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PIA Implementation: Omoku Community, Oando Head For Collision

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At the root of the impending clash is the alleged withdrawal of the oil company from what the community described as “the age-long tradition of maintenance of electrical facilities in the area.”

The community fears that such withdrawal might throw the community into darkness, thereby depriving them of what they see as “only major benefit of oil exploration” in the area.

According to the chairman of Omoku Development Council, Dr. Christian Ojobah, in a telephone chat with The Atlantic Bell, the community cited a letter which the oil firm wrote to the community hinting of withdrawal from maintenance of electricity facilities in the area. The letter, according to the chairman, indicated that the responsibility has been handed over to the community.

Dr. Ojobah said such a development was “unhealthy, unwarranted and a ply by the company to deprive the community from the only benefit which the people enjoy from the company. This is something that Agip, the predecessor of Oando, maintained over the years. Why will Oando that just took over the assets and liabilities of Agip initiate this kind of anti-community posture.”

“The oil companies have destroyed our mangroves, our farms,our rivers. Our people can’t get firewood anymore, gas is expensive for the rural folks. So, the light which they give us is the only benefit the people derive to enable them power their gadgets. Now, if you leave maintenance of the electrical facilities to the community, it means you want to throw them into darkness,” Ojobah stated.

Dr. Ojobah noted that since Oando took over operations in the area from Agip, Omoku community has not seen any progress. “We expected them (Oando) to continue with what Agip did if they could not add or improve on them. Generate, transmit, and maintain, we are not asking for the entire world,” he quipped.

The Omoku Development Council chairman stated that Oando should not unnecessarily cause a breach of the peace in the area, as according to him, thcompany’s stance on the matter of electrical facilities maintenance is, “provacative”, especially considering the fact that they are still flaring gas in the area.

However, The Atlantic Bell investigations revealed that the stoppage of maitenance of electricaal facilities was a fall-out of the implementation of the Petroleum Industry Act (PIA), which the responsibility of such acts to host communities.

A source in Oando, told The Atlantic Bell that the community leaders ought to be aware that the PIA had taken such responsibilities and handed trhem to communities.

“Communities are paid huge sums of money monthly as afall-out of the PIA.Such funds are expectedto be deployed by the communities to maintain the facilities when they are faulty. The company will continue to generate and transmit, but maintenance is no longer under our purview. That is the law, and Omoku community cannot be the exemption,” the source stated.

The Atlantic Bell recalls that the PIA allocates three per cent of company’s annual profit to host communities. The Host CommunitySection of the PIA provides for hosts communities development trust to foster sustainableprosperity, enhance peace, abd cordial relationship between licensees and lessees, and the communities.

Governor Duoye Diri of Bayelsa State had recentlydescribed the PIA as “a time bomb” that risks inflaming tensionsin oil-producing communities.

The PIA enacted in 2021 was intended to modernize Nigeria’s oil and gas sector, attract investment, and guarantee benefits to host communities. But in the Niger Deltawhere most ofNigeria’s oil is produced, the law has faced criticism during implementation.

Rivers Microfinance Agency Swings Into Action, Targets Financial Inclusion of ‘Poorest Of The Poor’

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True to its promise at inauguration few days ago, to move with the speed of light in ensuring that the people of Rivers State have a greater feel of the impact of the Rivers State Microfinance Agency, the board has swung into action, determined to ensure financial inclusion of the people described as, “the poorest of the poor.”

Chairman of the board of the agency, Professor Adolphus Toby, told The Atlantic Bell shortly after the inaugural meeting of the board held at the agency’s headquarters in Port Harcourt, on Wednesday, September 3, 2025, that one of the topmost priorities of the new board is to ensure that the activities of the agency and its subsidiary, the RIMA Growth Pathway Microfinance Bank, is felt by the people, especially in all the 23 LGAs of the state.

“The law establishing this agency mandates us to use the instrument of microfinance to enhance financial inclusion and ensure wealth creation at the grassroots. For a long time, this has not been done effectively. This board will leverage on its subsidiary, which is a statewide microfinance bank to establish branches in all the LGAs,” Prof. Toby stated.

Toby, a professor of Banking and Corporate Finance, said that by the triangular nature of the issue of microfinance, with RIMA at the centre, the board would adopt the mode of outreach, financial sustainability and welfare impact assessment and analysis of clients, to guide its operations.

