NMMP: Ikeja Electric advises customers to be patient

Mrs Folake Soetan, Chief Executive Officer, Ikeja Electric Plc

Ikeja Electric Plc has advised customers yet to get prepaid meters under the National Mass Metering Programme (NMMP) to be patient, as the next phase of the programme would soon begin.

Mrs Folake Soetan, Chief Executive Officer, Ikeja Electric Plc, gave the advice at a customer’s forum organised by the DisCo and the Nigerian Electricity Regulatory Commission (NERC) on Tuesday in Ikeja.

Soetan noted that 106,000 meters were allocated to Ikeja Electric under the first phase (Phase Zero) of the NMMP, and the DisCo was able to meter over 99 per cent of the customers.

She said: “The phase zero was very successful and we are now waiting for the phase one to begin.

“The target of phase zero was one million meters while phase one will be four million meters, but it is going to be done in batches and hopefully we will be able to meter the entire number that will be allocated to us.

“Our advice is that customers who have registered should be patient because the phase one will soon begin and those who are yet to register are advised to do so as soon as possible.”

Soetan also clarified that the Meter Assets Providers (MAP) scheme was running side by side with the NMMP for customers who want to fast track their metering process without having to wait for the NMMP.

She noted that the forum had given the DisCo the opportunity to hear the complaints from its customers, and those relating to estimated billing would be resolved as soon as possible.

Soetan said Ikeja Electric had also strengthened its network by upgrade of infrastructure, distribution lines and procurement of transformers to ensure stable supply of electricity to customers.

Also, Dr Musiliu Oseni, Vice Chairman, NERC, said the forum was organised to hear complaints from electricity customers within the network and find lasting solutions to them.

Oseni said NERC would continue to protect the rights of Nigerians by ensuring proper regulation of the electricity industry in line with the agency’s mandate.

The News Agency of Nigeria (NAN) reports that the NMMP was flagged off on Oct. 30,2020 by the Federal Government to close the metering gap in the Nigerian Electricity Supply Industry.

It would assist in reducing collection losses, while at the same time, increasing financial flows to achieve 100 per cent market remittance obligation of the DisCos.

Part of the objectives also include the elimination of arbitrary estimated billing, improving network monitoring capability and provision of data for market administration and investment decision-making.

PIA implementation will enable far-reaching reforms – NUPRC boss

Mr Gbenga Komolafe, Chief Executive Officer, NUPRC

Mr Gbenga Komolafe, Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the implementation of the Petroleum Industry Act ( PIA) will enable far-reaching reforms and a sustainable overhaul of the industry.

Komolafe made the assertion on Tuesday at the virtual Nigerian Gas Association (NGA) 2021 Business Forum and Annual General Meeting.

The News Agency of Nigeria (NAN) reports that the forum had as its theme,”Petroleum Industry Act (PIA): Progress and Opportunities in the Decade of Gas.”

He said the signing of the PIA by President Muhammadu Buhari on Aug. 16 after almost two decades was a monumental feat in the advancement of the Nigerian oil and gas industry.

Komolafe said: “This omnibus law holds the key to unlocking value from the nation’s petroleum resources for the benefit of our generation and unborn Nigerians.

” The Act will enable far-reaching reforms and a sustainable overhaul of the industry, in view of its focussed implementation under the committed leadership of the Minister of State for Petroleum, Chief Timipre Sylva.”

According to him, the PIA and the Decade of Gas initiative of the government will help the government to attain its key objectives for the industry.

He said that the legal, regulatory, fiscal, governance and institutional frameworks to maximise Nigeria’s oil and gas resources had been provided for by the PIA.

Komolafe said the Act also provided incentives to attract investments in gas infrastructure development and exploration to deepen downstream gas penetration in line with government’s aspirations.

While commending the NGA for organising the forum, he said the commission would continue to partner with all stakeholders for the advancement of the industry.

Earlier, Mr Ed Ubong, President, NGA, said the global energy transition and the COVID-19 pandemic had made it imperative for all stakeholders to work together to accelerate the development of gas in Nigeria.

Ubong said the NGA was committed to supporting the government’s efforts to utilise gas for industrialisation of the country, especially with the signing of the PIA. 

NUPRC says synergy among stakeholders critical to achieving objectives of PIA

Engr. Gbenga Komolafe, Chief Executive Officer, NUPRC

The Nigerian Upstream Regulatory Commission ( NUPRC) says synergy and collaboration among stakeholders in the oil and gas sector is critical to achieving the objectives of the Petroleum Industry Act (PIA).

The NUPRC, also known as the Commission is one of the petroleum regulatory agencies established following the signing of the PIA into law by President Muhammadu Buhari on Aug. 16,2021.

Engr. Gbenga Komolafe, Pioneer Chief Executive Officer, NUPRC, said the PIA which was signed into law after almost two decades has created a clear fiscal and regulatory framework for the industry.

He said the objective of the Act was to attract investment to Nigeria's oil and gas sector and optimise the nation's hydrocarbon resources for national development.

According to him, this is aimed at increasing the nation's oil and gas reserves and reduction in operating costs in the country.

Komolafe , who had held several engagements with stakeholders in the industry since assuming office, noted that the effective implementation of PIA was very important to the Buhari-led administration.

"We must continue to collaborate, synergise, and build partnerships across all agencies of government and our stakeholders, for the purpose of innovation, data gathering, information sharing and to breach specialised human capacity gaps among others, as these are positive drivers to improve local human capacity for Nigeria," he said.

Komolafe said the Commission has the responsibility of technical , operational and commercial regulation of upstream petroleum operations in Nigeria.

He said the goal of the commission was to function as a 21st century regulator by promoting an enabling environment for investment in upstream petroleum

operations.

Komolafe added that the Commission would however, ensure strict implementation of environmental policies, laws and regulations

for upstream petroleum operations.

TotalEnergies, others pledge support for Nigeria's gas development plan

TotalEnergies Nigeria, Shell Companies in Nigeria, Chevron Nigeria Ltd., and 

ENI Companies in Nigeria have pledged support to development of Nigeria's gas resources as the country's energy transition fuel.

The International Oil Companies (IOCs) made the pledge on Tuesday during a panel session at the 10th Practical Nigerian Content Conference organised by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenogoa, Bayelsa.

The News Agency of Nigeria (NAN) reports that the session had the topic: " Growth Levers and Investment Opportunities Arising from Nigeria's Petroleum Industry Act ( PIA)".

Mr Mike Sangster, Managing Director, TotalEnergies Nigeria, represented by 

Mr Victor Bandele, Deputy Managing Director, Deep Water, TotalEnergies, commended President Muhammadu Buhari for signing the PIA into law.

Sangster said TotalEnergies was committed to the global energy transition and achieving carbon neutrality in its operations by 2050.

He, however noted that oil and gas would remain relevant in the energy mix in the next five to 10 years hence there was need to optimise Nigeria's abundant oil and gas resources.

Sangster said TotalEnergies was in support of the plan to expand domestic gas utilisation, adding that the company had been able to reduce gas flaring significantly in its operations.

Also,  Mr Osagie Okunbor, Country Chair, Shell Companies in Nigeria, said the PIA had created the enabling environment for the development of Nigeria's oil and gas sector.

Okunbor said the adoption of gas as Nigeria's transition fuel by the Federal Government was a welcomed development and what was needed to take the industry forward.

Mr Roberto Daniele, Managing Director, ENI Companies in Nigeria lauded the government for declaring Year 2021 to Year 2030 as the Decade of Gas Development.

On his part, Mr Cosmos Iwueze, General Manager, JV Operations, Chevron Nigeria Ltd., said there was need to upgrade gas infrastructure in the country.

He also called for price deregulation in the gas sector as well as payment of legacy debts owed to gas suppliers by power generation companies.

