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  •   Ten takeaways from State Visit to Portugal Two Nations and the will for strategic partnership Garba Shehu TEN TAKEAWAYS FROM STATE VISIT TO PORTUGAL TWO NATIONS AND THE WILL FOR STRATEGIC PARTNERSHIP By Garba Shehu President Muhammadu Buhari s State Visit to Lisbon Portugal Wednesday 28th June to 2nd July was a first class success story and this is measurable by outcomes not least the real determination of the two nations to engender a close relationship Many in Nigeria remember that historically Portuguese sailors were the first in Europe ahead of British to have contact with the territory now called Nigeria when a certain Explorer Rui de Sequira visited the Lagos area in 1472 actually naming the area around the city as Lago de Curamo which means Lake of Curamo Curamo recall Kuramo Lagoon Kuramo Beach and Kuramo Hall at the famous Eko Hotel Lagos Among the important things embedded in the vision of Nigeria s role and place in the world clearly laid by President Muhammadu Buhari is the revival of important relationships that have suffered long neglect In addition he has a strong willingness to assume the leadership expected from Africa s largest country in population and economy So herein lies the first importance of this visit One there can be no better illustration of the larger strategic goal of the future of this relationship than the eight agreements and Memoranda Of Agreement MOUs signed in the course of this visit These are the MOU on political consultations diplomatic training research and exchange of information and documentation cooperation in the field of culture in the field of women and girls development empowerment and gender affairs youths and in the area of sports At the very well attended Portugal and Nigeria Economic Forum with the chosen theme Expanding Investment and Trade Between Nigeria and Portugal two agreements also were signed one between the Nigerian Investment Promotion Council and AICEP its Portuguese equivalent and another between the Nigerian Association of Chambers of Commerce NACCIMA and the similar body in Portugal Two this visit achieved a desire for a strategic partnership to strengthen the work Nigeria has been praised for doing by all levels of Portuguese authority President Prime Minister President of National Assembly and Mayor of Lisbon which is her stabilizing role in West Africa and importantly for the hosts the stability and support of the ex Portuguese territories in the subregion specifically Guinea Bissau and S o Tom and Principe This is resonating very well with the Portuguese Three Invariably linked to this is the convergence of strategic interests and the laying of a framework to strengthen security and cooperation between the two states Portugal which has an association with with its former territories in Africa the equivalent of our own British Commonwealth made up of Angola and Cape Verde in addition to the two others states mentioned They have troops deployed for safekeeping duty in West Africa They have committed to support Nigeria in military training the sharing of intelligence and in the war against terrorism Four Nigeria and Portugal have equally identified a common interest and goal in the transatlantic gas pipeline for which our country needs investment and security This is with a view to finding a market in Europe for the enormous gas resources available to us After listening to a briefing on the pipeline by Mele Kyari the Group Managing Director of the Nigerian National Petroleum Company NNPC Limited President Marcelo de Sousa was quick to show interest in the maritime mapping of the gas pipeline instead of the Trans Saharan pathway which is equally an option Portugal says President Sousa has chosen for itself the role of the spokesman and defender of African interests in the EU Nigerian LNG is important for Portugal especially at this time of the Russia Ukraine war and the regime of western sanctions imposed on the Russian supply of oil and gas With 60 percent of our LNG going to Portugal meeting 30 percent of their energy needs Portugal is today more energy secure than most of their Russia dependent European neighbours It is noteworthy that the Portuguese are very appreciative of the consistency and reliability of the gas from Nigeria thanks of course to good management from NLNG Five The Kano Maradi railway line being constructed by a Portuguese company Mota Engil is turning out to be a significant factor in the emerging relations between our countries Despite President Buhari s emphasis at several speaking opportunities that the contractor met all requirements to beat others to get the job the Portuguese authorities see it not only as a milestone in trade relations but also as a trailblazer and a precursor to the evolution of Nigeria as the gateway to the vast African market opened up by the African Continental Free Trade Area AfCFTA President Sousa spoke about their wish for the entry into the Nigerian market of Portuguese companies not in 30s or 100 but in their thousands Six Portugal which was a strong force in the UN recognition of Nigeria as one of five centres for vaccine production in Africa has determined to key into our health sector They will come in It s a country with a very strong pharmaceutical economy Seven in the choice of Jose Peseiro the Portuguese coach of the Super Eagles Nigeria struck yet another positive cord that resonates politically and diplomatically Even before the advent of coach Peseiro there are more than 200 professional football players of Nigerian origin in Portugal Some of them were brought to a meeting with the President coordinated by Chairman Nigerians in Diaspora Commission NiDCOM Hon Abike Dabiri Erewa Now we have a commitment that the country famous for producing Ronaldo and for its globally recognized football academy is opening up chances for our youth to train Eight there is also a welcome plan to share the achievements of Portugal in the field of renewable energy With 60 percent of their energy got from renewable sources that country ranks among the world leaders hoping to reach carbon neutrality by 2030 For the Buhari administration and hopefully for the succeeding ones the attainment of set climate change objectives will continue as a priority For our two countries this will be a win win Nine we have now an MOU on political consultations diplomatic training research and exchange of information and documentation This will see our two nations working hand in hand at multilateral institutions including the UN Portugal prides herself with experience in international relations Ten Lastly is the important thing about the very strong alignment of strategic interests of both countries It s rare to see this anywhere The commitment to be with Nigeria is everywhere All levels of authority in the country President Prime Minister President of the National Assembly and Mayor of Lisbon showing a total commitment to align with Nigeria President Sousa in his second term said I waited six years for this marriage They honored him with that country s highest national order For President Buhari this visit is an affirmation of the norm that global aspirations must be accompanied by global engagements and a demonstration of his determination to turn commitments into actions Hopefully these will lead to the acceleration of the nation s economic growth securing the country attracting investment and creating jobs Garba Shehu is Senior Special Assistant to the President Media and Publicity NewsSourceCredit NAN
    Ten takeaways from State Visit to Portugal: Two Nations and the will for strategic partnership – Garba Shehu
      Ten takeaways from State Visit to Portugal Two Nations and the will for strategic partnership Garba Shehu TEN TAKEAWAYS FROM STATE VISIT TO PORTUGAL TWO NATIONS AND THE WILL FOR STRATEGIC PARTNERSHIP By Garba Shehu President Muhammadu Buhari s State Visit to Lisbon Portugal Wednesday 28th June to 2nd July was a first class success story and this is measurable by outcomes not least the real determination of the two nations to engender a close relationship Many in Nigeria remember that historically Portuguese sailors were the first in Europe ahead of British to have contact with the territory now called Nigeria when a certain Explorer Rui de Sequira visited the Lagos area in 1472 actually naming the area around the city as Lago de Curamo which means Lake of Curamo Curamo recall Kuramo Lagoon Kuramo Beach and Kuramo Hall at the famous Eko Hotel Lagos Among the important things embedded in the vision of Nigeria s role and place in the world clearly laid by President Muhammadu Buhari is the revival of important relationships that have suffered long neglect In addition he has a strong willingness to assume the leadership expected from Africa s largest country in population and economy So herein lies the first importance of this visit One there can be no better illustration of the larger strategic goal of the future of this relationship than the eight agreements and Memoranda Of Agreement MOUs signed in the course of this visit These are the MOU on political consultations diplomatic training research and exchange of information and documentation cooperation in the field of culture in the field of women and girls development empowerment and gender affairs youths and in the area of sports At the very well attended Portugal and Nigeria Economic Forum with the chosen theme Expanding Investment and Trade Between Nigeria and Portugal two agreements also were signed one between the Nigerian Investment Promotion Council and AICEP its Portuguese equivalent and another between the Nigerian Association of Chambers of Commerce NACCIMA and the similar body in Portugal Two this visit achieved a desire for a strategic partnership to strengthen the work Nigeria has been praised for doing by all levels of Portuguese authority President Prime Minister President of National Assembly and Mayor of Lisbon which is her stabilizing role in West Africa and importantly for the hosts the stability and support of the ex Portuguese territories in the subregion specifically Guinea Bissau and S o Tom and Principe This is resonating very well with the Portuguese Three Invariably linked to this is the convergence of strategic interests and the laying of a framework to strengthen security and cooperation between the two states Portugal which has an association with with its former territories in Africa the equivalent of our own British Commonwealth made up of Angola and Cape Verde in addition to the two others states mentioned They have troops deployed for safekeeping duty in West Africa They have committed to support Nigeria in military training the sharing of intelligence and in the war against terrorism Four Nigeria and Portugal have equally identified a common interest and goal in the transatlantic gas pipeline for which our country needs investment and security This is with a view to finding a market in Europe for the enormous gas resources available to us After listening to a briefing on the pipeline by Mele Kyari the Group Managing Director of the Nigerian National Petroleum Company NNPC Limited President Marcelo de Sousa was quick to show interest in the maritime mapping of the gas pipeline instead of the Trans Saharan pathway which is equally an option Portugal says President Sousa has chosen for itself the role of the spokesman and defender of African interests in the EU Nigerian LNG is important for Portugal especially at this time of the Russia Ukraine war and the regime of western sanctions imposed on the Russian supply of oil and gas With 60 percent of our LNG going to Portugal meeting 30 percent of their energy needs Portugal is today more energy secure than most of their Russia dependent European neighbours It is noteworthy that the Portuguese are very appreciative of the consistency and reliability of the gas from Nigeria thanks of course to good management from NLNG Five The Kano Maradi railway line being constructed by a Portuguese company Mota Engil is turning out to be a significant factor in the emerging relations between our countries Despite President Buhari s emphasis at several speaking opportunities that the contractor met all requirements to beat others to get the job the Portuguese authorities see it not only as a milestone in trade relations but also as a trailblazer and a precursor to the evolution of Nigeria as the gateway to the vast African market opened up by the African Continental Free Trade Area AfCFTA President Sousa spoke about their wish for the entry into the Nigerian market of Portuguese companies not in 30s or 100 but in their thousands Six Portugal which was a strong force in the UN recognition of Nigeria as one of five centres for vaccine production in Africa has determined to key into our health sector They will come in It s a country with a very strong pharmaceutical economy Seven in the choice of Jose Peseiro the Portuguese coach of the Super Eagles Nigeria struck yet another positive cord that resonates politically and diplomatically Even before the advent of coach Peseiro there are more than 200 professional football players of Nigerian origin in Portugal Some of them were brought to a meeting with the President coordinated by Chairman Nigerians in Diaspora Commission NiDCOM Hon Abike Dabiri Erewa Now we have a commitment that the country famous for producing Ronaldo and for its globally recognized football academy is opening up chances for our youth to train Eight there is also a welcome plan to share the achievements of Portugal in the field of renewable energy With 60 percent of their energy got from renewable sources that country ranks among the world leaders hoping to reach carbon neutrality by 2030 For the Buhari administration and hopefully for the succeeding ones the attainment of set climate change objectives will continue as a priority For our two countries this will be a win win Nine we have now an MOU on political consultations diplomatic training research and exchange of information and documentation This will see our two nations working hand in hand at multilateral institutions including the UN Portugal prides herself with experience in international relations Ten Lastly is the important thing about the very strong alignment of strategic interests of both countries It s rare to see this anywhere The commitment to be with Nigeria is everywhere All levels of authority in the country President Prime Minister President of the National Assembly and Mayor of Lisbon showing a total commitment to align with Nigeria President Sousa in his second term said I waited six years for this marriage They honored him with that country s highest national order For President Buhari this visit is an affirmation of the norm that global aspirations must be accompanied by global engagements and a demonstration of his determination to turn commitments into actions Hopefully these will lead to the acceleration of the nation s economic growth securing the country attracting investment and creating jobs Garba Shehu is Senior Special Assistant to the President Media and Publicity NewsSourceCredit NAN
    Ten takeaways from State Visit to Portugal: Two Nations and the will for strategic partnership – Garba Shehu
    General news5 months ago

    Ten takeaways from State Visit to Portugal: Two Nations and the will for strategic partnership – Garba Shehu

    Ten takeaways from State Visit to Portugal: Two Nations and the will for strategic partnership – Garba Shehu

    TEN TAKEAWAYS FROM STATE VISIT TO PORTUGAL: TWO NATIONS AND THE WILL FOR STRATEGIC PARTNERSHIP

    By Garba Shehu

    President Muhammadu Buhari’s State Visit to Lisbon, Portugal, Wednesday 28th June to 2nd July was a first class success story and this is measurable by outcomes, not least, the real determination of the two nations to engender a close relationship.

    Many in Nigeria remember that historically, Portuguese sailors were the first in Europe (ahead of British) to have contact with the territory now called Nigeria, when a certain Explorer, Rui de Sequira visited the Lagos area in 1472, actually naming the area around the city as Lago de Curamo, which means Lake of Curamo (Curamo, recall Kuramo Lagoon, Kuramo Beach and Kuramo Hall at the famous Eko Hotel, Lagos).

    Among the important things embedded in the vision of Nigeria’s role and place in the world , clearly laid by President Muhammadu Buhari, is the revival of important relationships that have suffered long neglect. In addition, he has a strong willingness to assume the leadership expected from Africa’s largest country in population and economy.

    So herein lies the first importance of this visit.

    One, there can be no better illustration of the larger strategic goal of the future of this relationship than the eight agreements and Memoranda Of Agreement, MOUs signed in the course of this visit.

    These are the MOU on political consultations, diplomatic training, research and exchange of information and documentation; cooperation in the field of culture; in the field of women and girls development, empowerment and gender affairs; youths and in the area of sports.

    At the very well attended Portugal and Nigeria Economic Forum with the chosen theme: “Expanding Investment and Trade Between Nigeria and Portugal,” two agreements also were signed, one between the Nigerian Investment Promotion Council and AICEP, its Portuguese equivalent and another between the Nigerian Association of Chambers of Commerce, NACCIMA and the similar body in Portugal.

    Two, this visit achieved a desire for a strategic partnership to strengthen the work Nigeria has been praised for doing by all levels of Portuguese authority- President, Prime Minister, President of National Assembly and Mayor of Lisbon-which is her stabilizing role in West Africa and importantly for the hosts, the stability and support of the ex-Portuguese territories in the subregion, specifically Guinea Bissau and São Tomé and Principe. This is resonating very well with the Portuguese.

    Three. Invariably linked to this is the convergence of strategic interests and the laying of a framework to strengthen security and cooperation between the two states.

