Nation
FG Targets Nigeria’s Dominance Of W’African Oil, Gas Market
The Federal Government says it is targeting Nigeria’s dominance of the oil and gas market in the West African region with its ongoing Refinery Revolution and Decade of Gas initiative.
Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, made this known last Wednesday in Lagos at the Second Quarter, 2021 Business Dinner of The Petroleum Club Lagos.
The topic of the session was: ‘A Discussion on the Future of the Nigerian Petroleum Industry’.
Auwalu said Nigeria must rewrite its history and reverse the resource curse syndrome which had plagued the country for decades by ensuring utilisation of its vast oil and gas resources for national development.
He said that the country had the population and was geographically positioned to be a dominant player in the regional oil and gas market.
The DPR boss said the target of the government was to increase its oil reserves to 40 billion barrels and grow gas reserves to 220TCF by 2030.
He said the government also planned to increase production capacity to three million barrels per day.
“This is achievable with the ongoing rehabilitation of the nation’s refineries, the coming on stream of the Dangote Refinery and other modular refineries that are under construction.
“None of the West African countries have a refinery producing Premium Motor Spirit and this presents a great opportunity for us.
“We can take over the market and it is a future we are looking forward to,” Auwalu said.
He said the focus on development of the nation’s gas resources would help transform Nigeria to a gas-based economy which would create employment opportunities for the populace.
Auwalu said the passage of the Petroleum Industry Bill (PIB) was needed to drive these initiatives so as to provide clarity in legal framework, institutional alignment and improved investment climate.
He thanked the members of the Petroleum Club for their contribution to the industry in the past decades.
He added that government would continue to partner with the private sector to achieve its vision for the oil and gas industry.
Earlier in his remarks, Dr Layi Fatona, President, Petroleum Club Lagos, said the association was a think-tank of persons who had played a key role in the petroleum industry and are desirous of improving its contribution to the economy.
Fatona said the Covid-19 pandemic and the global energy transition had made it imperative for Nigeria to make use of its vast petroleum resources within the shortest possible time for national development.
Nation
HYPREP Marks 15 Years Of UNEP Report, Highlights Major Cleanup Milestones
In a statement signed by the Project Coordinator, Prof Nenibarini Zabbey, to commemorate the anniversary, HYPREP described the anniversary as a significant milestone in Nigeria’s environmental restoration efforts, noting that the project has made remarkable progress in implementing the recommendations of the landmark UNEP report released on August 4, 2011.
The UNEP report had revealed extensive oil pollution across Ogoniland, severe environmental degradation, and serious public health risks resulting from decades of petroleum operations. It also recommended an initial $1 billion fund to commence the cleanup of the affected communities.
According to HYPREP, the Federal Government formally launched the Ogoni clean-up in 2016, while the Project Coordination Office was established in 2017 to drive the implementation of UNEP’s recommendations.
Zabbey said the current administration has continued to prioritise the project under the Renewed Hope Agenda.
Providing an update on the cleanup, the Project Coordinator disclosed that 30 of the 65 contaminated sites identified by UNEP have been fully remediated, while work is ongoing at several medium- and high-risk locations. It also stated that more than 1.5 million mangrove seedlings have been planted as part of what it described as the world’s largest restoration of oil-degraded mangroves, with over 1,000 hectares of shoreline already rehabilitated.
Zabbey further revealed that 49 Ogoni communities have been connected to potable water schemes through multiple water projects and booster stations aimed at providing safe drinking water across the region.
In the health sector, he said the 100-bed Ogoni Specialist Hospital in Kpite and the 43-bed Cottage Hospital in Buan are nearing completion, adding that several existing health facilities have been upgraded with modern medical equipment, while five ambulances have been donated to improve emergency healthcare services. The Project Coordinator also disclosed that a three-year human health biomonitoring study is being conducted in collaboration with the World Health Organization’s International Agency for Research on Cancer (IARC).
On economic empowerment, Zabbey stated that the Project has created more than 8,000 direct jobs and trained thousands of Ogoni youths and women in various vocational and technical skills, including software development, cybersecurity, aviation, commercial diving, seafaring, mechatronics, and creative arts. The project also reported awarding scholarships to more than 1,000 students, providing grants to small businesses, and supporting persons living with special needs through skills acquisition programmes.
The statement further highlighted ongoing legacy projects, including the Ogoni Power Project and the Centre of Excellence for Environmental Restoration, which it said is about 96 per cent complete. HYPREP also welcomed the recent designation of the Ogoni Wetland as a Ramsar Site of International Importance and pledged to continue promoting biodiversity conservation and sustainable management of the ecosystem.
Marking the anniversary, Zabbey said the progress achieved over the past 15 years demonstrates the collective commitment of government, development partners, stakeholders, and local communities to restoring Ogoniland. He called for renewed collaboration to sustain the cleanup effort, promote environmental sustainability, and support the long-term development of the region. 3
Nation
REAN, SON synergise to curb fake renewable energy product
Nation
Self Help Africa programme expands water access for 320,000 Nigerians
-
News1 day agoRSG Targets Nine Million Residents in Mosquito Net Distribution Campaign
-
News1 day agoKenPoly Holds Eight Convocations, August 29
-
News1 day agoRSG Begins Another Phase of Projects Commissioning Today
-
Maritime1 day agoMarine Minister Commends President Tinubu On NPERA Bill Assent
-
Maritime1 day agoNAGAFF Petitions IGP Over Alleged Maritime Police Harassment
-
News1 day agoOsun Guber: Probe Vote-Buying, Violence, SERAP Urges INEC, EFCC, ICPC
-
News1 day ago2027: Adeleke Reaffirms Support For Tinubu, Calls Him Osun Son
-
Oil & Energy1 day agoAiyedatiwa Signs New Electricity Bill