Mr Bala Wunti, Group General Manager, National Petroleum Investment Management Services (NAPIMS) , expressed optimism that Final Investment Decisions (FIDs) would be taken on some critical projects by 2022.

Wunti said  some of the projects which were being executed by the IOCs and the Nigerian National Petroleum Corporation were suspended for years due to uncertainty in the oil and gas sector.

He said the enactment of the PIA had restored investors confidence in the industry and had repositioned Nigeria to optimise its hydrocarbon resources.

Mr Simbi Wabote, Executive Secretary, NCDMB said the projects attracted by the PIA would create a lot of opportunities for local content in the oil and gas industry.

"Without projects, there is no local content and if PIA is able to provide these opportunities, local content will benefit to a large extent," Wabote said.

 (NAN)

Nigeria Machine Tools partners firm to manufacture valves

AMPO POYAM Valves has announced a partnership agreement with Nigeria Machine Tools to establish a local subsidiary to design and manufacture highly engineered valves for the energy industry in Nigeria.

The company made the announcement in a statement posted on its website on Tuesday.

Mr Alex Eizmendi, Strategic Director, AMPO POYAM Valves, said the company was excited with its partnership agreement with Nigeria Machine Tools, based in Oshogbo, Osun State.

“As a world leader in highly engineered valves for the most severe services and applications of the energy industry, we are excited to engage with a leading manufacturer in Africa to bring our wide range of tailor-made valve solutions to the West African market.

“The agreement aims to further consolidate AMPO POYAM Valves’ position in the region while emphasising the company’s commitment to the African continent.

“We look forward to a long-term partnership that can serve as an appropriate model of support to our West African customers,” he said.

According to him, it will also support Nigeria’s national economy by the transfer of global top-tier technology and know-how to the African market.

“This partnership shows our complete faith as well in Nigeria’s industrial infrastructure,” Eizmendi added.

Speaking on the agreement, Mr Norbert Chukwumah, Vice Chairman, Nigeria Machine Tools, expressed optimism that the agreement would boost Nigeria’s manufacturing capacity and the nation’s economy.

“Since our establishment in 1980, we have remained passionate about proffering solutions to Nigerian’s and subsequently the continent’s industrial needs as well as transferring global technology and know-how to the local market.

“This partnership is set to boost not just the West Africa market but the continent’s at large, create job opportunities, up-skill our resources as well as encourage technology transfer.

“As part of the partnership agreement, we will provide state-of-the-art facilities, resources and latest available technology and equipment for the development of highly engineered AMPO POYAM Valves for the energy sector.

“We thank the Nigerian Content Development and Monitoring Board (NCDMB) for creating an enabling environment that facilitated this agreement,” he said.

Also, Mr Yomi Ademefun, Director, AMPO POYAM Valves Nigeria, said the scope of the agreement would focus on highly engineered valves manufacturing, testing, painting, and servicing for the oil, gas, petrochemicals, chemical, mining and power sectors.

Ademefun said the company had been in Africa since 2003 and had supplied more than 15,000 valves for strategic projects in different African countries.

He said that some of the projects include Dangote Refinery and Petrochemicals Project, Lagos, Greater Tortue-Ahmeyim FLNG, Angola LNG, Midor Refinery Upgrade Project and Damietta LNG.

He said they also included Skikda LNG Terminal, Coral South Development Project, Algiers Refinery Rehabilitation and Adaptation Project, among others. (NAN)

NUPRC boss seeks strategies for sustainability of Nigerian content in oil, gas sector

Engr. Gbenga Komolafe, Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC)

Engr. Gbenga Komolafe, Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has called for the development of strategies for sustainability of Nigerian content policies in the oil and gas sector.

Komolafe spoke on Tuesday at the ongoing 10th Practical Nigerian Content 2021 Conference in Yenagoa.

The conference, organised by the Nigerian Content Development and Monitoring Board (NCDMB), has as theme: ” Driving Nigerian Content in the New Dawn of the Petroleum Industry Act (PIA)”.

Komolafe said President Muhammadu Buhari’ssigning into law of the PIA had brought the much-desired stability to the Nigerian oil and gas industry, which would boost investors’ confidence.

He said the enactment of the Nigeria Oil and Gas Industry Content Development (NOGICD) Act had helped the development of indigenous capacity, resurgence of new businesses, creation of jobs and retention of wealth in the country.

Komolafe said despite these achievements, it was critical for stakeholders to devise strategies to optimise business recovery and sustainability of Nigerian Content policies in a post-pandemic era.

“This is to foster economic growth and development in the energy sector and the oil and gas value-chain for the benefit of all Nigerians and our stakeholders,” he added.

Komolafe maintained that the commission was committed to the sustainable development of Nigeria’s huge hydrocarbon resources in the overriding interest of the country.

To this end, he said the NUPRC would continue to enable upstream businesses and create additional revenue streams for government and the investors, for the development of Nigeria’s socio-economic infrastructure.

He said: “As we forge ahead, it is critical for the global oil and gas industry to remain efficient and innovative in responding to the emergence of renewables, to sustain the relevance of hydrocarbon resources in the global energy mix.

“Local content development and research is a major driver of most productive economies and a trigger for socio-economic development.

“It is a multi-professional area that requires all stakeholders to be closely synergised for effectiveness towards achieving national goals and objectives.”

Earlier, Mr Simbi Wabote, Executive Secretary, NCDMB, said the Practical Nigerian Content Conference was aimed at giving stakeholders the opportunity to discuss on how to improve local content in the oil and gas industry.

Wabote listed some of the achievements of the board to include establishment of the Nigerian Content Research and Development Council and the 10 years strategic roadmap.

He said it also includes the creation of $50 million dollars research and development fund, support for local and indigenous research breakthroughs among others.

Gas to power huge opportunity for Nigeria – Minister’s aide

Mr Justice Derefaka, Technical Adviser, Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Chief Timipre Sylva.

By Solomon Asowata

Mr Justice Derefaka,Technical Adviser, Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, says Nigeria gas reserves will drag 120 million Nigerians out of energy poverty.

Derefaka  said  with gas becoming  dominant fuel for power generation globally,  it presented  a huge opportunity for Nigeria with its over 206TCF of proven gas reserves to utilise it  for socio-economic development of the country.

The News Agency of Nigeria (NAN) reports that he spoke at the 2021 Nigerian Association of Petroleum Explorationists (NAPE) Conference  in Lagos.

“We are unlocking the natural gas potential of Nigeria that  will drag over 120 million Nigerians out of energy poverty.

” The Federal Government remains  committed to transforming Nigeria through optimising of its gas resources and has adopted gas as the nation’s energy transition fuel,” he said.

According to him, the government has initiated policies such as the National Gas Expansion Programme (NGEP), the National Gas Flare Commercialisation Programme (NGFCP) and the National Gas Transportation Network Code (NGTNC).

Derefaka said the Declaration of  2021 to  2030 as ‘Decade of Gas’ by the Federal Government was aimed at stimulating the sector’s contribution to national development by deepening gas utilisation in the country.

He said: “As a nation, we are working on converting the massive quantity of  gas being flared now to energy for Nigerians with the commencement of the NGEP and the NGFCP.

“We are dealing with the energy poverty in the country.

“The major objective of the Muhammadu Buhari-led administration is to transform Nigeria into an industrialised nation, with gas playing a major role.”

Derefaka noted that the Central Bank of Nigeria N250 billion gas sector intervention fund would help optimal development of the sector within the next decade.

He added that the passage of the Petroleum Industry Act, Auto Gas Scheme as well as infrastructure projects such as the Ajaokuta-Kaduna-Kano pipelines were geared toward actualising the objective. (NAN)

Cost optimisation driving NNPC’s profitablity – NETCO MD

Mr Johnson Awoyomi, Managing Director, NETCO, presenting a gift  to Miss Mercy Obasi, winner of the raffle draw competition held at NETCO’S exhibition stand at the Nigerian Association of Petroleum Explorationists (NAPE) 2021 Conference on Tuesday in Lagos.

