resources through two channels the gas resources emanating from the Tilenga and Kingfisher projects They produce an estimated total of 1 4 billion barrels of oil The East African Crude Oil Pipeline EACOP as it is known will also export oil to international markets The project has sparked vociferous protests from environmental groups including one that disrupted TotalEnergies AGM in Paris earlier this year The Government of Uganda however insists on its right to commercialize its energy assets for the benefit of its people following the highest environmental standards available EACOP is one of the avenues by which Uganda plans to commercialize its oil and gas resources says Clovice Bright Irumba Director of Exploration Uganda Petroleum Authority before asking the question Is the world ready for a halt fossil fuel exploration and development Irumba concludes that the answer is no It cites figures from the BP Energy Outlook for 2022 where for net zero carbon scenarios the average annual investment in renewable energy is projected at US 500 US 800 billion while before Covid 19 the average annual investment in renewable energy solar and wind ranged between US 250 and US 300 billion The world is still far from closing that gap by 2050 says Irumba Irene Bateebe Permanent Secretary Ministry of Energy and Mineral Development Uganda says developing countries must be treated differently and fairly when it comes to energy transition issues We cannot be put on the same scale as developed countries It is unrealistic for anyone to expect an African state to move from biomass use to advanced renewable technologies In Uganda 80 percent of the population uses firewood We must be allowed to transit in recognition of where we are today For us it s about fairness regarding access to electricity and other energy sources and fairness says Bateebe The war in Ukraine has only exacerbated the situation Clearly understanding this global oil and gas companies have expanded development projects across the globe The Abu Dhabi National Oil Company announced in May 2022 three new oil discoveries estimated at more than 650 million barrels Equinor has announced a new oil discovery in the Barents Sea The UK s North Sea Transition Authority has identified 33 new oil and gas projects with a target of producing 1 3 billion barrels President Biden has issued a large number of oil drilling permits in the United States but he is still facing an energy crisis The global agreement appears that upstream fossil fuel development is vital to meeting the planet s energy needs Pipelines are also the accepted means of doing so Al Jazeera recently reported that at least 2 381 oil and gas pipelines were operating worldwide in 162 countries Of these the US has the longest pipeline network 91 067 km for oil and 333 366 km for gas followed by Russia Canada and China The proposed EACOP pipeline would cover a stretch of 1 433 km about 0 1 percent of the world s pipeline network Pipelines are an accepted method of transporting the hydrocarbons still needed to meet the world s energy needs Stringent environmental and safety standards now protect communities and minimize weather and other mining operations Uganda Upstream proposes to minimize environmental impact by drilling up to 15 wells from a single well pad and by equipping buried pipelines with leak detectors and valves to automatically shut down in the event of anomalies No flaring or venting of oil or gas will be permitted during normal operations In general projects fall into the low emission category The government has put in place a strong political legal and institutional framework along with a compliance monitoring and enforcement framework to ensure that oil and gas activities co exist with the environment and social well being of communities he writes Dr Kobusheshe Perhaps ironically the oil and gas industry appears to be part of the solution to reducing greenhouse gas emissions in Uganda While the EACOP project has drawn the ire of environmentalists the country remains committed to unlocking the same bounty of hydrocarbons that meets the needs of other countries Many emerging African energy players perceive this spirit of responsible energy sovereignty The sector meets in October at the Africa Oil Week Until renewables become more efficient reliable and affordable to provide the necessary energy security the world is not yet ready to stop fossil fuel exploration and development says Dr Kobusheshe
    Oil and Gas: The Right Solution for Uganda
      Hydrocarbons remain a necessary part of the global energy mix Unlocking Uganda s fossil fuel resources will help meet its development needs and even reduce emissions With the world now virtually unanimous on the need for more sustainable energy solutions the idea of exactly what these solutions should be is becoming clearer African energy players are pointing out that their countries are at a very different stage of their development journey compared to industrialized nations For this reason meeting the needs of its people while reducing emissions will be completely different in Africa The conventional wisdom that hydrocarbons are the worst dirty energy solution is inaccurate In Uganda where basic energy needs are often met by cutting down trees improving access to energy from fossil fuels would reduce the carbon footprint Africa s role in global carbon emissions is minuscule The Director of Environment Health Safety and Security at the Uganda Petroleum Authority Dr Joseph Kobusheshe points out that Africa the second most populous continent and home to around 20 percent of the world s population is responsible for only 3 percent of global CO2 emissions As a country Uganda suffers from energy poverty In the absence of a large industrial sector and universal access to electricity most of the country s greenhouse gas emissions are caused by deforestation In the decade between 2005 and 2015 the country s carbon emissions nearly doubled from 53 to 90 million tonnes says Dr Kobusheshe with forest degradation and deforestation primarily responsible for the increase According to Uganda s first biennial update report 2019 for the United Nations Framework Convention on Climate Change Uganda s agriculture forestry and other land use AFOLU sector is responsible