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In order to bring to a definite end the re-occuring issue of the actual boundary between Rivers State and Imo as well as the owners of various oil wells between the two states, the Imo State Governor Senator Hope uzodinma has met both the Federal Government as well as the Government of the Rivers State to ascertain the actual place or places that are the boundaries between Rivers and Imo State.
This is even as the presidency has given him nod to the request and urged the surveyor General of the Federation to meet with that of Imo and Rivers to discuss and ascertain in actuality the boundary between the two sister states.
At the time of filling this report, the date in which the surveyors concerned and the two states had not agreed on the date to define the boundaries but available information to Lead revealed that they have agreed to meet in no distant time.
The issue of the actual boundary between Imo and Rivers has always posed a problem between the two states and the states have not been able to define it.
During the time of Achike Udenwa as the Governor of Imo State, this issue of boundary adjustment came up but the states could not arrive at a definite conclusion.
Senator Hope Uzodinma has accused the Rivers State Government of taken inventory of some of the oil wells that are on the lands of Imo State in Oguta and Egbema areas.
However, with the presidency given nod for the two sisters states of Imo and Rivers to define their boundaries, it implies that the issue surrounding the boundaries would soon become a thing of the past.
If Uzodinma succeeds in getting back some of the oil wells which according to him belongs to Imo but their dividends go to Rivers Government, it implies that he has achieved one step towards the government of prosperity which he said, he is bringing to Imo because it would impact on the percentage which Imo receives as one of the oil states in Nigeria

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CAC moves its manual application online




The Corporate Affairs Commission has announced on monday that her previous methods of submitting documents manually, has been moved online.

This was disclosed via their official twitter handle, wherein they stated that all manual registration remains open until Wednesday, 31st March, 2021.

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The commission added, that starting from Monday, 8th March, 2021, all post-incorporation applications to be submitted manually to the commission shall be made using the new application forms in the Companies Regulations 2021 and as approved by the Honorable Minister FMTI.

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Dangote refinery will strengthen Nigerian economy – National Assembly



Dangote refinery will strengthen Nigerian economy - National Assembly

The Oil refinery being built by Dangote Group will strengthen the Nigerian currency and prevent economic crash down when it starts its operations.

This was stated by the Legislature on Tuesday, during an inspection visit to the site of the Dangote refinery, petrochemicals complex, fertilizer plant, and subsea gas pipeline projects in Lagos.

The Chairman, Senate Committee on Petroleum Industry Bill, Mr Sabo Nakuda, said, “With the new PIB coming up, we intend to visit all the other refineries, not only Dangote refinery”.

“We were in Kaduna yesterday (Monday). We are going to Port-Harcourt and Warri so that we know what the industry entails and what needs to be done to be captured in the bill so that there will be ease of operations.”

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Still, on the refinery, he said, “I’m totally overwhelmed. And looking at this investment here, it is unbelievable that a single individual can confront this kind of project at this time of our economic dispensation.”

Nakuda said outside the job creation, which the project will provide, “I’m sure that by the time this refinery comes on stream, even the local currency is going to be strengthened because we spend millions of dollars importing finished petroleum products.”

He said the National Assembly would give the project all necessary support to ensure that the refinery kicks off.

“If you don’t help this industry, this refinery to come on stream, then, it means the Nigerian economy is going to be doomed,” he added.

On the PIB, he said the lawmakers were working hard, to ensure its passage within the next two months.

The Chairman, Adhoc Committee on PIB, House of Representatives, Mr. Mohammed Monguno, also commended the Dangote Group for the project, saying it would help to diversify the economy and boost foreign exchange reserves.

He said, “The passage of the PIB will make sure that the enabling environment is created by way of legislation for such private investments to thrive, and make the oil and gas industry much more competitive to also attract further investments into the country.”

The Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Group, Mr. Devakumar Edwin, said the 650,000-barrels-per-day refinery could meet 100 percent of the Nigerian requirement of all liquid petroleum products and would have surplus for export.

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FG Gas expansion to lift 100m out of poverty – Sylva



The Federal Government’s National Gas Expansion Programme will lift over 100 million Nigerians out of poverty. This was disclosed on Monday by the Minister of State for Petroleum Resources, Chief Timipre Sylva.

“This is a practical demonstration of President Muhammadu Buhari’s commitment to lift 100 million Nigerians out of poverty by using gas value chain as a catalyst for social and economic development in Nigeria”, Sylva Said.

Sylva, while speaking in Ado Ekiti during the inauguration of the NGEP in Southwest Nigeria said, this is geared towards making gas an alternative source of energy for industrial, transportation, and domestic use.

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The minister said, “The programme has its main objective to reinforce and expand gas supply as well as stimulate demand in Nigeria through effective and efficient mobilisation and utilisation of all available assets, resources and infrastructure in the country.

“The programme is driven towards the implementation of Mr. President June 12, 2019 promise to take hundred million Nigerians out of poverty within the current decade by ensuring that locally produced, available, accessible and affordable fuel is sufficiently supplied throughout the country”.

Sylva said Nigeria was richly endowed with mineral resources, specifically, hydrocarbons, crude oil, and natural gas with proven gas reserves of over 200 trillion cubic feet of natural gas, which he said had presented the country with an opportunity to use gas as a catalyst for a social economy renaissance.

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Ekiti State Governor, Dr Kayode Fayemi, lauded Buhari’s dedication to implementing programmes directed at improving the lives of the people through job creation, social security schemes, stimulating the economy, and attending to security challenges in the nation.

Fayemi said that his administration would continue to key into life lifting programmes of the Buhari-led administration to improve the standard of living of the people of the State.

He said, “While we are in full support of the Federal Government in the implementation of NGEP in the state, our ultimate goal is to connect the state directly with gas supply via either Ajaokuta in Kogi State or Ore in Ondo State; the two points that offer our state the best opportunity for connection. We, therefore, plead with private sector players and the ministry to assist us in this venture.”

He said his administration recognized the various benefits embedded in the NGEP initiative ranging from reduction of importation of fuel to creation of employment opportunity for the youths and improvement of access to gas for transportation and domestics use at an affordable price in the State.

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