Connect with us

Oil & Energy

NBA Calls For Abolition Of Fuel Sibsidy, Fixed Charge

Published

on

The Nigerian Bar Asso
ciation (NBA) has lent its voice to the call for abolition of fixed charge being charged consumers by Electricity Distribution Companies (DISCOs) in Nigeria, saying it is illegal.
The association said the Nigerian Electricity Regulatory Commission’s (NERC’s) policy on maintenance fees charged on meters amount to oppressive multiple taxation and should therefore be discontinued.
It also called for abolition of oil subsidy policy in view of the huge corruption in the process and suggested transparent harnessing and deployment of the nation’s resources.
In a communiqué issued Friday at the end of NBA’s 55th annual conference in Abuja, the body promised to partner with the government in the fight against corruption for national development.
“Critical to national development is the removal of fuel subsidy as it is one of the aggravating factors in corruption in that sector apart from the potential for national development thus afforded,  if funds thus freed up are duly harnessed”, it said.
The communiqué further called for prompt passage of the Petroleum Industry Bill (PIB) in view of its critical importance for nation’s development and stressed the need for major review to include the removal of clauses that tend to delimit the rights of the access to the courts by citizens who are negatively affected by petroleum operations, reduce the wide and overriding powers of the minister.
It stated that, “oil companies causing environmental degradation shall in addition to fines imposed by government pay a fair, full and adequate compensation to any persons aggrieved as determined by a judge sitting in the jurisdiction of injury whether state or federal, provided that the sum payable shall be as determined by an advisory adhoc  multi-disciplinary college of referees appointed by the judge comprising toxicologists, surveyors and valuers whose fees shall be charged to the polluters.”

Continue Reading

Oil & Energy

Micro-Grids, Solution To Africa’s Power Problems – Expert

Published

on

The incorporation of micro-grids into a hybrid system of electrification is the best solution for Africa’s power supply problems, an international energy consultant based in Johannesburg, Anastasia Walsh, has said.
Walsh, who described electrification as an ongoing and foundational investment necessary to realise all modern-day development objectives, urged governments in Africa to explore the use of mini and micro-grids as they strive to provide power.
She said, “Despite bullish policies, the fact remains that over 640 million Africans lack access to electricity. The effect of this is apparent.
“It impedes economic growth, it inhibits the advancements of self-reliant local communities and it threatens national security. African governments are beginning to rethink their electrification plans.
“Grid modernisation, specifically the deployment of micro-grids in rural areas, provides a promising strategy.”
She noted that attempting to replicate the centralised utility models implemented in the United States and Europe had not succeeded in improving energy access across the continent.
Walsh said despite this, it was as if many governments and utilities wrongly maintain the position that the expansion of the traditional grid infrastructure was the solution.
She said, “In areas where communities have access to the central grid, they still have to supplement the intermittency of the power with diesel generators.
“On the flip side, the utilities are financially strained because they are unable to collect revenues from their customers.
“The low rate of revenue collection is due to the unsustainable tariffs the providers impose on customers as a result of the political pressure exerted on them. This results in the utilities being unable to finance upgrades in infrastructure, further exacerbating the issues.”

Continue Reading

Oil & Energy

Cautious Optimism Greets Oil Discovery In Gongola Basin

Published

on

Exciting as the news of the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin may be, stakeholders, yesterday, insisted that the development would only be meaningful after the volumetric of the hydrocarbon is determined.
They equally noted that festering insecurity, environmental issues, dearth of infrastructure and cost of production were major factors that must also be taken into account, just as economically viable farmlands, as well as communities may be affected and relocated.
Exploring the many implications of the development, some industry players noted that the development is also capable of dousing agitations of the Niger Delta region, hoping that it would balance resource locations in the country.
Exciting as the news of the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin may be, stakeholders, yesterday, insisted that the development would only be meaningful after the volumetric of the hydrocarbon is determined.
They equally noted that festering insecurity, environmental issues, dearth of infrastructure and cost of production were major factors that must also be taken into account, just as economically viable farmlands, as well as communities may be affected and relocated.
Exploring the many implications of the development, some industry players noted that the development is also capable of dousing agitations of the Niger Delta region, hoping that it would balance resource locations in the country.
The Nigerian National Petroleum Corporation (NNPC), which announced, on Friday, the discovery of crude oil and gas in the Gongola Basin, northern Nigeria, noted that the commercial viability of the discovery coming from the drilling of a total depth of 13, 701ft before hitting oil and gas in several levels is yet to be ascertained.

Continue Reading

Oil & Energy

PANDEF Applauds OML 25’s Peaceful Resolution

Published

on

The Pan Niger Delta Forum(PANDEF) has applauded the peaceful resolution of conflict arising from the Oil Mining Licence (OML) 25 between the multinationals and host communities in Rivers State.
Leader of PANDEF, Chief Edwin Clark, gave the commendation at the official reopening of the flow station by host communities, including, Koko Ama, Offoin Ama, Belema Ama, and Ngeje in Kula Kingdom in Degema Local Government Area of Rivers State, at the weekend.
Clark, who spoke through a former Nigerian Ambassador, Godknows Igali, stated that the approach could be used to address similar issues in other oil bearing communities within and outside Rivers State.
He pledged his commitment towards working with the Federal Government in ensuring that the OML community engagement model is replicated in other oil bearing communities in the Niger Delta region.
Clerk commended Belema oil, Nigeria National Petroleum Corporation (NNPC) and Shell Petroleum Development Company (SPDC) for their spirit of negotiation and peaceful resolution of conflicts.
“He (Clark) asked me to let you know that he would continue to work with you, work with the Federal Government and work with all stakeholders and ensure that this type of synergy is replicated not only in and around Kula OML area, but around the oil producing communities so that there can be peace”, Igali said.
In his address, the spokesman of PANDEF, Mr Anabs Sara-Igbe, thanked the Federal Government for moving the construction of the 85 km Degema-Kula Express Way away from the Ministry of Niger Delta to the Niger Delta Development Commission.
He said, “I thank the Federal Government particularly for moving the 85 km Kula road to Degema from the Ministry Niger Delta Affairs to NDDC, who will work with Belema Oil and SPDC”.

 

Tonye Nria-Dappa

Continue Reading

Trending