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  •  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 news6 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 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 To further consolidate the provision of infrastructural development in the country the administration in Feb 2021 established the Infrastructure Corporation of Nigeria InfraCorp with initial seed Capital of N1 trillion provided by the Central Bank of Nigeria CBN the Nigerian Sovereign Investment Authority NSIA and the Africa Finance Corporation AFC InfraCorp s goal is to to catalyse and accelerate investment into Nigeria s infrastructure sector by originating structuring executing and managing end to end bankable projects in that space In addition to the N1 trillion equity seed capital InfraCorp is expected to mobilise up to an additional N14 trillion of debt capital Establishment in 2020 of the Presidential Infrastructure Development Fund PIDF with more than 1 billion in funding so far The government s capital investments in the railway sub sector has since started yielding fruitful results despite the unfortunate attack on the Kaduna bound train service in March The 156km Lagos Ibadan Standard Gauge Rail was completed and inaugurated within a Nigerian record time of four years 2017 to 2021 while 8 72km extension to Lagos Ibadan Rail Line to Lagos Port Complex was also completed in 2021 The Abuja Kaduna 186km Standard Gauge Rail Line was completed and inaugurated in 2016 while the 327km Itakpe Warri Standard Gauge Rail was completed and commissioned in 2020 33 years after construction began As part of this project there was the full rehabilitation of the Railway Village Agbor as well as construction of a Railway Ancillary Facilities Yard also in Agbor In 2021 the Line commenced commercial freight haulage transporting pipelines for the AKK Gas Pipeline project In a bid to check fraudulent practices the management of the Nigerian railway Corporation NRC completed the E Ticketing concession process on Abuja Kaduna Route in 2021 which increased the monthly generated revenue from less than N200 Million to N400 Million It has since commenced the E Ticketing concession process for the Lagos Ibadan and Warri Itakpe Standard Gauge Rail Lines The scope of the project is to Design Finance Build Operate and Manage Secure Ticketing Solution systems Hardware and Software for the two lines The Abuja Light Rail project was completed in 2018 while construction has commenced on Kaduna Kano Standard Gauge Rail Line following the ground breaking by President Buhari in July 2021 The president had also carried out ground breaking for construction of 284km Kano Maradi Standard Gauge Rail with branch line to Dutse preliminary works started 2021 The Nigerian leader also carried out the ground breaking for complete revamp of Port Harcourt Maiduguri Narrow Gauge Rail as the government took delivery of 377 Wagons 64 Coaches and 21 Locomotives including DMUs purchased for the Standard Gauge network between 2016 and 2021 On Jobs creation training and capacity building more than 11 000 new jobs had been created from the on going rail modernization projects in the country A special write up released by Mr Femi Adesina the President s spokesman indicated that More than 100 qualified young Nigerians awarded full international scholarships for courses in rail engineering and transport in China from 2018 In addition dozens of Nigerian Engineers had been trained as part of the railway modernization projects while a new Transportation University in Daura Katsina State and new Rail Wagon Assembly Plant in Kajola Ogun State are both nearing completion of construction On road projects the Presidential Infrastructure Development Fund PIDF is investing over a billion dollars in three flagship projects Lagos Ibadan Expressway for completion in 2022 Second Niger Bridge for completion in 2022 Abuja Kaduna Zaria Kano Expressway first phase for completion in 2023 President Buhari had on Jan 25 2019 issued the Executive Order 7 of 2019 on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme The scheme allows companies that are willing and able to spend their own funds on constructing critical roads to recover their construction costs by paying reduced taxes over a period of time and in a transparent manner So far more than N1 trillion has been mobilised through Executive Order 7 for road projects across all six geopolitical zones of the country like Bodo Bonny in Rivers and Apapa Oshodi Oworonshoki Ojota in Lagos The Highway Development and Management Initiative HDMI a public private partnership programme would also mobilise in its first Phase over a trillion Naira in private investment into the development and maintenance of 12 Roads amounting to 1 963km in length More than 600 billion Naira worth of Sukuk Bonds raised since 2017 for more than 40 critical road projects across all six geopolitical zones Between November 25 and December 13 2021 the Federal Government handed over to benefiting communities 941 km of completed Sukuk road projects connecting 10 states in five geo political zones of the country On air and sea ports development the government had completed the new terminals for International Airports in Lagos Abuja Kano and Port Harcourt while the New Runways for the Abuja and Enugu International Airports had been completed The Abuja International Airport Runway was reconstructed in 2017 for the first time since the Airport was built in the early 1980s In 2019 President Buhari approved a special fund of N10 Billion for the reconstruction of the Enugu Airport Runway it was completed and reopened in August 2020 Presidential approval for four International Airports as Special Economic Zones Lagos Kano Abuja and Port Harcourt was also granted by the President as he approved funds for the Accident Investigation Bureau AIB to build a world class Flight Safety Laboratory FSL in Abuja and train personnel to run it Now Nigeria no longer has to send aircraft Cockpit Voice Recorders and Flight Data Recorders Black Box abroad for downloading and analysis The Nigeria College of Aviation Technology NCAT in Zaria has undergone a transformation under President Buhari A new Boeing 737 Full Flight Simulator has been installed in the College as well as a fully automated Fire and Smoke Aircraft Training Simulator Prior to the installation of the Fire and Smoke Simulator Nigeria was sending personnel to Cameroon for the relevant training NCAT has also acquired 7 brand new Training Planes 1 multi engine and 6 single engine that use Jet A1 fuel to replace the old training planes that were expensive to maintain The Nigerian Meteorological Agency NIMET in July 2017 received the ISO 9001 2015 certification re certified in August 2020 for aeronautical meteorological services delivery making Nigeria the first ever African country to achieve this feat Significant infrastructural upgrades at various Airports nationwide include Cat 3 ILS Instrument Landing System DME Distance Measuring Equipment installed in Lagos and Abuja Airports in 2019 which allows planes to land in zero visibility Installation in progress in 3 more airports as Cat 2 had been installed in 10 airports around the country another 4 in progress Doppler Omni directional Range DVOR DME installed in 8 airports o Air Traffic Control ATC Mobile Towers installed in Lagos and Abuja Airports The procurement processes for the establishment of an Aviation Leasing Company in Nigeria a Maintenance Repair and Overhaul MRO Centre and the development of Aerotropolis Airport Cities in Lagos and Abuja are all ongoing for completion in 2022 according to the project timelines Also the Lekki Deep Sea Port the first new Sea Port in Nigeria in decades is now more than 90 per cent completed while the ground breaking done for Bonny Deep Sea Port was done in March 2021 and the inauguration of Kaduna Inland Dry Port was done in 2018 The construction of Kano and Katsina Inland Dry Ports are ongoing and to be completed this year while the Deep Blue Maritime Security Project was completed in 2021 The project includes 17 Special Mission Vessels 2 Special Mission Aircraft and 3 Helicopters The Maritime sector also witnessed the launch of a new Cabotage Compliance Strategy in 2019 by the Nigerian Maritime Administration and Safety Agency NIMASA to enforce the implementation of the Cabotage Act The sector also witnessed the Introduction of Electronic Call up system by the Nigerian Ports Authority NPA to substantially address the challenges of traffic gridlock caused by the Lagos Ports using technology The designation of the Lilypond Container Terminal in Ijora Lagos as a specialized processing and handling facility for the export of locally made agricultural and finished goods was also achieved in the period under review It also witnessed the commencement of indigenous survey and charting of Nigeria s offshore waters by the Nigerian Navy s new Hydrographic Survey Vessel NNS LANA Cabinet approval for award of 30 year Concession of Onitsha River Port under a Rehabilitate Operate and Transfer ROT arrangement February in 2022 There was also the development of capacity at the Eastern Ports Reduction of Tariff 10 Rebate on Harbour Dues for vessels calling at the Eastern Ports as part of incentives to encourage vessel traffic to the Eastern Ports In December 2017 Calabar Port commenced export of bulk cement to Tema Port in Ghana In 2019 3 container ships berthed at Calabar Port for the first time in eleven years Dredging of Warri Port Escravos Bar Warri Port channel completed in 2018 On Oct 30 2019 an LPG Tanker operated by NLNG berthed in Port Harcourt the first time ever an LPG ship berthed in any of the Eastern Ports On Dec 8 2019 Onne Port received JPO VOLANS owned by Maersk the FIRST gearless and largest container vessel 265 07 metres to call at any Eastern Port in Nigeria On Aug 1 2019 Onne Port s Brawal Terminal received MSC GRACE its first container vessel since 2012 In March 2021 the export of 7 000 metric tonnes of cocoa through Calabar Port to the United States for the first time in about 14 years The two largest container ships to ever berth at any Nigerian port have been in Onne in the last 3 years Maersk Stadelhorn 300m long amp 48m wide on August 15 2020 and Lady Jane on April 13 2022 294 5m long and 32 3m wide On power generation and distribution the Buhari administration would be leaving behind an incremental 4 000MW of power generating assets as this will be completed during the life of the administration These include the Zungeru Hydro Kashimbila Hydro Afam III Fast Power Kudenda Kaduna Power Plant the Okpai Phase 2 Plant the Dangote Refinery Power Plant and others NAN
    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 To further consolidate the provision of infrastructural development in the country the administration in Feb 2021 established the Infrastructure Corporation of Nigeria InfraCorp with initial seed Capital of N1 trillion provided by the Central Bank of Nigeria CBN the Nigerian Sovereign Investment Authority NSIA and the Africa Finance Corporation AFC InfraCorp s goal is to to catalyse and accelerate investment into Nigeria s infrastructure sector by originating structuring executing and managing end to end bankable projects in that space In addition to the N1 trillion equity seed capital InfraCorp is expected to mobilise up to an additional N14 trillion of debt capital Establishment in 2020 of the Presidential Infrastructure Development Fund PIDF with more than 1 billion in funding so far The government s capital investments in the railway sub sector has since started yielding fruitful results despite the unfortunate attack on the Kaduna bound train service in March The 156km Lagos Ibadan Standard Gauge Rail was completed and inaugurated within a Nigerian record time of four years 2017 to 2021 while 8 72km extension to Lagos Ibadan Rail Line to Lagos Port Complex was also completed in 2021 The Abuja Kaduna 186km Standard Gauge Rail Line was completed and inaugurated in 2016 while the 327km Itakpe Warri Standard Gauge Rail was completed and commissioned in 2020 33 years after construction began As part of this project there was the full rehabilitation of the Railway Village Agbor as well as construction of a Railway Ancillary Facilities Yard also in Agbor In 2021 the Line commenced commercial freight haulage transporting pipelines for the AKK Gas Pipeline project In a bid to check fraudulent practices the management of the Nigerian railway Corporation NRC completed the E Ticketing concession process on Abuja Kaduna Route in 2021 which increased the monthly generated revenue from less than N200 Million to N400 Million It has since commenced the E Ticketing concession process for the Lagos Ibadan and Warri Itakpe Standard Gauge Rail Lines The scope of the project is to Design Finance Build Operate and Manage Secure Ticketing Solution systems Hardware and Software for the two lines The Abuja Light Rail project was completed in 2018 while construction has commenced on Kaduna Kano Standard Gauge Rail Line following the ground breaking by President Buhari in July 2021 The president had also carried out ground breaking for construction of 284km Kano Maradi Standard Gauge Rail with branch line to Dutse preliminary works started 2021 The Nigerian leader also carried out the ground breaking for complete revamp of Port Harcourt Maiduguri Narrow Gauge Rail as the government took delivery of 377 Wagons 64 Coaches and 21 Locomotives including DMUs purchased for the Standard Gauge network between 2016 and 2021 On Jobs creation training and capacity building more than 11 000 new jobs had been created from the on going rail modernization projects in the country A special write up released by Mr Femi Adesina the President s spokesman indicated that More than 100 qualified young Nigerians awarded full international scholarships for courses in rail engineering and transport in China from 2018 In addition dozens of Nigerian Engineers had been trained as part of the railway modernization projects while a new Transportation University in Daura Katsina State and new Rail Wagon Assembly Plant in Kajola Ogun State are both nearing completion of construction On road projects the Presidential Infrastructure Development Fund PIDF is investing over a billion dollars in three flagship projects Lagos Ibadan Expressway for completion in 2022 Second Niger Bridge for completion in 2022 Abuja Kaduna Zaria Kano Expressway first phase for completion in 2023 President Buhari had on Jan 25 2019 issued the Executive Order 7 of 2019 on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme The scheme allows companies that are willing and able to spend their own funds on constructing critical roads to recover their construction costs by paying reduced taxes over a period of time and in a transparent manner So far more than N1 trillion has been mobilised through Executive Order 7 for road projects across all six geopolitical zones of the country like Bodo Bonny in Rivers and Apapa Oshodi Oworonshoki Ojota in Lagos The Highway Development and Management Initiative HDMI a public private partnership programme would also mobilise in its first Phase over a trillion Naira in private investment into the development and maintenance of 12 Roads amounting to 1 963km in length More than 600 billion Naira worth of Sukuk Bonds raised since 2017 for more than 40 critical road projects across all six geopolitical zones Between November 25 and December 13 2021 the Federal Government handed over to benefiting communities 941 km of completed Sukuk road projects connecting 10 states in five geo political zones of the country On air and sea ports development the government had completed the new terminals for International Airports in Lagos Abuja Kano and Port Harcourt while the New Runways for the Abuja and Enugu International Airports had been completed The Abuja International Airport Runway was reconstructed in 2017 for the first time since the Airport was built in the early 1980s In 2019 President Buhari approved a special fund of N10 Billion for the reconstruction of the Enugu Airport Runway it was completed and reopened in August 2020 Presidential approval for four International Airports as Special Economic Zones Lagos Kano Abuja and Port Harcourt was also granted by the President as he approved funds for the Accident Investigation Bureau AIB to build a world class Flight Safety Laboratory FSL in Abuja and train personnel to run it Now Nigeria no longer has to send aircraft Cockpit Voice Recorders and Flight Data Recorders Black Box abroad for downloading and analysis The Nigeria College of Aviation Technology NCAT in Zaria has undergone a transformation under President Buhari A new Boeing 737 Full Flight Simulator has been installed in the College as well as a fully automated Fire and Smoke Aircraft Training Simulator Prior to the installation of the Fire and Smoke Simulator Nigeria was sending personnel to Cameroon for the relevant training NCAT has also acquired 7 brand new Training Planes 1 multi engine and 6 single engine that use Jet A1 fuel to replace the old training planes that were expensive to maintain The Nigerian Meteorological Agency NIMET in July 2017 received the ISO 9001 2015 certification re certified in August 2020 for aeronautical meteorological services delivery making Nigeria the first ever African country to achieve this feat Significant infrastructural upgrades at various Airports nationwide include Cat 3 ILS Instrument Landing System DME Distance Measuring Equipment installed in Lagos and Abuja Airports in 2019 which allows planes to land in zero visibility Installation in progress in 3 more airports as Cat 2 had been installed in 10 airports around the country another 4 in progress Doppler Omni directional Range DVOR DME installed in 8 airports o Air Traffic Control ATC Mobile Towers installed in Lagos and Abuja Airports The procurement processes for the establishment of an Aviation Leasing Company in Nigeria a Maintenance Repair and Overhaul MRO Centre and the development of Aerotropolis Airport Cities in Lagos and Abuja are all ongoing for completion in 2022 according to the project timelines Also the Lekki Deep Sea Port the first new Sea Port in Nigeria in decades is now more than 90 per cent completed while the ground breaking done for Bonny Deep Sea Port was done in March 2021 and the inauguration of Kaduna Inland Dry Port was done in 2018 The construction of Kano and Katsina Inland Dry Ports are ongoing and to be completed this year while the Deep Blue Maritime Security Project was completed in 2021 The project includes 17 Special Mission Vessels 2 Special Mission Aircraft and 3 Helicopters The Maritime sector also witnessed the launch of a new Cabotage Compliance Strategy in 2019 by the Nigerian Maritime Administration and Safety Agency NIMASA to enforce the implementation of the Cabotage Act The sector also witnessed the Introduction of Electronic Call up system by the Nigerian Ports Authority NPA to substantially address the challenges of traffic gridlock caused by the Lagos Ports using technology The designation of the Lilypond Container Terminal in Ijora Lagos as a specialized processing and handling facility for the export of locally made agricultural and finished goods was also achieved in the period under review It also witnessed the commencement of indigenous survey and charting of Nigeria s offshore waters by the Nigerian Navy s new Hydrographic Survey Vessel NNS LANA Cabinet approval for award of 30 year Concession of Onitsha River Port under a Rehabilitate Operate and Transfer ROT arrangement February in 2022 There was also the development of capacity at the Eastern Ports Reduction of Tariff 10 Rebate on Harbour Dues for vessels calling at the Eastern Ports as part of incentives to encourage vessel traffic to the Eastern Ports In December 2017 Calabar Port commenced export of bulk cement to Tema Port in Ghana In 2019 3 container ships berthed at Calabar Port for the first time in eleven years Dredging of Warri Port Escravos Bar Warri Port channel completed in 2018 On Oct 30 2019 an LPG Tanker operated by NLNG berthed in Port Harcourt the first time ever an LPG ship berthed in any of the Eastern Ports On Dec 8 2019 Onne Port received JPO VOLANS owned by Maersk the FIRST gearless and largest container vessel 265 07 metres to call at any Eastern Port in Nigeria On Aug 1 2019 Onne Port s Brawal Terminal received MSC GRACE its first container vessel since 2012 In March 2021 the export of 7 000 metric tonnes of cocoa through Calabar Port to the United States for the first time in about 14 years The two largest container ships to ever berth at any Nigerian port have been in Onne in the last 3 years Maersk Stadelhorn 300m long amp 48m wide on August 15 2020 and Lady Jane on April 13 2022 294 5m long and 32 3m wide On power generation and distribution the Buhari administration would be leaving behind an incremental 4 000MW of power generating assets as this will be completed during the life of the administration These include the Zungeru Hydro Kashimbila Hydro Afam III Fast Power Kudenda Kaduna Power Plant the Okpai Phase 2 Plant the Dangote Refinery Power Plant and others NAN
    One-stop shop of achievements of Buhari Administration at 7
    General news6 months ago

