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NNPC Identifies Gas As Transition Fuel

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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

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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