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Gulf of Guinea Round-Table: Global CEOs, Top Diplomats, Ministers, Govs Meet in New York

  • Ambassador Ibrahim Gambari to chair forum

By Louis Achi

Global CEOs, top diplomats, ministers, governors and industry leaders gather in New York to unlock the Gulf of Guinea’s over $800 billion energy, oil & gas, aviation, minerals and maritime opportunities and a projected $ 3trillion Coastal Africa’s economy as the 80th UN General Assembly opens in the US.

Themed, “Unlocking Energy, Oil & Gas, Minerals, Aviation and Maritime Opportunities in the Gulf of Guinea: A Roadmap for Peace and Security,” the round-table which holds on the sidelines of the 80th session of the United Nations General Assembly, will explore the Gulf of Guinea, Africa’s most strategic region.

The round-table is convened by The New Diplomat, an Abuja based policy think tank, in collaboration with the Gulf of Guinea Commission (GGC) headquartered in Angola with diplomatic coverage over about 19 coastal African countries.

The premier event will be chaired by Nigeria’s Professor Ibrahim Agboola Gambari, scholar-diplomat, former Nigeria’s Minister of Foreign Affairs, former United Nations Under Secretary-General, erstwhile Chief of Staff to late former President Muhammadu Buhari and two-time President of the United Nations Security Council.

According to Ambassador Oma Djebah, Nigeria’s former Ambassador to Thailand with concurrent accreditation to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) in Bangkok, the forum aims to unlock the Gulf of Guinea’s over $800 Billion energy, oil & gas, minerals, aviation and maritime investment opportunities.

His words, “the high-level forum will also spotlight coastal Africa’s rich economy projected at $3trillion in order to harness the inherent benefits of its vast economic, investment, minerals, oil & gas, energy, aviation and maritime capabilities for the overall benefits of public and private sector players in the Gulf of Guinea region.”

Ambassador Oma Djebah, also a former two-time Commissioner for Information, Delta State further revealed the high-level roundtable would bring together global public-private sector players, including regional organizations chiefs, public-private sector leaders, energy, oil and gas, maritime, minerals and aviation organizations chiefs, development finance experts and cross-sector regulators with the overarching objective of leveraging the abundant opportunities and potentials in the Gulf of Guinea (GoG).

Similarly, Ambassador Mohammed Bello Abioye, former Nigeria’s Ambassador to Pakistan with concurrent accreditation to the Maldives, who is a co-host at the high-profile event said expected outcomes from the high-level roundtable, include strengthened economic development frameworks, enhanced investors’ confidence through clearer strategic institutional and governance frameworks, expanded networks for B2B, G2G, and P2P cooperation in maritime, oil and gas, energy, aviation, minerals and infrastructure development.

According to Abioye, others objectives include unlocking funding/investment opportunities for both public and private sector players in the Gulf of Guinea region and facilitation of the creation of the Gulf of Guinea Business Council (GGBC) as a strategic regional business network and a nexus for private and public sector engagement in the GoG.

According to the programme brochure obtained by THISDAY, other aims include creating a unique forum for fostering strategic G2G, B2B and P2P networks across international jurisdictions with eyes on investment prospects, direct access to target business markets as well as potential cross-sector collaborations.

Additional objectives include the need to unlock the Gulf of Guinea’s over $800 billion energy, oil and gas, infrastructure, and maritime business opportunities as well as an outlined $3 trillion African coastal economy prospects.

The strategic benefits of the one-day event include, catalyzing Blue Economy, Blue Diplomacy and organizational positioning within the evolving intra-African business eco-system as well as opportunities for stakeholders in the AfCFTA and structured financing frameworks for large-scale projects in energy, oil & gas, aviation, minerals and maritime sectors.

Other key benefits include fostering mechanisms for strengthened cooperation among the 19 coastal states of the Gulf of Guinea and the broader 38 African coastal nations, mobilizing investment in maritime, oil and gas, energy, aviation and minerals projects across the GoG region.

Others include supporting the GGC as a regional coordination hub, showcasing public -private collaboration models aligned with AFCFTA Agenda 2063, and SDG 14 (Life Below Water), and driving technical partnerships around logistics, airlifts, and maritime development.

The post Gulf of Guinea Round-Table: Global CEOs, Top Diplomats, Ministers, Govs Meet in New York appeared first on THISDAYLIVE.

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    Benue Constructs 1,080 Housing Unit Estate in Makurdi

    Benue Constructs 1,080 Housing Unit Estate in Makurdi

    George Okoh in Makurdi

    The Benue State Government, through the Benue Investment and Property Company Limited (BIPC), has commenced the building of 1,080 housing units called Eco-City Estate.

    The project is located at the former Benue Brewery Limited (BBL) Quarters in Makurdi, the state capital.

