Connect with us

The nation

Domestic gas optimisation key to energy transition — Sylva

Published

on

The Federal Government said it would optimise the country’s abundant gas resource to achieve transition to low carbon energy sources.

Timipre Sylva, Minister of State for Petroleum Resources, said this assertion at the 2021 Society of Petroleum Engineers, SPE, Nigeria Annual International Conference and Exhibition, NAICE, on Tuesday in Lagos.

According reports, the conference has as its theme: “The Future of Energy – A Trilogy of Determinants: Climate Change, Public Health, and the Global Oil Market.”

Mr Sylva said: “The scenario being projected by some energy experts is that energy transition to low carbon energy sources would make the world a better living place with a cleaner climate.

“I believe so too, likewise the Government of Nigeria.”

He, however, faulted the assumption that the transition to the use of low carbon energy solutions must happen simultaneously across the globe.

The minister noted that those pushing for the move failed to take into account the different socio-economic, political and developmental peculiarities of individual nations.

“Let me state categorically that our approach towards the climate-change-net-zero-emission debate is to optimise the use of our abundant gas resource domestically as a transition fuel option towards meeting our Nationally Determined Contributions on climate change.

“As a government, we are determined to encourage more penetration of natural gas and its derivatives for domestic utilisation, power generation, gas-based industries and propulsion in all aspects of the national economy.

“This would in a fundamental manner address the great challenge posed by volatile oil market, the environmental issues and public health concerns,” said Silva.

He said it was obvious that the world was migrating from a fossil fuel-based economy to renewable energy.

This, he added, had engendered a corresponding decline in hydrocarbon including possible divestiture in the sector as deliberate frameworks were being championed to discourage extraction of carbon-laden resources.

The minister noted that the COVID-19 pandemic had further exacerbated the investment decline.

Mr Sylva said the government was, therefore, collaborating with its global partners in exploring policies, technologies and investments.

He said this was aimed at addressing the challenge of migrating from carbon dependent fuels in order to meet its commitment to the Paris Agreement.

“It is our belief that the distinguished Society of Petroleum Engineers (SPE) will be in the forefront of our quest to achieve the desired balance of clean environment, safe public health and a renewed global oil market.

“This SPE Annual International Conference and Exhibition will be an appropriate platform to bring to the front-burner the critical discussions that would forge a robust and implementable clean energy solutions pathway for Nigeria,” the minister said.

The Chief Executive Officer of Seplat Petroleum Development Company Plc, Roger Brown, said the company was committed to the aspirations of Nigeria and would continue to invest towards the objective.

Represented by Effiong Okon, Executive Director of Operations, Seplat, Mr Brown, commended the government for initiating projects and programmes to boost gas development in Nigeria.

He said the programmes included the National Gas Expansion Programme, National Gas Transportation Network Code and Nigeria Gas Flare Commercialisation Programme.

According to him, the construction of infrastructures such as the NLNG Train 7 Project, Ajaokuta- Kaduna-Kano, AKK, and the Obiafu-Obrikon-Oben, OB3, pipelines will help deepen gas utilisation in Nigeria.

Mr Brown said Seplat would continue to make investments to support the vision of the government, adding that the company was currently supplying 30 per cent of gas to the electricity sector.

NAN

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Africa

Customs hands over illicit drugs worth N117.59m to NDLEA

Published

on

Customs hands over illicit drugs worth N117.59m to NDLEA

The Nigeria Customs Service (NCS), Ogun Area 1 Command, has handed over illicit drugs worth N117.59 million to the National Drug Law Enforcement Agency (NDLEA).

The Comptroller of the command, Mr James Ojo, disclosed this during the handing over of the drugs to Mr Olusegun Adeyeye, the Commander of NDLEA, Idiroko Special Area Command, in Abeokuta, Ogun, on Friday.

Ojo said the customs handed over the seized cannabis and tramadol tablets to the Idiroko Special Command for further investigation in line with the standard operating procedures and inter-agency collaboration.

He said the illicit drugs were seized  in various strategic locations between January and November 21, 2024, in Ogun State.

He added that the illicit drugs were abandoned at various locations, including the Abeokuta axis, the Agbawo/Igankoto area of Yewa North Local Government Area, and Imeko Afton axis.

Ojo said that the seizure of the cannabis sativa and tramaling tablets, another brand of tramadol, was made possible through credible intelligence and strategic operations of the customs personnel.

“The successful interception of these dangerous substances would not have been possible without the robust collaboration and support from our intelligence units, local informants and sister agencies.

“These landmark operations are testament to the unwavering dedication of the NCS to safeguard the health and well-being of our citizens and uphold the rule of law,” he said.

He said the seizures comprised 403 sacks and 6,504 parcels, weighing 7,217.7 kg and 362 packs of tramaling tablets of 225mg each, with a total Duty Paid Value of N117,587,405,00.

