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  •  The Nigeria Liquefied Natural Gas Ltd NL says it is evaluating a resolution by the Senate for the payment N18 4 billion compensation to 73 communities of Obiafu Soku to Bonny in Rivers Mr Andy Odeh General Manager External Relations and Sustainable Development made this known in a statement on Wednesday in Lagos The News Agency of Nigeria reports that the Senate had on Tuesday directed NLNG to pay the communities for acquiring their land The compensation they said is also for loss of use of the affected land to pipeline Rights of Way through the communities The lawmakers had directed that the payment should be made within 60 days The attention of NLNG has been drawn to a resolution said to have been passed by the Senate following the consideration of a report by its Committee on Ethics Privileges and Public Petitions This is sequel to a petition relating to compensation for the acquisition of a Right of Way across some communities NLNG is evaluating the resolution and circumstances surrounding it NLNG wishes to state that it has always conducted its business responsibly and in accordance with the laws of the Federal Republic of Nigeria including in this specific matter Odeh said Presenting the report the Committee chairman Sen Patrick Akinyelure said following its incorporation the NLNG acquired landed properties in Rivers spanning over 210 kilometres for use as its pipelines Right of Way Akinyelure said the landed properties ended at the export terminal of the NLNG in Finima Bonny Local Government of the state He said the payment made by NLNG covered only 39 communities and 73 individuals and families out of about 73 communities and over 200 families Akinyelure said that the families hitherto agrarian source of livelihood was negatively impacted by the said acquisition NewsSourceCredit NAN
    Compensation: NLNG evaluating senate’s resolution on host communities- Official
     The Nigeria Liquefied Natural Gas Ltd NL says it is evaluating a resolution by the Senate for the payment N18 4 billion compensation to 73 communities of Obiafu Soku to Bonny in Rivers Mr Andy Odeh General Manager External Relations and Sustainable Development made this known in a statement on Wednesday in Lagos The News Agency of Nigeria reports that the Senate had on Tuesday directed NLNG to pay the communities for acquiring their land The compensation they said is also for loss of use of the affected land to pipeline Rights of Way through the communities The lawmakers had directed that the payment should be made within 60 days The attention of NLNG has been drawn to a resolution said to have been passed by the Senate following the consideration of a report by its Committee on Ethics Privileges and Public Petitions This is sequel to a petition relating to compensation for the acquisition of a Right of Way across some communities NLNG is evaluating the resolution and circumstances surrounding it NLNG wishes to state that it has always conducted its business responsibly and in accordance with the laws of the Federal Republic of Nigeria including in this specific matter Odeh said Presenting the report the Committee chairman Sen Patrick Akinyelure said following its incorporation the NLNG acquired landed properties in Rivers spanning over 210 kilometres for use as its pipelines Right of Way Akinyelure said the landed properties ended at the export terminal of the NLNG in Finima Bonny Local Government of the state He said the payment made by NLNG covered only 39 communities and 73 individuals and families out of about 73 communities and over 200 families Akinyelure said that the families hitherto agrarian source of livelihood was negatively impacted by the said acquisition NewsSourceCredit NAN
    Compensation: NLNG evaluating senate’s resolution on host communities- Official
    General news2 months ago

    Compensation: NLNG evaluating senate’s resolution on host communities- Official

    The Nigeria Liquefied Natural Gas Ltd (NL says it is evaluating a resolution by the Senate for the payment N18.4 billion compensation to 73 communities of Obiafu, Soku to Bonny in Rivers.

    Mr Andy Odeh, General Manager, External Relations and Sustainable Development, made this known in a statement on Wednesday in Lagos.

    The News Agency of Nigeria reports that the Senate had on Tuesday directed NLNG to pay the communities for acquiring their land.

    The compensation, they said , is also for loss of use of the affected land to pipeline Rights of Way through the communities.

    The lawmakers had directed that the payment should be made within 60 days.

    “The attention of NLNG has been drawn to a resolution said to have been passed by the Senate, following the consideration of a report by its Committee on Ethics, Privileges and Public Petitions.

    ‘’(This is) sequel to a petition relating to compensation for the acquisition of a Right of Way across some communities.

    “NLNG is evaluating the resolution and circumstances surrounding it.

    ”NLNG wishes to state that it has always conducted its business responsibly and in accordance with the laws of the Federal Republic of Nigeria, including in this specific matter,” Odeh said.

    Presenting the report, the Committee chairman, Sen. Patrick Akinyelure, said following its incorporation, the NLNG acquired landed properties in Rivers spanning over 210 kilometres for use as its pipelines Right of Way. Akinyelure said the landed properties ended at the export terminal of the NLNG in Finima, Bonny Local Government of the state.

    He said the payment made by NLNG  covered only 39 communities and 73 individuals and families out of about 73 communities and over 200 families.

    Akinyelure said that the families’ hitherto agrarian source of livelihood was negatively impacted by the said acquisition.


    NewsSourceCredit: NAN

  •  As Nigeria mark 62nd Independence Anniversary some Nigerians have expressed joy over the infrastructure development in the country since independence A cross section of the respondents who spoke in Bauchi and Dutse described the Federal Government s commitment towards roads housing power and rail infrastructure development as commendable Mr Sabo Mohammed a political analyst in Bauchi State said the country witnessed massive progress in infrastructure development under President Mohammadu Buhari s administration He lauded the president for ensuring continuity of infrastructure development projects initiated by his predecessors He said the projects were designed to provide modern air sea rail and road transportation networks for ease of doing businesses reduce poverty creat jobs and enhance wealth creation Mohammed said that power and housing project initiatives would also address energy crisis enhance stable power supply and provide decent houses to tackle housing deficit in the country According to him the Buhari administration has executed about 5 000 kilometers of roads through the Presidential Infrastructure Development Fund and SUKUK Bond The gesture he said would encourage investment revamp industries and improved public service delivery to fast track sustainable social and economic development in the country He listed some of the projects to include the 2nd Niger Bridge Lagos Ibadan Expressway East West Road Abuja Kaduna Kano Expressway Gombe Yola Road Kano Maiduguri Expressway and Kirfi Gombe Road Mohammed said that some of the projects had been completed and inaugurated while others were at various stages of completion On rail sector Mohammed listed the Kaduna Abuja Lagos Kano Warri Itakpe Lagos Portharcourt standard gauge lines as well as Kano Maradi Rail line in Niger Republic In the energy sector he said the Federal Government initiated viable projects such as NLNG Train 7 Ajaokuta Kaduna Kano AKK pipeline project The AKK project on completion would saw an incremental 4 000MW of generating assets to the power sector he said Mohammed said the Zungeru and Kashimbila Hydro Power Plants were designed to complement systemic reforms and investments in the distribution and transmission segments of the electricity value chain The analyst said the country under the stewardship of Muhammadu Buhari also achieved giant leap in energy infrastructure development with signing of agreements on expanding gas supply to other African member states On July 28 2022 Nigeria signed a Memerandum of Understanding MoU with Algeria and Nigerien Governments for the implementation of the Trans Saharan Gas Pipeline TSGP project TSGP also known as NIGAL pipeline and Trans African gas pipeline is a planned natural gas pipeline from Nigeria to Algeria The gigantic project is seen as an opportunity to diversify the European Union s gas supplies Not to forget the infrastructure development in tertiary institutions across the country funded by Tertiary Education Trust Fund TETFund he said Mohammed said the projects were visible and incontrovertible assets in proof of what Nigeria s resources were invested in He however urged the Federal Government to complete all ongoing projects before the expiration of the tenure of President Buhari in 2023 Also Maryam Ibrahim and Babangida Muhammad residents of Dutse in Jigawa lauded the Nigerian government over its commitment to the infrastructure development in the country Muhammad noted tat the feat achieved in road infrastructure enhance transportation services as well as ease movement of goods and services across the country He advocated for practical measures to ensure rehabilitation and maintainance of the structures and urged Nigerians to protect national assets in their respective communities NewsSourceCredit NAN
    Nigeria@62: Stakeholders commend Nigeria’s infrastructure devt
     As Nigeria mark 62nd Independence Anniversary some Nigerians have expressed joy over the infrastructure development in the country since independence A cross section of the respondents who spoke in Bauchi and Dutse described the Federal Government s commitment towards roads housing power and rail infrastructure development as commendable Mr Sabo Mohammed a political analyst in Bauchi State said the country witnessed massive progress in infrastructure development under President Mohammadu Buhari s administration He lauded the president for ensuring continuity of infrastructure development projects initiated by his predecessors He said the projects were designed to provide modern air sea rail and road transportation networks for ease of doing businesses reduce poverty creat jobs and enhance wealth creation Mohammed said that power and housing project initiatives would also address energy crisis enhance stable power supply and provide decent houses to tackle housing deficit in the country According to him the Buhari administration has executed about 5 000 kilometers of roads through the Presidential Infrastructure Development Fund and SUKUK Bond The gesture he said would encourage investment revamp industries and improved public service delivery to fast track sustainable social and economic development in the country He listed some of the projects to include the 2nd Niger Bridge Lagos Ibadan Expressway East West Road Abuja Kaduna Kano Expressway Gombe Yola Road Kano Maiduguri Expressway and Kirfi Gombe Road Mohammed said that some of the projects had been completed and inaugurated while others were at various stages of completion On rail sector Mohammed listed the Kaduna Abuja Lagos Kano Warri Itakpe Lagos Portharcourt standard gauge lines as well as Kano Maradi Rail line in Niger Republic In the energy sector he said the Federal Government initiated viable projects such as NLNG Train 7 Ajaokuta Kaduna Kano AKK pipeline project The AKK project on completion would saw an incremental 4 000MW of generating assets to the power sector he said Mohammed said the Zungeru and Kashimbila Hydro Power Plants were designed to complement systemic reforms and investments in the distribution and transmission segments of the electricity value chain The analyst said the country under the stewardship of Muhammadu Buhari also achieved giant leap in energy infrastructure development with signing of agreements on expanding gas supply to other African member states On July 28 2022 Nigeria signed a Memerandum of Understanding MoU with Algeria and Nigerien Governments for the implementation of the Trans Saharan Gas Pipeline TSGP project TSGP also known as NIGAL pipeline and Trans African gas pipeline is a planned natural gas pipeline from Nigeria to Algeria The gigantic project is seen as an opportunity to diversify the European Union s gas supplies Not to forget the infrastructure development in tertiary institutions across the country funded by Tertiary Education Trust Fund TETFund he said Mohammed said the projects were visible and incontrovertible assets in proof of what Nigeria s resources were invested in He however urged the Federal Government to complete all ongoing projects before the expiration of the tenure of President Buhari in 2023 Also Maryam Ibrahim and Babangida Muhammad residents of Dutse in Jigawa lauded the Nigerian government over its commitment to the infrastructure development in the country Muhammad noted tat the feat achieved in road infrastructure enhance transportation services as well as ease movement of goods and services across the country He advocated for practical measures to ensure rehabilitation and maintainance of the structures and urged Nigerians to protect national assets in their respective communities NewsSourceCredit NAN
    Nigeria@62: Stakeholders commend Nigeria’s infrastructure devt
    General news2 months ago

    Nigeria@62: Stakeholders commend Nigeria’s infrastructure devt

    As Nigeria mark 62nd Independence  Anniversary, some Nigerians have expressed joy over the infrastructure development in the country since independence.

