Connect with us

Business & Economy

Why Gulf Of Guinea Is Crucial To Bayelsa – Gov Diri

Published

on

Gov Douye Diri of Bayelsa State (left) and stakeholders at High-Level Discourse on the Gulf of Guinea,

 

By David Owei, Yenagoa.

Governor of Bayelsa State, Senator Douye Diri, has said the location of the state around the resource-rich Gulf of Guinea (GoG) region presents unique opportunities for investmentp, its growth and development.

Governor Diri also stated that his administration was ready to deepen collaboration to enhance the security of the contiguous maritime area.

The Bayelsa governor spoke at the Nigerian Mission House in New York during a High-Level Discourse on the Gulf of Guinea, with the theme: “Unlocking Energy, Oil/Gas, Mineral Resources, Aviation and Maritime Opportunities in the Gulf of Guinea: A Roadmap for Peace and Security” on the margins of the 80th United Nations General Assembly (UNGA).

The event was convened by a policy think tank, The New Diplomat in collaboration with Angola-based Gulf of Guinea Commission.

Governor Diri noted that Bayelsa, being the ancestral homeland of the Ijaw people, shares historical affiliation and geographical similarities with the Gulf of Guinea.

According to him, the huge economic potentialities of the area were yet to be fully exploited.

He said Bayelsa’s longest coastline in the country of over 200km offers opportunities in tourism, oil, gas and energy development as well as investments in glass, ceramics, fisheries, maritime and aviation among others.

His words: “The Gulf of Guinea, stretching approximately 6,000 kilometers from Cape Lopez in Gabon to Cape Palmas in Liberia, is one of the world’s most strategic maritime basins. It anchors nearly 60 per cent of Africa’s oil production, holds 4.5 per cent of global proven oil reserves and 2.7 per cent of global gas, and supports seaborne trade expanding at unprecedented pace.

“Surrounding this basin is a vast market of over 500 million people across West and Central Africa, making the Gulf not only a lifeline for energy but also a growth engine for trade, jobs, and food security.

“Bayelsa’s unique geography grants us unmatched prospects for oil and gas exports, maritime logistics, fisheries, and coastal trade. Our dual identity as an energy powerhouse and custodian of delicate ecosystems defines both our responsibilities and opportunities.”

He stressed that the objective of his administration was to create a safe and transparent environment where private investment, local enterprise and international partners can deliver shared prosperity for communities in the region.

Diri, however, noted that insecurity had been a serious challenge in the Gulf, particularly piracy, which he said required concerted effort among stakeholders to effectively tackle.

“As a government, we have pioneered a community-based crime prevention strategy – the first among Nigeria’s coastal states. We couple this with formal enforcement in partnership with the Nigerian Navy, Joint Task Force, Police and other agencies.

“We have re‑tooled local security outfits, established the Bayelsa Community Safety Corps and deployed technological surveillance mechanisms.

“Bayelsa State’s partnership with United Nations Office on Drugs and Crime (UNODC) and the government of Government of Germany to launch a community-based crime-prevention programme has shown promising results, including the rescue of seven kidnapped victims in 2022.”

The UNODC Executive Director and Director-General of the United Nations Office in Vienna, Austria, Amb. Ghada Waly, said the Gulf of Guinea is an important economic powerhouse of the African continent.

Waly re-echoed the significance of shoring up security in the Gulf as the region had become a transit route for illicit financial flows, drugs and organised crime.

She said: “According to the 2024 Nigerian Corruption Survey reported by the UNODC, over $40 billion had been lost in the last one decade through illicit financial flows and embezzlement. Corruption opens the door for criminals networks to infiltrate supply chain and erode the rule of law.

“With global demand for critical minerals set to rise, the risks will only grow. Without concrete action and sustained support, these threats will hold the region back from reaching its full potential. At the UNODC, we are working with our partners to curb organised crime in Nigeria and in the Gulf of Guinea.”

