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Oil Exploration: Daniel Congratulates Gov. Abiodun, Ogun people

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The media office of His Excellency, The Senator, Otunba Engr. Gbenga Daniel, celebrates with His Excellency, Governor Dapo Abiodun, and indeed all Ogun State citizens over the declaration of the state as a frontier state for oil exploration by Nigerian National Petroleum Corporation Limited (NNPCL).

The recognition of Ogun State oil production status by NNPCL is especially heart-warming as it signposts the fulfilment of the vision kickstarted by the establishment of the Gateway Oil and Gas Development Limited in 2003 by the Daniel Administration, with immense support from former President Olusegun Obasanjo.

In pushing for the recognition of Ogun State as an oil producing state, the Daniel Administration undertook three-dimensional seismic study of oil and other minerals deposits in the state.

The seismic survey covered a vast stretch of the water body in Ode Omi in Ogun Waterside Local Government, all through the Laogo Island, Imobi, Itasin riverine areas in the Ijebu East Local Government and Tongeji Island in Ipokia Local Government Area.

The study then sparked a $50 million investment pledge by PGS Exploration Nigeria Limited in April, 2004. Also, a large deposit of Phosphate was also discovered around Olusosun in Ifo Local Government area which necessitated the siting of the Gateway Fertilizer Company at Olusosun. The Ogun State Agro-Cargo Airport in Iperu/Ilishan and the Kajola FTZ in Ifo were conceived to provide Transport logistics hubs to support all these initiatives.

The arguments of the Ogun State Government then was that it is the only littoral state on the Benin Trough (that is now referred to as Dahomey Basin) that was yet to be recognized as an Oil Producing State. Several strategies were deployed to drawing the attention of the Federal Government to Ogun State with a view to establishing it as an Oil Producing State. Part of the strategies included the hosting of then-NNPC Group Managing Director, Engr. Funsho Kupolokun and other top officials of the oil corporation at a colourful event held at the Valley View Auditorium of the Government House, Oke Igbein, Abeokuta, leveraging the event to get Ogun listed as an oil producing state.

In 2007, a formal Memorandum of Understanding (MoU) on a multibillion-dollar Olokola Liquefied Natural Gas (OK LNG) project between Ogun and Ondo State governments (joint owners of the Olokola Free Trade Zone) and the Nigerian National Petroleum Corporation, as it then was; Chevron, Shell and British Gas (who were the promoters of the project), was signed. The Olokola Free Trade Zone was also billed to host petro-allied establishments such as the Dangote Refinery (now relocated to Lagos). Those in attendance at the signing of the MoU include the Group Managing Director of NNPC, Engr. Funso Kupolokun who also served as the Chairman of the Project’s Steering Committee; the Managing Director of the Nigeria Export Processing Zone Authority (NEPZA), Mr. Shina Agboluaje and a host of others.

Otunba Gbenga Daniel, as the Governor of Ogun State then, at the event, described Ogun State as ” _a veritable factory of skilled manpower that would be readily available for the different players in the FTZ. With ten higher institutions, our state is regularly turning out a considerable number of available manpower that are waiting to be trained further and engaged for productive activities”_ . In order to leverage this skilled manpower base, the administration of Otunba Daniel established the Gateway Industrial & Petro-Gas Institute (GIPI) in 2006, to train technical and professional personnel to support the maintenance of the proposed refinery, petrochemical and allied industries with the aim of creating substantial employment opportunities for the youth and citizens of Ogun State. It is worthy to note that some students of the Gateway Industrial & Petro-Gas Institute then got sponsorship to study in Qatar for the needed skills on Underwater Welding in the oil & gas sector. Furthermore, four ICT Polytechnics (Ijebu Igbo, Igbesa, Saapade and Itori) were also established to create major technical and manpower feed for all three specialised Free Trade Zones (Ogun/Guangdong in Igbesa, Olokola and Kajola) for which Ogun State had obtained licenses to operate. As of 2011 over 60 Chinese companies had started operations at the Ogun/Guangdong Free Trade Zone and in fulfilment of the Agreement duly signed with the Ogun State government, sponsored no fewer than 10 citizens of the state on full scholarships to various technical universities and institutions in China.

We wish to thank Governor Abiodun for seeing through this great vision for which he was first appointed by Governor Daniel in 2009 to succeed Otunba Alex Onabanjo, as Chairman, Gateway Oil and Gas Committee alongside other eminent individuals such as Chief Bode Mustapha (Vice Chairman), Mr. Femi Babalola (Secretary), Mr Idowu Togun, Mr. Wemmy Osude, Mr. Femi Mafe, Late Chief Engr. Femi Tetede.

May we also seek this opportunity to appeal to Governor Abiodun to kindly revisit the situation of GIPI and support its revitalisation in order to take advantage of these underutilized developments.

We also wish to draw the attention of the governor to pending construction of the Makun Omi Bridge via Efire, which was planned by the OGD administration but could not be realised due to the turbulent politics of that time.

We are certain that with the right political will and sincerity of purpose, Ogun State is on its way to economic prosperity as contained in the 25-year development master plan emplaced by the Daniel administration.

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Senate confirms Oyedele as minister

During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.

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The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.

His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.

Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.

During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.

Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.

His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.

Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.

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Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

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PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)

The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.

This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.

The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.

In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.

He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.

He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.

He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.

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JUST IN: IGP Disu Assigns Portfolios to New DIGs

DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.

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The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.

Sources said that the DIGs were assigned departments based on their areas of competence.

DIG Zachariah Fera Achinyan has been deployed to Legal Services,

DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.

Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);

DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.

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