for 86 of greenhouse gas emissions greenhouse gases GHG in the country For this reason Uganda s most effective approach to reducing its carbon emissions is to focus on the use of traditional wood burning stoves The interventions of the Ministry of Water and Environment seek to achieve a 25 percent reduction in GHG emissions by 2030 by replacing conventional stoves with improved stoves Interestingly Dr Kobusheshe says that further reductions will be achieved by developing the country s oil and gas resources to produce liquefied petroleum gas LPG The production of LPG from the country s oil and gas resources and its use both in the country and in the region will significantly reduce the reliance on wood fuel which is responsible for massive deforestation in Uganda says Dr Kobusheshe To increase the use of LPG the Government through the Ministry of Energy and Mining Development MEMD is promoting the collection of LPG to replace firewood and has launched an initiative to distribute one million gas cylinders and accessories LPG in the next five years The Minister of Energy and Mining Development Hon Ruth Nankabirwa Ssentamu launched the free distribution of LPG cylinders and accessories in July 2022 The reliance on wood fuel underscores the massive underdevelopment and energy poverty faced by Uganda and many other African nations When commercial quantities of oil and gas resources were confirmed in Uganda in 2006 the country seized the opportunity to resolve and get its people and economy out of this trap of underdevelopment Uganda plans to commercialize its oil and gas resources in two ways the development of a 60 000 barrel per day refinery at Hoima and a 219 000 barrel per day capacity Uganda intends to market its oil and gas resources through two channels the gas resources emanating from the Tilenga and Kingfisher projects They produce an estimated total of 1 4 billion barrels of oil The East African Crude Oil Pipeline EACOP as it is known will also export oil to international markets The project has sparked vociferous protests from environmental groups including one that disrupted TotalEnergies AGM in Paris earlier this year The Government of Uganda however insists on its right to commercialize its energy assets for the benefit of its people following the highest environmental standards available EACOP is one of the avenues by which Uganda plans to commercialize its oil and gas resources says Clovice Bright Irumba Director of Exploration Uganda Petroleum Authority before asking the question Is the world ready for a halt fossil fuel exploration and development Irumba concludes that the answer is no It cites figures from the BP Energy Outlook for 2022 where for net zero carbon scenarios the average annual investment in renewable energy is projected at US 500 US 800 billion while before Covid 19 the average annual investment in renewable energy solar and wind ranged between US 250 and US 300 billion The world is still far from closing that gap by 2050 says Irumba Irene Bateebe Permanent Secretary Ministry of Energy and Mineral Development Uganda says developing countries must be treated differently and fairly when it comes to energy transition issues We cannot be put on the same scale as developed countries It is unrealistic for anyone to expect an African state to move from biomass use to advanced renewable technologies In Uganda 80 percent of the population uses firewood We must be allowed to transit in recognition of where we are today For us it s about fairness regarding access to electricity and other energy sources and fairness says Bateebe The war in Ukraine has only exacerbated the situation Clearly understanding this global oil and gas companies have expanded development projects across the globe The Abu Dhabi National Oil Company announced in May 2022 three new oil discoveries estimated at more than 650 million barrels Equinor has announced a new oil discovery in the Barents Sea The UK s North Sea Transition Authority has identified 33 new oil and gas projects with a target of producing 1 3 billion barrels President Biden has issued a large number of oil drilling permits in the United States but he is still facing an energy crisis The global agreement appears that upstream fossil fuel development is vital to meeting the planet s energy needs Pipelines are also the accepted means of doing so Al Jazeera recently reported that at least 2 381 oil and gas pipelines were operating worldwide in 162 countries Of these the US has the longest pipeline network 91 067 km for oil and 333 366 km for gas followed by Russia Canada and China The proposed EACOP pipeline would cover a stretch of 1 433 km about 0 1 percent of the world s pipeline network Pipelines are an accepted method of transporting the hydrocarbons still needed to meet the world s energy needs Stringent environmental and safety standards now protect communities and minimize weather and other mining operations Uganda Upstream proposes to minimize environmental impact by drilling up to 15 wells from a single well pad and by equipping buried pipelines with leak detectors and valves to automatically shut down in the event of anomalies No flaring or venting of oil or gas will be permitted during normal operations In general projects fall into the low emission category The government has put in place a strong political legal and institutional framework along with a compliance monitoring and enforcement framework to ensure that oil and gas activities co exist with the environment and social well being of communities he writes Dr Kobusheshe Perhaps ironically the oil and gas industry appears to be part of the solution to reducing greenhouse gas emissions in Uganda While the EACOP project has drawn the ire of environmentalists the country remains committed to unlocking the same bounty of hydrocarbons that meets the needs of other countries Many emerging African energy players perceive this spirit of responsible energy sovereignty The sector meets in October at the Africa Oil Week Until renewables become more efficient reliable and affordable to provide the necessary energy security the world is not yet ready to stop fossil fuel exploration and development says Dr Kobusheshe
    Oil and Gas: The Right Solution for Uganda
    Africa4 weeks ago

