Saturday, 8 September 2012

Petroleum Minister Diezani Alison-Madueke Cuts Short London Treatment Trip.


Petroleum Resources minister, Diezani Allison-Madueke 
 
By SaharaReporters, New York
 SaharaReporters has learnt that Petroleum Minister, Diezani Alison-Madueke, has cut short her London trip to avoid further concerns about her condition of health. The minister who has  remained in London where she is receiving treatment for an undisclosed illness as an out-patient will cut short her trip by one week and return to Nigeria by Monday morning.
After SaharaReporters reported that Mrs. Alison-Madueke was receiving medical treatment at a UK hospital, she used Facebook to issue a rebuttal, declaring herself healthy.
However, several sources have since confirmed that she had been making numerous trips to London for purposes of medical treatment.
A source at the Petroleum Ministry also told SaharaReporters that staff of the ministry as well as the Nigerian National Petroleum Corporation (NNPC) had been flying to London with files that require the minister’s attention and signature. “Madam has been signing files in London for more than one week,” said the source, adding that nobody in the Ministry has a clue when Mrs. Alison-Madueke left Nigeria until SaharaReporters broke the news.
Mrs. Diezani Alison-Madueke is extremely close to President Goodluck Jonathan. Shielded by that closeness, she has carried out numerous scams and acts of corruption in the oil sector. In turn, the deals have enabled her to accumulate what one insider in the oil industry described as “a huge fortune at the detriment of Nigerians.”    

Patience Jonathan Had Fibroids Removed; Husband Plans Secret Visit To German Hospital.


First Lady, Mrs. Patience Jonathan.
 
By SaharaReporters, New York
Doctors at a German clinic performed a surgical procedure on Patience Jonathan to remove uterine fibroids, SaharaReporters has learnt from a presidency source. The source added that the fibroids might be cancerous, even though he could not confirm it as German doctors are reportedly conducting further tissue testing.
Another source disclosed that President Goodluck Jonathan was planning a quick and secret trip to Germany to see his ailing wife. Mrs. Jonathan remains hospitalized in Germany almost eleven days after she was airlifted there from Abuja early last week.

SaharaReporters first broke the news that Mrs. Jonathan had been flown to a German hospital for medical treatment for "food poisoning", a condition for which she was reportedly misdiagnosed by doctors at the Presidential clinic in Aso Rock.
“The First Lady underwent surgery for the removal of uterine fibroids,” said our source who is close to the Jonathans.

SaharaReporters had earlier reported that Mrs. Jonathan had traveled to Dubai to have a procedure performed. She then hurriedly returned to Nigeria before she was airlifted to Germany for urgent medical care.
We could not ascertain whether she had tried to have the fibroids removed in Dubai, but other sources had disclosed that she developed an infection in Dubai that necessitated her return to Nigeria and quick evacuation to Germany.
Mrs. Jonathan’s trip to Dubai and Germany had been covered in secrecy before SaharaReporters reported both events.
Sources close to the First Lady had also told SaharaReporters that her closest friend, Bola Shagaya, had convinced her to undergo some form of cosmetic surgery to enhance her looks.
A source in the Presidency told SaharaReporters that President Jonathan was planning a secret trip to see his hospitalized wife in Wiesbaden, Germany. Mr. Jonathan is taking off for official visits to Malawi and Botswana, but our source said the president will fly secretly into Germany from South Africa to visit his wife before returning to Abuja.
 

Friday, 7 September 2012

Airport Expansion to gulp N106 billion in Chinese Loan.


Minister of Aviation, Stella Oduah.

