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  •  The United States U S says it is committed to strengthening commercial engagement with Nigeria through African Development Bank AFDB Ashley Ndir Senior Commercial Officer U S Department of Commerce s Liaison Office of the African Development Bank AFDB said this on Wednesday in Lagos She spoke at the first ever Discover AFDB Nigeria Business Spotlight which held at Microsoft Office in Lagos The News Agency of Nigeria reports that the event was organised by the U S Commercial Service Liaison Office to the African Development Bank AfDB in collaboration with the American Business Council and the African Development Bank Nigeria Country Department She said the objective of the event was to inform US companies of the business opportunities provided by AfBD which would translate to commercial engagement with Nigeria The U S Commercial Liaison Office to the AfDB s objective is to assist U S companies in navigating public and corporate procurement opportunities at the Bank and expand understanding of the resources of the AfDB s private sector financing We want to see more American firms active in doing business with the AfDB here in Nigeria as well as across the continent Commercial engagement with Nigeria would improve the economy and social businesses so the importance of this event cannot be overemphasised she said She noted that the United States was the largest non regional shareholder at the African Development Bank which had 54 operations in their Nigeria portfolio valued at 4 5 billion Our vision is to boost economy and social businesses in the Africa especially in Nigeria where we have strong relationship This is one of the many steps we take in ensuring that the bilateral relationship between both countries are strengthened because Nigeria is a key partner for the U S she said Mr Lamin Barrow Director General Country Department AfDB Nigeria outlined the bank s strategy key initiatives and financing activities to support the country s economic and social progress He added that the bank s mandate included tackling poverty and ensuring improvement in the living conditions of its regional members He noted that Nigeria and other African countries had huge infrastructure deficits which are major constraints to development The bank s country strategy paper for Nigeria seeks to promote structural transformation and inclusive growth through two mutually reinforcing pillars Supporting Infrastructure Development and Promoting Social Inclusion through Agricbusiness and Skills Development These priority areas provide an opportunity for the bank to support infrastructure development and the creation of an enabling business environment to catalyse private sector investments in the productive sectors of the economy The Country Department of the AfDB is delighted to be part of this initiative to expand outreach and provide a platform to inform US firms about business opportunities arising from the bank s financing activities to the public and private sector in African countries he said Margaret Olele Chief Executive American Business Council said that the platform would serve as a springboard in creating business opportunities for Nigerians She added that it would help in boosting the economy of the country as employment opportunities would be created http NewsSourceCredit NAN
    U.S. pledges to strengthen commercial engagement with Nigeria
     The United States U S says it is committed to strengthening commercial engagement with Nigeria through African Development Bank AFDB Ashley Ndir Senior Commercial Officer U S Department of Commerce s Liaison Office of the African Development Bank AFDB said this on Wednesday in Lagos She spoke at the first ever Discover AFDB Nigeria Business Spotlight which held at Microsoft Office in Lagos The News Agency of Nigeria reports that the event was organised by the U S Commercial Service Liaison Office to the African Development Bank AfDB in collaboration with the American Business Council and the African Development Bank Nigeria Country Department She said the objective of the event was to inform US companies of the business opportunities provided by AfBD which would translate to commercial engagement with Nigeria The U S Commercial Liaison Office to the AfDB s objective is to assist U S companies in navigating public and corporate procurement opportunities at the Bank and expand understanding of the resources of the AfDB s private sector financing We want to see more American firms active in doing business with the AfDB here in Nigeria as well as across the continent Commercial engagement with Nigeria would improve the economy and social businesses so the importance of this event cannot be overemphasised she said She noted that the United States was the largest non regional shareholder at the African Development Bank which had 54 operations in their Nigeria portfolio valued at 4 5 billion Our vision is to boost economy and social businesses in the Africa especially in Nigeria where we have strong relationship This is one of the many steps we take in ensuring that the bilateral relationship between both countries are strengthened because Nigeria is a key partner for the U S she said Mr Lamin Barrow Director General Country Department AfDB Nigeria outlined the bank s strategy key initiatives and financing activities to support the country s economic and social progress He added that the bank s mandate included tackling poverty and ensuring improvement in the living conditions of its regional members He noted that Nigeria and other African countries had huge infrastructure deficits which are major constraints to development The bank s country strategy paper for Nigeria seeks to promote structural transformation and inclusive growth through two mutually reinforcing pillars Supporting Infrastructure Development and Promoting Social Inclusion through Agricbusiness and Skills Development These priority areas provide an opportunity for the bank to support infrastructure development and the creation of an enabling business environment to catalyse private sector investments in the productive sectors of the economy The Country Department of the AfDB is delighted to be part of this initiative to expand outreach and provide a platform to inform US firms about business opportunities arising from the bank s financing activities to the public and private sector in African countries he said Margaret Olele Chief Executive American Business Council said that the platform would serve as a springboard in creating business opportunities for Nigerians She added that it would help in boosting the economy of the country as employment opportunities would be created http NewsSourceCredit NAN
    U.S. pledges to strengthen commercial engagement with Nigeria
    General news2 weeks ago

    U.S. pledges to strengthen commercial engagement with Nigeria

    The United States (U.

    S.) says it is committed to strengthening commercial engagement with Nigeria through African Development Bank (AFDB).

    Ashley Ndir, Senior Commercial Officer, U.

    S Department of Commerce’s Liaison Office of the African Development Bank (AFDB), said this on Wednesday in Lagos.

    She spoke at the first-ever Discover AFDB-Nigeria Business Spotlight which held at Microsoft Office in Lagos.

    The News Agency of Nigeria reports that the event was organised by the U.

    S. Commercial Service Liaison Office to the African Development Bank (AfDB) in collaboration with the American Business Council and the African Development Bank Nigeria Country Department.

    She said the objective of the event was to inform US companies of the business opportunities provided by AfBD which would translate to commercial engagement with Nigeria.

    “ The U.

    S. Commercial Liaison Office to the AfDB’s objective is to assist U.

    S. companies in navigating public and corporate procurement opportunities at the Bank and expand understanding of the resources of the AfDB’s private sector financing.

    We want to see more American firms active in doing business with the AfDB here in Nigeria as well as across the continent.

    “Commercial engagement with Nigeria would improve the economy and social businesses, so the importance of this event cannot be overemphasised,” she said.

    She noted that the United States was the largest non-regional shareholder at the African Development Bank, which had 54 operations in their Nigeria portfolio valued at $4.5 billion.

    “ Our vision is to boost economy and social businesses in the Africa especially in Nigeria where we have strong relationship.

    “This is one of the many steps we take in ensuring that the bilateral relationship between both countries are strengthened because Nigeria is a key partner for the U.

    S.” she said.

    Mr, Lamin Barrow, Director General, Country Department, AfDB Nigeria, outlined the bank’s strategy, key initiatives and financing activities to support the country’s economic and social progress.

    He added that the bank’s mandate included tackling poverty and ensuring improvement in the living conditions of its regional members.

    He noted that Nigeria and other African countries had huge infrastructure deficits which  are major constraints to development.

    “The bank’s country strategy paper for Nigeria seeks to promote structural transformation and inclusive growth through two mutually reinforcing pillars: Supporting Infrastructure Development and Promoting Social Inclusion through Agricbusiness and Skills Development.

    “These priority areas provide an opportunity for the bank to support infrastructure development and the creation of an enabling business environment to catalyse private sector investments in the productive sectors of the economy.

    “The Country Department of the AfDB is delighted to be part of this initiative to expand outreach and provide a platform to inform US firms about business opportunities arising from the bank’s financing activities to the public and private sector in African countries,” he said.

    Margaret Olele, Chief Executive, American Business Council, said that the platform would serve as a springboard in creating business opportunities for Nigerians.

    She added that it would help in boosting the economy of the country as employment opportunities would be created.

    (http:.


    NewsSourceCredit: NAN

  •  The National Institute for Pharmaceutical Research and Development NIPRD has pledged support for the emergent African Pharmaceutical Technology Foundation recently approved by the African Development Bank s AFDB Board of Directors NIPRD s Director General Dr Obi Adigwe made this known in a statement issued on Wednesday in Lagos He stated that the Foundation would enhance Africa s access to technologies that underpin the manufacture of medicines vaccines and other pharmaceutical products significantly Adigwe added that the NIPRD had galvanised resources and stakeholders to enable it to play a crucial role in the continental initiative According to him the Foundation fully aligns with NIPRD s objective of conceptualisation of strong pan African initiative where it has recorded many strides particularly since the outbreak of COVID 19 After the COVID 19 outbreak NIPRD emerged as a huge contributor to the national and global response NIPRD provided the internationally acclaimed analysis that underpinned many African governments categorical position on the Madagascan COVID 19 organics preparation This analysis went viral internationally with scientists and policymakers around the world referencing NIPRD s seminal work on the product with their work a multitude of lives on the continent were saved Africa conserved millions of dollars that would otherwise have been expended on an unverified product and research and development resources were prioritised for more effective solutions he stated The director general added that NIPRD had been involved as sponsor and as technical partner in a number of control trials to scientifically prove the efficacy of some conventional medicines currently at clinical trial phase He stated also that the institution emerged as a continental leader in the use of nanotechnology and Artificial Intelligence in drug discovery He added that the institution played a seminal role in the articulation of the Medicines Security concept that links local manufacturing with access to healthcare and socioeconomic development This he explained was especially in areas of job creation technology transfer and revenue generation In June the institute published a seminal article on the relationship between intellectual property rights and access to COVID 19 vaccines in the prestigious PLOS Global Public Health Journal The publication emanated from the debate generated by a webinar convened by the institute when Africa which did not have manufacturing capacity was being denied equitable access to vaccines Adigwe stated NewsSourceCredit NAN
    Nigerian institution supports AfDB’s pharmaceutical Foundation
     The National Institute for Pharmaceutical Research and Development NIPRD has pledged support for the emergent African Pharmaceutical Technology Foundation recently approved by the African Development Bank s AFDB Board of Directors NIPRD s Director General Dr Obi Adigwe made this known in a statement issued on Wednesday in Lagos He stated that the Foundation would enhance Africa s access to technologies that underpin the manufacture of medicines vaccines and other pharmaceutical products significantly Adigwe added that the NIPRD had galvanised resources and stakeholders to enable it to play a crucial role in the continental initiative According to him the Foundation fully aligns with NIPRD s objective of conceptualisation of strong pan African initiative where it has recorded many strides particularly since the outbreak of COVID 19 After the COVID 19 outbreak NIPRD emerged as a huge contributor to the national and global response NIPRD provided the internationally acclaimed analysis that underpinned many African governments categorical position on the Madagascan COVID 19 organics preparation This analysis went viral internationally with scientists and policymakers around the world referencing NIPRD s seminal work on the product with their work a multitude of lives on the continent were saved Africa conserved millions of dollars that would otherwise have been expended on an unverified product and research and development resources were prioritised for more effective solutions he stated The director general added that NIPRD had been involved as sponsor and as technical partner in a number of control trials to scientifically prove the efficacy of some conventional medicines currently at clinical trial phase He stated also that the institution emerged as a continental leader in the use of nanotechnology and Artificial Intelligence in drug discovery He added that the institution played a seminal role in the articulation of the Medicines Security concept that links local manufacturing with access to healthcare and socioeconomic development This he explained was especially in areas of job creation technology transfer and revenue generation In June the institute published a seminal article on the relationship between intellectual property rights and access to COVID 19 vaccines in the prestigious PLOS Global Public Health Journal The publication emanated from the debate generated by a webinar convened by the institute when Africa which did not have manufacturing capacity was being denied equitable access to vaccines Adigwe stated NewsSourceCredit NAN
    Nigerian institution supports AfDB’s pharmaceutical Foundation
    General news2 months ago

    Nigerian institution supports AfDB’s pharmaceutical Foundation

    The National Institute for Pharmaceutical Research and Development (NIPRD) has pledged support for the emergent African Pharmaceutical Technology Foundation recently approved by the African Development Bank’s (AFDB) Board of Directors.

    NIPRD’s Director-General, Dr Obi Adigwe, made this known in a statement issued on Wednesday in Lagos.

    He stated that the Foundation would enhance Africa’s access to technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products significantly.