    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.
    To further consolidate the provision of infrastructural development in the country, the administration in Feb. 2021 established the Infrastructure Corporation of Nigeria (InfraCorp), with initial seed Capital of N1 trillion, provided by the Central Bank of Nigeria (CBN), the Nigerian Sovereign Investment Authority (NSIA) and the Africa Finance Corporation (AFC).
    InfraCorp’s goal is to “to catalyse and accelerate investment into Nigeria’s infrastructure sector by originating, structuring, executing and managing end-to-end bankable projects in that space.”
    In addition to the N1 trillion equity seed capital, InfraCorp is expected to mobilise up to an additional N14 trillion of debt capital.
    Establishment in 2020 of the Presidential Infrastructure Development Fund (PIDF), with more than $1 billion in funding so far.
    The government’s capital investments in the railway sub-sector has since started yielding fruitful results despite the unfortunate attack on the Kaduna-bound train service in March.
    The 156km Lagos-Ibadan Standard Gauge Rail was completed and inaugurated within a Nigerian-record-time of four years (2017 to 2021) while 8.72km extension to Lagos-Ibadan Rail Line, to Lagos Port Complex, was also completed in 2021.
    The Abuja-Kaduna 186km Standard Gauge Rail Line was completed and inaugurated in 2016, while the 327km Itakpe-Warri Standard Gauge Rail was completed and commissioned in 2020, 33 years after construction began.
    As part of this project, there was the full rehabilitation of the Railway Village, Agbor, as well as construction of a Railway Ancillary Facilities Yard, also in Agbor. In 2021 the Line commenced commercial freight haulage, transporting pipelines for the AKK Gas Pipeline project.
    In a bid to check fraudulent practices, the management of the Nigerian railway Corporation (NRC) completed the E-Ticketing concession process on Abuja-Kaduna Route in 2021, which increased the monthly generated revenue from less than N200 Million to N400 Million.
    It has since commenced the E-Ticketing concession process for the Lagos-Ibadan and Warri-Itakpe Standard Gauge Rail Lines.
    ”The scope of the project is to Design, Finance, Build, Operate and Manage Secure Ticketing Solution systems (Hardware and Software) for the two lines.”
    The Abuja Light Rail project was completed in 2018, while construction has commenced on Kaduna-Kano Standard Gauge Rail Line, following the ground-breaking by President Buhari in July 2021.
    The president had also carried out ground-breaking for construction of 284km Kano-Maradi Standard Gauge Rail (with branch line to Dutse), preliminary works started 2021.
    The Nigerian leader also carried out the ground-breaking for complete revamp of Port Harcourt–Maiduguri Narrow Gauge Rail, as the government took delivery of 377 Wagons, 64 Coaches, and 21 Locomotives (including DMUs) purchased for the Standard Gauge network, between 2016 and 2021.
    On Jobs creation, training and capacity building, more than 11,000 new jobs had been created from the on-going rail modernization projects in the country.
    A special write-up released by Mr Femi Adesina, the President’s spokesman, indicated that: ”More than 100 qualified young Nigerians awarded full international scholarships for courses in rail engineering and transport in China, from 2018.”
    In addition, dozens of Nigerian Engineers had been trained as part of the railway modernization projects, while a new Transportation University in Daura, Katsina State, and new Rail Wagon Assembly Plant in Kajola, Ogun State are both nearing completion of construction.
    On road projects, the Presidential Infrastructure Development Fund (PIDF), is investing over a billion dollars in three flagship projects: Lagos-Ibadan Expressway (for completion in 2022), Second Niger Bridge (for completion in 2022), Abuja-Kaduna-Zaria-Kano Expressway (first phase for completion in 2023).
    President Buhari had on Jan. 25, 2019, issued the Executive Order 7 of 2019, on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.
    The scheme allows companies that are willing and able to spend their own funds on constructing critical roads, to recover their construction costs by paying reduced taxes, over a period of time, and in a transparent manner.
    So far, more than N1 trillion has been mobilised through Executive Order 7, for road projects across all six geopolitical zones of the country, like Bodo-Bonny in Rivers and Apapa-Oshodi-Oworonshoki-Ojota in Lagos.
    The Highway Development and Management Initiative (HDMI), a public-private partnership programme would also mobilise, in its first Phase, over a trillion Naira in private investment into the development and maintenance of 12 Roads, amounting to 1,963km in length.
    ”More than 600 billion Naira worth of Sukuk Bonds raised since 2017 for more than 40 critical road projects across all six geopolitical zones.
    ”Between November 25 and December 13, 2021, the Federal Government handed over to benefiting communities 941 km of completed Sukuk road projects connecting 10 states in five geo-political zones of the country”.
    On air and sea ports development, the government had completed the new terminals for International Airports in Lagos, Abuja, Kano and Port Harcourt while the New Runways for the Abuja and Enugu International Airports had been completed.
    The Abuja International Airport Runway was reconstructed in 2017, for the first time since the Airport was built in the early 1980s.
    In 2019 President Buhari approved a special fund of N10 Billion for the reconstruction of the Enugu Airport Runway; it was completed and reopened in August 2020).
    Presidential approval for four International Airports as Special Economic Zones: Lagos, Kano, Abuja and Port Harcourt was also granted by the President as he approved funds for the Accident Investigation Bureau (AIB) to build a world-class Flight Safety Laboratory (FSL) in Abuja, and train personnel to run it.
    Now Nigeria no longer has to send aircraft Cockpit Voice Recorders and Flight Data Recorders (“Black Box”) abroad for downloading and analysis.
    The Nigeria College of Aviation Technology (NCAT) in Zaria, has undergone a transformation under President Buhari: A new Boeing 737 Full Flight Simulator has been installed in the College, as well as a fully-automated Fire and Smoke Aircraft Training Simulator.
    Prior to the installation of the Fire and Smoke Simulator, Nigeria was sending personnel to Cameroon for the relevant training.
    NCAT has also acquired 7 brand new Training Planes (1 multi-engine and 6 single-engine) that use Jet A1 fuel; to replace the old training planes that were expensive to maintain.
    The Nigerian Meteorological Agency (NIMET) in July 2017 received the ISO 9001:2015 certification (re-certified in August 2020) for aeronautical meteorological services delivery, making Nigeria the first-ever African country to achieve this feat.
    Significant infrastructural upgrades at various Airports nationwide include, Cat-3 (ILS = Instrument Landing System; DME = Distance Measuring Equipment) installed in Lagos and Abuja Airports in 2019 — which allows planes to land in zero visibility.
    Installation in progress in 3 more airports as Cat-2 had been installed in 10 airports around the country, another 4 in progress Doppler Omni-directional Range (DVOR) DME installed in 8 airports o Air Traffic Control (ATC) Mobile Towers installed in Lagos and Abuja Airports.
    The procurement processes for the establishment of an Aviation Leasing Company in Nigeria, a Maintenance, Repair and Overhaul (MRO) Centre, and the development of Aerotropolis (Airport Cities) in Lagos and Abuja are all ongoing, for completion in 2022, according to the project timelines.
    Also the Lekki Deep Sea Port, the first new Sea Port in Nigeria in decades, is now more than 90 per cent completed, while the ground-breaking done for Bonny Deep Sea Port was done in March 2021, and the inauguration of Kaduna Inland Dry Port was done in 2018.
    The construction of Kano and Katsina Inland Dry Ports are ongoing, and to be completed this year, while the ‘Deep Blue’ Maritime Security Project was completed in 2021. The project includes 17 Special Mission Vessels, 2 Special Mission Aircraft, and 3 Helicopters.
    The Maritime sector also witnessed the launch of a new Cabotage Compliance Strategy, in 2019, by the Nigerian Maritime Administration and Safety Agency (NIMASA), to enforce the implementation of the Cabotage Act.
    The sector also witnessed the Introduction of Electronic Call-up system by the Nigerian Ports Authority (NPA), to substantially address the challenges of traffic gridlock caused by the Lagos Ports, using technology.
    The designation of the Lilypond Container Terminal in Ijora, Lagos as a specialized processing and handling facility for the export of locally-made agricultural and finished goods was also achieved in the period under review.
    It also witnessed the commencement of indigenous survey and charting of Nigeria’s offshore waters, by the Nigerian Navy’s new Hydrographic Survey Vessel, NNS LANA.
    ”Cabinet approval for award of 30-year Concession of Onitsha River Port, under a Rehabilitate, Operate and Transfer (ROT) arrangement, February in 2022.”
    There was also the development of capacity at the Eastern Ports: ”Reduction of Tariff (10% Rebate) on Harbour Dues for vessels calling at the Eastern Ports, as part of incentives to encourage vessel traffic to the Eastern Ports.”
    In December 2017, Calabar Port commenced export of bulk cement to Tema Port in Ghana.
    – In 2019, 3 container ships berthed at Calabar Port, for the first time in eleven years
    – Dredging of Warri Port (Escravos Bar—Warri Port channel) completed in 2018
    – On Oct. 30, 2019, an LPG Tanker operated by NLNG, berthed in Port
    Harcourt – the first time ever an LPG ship berthed in any of the Eastern Ports
    – On Dec. 8, 2019, Onne Port received JPO VOLANS (owned by Maersk), the FIRST gearless and largest container vessel (265.07 metres) to call at any Eastern Port in Nigeria.
    – On Aug. 1, 2019, Onne Port’s Brawal Terminal received MSC GRACE, its first container vessel since 2012.
    – In March 2021, the export of 7,000 metric tonnes of cocoa through Calabar Port to the United States, for the first time in about 14 years.
    – The two largest container ships to ever berth at any Nigerian port, have been in Onne, in the last 3 years: Maersk Stadelhorn, 300m long & 48m wide, on August 15, 2020, and Lady Jane on April 13, 2022. 294.5m long and 32.3m wide.
    On power generation and distribution, the Buhari administration would be leaving behind an incremental 4,000MW+ of power generating assets as this will be completed during the life of the administration.
    These include the Zungeru Hydro, Kashimbila Hydro, Afam III Fast Power, Kudenda Kaduna Power Plant, the Okpai Phase 2 Plant, the Dangote Refinery Power Plant, and others.

