Energy

The Nigerian National Petroleum Company (NNPC) Ltd has signed a memorandum of understanding (MoU) with Daewoo Group, a South Korean conglomerate, for the rehabilitation of the Kaduna refinery.

According to a statement by Femi Adesina, special adviser to the president on media and publicity, the agreement was signed on the sidelines of the 2022 World Bio Summit on Thursday in Seoul, South Korea 

 “The President was particularly excited as the signing came against the backdrop of ongoing rehabilitation works at Warri refinery by the same Daewoo Group which will at the first instance, deliver fuels production before the first half of 2023,” the statement read in part.

At the signing, Buhari said, “Daewoo Group has massive investments in the automobile, maritime and other sectors of our economy.

“I am also aware that Daewoo is currently engaged in the execution of the NLNG train seven project and also constructing sea-going LPG vessels for NNPC and her partners.”

He said he looked “forward to the delivery of ongoing projects, especially at the Warri and Kaduna refineries, and the NLNG Train Seven,” stressing that “This no doubt will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria.”

“I thank you for your faith in Nigeria,” Buhari told the Korean conglomerate at the end of the signing ceremony on the last day of his visit to the Asian country to attend the First World Bio Summit.

Culled / Titilayo Kupoliyi

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Energy

The House of Representatives Ad-hoc Committee on Fuel Consumption has begun the assessment of the volume of petroleum products being consumed in the country on daily basis.

Chairman of the Committee, Representatives, Uzoma Abonta, led other members of the committee on an oversight visit to tank farms in Calabar.

The lawmakers were conducted around the farms by Mr George Ene-Ita, Regional Coordinator, Nigerian Midstream and Downstream Petroleum Regulatory Authority, South-South Regional Office, Calabar.

Mr Abonta said that in view of the current debate on whether fuel subsidy should be removed or not, the House of Representatives set up the committee to ascertain product consumption in the country.

According to him, the report of the committee will be used by the House as an indicator to perfect the issues surrounding the subsidy.

“We are trying to find out the volume of product being consumed in the country daily. This report will be used by the House of Representatives as an indicator to perfect other issues”.

“Subsidy has become a topical issue that has bedevilled Nigeria for a long while and you cannot get or calculate subsidy without knowing the actual volume.

“From what the Nigeria Customs Service had told us about products getting into our neighbouring countries, if that is true, then it is not part of what we claim we consume,” He said.

He said that part of the committee’s mandate was also to find out the exact volume of product brought into the country.

FRCN Abuja

Energy

The Osun State Command of the Nigeria Security and Civil Defense Corps, NSCDC says proactive intelligence is needed in the fight against the distribution of adulterated fuel

A statement by the Corps spokesperson Mrs Olabisi Atanda reveals that the Osun State Commandant of the Corps, Mr Agboola Sunday stated this when he hosted the leadership of the Nigeria Union of Petroleum and Natural Gas, NUPENG in Osogbo.

Mr Sunday noted that the distribution of adulterated fuel was a deliberate attempt to endanger public security, sabotage the economy and the well-being of the people.

He solicited the support of fuel transporters in the area of information to arrest those engaging in adulteration of fuel and those distributing them.

In his response, the Acting Chairman NUPENG, Osun State Chapter, Comrade Festus Omotosho Ishola, commended the gallantry of the Corps in the fight against vandalism. 

He lauded the Corps’ cooperation and strong relationship with the association. 

Comrade Omotosho reiterated that NUPENG would continue working with the NSCDC in the fight against economic sabotage.

Adenitan Akinola

Energy

President Muhammadu Buhari has officially unveiled the Nigerian National Petroleum Company Limited, in line with the provisions of the Petroleum Industry Act, 2021.

The unveiling, which took place earlier on Tuesday at the State House, Abuja, was aimed at promoting transparency, accountability and energy security.

President Buhari described the unveiling as a landmark event that will enable NNPC to compete with other developed countries globally.

The Act enables NNPC Limited to run a commercial and profit-focused operation as an organisation under the Companies and Allied Matters Act (CAMA).

The event was attended by Senate President, Ahmed Lawan, Speaker of the House of Representatives, Femi Gbajabiamila, Minister of State for Petroleum Resources, Timipre Sylva and the Group Managing Director of NNPC, Mele Kyari, Secretary to the Government of the Federation, Boss Mustapha and other players in the oil and gas sectors.