    Portugal which has an association with with its former territories in Africa, the equivalent of our own British Commonwealth made up of Angola and Cape Verde in addition to the two others states mentioned. They have troops deployed for safekeeping duty in West Africa. They have committed to support Nigeria in military training, the sharing of intelligence and in the war against terrorism.

    Four. Nigeria and Portugal have equally identified a common interest and goal in the transatlantic gas pipeline for which our country needs investment and security. This is with a view to finding a market in Europe for the enormous gas resources available to us. After listening to a briefing on the pipeline by Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, President Marcelo de Sousa was quick to show interest in the maritime mapping of the gas pipeline, instead of the Trans Saharan pathway which is equally an option. Portugal, says President Sousa has chosen for itself, the role of the spokesman and defender of African interests in the EU.

    Nigerian LNG is important for Portugal especially at this time of the Russia-Ukraine war, and the regime of western sanctions imposed on the Russian supply of oil and gas.

    With 60 percent of our LNG going to Portugal, meeting 30 percent of their energy needs, Portugal is today more energy secure than most of their Russia-dependent European neighbours. It is noteworthy that the Portuguese are very appreciative of the consistency and reliability of the gas from Nigeria, thanks of course to good management from NLNG.

    Five. The Kano-Maradi railway line being constructed by a Portuguese company, Mota-Engil, is turning out to be a significant factor in the emerging relations between our countries.

    Despite President Buhari’s emphasis at several speaking opportunities that the contractor met all requirements to beat others to get the job, the Portuguese authorities see it not only as a milestone in trade relations but also as a trailblazer and a precursor to the evolution of Nigeria as the gateway to the vast African market opened up by the African Continental Free Trade Area, AfCFTA.

    President Sousa spoke about their wish for the entry into the Nigerian market of Portuguese companies, “not in 30s or 100, but in their thousands.”

    Six, Portugal, which was a strong force in the UN recognition of Nigeria as one of five centres for vaccine production in Africa has determined to key into our health sector. They will come in. It’s a country with a very strong pharmaceutical economy.

    Seven, in the choice of Jose Peseiro, the Portuguese coach of the Super Eagles, Nigeria struck yet another positive cord that resonates politically and diplomatically.

    Even before the advent of coach Peseiro, there are more than 200 professional football players of Nigerian origin in Portugal.

    Some of them were brought to a meeting with the President, coordinated by Chairman, Nigerians in Diaspora Commission (NiDCOM), Hon Abike Dabiri-Erewa. Now, we have a commitment that the country famous for producing Ronaldo, and for its globally recognized football academy is opening up chances for our youth to train.

    Eight, there is also a welcome plan to share the achievements of Portugal in the field of renewable energy. With 60 percent of their energy got from renewable sources, that country ranks among the world leaders, hoping to reach carbon neutrality by 2030.

    For the Buhari administration, and hopefully for the succeeding ones, the attainment of set climate change objectives will continue as a priority. For our two countries, this will be a win-win.

    Nine, we have now an MOU on political consultations, diplomatic training, research and exchange of information and documentation. This will see our two nations working hand in hand at multilateral institutions including the UN. Portugal prides herself with experience in international relations.

    Ten. Lastly is the important thing about the very strong alignment of strategic interests of both countries. It’s rare to see this anywhere. The commitment to be with Nigeria is everywhere: All levels of authority in the country: President, Prime Minister, President of the National Assembly, and Mayor of Lisbon showing a total commitment to align with Nigeria. President Sousa in his second term said “I waited six years for this marriage.”

    They honored him with that country’s highest national order.

    For President Buhari, this visit is an affirmation of the norm that global aspirations must be accompanied by global engagements and a demonstration of his determination to turn commitments into actions.

    Hopefully, these will lead to the acceleration of the nation’s economic growth, securing the country, attracting investment and creating jobs.

    Garba Shehu is Senior Special Assistant to the President, Media and Publicity.

    NewsSourceCredit: NAN

  •  The Nigerian LNG Ltd has reiterated its commitment to ensuring 100 per cent Liquefied Petroleum Gas LPG production to the domestic market to support the growth of LPG utilisation in the country The NLNG said it would also help to reduce the health safety and environmental risks associated with the use of other domestic fuel sources Mr Olalekan Ogunleye the Deputy Managing Director NLNG made this known at the Second West Africa LPG Expo and Nigeria Liquefied Petroleum Gas Association NLPGA Summit on Thursday in Lagos The News Agency of Nigeria reports that the summit had as its theme Energising the Future LPG as a sustainable fuel in African Economies Ogunleye said NLNG remained committed to collaborating with regulators partners and industry players to grow the domestic LPG cooking gas market and bring cleaner energy to Nigerians He added that through the supply of LPG NLNG prioritised the supply of clean energy in Nigeria while working collaboratively with the government to grow LPG consumption in Nigeria as part of the national journey to a clean energy future Ogunleye said LPG domestic consumption in the country had increased by 300 per cent from about 60 000 metric tonnes in 2007 to over one million metric tonnes in 2020 He said further that the increase indicated that the domestic market was one of the fastest growing LPG markets in the world Ogunleye said a significant stimulus to the domestic LPG was the declaration by the Federal Government of the Decade of Gas and the support of regulators and industry stakeholders He stated that the declaration had created an enabling environment for investment and deliberate actions designed to ensure that Nigeria takes advantage of the global energy transition while monetising the country s extensive gas reserves Ogunleye said Since the start of the Domestic LPG Supply Scheme in 2007 NLNG has consistently increased both its reserved volumes for the domestic market and actual LPG volumes supplied NLNG intends to maintain this steady growth and supply contribution to the domestic market consistent with its vision of helping to build a better Nigeria Deliveries continue to be made through NLNG s chartered LPG Vessel entirely dedicated to delivering the product to Nigeria to underpin the scheme and ensure a steady supply of products without disruption According to him NLNG will continue to invest in supply logistics infrastructure and security to ensure product supply He said the company had made financial contributions towards refurbishing LPG receiving terminals in Lagos Ogunleye said By so doing it has made a significant economic impact on business development and the creation of employment opportunities NLNG s shareholders through its board have shown a strong commitment to the growth of the DLPG scheme through the consistent increase in reserved LPG volumes for the domestic market He said that with the support NLNG had increased its LPG footprint through the start of domestic propane delivery in September 2021 charting a path for future deliveries Earlier Mr Nuhu Yakubu President NLPGA commended the efforts of the Federal Government to safe handling of LPG and deepening its domestic utilisation Yakubu also lauded the NLNG for the DLPG scheme which had made the most significant impact on domestic LPG supply He said It has catalysed reduction in household energy poverty with reduction in the use of dirty fuel sources for cooking It has also stimulated growth in the industry through its multiplier effect positive impact on forward and backward linkage businesses with massive infrastructure build out that is currently experienced across the value chain today NewsSourceCredit NAN
    NLNG reiterates commitment to 100% LPG production to domestic market
     The Nigerian LNG Ltd has reiterated its commitment to ensuring 100 per cent Liquefied Petroleum Gas LPG production to the domestic market to support the growth of LPG utilisation in the country The NLNG said it would also help to reduce the health safety and environmental risks associated with the use of other domestic fuel sources Mr Olalekan Ogunleye the Deputy Managing Director NLNG made this known at the Second West Africa LPG Expo and Nigeria Liquefied Petroleum Gas Association NLPGA Summit on Thursday in Lagos The News Agency of Nigeria reports that the summit had as its theme Energising the Future LPG as a sustainable fuel in African Economies Ogunleye said NLNG remained committed to collaborating with regulators partners and industry players to grow the domestic LPG cooking gas market and bring cleaner energy to Nigerians He added that through the supply of LPG NLNG prioritised the supply of clean energy in Nigeria while working collaboratively with the government to grow LPG consumption in Nigeria as part of the national journey to a clean energy future Ogunleye said LPG domestic consumption in the country had increased by 300 per cent from about 60 000 metric tonnes in 2007 to over one million metric tonnes in 2020 He said further that the increase indicated that the domestic market was one of the fastest growing LPG markets in the world Ogunleye said a significant stimulus to the domestic LPG was the declaration by the Federal Government of the Decade of Gas and the support of regulators and industry stakeholders He stated that the declaration had created an enabling environment for investment and deliberate actions designed to ensure that Nigeria takes advantage of the global energy transition while monetising the country s extensive gas reserves Ogunleye said Since the start of the Domestic LPG Supply Scheme in 2007 NLNG has consistently increased both its reserved volumes for the domestic market and actual LPG volumes supplied NLNG intends to maintain this steady growth and supply contribution to the domestic market consistent with its vision of helping to build a better Nigeria Deliveries continue to be made through NLNG s chartered LPG Vessel entirely dedicated to delivering the product to Nigeria to underpin the scheme and ensure a steady supply of products without disruption According to him NLNG will continue to invest in supply logistics infrastructure and security to ensure product supply He said the company had made financial contributions towards refurbishing LPG receiving terminals in Lagos Ogunleye said By so doing it has made a significant economic impact on business development and the creation of employment opportunities NLNG s shareholders through its board have shown a strong commitment to the growth of the DLPG scheme through the consistent increase in reserved LPG volumes for the domestic market He said that with the support NLNG had increased its LPG footprint through the start of domestic propane delivery in September 2021 charting a path for future deliveries Earlier Mr Nuhu Yakubu President NLPGA commended the efforts of the Federal Government to safe handling of LPG and deepening its domestic utilisation Yakubu also lauded the NLNG for the DLPG scheme which had made the most significant impact on domestic LPG supply He said It has catalysed reduction in household energy poverty with reduction in the use of dirty fuel sources for cooking It has also stimulated growth in the industry through its multiplier effect positive impact on forward and backward linkage businesses with massive infrastructure build out that is currently experienced across the value chain today NewsSourceCredit NAN
    NLNG reiterates commitment to 100% LPG production to domestic market
    General news5 months ago

    NLNG reiterates commitment to 100% LPG production to domestic market

    The Nigerian LNG Ltd. has reiterated its commitment to ensuring 100 per cent Liquefied Petroleum Gas (LPG) production to the domestic market to support the growth of LPG utilisation in the country.

    The NLNG said it would also help to reduce the health, safety and environmental risks associated with the use of other domestic fuel sources.

    Mr Olalekan Ogunleye, the Deputy Managing Director, NLNG, made this known at the Second West Africa LPG Expo and Nigeria Liquefied Petroleum Gas Association (NLPGA) Summit, on Thursday in Lagos.

    The News Agency of Nigeria reports that the summit had as its theme: “Energising the Future: LPG as a sustainable fuel in African Economies.”

    Ogunleye said NLNG remained committed to collaborating with regulators, partners, and industry players to grow the domestic LPG (cooking gas) market and bring cleaner energy to Nigerians.

    He added that through the supply of LPG, NLNG prioritised the supply of clean energy in Nigeria while working collaboratively with the government to grow LPG consumption in Nigeria as part of the national journey to a clean energy future.

    Ogunleye said LPG domestic consumption in the country had increased by 300 per cent, from about 60,000 metric tonnes in 2007 to over one million metric tonnes in 2020.

    He said further that the increase indicated that the domestic market was one of the fastest-growing LPG markets in the world.

    Ogunleye said a significant stimulus to the domestic LPG was the declaration by the Federal Government of the ”Decade of Gas” and the support of regulators and industry stakeholders.

    He stated that the declaration had created an enabling environment for investment and deliberate actions designed to ensure that Nigeria takes advantage of the global energy transition while monetising the country’s extensive gas reserves.

    Ogunleye said: “Since the start of the Domestic LPG Supply Scheme in 2007, NLNG has consistently increased both its reserved volumes for the domestic market and actual LPG volumes supplied.

    “NLNG intends to maintain this steady growth and supply contribution to the domestic market, consistent with its vision of helping to build a better Nigeria.

    “Deliveries continue to be made through NLNG’s chartered LPG Vessel, entirely dedicated to delivering the product to Nigeria to underpin the scheme and ensure a steady supply of products without disruption.”

    According to him, NLNG will continue to invest in supply logistics, infrastructure and security to ensure product supply.

    He said the company had made financial contributions towards refurbishing LPG receiving terminals in Lagos.

    Ogunleye said: “By so doing, it has made a significant economic impact on business development and the creation of employment opportunities.

    “NLNG’s shareholders, through its board, have shown a strong commitment to the growth of the DLPG scheme through the consistent increase in reserved LPG volumes for the domestic market. ”

    He said that with the support, NLNG had increased its LPG footprint through the start of domestic propane delivery in September 2021, charting a path for future deliveries.

    Earlier, Mr Nuhu Yakubu, President, NLPGA, commended the efforts of the Federal Government to safe handling of LPG and deepening its domestic utilisation.

    Yakubu also lauded the NLNG for the DLPG scheme which had made the most significant impact on domestic LPG supply.

    He said: “It has catalysed reduction in household energy poverty with reduction in the use of dirty fuel sources for cooking.

    “It has also stimulated growth in the industry, through its multiplier effect, positive impact on forward and backward linkage businesses with massive infrastructure build out that is currently experienced across the value chain today.”