“The issue of microfinance has to do with a triangle. At the centre is RIMA. That triangle is made up of outreach. We are going to build our outreach capabilities to the poorest of the poor. The other part of the triangle is financial sustainability. We are going to ensure that this agency and its subsidiary are financially sustainable. Our oversight function will be carried out regularly and diligently to ensure the bank is on track. The third part of the triangle is the welfare impact assessment of the recipients of our loans,” the chairman stated.

The Atlantic Bell learnt that the board has approved adhoc and statutory committees in line with sound corporate governance rules to tackle very critical issues facing the agency and its subsidiary, the bank. This was sequel to the board’s familiarisation visit to the RLMA Headquarters and the RIMA Griwth Pathway Microfinance Bank, which exposed glaring situations that needed urgent attention.

Prof. Toby expressed confidence that the board would excel in its functions since all the members were appointed based on their professional competencies and assured that the working relationship between the board and management of the agency which is defined in the Rivers State Microfinance Agency LawNo.6 of 2008, would be defined by professionalism.
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“The board under our watch shall exercise its independence as provided in the law. Similarly, the relationship between the board and its subsidiary is also clearly defined in the law. In the exercise of its oversight function over the RIMA Growth Pathway Microfinance Bank, we shall also endeavour to be guided by the provisions of BOFIA (2020), CBN Microfinance Regulatory Framework (2012) and the CBN Code of Corporate Governance for Microfinance Banks (2019),” he added.

Prof. Toby assured that the board of the agency under his watch will pursue a strategy that is sustainable, prudent, and development-oriented, stating that the time of spending government finances recklessly was over.

FG issues regulations for digital money lenders, defaulters to pay N100m fine

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In order to address longstanding consumer complaints against the activities of Digital Money Lenders and Mobile Money Operators (MMOs) popularly known as loan sharks the Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025.

Other acts covered in the new law include exploitative practices, data privacy violations, abusive loan recovery tactics, harassment, and anti-competitive behaviour by certain digital lenders and their partners within Nigeria’s rapidly growing digital credit market.

Ondaje Ijagwu, Director of Corporate Affairs at the Federal Competition and Consumer Protection Commission, FCCPC, who disclosed this in a statement on Wednesday, said non-compliant operators of the new regulations face sanctions, which include fines of up to N100 million or 1 per cent of turnover, as well as potential disqualification of directors for up to five years.

“For too long, Nigerians have endured harassment, data breaches, and unethical practices by unregulated digital lenders. These regulations draw a clear line that innovation is welcome but not at the expense of the rights and dignity of consumers or the rule of law.

This Regulations, made pursuant to Sections 17, 18, and 163 of the Federal Competition and Consumer Protection Act (2018), primarily safeguards consumers by establishing a comprehensive framework.

This framework mandates transparency, fairness, responsible conduct, data privacy, and accessible redress mechanisms, all under the oversight of the FCCPC.

It is a crucial step toward regulating Nigeria’s rapidly expanding digital lending sector.

These regulations draw a clear line that innovation is welcome, but not at the expense of rights and dignity of consumers or the rule of law.
“This Regulations provide the legal tools to hold violators accountable and promote responsible digital finance. No consumer should be harassed, defamed, or lured into unsustainable debt under the guise of digital lending.”

The Regulations, which came into effect on July 21, 2025, establishes a robust legal framework to register, monitor, and sanction all forms of digital and non-traditional lending in Nigeria.

Applicable to all unsecured consumer lending conducted through electronic, online, mobile, or other non-traditional means, the regulations set out clear requirements for registration, transparency, data privacy, ethical recovery, fair interest rates, and responsible lending. Critically, the Regulations prohibits pre-authorised or automatic lending, compels clear and accessible loan terms, bans unethical marketing, and mandates local ownership of at least one service provider for airtime and data lending services.

It also requires joint registration of all lender partnerships and prohibits monopolistic or dominance-based agreements without prior Commission’s approval. Under its provisions, all digital lenders must register with the FCCPC within 90 days of commencement.

Approval is dependent on meeting consumer protection, data compliance, and transparency.

The FCCPC urges all current and intending providers of digital lending services, including Mobile Money Operators (MMOs), Digital Money Lenders (DMLs), and service partners, to visit http://fccpc.gov.ng for application forms, guidelines, and compliance requirements.

The Commission advised consumers to report unlawful or unregistered lenders, unfair interest rates, or privacy violations to the Commission through its complaint portal:

Nigeria records N20.59trn revenue in 8 months

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The Federal Government on Wednesday announced that Nigeria recorded its strongest fiscal performance in recent history, mobilising N20.59 trillion in revenues between January and August 2025.

