News

Oborevwori building durable infrastructure for Deltans – Izeze

Published

2 weeks ago

October 19, 2024

DAN DENT

SPONSORED BY: H&H

Delta State Commissioner for Works (Highways and Urban Roads), Comrade Reuben Izeze, Wednesday, said Governor Sheirff Oborevwori was building durable infrastructure for economic stability of the state.

Commissioner for Works (Highways and Urban Roads) Comrade Reuben Izeze (middle) Commissioner for Special Projects Barr Funyei Manager (Left) and Site Supervisor CCECC Construction Company Mr Zhou during an on the spot assessment visit to the Obo Bridge Project along Ughelli-Asaba Expressway on Wednesday.

Speaking during an unscheduled inspection visit to the Obo River bridge along the Sector C of the Ughelli-Asaba highway, Izeze said he was at the project site for an on-the-spot assessment of the quality of work, being done by the construction company.

“Our visit here today is in line with Governor Sheriff Oborevwori’s desire to build durable infrastructure for the benefit of the people.

“In line with this mandate, no stone will be left unturned to achieve this, hence our tour of these project sites and as such we will not relent on our responsibilities,” Izeze added.

The team from the ministry, later collected a sample of concrete from the batch, to carry out a test, to ascertain, if the concrete is in compliance with the design specification. A process called ‘Concrete Cube Test’.

The project which is 45 percent complete is expected to be completed in 2025.

On hand to receive the Honourable Commissioner, was Mr. Zhou, the Site Supervisor, who said, work was progressing steadily, safely, and that, the project will be delivered on schedule, according to specifications.

He expressed, surprise at the unscheduled visit, saying they were not notified but was happy that they were not caught off guard and promised they will do their best to ensure they maintain their reputation of delivering quality and durable jobs.

In a related development, the Commissioner for Works, Comrade Reuben Izeze also visited erosion site at Obinomba community in Ukwuani Local Government Area of the state.

Izeze, who was in company of the member representing Ukwuani State Constituency in House of Assembly, Hon. Chukwudi Dafe, said he was in the area, to see and assess the concerns of the people of Obinomba community and promised to channel his observations and findings, to the appropriate authorities.

In an interview with journalists, the people of Obinomba called on the State Government, to come to their aid and save them from the fear of imminent total collapse and disappearance of their community to the yearly severe eruption of the tornado-like erosion, ravaging the area.

A community leader and a retired Principal, Mr. Fidelis Osuyali, a retired Principal, said, the erosion, which started like a child’s play, is eating deep and ravaging the community, with every rain drop.

He said, the former foot path, through the Dr. Ojudo Street, to the Ethiope River, which has become a huge gully, will soon wash away most of the houses around the area, if the government does not come to their rescue, since all their personal and community efforts to tackle the erosion menace, had failed repeatedly.

He said, most of the indigenes of the community, had made concerted moves to provide relief measures, to put in check the damage brought by the erosion and that it was time they cried out, for fear of being swallowed up by the tornado like erosion, which is ravaging the community.

Mr. Osuyali noted that, when their houses, were built a few years ago, they could drive their cars, effortlessly, to their compounds, close to the Ethiope River bank, but the story is not the same today.

Also speaking, a Director Administration, Delta State House of Assembly, Mr. Pina Obianugba, a native of the community, said, if action is not taken urgently, the devastating erosion, will cause greater havoc to the peaceful community.

He recalled, his growing up days, when they used to walk freely through the bush path to the river for fishing, farming, trading and riverine transportation, from their community to all the neighboring towns and villages.

Mr. Pina said, it is indeed sad and excruciating to see his beloved community, being washed away.

He emphasised, that it is baffling to see the river, being filled with sand, from the force of the erosion, which has persistently caused them nightmares.

He said, the old Sapele – Agbor Road, which is the only viable route for commerce and trade, should be protected, to save lives and property.

Mr. Pina pointed out that, dangerous reptiles, often come out of the huge gully, at the end of the Onojafe street, another worse hit section, of the town.

News

The Pointer Award: Aniagwu hails Delta journalists

Published

1 day ago

October 29, 2024

august24admin

The Pointer Award: Aniagwu hails Delta journalists

DAN DENT (ASABA)

Delta State Commissioner for Works (Rural and Riverine Roads) Mr Charles Aniagwu has sent a message of appreciation to journalists in the state and country for their support since coming into governance in 2015.

Aniagwu who was bestowed with The Pointer Newspaper Public Service Excellence Award at the 30th Anniversary of the newspaper held yesterday at Grand Hotel and Resorts, Asaba, dedicated the award to journalists in the state and country.

Aniagwu a former Commissioner for Information in the state, appreciated immediate past Governor of the State, Senator Dr Ifeanyi Okowa and his successor Rt. Hon. Sheriff Oborevwori for finding him worthy to serve amidst other qualified Deltans.