    A cross section of the respondents who spoke in Bauchi and Dutse, described the Federal Government’s commitment towards roads, housing, power and rail infrastructure development as commendable.

    Mr Sabo Mohammed, a political analyst in Bauchi State, said the country witnessed massive progress in infrastructure development under President Mohammadu Buhari’s administration.

    He lauded the president for ensuring continuity of infrastructure development projects initiated by his predecessors.

    He said the projects were designed to provide modern air, sea, rail and road transportation networks for ease of doing businesses, reduce poverty, creat jobs and enhance wealth creation.

    Mohammed said that power and housing project initiatives would also address energy crisis, enhance stable power supply and provide decent houses to tackle housing deficit in the country.

    According to him, the Buhari administration has executed about 5,000 kilometers of roads through the Presidential Infrastructure Development Fund and SUKUK Bond.The gesture, he said, would encourage investment, revamp industries and improved public service delivery to fast track sustainable social and economic development in the country.

    He listed some of the projects to include the 2nd Niger Bridge; Lagos-Ibadan Expressway, East-West Road, Abuja-Kaduna-Kano Expressway, Gombe -Yola Road, Kano – Maiduguri Expressway and Kirfi – Gombe Road.Mohammed said that some of the projects had been completed and inaugurated while others were at various stages of completion.

    On rail sector, Mohammed listed the Kaduna – Abuja, Lagos – Kano,  Warri – Itakpe, Lagos -Portharcourt standard gauge lines as well as Kano – Maradi Rail line in Niger Republic.

    In the energy sector, he said, the Federal Government initiated viable projects such as NLNG Train 7, Ajaokuta – Kaduna – Kano (AKK) pipeline project.

    The AKK project on completion would saw an incremental 4,000MW of generating assets to the power sector, he said.

    Mohammed said the Zungeru and Kashimbila Hydro Power Plants were designed to complement systemic reforms and investments in the distribution and transmission segments of the electricity value chain.

    The analyst said, the country under the stewardship of Muhammadu Buhari also achieved giant leap in energy infrastructure development with signing of agreements on expanding gas supply to other African member states.

    On July 28, 2022, Nigeria signed a Memerandum of Understanding (MoU) with Algeria and Nigerien Governments for the implementation of the Trans-Saharan Gas Pipeline (TSGP) project.

    TSGP; also known as NIGAL pipeline and Trans-African gas pipeline is a planned natural gas pipeline from Nigeria to Algeria.

    The gigantic project is seen as an opportunity to diversify the European Union’s gas supplies.

    “Not to forget the infrastructure development in tertiary institutions across the country funded by Tertiary Education Trust Fund (TETFund),” he said.

    Mohammed said the projects were visible and incontrovertible assets in proof of what Nigeria’s resources were invested in.

    He, however, urged the Federal Government to complete all ongoing projects before the expiration of the tenure of President Buhari in 2023.Also, Maryam Ibrahim and Babangida Muhammad, residents of Dutse in Jigawa, lauded the Nigerian government over its commitment to the infrastructure development in the country.

    Muhammad noted tat the feat achieved in road infrastructure enhance transportation services as well as ease movement of goods and services across the country.

    He advocated for practical measures to ensure rehabilitation and maintainance of the structures, and urged Nigerians to protect national assets in their respective communities.


    NewsSourceCredit: NAN

  •  The panel of judges for the Nigeria Prize for Science said that two outstanding scientific works have won the Nigeria Liquefied Natural Gas Ltd NL 100 000 dollars prize Prof Barth Nnaji a former Minister of Power and Chairperson of the Advisory Board for the prize made the announcement at a news conference in Lagos on Wednesday The theme of the event organised by NLNG for the 2022 edition is Innovations in Sustainable Food Security The News Agency of Nigeria reports that the panel of judges for the Nigeria Prize for Science received 107 entries from scientists worldwide for the 2022 edition A panel of judges led by Prof Christian Agbo from the Department of Agriculture University of Nigeria Nsukka reached the decision on the winning entries Other members on the panel were Ms Funke Opeke the Chief Executive Officer of MainOne and Prof Mohammed Magaji from the Department of Agronomy Usman Danfodiyo University Sokoto Nnaji said that one of the outstanding works was on Gains in Grain Yield of Released Maize Zea Mays L Cultivars under Drought and Well Watered Conditions by Muhydideen Oyekunle and Shehu Ado He said that the second one was on Development of Process Plant for Plantain Flour by Sesan Ayodeji and Emmanuel Olatomilola According to him the two groups will split the 100 000 dollars grand prize On the judges report the chairman said that the works addressed food security which was a key component of the national agenda He said that the works were in line with goal two of the Sustainable Development Goals which sought sustainable solutions to end hunger in all its forms by 2030 and to achieve food security Nnaji further said that the choice of the judges reflected a multi disciplinary approach relevant to the theme in focus He said the advisory board was particularly pleased that in evaluating the entries the judges upheld the objectives of the prize which sought to identify and promote excellence in utilising scientific knowledge Muhyideen Oyekunle a Maize Breeder and Prof Shehu Ado an Agricultural Expert s work on Gains in Grain Yield of Released Maize Zea Mays L Cultivars under Drought and Well Watered Conditions provides us with a unique opportunity The maize seeds they selected courtesy of a breeding programme has been tested to be high yielding and water stress tolerant Prof Sesan Ayodeji from Federal University of Technology Akure and his colleague Mr Emmanuel Olatomilola s work on Development of Process Plant for Plantain Flour is important for reducing spoilage of farm products and package for distribution as well as value addition for farm products he said The advisory chairman commended the NLNG board and management for instituting sponsoring and sustaining what was arguably the biggest science prize in Africa In his remarks Mr Andy Odeh NLNG s General Manager External Relations and Sustainable Development said that the science prize was growing in strength as the 2022 verdict depicted Odeh said that the advisory board and NLNG were working behind the scenes to review the prize for bigger impact and inclusiveness for the good of society He said that science could provide solutions to most of the country s challenges and urged relevant stakeholders and the public to continue to support NLNG through the Nigeria Prize for Science He noted that stakeholders could do this by making scientific breakthroughs the biggest enabler of development in Nigeria adding that industry and public investors should consider the commercial value of the winning works The general manager commended the winners for the big feat and called on all past winners of the prize to synergise and become a think tank that could generate and sustain the flow of ideas innovation and scientific advice to the public and private sectors He further said that this would make scientific ideas and innovations beneficial to the people thereby helping to build a better Nigeria in line with the vision of the organisation Odeh added that the winning works had the potential to significantly impact the country s food security positively through stable efficient and sufficient system of food production NewsSourceCredit NAN
    2 scientific works win NLNG’s 0,000 Nigeria Prize for Science
     The panel of judges for the Nigeria Prize for Science said that two outstanding scientific works have won the Nigeria Liquefied Natural Gas Ltd NL 100 000 dollars prize Prof Barth Nnaji a former Minister of Power and Chairperson of the Advisory Board for the prize made the announcement at a news conference in Lagos on Wednesday The theme of the event organised by NLNG for the 2022 edition is Innovations in Sustainable Food Security The News Agency of Nigeria reports that the panel of judges for the Nigeria Prize for Science received 107 entries from scientists worldwide for the 2022 edition A panel of judges led by Prof Christian Agbo from the Department of Agriculture University of Nigeria Nsukka reached the decision on the winning entries Other members on the panel were Ms Funke Opeke the Chief Executive Officer of MainOne and Prof Mohammed Magaji from the Department of Agronomy Usman Danfodiyo University Sokoto Nnaji said that one of the outstanding works was on Gains in Grain Yield of Released Maize Zea Mays L Cultivars under Drought and Well Watered Conditions by Muhydideen Oyekunle and Shehu Ado He said that the second one was on Development of Process Plant for Plantain Flour by Sesan Ayodeji and Emmanuel Olatomilola According to him the two groups will split the 100 000 dollars grand prize On the judges report the chairman said that the works addressed food security which was a key component of the national agenda He said that the works were in line with goal two of the Sustainable Development Goals which sought sustainable solutions to end hunger in all its forms by 2030 and to achieve food security Nnaji further said that the choice of the judges reflected a multi disciplinary approach relevant to the theme in focus He said the advisory board was particularly pleased that in evaluating the entries the judges upheld the objectives of the prize which sought to identify and promote excellence in utilising scientific knowledge Muhyideen Oyekunle a Maize Breeder and Prof Shehu Ado an Agricultural Expert s work on Gains in Grain Yield of Released Maize Zea Mays L Cultivars under Drought and Well Watered Conditions provides us with a unique opportunity The maize seeds they selected courtesy of a breeding programme has been tested to be high yielding and water stress tolerant Prof Sesan Ayodeji from Federal University of Technology Akure and his colleague Mr Emmanuel Olatomilola s work on Development of Process Plant for Plantain Flour is important for reducing spoilage of farm products and package for distribution as well as value addition for farm products he said The advisory chairman commended the NLNG board and management for instituting sponsoring and sustaining what was arguably the biggest science prize in Africa In his remarks Mr Andy Odeh NLNG s General Manager External Relations and Sustainable Development said that the science prize was growing in strength as the 2022 verdict depicted Odeh said that the advisory board and NLNG were working behind the scenes to review the prize for bigger impact and inclusiveness for the good of society He said that science could provide solutions to most of the country s challenges and urged relevant stakeholders and the public to continue to support NLNG through the Nigeria Prize for Science He noted that stakeholders could do this by making scientific breakthroughs the biggest enabler of development in Nigeria adding that industry and public investors should consider the commercial value of the winning works The general manager commended the winners for the big feat and called on all past winners of the prize to synergise and become a think tank that could generate and sustain the flow of ideas innovation and scientific advice to the public and private sectors He further said that this would make scientific ideas and innovations beneficial to the people thereby helping to build a better Nigeria in line with the vision of the organisation Odeh added that the winning works had the potential to significantly impact the country s food security positively through stable efficient and sufficient system of food production NewsSourceCredit NAN
    2 scientific works win NLNG’s 0,000 Nigeria Prize for Science
    General news2 months ago

    2 scientific works win NLNG’s $100,000 Nigeria Prize for Science

    The panel of judges for the Nigeria Prize for Science said that two outstanding scientific works have won the Nigeria Liquefied Natural Gas Ltd. (NL 100,000 dollars prize.