    Adigwe added that the NIPRD had galvanised resources and stakeholders to enable it to play a crucial role in the continental initiative.

    According to him, the Foundation fully aligns with NIPRD’s objective of conceptualisation of strong pan-African initiative where it has recorded many strides, particularly since the outbreak of COVID-19.

    “After the COVID-19 outbreak, NIPRD emerged as a huge contributor to the national and global response.

    “NIPRD provided the internationally-acclaimed analysis that underpinned many African governments’ categorical position on the Madagascan COVID-19 organics preparation.

    “This analysis went viral internationally with scientists and policymakers around the world referencing NIPRD’s seminal work on the product with their work; a multitude of lives on the continent were saved.

    “Africa conserved millions of dollars that would otherwise have been expended on an unverified product, and research and development resources were prioritised for more effective solutions,’’ he stated.

    The director-general added that NIPRD had been involved as sponsor and as technical partner in a number of control trials to scientifically prove the efficacy of some conventional medicines currently at clinical trial phase.

    He stated also that the institution emerged as a continental leader in the use of nanotechnology and Artificial Intelligence in drug discovery.

    He added that the institution played a seminal role in the articulation of the Medicines’ Security concept that links local manufacturing with access to healthcare and socioeconomic development.

    This, he explained, was especially in areas of job creation, technology transfer and revenue generation.

    “In June, the institute published a seminal article on the relationship between intellectual property rights and access to COVID-19 vaccines in the prestigious PLOS Global Public Health Journal.

    “The publication emanated from the debate generated by a webinar convened by the institute when Africa which did not have manufacturing capacity was being denied equitable access to vaccines.’’ Adigwe stated.

    NewsSourceCredit: NAN

  •  The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence Under the administration s Energizing Education Economies and Agriculture Programmes the government had so far taken clean and reliable energy Solar and Gas to Federal Universities Teaching Hospitals Markets and Rural Areas across the country The four Universities completed and commissioned already are Bayero University Kano BUK Kano FUNAI Ebonyi ATBU Bauchi and FUPRE Delta Sabon Gari Market in Kano Ariaria Market in Aba and Sura Shopping Complex in Lagos On National Mass Metering Programme the Central Bank of Nigeria is providing N200 billion for this and so far more than one million meters have been rolled out in the first phase This first phase generated more than 10 000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on grid consumers launched in August 2020 The Solar Power Naija SPN Launched in April 2021 to deliver 5 million off grid solar connections would be impacting more than 20 million Nigerians and financed through Central Bank of Nigeria loans as well as through partnerships with NDPHC NNPC and the NSIA The programme is expected to generate an additional N7 billion increase in tax revenues per annum and 10 million in annual import substitution Under Solar Power Naija and NDPHC s partnership ASolar is rolling out 100 000 Solar Home Systems across the country while the NSIA partnering under SPN has announced a N10 billion fund for developers targeting more than 250 000 solar connections In May 2021 the Rural Electrification Agency REA announced the planned deployment of solar powered grids to 200 Primary Health Centres PHC and 104 Unity Schools nationwide Nigeria Electrification Project NEP is a 550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank NEP is a combination of subsidies direct contracts and technical assistance to support Electrification across Nigeria NEP has so far deployed more than 20 000 Standalone Solar Systems SHS as well as Solar Hybrid Mini grids in more than 250 locations across the country The Rural Electrification Fund REF created by the Electricity Power Sector Reform Act of 2005 was operationalized by the Buhari Administration in 2016 Since 2016 the REF under REA has executed more than N4 billion in projects with more than N5 billions of Off Grid mainly Solar projects slated to be executed across Nigeria in 2022 On the special grid interventions the Federal Government has many key grid initiatives with more than N125 2 billion budgeted between 2015 to 2021 for TCN and Development Finance Funding through the likes of World Bank AFDB AFD JICA and others of up to 1 7 billion The Central Bank of Nigeria is also funding 250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery Additionally through the Presidential Power Initiative PPI aka Siemens Power Program an additional 2 0 billion or more will be invested in the Transmission Grid PPI is a Government to Government initiative involving the Governments of Nigeria and Germany and Siemens AG of Germany to upgrade and modernize Nigeria s electricity grid The Contract for the pre engineering phase of the Presidential Power Initiative PPI was signed in Feb 2021 following the 2020 approval for the payment of FGN s counterpart funding for that phase while the first set of equipment contract awards were made in Dec 2021 comprising 10 Mobitra Transformers and 10 Substations In all the PPI will encompass as many as 127 individual Transmission and Distribution projects Brownfield and Greenfield Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha Delta Power Station to Benin as well as the Kano to Katsina 330kV line respectively The 200 million Transmission Infrastructure Project financed by JICA entails the construction of about 200 km of high voltage transmission lines and a number of high voltage substations benefiting several communities in the two States Also through a special CBN intervention for Transmission Distribution interfaces contracts have been awarded for more than 30 Substation Rehabilitations and 1 570MVA transformer capacity upgrades with 34 critical transformers to be installed or replaced On a Policy level the Nigerian Electricity Regulatory Commission NERC has rolled out various policies ranging from a Tariff Capping Regulation for un metered customers to the Eligible Customer Regulations to the introduction of a Service based Tariff Regime and CBN oversight of Disco Bank accounts which has helped improve payment discipline by Discos The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing The ministry has completed or is completing housing projects in 34 States of Nigeria under the National Housing Programme with the support of the State Governments who provided the land So far more than 5 000 houses are at various stages of completion and thousands more are planned The Family Homes Fund Limited FHFL incorporated by the Federal Government of Nigeria in Sept 2016 is the implementing agency for the Buhari Administration s National Social Housing scheme The Fund has now completed more than 13 000 homes across nine States with another 20 000 commencing building works in 2022 In the process these housing developments have created more than 64 000 direct and indirect jobs The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission NIPC Pioneer Status to e Commerce and software development companies Stipulation of N145 per linear meter cap on Highway Right of Way RoW for fibre optic cabling to incentivize investment in rollout Launch of new national 5G policy in 2021 and successful licensing of two private companies to rollout 5G nationally Nigeria s 5G rollout will commence in August 2022 Establishment of new National Data Protection Bureau which is expected to develop primary legislation for data protection and privacy Launch of new National Digital Economy Policy and Strategy by President Buhari in 2019 Drafting of the Nigeria Startup Bill NSB and submission of the draft Bill to the National Assembly for consideration and passage into law Establishment in 2021 of a National Centre for Artificial Intelligence and Robotics NCAIR Ongoing implementation starting 2021 of the National Information and Communication Technology Infrastructure Backbone Phase 2 NICTIB 2 Project The goal of NICTIB is to rollout a nationwide fibre infrastructure network Ongoing construction of a Tier 4 Data Center in Kano to join existing infrastructure in Abuja Tier 3 Data Center and Enugu A Disaster Recovery Site The Kano Data Center is expected to be completed in 2022 The major achievements of the Buhari administration in the area of oil and gas include Buhari s assent to the Petroleum Industry Act on Aug 16 2021 This broke a two decades old jinx and is setting the stage for the unprecedented transformation of Nigeria s oil and gas sector Under the new Act the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022 The regulatory framework for the sector has also changed with the establishment of a the Nigerian Upstream Petroleum Regulatory Commission NUPRC and b the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA which merged the hitherto existing Petroleum Products Pricing Regulatory Agency PPPRA Petroleum Equalization Fund Management Board PEFMB and the Midstream and Downstream Divisions of the Department of Petroleum Resources DPR The historic Signing Ceremony in May 2021 of the Execution of Oil Mining Lease OML 118 Agreements between NNPC Limited and its Contractor Partners Shell Exxon Mobil TOTAL and NAOC These Agreements settled long standing disputes that stalled development and will unlock more than 10 billion of new deep water investment in Nigeria The Buhari administration has declared this decade the Decade of Gas The Federal Government has embarked on the construction of 614km Ajaokuta Kaduna Kano Gas Project the largest domestic gas project in the country Already the government has secured US 45 million financing from the Islamic Development Bank for the Front End Engineering Design FEED Study for the Nigeria Morocco Gas Pipeline NMGP project The Agreement for the Pipeline project was signed by the two countries during President Buhari s State Visit to Morocco in June 2018 When completed it will be the longest offshore pipeline in the world and the second longest pipeline in the world running across 13 countries 11 of them in West Africa It s believed that the successful completion of Nigeria s first Marginal Field Bid Round in almost 20 years is expected to raise in excess of half a billion dollars and open up a new vista of investment in oil and gas Launch of National LPG Expansion Programme including Removal of VAT from the domestic pricing of LPG Financial close and signing of contract for NLNG Train 7 which will grow Nigeria s LNG production capacity by 35 per cent Nigeria and Morocco in 2021 signed an agreement to develop a US 1 4 billion multipurpose industrial platform Ammonia and Di Ammonium Phosphate production plants that will utilize Nigerian gas and Moroccan phosphate to produce 750 000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025 It will be located in Ikot Abasi Akwa Ibom State The nation also witnessed the inauguration in Dec 2020 of the new NPDC Integrated Gas Handling Facility in Edo the largest onshore LPG plant in the country with a processing capacity of 100 million standard cubic feet of gas daily producing 330 tonnes of LPG 345 tonnes of propane and 2 600 barrels of condensate daily The government also established a 350m Nigerian Content Intervention Fund to finance manufacturing contracts and assets in the oil and gas industry The NNPC Limited s National Petroleum Investment Management Services NAPIMS became in 2022 the first Government organization in West and North Africa to receive the ISO 22301 2019 Certification for Business Continuity Management from RINA On the financing and investment in the oil and gas Afreximbank announced in Jan 2022 that it will assist NNPC Limited to raise 5 billion financing to support investments in Nigeria s upstream industry and facilitate expanded energy supply Afrexim also disclosed plans to underwrite 1 billion of the total planned debt Final Investment Decision in January 2021 on a 10 000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board NCDMB in partnership with the private sector The plant is now under construction in Odeama Brass Bayelsa State On Policy Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery in Imo State and broke ground on Phase 2 which will add 20 000bpd processing capacity The Nigerian National Petroleum Corporation NNPC on Dec 21 2021 handed over a symbolic cheque of N621 24 Billion for the rehabilitation of 21 critical roads totalling 1 800km across the country through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019 Note that this does not mean that NNPC has gone into the business of constructing roads instead it is financing the construction of roads through its tax liabilities It s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme NUCOP would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a 10 or less per barrel production cost NAN
