Business
Nigeria, Algeria, Niger Move to Revive $13bn Trans-Saharan Gas Pipeline as Demand Pressure Mounts
Nigeria, Algeria and Niger Republic on Monday moved to reactivate the $13 billion Trans- Saharan Natural Gas Pipeline (TNGP) project as demand pressure continues to mount from within the continent and Europe.
A planned natural gas pipeline from Nigeria to Algeria, the idea of the trans-Saharan pipeline was first proposed in the 1970s and the project was first seen as an opportunity to diversify the European Union’s gas supplies.
In 2002, the Nigerian National Petroleum Company (NNPC) Ltd., and the Algerian national oil and gas company, Sonatrach signed a Memorandum of Understanding (MoU) while the feasibility study was completed in September 2006.
The pipeline, of which the Nigerian section has been named the Ajaokuta-Kaduna-Kano, starts from Warri and runs north through Niger to Hassi R’Mel in Algeria where it will connect the existing Trans-Mediterranean, Maghreb–Europe, Medgaz and Galsi pipelines.
With an approximate length of 4,128 kilometres, including 1,037 kilometres in Nigeria, 841 kilometres in Niger, and 2,310 kilometres in Algeria, the annual capacity of the pipeline is estimated to be up to 30 billion cubic meters of natural gas.
Speaking during a meeting with ministers of energy of participating nations on the revamping of the project in Abuja, Minister of State, Petroleum, Mr Timipre Sylva, noted that the completion of the project was long overdue.
He stated that the project which has been on the drawing board for years, needed to be actualised, especially given that gas prices have skyrocketed.
He added that with pressure from Europe to ramp up supply to the continent against the backdrop of the Russia-Ukraine war, given that gas has become a weapon of international war, has become critical.
More than ever before, Sylva noted that the project needed to be fast-tracked, stressing that on the side of Nigeria, the AKK was already in full swing.
“We as Africans should show the world that we can come together and build major infrastructure like the TNGP to signal that Africa has come of age because this kind of regional integration project is the kind that the world wants to see,” he noted.
Sylva stressed that a lot of financing organisations were interested in the project, describing it as a very viable one with Nigeria’s proven reserve of roughly 206 TCF and an upside of 600TCF.
According to him, when the gas from Niger, Algeria and Niger are properly harnessed, it will add significantly to world supply and put the continent on the world map.
“This is the beginning and we would like to see this as the last mile of this project so that we can actualise the project as soon as possible,” the minister stated.
In his comments, the Algerian Minister of Energy and Mines, Mohamed Arkab, noted that the TSGP will have a significant and positive impact on the socio-economic development of African countries.
He explained that the reactivation of the project would help achieve carbon neutrality in the short term, but added that a global and efficient energy transition cannot take place without the contribution of hydrocarbons.
“The TSGP project is in line with our national objectives and our international commitments in reducing the carbon footprint and securing the supply of natural gas to markets.
“The TSGP presents itself as a new source of supply for markets whose demand is constantly growing, given the place that natural gas will occupy in the future energy mix.
“Counting on the know-how of our countries in production, transport and marketing fields, it is obvious that the TSGP project, with the advantages it can provide, will further strengthen our production capacities and enhance our capabilities to play a major role in the international markets,” he said.
Among others, he said the advantages of the development that the project will bring to the local populations and to the various transit regions are a route crossing three countries and which able to interconnect other countries.
He invited all the parties and teams to participate actively in the realisation of the important project, within the required deadlines, to ensure the supply of the markets and make sure of a a better positioning of African countries in the chessboard world of energy transition and sustainable development.
Also in his remarks, the Group Executive Director, Gas and Power, Mr Abdulkabir Ahmed, who represented the Group Managing Director of the NNPC, Mallam Mele Kyari, pledged Nigeria’s commitment to seeing the project to a logical conclusion.
He said that the NNPC will ensure that the resources needed to make the project a success will be made available, pointing out that the gas that will flow into the pipelines will be made available in due time.
“The only way to commercialise this gas is to provide it for the market and you cannot find a market if you don’t get it in the pipelines. Therefore, the TNGP is important and we also want to put it on record that funding remains important to the success of this project.
“ This project will curtail desertification, grow domestic economies,” he assured, adding that the ministers wills decide whether the MoU earlier entered still holds.
Also speaking, Niger’s SONIDEP head, Ibrahim Mamane, stressed that the country was ready to operate in the upstream sector, adding that Niger has a very huge potential in the sector.
Business
Businesses count losses amid power outage in Bauchi, Gombe, and Jigawa
Business owners in Bauchi, Gombe and Jigawa are recording losses due to week-long blackout ocassioned by vandalism of the power transmission line in parts of northern Nigeria.
