FG Gives Update On Infrastructure Projects At Gas Investment Forum

Mohammed Shosanya

The second edition of the Gas Investment Forum is scheduled to take place in Lagos,between October 22nd and 24th, 2024.

The Federal Government of Nigeria, through the Ministry of Petroleum Resources,is partnering with organizers to host the event,according to a statement.

At the Gas Investment Forum 2024, the Ministry is expected to provide a comprehensive update on critical infrastructure projects, such as the Ajaokuta-Kaduna-Kano (AKK) gas pipeline and the expansion of Nigeria’s liquefied natural gas (LNG) facilities.

These developments are crucial for enhancing energy security and promoting the industrialization of the Nigerian economy.

The forum, inspired by Nigeria’s vast gas resources and its potential to drive economic growth, industrialization, and sustainable development, serves as a pivotal platform for engagement.

It brings together government leaders, CEOs, development finance experts, investors, and service providers to foster conversations, collaborations, and connections that address current investment needs and accelerate opportunities for a gas-powered economic future.

Under the theme “Powering Nigeria’s Gas Future,” the Gas Investment Forum 2024 is expected to welcome over 600 delegates, establishing itself as a hub for sustainable investment in the African gas market this October.

“It is my pleasure to express support for this important event. The program’s theme and agenda aligns well with the federal government’s policy aspirations as articulated by the Ministry of Petroleum Resources,” – Ambassador Nicholas A. Ella, Permanent Secretary of the Ministry of Petroleum Resources.

The Ministry, instrumental in shaping Nigeria’s energy policy, will provide a detailed presentation of its recent achievements and unveil upcoming strategies aimed at advancing the nation’s gas industry.

This year’s forum is poised to be a major event for the sector, focusing on critical topics such as energy security, industrialization, and economic growth.

The Ministry’s participation underscores the Nigerian government’s ongoing commitment to utilizing the country’s substantial gas resources as a cornerstone for economic diversification and sustainable progress.

“We commend the Ministry of Petroleum Resources and the Permanent Secretary for their support and active participation in championing sustainable long-term investment in Nigeria’s gas sector while paving the way for robust socioeconomic development in Nigeria and West Africa.” said Gas Investment Forum Event Director, Osaze Isesele. “We are encouraged by this partnership and look forward to Nigeria’s leadership in advancing gas development at this year’s Gas Investment Forum,”

The Gas Investment Forum is a landmark event accelerating West Africa’s gas revolution.

Positioned at the forefront of the gas industry, the forum emphasizes the crucial role Nigeria’s gas plays in global energy dynamics, focusing on African-led dialogue and decision-making.

By covering the entire gas value chain, the forum serves as a vital platform for engagement, bringing together government leaders, CEOs, development finance experts, and investors.

It addresses current investment needs and accelerates opportunities to drive toward a gas-powered economic future.

Ogun Communities Kick Against Hike In Electricity Tariff

Mohammed Shosanya

Some aggrieved communities in Ota area of Ogun State have decried the high electricity tariff, as a result of the Band A grading.

They urged the Ibadan Electricity Distribution Company (IBEDC) review their cadre to a more reasonable tariff.

About 31 communities under the aegis of Ota Area Community Development Committee (OACDC) said the electricity tariff now gulps a large chunk of the resident’s income at the detriment of other basic needs and necessities of life.

Some of the residents said they now spend above N35,000 monthly to buy power for a three bedroom apartment, instead of about N10,000 paid before the introduction of bands.

In a later dated August 06, 2024 and addressed to the Managing Director, IBEDC; Chairman, Ado Odo Local Government and National Electricity Regulatory Commission, Senator Olamilekan Solomon (YAYI), Olota of Ota and House of Reps member, Hon.Tunji Akinosi, the group said some people have started moving out of their communities, both tenants and landlords, as a result of high electricity tariffs.

The letter jointly signed by Chairman, OACDC, Alhaji Fatai Aina,
General Secretary, Electricity Committee, Mr Alao Salimon and 31 others from various affected communities, craved for a lower electricity tariff or redeployment to Band B.

