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  •  The Federal Government on Monday renewed its commitment to the completion of the Calabar Itu Ikot Ekpene Highway to ease transportation The road links Cross River and Akwa Ibom Mr Folirunsho Esan Director Federal Highways Construction and Rehabilitation Federal Ministry of Works stated this after he inspected on going work on the highway Esan said with the release of N600 billion tax credit from the Nigerian National Petroleum Corporation NNPC for the construction of 21 roads across the country Calabar Itu Ikot Ekpene was scheduled for early completion The funding for this project is available now from the inspection you can see contractors are on site and they are already working he told newsmen He assured that with the release of the funds travel time on the highway would reduce from eight hours when the road was deplorable to two hours after dualisation We want to commend President Muhammadu Buhari for the efforts he made in securing special funds to be released for the dualisation of this road he said The Federal Controller of Works in Akwa Ibom Mr Gabriel Kayode said in his remarks that there was strong commitment from government to ensure the completion of all on going projects in the state Kayode said apart from the Calabar Itu Ikot Ekpene Highway Oron to Eket section 4 of the East West Road was about 95 per cent complete Out of 12 2km Odukpani Itu Ikot Ekpene Section contractors have done 2 5km up to binders drainage is being completed and the Chinese construction company will begin work as soon as it receives mobilisation money Right now we are in Section 3 The work done so far from the level of supervision is excellent he said The Project Manager of China Civil Engineering Construction Corporation CCECC Mr Michael Cheng said as soon as mobilisation is given the company would begin work Cheng said the CCECC has the capacity to complete the construction of the road in record time NewsSourceCredit NAN
    FG renews commitment to complete Calabar-Itu-Ikot Ekpene Highway 
     The Federal Government on Monday renewed its commitment to the completion of the Calabar Itu Ikot Ekpene Highway to ease transportation The road links Cross River and Akwa Ibom Mr Folirunsho Esan Director Federal Highways Construction and Rehabilitation Federal Ministry of Works stated this after he inspected on going work on the highway Esan said with the release of N600 billion tax credit from the Nigerian National Petroleum Corporation NNPC for the construction of 21 roads across the country Calabar Itu Ikot Ekpene was scheduled for early completion The funding for this project is available now from the inspection you can see contractors are on site and they are already working he told newsmen He assured that with the release of the funds travel time on the highway would reduce from eight hours when the road was deplorable to two hours after dualisation We want to commend President Muhammadu Buhari for the efforts he made in securing special funds to be released for the dualisation of this road he said The Federal Controller of Works in Akwa Ibom Mr Gabriel Kayode said in his remarks that there was strong commitment from government to ensure the completion of all on going projects in the state Kayode said apart from the Calabar Itu Ikot Ekpene Highway Oron to Eket section 4 of the East West Road was about 95 per cent complete Out of 12 2km Odukpani Itu Ikot Ekpene Section contractors have done 2 5km up to binders drainage is being completed and the Chinese construction company will begin work as soon as it receives mobilisation money Right now we are in Section 3 The work done so far from the level of supervision is excellent he said The Project Manager of China Civil Engineering Construction Corporation CCECC Mr Michael Cheng said as soon as mobilisation is given the company would begin work Cheng said the CCECC has the capacity to complete the construction of the road in record time NewsSourceCredit NAN
    FG renews commitment to complete Calabar-Itu-Ikot Ekpene Highway 
    Environment4 months ago

    FG renews commitment to complete Calabar-Itu-Ikot Ekpene Highway 

    The Federal Government on Monday renewed its commitment to the completion of the Calabar-Itu-Ikot Ekpene Highway to ease transportation.

    The road links Cross River and Akwa Ibom.

    Mr Folirunsho Esan, Director, Federal Highways Construction and Rehabilitation, Federal Ministry of Works, stated this after he inspected on-going work on the highway.

    Esan said with the release of N600 billion tax credit from the Nigerian National Petroleum Corporation (NNPC) for the construction of 21 roads across the country, Calabar-Itu-Ikot Ekpene was scheduled for early completion.

    “The funding for this project is available now; from the inspection, you can see contractors are on site and they are already working,’’ he told newsmen.

    He assured that with the release of the funds, travel time on the highway would reduce from eight hours when the road was deplorable to two hours after dualisation.

    “We want to commend President Muhammadu Buhari for the efforts he made in securing special funds to be released for the dualisation of this road,’’ he said.

    The Federal Controller of Works in Akwa Ibom, Mr Gabriel Kayode, said in his remarks that there was strong commitment from government to ensure the completion of all on-going projects in the state

    Kayode said apart from the Calabar-Itu-Ikot Ekpene Highway, Oron to Eket section 4 of the East-West Road was about 95 per cent complete.

    “Out of 12.2km Odukpani-Itu-Ikot Ekpene Section contractors have done 2. 5km up to binders; drainage is being completed and the Chinese construction company will begin work as soon as it receives mobilisation money.

    “Right now we are in Section 3. The work done so far from the level of supervision is excellent,’’ he said.

    The Project Manager of China Civil Engineering Construction Corporation (CCECC), Mr Michael Cheng said as soon as mobilisation is given the company would begin work.

    Cheng said the CCECC has the capacity to complete the construction of the road in record time.

