Amid intense electioneering, ahead of the just-concluded general election, the All Progressives Congress (APC)-controlled Federal Government legitimately marketed its achievements to persuade a mandate renewal. The Anchor Borrowers’ Programme (ABP), conceptualized and driven by the Governor Godwin Emefiele-led Central Bank of Nigeria (CBN), was one such flagship achievement. Launched in Birnin Kebbi on November 17, 2015 by President Muhammadu Buhari, the programme was aimed at stimulating scaled-up production in the agricultural sector through provision of farm input both in cash and kind to small-holder farmers, to improve farm yields. Additionally, the programme was designed to stabilise supply of input to…
Author: Johnson Momodu
The rumbling over the Trans Forcados Pipeline (TFP) surveillance contract is yet to settle despite the fact that the Nigerian National Petroleum Corporation (NNPC) and the Ocean Marine Solutions (OMS) Limited had entered a new contract for the security of the critical national asset. The former contractor, Eraskorp Nigeria Limited (ENL) together with its promoter, Shoreline Natural Resources Limited (SNRL), is facing another challenge after the NNPC refused to renew the TFP surveillance contract on the grounds of incompetence resulting in pipeline breaches and loss of 11 million barrels of crude oil (equivalent of $800 million) in 2018. That was…
The Nigerian National Petroleum Corporation (NNPC), which manages the nation’s oil and gas sector assets and oversees the strategic industry’s governance, is currently deploying specific and far more circumspect measures to end the hemorrhage of huge funds, contrived by dodgy operators and their devious co-travelers. This is clearly in sync with the present federal administration’s prudent governance vision. It could be recalled that recently, the NNPC proposed to re-award the Trans Forcados Pipeline (TFP) surveillance contract to Ocean Marine Solutions (OMS) Limited. After the Bonny Oil Pipeline System, the Trans Forcados Pipeline is the second largest network in the Niger Delta, a…