    Prof. Barth Nnaji, a former Minister of Power and Chairperson of the Advisory Board for the prize made the announcement at a news conference in Lagos on Wednesday.

    The theme of the event organised by NLNG for the 2022 edition is: “Innovations in Sustainable Food Security”.

    The News Agency of Nigeria reports that the panel of judges for the Nigeria Prize for Science received 107 entries from scientists worldwide for the 2022 edition.

    A panel of judges led by Prof. Christian Agbo, from the Department of Agriculture, University of Nigeria Nsukka reached the decision on the winning entries.

    Other members on the panel were Ms Funke Opeke, the Chief Executive Officer of MainOne and Prof. Mohammed Magaji, from the Department of Agronomy, Usman Danfodiyo University, Sokoto.

    Nnaji said that one of the outstanding works was on:”Gains in Grain Yield of Released Maize (Zea Mays L.

    ) Cultivars under Drought and Well-Watered Conditions” by Muhydideen Oyekunle and Shehu Ado. He said that the second one was on: “Development of Process Plant for Plantain Flour” by Sesan Ayodeji and Emmanuel Olatomilola.

    According to him, the two groups will split the 100,000 dollars grand prize.

    On the judges’ report, the chairman said that the works addressed food security which was a key component of the national agenda.

    He said that the works were in line with goal two of the Sustainable Development Goals which sought sustainable solutions to end hunger in all its forms by 2030 and to achieve food security.

    Nnaji further said that the choice of the judges reflected a multi-disciplinary approach relevant to the theme in focus.

    He said the advisory board was particularly pleased that in evaluating the entries, the judges upheld the objectives of the prize which sought to identify and promote excellence in utilising scientific knowledge.

    “Muhyideen Oyekunle, a Maize Breeder and Prof. Shehu Ado, an Agricultural Expert’s work on: “Gains in Grain Yield of Released Maize (Zea Mays L.

    ) Cultivars under Drought and Well Watered Conditions” provides us with a unique opportunity.

    “The maize seeds they selected courtesy of a breeding programme has been tested to be high yielding and water stress tolerant.

    ” Prof. Sesan Ayodeji, from Federal University of Technology, Akure and his colleague, Mr Emmanuel Olatomilola’s work on “Development of Process Plant for Plantain Flour” is important for reducing spoilage of farm products and package for distribution as well as value addition for farm products, “he said.

    The advisory chairman commended the NLNG board and management for instituting, sponsoring and sustaining what was arguably the biggest science prize in Africa.

    In his remarks, Mr Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development said that the science prize was growing in strength as the 2022 verdict depicted.

    Odeh said that the advisory board and NLNG were working behind the scenes to review the prize for bigger impact and inclusiveness for the good of society.

    He said that science could provide solutions to most of the country’s challenges and urged relevant stakeholders and the public to continue to support NLNG through the Nigeria Prize for Science.

    He noted that stakeholders could do this by making scientific breakthroughs the biggest enabler of development in Nigeria, adding that industry and public investors should consider the commercial value of the winning works.

    The general manager commended the winners for the big feat and called on all past winners of the prize to synergise and become a think-tank that could generate and sustain the flow of ideas, innovation and scientific advice to the public and private sectors.

    He further said that this would make scientific ideas and innovations beneficial to the people, thereby helping to build a better Nigeria in line with the vision of the organisation.

    Odeh added that the winning works had the potential to significantly impact the country’s food security positively through stable, efficient and sufficient system of food production.


    NewsSourceCredit: NAN

  •  Vice President Yemi Osinbajo says collaboration between the Federal Government and the private sector will ensure effective coordination of infrastructure development across the nation Osinbajo s spokesman Laolu Akande in a statement on Tuesday in Abuja said the vice president virtually inaugurated the National Council on Infrastructure set up by President Muhammadu Buhari According to the vice president such collaboration will also bridge the nation s infrastructure gaps For efficient and effective implementation of infrastructure projects the National Integrated Infrastructure Master Plan NIIMP recommended the establishment of the National Council on Infrastructure and its Technical Working Group TWG Osinbajo said the Federal Government s NIIMP was developed to provide an integrated view of infrastructure development in Nigeria with clear linkages across key sectors and identifies enablers for successful implementation in line with the current economic realities The NIIMP takes stock of existing infrastructure and specifically sets out the goal of raising Nigeria s infrastructure stock to at least 70 per cent by the year 2043 The success of the NIIMP will depend to a large extent on the establishment of a strong implementation mechanism and framework that promotes performance and accountability The National Council on Infrastructure is to provide policy direction on infrastructure matters and drive the creation and sustenance of the expected synergy and linkages between the public and the private sector to enhance the implementation of the Infrastructure Master Plan He said the Technical Working Group would provide guidance to the Council and advise on all infrastructure related matters Osinbajo said in spite of the infrastructure deficit across the country there had been deliberate and massive investments in road rail and power infrastructure for rapid economic development by the present administration According to him a fundamental feature of the Federal Government s plan for the rapid development of the economy is a deliberate and massive investment in infrastructure They include the second Niger bridge the Lagos Ibadan expressway the Abuja Kaduna Kano Road funded through the Presidential Infrastructure Development Fund the construction and upgrading of about 5 000 km of major road projects across the country through the Sukuk bond Rail sector investments include the Lagos Kano standard gauge lines the Warri Itakpe rail In the energy sector this administration has green lit NLNG Train 7 invested in the Ajaokuta Kaduna Kano AKK pipeline and is on track to complete an incremental 4 000MW of generating assets such as Zungeru Hydro and Kashimbilla Hydro to complement systemic reforms and investments in the distribution and transmission segments of the electricity value chain The administration is investing more than 2 billion dollars in Distribution and Transmission through the Siemens Presidential Power Initiative the Transmission Rehabilitation and Expansion Plan the CBN financed Transmission Distribution Interface Programme and the recently approved 500 million dollars World Bank DISREP programme for the Distribution segment he said The vice president also highlighted the Federal Government s N15 trillion Infrastructure Corporation InfraCorp Nigeria in 2021 the Reviewed National Integrated Infrastructure Master Plan 2020 2043 and the National Development Plan 2021 2025 Osinbajo said the 2 3 trillion dollars estimated resource requirement for the National Integrated Infrastructure Master Plan implementation was too large to be provided from public resources alone He said that a well coordinated and strategic approach would be required to harness private resources to increase the stock of Nigeria s infrastructure to the desired level by the year 2043 In his remarks the Minister of State Budget and National Planning Prince Clem Agba thanked the vice president for his leadership and selfless service to the nation Private sector members of the new council include the President of the Manufacturers Association of Nigeria MAN Engr Mansur Ahmed and a representative of the Nigerian Society of Engineers NSE Engr Tasiu Wudil The vice president is chairman of the National Council on Infrastructure and members include representatives of the state governors Federal Ministers heads of government agencies and members of the private sector They include the Governor of Ekiti State and Chairman of the Nigeria Governors Forum Kayode Fayemi Ministers of Finance Budget and National Planning Zainab Ahmed and the Attorney General of the Federation and Minister of Justice Abubakar Malami Others are the Ministers of Works Babatunde Fashola Power Abubakar Aliyu Transportation Mu azu Sambo Communications and Digital Economy Isa Pantami Water Resources Suleiman Adamu and Aviation Hadi Sirika More so Minister of State Budget and National Planning Prince Clem Agba CBN Governor Godwin Emefiele the President of MAN Mansur Ahmed and National President of Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA John Udeagbala are members The Executive Vice Chairman Federal Competition and Consumer Protection Commission FCCPC Babatunde Irukera and Managing Director Nigeria Sovereign Investment Authority NSIA Uche Orji among others made the list The Federal Ministry of Finance Budget and National Planning through its Infrastructure Delivery Coordinating Unit has been strengthened further to function as the Secretariat for the Council NewsSourceCredit NAN
    FG, private sector partnership will bridge Nigeria’s infrastructure gaps—Osinbajo
     Vice President Yemi Osinbajo says collaboration between the Federal Government and the private sector will ensure effective coordination of infrastructure development across the nation Osinbajo s spokesman Laolu Akande in a statement on Tuesday in Abuja said the vice president virtually inaugurated the National Council on Infrastructure set up by President Muhammadu Buhari According to the vice president such collaboration will also bridge the nation s infrastructure gaps For efficient and effective implementation of infrastructure projects the National Integrated Infrastructure Master Plan NIIMP recommended the establishment of the National Council on Infrastructure and its Technical Working Group TWG Osinbajo said the Federal Government s NIIMP was developed to provide an integrated view of infrastructure development in Nigeria with clear linkages across key sectors and identifies enablers for successful implementation in line with the current economic realities The NIIMP takes stock of existing infrastructure and specifically sets out the goal of raising Nigeria s infrastructure stock to at least 70 per cent by the year 2043 The success of the NIIMP will depend to a large extent on the establishment of a strong implementation mechanism and framework that promotes performance and accountability The National Council on Infrastructure is to provide policy direction on infrastructure matters and drive the creation and sustenance of the expected synergy and linkages between the public and the private sector to enhance the implementation of the Infrastructure Master Plan He said the Technical Working Group would provide guidance to the Council and advise on all infrastructure related matters Osinbajo said in spite of the infrastructure deficit across the country there had been deliberate and massive investments in road rail and power infrastructure for rapid economic development by the present administration According to him a fundamental feature of the Federal Government s plan for the rapid development of the economy is a deliberate and massive investment in infrastructure They include the second Niger bridge the Lagos Ibadan expressway the Abuja Kaduna Kano Road funded through the Presidential Infrastructure Development Fund the construction and upgrading of about 5 000 km of major road projects across the country through the Sukuk bond Rail sector investments include the Lagos Kano standard gauge lines the Warri Itakpe rail In the energy sector this administration has green lit NLNG Train 7 invested in the Ajaokuta Kaduna Kano AKK pipeline and is on track to complete an incremental 4 000MW of generating assets such as Zungeru Hydro and Kashimbilla Hydro to complement systemic reforms and investments in the distribution and transmission segments of the electricity value chain The administration is investing more than 2 billion dollars in Distribution and Transmission through the Siemens Presidential Power Initiative the Transmission Rehabilitation and Expansion Plan the CBN financed Transmission Distribution Interface Programme and the recently approved 500 million dollars World Bank DISREP programme for the Distribution segment he said The vice president also highlighted the Federal Government s N15 trillion Infrastructure Corporation InfraCorp Nigeria in 2021 the Reviewed National Integrated Infrastructure Master Plan 2020 2043 and the National Development Plan 2021 2025 Osinbajo said the 2 3 trillion dollars estimated resource requirement for the National Integrated Infrastructure Master Plan implementation was too large to be provided from public resources alone He said that a well coordinated and strategic approach would be required to harness private resources to increase the stock of Nigeria s infrastructure to the desired level by the year 2043 In his remarks the Minister of State Budget and National Planning Prince Clem Agba thanked the vice president for his leadership and selfless service to the nation Private sector members of the new council include the President of the Manufacturers Association of Nigeria MAN Engr Mansur Ahmed and a representative of the Nigerian Society of Engineers NSE Engr Tasiu Wudil The vice president is chairman of the National Council on Infrastructure and members include representatives of the state governors Federal Ministers heads of government agencies and members of the private sector They include the Governor of Ekiti State and Chairman of the Nigeria Governors Forum Kayode Fayemi Ministers of Finance Budget and National Planning Zainab Ahmed and the Attorney General of the Federation and Minister of Justice Abubakar Malami Others are the Ministers of Works Babatunde Fashola Power Abubakar Aliyu Transportation Mu azu Sambo Communications and Digital Economy Isa Pantami Water Resources Suleiman Adamu and Aviation Hadi Sirika More so Minister of State Budget and National Planning Prince Clem Agba CBN Governor Godwin Emefiele the President of MAN Mansur Ahmed and National President of Nigerian Association of Chambers of Commerce Industry Mines and Agriculture NACCIMA John Udeagbala are members The Executive Vice Chairman Federal Competition and Consumer Protection Commission FCCPC Babatunde Irukera and Managing Director Nigeria Sovereign Investment Authority NSIA Uche Orji among others made the list The Federal Ministry of Finance Budget and National Planning through its Infrastructure Delivery Coordinating Unit has been strengthened further to function as the Secretariat for the Council NewsSourceCredit NAN
    FG, private sector partnership will bridge Nigeria’s infrastructure gaps—Osinbajo
    General news3 months ago