    NewsSourceCredit: NAN

  •  The Nigeria Security and Civil Defence Corps NSCDC Gombe State Command on Tuesday said it had arrested a 25 year old suspect Nuhu Umar who sold adulterated engine oil to unsuspecting customers The State Commandant Waziri Baba Goni who paraded the suspect in Gombe said Umar was arrested following intelligence information received by personnel of his command Baba Goni said the suspect was selling the adulterated engine oil at Tumfur a suburb community in Gombe He said that the suspect had admitted to the crime explaining that he was in the business with an accomplice one Habibu Ibrahim He confessed to the Command that Ibrahim usually purchased the adulterated oil from Kano State and sold same to unsuspecting customers in Gombe State He was arrested around Tumfure area he sells engine oil adulterated with petrol and kerosene We have sent samples to the Nigerian National Petroleum Corporation NNPC for evaluation But unfortunately Department of Petroleum Resources DPR said they are going to do it Already the suspect had confessed to the crime it was our officer who discovered the illicit place when he went to buy oil While saying that investigation was on to uncover other fake engine oil dealers Baba Goni said the suspect would be prosecuted to deter anyone who might want to engage in the illegal business in the future The commandant seized the opportunity to caution residents of the state against patronising engine oil from such kind of traders We want to alert the public to always buy from genuine engine oil sellers because the adulterated one is the reason most motorists regularly take their vehicles to mechanic workshop for repairs due to engine problem Mr Hassan Bukar the State Chairman National Union of Petroleum and Natural Gas Workers Engine Lubricant Dealers said the association was against such illegal business deals Bukar said the association had taken measures to protect motorists in the state by setting up a taskforce to check such illegal activities across the state Responding to questions from newsmen the suspect explained that he got regular supply from Kano I usually get supplies from Habibu Ibrahim from Kano State who processes it there my role is to sell it here in Gombe he said According to him 20 litres of his adulterated product sells for N21 000 as against the N25 000 the original product is sold for in the state Source NAN
    NSCDC nabs 25-year old suspect for selling adulterated engine oil in Gombe
     The Nigeria Security and Civil Defence Corps NSCDC Gombe State Command on Tuesday said it had arrested a 25 year old suspect Nuhu Umar who sold adulterated engine oil to unsuspecting customers The State Commandant Waziri Baba Goni who paraded the suspect in Gombe said Umar was arrested following intelligence information received by personnel of his command Baba Goni said the suspect was selling the adulterated engine oil at Tumfur a suburb community in Gombe He said that the suspect had admitted to the crime explaining that he was in the business with an accomplice one Habibu Ibrahim He confessed to the Command that Ibrahim usually purchased the adulterated oil from Kano State and sold same to unsuspecting customers in Gombe State He was arrested around Tumfure area he sells engine oil adulterated with petrol and kerosene We have sent samples to the Nigerian National Petroleum Corporation NNPC for evaluation But unfortunately Department of Petroleum Resources DPR said they are going to do it Already the suspect had confessed to the crime it was our officer who discovered the illicit place when he went to buy oil While saying that investigation was on to uncover other fake engine oil dealers Baba Goni said the suspect would be prosecuted to deter anyone who might want to engage in the illegal business in the future The commandant seized the opportunity to caution residents of the state against patronising engine oil from such kind of traders We want to alert the public to always buy from genuine engine oil sellers because the adulterated one is the reason most motorists regularly take their vehicles to mechanic workshop for repairs due to engine problem Mr Hassan Bukar the State Chairman National Union of Petroleum and Natural Gas Workers Engine Lubricant Dealers said the association was against such illegal business deals Bukar said the association had taken measures to protect motorists in the state by setting up a taskforce to check such illegal activities across the state Responding to questions from newsmen the suspect explained that he got regular supply from Kano I usually get supplies from Habibu Ibrahim from Kano State who processes it there my role is to sell it here in Gombe he said According to him 20 litres of his adulterated product sells for N21 000 as against the N25 000 the original product is sold for in the state Source NAN
    NSCDC nabs 25-year old suspect for selling adulterated engine oil in Gombe
    Defence/Security4 months ago

    NSCDC nabs 25-year old suspect for selling adulterated engine oil in Gombe

    The Nigeria Security and Civil Defence Corps (NSCDC), Gombe State Command, on Tuesday said it had arrested a 25-year old suspect, Nuhu Umar, who sold adulterated engine oil to unsuspecting  customers.

    The State Commandant, Waziri Baba-Goni, who paraded the suspect in Gombe,  said Umar was arrested following intelligence information received by personnel of his command.

    Baba-Goni said the suspect was selling the adulterated engine oil at Tumfur, a suburb community in Gombe .

    He said that the suspect had admitted to the crime, explaining that he was in the business with an accomplice, one Habibu Ibrahim.

    He confessed to the Command that Ibrahim usually purchased the adulterated oil from Kano State and sold same to unsuspecting customers in Gombe State.

    “He was arrested around Tumfure area; he sells engine oil adulterated with petrol and kerosene. We have sent samples to the Nigerian National Petroleum Corporation (NNPC) for evaluation.

    “But unfortunately Department of Petroleum Resources (DPR) said they are going to do it. Already the suspect had confessed to the crime, it was our officer who discovered the illicit place when he went to buy oil.”

    While saying that investigation was on to uncover other fake engine oil dealers, Baba-Goni said the suspect would be prosecuted to deter anyone who might want to engage in the illegal business in the future.

    The commandant seized the opportunity to caution residents of the state against patronising engine oil from such kind of traders.

    “We want to alert the public to always buy from genuine engine oil sellers because the adulterated one is the reason most motorists regularly take their vehicles to mechanic workshop for repairs due to engine problem.”

    Mr Hassan Bukar, the State Chairman, National Union of Petroleum and Natural Gas Workers, Engine Lubricant Dealers, said the association was against such illegal business deals.

    Bukar said the association had taken measures to protect motorists in the state by setting up a taskforce to check such illegal activities across the state.

    Responding to questions from newsmen, the suspect explained that he got regular supply from Kano.

    “I usually get supplies from Habibu Ibrahim from Kano State who processes it there; my role is to sell it here in Gombe,” he said.

    According to him,  20 litres of his adulterated product sells for N21, 000 as against the N25, 000 the original product is sold for in the state