“It is our belief that a lower electricity tariff or redeployment to Band B will go a long way to make life bearable to majority of our members, reduce incidence of meter bye pass by some unscrupulous people and lead to increase in the level of your revenue generation, as CDAs will be able continue to monitor the level of compliance with the electricity rules and regulations put forward by your company (IBEDC).”

They noted that, “the communities have made sacrifices to provide electricity infrastructure through self efforts, such as erection of concrete poles, underground cables, provision and installation of transformers, conductors among others and maintenance without the input of your organisation (IBEDC) or any government agency.

“This is no doubt a capital project which our communities had to undertake to enable us get out of darkness and live a better life when nobody was ready to help us. Having gone through all of these we believe that at this stage we ought not to be going through this current excruciating pain in paying electricity bills due to high tariff occasioned from Band A from your company,”

“Consequently, we the executive committees of these CDAs hereby request on behalf of our people that your distribution company restores us back to the former tariff that we were enjoying before the introduction of band A or redeploy us to band ‘B’ as we can no longer afford the high rate. This decision has been ratified by the residents in our various CDAs and agreed upon at our general meeting since we are no longer comfortable with band A,”

NESG Laments Mining Sector’s Impact On Revenue, GDP

Mohammed Shosanya

The Nigerian Economic Summit, has lamented the impact of the country’s mining sector on Nigeria’s Gross Domestic Product,GDP.

The group said,the sector’s contribution to the GDP accounts for less than one percent despite the Federal Government’s ongoing efforts to revitalise the mining industry since 2005—through modernising mining policies, laws, regulations, and investing in geoscience data.

At the pre-30th Nigerian Economic Summit (#NES30) webinar on Tuesday, the NESG noted with concern the sector’s low contributions to employment, revenue, and exports, coupled with significant environmental, social, and economic impacts, which highlight the urgent need for comprehensive reform.

The group advocated the need for urgent comprehensive reform in the mining sector.

Speaking,Engr. Mansur Ahmed, Private Sector Co-Chair of the MMPC Steering Committee, emphasised that the pre-summit webinar was crucial for developing policy options to unlock the full potential of Nigeria’s economy.

He acknowledged the vast potential of the mining sector, which remains unrealised due to challenges such as conflicts, terrorism, banditry, and inadequate sectoral reforms.

He also highlighted the importance of aligning Nigeria’s mining sector with the African Mining Vision (AMV), a policy framework adopted by the African Union in 2009, aimed at ensuring that the continent’s mineral resources contribute significantly to sustainable development.

In his presentation,Professor Peter Akper, disclosed the untapped potential of Nigeria’s mineral resources, which could significantly boost GDP, revenue earnings, and foreign exchange, if properly harnessed.

He noted that while reforms were initiated to reposition the sector, challenges such as security concerns, weak regulatory enforcement, and illegal mining activities have hampered progress.

He called for stronger collaboration between the Federal Ministry of Solid Minerals and the Bureau of Public Enterprises (BPE) to implement structural reforms that could potentially increase GDP by 2.35%, create jobs, diversify government revenue streams, and attract foreign investments.

In his keynote address, Mr. Mkhululi Nkosilamandla Ncube, Programmes Officer at the African Minerals Development Centre (AMDC) of the African Union Commission, underscored the AMDC’s commitment to mainstreaming the AMV across African nations.

He said that the AMV is designed to help countries maximise the benefits of mining, facilitating industrialisation and broader socio-economic development.

Mr. Ncube highlighted that Nigeria, as one of the founding members of the AMDC and a recent signatory to the AMV, is well-positioned to leverage these opportunities for growth and transformation.

During the panel session, Dr. Ogbonnaya Orji, Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), presented key findings from NEITI’s Solid Minerals Audit Reports, which identified governance, procedural, and operational shortcomings within the mining sector.

He emphasised the need for comprehensive reforms, drawing parallels with the successful implementation of the Petroleum Industry Act.

Mr. Ayodeji Ariyo Gbeleyi, Director General of the Bureau of Public Enterprises (BPE), shared insights from the BPE’s experience in reforming key economic sectors such as communications, electric power, petroleum, and transport.

He provided a framework for how similar reforms could be applied to the mining sector.