The sudden disruption in electricity supply in the past days, also affected essential services such as water, sanitation, street lighting and healthcare delivery as most hospitals have been operating without light.
Some of the affected businesses including shop keepers, millers and artisans, who spoke while reacting to a survey by the News Agency of Nigeria (NAN), described the situation as “pathetic”.
The survey examined the perennial collapse of national grid and the need for alternative power supply in the country.
Rice millers in Gombe had decried the impact of the erratic power supply on their businesses.
A Miller, Musa Arab, at Nassarawo Industrial Layout in Gombe, said the trend was crippling their operations as they relied on electricity supply from the grid to process paddy.
He said the mills were not operational power outage as they could not afford exorbitant pump prices of petrol or diesel to run their machines.
This, he said, reduced the volume of rice supply to the market and posed serious challenge to food security.
“We must invest in power because it is the biggest determining factor for industries to thrive.
“I have over 20 workers in my mill, and we have 100 mini rice mills here, so you can imagine those who have no jobs for the past 10 days.
“Government must go tough on those responsible for the perennial grid collapse because some persons may be benefitting from it,” he said.
Also, Yusuf Ibrahim said the situation might trigger the already fragile inflation, as prices of local varieties would shot up ocassioned by the diminish supply.
He said that some had jerked up their charges to cover the expenses on diesel thereby affecting rice prices.
A check by NAN at the Gombe Main market showed that a 100 kilogramme of rice was sold for between N120,000 and N160,000, as against N110,000 and N150,000, before the blackout.
Mr Usman Sani, a rice dealer, attributed the hike in price to low supply of the produce to the market in spite of the number harvest recorded this cropping season.
He said the prices had decreased slightly at the onset of the harvest, however, it showed sprawling increase due to power outage.
“The price of rice is already dropping as a result of harvest but the trend reverse since the blackout in the past days “ he said.
Ugochukwu Daniel, a bartender in Bauchi, decried the epileptic power supply in the country, adding that lack of durable energy supply would retard Nigeria’s quest to attain social and economic greatness.
Daniel said that she spent much on fuel to run power generator for refrigrator and lightening the beer parlour, to enable her to keep the business running.
He said that businesses could only thrive in an enabling environment with stable electricity supply, to enhance wealth creation and reduce poverty among Nigerians.
“My trade is about chill drinks and it survives on electricity to operate otherwise you will out of bussiness.
“Without electricity there is nothing you can do, and not only business but about everything. We depend on it,” he said.
Similarly, Samuel Adamu, said the persistent power outage had forced him to patronised charcoal for ironing clothes in spite of its high cost and cumbersome processes.
He said that most cleaners in the area had resorted to fabricated iron charcoal in spite of hike in its prices which suddenly jumped from N5,000 to N15,000.
Adamu said the situation also encouraged division of labour in laundry to cut cost and make some gains.
“Presently, I do wash the cloth, and engage someone for ironing. The charge is N300 per set as against N150”.
While advocated development of renewable energies to enhance power supply in the country, Adamu urged security agencies to entensify efforts towards electrical installations in the country.
In the same vein; Mr Muhammad Adamu, Chairman, Jigawa State House Assembly Commitee on Power and Energy, said the Jigawa Electricity Law 2024, made sound provisions to improve power generation and distribution in the state.
This, he said, was an offshoot of the devaluation brought about by the 5th alteration of the constitution, where removed power from the executive legislative list and to the concurrent list.
“It empowered the state houses of assembly to enact laws on power.
“The committee has also carefully pursued the bill and reviewed its structure and the promise it holds for the state power sector, infrastructure and the overall economy of the state.
“The new law will pave way for the establishment of Jigawa Electricity Commission, to regulate the state’s electricity market,” he said.
According to Adamu, the law will protect residents and investors in the energy sector through ensuring prepaid meter installation and possibility of recouping investor’s funds as well as address vandalism.
“The law will lead to provision of reliable, affordable and sustainable power, essential for development of all sectors of the economy, particularly in rural areas,” Adamu said.
“Vandalism will be over because we pay Kano Electricity Distribution Company (KEDCO) money for powered supplies, but whenever there is problem of damages or broken down transformers, it is either the communities or individuals that pay for the repairs”.
Business
Mercedes urges delay of EU tariffs on Chinese electric vehicles
The head of German luxury carmaker Mercedes-Benz, has called for the European Union to de-escalate the dispute with China over tariffs on electric cars.
“We need more free trade instead of new trade barriers.