    Source: NAN

  •  Minister of State for Petroleum Resources Chief Timipre Sylva says the Federal Government has been deliberately implementing gender friendly policies that will promote women inclusion in the oil and gas industry Sylva spoke on Tuesday in Lagos at the 2022 Nigerian Women in Oil and Gas Conference organised by the Nigerian Content Consultative Forum NCCF Diversity Sectoral Working Group DSWG The News Agency of Nigeria reports that the conference had as its theme Leveraging Opportunities for Women in the Oil and Gas Industry He said although women made up 48 per cent of the global work force they only accounted for 22 per cent of the labour force in the oil and gas sector However the Nigerian government has been deliberate in gender friendly policies This is aimed at increasing access to funding award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry This government through its Nigerian Content Development and Monitoring Board NCDMB Nigerian Export Import Bank NEXIM partnership has rolled out a 40 million dollar fund to empower women in the oil industry This is separate from the 300 million dollar Nigerian Content Initiative NCI Fund which is equally available to women and men who meet the criteria Sylva said The minister stated that the industry played a pivotal role in the socio economic development of the world and would continue to play this key role in spite of the growing call for energy transition According to him harnessing the natural endowment strength intuition knowledge and expertise of women for the growth of the industry has become a fundamental truth He noted that women needed one another to survive the realities of the sector whether locally or internationally The minister said It is estimated that women occupy about 50 per cent of non technical positions at entry level compared to only 15 per cent of technical and field role positions Gender diversity and inclusion decreases with seniority There is only a tiny proportion of women in executive positions The percentage of women in the industry drops over time from 36 per cent to 24 per cent between the middle and executive level a recent study by Global Energy Talent Index Report has indicated He therefore urged the various women groups in the sector to work together in championing the course of women in the industry Also Executive Secretary NCDMB Mr Simbi Wabote said the enactment of the Petroleum Industry Act 2021 had created several opportunities that could be leveraged to increase the participation of women in the sector Wabote said they included administration of the various Trusts and Funds contained in the Act opportunities in National Gas Expansion Programme and the almost completed Industrial Parks in Bayelsa and Cross River On her part Chairman Board of Directors Nigerian National Petroleum Company NNPC Ltd Sen Margery Chuba Okadigbo said it was imperative for more women to participate in the oil and gas space because of its significant contribution to the economy She therefore urged the leadership of the NCDMB to consider replicating the board s Project 100 Companies by creating a model exclusively for women owned Nigerian companies Earlier Mrs Mrs Alero Onosode of the NCCF DSWG said the oil and gas industry was technical capital intensive and of high risk adding that women should leverage the opportunities by being always resilient and prepared Onosode said women were making significant progress in the industry especially with the appointment of Sen Chuba Okadigbo as the NNPC board chairman and Mrs Elohor Aiboni as the Managing Director of Shell Nigeria Exploration and Production Company Source NAN
    FG promoting women inclusion in oil, gas industry – Sylva
     Minister of State for Petroleum Resources Chief Timipre Sylva says the Federal Government has been deliberately implementing gender friendly policies that will promote women inclusion in the oil and gas industry Sylva spoke on Tuesday in Lagos at the 2022 Nigerian Women in Oil and Gas Conference organised by the Nigerian Content Consultative Forum NCCF Diversity Sectoral Working Group DSWG The News Agency of Nigeria reports that the conference had as its theme Leveraging Opportunities for Women in the Oil and Gas Industry He said although women made up 48 per cent of the global work force they only accounted for 22 per cent of the labour force in the oil and gas sector However the Nigerian government has been deliberate in gender friendly policies This is aimed at increasing access to funding award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry This government through its Nigerian Content Development and Monitoring Board NCDMB Nigerian Export Import Bank NEXIM partnership has rolled out a 40 million dollar fund to empower women in the oil industry This is separate from the 300 million dollar Nigerian Content Initiative NCI Fund which is equally available to women and men who meet the criteria Sylva said The minister stated that the industry played a pivotal role in the socio economic development of the world and would continue to play this key role in spite of the growing call for energy transition According to him harnessing the natural endowment strength intuition knowledge and expertise of women for the growth of the industry has become a fundamental truth He noted that women needed one another to survive the realities of the sector whether locally or internationally The minister said It is estimated that women occupy about 50 per cent of non technical positions at entry level compared to only 15 per cent of technical and field role positions Gender diversity and inclusion decreases with seniority There is only a tiny proportion of women in executive positions The percentage of women in the industry drops over time from 36 per cent to 24 per cent between the middle and executive level a recent study by Global Energy Talent Index Report has indicated He therefore urged the various women groups in the sector to work together in championing the course of women in the industry Also Executive Secretary NCDMB Mr Simbi Wabote said the enactment of the Petroleum Industry Act 2021 had created several opportunities that could be leveraged to increase the participation of women in the sector Wabote said they included administration of the various Trusts and Funds contained in the Act opportunities in National Gas Expansion Programme and the almost completed Industrial Parks in Bayelsa and Cross River On her part Chairman Board of Directors Nigerian National Petroleum Company NNPC Ltd Sen Margery Chuba Okadigbo said it was imperative for more women to participate in the oil and gas space because of its significant contribution to the economy She therefore urged the leadership of the NCDMB to consider replicating the board s Project 100 Companies by creating a model exclusively for women owned Nigerian companies Earlier Mrs Mrs Alero Onosode of the NCCF DSWG said the oil and gas industry was technical capital intensive and of high risk adding that women should leverage the opportunities by being always resilient and prepared Onosode said women were making significant progress in the industry especially with the appointment of Sen Chuba Okadigbo as the NNPC board chairman and Mrs Elohor Aiboni as the Managing Director of Shell Nigeria Exploration and Production Company Source NAN
    FG promoting women inclusion in oil, gas industry – Sylva
    General news4 months ago

    FG promoting women inclusion in oil, gas industry – Sylva

    Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has been deliberately implementing gender-friendly policies that will promote women inclusion in the oil and gas industry.

    Sylva spoke on Tuesday in Lagos at the 2022 Nigerian Women in Oil and Gas Conference organised by the Nigerian Content Consultative Forum (NCCF) Diversity Sectoral Working Group (DSWG).

    The News Agency of Nigeria reports that the conference had as its theme: “Leveraging Opportunities for Women in the Oil and Gas Industry.”

    He said although women made up 48 per cent of the global work force, they only accounted for 22 per cent of the labour force in the oil and gas sector.

    “However, the Nigerian government has been deliberate in gender-friendly policies.

    “This is aimed at increasing access to funding, award of contracts and support for research and development in the interest of women operators in the Nigerian oil and gas industry.

    “This government, through its Nigerian Content Development and Monitoring Board (NCDMB) – Nigerian Export-Import Bank (NEXIM) partnership, has rolled out a 40 million dollar fund to empower women in the oil industry.

    “This is separate from the 300 million dollar Nigerian Content Initiative (NCI) Fund, which is equally available to women (and men) who meet the criteria,” Sylva said.

    The minister stated that the industry played a pivotal role in the socio-economic development of the world and would continue to play this key role in spite of the growing call for energy transition.

    According to him, harnessing the natural endowment, strength, intuition, knowledge and expertise of women for the growth of the industry has become a fundamental truth.

    He noted that women needed one another to survive the realities of the sector, whether locally or internationally.

    The minister said: “It is estimated that women occupy about 50 per cent of non-technical positions at entry level compared to only 15 per cent of technical and field role positions.

    “Gender diversity and inclusion decreases with seniority. There is only a tiny proportion of women in executive positions.

    “The percentage of women in the industry drops over time from 36 per cent to 24 per cent between the middle and executive level, a recent study

    by Global Energy Talent Index Report has indicated.”

    He, therefore, urged the various women groups in the sector to work together in championing the course of women in the industry.

    Also, Executive Secretary, NCDMB, Mr Simbi Wabote, said the enactment of the Petroleum Industry Act 2021 had created several opportunities that could be leveraged to increase the participation of women in the sector.

    Wabote said they included administration of the various Trusts and Funds contained in the Act, opportunities in National Gas Expansion Programme and the almost completed Industrial Parks in Bayelsa and Cross River.

    On her part, Chairman, Board of Directors, Nigerian National Petroleum Company (NNPC) Ltd., Sen. Margery Chuba-Okadigbo, said it was imperative for more women to participate in the oil and gas space because of its significant contribution to the economy.