By Solomon Asowata

Lagos, Nov. 16, 2021 (NAN) Mr Johnson Awoyomi, the Managing Director, National Engineering and Technical Company (NETCO), has attributed the Nigerian National Petroleum Corporation (NNPC) profitability to cost optimisation.

The News Agency of Nigeria (NAN) reports that NETCO is one of the subsidiaries of the NNPC.

Awoyomi spoke during an interactive session with young engineers at the Nigerian Association of Petroleum Explorationists (NAPE) 2021 Conference on Tuesday in Lagos.

He said that cost optimisation was the driving force behind the profitablity of the NNPC.

Awoyomi said the enactment of the Petroleum Industry Act ( PIA) was a game changer for the petroleum sector with the aim of enhancing commercial, profit and sustainability of the NNPC and its subsidiaries.

The NETCO boss said: “In 2020, when others were facing loses, NNPC was able to break a 44 year jinx by declaring a N287 billion profit.

“What the management of the NNPC did was to improve cost effectiveness by ensuring that operating cost was reduced while also improving profit accruing to the National Oil Company.

“These huge profits were made as a result of the NNPC’s top management deployment of cost optimisation initiatives.”

Awoyomi noted that cost optimisation was very key in the face of challenges facing the industry caused by the COVID-19 pandemic and global energy transition.

He said going forward, the NNPC was targeting to reduce the contracting cycle from 18 months to six months and was working to reduce the Unit Operating Cost of crude oil production to 10 dollars per barrel.

Awoyomi, therefore, urged the young engineers to imbibe the principles of cost engineering devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis.

Dangote Group reiterates commitment to job creation

By Solomon Asowata

The Dangote Group has reiterated its commitment to creating jobs for Nigerians for overall economic development of the country.

Hajiya Halima Aliko-Dangote, Group Executive Director, Commercial Operations, Dangote Group made this known during the Dangote Special Day at the 2021 Lagos International Trade Fair (LITR) on Wednesday in Lagos.

The News Agency of Nigeria (NAN) reports that the fair is holding from Nov. 5 to Nov. 14 and has as its theme: “Connecting Businesses, Creating Value”.
Over 200,000 visitors are expected while about 1,500 exhibitors from 16 countries are participating in the 35th edition of the fair.

Represented by Mr Rabiu Umar, Group Chief Commercial Officer, Dangote Industries Limited, she said the theme of the fair was consistent with the company’s drive for innovation and value creation across Africa.

She expressed optimism that the fair would further expand awareness for the group’s products ranging from sugar, salt, tomato paste, noodles, pasta, fertiliser and its 650,000BPD refinery coming on stream soon.

“Our interest goes beyond profit making, to supporting government in job creation, reducing poverty, and engaging in unprecedented philanthropy.

“In achieving these, we respect the laws of the land where we operate.

“With all sense of humility, we can say that outside of government, the Dangote Group is the biggest employer of labour in Nigeria,” she added.

Earlier in her remarks, Mrs Toki Mabogunje, President, Lagos Chamber of Commerce and Industry (LCCI), said the LITF was aimed at facilitating trade, commerce and investment.

Mabogunje, represented by Mr Gabriel Idahosa, Chairman, Trade Promotion Board, LCCI, said it also aimed to advance industrialisation of Nigeria’s economy to engender a high growth rate of the Gross Domestic Product (GDP).

She commended the Dangote Group for its products and services which have touched the lives of millions of people across the African continent and beyond.

“We appreciate the passion of the group’s leadership in providing solutions to the problems governments have not been able to solve in areas of food sufficiency, housing, and energy.

“The group’s operations have created millions of jobs across Africa and contributed immensely to the GDP of many countries,” Mabogunje said. (NAN)

Indigenous coys invest $10bn in oil, gas production

By Solomon Asowata

The Independent Petroleum Producers Group (IPPG) says its members have invested about 10 billion dollars in oil and gas production in Nigeria from 2003 till date.

The group, made up of 24 indigenous oil and gas companies, also pledged to support the smooth implementation of the Petroleum Industry Act (PIA) to attract more investment to the sector.

Mr Abdulrazaq Isa, Chairman, IPPG, made this known during an engagement between the group and Mr Gbenga Komolafe, Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Friday in Lagos.

Isa said the indigenous oil companies contribution to Nigeria’s oil production was 252,000 barrels per day and 650MMscf/d of gas.

According to him, this translate to 14 per cent and nine per cent of national oil and gas production respectively.

He expressed optimism that the companies would be responsible for 100 per cent of 1.2 million barrels per day refining capacity in the near future.

Isa said the LPG fully aligns with the government’s “Decade of-Gas” initiative as it seeks to-utilise the nation’s abundant gas resources to power the economy and address underlying issues.

“We are fully aligned to global decarbonisation initiatives and adoption of renewable energy.

“With the current global shift to cleaner energy sources, Nigeria can utilise its domestic gas reserves as a lower-carbon bridge to energy transition.

” Ultimately, gas must serve as the transition feedstock for Nigeria and facilitate the transition to larger scale renewable energy.

“Government international advocacy drive is required for gas to be considered as a transition fuel in order to attract investment into the sector,” he said.

Isa listed some of the challenges faced by the companies to include gas pricing, crude oil theft, security, high operating cost, long contracting cycle and crude handling charges.

He said with the ongoing divestment by some International Oil Companies due to global energy transition, it was imperative that the government set up an energy bank to finance projects in the oil and gas sector.

Earlier, Komolafe said indigenous companies were critical to the smooth implementation of the PIA signed by President Muhammadu Buhari on Aug. 16.

He said the maiden engagement with the group was to solicit their support toward the implementation of the PIA and to listen to their challenges as they affect the industry.

“Our meeting is to formally unveil the NUPRC to you and to familiarise and identify with you as a regulator business enabler inupstream operations.

“This is coming at a critical point in the industry when the clamour from the global community is focused on energy transition from fossil fuels to cleaner energy,” Komolafe said.

He noted that the decisions taken at the ongoing United Nations Climate Change Summit in Glasgow, Scotland, could affect securing of funds for critical oil and gas infrastructure in Nigeria.

Komolafe assured the IPPG that the commission would be a fair and transparent 21st century regulator geared towards optimising revenue for government and investors.

The News Agency of Nigeria reports that the IPPG was established in 2015 as an association of indigenous Exploration and Production (E&P) companies with a current membership of 24 companies.

The group was set up to promote and advance the development of the Nigerian petroleum industry. (NAN)

NUPRC seeks oil producers support for smooth implementation of PIA

By Solomon Asowata

Lagos, Nov. 3, 2021 (NAN) The newly created Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has solicited the support of the Oil Producers Trade Section (OPTS) for the smooth implementation of the Petroleum Industry Act (PIA).

Mr Gbenga Komolafe, Chief Executive Officer, NUPRC, made the call in his maiden meeting with top OPTS members on Wednesday in Lagos.

The News Agency of Nigeria (NAN) reports that the OPTS comprised of 29 companies who are the major players in Nigeria’s oil and gas sector.

Present at the meeting were Mr Rick Kennedy, Chairman, OPTS and Managing Director, Chevron Nigeria Ltd., Mr Osagie Okunbor, Country Chair, Shell Companies in Nigeria and Mr Mike Sangster, Managing Director, TotalEnergies Nigeria.

Others were Mr Richard Laing, Managing Director, ExxonMobil Nigeria Ltd. and Mr Roberto Daniele, Managing Director, ENI Companies in Nigeria.

Komolafe noted that the OPTS was a critical stakeholder and partner in the development and operations of upstream assets in the Nigerian oil and gas industry.

He said the NUPRC was established following the signing of the PIA by President Muhammadu Buhari on Aug. 16 and was aimed at optimising the sector’s contribution to national development.

