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Editorial

No To Gas Pipelines To Europe 

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Coming on the heels of the smoldering war between Ukraine and Russia, which currently holds out an impendence to gas supply to European countries, the Nigerian National Petroleum Company (NNPC) Limited said it was working on building pipelines that would convey gas from Nigeria to Europe.
The NNPC’s Group Managing Director, Mele Kyari, disclosed this while speaking virtually at the Atlantic Council Global Energy Forum. The forum was hosted in the United Arab Emirates (UAE). He stated that Nigeria was gradually moving away from dirtier fuel to cleaner energy, and added that gas had been picked by the Federal Government as the country’s transition fuel.
Kyari said, “What we are doing is some kind of replacement such that we move from the dirtier fuel to cleaner fuel which is gas. And what we had to do is to build the enormous gas infrastructure required to ensure that there is sufficient supply of gas into the domestic market and provide some for the international market.
“And more than that, within the West African context, you will see that energy inefficiency and poverty that you see in Nigeria is also in many West African countries around us. Therefore, we are trying to see how we can build a network of pipeline infrastructure that will deliver gas and potentially to jump into Europe through Morocco or through Algeria.”
The Minister of State for Petroleum Resources, Chief Timipre Sylva, similarly spoke to a delegation from the European Union (EU) saying that Nigeria was ready to step in as an alternative gas supplier to Europe. Sylva, however, urged the EU to step up investments in gas and hydrocarbon in Africa’s giant so that the country would be able to help meet its energy needs.
Apart from being amongst the leading oil and gas producers in Africa in 2022 with over 37 billion barrels of crude oil reserves, Nigeria, no doubt, has the potential to improve its energy exports to Europe and help address anticipated crude oil and natural gas shortages. With the EU planning to ban crude oil imports from Russia by increasing trade with other non-Russian economies and the Russian government promising to cut gas supplies if sanctions from Western countries continue, potential supply disruptions to Europe are anticipated.
Following Russia’s war with Ukraine, it has become more pressing than ever that Europe finds new energy sources, whether gas or renewables. But, switching to renewables takes time, and gas is the transition fuel of choice while Europe expands its renewable energy capacity. So, the short to medium-term solution is to find other gas sources. This is an opportunity for Nigeria to increase gas export and greatly improve its revenue profile.
Nigeria’s massive production capacity in 2022 will certainly place the country among the top three producers in Africa and a potential supplier to meet demand in Europe.  The country has an estimated gas reserve of 209 trillion cubic feet and will produce 1,780 billion cubic feet in 2022, up from 1,450 billion feet in 2021. With this portfolio, Europe can truly look to Nigeria as a potential supplier. This, indeed, is a positive.