According to the figures, the collections represent a 40.5 per cent increase compared with N14.6 trillion in the same period of 2024, with non-oil sources contributing N15.69 trillion — three-quarters of the total.

This was disclosed in a statement on Wednesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

Onanuga said President Bola Tinubu, while receiving a delegation of the Buhari Organisation led by Senator Tanko Al-Makura on Tuesday, attributed the performance to reforms aimed at strengthening compliance, digitising tax administration, and reducing government borrowing.

Tinubu noted that the Federal Government has not borrowed from local banks since the start of the year.

Onanuga explained that the President said increased revenues have translated into record disbursements to subnational governments.

According to him, for the first time, monthly allocations from the Federation Account Allocation Committee to states and local governments exceeded N2 trillion in July 2025.

Despite the gains, he added that Tinubu admitted revenues remain insufficient to fully meet government ambitions in education, health, and infrastructure, but assured that efforts are ongoing to bridge the gaps.

Onanuga described the development as a major shift away from decades of oil dependence.

“Nigeria’s fiscal foundations are being reshaped. For the first time in decades, oil is no longer the dominant driver of government revenue. The combination of reforms, compliance, and digitisation powers a more resilient economy,” Onanuga said.

The Presidency further noted that the Nigeria Customs Service collected N3.68 trillion in the first half of 2025, exceeding its target by N390 billion and achieving 56 per cent of its annual goal.

It added that while inflation and exchange rate revaluation contributed to the rise, the growth was largely reform-driven. Final validation of the revenue figures will be published by the Budget Office at the end of the year.

Eid-ul-mawlid: FG Declares Friday Public Holiday

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The federal government has declared Friday, 5th September 2025, as a public holiday to commemorate the celebration of Eid-ul-Mawlid, the birth of the Holy Prophet Muhammad (Peace Be Upon Him).
Nigeria’s Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, extended warm felicitations to Muslims Umah in Nigeria and across the world on this occasion

In a statement Wednesday in Abuja, signed by the ministry’s permanent secretary, Dr. Magdalene Ajani, further called on Nigerians, regardless of their religious beliefs, to use the occasion to pray for the peace, security, and stability of the country, while supporting the Federal Government’s efforts in fostering national harmony and sustainable development.

“The celebration of Eid-ul-Mawlid offers us yet another opportunity to strengthen the bonds of brotherhood, promote peaceful coexistence, and imbibe the Prophet’s teachings of mutual respect and selfless service to humanity,” the Minister stated.

Dr. Olubunmi Tunji-Ojo also urged citizens to remain law-abiding, security conscious, and supportive of government policies aimed at ensuring the collective well-being of all Nigerians.

Ogoni Traditional Rulers Back President Tinubu Over Appointment Of HYPREP BoT Chairman, Rt. Hon. Deeyah, Others …Congratulate Khana LGA Chairman, Dr. Bariere Thomas Over Election Victory …Commend President Tinubu for Providing Critical Infrastructure in Ogoniland …Warn Against Media Attacks on Wike, Khana Sons, Daughters …Urge Inclusive Government Beyond Political Divides” – By Ken Asinobi

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The Khana Local Government Traditional Rulers’ Council has expressed strong support for President Bola Ahmed Tinubu’s recent appointments of notable sons and daughters from the Ogoni community to key national positions.

Rising from an extraordinary meeting held in Bori on Monday, September 1, 2025, the council in a communiqué read by the chairman of Khana Local Government Area Traditional Rulers, Council, His Majesty, King Dr. Baridam Suanu Timothy Yormaadam, JP, Amb.P, FNIS, FCSI, FNIM, Finr-S.A, MCI’rb. Gbenemene & Kasimene of the Ancient Bangha Kingdom, Ogoni Land VIII/ Secretary Supreme Council Forum of Africa Traditional Authorities (FATA) praised the President for establishing the Federal University of Environment and Technology (FUET) in Ogoniland, and the appointment of Professor Don Baridam as Pro-Chancellor and Chairman of the University’s Governing Council.

The traditional rulers also hailed the appointment of the President of KAGOTE, Rt. Hon. Emmanuel Nwiika Deeyah as the new Chairman of the Board of Trustees of the Hydrocarbon Pollution Remediation Project, (HYPREP).

The Khana royal fathers described these appointments as a positive step toward empowering the Ogoni community and fostering inclusive governance.