    Steps to changing Nigeria by Buhari Administration at 7
     The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence Under the administration s Energizing Education Economies and Agriculture Programmes the government had so far taken clean and reliable energy Solar and Gas to Federal Universities Teaching Hospitals Markets and Rural Areas across the country The four Universities completed and commissioned already are Bayero University Kano BUK Kano FUNAI Ebonyi ATBU Bauchi and FUPRE Delta Sabon Gari Market in Kano Ariaria Market in Aba and Sura Shopping Complex in Lagos On National Mass Metering Programme the Central Bank of Nigeria is providing N200 billion for this and so far more than one million meters have been rolled out in the first phase This first phase generated more than 10 000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on grid consumers launched in August 2020 The Solar Power Naija SPN Launched in April 2021 to deliver 5 million off grid solar connections would be impacting more than 20 million Nigerians and financed through Central Bank of Nigeria loans as well as through partnerships with NDPHC NNPC and the NSIA The programme is expected to generate an additional N7 billion increase in tax revenues per annum and 10 million in annual import substitution Under Solar Power Naija and NDPHC s partnership ASolar is rolling out 100 000 Solar Home Systems across the country while the NSIA partnering under SPN has announced a N10 billion fund for developers targeting more than 250 000 solar connections In May 2021 the Rural Electrification Agency REA announced the planned deployment of solar powered grids to 200 Primary Health Centres PHC and 104 Unity Schools nationwide Nigeria Electrification Project NEP is a 550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank NEP is a combination of subsidies direct contracts and technical assistance to support Electrification across Nigeria NEP has so far deployed more than 20 000 Standalone Solar Systems SHS as well as Solar Hybrid Mini grids in more than 250 locations across the country The Rural Electrification Fund REF created by the Electricity Power Sector Reform Act of 2005 was operationalized by the Buhari Administration in 2016 Since 2016 the REF under REA has executed more than N4 billion in projects with more than N5 billions of Off Grid mainly Solar projects slated to be executed across Nigeria in 2022 On the special grid interventions the Federal Government has many key grid initiatives with more than N125 2 billion budgeted between 2015 to 2021 for TCN and Development Finance Funding through the likes of World Bank AFDB AFD JICA and others of up to 1 7 billion The Central Bank of Nigeria is also funding 250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery Additionally through the Presidential Power Initiative PPI aka Siemens Power Program an additional 2 0 billion or more will be invested in the Transmission Grid PPI is a Government to Government initiative involving the Governments of Nigeria and Germany and Siemens AG of Germany to upgrade and modernize Nigeria s electricity grid The Contract for the pre engineering phase of the Presidential Power Initiative PPI was signed in Feb 2021 following the 2020 approval for the payment of FGN s counterpart funding for that phase while the first set of equipment contract awards were made in Dec 2021 comprising 10 Mobitra Transformers and 10 Substations In all the PPI will encompass as many as 127 individual Transmission and Distribution projects Brownfield and Greenfield Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha Delta Power Station to Benin as well as the Kano to Katsina 330kV line respectively The 200 million Transmission Infrastructure Project financed by JICA entails the construction of about 200 km of high voltage transmission lines and a number of high voltage substations benefiting several communities in the two States Also through a special CBN intervention for Transmission Distribution interfaces contracts have been awarded for more than 30 Substation Rehabilitations and 1 570MVA transformer capacity upgrades with 34 critical transformers to be installed or replaced On a Policy level the Nigerian Electricity Regulatory Commission NERC has rolled out various policies ranging from a Tariff Capping Regulation for un metered customers to the Eligible Customer Regulations to the introduction of a Service based Tariff Regime and CBN oversight of Disco Bank accounts which has helped improve payment discipline by Discos The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing The ministry has completed or is completing housing projects in 34 States of Nigeria under the National Housing Programme with the support of the State Governments who provided the land So far more than 5 000 houses are at various stages of completion and thousands more are planned The Family Homes Fund Limited FHFL incorporated by the Federal Government of Nigeria in Sept 2016 is the implementing agency for the Buhari Administration s National Social Housing scheme The Fund has now completed more than 13 000 homes across nine States with another 20 000 commencing building works in 2022 In the process these housing developments have created more than 64 000 direct and indirect jobs The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission NIPC Pioneer Status to e Commerce and software development companies Stipulation of N145 per linear meter cap on Highway Right of Way RoW for fibre optic cabling to incentivize investment in rollout Launch of new national 5G policy in 2021 and successful licensing of two private companies to rollout 5G nationally Nigeria s 5G rollout will commence in August 2022 Establishment of new National Data Protection Bureau which is expected to develop primary legislation for data protection and privacy Launch of new National Digital Economy Policy and Strategy by President Buhari in 2019 Drafting of the Nigeria Startup Bill NSB and submission of the draft Bill to the National Assembly for consideration and passage into law Establishment in 2021 of a National Centre for Artificial Intelligence and Robotics NCAIR Ongoing implementation starting 2021 of the National Information and Communication Technology Infrastructure Backbone Phase 2 NICTIB 2 Project The goal of NICTIB is to rollout a nationwide fibre infrastructure network Ongoing construction of a Tier 4 Data Center in Kano to join existing infrastructure in Abuja Tier 3 Data Center and Enugu A Disaster Recovery Site The Kano Data Center is expected to be completed in 2022 The major achievements of the Buhari administration in the area of oil and gas include Buhari s assent to the Petroleum Industry Act on Aug 16 2021 This broke a two decades old jinx and is setting the stage for the unprecedented transformation of Nigeria s oil and gas sector Under the new Act the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022 The regulatory framework for the sector has also changed with the establishment of a the Nigerian Upstream Petroleum Regulatory Commission NUPRC and b the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA which merged the hitherto existing Petroleum Products Pricing Regulatory Agency PPPRA Petroleum Equalization Fund Management Board PEFMB and the Midstream and Downstream Divisions of the Department of Petroleum Resources DPR The historic Signing Ceremony in May 2021 of the Execution of Oil Mining Lease OML 118 Agreements between NNPC Limited and its Contractor Partners Shell Exxon Mobil TOTAL and NAOC These Agreements settled long standing disputes that stalled development and will unlock more than 10 billion of new deep water investment in Nigeria The Buhari administration has declared this decade the Decade of Gas The Federal Government has embarked on the construction of 614km Ajaokuta Kaduna Kano Gas Project the largest domestic gas project in the country Already the government has secured US 45 million financing from the Islamic Development Bank for the Front End Engineering Design FEED Study for the Nigeria Morocco Gas Pipeline NMGP project The Agreement for the Pipeline project was signed by the two countries during President Buhari s State Visit to Morocco in June 2018 When completed it will be the longest offshore pipeline in the world and the second longest pipeline in the world running across 13 countries 11 of them in West Africa It s believed that the successful completion of Nigeria s first Marginal Field Bid Round in almost 20 years is expected to raise in excess of half a billion dollars and open up a new vista of investment in oil and gas Launch of National LPG Expansion Programme including Removal of VAT from the domestic pricing of LPG Financial close and signing of contract for NLNG Train 7 which will grow Nigeria s LNG production capacity by 35 per cent Nigeria and Morocco in 2021 signed an agreement to develop a US 1 4 billion multipurpose industrial platform Ammonia and Di Ammonium Phosphate production plants that will utilize Nigerian gas and Moroccan phosphate to produce 750 000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025 It will be located in Ikot Abasi Akwa Ibom State The nation also witnessed the inauguration in Dec 2020 of the new NPDC Integrated Gas Handling Facility in Edo the largest onshore LPG plant in the country with a processing capacity of 100 million standard cubic feet of gas daily producing 330 tonnes of LPG 345 tonnes of propane and 2 600 barrels of condensate daily The government also established a 350m Nigerian Content Intervention Fund to finance manufacturing contracts and assets in the oil and gas industry The NNPC Limited s National Petroleum Investment Management Services NAPIMS became in 2022 the first Government organization in West and North Africa to receive the ISO 22301 2019 Certification for Business Continuity Management from RINA On the financing and investment in the oil and gas Afreximbank announced in Jan 2022 that it will assist NNPC Limited to raise 5 billion financing to support investments in Nigeria s upstream industry and facilitate expanded energy supply Afrexim also disclosed plans to underwrite 1 billion of the total planned debt Final Investment Decision in January 2021 on a 10 000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board NCDMB in partnership with the private sector The plant is now under construction in Odeama Brass Bayelsa State On Policy Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery in Imo State and broke ground on Phase 2 which will add 20 000bpd processing capacity The Nigerian National Petroleum Corporation NNPC on Dec 21 2021 handed over a symbolic cheque of N621 24 Billion for the rehabilitation of 21 critical roads totalling 1 800km across the country through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019 Note that this does not mean that NNPC has gone into the business of constructing roads instead it is financing the construction of roads through its tax liabilities It s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme NUCOP would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a 10 or less per barrel production cost NAN
    Steps to changing Nigeria by Buhari Administration at 7
    General news4 months ago