“The implementation of the PIA is very germain to the president and this current administration and he has given us a period of six to 12 months to begin to deliver some of the key deliverables.

“It is against this backdrop that I have decided to host this meeting in Lagos to reinforce my acknowledgment of your association and to solicit your collaboration as industry stakeholders,” Komolafe said.

He noted that the meeting was coming at a critical time when the clamour from the global community was focused on energy transition from fossil fuels to cleaner energy.

According to him, this has resulted in funding challenges for exploration activities being faced by the companies.

He said the meeting was to familiarise the commission with the OPTS members and listen to the challenges hindering optimisation of key areas in the upstream sector.

“Permit me also to say that this is the first in the series of engagements with you as our vision is to build a 21st century regulator that will be fair, just and be a critical business enabler in the upstream petroleum sector.

“It is in this wise that we urge you all to join hands with us in building confidence in the industry for robust investment,” Komolafe said.

Responding, Kennedy while congratulating Komolafe on his appointment, assured him of the support and cooperation of the OPTS in achieving the mandate of the commission.

Kennedy said the establishment of the commission forms a major milestone in the reforms being made in the Nigeria’s petroleum sector, especially the passage of the PIA.

He, however, noted that the OPTS would need collaboration with the commission regarding some of the key timelines in the implementation of the PIA.

Kennedy said the areas included incorporation of development trusts for host communities, installation of flare meters as well as gas flare and monetisation plan.

He said the challenges faced by the companies were high operating cost, security, lengthy contract cycle, multiple levies and taxes, among others. 

DPR boss seeks PENGASSAN’s support for smooth implementation of PIA

Mr Sarki Auwalu, Director, DPR

By Solomon Asowata

Lagos, Oct. 14, 2021 (NAN) Mr Sarki Auwalu, Director, Department of Petroleum Resources (DPR) has called for the support of PENGASSAN towards the smooth implementation of the Petroleum Industry Act (PIA).

Auwalu made the call on Thursday at the 6th Triennial Branch Delegates Conference and Award Ceremony of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), DPR Branch.

The News Agency of Nigeria (NAN) reports that the conference had as its theme: ‘The PIA –  Prospects for the Nigerian Oil and Gas Industry’.

Auwalu noted that the signing of the PIA after almost two decades was another landmark achievement in the oil and gas industry by President Muhammadu Buhari.

He said:” This law holds
the key to unlocking value from the nation’s hydrocarbon resources for the
benefit of our generation and those of our children and children’s children.

“The law will enable far reaching reforms and sustainable overhaul of the industry, as there is focussed and committed implementation framework under the
distinguished leadership of the president and the Minister of State, Petroleum Resources, Chief Timipre Sylva.

“I have no doubt in my
mind that this industry is set on the path for greatness.

“I, therefore, charge all of us,
including the great PENGASSAN, to give unalloyed support for the smooth
implementation and seamless take-off of the PIA. ”

According to him, the conference should ensure that the outcomes of the deliberations on the PIA are synthesised, collated and forwarded to appropriate quarters, including the PIA
Implementation Steering Committee.

Auwalu noted that the DPR and its successor agencies – the Nigerian Upstream Regulatory Commission and the Nigerian Midstream and Downstream Regulatory Authority –
would continue to play a pivotal role in the industry.

He said this included creating value and promoting industry growth,
stability and sustainability for the benefit of the country. (NAN) (www.nannews.ng)

Eko Disco Launches New Website to Improve User Experience

Eko Electricity Distribution Company (EKEDC) has announced the launch of its new website to improve user experience and accommodate advanced technological features for real-time communication with customers. The domain remains www.ekedp.com  

This was revealed in a statement signed by the General Manager, Corporate Communications, Mr Godwin Idemudia who disclosed that the Company made the move to improve customer experience and provide real-time information and updates to customers.

 He further disclosed that customer feedback was instrumental to improving the features and user experience of the website. 

The site features a quick reporting function for safety and faults, application for meter, real time tickets for tracking customer complaints, EKEDC Self-Care, timely fault updates, Company gallery and information and recruitments. 

Idemudia noted that customers can pay their bills and purchase tokens without any hassle, access their transaction history, verify staff's details, and access information on our zonal offices and business districts. 

He also concurred that the website would continue to evolve and improve to accommodate advancements and feedback. 

He urged customers to discourage all forms of vandalism and illegal activities as they result in service downtime

2021 CSW: EKEDC hosts quiz, debate competition for schools

By Solomon Asowata

Eko Electricity Distribution Company (EKEDC), on Thursday, hosted a Quiz and Debate Competition for Senior Secondary Schools within its network.  

The quiz and debate competition was part of the Company’s weeklong activities for the 2021 Customer Service Week, themed ‘Power of Service’.

The participating schools in the Quiz and Debate Competition include New Era Girls Secondary School, Surulere, Trinity Secondary School, Apapa, Eko Akete Senior Secondary School and Boys Senior Academy, Lagos Island.  

During the competition, the students demonstrated exceptional, sharp wit, critical thinking, and academic excellence. Some of the gifts won by the students include desktop computers, tablets, writing materials and other exciting items.  

Speaking at the event, the Head of Department, Customer Service of EKEDC, Iyiola Ezichi, commended the participating schools for their outstanding performance. 

She described the students as shining stars whose collective performance at the competition bear great hope for the future of our country.  

Ezichi said: “We are truly delighted to be associated with all the participating schools. 

"The students have shown great potential and proficiency in the quiz and debate competition and we are very confident that they will grow up to shape the future of our country and become leaders in different sectors” 

Ezichi also seized the moment to appreciate customers and staff for the cooperation and support since the commencement of the customer service week.

She promised that the company would continue to do more to ensure improved service delivery and enhance the satisfaction of its customers. 

In the same vein, the company concluded its customer service week activities on Friday with its cultural day display tagged “Rep your village People” with staff gaily dressed in their traditional native attires to mark the celebration.  

Eko DisCo donates educational support materials to Lagos schools

Students and teachers of Badore Community Junior Secondary School, Lagos in a group photograph with officials of Eko Electricity Distribution Companies after the presentation of educational support materials to the school by the company on Wednesday.

By Solomon Asowata

Lagos, Oct. 6, 2021 (NAN) Eko Electricity Distribution Companies (EKEDC) has donated educational support materials to Badore Community Junior Secondary School, Badore and Ajumoni Junior and Senior Secondary Schools, in Mushin, Lagos.

The News Agency of Nigeria (NAN) reports that the items which include marker boards, pens and math sets were presented to the school authorities on Wednesday.

Mr Aik Alenkhe, Chief Human Resources Officer, EKEDC, said the gesture was part of the DisCo’s Corporate Social Responsibility and to also mark the 2021 Customers Service Week.

Alenkhe said:” The vision of EKEDC is to become the leading power distribution company in Africa and the preferred choice of service for our customers.

“We operate a business that has a lot of impact on the society and what we are doing today is giving back to the society.

“This is in line with our mission statement to improve the quality of lives of our customers and stakeholders.

“We want to give our token support to learning, capacity building and development within the education sector.”

He noted that the programme was being held simultaneously by the DisCo at schools on the Mainland and Island axes of the state.

Responding on behalf of Badore Community Junior Secondary School, Mrs Mary Adegbite, Head of Science Department, thanked EKEDC for the gesture.

She assured the DisCo that the educational materials would be deployed to boost learning among the students in the school. (NAN)

Peter Rufai stars at Sahara Group’s Saharalympics Games

 

Foremost former Nigerian goalkeeper and Super Eagles Captain, Peter Rufai produced excellent saves that left spectators thrilled as he joined Sahara Group over the weekend to celebrate the 4^th edition of the energy conglomerate’s Saharalympics Games.

The biennial games which held at the Campos Mini Stadium in Lagos Nigeria featured Sahara Group’s employees across Africa, Asia Europe, and the Middle East.