    FG, private sector partnership will bridge Nigeria’s infrastructure gaps—Osinbajo

    Vice President Yemi Osinbajo says collaboration between the Federal Government and the private sector will  ensure effective coordination of infrastructure development across the nation.

    Osinbajo’s spokesman, Laolu Akande, in a statement on Tuesday in Abuja, said the vice president virtually inaugurated the National Council on Infrastructure set up by President Muhammadu Buhari.

    According to the vice president, such collaboration will also bridge the nation’s infrastructure gaps.

    “For efficient and effective implementation of infrastructure projects, the National Integrated Infrastructure Master Plan (NIIMP) recommended the establishment of the National Council on Infrastructure and its Technical Working Group (TWG).

    ” Osinbajo said the Federal Government’s NIIMP was developed to provide an integrated view of infrastructure development in Nigeria with clear linkages across key sectors and identifies enablers for successful implementation in line with the current economic realities.

    “The NIIMP takes stock of existing infrastructure and specifically sets out the goal of raising Nigeria’s infrastructure stock to at least 70 per cent by the year 2043. “The success of the NIIMP will depend, to a large extent, on the establishment of a strong implementation mechanism and framework that promotes performance and accountability.

    “The National Council on Infrastructure is to provide policy direction on infrastructure matters and drive the creation and sustenance of the expected synergy and linkages between the public and the private sector to enhance the implementation of the Infrastructure Master Plan.” He said the Technical Working Group would provide guidance to the Council and advise on all infrastructure related matters.

    Osinbajo said in spite of the infrastructure deficit across the country, there had been deliberate and massive investments in road, rail and power infrastructure for rapid economic development by the present administration.

    According to him, a fundamental feature of the Federal Government’s plan for the rapid development of the economy is a deliberate and massive investment in infrastructure.

    “They include the second Niger bridge, the Lagos-Ibadan expressway, the Abuja-Kaduna-Kano Road (funded through the Presidential Infrastructure Development Fund); the construction and upgrading of about 5,000 km of major road projects across the country through the Sukuk bond.

    “Rail sector investments include the Lagos Kano standard gauge lines, the Warri-Itakpe rail.

    “In the energy sector, this administration has green lit NLNG Train 7, invested in the Ajaokuta-Kaduna-Kano (AKK) pipeline and is on track to complete an incremental 4,000MW of generating assets such as Zungeru Hydro and Kashimbilla Hydro to complement systemic reforms and investments in the distribution and transmission segments of the electricity value chain.

    “The administration is investing more than 2 billion dollars in Distribution and Transmission through the Siemens Presidential Power Initiative, the Transmission, Rehabilitation and Expansion Plan, the CBN financed Transmission-Distribution Interface Programme and the recently approved 500 million dollars World Bank DISREP programme for the Distribution segment,” he said.

    The vice president also highlighted the Federal Government’s N15 trillion Infrastructure Corporation (InfraCorp Nigeria) in 2021, the Reviewed National Integrated Infrastructure Master Plan (2020-2043) and the National Development Plan 2021-2025. Osinbajo said the 2.3 trillion dollars estimated resource requirement for the National Integrated Infrastructure Master Plan implementation was too large to be provided from public resources alone.

    He said that a well-coordinated and strategic approach would be required to harness private resources to increase the stock of Nigeria’s infrastructure to the desired level by the year 2043. In his remarks, the Minister of State, Budget and National Planning, Prince Clem Agba, thanked the vice president for his leadership and selfless service to the nation.

    Private sector members of the new council include the President of the Manufacturers Association of Nigeria (MAN), Engr. Mansur Ahmed and a representative of the Nigerian Society of Engineers (NSE), Engr Tasiu Wudil.

    The vice president is chairman of the National Council on Infrastructure, and members include representatives of the state governors; Federal Ministers, heads of government agencies and members of the private sector.

    They include the Governor of Ekiti State and Chairman of the Nigeria Governors Forum,  Kayode Fayemi,  Ministers of Finance, Budget and National Planning,  Zainab Ahmed and the Attorney General of the Federation and Minister of Justice, Abubakar Malami.

    Others are the Ministers of Works, Babatunde Fashola; Power, Abubakar Aliyu; Transportation, Mu’azu  Sambo; Communications and Digital Economy, Isa Pantami; Water Resources, Suleiman Adamu and Aviation, Hadi Sirika.

    More so, Minister of State, Budget and National Planning, Prince Clem Agba;  CBN Governor, Godwin Emefiele; the President of MAN,  Mansur Ahmed and National President of Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA), John Udeagbala are members.

    The Executive Vice Chairman, Federal Competition and Consumer Protection Commission (FCCPC) Babatunde Irukera, and Managing Director, Nigeria Sovereign Investment Authority (NSIA), Uche Orji, among others made the list.

    The Federal Ministry of Finance, Budget and National Planning, through its Infrastructure Delivery Coordinating Unit, has been strengthened further to function as the Secretariat for the Council.


    NewsSourceCredit: NAN

  •  The Nigeria Liquefied Natural Gas Ltd NLNG has denied the allegation that the company was involved in illegal exportation of LNG or any of its products outside the country Mr Andy Odeh the General Manager External Relations and Sustainable Development NLNG issued the denial in a statement on Thursday in Lagos Odeh said the claim that NLNG was involved with an international cartel to illegally export products was false and calculated to cast the company and its leadership in bad light He said to set the records straight deliveries of LNG from NLNG s Bonny Terminal complies with all regulatory requirements for the export of its products According to him they are made under various LNG sales contracts to destinations not limited to Europe but also to the Far East Greater Middle East North America and South America He said this had ensured NLNG s position as a significant competitive global LNG supplier promoting the Nigerian brand Odeh said NLNG is a responsible corporate citizen operating its business according to strong business principles and ethics in accordance with requirements of relevant Nigerian and global laws and regulations From the commencement of its operations in October 1999 NLNG has never and does not engage in illegal exportation of LNG or any of its products nor is NLNG involved in any international cartel as alleged It is simply not true that the illegal exportation is still ongoing with the backing of some top officials of government He explained that the LNG trade undertaken by the company was bound by strict protocols and controls hence not amenable to the kind of illegitimate schemes alleged in the report Odeh said contrary to the allegation of export of LNG without paperwork records exist for every single cargo of product loaded by the company since it commenced operations He added that there were fully accurate accounts of destinations quantities loaded and unloaded and related earnings on each cargo which were demonstrable Odeh said for each of the past financial years which were periodically audited including the periods alluded to in the report the shareholders of the NLNG never reported that any cargo or product of the company was lost or unaccounted for He said the shareholders included the Nigerian National Petroleum Company Ltd and three International Oil Companies IOCs Odeh said Indeed the possibility of such happening is beyond comprehension For the avoidance of doubt NLNG restates that the report paints a very incorrect picture of the company s business and its LNG trade It is at complete variance with the company s vision as a globally competitive LNG company helping to build a better Nigeria NewsSourceCredit NAN
    NLNG denies involvement in illegal gas exportation
     The Nigeria Liquefied Natural Gas Ltd NLNG has denied the allegation that the company was involved in illegal exportation of LNG or any of its products outside the country Mr Andy Odeh the General Manager External Relations and Sustainable Development NLNG issued the denial in a statement on Thursday in Lagos Odeh said the claim that NLNG was involved with an international cartel to illegally export products was false and calculated to cast the company and its leadership in bad light He said to set the records straight deliveries of LNG from NLNG s Bonny Terminal complies with all regulatory requirements for the export of its products According to him they are made under various LNG sales contracts to destinations not limited to Europe but also to the Far East Greater Middle East North America and South America He said this had ensured NLNG s position as a significant competitive global LNG supplier promoting the Nigerian brand Odeh said NLNG is a responsible corporate citizen operating its business according to strong business principles and ethics in accordance with requirements of relevant Nigerian and global laws and regulations From the commencement of its operations in October 1999 NLNG has never and does not engage in illegal exportation of LNG or any of its products nor is NLNG involved in any international cartel as alleged It is simply not true that the illegal exportation is still ongoing with the backing of some top officials of government He explained that the LNG trade undertaken by the company was bound by strict protocols and controls hence not amenable to the kind of illegitimate schemes alleged in the report Odeh said contrary to the allegation of export of LNG without paperwork records exist for every single cargo of product loaded by the company since it commenced operations He added that there were fully accurate accounts of destinations quantities loaded and unloaded and related earnings on each cargo which were demonstrable Odeh said for each of the past financial years which were periodically audited including the periods alluded to in the report the shareholders of the NLNG never reported that any cargo or product of the company was lost or unaccounted for He said the shareholders included the Nigerian National Petroleum Company Ltd and three International Oil Companies IOCs Odeh said Indeed the possibility of such happening is beyond comprehension For the avoidance of doubt NLNG restates that the report paints a very incorrect picture of the company s business and its LNG trade It is at complete variance with the company s vision as a globally competitive LNG company helping to build a better Nigeria NewsSourceCredit NAN
    NLNG denies involvement in illegal gas exportation
    General news4 months ago

    NLNG denies involvement in illegal gas exportation

    The Nigeria Liquefied Natural Gas Ltd. (NLNG) has denied the allegation that the company was involved in illegal exportation of LNG or any of its products outside the country.