The council further congratulated Hon. Dr. Bariere Thomas on his election as Chairman of Khana Local Government Area, along with the 19 newly elected councilors during the August 30, 2025, local government council elections, urging the new leadership to govern inclusively, serving all people of Khana regardless of political affiliations.

Addressing concerns over recent media criticisms, the council strongly condemned the attacks on the Honorable Minister of the Federal Capital Territory, Chief (Barr.) Nyesom E. Wike, CON, as well as on Rt. Hon. Emmanuel Nwiika Deeyah and other sons and daughters of Khana.

The council described such media attacks as irresponsible and pledged to impose sanctions if they continued, emphasizing the need to uphold the dignity of the Ogoni leaders.

The Traditional Rulers’ Council reaffirmed their backing of the President’s constitutional right to make appointments and called for unity and respect within the Khana people to ensure peace and development in the region.

The resolutions mark a clear endorsement of President Tinubu’s efforts to elevate the Ogoni community and a call for clean, inclusive governance in Khana Local Government Area going forward.

Full text of the communiqué:

Khana Local Government Traditional Rulers’ Council Resolution At The End Of The Extraordinary Meeting Monday, 1 September 2025 Bori (Traditional Headquarters of the Ogoni People)

The Khana Local Government Traditional Rulers’ Council met on Monday, 1 September 2025 and resolved as follows:

1. We thank His Excellency, President Bola Ahmed Tinubu, GCFR, for establishing the Federal University of Environmental and Technology in Ogoniland.

2. We further express our gratitude to the President for appointing distinguished sons of Khana Local Government Area to serve our fatherland at top levels including Professor Don Baridam as Pro‑Chancellor and Chairman, Governing Council of the Federal University of Environment and Technology and Rt. Hon. Emmanuel Nwiika Deeyah as Chairman, Board of Trustees, Ogoni Trust Fund (HYPREP).

3. We congratulate Hon. Dr. Bariere Thomas on his election as Chairman, Khana Local Government Area and the 19 councillors that were elected on 30 August 2025. We enjoin the Chairman and councillors to see their election as a service to the entire Khana people, not minding political differences. We urge that they should run an inclusive government.

4. Council is displeased with the continued and most irresponsible media attacks over the appointment of Rt. Hon. Emmanuel Deeyah. The President is the head of the executive arm of government and has the constitutional right to make such appointments. We therefore, give full backing to Mr. Deeyah’s appointment.

5. Council is appalled at the continued attacks on the office and person of the Honourable Minister of the Federal Capital Territory, Chief (Barr.) Nyesom E. Wike, CON. We condemn such attacks and make further entreaty to His Excellency, Mene kwalenu 1 of Ogoni, a title that was jointly conferred by all Chiefs and Traditional Rulers of Ogoni land, to always remember reputable sons and daughters of Khana Local Government for placement in offices as he is doing.

6. Council further condemns continued unwarranted attacks on our sons and daughters through the media and warn that any further attacks will be met with stiff sanctions by the Traditional Rulers.

(Signed)

His Majesty, King Dr. Baridam Suanu Timothy Yormaadam, JP, Amb.P, FNIS, FCSI, FNIM, Finr-S.A, MCI’rb. Gbenemene & Kasimene of the Ancient Bangha Kingdom, Ogoni Land VIII/ Secretary Supreme Council Forum of Africa Traditional Authorities (FATA)

For: Khana Local Government Recognized Traditional Rulers and Paramount Rulers

Date: 1st September 2025

FCT Slams N5m Fine, 7.5% Charge On Land Defaulters

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The minister also assented to a 7.5 per cent charge on the Assessed Capital Value of properties converted without the knowledge or express permission of the FCT Administration, payable within 30 days.

Wike gave the approval after receiving the report of the committee set up to address the abuse of the Land Use Act in the FCT in his office on Tuesday.

The minister had inaugurated the committees on August 8, 2025, describing the issue of land abuse as “very important” in streamlining the activities of the FCT

Chairman of the Land Use and Purposes Clause Committee and Director of Development Control, Muktar Galadima, said the committee found that many properties on Ademola Adetokunbo Street, Aminu Kano Crescent, Yakubu Gowon Street, and Gana Street, among others, had been converted to residential, commercial or mixed usage, contravening the original agreements.