    Steps to changing Nigeria by Buhari Administration at 7

    The Presidency has again, reeled out 28-page of President Muhammadu Buhari’s strides in Oil and gas reforms, Digital economy, Mines and steel development, Agriculture, Education, Health, Creative Industry, Sports and infrastructural development; roads, bridges, rail, air and sea ports, housing, and many others.
    The News Agency of Nigeria reports that the president’s scorecard is coming ahead of the seven year anniversary of the Buhari-led administration on May 29, 2022.
    President Buhari had in May 29, 2015, took the oath of office as President, promising to serve Nigeria faithfully in all spheres of national life.
    The seven years milestone, according to the President’s spokesman, Mr Femi Adesina, presents a major landmark and opportunity to review the service of the president to the country, and its people.
    Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges, which are being robustly tackled by the government.
    A one-stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done, and a lot more will still be done in the 12 months ahead.
    Nigeria, under Buhari’s watch, has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria’s Independence.
    Under the administration’s Energizing Education, Economies and Agriculture Programmes, the government had so far taken clean and reliable energy (Solar and Gas) to Federal Universities, Teaching Hospitals, Markets and Rural Areas across the country.
    The four Universities completed and commissioned already are, Bayero University Kano ( BUK ), Kano, FUNAI (Ebonyi), ATBU (Bauchi) and FUPRE (Delta), Sabon-Gari Market in Kano, Ariaria Market in Aba, and Sura Shopping Complex in Lagos.
    On National Mass Metering Programme, the Central Bank of Nigeria is providing N200 billion for this, and so far, more than one million meters have been rolled out, in the first phase.
    This first phase generated more than 10,000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on-grid consumers, launched in August 2020.
    The Solar Power Naija (SPN), Launched in April 2021 to deliver 5 million off-grid solar connections, would be impacting more than 20 million Nigerians, and financed through Central Bank of Nigeria loans, as well as through partnerships with NDPHC, NNPC and the NSIA.
    The programme is expected to generate an additional N7 billion increase in tax revenues per annum and $10 million in annual import substitution.
    ”Under Solar Power Naija and NDPHC’s partnership, ASolar is rolling out 100,000 Solar Home Systems across the country, while the NSIA (partnering under SPN) has announced a N10 billion fund for developers, targeting more than 250,000 solar connections.”
    In May 2021, the Rural Electrification Agency (REA) announced the planned deployment of solar-powered grids to 200 Primary Health Centres (PHC) and 104 Unity Schools nationwide.
    Nigeria Electrification Project (NEP) is a $550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank. NEP is a combination of subsidies, direct contracts and technical assistance to support Electrification across Nigeria.
    NEP has so far deployed more than 20,000 Standalone Solar Systems (SHS), as well as Solar Hybrid Mini-grids in more than 250 locations across the country.
    The Rural Electrification Fund (REF), created by the Electricity Power Sector Reform Act of 2005, was operationalized by the Buhari Administration in 2016.
    Since 2016, the REF under REA has executed more than N4 billion in projects, with more than N5 billions of Off-Grid (mainly Solar) projects slated to be executed across Nigeria in 2022.
    On the special grid interventions, the Federal Government has many key grid initiatives with more than N125.2 billion budgeted between 2015 to 2021 for TCN, and Development Finance Funding through the likes of World Bank, AFDB, AFD, JICA and others of up to $1.7 billion.
    The Central Bank of Nigeria is also funding $250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery.
    Additionally, through the Presidential Power Initiative (PPI), aka Siemens Power Program, an additional $2.0 billion or more will be invested in the Transmission Grid.
    PPI is a Government-to-Government initiative involving the Governments of Nigeria and Germany, and Siemens AG of Germany, to upgrade and modernize Nigeria’s electricity grid.
    The Contract for the pre-engineering phase of the Presidential Power Initiative (PPI) was signed in Feb. 2021, following the 2020 approval for the payment of FGN’s counterpart funding for that phase, while the first set of equipment contract awards were made in Dec. 2021, comprising 10 Mobitra Transformers and 10 Substations.
    In all the PPI will encompass as many as 127 individual Transmission and Distribution projects (Brownfield and Greenfield).
    Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha, Delta Power Station to Benin as well as the Kano to Katsina 330kV line (respectively).
    The $200 million Transmission Infrastructure Project, financed by JICA entails the construction of about 200 km of high-voltage transmission lines and a number of high voltage substations, benefiting several communities in the two States.
    Also through a special CBN intervention for Transmission Distribution interfaces, contracts have been awarded for more than 30 Substation Rehabilitations and 1,570MVA transformer capacity upgrades, with 34 critical transformers to be installed or replaced.
    On a Policy level, the Nigerian Electricity Regulatory Commission (NERC) has rolled out various policies ranging from a Tariff-Capping Regulation for un-metered customers, to the Eligible Customer Regulations, to the introduction of a Service-based Tariff Regime and CBN oversight of Disco Bank accounts (which has helped improve payment discipline by Discos).
    The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing.
    The ministry has completed or is completing housing projects in 34 States of Nigeria, under the National Housing Programme, with the support of the State Governments, who provided the land.
    So far more than 5,000 houses are at various stages of completion, and thousands more are planned.
    The Family Homes Fund Limited (FHFL), incorporated by the Federal Government of Nigeria in Sept. 2016, is the implementing agency for the Buhari Administration’s National Social Housing scheme.
    The Fund has now completed more than 13,000 homes across nine States, with another 20,000 commencing building works in 2022. In the process these housing developments have created more than 64,000 direct and indirect jobs.
    The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission (NIPC) ‘Pioneer Status’ to e-Commerce and software development companies.
    ”Stipulation of N145 per linear meter cap on Highway Right of Way (RoW) for fibre optic cabling, to incentivize investment in rollout.
    ”Launch of new national 5G policy in 2021, and successful licensing of two private companies to rollout 5G nationally. Nigeria’s 5G rollout will commence in August 2022.
    ”Establishment of new National Data Protection Bureau, which is expected to develop “primary legislation for data protection and privacy.”
    ”Launch of new “National Digital Economy Policy and Strategy”, by President Buhari in 2019.
    ‘ ‘Drafting of the Nigeria Startup Bill (NSB), and submission of the draft Bill to the National Assembly for consideration and passage into law.
    – Establishment, in 2021, of a National Centre for Artificial Intelligence and Robotics (NCAIR).
    ”Ongoing implementation, starting 2021, of the National Information and Communication Technology Infrastructure Backbone Phase 2 (NICTIB-2) Project.
    ”The goal of NICTIB is to rollout a nationwide fibre infrastructure network.
    ”Ongoing construction of a Tier-4 Data Center in Kano, to join existing infrastructure in Abuja (Tier-3 Data Center) and Enugu (A Disaster Recovery Site). The Kano Data Center is expected to be completed in 2022.”
    The major achievements of the Buhari administration in the area of oil and gas include Buhari’s assent to the Petroleum Industry Act on Aug, 16, 2021.
    This, broke a two-decades-old jinx and is setting the stage for the unprecedented transformation of Nigeria’s oil and gas sector.
    Under the new Act, the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022.
    The regulatory framework for the sector has also changed, with the establishment of:
    (a) the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and
    (b) the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which merged the hitherto-existing Petroleum Products Pricing Regulatory Agency (PPPRA), Petroleum Equalization Fund (Management) Board(PEFMB), and the Midstream and Downstream Divisions of the Department of Petroleum Resources (DPR).
    The historic Signing Ceremony, in May 2021, of the Execution of Oil Mining Lease (OML) 118 Agreements between NNPC Limited and its Contractor Partners: Shell, Exxon Mobil, TOTAL and NAOC.
    These Agreements settled long-standing disputes that stalled development, and will unlock more than $10 billion of new deep-water investment in Nigeria.
    The Buhari administration has declared this decade the “Decade of Gas.”
    The Federal Government has embarked on the construction of 614km Ajaokuta-Kaduna-Kano Gas Project, the largest domestic gas project in the country.
    Already, the government has secured US$45 million financing from the Islamic Development Bank, for the Front-End Engineering Design (FEED) Study for the Nigeria–Morocco Gas Pipeline (NMGP) project.
    The Agreement for the Pipeline project was signed by the two countries during President Buhari’s State Visit to Morocco in June 2018.
    When completed it will be the longest offshore pipeline in the world, and the second longest pipeline in the world, running across 13 countries, 11 of them in West Africa.
    It’s believed that the successful completion of Nigeria’s first Marginal Field Bid Round in almost 20 years, is expected to raise in excess of half a billion dollars, and open up a new vista of investment in oil and gas.
    ”Launch of National LPG Expansion Programme (including Removal of VAT from the domestic pricing of LPG)
    ”Financial close and signing of contract for NLNG Train 7, which will grow Nigeria’s LNG production capacity by 35 per cent.
    ”Nigeria and Morocco in 2021 signed an agreement to develop a US$1.4 billion multipurpose industrial platform (Ammonia and Di-Ammonium Phosphate production plants) that will utilize Nigerian gas and Moroccan phosphate to produce 750,000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025.
    ”It will be located in Ikot-Abasi, Akwa-Ibom State.”
    The nation also witnessed the inauguration, in Dec. 2020, of the new NPDC Integrated Gas Handling Facility in Edo, the largest onshore LPG plant in the country, with a processing capacity of 100 million standard cubic feet of gas daily, producing 330 tonnes of LPG, 345 tonnes of propane and 2,600 barrels of condensate, daily.
    The government also established a $350m Nigerian Content Intervention Fund, to finance manufacturing, contracts and assets in the oil and gas industry.
    ”The NNPC Limited’s National Petroleum Investment Management Services (NAPIMS) became, in 2022, the first Government organization in West and North Africa to receive the ISO 22301:2019 Certification for Business Continuity Management from RINA.”
    On the financing and investment in the oil and gas, Afreximbank announced in Jan. 2022 that it will assist NNPC Limited to raise $5 billion financing to support investments in Nigeria’s upstream industry, and facilitate expanded energy supply.
    Afrexim also disclosed plans to underwrite $1 billion of the total planned debt.
    ”Final Investment Decision in January 2021 on a 10,000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant, being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with the private sector.
    ”The plant is now under construction in Odeama, Brass, Bayelsa State.
    On Policy, Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta, the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta.
    In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery, in Imo State, and broke ground on Phase 2, which will add 20,000bpd processing capacity.
    The Nigerian National Petroleum Corporation (NNPC), on Dec. 21, 2021, handed over a symbolic cheque of N621.24 Billion for the rehabilitation of 21 critical roads (totalling 1,800km) across the country, through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019.
    ”Note that this does not mean that NNPC has gone into the business of constructing roads; instead it is financing the construction of roads, through its tax liabilities.”
    It’s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme (NUCOP), would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a $10 or less per barrel production cost.

    (NAN)

