Oil & Energy
Non-Oil Export Will Guarantee Nigeria’s Economic Survival – NEPC
The Nigerian Export Promotion Council (NEPC) says non-oil export will guarantee Nigeria’s economic survival.
Executive Director/CEO of NEPC, Dr. Ezra Yakusak, said this in a news briefing heralding the NEPC Export Week scheduled from November 21 to 26.
Yakusak emphasised the need for Nigerians to embrace the non-oil export critical in growing the economy, providing more jobs and addressing insecurity in the country.
Describing the Export Week as first of its kind to be organised by the council, Yakusak said it was NEPC’s strategic efforts of imbibing, sustaining and deepening an export culture in the non-oil export ecosystem.
“This we will implement through series of engagements with key stakeholders within the exporting community and indeed the general public.
“Only recently, precisely on April 26 and 27, 2022, the Council held its maiden National Conference on Non-oil Export with the theme “Export for Survival: Optimising Nigeria’s Non-Oil Export Potentials”.
“The conference provided a veritable platform for stakeholders in the non-oil export sector to ventilate ideas on current and emerging issues affecting the non-oil export sector.
“In this wise, the Export Week is a continuation of that engagement with critical stakeholders and discerning members of the public.
“The objective is to keep the ‘Export4Survival’ campaign in the front burner of national discourse using the Export Week as a strategic information and communication tool to change the narratives,’’ he said.
According to the NEPC boss, “we envisage that the Export Week will provide a path for business and sector led activities to thrive as well as help entrepreneurs particularly Small and Medium Enterprises (SMEs) look out for new opportunities in the sector.
“Therefore, it is vital for these businesses to have the support and information they need to become successful.
“It is against this backdrop that the Council has lined up series of events to mark the Export Week.
“However, it is important to state that one of the key objectives of the Export Week is to highlight the significance of exporting to the country’s economy by strengthening and deepening interactions and partnerships with relevant stakeholders in the public and private sector,’’ he said.
Yakusak added that the ultimate goal was to ensure that the events that were lined up would become an avenue for massive recruitment of people into the non-oil export net.
“We want Nigerians to step into the reality that the only way to guarantee our economic survival is through non-oil export”.
“We are therefore embarking on a massive sensitisation and renewed partnerships with the private and public sector, not just at the national level but also at the sub-national level,’’ he said.
He said revenue generated from non-oil exports which increased to 2.6 billion dollars from January to June 2022 spurred the council into organising the Export Week.
Th Tide’s source reports that activities lined up for the Export Week include: launching of “Export4Survival” Campaign by the Minister of Industry, Trade and investment, Otunba Adeniyi Adebayo and a symposium with the theme “Strengthening the Non-Oil Export Sector for National Development”.
Others are an export inclusiveness day for women and youth, the Export4Survival walk and a variety show and gala night to be held on Thursday, November 24.
Yakusak said the Exporters’ Award and Gala Night to be held on Nov 26 in Lagos would recognise and celebrate exporters who were consistent in recording appreciable successes, thereby contributing to the growth and development of the country’s economy.
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Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
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