FRCN Abuja/Adetutu Adetule

Energy

Federal government has announced the restructuring of five electricity distribution companies, also known as DISCOs.

This was contained in a statement jointly signed on Tuesday by the Executive Chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, and Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh.

According to them, the affected companies are Kano Electricity Distribution Company (KEDCO), Ibadan Electricity Distribution Company (IBEDC), Benin Electricity Distribution Company (BEDC), Kaduna Electric, and Port Harcourt Electricity Distribution Company (PHED).

Garba and Okoh explained that the announcement followed Fidelity Bank’s activation of the call on the collaterised shares of KEDCO, BDEC, and Kaduna Electric over their inability to repay loans obtained to pay for assets acquired in the 2013 privatisation exercise.

They added that the Asset Management Corporation of Nigeria (AMCON) would be a placeholder board for IBEDC, while the PHED undergoes restructuring to prevent its imminent insolvency.

The NREC and BPE chiefs said the new boards for the affected discos have been approved and the bureau was collaborating with Central Bank of Nigeria (CBN) and Ministry of Power to ensure no service disruptions during the transition.

Read the statement announcing the restructuring below:

Today we were informed by Fidelity Bank that it has activated the call on the collateralized shares of Kano, Benin, and Kaduna (Fidelity and AFREXIM) DISCOs and that they have initiated action to take over the Boards of these DISCOs and exercise the rights on the shares.

Fidelity Bank’s action is a contractual and commercial intervention and is between the Core Investors in the DISCOs and the lender. BPE is involved because of the 40% shareholding of Government in the DISCOs. Fidelity Bank has informed us that the new Board members of the affected DISCOs will be as follows:

– Kano DISCO:

Hasan Tukur (Chairman),

Nelson Ahaneku (Member)

Rabiu Suleiman (Member)

– Benin DISCO:

KC Akuma (Chairman)

Adeola Ijose (Member)

Charles Onwera (Member)

– Kaduna DISCO:

Abbas Jega (Chairman)

Ameenu Abubakar (Member)

Marlene Ngoyi (Member)

BPE has nominated Bashir Gwandu (Kano), Yomi Adeyemi (Benin), and Umar Abdullahi (Kaduna) as independent Directors to represent Government’s 40% interest in the three DISCOs respectively, during this transition.

We are engaging with the Central Bank of Nigeria (as the banking sector regulator) to ensure an orderly transition and to ensure that Fidelity Bank does not hold the DISCOs’ shares in perpetuity.

It is envisaged that the majority interest in the entities would be sold to capable private sector investors willing and able to re-capitalize and manage the entities efficiently.

We have also received assurances that Fidelity Bank will participate fully in all the ongoing market initiatives aimed at improving the sector (e.g. National Mass Metering Program).

In the interim, NERC and BPE met on an Emergency Basis and activated the Business Continuity Process andand have appointed interim Managing Directors in the affected DISCOs.

Kano Disco – Ahmad Dangana
Benin Disco – Henry Ajagbawa
Kaduna Disco – Yusuf Usman Yahaya
Also, with the takeover of Ibadan DISCO by AMCON, BPE has obtained approval from NERC to appoint Kingsley Achife as interim Managing Director.

In a temporary capacity the leadership of AMCON will be a placeholder Board for the Ibadan franchise (Ahmed Kuru – Chair, Eberechukwu Uneze – Member, Aminu Ismail – Member). Oluwaseyi Akinwale will represent the interest of Government on the Board alongside the DG of BPE.

Lastly, we are re-structuring the Management and Board of Port Harcourt DISCO to forestall the imminent insolvency of the entity.

As a condition for support to the entity to meet its market obligations, Iboroma Akpana will take over as the Chairman of the Board. Emmanuel Okotete, Eyo Ekpo, Ismaila Shuaibu and the DG of BPE will form the interim Board. Benson Uwheru will take over as the Managing Director of PHEDC as part of the changes.

Government will support the activation of Emergency funds through the Nigerian Electricity Market Stabilization Facility to support the entity while it goes through restructuring and repositioning to serve the citizens of the franchise area better.

We are working with the Minister of Power to ensure no service disruptions during these transitions. We remain committed to supporting the Nigerian Electricity Supply Industry to serve Nigerians better.

