Oil & Energy
Fix Nigeria’s Refineries, End Fuel Importation, NANS Urges FG
The National Association of Nigerian Students (NANS) has called on the Federal Government and the Nigerian National Petroleum Corporation Limited (NNPCL) to take concrete steps in repairing the country’s faulty refineries, insisting that only this would make Nigeria attain self-sufficiency in oil production.
NANS gave the urge in a statement signed by its National Senate President, Elvis Ekundina.
It lamented that Nigeria’s continued importation of petroleum products has further worsened the country’s forex crisis, arguing that Nigeria would not achieve rapid economic growth should the situation continue.
The association insisted that the Federal Government must address the current energy crisis caused by acute shortage of petrol in the Nigerian market by not only repairing the country’s refineries, but also ensuring that they work at optimal capacity.
According to NANS, the country’s refineries running effectively and efficiently can produce enough petroleum products to meet the country’s daily consumption.
The apex students body lamented that Nigeria’s energy crisis had worsened with the removal of fuel subsidy by the Federal Government in May, leading to increases in the pump price of petrol “and the only way to address this is by making sure our refineries are back on line”.
The students argued that Nigeria, as an oil producing country, need not continue to import fuel if all the nation’s refineries are working at optimal capacity.
The NANS Senate President said, therefore, that for Nigeria to end the importation of petroleum products, which, according to him, was draining forex and creating job losses, Nigeria needed to repair its own refineries based on the technological capacity of Nigerians.
“It is our belief that refurbishing and recommissioning our faulty refineries to optimal production level will resolve the nation’s energy crisis.
“This will also resolve the challenges the country is having with foreign exchange and the worsening naira crisis.
“When we are able to repair our refineries and put them back to good use, Nigeria’s problem with fuel insufficiency and pricing will be resolved.
“It is good to have our refineries fully working alongside the Dangote refinery as this will ultimately make Nigeria a net exporter of refined petroleum products and this will also allow for stability in fuel prices”, he said.
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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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