Stats: 3,191,765 members, 7,945,385 topics. Date: Tuesday, 10 September 2024 at 03:59 PM |
Nairaland Forum / Nairaland / General / Politics / Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company (34405 Views)
Imo Women Shut Sterling Global Oil Company Over Unpaid Burial Rites / Youths Dance Round Coffin As They Ambush Oil Company In Akwa Ibom Again. Photos / Lagos Inaugurates State Oil Company, Ibile Oil And Gas Corporation (iogc) (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by rodeo0070(m): 10:11am On May 16, 2017 |
The Lagos State Government Monday formally inaugurated the state-owned oil company, Ibile Oil and Gas Corporation (IOGC), as a business arm of the state in the oil and gas industry. Speaking at the formal inauguration of the company’s corporate head office in Lagos, the state Governor, Akinwunmi Ambode, said the initiative was another giant step in the determination of the state to leverage on the recently acquired status of oil producing state in Nigeria. He said the company was set up to manage the downstream and upstream activities of the state and protect the interest of all stakeholders. “Lagos State is at the threshold of witnessing a boost in economic growth and employment generation given the evolving developments in its investment climate, particularly the oil and gas sector. The Dangote refinery, the largest in Africa and one of the biggest in the world, will soon come on stream at the Lekki Free Trade Zone (LFTZ). This multi-billion dollar investment will effectively complement the oil exploration activities of Yinka Petroleum and other oil exploration companies that will also operate in the Dahomey Basin in the future. This will complete the Lagos State oil and gas security tripod of exploration and logistics in the western axis, refining in the eastern axis and funding and exportation through the banks and the ports in the central axis,” Ambode explained. The governor said with the inauguration of the office complex, the Ibile Oil and Gas Corporation is being positioned to become a leading player in the oil and gas industry. He said his government was aware of the multiplier effects that a viable oil and gas industry would bring about in terms of investment opportunities that would be created in allied industries and sectors of the state economy. According to him, this has been the main driving force behind his commitment to develop strategies and policies that will continue to ease the process of doing business in the state. Ambode, who was represented by the state Commissioner for Energy and Mineral Resources, Mr. Olawale Wasiu Oluwo, added that “as a government, we are also not unmindful of the potential risks inherent in the oil and gas exploration industry in terms of oil spills, underwater aquatic contamination, gas flaring, community conflicts, youth restiveness, and health and safety issues.” He, however, noted that the state government is taking proactive measures and would soon commit substantial investment to prevent possible occurrence of these challenges. In her welcome address, the Managing Director of the company, Ola Debayo-Doherty, stated that to flag off the company’s operations, the company is finalising the front –end engineering design and development work on a gas commercialisation project to be completed in 2019. According to her, the project will enable the achievement and realization of the state’s aspiration to make a step change and become the preferred business hub in Africa and also grow its economy to transform into the desired mega city. https://brandspurng.com/lagos-inaugurates-state-oil-company/ 9 Likes 5 Shares
|
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by sammyj: 10:18am On May 16, 2017 |
Good initiative. Hope the corrupt politicians will not exploit this wonderful move by the Lagos state government !!! ![]() ![]() 43 Likes 2 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by crackerspub: 10:19am On May 16, 2017 |
He said the company was set up to manage the downstream and upstream activities of the state and protect the interest of all stakeholders. Tinubu Oil Company 58 Likes 2 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by kabayomi(m): 10:22am On May 16, 2017 |
Owo ego |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by naijaguy123456(m): 10:22am On May 16, 2017 |
Some people will not like this development but hope it's for the good of the people not the dirty politicians. 32 Likes 3 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by igbozionism(m): 10:25am On May 16, 2017 |
with what 15 Likes 1 Share |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by Shawnnn01: 10:37am On May 16, 2017 |
igbozionism: Who hold their destiny from constituting same office ? 183 Likes 9 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by igbozionism(m): 10:40am On May 16, 2017 |
[quote author=dealslip post=56568536] Can the country 7 Likes 2 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by fearNORTH: 10:43am On May 16, 2017 |
When they say Lagos has oil in commercial quantity yet no known quantity of barrel output.. 19 Likes 2 Shares
|
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by IgbosAreGreat(f): 10:43am On May 16, 2017 |
fearNORTH: ![]() ![]() ![]() ![]() ![]() ![]() ![]() 3 Likes |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by IgbosAreGreat(f): 10:45am On May 16, 2017 |
make dem use only lagos oil ooooo who cares one bottle of oil ![]() ![]() ![]() ![]() ![]() 9 Likes 1 Share |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by abu12: 10:51am On May 16, 2017 |
igbozionism: U are ignorant of what u are saying, all nigerdelta states has their own oil company 63 Likes 1 Share |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by dingbang(m): 7:41am On May 17, 2017 |
Who is the chairman of that company? 1 Like |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by wristbangle: 7:44am On May 17, 2017 |
Good initiative |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by aribisala0(m): 7:47am On May 17, 2017 |