    (NAN)

  •  The Federal Government says the on going 284 km Kano Dutse Jibia Katsina State Maradi in Niger Republic will link Sokoto and Yola in Adamawa to boost the economy of the states The Minister of Information and Culture Alhaji Lai Mohammed said this on Thursday during a media tour of the five million tonnes per annum mtpa BUA Cement Factory in Sokoto The News Agency of Nigeria reports that the minister is on tour of the facility accompanied by more than 30 journalists drawn from the print electronic and social media I have just confirmed that the Kano Kataina Jibiya Maradi rail is going to have branches in Sokoto and Yola This means that by the time the section of the rail is completed it will be cheaper to transport cement from Sokoto to all parts of the North and Nigeria as a whole It will also help in bringing down the cost of energy because they can use rail to bring liquefied Natural Gas for electricity use in the plant We are very confident that in few years time the challenge relating to transportation of cement will be overcome and we can look forward to crash in price of cement he said Mohammed said that BUA Cement factory was the first cement plant in Nigeria to use Liquefied Natural Gas to generate electricity for its production thereby replacing coal in its kiln According to him it has made the plant environmentally friendly to also curb climate change The minister however expressed worry over the haulage of LPG from Port Harcourt to the Sokoto plant by road He assured that the rail project would ease the burden According to Mohammed when the AKK gas pipeline project is completed it will drastically reduce the time and cost of transporting the gas currently being trucked from Port Harcourt to the plant At least 20 trucks of LNG are brought here daily from Port Harcourt imagine the costs and the logistic challenges involved in this he said Also speaking the Managing Director and CEO of BUA Cement Factory Mr Yusuf Binji said they resulted to using LNG instead of diesel because of the reliability in the supply chain The LNG is a much more cleaner fuel with less carbon emissions and our equipment and generators run better on gas than LPPO diesel The LNG cannot be contaminated and it is also cheaper than diesel he said He said currently the LNG comes from Port Harcourt to the plant under freezing condition as it was being transported by road The CEO said upon arrival to the plant the LNG would be regassified for use in the plant Binji who conducted the team round the 50mw LNG power generating site in the plant said the company had commenced work in another 70mw to bring the capacity to 120mw He said with the extension of the rail to Sokoto and the completion of AKK gas plant it will reduce cost of transportation by at least 50 per cent The CEO said the reduction in cost of transportation would in turn reduce the cost of production and the price of the finished commodity NAN reports that President Muhammadu Buhari had in Feb 2021 performed the ground breaking of the Kano Dutse Jibia Katsina State Maradi 284km rail project connecting Kano in Nigeria to Maradi in Niger Republic virtually The 25 kilometers Kano Maradi railway will run from the Nigerian border town of Jibiya to Maradi connecting the three northern Nigerian states of Kano Jigawa and Katsina as well as traversing the border between the two nations The train project which is valued at 1 8 billion dollars has the potential to change the economic outlook of northern Nigeria and the larger Sahara region NAN
    Kano-Maradi rail to link Sokoto, Yola – FG
     The Federal Government says the on going 284 km Kano Dutse Jibia Katsina State Maradi in Niger Republic will link Sokoto and Yola in Adamawa to boost the economy of the states The Minister of Information and Culture Alhaji Lai Mohammed said this on Thursday during a media tour of the five million tonnes per annum mtpa BUA Cement Factory in Sokoto The News Agency of Nigeria reports that the minister is on tour of the facility accompanied by more than 30 journalists drawn from the print electronic and social media I have just confirmed that the Kano Kataina Jibiya Maradi rail is going to have branches in Sokoto and Yola This means that by the time the section of the rail is completed it will be cheaper to transport cement from Sokoto to all parts of the North and Nigeria as a whole It will also help in bringing down the cost of energy because they can use rail to bring liquefied Natural Gas for electricity use in the plant We are very confident that in few years time the challenge relating to transportation of cement will be overcome and we can look forward to crash in price of cement he said Mohammed said that BUA Cement factory was the first cement plant in Nigeria to use Liquefied Natural Gas to generate electricity for its production thereby replacing coal in its kiln According to him it has made the plant environmentally friendly to also curb climate change The minister however expressed worry over the haulage of LPG from Port Harcourt to the Sokoto plant by road He assured that the rail project would ease the burden According to Mohammed when the AKK gas pipeline project is completed it will drastically reduce the time and cost of transporting the gas currently being trucked from Port Harcourt to the plant At least 20 trucks of LNG are brought here daily from Port Harcourt imagine the costs and the logistic challenges involved in this he said Also speaking the Managing Director and CEO of BUA Cement Factory Mr Yusuf Binji said they resulted to using LNG instead of diesel because of the reliability in the supply chain The LNG is a much more cleaner fuel with less carbon emissions and our equipment and generators run better on gas than LPPO diesel The LNG cannot be contaminated and it is also cheaper than diesel he said He said currently the LNG comes from Port Harcourt to the plant under freezing condition as it was being transported by road The CEO said upon arrival to the plant the LNG would be regassified for use in the plant Binji who conducted the team round the 50mw LNG power generating site in the plant said the company had commenced work in another 70mw to bring the capacity to 120mw He said with the extension of the rail to Sokoto and the completion of AKK gas plant it will reduce cost of transportation by at least 50 per cent The CEO said the reduction in cost of transportation would in turn reduce the cost of production and the price of the finished commodity NAN reports that President Muhammadu Buhari had in Feb 2021 performed the ground breaking of the Kano Dutse Jibia Katsina State Maradi 284km rail project connecting Kano in Nigeria to Maradi in Niger Republic virtually The 25 kilometers Kano Maradi railway will run from the Nigerian border town of Jibiya to Maradi connecting the three northern Nigerian states of Kano Jigawa and Katsina as well as traversing the border between the two nations The train project which is valued at 1 8 billion dollars has the potential to change the economic outlook of northern Nigeria and the larger Sahara region NAN
    Kano-Maradi rail to link Sokoto, Yola – FG
    General news6 months ago

    Kano-Maradi rail to link Sokoto, Yola – FG

    The Federal Government says the on-going 284 km Kano–Dutse–Jibia (Katsina State}–Maradi in Niger Republic will link Sokoto and Yola in Adamawa to boost the economy of the states.

    The Minister of Information and Culture, Alhaji Lai Mohammed said this on Thursday during a media tour of the five-million tonnes per annum (mtpa) BUA Cement Factory in Sokoto. The News Agency of Nigeria reports that the minister is on tour of the facility accompanied by more than 30 journalists drawn from the print, electronic and social media.“I have just confirmed that the Kano-Kataina-Jibiya-Maradi rail is going to have branches in Sokoto and Yola.“This means that by the time the section of the rail is completed, it will be cheaper to transport cement from Sokoto to all parts of the North and Nigeria as a whole.“It will also help in bringing down the cost of energy because they can use rail to bring liquefied Natural Gas for electricity use in the plant.“We are very confident that in few years time the challenge relating to transportation of cement will be overcome and we can look forward to crash in price of cement,” he said.Mohammed said that BUA Cement factory  was the first cement plant in Nigeria to use Liquefied Natural Gas to generate electricity for its production, thereby replacing coal in its kiln.According to him, it has made  the plant environmentally friendly to also curb climate change.The minister, however, expressed worry over the haulage of LPG from Port-Harcourt to the Sokoto plant by road.He assured that the rail  project would ease the burden.According to Mohammed, when the AKK gas pipeline project is completed, it will drastically reduce the time and cost of transporting the gas currently being trucked from Port Harcourt to the plant.“At least, 20 trucks of LNG are brought here daily from Port Harcourt. imagine the costs and the logistic challenges involved in this,” he said.Also speaking, the Managing Director and CEO of BUA Cement Factory,  Mr Yusuf Binji said they resulted to using LNG instead of diesel because of the reliability in the supply chain.“The LNG is a much more cleaner fuel with less carbon emissions and our equipment and generators run better on gas than LPPO, diesel.“The LNG cannot be contaminated and it is also cheaper than diesel,” he said.He said currently, the LNG comes from Port-Harcourt to the plant under freezing condition as it was being transported by road.The CEO said upon arrival to the plant, the LNG would be regassified for use in the plant.Binji who conducted the team round the 50mw LNG power generating site in the plant, said the company had commenced work in another 70mw to bring the capacity to 120mw.He said  with the extension of the rail to Sokoto and the completion of AKK gas plant, it will reduce cost of transportation by at least 50 per cent.The CEO said the reduction in cost of transportation would in turn  reduce the cost of production and the price of the finished commodity.NAN reports that President Muhammadu Buhari had in Feb. 2021, performed the ground-breaking of the Kano–Dutse–Jibia (Katsina State}–Maradi 284km rail project connecting Kano in Nigeria to Maradi in Niger Republic, virtually.

    The 25 kilometers Kano-Maradi railway will run from the Nigerian border town of Jibiya to Maradi connecting the three northern Nigerian states of Kano, Jigawa, and Katsina, as well as traversing the border between the two nations.

    The train project, which is valued at 1.8 billion dollars has the potential to change the economic outlook of northern Nigeria and the larger Sahara region.

    (NAN)

  •  The Nigerian Content Development and Monitoring Board NCDMB has lauded the signing of an agreement between an indigenous shipping company Temile Development Company and Hyundai Mipo Dockyard HMD of South Korea A statement by the NCDMB s Corporate Communications on Wednesday in Lagos said Mr Simbi Wabote Executive Secretary NCDMB made the commendation in a video message at the signing of the agreement by the parties in south Korea The statement said the agreement was for the construction of a new 23 000 cubic meters Liquefied Petroleum Gas LPG carrier vessel It said the new LPG carrier is expected for delivery on July 26 2023 at HMD in Ulsan Korea The statement said the company also signed a separate agreement with NSML an integrated maritime services subsidiary of Nigeria LNG Ltd for the construction and supervision of the vessel It said the LPG carrier vessel was the second that was being constructed by the Temile Development Company and sequel to the first vessel which was constructed in 2018 According to the statement the first vessel is currently chartered to Nigeria LNG Ltd for domestic LPG supply It said Wabote saluted Temile Development Company for its bullish initiative in investing in an area that was regarded as off limits for local players He described the accomplishment as evidence of significant growth in capacity and confidence of local companies to play in the international arena and in complex areas of the oil and gas industry Wabote noted that the deal aligned with the board s strategic plan of maximising the potential in the midstream and downstream sectors of the Nigerian oil and gas industry He added that this was especially as the oil and gas industry strives to actualise the Decade of Gas policy of the Federal Government Wabote said this project clearly supports our LPG penetration initiative in Nigeria and will further close the gap in LPG penetration in Nigeria He stated further that the project would bring invaluable local content opportunities in technology and innovation human capital development and research and development The NCDMB s boss commended Hyundai for the work it was doing at the Brass Shipyard and other investment projects in Nigeria that would support the repair of vessels He also applauded NLNG for the strategic initiative of deploying 100 per cent LPG to the local market to close the gap in respect of LPG penetration in country Wabote added that the company had helped in reducing cost as well as creating a cleaner source of energy for our people On his part Temile s Chief Executive Mr Alfred Temile said the company was delighted to execute the construction of its new LPG carrier with HMD Temile said the company was bringing onboard NSML to supervise the construction as an indigenous company He said this demonstrates our commitment and support to the Nigeria Local Content Act and as well establishes our confidence in local capacity to deliver international acceptable standards Having taken delivery of our first LPG carrier vessel which is currently chartered to Nigeria LNG Ltd for domestic LPG supply we look forward to taking delivery of this new carrier in July 2023 to make an addition to the global gas supply industry Working with HMD again makes us feel in very safe hands as we are confident that this eco fuel vessel shall be constructed in line with international best practices and industrial regulations thereby creating a space for the vessel in the international gas supply value chain NAN
    NCDMB lauds Temile/Hyundai deal to build new LPG vessel
     The Nigerian Content Development and Monitoring Board NCDMB has lauded the signing of an agreement between an indigenous shipping company Temile Development Company and Hyundai Mipo Dockyard HMD of South Korea A statement by the NCDMB s Corporate Communications on Wednesday in Lagos said Mr Simbi Wabote Executive Secretary NCDMB made the commendation in a video message at the signing of the agreement by the parties in south Korea The statement said the agreement was for the construction of a new 23 000 cubic meters Liquefied Petroleum Gas LPG carrier vessel It said the new LPG carrier is expected for delivery on July 26 2023 at HMD in Ulsan Korea The statement said the company also signed a separate agreement with NSML an integrated maritime services subsidiary of Nigeria LNG Ltd for the construction and supervision of the vessel It said the LPG carrier vessel was the second that was being constructed by the Temile Development Company and sequel to the first vessel which was constructed in 2018 According to the statement the first vessel is currently chartered to Nigeria LNG Ltd for domestic LPG supply It said Wabote saluted Temile Development Company for its bullish initiative in investing in an area that was regarded as off limits for local players He described the accomplishment as evidence of significant growth in capacity and confidence of local companies to play in the international arena and in complex areas of the oil and gas industry Wabote noted that the deal aligned with the board s strategic plan of maximising the potential in the midstream and downstream sectors of the Nigerian oil and gas industry He added that this was especially as the oil and gas industry strives to actualise the Decade of Gas policy of the Federal Government Wabote said this project clearly supports our LPG penetration initiative in Nigeria and will further close the gap in LPG penetration in Nigeria He stated further that the project would bring invaluable local content opportunities in technology and innovation human capital development and research and development The NCDMB s boss commended Hyundai for the work it was doing at the Brass Shipyard and other investment projects in Nigeria that would support the repair of vessels He also applauded NLNG for the strategic initiative of deploying 100 per cent LPG to the local market to close the gap in respect of LPG penetration in country Wabote added that the company had helped in reducing cost as well as creating a cleaner source of energy for our people On his part Temile s Chief Executive Mr Alfred Temile said the company was delighted to execute the construction of its new LPG carrier with HMD Temile said the company was bringing onboard NSML to supervise the construction as an indigenous company He said this demonstrates our commitment and support to the Nigeria Local Content Act and as well establishes our confidence in local capacity to deliver international acceptable standards Having taken delivery of our first LPG carrier vessel which is currently chartered to Nigeria LNG Ltd for domestic LPG supply we look forward to taking delivery of this new carrier in July 2023 to make an addition to the global gas supply industry Working with HMD again makes us feel in very safe hands as we are confident that this eco fuel vessel shall be constructed in line with international best practices and industrial regulations thereby creating a space for the vessel in the international gas supply value chain NAN
    NCDMB lauds Temile/Hyundai deal to build new LPG vessel
    General news6 months ago

    NCDMB lauds Temile/Hyundai deal to build new LPG vessel

    The Nigerian Content Development and Monitoring Board (NCDMB) has lauded the signing of an agreement between an indigenous shipping company, Temile Development Company and Hyundai Mipo Dockyard (HMD) of South Korea.