    Oil and Gas: The Right Solution for Uganda

    Hydrocarbons remain a necessary part of the global energy mix.

    Unlocking Uganda's fossil fuel resources will help meet its development needs, and even reduce emissions.

    With the world now virtually unanimous on the need for more sustainable energy solutions, the idea of ​​exactly what these solutions should be is becoming clearer.

    African energy players are pointing out that their countries are at a very different stage of their development journey compared to industrialized nations.

    For this reason, meeting the needs of its people while reducing emissions will be completely different in Africa.

    The conventional wisdom that hydrocarbons are the worst “dirty energy” solution is inaccurate.

    In Uganda, where basic energy needs are often met by cutting down trees, improving access to energy from fossil fuels would reduce the carbon footprint.

    Africa's role in global carbon emissions is minuscule.

    The Director of Environment, Health, Safety and Security at the Uganda Petroleum Authority, Dr. Joseph Kobusheshe, points out that Africa, the second most populous continent and home to around 20 percent of the world's population, is responsible for only 3 percent of global CO2 emissions.

    As a country, Uganda suffers from energy poverty.

    In the absence of a large industrial sector and universal access to electricity, most of the country's greenhouse gas emissions are caused by deforestation.

    In the decade between 2005 and 2015, the country's carbon emissions nearly doubled from 53 to 90 million tonnes, says Dr. Kobusheshe, with forest degradation and deforestation primarily responsible for the increase.

    According to Uganda's first biennial update report 2019 for the United Nations Framework Convention on Climate Change, Uganda's agriculture, forestry and other land use (AFOLU) sector is responsible for 86% of greenhouse gas emissions.

    greenhouse gases (GHG) in the country.

    For this reason, Uganda's most effective approach to reducing its carbon emissions is to focus on the use of traditional wood-burning stoves.

    The interventions of the Ministry of Water and Environment seek to achieve a 25 percent reduction in GHG emissions by 2030 by replacing conventional stoves with improved stoves.

    Interestingly, Dr. Kobusheshe says that further reductions will be achieved by developing the country's oil and gas resources to produce liquefied petroleum gas (LPG).

    “The production of LPG from the country's oil and gas resources and its use both in the country and in the region will significantly reduce the reliance on wood fuel, which is responsible for massive deforestation in Uganda,” says Dr. Kobusheshe.

    To increase the use of LPG, the Government, through the Ministry of Energy and Mining Development (MEMD), is promoting the collection of LPG to replace firewood and has launched an initiative to distribute one million gas cylinders and accessories LPG in the next five years.

    The Minister of Energy and Mining Development, Hon. Ruth Nankabirwa Ssentamu launched the free distribution of LPG cylinders and accessories in July 2022.

    The reliance on wood fuel underscores the massive underdevelopment and energy poverty faced by Uganda and many other African nations.