The Federal Government has disclosed plans to borrow N106 billion from the Chinese in order to expand 6 airports across the country. The airports that will be expanded by Chinese contractors are Lagos, Abuja, Rivers, Kano and Enugu.
Aviation minister, Stella Oduah said: “As we travel round the world, we see and admire international airports in other countries and wish that our nation could boast of just one that can truly go by the name international airport. Today, following the approval of FEC, we have concluded arrangements to commence construction of not just one, but five brand new, world class international airports.
“The company that is doing the execution is a Chinese company. When the Chinese NEXIM or any country NEXIM gives a loan, that country’s contractor will have to do the execution. That is the process we follow.
“They will have to decide on who will do the awarding of the project, so ours is for Bureau of Public Procurement (BPP) to check if its in line with our regulation to ensure that the loan is in order. Once BPP gives no objection then we are free. Secondly, on what it will be spent upon, I want to say they are five international airports and six international perishable cargo terminals and all that is N106 billion all inclusive.”
The airports will be completed within two years with a concessionary loan of 22 years and five years moratorium of an interest rate of 2 per cent.
Also the minister disclosed that the first phase of the aviation roadmap, which is the remodeling and reconstruction of 11 airports around the country had reached 80% completion.
“These include: the Murtala Mohammed International Airport and the General Aviation Terminal (GAT), both in Lagos; Nnamdi Azikwe International airport, Abuja; the Port Harcourt International Airport, Omagwa; the Akanu Ibiam International airport, Enugu and the Malam Aminu Kano International Airport, Kano. Others include the Margaret Ekpo International Airport, Calabar, Yakubu Gowon airport, Jos; the Yola, Kaduna and Sam Mbakwe Airport Owerri,” Oduah explained.

BusinessNews.

Why We Lifted Dana Air’s Suspension – FG.


The minister of Aviation, Stella Oduah, has said Dana Air was allowed to resume operations as it was not indicted by the Accident Investigation Bureau (AIB).
Oduah said: “The AIB as you are aware have released their preliminary report; it was a very good report. There was no conviction that it was Dana’s fault. NCAA has also done their air worthy check on the airline and they were freed for that and usually, you do not ground in whole term for an accident because as regard some airline, which had an accident not too long ago such as Air France, Kenya and Ethiopian airlines, the same thing happened.
“Not because of the company service, it was an isolated issue, but before that we had to do airworthy check on the company as a whole including the administrative, technical and the preliminary report exonerated them. NCAA report also exonerated them. Remember we set up a panel as well, they also exonerated them.
“Therefore we isolated them because there is still ongoing investigation. It is still under AIB investigation and until that is done, we will not know if it is the engine or the pilot, so we cannot apportion blame now. We are not allowed to. But as an isolated investigation, as they come, as an airline operator, they have been exonerated, that is why we are exonerating them, that’s why we are allowing them to fly and it was not their licence by the way that was suspended.”
She also said only the AIB was allowed to investigate air crashes in the country. Analysts believe this is an attempt to discredit the investigation the Lagos State Coroner’s office is spearheading. An investigation which is said to indict Dana airlines.

BusinessNews.

Introduction of N5,000 note will cause inflation, kill small businesses – Obasanjo.


Former President, Chief Olusegun Obasanjo has joined the leagues of other Nigerians currently kicking against the planned introduction of N5, 000 notes by the Central Bank of Nigeria (CBN). He noted that it would kill production and affect small businesses negatively. Obasanjo said this in Lagos at a roundtable advocacy forum organized by the Institute of Directors, stating that the approach of the Central Bank governor, Mr. Lamido Sanusi, towards fighting inflation through cash regulation was not proper.
He said some observers had suggested that the Vision 2020 blueprint was somewhat of an ambitious agenda, which was unrealizable, considering the frightening challenges confronting businesses in the country.
According to former leader,  the 2012 annual report of the International Finance Corporation and the World Bank publication titled, ‘Doing business in a more transparent world was paying off,’ Obj noted that a good number of African countries took crucial steps towards encouraging more local entrepreneurs to come into the formal economy over the past 12 years. He said, “Across the continent, 15 countries lowered barriers to entry for new businesses, 23 facilitated access to credit, and seven made it easier to pay taxes. Nigeria is not in any of these leagues.
“In its 2008 report, Nigeria ranked 108 out of 178 countries and in the space of four years, we rank 137 out of 183 countries measured.
This is a damning report on our business environment and, therefore, calls for more concerted efforts by various stakeholders on how to ensure that this trend is reversed and the Nigeria business environment is made more conducive for investments and less costly for businesses to thrive. We cannot aim for 2020 if we do not halt the downward spiral.”