He described the height of illicit drugs smuggling in the recent time as worrisome.

This, he said, underscores the severity of drug trafficking within the borders.

“Between Oct. 13 and Nov. 12 alone, operatives intercepted a total of 1,373 parcels of cannabis sativa, weighing 1,337kg and 362 packs of tramaling tablets of 225mg each,” he said.

Ojo said the seizures had  disrupted the supply chain of illicit drugs, thereby mitigating the risks those substances posed to the youth, families and communities.

He lauded the synergy between its command, security agencies and other stakeholders that led to the remarkable achievements.

Ojo also commended the Comptroller General of NCS for creating an enabling environment for the command to achieve the success.

Responding, Adeyeye, applauded the customs for achieving the feat.

Adeyeye pledged to continue to collaborate with the customs to fight against illicit trade and drug trafficking in the state.

Continue Reading

Economy

Customs intercepts N30m worth of PMS in Operation Whirlwind

Published

on

The Nigerian Customs Service (NCS) on Friday said that it had intercepted 849 kegs of Premium Motor Spirit (PMS), worth over N30 million in retail price from Operation Whirlwind.

The Comptroller of Customs, Hussein Ejibunu, made this known during a news conference in Ikeja.

“Today, we have another seizure of 849 kegs of PMS containing 25 litres each. This translates to 30,225 litres with duty paid value at N30.225 million only at the NNPCL retail price.

“Today marks yet another success recorded by the operatives of Operation Whirlwind, Zone “A” Lagos/Ogun Axis.

“About five weeks ago, same PMS products were displayed before you here on the parade ground of the college where several seizures were made,” Ejibunu said.

“On this note, we wish to thank the National Security Adviser and the Comptroller-General of Customs for their unwavering support,” Ejibunu said.

The coordinator of the Operation Whirlwind said that two vehicles of means of conveyance were intercepted along with the seizures.

Ejibunu said that they evacuated 80 Jerry Cans each from a vehicle.

He assured the public that Operation Whirlwind remains steadfast in its efforts to clamp down on PMS smugglers, ensuring no room for their illegal activities nationwide.

Continue Reading

Africa

Ann-Kio Briggs Faults Tinubu for Scrapping Niger Delta Ministry

Published

on

Prominent Niger Delta human rights activist and environmentalist, Ann-Kio Briggs, has criticised President Bola Tinubu’s decision to scrap the Ministry of Niger Delta, describing it as ill-advised and detrimental to the oil-rich region.

Briggs expressed her concerns during an appearance on Inside Sources with Laolu Akande, a socio-political programme aired on Channels Television.

“The Ministry of Niger Delta was created by the late (President Umaru) Yar’Adua. There was a reason for the creation. So, just removing it because the president was advised. I want to believe that he was advised because if he did it by himself, that would be terribly wrong,” she stated.

President Tinubu, in October, dissolved the Ministry of Niger Delta and replaced it with the Ministry of Regional Development, which is tasked with overseeing all regional development commissions, including the Niger Delta Development Commission (NDDC), North-West Development Commission, and North-East Development Commission.

Briggs questioned the rationale behind the restructuring, expressing concerns about its feasibility and implications. “But that’s not going to be the solution because who is going to fund the commissions? Is it the regions because it is called the Regional Development Ministry? Is it the states in the regions? What are the regions because we don’t work with regions right now; we are working with geopolitical zones,” she remarked.

She added, “Are we going back to regionalism? If we are, we have to discuss it. The president can’t decide on his own to restructure Nigeria. If we are restructuring Nigeria, the president alone can’t restructure Nigeria, he has to take my opinion and your opinion into consideration.”

Briggs also decried the longstanding neglect of the Niger Delta despite its significant contributions to Nigeria’s economy since 1958. “The Niger Delta has been developing Nigeria since 1958. We want to use our resources to develop our region; let regions use their resources to develop themselves,” she asserted.

Reflecting on the various bodies established to address the region’s development, Briggs lamented their failure to deliver meaningful progress. She highlighted the Niger Delta Basin Authority, the Oil Mineral Producing Areas Development Commission (OMPADEC), and the NDDC as examples of ineffective interventions.

“NDDC was created by Olusegun Obasanjo…There was OMPADEC before NDDC. OMPADEC was an agency. Before OMPADEC, there was the Basin Authority…These authorities were created to help us. Were we helped by those authorities? No, we were not,” she said.

Briggs further described the NDDC as an “ATM for failed politicians, disgruntled politicians, and politicians that have had their electoral wins taken away from them and given to somebody else.”

Her remarks underscore the deep-seated frustrations in the Niger Delta, where residents continue to advocate for greater control over their resources and improved governance.

Continue Reading

You May Like

Copyright © 2024 Acces News Magazine All Right Reserved.

Verified by MonsterInsights