    When commercial quantities of oil and gas resources were confirmed in Uganda in 2006, the country seized the opportunity to resolve and get its people and economy out of this trap of underdevelopment.

    Uganda plans to commercialize its oil and gas resources in two ways: the development of a 60,000-barrel-per-day refinery at Hoima and a 219,000-barrel-per-day capacity.

    Uganda intends to market its oil and gas resources through two channels: the gas resources emanating from the Tilenga and Kingfisher projects.

    They produce an estimated total of 1.4 billion barrels of oil.

    The East African Crude Oil Pipeline (EACOP), as it is known, will also export oil to international markets.

    The project has sparked vociferous protests from environmental groups, including one that disrupted TotalEnergies' AGM in Paris earlier this year.

    The Government of Uganda, however, insists on its right to commercialize its energy assets for the benefit of its people following the highest environmental standards available.

    “EACOP is one of the avenues by which Uganda plans to commercialize its oil and gas resources,” says Clovice Bright Irumba, Director of Exploration, Uganda Petroleum Authority, before asking the question: “Is the world ready for a halt?

    fossil fuel exploration and development?

    Irumba concludes that the answer is no.

    It cites figures from the BP Energy Outlook for 2022, where for net-zero carbon scenarios, the average annual investment in renewable energy is projected at US$500-US$800 billion, while before Covid-19 the average annual investment in renewable energy solar and wind ranged between US$250 and US$300 billion.

    "The world is still far from closing that gap by 2050," says Irumba.

    Irene Bateebe, Permanent Secretary, Ministry of Energy and Mineral Development, Uganda, says developing countries must be treated differently and fairly when it comes to energy transition issues.

    “We cannot be put on the same scale as developed countries.

    It is unrealistic for anyone to expect an African state to move from biomass use to advanced renewable technologies."

    “In Uganda, 80 percent of the population uses firewood.

    We must be allowed to transit in recognition of where we are today.

    For us, it's about fairness regarding access to electricity and other energy sources and fairness,” says Bateebe.

    The war in Ukraine has only exacerbated the situation.

    Clearly understanding this, global oil and gas companies have expanded development projects across the globe.

    The Abu Dhabi National Oil Company announced in May 2022 three new oil discoveries estimated at more than 650 million barrels.

    Equinor has announced a new oil discovery in the Barents Sea. The UK's North Sea Transition Authority has identified 33 new oil and gas projects with a target of producing 1.3 billion barrels.

    President Biden has issued a large number of oil drilling permits in the United States, but he is still facing an energy crisis.

    The global agreement appears that upstream fossil fuel development is vital to meeting the planet's energy needs.

    Pipelines are also the accepted means of doing so.

    Al Jazeera recently reported that at least 2,381 oil and gas pipelines were operating worldwide in 162 countries.

    Of these, the US has the longest pipeline network (91,067 km for oil and 333,366 km for gas), followed by Russia, Canada, and China.

    The proposed EACOP pipeline would cover a stretch of 1,433 km, about 0.1 percent of the world's pipeline network.

    Pipelines are an accepted method of transporting the hydrocarbons still needed to meet the world's energy needs.

    Stringent environmental and safety standards now protect communities and minimize weather and other mining operations.

    Uganda Upstream proposes to minimize environmental impact by drilling up to 15 wells from a single well pad and by equipping buried pipelines with leak detectors and valves to automatically shut down in the event of anomalies.

    No flaring or venting of oil or gas will be permitted during normal operations.

    In general, projects fall into the "low emission" category.

    “The government has put in place a strong political, legal and institutional framework, along with a compliance monitoring and enforcement framework to ensure that oil and gas activities co-exist with the environment and social well-being of communities,” he writes.

    Dr Kobusheshe.

    Perhaps ironically, the oil and gas industry appears to be part of the solution to reducing greenhouse gas emissions in Uganda.

    While the EACOP project has drawn the ire of environmentalists, the country remains committed to unlocking the same bounty of hydrocarbons that meets the needs of other countries.

    Many emerging African energy players perceive this spirit of responsible energy sovereignty.

    The sector meets in October at the Africa Oil Week. “Until renewables become more efficient, reliable and affordable to provide the necessary energy security, the world is not yet ready to stop fossil fuel exploration and development,” says Dr. Kobusheshe.