By:
Ayo's blog
Source: Xinhua
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
FIFA president Gianni Infantino will embark on an
official visit to Nigeria next month, the Nigeria Football Federation
(NFF) said Monday.
In a statement signed by NFF spokesman, Ademola Olajire, Infantino's
visit to the West African superpower was to seek the nation's support to
the new FIFA leadership's drive to truly develop the game of football.
"Infantino believes that Nigeria is a big country and a massive
football-playing nation that should help with the FIFA's leadership
plan," the statement said.
During his visit to Nigeria, the FIFA boss will hold an interactive
session with a horde of African FA Presidents who will also be in the
country to receive him, the statement added.
Infantino assumed office as head of world's football governing body
after winning election at an extraordinary general congress in Zurich on
Feb. 26.
Like Us On Facebook
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Lagos State Governor, Mr. Akinwunmi Ambode (right), receiving a sample
of the Crude Oil discovered in the State by the Group Managing Director,
Tunde Folawiyo Petroleum Company Limited, Mr. Tunde Folawiyo during a
courtesy visit to the Governor, at the Lagos House, Ikeja on Monday, May
16, 2016.
Lagos State Governor, Mr. Akinwunmi Ambode (right), receiving a sample
of the Crude Oil discovered in the State by the Group Managing Director,
Tunde Folawiyo Petroleum Company Limited, Mr. Tunde Folawiyo during a
courtesy visit to the Governor, at the Lagos House, Ikeja on Monday, May
16, 2016.
Governor Ambode who made the declaration when the management of the
company led by the Group Managing Director, Mr. Tunde Folawiyo paid him a
courtesy visit at the Lagos House, Ikeja, commended the firm for their
doggedness to achieve the feat after 25 years of hard work, saying that
by the provision of Section 162 Sub-Section 2 of the Nigeria
Constitution, Lagos has become an oil producing State.
He declared, “I want to thank you very much for this and I say it with
all conviction because I know that based on section 162 Sub-Section 2 of
the Nigeria Constitution, Lagos becomes an oil producing state and by
virtue of this, the 13 percent derivation that is due to oil producing
states, Lagos will start to partake from it by your very good gesture.
So we officially declare Lagos State as an oil producing state, we also
notify the Federal Government by this action that we would be sharing
out of the 13 percent derivation. So all we need do is to apply and then
we join.”
Governor Ambode also said that the feat has not only placed Lagos in the
history books as the first state outside the Niger Delta to become an
oil producing State, but has also opened up a new page for revenue
generation in the State.
Lagos State Governor, Mr. Akinwunmi Ambode (4th right), in a group
photograph with the Group Managing Director of the Company, Mr. Tunde
Folawiyo and his team during a courtesy visit to the Governor, at the
Lagos House, Ikeja on Monday, May 16, 2016.
Lagos State Governor, Mr. Akinwunmi Ambode (4th right), in a group
photograph with the Group Managing Director of the Company, Mr. Tunde
Folawiyo and his team during a courtesy visit to the Governor, at the
Lagos House, Ikeja on Monday, May 16, 2016.
“It also means that by the additional revenue that is coming from this
action, we would have more resources to provide infrastructure for
Lagosians and this is what we want other investors and businessmen to
emulate, so that beyond the issue of profit, you are actually creating
impact on people without them necessarily knowing that it is actually
coming from a venture like this that you have embarked on,” he said.
He said the resilience of the Tunde Folawiyo Petroleum Company, an
indigenous firm has shown the possibilities and opportunities for
investors and businessmen willing to commit their resources to boost
local production.
“I want to commend what you have done, it’s a sign that you believe so
much in Lagos State. I want to congratulate you, I want to showcase you
as a very good example of a dogged entrepreneur, as someone who believes
in Nigeria because that’s what you epitomize here.
“The Federal Government has always said that we all need to look back
inwards and start to do things for ourselves. Spending 25 years to be
able to get to this stage and get something productive shows a lot about
your belief, tenacity and doggedness and I want to recommend you to
every other Nigerian investor that there is still greater hope for
Nigeria and with the likes of you, I don’t see any reason why any
Nigerian needs to be afraid because you have just shown by this
indigenous discovery that anything is possible in Nigeria.