    A statement by the NCDMB’s Corporate Communications on Wednesday in Lagos said Mr Simbi Wabote, Executive Secretary, NCDMB, made the commendation in a video message at the signing of the agreement by the parties in south Korea.

    The statement said the agreement was for the construction of a new 23,000 cubic meters Liquefied Petroleum Gas (LPG) carrier vessel.

    It said the new LPG carrier is expected for delivery on July 26, 2023 at HMD in Ulsan, Korea.

    The statement said the company also signed a separate agreement with NSML – an integrated maritime services subsidiary of Nigeria LNG Ltd. for the construction and supervision of the vessel.

    It said the LPG carrier vessel was the second that was being constructed by the Temile Development Company and sequel to the first vessel which was constructed in 2018.

    According to the statement, the first vessel is currently chartered to Nigeria LNG Ltd for domestic LPG supply.

    It said Wabote saluted Temile Development Company for its bullish initiative in investing in an area that was regarded as off-limits for local players.

    He described the accomplishment as evidence of significant growth in capacity and confidence of local companies to play in the international arena and in complex areas of the oil and gas industry.

    Wabote noted that the deal aligned with the board’s strategic plan of maximising the potential in the midstream and downstream sectors of the Nigerian oil and gas industry.

    He added that this was especially as the oil and gas industry strives to actualise the Decade of Gas policy of the Federal Government.

    Wabote said, “this project clearly supports our LPG penetration initiative in Nigeria and will further close the gap in LPG penetration in Nigeria.”

    He stated further that the project would bring invaluable local content opportunities in technology and innovation, human capital development and research and development.

    The NCDMB’s boss commended Hyundai for the work it was doing at the Brass Shipyard and other investment projects in Nigeria that would support the repair of vessels.

    He also applauded NLNG for the strategic initiative of deploying 100 per cent LPG to the local market to close the gap in respect of LPG penetration in-country.

    Wabote added that the company had helped in reducing cost as well as creating a cleaner source of energy for our people.

    On his part, Temile’s Chief Executive, Mr Alfred Temile, said the company was delighted to execute the construction of its new LPG carrier with HMD.

    Temile said the company was bringing onboard NSML to supervise the construction, as an indigenous company.

    He said: “this demonstrates our commitment and support to the Nigeria Local Content Act and as well establishes our confidence in local capacity to deliver international acceptable standards.

    “Having taken delivery of our first LPG carrier vessel which is currently chartered to Nigeria LNG Ltd for domestic LPG supply, we look forward to taking delivery of this new carrier in July 2023 to make an addition to the global gas supply industry.

    “Working with HMD again makes us feel in very safe hands as we are confident that this eco- fuel vessel shall be constructed in line with international best practices and industrial regulations, thereby creating a space for the vessel in the international gas supply value chain.”


    (NAN)

  •  Nigeria s Temile Development Company has awarded contracts to Hyundai Mipo Dockyard HMD and NLNG Shipping Management Limited NSML for construction and supervision of a 23 000 cubic meters Liquefied Petroleum Gas LPG Carrier Vessel Temile Development Company signed the contracts with HMD and NSML at the World Gas Conference on Wednesday in Daegu South Korea The Chief Executive Officer Temile Development Company Mr Alfred Temile said in a statement that the HMD s highly efficient eco fuel vessel would be constructed in line with international best practices and industrial regulations Temile also disclosed that NSML as an indigenous company would supervise the construction of the vessel expected to be delivered on July 26 2023 Today May 25 2022 at the WGC2022 in Daegu Korea Temile Development Company celebrated a dual contract signing agreements for the construction of a new 23 000 cubic meters Liquefied Petroleum Gas Carrier Vessel With Hyundai Mipo Dockyard HMD and with NSML for the construction supervision of the 23 000 cubic 3 Carrier at HMD We are delighted to execute the construction of our new LPG carrier with HMD and bringing onboard NSML to supervise the construction as an indigenous company he said According to him this demonstrates our commitment and support to the Nigeria Local Content Act and as well establishes our confidence in local capacity to deliver international acceptable standards Working with HMD again makes us feel in very safe hands as we are confident that this eco fuel vessel shall be constructed in line with International best practices and industrial regulations Thereby creating a space for the vessel in the international gas supply value chain Having taken delivery of our first LPG carrier vessel which is currently chartered to Nigeria LNG Limited for domestic LPG supply We look forward to taking delivery of this new carrier in July 2023 to make an addition to the global gas supply industry Temile stated NAN
    Temile Coy contracts Hyundai, NSML to construct world-class LPG vessel
     Nigeria s Temile Development Company has awarded contracts to Hyundai Mipo Dockyard HMD and NLNG Shipping Management Limited NSML for construction and supervision of a 23 000 cubic meters Liquefied Petroleum Gas LPG Carrier Vessel Temile Development Company signed the contracts with HMD and NSML at the World Gas Conference on Wednesday in Daegu South Korea The Chief Executive Officer Temile Development Company Mr Alfred Temile said in a statement that the HMD s highly efficient eco fuel vessel would be constructed in line with international best practices and industrial regulations Temile also disclosed that NSML as an indigenous company would supervise the construction of the vessel expected to be delivered on July 26 2023 Today May 25 2022 at the WGC2022 in Daegu Korea Temile Development Company celebrated a dual contract signing agreements for the construction of a new 23 000 cubic meters Liquefied Petroleum Gas Carrier Vessel With Hyundai Mipo Dockyard HMD and with NSML for the construction supervision of the 23 000 cubic 3 Carrier at HMD We are delighted to execute the construction of our new LPG carrier with HMD and bringing onboard NSML to supervise the construction as an indigenous company he said According to him this demonstrates our commitment and support to the Nigeria Local Content Act and as well establishes our confidence in local capacity to deliver international acceptable standards Working with HMD again makes us feel in very safe hands as we are confident that this eco fuel vessel shall be constructed in line with International best practices and industrial regulations Thereby creating a space for the vessel in the international gas supply value chain Having taken delivery of our first LPG carrier vessel which is currently chartered to Nigeria LNG Limited for domestic LPG supply We look forward to taking delivery of this new carrier in July 2023 to make an addition to the global gas supply industry Temile stated NAN
    Temile Coy contracts Hyundai, NSML to construct world-class LPG vessel
    Foreign6 months ago

    Temile Coy contracts Hyundai, NSML to construct world-class LPG vessel

    Nigeria’s Temile Development Company has awarded contracts to Hyundai Mipo Dockyard (HMD) and NLNG Shipping Management Limited (NSML) for construction and supervision of a 23,000 cubic meters Liquefied Petroleum Gas (LPG) Carrier Vessel.

    Temile Development Company signed the contracts with HMD and NSML at the World Gas Conference on Wednesday in Daegu, South Korea.

    The  Chief Executive Officer, Temile Development Company, Mr Alfred Temile, said in a statement that the HMD’s highly efficient eco- fuel vessel would be constructed in line with international best practices and industrial regulations.

    Temile also disclosed that NSML as an indigenous company would supervise the construction of the vessel expected to be delivered on July 26, 2023.

    “Today, May 25, 2022, at the WGC2022 in Daegu, Korea, Temile Development Company celebrated a dual contract signing agreements for the construction of a new 23,000 cubic meters Liquefied Petroleum Gas Carrier Vessel.

    “With Hyundai Mipo Dockyard (HMD) and with NSML for the construction supervision of the 23,000 cubic 3 Carrier at HMD.

    “We are delighted to execute the construction of our new LPG carrier with HMD and bringing onboard NSML to supervise the construction as an indigenous company,” he said.

    According to him, this demonstrates our commitment and support to the Nigeria Local Content Act and as well establishes our confidence in local capacity to deliver international acceptable standards.

    “Working with HMD again makes us feel in very safe hands as we are confident that this eco- fuel vessel shall be constructed in line with International best practices and industrial regulations.

    “Thereby creating a space for the vessel in the international gas supply value chain.

    “Having taken delivery of our first LPG carrier vessel which is currently chartered to Nigeria LNG Limited for domestic LPG supply.

    “We look forward to taking delivery of this new carrier in July 2023 to make an addition to the global gas supply industry,’’ Temile stated.



    (NAN)

