News
‘Under Investment, Others Threaten FG’s Gas Expansion Target’
Despite post-COVID recovery in the oil and gas sector, indications have emerged that historical under-investment along with tightening monetary policies, high inflation, amongst others pose a major setback to the Federal Government gas expansion target.
This is coming even as the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), MeleKyari, stated that the company would partner with the Nigerian Content Development Monitoring Board (NCDMB) and all relevant domestic and international stakeholders to enhance the supply, delivery and utilization of gas in the country.
Speaking at the opening session of the 11th Practical Nigerian Content Forum, with the theme, “Deepening Nigerian Content Opportunities in the Decade of Gas,” Kyari maintained that the NNPC Ltd would leverage on the provisions of policies/regulations, technological breakthroughs, innovative financial mechanisms and other key initiatives such as the National Gas Expansion Programme to make the energy sector resilient.
He said: “The global energy sector has, to a large extent, recovered from the impact of COVID-19 pandemic, only to be challenged by historical under-investment, tightening of monetary policies, high inflation, geopolitical tension and security issues, among others, resulting in high and volatile energy prices, and uneven and often low energy supply and demand.
“Energy poverty and security which, hitherto, was a regional and under-developed countries concerns, has now become a global concern, with countries developing all sorts of approaches and innovations to remain energy resilient.
“International Agendas/Frameworks, including the UN’s 2030 Agenda for Sustainable Development and successive Conference of Parties have continue to recognise the role of natural gas as a fuel of choice for sustainable development and for smooth energy transition to a low carbon future.
“This has created the much-needed opportunity to power the global economy in a sustainable manner using clean fuels to address global energy related challenges and create value for businesses and the society.
“In line with this and with over 200 TCF of proven gas reserves and a potential of growing to 600TCF, the Federal government declared 2021-2030 as the decade of gas towards a gas-powered economy with natural gas used as direct source of energy and its derivative, such as LPG and CNG, for clean cooking and driving.
“Utilising our upstream gas assets, and key gas pipeline infrastructure (ELPS, Oben – Ajaokuta/Geregu, the vast eastern network covering Alakiri-Obigbo, IkotAbasi and Imo River, and the Gas Transmission Systems (GTS 1-5) to NLNG, NNPCL and its shareholders produce gas in excess of 6 Bscf/d and deliver to the domestic, regional (WAGP) and international gas/LNG markets, thus building in-country capacity and value to shareholders as well as earning foreign revenue.
“Today, the NNPC JV power plants (450 MW Okpai I and 650 MW Afam VI) continue to be key sources of power generation to the country and more power plant projects are being progressed.
“To further deepen gas utilization, we are exploiting more gas resources, including in the frontier basins, deploying/constructing more gas infrastructure & facilities e.g., 2 Bscfd OB3, 2.2 Bscfd AKK, Ibadan-Ilorin-Jebba Pipeline (EIIJ), Qua Iboe-Obigbo-OB3, Obigbo – Umuahia – Ajaokuta (OUA) pipelines and ANOH Gas Processing Plant, etc.,) and utilization points (AKK Power Plants, MEPP, petrochemical plants, , retail CNG refuelling stations, etc. thus integrating gas supply sources with the demand centres across the country
“We are also complementing these gas penetration projects with several renewable energy and emission reduction projects to enhance the sustainability of the energy sector.
“Furthermore, we are embarking on LPG Penetration Scheme through the establishment of Micro Distribution Centres (MDCs) across the country to deepen LPG consumption for clean cooking (stop the detrimental in-door air pollution and deforestation) while creating opportunities for fabrication of LPG/CNG/LNG tanks, gas stoves, cylinders, etc.
“This is underpinned via enhanced LPG production NEPL’s IGHF, NLNG, expansion of terminals and LPG trucking capacity.”
Kyari said all these expansions and investments have created opportunities for Nigerian content, noting that the NNPC is encouraging organizations to identify the relevant areas in which they can participate in.
“I am very pleased of the rapid growth of our local capacity, and we will continue to collaborate with NCDMB and other stakeholders to propel our local talents to achieve their full potential and compete favourably, domestic and internationally.
“We would continue to deepen our Gas Cooperation strategy with all relevant domestic and international stakeholders to enhance gas supply, delivery and utilization while leveraging on the provisions of policies/regulations, technological breakthroughs (e.g., Carbon capture, utilization and storage-CCUS to lower GHG emissions), innovative financial mechanisms and other key initiatives such as the National Gas Expansion Programme to make the energy sector resilient.
“It is my believe this would create value for our business and shareholders and make natural gas not only a transition fuel but a destination fuel of choice,” he added.
News
MAN Tasks Rivers, Bayelsa On Blue Economy
The 2025 annual general meeting (AGM) and conference of the Rivers/Bayelsa states chapter of the Manufacturers Association of Nigeria (MAN) has come to a close with a strong call for both states to drive the blue economy.
The communique just issued after the AGM pointed to what it called emerging prospects in fish processing, seaweed cultivation, ship repair, and marine technology.
The communique which also mentioned human capital gaps that must be filled through technical and vocational training that are aligned with modern industrial needs, said the blue economy represents a viable pathway for Nigeria’s industrialisation.
It said MAN and Arican Marine Environment Sustainability Initiative (AFMESI) have the capacity to unlock Nigeria’s blue economy sustainably and inclusively, but said the region required dedicated infrastructure upgrades, including roads, waterways, and power.
The communique was signed by Vincent Okuku (Chairman of Rivers/Bayelsa States Branch); Michael Nosa Agana (Branch Vice Chairman/Chairman AGM planning Committee); and Chibuzor Eze (Executive Secretary, Rivers/Bayelsa States Branch).