Daily Post.

VOICE OF LIBERTY: The crude pains of crude oil a generation must avoid ~ Japheth J Omojuwa.


VOICE OF LIBERTY: The crude pains of crude oil a generation must avoid ~ Japheth J Omojuwa

Ghawar is the largest oil field in the world. It has produced over 60 billion barrels of oil so far. This field alone accounts for about 50 per cent of Saudi Arabia’s daily output of around 11 million barrels per day. If the oil at Ghawar runs out for a week, the world would be in a state of chaos reminiscent of an apocalypse. Note that the Ghawar field produces more than twice Nigeria’s daily production that averaged 2.12 million in the second quarter of 2012. The sad reality about Ghawar is that a lot of water is increasingly being used to get oil out of it. This simply means that Ghawar needs to be pushed harder than ever to do what it used to do without this process. Ghawar is a well in decline.

Why is Ghawar on the radar of a piece that speaks of Nigeria’s 4 million barrels per day? It is simple enough; Ghawar offers us the picture of a reality we may not be primed to see in Nigeria because here the things we are allowed to see are not real and the real ones are never seen except you look elsewhere and get lucky with a reflection. Ghawar is the reflection of the fact that Nigeria’s economy cannot not be based on oil in 30 years’ time. Apart from alternatives that abound in research labs all over the world, most oil wells the world over have reached their peak. A barrel of oil sold for $12 only recently in 1999. It hovers around 1000 per cent of that today. What problems exist in the world today that did not exist then? These rising oil prices will be excused on many factors but one factor the oil producing countries would rather have you ignore is that their oil wells are increasingly weakening. Like Ghawar, the baby oil wells have to be pushed to produce at least as much as what they used to. The production processes are essentially now costlier and since these are not helping to produce more, price increase is naturally an attendant effect of that.

During the first term of President Olusegun Obasanjo when the country produced about 2.2 million barrels per day and had reserves of 25 billion barrels, the government had ambitious targets that looked feasible at the time. Nigeria expected to have 30 billion barrels in reserve and to produce 3 million barrels per day in 2003. The projections for 2010 were even more ambitious but compared to those of 2003, a period of seven years before it, you’d agree targeting 40 billion barrels in reserves and 4 million barrels per day in production were in order. The country never reached both milestones. In fact, Nigeria today produces less than when the projections were made.

You would look at militancy, oil bunkering and all the criminality around the exploration and production as the cause of these problems but they are only a part. Take a deep look into the nation’s oil wells, you’d find that they are not the endless pool of wealth our rulers – Obasanjo and co – thought them to be. We were to be producing 4 million barrels per day in 2010 and today in 2012 over a decade after those projections were made, we are producing even less than the year of the bench mark.
Do you need me to break it down? Our generation, this generation that uses New Media to save lives, this generation on whose shoulders Nigeria’s future lie, cannot be thinking of running this country on the wheels of petro dollars. To do so would be to suffer more crude pains as we are suffering today. The difference being that ours will be crude pains without crude oil. Time for a new order…

Terrorism: Telecoms firms threaten to cut off North.