Another positive is the enactment of the Petroleum Industry Act (PIA) which will assist with the increase in international majors and investors entering Nigeria. The PIA is expected to provide clarity on taxation, investment, and licensing that previously slowed down project deployment. When fully operational, the law will boost investment in oil and gas upstream activities to improve exploration, production, infrastructure development, and the country’s energy portfolio.
However, while the gas deal with the EU has enormous economic prospects for the country, the Federal Government must ensure that there is no further delay in tackling upstream issues like vandalism of infrastructure, a continued lack of investment in new exploration activities, and political instability including civil unrest in the oil and gas-rich regions. These factors have kept on disrupting the country’s ability to optimise oil and gas production and increase exports. If not efficiently handled, the planned export of gas to Europe will be a wild goose chase.
Although Nigeria is rich in oil and gas resources, it still does not have adequate infrastructure such as a functioning refinery. To utilise its oil and gas resources effectively, the nation needs to first build more infrastructure locally to process its energy. Additionally, our current natural gas-producing fields are expected to see a steep decline as we approach the mid-2020s. Majors including ExxonMobil, Shell, and Total Energies are expected to diversify their portfolios from 2022 onwards and exit the market.
Furthermore, it is worth noting that more than 50 per cent of the Nigerian population is still living in energy poverty as the country has been unable to provide energy for its citizens. It can hardly be comprehended why the government’s priority is to export natural gas while there is a severe dearth of the product for domestic use. Hence, the gas project should be put on hold until the impending issues are resolved for Nigeria to be a ready alternative for Europe in situations of urgency.
Even the Liquefied Petroleum Gas (LPG) is exorbitant and unaffordable. Nigerians have consistently cried out to President Muhammadu Buhari over the high cost of the LPG, otherwise called cooking gas, in the country, prodding him to take drastic measures to crash the price of the product in the interest of the masses. The cost of acquiring a 12.5 kg cylinder of household cooking gas increased to N8,500, as of March 28, 2022, from N7,000 recorded in September 2021.
The persistent hike in the price of cooking gas fused with the waning purchasing power of the average Nigerian does not bode well for the ceaseless adoption of LPG by both rural and urban dwellers; it is outrightly counterproductive to the government’s widely publicised LPG policy. Considering that LPG is environment-friendly, convenient, and safe, there is a need for government’s direct intervention to make the commodity more affordable to most Nigerians.