    Mr Andy Odeh, the General Manager, External Relations and Sustainable Development, NLNG, issued the denial in a statement on Thursday in Lagos.

    Odeh said the claim that NLNG was involved with an international cartel to illegally export products was false and calculated to cast the company and its leadership in bad light.

    He said to set the records straight, deliveries of LNG from NLNG’s Bonny Terminal complies with all regulatory requirements for the export of its products.

    According to him, they are made under various LNG sales contracts to destinations not limited to Europe, but also to the Far East, Greater Middle East, North America and South America.

    He said this had ensured NLNG’s position as a significant competitive global LNG supplier, promoting the Nigerian brand.

    Odeh said: “NLNG is a responsible corporate citizen operating its business according to strong business principles and ethics in accordance with requirements of relevant Nigerian and global laws and regulations.

    “From the commencement of its operations in October 1999, NLNG has never, and does not, engage in “illegal” exportation of LNG or any of its products, nor is NLNG involved in any international cartel, as alleged.

    “It is simply not true that the illegal exportation is still ongoing with the backing of some top officials of government.

    ” He explained that the LNG trade undertaken by the company was bound by strict protocols and controls, hence not amenable to the kind of illegitimate schemes alleged in the report.

    Odeh said contrary to the allegation of export of LNG without paperwork, records exist for every single cargo of product loaded by the company since it commenced operations.

    He added that there were fully accurate accounts of destinations, quantities loaded and unloaded and related earnings on each cargo which were demonstrable.

    Odeh said for each of the past financial years which were periodically audited, including the periods alluded to in the report, the shareholders of the NLNG never reported that any cargo or product of the company was lost or unaccounted for.

    He said the shareholders included the Nigerian National Petroleum Company Ltd. and three International Oil Companies (IOCs).

    Odeh said: “Indeed, the possibility of such happening is beyond comprehension.

    “For the avoidance of doubt, NLNG restates that the report paints a very incorrect picture of the company’s business and its LNG trade.

    “It is at complete variance with the company’s vision as a globally competitive LNG company helping to build a better Nigeria.


    NewsSourceCredit: NAN

  •  Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity This they argued was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa former Managing of Nigeria LNG Ltd NLNG tittled From Storeroom to Boardroom Drawn oil and gas experts three of them are also authors Mr Austin Avuru the Founder and Executive Chairman of AA Holdings one of the panelists said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria He said that this was because young people did not have books from which to learn how to grow enterprises to last generations Another Dr Phillip Mshelbila Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas NLNG Ltd spoke on Omotowa s tenacity He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity Mshelbila said the author left solid foundation for continuity in the local content drive in the firm He and other panelists enumerated interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate Other panelists include Dr Godswill Ihetu former Managing Director NLNG and Mr Tonye Cole Co founder and former Group Executive Director of Sahara Group Also among them were Mr Isah Inuwa a retiree of the NLNG and Dr Waziri Adio former Executive Secretary of Nigeria Extractive Transparency Initiative NEITI who joined virtually The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses They called for value re orientatation in the nation while reeling out success stories of Omotowa who rose from the lowest cadre of his career to the pinnacle The panelists said he rose through hard work courage and integrity while shunning corruption They also shared their thoughts on how to resolve issues in the oil and gas industry the Niger Delta issues as well as the steps to adopt towards energy transition Mr Aderemi Makanjuola Chairman of Caverton Offshore Support Group Plc giving a goodwill message said the author gave selfless service He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies Makanjuola said mentorship was important to raise upright leaders According to him the younger generation cannot be coerced hence the need for real role models The Chairman Governing Board Nigerian University of Technology and Management NUTM Dr Okechukwu Enelamah was one of the book reviewers He said the book listed on Amazon presented a good context for the nation s youths to courageously pursue entrepreneurship goals with honestly The reviewer described the book as an easy read that had great potential for global readership Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa s courage to surmount opposition to do things right He said the book documented step by step journey of the author from his humble background in Ile Ife The reviewer said it touched on the role of parents in inculcating the right values which helped Omotowa excel without compromising He said chapter two of the book is quite empowering and teaches how to prioritise goals while not ignoring the power of sacrifices Enelamah said the book was illuminating on how the author handled employees without losing focus on integrity He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the Storeroom to Boardroom Another reviewer Donu Kogbara a columnist with the Vanguard Newspaper commended the author for capturing his personal flaws and mistakes in the book She said that he did not pretend to be a saint or super human to conceal his errors Kogbara said he did not mince words in his fight against corruption describing the book s launch as timely She said that this was because young people did not have adequate books on best practices Speaking with journalists Omotowa urged parents to inculcate the right values in their children early in life The author said that this would teach them contentment to make them incorruptible He said that the values of hard work courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top The Minister of Information and Culture Alhaji Lai Mohammed was represented at the event by a Director Mrs Amao Ayobami NewsSourceCredit NAN
    Experts want leaders with integrity to inspire youth
     Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity This they argued was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa former Managing of Nigeria LNG Ltd NLNG tittled From Storeroom to Boardroom Drawn oil and gas experts three of them are also authors Mr Austin Avuru the Founder and Executive Chairman of AA Holdings one of the panelists said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria He said that this was because young people did not have books from which to learn how to grow enterprises to last generations Another Dr Phillip Mshelbila Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas NLNG Ltd spoke on Omotowa s tenacity He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity Mshelbila said the author left solid foundation for continuity in the local content drive in the firm He and other panelists enumerated interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate Other panelists include Dr Godswill Ihetu former Managing Director NLNG and Mr Tonye Cole Co founder and former Group Executive Director of Sahara Group Also among them were Mr Isah Inuwa a retiree of the NLNG and Dr Waziri Adio former Executive Secretary of Nigeria Extractive Transparency Initiative NEITI who joined virtually The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses They called for value re orientatation in the nation while reeling out success stories of Omotowa who rose from the lowest cadre of his career to the pinnacle The panelists said he rose through hard work courage and integrity while shunning corruption They also shared their thoughts on how to resolve issues in the oil and gas industry the Niger Delta issues as well as the steps to adopt towards energy transition Mr Aderemi Makanjuola Chairman of Caverton Offshore Support Group Plc giving a goodwill message said the author gave selfless service He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies Makanjuola said mentorship was important to raise upright leaders According to him the younger generation cannot be coerced hence the need for real role models The Chairman Governing Board Nigerian University of Technology and Management NUTM Dr Okechukwu Enelamah was one of the book reviewers He said the book listed on Amazon presented a good context for the nation s youths to courageously pursue entrepreneurship goals with honestly The reviewer described the book as an easy read that had great potential for global readership Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa s courage to surmount opposition to do things right He said the book documented step by step journey of the author from his humble background in Ile Ife The reviewer said it touched on the role of parents in inculcating the right values which helped Omotowa excel without compromising He said chapter two of the book is quite empowering and teaches how to prioritise goals while not ignoring the power of sacrifices Enelamah said the book was illuminating on how the author handled employees without losing focus on integrity He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the Storeroom to Boardroom Another reviewer Donu Kogbara a columnist with the Vanguard Newspaper commended the author for capturing his personal flaws and mistakes in the book She said that he did not pretend to be a saint or super human to conceal his errors Kogbara said he did not mince words in his fight against corruption describing the book s launch as timely She said that this was because young people did not have adequate books on best practices Speaking with journalists Omotowa urged parents to inculcate the right values in their children early in life The author said that this would teach them contentment to make them incorruptible He said that the values of hard work courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top The Minister of Information and Culture Alhaji Lai Mohammed was represented at the event by a Director Mrs Amao Ayobami NewsSourceCredit NAN
    Experts want leaders with integrity to inspire youth
    General news4 months ago

    Experts want leaders with integrity to inspire youth

    Panelists at a book launch in Lagos have called for documentation of achievements of leaders with integrity.

    This, they argued, was necessary to raise a new generation of Nigerians who would lead the nation to greatness through hardwork and honesty.

    The panelists spoke on Monday at the launch of a book written by Mr Babs Omotowa, former Managing of Nigeria LNG Ltd (NLNG) tittled “From Storeroom to Boardroom”.

    Drawn  oil and gas experts, three of them are also authors.

    Mr Austin Avuru, the Founder and Executive Chairman of AA Holdings, one of the panelists, said that lack of lack of corporate governance structure was a reason for demise of several businesses in Nigeria.

    He said that this was because young people did not have books from which to learn how to grow enterprises to last generations.

    Another, Dr Phillip Mshelbila, Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas (NLNG) Ltd, spoke on Omotowa’s tenacity.

    He enumerated reforms brought into the NLNG by Omotowa due to his resilience and tenacity.

    Mshelbila said the author left solid foundation for continuity in the local content drive in the firm.

    He, and other panelists, enumerated  interventions of the author and other interactions that qualified him as role model whom the younger generation must emulate.

    Other panelists include Dr Godswill Ihetu, former Managing Director, NLNG, and Mr Tonye Cole, Co-founder and former Group Executive Director of Sahara Group.

    Also among them were Mr Isah Inuwa, a retiree of the NLNG and Dr Waziri Adio, former Executive Secretary of Nigeria Extractive Transparency Initiative (NEITI), who joined virtually.

    The panelists said the nation needed role models who could point the way of how intergrity and courage could shape global businesses.

    They called for value re-orientatation in the nation while reeling out success stories of  Omotowa who rose from the lowest cadre of his career to the pinnacle.

    The panelists said he rose through hard work, courage and integrity while shunning corruption.

    They also shared their thoughts on how to resolve issues in the oil and gas industry, the Niger Delta issues as well as the steps to adopt towards energy transition.

    Mr Aderemi Makanjuola, Chairman of Caverton Offshore Support Group Plc, giving a goodwill message, said the author gave selfless service.

    He said that the younger generations needed this to correct negative perceptions about Nigeria while building lasting legacies.

    Makanjuola said mentorship was important to raise upright leaders.

    According to him, the younger generation cannot be”coerced”, hence, the need for real role models.

    The Chairman, Governing Board, Nigerian University of Technology and Management.

    (NUTM), Dr Okechukwu Enelamah, was one of the book reviewers.

    He said the book, listed on Amazon, presented a good context for the nation’s youths to courageously pursue entrepreneurship goals with honestly.

    The reviewer described the book as an easy read that had great potential for global readership.