Prince Adetokunbo Kayode, President of the Nigeria Private Sector Alliance, and Mr. Dele Ayanleke, National President of the Miners Association of Nigeria (MAN), also contributed to the discussions, highlighting the current operating environment in the mining sector and the increasing challenges posed by regulatory interference at the subnational level.

Mrs. Amina Sijuwade, Director of Iron Ore Mining Ltd, emphasised the need for a stronger legal and regulatory framework, better sectoral administration, and improved access to geoscience data to attract investment and drive growth in the mining sector.

The NESG said it remains committed to driving conversations that will lead to the transformation of Nigeria’s mining industry, aligning it with the AMV, and ensuring that the country benefits from its vast mineral wealth.

The webinar event focused on, “Leveraging the African Mining Vision for Nigeria’s Mining Industry Transformation and Growth.”

Group Unveils Solar System To Stop Vandalism, Oil Theft In Niger Delta

Mohammed Shosanya

The Youths and Environmental Advocacy Centre (YEAC-Nigeria), a non-governmental organisation,has launched a sustainable solar power system for domestic and industrial use.

The development marks a significant milestone in the fight against energy poverty and environmental degradation in the Niger Delta.

The 90.12kwh capacity solar powered system was designed and installed by YEAC-Nigeria through its subsidiary, YEAC Community Energy and Development and YEAC-UK is expected to empower the local economy, improve healthcare, education, and overall quality of life for the community.

At the commissioning on Monday, the Executive Director of YEAC-Nigeria, Mr. Fyneface Dumnamene Fyneface, said YEAC’s electrification of Umuolu was just the beginning of his organisation’s mission of promoting sustainable development and environmental stewardship across the Niger Delta region.

He explained that the primary purpose of the facility was to support government efforts in mitigating pipeline vandalism, crude oil theft, artisanal refineries, and environmental pollution by offering alternative livelihood opportunities powered by renewable energy for artisanal refiners and the youths.

He emphasised that alternative livelihood opportunities and youth empowerment were among the many solutions in the Niger Delta, however called upon stakeholders to support and continue to invest in the innovative initiative.

He said: “The primary purpose of this facility is to support the government’s and other organisation’ sefforts to mitigate pipeline vandalism, crude oil theft, artisanal refineries, and associated environmental pollution in the Niger Delta by offering alternative livelihood opportunities powered by renewable energy and thereby reinforcing positive behaviour for environmental protection and sustainability.

“The idea of contributing to Nigeria’s oil theft mitigation mechanisms through community energy for households and its productive use also posited that with households powered, people would no longer use illegally refined petroleum products, particularly DPK and PMS, to energise their homes. This would shrink the market for illegal refiners and reduce incidents of pipeline vandalism, crude oil theft, artisanal refineries, and environmental pollution, as their supply chain and demand would drastically drop in communities with clean, renewable, and sustainable solar electricity.

“Technically, the design of this mini-grid allows for a full capacity of 90 kwh, which can connect at least 262 houses, including businesses in Umuolu, with potentials for expansion based on observed increased energy consumption levels.

He further stated:”Generally across the Niger Delta, including Umuolu, and in line with our government-approved mandate “to campaign against oil theft, artisanal refineries, and pollution,” we have earmarked 10 solar mini-grids for installation in different communities without electricity in the next couple of years to effectively strengthen our contributions to the fight against pipeline vandalism, crude oil theft, artisanal refineries, and environmental pollution through alternative livelihood opportunities powered by clean and renewable energy for artisanal refiners and youths.

“With the successfully installation, operation and inauguration of Umuolu solar mini-grid today, YEAC-Nigeria has increased the list of its initiatives aimed at oil theft mitigation mechanisms for Nigeria which include our proposed Presidential Artisanal Crude Oil Refining Development Initiative (PACORDI) that recommends the innovation and legalization of artisanal refineries, Network on Organised Crime in Nigeria and the Gulf of Guinea (NOCINAG) which has been modified by President Bola Tinubu, GCFR for establishment as ECOWAS Standby Force (ESF), initiation of National Conference on organized Crime in Nigerian and the Gulf (NOCACINAG) as a platform for annual deliberations on ways to tackle organize crime in Nigeria and the West African Subregion.”

