News
NNPC Identifies Gas As Transition Fuel
The Federal Government has said that it was focusing on exploitation of gas to close the gap that can be created by less use of petrol, diesel and other fossil fuels, following the gradual exit from fossil fuels.
The Chairman, Board of the Nigerian National Petroleum Company Ltd. (NNPC), Mrs Margrey Chuba-Okadigbo, stated this in her remarks at the ongoing Offshore Technology Conference (OTC) in Houston, Texas in United States, last Wednesday.
The conference was anchored by the Petroleum Technology Association of Nigeria (PETAN), the umbrella body of all the indigenous oil services companies in Nigeria.
According to Chuba-Okadigbo, gas as a transition fuel would not only bridge the energy gap to be created by exit of fossil fuels, but enhance economic development.
A statement by PETAN made available to The Tide in Port Harcourt, quoted Chuba-Okadigbo as saying that the conference would arm the Nigerian team with the requisite knowledge and latest technology.
This, she said, would help to tackle energy issues as the energy industry players face increasing need for clarification of the implications of energy transition on their operations and business models.
The NNPC board chairman said that the conference was also to explain the contributions needed to reduce greenhouse gas emissions and to achieve the goals and commitment of Paris Accord and the COP 26.
She said that the increasing social and environmental pressures on many energy companies raise complex questions about the role of oil and gas in a changing energy economy and the positions of those companies in the various societies where they operate.
To her, as the world moves to substitute fossil fuel with other forms of cleaner energies, Nigeria is still faced with numerous challenges in ensuring energy security, deepening domestic gas utilisation and maximising revenues derivable from hydrocarbon resources.
According to her, as world and business leaders join in the global solidarity against climate change and reduction of carbon emissions, NNPC Ltd., is taking giant strides in lowering her carbon footprints, sustaining energy security and driving prosperity in Nigeria.
She said: “We believe that achieving and sustaining a carbon neutral economy requires inclusive policy actions that guarantee access to finance and low carbon technology.
“Recently, Nigerian witnessed the enactment of the Petroleum Industry Act (PIA) 2012, which guarantees a reasonable return on investments; promotes business and operational transparency, and proffers better fiscal regimes than it was in the past.
“In effect, this Act provides the legal framework and guarantees investors’ confidence.
“Therefore, it is expected that much more significant change in overall capital allocation would be required to accelerate energy transition, especially in getting some key capital intensives, clean energy technologies to reach maturity.”
Earlier in his remarks, Chairman of PETAN, Mr Nicholas Odinuwe, said the theme of the workshop: “Energy transition and the future of Africa”, underscores the fact that Africa is said to the last energy frontier and global hub as there is a global energy revolution and the quest for alternative and cleaner sources of energy.
However, he said, developing countries were keeping an open mind in the choices of their energy mix as they take cognisance of what best works for their heterogeneous populations.
According to him, “energy access is critical, so is funding, and so to fulfill the needs of the industry and secure future investment and energy security in Africa, emphasis should be on collaboration, entrepreneurship, innovation and funding”.
He reminded the gathering that many African countries, companies, and individuals had made huge investments in the energy sector and the economy of many African countries depends largely on stakeholders.
“It is expedient that the region begins to examine those critical issues and proffer solutions on how to properly position the sector for maximum economic transformation.”
Also speaking, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, stressed that African countries must leverage on the robust platform and opportunities presented by African Continental Free Trade Area (AfCFTA) agreement, which according to him, was key to drive home the Local Content narrative to achieve sustainable growth and development in Africa.
While commending the foresight of the league of African leaders that adopted the AfCFTA agreement in 2012, he noted that the AfCFTA has become an enabler for deepening African Local Content practice beyond national borders to enable project delivery and development of natural resources.
Speaking on the theme: ‘Cross-Border Service Integration As Enabler Of Project Delivery In The African Oil And Gas Industry’, the NCDMB boss noted that the AfCFTA is “Africa’s move to harmonize it’s markets for economic integration across all 55 member states with the objective of tapping into the Gross Domestic Product of over $3trillion.”
He noted that with the official commencement of AfCFTA, and the focus on addressing some of Africa’s “teething” problems, the prospect of opportunities among African businesses is gathering momentum, thus, Africa must not be left behind in developing its own response to the prevailing challenges.