    She, therefore, urged the leadership of the NCDMB to consider replicating the board’s Project 100 Companies by creating a model exclusively for women-owned Nigerian companies.

    Earlier, Mrs Mrs Alero Onosode of the NCCF DSWG said the oil and gas industry was technical, capital intensive and of high risk, adding that women should leverage the opportunities by being always resilient and prepared.

    Onosode said women were making significant progress in the industry, especially with the appointment of Sen. Chuba-Okadigbo as the NNPC board chairman and Mrs Elohor Aiboni as the Managing Director of Shell Nigeria Exploration and Production Company. (

    Source: NAN

  •  The Federal Government says works on Section II of the ongoing dual carriage way of Suleja Minna road and the Agaei Baro road will be completed between January and May 2023 Mr Folorunsho Esan the Director Highways Construction and Rehabilitation Federal Ministry of Works and Housing FMWH gave the assurance during an assessment inspection of the roads The Director Press and Public Relations FMWH Mrs Blessing Lere Adams made this known in a statement on Wednesday in Abuja According to him both roads are being funded by the Nigerian National Petroleum Corporation NNPC under the Tax Credit Scheme introduced by the Federal Government We can see the various aspects of work the earthwork the pavement work and even the asphalt laying is going on smoothly the only challenge is that of security but it is being taken care of with the presence of security agents The 52km Agaei Baro Port road which connects the Lambata Bida highway is progressing and asphalt has been poured on the 14 km Earthwork is up to 32 km and the rest which is about 18km is still outstanding but we have the assurance that the work will be delivered on target Esan said The director said the road when completed would boost the economy of the nation and the North Central region in particular as it leads to the Baro Port through which goods and services would be brought into the country and exported to other countries Team Leader of the Nigeria National Petroleum Corporation NNPC Mr Tahir Ahmed who took part in the inspection exercise to assess the quality and progress of work also expressed satisfaction with the work done so far He said NNPC was funding the construction of the roads under the Tax Credit Scheme of the Federal Government which allows corporate organisations to invest the tax that would have been paid to it into infrastructure development He said that the work would aid the progress of their businesses the economy and improve the wellbeing of Nigerians Ahmed said that the roads were among the other critical roads selected to be funded by the NNPC because of their importance to the economy as petroleum products were conveyed to other parts of the country through it The contractors working on the sites expressed confidence that the projects would be completed and delivered on target as funding was readily available Some residents of Takalafiya community along Lapai Bida road who recalled the hardship and accidents that were experienced on those roads praised the Federal Government for the job Muhammed Abdullahi said we used to see different kinds of accidents on this road now that they are reconstructing the road we are very happy because we are satisfied with the work going on Another resident of the area Abdullahi Audu said we were facing problems on this road but now we have started having some relief because the people working on the road are trying seriously Driving from here to Lambata is done with ease before it will take up to two hours or more but now it will take only about 30 minutes Federal Government is trying and we are happy he said NAN
    Suleja-Minna, Agaei-Baro roads for completion May 2023 – FG
     The Federal Government says works on Section II of the ongoing dual carriage way of Suleja Minna road and the Agaei Baro road will be completed between January and May 2023 Mr Folorunsho Esan the Director Highways Construction and Rehabilitation Federal Ministry of Works and Housing FMWH gave the assurance during an assessment inspection of the roads The Director Press and Public Relations FMWH Mrs Blessing Lere Adams made this known in a statement on Wednesday in Abuja According to him both roads are being funded by the Nigerian National Petroleum Corporation NNPC under the Tax Credit Scheme introduced by the Federal Government We can see the various aspects of work the earthwork the pavement work and even the asphalt laying is going on smoothly the only challenge is that of security but it is being taken care of with the presence of security agents The 52km Agaei Baro Port road which connects the Lambata Bida highway is progressing and asphalt has been poured on the 14 km Earthwork is up to 32 km and the rest which is about 18km is still outstanding but we have the assurance that the work will be delivered on target Esan said The director said the road when completed would boost the economy of the nation and the North Central region in particular as it leads to the Baro Port through which goods and services would be brought into the country and exported to other countries Team Leader of the Nigeria National Petroleum Corporation NNPC Mr Tahir Ahmed who took part in the inspection exercise to assess the quality and progress of work also expressed satisfaction with the work done so far He said NNPC was funding the construction of the roads under the Tax Credit Scheme of the Federal Government which allows corporate organisations to invest the tax that would have been paid to it into infrastructure development He said that the work would aid the progress of their businesses the economy and improve the wellbeing of Nigerians Ahmed said that the roads were among the other critical roads selected to be funded by the NNPC because of their importance to the economy as petroleum products were conveyed to other parts of the country through it The contractors working on the sites expressed confidence that the projects would be completed and delivered on target as funding was readily available Some residents of Takalafiya community along Lapai Bida road who recalled the hardship and accidents that were experienced on those roads praised the Federal Government for the job Muhammed Abdullahi said we used to see different kinds of accidents on this road now that they are reconstructing the road we are very happy because we are satisfied with the work going on Another resident of the area Abdullahi Audu said we were facing problems on this road but now we have started having some relief because the people working on the road are trying seriously Driving from here to Lambata is done with ease before it will take up to two hours or more but now it will take only about 30 minutes Federal Government is trying and we are happy he said NAN
    Suleja-Minna, Agaei-Baro roads for completion May 2023 – FG
    General news4 months ago

    Suleja-Minna, Agaei-Baro roads for completion May 2023 – FG

    The Federal Government says  works on Section II of the ongoing dual carriage way of Suleja – Minna road and the Agaei – Baro road will be completed between January  and May 2023.

    Mr Folorunsho Esan, the Director Highways Construction and Rehabilitation, Federal Ministry of Works and Housing (FMWH), gave the assurance during an assessment inspection of the roads.

    The Director, Press and Public Relations, FMWH, Mrs Blessing Lere-Adams made this known in a statement on Wednesday in Abuja.

    According to him, both roads are being funded by the Nigerian National Petroleum Corporation (NNPC) under the Tax Credit Scheme introduced by the Federal Government.

    “We can see the various aspects of work, the earthwork, the pavement work and even the asphalt laying is going on smoothly, the only challenge is that of security but it is being taken care of with the presence of security agents.

    “The 52km Agaei-Baro Port road, which connects the Lambata-Bida highway is progressing and asphalt has been poured on the 14 km.

    “Earthwork is up to 32 km and the rest which is about 18km is still outstanding but we have the assurance that the work will be delivered on target,” Esan said.

    The director said the road when completed would boost the economy of the nation and the North Central region in particular as it leads to the Baro Port through which goods and services would be brought into the country and exported to other countries.