“I have seen a lot of sporting events in my time, and I must admit that this is an excellent competition. I am delighted to be here to witness the brilliant sporting skills of Sahara Group employees and the display of unity in the organization,” said an elated Rufai who left the crowd cheering with several acrobatic saves from the penalty spot.

The event also had special guests in celebrated sports broadcasters, Charles Anazodo and Segun “The Pundit” Agbede who presented medals to outstanding athletes at the games.

According to Bethel Obioma, Head Corporate Communications, Sahara Group,  the Saharalympics is a celebration of “competitiveness and camaraderie” and provides a platform for enhancing employee collaboration, recreation, and productivity.

“The Saharalympics releases a special kind of energy that reinforces the ambidexterity of the employees at Sahara. 

"The other day we had our Variety Night celebration that saw spectacular performances from Saharians across the Group. 

"Today, we have taken the notch higher with sublime performances from all the teams. 

"We work hard, play hard and win together at Sahara Group. We are already looking forward to the 2023 edition,” Obioma added.

Five teams, Sahara Group Consolidated (comprising Group operations, trading entities, First Independent Power Limited and teams from within and outside Africa, Asharami Energy (a Sahara Group Upstream Company), Ikeja Electric, Asharami Synergy (a Sahara Group Downstream Company) and Egbin Power competed for laurels in athletics, football, volleyball, basketball, table tennis, bulls’ eye, supply crude, egg and spoon race and sack race at the Saharalympics.

Egbin Power emerged winners, while Ikeja Electric and Asharami Synergy took the first and second runner up positions respectively. 

Acting Chief Operating Officer, Egbin Power, Olurotimi Famoroti said: “We simply lived out our mantra which propels us to always work towards being better in all that we do. Egbin Power, a member of the Sahara Power Group is a foremost power plant in sub-saharan Africa and the largest power generation company in Nigeria. 

"We successfully transmitted that power to our performances on the pitch. Ultimately, we are all winners at Sahara, and we look forward to defending our title in 2023.”

The Saharalympics made its debut in 2014 and has ever since become a flagship event at Sahara Group that reinforces the role of sports in enhancing excellence, team performance and sustainability.

The recently concluded fourth edition coincided with the celebration of Sahara’s 25 years of transformative impact and leadership in regional and global energy sectors.

A maiden online version, the e-Saharalympics held before the onsite edition, featuring 16 teams from Sahara’s Power, Upstream, Midstream, Downstream, Infrastructure and Technology businesses. 

The games included Chess, Scrabble, PlayStation Football and Need for Speed, and Kahoot.

EKEDC Flags off 2021 Customer Service Week Celebration

Eko Electricity Distribution Company (EKEDC) has flagged off activities for the 2021 Customer Service week celebration.

 The Company in a statement by its General Manager, Corporate Communications, Godwin Idemudia, disclosed that the week-long event has been designed to reflect the theme of this year’s celebration which is Power of Service. 

He noted that this year’s customer service week is very significant because it celebrates the resilience, strength, and tenacity of customer service practitioners, in the face of the new normal that has been forced on the world by the corona virus pandemic. 

  

Speaking on the event, EKEDC's Chief Legal Officer, Wola Joseph who supervises Customer Service stated that “this year, we are delighted to celebrate our customer service officers, who have helped to sustain the culture of service excellence and ensure no interruption in the delivery of quality service to our customers and stakeholders. 

The week-long activity commenced on Monday, October 4, with the Appreciation Day, designed to celebrate the EKEDC's workforce and its customers for their commitment and support to the company’s overall growth and improved service delivery. 

Tuesday, October 5, is the Sensitisation Day for customers on the appropriate channels of enquiries and complaints for prompt resolution.

 On Wednesday, October 6, the team will embark on Corporate Social Responsibility (CSR) to schools within its distribution network. 

Thursday, October 7,  will be Quiz and Debate competition for Senior Secondary School Students at the Corporate Headquarters in Marina, while Friday, October 8, which is the final day has been designated as the cultural day for the entire staff of the company. 

As one of the leading electricity distribution companies in Nigeria, EKEDC remains committed to the delivery of reliable service to its customers and all stakeholders. 

61st Independence Anniversary: Role of Oil and Gas Sector in Nigeria's Development

Justice Derefaka

61st Independence Anniversary: Role of Oil and Gas Sector in Nigeria's Development 

By Justice Derefaka

I can claim that the Nigerian oil and gas business has had a direct and indirect impact on the local economy for the past 61 years, with oil and gas prices directly affecting the country's overall health. Oil and gas are vital not just to Nigerian citizens and businesses, but also to the country's international standing. 

Every year, the oil and gas industry invests hundreds of billions of dollars in Nigeria, boosting economic growth. To complement our efforts, we create jobs in a variety of other industries. We offer competitive salaries and support to Nigerian families as they work their way up the economic ladder. 

Our country's lifeline is oil and gas. Since the mid-1950s, oil has been the world's most important source of energy. Its products are essential to our civilization, providing energy to power industry, heat homes, and gasoline for vehicles and planes that transport goods and people across the country and around the world. 

It also enhances our lives by being necessary for the manufacturing of numerous common necessities. Refined oil is used to make practically all chemical products, including plastics, fertilizers, detergents, paints, and even pharmaceuticals, as well as a variety of other items you might not expect. 

Here are some examples of what we owe to the Nigerian oil snd gas sector, every day of our lives:

At school: rulers, crayons, ink and cartridges, glue, coverings on books, binders...

For your health: coatings for pills, binding agent for creams, disposable syringes...

In the home: contact lenses, cosmetics, clothing, fabrics, nail polish, deodorants, shampoo, paint, upholstery and carpets, detergents for washing up and laundry, dry-cleaning fluid...

Out shopping: shopping bags, credit cards, egg cartons, plastic milk bottles

While cooking: non-stick pans, cling film, storage containers.

For building: roofing tiles, pipes, insulating material, paint

On the move: petrol and diesel for cars and lorries, emergency services and trains, asphalt road surfaces

In the office: computer hardware, phones and faxes, diskettes, pens, chairs, printing ink.

At your leisure: CDs, videos, cassette tapes, camera film, artists' paint, bicycle handlebar grips, tyres, crash helmets, football boots, trainers, shin pads, windsurfers, roller blades

Garden: fertilisers, pesticides, garden furniture.

Through its extensive supply chain, the oil & gas industry employs hundreds of thousands of people and makes a major contribution to the Nigerian economy in terms of tax revenues, technologies and exports. Tens of thousands of people work in the oil and gas industry.

As a result, a shortage of oil and natural gas would bring the country (and the world) to a halt. Despite the existence of "renewable" and "sustainable" energy programs, none have been able to provide a considerable amount of energy to the world. Oil and natural gas are the lifeblood of the planet, and without them, many countries would be unable to function on a daily basis. Nigeria is included in this. 

We would swiftly become reliant on foreign supplies if Nigerian oil and natural gas output ceased. And if that happens, the domestic economy will be directly influenced by the price of oil and gas exports. 

Nigeria's economic outlook has been greatly enhanced by the oil and gas industry. Nigeria's oil and gas business is flourishing, allowing the government to export crude oil and natural gas rather than importing it, creating an energy market that would bring money into the country rather than send it out. 

Our community involvement programs through capacity-building – that is, making investments to enhance the essential building blocks of a prosperous society – are at the heart of the oil and gas sector's contribution. Education and training, job development, and health care are just a few of the building pieces that contribute to a healthy society and a good business climate. 

The value of a core business investment is protected and leveraged through capacity-building. All of these factors, taken together – strong company investment, local jobs and content, and community development – are essential for long-term economic success. 

Nigeria's future is inextricably linked to the strength and health of its oil and gas industry. Fortunately, the oil and gas business has been increasing for some time, and we will perform much better with the PIA 2021. 

