Seplat Energy Plc on Wednesday said there were huge business opportunities for investors in Nigeria’s transition to cleaner sources of energy.
Mr Roger Brown, the Chief Executive Officer Seplat Energy Plc, made this known while delivering a keynote address at the 2022 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) in Lagos.
The News Agency of Nigeria reports that the topic of the panel session was: “Operationalising a Clean Energy Transition for Sustainable Development in Africa.
” Represented by Mr Effiong Okon, New Energies Director, Seplat Energy Plc, Brown said lack of access to energy by Nigeria and other African countries remain a huge opportunity for investors.
He said Nigeria in particular had a strong potential for growth and that energy transition was an opportunity to create a sustainable future for the country.
According to him, Nigeria’s population is projected to hit 329 million by 2040 with an electricity demand of 240TWh. Brown said there was the need for investment in gas and renewables such as hydro, solar and wind which would play key roles in Nigeria’s industrialisation in the near future.
He said: “The greatest business opportunity ahead of us is to supply the right mix of energy to support Nigeria’s growth.
“In doing so, we must make a positive social impact and contribute to Nigeria’s achievement of the United Nations’ Sustainable Development Goals.
” Brown said Seplat was in support of the Federal Government’s decision to make gas Nigeria’s energy transition fuel and would continue to make investments toward the development and utilisation of the country’s abundant gas resources.
While listing the company’s achievement, he said Seplat had since 2011 invested a capex of $1.7 billion in the sector and had paid $445 million dividends since its Initial Public Offerring (IPO).
He said the $700 million ANOH Gas Processing Company being constructed by Seplat and the Nigerian National Petroleum Company Ltd. at Asaa, in Imo was nearing completion.
Brown said the project, when completed would provide gas to boost the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth.
Earlier, Prof. Olalekan Olafuyi, Chairman, SPE Nigeria Council, urged African countries to priotise reduction of energy poverty in the continent while also working on decarbonising the energy system.
Olafuyi said that the continent’s contribution to global carbon emission was relatively low.
He added that there was the need to utilise its huge hydrocarbon resources for industrialisation and human capital development.
By Solomon Asowata
The Federal Government said it would optimise the country’s abundant gas resource to achieve transition to low carbon energy sources.
Chief Timipre Sylva, Minister of State for Petroleum Resources, said this assertion at the 2021 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) on Tuesday in Lagos.
The News Agency of Nigeria (NAN) reports that the conference has as its theme: “The Future of Energy – A Trilogy of Determinants: Climate Change, Public Health, and the Global Oil Market.”
Sylva said: “The scenario being projected by some energy experts is that energy transition to low carbon energy sources would make the world a better living place with a cleaner climate.
“I believe so too, likewise the Government of Nigeria.”
He, however, faulted the assumption that the transition to the use of low carbon energy solutions must happen simultaneously across the globe.
The minister noted that those pushing for the move failed to take into account the different socio-economic, political and developmental peculiarities of individual nations.
“Let me state categorically that our approach towards the climate-change-net-zero-emission debate is to optimise the use of our abundant gas resource domestically as a transition fuel option towards meeting our Nationally Determined Contributions on climate change.
“As a government, we are determined to encourage more penetration of natural gas and its derivatives for domestic utilisation, power generation, gas-based industries and propulsion in all aspects of the national economy.
“This would in a fundamental manner address the great challenge posed by volatile oil market, the environmental issues and public health concerns,” said Silva.
He said it was obvious that the world was migrating from a fossil fuel-based economy to renewable energy.
This, he added, had engendered a corresponding decline in hydrocarbon including possible divestiture in the sector as deliberate frameworks were being championed to discourage extraction of carbon-laden resources.
The minister noted that the COVID-19 pandemic had further exacerbated the investment decline.
Sylva said the government was, therefore, collaborating with its global partners in exploring policies, technologies and investments.