Tribune Online / Titilayo Kupoliyi

Energy

The Secretary-General of the Organisation of Petroleum Exporting Countries, Muhammad Barkindo, is dead.

Barkindo died late Tuesday.

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, announced Barkindo’s death in a tweeted posted to his verified Twitter handle, @MKKyari, in the early hours of Wednesday.

“We lost our esteemed Dr Muhammad Sanusi Barkindo. He died at about 11pm yesterday 5th July 2022. Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community. Burial arrangements will be announced shortly,” Kyari tweeted.

The President, Major General Muhammadu Buhari (retd.), had, on Tuesday, honoured Barkindo, describing him as a worthy ambassador of the country, at the State House, Abuja

Reacting to Barkindo’s death, a former lawmaker in the eighth Assembly, Senator Shehu Sani, tweeted to his Twitter page, “Muhammad Sanusi Barkindo, former GMD NNPC and until recently, @OPECSecretariat scribe, was honoured yesterday. He died 11pm yesternight. May Allah grant him Aljanna firdausi. Amin. That is the ephemerality and transience of life.”

Details later.

Punch / Titilayo Kupoliyi

Energy

The Independent Petroleum Marketers Association of Nigeria on Wednesday warned members of the association not to dispense Premium Motor Spirit, popularly called petrol, above the approved N165/litre pump price.

IPMAN in conjunction with the Association of Distributors and Transporters of Petroleum Products gave the warning in Abuja following reports that many retail outlets had adjusted the price in their various pumps upwards above the government-regulated rate.

The factional National President, IPMAN, Chinedu Okoronkwo, admitted that members of the association had called for a hike in petrol price, but noted that the Nigerian National Petroleum Company Limited had released enough petrol.

He said, “Our members in Lagos were getting the fuel at N170 – N173/litre, that’s why they wanted price increased. It is only the NNPC that is importing the product. The cost of doing business has changed, so it becomes difficult to sell at N165/litre

“That is why we are thanking the NNPC for bringing the product to N143/litre. So, our members must sell the product at N165 which is the government-approved price.”

Okoronkwo further revealed that IPMAN and its partner had engaged the services of Benham Group to recover money owed them for the supply of petroleum products.

“Our business requires technology, that is why we brought a seasoned financial expert and we’ve been able to recover a lot of funds in other countries and Nigeria,” he said.

The IPMAN official added, “The incessant mishaps and destruction of trucks on the road, banditry and kidnapping is the reason we are bringing the insurance company to help us. Leaving the risk for the owner of the truck to bear will affect our businesses.”

On his part, the National President, Association of Distributors and Transporters of Petroleum Products in Nigeria, Mohammed Danzaki, said the NNPC had done a lot to import the product, “but the main issue is the transportation.”

He added, “We have not been getting our payments. That is why we engaged a financial expert, Benham Group, to recoup our money for Nigerians to get regular supplies in the fuel stations.”

The Chairman, Benham Group, Maurice Ibe, said the collaboration was to ensure the stabilisation of fuel supply at the filling stations.

Punch / Titilayo Kupoliyi

Energy

Independent Petroleum Marketer Association of Nigeria, IPMAN, wants Federal Government to find a lasting solution to the hike in petroleum products.

The chairman of IPMAN in Oyo and Osun states, Alhaji Bukola Mutiu stated this in Ibadan while featuring on Radio Amuludun FM weekly programme entitled ‘Ifiorowero’.

Alhaji Mutiu, who attributed the low supply of the product to nonavailability, maintained that in a bid to cushion the effect there was the need for government to resuscitate the moribund refineries across the country.

The IPMAN boss also emphasized the need for NNPC and other stakeholders in the petroleum sector to prevent private marketers from monopolies the supply of the product by creating a level playground in ensuring the availability of the product.

Commenting on the inconsistency in the price of diesel and gas, Alhaji Mutiu pointed out that the recent increase in the price of diesel would drastically affect companies if not addressed by the government.

Alhaji Mutiu urged NNPC to pay all outstanding debts to ensure an increase in the supply of fuel.

Oladipupo Ayokunnu

 

 

Energy

As Nigerians are grappling with the harsh economic situation, long queues of vehicles have resurfaced again at filling stations in some states in the Southwest.

