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‘$200bn Investments Needed To Access Clean Cooking Gas By 2030’

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With the global energy transition chants reaching a crescendo, the Minister of State, Petroleum Resources, Chief Timipre Sylva, has said that an annual investment of around $25billion in the next eight years could help 2.6billion people globally access clean cooking by 2030.
He also canvassed for $25billion annual investments for electricity so that 759million Africans who currently lack it can enjoy it.
The minister said these at the annual Symposium and Exhibition of the Society of Petroleum Engineers (SPE) in Lagos.
However, the minister stressed that with “approximately 208.62trillion cubic feet (TCF) of proven gas valued at over $803.9trillion and potential upside of 600TCF of gas, the most extensive in Africa, and in the top 10 globally.
“And in line with Federal Government’s declaration of years 2021-2030 as the ‘Decade of Gas’, we are taking steps to expand and develop the nation’s huge gas resources through enhanced gas exploration, development and utilisation schemes which will lead to gas reserves growth, increased gas production, maturation of the domestic and export gas market, as well as gas flare elimination,” he said.
His suggestions drew inspiration from the United Nations Commission for Africa’s (UNECA) report, which highlighted that Africa needs about $40billion worth of investments every year if it is to meet its energy needs.
The minister, while making reference to the United Nations’ Department of Economic and Social Affairs report, noted that everyone in the world could have access to clean, affordable energy within the next nine to 10 years if countries modestly increase investments in the energy sector.
He said: “A major question that is yet to be answered is whether Africa will benefit from an equitable share in this global investment and growth or, will continue to fall further behind global standards as encapsulated in the UN’s 17-SDGs.
“Despite the long-term and required drop in demand for fossil fuels, short-term demand and prices remain robust, providing strong commercial justification for their extraction and a need to smooth the transition”.
Sylva added that the required investment represents only a small fraction of the multi-trillion-dollar global energy investment needed overall.
He noted that despite contributing less than 6percent of world energy consumption and 2percent of total global emissions, there is a need for the continent to shift to cleaner energy use.
With significantly untapped fossil fuel reserves, which could provide much-needed foreign direct investment and export revenue, Sylva said Africa has the ability to play a leading role and should play a leading role in the transition to a net-zero energy future.
According to him, the continent’s enormous resources can be harnessed using clean energy technologies.
Describing the PIA as a game changer, Sylva said the legislation would help support the continent to alleviate energy poverty.
He said: “The PIA has generous incentives to enable development, distribution, penetration, and utilisation of gas even as it incentivises entry into the midstream, especially for pipelines with an additional five-year tax holiday for investment in gas pipelines.
“The PIA is a supply-side enabler, capable of provoking and triggering commercial interests and investments in gas utilisation as well as treating gas as a stand-alone commodity.
“As a nation, we are following a transition pathway that combines technology, investment, business strategies, and government policy that will enable Nigeria to transition from its current energy system to a low-carbon energy system with natural gas playing a pivotal role over the next generation, roughly between now and 2060.
“Natural gas is a key resource for a just energy transition and has all the credentials to support Nigeria, and indeed, Africa meet up with her commitment with the UN 17 Sustainable Development Goals (SDGs).
“As a major source of wealth and energy in Africa, the development of oil and gas resources proves critical for oureconomic growth and revenue expansion,” he added.
The minister insisted that there must be multiple pathways to the energy transition in order to ensure that no country is left behind in the process of achieving net-zero by 2060.
“As a continent, we need to beintentional and recognize the need to develop hydrocarbon resources in environmentally and socially responsible ways.
“And as alluded to by the AfricanUnion, we need to be realistic in choosing the energy transition pathways which addresses our unique requirements and circumstances. As well as enhancing policy, legislation and implementation approaches across national, regional, and continental level, to enable a favourable environment for development.
“We need to develop bankable projects to scale up access to funding and investment. And adopt a mix of energy solutions to address the needs of each country, including solutions to high tariffs and accessibility to sustainable energy options.
“We need to promote energy efficiency which is necessary for energy transition and focus on building energy infrastructure and strengthening transmission corridors,” Sylva said.

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Army Detains Soldier Over Alleged Assault In Benue 

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The Nigerian Army says it has taken into custody Christopher Emmanuel, who allegedly assaulted a female vendor, Doshima, in Kula, Gwer West Local Government Area of Benue.

This was contained in a statement by the Acting Assistant Director, Army Public Relations, 401 Special Forces Brigade, Makurdi, Capt. Abdullahi Osabo, yesterday.

Osabo said the Headquarters Operation Whirl Stroke took cognisance of the incident, which occurred on May 6 and reported on May 8.