    Team Leader of the Nigeria National Petroleum Corporation, NNPC, Mr Tahir Ahmed, who took part in the inspection exercise to assess the quality and progress of work, also expressed satisfaction with the work done so far.

    He said NNPC was funding the construction of the roads under the Tax Credit Scheme of the Federal Government which allows corporate organisations to invest the tax that would have been paid to it into infrastructure development.

    He said that the work would aid the progress of their businesses, the economy and improve the wellbeing of Nigerians.

    Ahmed said that the roads were among the other critical roads selected to be funded by the NNPC because of their importance to the economy as petroleum products were conveyed to other parts of the country through it.

    The contractors working on the sites expressed confidence that the projects would be completed and delivered on target as funding was readily available.

    Some residents of Takalafiya community along Lapai – Bida road who recalled the hardship and accidents that were experienced on those roads, praised the Federal Government for the job.

    Muhammed Abdullahi said “we used to see different kinds of accidents on this road, now that they are reconstructing the road we are very happy because we are satisfied with the work going on.’’

    Another resident of the area, Abdullahi Audu said “we were facing problems on this road but now we have started having some relief because the people working on the road are trying seriously.

    “Driving from here to Lambata is done with ease, before it will take up to two hours or more but now it will take only about 30 minutes.

    “Federal Government is trying and we are happy,” he said.


    (NAN)

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

    Steps to changing Nigeria by Buhari Administration at 7

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

    (NAN)

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

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

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

    (NAN)

  •  The Nigerian National Petroleum Company Limited NNPC Ltd started its activities for the new week with a meeting with major marketers of petroleum products in the nation s downstream sector The aim of the meeting was to grow a strong determination to sustain energy security for the country and avoid diversion of petroleum products The meeting which held at the NNPC Towers Abuja had in attendance the Major Oil Marketers Association of Nigeria MOMAN the Depot and Petroleum Products Marketers Association of Nigeria DAPPMAN and Independent Marketers on the need to curb products diversion The Group Executive Director Downstream who was represented by the Managing Director MD Petroleum Products Marketing Company PPMC Mr Isiyaku Abdullahi said that NNPC as the sole importer of petroleum products was in a critical situation that required the solid cooperation of the marketers to sustain product availability to Nigerians and reduce burden of high evacuation costs on government in terms of under recovery Abdullahi said that the company was concerned that in spite of the high truck out of Premium Motor Spirit PMS from depots across the country the market was still experiencing shortfalls noting that diversion of products had been identified as a likely reason for the gap He appealed to the marketers to activate the Corporate Social Responsibility CSR component of their businesses to support both the Federal Government and the NNPC in sustaining energy security for Nigeria Abdullahi stressed that such gesture would help in cushioning the effect of the current global energy crisis On his part the Executive Secretary of MOMAN Mr Clement Isong said that NNPC was playing a key role in keeping the country well supplied in terms of petroleum products especially at a critical time when the world faced inflationary problems Speaking in a similar vein the Executive Secretary of DAPPMAN Mr Clement Isong expressed satisfaction with the outcome of the meeting assuring that DAPPMAN as a responsible organisation is committed to ensuring efficient supply and distribution of petroleum products across the country NAN
    NNPC Weekly: Plans to end petroleum products diversion begin
     The Nigerian National Petroleum Company Limited NNPC Ltd started its activities for the new week with a meeting with major marketers of petroleum products in the nation s downstream sector The aim of the meeting was to grow a strong determination to sustain energy security for the country and avoid diversion of petroleum products The meeting which held at the NNPC Towers Abuja had in attendance the Major Oil Marketers Association of Nigeria MOMAN the Depot and Petroleum Products Marketers Association of Nigeria DAPPMAN and Independent Marketers on the need to curb products diversion The Group Executive Director Downstream who was represented by the Managing Director MD Petroleum Products Marketing Company PPMC Mr Isiyaku Abdullahi said that NNPC as the sole importer of petroleum products was in a critical situation that required the solid cooperation of the marketers to sustain product availability to Nigerians and reduce burden of high evacuation costs on government in terms of under recovery Abdullahi said that the company was concerned that in spite of the high truck out of Premium Motor Spirit PMS from depots across the country the market was still experiencing shortfalls noting that diversion of products had been identified as a likely reason for the gap He appealed to the marketers to activate the Corporate Social Responsibility CSR component of their businesses to support both the Federal Government and the NNPC in sustaining energy security for Nigeria Abdullahi stressed that such gesture would help in cushioning the effect of the current global energy crisis On his part the Executive Secretary of MOMAN Mr Clement Isong said that NNPC was playing a key role in keeping the country well supplied in terms of petroleum products especially at a critical time when the world faced inflationary problems Speaking in a similar vein the Executive Secretary of DAPPMAN Mr Clement Isong expressed satisfaction with the outcome of the meeting assuring that DAPPMAN as a responsible organisation is committed to ensuring efficient supply and distribution of petroleum products across the country NAN
    NNPC Weekly: Plans to end petroleum products diversion begin
    General news4 months ago

    NNPC Weekly: Plans to end petroleum products diversion begin

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the new week with a meeting with major marketers of petroleum products in the nation’s downstream sector.

    The aim of the meeting was to grow a strong determination to sustain energy security for the country and avoid diversion of petroleum products.

    The meeting which held at the NNPC Towers, Abuja, had in attendance the Major Oil Marketers Association of Nigeria (MOMAN), the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Independent Marketers, on the need to curb products diversion.

    The Group Executive Director, Downstream who was represented by the Managing Director (MD), Petroleum Products Marketing Company (PPMC), Mr Isiyaku Abdullahi, said that NNPC as the sole importer of petroleum products was in a critical situation that required the solid cooperation of the marketers to sustain product availability to Nigerians and reduce burden of high evacuation costs on government in terms of under-recovery.

    Abdullahi said that the company was concerned that in spite of the high truck-out of Premium Motor Spirit (PMS) from depots across the country, the market was still experiencing shortfalls, noting that diversion of products had been identified as a likely reason for the gap.

    He appealed to the marketers to activate the Corporate Social Responsibility (CSR) component of their businesses to support both the Federal Government and the NNPC in sustaining energy security for Nigeria.

    Abdullahi stressed that such gesture would help in cushioning the effect of the current global energy crisis.

    On his part, the Executive Secretary of MOMAN, Mr Clement Isong, said that NNPC was playing a key role in keeping the country well supplied in terms of petroleum products, especially at a critical time when the world faced inflationary problems.

    Speaking in a similar vein, the Executive Secretary of DAPPMAN, Mr Clement Isong, expressed satisfaction with the outcome of the meeting, assuring that DAPPMAN as a responsible organisation is committed to ensuring efficient supply and distribution of petroleum products across the country.