    Group Managing Director, BIPC, Dr. Raymond Asemakaha, stressed the urgent need for sustainable and affordable housing in Benue State.

    He said the project, when completed, would bridge the housing deficit and high-cost accommodation in the state.

    According to him, “We are starting with 32 units, the next phase is 48, and we also have the 30 hectares of land that will have 1,000 housing units. We are looking at the duration of the project as a year; this will be done within six months, and the other phase within 24 months.”

    Flagging off the commencement of the project, the state Governor, Hyacinth Alia, represented by his Deputy, Sam Ode, said the Eco-City aligns with the administration’s vision to transform the state to meet with other developing cities of the federation.

    He said the ongoing dualisation of the Wurukum roundabout, which is close to the estate, is meant to enhance accessibility to it.

    The governor said, “So, for those who are wise, the BIPC Eco-City is where to do your business. I am encouraging investors, especially Benue citizens, to subscribe to this smart estate. It will be an estate that will conform to the modern trend in housing.

    “We are calling on investors to come in quickly and see how they can be off-takers of this important project. There are two hectares here and two in another location. We want Benue indigenes to be part of these gains of our government.”

    The post Benue Constructs 1,080 Housing Unit Estate in Makurdi appeared first on THISDAYLIVE.

    ​  

    George Okoh in Makurdi The Benue State Government, through the Benue Investment and Property Company Limited (BIPC), has commenced the building of 1,080 housing units called Eco-City Estate. The project is
    The post Benue Constructs 1,080 Housing Unit Estate in Makurdi appeared first on THISDAYLIVE.

    Continue reading
    Umahi Decries East-West Road Slow Work Pace, Insists on Dec 15 Deadline

    Umahi Decries East-West Road Slow Work Pace, Insists on Dec 15 Deadline

    Blessing Ibunge in Port Harcourt

    The Minister of Works, David Umahi, has frowned at the slow pace of construction work at the Eleme-Onnesection of the East-West Road in Rivers State.

    The minister made the complaint while inspecting the ongoing project at the section last Tuesday.

    During the inspection of the project, Umahi ordered the contractor, RCC, to ensure that the work is completed by December 15 this year, warning that the federal government would not extend the timeline beyond that date.

    According to him, “On this Eleme-Onne project, the quality of the work is excellent, but the pace of the work is totally unacceptable. And let me make it very clear to the contractor: this project can never be reviewed by a kobo, nor can there be any POP -variation of price -or any other claims on the project.

    “You complained of rain, but there are a lot of works that could go in the rain. For example, we’ve noticed many failures, areas that failed under this carriageway, which is Port Harcourt-bound.”

    Umahi, who regretted that the job is totally being delayed, told the controller in the area to issue the contractor another letter of warning.

    “I’m sure in this project, we have had over 10 warning letters to them. These letters will be very useful if they fail to adhere to the timeline for completion, which is December 15. We will not extend the completion date at all.”

    The works minister assured Nigerians that the funding of the leftover flyover in the phase 1 project would not be a problem, noting that President Bola Tinubu had listed it among the projects that must be completed within record time.

    “Let me assure you that the leftover flyover in this phase 1 is among what the president directed should be completed. So the funding will not be a problem at all, and I am happy the contractor is working despite the news that NNPCL has stopped funding the project because the president directed that none of such should stop,” the minister said.

    He explained that he is going around the six geopolitical zones to ensure that the directive of the president is carried out.

    Umahi condemned the menace of trailers on the road, which he said was not built for heavy-duty vehicles, just as he promised to take up the matter.

    He said: “We have a war to wage. Our roads are not designed to carry these heavy trailers that are parked on the road. I am going to write to our dear governors to see what they can help us do with it. I will also complain to the Inspector-General of Police. Let us see what we can do about it.

    “The president is doing everything possible to right the wrongs in terms of road construction. We’re doing quality roads now that are going to last from 50 to 100 years, but are being destroyed by ourselves,” he lamented.

    Earlier, the Federal Controller of Works in Rivers State, Enwerema Tarilade, said they had completed the 15 km Eket-bound right carriageway and had moved to the left carriageway, which is Port Harcourt-bound.

    She expressed hope that the left carriageway could be completed by December despite disruptions caused by the rains.

    The post Umahi Decries East-West Road Slow Work Pace, Insists on Dec 15 Deadline appeared first on THISDAYLIVE.

    ​  

    Blessing Ibunge in Port Harcourt The Minister of Works, David Umahi, has frowned at the slow pace of construction work at the Eleme-Onnesection of the East-West Road in Rivers State. The
    The post Umahi Decries East-West Road Slow Work Pace, Insists on Dec 15 Deadline appeared first on THISDAYLIVE.

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