  •  An analysis by Solomon Asowata of the News Agency of Nigeria A cardinal goal of the federal government is to transform the Nigerian economy into a gas powered economy by 2030 Ancillary to that is the hope to align the country with the global push for transition to cleaner sources of energy To achieve that lofty goal the federal government adopted gas as the vehicle for its energy transition journey declaring January 2021 to December 2030 as the Decade of Gas Initiative No doubt the country is blessed with abundant gas resources 208 62 trillion cubic feet TCF of proven gas reserves valued at over 803 9 trillion dollars and potential upside of 600TCF of gas This has fueled the overarching objective of the federal government to utilise the nation s abundant gas resources for socio economic growth and development In order to actualise this objective it is imperative for the government to leverage the achievements of the Nigerian LNG Company Ltd in the global Liquefied Natural Gas LNG space Indeed experts believe that NLNG which marked its 33rd anniversary on May 17 has shown by its developmental strides that the objective is achievable Apart from deepening domestic gas utilisation the NLNG is said to have contributed significantly to the country financially According to information on the company s website it has so far contributed 100 billion dollars to the federal government s coffers and 6 5 billion dollars in taxes since it started operations It also paid 13 billion dollars to the Nigerian National Petroleum Company NNPC Ltd for feed gas purchase and 16 billion dollars in dividends to the federal government Acknowledging these achievements the Federal Inland Revenue Service in a statement signed by its Executive Chairman Mr Muhammad Nami on May 16 recognised the NLNG as the Most Supportive Tax Payer in the country Prompted by this accolade Dr Muda Yusuf Chief Executive Officer Centre for the Promotion of Private Enterprise told the News Agency of Nigeria that the NLNG model should be adopted by the government in other public private partnership arrangements The NLNG model has worked very well It might not be perfect but of all the public private partnership arrangements that we have had the NLNG model seems to be the best so far The beauty of it is that there is practically no interference or very minimum interference in the management of the place So there is professionalism in the management in the allocation of resources in the recruitment and that has resulted in high level of performance he said Similarly Mr Nuhu Yakubu President Nigeria Liquefied Petroleum Gas Association NLPGA and Managing Director Banner Energy said the NLNG was a pride to all Nigerians Not only has the NLNG project endured for 33 years but it is a trail blazer for other similar projects that the Federal Government of Nigeria should mirror in the way NLNG is being administered and managed Aside the huge revenue being generated from the NLNG for the Nigerian government the company has brought human capital development to bear Yakubu said He said Nigerians working in NLNG were thorough professionals who were capable of competing with their peers globally Yakubu said the impact being made by the NLNG to deepen domestic gas utilisation in Nigeria could not be overemphasised NLNG has gradually progressed from a 150 000MT intervention to the domestic LPG market to 250 000MT to N350 000MT and now to 450 000MT which is maxing out their entire domestic LPG production to the Nigerian market It is unprecedented and it means NLNG is meeting the yearnings of Nigerians It is gauging the pulse of Nigerians and responding to it and we wish other corporations of that magnitude can do the same thing We will be able to close the energy gap that we have in Nigeria because we have pervasive domestic energy poverty and need lot of interventions to address the issue so that at least every home in Nigeria will have access to gas The NLNG intervention in the domestic market has catalysed growth and development in infrastructure on the supply side From 2007 when the NLNG intervention started we had only one terminal in Apapa Lagos owned by the Pipelines Products Marketing Company Today we have many privately owned coastal terminals across the country and there is also a lot of capital flow for infrastructure development because of the confidence brought in by NLNG he said However Mr Michael Umudu National Chairman the Liquefied Petroleum Gas Retailers LPGAR branch of National Union of Petroleum and Natural Gas Workers NUPENG said NLNG needed to do more to ensure supply of LPG in the domestic market Umudu said the total amount allocated to the domestic market was insufficient as about 60 per cent of LPG being consumed in Nigeria was imported Mr Philip Mshelbila Chief Executive Officer NLNG said the NLNG had for the past 33 years vigorously pursued its vision of being a globally competitive LNG company helping to build a better Nigeria Our company has touched lives in significant areas such as economic empowerment health education infrastructure development and sustainable community development Over the years it harnessed natural gas that would have otherwise been flared thereby contributing immensely to a cleaner environment And by delivering 100 per cent of its LPG production into the domestic market it helps Nigerians transition to cleaner cooking fuels Also Mrs Sophia Horsfall Manager Corporate Communications and Public Affairs NLNG said the ongoing Train 7 project would help the company increase its allocation to the domestic market She said the project was expected to ramp up NLNG s production capacity by 35 per cent from 22mtpa to around 30mtpa Horsfall noted that the project would form part of the investment of over 10 billion dollars including the upstream scope of the LNG value chain thereby increasing dividends and taxes accruing to the government Incorporated as a Limited Liability company on May 17 1989 the NLNG was set up to harness Nigeria s vast natural gas resources and produce Liquefied Natural Gas LNG and Natural Gas Liquids NGLs for export The establishment of NLNG is backed by the Nigeria LNG Fiscal Incentives Guarantees and Assurances Act Cap N87 Laws of Federation of Nigeria 2004 The law amongst other things provides for the guarantees and assurances by the federal government to the company and its shareholders The NLNG is an incorporated Joint Venture owned by four shareholders the federal government represented by NNPC Ltd 49 per cent Shell Gas B V 25 6 per cent Total Gaz Electricite Holdings France 15 per cent and Eni International N A N V S r l 10 4 per cent Today NLNG has a total production capacity of 22 Million Tons Per Annum MTPA of LNG and 5mtpa of Natural Gas Liquids NGLs from its six train plant complex The company has 16 long term Sale and Purchase Agreements SPAs with 10 buyers and controls about six per cent of global LNG trade By the strides of NLNG in its 33 years of existence and the groundswell of goodwill many Nigerians and experts believe that the company has the wherewithal to lead Nigeria s march towards a gas powered economy NAN
    NLNG leads stride to gas-powered economy
     An analysis by Solomon Asowata of the News Agency of Nigeria A cardinal goal of the federal government is to transform the Nigerian economy into a gas powered economy by 2030 Ancillary to that is the hope to align the country with the global push for transition to cleaner sources of energy To achieve that lofty goal the federal government adopted gas as the vehicle for its energy transition journey declaring January 2021 to December 2030 as the Decade of Gas Initiative No doubt the country is blessed with abundant gas resources 208 62 trillion cubic feet TCF of proven gas reserves valued at over 803 9 trillion dollars and potential upside of 600TCF of gas This has fueled the overarching objective of the federal government to utilise the nation s abundant gas resources for socio economic growth and development In order to actualise this objective it is imperative for the government to leverage the achievements of the Nigerian LNG Company Ltd in the global Liquefied Natural Gas LNG space Indeed experts believe that NLNG which marked its 33rd anniversary on May 17 has shown by its developmental strides that the objective is achievable Apart from deepening domestic gas utilisation the NLNG is said to have contributed significantly to the country financially According to information on the company s website it has so far contributed 100 billion dollars to the federal government s coffers and 6 5 billion dollars in taxes since it started operations It also paid 13 billion dollars to the Nigerian National Petroleum Company NNPC Ltd for feed gas purchase and 16 billion dollars in dividends to the federal government Acknowledging these achievements the Federal Inland Revenue Service in a statement signed by its Executive Chairman Mr Muhammad Nami on May 16 recognised the NLNG as the Most Supportive Tax Payer in the country Prompted by this accolade Dr Muda Yusuf Chief Executive Officer Centre for the Promotion of Private Enterprise told the News Agency of Nigeria that the NLNG model should be adopted by the government in other public private partnership arrangements The NLNG model has worked very well It might not be perfect but of all the public private partnership arrangements that we have had the NLNG model seems to be the best so far The beauty of it is that there is practically no interference or very minimum interference in the management of the place So there is professionalism in the management in the allocation of resources in the recruitment and that has resulted in high level of performance he said Similarly Mr Nuhu Yakubu President Nigeria Liquefied Petroleum Gas Association NLPGA and Managing Director Banner Energy said the NLNG was a pride to all Nigerians Not only has the NLNG project endured for 33 years but it is a trail blazer for other similar projects that the Federal Government of Nigeria should mirror in the way NLNG is being administered and managed Aside the huge revenue being generated from the NLNG for the Nigerian government the company has brought human capital development to bear Yakubu said He said Nigerians working in NLNG were thorough professionals who were capable of competing with their peers globally Yakubu said the impact being made by the NLNG to deepen domestic gas utilisation in Nigeria could not be overemphasised NLNG has gradually progressed from a 150 000MT intervention to the domestic LPG market to 250 000MT to N350 000MT and now to 450 000MT which is maxing out their entire domestic LPG production to the Nigerian market It is unprecedented and it means NLNG is meeting the yearnings of Nigerians It is gauging the pulse of Nigerians and responding to it and we wish other corporations of that magnitude can do the same thing We will be able to close the energy gap that we have in Nigeria because we have pervasive domestic energy poverty and need lot of interventions to address the issue so that at least every home in Nigeria will have access to gas The NLNG intervention in the domestic market has catalysed growth and development in infrastructure on the supply side From 2007 when the NLNG intervention started we had only one terminal in Apapa Lagos owned by the Pipelines Products Marketing Company Today we have many privately owned coastal terminals across the country and there is also a lot of capital flow for infrastructure development because of the confidence brought in by NLNG he said However Mr Michael Umudu National Chairman the Liquefied Petroleum Gas Retailers LPGAR branch of National Union of Petroleum and Natural Gas Workers NUPENG said NLNG needed to do more to ensure supply of LPG in the domestic market Umudu said the total amount allocated to the domestic market was insufficient as about 60 per cent of LPG being consumed in Nigeria was imported Mr Philip Mshelbila Chief Executive Officer NLNG said the NLNG had for the past 33 years vigorously pursued its vision of being a globally competitive LNG company helping to build a better Nigeria Our company has touched lives in significant areas such as economic empowerment health education infrastructure development and sustainable community development Over the years it harnessed natural gas that would have otherwise been flared thereby contributing immensely to a cleaner environment And by delivering 100 per cent of its LPG production into the domestic market it helps Nigerians transition to cleaner cooking fuels Also Mrs Sophia Horsfall Manager Corporate Communications and Public Affairs NLNG said the ongoing Train 7 project would help the company increase its allocation to the domestic market She said the project was expected to ramp up NLNG s production capacity by 35 per cent from 22mtpa to around 30mtpa Horsfall noted that the project would form part of the investment of over 10 billion dollars including the upstream scope of the LNG value chain thereby increasing dividends and taxes accruing to the government Incorporated as a Limited Liability company on May 17 1989 the NLNG was set up to harness Nigeria s vast natural gas resources and produce Liquefied Natural Gas LNG and Natural Gas Liquids NGLs for export The establishment of NLNG is backed by the Nigeria LNG Fiscal Incentives Guarantees and Assurances Act Cap N87 Laws of Federation of Nigeria 2004 The law amongst other things provides for the guarantees and assurances by the federal government to the company and its shareholders The NLNG is an incorporated Joint Venture owned by four shareholders the federal government represented by NNPC Ltd 49 per cent Shell Gas B V 25 6 per cent Total Gaz Electricite Holdings France 15 per cent and Eni International N A N V S r l 10 4 per cent Today NLNG has a total production capacity of 22 Million Tons Per Annum MTPA of LNG and 5mtpa of Natural Gas Liquids NGLs from its six train plant complex The company has 16 long term Sale and Purchase Agreements SPAs with 10 buyers and controls about six per cent of global LNG trade By the strides of NLNG in its 33 years of existence and the groundswell of goodwill many Nigerians and experts believe that the company has the wherewithal to lead Nigeria s march towards a gas powered economy NAN
    NLNG leads stride to gas-powered economy
    Features6 months ago

    NLNG leads stride to gas-powered economy

    An analysis by Solomon Asowata of the News Agency of Nigeria

    A cardinal goal of the federal government is to transform the Nigerian economy into a gas-powered economy by 2030.

    Ancillary to that is the hope to align the country with the global push for transition to cleaner sources of energy.

    To achieve that lofty goal, the federal government adopted gas as the vehicle for its energy transition journey, declaring January 2021 to December 2030 as the Decade of Gas Initiative.

    No doubt, the country is blessed with abundant gas resources; 208.62 trillion cubic feet (TCF) of proven gas reserves valued at over 803.9 trillion dollars, and potential upside of 600TCF of gas.

    This has fueled the overarching objective of the federal government to utilise the nation’s abundant gas resources for socio-economic growth and development.

    In order to actualise this objective, it is imperative for the government to leverage the achievements of the Nigerian LNG Company Ltd. in the global Liquefied Natural Gas (LNG) space.

    Indeed, experts believe that NLNG, which marked its 33rd anniversary on May 17, has shown by its developmental strides, that the objective is achievable.

    Apart from deepening domestic gas utilisation, the NLNG is said to have contributed significantly to the country financially.

    According to information on the company’s website, it has so far contributed 100 billion dollars to the federal government’s coffers, and 6.5 billion dollars in taxes since it started operations.

    It also paid 13 billion dollars to the Nigerian National Petroleum Company (NNPC) Ltd. for feed-gas purchase, and 16 billion dollars in dividends to the federal government.

    Acknowledging these achievements, the Federal Inland Revenue Service in a statement signed by its Executive Chairman, Mr Muhammad Nami, on May 16, recognised the NLNG as the Most Supportive Tax Payer in the country.

    Prompted by this accolade, Dr Muda Yusuf, Chief Executive Officer, Centre for the Promotion of Private Enterprise, told the News Agency of Nigeria that the NLNG model should be adopted by the government in other public-private-partnership arrangements.

    “The NLNG model has worked very well. It might not be perfect but of all the public private partnership arrangements that we have had, the NLNG model seems to be the best so far.

    “The beauty of it is that there is practically no interference or very minimum interference in the management of the place.

    “So, there is professionalism in the management, in the allocation of resources, in the recruitment and that has resulted in high level of performance,” he said.

    Similarly, Mr Nuhu Yakubu, President, Nigeria Liquefied Petroleum Gas Association (NLPGA) and Managing Director, Banner Energy, said the NLNG was a pride to all Nigerians.

    “Not only has the NLNG project endured for 33 years but it is a trail blazer for other similar projects that the Federal Government of Nigeria should mirror in the way NLNG is being administered and managed.

    “Aside the huge revenue being generated from the NLNG for the Nigerian government, the company has brought human capital development to bear,” Yakubu said.

    He said Nigerians working in NLNG were thorough professionals who were capable of competing with their peers globally.

    Yakubu said the impact being made by the NLNG to deepen domestic gas utilisation in Nigeria could not be overemphasised.

    “NLNG has gradually progressed from a 150,000MT intervention to the domestic LPG market to 250,000MT to N350,000MT and now to 450,000MT, which is maxing out their entire domestic LPG production to the Nigerian market.

    “It is unprecedented and it means NLNG is meeting the yearnings of Nigerians. It is gauging the pulse of Nigerians and responding to it and we wish other corporations of that magnitude can do the same thing.

    “We will be able to close the energy gap that we have in Nigeria because we have pervasive domestic energy poverty and need lot of interventions to address the issue so that at least every home in Nigeria will have access to gas.

    “The NLNG intervention in the domestic market has catalysed growth and development in infrastructure on the supply side.

    “From 2007 when the NLNG intervention started, we had only one terminal in Apapa, Lagos owned by the Pipelines Products Marketing Company.

    “Today we have many privately owned coastal terminals across the country and there is also a lot of capital flow for infrastructure development because of the confidence brought in by NLNG,” he said.

    However, Mr Michael Umudu, National Chairman, the Liquefied Petroleum Gas Retailers (LPGAR), branch of National Union of Petroleum and Natural Gas Workers (NUPENG), said NLNG needed to do more to ensure supply of LPG in the domestic market.

    Umudu said the total amount allocated to the domestic market was insufficient as about 60 per cent of LPG being consumed in Nigeria was imported.

    Mr Philip Mshelbila, Chief Executive Officer, NLNG, said the NLNG had for the past 33 years vigorously pursued its vision of being “a globally competitive LNG company, helping to build a better Nigeria.

    “Our company has touched lives in significant areas such as economic empowerment, health, education, infrastructure development and sustainable community development.

    “Over the years, it harnessed natural gas that would have otherwise been flared, thereby contributing immensely to a cleaner environment.

    “And by delivering 100 per cent of its LPG production into the domestic market, it helps Nigerians transition to cleaner cooking fuels.”

    Also, Mrs Sophia Horsfall, Manager, Corporate Communications and Public Affairs, NLNG, said the ongoing Train 7 project would help the company increase its allocation to the domestic market.

    She said the project was expected to ramp up NLNG’s production capacity by 35 per cent from 22mtpa to around 30mtpa.

    Horsfall noted that the project would form part of the investment of over 10 billion dollars, including the upstream scope of the LNG value chain, thereby increasing dividends and taxes accruing to the government.

    Incorporated as a Limited Liability company on May 17, 1989, the NLNG was set up to harness Nigeria’s vast natural gas resources and produce Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs) for export.

    The establishment of NLNG is backed by the Nigeria LNG (Fiscal Incentives, Guarantees and Assurances) Act. Cap N87, Laws of Federation of Nigeria 2004.

    The law, amongst other things, provides for the guarantees and assurances by the federal government to the company and its shareholders.

    The NLNG is an incorporated Joint-Venture owned by four shareholders: the federal government, represented by NNPC Ltd. (49 per cent), Shell Gas B.V. (25.6 per cent), Total Gaz Electricite Holdings France (15 per cent) and Eni International N.A. N. V. S.àr.l (10.4 per cent).