    (NAN)

  •  Alhaji Aliko Dangote President Dangote Group has said the coming on stream of the Dangote Petroleum Refinery would expose Nigeria s midstream and downstream sectors to the international markets Dangote said the refinery being constructed in Ibeju Lekki Lagos would guarantee availability of high quality environmentally compliant products in Nigeria regional markets in West Africa Southern Africa and inter continental markets A statement issued by Mr Tony Chiejina Director Corporate Communications Department Dangote Group on Sunday said he spoke at the 2022 Nigerian Content Midstream and Downstream Oil and Gas Summit which held recently in Lagos The statement said Dangote was represented by Mr Babajide Soyode Technical Consultant Dangote Industries Ltd He said the 650 000bpd refinery would promote competition of local refining in Africa by encouraging existing large refineries to upscale which would result in surplus products for exports Dangote Petroleum Refinery will guarantee adequate fuels production for domestic consumption and availability of excess products for export which will help to stabilise our domestic currency It will lead to upgrading and expansion of Nigerian National Petroleum Company Ltd refineries and promotion of prospects of Nigeria s transformation to a regional refining hub Dangote said He emphasised the need for the Federal Government to invest more on quality infrastructure to reduce importation of refinery equipment that would ordinarily be sourced in Nigeria Dangote noted that the development of specific sustainable equipment manufacturing and services should be the focus of the Nigerian Content Development and Monitoring Board and the Federal Government Funding of a project should be to ensure that substantial part of the product plant must be of Nigerian origin the same applies to goods and services Government should ensure a single digit tax regime to encourage investment in the downstream sector he added Also the Executive Secretary NCDMB Mr Simbi Wabote reiterated the government s target to increase domestic refining capacity to 1 4 million barrels per day in the next five years Wabote said this was being done by rehabilitating the existing four national refineries and providing strategic support for setting up private owned Greenfield and modular refineries in the country Combined refining capacity of more than 1 4mbpd is expected from these focus areas within the next five years About 400 000bpd is expected from the rehabilitation of NNPC refineries in Port Harcourt Warri and Kaduna using target performance of not less than 90 per cent of nameplate capacity The greenfield element of the roadmap covers the 650 000bpd Dangote Refinery in Lagos and the 200 000bpd BUA Refinery in Akwa Ibom said Wabote On his part the Chief Executive Officer Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA Mr Farouk Ahmed said there were huge opportunities in the oil and gas value chain Ahmed represented by Mr Francis Ogaree Executive Director Hydrocarbon Processing Plants Installations and Transportation Infrastructure NMDPRA said the authority would continue to enable business in the sector He said the enactment of the Petroleum Industry Act PIA had introduced a governance framework for the industry with clear delineation of roles between regulation and profit centric business units Ahmed noted that the Act contained fiscal incentives to attract investment in gas development and local refining NAN
    Dangote Refinery will expose Nigeria’s midstream, downstream sectors to international markets – Dangote
     Alhaji Aliko Dangote President Dangote Group has said the coming on stream of the Dangote Petroleum Refinery would expose Nigeria s midstream and downstream sectors to the international markets Dangote said the refinery being constructed in Ibeju Lekki Lagos would guarantee availability of high quality environmentally compliant products in Nigeria regional markets in West Africa Southern Africa and inter continental markets A statement issued by Mr Tony Chiejina Director Corporate Communications Department Dangote Group on Sunday said he spoke at the 2022 Nigerian Content Midstream and Downstream Oil and Gas Summit which held recently in Lagos The statement said Dangote was represented by Mr Babajide Soyode Technical Consultant Dangote Industries Ltd He said the 650 000bpd refinery would promote competition of local refining in Africa by encouraging existing large refineries to upscale which would result in surplus products for exports Dangote Petroleum Refinery will guarantee adequate fuels production for domestic consumption and availability of excess products for export which will help to stabilise our domestic currency It will lead to upgrading and expansion of Nigerian National Petroleum Company Ltd refineries and promotion of prospects of Nigeria s transformation to a regional refining hub Dangote said He emphasised the need for the Federal Government to invest more on quality infrastructure to reduce importation of refinery equipment that would ordinarily be sourced in Nigeria Dangote noted that the development of specific sustainable equipment manufacturing and services should be the focus of the Nigerian Content Development and Monitoring Board and the Federal Government Funding of a project should be to ensure that substantial part of the product plant must be of Nigerian origin the same applies to goods and services Government should ensure a single digit tax regime to encourage investment in the downstream sector he added Also the Executive Secretary NCDMB Mr Simbi Wabote reiterated the government s target to increase domestic refining capacity to 1 4 million barrels per day in the next five years Wabote said this was being done by rehabilitating the existing four national refineries and providing strategic support for setting up private owned Greenfield and modular refineries in the country Combined refining capacity of more than 1 4mbpd is expected from these focus areas within the next five years About 400 000bpd is expected from the rehabilitation of NNPC refineries in Port Harcourt Warri and Kaduna using target performance of not less than 90 per cent of nameplate capacity The greenfield element of the roadmap covers the 650 000bpd Dangote Refinery in Lagos and the 200 000bpd BUA Refinery in Akwa Ibom said Wabote On his part the Chief Executive Officer Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA Mr Farouk Ahmed said there were huge opportunities in the oil and gas value chain Ahmed represented by Mr Francis Ogaree Executive Director Hydrocarbon Processing Plants Installations and Transportation Infrastructure NMDPRA said the authority would continue to enable business in the sector He said the enactment of the Petroleum Industry Act PIA had introduced a governance framework for the industry with clear delineation of roles between regulation and profit centric business units Ahmed noted that the Act contained fiscal incentives to attract investment in gas development and local refining NAN
    Dangote Refinery will expose Nigeria’s midstream, downstream sectors to international markets – Dangote
    General news4 months ago

    Dangote Refinery will expose Nigeria’s midstream, downstream sectors to international markets – Dangote

    Alhaji Aliko Dangote, President, Dangote Group, has said the coming on stream of the Dangote Petroleum Refinery would expose Nigeria’s midstream and downstream sectors to the international markets.

    Dangote said the refinery being constructed in Ibeju-Lekki, Lagos would

    guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets.

    A statement issued by Mr Tony Chiejina, Director, Corporate Communications Department, Dangote Group on Sunday, said he spoke at the 2022 Nigerian Content Midstream and Downstream Oil and Gas Summit which held recently in Lagos.

    The statement said Dangote was represented by Mr Babajide Soyode,

    Technical Consultant, Dangote Industries Ltd.

    He said the 650,000bpd refinery would promote competition of local refining in Africa by encouraging existing large refineries to upscale, which would result in surplus products for exports.