  •  The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence Under the administration s Energizing Education Economies and Agriculture Programmes the government had so far taken clean and reliable energy Solar and Gas to Federal Universities Teaching Hospitals Markets and Rural Areas across the country The four Universities completed and commissioned already are Bayero University Kano BUK Kano FUNAI Ebonyi ATBU Bauchi and FUPRE Delta Sabon Gari Market in Kano Ariaria Market in Aba and Sura Shopping Complex in Lagos On National Mass Metering Programme the Central Bank of Nigeria is providing N200 billion for this and so far more than one million meters have been rolled out in the first phase This first phase generated more than 10 000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on grid consumers launched in August 2020 The Solar Power Naija SPN Launched in April 2021 to deliver 5 million off grid solar connections would be impacting more than 20 million Nigerians and financed through Central Bank of Nigeria loans as well as through partnerships with NDPHC NNPC and the NSIA The programme is expected to generate an additional N7 billion increase in tax revenues per annum and 10 million in annual import substitution Under Solar Power Naija and NDPHC s partnership ASolar is rolling out 100 000 Solar Home Systems across the country while the NSIA partnering under SPN has announced a N10 billion fund for developers targeting more than 250 000 solar connections In May 2021 the Rural Electrification Agency REA announced the planned deployment of solar powered grids to 200 Primary Health Centres PHC and 104 Unity Schools nationwide Nigeria Electrification Project NEP is a 550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank NEP is a combination of subsidies direct contracts and technical assistance to support Electrification across Nigeria NEP has so far deployed more than 20 000 Standalone Solar Systems SHS as well as Solar Hybrid Mini grids in more than 250 locations across the country The Rural Electrification Fund REF created by the Electricity Power Sector Reform Act of 2005 was operationalized by the Buhari Administration in 2016 Since 2016 the REF under REA has executed more than N4 billion in projects with more than N5 billions of Off Grid mainly Solar projects slated to be executed across Nigeria in 2022 On the special grid interventions the Federal Government has many key grid initiatives with more than N125 2 billion budgeted between 2015 to 2021 for TCN and Development Finance Funding through the likes of World Bank AFDB AFD JICA and others of up to 1 7 billion The Central Bank of Nigeria is also funding 250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery Additionally through the Presidential Power Initiative PPI aka Siemens Power Program an additional 2 0 billion or more will be invested in the Transmission Grid PPI is a Government to Government initiative involving the Governments of Nigeria and Germany and Siemens AG of Germany to upgrade and modernize Nigeria s electricity grid The Contract for the pre engineering phase of the Presidential Power Initiative PPI was signed in Feb 2021 following the 2020 approval for the payment of FGN s counterpart funding for that phase while the first set of equipment contract awards were made in Dec 2021 comprising 10 Mobitra Transformers and 10 Substations In all the PPI will encompass as many as 127 individual Transmission and Distribution projects Brownfield and Greenfield Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha Delta Power Station to Benin as well as the Kano to Katsina 330kV line respectively The 200 million Transmission Infrastructure Project financed by JICA entails the construction of about 200 km of high voltage transmission lines and a number of high voltage substations benefiting several communities in the two States Also through a special CBN intervention for Transmission Distribution interfaces contracts have been awarded for more than 30 Substation Rehabilitations and 1 570MVA transformer capacity upgrades with 34 critical transformers to be installed or replaced On a Policy level the Nigerian Electricity Regulatory Commission NERC has rolled out various policies ranging from a Tariff Capping Regulation for un metered customers to the Eligible Customer Regulations to the introduction of a Service based Tariff Regime and CBN oversight of Disco Bank accounts which has helped improve payment discipline by Discos The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing The ministry has completed or is completing housing projects in 34 States of Nigeria under the National Housing Programme with the support of the State Governments who provided the land So far more than 5 000 houses are at various stages of completion and thousands more are planned The Family Homes Fund Limited FHFL incorporated by the Federal Government of Nigeria in Sept 2016 is the implementing agency for the Buhari Administration s National Social Housing scheme The Fund has now completed more than 13 000 homes across nine States with another 20 000 commencing building works in 2022 In the process these housing developments have created more than 64 000 direct and indirect jobs The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission NIPC Pioneer Status to e Commerce and software development companies Stipulation of N145 per linear meter cap on Highway Right of Way RoW for fibre optic cabling to incentivize investment in rollout Launch of new national 5G policy in 2021 and successful licensing of two private companies to rollout 5G nationally Nigeria s 5G rollout will commence in August 2022 Establishment of new National Data Protection Bureau which is expected to develop primary legislation for data protection and privacy Launch of new National Digital Economy Policy and Strategy by President Buhari in 2019 Drafting of the Nigeria Startup Bill NSB and submission of the draft Bill to the National Assembly for consideration and passage into law Establishment in 2021 of a National Centre for Artificial Intelligence and Robotics NCAIR Ongoing implementation starting 2021 of the National Information and Communication Technology Infrastructure Backbone Phase 2 NICTIB 2 Project The goal of NICTIB is to rollout a nationwide fibre infrastructure network Ongoing construction of a Tier 4 Data Center in Kano to join existing infrastructure in Abuja Tier 3 Data Center and Enugu A Disaster Recovery Site The Kano Data Center is expected to be completed in 2022 The major achievements of the Buhari administration in the area of oil and gas include Buhari s assent to the Petroleum Industry Act on Aug 16 2021 This broke a two decades old jinx and is setting the stage for the unprecedented transformation of Nigeria s oil and gas sector Under the new Act the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022 The regulatory framework for the sector has also changed with the establishment of a the Nigerian Upstream Petroleum Regulatory Commission NUPRC and b the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA which merged the hitherto existing Petroleum Products Pricing Regulatory Agency PPPRA Petroleum Equalization Fund Management Board PEFMB and the Midstream and Downstream Divisions of the Department of Petroleum Resources DPR The historic Signing Ceremony in May 2021 of the Execution of Oil Mining Lease OML 118 Agreements between NNPC Limited and its Contractor Partners Shell Exxon Mobil TOTAL and NAOC These Agreements settled long standing disputes that stalled development and will unlock more than 10 billion of new deep water investment in Nigeria The Buhari administration has declared this decade the Decade of Gas The Federal Government has embarked on the construction of 614km Ajaokuta Kaduna Kano Gas Project the largest domestic gas project in the country Already the government has secured US 45 million financing from the Islamic Development Bank for the Front End Engineering Design FEED Study for the Nigeria Morocco Gas Pipeline NMGP project The Agreement for the Pipeline project was signed by the two countries during President Buhari s State Visit to Morocco in June 2018 When completed it will be the longest offshore pipeline in the world and the second longest pipeline in the world running across 13 countries 11 of them in West Africa It s believed that the successful completion of Nigeria s first Marginal Field Bid Round in almost 20 years is expected to raise in excess of half a billion dollars and open up a new vista of investment in oil and gas Launch of National LPG Expansion Programme including Removal of VAT from the domestic pricing of LPG Financial close and signing of contract for NLNG Train 7 which will grow Nigeria s LNG production capacity by 35 per cent Nigeria and Morocco in 2021 signed an agreement to develop a US 1 4 billion multipurpose industrial platform Ammonia and Di Ammonium Phosphate production plants that will utilize Nigerian gas and Moroccan phosphate to produce 750 000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025 It will be located in Ikot Abasi Akwa Ibom State The nation also witnessed the inauguration in Dec 2020 of the new NPDC Integrated Gas Handling Facility in Edo the largest onshore LPG plant in the country with a processing capacity of 100 million standard cubic feet of gas daily producing 330 tonnes of LPG 345 tonnes of propane and 2 600 barrels of condensate daily The government also established a 350m Nigerian Content Intervention Fund to finance manufacturing contracts and assets in the oil and gas industry The NNPC Limited s National Petroleum Investment Management Services NAPIMS became in 2022 the first Government organization in West and North Africa to receive the ISO 22301 2019 Certification for Business Continuity Management from RINA On the financing and investment in the oil and gas Afreximbank announced in Jan 2022 that it will assist NNPC Limited to raise 5 billion financing to support investments in Nigeria s upstream industry and facilitate expanded energy supply Afrexim also disclosed plans to underwrite 1 billion of the total planned debt Final Investment Decision in January 2021 on a 10 000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board NCDMB in partnership with the private sector The plant is now under construction in Odeama Brass Bayelsa State On Policy Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery in Imo State and broke ground on Phase 2 which will add 20 000bpd processing capacity The Nigerian National Petroleum Corporation NNPC on Dec 21 2021 handed over a symbolic cheque of N621 24 Billion for the rehabilitation of 21 critical roads totalling 1 800km across the country through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019 Note that this does not mean that NNPC has gone into the business of constructing roads instead it is financing the construction of roads through its tax liabilities It s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme NUCOP would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a 10 or less per barrel production cost NAN
    2: One-stop shop of achievements of Buhari Administration at 7
     The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence Under the administration s Energizing Education Economies and Agriculture Programmes the government had so far taken clean and reliable energy Solar and Gas to Federal Universities Teaching Hospitals Markets and Rural Areas across the country The four Universities completed and commissioned already are Bayero University Kano BUK Kano FUNAI Ebonyi ATBU Bauchi and FUPRE Delta Sabon Gari Market in Kano Ariaria Market in Aba and Sura Shopping Complex in Lagos On National Mass Metering Programme the Central Bank of Nigeria is providing N200 billion for this and so far more than one million meters have been rolled out in the first phase This first phase generated more than 10 000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on grid consumers launched in August 2020 The Solar Power Naija SPN Launched in April 2021 to deliver 5 million off grid solar connections would be impacting more than 20 million Nigerians and financed through Central Bank of Nigeria loans as well as through partnerships with NDPHC NNPC and the NSIA The programme is expected to generate an additional N7 billion increase in tax revenues per annum and 10 million in annual import substitution Under Solar Power Naija and NDPHC s partnership ASolar is rolling out 100 000 Solar Home Systems across the country while the NSIA partnering under SPN has announced a N10 billion fund for developers targeting more than 250 000 solar connections In May 2021 the Rural Electrification Agency REA announced the planned deployment of solar powered grids to 200 Primary Health Centres PHC and 104 Unity Schools nationwide Nigeria Electrification Project NEP is a 550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank NEP is a combination of subsidies direct contracts and technical assistance to support Electrification across Nigeria NEP has so far deployed more than 20 000 Standalone Solar Systems SHS as well as Solar Hybrid Mini grids in more than 250 locations across the country The Rural Electrification Fund REF created by the Electricity Power Sector Reform Act of 2005 was operationalized by the Buhari Administration in 2016 Since 2016 the REF under REA has executed more than N4 billion in projects with more than N5 billions of Off Grid mainly Solar projects slated to be executed across Nigeria in 2022 On the special grid interventions the Federal Government has many key grid initiatives with more than N125 2 billion budgeted between 2015 to 2021 for TCN and Development Finance Funding through the likes of World Bank AFDB AFD JICA and others of up to 1 7 billion The Central Bank of Nigeria is also funding 250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery Additionally through the Presidential Power Initiative PPI aka Siemens Power Program an additional 2 0 billion or more will be invested in the Transmission Grid PPI is a Government to Government initiative involving the Governments of Nigeria and Germany and Siemens AG of Germany to upgrade and modernize Nigeria s electricity grid The Contract for the pre engineering phase of the Presidential Power Initiative PPI was signed in Feb 2021 following the 2020 approval for the payment of FGN s counterpart funding for that phase while the first set of equipment contract awards were made in Dec 2021 comprising 10 Mobitra Transformers and 10 Substations In all the PPI will encompass as many as 127 individual Transmission and Distribution projects Brownfield and Greenfield Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha Delta Power Station to Benin as well as the Kano to Katsina 330kV line respectively The 200 million Transmission Infrastructure Project financed by JICA entails the construction of about 200 km of high voltage transmission lines and a number of high voltage substations benefiting several communities in the two States Also through a special CBN intervention for Transmission Distribution interfaces contracts have been awarded for more than 30 Substation Rehabilitations and 1 570MVA transformer capacity upgrades with 34 critical transformers to be installed or replaced On a Policy level the Nigerian Electricity Regulatory Commission NERC has rolled out various policies ranging from a Tariff Capping Regulation for un metered customers to the Eligible Customer Regulations to the introduction of a Service based Tariff Regime and CBN oversight of Disco Bank accounts which has helped improve payment discipline by Discos The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing The ministry has completed or is completing housing projects in 34 States of Nigeria under the National Housing Programme with the support of the State Governments who provided the land So far more than 5 000 houses are at various stages of completion and thousands more are planned The Family Homes Fund Limited FHFL incorporated by the Federal Government of Nigeria in Sept 2016 is the implementing agency for the Buhari Administration s National Social Housing scheme The Fund has now completed more than 13 000 homes across nine States with another 20 000 commencing building works in 2022 In the process these housing developments have created more than 64 000 direct and indirect jobs The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission NIPC Pioneer Status to e Commerce and software development companies Stipulation of N145 per linear meter cap on Highway Right of Way RoW for fibre optic cabling to incentivize investment in rollout Launch of new national 5G policy in 2021 and successful licensing of two private companies to rollout 5G nationally Nigeria s 5G rollout will commence in August 2022 Establishment of new National Data Protection Bureau which is expected to develop primary legislation for data protection and privacy Launch of new National Digital Economy Policy and Strategy by President Buhari in 2019 Drafting of the Nigeria Startup Bill NSB and submission of the draft Bill to the National Assembly for consideration and passage into law Establishment in 2021 of a National Centre for Artificial Intelligence and Robotics NCAIR Ongoing implementation starting 2021 of the National Information and Communication Technology Infrastructure Backbone Phase 2 NICTIB 2 Project The goal of NICTIB is to rollout a nationwide fibre infrastructure network Ongoing construction of a Tier 4 Data Center in Kano to join existing infrastructure in Abuja Tier 3 Data Center and Enugu A Disaster Recovery Site The Kano Data Center is expected to be completed in 2022 The major achievements of the Buhari administration in the area of oil and gas include Buhari s assent to the Petroleum Industry Act on Aug 16 2021 This broke a two decades old jinx and is setting the stage for the unprecedented transformation of Nigeria s oil and gas sector Under the new Act the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022 The regulatory framework for the sector has also changed with the establishment of a the Nigerian Upstream Petroleum Regulatory Commission NUPRC and b the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA which merged the hitherto existing Petroleum Products Pricing Regulatory Agency PPPRA Petroleum Equalization Fund Management Board PEFMB and the Midstream and Downstream Divisions of the Department of Petroleum Resources DPR The historic Signing Ceremony in May 2021 of the Execution of Oil Mining Lease OML 118 Agreements between NNPC Limited and its Contractor Partners Shell Exxon Mobil TOTAL and NAOC These Agreements settled long standing disputes that stalled development and will unlock more than 10 billion of new deep water investment in Nigeria The Buhari administration has declared this decade the Decade of Gas The Federal Government has embarked on the construction of 614km Ajaokuta Kaduna Kano Gas Project the largest domestic gas project in the country Already the government has secured US 45 million financing from the Islamic Development Bank for the Front End Engineering Design FEED Study for the Nigeria Morocco Gas Pipeline NMGP project The Agreement for the Pipeline project was signed by the two countries during President Buhari s State Visit to Morocco in June 2018 When completed it will be the longest offshore pipeline in the world and the second longest pipeline in the world running across 13 countries 11 of them in West Africa It s believed that the successful completion of Nigeria s first Marginal Field Bid Round in almost 20 years is expected to raise in excess of half a billion dollars and open up a new vista of investment in oil and gas Launch of National LPG Expansion Programme including Removal of VAT from the domestic pricing of LPG Financial close and signing of contract for NLNG Train 7 which will grow Nigeria s LNG production capacity by 35 per cent Nigeria and Morocco in 2021 signed an agreement to develop a US 1 4 billion multipurpose industrial platform Ammonia and Di Ammonium Phosphate production plants that will utilize Nigerian gas and Moroccan phosphate to produce 750 000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025 It will be located in Ikot Abasi Akwa Ibom State The nation also witnessed the inauguration in Dec 2020 of the new NPDC Integrated Gas Handling Facility in Edo the largest onshore LPG plant in the country with a processing capacity of 100 million standard cubic feet of gas daily producing 330 tonnes of LPG 345 tonnes of propane and 2 600 barrels of condensate daily The government also established a 350m Nigerian Content Intervention Fund to finance manufacturing contracts and assets in the oil and gas industry The NNPC Limited s National Petroleum Investment Management Services NAPIMS became in 2022 the first Government organization in West and North Africa to receive the ISO 22301 2019 Certification for Business Continuity Management from RINA On the financing and investment in the oil and gas Afreximbank announced in Jan 2022 that it will assist NNPC Limited to raise 5 billion financing to support investments in Nigeria s upstream industry and facilitate expanded energy supply Afrexim also disclosed plans to underwrite 1 billion of the total planned debt Final Investment Decision in January 2021 on a 10 000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board NCDMB in partnership with the private sector The plant is now under construction in Odeama Brass Bayelsa State On Policy Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery in Imo State and broke ground on Phase 2 which will add 20 000bpd processing capacity The Nigerian National Petroleum Corporation NNPC on Dec 21 2021 handed over a symbolic cheque of N621 24 Billion for the rehabilitation of 21 critical roads totalling 1 800km across the country through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019 Note that this does not mean that NNPC has gone into the business of constructing roads instead it is financing the construction of roads through its tax liabilities It s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme NUCOP would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a 10 or less per barrel production cost NAN
    2: One-stop shop of achievements of Buhari Administration at 7
    General news4 months ago