Wabote commended the Petroleum Technology Association of Nigeria (PETAN) and other key stakeholders for bringing together participants to this year’s OTC to have a robust strategy session on African Local Content, “especially against the backdrop of the ongoing energy transition narrative and the shifting dynamics of the security of energy supply across the globe.”
“From Kenya to Malawi, from Uganda to Nigeria, and all over the continent, I have always seen AfCFTA as the practice of local content at the continental level,” he added.
During his presentation, Wabote made it clear that to drive Local Content in the Oil and Gas industry, and any other sector, six key parameters must be looked at.
He listed them as: “Regulatory Framework, Gap Analysis, Capacity Building, Funding and Incentives, Research and Development, and Access to Market.
“A law or decree, depending on the political arrangement in a country, sets the framework and boundaries for all local content practitioners.”
This, he said, is “better than directives, or policies that are enshrined with the pretext of pushing the boundaries of local content.”
He further noted that in Nigeria, the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, ensures the compliance of local content requirements.
He informed the audience that to this effect, the NOGICD Act established the NCDMB as the sole agency for Local Content implementation in the oil and gas industry, adding that the newly passed Petroleum Industry Act (PIA), further re-enforces the practice of Local Content in the industry.
Wabote told the gathering that the NCDMB has now moved Local Content in Nigeria to 42percent from the less than 5percent that it was before the enactment of the Local Content Act in 2010.
He, therefore, urged African nations and businesses to take advantage of the opportunities and platform provided the AfCFTA.
“Why can’t we take advantage of the opportunities within Africa? I can tell you that it comes cheaper easier and can be delivered expeditiously. It is my sincere hope that our sister countries take full advantage of this rather than going over to Houston, across the Atlantic or the Pacific in search of capacity development.”
Wabote added that Angola has enacted an Act of Local Content, taking a cue from the success story of Nigeria’s Local Content drive.
Key players of the oil and gas industry who gathered at the conference included: Chairman, NNPC Board,Sen. Margaret Okadigbo; Managing Director, Chevron,Richard Kennedy; PETAN Chairman,Nicholas Odinuwe; Chairman of Platform Petroleum Limited, High Chief Dumo Lulu-Briggs; and other top captains of industry in Nigeria and Africa.
By: Nelson Chukwudi
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
News
Tinubu Nominates Ex-INEC Chair Yakubu, Fani-Kayode, Omokri, 29 Others As Ambassadors
President Bola Tinubu has sent the names of 32 ambassadorial nominees to the Senate for confirmation, days after he sent the first batch of three names.
Among them are the immediate past chairman of the Independent National Electoral Commission, Mahmud Yakubu, an aide to former President Goodluck Jonathan, Reno Omokri (Delta), and former Enugu State Governor, Ifeanyi Ugwuanyi, among others.
“In two separate letters to the Senate President, Godswill Akpabio, President Tinubu asked the Senate to consider and confirm expeditiously 15 nominees as career ambassadors and 17 nominees as non-career ambassadors,” read a statement on Saturday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.
In the statement titled, ‘Tinubu nominates 32 additional ambassadors,’ Onanuga noted, “There are four women on the career ambassadors’ list and six women on the non-career ambassadors’ list.”
“Among the non-career ambassador designates are Ogbonnaya Kalu from Abia, a former presidential aide, Reno Omokri (Delta), former chairman of the Independent National Electoral Commission (INEC), Mahmud Yakubu, former Ekiti first lady, Erelu Adebayo, and former Enugu governor, Ifeanyi Ugwuanyi.
“Others are Tasiu Musa Maigari, the former speaker of the Katsina House of Assembly, Yakubu N. Gambo, a former Commissioner in Plateau State and former Deputy Executive Secretary of the Universal Basic Education Commission.
“Professor Nora Ladi Daduut, a former senator from Plateau; Otunba Femi Pedro, a former Deputy Governor of Lagos State; Femi Fani-Kayode, a former aviation minister from Osun State; and Nkechi Ufochukwu from Anambra State are on the nomination list,” the statement read.