igbozionism:To be very polite,your post is unintelligent. AGIP is Italian SHELL is Dutch and TOTAL is French do those countries have oil? Nestlé is Swiss do they have Cocoa or Coffee? Oil companies are Value Addition entities. That means they are intelligence intensive industries, a concept that will totally elude you If those states have NONE maybe it is because they allow themselves to be led by the likes of Ibori, Uduaghan, Odili, Amaechi and Akpabio. If they have the same quality of leader that Lagos had since 1999 we would surely be singing another song 215 Likes 22 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by aljharem(m): 7:47am On May 17, 2017 |
igbozionism:every niger delta stste has its own oil company. Go and figure 37 Likes |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by Nobody: 7:53am On May 17, 2017 |
Ibile la won eleyi! 44 Likes |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by aribisala0(m): 7:55am On May 17, 2017 |
Small time na, one heediot go say make dem bring headquarters come Gbaramatu. Wetin stop dem to form oil company carry headquarters where dem like The vision for this company transcendsNigeria . 39 Likes |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by ProWalker: 8:06am On May 17, 2017 |
dealslip: Those bush biafrans are hate personified and a true definition in sadism They will vote idiots without any plan but to steal as governor just for no other reason but hate and will now come bring their rubbish here against those that elected a working governor 87 Likes 5 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by igbozionism(m): 8:31am On May 17, 2017 |
this is new 16 Likes 1 Share |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by Nkem4040: 8:43am On May 17, 2017 |
Lagos deceiving Nigerians and themselves. Only a fool will believe that Lagos has oil. If yorubaa has oil, I promise you....they will start pushing for secession. Trust me...I know them very well like I know my wife. I did my primary school in Ogun and university in Lagos. I speak fluent yorubaa than most of these so-called yorubaas in Lagos from other SW states claiming Lagos. 5 Likes 1 Share |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by aribisala0(m): 8:45am On May 17, 2017 |
igbozionism:That is like asking why I wake up and go to work in the morning and you go smoking weed? It is called choice. Why do Italy France and Holland have AGIP, TOTAL and SHELL when they have no oil and Nigeria has the moribund NNPC ? Because they make smart choices. Why do your children have polio while mine are healthy. .? I hope that helps The company is a business it is not limited to Lagos or Nigeria oil.Just like you have the right to start such a business so does Lagos State , There is nothing stopping other states doing so whether alone or in combination /partnership with other entities individual corporate or governments and if they do they are free to compete with SHELL and others. This is not limited to oil and gas but ANY OTHER BUSINESS whether Telecommunications, Aviation, Banking etc.Everything Dangote is doing a state government can do.The problem with Niger Delta Leaders is they lack imagination 115 Likes 5 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by bakynes(m): 8:46am On May 17, 2017 |
igbozionism:You are not well informed about anything in the Oil and Gas Sector. The Ibile Oil and gas company is owned by the Lagos state but the Oil produced is owned by the FG through NNPC and Lagos will only get it's own share of the 13% derivatives. Your state Governors have many private Oil companies that drill and produce Oil, they collect contracts from the Oil majors but all the money accured is going into their pockets which they ought to make a state govt Oil company since they are using the state money. Ambode could have done that too by secretly setting up a private Oil company to collect drilling and production contracts from NNPC but he didn't do that instead he set up a Lagos state Oil company to do that. So all the money accused is coming back to the state purse. Lagos Oil is Nigeria's Oil they will only get 13% derivatives. 88 Likes 8 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by Lushore1: 8:50am On May 17, 2017 |
igbozionism: Are you not suppose to address this question to Niger delta governors? Or is there a law stopping them? 45 Likes 3 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by yemmight(m): 9:32am On May 17, 2017 |
This is our Lagos. 14 Likes |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by aribisala0(m): 9:53am On May 17, 2017 |
Lushore1:He is ignorant but he thinks he knows it all a double tragedy. We have only just started. .We shall soon launch an airline,bank and telecommunications/mobile network company That is how strategic thinkers plan for secession and not by creating rogue radio stations and hanging out with oloshos 109 Likes 5 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by Anambra1stSon(m): 10:09am On May 17, 2017 |
yemmight:Really? 3 Likes
|
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by yemmight(m): 10:34am On May 17, 2017 |
post=56599967: Wetin Akiolu know? That one na king? 31 Likes 1 Share |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by ModsWillKillNL: 10:46am On May 17, 2017 |
post=56599967: That false news ![]() The Oba has dismissed those behind it as idiottts ![]() 43 Likes 1 Share |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by Jabioro: 10:49am On May 17, 2017 |
Watch and see how Lagos will overtake the former oil producing states in term of management, benefit and expansion to her citizens.. 19 Likes 2 Shares |
Re: Lagos Inaugurates Ibile Oil And Gas Corporation (IOGC), State Oil Company by dremide: 11:27am On May 17, 2017 |
igbozionism:Who stopped them? 20 Likes 1 Share |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Sanwo-olu Reacts To The Death Of Kolade Johnson, Killed By SARS / Lekki-Ikoyi Link Bridge Toll Collection Goes Cashless Today / FG Urges Nigerians To Consider Bicycles For Transportation
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42 |