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Editorial

Democracy, Losing Its Relevance 

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Twenty five years of democracy in our country have unfortunately brought about a culture of insecurity due to various factors such as ethno-religious bigotry, power imbalances, institutional collapse, corruption, and economic decline. Despite the historic June 12, 1993 presidential election being hailed as the freest and fairest, the promises of hope and progress have not been fully realised. This raises the question of the necessity for Democracy Day and democracy in general.
Given the current challenging circumstances, Nigeria needs to build on its past successes and strive towards becoming a leading democratic nation. There is no time to waste, as the Human Development Index shows real room for improvement. The state of petroleum refining, which serves as the country’s main economic foundation, has declined rapidly and requires immediate action. Additionally, the unprecedented depreciation of the national currency must be addressed.
The escalation of corruption within the nation is a pressing issue that continues to worsen, especially with the blatant looting of state funds by politicians. The actions of various administrations have shown autocratic and draconian tendencies, often displaying a lack of accountability and respect for the rule of law. The authorities must address this growing problem and hold those responsible accountable for their actions.
Nepotism and cronyism have become widespread, with individuals using their influence to secure competitive political positions for their family members. This practice goes against democratic principles and undermines the merit-based system. Additionally, there has been a rise in industrial actions, such as strikes initiated by the Academic Staff Union of Universities (ASUU), which further disrupt the democratic process.
It is time for Nigerians to shift their focus from lamenting to taking action towards progress. Nigeria is a country rich in potential and resources, and it is unacceptable for us to continue to be held back by the current state of affairs. Rather than dwelling on past mistakes, we must come together to reflect on our challenges and take decisive steps towards rebuilding a better future.
Furthermore, it is essential to understand the importance of June 12 in relation to leadership and utilise these lessons to accomplish our goals. One key takeaway is the role of the Independent National Electoral Commission (INEC) in ensuring fair and unbiased elections. INEC must view this responsibility as both a duty to the nation and a moral imperative.
Another valuable takeaway is that politicians must view their political positions as a service to the nation rather than a means for their advancement. It is critical for political participation to be approached with ethical and moral principles at the forefront, as it holds essential societal value.
June 12 serves as a reminder of the vital role leadership plays in making tough decisions that may not always align with personal beliefs. It highlights the need for courage and the ability to prioritise the greater good over personal interests. This lesson is particularly relevant for Nigeria’s current government and its officials, who must engage with the public and make decisions that benefit the country.
The lessons of June 12 are a reminder for all Nigerians, especially lawmakers, who have the duty to protect democracy. Unfortunately, there has been a departure from the core principles of democracy in Nigeria, with disrespect for the rule of law and judicial processes, blatant impunity, and a disregard for human rights and dignity. We must reflect on these lessons and work towards upholding democracy and the values it stands for.
Political leaders and public service managers have to provide the necessary tools for our lawmakers to rejuvenate democratic practices. Legislators need to be intellectually, emotionally, psychologically, and physically prepared to succeed. They should demonstrate a strong understanding of democratic principles and values, a willingness to engage with constituents, and an openness to different perspectives to advance democracy.
We cannot overstate the importance of June 12, as it reveals the link between Nigeria’s present social, economic, and political challenges and the corrupt ruling class, as well as the indifferent middle class. As we commemorate Democracy Day today, we must empower ourselves to not only recognise but also utilise our power to decide and mold our future.
Nigerians should ensure that political aspirants go through genuine democratic processes to exercise their freedom. Citizens must be educated on their civic responsibility and mentor youths towards social engagement. The people should also hold local government administrators accountable for the purpose of implementing result-driven policies.
All must adopt an active role in government at all levels. Community leaders and young people can collaborate to organise peaceful protests, petitions, and marches when infrastructure is not up to par. Obtaining a voter card and participating in elections is required to prevent corrupt political figures from forcing unqualified candidates into office.
Civil society played a vital role in the struggle for rights during the military dictatorship, and their achievements should inspire us today. It is essential for the current generation to take up the mantle and strive for justice and equality. The media must act as a watchdog against tyranny and protect the public interest.
Youth are often the most let down group in society, and it is time to act. The #EndSARS protests demonstrated the determination, articulateness, and composure of young activists. Quitting is not an alternative – they must step up and take charge. They should draw inspiration from the courageous youth in South Korea, Taiwan, and Hong Kong, who continued their fight despite facing harsh repression from their governments.
There is a need for Nigerians to assert their rights and sovereignty through all legal means possible. Neglecting to do so will lead to a deterioration of the current situation and the eventual downfall of the state. We must uphold the ideals of June 12 as a representation of our democratic hopes and utilise it as a unifying factor for genuine national unity.