He said the incident might have stemmed from a dispute over an unpaid debt, with allegations suggesting that the soldier claimed the woman insulted him during a phone conversation.

According to him, it is further alleged that this confrontation may have escalated into a physical altercation, which is now under investigation.

“Private Christopher Emmanuel is currently in custody, and a thorough investigation will be conducted to determine the circumstances surrounding the incident.

“The Nigerian Army has zero tolerance for human rights abuses and will take disciplinary action based on findings of the investigation.

“The leadership of the Nigerian Army assures the general public and the victim that justice will be served in line with the military’s high standards.

“OPWS strongly condemns any form of indiscipline or human rights abuse by its personnel,” he said.

Osabo urged members of the public to report any instances of abuse by Nigerian army personnel to the Human Rights Desk helpline instead of using social media.

He gave the assurance that all reports of infractions by army personnel were viewed seriously, investigated, and sanctions applied where personnel were found culpable.

“We appreciate your understanding and cooperation,” he added.

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S’Court Holds Valedictory Session For Late Justice Ogwuegbu, Wed

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The Supreme Court of Nigeria will hold a valedictory court session on Wednesday, May 14, to honour the late Justice Emmanuel Ogwuegbu, a former Justice of the court who passed away in October last year.

The session is scheduled to take place at 2.pm in the main courtroom of the Supreme Court.

A statement issued yesterday by the Director of Information and Public Relations of the apex Court, Dr Festus Akande, revealed that the late judicial icon died peacefully in his sleep on October 28, 2024, at the age of 91.

Born on March 16, 1933, in Amainyi, Ihitte-Uboma Local Government Area of Imo State, Justice Ogwuegbu rose from a humble background to become a towering figure in the legal profession.

He was appointed a judge of the High Court of Imo State in November 1976, serving as Administrative Judge of the Owerri Judicial Division from 1976 to 1979. He later served in the same capacity in the Aba Judicial Division in 1980.

Elevated to the Court of Appeal in September 1987, Justice Ogwuegbu served in the Ibadan and Lagos Divisions before his appointment as a Justice of the Supreme Court of Nigeria in April 1992.

In recognition of his outstanding contributions to the judiciary, he was seconded by the Federal Government to serve on the Supreme Court bench of The Gambia from December 1999 to 2002.

He returned to Nigeria to continue his meritorious service at the Supreme Court until his retirement on 16 March 2003.

The valedictory session will be presided over by the Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun.

Tributes will be paid to the late Justice Ogwuegbu by the Chief Justice and other key stakeholders in the nation’s justice sector.

The session will also be attended by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN).

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Over 80 Army captains to sit for 2025 promotion exam in Benin

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A total of 86 Nigerian Army captains will be sitting for the 2025 written promotion examination in Benin.

The week-long examination will run from May 12 through May 16 and is being hosted by the Nigerian Army School of Supply and Transport (NASST).

Speaking at the opening session on Sunday in Benin, Maj. Gen. Kevin Aligbe, commander, Training and Doctrine Command (TRADOC) and president of the examination saluted the candidates for reaching this pivotal point in their careers.

He described the examination as a major stepping stone to higher responsibilities and called for professionalism, discipline and zero tolerance for examination malpractice.

“The examination is part of the Nigerian Army’s structured promotion process aimed at building a professional, disciplined and merit-driven officer corps, in line with the Chief of Army Staff’s vision of a capable and responsive force.

“This is an opportunity to make a solid progression in your chosen career.

“Let me assure you that if you have prepared well, you will pass this exam without resorting to any form of malpractice. We expect nothing short of a 100 per cent success,” he said.

According to him, the examination is a key prerequisite for promotion to the rank of major while also urging all participants to give it their best, especially those making a second attempt.

He noted that only three chances were allowed by the army policy.

Mr Aligbe however, warned that any candidate caught cheating, discussing answers in the hall or violating security protocols would be disqualified and made to face further disciplinary action.

He also disclosed that awards and commendation letters, including cash prizes would be given to candidates who rank first, second and third.

He added: “our desire is to see all of you pass”, while assuring fairness and transparency in the marking process.

In his welcome address, Maj. Gen. Adebayo Adegbite, commandant of NASST, said the school was honoured to host the promotion exam.

He noted that the examination marks a critical milestone in the career development of officers.

“You have undergone a rigorous one-month preparatory cadder.

“The mock exam assessed your readiness. We expect good performance.

“Be reminded of the security situation in Benin. Avoid unnecessary movements. Move in pairs and be security conscious,” he said.

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