The resolutions said the future of the Niger Delta economy lies in diversification rather than dependence on extractive industries. “Technology and innovation, value addition and local processing, strategic infrastructure, and a skilled workforce are essential pillars for the future of manufacturing in the region.
“Governments in the region must intensify support for manufacturing activities. Various forms of collaboration across sectors should be actively encouraged.”
It specifically advised Bayelsa and Rivers States to fully develop and harness the blue economy as strategic gateways for sustainable growth; and called for cross-border partnerships with neighbouring states to enhance trade, security, and environmental management.”
The Rivers/Bayelsa States branch of MAN held its first (41st) AGM outside Port Harcourt for the first time, hosted by Bayelsa State Government at the Chief D.S.P. Alamieyeseigha Memorial Banquet Hall, with the theme: ‘Trade, Technology, and the Future of Manufacturing in the Niger Delta.’
In his welcome address, the chairman of the branch, Okuku, commended the Bayelsa State Government under the leadership of Gov Douye Diri for its efforts in industrial development, investment promotion, and strong partnership with the private sector.
He also acknowledged the Rivers State Government for its commitment to rehabilitating industrial clusters, improving access roads, and delivering key infrastructure.
He, however, expressed concern over persistent challenges such as high energy costs, unreliable electricity supply, weak transport systems, rising logistics expenses, multiple taxes and levies, inconsistent regulatory frameworks, and pressure from host communities, which continue to hinder manufacturing growth in both states.
The President of MAN, Francis Meshioye, noted that the Niger Delta, with its abundant resources and strategic location, holds vast potential for industrial expansion. He called for policy frameworks that promote local manufacturing, enhance trade, and attract investments to the region.
Goodwill messages were delivered by the Minister of the Federal Ministry of Regional Development, Abubakar Momoh, represented by Wasa Festus, Director of Community Development and Education. Another goodwill message was also presented by the Bayelsa State Commissioner for Trade, Industry and Investment, Ebieri Jones.
In his remarks, Gov Diri praised MAN for its contributions to Nigeria’s manufacturing sector, noting its resilience, innovation, and strategic role in national development. He stated that the conference theme aligns with his administration’s mantra of “Assured Prosperity.”
Gov Diri offered 24-hour service to manufacturers wishing to relocate to the state, and highlighted the State’s ongoing transformation through deliberate investment in infrastructure, security, and human capital aimed at positioning Bayelsa State as a hub for industrial growth, particularly in the blue economy, agriculture, and manufacturing.
He further noted that hosting the 41st AGM fulfilled a long-desired aspiration of the State following the successful 2024 MAN event in Port Harcourt, Rivers State. He officially declared the exhibition open.
News
NELFUND Warns Students Against Fake Loan Portal
The Nigerian Education Loan Fund has alerted the public to a fraudulent message circulating online, claiming that the NELFUND Student Loan Registration Portal is open.
The message directs applicants to a third-party link (http://gvly.xyz/Nelfund-Student-Loan, which NELFUND confirms is unauthorised and fraudulent.
In a post obtained from its X handle, yesterday, NELFUND urged students and the general public not to click on the link or provide any personal information, emphasising that the official loan registration portal is only accessible through the Fund’s verified channels.
The agency reminded applicants to exercise caution online and to report any suspicious links or communications claiming to be from NELFUND.
“Applicants are encouraged to always verify official announcements via NELFUND’s official website and social media channels,” NELFUND said.
This advisory comes as part of NELFUND’s ongoing efforts to safeguard students and ensure the integrity of the student loan application process.
News
Eastern Port Police Boss Promises On Crime-Free Operations
The new Commissioner of Police Eastern, Ports Command, Mr Tijani Fatai has promised to ensure a crime- free ports operations in the zone.
He said effective policing will be mounted across the ports in the zone in tackling the high rate of community unrest, activities of port rats and other social vices.
Fatai while speaking to newsmen shortly after taking over as the 17th commissioner said he wants to be remembered as a peace maker during his tenure as Commissioner of Police in the Eastern Ports Command.
According to him,’’the community policing is the sure way of addressing most conflicts and other social vices bedeviling our society today and I will explore it to its fullest” .
The Commissioner also assured officers of the rank and file of improved welfare whoch he described as a cardinal objective of the present efforts of the Inspector General of Police (IGP).
He said,” the Inspector General of Police has sent me to assure you all of welfare, promotions as and when due,no officers particular rank and file will be left behind in the coming months.
Fatai before his recent posting was an operational officer,who spent most of his years with the Police Mobile Force (PMF) where he served as Unit Commander (UC) and Commander, PMF.
Before his redeployment as a Commissioner of Police,(CP), he was the Deputy Commissioner of Police, Operations, DCP, Operations, Lagos State Command.
-
Sports4 days ago
Insurance Beat Pillars In A Dramatic Way
-
Ict/Telecom4 days ago
Expert Tasks Nigerians On AI
-
Business4 days agoVDM, Mr Jollof’ll Face The Law – NCAA
-
Rivers3 days ago
Navy Targets Training Reforms To Boost Maritime Operations
-
Politics4 days ago
PDP, ADC Fault FG Over Kebbi School Attack
-
Sports4 days ago
S’Eagles Coach Accuses Congo Of Voodoo After Loss
-
Business4 days ago
2025 LITF: Lagos Promises MSMEs Continued Visibility, Capacity Building
-
Ict/Telecom4 days ago
NCC Assures Safe, Accessible Digital Space