Oyo

In Ibadan, the capital of Oyo State, residents have continued to experience difficulties to get the premium motor spirit, known as petrol.

Radio Nigeria Correspondent who monitored the situation in the metropolis gathered that many of the petrol stations were under lock while those that opened to customers had long queues of vehicles, motorcycles and jerry cans.

Some motorists, who spoke under anonymity, lamented the frustration the development had caused them.

They explained that some of the filling stations had started selling the product at between 170 and 180 naira per litre as against the former 165 naira per litre. 

The motorists called on government to address the situation before it becomes worse.

They complained that the current economic situation confronting the citizens was enough to grapple with maintaining that the situation called for urgent attention of the Federal government as the oil and gas sector was witnessing a dwindling crisis. 

When contacted, the Nigeria Oil Mainstream and Downstream Regulatory Authority, Oyo State office promised to call back and comment on the issue.

At Moniya, Sango, Eleyele, Dugbe and Polytechnic Road, residents were seen carrying jerry cans while there were long queues of vehicles at most of the filling stations in the areas to purchase the commodity being sold above the official pump price.

Diesel was also being sold beyond the official rate.

At the moment, the prices of diesel and gas have astronomically increased. Before now, diesel was being sold between N650 and N750 per litre while gas which cost N750 per kg now sells for N1000, and kerosene, N500 per litre.

A motorist at one of the filling stations monitored by Radio Nigeria reporter, Mr Bisi Oladimeji lamented that constant fuel scarcity in the country was compounding the suffering of Nigerians.

A manager in one of the filling stations in Ibadan revealed that the sudden long queues might be connected to non importation of petrol due to debt government owed independent depot owners.

The Independent Petroleum Marketers of Nigeria (IPMAN), Southwest zone had earlier in a statement said it would direct its members to increase pump price of petrol to one hundred and eighty naira if the appropriate regulatory agency of government fail to address the issue of irregular supply of petroleum products to its member.

Tawakalit Ibrahim/Lekan Ademokoya/Saka Olayiwola

Ogun

Vehicle queues have returned to filling Stations within Abeokuta Metropolis due to reported possible increment in Petroleum pump price.

Our correspondent who monitored the situation across the capital city reports that petrol, also called premium motor spirits, PMS, is available in most of the filling stations and are being sold at the recommended one hundred and sixty-five naira per litre rate.

It was observed that the queues are not long while only a few filling stations are selling petroleum products without queues.

An independent marketer along Abiola Way, Mr. Micheal Adejumo while speaking on the situation said people were only buying in panic anticipating a possible pump price increase.

He stated that the reported increment was inevitable as the price of petroleum products has increased in the international market.

A commercial vehicle driver in the queue at one of the filling stations along Oke Itoku Area, Mr. Abeeb Gbadela said he was trying to fill up his vehicle before the possible new price regime.

He called on the government to ensure the availability of the product due to the effects scarcity will have on the economy.

Wale Oluokun

Osun

Residents of Osun state want the Federal government to take proactive steps to end incessant increases in fuel pump prices.

They made the call in Osogbo, Ilesa and Ile-Ife while speaking with Radio Nigeria on the backdrop of the statement by the Southwest zone of the Independent Petroleum Marketers Association of Nigeria, IPMAN, to direct its members to increase petrol pump price to 180 naira per litre.

A motorist in Osogbo, Mr. Mayowa Ojo said increasing the price of petroleum motor spirit also known as petrol would impact negatively on the economy and the lives of the people.

Mr. Ojo noted that many manufacturing companies are already folding up due to the high cost of production, saying an additional burden in terms of fuel price increase would affect the nation’s economy.

Also speaking, a trader, Mrs. Kafayat Adeoba in Ilesa said Nigerians were going through a hard time with the present prices of foodstuffs and other services, hence the need for the Federal government to prevent another economic hardship in the country.

A visit to some filling station in Osogbo, Ilesa and Ife indicates that some marketers have changed their pump prices to between 170 and 175 naira per litre of petrol from 165 per litre, while diesel is now sold at 800 naira per litre from 750 naira per litre.

It will be recalled that recently the chairman of IPMAN, Southwest zone, Alhaji Dele Tajudeen, in a statement directed its members to increase petrol pump price to n180 per litre as the price of diesel per litre would equally be increased.

