FG Selects 161 Firms for Marginal Oilfields’ Final Bid Round Emmanuel Addeh in Abuja The federal government, through the Department of Petroleum Resources (DPR), yesterday announced that 161 successful companies had been shortlisted to advance to the next and final stage of the
bid round for 57 marginal oilfields. According to the DPR, a marginal field is any field that has reserves booked and reported annually to the DPR and has remained unproduced for a period of over 10 years. In this case, the 57 marginal
fields available for bidding include 11 fields revoked by the federal government for various reasons, including non-performance. Earlier, the regulatory agency had said over 600 companies applied to be pre-qualified for the bid rounds for the marginal
oilfields, an exercise which was last conducted in 2003. The ongoing programme attracted widespread interest, prompting an extension of the deadline to June 21, with an almost 30 per cent increase in participation during the shift in date.
A statement yesterday by the Head, Public Affairs of the DPR, Mr. Paul Osu, said the shortlisted firms were selected from the over 600 entities that applied for pre-qualification. “The 2020 marginal oilfield bid round process is still ongoing in line with our
published timelines on DPR website and bid portal. “The current status is that 161 successful companies have been shortlisted to advance to the next and final stage of the process,” Osu said. Continued on page 10
Investors Gain N8tn as Nigerian Stock Market Closes Bullish... Page 8 Friday 1 January, 2021 Vol 26. No 9399. Price: N250
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Analysts Upbeat on Economic Recovery as President Signs 2021 Budget Considers sending amendment bill to N'Assembly Omololu Ogunmade, James Emejo in Abuja and Dike Onwuamaeze in Lagos Analysts and members of the
organised private sector (OPS) yesterday praised President Muhammadu Buhari and the National Assembly for making it possible for the
2021 Appropriation Bill to become a law in record time. Speaking in separate interviews with THISDAY, they expressed optimism that
Sanwo-Olu signs N1.16tn budget into law
the early passage of the bill and the consequent timely assent by the president will put the economy on the path of recovery from the current
recession. Earlier, the president, at a brief ceremony at the State House, Abuja, had assented to the N13, 588, 027,886, 175
trillion 2021 Appropriation Bill, passed on December 21. He promised to study Continued on page 10
Buhari: We Won’t Shirk Responsibility to Protect Lives, Property of Nigerians Vows to overhaul security apparatus Says 2020 tested national resilience, ability to survive tough times Jonathan, Lawan, govs, Anyaoku, others preach hope, unity Omololu Ogunmade, Chuks Okocha, Udora Orizu in Abuja, and Kemi Olaitan in Ibadan President Muhammadu Buhari has pledged to re-energise and reorganise Nigeria's security apparatus as well as the personnel of both the armed forces and the police in the new year, as part of his administration's commitment to battling the security crisis facing the country. Buhari, in his New Year broadcast to Nigerians today, said his administration would not abdicate its responsibility to make the country safe for its people. He added that the reenergising and reorganisation of the security system would be done with the overall intention to enhance their capacity and consequently dismantle the operations of terrorists and other criminal elements terrorising the
country. Other political leaders such as Buhari’s predecessor, Dr. Goodluck Jonathan; former Vice President Atiku Abubakar; President of the Senate, Dr. Ahmad Lawan; his predecessor, Dr. Bukola Saraki; House of Representatives Speaker, Hon. Femi Gbajabiamila and former Commonwealth Secretary-General, Chief Emeka Anyaoku, also urged the people to be hopeful of a better future for the country just as they canvassed unity among Nigerians. The president said the rapid collaboration of security forces, which led to the rescue of the 344 pupils of Government Science Secondary School, Kankara, Katsina State, last month, showed that the country has the internal capacity to effectively battle terrorism. Continued on page 42
A NEW FISCAL YEAR BEGINS...
President Muhammadu Buhari at the signing of the 2021 Appropriation Bill into law, in Abuja…yesterday
godwin omoigui