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
Publish Details Of Parties’ Financial Transactions, SERAP Tasks INEC
Socio-Economic Rights and Accountability Project (SERAP) has asked the Chairman of the Independent National Electoral Commission (INEC), Prof Mahmood Yakubu, to publish the reports of parties’ accounts and balance sheets.
The body also wants details of the guidelines and steps being taken to prevent vote buying in the forthcoming elections and to prosecute vote buyers and other electoral offenders.
In a letter, yesterday, SERAP Deputy Director, Kolawole Oluwadare, noted that citizens have the right to know about the accounts and financial transactions of parties.
He said transparency and accountability would curb the influence of money in politics, promote a level playing field, and remove the risks to the independence of political actors and would-be public office holders.
The organisation insisted it is both immoral and illegal to pay citizens to vote for a particular political party or standard-bearer.
“Unpunished cases of vote buying would continue to undermine good governance, the rule of law, moral values, as well as hinder citizens’ participation in elections”, it said.
SERAP told INEC that when candidates buy votes, there are possibilities that they will disregard for democratic rules.
“Vote buying and related electoral offences encourage poor governance and weaken citizens’ capacity to hold their elected officials accountable for their actions.”
SERAP charged the electoral umpire to collaborate with anti-corruption agencies to ensure the effective prosecution of any outstanding cases of vote buying and related electoral offences.
The letter urged INEC to act within 14 days or face legal actions that would compel it to comply with the request.
RSG Recommits To Engaging Youth Positively
The Rivers State Government has said it was committed to engaging youths positively and empowering them.
The State Chief Executive, Chief Nyesom Wike, stated this during the opening ceremony of the Uplifting African Youth Through Basketball Programme in Port Harcourt, last Friday.
Represented by his Deputy, Dr. Ipalibo Harry Banigo, Wike said the issues of youths and young adults were very important to his administration, while expressing delight that youths were being built up with critical life skills in sports, communication, and entrepreneurial leadership skills needed for Rivers State, Nigeria, and Africa.
“This administration is very interested in youth engagements, we want to make sure that our youths are very inclusive, participate, play their roles, and be well mentored and well-motivated to be able to fulfill all of their potentials in life, educationally, in sports, morally and so we are here to support”, the governor stressed.
The governor expressed gratitude to the leader of the Organised Basketball Network (OBN) and his team, for their efforts and the support of the US Consulate, while urging them to visit the Real Madrid Football Academy in Port Harcourt, to appreciate the efforts of the state government in the area of youth engagement.
The youth friendly governor, said “I want to encourage our youths that as you walk together in the next two days, you would learn how to be tolerant with one another and to know that gender based violence is totally not acceptable and that it is inhumane, I know it is just two days, but a lot can be achieved that can be life time impactful”.
In her remarks, the United States Consulate’s Deputy Public Affairs Officer, Jennifer Foltz said the United States and Nigeria have very special and close relationship, adding that the Consulate feels this was the right time to do a sports programme.
“Sports diplomacy is part of what we do, it is part of some ways we build stronger relationships between our two countries, sports brings people together, and even if you do not speak the same language you can still play sports together”, Foltz stressed.
Earlier, the leader of the Organised Basketball Network, Obinna Ekezie said OBN was a platform founded for the development of grassroots basketball in Nigeria and Africa with a mission to develop the next generation of world-class African student athletes and consistently create opportunities to help them advance their careers overseas, through basketball scholarship.
He said the project uplifting African youths was a project to provide inclusion and opportunities for under privileged talented African youths to learn important life skills through basketball.
PDP Assembly, Reps Candidates Emerge In Rivers
Candidates for the House of Representatives and House of Assembly have emerged following the conduct of primaries by the Peoples Democratic Party (PDP) in Rivers State, yesterday.
According to the official results, Solomon Bob emerged the party’s candidate for Abua/Odual/Ahoada East Federal Constituency while Victor Obuzor emerged the candidate for Ahoada West/Ogba/Egbema Federal Constituency.
Also, Awaji Inombek Abiante won the ticket for Andoni/Opobo Federal Constituency, just as Boma Goodhead returned elected for the Asari-Toru/Akuku-Toru Federal Constituency while Cyril Godwin Hart won Degema/Bonny Federal Constituency ticket.
The results further show that Felix Nwaeke emerged the candidate of the PDP for Eleme/Tai/Oyigbo Federal Constituency, with Boniface Emerengwa emerging winner for Ikwerre/Emohua Federal Constituency.
In the same vein, Kelechi Nwogu cruised to victory as the candidate for Etche/Omuma Federal Constituency while Dumnamene Dekor won Khana/Gokana Federal Constituency ticket.
Similarly, Kingsley Ogundu Chinda emerged the House of Representatives candidate for Obio/Akpor Federal Constituency, while Alabo Victor Tamunomiekaye won Okrika/Ogu/Bolo Federal Constituency ticket.
Chima Boms won Port Harcourt Federal Constituency 2 while Barrister Blessing Amadi is the winner of the primary election for Port HarcourtFederal Constituency 1.
For the Rivers State House of Assembly primary, Hon Dominic Iderima picked the ticket for Abua/Odual, Mrs Queen Williams picked the ticket for Ahoada East 1,Rt Hon Ehe Edison emerged the candidate for Ahoada East 2, while Hon Sokari Goodboy Sokari cruised to victory for Ahoada West.
Hon Major Jack won the ticket for Akuku-Toru 1, Hon Opuende Lolo Isaiah is the candidate for Akuku-Toru 2, Hon Ofiks Kabangs Christopher grabbed the ticket to represent Andoni, whileHon Tekena Wellington Granville got the ticket for Asari-Toru 1.
Also, a serving member, Enemi Alabo George easily won the ticket for Asari-Toru 2, just as Hon Victor Oko Jumbo got the nod to represent Bonny, while Hon Abbey Peter emerged the candidate for Degema.
Hon Igwe Obey Aforji emerged the PDP candidate for Eleme, Emohua will be represented by Mrs Justina Emeji, Hon Onwuka Ignatiuswon the ticket to represent Etche 1, while Hon Chimezie Nwankwor is the candidate for Etche 2.
The present member representing Gokana, Hon Dumle Maol, will retain his ticket for the seat, Prince Lemchi Nyeche emerged the candidate for Ikwerre 1, Mrs Barile Nwakoh won the ticket for Khana1, while Barrister Dinebari Loolo got the ticket for Khana 2.
In Obio/Akpor1, Hon Amaewhule Martin Chike was returned, just as Mrs Emilia Lucky Amadi emerged the candidate for Obio/Akpor 2, and Frankline Nwabochi will fly PDP flag for Ogba/Egbema/Ndoni1.
In the same token, Mrs Nkemuika Ezekwe will fight for Ogba/Egbema/Ndoni2 seat on the platform of the PDP, Davids Arnold Okobiriari won the ticket for Ogu/Bolo, a serving member, Somiari Steward Linda will return in Okrika, while Nwankwo Sylvanus emerged for Omuma seat.
Orubienimigha Adolphus grabbed the ticket for Opobo/Nkoro,Hon Gerald Oforji emerged for Oyigbo, Solomon Wami won the ticket for Port Harcourt1,Hon Tonye Smart Adoki will return for Port Harcourt2, Hon Azeru Opara emerged for Port Harcourt3, and Ngbar Bernard Baridamue won the ticket for Tai.
By: Nelson Chukwudi & Reward Akwu
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