In a welcome address, Nigeria’s former Ambassador to Thailand, who is the convener and Director of The New Diplomat, Oma Djebah, said the roundtable was organised to bring together global thought leaders, policy makers, private sector icons and the civil society “to advance pragmatic, enduring partnerships and a bright future for the Gulf of Guinea.”

He also stated that the proposed Gulf of Guinea Business Council (GoGBC) would foster collaboration between the private sector and governments in the Gulf of Guinea and development partners just as it would create jobs, improve infrastructure and unlock the region’s full economic potential.

The event was chaired by former Nigeria’s Foreign Affairs Minister and erstwhile United Nations Under-Secretary-General, Prof Ibrahim Gambari, and had in attendance Governor of Zamfara State, Dr. Dauda Lawal, Nigeria’s Attorney-General and Minister of Justice, Mr. Lateef Fagbemi, SAN, his Solid Minerals Development counterpart, Dr Dele Alake, and Nigeria’s 21st Chief of the Naval Staff, Admiral Awwal Gambo.

Others were former France Ambassador to Nigeria and currently, Head, Africa Division at France’s Ministry of Foreign Affairs, Emmanuella Blatmann, Portugal’s Special Envoy to Africa and former Ambassador to Denmark, Rita Laranjinha, and the Charge d’ Affaires, Permanent Mission of Nigeria to the United Nations, Amb. Samson Itegboje, among others.

Business & Economy

Insecurity: CSO urges Govt, Stakeholders to provide needed help to PWDS

Published

on

By

By Joshua Kingsley Kenneth

For over two months Nigerians have been awashed with the threat by the United States President, Donald Trump, to send in troops into Nigeria, to identify and eliminate terrorists and so-called bandits killing citizens and sacking communities.

The statistics have dwelt largely on the gruesome killings of unarmed and innocent Nigerians in different parts of the country- from Benue to Taraba, Borno to Kogi States, just to list a few.

Not long ago the country again woke to a stark reminder of the abduction of school with 300 kidnapped from a Catholic school in Niger State, and another 24 taken hostage from Government Girls Comprehensive secondary school in Maga in Kebbi state.

Added to this horrendous list of insecurities and woes are the killings and abductions in Kwara State, and the general air of danger and fear that has gripped the country resulting in unquantifiable economic losses and a credibility crisis on the part of the federal government.

It therefore did not come as a surprise to many, especially victims of these dastardly attacks, when the United States through the activism of some of its lawmakers inspired President Trump to move against Nigeria, especially seeing that the federal government had failed in its primary responsibility of protecting lives and properties of citizens.

Whilst JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES, a non-governmental organization committed to promoting the rights, welfare and wellbeing of Persons With Disabilities (PWDs) in the country joins the millions of well meaning and right thinking Nigerians and the international community in condemning the heinous and barbaric acts of killings, abductions and the insecurity engendered by terrorists, bandits, non-state actors, other criminals, their financiers and supporters whoever and wherever they may be, we call for urgent attention to Persons who may have been disabled by this phenomenon.

We call on the federal government, especially the Ministry of Humanitarian Affairs, National Emergency Management Agency, state governments, the armed forces and other intervention partners to urgently identify victim-PWDs from these crises and provide such interventions that would help them integrate into the economic and political lives of their immediate communities and the country at large.

We are convinced that such quick interventions would prevent a stage two crisis such as depression, low self esteem, poverty, and a host of other debilitating post crisis trauma that would further deteriorate their situations.

We also call on military authorities to provide meaningful economic, social, material and other forms of assistance and interventions to service men who are now members of the PWDs community following their sacrifices on the line of duty.

As an organisation focused on advancing the course of PWDs, JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES uses this opportunity to sensitise relevant authorities, CSOs and other stakeholders that the various violent armed conflicts and attacks in the country has caused physical harms, leading to new disabilities or worsening existing conditions.

It has caused families to flee homes, lose livelihoods and resources, forced many, especially old and PWDs, into begging and extreme hardship.

JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES also calls the attention of stakeholders to the struggle PWDs to escape danger due to inaccessible environments, making them targets for abuse, neglect, and exploitation during crises.

Systems and measures must be put in place to pull PWDs from severe neglect, discrimination, and lack of basic needs like food and healthcare which they face in camps and displaced.

Continue Reading

Business & Economy

FG , NSITF , others throw weight behind Social Security Bill …As Senate assures stakeholders of acceptable law

Published

on

By

Senate in session in the chamber

By Our Correspondent

The Federal Government and the Nigeria Social Insurance Trust Fund ( NSITF) Monday threw weights behind bill on Social Security Trust Fund which seeks to harmonize the existing NSITF Act and the Employees’ Compensation Act (ECA) 2010 for better service delivery.

This is as the Senate through its committee on Employment , Labour and Productivity , assured all stakeholders at public hearing organised for their inputs into the proposed legislation , very acceptable law for all .

The bill sponsored by Senator Cyril Fasuyi ( Ekiti North) , primarily seeks to expand the scope of NSITF into social security through harmonization of NSITF Act of 1993 and the Employees Compensation Act 2010 which will transformed NSITF to Nigeria Social Security Trust Fund ( NSSTF).

In his presentation at the public hearing , the Managing Director and Chief Executive Officer of NSITF , Mr Oluwaseun Faleye, commended the Senate for what he termed a “strategic and forward-looking legislative intervention.

The new bill according to him, marks a decisive step towards modernising Nigeria’s social security framework in line with global standards, especially the International Labour Organisation (ILO) Social Security (Minimum Standards) Convention, 1952 (No. 102), and the Tripartite Consultation Convention, 1976 (No. 144).

One of the most significant elements of the Bill, according to him, is the repeal of both the NSITF Act of 1993 and the ECA 2010.

Their co-existence, he explained, had resulted in operational ambiguities, particularly after the Pension Reform Act (PRA) 2014 transferred contributory pension functions from NSITF to the National Pension Commission.

“The consolidation of the two Acts into a single, coherent statute is timely, necessary, and commendable. It eliminates duplication, resolves conflicts, and strengthens the legal framework of the Fund.

“The Bill’s expansion of social security coverage to include informal sector workers and self-employed persons is a historic step towards inclusive protection for all categories of working Nigerians”, he said .

Despite its broad support for the Bill, the NSITF raised concerns about what it described as the “misapplication” of the term Board throughout the document. Faleye warned that using the word to refer simultaneously to governance, oversight, and day-to-day administrative functions could create confusion and weaken accountability.

“The Board meets quarterly, while daily operations are under the Managing Director. The Bill must distinguish clearly between the Governing Board as oversight body, Management as administrators, and the Agency as the implementing institution,” he said.

He recommended that the Bill adopt clearer definitions similar to those used in the Federal Inland Revenue Service (FIRS) Act, where the Board’s role is separated from that of the Executive Chairman, who functions as the Chief Executive and Accounting Officer.

Faleye concluded by reaffirming NSITF’s full support for the passage of the Bill, describing it as “progressive, timely, and aligned with global best practices.”

In his remarks , the Minister of Labour and Employment, Alhaji Muhammadu Maigari Dingyadi described the move by the Senate on the proposed law as very beautiful idea .

He however urged the Senate through its committee on Labour to arrive at safe and acceptable position for all stakeholders by striking the required balance between powers of management team and that of the board .

Though the Nigeria Labour Congress ( NLC) and Nigerian Employers Consultative Association ( NECA ) , kicked against the bill, but NLC led by its National President, Joe Ajaero , later succumbed, saying ” we are not here for we no go gree, we no gree .. ”

” Since many of the other critical stakeholders have supported the bill, NLC is not hellbent in opposing it . But the grey areas we identified during presentation , should be addresed by the committee .