Let me also say this about the oil and gas business and sustainability: sustainable development is not an option in a world that is becoming more connected and interdependent than ever before. It's a requirement. 

At any time, the contributions of the oil and gas industry to sustainability would be an interesting issue. But it's especially pertinent now, as the global energy market undergoes significant transformation. 

The Sustainable Development Goals (SDGs) are part of the 193 United Nations Member States' September 2015 agreement, "Transforming our World: the 2030 Agenda for Sustainable Development." 

The 17 Sustainable Development Goals (SDGs) are the world's comprehensive strategy for social inclusion, environmental sustainability, and economic development. But, in my opinion, achieving the 17 SDGs by 2030 would necessitate unprecedented engagement and coordination across governments, non-governmental organizations, development partners, the commercial sector, and communities.

 While governments have primary responsibility for prioritizing and implementing methods to achieving the 17 SDGs, the private sector and civil society will play a crucial role in putting our national plans into action. In fact, the government is likely to rely heavily on businesses and investors to help them deliver. 

Nigeria's oil and gas industry has the ability to contribute to all 17 Sustainable Development Goals either by improving good contributions or avoiding or decreasing negative consequences, with proper planning and implementation. 

On a different note, The delivery of reliable, inexpensive energy is one of today's largest problems, both to rising demand and increasingly complicated working settings. 

To begin with, you and I both understand that investment is the bedrock of every long-term firm or economy. Long-term growth necessitates both current operations and future potential. Our sector is also making massive expenditures, fueled in part by rising demand and limited supply. 

These investments have been made over the past 60 years and continue to be made today across the whole oil and gas value chain, including exploration, production, refining, and transportation. As proven throughout time, these investments provide a fantastic basis for stimulating broader economic growth.

 Second, with the backing of the Nigerian Content Act and the PTDF, these investments have been leveraged into the formation of a trained and competent workforce for Nigeria.

 Third, over the years, IOCs and indigenous oil businesses have carefully directed their investment toward the development of local supply chains, which increases job possibilities and supports the Nigerian economy. 

Furthermore, leveraging oil and gas core investment to create jobs in local markets in Nigeria has proved a tremendous multiplier effect throughout our local economy over the years and continues to do so, as well as providing corporations with a devoted Nigerian workforce. 

Simultaneously, countries of the world, such as Nigeria, where energy resources are concentrated, are frequently in desperate need of long-term economic growth. 

Our sector has a responsibility and it is promoting long-term development in methods that are both energy efficient and contribute to the economic and human development of our beautiful nation Nigeria. This is a significant challenge in a society where the population is expanding and the wealth gap is widening. 

In addition, there is a clear link between the Nigerian oil and gas business and the United Nations' 17 Sustainable Development Goals (SDGs), with a shared understanding of how the industry can best promote the achievement of the 17-SDGs. 

The Nigerian oil and gas sector is dedicated to responsible and sustainable business practices, as well as working as a critical partner in reaching the UN's 17 Sustainable Development Goals. 

Economic growth, local content and capacity building, community participation, anti-corruption, health and safety, greenhouse gas (GHG) reduction, and environmental protection are all areas where the oil and gas industry is already making considerable efforts.

 Indeed, as a matter of corporate practice, many Nigerian companies have committed significant resources and efforts to achieving sustainable development. They are not only furthering the UN's 17 Sustainable Development Goals, but they are also developing norms and practices that go far beyond legislative requirements. 

While the examples provided show the various ways the sector is already working to contribute to sustainable development, there is still much more that can and must be done. 

A particular challenge for the industry is its role in climate change. While the oil and gas has enabled industrialization and human development, their use has also contributed to the rise in atmospheric carbon dioxide, which in turn has contributed to a warming of the climate system. 

By endorsing the 2030 Agenda, the world agreed to deliver the 17-SDGs while also addressing the risks of climate change. And the Nigerian oil and gas sector is on top of this as well. 

My emphasis here is that the oil and gas industry must be and is already a key part of the solution to addressing climate change. 

While there is no single pathway to a net-zero GHG emissions future, the Industry at the highest level has presented a number of actions that could contribute to the transition in order to stabilize atmospheric GHG concentrations and global temperatures in line with the Paris climate agreement.

Overall, oil and gas production can foster economic and social development by providing access to affordable energy, opportunities for decent employment, business and skills development, increased fiscal revenues, and improved infrastructure. However, oil and gas development has historically contributed to some of the challenges that the 17-SDGs seek to address.

Let me sum up: as an industry, and as we go beyond this 61st Independence Day celebration, we are uniquely and powerfully positioned to deliver what millions of people in Nigeria and the worldwide long for -- investment . . . jobs. . . a stable environment . . . healthy communities . . . and a vibrant economy.

I am an optimist. I believe that the Nigerian petroleum industry can help millions of people realize a more healthy, environmentally sound and prosperous life. But that cannot happen unless there is responsible and accountable leadership from everyone in the energy value chain – Nigeria as a producing country, consuming countries, national and international companies, policy makers and ‘resource host-communities’.

This leadership must be rooted in action, not words. It is only through accountable, responsible leadership that the economic benefits of the oil, gas and indeed the energy we discover and produce will flow to all stakeholders.

Working together, we can all help build a sustainable future for many millions of people – a future in which all of us can be proud. And I’m glad that the present administration of President Buhari alongside the leadership of the ministry of Petroleum Resources and the agencies Under able leadership of the Hon Minister of State for Petroleum Resources- HE. Chief Timipre is taking that lead and actively showing proofs.

Engr. Justice O. Derefaka

Technical Adviser (TA) on Gas Business & Policy Implementation to The Honorable Minister of State, Petroleum Resources.

Our members not responsible for distortion of LPG market - MOMAN

By Solomon Asowata

The Major Oil Marketers Association of Nigeria (MOMAN) says its members are not responsible for activities distorting the Liquefied Petroleum Gas ( LPG) market which has led to increase in the price of cooking gas across the country.

Mr Clement Isong, Chief Executive Officer, MOMAN, made this known in a statement issued on Tuesday in Lagos.

Isong said  it was untrue that some marketers who are MOMAN members had formed a cartel which engaged in rejecting LPG supply from the Nigeria LNG Limited in their depots.

He said: "MOMAN wishes to state categorically that we are not a cartel, nor do we engage in manipulating prices of any petroleum products. 

"MOMAN strictly adheres to local and international regulations, laws, and best practices to ensure that it is not complicit nor create an impression that it engages in anti-competitive practices such as price fixing and price gouging."

According to him, in the the case of LPG, the market is dominated by local independent marketers.

Isong said the collective market share of MOMAN members either in terms of LPG storage or volume throughput was less than 5 per cent of the Nigerian market.

He added that it was therefore untrue to suggest that MOMAN membership could in any way influence the supply or price of the product.

"Finally, storage facilities for white products have different specifications and safety requirements different from storage facilities and assets for LPG and cannot be interchanged.

 "It is therefore wrong to suggest operationally that a marketer would prefer one to the other.

" A lot of investment in LPG infrastructure still needs to be made, hence government’s policy on the gas infrastructure fund," Isong said.

He commiserated with the Nigerian consumers who are struggling with the high costs of LPG caused by global supply challenges, high international prices, limited availability of foreign exchange and high exchange rates. 

Isong said MOMAN would continue to support government policies that encourage investments in the supply chain which will eventually optimise logistics costs and reduce prices. (NAN)

Ikeja Electric donates educational support materials to Lagos school

By Solomon Asowata

Ikeja Electric Plc has donated educational support materials to pupils of Odi-Olowo Nursery and Primary School, Idi-Oro, a suburb of Mushin in Lagos as part of is Personal Corporate Social Responsibility (PCSR) initiative.

The electricity distribution company made this known in a statement issued on Tuesday in Lagos by its Community and Media Relations Manager, Mr Akinola Ayeni.