    Enelamah said it contains several leadership lessons loaded with personal examples of Omotowa’s courage to surmount opposition to do things right.

    He said the book documented step by step journey of the author from his humble background in Ile Ife.The reviewer said it touched on the role of parents in inculcating the right values which helped  Omotowa excel without compromising.

    He said chapter two of the book is “quite empowering” and teaches how to prioritise goals, while not ignoring the power of sacrifices.

    Enelamah said the book was “illuminating” on how the author handled employees without losing focus on integrity.

    He said it revealed how the author adopted courage to remain incorruptible in the face of opposition in his journey from the”Storeroom to Boardroom”.

    Another reviewer, Donu Kogbara, a columnist with the Vanguard Newspaper, commended the author for capturing his personal flaws and mistakes in the book.

    She said that he did not pretend to be a saint or super human to conceal his errors.

    Kogbara said he did not mince words in his fight against corruption, describing the book’s launch as timely.

    She said that this was because young people did not have adequate books on best practices.

    Speaking with journalists, Omotowa urged parents to inculcate the right values in their children early in life.

    The author said that this would teach them contentment to make them incorruptible.

    He said that the values of hard work, courage and integrity he picked up early in his life from his parents helped him to bring transformation in his career path from the bottom to top.

    The Minister of Information and Culture, Alhaji Lai Mohammed, was represented at the event by a Director, Mrs Amao Ayobami.


    NewsSourceCredit: NAN

  •  The Nigerian Maritime Administration and Safety Agency NIMASA has urged the Nigeria Liquefied Natural Gas NLNG to consider the Nigerian Flag as first option for its vessels The Director General of NIMASA Dr Bashir Jamoh made the appeal in a statement on Wednesday in Lagos Jamoh said this during a courtesy visit by the management of the NLNG led by the Managing Director Dr Philip Mshelbila to NIMASA He added that both organisations agreed to set up a working committee meeting regularly to ensure improved relationship According to him a better working relationship between NIMASA and the NLNG will greatly enhance operations in the maritime sector of the country He assured the NLNG management that NIMASA would extend the already existing working relationship the Agency had with the NLNG Ship Management Ltd NSML to the parent body This is a new beginning our focus should be what is best for Nigeria and not just for the NLNG or NIMASA he said While commending the NLNG for providing platforms for Sea time to train Nigerian seafarers Jamoh noted that the Agency was committed to attaining best global practice to ensure global recognition of certificates issued by Nigeria We are working to ensure that the Certificates of Competency issued by the Nigerian Maritime Administration are of international standard and this will make it easy for the NLNG and other international organisations to accept them Jamoh said He said that the Agency needed the NLNG to boost the nations tonnage NIMASA needs the NLNG we desire to have vessels of the NLNG fly the Nigerian flag just imagine that vessels of the NLNG are on the Nigerian Registry our tonnage will increase exponentially the Nigerian flag will earn much more respect globally and we will get better recognition he said Responding Mshelbila said that the management of the NLNG was committed to the deliberate indigenisation of the human component of its operation He added that they were ready to partner NIMASA to enhance safety and security of lives and assets in the Nigerian maritime domain He noted that they were on the same page with NIMASA in terms of capacity development and the quest to ensure Nigeria attains internationally acceptable standards in the maritime sector We at NLNG have realised that for us to fulfill one of our key vision elements which is helping to build a better Nigeria it is important for us to work with all our stakeholders including NIMASA We are aware that NIMASA and our subsidiary NMSL are working hand in hand for the progress of this country and we desire that same spirit of partnership and collaboration should be extended to the NLNG I believe that for the NLNG to fulfill its mission as a business it needs to partner with NIMASA he said Mshelbila said that they had various training programmes and working closely with NIMASA being explored by the NMSL to provide sea time training for seafarers had enabled the seafarer to fulfill their qualifications and get certifications He expressed appreciation to NIMASA for the active management of the activities in the Gulf of Guinea through the Deep Blue Project which was instrumental in attaining the success NewsSourceCredit NAN
    NIMASA urges NLNG to use Nigerian flag for vessels
     The Nigerian Maritime Administration and Safety Agency NIMASA has urged the Nigeria Liquefied Natural Gas NLNG to consider the Nigerian Flag as first option for its vessels The Director General of NIMASA Dr Bashir Jamoh made the appeal in a statement on Wednesday in Lagos Jamoh said this during a courtesy visit by the management of the NLNG led by the Managing Director Dr Philip Mshelbila to NIMASA He added that both organisations agreed to set up a working committee meeting regularly to ensure improved relationship According to him a better working relationship between NIMASA and the NLNG will greatly enhance operations in the maritime sector of the country He assured the NLNG management that NIMASA would extend the already existing working relationship the Agency had with the NLNG Ship Management Ltd NSML to the parent body This is a new beginning our focus should be what is best for Nigeria and not just for the NLNG or NIMASA he said While commending the NLNG for providing platforms for Sea time to train Nigerian seafarers Jamoh noted that the Agency was committed to attaining best global practice to ensure global recognition of certificates issued by Nigeria We are working to ensure that the Certificates of Competency issued by the Nigerian Maritime Administration are of international standard and this will make it easy for the NLNG and other international organisations to accept them Jamoh said He said that the Agency needed the NLNG to boost the nations tonnage NIMASA needs the NLNG we desire to have vessels of the NLNG fly the Nigerian flag just imagine that vessels of the NLNG are on the Nigerian Registry our tonnage will increase exponentially the Nigerian flag will earn much more respect globally and we will get better recognition he said Responding Mshelbila said that the management of the NLNG was committed to the deliberate indigenisation of the human component of its operation He added that they were ready to partner NIMASA to enhance safety and security of lives and assets in the Nigerian maritime domain He noted that they were on the same page with NIMASA in terms of capacity development and the quest to ensure Nigeria attains internationally acceptable standards in the maritime sector We at NLNG have realised that for us to fulfill one of our key vision elements which is helping to build a better Nigeria it is important for us to work with all our stakeholders including NIMASA We are aware that NIMASA and our subsidiary NMSL are working hand in hand for the progress of this country and we desire that same spirit of partnership and collaboration should be extended to the NLNG I believe that for the NLNG to fulfill its mission as a business it needs to partner with NIMASA he said Mshelbila said that they had various training programmes and working closely with NIMASA being explored by the NMSL to provide sea time training for seafarers had enabled the seafarer to fulfill their qualifications and get certifications He expressed appreciation to NIMASA for the active management of the activities in the Gulf of Guinea through the Deep Blue Project which was instrumental in attaining the success NewsSourceCredit NAN
    NIMASA urges NLNG to use Nigerian flag for vessels
    Economy4 months ago

    NIMASA urges NLNG to use Nigerian flag for vessels

    The Nigerian Maritime Administration and Safety Agency (NIMASA) has urged the Nigeria Liquefied Natural Gas (NLNG) to consider the Nigerian Flag as first option for its vessels.

    The Director-General of NIMASA, Dr Bashir Jamoh, made the appeal in a statement on Wednesday in Lagos.

    Jamoh said this during a courtesy visit by the management of the NLNG led by the Managing Director, Dr Philip Mshelbila, to NIMASA.

    He added that both organisations agreed to set up a working committee meeting regularly to ensure improved relationship.

    According to him, a better working relationship between NIMASA and the NLNG will greatly enhance operations in the maritime sector of the country.

    He assured the NLNG management that NIMASA would extend the already existing working relationship the Agency had with the NLNG Ship Management Ltd. (NSML) to the parent body.

    “This is a new beginning; our focus should be what is best for Nigeria and not just for the NLNG or NIMASA,” he said.

    While commending the NLNG for providing platforms for Sea time to train Nigerian seafarers, Jamoh noted that the Agency was committed to attaining best global practice to ensure global recognition of certificates issued by Nigeria.

    “We are working to ensure that the Certificates of Competency issued by the Nigerian Maritime Administration are of international standard, and this will make it easy for the NLNG and other international organisations to accept them,” Jamoh said.

    He said that the Agency needed the NLNG to boost the nations tonnage.

    “NIMASA needs the NLNG, we desire to have vessels of the NLNG fly the Nigerian flag, just imagine that vessels of the NLNG are on the Nigerian Registry, our tonnage will increase exponentially, the Nigerian flag will earn much more respect globally and we will get better recognition,” he said.

    Responding, Mshelbila said that the management of the NLNG was committed to the deliberate indigenisation of the human component of its operation.

    He added that they were ready to partner NIMASA to enhance safety and security of lives and assets in the Nigerian maritime domain.

    He noted that they were on the same page with NIMASA in terms of capacity development and the quest to ensure Nigeria attains internationally acceptable standards in the maritime sector.

    “We at NLNG have realised that for us to fulfill one of our key vision elements, which is helping to build a better Nigeria, it is important for us to work with all our stakeholders including NIMASA.

    “We are aware that NIMASA and our subsidiary, NMSL are working hand in hand for the progress of this country and we desire that same spirit of partnership and collaboration should be extended to the NLNG.

    “I believe that for the NLNG to fulfill its mission as a business it needs to partner with NIMASA,” he said.

    Mshelbila said that they had various training programmes, and working closely with NIMASA, being explored by the NMSL to provide sea time training for seafarers had enabled the seafarer to fulfill their qualifications and get certifications.

    He expressed appreciation to NIMASA for the active management of the activities in the Gulf of Guinea through the Deep Blue Project which was instrumental in attaining the success.