    NewsSourceCredit: NAN

  •  The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence Under the administration s Energizing Education Economies and Agriculture Programmes the government had so far taken clean and reliable energy Solar and Gas to Federal Universities Teaching Hospitals Markets and Rural Areas across the country The four Universities completed and commissioned already are Bayero University Kano BUK Kano FUNAI Ebonyi ATBU Bauchi and FUPRE Delta Sabon Gari Market in Kano Ariaria Market in Aba and Sura Shopping Complex in Lagos On National Mass Metering Programme the Central Bank of Nigeria is providing N200 billion for this and so far more than one million meters have been rolled out in the first phase This first phase generated more than 10 000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on grid consumers launched in August 2020 The Solar Power Naija SPN Launched in April 2021 to deliver 5 million off grid solar connections would be impacting more than 20 million Nigerians and financed through Central Bank of Nigeria loans as well as through partnerships with NDPHC NNPC and the NSIA The programme is expected to generate an additional N7 billion increase in tax revenues per annum and 10 million in annual import substitution Under Solar Power Naija and NDPHC s partnership ASolar is rolling out 100 000 Solar Home Systems across the country while the NSIA partnering under SPN has announced a N10 billion fund for developers targeting more than 250 000 solar connections In May 2021 the Rural Electrification Agency REA announced the planned deployment of solar powered grids to 200 Primary Health Centres PHC and 104 Unity Schools nationwide Nigeria Electrification Project NEP is a 550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank NEP is a combination of subsidies direct contracts and technical assistance to support Electrification across Nigeria NEP has so far deployed more than 20 000 Standalone Solar Systems SHS as well as Solar Hybrid Mini grids in more than 250 locations across the country The Rural Electrification Fund REF created by the Electricity Power Sector Reform Act of 2005 was operationalized by the Buhari Administration in 2016 Since 2016 the REF under REA has executed more than N4 billion in projects with more than N5 billions of Off Grid mainly Solar projects slated to be executed across Nigeria in 2022 On the special grid interventions the Federal Government has many key grid initiatives with more than N125 2 billion budgeted between 2015 to 2021 for TCN and Development Finance Funding through the likes of World Bank AFDB AFD JICA and others of up to 1 7 billion The Central Bank of Nigeria is also funding 250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery Additionally through the Presidential Power Initiative PPI aka Siemens Power Program an additional 2 0 billion or more will be invested in the Transmission Grid PPI is a Government to Government initiative involving the Governments of Nigeria and Germany and Siemens AG of Germany to upgrade and modernize Nigeria s electricity grid The Contract for the pre engineering phase of the Presidential Power Initiative PPI was signed in Feb 2021 following the 2020 approval for the payment of FGN s counterpart funding for that phase while the first set of equipment contract awards were made in Dec 2021 comprising 10 Mobitra Transformers and 10 Substations In all the PPI will encompass as many as 127 individual Transmission and Distribution projects Brownfield and Greenfield Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha Delta Power Station to Benin as well as the Kano to Katsina 330kV line respectively The 200 million Transmission Infrastructure Project financed by JICA entails the construction of about 200 km of high voltage transmission lines and a number of high voltage substations benefiting several communities in the two States Also through a special CBN intervention for Transmission Distribution interfaces contracts have been awarded for more than 30 Substation Rehabilitations and 1 570MVA transformer capacity upgrades with 34 critical transformers to be installed or replaced On a Policy level the Nigerian Electricity Regulatory Commission NERC has rolled out various policies ranging from a Tariff Capping Regulation for un metered customers to the Eligible Customer Regulations to the introduction of a Service based Tariff Regime and CBN oversight of Disco Bank accounts which has helped improve payment discipline by Discos The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing The ministry has completed or is completing housing projects in 34 States of Nigeria under the National Housing Programme with the support of the State Governments who provided the land So far more than 5 000 houses are at various stages of completion and thousands more are planned The Family Homes Fund Limited FHFL incorporated by the Federal Government of Nigeria in Sept 2016 is the implementing agency for the Buhari Administration s National Social Housing scheme The Fund has now completed more than 13 000 homes across nine States with another 20 000 commencing building works in 2022 In the process these housing developments have created more than 64 000 direct and indirect jobs The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission NIPC Pioneer Status to e Commerce and software development companies Stipulation of N145 per linear meter cap on Highway Right of Way RoW for fibre optic cabling to incentivize investment in rollout Launch of new national 5G policy in 2021 and successful licensing of two private companies to rollout 5G nationally Nigeria s 5G rollout will commence in August 2022 Establishment of new National Data Protection Bureau which is expected to develop primary legislation for data protection and privacy Launch of new National Digital Economy Policy and Strategy by President Buhari in 2019 Drafting of the Nigeria Startup Bill NSB and submission of the draft Bill to the National Assembly for consideration and passage into law Establishment in 2021 of a National Centre for Artificial Intelligence and Robotics NCAIR Ongoing implementation starting 2021 of the National Information and Communication Technology Infrastructure Backbone Phase 2 NICTIB 2 Project The goal of NICTIB is to rollout a nationwide fibre infrastructure network Ongoing construction of a Tier 4 Data Center in Kano to join existing infrastructure in Abuja Tier 3 Data Center and Enugu A Disaster Recovery Site The Kano Data Center is expected to be completed in 2022 The major achievements of the Buhari administration in the area of oil and gas include Buhari s assent to the Petroleum Industry Act on Aug 16 2021 This broke a two decades old jinx and is setting the stage for the unprecedented transformation of Nigeria s oil and gas sector Under the new Act the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022 The regulatory framework for the sector has also changed with the establishment of a the Nigerian Upstream Petroleum Regulatory Commission NUPRC and b the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA which merged the hitherto existing Petroleum Products Pricing Regulatory Agency PPPRA Petroleum Equalization Fund Management Board PEFMB and the Midstream and Downstream Divisions of the Department of Petroleum Resources DPR The historic Signing Ceremony in May 2021 of the Execution of Oil Mining Lease OML 118 Agreements between NNPC Limited and its Contractor Partners Shell Exxon Mobil TOTAL and NAOC These Agreements settled long standing disputes that stalled development and will unlock more than 10 billion of new deep water investment in Nigeria The Buhari administration has declared this decade the Decade of Gas The Federal Government has embarked on the construction of 614km Ajaokuta Kaduna Kano Gas Project the largest domestic gas project in the country Already the government has secured US 45 million financing from the Islamic Development Bank for the Front End Engineering Design FEED Study for the Nigeria Morocco Gas Pipeline NMGP project The Agreement for the Pipeline project was signed by the two countries during President Buhari s State Visit to Morocco in June 2018 When completed it will be the longest offshore pipeline in the world and the second longest pipeline in the world running across 13 countries 11 of them in West Africa It s believed that the successful completion of Nigeria s first Marginal Field Bid Round in almost 20 years is expected to raise in excess of half a billion dollars and open up a new vista of investment in oil and gas Launch of National LPG Expansion Programme including Removal of VAT from the domestic pricing of LPG Financial close and signing of contract for NLNG Train 7 which will grow Nigeria s LNG production capacity by 35 per cent Nigeria and Morocco in 2021 signed an agreement to develop a US 1 4 billion multipurpose industrial platform Ammonia and Di Ammonium Phosphate production plants that will utilize Nigerian gas and Moroccan phosphate to produce 750 000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025 It will be located in Ikot Abasi Akwa Ibom State The nation also witnessed the inauguration in Dec 2020 of the new NPDC Integrated Gas Handling Facility in Edo the largest onshore LPG plant in the country with a processing capacity of 100 million standard cubic feet of gas daily producing 330 tonnes of LPG 345 tonnes of propane and 2 600 barrels of condensate daily The government also established a 350m Nigerian Content Intervention Fund to finance manufacturing contracts and assets in the oil and gas industry The NNPC Limited s National Petroleum Investment Management Services NAPIMS became in 2022 the first Government organization in West and North Africa to receive the ISO 22301 2019 Certification for Business Continuity Management from RINA On the financing and investment in the oil and gas Afreximbank announced in Jan 2022 that it will assist NNPC Limited to raise 5 billion financing to support investments in Nigeria s upstream industry and facilitate expanded energy supply Afrexim also disclosed plans to underwrite 1 billion of the total planned debt Final Investment Decision in January 2021 on a 10 000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board NCDMB in partnership with the private sector The plant is now under construction in Odeama Brass Bayelsa State On Policy Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery in Imo State and broke ground on Phase 2 which will add 20 000bpd processing capacity The Nigerian National Petroleum Corporation NNPC on Dec 21 2021 handed over a symbolic cheque of N621 24 Billion for the rehabilitation of 21 critical roads totalling 1 800km across the country through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019 Note that this does not mean that NNPC has gone into the business of constructing roads instead it is financing the construction of roads through its tax liabilities It s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme NUCOP would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a 10 or less per barrel production cost NAN
    Steps to changing Nigeria by Buhari Administration at 7
     The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence Under the administration s Energizing Education Economies and Agriculture Programmes the government had so far taken clean and reliable energy Solar and Gas to Federal Universities Teaching Hospitals Markets and Rural Areas across the country The four Universities completed and commissioned already are Bayero University Kano BUK Kano FUNAI Ebonyi ATBU Bauchi and FUPRE Delta Sabon Gari Market in Kano Ariaria Market in Aba and Sura Shopping Complex in Lagos On National Mass Metering Programme the Central Bank of Nigeria is providing N200 billion for this and so far more than one million meters have been rolled out in the first phase This first phase generated more than 10 000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on grid consumers launched in August 2020 The Solar Power Naija SPN Launched in April 2021 to deliver 5 million off grid solar connections would be impacting more than 20 million Nigerians and financed through Central Bank of Nigeria loans as well as through partnerships with NDPHC NNPC and the NSIA The programme is expected to generate an additional N7 billion increase in tax revenues per annum and 10 million in annual import substitution Under Solar Power Naija and NDPHC s partnership ASolar is rolling out 100 000 Solar Home Systems across the country while the NSIA partnering under SPN has announced a N10 billion fund for developers targeting more than 250 000 solar connections In May 2021 the Rural Electrification Agency REA announced the planned deployment of solar powered grids to 200 Primary Health Centres PHC and 104 Unity Schools nationwide Nigeria Electrification Project NEP is a 550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank NEP is a combination of subsidies direct contracts and technical assistance to support Electrification across Nigeria NEP has so far deployed more than 20 000 Standalone Solar Systems SHS as well as Solar Hybrid Mini grids in more than 250 locations across the country The Rural Electrification Fund REF created by the Electricity Power Sector Reform Act of 2005 was operationalized by the Buhari Administration in 2016 Since 2016 the REF under REA has executed more than N4 billion in projects with more than N5 billions of Off Grid mainly Solar projects slated to be executed across Nigeria in 2022 On the special grid interventions the Federal Government has many key grid initiatives with more than N125 2 billion budgeted between 2015 to 2021 for TCN and Development Finance Funding through the likes of World Bank AFDB AFD JICA and others of up to 1 7 billion The Central Bank of Nigeria is also funding 250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery Additionally through the Presidential Power Initiative PPI aka Siemens Power Program an additional 2 0 billion or more will be invested in the Transmission Grid PPI is a Government to Government initiative involving the Governments of Nigeria and Germany and Siemens AG of Germany to upgrade and modernize Nigeria s electricity grid The Contract for the pre engineering phase of the Presidential Power Initiative PPI was signed in Feb 2021 following the 2020 approval for the payment of FGN s counterpart funding for that phase while the first set of equipment contract awards were made in Dec 2021 comprising 10 Mobitra Transformers and 10 Substations In all the PPI will encompass as many as 127 individual Transmission and Distribution projects Brownfield and Greenfield Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha Delta Power Station to Benin as well as the Kano to Katsina 330kV line respectively The 200 million Transmission Infrastructure Project financed by JICA entails the construction of about 200 km of high voltage transmission lines and a number of high voltage substations benefiting several communities in the two States Also through a special CBN intervention for Transmission Distribution interfaces contracts have been awarded for more than 30 Substation Rehabilitations and 1 570MVA transformer capacity upgrades with 34 critical transformers to be installed or replaced On a Policy level the Nigerian Electricity Regulatory Commission NERC has rolled out various policies ranging from a Tariff Capping Regulation for un metered customers to the Eligible Customer Regulations to the introduction of a Service based Tariff Regime and CBN oversight of Disco Bank accounts which has helped improve payment discipline by Discos The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing The ministry has completed or is completing housing projects in 34 States of Nigeria under the National Housing Programme with the support of the State Governments who provided the land So far more than 5 000 houses are at various stages of completion and thousands more are planned The Family Homes Fund Limited FHFL incorporated by the Federal Government of Nigeria in Sept 2016 is the implementing agency for the Buhari Administration s National Social Housing scheme The Fund has now completed more than 13 000 homes across nine States with another 20 000 commencing building works in 2022 In the process these housing developments have created more than 64 000 direct and indirect jobs The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission NIPC Pioneer Status to e Commerce and software development companies Stipulation of N145 per linear meter cap on Highway Right of Way RoW for fibre optic cabling to incentivize investment in rollout Launch of new national 5G policy in 2021 and successful licensing of two private companies to rollout 5G nationally Nigeria s 5G rollout will commence in August 2022 Establishment of new National Data Protection Bureau which is expected to develop primary legislation for data protection and privacy Launch of new National Digital Economy Policy and Strategy by President Buhari in 2019 Drafting of the Nigeria Startup Bill NSB and submission of the draft Bill to the National Assembly for consideration and passage into law Establishment in 2021 of a National Centre for Artificial Intelligence and Robotics NCAIR Ongoing implementation starting 2021 of the National Information and Communication Technology Infrastructure Backbone Phase 2 NICTIB 2 Project The goal of NICTIB is to rollout a nationwide fibre infrastructure network Ongoing construction of a Tier 4 Data Center in Kano to join existing infrastructure in Abuja Tier 3 Data Center and Enugu A Disaster Recovery Site The Kano Data Center is expected to be completed in 2022 The major achievements of the Buhari administration in the area of oil and gas include Buhari s assent to the Petroleum Industry Act on Aug 16 2021 This broke a two decades old jinx and is setting the stage for the unprecedented transformation of Nigeria s oil and gas sector Under the new Act the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022 The regulatory framework for the sector has also changed with the establishment of a the Nigerian Upstream Petroleum Regulatory Commission NUPRC and b the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA which merged the hitherto existing Petroleum Products Pricing Regulatory Agency PPPRA Petroleum Equalization Fund Management Board PEFMB and the Midstream and Downstream Divisions of the Department of Petroleum Resources DPR The historic Signing Ceremony in May 2021 of the Execution of Oil Mining Lease OML 118 Agreements between NNPC Limited and its Contractor Partners Shell Exxon Mobil TOTAL and NAOC These Agreements settled long standing disputes that stalled development and will unlock more than 10 billion of new deep water investment in Nigeria The Buhari administration has declared this decade the Decade of Gas The Federal Government has embarked on the construction of 614km Ajaokuta Kaduna Kano Gas Project the largest domestic gas project in the country Already the government has secured US 45 million financing from the Islamic Development Bank for the Front End Engineering Design FEED Study for the Nigeria Morocco Gas Pipeline NMGP project The Agreement for the Pipeline project was signed by the two countries during President Buhari s State Visit to Morocco in June 2018 When completed it will be the longest offshore pipeline in the world and the second longest pipeline in the world running across 13 countries 11 of them in West Africa It s believed that the successful completion of Nigeria s first Marginal Field Bid Round in almost 20 years is expected to raise in excess of half a billion dollars and open up a new vista of investment in oil and gas Launch of National LPG Expansion Programme including Removal of VAT from the domestic pricing of LPG Financial close and signing of contract for NLNG Train 7 which will grow Nigeria s LNG production capacity by 35 per cent Nigeria and Morocco in 2021 signed an agreement to develop a US 1 4 billion multipurpose industrial platform Ammonia and Di Ammonium Phosphate production plants that will utilize Nigerian gas and Moroccan phosphate to produce 750 000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025 It will be located in Ikot Abasi Akwa Ibom State The nation also witnessed the inauguration in Dec 2020 of the new NPDC Integrated Gas Handling Facility in Edo the largest onshore LPG plant in the country with a processing capacity of 100 million standard cubic feet of gas daily producing 330 tonnes of LPG 345 tonnes of propane and 2 600 barrels of condensate daily The government also established a 350m Nigerian Content Intervention Fund to finance manufacturing contracts and assets in the oil and gas industry The NNPC Limited s National Petroleum Investment Management Services NAPIMS became in 2022 the first Government organization in West and North Africa to receive the ISO 22301 2019 Certification for Business Continuity Management from RINA On the financing and investment in the oil and gas Afreximbank announced in Jan 2022 that it will assist NNPC Limited to raise 5 billion financing to support investments in Nigeria s upstream industry and facilitate expanded energy supply Afrexim also disclosed plans to underwrite 1 billion of the total planned debt Final Investment Decision in January 2021 on a 10 000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board NCDMB in partnership with the private sector The plant is now under construction in Odeama Brass Bayelsa State On Policy Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery in Imo State and broke ground on Phase 2 which will add 20 000bpd processing capacity The Nigerian National Petroleum Corporation NNPC on Dec 21 2021 handed over a symbolic cheque of N621 24 Billion for the rehabilitation of 21 critical roads totalling 1 800km across the country through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019 Note that this does not mean that NNPC has gone into the business of constructing roads instead it is financing the construction of roads through its tax liabilities It s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme NUCOP would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a 10 or less per barrel production cost NAN
    Steps to changing Nigeria by Buhari Administration at 7
    General news6 months ago

