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Oando to participate as lead sponsor of Africa Oil Week 2023

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Africa’s leading indigenous energy solutions provider, Oando PLC, is set to participate as a lead sponsor at one of the continent’s leading energy conferences, Africa Oil Week, scheduled to be held in Cape Town, South Africa, from October 9.

 

As a thought leader in Africa’s energy sector, Oando will participate in various interviews and plenary sessions, sharing thought-provoking insights on how to propel the continent’s energy sector forward.

 

Themed “Maximising Africa’s Natural Resources in the Global Energy Transition”, the 29th Edition of Africa Oil Week will bring together deal makers, including African governments, international and national oil companies, independents, G&G actors, service providers and investors, to engage in high-level discussions and exchange valuable knowledge on ways to propel the energy sector forward and actualize the continent’s goal of energy efficiency.

 

To be competitive in today’s energy world, Exploration and Production (E&P) companies in Africa must embrace new business models and navigate complex regulatory, operational, and technical realities.

 

As Africa’s upstream landscape evolves, Africa Oil Week will bring two of the continent’s most active E&P players and two of sub-Saharan Africa’s largest oil-producing countries to discuss their approach to developing Africa’s natural resources.

READ  Oando holds Annual General Meeting

 

 

Themed “The Rise of Africa’s Independents & Indigenous Operators”, Dr. Ainojie Alex Irune, Chief Operating Officer, Oando Energy Resources, will represent the company in an interview with Mansur Mohammed, Head of West Africa Upstream Content at Sub-Saharan Africa Oil & Gas, Wood Mackenzie to share insights on how the company is developing Africa’s natural resources.

 

As leaders in the private sector striving towards achieving a carbon-neutral Africa, Oando will continue to exploit the continent’s clean and renewable energy sources to solve the continent’s energy deficit.

 

To this end, Dr Irune, in his capacity as President & CEO, of Oando Clean Energy (OCEL), will be a panelist in an Energy Leaders Debate, highlighting new perspectives and solutions on the role of renewables in increasing access to modern energy alongside Adonis Pouroulis, Chief Executive Officer & Founder, Chariot; Zaher Ibrahim, Vice President, EMEA, Baker Hughes; and Thabo Molekoa, Chairman and Managing Director, Siemens Energy. Emma Champion, Head of Regional Energy Transitions, Bloomberg NEF will moderate the debate session.

 

 

The panellists will share their views on how Africa can explore innovative solutions for more energy and climate neutrality in the context of affordability and equality, how to fast-track and deliver innovative projects in support of the global energy community as well and how to harmonise national, regional, and continental activities to bring about the desired change for the continent.

READ  Oando Boss, Wale Tinubu’s topnotch performance on display as he delivers speech at NOG 2022

 

Following the adoption of the Petroleum Industry Act in 2021, the Electricity Act in 2023, and the recent removal of its multi-billion dollar gasoline subsidies, Nigeria, Africa’s biggest oil producer, must address its security challenges if it is to achieve its 2 million barrels per day threshold and boost gas supply.

 

As a proudly indigenous Nigerian energy solutions provider, Oando will share insights in a session themed ‘Nigeria – A Renewed Hope for a High Energy Future’. Representing Oando, Akinbambo Ibididapo-Obe will discuss how the Petroleum Industry Act and Electricity Act will create new opportunities for investments across the value chain, the commercial aspirations of Nigerian independents and how they can access capital to expand energy and gas infrastructure, amongst others.

 

Harnessing Africa’s vast natural resources and energy ambitions would be impossible without funding. For buyers wanting to invest in Africa, access to capital (both debt and equity) is proving more challenging.

 

To this end, experts, including Adeola Ogunsemi, Chief Financial Officer, Oando PLC, will speak on the topic, “Financing for African Upstream Deal Flow”.

READ  Oil Giant, Oando Plc, denies importing adulterated Fuel

 

As traditional commercial bank financiers continue to make global announcements about reducing their exposure to oil & gas globally and given that most acquisitions of big packages of African upstream assets will require debt across the line, this session will share insights on navigating the funding challenge.

 

In addition, Oando, represented by, Ms. Ayotola Jagun, Chief Compliance Officer and Company Secretary, Oando PLC, will participate in a plenary session themed “The Energy Industry Value Proposition – Amplification of the ‘S’ in ESG”, moderated by Lame Verre, Board Chair, Lean in Equity and Sustainability.

 

Africa Oil Week provides a collaborative stage to connect, share intelligence on enabling policy for capital and investment, showcase licenses and bid rounds, help move projects forward and inform their long-term business strategy in the African upstream.

 

The event aims to advocate for Africa to develop its oil and gas sector with strong and sustainable carbon management strategies and to facilitate equitable transactions that make a positive global impact and a legacy of socio-economic development across the continent.

 

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FG reconstitutes governing councils for 111 public tertiary institutions

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The Federal Government (FG) has approved the re-constitution of governing councils at public tertiary institutions.

 

Folasade Boriowo, media head at the federal ministry of education, confirmed this on Saturday.

 

In June 2023, the National Universities Commission (NUC) dissolved the councils of all federal varsities on a presidential directive.

 

The federal directive also affected the governing boards of government-funded parastatals, agencies, and institutions in education.

 

It stalled administrative decision-making in public tertiary institutions by mandating these universities, colleges of education, and federal polytechnics to seek ministerial approval for functions previously overseen by the governing board or councils.