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Editorial

Fubara’s Scorecard: So Far, So Good 

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One of the primary issues that the federal and state governments have been facing recently is the increasing cost of living, mainly caused by the depreciation of the naira. This has resulted in financial difficulties for many Nigerians, leading to demands for the leaders to seek out new sources of revenue apart from oil. They need to be creative and adopt tactics that can enhance their revenue sources and ease the financial strain on their people.
However, the past year in Rivers State had been a whirlwind of events, with the government working diligently to bring happiness to the people. Governor Siminalayi Joseph Fubara has addressed numerous challenges despite the ongoing political crisis that presents a huge obstacle for the administration. This situation is worrisome and has the potential to shift any leader’s focus away from their goal of serving the people, no matter how well-intentioned.
Fubara believes that development is not just a matter of chance, but a conscious effort to address the needs of the people. Over the past year, he has initiated numerous development projects with the goal of enhancing the quality of life for residents. Since taking office on May 29, 2023, he has been proactive in realising his vision for the state. He is ensuring that his plans are carried out efficiently by appointing capable individuals to key positions.
His determination to bring his vision to life was clear when he presented a bill to the Rivers State House of Assembly for approval of his legacy project – the Port Harcourt Ring Road. The 50.15 km dual carriageway project, estimated to cost N200 billion, aims to connect six local government areas in the state. It will feature six flyovers, a river crossing bridge, and 19 rotary intersections and roundabouts, with the goal of fostering the development of new cities and easing traffic congestion in Port Harcourt and Obio/Akpor Local Government Areas.
To celebrate his first year in office, the Rivers State Government set aside 20 days for a series of activities. The Governor inaugurated and launched 10 projects in various local government areas as part of the festivities. The event kicked off on May 14th with the inauguration of the Ebubu-Eteo (old Bori) Road, providing an alternative route to the Eleme axis of the East-West Road.
Several projects have been officially launched in Rivers State, including the Elele–Omoku Road, Emohua–Kalabari (Tema Junction) Road, Okania–Ogbogoro Road, and Trans-Kalabari Road Phase II. Projects that have been commissioned include the Ogoni–Andoni–Opobo Unity Road (Andoni Section), Egbeda internal roads, Phase I of the Port Harcourt Electrical Village and the flag-off of its Phase II, as well as the dualised Omoku–Egbema Road. These projects are focused on enhancing infrastructure and connectivity in the state, offering improved transportation options for residents and driving economic development.
An economic summit was organised in the state to boost internal revenue, attract investors, and create employment opportunities for the youth. Beyond improving infrastructure, there is a focus on revitalising the civil service, and hiring 10,000 new employees. The government has allocated N4 billion to support businesses in the nano sector and small and medium enterprises, providing funding ranging from N400,000 to N10 million each. This initiative is being carried out through the Rivers State Micro Finance Agency and Nigeria’s Bank of Industry for technical support.
Another vital achievement that sets His Excellency Fubara apart is the astronomical increase in the monthly Internally Generated Revenue (IGR) of the state since May 29, 2023. The administration has successfully raised the IGR from N12 billion to N27 billion monthly, representing an increase of over 100 per cent. This impressive growth trajectory suggests that the annual IGR is on track to reach N324 billion.
Before His Excellency, Sir Fubara, assumed office as governor in May 2023, the annual IGR of Rivers State in 2022 was N172.8 billion, with an average monthly IGR of N14.4 billion, as reported by Nigeria’s National Bureau of Statistics (NBS). In 2021, the state’s annual IGR was N123.3 billion, averaging N10.3 billion per month. The IGR was N117.2 billion in 2020 and N169.6 billion in 2019.
Notwithstanding the numerous challenges, the Governor has made considerable progress in education by implementing innovative measures in schools and providing a new convocation arena for the University of Port Harcourt. He has also shown commitment to the welfare of the people by providing free buses to offset the effects of fuel subsidy removal.
Local government employees have received their promotions, minimum wage, and wage bonuses. Fubara’s timely visit to the state secretariat complex underscores his dedication to public service as a crucial element in government operations. The complex, currently undergoing renovations, now boasts functional elevators, lighting, and water supply. Despite the huge debts left by the last administration, the Governor has assured that he would complete all projects that benefit the people, which were initiated by previous administrations.
The accomplishments achieved by the present government in just one year of rule are unparalleled. The rapid progress in infrastructure development within such a short period is a clear indication of his capability, despite various attempts to derail his efforts. Fubara recently informed Rivers people that true governance only commenced three months ago, when he decided to confront his predecessor’s challenges head-on.
Undoubtedly, the Governor’s leadership embodies qualities such as patience, wisdom and a commitment to peace, essential for conflict resolution and unity in Rivers. Under his guidance, there is hope for a future, marked by progress and prosperity, devoid of discord and division. As we mark this critical milestone, we implore all to prioritise peace, forgiveness and inclusiveness.

