Oil & Energy
‘Solar Energy, Palm Oil Can Replace Petroleum’
The Presidential Candidate of the African Action Congress, Omoyele Sowore, has said generating solar energy in the Northern part of Nigeria and other products like palm oil from the South can help to diversify Nigeria’s economy.
Sowore, who stated this while responding to questions on the distribution of resources on a television programme, said technology had taken over across the globe, and “it is now the new resource.”
He noted that soon, crude oil would not be a major resource anymore, “because people are moving away from the consumption of fossil fuel”.
This is coming as discussions on restructuring continue to deepen, as groups like the Oodua Peoples Congress and Yoruba Nation continue to push for self-determination.
Regional management of resources cannot also be disconnected from the discussions on restructuring.
“If the northern part of Nigeria starts producing solar power for the rest of Nigeria, don’t be surprised that they might be more valuable than oil.
“The sale of palm oil in the international market today is more profitable than crude oil”, Sowore said.
According to him, to tackle the problem facing wealth distribution, it must be understood dimensionally that Nigeria is a very diverse nation.
“Geopolitically, Nigeria is divided into six regions and we have resources located in each region. It is not that resources have been scarce.
“Nigerian leaders once made it openly clear that they have money but their problem is how to spend it,” he claimed.
He said if elected president, he would allocate resources to every Nigerian region as they deserve it and ensure that every part of Nigeria that produces resources gets the largest share of those resources, while the rest get their fair share.
“There are structural and institutional problems of who should get what, and this will be addressed by the AAC’s strategy of creating a brand new constitution for Nigeria, which would fundamentally and foundationally address the issue of resource ownership, distribution, allocation and percentage for who gets what.
“The most important thing is every citizen will count and they will get what they deserve, and put together, that will eradicate and erase that vocabulary called marginalisation,” Sowore said.
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Oil & Energy
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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