The statement said this was in line with the DisCo's commitment to entrenching societal values and stakeholders.

According to the statement, Ikeja Electric has committed over N500 million since inception in philanthropic funding of projects aimed at bringing about social change in communities of operation.

It said the company mobilised its popular social investment vehicle called the ‘Give Back Team’ last week in a display of its usual dedication to touching lives, especially that of under-served communities.

Speaking on the company’s “Back to School” initiative, Business Manager, Shomolu Business Unit, Mr  Olanrewaju Yusuf stated that Ikeja Electric's belief in empowering students for academic advancement was not negotiable.

Yusuf said it would continue to get the utmost priority it deserves from the company. 

He noted that the choice of Odi-Olowo Nursery and Primary School for donation of educational materials was not only to rekindle the hope and interest of Nigerians in public schools but also to drive sustainable development in the educational sector.

 “Ikeja Electric recognises education as a fundamental tool in nation building and will stop at nothing to ensure education takes its rightful place in the country," he said.

Receiving the items, Head Teacher of the School, Mrs Simiat Adesiyan on behalf of the school, expressed gratitude to the Management of Ikeja Electric.

She noted the excitement that pervaded the atmosphere was evidently sufficient to gauge the Children’s satisfaction with the items. 

“I think the world will be better if other private organisations emulate Ikeja Electric’s commitment to touching lives positively”, she remarked. ( NAN)

Equipment: EKEDC urges concerted fight against vandalism

By Solomon Asowata

Lagos, Sept. 27, 2021 (NAN) Eko Electricity Distribution Company (EKEDC) has appealed to customers and the public to join in the fight against vandalism of its electrical installations.

The DisCo made the appeal in a statement issued by its General Manager, Corporate Communications, Mr Godwin Idemudia on Monday in Lagos.

Idemudia said incessant vandalism of electrical installations was one of the biggest challenges of EKEDC and other DisCos.

He said it was responsible for prolonged outages and development of the nation’s power sector.

According to him, it is appalling that while EKEDC is working tirelessly to ensure safe and uninterrupted power supply, some unscrupulous persons are sabotaging these efforts by vandalising
the equipment meant to serve its customers.

“Such acts are against the progress we are making and we will go the full extent of the law to ensure the perpetrators face the full wrath of the law.

“We appeal to our esteemed customers and the public to join us in this fight and report suspicious activities around our equipment to enable us serve them better.

“They can report through 08129929016 or via our whistleblowing email; whistleblower@ekedp.com or any of our social media platforms (Facebook: Eko electricity, Instagram: ekedpng).

“Customers can also report at any of our offices close to them.’’

According to Idemudia, these equipment are jointly owned by the company and customers and it is imperative for both parties to take ownership of securing them as they are partners in progress.

He added that the company needs the support of customers to achieve the overarching objective of a stable and reliable power supply. (NAN)

Expert urges power minister to chart new roadmap for secto

Mr Kola Balogun, Chairman, MEMMCOL

By Solomon Asowata

Lagos, Sept. 20, 2021 (NAN) A power expert, Mr Kola Balogun, has advised the new Minister of Power, Mr Abubakar Aliyu, to chart a new roadmap to address generation, distribution and transmission challenges in the power sector.

Balogun, who is the Chairman, Momas Electricity Meter Manufacturing Company (MEMMCOL) gave the advice in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos.

He said there was need for a roadmap that would clearly define the goals of the power sector after seven years of privatisation without achieving the desired results.

According to him, the minister should engage in consultation with the stakeholders and come up with a comprehensive roadmap that will transform the sector.

Balogun said one of the ways to reposition the power sector was the decentralisation of the national grid.

He said: “Why do we continue to have a single grid that binds all of us together?

“We need to separate it in such a way that any state or local government can go into power generation and distribution to people within its area.

“If the power being generated is not enough, they can even buy from the national grid.

“So, power generation and distribution should be removed from the Exclusive List and moved to the Concurrent List.

“That is why we are advocating for franchising, so that Nigerians will enjoy more supply.

“The entire process should be done in a way that investors are able to get back their funds while their customers will get fair bills in line with global best practices.”

Balogun noted that more investment was needed in the sector to upgrade feeders, transformers and substations across the country.

“If you are given an area to manage and you are bringing your investment, you need to recoup your investment and make profit on your investment.

“Power sector requires long term investments and loans should be considered for investors in the sector bearing that in mind.

The Central Bank of Nigeria (CBN) needs to reorientate the commercial banks on what is required in the power sector and they should key in and become part of the process,” he said.

Balogun also called for an effective regulation of the sector, stressing that the Nigerian Electricity Regulatory Commission ( NERC) needs to be strengthened to carry out its statutory responsibilities.

He said: “NERC must be given the power to sack and appoint heads of power generation, transmission and distribution companies if the need arises just the way CBN is doing in the banking sector.

“There is an element of discipline that is required for us in the sector in order to have a way forward, and this is currently missing.” (NAN) (www.nannews.ng)

Leadership tussle: IPMAN president lauds police for enforcing Supreme Court judgment

By Solomon Asowata 

Mr Chinedu Okoronkwo, National President, Independent Petroleum Marketers Association of Nigeria (IPMAN) has lauded the Nigeria Police Force for its efforts at resolving the association’s leadership crisis.

In a statement made available to the News Agency of Nigeria (NAN) in Lagos on, Friday, Okoronkwo said: “The leadership issue of IPMAN has been settled by a Supreme Court judgement delivered in Abuja on Dec. 14, 2018.

“The judgment read by Justice Musa Muhammad in suit No. SC15/2015 recognised my humble self and Alhaji Danladi Pasali as President and Secretary of IPMAN respectively.”

According to him, acting on this judgment, the police recently invited some persons in the Southeast claiming to be a faction of IPMAN for a meeting over the issue.

Okoronkwo said the move, which was directed by the Inspector General of Police, Mr Usman Baba, was aimed at finding a lasting solution to the leadership tussle.

He said :” We are in a country guided by laws and the judgment of the Supreme Court must be obeyed as the final arbiter of cases in Nigeria.

“However, some marketers in Port Harcourt, Aba, Enugu , Calabar and Makurdi have refused to obey the judgment of the court which prompted the intervention of the police based on the advise of the Attorney General of the Federation.

“The police have therefore invited some marketers from Enugu over this issue.”

The IPMAN president dismissed threats by some of the marketers to withdraw their services in Enugu , Ebonyi and Anambra States following their invitation by the police.

Okoronkwo enjoined IPMAN members to go about their respective businesses without any fear of intimidation.

He said the association would continue to support efforts of the Federal Government to ensure smooth supply and distribution of petroleum products across the country. (NAN) (www.nannews.ng

DPR reopens 8 petroleum depots sealed by LASPPPA

DPR officials unsealing one of the depots shutdown by LASPPPA at Ijegun-Egba, Satellite Town, Lagos on Monday.

By Solomon Asowata

Lagos, Sept. 13, 2021 (NAN) The Department of Petroleum Resources (DPR) on Monday reopened eight petroleum products depots shut down by the Lagos State Physical Planning Permit Authority (LASPPPA) in Ijegun-Egba, Satellite Town area of the state.

Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos Zone, told the News Agency of Nigeria (NAN) in Lagos that the sealing of the tank farms could have led to a huge disruption to the supply of petroleum products across the country.

He said the depots affected were
Wosbab Energy Solutions, Emadeb Energy Services Ltd., Mao Petroleum Ltd., Menj Oil Ltd., Oceanpride Energy Services Ltd.,A.A. Rano Nigeria Ltd.,AIPEC Oil and Gas Ltd. and First Royal Oil Ltd.

According to him, Ijegun-Egba has 13 tank farm operators which receive between 35 per cent to 40 per cent of petroleum products coming to Lagos before being transported to other areas.