He added that the total capital value of the said properties amounted to N1,037,478,716,500, while recommending various sanctions on the defaulting title holders, including sealing of property, removal of buildings and structures, revocation and withdrawal of titles, if they

Chairman of the Land Use and Purposes Clause Committee and Director of Development Control, Muktar Galadima, said the committee found that many properties on Ademola Adetokunbo Street, Aminu Kano Crescent, Yakubu Gowon Street, and Gana Street, among others, had been converted to residential, commercial or mixed usage, contravening the original agreements.

He added that the total capital value of the said properties amounted to N1,037,478,716,500, while recommending various sanctions on the defaulting title holders, including sealing of property, removal of buildings and structures, revocation and withdrawal of titles, if they failed to pay the fines.

The Committee hereby recommends as follows: That, allottees/title holders of land and properties affected by the land use change/conversion, pay within thirty (30) days from the date of conveyance of approval, Land Use Conversion fee of 7.5% of the assessed Capital Value of the properties as contained in the Schedule/Valuation Report Sheet.

That, allottees/title holders of the land and properties affected by the land use change/conversion, in addition to payment of Land Use Conversion fee, pay statutory Right of Occupancy bills applicable for the new land use/purpose clause and as charged for the District;

“That, where illegal/unapproved extension, merger and subdivision has been established, the allottee/title holder of the property… pay, within thirty (30) days from the date of conveyance of approval, extension/merger/subdivision fee of the extant 2.0% of the assessed Capital Value of the properties as contained in the Schedule/Valuation Report Sheet,” Galadima said.

The minister, in his address, commended the committees for their work, stating that no defaulter would be allowed to go scot-free, as the administration was interested in raising money to carry out projects.

“I’m not going to leave anybody to go free. We are looking for money to carry on projects. If you fall into our trap, it’s your business.

“Or if you want us to take back our title, which we are not interested in taking back. We are trying to raise money for the FCT. But if you don’t want, we take back your title, we sell it, we will still raise money. You have to pay the penalty and pay for the conversion, they are two different things.

“I’m aware that certain areas are designated for residential, and certain areas are designated for commercial. But people believing that they can do anything without approval from the government, some have changed residential to commercial, some have changed commercial to residential, and some have changed for all kinds of mixed uses. If you don’t sanction them, it will continue to be so,” Wike stated.

PDP Governors Blow Hot, Says Party Won’t Bow To Impunity…Reads Riot Act To Dissenting Members

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Governors elected on the platform of the Peoples Democratic Party have pledged to enforce discipline within the party by declaring that the PDP will not yield to arrogance, impunity, or divisive tendencies.

Speaking on behalf of the governors, Chairman of the PDP Governors’ Forum and Bauchi State Governor, Bala Mohammed, said during the inauguration of the National Convention Planning Committee on Tuesday that they are not cowards and are prepared to confront anyone who attempts to obstruct the party’s progress.

He was reacting to threats by Wike and his group, who have continued to challenge the party’s National Elective Convention scheduled for November 15 and 16 in Ibadan, Oyo State.

On Monday in Abuja, after their meeting, Wike’s camp listed six conditions the PDP leadership must meet for the convention to hold peacefully.

In response, Mohammed insisted that the governors would not be distracted, stressing that the convention would proceed as planned.

Bauchi Governor stated, “We are not cowards, and we are not afraid of anybody

“We are capable of navigating this party beyond the shenanigans, beyond the arrogance, and beyond the impunity of others.

We can not continue to take part and allow people to take us to the slaughterhouse. That’s our job.

“And our job is to make sure we don’t go to the slaughterhouse.

“And we are working as governors and working with the committee to ensure that. The keyword is discipline.

“We will no longer allow or tolerate anybody to take us for granted. It has to stop. Enough is enough. We are not going to tolerate it any longer.”

FG To Privatise 91 public companies

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The Federal Government has through the Bureau of Public Enterprises (BPE) announced plans to privatise 91 companies. The privatisation is expected to help the government raise greater revenue, create jobs and achieve overall performance on the sectors.

The Director General of the BPE, Mr. Ayodeji A. Gbeleyi disclosed this at a media briefing in Abuja on Tuesday September 2, 2025. He informed that two Electricity Distribution Companies (DisCos) and one generation company (GenCo) have been listed for the Initial Public Offering (IPO) on the Nigerian Stock Exchange.

He, however, did not disclose the companies or the amount to be generated from the exercise. According to him, that would be determined in the course of the exercise.

The DG added that the power sector has the potential to be a good candidate for an IPO on the Nigerian exchange, and that the agency is currently working on it.