    Today, NLNG has a total production capacity of 22 Million Tons Per Annum (MTPA) of LNG and 5mtpa of Natural Gas Liquids (NGLs) from its six-train plant complex.

    The company has 16 long-term Sale and Purchase Agreements (SPAs) with 10 buyers and controls about six per cent of global LNG trade.

    By the strides of NLNG in its 33 years of existence, and the groundswell of goodwill, many Nigerians, and experts, believe that the company has the wherewithal to lead Nigeria’s march towards a gas-powered economy.

    (NAN)

  •   Energy intensive industries such as the mining and minerals sector are under pressure from governments investors and society to reduce carbon emissions even as demand for these minerals grows With most industry players committed to achieving net zero emissions by 2050 it is crucial that the mining industry is very deliberate about how it meets the energy needs for its operations and how it decarbonises Speaking to customers on the sidelines of this year s Mining Indaba conference in Cape Town South Africa GE Gas Power executive Oluwatoyin Abegunde said The complementary strength of gas and renewables plays a critical role in delivering of lower carbon emissions and more reliable electric power generation As sub Saharan Africa balances the need for greater access to energy along with the drive towards more sustainable energy sources the accelerated and strategic deployment of renewables and gas together can reduce carbon emissions rapidly GE has been collaborating with energy stakeholders to implement innovative technologies designed to meet the needs of the mining sector In Botswana GE gas turbines provide reliable power to the 90MW turbine power plant at the Orapa diamond mines in addition to supplementing the country s energy needs In Nigeria GE gas turbine technology supports Dangote Cement in Obajana located in north central Nigeria to reduce unplanned downtime improve operational efficiency and become energy self sufficient Adding renewables as fast as Africa can afford it while also switching significant generation from coal or diesel to gas will be required to help address climate change at the pace and scale required Abegunde said In Africa where diesel and heavy fuel oil HFO have historically dominated the power generation landscape GE technology offers a reliable cost effective and sustainable path to reduce carbon emissions for power industry players mining and metals plastic paper and pulp and chemical industries among others The mining industry is very focused on sustainability goals and it is imperative that the power generation industry achieve that goal That means in part reducing reliance on high carbon fuels like coal diesel and HFOs As one of the world s largest manufacturers and suppliers of gas turbine technology GE Gas Power offers a wide range of equipment models and options to help meet the most demanding energy requirements Thermal hybrid solutions for example improve energy security reliability and sustainability for captive power generation for industries including mines Hybrid thermal applications which involve the interconnected operation of a thermal asset with a renewable and or energy storage asset are expanding the possibilities of electricity generation GE s aeroderivative gas turbines are the ideal solution for mining operations as they are lightweight with a smaller footprint and lower carbon emissions high cycle elasticity and less downtime than competing technologies Aeroderivative gas turbines can also be used in thermal hybrids for a variety of industrial applications such as mining and metals Abegunde points out that GE is a leader in combustion technology GE gas turbines can run on a wide variety of gaseous and liquid fuels Gaseous fuels include natural gas liquefied natural gas LNG flare gases lean methane refinery gases as well as ethane propane and other higher molecular weight hydrocarbons i e natural gas liquids NGL and natural gas liquefied petroleum LPG Liquid fuels include diesel also known as light distillate or diesel fuel oil biodiesel condensates crude oil and heavy residual fuel oil Mining Indaba brings together mining companies investors government leaders service providers and thought leaders in the African mining ecosystem with the aim of driving innovation and collaboration for the sustainable development of African mining economies For more information and to download GE s Thermal Hybrid Solutions brochure visit https invent ge 3PkV0UH
    GE Gas Power Addresses the Energy Trilemma to Foster a More Sustainable Energy Transition in Mining Operations
      Energy intensive industries such as the mining and minerals sector are under pressure from governments investors and society to reduce carbon emissions even as demand for these minerals grows With most industry players committed to achieving net zero emissions by 2050 it is crucial that the mining industry is very deliberate about how it meets the energy needs for its operations and how it decarbonises Speaking to customers on the sidelines of this year s Mining Indaba conference in Cape Town South Africa GE Gas Power executive Oluwatoyin Abegunde said The complementary strength of gas and renewables plays a critical role in delivering of lower carbon emissions and more reliable electric power generation As sub Saharan Africa balances the need for greater access to energy along with the drive towards more sustainable energy sources the accelerated and strategic deployment of renewables and gas together can reduce carbon emissions rapidly GE has been collaborating with energy stakeholders to implement innovative technologies designed to meet the needs of the mining sector In Botswana GE gas turbines provide reliable power to the 90MW turbine power plant at the Orapa diamond mines in addition to supplementing the country s energy needs In Nigeria GE gas turbine technology supports Dangote Cement in Obajana located in north central Nigeria to reduce unplanned downtime improve operational efficiency and become energy self sufficient Adding renewables as fast as Africa can afford it while also switching significant generation from coal or diesel to gas will be required to help address climate change at the pace and scale required Abegunde said In Africa where diesel and heavy fuel oil HFO have historically dominated the power generation landscape GE technology offers a reliable cost effective and sustainable path to reduce carbon emissions for power industry players mining and metals plastic paper and pulp and chemical industries among others The mining industry is very focused on sustainability goals and it is imperative that the power generation industry achieve that goal That means in part reducing reliance on high carbon fuels like coal diesel and HFOs As one of the world s largest manufacturers and suppliers of gas turbine technology GE Gas Power offers a wide range of equipment models and options to help meet the most demanding energy requirements Thermal hybrid solutions for example improve energy security reliability and sustainability for captive power generation for industries including mines Hybrid thermal applications which involve the interconnected operation of a thermal asset with a renewable and or energy storage asset are expanding the possibilities of electricity generation GE s aeroderivative gas turbines are the ideal solution for mining operations as they are lightweight with a smaller footprint and lower carbon emissions high cycle elasticity and less downtime than competing technologies Aeroderivative gas turbines can also be used in thermal hybrids for a variety of industrial applications such as mining and metals Abegunde points out that GE is a leader in combustion technology GE gas turbines can run on a wide variety of gaseous and liquid fuels Gaseous fuels include natural gas liquefied natural gas LNG flare gases lean methane refinery gases as well as ethane propane and other higher molecular weight hydrocarbons i e natural gas liquids NGL and natural gas liquefied petroleum LPG Liquid fuels include diesel also known as light distillate or diesel fuel oil biodiesel condensates crude oil and heavy residual fuel oil Mining Indaba brings together mining companies investors government leaders service providers and thought leaders in the African mining ecosystem with the aim of driving innovation and collaboration for the sustainable development of African mining economies For more information and to download GE s Thermal Hybrid Solutions brochure visit https invent ge 3PkV0UH
    GE Gas Power Addresses the Energy Trilemma to Foster a More Sustainable Energy Transition in Mining Operations
    Africa7 months ago

    GE Gas Power Addresses the Energy Trilemma to Foster a More Sustainable Energy Transition in Mining Operations

    Energy-intensive industries, such as the mining and minerals sector, are under pressure from governments, investors and society to reduce carbon emissions even as demand for these minerals grows. With most industry players committed to achieving net-zero emissions by 2050, it is crucial that the mining industry is very deliberate about how it meets the energy needs for its operations and how it decarbonises.

    Speaking to customers on the sidelines of this year's Mining Indaba conference in Cape Town, South Africa, GE Gas Power executive Oluwatoyin Abegunde said: "The complementary strength of gas and renewables plays a critical role in delivering of lower carbon emissions and more reliable. electric power generation. As sub-Saharan Africa balances the need for greater access to energy, along with the drive towards more sustainable energy sources, the accelerated and strategic deployment of renewables and gas together can reduce carbon emissions rapidly.” .

    GE has been collaborating with energy stakeholders to implement innovative technologies designed to meet the needs of the mining sector. In Botswana, GE gas turbines provide reliable power to the 90MW turbine power plant at the Orapa diamond mines, in addition to supplementing the country's energy needs. In Nigeria, GE gas turbine technology supports Dangote Cement in Obajana, located in north central Nigeria, to reduce unplanned downtime, improve operational efficiency and become energy self-sufficient.

    “Adding renewables as fast as Africa can afford it, while also switching significant generation from coal or diesel to gas, will be required to help address climate change at the pace and scale required,” Abegunde said. “In Africa, where diesel and heavy fuel oil (HFO) have historically dominated the power generation landscape, GE technology offers a reliable, cost-effective and sustainable path to reduce carbon emissions for power industry players. mining and metals, plastic, paper and pulp. and chemical industries, among others”.

    The mining industry is very focused on sustainability goals, and it is imperative that the power generation industry achieve that goal. That means, in part, reducing reliance on high-carbon fuels like coal, diesel, and HFOs. As one of the world's largest manufacturers and suppliers of gas turbine technology, GE Gas Power offers a wide range of equipment models and options to help meet the most demanding energy requirements. Thermal hybrid solutions, for example, improve energy security, reliability and sustainability for captive power generation for industries, including mines.

    Hybrid thermal applications, which involve the interconnected operation of a thermal asset with a renewable and/or energy storage asset, are expanding the possibilities of electricity generation. GE's aeroderivative gas turbines are the ideal solution for mining operations, as they are lightweight with a smaller footprint and lower carbon emissions, high cycle elasticity and less downtime than competing technologies. Aeroderivative gas turbines can also be used in thermal hybrids for a variety of industrial applications such as mining and metals.

    Abegunde points out that GE is a leader in combustion technology. GE gas turbines can run on a wide variety of gaseous and liquid fuels. Gaseous fuels include natural gas, liquefied natural gas (LNG), flare gases, lean methane, refinery gases, as well as ethane, propane and other higher molecular weight hydrocarbons, i.e. natural gas liquids (NGL) and natural gas. liquefied petroleum (LPG). ). Liquid fuels include diesel (also known as light distillate or diesel fuel oil, biodiesel, condensates, crude oil, and heavy/residual fuel oil).

    Mining Indaba brings together mining companies, investors, government leaders, service providers and thought leaders in the African mining ecosystem with the aim of driving innovation and collaboration for the sustainable development of African mining economies.

    For more information and to download GE's Thermal Hybrid Solutions brochure, visit https://invent.ge/3PkV0UH