    NewsSourceCredit: NAN

  •   The Director General of the Voice of Nigeria VON Mr Osita Okechukwu has taken a swipe at the Presidential Candidate of the Peoples Democratic Party PDP and former Vice President Alhaji Atiku Abubakar for accusing the ruling party of stealing his idea to reform the Nigerian National Petroleum Corporation NNPC While reacting to the unveiling of the NNPC Limited last Tuesday the PDP Presidential standard bearer alleged that APC stole his idea to reform the state owned oil corporation to make it more profitable transparent and efficient But in a statement on Thursday Okechukwu also a foundation member of the APC countered the former Vice President wondering how on earth APC stole Atiku s Idea when about 2 billion dollars Signatures Bonus and 1 5 billion dollars LNG Proceeds between 2004 and 2006 were allegedly stolen under his watch The VON boss lampooned Atiku for the sleaze that trailed the privatisation of state owned enterprises under his watch as the Chairman of the National Council on Privatisation while he served as the nation s number two citizen Am one of those who going by President Olusegun Obasanjo s testimonies on Atiku his ambivalence on late Deborah s imbroglio and his antecedents will not go to bank with his posturing statement How come Atiku who failed to reform NNPC when he has the powers as chairman of National Economic Council and chairman of National Council Privatisation honestly come today to dissemble facts One challenges Atiku to refute the allegation of September 2009 Federation Accounts Allocation Committee that 2 billion dollars Signatures Bonus and 1 5 billion dollars were neither reflected in the Federation Account nor 47 32 per cent due to States and local government councils disbursed to them Thus violently breached Section 162 3 of the 1999 Constitution of the Federal Republic of Nigeria as amended which states Any amount standing to the credit of the Federation Account shall be distributed among the Federal and State Governments and the Local Government Councils in such a manner as may be prescribed by the National Assembly he said Okechukwu added One hopes that Atiku will not compel us to look into the less than transparent process which governed the privatisation of State Owned Enterprises when he was chairman of the National Council on Privatisation The outcome of which is sordid result of gnashing of teeth where instead of coming to life the enterprises like Niger Dock Electricity Distribution Companies et al are not the envisaged instrument of economic development but poverty creation According to Okechukwu His Excellency Atiku Abubukar instead of commending the uncommon patriotism and political will of President Buhari to hands off the NNPC s honeypot is engrossed with Fake News and dissembling of facts He said that time has changed and Nigerians were very anxious of reality more than before Recall that Atiku had in his statement said I had in 2018 made public my plans to reform the NNPC to make it more profitable transparent and efficient The APCled government denigrated me for my patriotic vision But today I am happy to note that the same government has taken a tentative step along the lines of the suggestions that I had made Atiku added that I hope I ll have the opportunity to complete the process of turning the NNPC into a genuinely world class company in the mold of the NLNG Aramco of Saudi Arabia and Petrobras of Brazil where Nigerians and institutions will invest in NewsSourceCredit NAN
    Atiku dissembled on NNPC restructuring-Okechukwu
      The Director General of the Voice of Nigeria VON Mr Osita Okechukwu has taken a swipe at the Presidential Candidate of the Peoples Democratic Party PDP and former Vice President Alhaji Atiku Abubakar for accusing the ruling party of stealing his idea to reform the Nigerian National Petroleum Corporation NNPC While reacting to the unveiling of the NNPC Limited last Tuesday the PDP Presidential standard bearer alleged that APC stole his idea to reform the state owned oil corporation to make it more profitable transparent and efficient But in a statement on Thursday Okechukwu also a foundation member of the APC countered the former Vice President wondering how on earth APC stole Atiku s Idea when about 2 billion dollars Signatures Bonus and 1 5 billion dollars LNG Proceeds between 2004 and 2006 were allegedly stolen under his watch The VON boss lampooned Atiku for the sleaze that trailed the privatisation of state owned enterprises under his watch as the Chairman of the National Council on Privatisation while he served as the nation s number two citizen Am one of those who going by President Olusegun Obasanjo s testimonies on Atiku his ambivalence on late Deborah s imbroglio and his antecedents will not go to bank with his posturing statement How come Atiku who failed to reform NNPC when he has the powers as chairman of National Economic Council and chairman of National Council Privatisation honestly come today to dissemble facts One challenges Atiku to refute the allegation of September 2009 Federation Accounts Allocation Committee that 2 billion dollars Signatures Bonus and 1 5 billion dollars were neither reflected in the Federation Account nor 47 32 per cent due to States and local government councils disbursed to them Thus violently breached Section 162 3 of the 1999 Constitution of the Federal Republic of Nigeria as amended which states Any amount standing to the credit of the Federation Account shall be distributed among the Federal and State Governments and the Local Government Councils in such a manner as may be prescribed by the National Assembly he said Okechukwu added One hopes that Atiku will not compel us to look into the less than transparent process which governed the privatisation of State Owned Enterprises when he was chairman of the National Council on Privatisation The outcome of which is sordid result of gnashing of teeth where instead of coming to life the enterprises like Niger Dock Electricity Distribution Companies et al are not the envisaged instrument of economic development but poverty creation According to Okechukwu His Excellency Atiku Abubukar instead of commending the uncommon patriotism and political will of President Buhari to hands off the NNPC s honeypot is engrossed with Fake News and dissembling of facts He said that time has changed and Nigerians were very anxious of reality more than before Recall that Atiku had in his statement said I had in 2018 made public my plans to reform the NNPC to make it more profitable transparent and efficient The APCled government denigrated me for my patriotic vision But today I am happy to note that the same government has taken a tentative step along the lines of the suggestions that I had made Atiku added that I hope I ll have the opportunity to complete the process of turning the NNPC into a genuinely world class company in the mold of the NLNG Aramco of Saudi Arabia and Petrobras of Brazil where Nigerians and institutions will invest in NewsSourceCredit NAN
    Atiku dissembled on NNPC restructuring-Okechukwu
    General news4 months ago

    Atiku dissembled on NNPC restructuring-Okechukwu

    The Director-General of the Voice of Nigeria (VON) Mr Osita Okechukwu has taken a swipe at the Presidential Candidate of the Peoples Democratic Party (PDP) and former Vice President, Alhaji Atiku Abubakar for accusing the ruling party of stealing his idea to reform the Nigerian National Petroleum Corporation (NNPC).

    While reacting to the unveiling of the NNPC Limited last Tuesday, the PDP Presidential standard bearer alleged that APC stole his idea to reform the state owned oil corporation to make it more profitable, transparent and efficient.

    But in a statement on Thursday, Okechukwu, also a foundation member of the APC countered the former Vice President, wondering how on earth APC stole Atiku’s Idea when about 2 billion dollars Signatures Bonus and 1.5 billion dollars LNG Proceeds between 2004 and 2006, were allegedly stolen under his watch.

    The VON boss lampooned Atiku for the sleaze that trailed the privatisation of state owned enterprises under his watch as the Chairman of the National Council on Privatisation while he served as the nation’s number two citizen.

    “Am one of those who going by President Olusegun Obasanjo’s testimonies on Atiku, his ambivalence on late Deborah’s imbroglio and his antecedents will not go to bank with his posturing statement.

    “How come Atiku who failed to reform NNPC when he has the powers as chairman of National Economic Council and chairman of National Council Privatisation honestly come today to dissemble facts?” “One challenges Atiku to refute the allegation of September 2009 Federation Accounts Allocation Committee, that 2 billion dollars Signatures Bonus and 1.5 billion dollars were neither reflected in the Federation Account nor 47.32 per cent due to States and local government councils disbursed to them.

    “Thus, violently breached Section 162{3} of the 1999 Constitution of the Federal Republic of Nigeria as amended, which states, “Any amount standing to the credit of the Federation Account shall be distributed among the Federal and State Governments and the Local Government Councils in such a manner as may be prescribed by the National Assembly,” he said.

    Okechukwu added:”One hopes that Atiku will not compel us to look into the less than transparent process which governed the privatisation of State Owned Enterprises when he was chairman of the National Council on Privatisation.

    “The outcome of which is sordid result of gnashing of teeth where instead of coming to life the enterprises like Niger Dock, Electricity Distribution Companies et al are not the envisaged instrument of economic development, but poverty creation.” According to Okechukwu, His Excellency Atiku Abubukar instead of commending the uncommon patriotism and political will of President Buhari to hands off the NNPC’s honeypot, is engrossed with Fake News and dissembling of facts.

    He said that time has changed and Nigerians were very anxious of reality more than before.

    Recall that Atiku had in his statement said:“I had in 2018 made public my plans to reform the NNPC to make it more profitable, transparent, and efficient.

    The APCled government denigrated me for my patriotic vision.

    “But today, I am happy to note that the same government has taken a tentative step along the lines of the suggestions that I had made.” Atiku added that, “I hope I’ll have the opportunity to complete the process of turning the NNPC into a genuinely world-class company in the mold of the NLNG, Aramco of Saudi Arabia, and Petrobras of Brazil, where Nigerians and institutions will invest in.”

    NewsSourceCredit: NAN

  •  The Nigeria Extractive Industries Transparency Initiative NEITI has welcomed with high expectation the transition of the Nigeria National Petroleum Corporation to an independent limited liability Company NEITI s Executive Secretary Dr Orji Ogbonnaya Orji who witnessed the unveiling on Tuesday in Abuja expressed hope that with the transition to a commercial entity it was in a better position to compete favourably with leading international oil companies globally Orji in a statement by Mrs Obiageli Onuora Head Communications and Advocacy NEITI said that the transition was in line with the recommendations of NEITI industry reports for the oil and gas sector The report covered 1999 to 2019 which equally led to the emergence of the Petroleum Industry Act 2021 PIA He said in the NEITI oil and gas reports that covered 1999 2019 NEITI had consistently recommended that Nigeria s national oil company should be privatised to make it competitive like other national oil companies across the globe Nigeria needs a business oriented NNPC to deliver the country s energy needs energy transition energy security diversification of its economy and the building of a sustainable energy future for the country Orji added He further explained that the immediate challenges that the new NNPC needed to tackle was to free Nigeria from fuel importation The immediate questions that an average Nigerian is asking are what is likely to change from the NNPC we know and the new NNPC Limited What will happen to jobs institutions profit making transparency and accountability he said He commended the new team in NNPC and the present administration for the political will to get this reform done Orji expressed confidence that the NNPC Ltd would live up to its obligations as a supporting company of the global EITI He reiterated its call on the Federal Government to replicate the same feat for the solid minerals sector According to the transparency boss Nigeria s solid minerals sector also needs a holding company similar to NNPC Ltd NEITI is advocating for the NLNG model which has proven to be sustainable profitable and accountable Despite the challenges faced by the oil and gas sector during the Covid 19 pandemic NLNG in Nigeria posted profits and even dividends This is remarkable With this unveiling some of the provisions in the PIA have been met while NNPC ranks among national oil and gas companies to be publicly listed in Africa with an initial share capital of N200 billion and net assets of more than 59 billion NEITI is confident that the PIA Steering Committee PIASTEERCO to which it is a member will ensure that the provisions of the PIA are implemented to the letter and Nigeria s oil and gas industry is positioned for a profitable and sustainable future NewsSourceCredit NAN
    NEITI lauds NNPC transition
     The Nigeria Extractive Industries Transparency Initiative NEITI has welcomed with high expectation the transition of the Nigeria National Petroleum Corporation to an independent limited liability Company NEITI s Executive Secretary Dr Orji Ogbonnaya Orji who witnessed the unveiling on Tuesday in Abuja expressed hope that with the transition to a commercial entity it was in a better position to compete favourably with leading international oil companies globally Orji in a statement by Mrs Obiageli Onuora Head Communications and Advocacy NEITI said that the transition was in line with the recommendations of NEITI industry reports for the oil and gas sector The report covered 1999 to 2019 which equally led to the emergence of the Petroleum Industry Act 2021 PIA He said in the NEITI oil and gas reports that covered 1999 2019 NEITI had consistently recommended that Nigeria s national oil company should be privatised to make it competitive like other national oil companies across the globe Nigeria needs a business oriented NNPC to deliver the country s energy needs energy transition energy security diversification of its economy and the building of a sustainable energy future for the country Orji added He further explained that the immediate challenges that the new NNPC needed to tackle was to free Nigeria from fuel importation The immediate questions that an average Nigerian is asking are what is likely to change from the NNPC we know and the new NNPC Limited What will happen to jobs institutions profit making transparency and accountability he said He commended the new team in NNPC and the present administration for the political will to get this reform done Orji expressed confidence that the NNPC Ltd would live up to its obligations as a supporting company of the global EITI He reiterated its call on the Federal Government to replicate the same feat for the solid minerals sector According to the transparency boss Nigeria s solid minerals sector also needs a holding company similar to NNPC Ltd NEITI is advocating for the NLNG model which has proven to be sustainable profitable and accountable Despite the challenges faced by the oil and gas sector during the Covid 19 pandemic NLNG in Nigeria posted profits and even dividends This is remarkable With this unveiling some of the provisions in the PIA have been met while NNPC ranks among national oil and gas companies to be publicly listed in Africa with an initial share capital of N200 billion and net assets of more than 59 billion NEITI is confident that the PIA Steering Committee PIASTEERCO to which it is a member will ensure that the provisions of the PIA are implemented to the letter and Nigeria s oil and gas industry is positioned for a profitable and sustainable future NewsSourceCredit NAN
    NEITI lauds NNPC transition
    General news4 months ago