“On the IPOs of potential DisCos and GenCo, at this stage, because of transaction confidentiality, we are not in a position to disclose two out of the 11 DisCos.

“We are also unable to disclose the GenCo that is the target for confidentiality, and to avoid causing anxiety or concern, whether among labour, workers, or the wider society,” he said.

As it affects the Nigerian Electricity Supply Industry (NESI), the DG stated that 23 power plants are connected to the national grid, and in most cases, as many as five could be put out of operation due to several constraints, including gas, transmission, vandalism, and illiquidity in the sector.

“The BPE is yet to state the criteria for seeking shareholders for the unmentioned assets, making it pretty difficult to guess the ones in question,” he said.

Gbeleyi, who outlined the reforms under the president Bola Tinubu administration, stated that shareholders’ loan agreements were recently executed for 10 out of the 11 DisCos. According to him, the disbursement of the loan would begin soon.

Concerning the privatisation of five GenCos, the DG informed that the transaction has been put on hold due to exchange rate volatility and other factors.

“The transaction is held in abeyance. It was in the middle of the transaction that we recorded a massive exchange volatility.

“When the transaction started in 2021, official exchange rate was around N450, but as of last year, the exchange rate was averaging N1,600 to a dollar. Today, it is N1575.

“So, the fundamentals of the transaction changed along the line, but government is still keeping an eye on it,” the DG said,

He, however, frowned that the GenCos have not keyed into the eligible customer regulation because of transmission challenges.

“Eligible customer will also need transmission capability. If you produce power in Zungeru and need to sell it in Egbin Power, there will be transmission infrastructure available for you to dispatch your power.

“It is not just about the eligibility of customers, but you must also ensure that you have the wheeling infrastructure to deliver that power to that eligible customer.”

The DG further revealed that core investors of four DisCos remained intact while seven have been restructured, stressing that the unbundling of the Transmission Company of Nigeria (TCN) led to the creation of the Nigerian Independent System Operator (NISO) to promote market independence and efficiency.

Concerning metering, he noted that, as of March 31, 2025, the industry had 6,468,036 meter installations.

Work On $3.5 billion Brass Fertiliser, Petrochemical Firm begins, October

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The Managing Director of Brass Fertiliser and Petrochemical Company, Chief Ben Okoye, disclosed this on Tuesday, September 2, 2025, during a courtesy visit by the company’s management team to the Bayelsa State Governor, Senator Douye Diri at Government House, Yenagoa.

He said the visit was to formally inform the state government that work on the $3.5 billion project would commence in October this year.

Chief Okoye explained that the 10,000 metric tonne per day methanol project was delayed due to the lack of an agreement on the gas component. However, he stated that President Tinubu last October directed the Minister of State for Petroleum (Gas) to initiate the project, and that the agreement was signed in January this year.

He assured the state government that the necessary steps have been taken to fully implement the project and thanked the governor for constructing the Nembe-Brass road, which he noted would save the company up to $100,000 in logistics costs for transporting equipment and materials by river to the project site.

The Project Coordinator, Mr. Cyril Akika, in a presentation, listed the project’s benefits, which include economic transformation, as it would increase tax revenues, royalties, internally generated revenue, boost Bayelsa SMEs through project supply chains and equity dividends for the state.

Other benefits include infrastructure and community impact, positioning the Brass Free Zone as a global petrochemical hub, as well as the development of a port, jetty, logistics base, and a 300MW gas-fired power plant to ensure energy security, among other advantages.

Responding, Senator Diri commended the company for the visit and requested an equity stake in the Brass Fertiliser and Petrochemical Company project.

The governor stated that the state’s stance was necessary due to the negative consequences of excluding oil-producing states and local governments from the Petroleum Industry Act (PIA).

Senator Diri argued that the implementation of the PIA has been hindered in host communities due to irregularities in the legislation.

He noted that the disregard in the PIA of the Nigerian Constitution, which vests control of land in the state government, was a flaw that has necessitated calls for its review.

The governor expressed the hope that the petrochemical company would be different and urged the management to partner with the state government to correct the imbalance and avert conflicts in its host communities.
Diri, who commended the President Bola Tinubu administration for resuscitating the project, said it was long overdue.

He said that the Brass Fertiliser and Petrochemical Company was conceptualised in 2009 but gained some traction during the administration of his predecessor before it fizzled out again.

He also appreciated the president for his positive response to the state’s requests for federal government presence, exemplified by the revival of the fertiliser and petrochemical project.