“That is why it is important to find a solution that suits both the EU and China,” chief executive Ola Källenius told the Monday edition of Bild newspaper.
“The negotiations for this take time. In order not to jeopardise them, the EU should postpone the enforcement of the planned tariffs,’’ he said.
At the start of the month, a majority of EU countries paved the way for additional tariffs of up to 35.3 per cent on battery-powered electric vehicles imported from China.
Germany, however, voted against the measure amid concerns over retaliatory actions which could hurt the country’s giant car industry.
The European Commission had pressed for extra tariffs after an investigation accused Beijing of subsidising domestic electric car manufacturers, and thus distorting the market in the EU.
But whether the import tariffs would actually come into force at the beginning of November is still up to the commission.
The plans can still be dismissed if Brussels reaches a solution with China at the negotiating table.
Business
ACCI moves to promote business connections, balance work-life
The Abuja Chamber of Commerce and Industry (ACCI), is taking innovative steps to enhance professional relationships and promote a healthy work-life balance.
The President of ACCI, Dr Emeka Obegolu, said this in a statement on Tuesday in Abuja.
Obegolu said ACCI was committed to creating environments where professionals could connect beyond the confines of traditional boardrooms.
He said the upcoming “Business Meets Golf’’ Tournament epitomises this vision.
“Scheduled for Oct. 18 to Oct 19 at the IBB Golf Club, the tournament will gather industry leaders, top executives, and key decision-makers for a unique networking experience.
“This two-day event aims not only to strengthen business ties but also to foster partnerships that can drive economic growth.
“The ACCI’s initiative reistates the importance of maintaining a balance between professional achievement and personal well-being.
“By encouraging corporate cultures that prioritise relaxation and self-care, the Chamber acknowledges that such balance is vital for productivity and overall success,” he said.
According to Obegolu, the event will feature a range of activities designed to facilitate both business engagement and relaxation.
“Highlights include a Business-to-Business (B2B) cocktail on the first day, followed by the golf tournament and additional networking opportunities on the second day.
“The tournament will culminate in an awards ceremony recognising outstanding golfers among the participants.
“‘Business Meets Golf’ exemplifies our dedication to fostering innovative networking opportunities.
“We aim to create spaces for meaningful discussions that can lead to impactful collaborations,” Obegolu said.
The ACCI boss said in addition to promoting business connectivity, the council aimed to restate the importance of relaxation and a balanced lifestyle.
Obegolu said through events like this, the Chamber continued to play a pivotal role in supporting trade and industry in Nigeria while driving sustainable growth within the private sector.
He said to raise awareness about this landmark event, ACCI was partnering with the News Agency of Nigeria (NAN) and Media Trust Limited, to ensure broad visibility and engagement from leading brands.
The Abuja Chamber of Commerce and Industry (ACCI), is taking innovative steps to enhance professional relationships and promote a healthy work-life balance.
The President of ACCI, Dr Emeka Obegolu, said this in a statement on Tuesday in Abuja.
Obegolu said ACCI was committed to creating environments where professionals could connect beyond the confines of traditional boardrooms.
He said the upcoming “Business Meets Golf’’ Tournament epitomises this vision.
“Scheduled for Oct. 18 to Oct 19 at the IBB Golf Club, the tournament will gather industry leaders, top executives, and key decision-makers for a unique networking experience.
“This two-day event aims not only to strengthen business ties but also to foster partnerships that can drive economic growth.
“The ACCI’s initiative reistates the importance of maintaining a balance between professional achievement and personal well-being.
“By encouraging corporate cultures that prioritise relaxation and self-care, the Chamber acknowledges that such balance is vital for productivity and overall success,” he said.
According to Obegolu, the event will feature a range of activities designed to facilitate both business engagement and relaxation.
“Highlights include a Business-to-Business (B2B) cocktail on the first day, followed by the golf tournament and additional networking opportunities on the second day.
“The tournament will culminate in an awards ceremony recognising outstanding golfers among the participants.
“‘Business Meets Golf’ exemplifies our dedication to fostering innovative networking opportunities.
“We aim to create spaces for meaningful discussions that can lead to impactful collaborations,” Obegolu said.
The ACCI boss said in addition to promoting business connectivity, the council aimed to restate the importance of relaxation and a balanced lifestyle.
Obegolu said through events like this, the Chamber continued to play a pivotal role in supporting trade and industry in Nigeria while driving sustainable growth within the private sector.
He said to raise awareness about this landmark event, ACCI was partnering with the News Agency of Nigeria (NAN) and Media Trust Limited, to ensure broad visibility and engagement from leading brands.
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