Oil & Energy
Tambuwal Urges Local Content Act Implementation
The Speaker of the House of Representatives, Rt Hon Alhaji Aminu Waziri Tambuwal, has called on all stakeholders to ensure that the local content Development Act is fully implemented as a means to trigger industrial revolution in Nigeria.
Alhaji Tambuwal gave the charge while speaking at a two-day summit organized by the House of Representatives Committee on local content at Hotel Presidential, Port Harcourt, within the theme; “Operationalising a Development Agenda for Local content”.
The Speaker, who was represented by the Deputy leader of the House of Representatives, Hon Leo Ogoh, said the committee has a mandate to oversee and expand the dreams of the pioneers of the Act, for the full benefits of Nigerians.
He assured that the House will exert its legislative vigilance to ensure the full implementation of all aspects of the Act, especially in the monitoring of revenues that are generated through its implementation, and the education of Nigerian on the importance of the Act.
In his opening remarks, the chairman, House of Representatives Committee on Local content, Hon Asita Honourable Asita, expressed satisfaction over the turn out of participants at the summit.
He noted “the successful implementation of the Act depends on the effective monitoring of the process by all stakeholders”.
Hon Asita assured that the committee will not loose touch with the process of amendment and expansion of the Act to achieve its intended vision and objectives.
In her keynoted address, Minister of Petroleum Resources, Mrs Diezani Allison Madueke Commended the National Assembly on the passage of the Act as a means of promoting indigenous participation in the Nigeria oil and gas industry.
The minister, who described the Act as “a tool for industrialization in Nigeria”, said when fully implemented, it will lead to generation of jobs for Nigerians though capacity development.
The minister, who was represented by the Executive Secretary Nigerian Content Development
and Monitoring Board, Engr. Ernest nwapa, said the act was not intended to scare foreign firms, but to “stimulate genuine collaboration between local and international partners through the creation of a level playing ground”.
She explained that the Act was not restricted to the oil and gas industry but applicable to all sectors of the Nigerian economy.
Addressing the Summit, the Rivers State Governor, Rt Hon Chibuike Amaechi, thanked the committee for the choice of Port Harcourt as the venue.
The Governor, represented by his Deputy, Engr. Tele Ikuru, decried the lack of active participation of Rivers people in the oil and gas industry, despite the enormous contributions of the state to the oil sector.
Governor Amaechi called for amendment of existing laws to ensure active participation of Rivers State in the oil sector, noting that such development will lead to the creation of wealth and employment opportunities in the state.
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Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
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