    2: One-stop shop of achievements of Buhari Administration at 7

    The Presidency has again, reeled out 28-page of President Muhammadu Buhari’s strides in Oil and gas reforms, Digital economy, Mines and steel development, Agriculture, Education, Health, Creative Industry, Sports and infrastructural development; roads, bridges, rail, air and sea ports, housing, and many others.
    The News Agency of Nigeria reports that the president’s scorecard is coming ahead of the seven year anniversary of the Buhari-led administration on May 29, 2022.
    President Buhari had in May 29, 2015, took the oath of office as President, promising to serve Nigeria faithfully in all spheres of national life.
    The seven years milestone, according to the President’s spokesman, Mr Femi Adesina, presents a major landmark and opportunity to review the service of the president to the country, and its people.
    Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges, which are being robustly tackled by the government.
    A one-stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done, and a lot more will still be done in the 12 months ahead.
    Nigeria, under Buhari’s watch, has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria’s Independence.
    Under the administration’s Energizing Education, Economies and Agriculture Programmes, the government had so far taken clean and reliable energy (Solar and Gas) to Federal Universities, Teaching Hospitals, Markets and Rural Areas across the country.
    The four Universities completed and commissioned already are, Bayero University Kano ( BUK ), Kano, FUNAI (Ebonyi), ATBU (Bauchi) and FUPRE (Delta), Sabon-Gari Market in Kano, Ariaria Market in Aba, and Sura Shopping Complex in Lagos.
    On National Mass Metering Programme, the Central Bank of Nigeria is providing N200 billion for this, and so far, more than one million meters have been rolled out, in the first phase.
    This first phase generated more than 10,000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on-grid consumers, launched in August 2020.
    The Solar Power Naija (SPN), Launched in April 2021 to deliver 5 million off-grid solar connections, would be impacting more than 20 million Nigerians, and financed through Central Bank of Nigeria loans, as well as through partnerships with NDPHC, NNPC and the NSIA.
    The programme is expected to generate an additional N7 billion increase in tax revenues per annum and $10 million in annual import substitution.
    ”Under Solar Power Naija and NDPHC’s partnership, ASolar is rolling out 100,000 Solar Home Systems across the country, while the NSIA (partnering under SPN) has announced a N10 billion fund for developers, targeting more than 250,000 solar connections.”
    In May 2021, the Rural Electrification Agency (REA) announced the planned deployment of solar-powered grids to 200 Primary Health Centres (PHC) and 104 Unity Schools nationwide.
    Nigeria Electrification Project (NEP) is a $550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank. NEP is a combination of subsidies, direct contracts and technical assistance to support Electrification across Nigeria.
    NEP has so far deployed more than 20,000 Standalone Solar Systems (SHS), as well as Solar Hybrid Mini-grids in more than 250 locations across the country.
    The Rural Electrification Fund (REF), created by the Electricity Power Sector Reform Act of 2005, was operationalized by the Buhari Administration in 2016.
    Since 2016, the REF under REA has executed more than N4 billion in projects, with more than N5 billions of Off-Grid (mainly Solar) projects slated to be executed across Nigeria in 2022.
    On the special grid interventions, the Federal Government has many key grid initiatives with more than N125.2 billion budgeted between 2015 to 2021 for TCN, and Development Finance Funding through the likes of World Bank, AFDB, AFD, JICA and others of up to $1.7 billion.
    The Central Bank of Nigeria is also funding $250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery.
    Additionally, through the Presidential Power Initiative (PPI), aka Siemens Power Program, an additional $2.0 billion or more will be invested in the Transmission Grid.
    PPI is a Government-to-Government initiative involving the Governments of Nigeria and Germany, and Siemens AG of Germany, to upgrade and modernize Nigeria’s electricity grid.
    The Contract for the pre-engineering phase of the Presidential Power Initiative (PPI) was signed in Feb. 2021, following the 2020 approval for the payment of FGN’s counterpart funding for that phase, while the first set of equipment contract awards were made in Dec. 2021, comprising 10 Mobitra Transformers and 10 Substations.
    In all the PPI will encompass as many as 127 individual Transmission and Distribution projects (Brownfield and Greenfield).
    Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha, Delta Power Station to Benin as well as the Kano to Katsina 330kV line (respectively).
    The $200 million Transmission Infrastructure Project, financed by JICA entails the construction of about 200 km of high-voltage transmission lines and a number of high voltage substations, benefiting several communities in the two States.
    Also through a special CBN intervention for Transmission Distribution interfaces, contracts have been awarded for more than 30 Substation Rehabilitations and 1,570MVA transformer capacity upgrades, with 34 critical transformers to be installed or replaced.
    On a Policy level, the Nigerian Electricity Regulatory Commission (NERC) has rolled out various policies ranging from a Tariff-Capping Regulation for un-metered customers, to the Eligible Customer Regulations, to the introduction of a Service-based Tariff Regime and CBN oversight of Disco Bank accounts (which has helped improve payment discipline by Discos).
    The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing.
    The ministry has completed or is completing housing projects in 34 States of Nigeria, under the National Housing Programme, with the support of the State Governments, who provided the land.
    So far more than 5,000 houses are at various stages of completion, and thousands more are planned.
    The Family Homes Fund Limited (FHFL), incorporated by the Federal Government of Nigeria in Sept. 2016, is the implementing agency for the Buhari Administration’s National Social Housing scheme.
    The Fund has now completed more than 13,000 homes across nine States, with another 20,000 commencing building works in 2022. In the process these housing developments have created more than 64,000 direct and indirect jobs.
    The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission (NIPC) ‘Pioneer Status’ to e-Commerce and software development companies.
    ”Stipulation of N145 per linear meter cap on Highway Right of Way (RoW) for fibre optic cabling, to incentivize investment in rollout.
    ”Launch of new national 5G policy in 2021, and successful licensing of two private companies to rollout 5G nationally. Nigeria’s 5G rollout will commence in August 2022.
    ”Establishment of new National Data Protection Bureau, which is expected to develop “primary legislation for data protection and privacy.”
    ”Launch of new “National Digital Economy Policy and Strategy”, by President Buhari in 2019.
    ‘ ‘Drafting of the Nigeria Startup Bill (NSB), and submission of the draft Bill to the National Assembly for consideration and passage into law.
    – Establishment, in 2021, of a National Centre for Artificial Intelligence and Robotics (NCAIR).
    ”Ongoing implementation, starting 2021, of the National Information and Communication Technology Infrastructure Backbone Phase 2 (NICTIB-2) Project.
    ”The goal of NICTIB is to rollout a nationwide fibre infrastructure network.
    ”Ongoing construction of a Tier-4 Data Center in Kano, to join existing infrastructure in Abuja (Tier-3 Data Center) and Enugu (A Disaster Recovery Site). The Kano Data Center is expected to be completed in 2022.”
    The major achievements of the Buhari administration in the area of oil and gas include Buhari’s assent to the Petroleum Industry Act on Aug, 16, 2021.
    This, broke a two-decades-old jinx and is setting the stage for the unprecedented transformation of Nigeria’s oil and gas sector.
    Under the new Act, the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022.
    The regulatory framework for the sector has also changed, with the establishment of:
    (a) the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and
    (b) the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which merged the hitherto-existing Petroleum Products Pricing Regulatory Agency (PPPRA), Petroleum Equalization Fund (Management) Board(PEFMB), and the Midstream and Downstream Divisions of the Department of Petroleum Resources (DPR).
    The historic Signing Ceremony, in May 2021, of the Execution of Oil Mining Lease (OML) 118 Agreements between NNPC Limited and its Contractor Partners: Shell, Exxon Mobil, TOTAL and NAOC.
    These Agreements settled long-standing disputes that stalled development, and will unlock more than $10 billion of new deep-water investment in Nigeria.
    The Buhari administration has declared this decade the “Decade of Gas.”
    The Federal Government has embarked on the construction of 614km Ajaokuta-Kaduna-Kano Gas Project, the largest domestic gas project in the country.
    Already, the government has secured US$45 million financing from the Islamic Development Bank, for the Front-End Engineering Design (FEED) Study for the Nigeria–Morocco Gas Pipeline (NMGP) project.
    The Agreement for the Pipeline project was signed by the two countries during President Buhari’s State Visit to Morocco in June 2018.
    When completed it will be the longest offshore pipeline in the world, and the second longest pipeline in the world, running across 13 countries, 11 of them in West Africa.
    It’s believed that the successful completion of Nigeria’s first Marginal Field Bid Round in almost 20 years, is expected to raise in excess of half a billion dollars, and open up a new vista of investment in oil and gas.
    ”Launch of National LPG Expansion Programme (including Removal of VAT from the domestic pricing of LPG)
    ”Financial close and signing of contract for NLNG Train 7, which will grow Nigeria’s LNG production capacity by 35 per cent.
    ”Nigeria and Morocco in 2021 signed an agreement to develop a US$1.4 billion multipurpose industrial platform (Ammonia and Di-Ammonium Phosphate production plants) that will utilize Nigerian gas and Moroccan phosphate to produce 750,000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025.
    ”It will be located in Ikot-Abasi, Akwa-Ibom State.”
    The nation also witnessed the inauguration, in Dec. 2020, of the new NPDC Integrated Gas Handling Facility in Edo, the largest onshore LPG plant in the country, with a processing capacity of 100 million standard cubic feet of gas daily, producing 330 tonnes of LPG, 345 tonnes of propane and 2,600 barrels of condensate, daily.
    The government also established a $350m Nigerian Content Intervention Fund, to finance manufacturing, contracts and assets in the oil and gas industry.
    ”The NNPC Limited’s National Petroleum Investment Management Services (NAPIMS) became, in 2022, the first Government organization in West and North Africa to receive the ISO 22301:2019 Certification for Business Continuity Management from RINA.”
    On the financing and investment in the oil and gas, Afreximbank announced in Jan. 2022 that it will assist NNPC Limited to raise $5 billion financing to support investments in Nigeria’s upstream industry, and facilitate expanded energy supply.
    Afrexim also disclosed plans to underwrite $1 billion of the total planned debt.
    ”Final Investment Decision in January 2021 on a 10,000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant, being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with the private sector.
    ”The plant is now under construction in Odeama, Brass, Bayelsa State.
    On Policy, Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta, the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta.
    In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery, in Imo State, and broke ground on Phase 2, which will add 20,000bpd processing capacity.
    The Nigerian National Petroleum Corporation (NNPC), on Dec. 21, 2021, handed over a symbolic cheque of N621.24 Billion for the rehabilitation of 21 critical roads (totalling 1,800km) across the country, through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019.
    ”Note that this does not mean that NNPC has gone into the business of constructing roads; instead it is financing the construction of roads, through its tax liabilities.”
    It’s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme (NUCOP), would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a $10 or less per barrel production cost.

    (NAN)