    Steps to changing Nigeria by Buhari Administration at 7

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

    (NAN)

  •  The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence Under the administration s Energizing Education Economies and Agriculture Programmes the government had so far taken clean and reliable energy Solar and Gas to Federal Universities Teaching Hospitals Markets and Rural Areas across the country The four Universities completed and commissioned already are Bayero University Kano BUK Kano FUNAI Ebonyi ATBU Bauchi and FUPRE Delta Sabon Gari Market in Kano Ariaria Market in Aba and Sura Shopping Complex in Lagos On National Mass Metering Programme the Central Bank of Nigeria is providing N200 billion for this and so far more than one million meters have been rolled out in the first phase This first phase generated more than 10 000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on grid consumers launched in August 2020 The Solar Power Naija SPN Launched in April 2021 to deliver 5 million off grid solar connections would be impacting more than 20 million Nigerians and financed through Central Bank of Nigeria loans as well as through partnerships with NDPHC NNPC and the NSIA The programme is expected to generate an additional N7 billion increase in tax revenues per annum and 10 million in annual import substitution Under Solar Power Naija and NDPHC s partnership ASolar is rolling out 100 000 Solar Home Systems across the country while the NSIA partnering under SPN has announced a N10 billion fund for developers targeting more than 250 000 solar connections In May 2021 the Rural Electrification Agency REA announced the planned deployment of solar powered grids to 200 Primary Health Centres PHC and 104 Unity Schools nationwide Nigeria Electrification Project NEP is a 550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank NEP is a combination of subsidies direct contracts and technical assistance to support Electrification across Nigeria NEP has so far deployed more than 20 000 Standalone Solar Systems SHS as well as Solar Hybrid Mini grids in more than 250 locations across the country The Rural Electrification Fund REF created by the Electricity Power Sector Reform Act of 2005 was operationalized by the Buhari Administration in 2016 Since 2016 the REF under REA has executed more than N4 billion in projects with more than N5 billions of Off Grid mainly Solar projects slated to be executed across Nigeria in 2022 On the special grid interventions the Federal Government has many key grid initiatives with more than N125 2 billion budgeted between 2015 to 2021 for TCN and Development Finance Funding through the likes of World Bank AFDB AFD JICA and others of up to 1 7 billion The Central Bank of Nigeria is also funding 250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery Additionally through the Presidential Power Initiative PPI aka Siemens Power Program an additional 2 0 billion or more will be invested in the Transmission Grid PPI is a Government to Government initiative involving the Governments of Nigeria and Germany and Siemens AG of Germany to upgrade and modernize Nigeria s electricity grid The Contract for the pre engineering phase of the Presidential Power Initiative PPI was signed in Feb 2021 following the 2020 approval for the payment of FGN s counterpart funding for that phase while the first set of equipment contract awards were made in Dec 2021 comprising 10 Mobitra Transformers and 10 Substations In all the PPI will encompass as many as 127 individual Transmission and Distribution projects Brownfield and Greenfield Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha Delta Power Station to Benin as well as the Kano to Katsina 330kV line respectively The 200 million Transmission Infrastructure Project financed by JICA entails the construction of about 200 km of high voltage transmission lines and a number of high voltage substations benefiting several communities in the two States Also through a special CBN intervention for Transmission Distribution interfaces contracts have been awarded for more than 30 Substation Rehabilitations and 1 570MVA transformer capacity upgrades with 34 critical transformers to be installed or replaced On a Policy level the Nigerian Electricity Regulatory Commission NERC has rolled out various policies ranging from a Tariff Capping Regulation for un metered customers to the Eligible Customer Regulations to the introduction of a Service based Tariff Regime and CBN oversight of Disco Bank accounts which has helped improve payment discipline by Discos The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing The ministry has completed or is completing housing projects in 34 States of Nigeria under the National Housing Programme with the support of the State Governments who provided the land So far more than 5 000 houses are at various stages of completion and thousands more are planned The Family Homes Fund Limited FHFL incorporated by the Federal Government of Nigeria in Sept 2016 is the implementing agency for the Buhari Administration s National Social Housing scheme The Fund has now completed more than 13 000 homes across nine States with another 20 000 commencing building works in 2022 In the process these housing developments have created more than 64 000 direct and indirect jobs The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission NIPC Pioneer Status to e Commerce and software development companies Stipulation of N145 per linear meter cap on Highway Right of Way RoW for fibre optic cabling to incentivize investment in rollout Launch of new national 5G policy in 2021 and successful licensing of two private companies to rollout 5G nationally Nigeria s 5G rollout will commence in August 2022 Establishment of new National Data Protection Bureau which is expected to develop primary legislation for data protection and privacy Launch of new National Digital Economy Policy and Strategy by President Buhari in 2019 Drafting of the Nigeria Startup Bill NSB and submission of the draft Bill to the National Assembly for consideration and passage into law Establishment in 2021 of a National Centre for Artificial Intelligence and Robotics NCAIR Ongoing implementation starting 2021 of the National Information and Communication Technology Infrastructure Backbone Phase 2 NICTIB 2 Project The goal of NICTIB is to rollout a nationwide fibre infrastructure network Ongoing construction of a Tier 4 Data Center in Kano to join existing infrastructure in Abuja Tier 3 Data Center and Enugu A Disaster Recovery Site The Kano Data Center is expected to be completed in 2022 The major achievements of the Buhari administration in the area of oil and gas include Buhari s assent to the Petroleum Industry Act on Aug 16 2021 This broke a two decades old jinx and is setting the stage for the unprecedented transformation of Nigeria s oil and gas sector Under the new Act the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022 The regulatory framework for the sector has also changed with the establishment of a the Nigerian Upstream Petroleum Regulatory Commission NUPRC and b the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA which merged the hitherto existing Petroleum Products Pricing Regulatory Agency PPPRA Petroleum Equalization Fund Management Board PEFMB and the Midstream and Downstream Divisions of the Department of Petroleum Resources DPR The historic Signing Ceremony in May 2021 of the Execution of Oil Mining Lease OML 118 Agreements between NNPC Limited and its Contractor Partners Shell Exxon Mobil TOTAL and NAOC These Agreements settled long standing disputes that stalled development and will unlock more than 10 billion of new deep water investment in Nigeria The Buhari administration has declared this decade the Decade of Gas The Federal Government has embarked on the construction of 614km Ajaokuta Kaduna Kano Gas Project the largest domestic gas project in the country Already the government has secured US 45 million financing from the Islamic Development Bank for the Front End Engineering Design FEED Study for the Nigeria Morocco Gas Pipeline NMGP project The Agreement for the Pipeline project was signed by the two countries during President Buhari s State Visit to Morocco in June 2018 When completed it will be the longest offshore pipeline in the world and the second longest pipeline in the world running across 13 countries 11 of them in West Africa It s believed that the successful completion of Nigeria s first Marginal Field Bid Round in almost 20 years is expected to raise in excess of half a billion dollars and open up a new vista of investment in oil and gas Launch of National LPG Expansion Programme including Removal of VAT from the domestic pricing of LPG Financial close and signing of contract for NLNG Train 7 which will grow Nigeria s LNG production capacity by 35 per cent Nigeria and Morocco in 2021 signed an agreement to develop a US 1 4 billion multipurpose industrial platform Ammonia and Di Ammonium Phosphate production plants that will utilize Nigerian gas and Moroccan phosphate to produce 750 000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025 It will be located in Ikot Abasi Akwa Ibom State The nation also witnessed the inauguration in Dec 2020 of the new NPDC Integrated Gas Handling Facility in Edo the largest onshore LPG plant in the country with a processing capacity of 100 million standard cubic feet of gas daily producing 330 tonnes of LPG 345 tonnes of propane and 2 600 barrels of condensate daily The government also established a 350m Nigerian Content Intervention Fund to finance manufacturing contracts and assets in the oil and gas industry The NNPC Limited s National Petroleum Investment Management Services NAPIMS became in 2022 the first Government organization in West and North Africa to receive the ISO 22301 2019 Certification for Business Continuity Management from RINA On the financing and investment in the oil and gas Afreximbank announced in Jan 2022 that it will assist NNPC Limited to raise 5 billion financing to support investments in Nigeria s upstream industry and facilitate expanded energy supply Afrexim also disclosed plans to underwrite 1 billion of the total planned debt Final Investment Decision in January 2021 on a 10 000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board NCDMB in partnership with the private sector The plant is now under construction in Odeama Brass Bayelsa State On Policy Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery in Imo State and broke ground on Phase 2 which will add 20 000bpd processing capacity The Nigerian National Petroleum Corporation NNPC on Dec 21 2021 handed over a symbolic cheque of N621 24 Billion for the rehabilitation of 21 critical roads totalling 1 800km across the country through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019 Note that this does not mean that NNPC has gone into the business of constructing roads instead it is financing the construction of roads through its tax liabilities It s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme NUCOP would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a 10 or less per barrel production cost NAN
    2: One-stop shop of achievements of Buhari Administration at 7
     The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence Under the administration s Energizing Education Economies and Agriculture Programmes the government had so far taken clean and reliable energy Solar and Gas to Federal Universities Teaching Hospitals Markets and Rural Areas across the country The four Universities completed and commissioned already are Bayero University Kano BUK Kano FUNAI Ebonyi ATBU Bauchi and FUPRE Delta Sabon Gari Market in Kano Ariaria Market in Aba and Sura Shopping Complex in Lagos On National Mass Metering Programme the Central Bank of Nigeria is providing N200 billion for this and so far more than one million meters have been rolled out in the first phase This first phase generated more than 10 000 new jobs in meter installation and assembly as the nationwide rollout of electricity meters to all on grid consumers launched in August 2020 The Solar Power Naija SPN Launched in April 2021 to deliver 5 million off grid solar connections would be impacting more than 20 million Nigerians and financed through Central Bank of Nigeria loans as well as through partnerships with NDPHC NNPC and the NSIA The programme is expected to generate an additional N7 billion increase in tax revenues per annum and 10 million in annual import substitution Under Solar Power Naija and NDPHC s partnership ASolar is rolling out 100 000 Solar Home Systems across the country while the NSIA partnering under SPN has announced a N10 billion fund for developers targeting more than 250 000 solar connections In May 2021 the Rural Electrification Agency REA announced the planned deployment of solar powered grids to 200 Primary Health Centres PHC and 104 Unity Schools nationwide Nigeria Electrification Project NEP is a 550 million programme being implemented by the Federal Government of Nigeria in partnership with the World Bank and African Development Bank NEP is a combination of subsidies direct contracts and technical assistance to support Electrification across Nigeria NEP has so far deployed more than 20 000 Standalone Solar Systems SHS as well as Solar Hybrid Mini grids in more than 250 locations across the country The Rural Electrification Fund REF created by the Electricity Power Sector Reform Act of 2005 was operationalized by the Buhari Administration in 2016 Since 2016 the REF under REA has executed more than N4 billion in projects with more than N5 billions of Off Grid mainly Solar projects slated to be executed across Nigeria in 2022 On the special grid interventions the Federal Government has many key grid initiatives with more than N125 2 billion budgeted between 2015 to 2021 for TCN and Development Finance Funding through the likes of World Bank AFDB AFD JICA and others of up to 1 7 billion The Central Bank of Nigeria is also funding 250 million for the rehabilitation of critical interfaces between Transmission and Distribution to increase and stabilize power delivery Additionally through the Presidential Power Initiative PPI aka Siemens Power Program an additional 2 0 billion or more will be invested in the Transmission Grid PPI is a Government to Government initiative involving the Governments of Nigeria and Germany and Siemens AG of Germany to upgrade and modernize Nigeria s electricity grid The Contract for the pre engineering phase of the Presidential Power Initiative PPI was signed in Feb 2021 following the 2020 approval for the payment of FGN s counterpart funding for that phase while the first set of equipment contract awards were made in Dec 2021 comprising 10 Mobitra Transformers and 10 Substations In all the PPI will encompass as many as 127 individual Transmission and Distribution projects Brownfield and Greenfield Other ongoing interventions include 330kV Quad Lines in Alaoji to Onitsha Delta Power Station to Benin as well as the Kano to Katsina 330kV line respectively The 200 million Transmission Infrastructure Project financed by JICA entails the construction of about 200 km of high voltage transmission lines and a number of high voltage substations benefiting several communities in the two States Also through a special CBN intervention for Transmission Distribution interfaces contracts have been awarded for more than 30 Substation Rehabilitations and 1 570MVA transformer capacity upgrades with 34 critical transformers to be installed or replaced On a Policy level the Nigerian Electricity Regulatory Commission NERC has rolled out various policies ranging from a Tariff Capping Regulation for un metered customers to the Eligible Customer Regulations to the introduction of a Service based Tariff Regime and CBN oversight of Disco Bank accounts which has helped improve payment discipline by Discos The Buhari administration has equally recorded tremendous success in the housing sector through the Federal Ministry of Works and Housing The ministry has completed or is completing housing projects in 34 States of Nigeria under the National Housing Programme with the support of the State Governments who provided the land So far more than 5 000 houses are at various stages of completion and thousands more are planned The Family Homes Fund Limited FHFL incorporated by the Federal Government of Nigeria in Sept 2016 is the implementing agency for the Buhari Administration s National Social Housing scheme The Fund has now completed more than 13 000 homes across nine States with another 20 000 commencing building works in 2022 In the process these housing developments have created more than 64 000 direct and indirect jobs The administration has also achieved a lot in the area of digital economy and these include the extension of the Nigerian Investment Promotion Commission NIPC Pioneer Status to e Commerce and software development companies Stipulation of N145 per linear meter cap on Highway Right of Way RoW for fibre optic cabling to incentivize investment in rollout Launch of new national 5G policy in 2021 and successful licensing of two private companies to rollout 5G nationally Nigeria s 5G rollout will commence in August 2022 Establishment of new National Data Protection Bureau which is expected to develop primary legislation for data protection and privacy Launch of new National Digital Economy Policy and Strategy by President Buhari in 2019 Drafting of the Nigeria Startup Bill NSB and submission of the draft Bill to the National Assembly for consideration and passage into law Establishment in 2021 of a National Centre for Artificial Intelligence and Robotics NCAIR Ongoing implementation starting 2021 of the National Information and Communication Technology Infrastructure Backbone Phase 2 NICTIB 2 Project The goal of NICTIB is to rollout a nationwide fibre infrastructure network Ongoing construction of a Tier 4 Data Center in Kano to join existing infrastructure in Abuja Tier 3 Data Center and Enugu A Disaster Recovery Site The Kano Data Center is expected to be completed in 2022 The major achievements of the Buhari administration in the area of oil and gas include Buhari s assent to the Petroleum Industry Act on Aug 16 2021 This broke a two decades old jinx and is setting the stage for the unprecedented transformation of Nigeria s oil and gas sector Under the new Act the NNPC has transformed into a Limited Liability Company which will be formally unveiled by the President in July 2022 The regulatory framework for the sector has also changed with the establishment of a the Nigerian Upstream Petroleum Regulatory Commission NUPRC and b the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA which merged the hitherto existing Petroleum Products Pricing Regulatory Agency PPPRA Petroleum Equalization Fund Management Board PEFMB and the Midstream and Downstream Divisions of the Department of Petroleum Resources DPR The historic Signing Ceremony in May 2021 of the Execution of Oil Mining Lease OML 118 Agreements between NNPC Limited and its Contractor Partners Shell Exxon Mobil TOTAL and NAOC These Agreements settled long standing disputes that stalled development and will unlock more than 10 billion of new deep water investment in Nigeria The Buhari administration has declared this decade the Decade of Gas The Federal Government has embarked on the construction of 614km Ajaokuta Kaduna Kano Gas Project the largest domestic gas project in the country Already the government has secured US 45 million financing from the Islamic Development Bank for the Front End Engineering Design FEED Study for the Nigeria Morocco Gas Pipeline NMGP project The Agreement for the Pipeline project was signed by the two countries during President Buhari s State Visit to Morocco in June 2018 When completed it will be the longest offshore pipeline in the world and the second longest pipeline in the world running across 13 countries 11 of them in West Africa It s believed that the successful completion of Nigeria s first Marginal Field Bid Round in almost 20 years is expected to raise in excess of half a billion dollars and open up a new vista of investment in oil and gas Launch of National LPG Expansion Programme including Removal of VAT from the domestic pricing of LPG Financial close and signing of contract for NLNG Train 7 which will grow Nigeria s LNG production capacity by 35 per cent Nigeria and Morocco in 2021 signed an agreement to develop a US 1 4 billion multipurpose industrial platform Ammonia and Di Ammonium Phosphate production plants that will utilize Nigerian gas and Moroccan phosphate to produce 750 000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025 It will be located in Ikot Abasi Akwa Ibom State The nation also witnessed the inauguration in Dec 2020 of the new NPDC Integrated Gas Handling Facility in Edo the largest onshore LPG plant in the country with a processing capacity of 100 million standard cubic feet of gas daily producing 330 tonnes of LPG 345 tonnes of propane and 2 600 barrels of condensate daily The government also established a 350m Nigerian Content Intervention Fund to finance manufacturing contracts and assets in the oil and gas industry The NNPC Limited s National Petroleum Investment Management Services NAPIMS became in 2022 the first Government organization in West and North Africa to receive the ISO 22301 2019 Certification for Business Continuity Management from RINA On the financing and investment in the oil and gas Afreximbank announced in Jan 2022 that it will assist NNPC Limited to raise 5 billion financing to support investments in Nigeria s upstream industry and facilitate expanded energy supply Afrexim also disclosed plans to underwrite 1 billion of the total planned debt Final Investment Decision in January 2021 on a 10 000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board NCDMB in partnership with the private sector The plant is now under construction in Odeama Brass Bayelsa State On Policy Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta the Buhari administration has issued licences for six additional brownfield and greenfield Modular Refinery Projects across the Niger Delta In 2020 President Buhari inaugurated the first phase of the Waltersmith Modular Refinery in Imo State and broke ground on Phase 2 which will add 20 000bpd processing capacity The Nigerian National Petroleum Corporation NNPC on Dec 21 2021 handed over a symbolic cheque of N621 24 Billion for the rehabilitation of 21 critical roads totalling 1 800km across the country through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Buhari in 2019 Note that this does not mean that NNPC has gone into the business of constructing roads instead it is financing the construction of roads through its tax liabilities It s also hoped that the launch of the Nigerian Upstream Cost Optimization Programme NUCOP would reduce operating expenses through process enhancement and industry collaboration as the overall target is to achieve a 10 or less per barrel production cost NAN
    2: One-stop shop of achievements of Buhari Administration at 7
    General news6 months ago

