General news

NIPS: FG changes summit name to Nigeria International Energy Summit



NIPS: FG changes summit name to Nigeria International Energy Summit

By Edith Ike-Eboh The federal government changed the name of the Nigeria International Petroleum Summit (NIPS) to the Nigeria International Energy Summit. The Minister of State for Petroleum Resources, Chief Timipre Sylva, made the announcement during the closing ceremony of the 4th edition of the NIPS in Abuja on Thursday. He said the changes were part of the government’s move towards energy transition and shifting the gas decade. He said the successful hosting of NIPS 2021 was an indication of the government’s resilience and determination to transition to a gas economy. “The NIPS narrowly escaped closure in 2020 as the summit ended a few days before the worldwide shutdown due to the coronavirus pandemic. “This year we have already had a good outing with the number of participants and the discussion we had, it is a testimony that NIPS is the event of God. “From today, the NIPS will be called the Nigeria International Energy Summit,” he said. Sylva noted that so far the summit has resulted in various developments in the industry, adding that the outcome of the 2021 summit would have more impact. Last year, the WalterSmith modular refinery was at the presentation stage, talks were still on making the final investment decision (FID) on train seven and the Ajaokuta Kaduna Kano (Akk) pipeline was still not on board. “Today, in 2021, we celebrate these projects as a reality and a milestone. It is a clear demonstration of how far we can go as a country, ”he added. The minister praised the cooperation of all stakeholders to ensure that the country uses its huge gas field to join the world league of industrialized nations. (NAA)


Short Link:


NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @

Recent Posts

Global COVID-19 cases drop for 7th week – WHO Governors to hold virtual meeting on judicial, legislative autonomy PDP is focused to take over Anambra – state Chairman Football scouting programme begins in Ilorin NGF felicitates ex-Head of State Abubakar @79 Osinbajo urges counter narratives to superstitious beliefs about albinism A’Ibom Assembly passes 19 bills in 2 years Nigeria needs unifying, proactive leaders–Osinbajo Lagos Govt unveils emergency, security dispatch centre in Epe How church saved widow from harmful traditional practice – Catholic priest Insecurity: Edwin Clark calls for National Dialogue First lady meets wives of Service Chiefs, urges support for spouses Police arrest 7 suspected cult members in Lagos JUSUN commends Ngige for support during strike World Blood Donor Day: FG recognises voluntary donors for consistency Repositioning Nigerian MSMEs for AfCFTA Kano partners private firm on $162m first agro-industrial park –official G7 devt. finance institutions, others to invest $80bn into African businesses Ogun APC loses treasurer World Blood Donor Day: Nigeria needs 200m units of blood annually — NBTS Police foil robbery attack in Kaduna NNPC, Egbin collaborate to boost gas-to-power programme LASUTH to inaugurate 200-bed building Former labour minister urges new NSITF mgt. to embrace integrity Forum calls on governments to ensure adequate security of Nigerians Onyeama, Odusile, IOM for JIFORM Togo summit Niger community seeks support for kidnapped Chief, wives NATO summit opens with focus on solidarity China presents ‘systemic challenges’ to int’l order – NATO India reiterates support to cricket development in Nigeria Attacks: CP orders more personnel to Zaria Raw materials processing key to value addition, intra trade- Sealink Chairperson Sealink to commence operation in Q4 2021- Chairperson Inland waterways use will deepen African trade- Sealink UNICAL VC bags African teaching authourity award First person: a live antidote to disinformation in the Central African Republic NGO plans free learning in churches, mosques Activist wants governors to support judicial, legislative, LGA’s financial autonomy 2 die in Jigawa road accident Bauchi governor appoints new Chief of Staff Mortars still preferred to blenders – NAN survey Anambra governorship candidate pledges more dividends of democracy Global legal community steps up for refugees amid pandemic, providing 165,000 hours of free legal aid COVID-19: Nigeria records lowest infection figure in more than 1 year COVID-19 vaccine: UNICEF hails G7 commitment to sharing 870m doses COVID-19: ACT-Accelerator partnership needs $16bn to fill funding gap – WHO Tambuwal says PDP set to regain power Osinbajo, Fayemi laud Oba’s development efforts Gov. Masari restates commitment to water supply World Blood Day: 7m African patients need blood yearly – WHO