Funmi Adekoya

Ondo

Long queues are gradually building up in petrol stations in Akure, the Ondo State capital signalling the likelihood of another fuel scarcity.

Radio Nigeria correspondent, who went round the metropolis, observed that most filling stations on the major roads were under lock.

At Alagbaka and Oba-Ile areas, only a few filling stations were despising fuel as at this morning while only one station opened on the whole of Ilesa road in the long queue.

The story was the same at Ondo road as only three petrol stations opened for business.

Some motorists, who spoke with Radio Nigeria, called on the Federal Government to avert another fuel scarcity in the masses.

A resident, Mrs. Stella Oyebiade said there was no need for marketers to force a scarcity on the public if they wanted to increase the price as being speculated.

Energy

FG Directs NNPC To Implement ECOWAS-Morocco-Europe Gas Pipeline

The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco.

Africa’s gas resources are increasingly in the spotlight as the European Union looks to wean itself off Russian supplies following the invasion of Ukraine in February.

Approval for a memorandum of understanding on the gas project with West African regional bloc ECOWAS was given after the Federal Executive Council meeting, Petroleum Minister Timipre Sylva told reporters in Abuja late Wednesday.

Nigeria is Africa’s top oil producer and a major supplier of gas and liquefied natural gas.

“This gas line will take gas to 15 West African countries and to Morocco and through Morocco, to Spain and to Europe,” Sylva said.

He added the project was in a design phase and details including cost and funding were still being worked out.

“It is only after the engineering design of the pipeline that we will know exactly (what) the cost of the pipeline will be. When that time comes, we will be talking about funding,” he said.

Four years ago, Morocco’s King Mohammed VI and Nigerian President Muhammadu Buhari agreed to move ahead with the mega-project to carry gas along the Atlantic Coast, after an initial deal was signed in 2016.

Under the deal, both countries plan to extend the pipeline that has been pumping gas from Nigeria to Benin, Togo and Ghana since 2010.

Plans for a pipeline to take Nigeria’s gas resources to North Africa have long been discussed, and Algeria has also held talks with Nigeria for a similar project crossing the Sahel region.

Nigeria is a member of the OPEC group of major oil producers and has huge gas resources — the largest proven reserves in Africa and the seventh largest globally.

Channels TV / Titilayo Kupoliyi

Energy

The dream of residents of Oyo town and environ to enjoy a better electricity power supply seems to be on the verge of fulfillment following the long-awaited arrival of vital equipment needed at the 132/133 KVA transmission substation under construction in the area.

The gigantic equipment hauled on a long flatbed carrier fitted with eighty tyres caused traffic gridlock and attracted public attention as it passed through the ancient town.

Radio Nigeria’s correspondent who visited the site of the substation along Oyo-Iseyin road gathered that the project was nearing completion as other equipments such as control panels and towers were already on the ground.

Meanwhile, Chairman, Oyo Metropolitan Development Association, Archbishop Ayo Ladigbolu has demanded a greater demonstration of the spirit of communal self-help from the people as the government alone could not bear the entire cost of the project.

Kayode Oguntona.

Energy

Governor Oluwarotimi Akeredolu of Ondo State has again warned petrol dealers in the state to stop hoarding the product and sell at the approved pump price.

The governor gave the warning while on an unscheduled inspection to a filling station suspected to be hoarding the product in Oke- Aro area of Akure.

Governor Akeredolu who was in the company of the state special task force frowned at the action saying such had caused untold hardship to the people.

The leader of the task force and special assistant to governor Akeredolu on special duties, Dr Doyin Odebowale alleged the owner of the filling station of hoarding the product and also dispensing it to residents above the approved pump price.

After confirming the availability of the product, governor Akeredolu directed the sale of the petrol at the approved pump price of one hundred and sixty five naira per litre to the public.

Isaac Afolabi

Energy

Motorists in Oyo town are gradually heaving a sigh of relief as more filling stations have petrol to sell, although not at the government-regulated price.

As a result, the long queue which characterized fuel sales in the ancient town up till last weekend has disappeared, except at four popular filling stations selling the product for one hundred and sixty-five naira per litre.

Our correspondent reports that at other stations, petrol now sells for between two hundred and twenty naira and three hundred naira per litre; although it is higher at black markets located along Idigba – Ibadan expressway.