    NEITI lauds NNPC transition

    The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with high expectation, the transition of the Nigeria National Petroleum Corporation to an independent limited liability Company.

    NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, who witnessed the unveiling on Tuesday in Abuja, expressed hope that with the transition to a commercial entity, it was in a better position to compete favourably with leading international oil companies globally.

    Orji, in a statement by Mrs Obiageli Onuora, Head, Communications and Advocacy, NEITI said that the transition was in line with the recommendations of NEITI industry reports for the oil and gas sector.

    The report covered 1999 to 2019 which equally led to the emergence of the Petroleum Industry Act 2021 (PIA).

    He said in the NEITI oil and gas reports that covered 1999 – 2019, NEITI had consistently recommended that Nigeria’s national oil company should be privatised to make it competitive like other national oil companies across the globe.

    “Nigeria needs a business oriented NNPC to deliver the country’s energy needs, energy transition, energy security, diversification of its economy and the building of a sustainable energy future for the country, ” Orji added.

    He further explained that the immediate challenges that the new NNPC needed to tackle was to free Nigeria from fuel importation.

    “The immediate questions that an average Nigerian is asking are what is likely to change from the NNPC we know and the new NNPC Limited?

    What will happen to jobs, institutions, profit making, transparency and accountability, ” he said.

    He commended the new team in NNPC and the present administration for the political will to get this reform done.

    Orji expressed confidence that the NNPC Ltd.

    would live up to its obligations as a supporting company of the global EITI.

    He reiterated its call on the Federal Government to replicate the same feat for the solid minerals sector.

    According to the transparency boss, “Nigeria’s solid minerals sector also needs a holding company similar to NNPC Ltd.

    NEITI is advocating for the NLNG model which has proven to be sustainable, profitable and accountable.

     Despite the challenges faced by the oil and gas sector during the Covid-19 pandemic, NLNG in Nigeria posted profits and even dividends.

    This is remarkable”.

    With this unveiling, some of the provisions in the PIA have been met, while NNPC ranks among national oil and gas companies to be publicly listed in Africa with an initial share capital of N200 billion and net assets of more than $59 billion.

    NEITI is confident that the PIA Steering Committee (PIASTEERCO), to which it is a member, will ensure that the provisions of the PIA are implemented to the letter and Nigeria’s oil and gas industry is positioned for a profitable and sustainable future.

    NewsSourceCredit: NAN

  •  Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria s gas crisis especially with the lingering supply shortage and price increment The stakeholders identified insecurity naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria s gas sector They spoke during a panel session with the topic Harnessing the Opportunities in the Nigerian Gas Sector at the 2022 Nigerian Oil and Gas NOG conference in Abuja The News Agency of Nigeria reports that those who spoke included Mr Roger Brown the Chief Executive Officer Seplat Energy Plc Mr Phillip Mshelbila Chief Executive Officer Nigeria LNG Ltd and Mr Ed Ubong President Nigerian Gas Association NGA Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector He said There s a wall of money ready to come into this country but they look at barriers to it and one of the biggest barrier is the currency So currency convertibility you know bringing equipment in dollars and then having a mainly Naira revenue stream These things are fixable We need to get those right there in any amount of big projects and really exciting projects And what I like about the economics here in Nigeria is that they are unbelievably good Rogers said with majority of Nigerians lacking access to energy it was a huge opportunity for both local and foreigner investors to come into the sector He said the 700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo State was near completion Rogers 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 Also Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government He said What many people may not be aware of is that we actually have the plan captured in the decade of gas framework It s an excellent piece of work It has looked at the demand side of natural gas in Nigeria domestic and export It has looked at the supply side then looked at infrastructure and then it has looked at the commercial or economic framework that is needed to address all of this And it has outlined very specific things that need to be done to address it The NLNG boss said the plan included construction of gas pipelines the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country On his part Ubong tendered an apology to Nigerians for the scarcity of gas in the country especially within the last six months There is not enough gas for cooking so the cooking gas prices have gone up There is not enough gas to fire the terminal plant so there is virtually no electricity the NGA president said He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation Ubong said My appeal to the Federal Government is let s find a way and pay this money so that there will be peace It is my suggestion that the Federal Government should then hold upstream producers The government can thereafter say I have defrayed my debt you must then bring the gas volumes that you promised so that there will be enough supply in the country NewsSourceCredit NAN
    Seplat, NLNG proffer solutions to Nigeria’s gas crisis
     Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria s gas crisis especially with the lingering supply shortage and price increment The stakeholders identified insecurity naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria s gas sector They spoke during a panel session with the topic Harnessing the Opportunities in the Nigerian Gas Sector at the 2022 Nigerian Oil and Gas NOG conference in Abuja The News Agency of Nigeria reports that those who spoke included Mr Roger Brown the Chief Executive Officer Seplat Energy Plc Mr Phillip Mshelbila Chief Executive Officer Nigeria LNG Ltd and Mr Ed Ubong President Nigerian Gas Association NGA Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector He said There s a wall of money ready to come into this country but they look at barriers to it and one of the biggest barrier is the currency So currency convertibility you know bringing equipment in dollars and then having a mainly Naira revenue stream These things are fixable We need to get those right there in any amount of big projects and really exciting projects And what I like about the economics here in Nigeria is that they are unbelievably good Rogers said with majority of Nigerians lacking access to energy it was a huge opportunity for both local and foreigner investors to come into the sector He said the 700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa in Imo State was near completion Rogers 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 Also Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government He said What many people may not be aware of is that we actually have the plan captured in the decade of gas framework It s an excellent piece of work It has looked at the demand side of natural gas in Nigeria domestic and export It has looked at the supply side then looked at infrastructure and then it has looked at the commercial or economic framework that is needed to address all of this And it has outlined very specific things that need to be done to address it The NLNG boss said the plan included construction of gas pipelines the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country On his part Ubong tendered an apology to Nigerians for the scarcity of gas in the country especially within the last six months There is not enough gas for cooking so the cooking gas prices have gone up There is not enough gas to fire the terminal plant so there is virtually no electricity the NGA president said He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation Ubong said My appeal to the Federal Government is let s find a way and pay this money so that there will be peace It is my suggestion that the Federal Government should then hold upstream producers The government can thereafter say I have defrayed my debt you must then bring the gas volumes that you promised so that there will be enough supply in the country NewsSourceCredit NAN
    Seplat, NLNG proffer solutions to Nigeria’s gas crisis
    Oil & Gas5 months ago

    Seplat, NLNG proffer solutions to Nigeria’s gas crisis

    Stakeholders in the gas sector on Tuesday called for a holistic approach in fixing Nigeria’s gas crisis, especially with the lingering supply shortage and price increment.The stakeholders identified insecurity, naira depreciation and lack of a workable pricing template as some of the factors affecting the development of Nigeria’s gas sector.They spoke during a panel session with the topic:” Harnessing the Opportunities in the Nigerian Gas Sector,” at the 2022 Nigerian Oil and Gas (NOG) conference in Abuja.The News Agency of Nigeria reports that those who spoke included Mr Roger Brown, the Chief Executive Officer, Seplat Energy Plc, Mr Phillip Mshelbila, Chief Executive Officer, Nigeria LNG Ltd. and Mr Ed Ubong, President, Nigerian Gas Association ( NGA).Brown said Nigeria was blessed with abundant gas resources but needed the right investments to maximise opportunities in the sector.He said: “There’s a wall of money ready to come into this country; but they look at barriers to it and one of the biggest barrier is the currency.“So, currency convertibility you know, bringing equipment in dollars, and then having a mainly Naira revenue stream.“These things are fixable. We need to get those right there in any amount of big projects and really exciting projects. And what I like about the economics here in Nigeria is that they are unbelievably good.”Rogers said with majority of Nigerians lacking access to energy, it was a huge opportunity for both local and foreigner investors to come into the sector.He said the $700 million ANOH Gas Processing Company being constructed by Seplat and the NNPC at Asaa, , in Imo State was near completion.Rogers 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.Also, Mshelbila said there was the need for a collaborative and comprehensive solution to the issue which was already captured in the Decade of Gas Plan of the Federal Government.He said: “What many people may not be aware of is that we actually have the plan captured in the decade of gas framework.“It’s an excellent piece of work. It has looked at the demand side of natural gas in Nigeria, domestic and export.“It has looked at the supply side, then looked at infrastructure, and then it has looked at the commercial or economic framework that is needed to address all of this. And it has outlined very specific things that need to be done to address it.”The NLNG boss said the plan included construction of gas pipelines, the ongoing NLNG Train 7 project as well as gas to power initiative that would drive industrial growth in the country.On his part, Ubong tendered an apology to Nigerians for the scarcity of gas in the country, especially within the last six months.“There is not enough gas for cooking, so the cooking gas prices have gone up. There is not enough gas to fire the terminal plant, so there is virtually no electricity,” the NGA president said.He said it was very clear that upstream players were not happy with the legacy debts that they were being owed for gas supplied for power generation.Ubong said: “My appeal to the Federal Government is let’s find a way and pay this money so that there will be peace.“It is my suggestion that the Federal Government should then hold upstream producers.“The government can thereafter say, ‘I have defrayed my debt, you must then bring the gas volumes that you promised so that there will be enough supply in the country.”NewsSourceCredit: NAN

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