The environmental justice campaigner, who solicited support to extend the initiative to other communities in the Niger Delta, noted that the initiative has the capacity to dissuade illegal oil bunkering and vandalising in the Niger Delta region.

“With additional funding, YEAC-CEAD can also expand its efforts to assist Umuolu youths in establishing and growing small and medium-scale enterprises powered by this mini-grid. This will not only provide them with sustainable livelihoods but also help dissuade them from engaging in illegal artisanal refineries, which have devastating impacts on our environment, health, and the livelihoods of our fishermen and farmers.

“Together, we can create a future where renewable energy powers our community, empowers our youth to engage in meaningful economic activities, and protects our environment for future generations.”

Earlier, President General of Umuolu Development Union, Engr. Isicheri Stanley Tabowei, lauded Youths and Environmental Advocacy Centre, their partners and contractor, NXT Grid Nigeria and the Netherlands, for their support and collaboration in making the project a reality.

Tabowei said the community which is over 700 years old had never experienced electricity other than from generators.

“The commissioning of the solar-powered mini-grid marks a new era of energy independence and environmental stewardship. By harnessing the abundant power of the sun, we not only ensuring a consistent and sustainable energy supply but also reducing carbon footprint. This project aligns perfectly with our national goals of promoting green energy and combating climate change.

“This electrification project will provide numerous benefits to our community. It will power homes, businesses, schools, churches, the hospital, fostering economic growth and improving the standard of living for our people. This project is not just about electricity; it is about creating opportunities, transforming lives and taking our children away from societal ills.

“Furthermore, this initiative sets a powerful example for future projects like telecommunication, road construction and others. It demonstrates that with innovation, determination and collaboration, we can overcome the challenges of our time and build brighter future for all.

“As we commission this solar powered mini-grid, let it be known that Umuolu community committed no funds in the execution of this project. I thank the “Uti family” and community leadership for making the parcel of land where this project is located free of charge to YEAC and Nxt Grid. I believe very strongly that, there would be a replication of this in some of our neighbouring communities,” he added.

Sustain War Tempo Against Crude Oil Theft, Kyari Tells Military

Mohammed Shosanya

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited,Mr. Mele Kyari,has implored the military to sustain the war against crude oil theft and pipeline vandalism in the country.

He said the current onslaught against the menace has yielded improved growth in the nation’s crude oil production.

Kyari made this appeal when he received in audience the Chief of Defence Staff, General Christopher Musa who led senior military officers on a courtesy visit to the NNPC Towers in Abuja, on Tuesday, according to a statement signed by Olufemi Soneye
Chief Corporate Communications Officer,NNPC Ltd.

“I personally call for enhanced and sustained security engagement. This is because we have reached a new peak in production that we haven’t seen in the last three years. This is clearly related to the sustained efforts by the armed forces and other security agencies to protect our critical assets, particularly the pipeline infrastructure in specified areas where we are working closely with these agencies. We are already seeing the results transforming into increased production,” Kyari stated.

The statement quoted Kyari to have commended General Musa and his team for their unwavering commitment to securing the nation’s critical hydrocarbon assets especially in the Niger Delta region in recent months.

He emphasized that these achievements are not only crucial to Nigeria but also to the global energy community.

He expressed confidence that the CDS and his team will deliver on the Presidential mandate to mitigate security-related challenges affecting the nation’s crude oil production.

“Components of this effort that depend on security are being effectively managed by you. Your coordinated and focused response is paving the way for improved security engagement, particularly in the Niger Delta,” he said.

Earlier in his remarks, General Musa said the visit was intended to introduce the Monitoring Team to the NNPC Ltd, which will be responsible for interfacing with the Company and other stakeholders in the oil-producing regions to secure the nation’s critical hydrocarbon infrastructure.

Pledging commitment towards improving security and the performance of his troops,the CDS said the military will sustain the onslaught and analyse the troops’ capabilities to enhance their performance and bolster productivity.

He emphasized the need to ramp up production for a prosperous economy and reassured collaboration with intelligence agencies, private security, state governments and host communities for enhanced performance.

He added:”Working in silos won’t give us the best results. I want to assure you that we will collaborate with the necessary stakeholders to achieve our set targets as mandated by Mr. President.”