  •  The International Society of Petroleum Engineers said on Wednesday that investment in crude oil production over the past five years has witnessed a drop of around 50 percent Kamel Ben Naceur chairman said the drop was due to the global outcry over reducing carbon dioxide emissions and the negative impact of the COVID 19 pandemic on the oil and gas industry The Nigerian News Agency reports that Ben Naceur said this while delivering his keynote speech at the ongoing Offshore Technology Conference OTC in Houston Texas USA Ben Naceur cited 2015 as the start of a slump in investment in the industry s upstream sector but added that the situation had changed before the global pandemic in 2020 According to him upstream investment experienced sharp falls by 26 percent between 2015 and 2016 However investment rose again until 2019 before experiencing a 30 percent drop in 2020 If you look at the relative decline in investment in the upstream sector in general in less than five years we have reduced upstream investment by 50 percent which is almost unheard of You have to go back to the mid 1980s to see that kind of trend This came as Nigerian operators are calling for more investment in the sector to drive the necessary development in the sector and impact the country s economy he said The President noted that the COVID 19 pandemic had a unique impact on the energy industry and would pave the way for the energy transition on its way to net zero emissions The COVID 19 pandemic caused the largest one year drop in oil demand at 10 4 while natural gas demand fell by about 2 In addition the demand for coal and nuclear fell by about four percent Hydroelectric and renewable energy demand increased albeit by smaller margins Ben Naceur noted He expressed optimism that demand would continue to rise in 2023 as demand for crude oil had returned to pre pandemic levels noting that natural gas had done better Ben Naceur said The most dramatic increase is in the price of natural gas from April 2020 to the end of 2021 natural gas went from about three or four dollars per MMbtu to about 40 per MMbtu a dozen increased folds We ve never seen that kind of increase in gasoline prices in a one year period He stressed that there were signs that the situation had changed saying there has been a significant increase in upstream investment in 2022 On the reality of the energy transition Ben Nacuer said that the energy transition was more like a reality with sales of electric cars rising from one million to two million before 2018 to nearly seven million or nine percent of new cars sold in 2021 Renewable energy capacity continues to be added and the industry is always learning about the incentives of decarbonization There are a few different energy transition scenarios predicted by the International Energy Agency and each one will bring different costs and outcomes For the first time today s pledges if implemented in time and fully will keep the increase in global average temperatures in 2100 below two degrees Celsius Decarbonization will require many factors in combination to be successful including avoided demand CO2 capture and storage hydrogen bioenergy technological performance electrification other renewables and other fuel shifts But no matter the mix or the policies reaching net zero emissions still requires more investment in oil and gas We still need to invest more than we invest today Investment in the oil and gas industry will be crucial We are not investing enough in clean energy and that is the big problem facing the world Part of that investment will be in carbon capture and storage which is projected to expand significantly by 2030 The world continues with its need to access energy in a safe affordable and clean way Reducing greenhouse gas emissions and burning are critical Accelerating the energy transition will still require a large share of oil and gas he added Meanwhile stakeholders in the Nigerian oil and gas industry have scrambled to take advantage of the federal government s declaration of the year 2021 to 2030 as a gas decade Some Nigerian operators participating in the OTC such as Lee Engineering and Construction Company Ltd OILSERV Ltd and Seplat Energy Plc emphasized the need for local companies to invest in the natural gas sector of the industry They also called for more investment insisting that huge opportunities were available to investors in the sector The president of Lee Engineering and Construction Company Ltd Dr Leemon Ikpea emphasized the importance of improving the development of the country s infrastructure He stated that his company remained committed to creating much needed infrastructure which is why the company had committed more than 100 million to build a manufacturing yard in Warri Delta its operating base The project scheduled for commissioning this year will ensure the manufacture of any equipment needed in the oil and gas industry locally and across the African spectrum The company will focus on manufacturing and fabricating any equipment needed in the oil and gas industry On Nigeria s workforce capacity he noted that when I was a manager I didn t just sit in my office I took time to understand how the company operated I noticed that many Nigerians were doing various jobs like electricians welders etc The foreigners were there mostly as supervisors There are many skilled Nigerian workers around The idea of moving from contract hunting to manufacturing the equipment and parts needed by the oil and gas industry has many benefits for the sector First of all it generates technology transfer it saves foreign exchange it creates capacity along with many other multiplier effects he explained Ikpea identified the commitment and timely delivery of quality work as some of the qualities that distinguish companies that want to stand out in the development of the sector For his part the Chairman of Oilserv Ltd Mr Emeka Okwuosa said his company s involvement in the construction of the Ajaokuta Kaduna Kano AKK gas pipeline project was an indication of Nigeria s commitment to the energy transition According to him the collection of natural gas which is abundant in the country is key to Nigeria s energy and economic development The AKK project will stimulate the development of gas infrastructure and industrialization in Nigeria Okwuosa said The AKK gas project when completed will boost the agricultural and manufacturing sectors carbon footprint as part of measures to reduce global warming and provide gas for power generation and gas based industries He said that the project is aimed at transporting raw natural gas which would allow the production of Compressed Natural Gas CNG Liquefied Natural Gas LNG among others The project is important for Nigeria because the gas is what will help Nigeria to develop Development cannot happen without energy and our largest form of energy in terms of availability is gas For Seplat Energy Plc there are huge opportunities in the gas business that when seized would transform Nigeria and Africa making it a potential hub of the future Regarding the growth expectations of the sector the executive director of the company Mr Roger Brown reiterated that the development of gas and technology are key to guaranteeing a robust transition He said As the sector grows and evolves and struggles through transition we need to be super efficient in what we do particularly upstream and technology is very critical to that We believe that IT and cyber support are more efficient technologies that are needed in infrastructure development We are bringing more technologies to our project such as the use of solar energy gas We believe in the gas business since we will develop LPG We will complete the Assa North Ohaji South ANOH gas plant next year and it is a game changer for us We re also upgrading the Sapele gas plant right now and putting in LPG and expanding that second pillar of our business which is processing gas into electricity We are really looking at what renewable technologies will be adopted in our business that will be the best for Nigeria in the future Our view from our business model is that solar energy will be the winning game changer For us at Seplat the investment never stops as we will be making more investments in the coming months of the year as we expand the scope of the transition NAN
    Investment in upstream oil and gas records 50% drop in 5 years – Ben-Naceur
     The International Society of Petroleum Engineers said on Wednesday that investment in crude oil production over the past five years has witnessed a drop of around 50 percent Kamel Ben Naceur chairman said the drop was due to the global outcry over reducing carbon dioxide emissions and the negative impact of the COVID 19 pandemic on the oil and gas industry The Nigerian News Agency reports that Ben Naceur said this while delivering his keynote speech at the ongoing Offshore Technology Conference OTC in Houston Texas USA Ben Naceur cited 2015 as the start of a slump in investment in the industry s upstream sector but added that the situation had changed before the global pandemic in 2020 According to him upstream investment experienced sharp falls by 26 percent between 2015 and 2016 However investment rose again until 2019 before experiencing a 30 percent drop in 2020 If you look at the relative decline in investment in the upstream sector in general in less than five years we have reduced upstream investment by 50 percent which is almost unheard of You have to go back to the mid 1980s to see that kind of trend This came as Nigerian operators are calling for more investment in the sector to drive the necessary development in the sector and impact the country s economy he said The President noted that the COVID 19 pandemic had a unique impact on the energy industry and would pave the way for the energy transition on its way to net zero emissions The COVID 19 pandemic caused the largest one year drop in oil demand at 10 4 while natural gas demand fell by about 2 In addition the demand for coal and nuclear fell by about four percent Hydroelectric and renewable energy demand increased albeit by smaller margins Ben Naceur noted He expressed optimism that demand would continue to rise in 2023 as demand for crude oil had returned to pre pandemic levels noting that natural gas had done better Ben Naceur said The most dramatic increase is in the price of natural gas from April 2020 to the end of 2021 natural gas went from about three or four dollars per MMbtu to about 40 per MMbtu a dozen increased folds We ve never seen that kind of increase in gasoline prices in a one year period He stressed that there were signs that the situation had changed saying there has been a significant increase in upstream investment in 2022 On the reality of the energy transition Ben Nacuer said that the energy transition was more like a reality with sales of electric cars rising from one million to two million before 2018 to nearly seven million or nine percent of new cars sold in 2021 Renewable energy capacity continues to be added and the industry is always learning about the incentives of decarbonization There are a few different energy transition scenarios predicted by the International Energy Agency and each one will bring different costs and outcomes For the first time today s pledges if implemented in time and fully will keep the increase in global average temperatures in 2100 below two degrees Celsius Decarbonization will require many factors in combination to be successful including avoided demand CO2 capture and storage hydrogen bioenergy technological performance electrification other renewables and other fuel shifts But no matter the mix or the policies reaching net zero emissions still requires more investment in oil and gas We still need to invest more than we invest today Investment in the oil and gas industry will be crucial We are not investing enough in clean energy and that is the big problem facing the world Part of that investment will be in carbon capture and storage which is projected to expand significantly by 2030 The world continues with its need to access energy in a safe affordable and clean way Reducing greenhouse gas emissions and burning are critical Accelerating the energy transition will still require a large share of oil and gas he added Meanwhile stakeholders in the Nigerian oil and gas industry have scrambled to take advantage of the federal government s declaration of the year 2021 to 2030 as a gas decade Some Nigerian operators participating in the OTC such as Lee Engineering and Construction Company Ltd OILSERV Ltd and Seplat Energy Plc emphasized the need for local companies to invest in the natural gas sector of the industry They also called for more investment insisting that huge opportunities were available to investors in the sector The president of Lee Engineering and Construction Company Ltd Dr Leemon Ikpea emphasized the importance of improving the development of the country s infrastructure He stated that his company remained committed to creating much needed infrastructure which is why the company had committed more than 100 million to build a manufacturing yard in Warri Delta its operating base The project scheduled for commissioning this year will ensure the manufacture of any equipment needed in the oil and gas industry locally and across the African spectrum The company will focus on manufacturing and fabricating any equipment needed in the oil and gas industry On Nigeria s workforce capacity he noted that when I was a manager I didn t just sit in my office I took time to understand how the company operated I noticed that many Nigerians were doing various jobs like electricians welders etc The foreigners were there mostly as supervisors There are many skilled Nigerian workers around The idea of moving from contract hunting to manufacturing the equipment and parts needed by the oil and gas industry has many benefits for the sector First of all it generates technology transfer it saves foreign exchange it creates capacity along with many other multiplier effects he explained Ikpea identified the commitment and timely delivery of quality work as some of the qualities that distinguish companies that want to stand out in the development of the sector For his part the Chairman of Oilserv Ltd Mr Emeka Okwuosa said his company s involvement in the construction of the Ajaokuta Kaduna Kano AKK gas pipeline project was an indication of Nigeria s commitment to the energy transition According to him the collection of natural gas which is abundant in the country is key to Nigeria s energy and economic development The AKK project will stimulate the development of gas infrastructure and industrialization in Nigeria Okwuosa said The AKK gas project when completed will boost the agricultural and manufacturing sectors carbon footprint as part of measures to reduce global warming and provide gas for power generation and gas based industries He said that the project is aimed at transporting raw natural gas which would allow the production of Compressed Natural Gas CNG Liquefied Natural Gas LNG among others The project is important for Nigeria because the gas is what will help Nigeria to develop Development cannot happen without energy and our largest form of energy in terms of availability is gas For Seplat Energy Plc there are huge opportunities in the gas business that when seized would transform Nigeria and Africa making it a potential hub of the future Regarding the growth expectations of the sector the executive director of the company Mr Roger Brown reiterated that the development of gas and technology are key to guaranteeing a robust transition He said As the sector grows and evolves and struggles through transition we need to be super efficient in what we do particularly upstream and technology is very critical to that We believe that IT and cyber support are more efficient technologies that are needed in infrastructure development We are bringing more technologies to our project such as the use of solar energy gas We believe in the gas business since we will develop LPG We will complete the Assa North Ohaji South ANOH gas plant next year and it is a game changer for us We re also upgrading the Sapele gas plant right now and putting in LPG and expanding that second pillar of our business which is processing gas into electricity We are really looking at what renewable technologies will be adopted in our business that will be the best for Nigeria in the future Our view from our business model is that solar energy will be the winning game changer For us at Seplat the investment never stops as we will be making more investments in the coming months of the year as we expand the scope of the transition NAN
    Investment in upstream oil and gas records 50% drop in 5 years – Ben-Naceur
    General news7 months ago

    Investment in upstream oil and gas records 50% drop in 5 years – Ben-Naceur

    The International Society of Petroleum Engineers said on Wednesday that investment in crude oil production over the past five years has witnessed a drop of around 50 percent.

    Kamel Ben-Naceur, chairman, said the drop was due to the global outcry over reducing carbon dioxide emissions and the negative impact of the COVID-19 pandemic on the oil and gas industry.

    The Nigerian News Agency reports that Ben-Naceur said this while delivering his keynote speech at the ongoing Offshore Technology Conference (OTC) in Houston, Texas, USA.

    Ben-Naceur cited 2015 as the start of a slump in investment in the industry's upstream sector, but added that the situation had changed before the global pandemic in 2020.

    According to him, upstream investment experienced sharp falls by 26 percent between 2015 and 2016.

    “However, investment rose again until 2019 before experiencing a 30 percent drop in 2020.

    “If you look at the relative decline in investment in the upstream sector in general, in less than five years, we have reduced upstream investment by 50 percent, which is almost unheard of.

    “You have to go back to the mid-1980s to see that kind of trend.

    "This came as Nigerian operators are calling for more investment in the sector to drive the necessary development in the sector and impact the country's economy," he said.

    The President noted that the COVID-19 pandemic had a unique impact on the energy industry and would pave the way for the energy transition on its way to net-zero emissions.

    “The COVID-19 pandemic caused the largest one-year drop in oil demand at 10.4%, while natural gas demand fell by about 2%.

    “In addition, the demand for coal and nuclear fell by about four percent. Hydroelectric and renewable energy demand increased, albeit by smaller margins,” Ben-Naceur noted.

    He expressed optimism that demand would continue to rise in 2023 as demand for crude oil had returned to pre-pandemic levels, noting that natural gas had done better.

    Ben-Naceur said: “The 'most dramatic' increase is in the price of natural gas from April 2020 to the end of 2021, natural gas went from about three or four dollars per MMbtu to about $40 per MMbtu, a dozen increased folds.

    "We've never seen that kind of increase in gasoline prices in a one-year period."

    He stressed that there were signs that the situation had changed, saying "there has been a significant increase in upstream investment in 2022."

    On the reality of the energy transition, Ben-Nacuer said that the energy transition was more like a reality, with sales of electric cars rising from one million to two million before 2018 to nearly seven million, or nine percent of new cars sold in 2021.

    “Renewable energy capacity continues to be added, and the industry is always learning about the incentives of decarbonization.

    “There are a few different energy transition scenarios predicted by the International Energy Agency, and each one will bring different costs and outcomes.

    “For the first time, today's pledges, if implemented in time and fully, will keep the increase in global average temperatures in 2100 below two degrees Celsius.

    “Decarbonization will require many factors in combination to be successful, including avoided demand, CO2 capture and storage, hydrogen, bioenergy, technological performance, electrification, other renewables, and other fuel shifts.

    “But no matter the mix or the policies, reaching net-zero emissions still requires more investment in oil and gas.

    “We still need to invest more than we invest today. Investment in the oil and gas industry will be crucial.

    “We are not investing enough in clean energy and that is the big problem facing the world.

    “Part of that investment will be in carbon capture and storage, which is projected to expand significantly by 2030.

    “The world continues with its need to access energy in a safe, affordable and clean way. Reducing greenhouse gas emissions and burning are critical.

    "Accelerating the energy transition will still require a large share of oil and gas," he added.

    Meanwhile, stakeholders in the Nigerian oil and gas industry have scrambled to take advantage of the federal government's declaration of the year 2021 to 2030 as a gas decade.

    Some Nigerian operators participating in the OTC, such as Lee Engineering and Construction Company Ltd., OILSERV Ltd and Seplat Energy Plc, emphasized the need for local companies to invest in the natural gas sector of the industry.

    They also called for more investment, insisting that huge opportunities were available to investors in the sector.

    The president of Lee Engineering and Construction Company Ltd., Dr. Leemon Ikpea, emphasized the importance of improving the development of the country's infrastructure.

    He stated that his company remained committed to creating much-needed infrastructure, which is why the company had committed more than $100 million to build a manufacturing yard in Warri, Delta, its operating base.

    “The project, scheduled for commissioning this year, will ensure the manufacture of any equipment needed in the oil and gas industry locally and across the African spectrum.

    "The company will focus on manufacturing and fabricating any equipment needed in the oil and gas industry."

    On Nigeria's workforce capacity, he noted that “when I was a manager, I didn't just sit in my office. I took time to understand how the company operated.

    “I noticed that many Nigerians were doing various jobs like electricians, welders, etc. The foreigners were there mostly as supervisors. There are many skilled Nigerian workers around.

    “The idea of ​​moving from contract hunting to manufacturing the equipment and parts needed by the oil and gas industry has many benefits for the sector. First of all, it generates technology transfer, it saves foreign exchange, it creates capacity along with many other multiplier effects,” he explained.

    Ikpea identified the commitment and timely delivery of quality work as some of the qualities that distinguish companies that want to stand out in the development of the sector.

