FOSTER Archives - New Mail Nigeria https://newmail-ng.com/tag/foster/ Hottest and Latest Updates of News in Nigeria. Re-defining the essence of News in Nigeria Thu, 31 May 2018 16:53:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://newmail-ng.com/wp-content/uploads/2024/01/cropped-newmail-logo-32x32.png FOSTER Archives - New Mail Nigeria https://newmail-ng.com/tag/foster/ 32 32 Stakeholders urge President Buhari to sign Petroleum Industry Governance Bill https://newmail-ng.com/stakeholders-urge-president-buhari-to-sign-petroleum-industry-governance-bill/ Thu, 31 May 2018 16:53:24 +0000 http://newmail-ng.com/?p=84756 Stakeholders in the oil and gas industry have asked President Muhammadu Buhari to sign into law the Petroleum Industry Governance Bill (PIGB) passed by the National Assembly. The stakeholders comprising industry lawyers, media practitioners and other professionals made the call in Lagos at a roundtable on PIGB organised by Centre for Financial Journalism (CFJ Nigeria) […]

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Stakeholders in the oil and gas industry have asked President Muhammadu Buhari to sign into law the Petroleum Industry Governance Bill (PIGB) passed by the National Assembly.

The stakeholders comprising industry lawyers, media practitioners and other professionals made the call in Lagos at a roundtable on PIGB organised by Centre for Financial Journalism (CFJ Nigeria) in partnership with Facility for Oil Sector Transformation (FOSTER), a DFID-funded programme.

Dwelling on the importance of PIGB, Senior Partner at Primera Africa Legal, Israel Aye, said that the legislation will result in efficient and effective institutions with clear and separate roles, commercially oriented and profit driven petroleum entities. He added that it will promote transparency and accountability, and create a conducive business environment for petroleum industry operations.

Given the impact this piece of legislation will have on the petroleum industry, the Nigerian economy and the Nigerian people, Aye said the best the government can do is to ensure its enactment without further delay.

The stakeholders also noted with dismay the delay in passing the Petroleum Industry Bill (PIB) since it was introduced about 17 years ago, arguing that this has left the country without an effective law for the petroleum industry. The consequence of this, they pointed out, is that both the regulators and the operators in the Nigerian petroleum industry are literally groping in the dark.

The absence of the necessary laws for the petroleum industry, the stakeholders said, has led to poor management of the industry with serious consequences for the economy and the welfare of Nigerians.

“The Petroleum Industry Bill is meant to invigorate the industry through legal frameworks that will work together for the development of the Nigerian economy and upliftment of the welfare of Nigerians”, the stakeholders noted.

They therefore posited that the national economy will not experience the desired impact from the oil industry if the poor management of the industry occasioned by lack of necessary laws is not addressed. In the same manner, the argued, Nigerians will not get the full benefit from the oil resources their country is blessed with if the governance of the industry remains shoddy.

The stakeholders therefore called on government to take the entire PIB seriously and ensure the passage of the various aspects of the Bill expeditiously.

In this regard, therefore, they urged government to “continue the paradigm shift in setting the fiscal framework and not just the “governance” or administrative framework; promote and ensure that dry gas works; deliberately incentivize gas production for wider domestic utilization; incentivize local participation in the petroleum economy; manage transition from the current regime; ensure a robust manpower strategy and deliver the reforms as anticipated in the various bills; ensure petroleum policy continuity to make it fit into the expectations of Nigerians”.

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Features: NDDC and the forces against change https://newmail-ng.com/features-nddc-forces-change/ Tue, 01 Aug 2017 09:04:19 +0000 http://newmail-ng.com/?p=68435 There is no doubt that there is a paradigm shift at the Niger Delta Development Commission, NDDC, as the current board and management are now doing things differently by adopting new strategies. Indeed, it is a new dawn at the Commission and the era of underhand practices are over. It is, therefore, surprising that some […]

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There is no doubt that there is a paradigm shift at the Niger Delta Development Commission, NDDC, as the current board and management are now doing things differently by adopting new strategies. Indeed, it is a new dawn at the Commission and the era of underhand practices are over.
It is, therefore, surprising that some ill-advised or even mischievous groups have been casting aspersions on the activities of the Commission and its principal officers.

Recently, an obviously uninformed group, calling itself the Foundation for Human Rights and Anti-Corruption Crusade (FHRACC) made spurious allegations against the Commission that were totally out of sync with reality.

The group, which seems to be hands-in-glove with other misguided bodies like the National Coalition of Niger Delta Ex-Agitators, Egbesu Union, is apparently being used as a tool of destabilization by those working against the development of the Niger Delta.

One of the misguided groups, the Coalition of Niger Delta Ex-Militant Leaders, was forced to recant recently. They publicly apologised to the Nsima Ekere-led NDDC Management, over the unruly behaviour of its members.

The National Chairman of the group, Stephen Ebisintei, admitted that they were misinformed. He said: “Unknown to us, the sixth management team is desirous of implementing programmes and policies that would develop the Niger Delta and empower the youths of the region.”
He added: “We were acting on wrong information as we should have expressed ourselves in a much calmer, more diplomatic and respectful manner.”

This particular group is now convinced that the NDDC is pursuing innovative policies aimed at delivering services more efficiently to the people of the Niger Delta.

They have realised that the Commission is serious about its drive for a well-articulated reform programme tagged the 4-R strategy. It has become obvious that the new NDDC is determined to do things differently to improve the transparency of its processes; leverage technology to increase accountability and efficiency; consult stakeholders frequently; engage proactively and be creative about the programmes that it designs to uplift the people and the region.

The new 4-R Initiative entails: “Restructuring the balance sheet which currently has about N1.2 trillion worth of on-going projects; Reforming the governance systems to ensure that as an organization, NDDC complies with extant rules and regulations and prevent mistakes of the past from recurring; Restoring the core mandate of the Commission by ensuring availability of a properly prepared set of Master Plans for the nine states; Reaffirming commitment to doing what’s right and proper at all times.”

Seventeen years after the NDDC was created, N1.4 trillion naira spent and an estimated 3,424 projects later; the NDDC is now focusing on the technological boom.

The Commission is currently focusing on Information and Communication Technology as a broad base from which the Niger Delta could tackle education, transportation, healthcare, social services, agriculture, environment and disaster management, financial inclusion, youth and unemployment, governance and security.

In preparation to participate productively in the global knowledge and technology driven economy, the NDDC invested immensely on health and education over the years. So far, 1,411 students have received scholarships since 2010 of which 1,066 were supported in M.Sc and 345 in Ph.D programmes. In health, over the years NDDC programmes have extended to over 1.2 million documented patients treated, 3500 communities visited and 6,000 referral cases managed.

By working in partnership with international donor funded organisations such as the World Bank (Nigeria), Foundation for Partnership Initiatives in the Niger Delta (PIND), Facility for Oil Sector Transparency (FOSTER), and Market Development for the Niger Delta Programme (MADE) the NDDC has created opportunities to amplify the impact of its activities in the region.

The NDDC believes that by engaging credible partners to switch on the Niger Delta with broadband capacity, it would provide citizens with options for communicating, organising, working, learning, accessing and sharing information. It hopes that by connecting and integrating the Niger Delta via Internet, it would eases the pressure on our roads and allow our younger generation and entrepreneurs to innovate.

If the current Board and Management of the NDDC can pull off the ICT-related plans for the Niger Delta, it would have gone a long way in fast-tracking development in the long-neglected region.

The NDDC needs the support and cooperation of all stakeholders to drive development in the Niger Delta. The last thing it needs is unnecessary distractions from mischief makers.

*This piece was written by NDDC Media Office

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