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

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

    (NAN)

  •  The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence To further consolidate the provision of infrastructural development in the country the administration in Feb 2021 established the Infrastructure Corporation of Nigeria InfraCorp with initial seed Capital of N1 trillion provided by the Central Bank of Nigeria CBN the Nigerian Sovereign Investment Authority NSIA and the Africa Finance Corporation AFC InfraCorp s goal is to to catalyse and accelerate investment into Nigeria s infrastructure sector by originating structuring executing and managing end to end bankable projects in that space In addition to the N1 trillion equity seed capital InfraCorp is expected to mobilise up to an additional N14 trillion of debt capital Establishment in 2020 of the Presidential Infrastructure Development Fund PIDF with more than 1 billion in funding so far The government s capital investments in the railway sub sector has since started yielding fruitful results despite the unfortunate attack on the Kaduna bound train service in March The 156km Lagos Ibadan Standard Gauge Rail was completed and inaugurated within a Nigerian record time of four years 2017 to 2021 while 8 72km extension to Lagos Ibadan Rail Line to Lagos Port Complex was also completed in 2021 The Abuja Kaduna 186km Standard Gauge Rail Line was completed and inaugurated in 2016 while the 327km Itakpe Warri Standard Gauge Rail was completed and commissioned in 2020 33 years after construction began As part of this project there was the full rehabilitation of the Railway Village Agbor as well as construction of a Railway Ancillary Facilities Yard also in Agbor In 2021 the Line commenced commercial freight haulage transporting pipelines for the AKK Gas Pipeline project In a bid to check fraudulent practices the management of the Nigerian railway Corporation NRC completed the E Ticketing concession process on Abuja Kaduna Route in 2021 which increased the monthly generated revenue from less than N200 Million to N400 Million It has since commenced the E Ticketing concession process for the Lagos Ibadan and Warri Itakpe Standard Gauge Rail Lines The scope of the project is to Design Finance Build Operate and Manage Secure Ticketing Solution systems Hardware and Software for the two lines The Abuja Light Rail project was completed in 2018 while construction has commenced on Kaduna Kano Standard Gauge Rail Line following the ground breaking by President Buhari in July 2021 The president had also carried out ground breaking for construction of 284km Kano Maradi Standard Gauge Rail with branch line to Dutse preliminary works started 2021 The Nigerian leader also carried out the ground breaking for complete revamp of Port Harcourt Maiduguri Narrow Gauge Rail as the government took delivery of 377 Wagons 64 Coaches and 21 Locomotives including DMUs purchased for the Standard Gauge network between 2016 and 2021 On Jobs creation training and capacity building more than 11 000 new jobs had been created from the on going rail modernization projects in the country A special write up released by Mr Femi Adesina the President s spokesman indicated that More than 100 qualified young Nigerians awarded full international scholarships for courses in rail engineering and transport in China from 2018 In addition dozens of Nigerian Engineers had been trained as part of the railway modernization projects while a new Transportation University in Daura Katsina State and new Rail Wagon Assembly Plant in Kajola Ogun State are both nearing completion of construction On road projects the Presidential Infrastructure Development Fund PIDF is investing over a billion dollars in three flagship projects Lagos Ibadan Expressway for completion in 2022 Second Niger Bridge for completion in 2022 Abuja Kaduna Zaria Kano Expressway first phase for completion in 2023 President Buhari had on Jan 25 2019 issued the Executive Order 7 of 2019 on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme The scheme allows companies that are willing and able to spend their own funds on constructing critical roads to recover their construction costs by paying reduced taxes over a period of time and in a transparent manner So far more than N1 trillion has been mobilised through Executive Order 7 for road projects across all six geopolitical zones of the country like Bodo Bonny in Rivers and Apapa Oshodi Oworonshoki Ojota in Lagos The Highway Development and Management Initiative HDMI a public private partnership programme would also mobilise in its first Phase over a trillion Naira in private investment into the development and maintenance of 12 Roads amounting to 1 963km in length More than 600 billion Naira worth of Sukuk Bonds raised since 2017 for more than 40 critical road projects across all six geopolitical zones Between November 25 and December 13 2021 the Federal Government handed over to benefiting communities 941 km of completed Sukuk road projects connecting 10 states in five geo political zones of the country On air and sea ports development the government had completed the new terminals for International Airports in Lagos Abuja Kano and Port Harcourt while the New Runways for the Abuja and Enugu International Airports had been completed The Abuja International Airport Runway was reconstructed in 2017 for the first time since the Airport was built in the early 1980s In 2019 President Buhari approved a special fund of N10 Billion for the reconstruction of the Enugu Airport Runway it was completed and reopened in August 2020 Presidential approval for four International Airports as Special Economic Zones Lagos Kano Abuja and Port Harcourt was also granted by the President as he approved funds for the Accident Investigation Bureau AIB to build a world class Flight Safety Laboratory FSL in Abuja and train personnel to run it Now Nigeria no longer has to send aircraft Cockpit Voice Recorders and Flight Data Recorders Black Box abroad for downloading and analysis The Nigeria College of Aviation Technology NCAT in Zaria has undergone a transformation under President Buhari A new Boeing 737 Full Flight Simulator has been installed in the College as well as a fully automated Fire and Smoke Aircraft Training Simulator Prior to the installation of the Fire and Smoke Simulator Nigeria was sending personnel to Cameroon for the relevant training NCAT has also acquired 7 brand new Training Planes 1 multi engine and 6 single engine that use Jet A1 fuel to replace the old training planes that were expensive to maintain The Nigerian Meteorological Agency NIMET in July 2017 received the ISO 9001 2015 certification re certified in August 2020 for aeronautical meteorological services delivery making Nigeria the first ever African country to achieve this feat Significant infrastructural upgrades at various Airports nationwide include Cat 3 ILS Instrument Landing System DME Distance Measuring Equipment installed in Lagos and Abuja Airports in 2019 which allows planes to land in zero visibility Installation in progress in 3 more airports as Cat 2 had been installed in 10 airports around the country another 4 in progress Doppler Omni directional Range DVOR DME installed in 8 airports o Air Traffic Control ATC Mobile Towers installed in Lagos and Abuja Airports The procurement processes for the establishment of an Aviation Leasing Company in Nigeria a Maintenance Repair and Overhaul MRO Centre and the development of Aerotropolis Airport Cities in Lagos and Abuja are all ongoing for completion in 2022 according to the project timelines Also the Lekki Deep Sea Port the first new Sea Port in Nigeria in decades is now more than 90 per cent completed while the ground breaking done for Bonny Deep Sea Port was done in March 2021 and the inauguration of Kaduna Inland Dry Port was done in 2018 The construction of Kano and Katsina Inland Dry Ports are ongoing and to be completed this year while the Deep Blue Maritime Security Project was completed in 2021 The project includes 17 Special Mission Vessels 2 Special Mission Aircraft and 3 Helicopters The Maritime sector also witnessed the launch of a new Cabotage Compliance Strategy in 2019 by the Nigerian Maritime Administration and Safety Agency NIMASA to enforce the implementation of the Cabotage Act The sector also witnessed the Introduction of Electronic Call up system by the Nigerian Ports Authority NPA to substantially address the challenges of traffic gridlock caused by the Lagos Ports using technology The designation of the Lilypond Container Terminal in Ijora Lagos as a specialized processing and handling facility for the export of locally made agricultural and finished goods was also achieved in the period under review It also witnessed the commencement of indigenous survey and charting of Nigeria s offshore waters by the Nigerian Navy s new Hydrographic Survey Vessel NNS LANA Cabinet approval for award of 30 year Concession of Onitsha River Port under a Rehabilitate Operate and Transfer ROT arrangement February in 2022 There was also the development of capacity at the Eastern Ports Reduction of Tariff 10 Rebate on Harbour Dues for vessels calling at the Eastern Ports as part of incentives to encourage vessel traffic to the Eastern Ports In December 2017 Calabar Port commenced export of bulk cement to Tema Port in Ghana In 2019 3 container ships berthed at Calabar Port for the first time in eleven years Dredging of Warri Port Escravos Bar Warri Port channel completed in 2018 On Oct 30 2019 an LPG Tanker operated by NLNG berthed in Port Harcourt the first time ever an LPG ship berthed in any of the Eastern Ports On Dec 8 2019 Onne Port received JPO VOLANS owned by Maersk the FIRST gearless and largest container vessel 265 07 metres to call at any Eastern Port in Nigeria On Aug 1 2019 Onne Port s Brawal Terminal received MSC GRACE its first container vessel since 2012 In March 2021 the export of 7 000 metric tonnes of cocoa through Calabar Port to the United States for the first time in about 14 years The two largest container ships to ever berth at any Nigerian port have been in Onne in the last 3 years Maersk Stadelhorn 300m long amp 48m wide on August 15 2020 and Lady Jane on April 13 2022 294 5m long and 32 3m wide On power generation and distribution the Buhari administration would be leaving behind an incremental 4 000MW of power generating assets as this will be completed during the life of the administration These include the Zungeru Hydro Kashimbila Hydro Afam III Fast Power Kudenda Kaduna Power Plant the Okpai Phase 2 Plant the Dangote Refinery Power Plant and others NAN
    One-stop shop of achievements of Buhari Administration at 7