Our correspondent also reports that commuters are still groaning under hiked intra city transport fare amidst fears by residents that the situation was tending towards an announcement of new fuel prices by the government.

Some of the residents who expressed concern over the careless attitude of people to safety while handling petrol advised the government against price increase at this time.

Kayode Oguntona.

Energy

The Nigeria Labour Congress NLC has called on government to address issue of fuel scarcity in the country as a matter of urgency.

The NLC Chairman in Ekiti State Comrade Kolapo Olatunde made the call in a statement in Ado-Ekiti.

According to Comrade Olatunde, “The untold hardship created by fuel scarcity in our clime is becoming unbearable on the masses, No one seems to understand the truth of the root cause”.

“Is it the presence of methanol as adulteration as being speculated by some people? Or scarcity due to recent resistance to jacking up the PMS pump price”?

“It is an embarrassment that the citizens of a Nation blessed with crude oil are suffering queueing till eternity for petrol on daily basis without any form of solace”.

The NLC Chairman said it was high time government at all levels found lasting solutions to the problem in order to make life bearable for citizens.

Comrade Olatunde also called on the Ekiti state government to address incessant hold up at Adebayo road, Ado-Ekiti by deploying relevant enforcement agents to maintain law and order on the route.

The Ekiti State NLC Chairman also demanded regular payment of salary and deductions, implementation of 2017, 2018, and 2019 promotions and commencement of promotion exercise for 2020 and 2021, and payment of leave bonuses.

Other requests of the union include a complete implementation of minimum wage for levels 13 to 17 and payment of pensioners’ entitlements, in order to cushion the effect of the current hardship on residents of Ekiti State.

Niyi Alade

Energy

A tanker loaded with thirty-three thousand litres of petrol Tuesday caught fire at SAO filling station located along challenge-toll gate road, Ibadan, Oyo state. 

Radio Nigeria Correspondent who was at the scene of the fire said the inferno began around noon when the petrol tanker was about to deliver fuel to the filling station.

Some roofs of the filling station were also destroyed by the fire.

Some witnesses who spoke with Radio Nigeria Correspondent said if not for the quick intervention of both the state and federal fire services, the whole filling station would have been razed.

As at the time of filing this report, the petrol tanker was still burning and the fire servicemen have been putting in frantic efforts to quench the inferno.

Meanwhile, security operatives have prevented vehicular movements from Challenge area, while motorists have been advised to take alternative routes.  

Olaoluwa Fawole

Energy

The Ibadan Electricity Distribution Company (IBEDC), has re-launched the Meter Assets Providers Scheme (MAPS), which will enable electricity consumers to pay upfront for energy through the prepaid meter option.

This followed the directive of the National Electricity Regulatory Commission, NERC, that electricity consumers should be given the choice to purchase meters.

The Chief Operating Officer (COO), of IBEDC, Mr John Ayodele, while speaking during the programme in Ibadan said the scheme would put an end to the issue of estimated billing that has been causing grievances between electricity consumers and distribution companies.

Represented by the Head, Strategy and Corporate Performance, Mr Peter Oni, Mr Ayodele disclosed that customers who subscribe to the MAPS, would get a refund of the cost of the meter through the same amount of energy credit over a period of 36 months.

Also speaking, the Senior Communications Officer of IBEDC, Mr Frank Williams, said the scheme would ensure mass metering for Nigerians and also empower them to determine how they pay and make use of energy.

Olaolu Fawole 

Energy

Federal Ministry of Mines and Steel Development in conjunction with the Oyo state government has disclosed plans to commence an airborne geophysical survey in the state. 

The minister of Mines and Steel Development, Archtiect Olamilekan Adegbite made this known during a press conference in Ibadan.

Archtiect Olamilekan who spoke through Director of Geophysics Department, Nigerian Geological Survey Agency (NGSA) Kaka Imam urged residents not to panic or become apprehensive as a result of loud noise of aircraft due to low flying altitude or pattern of movement.

He noted that the exercise would operate across Akinyele, Lagelu, Egbeda, Ona ara, Ogbomosho North, Ogbomosho South, Ogo Oluwa, Surulere and Orire among others. 

The minister stressed the need to penetrate Oyo state and gather geological information that might lead to mineral discoveries noting that a passive technique would be used in the process that would not involve sending out signals into the ground and therefore remained a very safe aerial survey. 