“This discovery is by a 100 per cent indigenous firm and at times like
this when we are experiencing dwindling revenue from different areas of
our economy; at times like this when foreign exchange is highly
turbulent, it gives one great hope that the future prosperity of Nigeria
is assured and is secured by transactions like this,” Governor Ambode
said.
Governor Ambode said that what the historic discovery means for Lagos is
that the three Senatorial Districts, Lagos West, Lagos East and Lagos
Central have all combined to open up the economic and investment
potentials of the State.
“I will like to let you know that that we have three senatorial zones in
Lagos; from the Lagos West axis, we have crude oil coming out of it,
from the Lagos East axis, we have the petrochemical refinery factory
coming from the Lagos Free Trade Zone by the Dangote Group which will
come on board by 2018 and from the Lagos Central axis, it’s the
financial district of Nigeria. For Lagos, it’s designed for prosperity
and to complement every achievement that is being recorded.
“We are likely to have three Sea Ports in Lagos in another two years; we
have the Badagry Deep Sea Port and the Lekki Port and also the Apapa
port. So, somehow, in some manner, some things are being put up that
seems like a puzzle, but the future prosperity of Lagos is more than
well assured and we are happy that we are part of that and this
government is heavily committed to complement the efforts of business
men like you.
“In supporting endeavours like this, we would do everything to support
whatever it is you want us to do to make sure that the arrow head of
this particular sector that you have championed will not just go in
vain. I can assure you of that,” the Governor said.
Earlier, Mr. Folawiyo said that the discovery of crude oil in Lagos,
which has taken over 25 years to achieve, has gone a long way to show
the possibilities achievable if Government continues to lend support to
indigenous investors and companies.
“At so many points along the way, we could have given up because it was a
very rough road, but the point is that only a Nigerian company would
have continued to do what we did. The man crux is that we need
government and government needs us and where government supports
assiduously, it can only be success,” he said.
Asked how much has gone into the investment, Folawiyo said the company
has committed about $400million dollars to achieve the feat. He said the
current status of the oil well has the capacity to produce at least
12,000 barrels per day, with a possibility to increase to 25,000 to
50,000 barrels per day in the nearest future.
Folawiyo also presented Governor Ambode with a sample of the crude oil
discovered by his company in the State, a confirmation of Lagos becoming
the first basin out of the Niger Delta to become an oil producing
state, which according to him, is by no means a small feat.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
Lagos State Governor,
Mr. Akinwunmi Ambode on Monday declared that Lagos has officially joined
the League of Oil Producing States in Nigeria following the discovery
of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry,
Lagos.
Lagos State Governor, Mr. Akinwunmi Ambode (right), receiving a sample
of the Crude Oil discovered in the State by the Group Managing Director,
Tunde Folawiyo Petroleum Company Limited, Mr. Tunde Folawiyo during a
courtesy visit to the Governor, at the Lagos House, Ikeja on Monday, May
16, 2016.
Lagos State Governor, Mr. Akinwunmi Ambode (right), receiving a sample
of the Crude Oil discovered in the State by the Group Managing Director,
Tunde Folawiyo Petroleum Company Limited, Mr. Tunde Folawiyo during a
courtesy visit to the Governor, at the Lagos House, Ikeja on Monday, May
16, 2016.
Governor Ambode who made the declaration when the management of the
company led by the Group Managing Director, Mr. Tunde Folawiyo paid him a
courtesy visit at the Lagos House, Ikeja, commended the firm for their
doggedness to achieve the feat after 25 years of hard work, saying that
by the provision of Section 162 Sub-Section 2 of the Nigeria
Constitution, Lagos has become an oil producing State.
He declared, “I want to thank you very much for this and I say it with
all conviction because I know that based on section 162 Sub-Section 2 of
the Nigeria Constitution, Lagos becomes an oil producing state and by
virtue of this, the 13 percent derivation that is due to oil producing
states, Lagos will start to partake from it by your very good gesture.
So we officially declare Lagos State as an oil producing state, we also
notify the Federal Government by this action that we would be sharing
out of the 13 percent derivation. So all we need do is to apply and then
we join.”
Governor Ambode also said that the feat has not only placed Lagos in the
history books as the first state outside the Niger Delta to become an
oil producing State, but has also opened up a new page for revenue
generation in the State.