Speaking on the sidelines of the event, Aniagwu said, “Let me appreciate my bosses starting with Senator Dr Ifeanyi Okowa who gave me the privilege to serve as his Commissioner for Information and of course the privilege I also have at the moment under the distinguished leadership of Rt. Hon. Sheriff Oborevwori.

“For me to have that say in this state, I deeply appreciate these leaders because it is possible that if these positions that I had the privilege to hold is also extended to any other Deltan they could possibly perform even better than I did.

“But to be distinguished and recognised, I give God the glory and for me it is a reminder of the need to try as much as possible when you are given a responsibility to discharge it with the best of your ability.

“When such recognition is coming from my colleagues, you know the journalism profession is one critical profession that tries to examine what people do.

“So when you have your colleagues who are in the same profession agreeing that you have done well, all you need do is to give glory to God and also appreciate them for the support they extended to you.

“In my sojourn as Chief Press Secretary and the Ministry of Information I really enjoyed the support of my colleagues both those in the media and those managing the media houses, my colleagues in Government and the state.

“I give God all the glory for the kind of support I have continued to enjoy since coming into this state for the purpose of working for the state government in 2015. I feel quite excited about this recognition and I do not take it for granted.”

Speaking on the journey so far for The Pointer Newspaper, Aniagwu commended the paper for weathering the storm over the years.

“I have had the privilege of presiding over the affairs of the paper and I can tell you that there a whole lot of misunderstanding around the operations of the newspaper.

“So much needs to be done especially as they are still printing through a third party process, it will be better if we can provide them with a good printing press, so that they begin to print for themselves.

“The moment they can print the paper by themselves, it will make it easier to increase the print run, it becomes easier to be in control of their speed as well.

“Once that is done and a proper distribution facility is provided, the paper can then have their independence to go and generate their own money and ensure they remit something to the state government.

“But I can tell you that the way they are now if thatASABA assistance is not given, they may still continue to struggle to be able to meet up.

“Looking at the conditions they operate, you will appreciate the women and men who work in that establishment that they are actually putting in a lot to be able to produce on daily basis.”

News

Transcorp Plc Completes Share Capital Reconstruction to Enhance Shareholder Value

Published

2 days ago

October 28, 2024

august24admin

AJAGBE ADEYEMI TESLIM

News

Transcorp Group Announces Further Impressive Financial ResultsQ3 2024 Figures Reveal 133% Revenue Growth and 303% Surge in Profits

Published

2 days ago

October 28, 2024

august24admin

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Transnational Corporation Plc (Transcorp Group), Nigeria’s leading listed conglomerate, has reported its financial results for the third quarter ending September 30, 2024, showcasing remarkable year-on-year growth.

The Group’s Q3 2024 unaudited results demonstrate strength across key financial performance measures, highlighting the success of its growth-driven strategy.

In Q3 2024, Transcorp Group achieved revenue of N298 billion, a 133% increase from N128 billion recorded in the same period of 2023. Profit before tax (PBT) increased by a remarkable 303%, to N105.5 billion, compared to N26.2 billion recorded in Q3 2023, further solidifying the Group’s position in Nigeria’s business landscape.

Key Financial Highlights:

Revenue Growth: 133% increase, rising to N298 billion from N128 billion in Q3 2023.

Profit Before Tax: Surged by 303% to N105.5 billion in Q3 2024, from N26.2 billion in the same period last year.

Total Assets: Grew by 29%, increasing from N530 billion in December 2023 to N684 billion in Q3 2024.

Shareholders’ Funds: Increased by 34%, from N187 billion in December 2023 to N251 billion in Q3 2024, driven by profit accreting to retained earnings.

Operating Expenses: Increased by 38% to N32 billion in Q3 2024, compared to N23 billion in the previous year, reflecting the impact of inflation on the cost of operations.

Net Finance Cost: Increased by 12% to N12 billion in Q3 2024, from N10 billion in Q3 2023, due to rising interest rates.
Owen Omogiafo, OON, President/Group Chief Executive Officer, Transcorp Group, attributed the Group’s exceptional performance to its focus on innovation, operational excellence, and ability to navigate a complex market environment.

She said: “We are proud of our consistent year-on-year growth. This remarkable financial performance is a reflection, once again, of our vision and spirit of execution. As we approach year end, we will focus on enhancing operational efficiency, investing in high-growth sectors, and delivering long-term value to our shareholders. We are investing for the future, particularly in the energy and hospitality sectors, delivering for our shareholders and our nation.”

About Transnational Corporation Plc

Transnational Corporation Plc (“Transcorp”) is one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.

Transcorp’s power businesses – Transcorp Power Plc and Transafam Power Limited – provide over 20% of Nigeria’s installed power capacity. Transcorp is committed to developing Nigeria’s domestic energy value chain, through its investments in OPL28 and its renewable energy drive through Transcorp Energy Limited. The Group’s hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination.

www.transcorpgroup.com