My World Global & Glory Oyong

Harnessing Potential: Goodluck Jonathan's Endorsement of Akwa Ibom as an Investment Haven

Glory Oyong — Mon, 06 May 2024 17:55:11 +0200

Former President of Nigeria, Dr. Goodluck Jonathan, recently lauded Akwa Ibom State as a prime destination for investment during a visit to Governor Pastor Umo Eno at the Government House, Uyo. Jonathan emphasized the state's conducive environment and successive administrations' commitment to good governance, making it an attractive prospect for business ventures.

Jonathan, leading a team of investors, highlighted Akwa Ibom's potential for gas investment, citing its resources for domestic use and power generation. He commended the state's focus on development and peace, crucial factors for sustainable growth.

Governor Umo Eno reciprocated Jonathan's appreciation, acknowledging his support and interest in Akwa Ibom's progress. Describing Jonathan as a peacemaker, the Governor affirmed the state's reputation as a safe and peaceful hub for business activities.

Assuring full government support for the Preheat Energy project, Governor Umo Eno highlighted Akwa Ibom's strategic advantages, including the Ibom Industrial City and plans for an Oil and Gas Free Trade Zone. He emphasized the state's commitment to providing conducive infrastructure and a hospitable environment for investors.

During the meeting, Azibaola Robert, Vice President of the organization, emphasized the importance of transitioning to LNG as a major component of energy production, citing the abundant gas reserves in the Niger Delta region. He expressed confidence that the investment would not only create employment opportunities but also contribute to the broader economic development of Akwa Ibom and beyond.

The visit concluded with an invitation extended to Jonathan to attend the commissioning of critical infrastructure projects, underscoring the collaborative efforts between the former president and the state government in fostering sustainable development.

Overall, Jonathan's endorsement underscores Akwa Ibom's position as a promising investment destination, poised for growth and prosperity in the energy sector and beyond.

Navigating Petroleum Politics: Upholding Integrity in Akwa Ibom's Downstream Sector

Glory Oyong — Mon, 06 May 2024 17:52:48 +0200

The Petroleum Downstream sub-sector is diverse, encompassing various players such as DAPPMAN, MOMAN, IPMAN, NOGASA, PETROAN, and the PTD branch of NUPENG, among others.

Last year, upon my appointment as Chairman of the Caretaker Committee in NOGASA, a leading stakeholder association in the industry, I transitioned from IPMAN. NOGASA, which stands for the Natural Oil and Gas Suppliers Association of Nigeria, boasts membership from nearly all major players across the country.

NOGASA members are involved in supplying a wide array of petroleum products, including AGO, PMS, LPFO, HPFO, BITUMEN, HTK, DPK, BLUE OIL, BLACK OIL, CRUDE OIL, NAPHTHA, CNG, and LPG. Our association serves as a liaison between members and their clients, regulators, security agencies, communities, ensuring product availability and safeguarding member welfare.

In October of last year, I received a distress call from a supplier encountering issues with a tanker of AGO destined for Akamkpa. The tanker was impounded by PTD at Akpaden, demanding additional payment despite prior levy collection at the depot. This incident epitomized multiple taxation, prompting my intervention with relevant authorities, leading to a resolution.

Upon assuming the role of Executive Chairman in December, I addressed numerous complaints regarding unwarranted demands from PTD. Unable to justify their actions, I instructed suppliers to cease payments. In response, PTD attempted to redirect their demands to Sterling Global, triggering further intervention and resolution through established channels.

Subsequently, PTD orchestrated baseless accusations against me, including alleged coercion of truck drivers and collusion with security forces. These unfounded claims culminated in threats to disrupt tanker operations in Akwa Ibom.

PTD's tactics, including illegal blockades on major routes, aimed to coerce compliance. However, their actions lacked procedural legitimacy, violating their own organizational protocols. Despite attempts to tarnish my reputation, I remained steadfast, demanding evidence to substantiate their allegations.

Furthermore, actions by IPMAN's coordinating committee lacked proper authorization and adherence to constitutional procedures. Their unfounded assertions only served to exacerbate tensions without regard for the broader consequences on the populace.

While my tenure in government ended due to perceived conflicts of interest, my commitment to NOGASA's mandate remains unwavering. Any documents suggesting otherwise are unequivocally false and unsubstantiated.

I express profound gratitude to Pastor Umo Eno for his dedication to Akwa Ibom's welfare. Collaborative support for his leadership is essential for the state's progress and prosperity.

In conclusion, I affirm my dedication to serving NOGASA and advancing the interests of Akwa Ibom, guided by principles of integrity and accountability.