Lagos State Governor, Mr. Akinwunmi Ambode (4th right), in a group
photograph with the Group Managing Director of the Company, Mr. Tunde
Folawiyo and his team during a courtesy visit to the Governor, at the
Lagos House, Ikeja on Monday, May 16, 2016.
Lagos State Governor, Mr. Akinwunmi Ambode (4th right), in a group
photograph with the Group Managing Director of the Company, Mr. Tunde
Folawiyo and his team during a courtesy visit to the Governor, at the
Lagos House, Ikeja on Monday, May 16, 2016.
“It also means that by the additional revenue that is coming from this
action, we would have more resources to provide infrastructure for
Lagosians and this is what we want other investors and businessmen to
emulate, so that beyond the issue of profit, you are actually creating
impact on people without them necessarily knowing that it is actually
coming from a venture like this that you have embarked on,” he said.
He said the resilience of the Tunde Folawiyo Petroleum Company, an
indigenous firm has shown the possibilities and opportunities for
investors and businessmen willing to commit their resources to boost
local production.
“I want to commend what you have done, it’s a sign that you believe so
much in Lagos State. I want to congratulate you, I want to showcase you
as a very good example of a dogged entrepreneur, as someone who believes
in Nigeria because that’s what you epitomize here.
“The Federal Government has always said that we all need to look back
inwards and start to do things for ourselves. Spending 25 years to be
able to get to this stage and get something productive shows a lot about
your belief, tenacity and doggedness and I want to recommend you to
every other Nigerian investor that there is still greater hope for
Nigeria and with the likes of you, I don’t see any reason why any
Nigerian needs to be afraid because you have just shown by this
indigenous discovery that anything is possible in Nigeria.
“This discovery is by a 100 per cent indigenous firm and at times like
this when we are experiencing dwindling revenue from different areas of
our economy; at times like this when foreign exchange is highly
turbulent, it gives one great hope that the future prosperity of Nigeria
is assured and is secured by transactions like this,” Governor Ambode
said.
Governor Ambode said that what the historic discovery means for Lagos is
that the three Senatorial Districts, Lagos West, Lagos East and Lagos
Central have all combined to open up the economic and investment
potentials of the State.
“I will like to let you know that that we have three senatorial zones in
Lagos; from the Lagos West axis, we have crude oil coming out of it,
from the Lagos East axis, we have the petrochemical refinery factory
coming from the Lagos Free Trade Zone by the Dangote Group which will
come on board by 2018 and from the Lagos Central axis, it’s the
financial district of Nigeria. For Lagos, it’s designed for prosperity
and to complement every achievement that is being recorded.
“We are likely to have three Sea Ports in Lagos in another two years; we
have the Badagry Deep Sea Port and the Lekki Port and also the Apapa
port. So, somehow, in some manner, some things are being put up that
seems like a puzzle, but the future prosperity of Lagos is more than
well assured and we are happy that we are part of that and this
government is heavily committed to complement the efforts of business
men like you.
“In supporting endeavours like this, we would do everything to support
whatever it is you want us to do to make sure that the arrow head of
this particular sector that you have championed will not just go in
vain. I can assure you of that,” the Governor said.
Earlier, Mr. Folawiyo said that the discovery of crude oil in Lagos,
which has taken over 25 years to achieve, has gone a long way to show
the possibilities achievable if Government continues to lend support to
indigenous investors and companies.
“At so many points along the way, we could have given up because it was a
very rough road, but the point is that only a Nigerian company would
have continued to do what we did. The man crux is that we need
government and government needs us and where government supports
assiduously, it can only be success,” he said.
Asked how much has gone into the investment, Folawiyo said the company
has committed about $400million dollars to achieve the feat. He said the
current status of the oil well has the capacity to produce at least
12,000 barrels per day, with a possibility to increase to 25,000 to
50,000 barrels per day in the nearest future.
Folawiyo also presented Governor Ambode with a sample of the crude oil
discovered by his company in the State, a confirmation of Lagos becoming
the first basin out of the Niger Delta to become an oil producing
state, which according to him, is by no means a small feat.
Read more at: http://www.vanguardngr.com/2016/05/lagos-now-officially-oil-producing-state-ambode/