     The Presidency has again reeled out 28 page of President Muhammadu Buhari s strides in Oil and gas reforms Digital economy Mines and steel development Agriculture Education Health Creative Industry Sports and infrastructural development roads bridges rail air and sea ports housing and many others The News Agency of Nigeria reports that the president s scorecard is coming ahead of the seven year anniversary of the Buhari led administration on May 29 2022 President Buhari had in May 29 2015 took the oath of office as President promising to serve Nigeria faithfully in all spheres of national life The seven years milestone according to the President s spokesman Mr Femi Adesina presents a major landmark and opportunity to review the service of the president to the country and its people Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges which are being robustly tackled by the government A one stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done and a lot more will still be done in the 12 months ahead Nigeria under Buhari s watch has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria s Independence To further consolidate the provision of infrastructural development in the country the administration in Feb 2021 established the Infrastructure Corporation of Nigeria InfraCorp with initial seed Capital of N1 trillion provided by the Central Bank of Nigeria CBN the Nigerian Sovereign Investment Authority NSIA and the Africa Finance Corporation AFC InfraCorp s goal is to to catalyse and accelerate investment into Nigeria s infrastructure sector by originating structuring executing and managing end to end bankable projects in that space In addition to the N1 trillion equity seed capital InfraCorp is expected to mobilise up to an additional N14 trillion of debt capital Establishment in 2020 of the Presidential Infrastructure Development Fund PIDF with more than 1 billion in funding so far The government s capital investments in the railway sub sector has since started yielding fruitful results despite the unfortunate attack on the Kaduna bound train service in March The 156km Lagos Ibadan Standard Gauge Rail was completed and inaugurated within a Nigerian record time of four years 2017 to 2021 while 8 72km extension to Lagos Ibadan Rail Line to Lagos Port Complex was also completed in 2021 The Abuja Kaduna 186km Standard Gauge Rail Line was completed and inaugurated in 2016 while the 327km Itakpe Warri Standard Gauge Rail was completed and commissioned in 2020 33 years after construction began As part of this project there was the full rehabilitation of the Railway Village Agbor as well as construction of a Railway Ancillary Facilities Yard also in Agbor In 2021 the Line commenced commercial freight haulage transporting pipelines for the AKK Gas Pipeline project In a bid to check fraudulent practices the management of the Nigerian railway Corporation NRC completed the E Ticketing concession process on Abuja Kaduna Route in 2021 which increased the monthly generated revenue from less than N200 Million to N400 Million It has since commenced the E Ticketing concession process for the Lagos Ibadan and Warri Itakpe Standard Gauge Rail Lines The scope of the project is to Design Finance Build Operate and Manage Secure Ticketing Solution systems Hardware and Software for the two lines The Abuja Light Rail project was completed in 2018 while construction has commenced on Kaduna Kano Standard Gauge Rail Line following the ground breaking by President Buhari in July 2021 The president had also carried out ground breaking for construction of 284km Kano Maradi Standard Gauge Rail with branch line to Dutse preliminary works started 2021 The Nigerian leader also carried out the ground breaking for complete revamp of Port Harcourt Maiduguri Narrow Gauge Rail as the government took delivery of 377 Wagons 64 Coaches and 21 Locomotives including DMUs purchased for the Standard Gauge network between 2016 and 2021 On Jobs creation training and capacity building more than 11 000 new jobs had been created from the on going rail modernization projects in the country A special write up released by Mr Femi Adesina the President s spokesman indicated that More than 100 qualified young Nigerians awarded full international scholarships for courses in rail engineering and transport in China from 2018 In addition dozens of Nigerian Engineers had been trained as part of the railway modernization projects while a new Transportation University in Daura Katsina State and new Rail Wagon Assembly Plant in Kajola Ogun State are both nearing completion of construction On road projects the Presidential Infrastructure Development Fund PIDF is investing over a billion dollars in three flagship projects Lagos Ibadan Expressway for completion in 2022 Second Niger Bridge for completion in 2022 Abuja Kaduna Zaria Kano Expressway first phase for completion in 2023 President Buhari had on Jan 25 2019 issued the Executive Order 7 of 2019 on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme The scheme allows companies that are willing and able to spend their own funds on constructing critical roads to recover their construction costs by paying reduced taxes over a period of time and in a transparent manner So far more than N1 trillion has been mobilised through Executive Order 7 for road projects across all six geopolitical zones of the country like Bodo Bonny in Rivers and Apapa Oshodi Oworonshoki Ojota in Lagos The Highway Development and Management Initiative HDMI a public private partnership programme would also mobilise in its first Phase over a trillion Naira in private investment into the development and maintenance of 12 Roads amounting to 1 963km in length More than 600 billion Naira worth of Sukuk Bonds raised since 2017 for more than 40 critical road projects across all six geopolitical zones Between November 25 and December 13 2021 the Federal Government handed over to benefiting communities 941 km of completed Sukuk road projects connecting 10 states in five geo political zones of the country On air and sea ports development the government had completed the new terminals for International Airports in Lagos Abuja Kano and Port Harcourt while the New Runways for the Abuja and Enugu International Airports had been completed The Abuja International Airport Runway was reconstructed in 2017 for the first time since the Airport was built in the early 1980s In 2019 President Buhari approved a special fund of N10 Billion for the reconstruction of the Enugu Airport Runway it was completed and reopened in August 2020 Presidential approval for four International Airports as Special Economic Zones Lagos Kano Abuja and Port Harcourt was also granted by the President as he approved funds for the Accident Investigation Bureau AIB to build a world class Flight Safety Laboratory FSL in Abuja and train personnel to run it Now Nigeria no longer has to send aircraft Cockpit Voice Recorders and Flight Data Recorders Black Box abroad for downloading and analysis The Nigeria College of Aviation Technology NCAT in Zaria has undergone a transformation under President Buhari A new Boeing 737 Full Flight Simulator has been installed in the College as well as a fully automated Fire and Smoke Aircraft Training Simulator Prior to the installation of the Fire and Smoke Simulator Nigeria was sending personnel to Cameroon for the relevant training NCAT has also acquired 7 brand new Training Planes 1 multi engine and 6 single engine that use Jet A1 fuel to replace the old training planes that were expensive to maintain The Nigerian Meteorological Agency NIMET in July 2017 received the ISO 9001 2015 certification re certified in August 2020 for aeronautical meteorological services delivery making Nigeria the first ever African country to achieve this feat Significant infrastructural upgrades at various Airports nationwide include Cat 3 ILS Instrument Landing System DME Distance Measuring Equipment installed in Lagos and Abuja Airports in 2019 which allows planes to land in zero visibility Installation in progress in 3 more airports as Cat 2 had been installed in 10 airports around the country another 4 in progress Doppler Omni directional Range DVOR DME installed in 8 airports o Air Traffic Control ATC Mobile Towers installed in Lagos and Abuja Airports The procurement processes for the establishment of an Aviation Leasing Company in Nigeria a Maintenance Repair and Overhaul MRO Centre and the development of Aerotropolis Airport Cities in Lagos and Abuja are all ongoing for completion in 2022 according to the project timelines Also the Lekki Deep Sea Port the first new Sea Port in Nigeria in decades is now more than 90 per cent completed while the ground breaking done for Bonny Deep Sea Port was done in March 2021 and the inauguration of Kaduna Inland Dry Port was done in 2018 The construction of Kano and Katsina Inland Dry Ports are ongoing and to be completed this year while the Deep Blue Maritime Security Project was completed in 2021 The project includes 17 Special Mission Vessels 2 Special Mission Aircraft and 3 Helicopters The Maritime sector also witnessed the launch of a new Cabotage Compliance Strategy in 2019 by the Nigerian Maritime Administration and Safety Agency NIMASA to enforce the implementation of the Cabotage Act The sector also witnessed the Introduction of Electronic Call up system by the Nigerian Ports Authority NPA to substantially address the challenges of traffic gridlock caused by the Lagos Ports using technology The designation of the Lilypond Container Terminal in Ijora Lagos as a specialized processing and handling facility for the export of locally made agricultural and finished goods was also achieved in the period under review It also witnessed the commencement of indigenous survey and charting of Nigeria s offshore waters by the Nigerian Navy s new Hydrographic Survey Vessel NNS LANA Cabinet approval for award of 30 year Concession of Onitsha River Port under a Rehabilitate Operate and Transfer ROT arrangement February in 2022 There was also the development of capacity at the Eastern Ports Reduction of Tariff 10 Rebate on Harbour Dues for vessels calling at the Eastern Ports as part of incentives to encourage vessel traffic to the Eastern Ports In December 2017 Calabar Port commenced export of bulk cement to Tema Port in Ghana In 2019 3 container ships berthed at Calabar Port for the first time in eleven years Dredging of Warri Port Escravos Bar Warri Port channel completed in 2018 On Oct 30 2019 an LPG Tanker operated by NLNG berthed in Port Harcourt the first time ever an LPG ship berthed in any of the Eastern Ports On Dec 8 2019 Onne Port received JPO VOLANS owned by Maersk the FIRST gearless and largest container vessel 265 07 metres to call at any Eastern Port in Nigeria On Aug 1 2019 Onne Port s Brawal Terminal received MSC GRACE its first container vessel since 2012 In March 2021 the export of 7 000 metric tonnes of cocoa through Calabar Port to the United States for the first time in about 14 years The two largest container ships to ever berth at any Nigerian port have been in Onne in the last 3 years Maersk Stadelhorn 300m long amp 48m wide on August 15 2020 and Lady Jane on April 13 2022 294 5m long and 32 3m wide On power generation and distribution the Buhari administration would be leaving behind an incremental 4 000MW of power generating assets as this will be completed during the life of the administration These include the Zungeru Hydro Kashimbila Hydro Afam III Fast Power Kudenda Kaduna Power Plant the Okpai Phase 2 Plant the Dangote Refinery Power Plant and others NAN
    One-stop shop of achievements of Buhari Administration at 7
    General news6 months ago

