Nation
Firm Inaugurates 100-Tonne LPG Plant In Katsina
A 100-tonne Liquefied Petroleum Gas (LPG) plant constructed by the Buterny Energy Company was inaugurated on Saturday in Katsina.
The Minister of State for Petroleum Resources, Mr Timipre Sylvia, during the launch said the plant was coming at the time several projects that would address gas availability, accessibility and affordability in the country were being put in place.
Sylvia, represented by the Permanent Secretary in the ministry, Dr. Sani Gwarzo, added that the pricing of gas was currently a major threat to the availability and affordability of the fuel in Nigeria.
“The Federal Government was leveraging the gas pricing framework and the Central Bank of Nigeria (CBN) gas development fund to create an appropriate funding model to support off-take of the gas, especially among vulnerable groups.
“I cannot complete this speech without touching on pricing which is a major threat to gas affordability and gas penetration.
“It is, therefore, expected that the economy of Katsina State and indeed the North-West and the whole of Nigeria will benefit from socio-economic spin ups associated with the gas value chain,” he said.
The minister added that smaller countries with less gas reserves than Nigeria such as Kuwait have higher per capita consumption of gas due to their investment in gas infrastructure.
He urged Butane Energy to make their plant a role model of LPG depots by deploying technology to drive market penetration, creation of financial instruments to incentivize off-take of its bottled gas.
“And also investment in human capital development to attract and retain a resilient workforce and operation in a globally acceptable and responsible manner,” he said.
Butane Energy Chair, Alhaji Isah Inuwa, said the aspiration of the company under the first phase of investment programme was to have five plants in the Northern Nigeria.
“Kano will have 180 metric tons, in Bauchi, 120 metric tons, in Abuja, 180 metric tons and in Kaduna, 180 metric tons.
“Today, we have finished the designs of Kaduna and Bauchi plants and by God’s grace, we are going through the contracting processes between December and January, and it is our hope that before the end of January, construction work will start.
“By April, we will start Kano and Bauchi plants with a combined tonnage of 360.
“Our expectation is that by September 2022, we will have completed five plants with a total capacity of 820 metric tons and we will have the capacity to process 9,200 12.5kg cylinders per eight hour shift per day.
“We would have invested nearly N3 billion by the end of the first phase of our development programme. We expect annual gross revenue of these five plants to be more than N20 billion.”
Nation
Rivers Deputy Governor Hails PH City One Love For Humanitarian Gesture
Rivers state Deputy Governor Professor Ngozi Nma Odu has commended “The Port Harcourt City One Love,”a Port Harcourt based humanitarian orgnisation For it’s commitment towards alleviating the sufferings of the poor and vulnerable in the society.
Professor Ngozi Nma Odu said this while speaking at this year’s edition of “operation feed the needy” a yearly outreach program of “The Port Harcourt City One Love ” in Port Harcourt.
The Deputy Governor said by feeding more than sixty thousands hungry people within the past six years, the Port Harcourt City One Love Movement has distinguished itself as a club that cares for the less privilege in the society.
She commended the , organization for listing eleven thousand persons to be fed in the current exercise.
Meanwhile The Port Harcourt City One Love has planned a permanent solution to the problem of feeding the poor in the state.
The leader of the group Mr Idaere Gogo Ogan who said this in an interview with newsmen during the distribution of food items to the poor and vulnerables in Port Harcourt said the organization is planning a permanent food kitchen where poor and vulnerable persons can work in anytime and get fed.
Idaere Gogo Ogan said more than sixty thousands poor and vulnerable persons across Port Harcourt City and environs have been fed since the inception of “The operation feed the needy” program six years ago,adding that so far sixty thousands poor and vulnerable persons have beneffited.
He described the group as a platform to promote friendship, brotherhood, community development empathy and feeding the less privilege and hungry people
“That’s what we are doing today here,so we started the exercise six years ago”.he said.
Ogan said the effort was a private sector driven initiative but added “it also involves people in Government because the platform does not recognize any division,we bring everybody together in unity , friendship and brotherhood”he said.
He said the effort will go along way in alleviating hunger especially following the prevailing hunger in the country.
According to him “you know the country is very tough, people are hungry people are starving, there is a whole lot of economic hardship,so for us, this is just our own way of reaching out, our own social contribution to what is very difficult”he said.
Over eleven thousand persons were fed in the just concluded exercise.
Areas of coverage include, Isaac Boro park, Port Harcourt prison/Macoba, Borokiri/Enugu waterside Bundu areas Waterlines and others.
Some of the beneficiaries including an 80 years old widow commended the movement for the annual programm and urged other organizations to emulate them
John Bibor,/Esuuk Oyet/Suotor Memoye /Jeremiah Hannah
Nation
We’ll Partner Private Sector to Industrialize Rivers State – Fubara …Hints Revitalization of Ahoada, Trans Amadi Industrial layout
Nation
SheVentures Open Zero-interest Loan Applications for Women Entrepreneurs
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively. Women-led enterprises are critical to economic activity, yet they face structural barriers.
“This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs”, Edun said.
Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB), Nnenna Jacob-Ogogo said access to affordable finance remains a major constraint for women entrepreneurs.
-
Featured4 days agoWASSCE: RSG Distributes Science Materials To Secondary Schools
-
News5 days ago
Xenophobic Attacks: Nigerian Lives More Important Than Foreign Investment – Oshiomhole
-
Rivers5 days ago
MBA Forex Trial Adjourn To June 3, Amid Bereavement … As Court Declines Cost Application
-
News5 days ago
ActionAid Demands Probe Of Govs Using Public Funds For Campaign
-
Aviation5 days ago
Passengers Stranded As Delta Airline From Atlanta Route Back Eight Hours After
-
Business5 days ago
Customs Impound N2.35bn Cocaine, 15 Trailers of Rice
-
Politics5 days ago
2027: Bayelsa Senator Gets Critical Endorsement For Second Term
-
Politics5 days agoINEC Sets Rivers South-East Senatorial By-Election For June 20