 

The re-constitution of governing councils now comes after 11 months of repeated calls from education stakeholders.

 

Among them is the Academic Staff Union of Universities (ASUU) which argued that the non-reinstatement or reconstitution of governing councils in universities was causing an uptick in cases of “illegality and flagrant violation” of institutional autonomy in public universities.

READ  Oando, LAMATA sign MoU on electric mass transit buses

 

Chris Maiyaki, the NUC’s executive secretary, said a committee was set up to ensure the most qualified people are put in the councils.

 

“As soon as they are constituted, they will be made to undergo orientation courses immediately, to ensure they are in tune with the expectations of the knowledge of government structures and laws of institutions,” the NUC head had stated.

 

“It will also help them to understand those cross-cutting issues that we need to nip in the bud, to ensure our institutions regain their glorious paths.”

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Minimum Wage: FG, labour to reconvene next week over negotiation

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The Tripartite Committee on Minimum Wage will reconvene on Tuesday, May 23 to further negotiate a reasonable new minimum wage for workers, after the organised labour walked out of the negotiation on May 15.

 

An invitation letter sent to the labour leaders by the chairman of the committee, Bukar Goni, states that the other members of the committee have agreed to shift grounds from the N48,000 proposal which was made on Wednesday.

 

The letter appealed to the labour leaders to speak to their members and attend the reconvened meeting next Tuesday.

 

The organised labour comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have proposed a new minimum wage of N615,000, which is way higher than the N48,000 proposal by the government.

 

The organised private sector, on the other hand, proposed an initial offer of N54,000. After dumping the talks, the labour leaders addressed a press conference where they expressed their anger over the Federal Government’s offer.

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They blamed the government and the private sector for the breakdown in negotiation.

 

May 31 Deadline
The Federal Government had failed to present a nationally acceptable minimum wage to Nigerians before the May 1 Labour Day.

The situation has forced labour to be at loggerheads with the government. In the wake of the tussle, the NLC President Joe Ajaero insisted on the N615,000 minimum wage, arguing that the amount was arrived at after an analysis of the economic situation worsened by the hike in the cost of living and the needs of an average Nigerian family of six.

 

Ajaero and labour leaders have given the Federal Government a May 31 deadline to meet their demands.

 

On January 30, Vice President Kashim Shettima inaugurated the 37-member tripartite committee to come up with a new minimum wage.

 

With its membership cutting across federal, and state governments, the private sector, and organised labour, the panel is to recommend a new national minimum wage for the country.

READ  Strike: No end in sight, govt unserious – ASUU 

 

During the committee’s inauguration, the Vice President urged the members to “speedily” arrive at a resolution and submit their reports early.

 

“This timely submission is crucial to ensure the emergence of a new minimum wage,” Shettima said.

 

The 37-man committee is chaired by the former Head of the Civil Service of the Federation, Goni Aji.

 

With the cost of living rising following the removal of fuel subsidy, calls for a new minimum wage have continued to make headlines in Nigeria.

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Police arrest doctor, nurses over missing placenta in Kwara hospital

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The police in Kwara State have commenced an investigation into the disappearance of the umbilical cord and placenta of a newborn baby at Government Cottage Hospital, Iloffa in the Oke-Ero Local Government Area of the state.

The mother, identified as Mrs C. Williams, a class teacher at Orota Secondary School, Odo-Owa, was reported to have had the child on Sunday night but was not given the umbilical cord and the placenta by the hospital’s workers.

 

Five of the workers were later arrested in connection with the missing parts and were being detained by the general Investigation unit of the State Criminal Investigation Department of the command in Ilorin.

The suspects detained by the police include a resident doctor, three nurses and a ward attendant at the hospital.

 

It was gathered that the police were invited when efforts to settle the controversy at various levels failed.

 

It was further gathered that it took the efforts of elders of Odo-Owa community to calm some angry youths who suspected foul play and were about to burn down the hospital on Tuesday over the incident.

READ  Buhari mourns Ohanaeze leader, Prof. Obiozor, says 'I am deeply saddened'

 

Williams, while narrating her ordeal, said that she was rushed to the hospital while experiencing labour pains on Sunday afternoon and gave birth to a baby at about 7 pm the same day.

 

“I was feeling some labour pains on Sunday and I got to the cottage hospital, some minutes past 1 pm on Sunday, and told the nurse I met on duty that I was having contractions; she was the one that attended to me after confirming that I was truly in labour.

 

“She took me into the labour room and asked me to wait because I still had more time. Not quite long after I came, the doctor also came in and instructed the nurse to usher me into the labour room,” she said.

 

She said that after having the baby, the following morning, she was discharged and allowed to go home.

 

She, however, said that the hospital workers gave her a bag containing her items but did not give her the placenta and the umbilical cord of the baby when they asked her to go home.

READ  Explosion in ex-Gov Daniel’s hotel kills two, injure three in Ogun

 

“Although they handed a black nylon bag to me, I discovered that there were two missing items inside the nylon; they are the umbilical cord and the placenta,” she said.

 

Police Public Relations Officer, Ejire-Adeyemi Toun, confirmed the incident, adding that the investigation was ongoing.

 

“The police are investigating the incident and five suspects have been arrested in connection with it,” the PPRO said.

 

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