He said this was aimed at addressing the challenge of migrating from carbon dependent fuels in order to meet its commitment to the Paris Agreement.
“It is our belief that the distinguished Society of Petroleum Engineers (SPE) will be in the forefront of our quest to achieve the desired balance of clean environment, safe public health and a renewed global oil market.
“This SPE Annual International Conference and Exhibition will be an appropriate platform to bring to the front-burner the critical discussions that would forge a robust and implementable clean energy solutions pathway for Nigeria,” the minister said.
Mr Roger Brown, Chief Executive Officer, Seplat Petroleum Development Company Plc, said the company was committed to the aspirations of Nigeria and would continue to invest towards the objective.
Brown, represented by Mr Effiong Okon, Executive Director of Operations, Seplat, commended the government for initiating projects and programmes to boost gas development in Nigeria.
He said the programmes included the National Gas Expansion Programme, National Gas Transportation Network Code and Nigeria Gas Flare Commercialisation Programme.
According to him, the construction of infrastructures such as the NLNG Train 7 Project, Ajaokuta- Kaduna-Kano (AKK) and the Obiafu-Obrikon-Oben (OB3) pipelines will help deepen gas utilisation in Nigeria.
Brown said Seplat would continue to make investments to support the vision of the government, adding that the company was currently supplying 30 per cent of gas to the electricity sector. (NAN)
Residents of Karu in Nasarawa state have advised parents to take security precautions in recruiting the services of domestic staff because of the increasing cases of child abuse in the society.
The residents gave the advice in separate interviews with the Nigeria News Agency on Monday at New Nyanya and Maararabab in Karu Local Government area of the state.
They argued that although the presence of domestic staff in homes allowed career parents to pursue their careers or vocations, leaving children in the hands of such staff, should know the history of the staff before employing them.
Mr Effiong Okon, a civil servant, said “employing domestic staff is not a bad idea if only the person is from a good background. “
Okon said that most parents engaged domestic staff in order to be relieved of stress, especially the working class couples but that at times, the results were not usually palatable.
“It only takes the grace of God for one to get a good house help.
“Some of them come with ulterior motives, either for revenge for the pains and anguish they have passed through in somebody else’s house.
”I see nothing wrong with the employment of domestic staff if one can find one without any evil intention,” he said.
Mrs Grace Destiny, a housewife, told NAN that she strongly opposed the employment of domestic staff, adding “I won’t advise anybody to employ one’’.
According to Destiny, cases of child assault and other vices carried out by domestic staff have been on the increase especially the children that had lost their lives in the process.
” As for me, I prefer somebody that I will pay weekly or monthly just come two or three times a week to my house, help me to do my house chores and go.
“But for me to bring somebody to my house, all in the name of house help; whereby bringing problems to family is beyond my capacity,” she said.
However, Mrs Vicky Peter, a beauty therapist, said employment of domestic staff had its pros and coins.
According to Peter, the employer is at risk because he or she does not know the person he or she is dealing with or leaving children’s` custody with.
“Base on parents’ schedules, you hardly know the domestic staff is impacting on your children, especially those that have negative influence.
“However, in the case of domestic staff with good family background, you love t have them in your house.
“For some men that are so irresponsible, to bring a female house help to their homes, such action can generate serious problem.
‘’Such house help, most especially the female, ones might end up taking over the home if you are not careful and observant.
“I do not see any reason for such service if only you can plan your schedule well. I grew up with a mother that did not call for assistance.
“We are eight in number, she brought us up all alone, therefore, I do not see reason for house help,” she said.
Mr Julius Simeon, a business man, called for employment of fairly educated domestic staff to ensure that such an employee had polished behaviour and translate that to the keeping of custody of children and carrying out chores.
Simeon said for someone to get the best from domestic staff ,he or she has to show love and care toward them.
“As she watches over your kids and home, make sure she feels loved and comfortable,“ he said.
Edited by: Bayo Sekoni/Dada Ahmed