Major providers of mobile telephony  in the country  have threatened to withdraw  their services from the  North.
They hinged their threat on the spate of attacks on  base stations which has made them to lose a whopping N1.03bn.
The umbrella body of the telecoms operators, the Association of Licensed Telecommunications Operators of Nigeria, on Thursday said its members were losing too much to the development and may close shop if it became too dangerous to operate in the region.
The major GSM providers – MTN, Glo, Airtel and Etisalat – are all members of ALTON.
Gunmen, also on Thursday reportedly bombed a base station belonging to an indigenous telecoms infrastructure company, IHS Nigeria, in Kano, barely 24 hours after the attack on several base stations in Borno, Yobe, Bauchi and Gombe states.
The Executive Director, Commercial and Business Development, IHS, Mr. Gbenga Onakomaiya, who confirmed the development to our correspondent on Thursday, said one of the company’s base stations was bombed in Borno on Wednesday while another one was bombed in Kano on Thursday morning.
Officials of ALTON put the number of base stations that had been attacked in the north at 26.
President of ALTON, Mr. Gbenga Adebayo, who decried the situation, said  “If it becomes impossible to continue to do business in the face of rising attacks on telecoms sites, operators will naturally suspend operations in the area.
“This is because beyond base stations, these elements may begin to target telecoms operators‘ offices and data centres among other key infrastructure. That is why it is important that the situation is curtailed before it gets to that point.
“During military coups, dissidents attack newspaper and television houses as well as telecommunications centres and infrastructure to destabilise the government. This is not different from what we are experiencing now as people’s phones can’t be reached in the affected areas.”
The ALTON president said an emergency meeting of the association’s executives had been called for today (Friday) to decide on what next to do.
A Chief Executive Officer of one of the GSM companies, who asked not to be named, said though the company was not contemplating suspending its operations as of now,  it could be forced to do so if the situation persisted.
“We are not contemplating the withdrawal of services as of today but if the situation continues like this in the next four to five days, we may have to withdraw service. But we are not contemplating that now,” he said.
Telecoms infrastructure analysts in the country have put the average cost of a base station at $250,000, which amounts to N39.47m at an exchange rate of N157.91 to a dollar as at Thursday.
With 26 base stations already destroyed, an investment of N1.03bn might have gone down the drain.
Contrary to the belief that only MTN, Airtel and Glo were affected, the Executive Secretary, ALTON, Mr. Gbolahan Awonuga, said the attack affected all telecoms operators, including  Multilinks and Helios Tower.
When contacted, an official of Helios Tower, said that about three of the company’s  base stations were also affected.
He confirmed the report that services had been disrupted in the affected areas as  engineers had been finding it difficult to give adequate reports of the situation because they couldn’t be reached.
Onokomaiya, who attested to the seriousness  of the situation, said, “One of our base stations was bombed in Borno on Wednesday and another was bombed in Kano this morning (Thursday). The base station was completely burnt out. The generators, shelter and equipment are gone. The only things remaining now are the towers and we have to assess them to ascertain their integrity.”
A formal report sent by Multilinks to ALTON, which was made available to our correspondent, confimed that Multilinks base stations located at Mainok Village, Borno and another one at Abari Village in Damaturu, were damaged.
The report said, “Reports obtained from our personnel indicate that extremists numbering about 40 stormed the area at about 22:20 Hrs on 05/09/2012 and immediately launched an attack on the MTN cell site. After the attack on MTN cell site, the extremists proceeded to our site which is close to the MTN site to launch a similar attack.
“As at this (Thursday) morning,  the extent of damage done to  the site is yet to be ascertained as contact with the security men is yet to be established after the attack.
“ Also our Abari site in Damaturu which is not on air was reportedly attacked also. Details remain sketchy as those resident in the area were  all indoors.”
Stakeholders urged the Federal Government to wade into the issue to ensure that the safety of lives of operators’ personnel and agents was assured.
Key stakeholders had called on the Federal Government to bestow on ICT infrastructure a Critical National Security Infrastructure pending the time appropriate laws would be enacted to strengthen it.
“The time has come for the passing into law of the National Security Bill pending in the National Assembly which must be made all-embracing by giving telecoms industry a critical mention in the bill,” a former Executive Vice- Chairman, Nigerian Communications Commission, Mr. Ernest Ndukwe, said.

via Punch.