Also on the list are former First Lady of Oyo, Fatima Florence Ajimobi, former Lagos Commissioner, Lola Akande, former Adamawa Senator, Grace Bent, former governor of Abia, Victor Okezie Ikpeazu, Senator Jimoh Ibrahim, businessman, lawyer and Senator from Ondo State, and the former ambassador of Nigeria to the Holy See, Ambassador Paul Oga Adikwu from Benue State.
Among the nominees for career ambassador and high commissioner-designates are: Enebechi Monica Okwuchukwu (Abia), Yakubu Nyaku Danladi (Taraba), Miamuna Ibrahim Besto (Adamawa), Musa Musa Abubakar (Kebbi), Syndoph Paebi Endoni (Bayelsa), Chima Geoffrey Lioma David (Ebonyi) and Mopelola Adeola-Ibrahim (Ogun).
The other nominees are Abimbola Samuel Reuben (Ondo), Yvonne Ehinosen Odumah(Edo), Hamza Mohammed Salau (Niger), Ambassador Shehu Barde (Katsina), Ambassador Ahmed Mohammed Monguno (Borno), Ambassador Muhammad Saidu Dahiru (Kaduna), Ambassador Olatunji Ahmed Sulu Gambari (Kwara) and Ambassador Wahab Adekola Akande (Osun).
“The new nominees are expected to be posted to countries with which Nigeria maintains excellent and strategic bilateral relations, such as China, India, South Korea, Canada, Mexico, the United Arab Emirates, Qatar, South Africa, Kenya, and to Permanent Missions such as the United Nations, UNESCO, and the African Union.
“All the nominees will know their diplomatic assignments after their confirmation by the Senate,” it read.
Last week, Tinubu sent three ambassadorial nominees for screening and confirmation.
The nominees were Ambassador Ayodele Oke (Oyo), Ambassador Amin Mohammed Dalhatu (Jigawa), and Retired Colonel Lateef Kayode Are (Ogun).
All three are in the pot for posting to the UK, USA, or France after their confirmation.
“More nominees for ambassadorial positions will be announced soon,” Onanuga revealed.
News
Investment In Education Remains Top Priority For Gov Fubara – SSG
The Secretary to Rivers State Government, Dr. Benibo Anabraba, has reiterated that the administration of Governor Siminalayi Fubara remains committed to improving access to quality education at all levels.
Dr. Anabraba gave the assurance while receiving the Deputy Registrar/Zonal Coordinator of the West African Examinations Council (WAEC), Mr Ayanfemi Adeniran-Amusan in Port Harcourt during a courtesy visit.
He emphasised that Governor Fubara remains resolute in sustaining investment in the education sector to improve the quality of teaching and learning.
According to him, “We appreciate the work you are doing and know that our students are amongst the highest in ranking.
“His Excellency, Sir Siminalayi Fubara, takes education very seriously. He is sponsoring the free registration of students for the West African Senior School Certificate Examination (WASSCE) in Government Schools.
“Also, Governor Fubara has approved the establishment of Computer-Based Test (CBT) Centres across the State’s three senatorial districts and the 23 LGAs. The project is intended to improve access to digital learning and examination facilities for students so that our children are at breast with digital literacy, a prerequisite for today’s students.
“We are currently working assiduously to get those centres, both mega and mini, across the three senatorial districts and the 23 local government ready in order to meet up with your deadline,” he said.
The SSG also conveyed the assurances of the Governor to WAEC on Government’s willingness in providing land for its Zonal Office.
Earlier, the Deputy Registrar/Zonal Coordinator of the West African Examination Council, Mr Ayanfemi Adeniran-Amusan, promised to collaborate with the State Government in matters concerning education development.
In another development, the Secretary to State Government, Dr Benibo Anabraba, also met with officials of the National Agency for the Prohibition of Trafficking in Persons, NAPTIP, led by the Assistant Director of Intelligence, Rivers State Command, Barr. Ikediashi Nwamaka.
The SSG while appreciating the Agency for its effort in the protection of vulnerable persons, also raised Government’s concern on the activities of orphanages and care homes in unwholesome practices such as child trafficking, abuse of underaged girls also known as baby-factory, and the lack of regulations on surrogacy.
He however assured that the Rivers State Government has already put plans in place towards legislation to regulate these acts against vulnerable persons, particularly women and children.
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