    “Dangote Petroleum Refinery will guarantee adequate fuels production for domestic consumption and availability of excess products for export which will help to stabilise our domestic currency.

    “It will lead to upgrading and expansion of Nigerian National Petroleum Company Ltd. refineries and promotion of prospects of Nigeria’s transformation to a regional refining hub,” Dangote said.

    He emphasised the need for the Federal Government to invest more on quality infrastructure to reduce importation of refinery equipment that would ordinarily be sourced in Nigeria.

    Dangote noted that the development of specific, sustainable equipment manufacturing and services should be the focus of the Nigerian Content Development and Monitoring Board and the Federal Government.

    “Funding of a project should be to ensure that substantial part of the product plant must be of Nigerian origin; the same applies to goods and services.

    “Government should ensure a single digit tax regime to encourage investment in the downstream sector,” he added.

    Also, the Executive Secretary, NCDMB, Mr Simbi Wabote, reiterated the government’s target to increase domestic refining capacity to 1.4 million barrels per day in the next five years.

    Wabote said this was being done by rehabilitating the existing four national refineries and providing strategic support for setting up private-owned Greenfield and modular refineries in the country.

    “Combined refining capacity of more than 1.4mbpd is expected from these focus areas within the next five years.

    “About 400,000bpd is expected from the rehabilitation of NNPC refineries in Port Harcourt, Warri, and Kaduna using target performance of not less than 90 per cent of nameplate capacity.

    “The greenfield element of the roadmap covers the 650,000bpd Dangote Refinery in Lagos and the 200,000bpd BUA Refinery in Akwa Ibom,” said Wabote.

    On his part, the Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, said there were huge opportunities in the oil and gas value chain.

    Ahmed, represented by Mr Francis Ogaree, Executive Director, Hydrocarbon Processing Plants, Installations and Transportation Infrastructure, NMDPRA, said the authority would continue to enable business in the sector.

    He said the enactment of the Petroleum Industry Act (PIA) had introduced a governance framework for the industry with clear delineation of roles between regulation and profit-centric business units.

    Ahmed noted that the Act contained fiscal incentives to attract investment in gas development and local refining. (

    (NAN)

  •  Activities for the week at the Nigerian National Petroleum Company Limited NNPC Ltd started with a cheering news that President Muhammadu Buhari will unveil the new NNPC on July 18 This was disclosed within the week by the Group Managing Executive Officer of NNPC Malam Mele Kyari at the opening ceremony of the 8th African Petroleum Congress and Exhibition CAPE VIII which held in Luanda Angola Kyari said the unveiling was in furtherance of the implementation of Section 53 1 of the Petroleum Industry Act which provides for the establishment of a new corporate entity known as NNPC Ltd Delivering a goodwill message at the conference the GMD highlighted the revolution currently taking place in the Nigerian oil and gas industry through the implementation of the PIA He called on the industry leaders and other participants at the conference to join him and the NNPC family for the unveiling of the new NNPC He said the CAPE VIII was coming at a time when the world stood between the challenge of energy security and the necessity for energy transition in the context of energy justice Kyari stressed that there was need for all stakeholders to find amicable solutions to the challenges facing the sector NAN
    NNPC Weekly: High expectations as Buhari unveils new NNPC
     Activities for the week at the Nigerian National Petroleum Company Limited NNPC Ltd started with a cheering news that President Muhammadu Buhari will unveil the new NNPC on July 18 This was disclosed within the week by the Group Managing Executive Officer of NNPC Malam Mele Kyari at the opening ceremony of the 8th African Petroleum Congress and Exhibition CAPE VIII which held in Luanda Angola Kyari said the unveiling was in furtherance of the implementation of Section 53 1 of the Petroleum Industry Act which provides for the establishment of a new corporate entity known as NNPC Ltd Delivering a goodwill message at the conference the GMD highlighted the revolution currently taking place in the Nigerian oil and gas industry through the implementation of the PIA He called on the industry leaders and other participants at the conference to join him and the NNPC family for the unveiling of the new NNPC He said the CAPE VIII was coming at a time when the world stood between the challenge of energy security and the necessity for energy transition in the context of energy justice Kyari stressed that there was need for all stakeholders to find amicable solutions to the challenges facing the sector NAN
    NNPC Weekly: High expectations as Buhari unveils new NNPC
    General news5 months ago

    NNPC Weekly: High expectations as Buhari unveils new NNPC

    Activities for the week at the Nigerian National Petroleum Company Limited (NNPC Ltd), started with a cheering news that President Muhammadu Buhari will unveil the new NNPC on July 18.

    This was disclosed within the week by the Group Managing Executive Officer of NNPC, Malam Mele Kyari, at the opening ceremony of the 8th African Petroleum Congress and Exhibition (CAPE VIII) which held in Luanda, Angola.

    Kyari said the unveiling was in furtherance of the implementation of Section 53(1) of the Petroleum Industry Act which provides for the establishment of a new corporate entity known as NNPC Ltd.

    Delivering a goodwill message at the conference, the GMD highlighted the revolution currently taking place in the Nigerian oil and gas industry through the implementation of the PIA.

    He called on the industry leaders and other participants at the conference to join him and the NNPC family for the unveiling of the new NNPC.

    He said the CAPE VIII was coming at a time when the world stood between the challenge of energy security and the necessity for energy transition in the context of energy justice.

    Kyari stressed that there was need for all stakeholders to find amicable solutions to the challenges facing the sector.

    (NAN)