    For his part, the Chairman of Oilserv Ltd., Mr. Emeka Okwuosa, said his company's involvement in the construction of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project was an indication of Nigeria's commitment to the energy transition. .

    According to him, the collection of natural gas, which is abundant in the country, is key to Nigeria's energy and economic development.

    “The AKK project will stimulate the development of gas infrastructure and industrialization in Nigeria.

    Okwuosa said: "The AKK gas project, when completed, will boost the agricultural and manufacturing sectors, carbon footprint as part of measures to reduce global warming and provide gas for power generation and gas-based industries." .

    He said that the project is aimed at transporting (raw) natural gas, which would allow the production of Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG), among others.

    “The project is important for Nigeria because the gas is what will help Nigeria to develop. Development cannot happen without energy and our largest form of energy in terms of availability is gas.”

    For Seplat Energy Plc, there are huge opportunities in the gas business that, when seized, would transform Nigeria and Africa, making it a potential hub of the future.

    Regarding the growth expectations of the sector, the executive director of the company, Mr. Roger Brown, reiterated that the development of gas and technology are key to guaranteeing a robust transition.

    He said: “As the sector grows and evolves and struggles through transition, we need to be super efficient in what we do, particularly upstream, and technology is very critical to that.

    “We believe that IT and cyber support are more efficient technologies that are needed in infrastructure development. We are bringing more technologies to our project such as the use of solar energy, gas. We believe in the gas business since we will develop LPG.

    “We will complete the Assa North-Ohaji South (ANOH) gas plant next year and it is a game changer for us. We're also upgrading the Sapele gas plant right now and putting in LPG and expanding that second pillar of our business which is processing gas into electricity.

    “We are really looking at what renewable technologies will be adopted in our business that will be the best for Nigeria in the future. Our view from our business model is that solar energy will be the winning game changer.

    "For us at Seplat, the investment never stops, as we will be making more investments in the coming months of the year as we expand the scope of the transition."

    (NAN)

  •   The Enugu State Government says it has commenced the relocation of cooking gas outlets to safe places within neighbourhoods in Enugu metropolis and its outskirts The state s Chief Fire and Rescue Officer Chief Okwudili Ohaa told the News Agency of Nigeria NAN in Enugu on Monday that the move had saved the state from some avoidable fire disasters in recent time Ohaa said that the state government was carrying out the relocation after a massive sensitisation of the retailers of the cooking gas refill outlets at the various units of their association within the Enugu metropolis and beyond According to him we have fully enlightened them on the dangers of operating in certain neighbourhoods and on the need to follow operating standard for each outlets and having a functional giant fire extinguisher The task force members carrying out the relocation and putting sanity on the current multiple springing up of cooking gas Liquefied Petroleum Gas refill outlets are officers of the Enugu State Fire Service We do this with active collaboration of the state s LPG outlets association The task force ensures that the cooking gas refill outlets are suitable have required licence to operate The task force working for months now has made a lot of discoveries and prevented a lot of fire incidents by closing down those refill outlets that are located in un conducive and unsuitable places or environment to safe places The Enugu State Fire Service also helps them to relocate by way of suggesting a safe location they can go and restart their refill businesses he said Ohaa said that the task force assignment was still ongoing and the state government was fashioning out ways to assist those that are relocating to safe places for their businesses Considering the effect of the relocation on the retailers of the gas refill outlets we have approached Gov Ifeanyi Ugwuanyi who graciously approved that fire extinguishers of various giant sizes be given free of charge to the retailers So far we have given fire extinguishers of various giant sizes to 78 cooking gas refill outlets that relocated to further encourage to them to continue in their businesses in their new and safe locations The gesture of our amiable governor is part of his administration s zero tolerance to our fire outbreak programme in the state he said NAN NAN
    Enugu Govt. relocates cooking gas refill outlets to safe environment
      The Enugu State Government says it has commenced the relocation of cooking gas outlets to safe places within neighbourhoods in Enugu metropolis and its outskirts The state s Chief Fire and Rescue Officer Chief Okwudili Ohaa told the News Agency of Nigeria NAN in Enugu on Monday that the move had saved the state from some avoidable fire disasters in recent time Ohaa said that the state government was carrying out the relocation after a massive sensitisation of the retailers of the cooking gas refill outlets at the various units of their association within the Enugu metropolis and beyond According to him we have fully enlightened them on the dangers of operating in certain neighbourhoods and on the need to follow operating standard for each outlets and having a functional giant fire extinguisher The task force members carrying out the relocation and putting sanity on the current multiple springing up of cooking gas Liquefied Petroleum Gas refill outlets are officers of the Enugu State Fire Service We do this with active collaboration of the state s LPG outlets association The task force ensures that the cooking gas refill outlets are suitable have required licence to operate The task force working for months now has made a lot of discoveries and prevented a lot of fire incidents by closing down those refill outlets that are located in un conducive and unsuitable places or environment to safe places The Enugu State Fire Service also helps them to relocate by way of suggesting a safe location they can go and restart their refill businesses he said Ohaa said that the task force assignment was still ongoing and the state government was fashioning out ways to assist those that are relocating to safe places for their businesses Considering the effect of the relocation on the retailers of the gas refill outlets we have approached Gov Ifeanyi Ugwuanyi who graciously approved that fire extinguishers of various giant sizes be given free of charge to the retailers So far we have given fire extinguishers of various giant sizes to 78 cooking gas refill outlets that relocated to further encourage to them to continue in their businesses in their new and safe locations The gesture of our amiable governor is part of his administration s zero tolerance to our fire outbreak programme in the state he said NAN NAN
    Enugu Govt. relocates cooking gas refill outlets to safe environment
    Environment7 months ago

    Enugu Govt. relocates cooking gas refill outlets to safe environment

      The Enugu State Government says it has commenced the relocation of cooking gas outlets to safe places within neighbourhoods in Enugu metropolis and its outskirts.

    The state’s Chief Fire and Rescue Officer, Chief Okwudili Ohaa, told the News Agency of Nigeria  (NAN) in Enugu on Monday that the move had saved the state from some avoidable fire disasters in recent time.

    Ohaa said that the state government was carrying out the relocation after a massive sensitisation of the retailers of the cooking gas refill outlets at the various units of their association within the Enugu metropolis and beyond.

    According to him, we have fully enlightened them on the dangers of operating in certain neighbourhoods and on the need to follow operating standard for each outlets and having a functional giant fire extinguisher.

    “The task force members carrying out the relocation and putting sanity on the current multiple springing up of cooking gas  (Liquefied Petroleum Gas) refill outlets are officers of the Enugu State Fire Service.

    “We do this with active collaboration of the state’s LPG outlets association.

    “The task force ensures that the cooking gas refill outlets are suitable, have required licence to operate.

    “The task force working for months now has made a lot of discoveries and prevented a lot of fire incidents by closing down those refill outlets that are located in un-conducive and unsuitable places or environment to safe places.

    “The Enugu State Fire Service also helps them to relocate by way of suggesting a safe location they can go and restart their refill businesses,” he said.

    Ohaa said that the task force assignment was still ongoing and the state government was fashioning out ways to assist those that are relocating to safe places for their businesses.

    “Considering the effect of the relocation on the retailers of the gas refill outlets, we have approached Gov. Ifeanyi Ugwuanyi, who graciously approved that fire extinguishers of various giant sizes be given free-of-charge to the retailers.

    “So far, we have given fire extinguishers of various giant sizes to 78 cooking gas refill outlets that relocated to further encourage to them to continue in their businesses in their new and safe locations.

    “The gesture of our amiable governor is part of his administration’s zero tolerance to our fire outbreak programme in the state,” he said. (NAN) (

    (NAN)

  •   The International Islamic Trade Financing Corporation ITFC www ITFC idb org approved two new financing lines for EUR 35 million in favor of the Union of Comoros with EUR 25 million dedicated to supporting the import of products energy products such as petroleum derivatives and LPG while 10 million euros will be allocated to the importation of food products Both agreements were signed during a ceremony held at the ITFC headquarters in Jeddah Saudi Arabia between ITFC CEO Hani Salem Sonbol and HE Kamalidini Souef Minister of Finance Budget and Banking Sector Islamic Development Bank IsDB Governor of the Union of the Comoros The financing lines will facilitate the importation of rice and petroleum products thus boosting trade within the OIC and providing direct benefits to the people of Comoros The Union of the Comoros will also take advantage of the financial facilities to import other food products such as cooking oil flour and wheat Since 2008 ITFC has approved more than US 500 million in cumulative financing in favor of the Union of Comoros to ensure the energy and food security of the country Commenting on the signing Eng Hani Salem Sonbol stated ITFC is working with ICO member countries and partners to provide solutions that directly impact the lives of communities including increasing access to energy and improvement of food security We are pleased to see that these impacts are central to the new financing of the Comoros Equally important the agreements also enhance trade within the OIC and are aligned with the United Nations Sustainable Development Goals UN SDGs At ITFC we are committed to increasing the impact of trade and will continue to work together with our partners to achieve our collective goals The Minister of Finance Budget and Banking of the Union of the Comoros HE Kamalidini Souef added We are pleased to sign the financing agreement with ITFC a key partner for the development of the Union of the Comoros since 2008 This support to increase supply in key sectors of our economy such as energy and food products has had a positive impact on the living conditions of the inhabitants of the Comoros We look forward to further cooperation between the Comoros and the ITFC To build on this partnership the ITFC will seek to formulate a strategic cooperation with the Union of the Comoros to support the country s sustainable tourism development plan and provide the financing and capacity building necessary to achieve its economic development goals
    ITFC Provides €35 Million in Financing to Support Energy and Food Security in Comoros
      The International Islamic Trade Financing Corporation ITFC www ITFC idb org approved two new financing lines for EUR 35 million in favor of the Union of Comoros with EUR 25 million dedicated to supporting the import of products energy products such as petroleum derivatives and LPG while 10 million euros will be allocated to the importation of food products Both agreements were signed during a ceremony held at the ITFC headquarters in Jeddah Saudi Arabia between ITFC CEO Hani Salem Sonbol and HE Kamalidini Souef Minister of Finance Budget and Banking Sector Islamic Development Bank IsDB Governor of the Union of the Comoros The financing lines will facilitate the importation of rice and petroleum products thus boosting trade within the OIC and providing direct benefits to the people of Comoros The Union of the Comoros will also take advantage of the financial facilities to import other food products such as cooking oil flour and wheat Since 2008 ITFC has approved more than US 500 million in cumulative financing in favor of the Union of Comoros to ensure the energy and food security of the country Commenting on the signing Eng Hani Salem Sonbol stated ITFC is working with ICO member countries and partners to provide solutions that directly impact the lives of communities including increasing access to energy and improvement of food security We are pleased to see that these impacts are central to the new financing of the Comoros Equally important the agreements also enhance trade within the OIC and are aligned with the United Nations Sustainable Development Goals UN SDGs At ITFC we are committed to increasing the impact of trade and will continue to work together with our partners to achieve our collective goals The Minister of Finance Budget and Banking of the Union of the Comoros HE Kamalidini Souef added We are pleased to sign the financing agreement with ITFC a key partner for the development of the Union of the Comoros since 2008 This support to increase supply in key sectors of our economy such as energy and food products has had a positive impact on the living conditions of the inhabitants of the Comoros We look forward to further cooperation between the Comoros and the ITFC To build on this partnership the ITFC will seek to formulate a strategic cooperation with the Union of the Comoros to support the country s sustainable tourism development plan and provide the financing and capacity building necessary to achieve its economic development goals
    ITFC Provides €35 Million in Financing to Support Energy and Food Security in Comoros
    Africa8 months ago

    ITFC Provides €35 Million in Financing to Support Energy and Food Security in Comoros

    The International Islamic Trade Financing Corporation (ITFC) (www.ITFC-idb.org), approved two new financing lines for EUR 35 million in favor of the Union of Comoros, with EUR 25 million dedicated to supporting the import of products energy products such as petroleum derivatives and LPG, while 10 million euros will be allocated to the importation of food products. Both agreements were signed during a ceremony held at the ITFC headquarters in Jeddah, Saudi Arabia, between ITFC CEO Hani Salem Sonbol and HE. Kamalidini Souef, Minister of Finance, Budget and Banking Sector (Islamic Development Bank (IsDB) Governor) of the Union of the Comoros.

    The financing lines will facilitate the importation of rice and petroleum products, thus boosting trade within the OIC and providing direct benefits to the people of Comoros. The Union of the Comoros will also take advantage of the financial facilities to import other food products such as cooking oil, flour and wheat.

    Since 2008, ITFC has approved more than US$500 million in cumulative financing in favor of the Union of Comoros to ensure the energy and food security of the country.

    Commenting on the signing, Eng. Hani Salem Sonbol stated: “ITFC is working with ICO member countries and partners to provide solutions that directly impact the lives of communities, including increasing access to energy and improvement of food security. We are pleased to see that these impacts are central to the new financing of the Comoros. Equally important, the agreements also enhance trade within the OIC and are aligned with the United Nations Sustainable Development Goals (UN SDGs). At ITFC, we are committed to increasing the impact of trade and will continue to work together with our partners to achieve our collective goals.”

    The Minister of Finance, Budget and Banking of the Union of the Comoros, HE Kamalidini Souef, added: “We are pleased to sign the financing agreement with ITFC, a key partner for the development of the Union of the Comoros since 2008. This support to increase supply in key sectors of our economy, such as energy and food products, has had a positive impact on the living conditions of the inhabitants of the Comoros. We look forward to further cooperation between the Comoros and the ITFC.”

    To build on this partnership, the ITFC will seek to formulate a strategic cooperation with the Union of the Comoros to support the country's sustainable tourism development plan and provide the financing and capacity building necessary to achieve its economic development goals.

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