After exhaustive deliberation at the public hearing , the Committee , Chairman , Senator Diket Plang ( Plateau Central ) , assured Nigerians of very acceptable law on social security trust fund very soon .

Continue Reading

Business & Economy

Electric Buses To Crash Cost Of Transportation In Abia,says Gov. Otti

Published

on

By

Gov.Alex Otti of Abia State

By Our Correspondent

Disturbed the increasing cost of livelihoods suffered by Nigerians as a result of subsidy withdrawal by the federal government, Abia State Governor Dr Alex Otti has assured Abians and the residents of Abia that the electric buses which the State Government is bringing into the State will further crash the cost of transportation in the State.

Governor Otti who made the declaration at the November edition of Governor’s Media chat held in Government Umuahia, said electric buses have already started arriving in the State,adding that before the end of the year, the buses would be put on the road for peoples’ use.

He explained that the buses will reduce the cost of transportation,thereby easing means of transportation as well as making life easier for Abians

“Before the end of the year,our electric buses that have started arriving,will be put on the road and that will further crash the cost of transportation in Abia”

The Governor further explained that the Government has also intensified effort on revenue drive, especially those who are owing the government, to ensure that they pay.

” As a government we do not look at faces. As a rule we do not move with touts.As a government sometimes we may intervene and even when we intervene,the defaulters must surely pay”

Governor Otti, expressed appreciation to the people of Abia for their continued support and cooperation,adding that government has continue to pay attention to governance and the government efforts have started yielding positive results.

Continue Reading

Latest

General News12 hours ago

Insecurity: APC Govs meet in Lagos, resolve to forestall banditry attacks

Apparently disturbed by the ravaging attacks of bandits in some parts of the country, Progressive Governors’ Forum have resolved to...

Law & Crime12 hours ago

Police foils cult clash in Anambra, arrest two recover firearm, live ammunition

By Our Correspondent Anambra State Police Command has foiled a planned cult clash in Enugwu Ukwu, Njikoka Local Government Area...

Opinion17 hours ago

Setting the Record Straight on the Defamation Case Involving Senator Natasha Akpoti-Uduaghan

By Jackson Udom On 5 December 2025, Senator Natasha Akpoti-Uduaghan again resorted to social media to claim incorrectly and misleadingly...

Law & Crime20 hours ago

Group condemns release of convicted terrorists by Zamfara Govt demands transparency

By Our Correspondent The North‑Central Writers Advocacy Group (NCWAG), a Nigerian civic accountability and advocacy collective, said it is “profoundly...

Business & Economy20 hours ago

Insecurity: CSO urges Govt, Stakeholders to provide needed help to PWDS

By Joshua Kingsley Kenneth For over two months Nigerians have been awashed with the threat by the United States President,...

Uncategorized1 day ago

NCDMB Unveils $100m Equity Investment Scheme as Nigerian Content Hits 61% in 2025

By David Owei. The Nigerian Content Development and Monitoring Board (NCDMB) has unveiled a $100 million Equity Investment Scheme among...

Uncategorized1 day ago

NSBIRS presents an Award of Excellence to Niger state Judiciary for generating revenue

BY BY UTHMAN BABA-NASEER MINNA The Niger State Board of Internal Revenue service (NSBIRS) has presented an award of excellence...

Law & Crime1 day ago

New Defence Minister Assumes Office ….Assures Defence will take its place fully in the country

By Our Correspondent Barely 24 hours after being sworn in by President Bola Ahmed Tinubu, newly appointed Minister of Defence,...

Politics1 day ago

Rivers Assembly Speaker, 16 others dump PDP for APC

By Our Correspondent Seventeen members of the 10th Rivers State House of Assembly, on Friday, defected from the Peoples Democratic...

Law & Crime1 day ago

Relocation of State Capital to Anioma: Asaba Indigenes,Protest, Threaten violence

By Our Correspondent Angry protesters from Asaba, Delta State have given an insight to what led to their recent Protest....

Trending