  •  The All Progressives Congress APC has fixed May 23 for the screening of its presidential aspirants for the 2023 general elections Alhaji Suleiman Arugugun National Organising Secretary APC this on Saturday in Abuja when he fielded reporters questions shortly after the inauguration of chairmen and secretaries of the party s screening committees for House of Representatives Senate and governorship aspirants The News Agency of Nigeria reports that APC special convention for the presidential primaries would hold from May 30 to June 1 The screening for the presidential aspirants we have so far 28 presidential aspirants and as you are all aware some aspirants have started withdrawing their aspirations And by God s grace on May 23 those that are left for the screening proper will be screened Arugugun said NAN reports that the committees chairmen and secretaries were inaugurated by Sen Abubakar Kyari APC Deputy National Chairnan North on behalf of the National Chairman Sen Abdullahi Adamu Speaking at the ceremony Kyari said that a total of 145 governorship aspirants would be screened by three panels while 351 senate aspirants would be screened by four panels for the party s 2023 ticket He said that a total of 1 197 House of Representatives aspirants would also be screened by 10 panels We have a very strong party we have a big party and we are committed to deliver the right candidates for the forthcoming 2023 general elections We have no doubt that the distinguished ladies and gentleman assembled here will do just that I wouldn t want to go into details because we all know ourselves and we have tried to engage you in a manner that you will also bring your experience to the fore he said While acknowledging that there was a long huddle ahead of the committees Kyari appealed to the members to be patient and to ensure proper screening of aspirants to ensure that the best candidates emerged at the end He added that the party had been very fortunate because it had produced the best aspirants ahead of 2023 general elections And also almost two thirds of the House of Representatives he said He welcomed members of the committees saying that they had freehand to do what was required of them and would always be supported by the party s National Working Committee NWC when necessary NAN further reports that the APC had fixed its governorship primaries for May 20 House of Assembly May 22 House of Representatives May 24 and Senate May 25 The list of presidential aspirants that submitted their nomination forms includes Vice President Yemi Osinbajo and Asiwaju Bola Tinubu a former two term Lagos State Governor and APC national leader Others were former Minister of Transportation Rotimi Amaechi former Minister of Niger Delta Development Sen Godswill Akpabio and former Minister of Science Technology and Innovation Dr Ogbonnaya Onu Former Gov Rochas Okorocha of Imo and former Gov Ibikunle Amosu of Osun Pastor Tunde Bakare Gov Ben Ayade of Cross River and Gov Dave Umahi of Ebonyi also submitted their forms Chairman Nigeria Governor Forum NGF and Gov Kayode Fayemi of Ekiti Minister of State Education Emeka Nwajiuba former President of the Senate Sen Ken Nnamani and Gov Yahaya Bello of Kogi also submitted their forms Gov Mohammed Abubakar of Jigawa and former Zamfara Governor Sen Ahmed Yerima also submitted their forms Also on the list of presidential aspirants that returned their forms are the only female aspirant Mrs Uju Kennedy Ohnenye Pastor Nicholas Nwagbo former Speaker of House Representative Dimeji Bankole and President of the Senate Dr Ahmed Lawal African Development Bank AFDB Managing Director Akinwumi Adesina former Minister of State Petroleum Chief Timipre Sylva former Minister of Information Chief Ikeobasi Mokelu and Mr Tein Jack Rich also submitted their forms among others The party had meanwhile began the screening of the House of Representatives and governorship aspirants at designated hotels in Abuja NAN
    APC fixes May 23 for screening of presidential aspirants
     The All Progressives Congress APC has fixed May 23 for the screening of its presidential aspirants for the 2023 general elections Alhaji Suleiman Arugugun National Organising Secretary APC this on Saturday in Abuja when he fielded reporters questions shortly after the inauguration of chairmen and secretaries of the party s screening committees for House of Representatives Senate and governorship aspirants The News Agency of Nigeria reports that APC special convention for the presidential primaries would hold from May 30 to June 1 The screening for the presidential aspirants we have so far 28 presidential aspirants and as you are all aware some aspirants have started withdrawing their aspirations And by God s grace on May 23 those that are left for the screening proper will be screened Arugugun said NAN reports that the committees chairmen and secretaries were inaugurated by Sen Abubakar Kyari APC Deputy National Chairnan North on behalf of the National Chairman Sen Abdullahi Adamu Speaking at the ceremony Kyari said that a total of 145 governorship aspirants would be screened by three panels while 351 senate aspirants would be screened by four panels for the party s 2023 ticket He said that a total of 1 197 House of Representatives aspirants would also be screened by 10 panels We have a very strong party we have a big party and we are committed to deliver the right candidates for the forthcoming 2023 general elections We have no doubt that the distinguished ladies and gentleman assembled here will do just that I wouldn t want to go into details because we all know ourselves and we have tried to engage you in a manner that you will also bring your experience to the fore he said While acknowledging that there was a long huddle ahead of the committees Kyari appealed to the members to be patient and to ensure proper screening of aspirants to ensure that the best candidates emerged at the end He added that the party had been very fortunate because it had produced the best aspirants ahead of 2023 general elections And also almost two thirds of the House of Representatives he said He welcomed members of the committees saying that they had freehand to do what was required of them and would always be supported by the party s National Working Committee NWC when necessary NAN further reports that the APC had fixed its governorship primaries for May 20 House of Assembly May 22 House of Representatives May 24 and Senate May 25 The list of presidential aspirants that submitted their nomination forms includes Vice President Yemi Osinbajo and Asiwaju Bola Tinubu a former two term Lagos State Governor and APC national leader Others were former Minister of Transportation Rotimi Amaechi former Minister of Niger Delta Development Sen Godswill Akpabio and former Minister of Science Technology and Innovation Dr Ogbonnaya Onu Former Gov Rochas Okorocha of Imo and former Gov Ibikunle Amosu of Osun Pastor Tunde Bakare Gov Ben Ayade of Cross River and Gov Dave Umahi of Ebonyi also submitted their forms Chairman Nigeria Governor Forum NGF and Gov Kayode Fayemi of Ekiti Minister of State Education Emeka Nwajiuba former President of the Senate Sen Ken Nnamani and Gov Yahaya Bello of Kogi also submitted their forms Gov Mohammed Abubakar of Jigawa and former Zamfara Governor Sen Ahmed Yerima also submitted their forms Also on the list of presidential aspirants that returned their forms are the only female aspirant Mrs Uju Kennedy Ohnenye Pastor Nicholas Nwagbo former Speaker of House Representative Dimeji Bankole and President of the Senate Dr Ahmed Lawal African Development Bank AFDB Managing Director Akinwumi Adesina former Minister of State Petroleum Chief Timipre Sylva former Minister of Information Chief Ikeobasi Mokelu and Mr Tein Jack Rich also submitted their forms among others The party had meanwhile began the screening of the House of Representatives and governorship aspirants at designated hotels in Abuja NAN
    APC fixes May 23 for screening of presidential aspirants
    General news5 months ago

    APC fixes May 23 for screening of presidential aspirants

    The All Progressives Congress (APC) has fixed May 23 for the screening of its presidential aspirants for the 2023 general elections.Alhaji Suleiman Arugugun, National Organising Secretary, APC this on Saturday in Abuja when he fielded reporters’ questions shortly after the inauguration of chairmen and secretaries of the party’s screening committees for House of Representatives, Senate and governorship aspirants.The News Agency of Nigeria reports that APC special convention for the presidential primaries would hold from May 30 to June 1.“The screening for the presidential aspirants, we have so far 28 presidential aspirants and as you are all aware, some aspirants have started withdrawing their aspirations.“And by God’s grace on May 23, those that are left for the screening proper, will be screened,” Arugugun said.NAN reports that the committees’ chairmen and secretaries were inaugurated by Sen. Abubakar Kyari, APC Deputy National Chairnan, North on behalf of the National Chairman, Sen. Abdullahi Adamu.Speaking at the ceremony, Kyari, said that a total of 145 governorship aspirants would be screened by three panels while 351 senate aspirants would be screened by four panels for the party’s 2023 ticket.

    He said that a total of 1,197 House of Representatives aspirants would also be screened by 10 panels.

    “We have a very strong party, we have a big party, and we are committed to deliver the right candidates for the forthcoming 2023 general elections.

    “We have no doubt that the distinguished ladies and gentleman assembled here will do just that.

    “I wouldn’t want to go into details because we all know ourselves, and we have tried to engage you in a manner that you will also bring your experience to the fore,” he said.

    While acknowledging that there was a long huddle ahead of the committees, Kyari appealed to the members to be patient and to ensure proper screening of aspirants to ensure that the best candidates emerged at the end.

    He added that the party had been very fortunate because it had produced the best aspirants ahead of 2023 general elections.

    “And also almost two thirds of the House of Representatives,” he said.

    He welcomed  members of the committees, saying that they had freehand to do what was required of them and would always be supported by the party’s National Working Committee (NWC) when necessary.

    NAN further reports that the APC had fixed its governorship primaries for May 20, House of Assembly, May 22, House of Representatives May 24, and Senate May 25.

    The list of presidential aspirants that submitted their nomination forms includes: Vice President Yemi Osinbajo and Asiwaju Bola Tinubu, a former two-term Lagos State Governor and APC national leader.

    Others were former Minister of Transportation, Rotimi Amaechi, former Minister of Niger Delta Development, Sen. Godswill Akpabio, and former Minister of Science, Technology and Innovation, Dr Ogbonnaya Onu.

    Former Gov. Rochas Okorocha of Imo and former Gov. Ibikunle Amosu of Osun, Pastor Tunde Bakare, Gov. Ben Ayade of Cross River and Gov. Dave Umahi of Ebonyi also submitted their forms.

    Chairman, Nigeria Governor Forum (NGF) and Gov. Kayode Fayemi of Ekiti, Minister of State, Education, Emeka Nwajiuba, former President of the Senate,  Sen. Ken Nnamani and Gov. Yahaya Bello of Kogi also submitted their forms.

    Gov. Mohammed Abubakar of Jigawa and former Zamfara Governor, Sen.  Ahmed Yerima also submitted their forms.

    Also on the list of presidential aspirants that returned their forms are the only female aspirant, Mrs Uju Kennedy-Ohnenye,  Pastor Nicholas Nwagbo, former Speaker of House Representative Dimeji Bankole, and President of the Senate, Dr Ahmed Lawal.

    African Development Bank (AFDB) Managing Director, Akinwumi Adesina, former Minister of State, Petroleum, Chief Timipre Sylva, former Minister of Information, Chief Ikeobasi Mokelu and Mr Tein Jack Rich also submitted their forms among others.

    The party had meanwhile began the screening of the House of Representatives and  governorship  aspirants at designated hotels in Abuja.

    (NAN)

