Oil & Energy
Nigeria Deserves More From Gas Reserves – Osinbajo
Vice President, Yemi Osinbajo, says the use of gas as a transition fuel will help in stemming deforestation and advancing Nigeria’s broader development goals.
He said Nigeria had one of the largest gas reserves in the world and deserved to reap more from it, adding that other developing countries would also benefit from the adoption of gas as a transition fuel.
The vice president highlighted the need for Nigeria to continue the exploration and use of gas as a way of arresting deforestation.
He said it would also help in transiting away from dirtier fuels like diesel, kerosene and petrol, while at the same time ensuring that the country had the necessary energy baseload for industrialisation.
Noting that Nigeria had one of the largest gas reserves in the world and should benefit from its exploitation, he highlighted the significance of Nigeria’s Energy Transition Plan (ETP), which is the first in Africa.
Osinbajo had discussed the ETP during his recent visit to Washington D.C., where he met with his American counterpart, Kamala Harris, at the White House, among other top US government officials.
Before the recent US trip, the Federal Government had launched the ETP at a global virtual event.
Recall that Osinbajo’s spokesman, Laolu Akande, in a statement in Abuja, said the Vice President received the U.S. Special Presidential Envoy on Climate Change, John Kerry, at the Presidential Villa, last week.
Kerry was on a working visit to Nigeria. Prior to his meeting with the Vice President, Kerry had also met with President Muhammadu Buhari.
The Vice President and Kerry also discussed the issues of renewable energy sources and the global transition.
In his remarks, Kerry praised the plan and the efforts already being made in Nigeria to step up the use of renewables, especially solar and hydro-power, as major components of the energy mix.
He acknowledged that Nigeria ought to benefit from its gas reserves and urged an even more rapid adoption of renewables, especially electric vehicles, which were certainly the next wave in auto-manufacturing.
Kerry observed that the technology of renewables improved daily, adding that batteries were in production which lasted far more than those that were already in the market.
Upon a request by the Vice President, Kerry promised that U.S. would assist Nigeria with the expertise to scientifically determine the most appropriate energy mix toward the goal of energy for all by 2030 and net zero carbon emissions by 2060, without compromising the country’s energy security.
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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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