    One-stop shop of achievements of Buhari Administration at 7

    The Presidency has again, reeled out 28-page of President Muhammadu Buhari’s strides in Oil and gas reforms, Digital economy, Mines and steel development, Agriculture, Education, Health, Creative Industry, Sports and infrastructural development; roads, bridges, rail, air and sea ports, housing, and many others.
    The News Agency of Nigeria reports that the president’s scorecard is coming ahead of the seven year anniversary of the Buhari-led administration on May 29, 2022.
    President Buhari had in May 29, 2015, took the oath of office as President, promising to serve Nigeria faithfully in all spheres of national life.
    The seven years milestone, according to the President’s spokesman, Mr Femi Adesina, presents a major landmark and opportunity to review the service of the president to the country, and its people.
    Adesina noted that the Buhari administration has so far delivered in its promises to Nigerians although revisionists would want to look at security challenges, which are being robustly tackled by the government.
    A one-stop shop of the achievements of the Buhari administration at seven indicated that a lot has been done, and a lot more will still be done in the 12 months ahead.
    Nigeria, under Buhari’s watch, has continued to witness the biggest and most ambitious federal infrastructure programme since Nigeria’s Independence.
    To further consolidate the provision of infrastructural development in the country, the administration in Feb. 2021 established the Infrastructure Corporation of Nigeria (InfraCorp), with initial seed Capital of N1 trillion, provided by the Central Bank of Nigeria (CBN), the Nigerian Sovereign Investment Authority (NSIA) and the Africa Finance Corporation (AFC).
    InfraCorp’s goal is to “to catalyse and accelerate investment into Nigeria’s infrastructure sector by originating, structuring, executing and managing end-to-end bankable projects in that space.”
    In addition to the N1 trillion equity seed capital, InfraCorp is expected to mobilise up to an additional N14 trillion of debt capital.
    Establishment in 2020 of the Presidential Infrastructure Development Fund (PIDF), with more than $1 billion in funding so far.
    The government’s capital investments in the railway sub-sector has since started yielding fruitful results despite the unfortunate attack on the Kaduna-bound train service in March.
    The 156km Lagos-Ibadan Standard Gauge Rail was completed and inaugurated within a Nigerian-record-time of four years (2017 to 2021) while 8.72km extension to Lagos-Ibadan Rail Line, to Lagos Port Complex, was also completed in 2021.
    The Abuja-Kaduna 186km Standard Gauge Rail Line was completed and inaugurated in 2016, while the 327km Itakpe-Warri Standard Gauge Rail was completed and commissioned in 2020, 33 years after construction began.
    As part of this project, there was the full rehabilitation of the Railway Village, Agbor, as well as construction of a Railway Ancillary Facilities Yard, also in Agbor. In 2021 the Line commenced commercial freight haulage, transporting pipelines for the AKK Gas Pipeline project.
    In a bid to check fraudulent practices, the management of the Nigerian railway Corporation (NRC) completed the E-Ticketing concession process on Abuja-Kaduna Route in 2021, which increased the monthly generated revenue from less than N200 Million to N400 Million.
    It has since commenced the E-Ticketing concession process for the Lagos-Ibadan and Warri-Itakpe Standard Gauge Rail Lines.
    ”The scope of the project is to Design, Finance, Build, Operate and Manage Secure Ticketing Solution systems (Hardware and Software) for the two lines.”
    The Abuja Light Rail project was completed in 2018, while construction has commenced on Kaduna-Kano Standard Gauge Rail Line, following the ground-breaking by President Buhari in July 2021.
    The president had also carried out ground-breaking for construction of 284km Kano-Maradi Standard Gauge Rail (with branch line to Dutse), preliminary works started 2021.
    The Nigerian leader also carried out the ground-breaking for complete revamp of Port Harcourt–Maiduguri Narrow Gauge Rail, as the government took delivery of 377 Wagons, 64 Coaches, and 21 Locomotives (including DMUs) purchased for the Standard Gauge network, between 2016 and 2021.
    On Jobs creation, training and capacity building, more than 11,000 new jobs had been created from the on-going rail modernization projects in the country.
    A special write-up released by Mr Femi Adesina, the President’s spokesman, indicated that: ”More than 100 qualified young Nigerians awarded full international scholarships for courses in rail engineering and transport in China, from 2018.”
    In addition, dozens of Nigerian Engineers had been trained as part of the railway modernization projects, while a new Transportation University in Daura, Katsina State, and new Rail Wagon Assembly Plant in Kajola, Ogun State are both nearing completion of construction.
    On road projects, the Presidential Infrastructure Development Fund (PIDF), is investing over a billion dollars in three flagship projects: Lagos-Ibadan Expressway (for completion in 2022), Second Niger Bridge (for completion in 2022), Abuja-Kaduna-Zaria-Kano Expressway (first phase for completion in 2023).
    President Buhari had on Jan. 25, 2019, issued the Executive Order 7 of 2019, on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.
    The scheme allows companies that are willing and able to spend their own funds on constructing critical roads, to recover their construction costs by paying reduced taxes, over a period of time, and in a transparent manner.
    So far, more than N1 trillion has been mobilised through Executive Order 7, for road projects across all six geopolitical zones of the country, like Bodo-Bonny in Rivers and Apapa-Oshodi-Oworonshoki-Ojota in Lagos.
    The Highway Development and Management Initiative (HDMI), a public-private partnership programme would also mobilise, in its first Phase, over a trillion Naira in private investment into the development and maintenance of 12 Roads, amounting to 1,963km in length.
    ”More than 600 billion Naira worth of Sukuk Bonds raised since 2017 for more than 40 critical road projects across all six geopolitical zones.
    ”Between November 25 and December 13, 2021, the Federal Government handed over to benefiting communities 941 km of completed Sukuk road projects connecting 10 states in five geo-political zones of the country”.
    On air and sea ports development, the government had completed the new terminals for International Airports in Lagos, Abuja, Kano and Port Harcourt while the New Runways for the Abuja and Enugu International Airports had been completed.
    The Abuja International Airport Runway was reconstructed in 2017, for the first time since the Airport was built in the early 1980s.
    In 2019 President Buhari approved a special fund of N10 Billion for the reconstruction of the Enugu Airport Runway; it was completed and reopened in August 2020).
    Presidential approval for four International Airports as Special Economic Zones: Lagos, Kano, Abuja and Port Harcourt was also granted by the President as he approved funds for the Accident Investigation Bureau (AIB) to build a world-class Flight Safety Laboratory (FSL) in Abuja, and train personnel to run it.
    Now Nigeria no longer has to send aircraft Cockpit Voice Recorders and Flight Data Recorders (“Black Box”) abroad for downloading and analysis.
    The Nigeria College of Aviation Technology (NCAT) in Zaria, has undergone a transformation under President Buhari: A new Boeing 737 Full Flight Simulator has been installed in the College, as well as a fully-automated Fire and Smoke Aircraft Training Simulator.
    Prior to the installation of the Fire and Smoke Simulator, Nigeria was sending personnel to Cameroon for the relevant training.
    NCAT has also acquired 7 brand new Training Planes (1 multi-engine and 6 single-engine) that use Jet A1 fuel; to replace the old training planes that were expensive to maintain.
    The Nigerian Meteorological Agency (NIMET) in July 2017 received the ISO 9001:2015 certification (re-certified in August 2020) for aeronautical meteorological services delivery, making Nigeria the first-ever African country to achieve this feat.
    Significant infrastructural upgrades at various Airports nationwide include, Cat-3 (ILS = Instrument Landing System; DME = Distance Measuring Equipment) installed in Lagos and Abuja Airports in 2019 — which allows planes to land in zero visibility.
    Installation in progress in 3 more airports as Cat-2 had been installed in 10 airports around the country, another 4 in progress Doppler Omni-directional Range (DVOR) DME installed in 8 airports o Air Traffic Control (ATC) Mobile Towers installed in Lagos and Abuja Airports.
    The procurement processes for the establishment of an Aviation Leasing Company in Nigeria, a Maintenance, Repair and Overhaul (MRO) Centre, and the development of Aerotropolis (Airport Cities) in Lagos and Abuja are all ongoing, for completion in 2022, according to the project timelines.
    Also the Lekki Deep Sea Port, the first new Sea Port in Nigeria in decades, is now more than 90 per cent completed, while the ground-breaking done for Bonny Deep Sea Port was done in March 2021, and the inauguration of Kaduna Inland Dry Port was done in 2018.
    The construction of Kano and Katsina Inland Dry Ports are ongoing, and to be completed this year, while the ‘Deep Blue’ Maritime Security Project was completed in 2021. The project includes 17 Special Mission Vessels, 2 Special Mission Aircraft, and 3 Helicopters.
    The Maritime sector also witnessed the launch of a new Cabotage Compliance Strategy, in 2019, by the Nigerian Maritime Administration and Safety Agency (NIMASA), to enforce the implementation of the Cabotage Act.
    The sector also witnessed the Introduction of Electronic Call-up system by the Nigerian Ports Authority (NPA), to substantially address the challenges of traffic gridlock caused by the Lagos Ports, using technology.
    The designation of the Lilypond Container Terminal in Ijora, Lagos as a specialized processing and handling facility for the export of locally-made agricultural and finished goods was also achieved in the period under review.
    It also witnessed the commencement of indigenous survey and charting of Nigeria’s offshore waters, by the Nigerian Navy’s new Hydrographic Survey Vessel, NNS LANA.
    ”Cabinet approval for award of 30-year Concession of Onitsha River Port, under a Rehabilitate, Operate and Transfer (ROT) arrangement, February in 2022.”
    There was also the development of capacity at the Eastern Ports: ”Reduction of Tariff (10% Rebate) on Harbour Dues for vessels calling at the Eastern Ports, as part of incentives to encourage vessel traffic to the Eastern Ports.”
    In December 2017, Calabar Port commenced export of bulk cement to Tema Port in Ghana.
    – In 2019, 3 container ships berthed at Calabar Port, for the first time in eleven years
    – Dredging of Warri Port (Escravos Bar—Warri Port channel) completed in 2018
    – On Oct. 30, 2019, an LPG Tanker operated by NLNG, berthed in Port
    Harcourt – the first time ever an LPG ship berthed in any of the Eastern Ports
    – On Dec. 8, 2019, Onne Port received JPO VOLANS (owned by Maersk), the FIRST gearless and largest container vessel (265.07 metres) to call at any Eastern Port in Nigeria.
    – On Aug. 1, 2019, Onne Port’s Brawal Terminal received MSC GRACE, its first container vessel since 2012.
    – In March 2021, the export of 7,000 metric tonnes of cocoa through Calabar Port to the United States, for the first time in about 14 years.
    – The two largest container ships to ever berth at any Nigerian port, have been in Onne, in the last 3 years: Maersk Stadelhorn, 300m long & 48m wide, on August 15, 2020, and Lady Jane on April 13, 2022. 294.5m long and 32.3m wide.
    On power generation and distribution, the Buhari administration would be leaving behind an incremental 4,000MW+ of power generating assets as this will be completed during the life of the administration.
    These include the Zungeru Hydro, Kashimbila Hydro, Afam III Fast Power, Kudenda Kaduna Power Plant, the Okpai Phase 2 Plant, the Dangote Refinery Power Plant, and others.

    (NAN)

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

    NCDMB lauds Temile/Hyundai deal to build new LPG vessel

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


    (NAN)

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

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

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

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

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

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

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

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

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

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

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

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

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

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



    (NAN)

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

    NLNG leads stride to gas-powered economy

    An analysis by Solomon Asowata of the News Agency of Nigeria

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    (NAN)

  •  Mr Mohammed Bello Koko the Managing Director Nigerian Ports Authority NPA on Sunday said that automation would be the backbone of efficiency in the ports Bello Koko who said this at a media chat with maritime journalists in Lagos noted that modern ports were all moving towards automation He stressed the need for full automation of port activities devoid of manual interference Automation will be the backbone of efficiency in the port because it will improve revenue and I am really interested in getting this done We have achieved some level of automations but they are all in silos and we need to integrate them We need to also put something that everyone will log into the shipping lines and others We need to copy things that are being used in other ports things that will add value and that is the Port Community System he said According to him the Port Community System will enable all stakeholders the NPA the Nigerian Shippers Council the shipping companies and the Nigeria Customs Service among others to log into the system for exchange of data and processes The International Maritime Organisation IMO has mandated all ports to deploy such information technology and softwares by 2025 our target is actually 2023 maximum early 2024 he said Bello Koko said that the NPA had been trying to deploy the Vessel Traffic Services VTS for over 10 years and had reached out to the Nigeria LNG Ltd NLNG for collaboration We need to get qualified people to deploy VTS because they are very few IMO gave us some companies but some of them did not meet our requirements or did not want to work with the NPA However NLNG has a VTS in Bonny even though it is not robust and we don t have a problem collaborating with them on that We need them to do the survey and put the nodes and sensors around It is one of the most important thing in the maritime industry around the world One should be able to have visibility of the ship and it will be a tremendous achievement he said Bello Koko said that the NPA would ensure usage of the application when introduced to improve speed and leakage blockage He said that the authority had started working on the rehabilitation of port infrastructure with the right marine equipment in place We have very old ports one of the major problems is the decayed infrastructure TinCan Island is practically collapsing and so we decided to focus our budget toward the rehabilitation of key ones What we have done was to start talking to lending agencies we have started talking to terminal operators who have operated within 10 to 15 years that their leases are about to expire on how much they will put back For their leases to be renewed they need to contribute to the development of the ports If they don t we will give them to someone or borrow for them to be rehabilitated But the rates to be paid will go up If we don t do that they will keep managing those places he said Bello Koko assured stakeholders of enhanced security and navigational equipment at the ports Speaking on Eto the e call up system for trucks he noted that the major challenge of the initiative was enforcement A month ago NPA signed an agreement with the Lagos State Government to deploy mobile court to that location We went round and identified locations where there should be checkpoints and at the end of the day if they are 60 and we decided we want to have 20 in that location we will put a signage there Checkpoints outside that location is illegal And all checkpoints are not meant to check Eto tickets some are there for the purpose of national security and community policing and they do not have business of stopping trucks We are looking at a possibility of introducing an alternative so as to have competition he said NAN
    Automation backbone of port efficiency – Bello-Koko
     Mr Mohammed Bello Koko the Managing Director Nigerian Ports Authority NPA on Sunday said that automation would be the backbone of efficiency in the ports Bello Koko who said this at a media chat with maritime journalists in Lagos noted that modern ports were all moving towards automation He stressed the need for full automation of port activities devoid of manual interference Automation will be the backbone of efficiency in the port because it will improve revenue and I am really interested in getting this done We have achieved some level of automations but they are all in silos and we need to integrate them We need to also put something that everyone will log into the shipping lines and others We need to copy things that are being used in other ports things that will add value and that is the Port Community System he said According to him the Port Community System will enable all stakeholders the NPA the Nigerian Shippers Council the shipping companies and the Nigeria Customs Service among others to log into the system for exchange of data and processes The International Maritime Organisation IMO has mandated all ports to deploy such information technology and softwares by 2025 our target is actually 2023 maximum early 2024 he said Bello Koko said that the NPA had been trying to deploy the Vessel Traffic Services VTS for over 10 years and had reached out to the Nigeria LNG Ltd NLNG for collaboration We need to get qualified people to deploy VTS because they are very few IMO gave us some companies but some of them did not meet our requirements or did not want to work with the NPA However NLNG has a VTS in Bonny even though it is not robust and we don t have a problem collaborating with them on that We need them to do the survey and put the nodes and sensors around It is one of the most important thing in the maritime industry around the world One should be able to have visibility of the ship and it will be a tremendous achievement he said Bello Koko said that the NPA would ensure usage of the application when introduced to improve speed and leakage blockage He said that the authority had started working on the rehabilitation of port infrastructure with the right marine equipment in place We have very old ports one of the major problems is the decayed infrastructure TinCan Island is practically collapsing and so we decided to focus our budget toward the rehabilitation of key ones What we have done was to start talking to lending agencies we have started talking to terminal operators who have operated within 10 to 15 years that their leases are about to expire on how much they will put back For their leases to be renewed they need to contribute to the development of the ports If they don t we will give them to someone or borrow for them to be rehabilitated But the rates to be paid will go up If we don t do that they will keep managing those places he said Bello Koko assured stakeholders of enhanced security and navigational equipment at the ports Speaking on Eto the e call up system for trucks he noted that the major challenge of the initiative was enforcement A month ago NPA signed an agreement with the Lagos State Government to deploy mobile court to that location We went round and identified locations where there should be checkpoints and at the end of the day if they are 60 and we decided we want to have 20 in that location we will put a signage there Checkpoints outside that location is illegal And all checkpoints are not meant to check Eto tickets some are there for the purpose of national security and community policing and they do not have business of stopping trucks We are looking at a possibility of introducing an alternative so as to have competition he said NAN
    Automation backbone of port efficiency – Bello-Koko
    Economy7 months ago

    Automation backbone of port efficiency – Bello-Koko

    Mr Mohammed Bello-Koko, the Managing Director, Nigerian Ports Authority (NPA), on Sunday said that automation would be the backbone of efficiency in the ports.

    Bello-Koko who said this at a media chat with maritime journalists in Lagos noted that modern ports were all moving towards automation.

    He stressed the need for full automation of port activities devoid of manual interference.

    “Automation will be the backbone of efficiency in the port because it will improve revenue; and I am really interested in getting this done.

    “We have achieved some level of automations but they are all in silos and we need to integrate them. We need to also put something that everyone will log into, the shipping lines and others.

    “We need to copy things that are being used in other ports, things that will add value and that is, the Port Community System,” he said.

    According to him, the Port Community System will enable all stakeholders, the NPA, the Nigerian Shippers’ Council, the shipping companies and the Nigeria Customs Service, among others to log into the system for exchange of data and processes.

    “The International Maritime Organisation (IMO) has mandated all ports to deploy such information technology and softwares by 2025, our target is actually 2023, maximum early 2024,” he said.