  •   Africa Oil Week AOW https Africa OilWeek com the continent s premium energy conference will be held in Cape Town to bring together major energy stakeholders from October 3 7 in Cape Town under the theme Sustainable growth in a low carbon world Annually Africa Oil Week attracts more than 2 000 C Suite executives more than 50 ministers and government leaders and global energy leaders to drive deals and investments with the African oil gas and energy sectors Africa Oil Week will be held in its traditional format to advocate for the sustainable development of the African upstream sector In 2022 the organizers of Africa Oil Week will also hold the summit s sister event the Green Energy Africa Summit GEA Summit at the same time at the Cape Town International Convention Center CTICC The aligned conferences come as Africa increasingly focuses on the need for its nations to drive economic growth improve service delivery and lift millions of citizens out of poverty Taking place in the same city at the same time as Africa Oil Week and Africa Green Energy Summit will push their agendas for the prosperity of the continent Africa Oil Week will continue to advocate and support the sustainable development of the continent s hydrocarbon sector while the Green Energy Africa Summit will facilitate deals transactions and partnerships across the African energy sector to provide access to energy for all Our goal is to bring together the right people to facilitate Africa s future prosperity and economic improvement through the hydrocarbon sector at the Africa Oil Week and energy access for all at the Africa Green Energy Summit he says Paul Sinclair vice president of energy Africa needs mixed energy solutions to meet demand and improve the livelihoods of millions of citizens We anticipate that hydrocarbons as well as renewable energy solutions will be a force multiplier for the continent Therefore Africa Oil Week and Africa Green Energy Summit will be held together says Sinclair Hyve Group the owners of Africa Oil Week further highlighted their enthusiasm for holding the event under the auspices of the Department of Mineral Resources and Energy the central government department headed by the Hon Minister Gwede Mantashe It shows South Africa s commitment to being central to the long term success of the African energy sector Mntu Nduvane former CEO of Total Namibia now known as TotalEnergies Namibia and Chairman of the Advisory Committee added He is forward thinking and seeks to address the real challenges facing African countries This will be a valuable platform to set the agenda for future energy projects and partnerships he says Green Energy Africa is a summit in its own right and independent of Africa Oil Week This is a platform that examines how low carbon energy solutions can contribute to energy access for all It is also worth focusing on comments made at COP26 in Glasgow by Dr Arron Tchouka Singhe of the AFDB who noted that a just transition must help Africa end poverty and achieve the UN Sustainable Development Goals for 2030 and the objectives of the Agenda of the African Union 2063 A sentiment that Green Energy Africa will focus on at its stand alone Summit in Cape Town at the same time Singhe went on to say We should be talking about low carbon development paths rather than net zero emissions paths in Africa a point that justifies the African Oil Week and Africa Green Energy Summit being held as separate events in the same city on the same dates Rashid Ali Abdallah Executive Director of the African Energy Commission echoed this sentiment He believes that African countries should contribute proportionally to global efforts to reduce carbon emissions By counting 900 million people in Africa who do not have access to clean energy for cooking and 600 million people who do not have access to electricity we realize that the continent is already carbon neutral he said South Africa has been conducting oil and gas exploration off its coast The Minister of Mineral Resources and Energy Gwede Mantashe affirms that Africa deserves the same opportunity to develop its economies based on its natural resources He says energy poverty high unemployment high debt and stagnant economies needed to be reversed and therefore developing natural resource projects would be crucial to enable a just transition Africa Oil Week and the Green Energy Africa Summit hope to foster more dialogue to advance Africa s interests for Africans says Paul Sinclair Only through discussion and a thorough examination of the data and facts will we arrive at the right solutions We pride ourselves on making that happen and creating opportunities that drive investment negotiation and partnerships that will shape a better future for Africa and its people she says Why attend Africa Oil Week and Africa Green Energy Summit Africa Oil Week offers 5 days of pioneering ideas from ministerial panels to strategic perspectives designed to advocate for African upstream development for the benefit of the continent At the heart of the event are some of the most compelling insights into upstream strategies from governments across the continent These extensive and varied networking opportunities have resulted in an unprecedented return of delegates year after year Africa Oil Week is recognized worldwide for bringing together the most important delegates each year In 2021 Africa Oil Week welcomed over 50 ministers and government leaders over 2 000 C level delegates and hundreds of SVPs and VPs from Africa Exploration New Ventures making the event the most influential energy conference from Africa While Africa Oil Week will retain its own identity as a pure play hydrocarbons event with the sole purpose of promoting upstream development The Africa Green Energy Summit will also play its part in driving enabling environments to ensure that foreign direct investment is deployed in innovative projects that will reduce the energy deficit and provide energy access for the entire continent Africa Oil Week To learn more about how you can get involved whether it s to exhibit sponsor or attend as a delegate click here https bit ly 3qm1w2q Inquire now https bit ly 3N77MEW to lock in early 2022 savings Africa Green Energy Summit To learn more about how you can get involved whether by exhibiting sponsoring or attending as a delegate click here https bit ly 3wt5Rom Inquire now https bit ly 3wsTN6z to lock in early 2022 savings
    Africa Oil Week and Green Energy Africa Summit set to Tackle the Future of Challenges of the African Energy Scenario in Cape Town in 2022
      Africa Oil Week AOW https Africa OilWeek com the continent s premium energy conference will be held in Cape Town to bring together major energy stakeholders from October 3 7 in Cape Town under the theme Sustainable growth in a low carbon world Annually Africa Oil Week attracts more than 2 000 C Suite executives more than 50 ministers and government leaders and global energy leaders to drive deals and investments with the African oil gas and energy sectors Africa Oil Week will be held in its traditional format to advocate for the sustainable development of the African upstream sector In 2022 the organizers of Africa Oil Week will also hold the summit s sister event the Green Energy Africa Summit GEA Summit at the same time at the Cape Town International Convention Center CTICC The aligned conferences come as Africa increasingly focuses on the need for its nations to drive economic growth improve service delivery and lift millions of citizens out of poverty Taking place in the same city at the same time as Africa Oil Week and Africa Green Energy Summit will push their agendas for the prosperity of the continent Africa Oil Week will continue to advocate and support the sustainable development of the continent s hydrocarbon sector while the Green Energy Africa Summit will facilitate deals transactions and partnerships across the African energy sector to provide access to energy for all Our goal is to bring together the right people to facilitate Africa s future prosperity and economic improvement through the hydrocarbon sector at the Africa Oil Week and energy access for all at the Africa Green Energy Summit he says Paul Sinclair vice president of energy Africa needs mixed energy solutions to meet demand and improve the livelihoods of millions of citizens We anticipate that hydrocarbons as well as renewable energy solutions will be a force multiplier for the continent Therefore Africa Oil Week and Africa Green Energy Summit will be held together says Sinclair Hyve Group the owners of Africa Oil Week further highlighted their enthusiasm for holding the event under the auspices of the Department of Mineral Resources and Energy the central government department headed by the Hon Minister Gwede Mantashe It shows South Africa s commitment to being central to the long term success of the African energy sector Mntu Nduvane former CEO of Total Namibia now known as TotalEnergies Namibia and Chairman of the Advisory Committee added He is forward thinking and seeks to address the real challenges facing African countries This will be a valuable platform to set the agenda for future energy projects and partnerships he says Green Energy Africa is a summit in its own right and independent of Africa Oil Week This is a platform that examines how low carbon energy solutions can contribute to energy access for all It is also worth focusing on comments made at COP26 in Glasgow by Dr Arron Tchouka Singhe of the AFDB who noted that a just transition must help Africa end poverty and achieve the UN Sustainable Development Goals for 2030 and the objectives of the Agenda of the African Union 2063 A sentiment that Green Energy Africa will focus on at its stand alone Summit in Cape Town at the same time Singhe went on to say We should be talking about low carbon development paths rather than net zero emissions paths in Africa a point that justifies the African Oil Week and Africa Green Energy Summit being held as separate events in the same city on the same dates Rashid Ali Abdallah Executive Director of the African Energy Commission echoed this sentiment He believes that African countries should contribute proportionally to global efforts to reduce carbon emissions By counting 900 million people in Africa who do not have access to clean energy for cooking and 600 million people who do not have access to electricity we realize that the continent is already carbon neutral he said South Africa has been conducting oil and gas exploration off its coast The Minister of Mineral Resources and Energy Gwede Mantashe affirms that Africa deserves the same opportunity to develop its economies based on its natural resources He says energy poverty high unemployment high debt and stagnant economies needed to be reversed and therefore developing natural resource projects would be crucial to enable a just transition Africa Oil Week and the Green Energy Africa Summit hope to foster more dialogue to advance Africa s interests for Africans says Paul Sinclair Only through discussion and a thorough examination of the data and facts will we arrive at the right solutions We pride ourselves on making that happen and creating opportunities that drive investment negotiation and partnerships that will shape a better future for Africa and its people she says Why attend Africa Oil Week and Africa Green Energy Summit Africa Oil Week offers 5 days of pioneering ideas from ministerial panels to strategic perspectives designed to advocate for African upstream development for the benefit of the continent At the heart of the event are some of the most compelling insights into upstream strategies from governments across the continent These extensive and varied networking opportunities have resulted in an unprecedented return of delegates year after year Africa Oil Week is recognized worldwide for bringing together the most important delegates each year In 2021 Africa Oil Week welcomed over 50 ministers and government leaders over 2 000 C level delegates and hundreds of SVPs and VPs from Africa Exploration New Ventures making the event the most influential energy conference from Africa While Africa Oil Week will retain its own identity as a pure play hydrocarbons event with the sole purpose of promoting upstream development The Africa Green Energy Summit will also play its part in driving enabling environments to ensure that foreign direct investment is deployed in innovative projects that will reduce the energy deficit and provide energy access for the entire continent Africa Oil Week To learn more about how you can get involved whether it s to exhibit sponsor or attend as a delegate click here https bit ly 3qm1w2q Inquire now https bit ly 3N77MEW to lock in early 2022 savings Africa Green Energy Summit To learn more about how you can get involved whether by exhibiting sponsoring or attending as a delegate click here https bit ly 3wt5Rom Inquire now https bit ly 3wsTN6z to lock in early 2022 savings
    Africa Oil Week and Green Energy Africa Summit set to Tackle the Future of Challenges of the African Energy Scenario in Cape Town in 2022
    Africa7 months ago

    Africa Oil Week and Green Energy Africa Summit set to Tackle the Future of Challenges of the African Energy Scenario in Cape Town in 2022

    Africa Oil Week (AOW) (https://Africa-OilWeek.com), the continent's premium energy conference, will be held in Cape Town to bring together major energy stakeholders from October 3-7 in Cape Town under the theme: Sustainable growth in a low-carbon world.

    Annually, Africa Oil Week attracts more than 2,000 C-Suite executives, more than 50 ministers and government leaders, and global energy leaders to drive deals and investments with the African oil, gas and energy sectors. Africa Oil Week will be held in its traditional format to advocate for the sustainable development of the African upstream sector. In 2022, the organizers of Africa Oil Week will also hold the summit's sister event, the Green Energy Africa Summit (GEA Summit) at the same time at the Cape Town International Convention Center (CTICC).

    The aligned conferences come as Africa increasingly focuses on the need for its nations to drive economic growth, improve service delivery and lift millions of citizens out of poverty.

    “Taking place in the same city at the same time as Africa Oil Week and Africa Green Energy Summit will push their agendas for the prosperity of the continent. Africa Oil Week will continue to advocate and support the sustainable development of the continent's hydrocarbon sector, while the Green Energy Africa Summit will facilitate deals, transactions and partnerships across the African energy sector to provide access to energy for all. Our goal is to bring together the right people to facilitate Africa's future prosperity and economic improvement through the hydrocarbon sector at the Africa Oil Week and energy access for all at the Africa Green Energy Summit," he says. Paul Sinclair, vice president of energy.

    “Africa needs mixed energy solutions to meet demand and improve the livelihoods of millions of citizens. We anticipate that hydrocarbons, as well as renewable energy solutions, will be a force multiplier for the continent. Therefore, Africa Oil Week and Africa Green Energy Summit will be held together,” says Sinclair.

    Hyve Group, the owners of Africa Oil Week, further highlighted their enthusiasm for holding the event under the auspices of the Department of Mineral Resources and Energy, the central government department headed by the Hon. Minister Gwede Mantashe. "It shows South Africa's commitment to being central to the long-term success of the African energy sector."

    Mntu Nduvane, former CEO of Total Namibia (now known as TotalEnergies Namibia) and Chairman of the Advisory Committee added: “He is forward thinking and seeks to address the real challenges facing African countries. This will be a valuable platform to set the agenda for future energy projects and partnerships,” he says.

    Green Energy Africa is a summit in its own right and independent of Africa Oil Week. This is a platform that examines how low carbon energy solutions can contribute to energy access for all. It is also worth focusing on comments made at COP26 in Glasgow by Dr. Arron Tchouka Singhe of the AFDB, who noted that a just transition “must help Africa end poverty and achieve the UN Sustainable Development Goals.” for 2030 and the objectives of the Agenda of the African Union. 2063.” A sentiment that Green Energy Africa will focus on at its stand-alone Summit in Cape Town at the same time.

    Singhe went on to say, "We should be talking about 'low carbon development paths' rather than 'net zero emissions paths' in Africa", a point that justifies the African Oil Week and Africa Green Energy Summit being held as separate events in the same city on the same dates.

    Rashid Ali Abdallah, Executive Director of the African Energy Commission echoed this sentiment. He believes that African countries should contribute proportionally to global efforts to reduce carbon emissions.

    "By counting 900 million people in Africa who do not have access to clean energy for cooking and 600 million people who do not have access to electricity, we realize that the continent is already carbon neutral," he said.

    South Africa has been conducting oil and gas exploration off its coast. The Minister of Mineral Resources and Energy, Gwede Mantashe, affirms that “Africa deserves the same opportunity to develop its economies based on its natural resources”. He says energy poverty, high unemployment, high debt and stagnant economies needed to be reversed and therefore developing natural resource projects would be "crucial" to enable a just transition.

    Africa Oil Week and the Green Energy Africa Summit hope to foster more dialogue to advance Africa's interests for Africans, says Paul Sinclair.

    “Only through discussion and a thorough examination of the data and facts will we arrive at the right solutions. We pride ourselves on making that happen and creating opportunities that drive investment, negotiation and partnerships that will shape a better future for Africa and its people,” she says.

    Why attend Africa Oil Week and Africa Green Energy Summit?

    Africa Oil Week offers 5 days of pioneering ideas, from ministerial panels to strategic perspectives designed to advocate for African upstream development for the benefit of the continent. At the heart of the event are some of the most compelling insights into upstream strategies from governments across the continent.

    These extensive and varied networking opportunities have resulted in an unprecedented return of delegates year after year.

    Africa Oil Week is recognized worldwide for bringing together the most important delegates each year. In 2021, Africa Oil Week welcomed over 50 ministers and government leaders, over 2,000 C-level delegates and hundreds of SVPs and VPs from Africa, Exploration, New Ventures, making the event the most influential energy conference from Africa.

    While Africa Oil Week will retain its own identity as a pure play hydrocarbons event with the sole purpose of promoting upstream development. The Africa Green Energy Summit will also play its part in driving enabling environments to ensure that foreign direct investment is deployed in innovative projects that will reduce the energy deficit and provide energy access for the entire continent.

    Africa Oil Week

    To learn more about how you can get involved, whether it's to exhibit, sponsor or attend as a delegate, click here (https://bit.ly/3qm1w2q). Inquire now (https://bit.ly/3N77MEW) to lock in early 2022 savings.

    Africa Green Energy Summit

    To learn more about how you can get involved, whether by exhibiting, sponsoring, or attending as a delegate, click here (https://bit.ly/3wt5Rom). Inquire now (https://bit.ly/3wsTN6z) to lock in early 2022 savings.