  •  Seplat Energy Plc has recorded a pre tax profit of 177 million dollars for the year ended December 2021 The amount is 321 per cent higher than the 80 million dollars recorded by the company which is listed on the Nigerian Exchange and the London Stock Exchange in 2020 Mr Roger Brown Chief Executive Officer Seplat Energy Plc made the announcement while speaking with newsmen after the 9th Annual General Meeting of the company on Wednesday in Lagos Brown said Seplat s revenue increased by 38 per cent to 733 million dollars in 2021 when compared with 531 million dollars in the 2020 financial year He said the company made 618 4 million dollars from oil sales while 114 8 million dollars revenue was made from gas in 2021 According to him oil revenues went up on higher price of 70 54 dollars per barrel in 2021 compared to the 39 95 dollars per barrel it was sold in 2020 as a result of the COVID 19 pandemic Brown said the board also agreed on the payment of dividends at 10 cents per share for its shareholders which would be paid quarterly So the company has bounced back from 2020 It is in a strong footing going forward and the circumstances show that we are having a better result going into 2022 he said Brown also noted that the ongoing conflict between Russia and Ukraine had provided Nigeria with a unique opportunity to take its gas into the European market He however said Seplat remained committed to meeting the domestic gas needs of the country in order to reduce lack of access to energy which was critical to development Also Dr ABC Orjiako outgoing Board Chairman Seplat Energy Plc said the company would continue to make massive investments to grow its oil and gas production and reserves Orjiako said Seplat had paid over 2 billion dollars in taxes and royalties to the federal government and had also paid about 12 billion dollars to its production partners including the Nigerian National Petroleum Company NNPC Ltd He said the 700 million dollar ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo was nearing completion He said the project which would produce about 300 MMscfd reinforced Seplat s commitment towards its leading position in the transition to a cleaner source of energy while providing sustainable development to its host communities Orjiako said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth He also provided update on Seplat s recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited MPNU from ExxonMobil Corporation Delaware United States of America Orjiako said the company was currently engaging the government and its partners to obtain the needed consent to finalise the deal Commenting on the recent launch of Seplat Energy Tree 4 Life Initiative in Abuja he said the project would be piloted in five states with the goal of planting one million trees annually for the first five years He said Environmental sustainability is critical to our operations The climate change situation needs to be mitigate and that is why we took up this initiative We are also targeting to take out flares in our operations by 2024 six years ahead of the time frame of 2030 set by the Federal Government NAN
    Seplat posts 7m pre-tax profit for 2021
     Seplat Energy Plc has recorded a pre tax profit of 177 million dollars for the year ended December 2021 The amount is 321 per cent higher than the 80 million dollars recorded by the company which is listed on the Nigerian Exchange and the London Stock Exchange in 2020 Mr Roger Brown Chief Executive Officer Seplat Energy Plc made the announcement while speaking with newsmen after the 9th Annual General Meeting of the company on Wednesday in Lagos Brown said Seplat s revenue increased by 38 per cent to 733 million dollars in 2021 when compared with 531 million dollars in the 2020 financial year He said the company made 618 4 million dollars from oil sales while 114 8 million dollars revenue was made from gas in 2021 According to him oil revenues went up on higher price of 70 54 dollars per barrel in 2021 compared to the 39 95 dollars per barrel it was sold in 2020 as a result of the COVID 19 pandemic Brown said the board also agreed on the payment of dividends at 10 cents per share for its shareholders which would be paid quarterly So the company has bounced back from 2020 It is in a strong footing going forward and the circumstances show that we are having a better result going into 2022 he said Brown also noted that the ongoing conflict between Russia and Ukraine had provided Nigeria with a unique opportunity to take its gas into the European market He however said Seplat remained committed to meeting the domestic gas needs of the country in order to reduce lack of access to energy which was critical to development Also Dr ABC Orjiako outgoing Board Chairman Seplat Energy Plc said the company would continue to make massive investments to grow its oil and gas production and reserves Orjiako said Seplat had paid over 2 billion dollars in taxes and royalties to the federal government and had also paid about 12 billion dollars to its production partners including the Nigerian National Petroleum Company NNPC Ltd He said the 700 million dollar ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo was nearing completion He said the project which would produce about 300 MMscfd reinforced Seplat s commitment towards its leading position in the transition to a cleaner source of energy while providing sustainable development to its host communities Orjiako said the project when completed would provide gas to boost the much needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth He also provided update on Seplat s recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited MPNU from ExxonMobil Corporation Delaware United States of America Orjiako said the company was currently engaging the government and its partners to obtain the needed consent to finalise the deal Commenting on the recent launch of Seplat Energy Tree 4 Life Initiative in Abuja he said the project would be piloted in five states with the goal of planting one million trees annually for the first five years He said Environmental sustainability is critical to our operations The climate change situation needs to be mitigate and that is why we took up this initiative We are also targeting to take out flares in our operations by 2024 six years ahead of the time frame of 2030 set by the Federal Government NAN
    Seplat posts 7m pre-tax profit for 2021
    General news5 months ago

    Seplat posts $177m pre-tax profit for 2021

    Seplat Energy Plc has recorded a pre-tax profit of 177 million dollars for the year ended December 2021.

    The amount is 321 per cent higher than the 80 million dollars recorded by the company, which is listed on the Nigerian Exchange and the London Stock Exchange, in 2020.

    Mr Roger Brown, Chief Executive Officer, Seplat Energy Plc, made the announcement while speaking with newsmen after the 9th Annual General Meeting of the company on Wednesday in Lagos.

    Brown said Seplat’s revenue increased by 38 per cent to 733 million dollars in 2021 when compared with 531 million dollars in the 2020 financial year.

    He said the company made 618.4 million dollars from oil sales while 114.8 million dollars revenue was made from gas in 2021.

    According to him, oil revenues went up on higher price of 70.54 dollars per barrel in 2021 compared to the 39.95 dollars per barrel it was sold in 2020 as a result of the COVID-19 pandemic.

    Brown said the board also agreed on the payment of dividends at 10 cents per share for its shareholders, which would be paid quarterly.

    “So, the company has bounced back from 2020. It is in a strong footing going forward and the circumstances show that we are having a better result going into 2022,” he said.

    Brown also noted that the ongoing conflict between Russia and Ukraine had provided Nigeria with a unique opportunity to take its gas into the European market.

    He, however, said Seplat remained committed to meeting the domestic gas needs of the country in order to reduce lack of access to energy, which was critical to development.

    Also, Dr ABC Orjiako, outgoing Board Chairman, Seplat Energy Plc, said the company would continue to make massive investments to grow its oil and gas production and reserves.

    Orjiako said Seplat had paid over 2 billion dollars in taxes and royalties to the federal government and had also paid about 12 billion dollars to its production partners, including the Nigerian National Petroleum Company (NNPC) Ltd.

    He said the 700 million dollar ANOH Gas Processing Company, being constructed by Seplat and the NNPC at Asaa, in Imo, was nearing completion.

    He said the project, which would produce about 300 MMscfd, reinforced Seplat’s commitment towards its leading position in the transition to a cleaner source of energy, while providing sustainable development to its host communities.

    Orjiako said the project, when completed, would provide gas to boost the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth.

    He also provided update on Seplat’s recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America.

    Orjiako said the company was currently engaging the government and its partners to obtain the needed consent to finalise the deal.

    Commenting on the recent launch of `Seplat Energy Tree 4 Life Initiative’ in Abuja, he said the project would be piloted in five states with the goal of planting one million trees annually for the first five years.

    He said: “Environmental sustainability is critical to our operations. The climate change situation needs to be mitigate, and that is why we took up this initiative.

    “We are also targeting to take out flares in our operations by 2024, six years ahead of the time frame of 2030 set by the Federal Government.”

    (NAN)