News
NNPC Allays Fear Over Fuel Scarcity
The Nigerian National Petroleum Corporation (NNPC) has allayed fears of any hitch in petroleum products supply following reports of resurgence of queues in some parts of the country.
The Group Managing Director, NNPC, Malam Mele Kyari, gave the assurance while speaking at the Association of Energy Correspondents of Nigeria (NAEC) 2021 Strategic International Conference, yesterday, in Lagos.
The conference had as its theme: ‘Petroleum Industry Act: Energy Transition and the Future of Nigeria’s Oil and Gas.’
Kyari said NNPC’s objective was to provide energy security for Nigeria and ensure availability of petroleum products in the country.
He said: “As we speak now, there is speculation of fuel scarcity within the media but we have over 1.7billion litres of Premium Motor Spirit in the country.
“We have another 2.3billion litres coming in so there is no shortage in supply as being speculated.
“Of course there are issues about pricing at some depots but government has no plan to revise the pricing structure.”
Kyari said the ongoing United Nations Climate Change Conference (COP26) in Glasgow, Scotland, again highlighted the challenges faced by Nigeria and other African countries in the global energy transition.
He said President Muhammadu Buhari, in his speech before the world leaders, had demanded for energy justice for the continent and the need to exploit the available resources as a pathway to attain the net-zero carbon objectives by 2050.
The NNPC boss noted that though Africa accounted for only about three per cent of the global carbon emission, the continent still had the responsibility to join the world in combating climate change.
According to him, Nigeria has identified its abundant gas resources as its fuel for energy transition, which informed the declaration of the Year 2021 to Year 2030 as the Decade of Gas by the government.
Kyari said: “We are making good progress in terms of the implementation of the PIA which is clearly creating the path for transition.
“There is no way we can achieve this feat without adequate infrastructure to transport the resources to where it will be used and that is why we are investing in massive gas infrastructure.”
He said the projects included the Obiafu-Obrikom-Oben (OB3) and the Ajaokuta-Kaduna-Kano pipelines, which would deepen gas utilization in the country.
Also, Executive Secretary, NCDMB, Mr Simbi Wabote, said the passage of the PIA had opened a vista of opportunities for the industry.
Wabote, represented by the Director, Monitoring and Evaluation, NCDMB, Mr Tunde Adelana, said the implementation would impact positively on local content development and host communities.
He added that it would also stimulate the much-needed investment to the oil and gas industry.
Earlier in his address, Chairman, NAEC, Mr Olu Phillips, said statistics showed that more than 100,000 people died annually in Nigeria as a result of indoor inhalation of waste gases.
Phillips said this informed the global energy transition, adding that the Nigerian government was responding with the focus on optimal utilisation of the country’s gas resources.
News
198 UNIBEN Students Bag First Class
News
Bayelsa Education Fund, British Council trains tra 1,000 teachers
News
RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
-
News5 days agoRSG Woos Investors As PHCCIMA Unveils Port Harcourt Int’l Trade Fair
-
Sports3 days agoBarca Impress On Return To Camp Nou
-
Sports3 days agoSunderland Fall At Fulham
-
Sports3 days agoBundesliga: Oliseh Stars As Bayern Rebound To Thrash Freiburg
-
Sports3 days agoForest Embarrass Liverpool At Anfield
-
Niger Delta3 days agoTraditional Ruler Seeks End To Benin Artifacts Unauthorized Promotion
-
Sports4 days agoOgoni Nation Cup: Victory Against Amee Base Excites Coach
-
Maritime3 days agoNSC Decries Police Interferences With Cargoes At Seaports