    Bello-Koko said that the NPA had been trying to deploy the Vessel Traffic Services (VTS) for over 10 years and had reached out to the Nigeria LNG Ltd (NLNG) for collaboration.

    “We need to get qualified people to deploy VTS because they are very few. IMO gave us some companies but some of them did not meet our requirements or did not want to work with the NPA.

    “However, NLNG has a VTS in Bonny even though it is not robust and we don’t have a problem collaborating with them on that. We need them to do the survey and put the nodes and sensors around.

    “It is one of the most important thing in the maritime industry around the world. One should be able to have visibility of the ship and it will be a tremendous achievement,” he said.

    Bello-Koko said that the NPA would ensure usage of the application when introduced to improve speed and leakage blockage.

    He said that the authority had started working on the rehabilitation of port infrastructure with the right marine equipment in place.

    “We have very old ports, one of the major problems is the decayed infrastructure; TinCan Island is practically collapsing and so we decided to focus our budget toward the rehabilitation of key ones.

    “What we have done was to start talking to lending agencies, we have started talking to terminal operators who have operated within 10 to 15 years that their leases are about to expire, on how much they will put back.

    “For their leases to be renewed, they need to contribute to the development of the ports. If they don’t, we will give them to someone or borrow for them to be rehabilitated. But the rates to be paid will go up.

    “If we don’t do that they will keep managing those places,” he said.

    Bello-Koko assured stakeholders of enhanced security and navigational equipment at the ports.

    Speaking on Eto, the e-call-up system for trucks, he noted that the major challenge of the initiative was enforcement.

    “A month ago, NPA signed an agreement with the Lagos State Government to deploy mobile court to that location.

    “We went round and identified locations where there should be checkpoints and at the end of the day if they are 60 and we decided we want to have 20 in that location, we will put a signage there.

    “Checkpoints outside that location is illegal. And all checkpoints are not meant to check Eto tickets, some are there for the purpose of national security and community policing and they do not have business of stopping trucks.

    “We are looking at a possibility of introducing an alternative so as to have competition,” he said.



    (NAN)

  •  An indigenous Engineering Procurement and Contract EPC company Oilserv Ltd says it plans to bid for all moribund Nigerian National Petroleum Company Ltd NNPC pipeline distribution systems to ease products distribution chain Mr Emeka Okwuosa Group Chairman Oilserv Ltd told the News Agency of Nigeria on the sidelines of the just concluded Offshore Technology Conference OTC in Houston Texas U S He said that Frazimex Engineering Ltd a subsidiary of Oilserv had submitted a tender to NNPC in this regard NAN reports that Oilserv Group is the company handling the 2 8 billion Ajaokuta Kaduna Kano gas pipeline project As we speak today one of our companies is working closely with NNPC There is a tender going on on how to correct the moribund distribution systems for petroleum products distribution We see them all over Nigeria They are not functional But we want to buy them over rebuild them and make energy available instead of having people transport petrol and diesel from Port Harcourt to Makurdi for example Does it make any sense There is a pipeline built many years ago but really it is not there anymore because it has been damaged and not maintained We are also addressing that We ve also gone into renewables he said Okwuosa said that the company was working to build gas networks built locally and then operate That means that we are already trying to address the issue of energy availability within our group he said On agriculture Okwuosa said that one of the Oilserv subsidiaries Ekcel Farms Ltd was involved in agriculture and products processing He said We have our primary feeds cassava and tomato We are trying to develop cassava at the moment Part of the reasons for this is not to only provide for the teeming population of Nigeria but also provide products or feeds that can be used in pharmaceuticals in the other food industries What that means is that it helps us to balance our footprints in the energy industry because one of the aspects of our foray into agriculture is to be able to generate power that we use from agriculture by using biomass and biogas taking the waste and then converting it to energy That again helps us to address our carbon footprints as a country Having said that if you look at the energy sector around the world particularly oil and gas you will see a lot of discussions going on he said On energy transition strategy the Oilserv boss said the company has a clear energy transition strategy Apart from developing it we sensitise people about it and review it regularly We ve also gone into renewables We are not at this point developed in renewables But we have a partnership with a German company to address the renewables solar or whatever We are more concerned about how we can utilise the principle of both green and blue hydrogen We want to be able to generate power without having to damage the environment So we are already moving into that sector But going into the new phase of energy delivery takes a lot of time to plan a lot of investments And like I said if you look at Nigeria we also have some issues he said Okwuosa said most of the countries in the world that have developed and still developing have frameworks to encourage these developments By way of tax rebate addressing price issues to make sure that entry points in terms of costs for these alternatives will not be too high Unfortunately we don t see any articulated situation like that in Nigeria What that means is that there is really no encouragement for any investor to come into that as a business because he cannot compete today in terms of pricing with fossil fuels But we cannot give up it s about engaging the government it s about pushing because we have no choice If we don t the train will keep moving and we ll get to a point where our oil is there but we cannot produce It is our duty as a country to make sure we can refine the crude oil we use We can do that Nigeria s utilisation is high enough to actually absorb about a third of our production he said Bridging infrastructure deficit Okwuosa said that the Federal Government had done quite a lot of things for which it has not been given credit When President Muhammadu Buhari came into power the AKK pipeline was already under discussion since 2009 it was never moved anywhere But within three months of coming into power Buhari brought the issue up and said it must be done Buhari government gives us the support to navigate that process especially the funding The government has been determined to ensure the Nigeria Gas Master Plan is fully executed because of its impact That is why we are talking about the pipeline to Ajaokuta which is the last interlink So I give them credit for that There are quite a number of programmes the NNPC has initiated like the seven gas programmes we have The Train 7 NLNG is ongoing as we speak A lot has happened That is why I keep saying that gas is the mainstay of our transition If we get gas right it would be easier for us to transition into renewables The Nigerian government has done a lot But as a developing country you know we are struggling with so many things for now It is about focusing on what matters the most The government has done a lot but there is room for more It needs to make it possible that there is an enabling environment for investors who are interested in the renewables he said NAN
    Oilserv targets takeover of moribund NNPC pipelines
     An indigenous Engineering Procurement and Contract EPC company Oilserv Ltd says it plans to bid for all moribund Nigerian National Petroleum Company Ltd NNPC pipeline distribution systems to ease products distribution chain Mr Emeka Okwuosa Group Chairman Oilserv Ltd told the News Agency of Nigeria on the sidelines of the just concluded Offshore Technology Conference OTC in Houston Texas U S He said that Frazimex Engineering Ltd a subsidiary of Oilserv had submitted a tender to NNPC in this regard NAN reports that Oilserv Group is the company handling the 2 8 billion Ajaokuta Kaduna Kano gas pipeline project As we speak today one of our companies is working closely with NNPC There is a tender going on on how to correct the moribund distribution systems for petroleum products distribution We see them all over Nigeria They are not functional But we want to buy them over rebuild them and make energy available instead of having people transport petrol and diesel from Port Harcourt to Makurdi for example Does it make any sense There is a pipeline built many years ago but really it is not there anymore because it has been damaged and not maintained We are also addressing that We ve also gone into renewables he said Okwuosa said that the company was working to build gas networks built locally and then operate That means that we are already trying to address the issue of energy availability within our group he said On agriculture Okwuosa said that one of the Oilserv subsidiaries Ekcel Farms Ltd was involved in agriculture and products processing He said We have our primary feeds cassava and tomato We are trying to develop cassava at the moment Part of the reasons for this is not to only provide for the teeming population of Nigeria but also provide products or feeds that can be used in pharmaceuticals in the other food industries What that means is that it helps us to balance our footprints in the energy industry because one of the aspects of our foray into agriculture is to be able to generate power that we use from agriculture by using biomass and biogas taking the waste and then converting it to energy That again helps us to address our carbon footprints as a country Having said that if you look at the energy sector around the world particularly oil and gas you will see a lot of discussions going on he said On energy transition strategy the Oilserv boss said the company has a clear energy transition strategy Apart from developing it we sensitise people about it and review it regularly We ve also gone into renewables We are not at this point developed in renewables But we have a partnership with a German company to address the renewables solar or whatever We are more concerned about how we can utilise the principle of both green and blue hydrogen We want to be able to generate power without having to damage the environment So we are already moving into that sector But going into the new phase of energy delivery takes a lot of time to plan a lot of investments And like I said if you look at Nigeria we also have some issues he said Okwuosa said most of the countries in the world that have developed and still developing have frameworks to encourage these developments By way of tax rebate addressing price issues to make sure that entry points in terms of costs for these alternatives will not be too high Unfortunately we don t see any articulated situation like that in Nigeria What that means is that there is really no encouragement for any investor to come into that as a business because he cannot compete today in terms of pricing with fossil fuels But we cannot give up it s about engaging the government it s about pushing because we have no choice If we don t the train will keep moving and we ll get to a point where our oil is there but we cannot produce It is our duty as a country to make sure we can refine the crude oil we use We can do that Nigeria s utilisation is high enough to actually absorb about a third of our production he said Bridging infrastructure deficit Okwuosa said that the Federal Government had done quite a lot of things for which it has not been given credit When President Muhammadu Buhari came into power the AKK pipeline was already under discussion since 2009 it was never moved anywhere But within three months of coming into power Buhari brought the issue up and said it must be done Buhari government gives us the support to navigate that process especially the funding The government has been determined to ensure the Nigeria Gas Master Plan is fully executed because of its impact That is why we are talking about the pipeline to Ajaokuta which is the last interlink So I give them credit for that There are quite a number of programmes the NNPC has initiated like the seven gas programmes we have The Train 7 NLNG is ongoing as we speak A lot has happened That is why I keep saying that gas is the mainstay of our transition If we get gas right it would be easier for us to transition into renewables The Nigerian government has done a lot But as a developing country you know we are struggling with so many things for now It is about focusing on what matters the most The government has done a lot but there is room for more It needs to make it possible that there is an enabling environment for investors who are interested in the renewables he said NAN
    Oilserv targets takeover of moribund NNPC pipelines
    General news7 months ago

    Oilserv targets takeover of moribund NNPC pipelines

    An indigenous Engineering Procurement and Contract (EPC) company, Oilserv Ltd., says it plans to bid for all moribund Nigerian National Petroleum Company Ltd. (NNPC) pipeline distribution systems to ease products distribution chain.

    Mr Emeka Okwuosa, Group Chairman, Oilserv Ltd., told the News Agency of Nigeria on the sidelines of the just concluded Offshore Technology Conference (OTC) in Houston, Texas, U.S.

    He said that Frazimex Engineering Ltd., a subsidiary of Oilserv, had submitted a tender to NNPC in this regard.

    NAN reports that Oilserv Group is the company handling the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project.

    “As we speak today, one of our companies is working closely with NNPC.

    “There is a tender going on on how to correct the moribund distribution systems for petroleum products distribution. We see them all over Nigeria. They are not functional.

    “But we want to buy them over, rebuild them and make energy available, instead of having people transport petrol and diesel from Port Harcourt to Makurdi, for example. Does it make any sense?

    “There is a pipeline built many years ago but, really, it is not there anymore because it has been damaged and not maintained. We are also addressing that. We’ve also gone into renewables,” he said.

    Okwuosa said that the company was working to build gas networks, built locally, and then operate.

    “That means that we are already trying to address the issue of energy availability within our group,” he said.

    On agriculture, Okwuosa, said that one of the Oilserv subsidiaries, Ekcel Farms Ltd. was involved in agriculture and products processing.

    He said: “We have our primary feeds – cassava and tomato. We are trying to develop cassava at the moment.

    “Part of the reasons for this is not to only provide for the teeming population of Nigeria but also provide products or feeds that can be used in pharmaceuticals, in the other food industries.

    “What that means is that it helps us to balance our footprints in the energy industry because one of the aspects of our foray into agriculture is to be able to generate power that we use from agriculture by using biomass and biogas, taking the waste and then converting it to energy.

    “That again helps us to address our carbon footprints as a country.

    “Having said that, if you look at the energy sector around the world, particularly oil and gas, you will see a lot of discussions going on,” he said.

    On energy transition strategy, the Oilserv boss said the company has a clear energy transition strategy.

    “Apart from developing it, we sensitise people about it and review it regularly.

    “We’ve also gone into renewables. We are not, at this point, developed in renewables. But we have a partnership with a German company to address the renewables, solar or whatever.

    “We are more concerned about how we can utilise the principle of both green and blue hydrogen.

    “We want to be able to generate power without having to damage the environment. So, we are already moving into that sector.

    “But going into the new phase of energy delivery takes a lot of time to plan, a lot of investments. And like I said, if you look at Nigeria, we also have some issues,” he said.

    Okwuosa said most of the countries in the world that have developed and still developing have frameworks to encourage these developments.

    “By way of tax rebate, addressing price issues to make sure that entry points, in terms of costs for these alternatives, will not be too high.

    “Unfortunately, we don’t see any articulated situation like that in Nigeria. What that means is that there is really no encouragement for any investor to come into that as a business because he cannot compete today in terms of pricing with fossil fuels.

    “But we cannot give up, it’s about engaging the government, it’s about pushing because we have no choice. If we don’t, the train will keep moving and we’ll get to a point where our oil is there but we cannot produce.

    “It is our duty as a country to make sure we can refine the crude oil we use. We can do that. Nigeria’s utilisation is high enough to actually absorb about a third of our production ” he said.

    Bridging infrastructure deficit, Okwuosa, said that the Federal Government had done quite a lot of things for which it has not been given credit.

    “When President Muhammadu Buhari came into power, the AKK pipeline was already under discussion since 2009, it was never moved anywhere.

    “But within three months of coming into power, Buhari brought the issue up and said it must be done.

    “Buhari government gives us the support to navigate that process, especially the funding. The government has been determined to ensure the Nigeria Gas Master Plan is fully executed because of its impact.

    “That is why we are talking about the pipeline to Ajaokuta, which is the last interlink. So, I give them credit for that.

    “There are quite a number of programmes the NNPC has initiated, like the seven gas programmes we have. The Train 7 NLNG is ongoing as we speak.

    “A lot has happened. That is why I keep saying that gas is the mainstay of our transition. If we get gas right, it would be easier for us to transition into renewables.

    “The Nigerian government has done a lot. But, as a developing country, you know we are struggling with so many things for now.

    “It is about focusing on what matters the most. The government has done a lot, but there is room for more. It needs to make it possible that there is an enabling environment for investors who are interested in the renewables,” he said.

    (NAN)

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