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FG Restates Commitment To Intervene In Power Sector

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The Minister of Power, Works and Housing, Mr Babatunde Fashola, has reaffirmed the Federal Government’s commitment to continually intervene in the power sector.
Fashola gave the assurance last Saturday in Lagos during a visit to 700 kilowatts mini-grid electricity supply under Energising Economies Initiative (EEI) at Iponri Market.
He said such interventions would include solar energy and renewable energy to ensure ease of doing business in the country.
According to Fashola, the Micro, Small and Medium Enterprise (MSME) operators are the engine of growth in any economy.
“They are one of the best in the economy I have seen. They are hardworking people and our ease of doing business targets them specifically.
“First, we understand that energy is an important component of their businesses. They pay between N2,000 and N5,000 just for supply of energy.
“Now, the solution we have brought for them has reduced that cost,” Fashola said.
He also said that the initiative was part of the Federal government’s resolve in ensuring an inclusive government.
Fashola said: “The president’s programme of ease of doing business has already hit the buzzer. It has reduced the cost of running and that is the ease of doing businesses.
“The other thing is that we are now implementing also the policy that no government before us was committed to developing energy through mini grid.
“So, Iponri, for example is now being powered by solar, it is also renewable. For those who asked, where is renewable policy? Come and see it in Iponri.
“It is in Sabon-geri and it is still also coming up in many other markets.
“You would have heard that from the shop owners that they now have the right and privilege to choose between the solar and the grid because they have both.
“There are traces of where the grids and generators were and you have heard from some of them saying that they have left their generators behind because they are too noisy and were too unhealthy because there are carbon emissions”, he said
Chief Executive Officer of Resource Energy, owners of the Iponri Market Energy Solution Ltd., Mr Ademola Adesina, said the company currently operates in six out of the 16 markets where the energising economies projects were.
Adesina said that the company planned to be in 12 markets out of the 300 major markets identified for the project.
He also said that the company could bid for and build more mini-grids and extend its service beyond major markets to some industrial clusters in future.
Also, the Managing Director of Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi, said the mini-grid currently served 450 shops out of 1700 shops at Iponri.
Ogunbiyi said that the shops were in different tiers depending on their level of consumption on the solar hybrid power system which has 700kw capacity.

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Oil & Energy

Motorists Want NNPC Mega Filling Station In Bori

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Motorists plying the Ogoni axis in Rivers State have urged the Nigeria National Petroleum Corporation, (NNPC) and the Department of Petroleum Resources, (DPR) to make real their promise of establishing at least one of the mega filling stations in Bori, headquarters of Khana Local Government Area to give the people access to the facility.
Some of the motorists and residents of Bori who spoke with The Tide said the absence of the NNPC filling station in Bori has made them to continue to suffer exploitation in the hands of private filling station owners who inflates their prices at will.
A commercial motorist,  Mr Paul Ndeemua  who spoke with our reporters said motorists plying the Bori route were excited when they heared of plans by government  to build a mega filling station in Bori, but they were surprised that there was no trace of the project in Bori long after the plan was made public through the media chat.
He said:  “ We commercial motorists operating within the Bori axis were happy when we learnt sometime ago that the government was going to build mega filling station in Bori like other parts of the state were they are located, but it’s unfortunate that almost three years after the plan was announced, nothing has happened. I want to use this opportunity to call on the NNPC and the DPR to fulfill their promise by building the filling station in Bori. The project will go a long way to help commercial motorists in the area, especially in terms of access to products.”
Another commercial motorist, Mr Akanimo Udosen who spoke with The Tide also decried the conspicuous absence of the NNPC  Mega Filling Station in Bori despite its location in other places.
Resident of Bori also called on the Government to build a mega filling station in Bori to serve the people of the area. Apart from assess to petroleum products, the student said the project will also give a face lift to Bori.
He called on the Rivers State Government and stakeholders in ogoni to address the rising challenges of insecurity in Khana LGA to attract investment in the area.

 

Taneh Beemene

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Oil & Energy

PPPRA To Audit Infrastructure In Downstream Oil Sector

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The Petroleum Products Pricing Regulatory Agency (PPPRA) says it will commence a comprehensive audit and survey of downstream oil and gas logistic facilities in the country.
Mr Abdulkadir Saidu, PPPRA executive secretary, disclosed this in a statement issued in Abuja last Saturday.
He said that the state of infrastructure in the downstream of the Nigerian oil and gas sector largely was a reflection of profitability and proficiency of the market.
He added that the aim of the audit was to assess the state, adequacy and identify the infrastructure gap in the sector.
“ The PPPRA recognises that the state of infrastructure in the downstream requires constant assessment to ensure uninterrupted supply of products in addition to providing up to date data for operation in the sector.
“Oil and gas processing, storage and distribution facilities, jetties downstream and pipelines, retail outlets for oil and Liquified Petroleum Gas (LPG)  will be the focus of the survey.
“ The audit also aimed at assessing the impact of government policy and regulation on the sector’s operating environment and viability, with a view to addressing identified loopholes,” he said
According to him, the exercise, which is expected to commence in the second half of 2019, is a long awaited exercise by operators and other stakeholders.
He noted that the outcome of the exercise would contribute to policy formulation and impact investment decision-making by investors.
Saidu said that the management of the PPPRA would champion the exercise, noting that it was in furtherance of the reform programme of Mr President in the oil sector.
“All oil and gas depot owners, marketers, retail outlets and LPG plant owners are stakeholders in this exercise.
“The ultimate objective of which is to enhance the commercial viability of the sector and improve its level of attractiveness as investment capital destination of choice for would-be investors.
“We therefore wish to solicit the cooperation and support of all stakeholders in ensuring its success,” he said.

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Oil & Energy

NNPC, NOSDRA Move To Check Oil Spills

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The Nigerian National Petroleum Corporation (NNPC) and the National Oil Spill Detection and Response Agency (NOSDRA) say they would partner to check the incidences of oil spill across the country.
Group Managing Director of the NNPC, Malam Mele Kyari made this known when he received the Director-General of NOSDRA, Mr Idris Musa at the NNPC Towers in Abuja on Wednesday.
In a statement signed by Mr Ndu Ughamadu, the spokesman for the corporation, Kyari said that as a national oil company, the NNPC pipelines, flow stations and assets across the country were jointly owned by the federation.
He maintained that the corporation produces crude oil to maintain a balance sheet for the nation.
“We have taken a number of steps to stem oil spill by deploying technology in order to make sure that whenever there is an oil spill incidence, it is contained almost immediately.
“We contain the incidences of oil theft, pipeline vandalism and acts of saboteurs and we intend to bring it to the barest minimum,” he said.
Kyari noted that the NNPC operated both crude oil and petroleum products pipelines, adding that the corporation was collaborating with its partners to curb incidences of oil spill in its areas of operations.
He said the corporation would also forge closer ties with NOSDRA to proactively forestall oil spill in areas that were prone to incessant incidences.
Earlier, Musa said the agency was prepared to partner the NNPC in mitigating oil spill in all areas of its operations.
He added that the partnership would ensure a good operating environment for the operators and the communities.
He added that breaking of petroleum products pipelines did not provide food, water and good environment for the people.

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