Connect with us

Business

NNPC Restates Resolve To Reduce GasFlaring

Published

on

Executive Director (Gas and Power) at the Nigerian National Petroleum Corporation (NNPC), Mr David Ige, on Thursday reiterated the country’s resolve to reduce gas flaring in the next two years.

He said this at theAnnual Oloibiri Lecture Series of the Society of Petroleum Engineer’s (SPE) 2012 in Lagos.

Ige said that government had introduced measures that would address issues confronting gas flaring in the country.

“The government is poised to reduce gas flaring drastically in the next two years.

“Nigeria is the holder of the world’s seventh and Africa’s largest gas reserves of more than 187 trillion cubic feet.

“The country flares most of the gas it produces along with oil because it lacks the infrastructure to process it,” the director said.

According to him, the country has the potential to produce 600 trillion cubic feet reserves, adding that availability of gas had never been Nigeria’s problem.

“But what has remained challenging is getting enough gas to the power stations,” he said.

Ige said that the nation’s gas master plan was predicated on an anticipated aggressive demand increase of up to 25 per cent.

“Domestic projects such as methanol plants, gas-to-liquids plants, fertiliser plants, independent power projects and other LNG export plants like Brass LNG are also expected to stimulate demand.

“Nigeria produces 7.8 billion cubic feet of gas per day, out of which it utilises 4.5 billion.

“Government is looking at having three gas transmission pipeline system,” Ige said.

The director also explained that the gas master plan and the pipelines that would carry gas to different parts of the country “are expected to stimulate economic activities around the pipeline routes”.

He said that gas-related industries would also spring up and generate jobs for Nigerians.

“The focus on gas is also going to help in solving the power supply problems nationwide as gas shortages in the power stations would be a thing of the past,” he said.

Ige said that gas remained a major challenge to steady power supply in the country and promised that this would be addressed.

“We expect that by the end of this month, the gas pipeline to Olorunsogo Power Plant will be completed to open access to enable the plant produce electricity for transmission.

According to him, the government has segmented the gas master plan into short, medium and long-term.

He said that in the short term, government would supply gas to cement factories, industrial companies and boost allocations.

Ige said that government also planned to boost gas allocation to the West African Gas Pipeline Company (WAGPCo) by December.

In his welcome address, Mr Ikechukwu Okafor, the Chairman of SPE Nigeria Council, said that this year’s lecture marked the 56th anniversary of commercial oil exploration activity in Nigeria.

He recalled that the journey started with the discovery of Shell Oloibiri well 1 on Sunday January 15, 1956, adding that the annual lecture was aimed at reminding Nigerians where oil started from and use the opportunity to transform the economy.

“This event fulfils the part of SPE’s yearly activities to collect, disseminate, and change technical knowledge concerning the exploration, development and production of oil and gas resources and related technologies for the benefit of the general public.

Continue Reading

Business

NPA Assures On Staff Welfare 

Published

on

The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

ANLCA Chieftain Emerges FELCBA’s VP

Published

on

National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

NSC, Police Boost Partnership On Port Enforcement 

Published

on

In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
Continue Reading

Trending