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Editorial

Fubara’s Scorecard: So Far, So Good 

Published

on

One of the primary issues that the federal and state governments have been facing recently is the increasing cost of living, mainly caused by the depreciation of the naira. This has resulted in financial difficulties for many Nigerians, leading to demands for the leaders to seek out new sources of revenue apart from oil. They need to be creative and adopt tactics that can enhance their revenue sources and ease the financial strain on their people.
However, the past year in Rivers State had been a whirlwind of events, with the government working diligently to bring happiness to the people. Governor Siminalayi Joseph Fubara has addressed numerous challenges despite the ongoing political crisis that presents a huge obstacle for the administration. This situation is worrisome and has the potential to shift any leader’s focus away from their goal of serving the people, no matter how well-intentioned.
Fubara believes that development is not just a matter of chance, but a conscious effort to address the needs of the people. Over the past year, he has initiated numerous development projects with the goal of enhancing the quality of life for residents. Since taking office on May 29, 2023, he has been proactive in realising his vision for the state. He is ensuring that his plans are carried out efficiently by appointing capable individuals to key positions.
His determination to bring his vision to life was clear when he presented a bill to the Rivers State House of Assembly for approval of his legacy project – the Port Harcourt Ring Road. The 50.15 km dual carriageway project, estimated to cost N200 billion, aims to connect six local government areas in the state. It will feature six flyovers, a river crossing bridge, and 19 rotary intersections and roundabouts, with the goal of fostering the development of new cities and easing traffic congestion in Port Harcourt and Obio/Akpor Local Government Areas.
To celebrate his first year in office, the Rivers State Government set aside 20 days for a series of activities. The Governor inaugurated and launched 10 projects in various local government areas as part of the festivities. The event kicked off on May 14th with the inauguration of the Ebubu-Eteo (old Bori) Road, providing an alternative route to the Eleme axis of the East-West Road.
Several projects have been officially launched in Rivers State, including the Elele–Omoku Road, Emohua–Kalabari (Tema Junction) Road, Okania–Ogbogoro Road, and Trans-Kalabari Road Phase II. Projects that have been commissioned include the Ogoni–Andoni–Opobo Unity Road (Andoni Section), Egbeda internal roads, Phase I of the Port Harcourt Electrical Village and the flag-off of its Phase II, as well as the dualised Omoku–Egbema Road. These projects are focused on enhancing infrastructure and connectivity in the state, offering improved transportation options for residents and driving economic development.
An economic summit was organised in the state to boost internal revenue, attract investors, and create employment opportunities for the youth. Beyond improving infrastructure, there is a focus on revitalising the civil service, and hiring 10,000 new employees. The government has allocated N4 billion to support businesses in the nano sector and small and medium enterprises, providing funding ranging from N400,000 to N10 million each. This initiative is being carried out through the Rivers State Micro Finance Agency and Nigeria’s Bank of Industry for technical support.
Another vital achievement that sets His Excellency Fubara apart is the astronomical increase in the monthly Internally Generated Revenue (IGR) of the state since May 29, 2023. The administration has successfully raised the IGR from N12 billion to N27 billion monthly, representing an increase of over 100 per cent. This impressive growth trajectory suggests that the annual IGR is on track to reach N324 billion.
Before His Excellency, Sir Fubara, assumed office as governor in May 2023, the annual IGR of Rivers State in 2022 was N172.8 billion, with an average monthly IGR of N14.4 billion, as reported by Nigeria’s National Bureau of Statistics (NBS). In 2021, the state’s annual IGR was N123.3 billion, averaging N10.3 billion per month. The IGR was N117.2 billion in 2020 and N169.6 billion in 2019.
Notwithstanding the numerous challenges, the Governor has made considerable progress in education by implementing innovative measures in schools and providing a new convocation arena for the University of Port Harcourt. He has also shown commitment to the welfare of the people by providing free buses to offset the effects of fuel subsidy removal.
Local government employees have received their promotions, minimum wage, and wage bonuses. Fubara’s timely visit to the state secretariat complex underscores his dedication to public service as a crucial element in government operations. The complex, currently undergoing renovations, now boasts functional elevators, lighting, and water supply. Despite the huge debts left by the last administration, the Governor has assured that he would complete all projects that benefit the people, which were initiated by previous administrations.
The accomplishments achieved by the present government in just one year of rule are unparalleled. The rapid progress in infrastructure development within such a short period is a clear indication of his capability, despite various attempts to derail his efforts. Fubara recently informed Rivers people that true governance only commenced three months ago, when he decided to confront his predecessor’s challenges head-on.
Undoubtedly, the Governor’s leadership embodies qualities such as patience, wisdom and a commitment to peace, essential for conflict resolution and unity in Rivers. Under his guidance, there is hope for a future, marked by progress and prosperity, devoid of discord and division. As we mark this critical milestone, we implore all to prioritise peace, forgiveness and inclusiveness.

Continue Reading

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