Oyo Commences Artificial Insemination Training For Farmers,Govt Officials

Mohammed Shosanya

Oyo State government has commenced artificial insemination training for over 100 livestock farmers in its efforts to boost dairy production as well reduce the cost of meat which is the major source of protein.

Participants at the training include; local farmers, university students, government officials and veterinary technician

The state government through its Agribusiness Development Agency (OYSADA) is currently embarking on the training for the farmers drawn from all the geo-political zones of the state which is aimed at enhancing knowledge on artificial insemination process of livestock production efficiency across the state.

The training workshop is part of OYSADA’s broader agribusiness policy, which seeks to address rising beef prices that have impacted consumers and farmers alike.

The program is a national project supported by the World Bank which onboarded Oyo state through the Oyo State Livestock Productivity and Resilience Support Project (L-PRESS) tagged “Training of Livestock Entrepreneurs and State-Level Officers On Artificial Insemination across Focused Livestock Species.

Addressing newsmen at the 5-Day intensive theoretical and practical training which started on Monday at the International Institute of Tropical Agriculture (IITA), Ibadan, Dr Debo Akande, the Executive Adviser to Oyo state Governor on Agribusiness International Corporation and Development, who also doubles as the Director General of Oyo State Agribusiness Development Agency (OYSADA) noted, artificial insemination (AI) remains the in-thing across the globe in terms of high yield of livestock production.

He explained that artificial insemination has been done in all the developed countries of the world and that such practice in line with global best practices was not peculiar to Nigeria while stressing that such practice has been ongoing in those countries for many years with testaments of success.

Dr Akande maintained that by adopting advanced reproductive technologies in livestock production such as artificial insemination procedure, Oyo state was already on a path to improving the quality and quantity of beef and cow milk production, thereby making it more affordable for residents.

According him,the training focuses on the technologies and techniques of artificial insemination, a method that allows for the controlled breeding of livestock with superior genetics, such that accelerates the growth of high-quality cattle herds, increase overall productivity, and ensure a more consistent beef and cow milk supply.

Stressing the significance of the training, Dr Akande said artificial insemination represents a leap forward in livestock management and that, by equipping farmers with these skills, the governor Makinde led administration is not only boosting production but also supporting the state’s economic stability.

The training program covered essential topics including reproductive health, semen collection and storage, and insemination techniques. Participants also engaged in hands-on practice to ensure proficiency in the field.

Expressing appreciation to the state governor, Seyi Makinde, for his visionary leadership and approval for the training workshop, Dr Akande noted that the program marks the beginning of a new livestock project in the state that would ensure that residents have access to better quality beef and cow milk in the market at affordable prices.

“We have been rearing goats and cattles for a very long time but we have not been doing it the right way it should be done the modern way. As said earlier, if we want to start getting the best results on our livestock, we need to start adopting modern technologies and techniques. And modern technologies for livestock we’re referring to are many, one of it is what we’re doing training on today which is about Artificial Insemination (AI).

“If we used to get milk of two litters from one animal before, by understanding how to do an artificial insemination of cross breeding, we can start looking at the possibility of getting milk of around nine litters per cow. So, this is about productivity for our livestock where we would be getting more. The meat that we would be getting from these animals will be better meat and then our farmers engaging in livestock will get more money but if we’re talking about Artificial insemination, if we don’t have people that are experts in it, how will they inseminate?

“It’s not all insemination of animals that yields success, but by training these people now, we will have a database of people that can train in artificial insemination and the second thing is that we have people that can do artificial insemination better than the way it used to be done.” Dr Akande said.

Speaking on opening up more opportunity for others outside of Ibadan, the state capital to have access to such critical training, Dr Akande said: “We will be training participants that cuts across all the geopolitical zones of Oyo state so, this is not just about Ibadan alone, it’s going to be held at all the other zones so that if anybody wants to do artificial insemination in any of the zones, they would know who to contact and where to go to do that.

“When we are talking about technologies, these are not just what people wake up one day to say let’s use, it’s something that has gone through rigorous scientific testing for diverse reasons; environmental, health, and so on, and concluding results have shown to us that it is environmentally safe, health wise, it is safe for animals and human consumption, so it does not have any negative impact as being speculated by some people.