Cardoso said: “We were told that LASPPPA sealed the depots today (Monday) for not having their planning permits.

“We don’t believe that is the right approach because these people are providing service to the nation and if you disrupt that service there will be fuel scarcity everywhere.

“This is why we are taking proactive action to immediately reopen the tank farms and if LASPPPA have any issue with the operators they should come to us to see how it can be resolved.”

He maintained that the agency lacked the constitutional power to shut the depots because the industry was clearly under the Exclusive List.

Cardoso said: “Oil and gas business is a regulated environment and we know from the 1999 Constitution that oil and gas are matters within the exclusive legislative List.

“The Federal Government of Nigeria through the National Assembly is endowed with exclusive power to execute on any item on the exclusive list.

“And arising from that constitutional power, the National Assembly enacted the Petroleum Act of 1969.

“This act regulates all matters relating to petroleum such as importation, handling, storage , distribution of petroleum and petroleum products and other flammable oils.

“This act also provides the granting of licence to import, handle, store, sell, distribute any petroleum product in Nigeria.”

He said as a result of this, all persons that engage in the business are licensed by the Minister of Petroleum Resources through DPR.

According to him, the DPR collaborates with other relevant Federal and State Government agencies for requisite permits and approvals before the issuance of the licences.

“So, any issue arising from the licensee you need to call on the licensor who is the federal government; then we will look at the issue and see how we can resolve it,”he said.

Cardoso also emphasised that the revenue collected by DPR on the licences would be shared by the the three tiers of government.

However, a LASPPPA source who spoke to NAN on condition of anonymity, said the agency carried out a similar exercise in the area in 2020.

“We have also had several stakeholders discussion with the tank farm operators over the issue before taking this action, ” the source added. (NAN) (www.nannews.ng)

FG prioritises energy security, transition to cleaner energy — DPR boss

Mr Sarki Auwalu, Director, DPR

) Mr Sarki Auwalu, Director, Department of Petroleum Resources (DPR) says
energy security and transition to cleaner forms of energy remain priorities for the President Muhammadu Buhari-led administration.

Auwalu made the assertion at the hybrid Nigerian Content Development and Monitoring Board (NCDMB) Research and Development Fair on Thursday in Bayelsa.

The News Agency of Nigeria (NAN) reports that the fair has as its theme: ‘Collaboration in Research and Development of the Energy Sector.’

Auwalu said the president had inaugurated the National Oil and Gas Excellence Centre in Lagos with objectives of safety, cost efficiency and value addition, to guarantee energy security for Nigeria.

He said : “As you are aware, energy security and transition to cleaner forms of energy is a priority for the Buhari administration.

“To deepen gas penetration across the Nation, the year 2020-2030 has been declared the Decade of Gas to drive the Gas Expansion Programme, increase LPG penetration, Gas to Power, Gas Based Industries, Gas to People, Auto Gas etc.

“These are to serve as enablers for energy security, jobs creation, poverty eradication, a healthy environment, development of facilities in the gas sector, thereby creating opportunities for collaboration and revenue generation for government.

“The Nigerian Gas Transportation Network Code (NGTNC) provides the contractual framework for gas transportation.

“The National Gas Expansion Programme is aimed at stimulating domestic gas supply demand and oil to gas substitution as transition fuel.”

According to him, the recently enacted Petroleum Industry Act among other things, provides a framework for gas aggregation and penalties for gas flaring.

“Let me reassure you, the Nigeria oil and gas industry is on the path to affordable and reliable energy for all Nigerians, as well as transitioning to cleaner energy in line with net-zero emissions global target.

“I am therefore confident that gas is the future for Nigeria,” Auwalu said.

He noted that it was critical for the global oil and gas industry to remain efficient and innovative in responding to the emergence of cheaper renewables to sustain the relevance of hydrocarbon resources to the global energy mix.

The DPR boss said research and collaboration from all stakeholders were therefore crucial to remain competitive and to meet safe, clean and sustainable energy demands of the future.

Earlier, Mr Simbi Wabote, Executive Secretary, NCDMB, explained that the fair was organised to highlight and emphasise the need for collaboration among stakeholders in overriding national interest.

He listed the achievements of the NCDMB to include establishment of the Nigerian Content Research and Development Council and the 10 years strategic roadmap.

Wabote said it also included creation of $50 million dollars research and development fund, support for local and indigenous research breakthroughs among others

NNPC’S declaration of profits will boost investor confidence, says industry expert

Wilson Opuwei, Chief Executive Officer, Dateline Energy Services Limited

By Solomon Asowata

Lagos, Sept. 8, 2021 (NAN) An oil and gas expert, Mr Wilson Opuwei, says the recent declaration of profit after tax of N287 billion for the year 2020 by the Nigerian National Petroleum Corporation (NNPC) will boost investor confidence in the oil and gas sector.

Opuwei, who is the Chief Executive Officer of Dateline Energy Services Limited, made the assertion on Wednesday in an interview with the News Agency of Nigeria (NAN, in Lagos.

He said the declaration of profit by the NNPC, for the first time in 44 years, should be commended by industry stakeholders and well meaning Nigerians.

“It is great that the NNPC is now opening up its books to auditors for us to see how the company is being run.

“That level of transparency and accountability is what investors looking to invest in Nigeria are interested in.

“For the NNPC to declare profit in its audited reports, is a big plus for the industry because it will attract more investments,” Opuwei said.

He said it was, however, surprising that some people had been criticising the report, without a proper understanding of its significance.

“The critics of the timing of the announcement are only being political, because other National Oil Companies have been declaring their reports in the past.

“What the NNPC management did was to show that they can compete with their peers in the global oil market space and this is very significant, especially with the enactment of the Petroleum Industry Act”, Opuwei said.

He urged the NNPC management to sustain the practice of entrenching accountability in the company’s operations in order to help reposition the oil and gas sector for national development. (NAN)  (www.nannews.ng)

DPR identifies 6 pillars for maximum economic recovery for oil, gas industry

Engr. Sarki Auwalu, Director, DPR

The Department of Petroleum Resources (DPR) has identified six pillars critical to its strategy for Maximum Economic Recovery (MER) for Nigeria's oil and gas industry.

Engr. Sarki Auwalu, Director and Chief Executive Officer, DPR, made the disclosure during a recent meeting with technical teams from the oil and gas industry in Nigeria. 

Auwalu noted that the objective of MER was to maximise the expected net value of economically recoverable petroleum from Nigeria's acreages.

He said the pillars critical to MER are:  Reserves Maturation and Production Optimisation, Exploration and Resources Maturation, as well as Improved Oil Recovery and Enhanced Oil Recovery (IOR/EOR) implementation.

According to him, it also include Asset Stewardship, Performance Evaluation and Rewards and Risk Management.

The DPR boss said this would help protect investments, business continuity and sustainability, improved collaboration and cost reduction in the oil and gas sector.

Auwalu said the Federal Government, through the MER strategies, was targeting to increase the nation's oil reserves from 36.91 billion barrels to 50 billion barrels in the short to midterm.

He said the government was also targeting increasing Nigeria's proven gas reserves from 206.53TCF to 250TCF.

Auwalu said as part of the MER's strategy, the DPR has initiated an 

an annual awards for companies, projects or individuals who have added value to the Nigerian terrain through improved and enhanced recovery of the country's oil and gas resources.

He said :"  As the part of the government's obligation,  it will encourage investment in Nigeria by creating a stable, competitive and  predictable business environment.

"The government will encourage existing technologies to be deployed to full effect to maximise full economic recovery of Nigerian resources.

"The government will also promote active exploration for new oil and gas resources in Nigeria and facilitate timely and effective data sharing."

The Director said it would greater access to the timely and transparent data be necessary for a competitive market.

He added that the DPR would work closely with industry stakeholders to deliver MER through collaborations, communication, cooperation and coordination.