“This is just a usual situation such as what would have happened in the normal mating of animals that is now happening through artificial procedures. Even we human being do this to have children when we go for IVF medical procedure.

“At one of the state’s Agribusiness hubs such as Fashola farms in Awe, Oyo, investors and private farmers there are already producing more litters of milk than what they used to have, and in that same hub at Fashola, local people are being trained and they’re now applying the knowledge at their different farms. Dr Akande added.

Participants at the training workshop also expressed diverse expectations and optimism about the program’s potential benefits to them as individuals and the state as a whole.

The State Coordinator Livestock Product Support Project, Mr. Kola Kazeem said, cost of meat in the market would soon reduce because of the ongoing enhanced animal reproduction in the state while noting that the training workshop was the second of its kind since Oyo state was on-boarded at the national level.

The lead resource person at the event, Professor Olofisayo Leigh from the Department of Veterinary, University of Ibadan (UI) lauded the vision by the state government to key into what he also described as the in-thing globally in terms of livestock production for increased meat and cow milk production.

“I’m here for the AI training which is a core area of my professionalism and I’m the lead trainer of this event. I’m here to train them on artificial insemination (AI). AI is a leading technology in animal reproduction. If you want any turn around in animal reproduction, you have to go the way of AI. It’s an assisted reproduction technique and all it does is about cross breeding.

“It’s about improving the breed. The best we can get from our indigenous cattle rear is about 3 to 4 litters of milk in a day whereas in other climes, they get up to 20 to 40 liters of milk in a day. If we have to feed the people in this nation, we have the route of AI.” Professor Leigh said.

Speaking on behalf of members of Oyo Assembly House committee on Agriculture and Rural Development, Honourable Jimoh Lukmon Isola, representing Oorelope state constituency,said the committee was present at the training as part of its oversight function, and commended governor Makinde for his pragmatic approach to governance while also commending OYSADA for the program assuring that the state would immensely benefit from the training in terms of output.

Hydrogen Launches Healthy Business Initiatives To Promote Wellness Of Business Owners

Mohammed Shosanya

Hydrogen Payment Services Company Limited (Hydrogen), a payment services company,has announced the commencement of its “Healthy Heart, Healthy Business” initiative.

This significant initiative highlights Hydrogen’s commitment to promoting heart health awareness among business owners and professionals, focusing on the importance of managing high blood pressure (BP) and overall heart wellness, a statement said on Tuesday.

The initiative kicked off at the Hydrogen Head Office, Plot 1618 Danmole Street, Victoria Island, Lagos, where business owners and professionals were invited to participate in free heart health checks and other health assessments.

According to the statement,this program aims to equip the business community with vital knowledge and resources to maintain heart health, emphasising its critical role in ensuring business success.

Key features of the initiative include on-the-spot blood pressure checks for attendees, identifying potential heart health risks, and encouraging early intervention.

Informative sessions highlighted the importance of monitoring blood pressure and maintaining a healthy heart, with participants gaining valuable insights from healthcare professionals. Educational materials on healthy living and stress management were also distributed, providing ongoing support for maintaining heart health.

Obinna Ojekwe, Brands and Marketing Lead at Hydrogen, emphasised the prevalence of hypertension in Nigeria and the low level of awareness, particularly among the business community.

“The ‘Healthy Heart, Healthy Business’ initiative is a crucial step in addressing hypertension awareness. Hydrogen is committed to driving this cause among its merchants and the wider business community, advocating for regular health checks, and promoting a healthy lifestyle,” said Ojekwe. “Heart health is essential for business owners to contribute meaningfully to their business growth and overall success.”

Zainab Abu, Head of Merchant Services at Hydrogen, expressed her enthusiasm for the initiative, stating, “At Hydrogen, we believe that a healthy business starts with a healthy business owner. The launch of our ‘Healthy Heart, Healthy Business’ initiative is a testament to the importance of health awareness in our community. We are dedicated to making a positive impact by providing essential health checks and promoting wellness among business owners.”

Hydrogen’s commitment to Environmental, Social, and Governance (ESG) principles is evident in this initiative. By addressing the health needs of business owners, Hydrogen not only promotes individual well-being but also contributes to the overall sustainability and productivity of the business ecosystem.