Also, the Director General for Oyo state Mineral Development Agency, Mr. Dimeji Ladapo equally assured residents that the exercise would pose no hazard to residents stressing that the effort would in the long run expand the state economy and boost its IGR 

The activity scheduled to commence this month, December 2021 would last for about one year, across selected 19 states of the federation.

Iyabo Adebisi

Energy

Stakeholders in the liquefied petroleum gas sector have advocated the usage of cooking gas as a cleaner and healthier means of cooking, unlike the use of other resources like kerosene and firewood, which poses health and environmental dangers.

They made this known at a Two Day Sensitization Awareness Campaign in Asaba, the Delta State capital, held with the theme: Stimulating Delta State Socio-economic Growth through LPG Adoption and Expansion.

Oghenero Eghweree was there for Radio Nigeria.

Oghenero Eghweree

Energy

The Ogun State Government has expressed its readiness to interface with the Department of Petroleum Resources, DPR, to enforce due processes in the marketing of oil and gas resources in the state.

Commissioner for Physical Planning and Urban Development, Mr. Tunji Odunlami made this known in Abeokuta, at a consultative forum aimed at improving the oil and gas sector.

Mr. Odunlami who noted that the Ministry had discovered that petrol stations were being built without obtaining approval, explained that the process of getting permit had been made easier.

He said there was the need to regulate the activities of gas retailers, noting that those were not ready to follow due process would be stopped from operating in the state .

Mr. Odunlami who also met with the coalition of Ogun State Technicians, Artisans and Craftsmen described them as crucial stakeholders in the building of Lord production management in the State.

The head of Operations, Department of Petroleum Resources, DPR, Mr. Adebowale Oluwafemi expressed the Department’s readiness to work with the ministry to sanitise the oil and gas sector.

Olusegun Folarin

Energy

President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law.

Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday August 13, the President assented to the Bill Monday August 16, in his determination to fulfill his constitutional duty.

The ceremonial part of the new legislation will be done on Wednesday, after the days of mandatory isolation would have been fulfilled.

The Petroleum Industry Act provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.

The Senate had passed the Bill on July 15, 2021, while the House of Representatives did same on July 16, thus ending a long wait since early 2000s, and notching another high for the Buhari administration.

Femi Adesina
Special Adviser to the President
(Media and Publicity)
August 16, 2021

Energy

Some residents of Ibadan have expressed worry over the rising cost of cooking gas.

 They voiced their concern in an interview with Radio Nigeria.

Three of them, Mr Adunola Ojo, Mrs Martha Olaojesu and Mrs Esther said the rise in the cost of cooking gas was adding to the burden placed on the masses by hike in the prices of food stuffs.

The residents appealed to government to look into the issue as the cost of cooking gas was rising beyond the means of the masses.

The average price for refilling a 5kg cylinder of cooking gas increased by 0.56% from N2,057.71 in March 2021 to N2,069.21 in April this year and further to N2,330 according to the National Bureau of Statistics (NBS).

 Funmilola Obagbayegun

Energy

Some residents of Oko Surulere local government areas of Oyo state have protested an alleged attempt to marginalize them by Ibadan Electricity Distribution company,Ibedc, Osogbo.

The protesters who stormed the premises of Radio Nigeria in Oko carried placards with inscriptions such as Our breaker must not be given to Ede water works, enough of crazy and estimated bills among others.

They alleged that in a bid to move their supply from Iwo to Osogbo, the communities involved had spent up to seven million naira to clear bush and demolish buildings under 33kva line.

One of the protesters, Evangelist Adebayo Adebunmi said the town and it’s neighbors had suffered epileptic power supply for too long.

He alleged that the communities were informed that IBEDC was planning to unlawfully allocate a “Breaker” the communities purchased to Ede water works,a development which they vowed to oppose .

Evangelist Adebunmi also noted that the inability of IBEDC to have shifted the power supply from Iwo to Osogbo after the communities had perfected all that was required of them was suspicious.

Earlier, another set of youths from Ola,Osun state under the same power supply jurisdiction had protested the blackout which they claimed had lasted over a month.

Responding , Regional Communication Officer, IBEDC Osun Region Kike Owoeye debunked the allegation that IBEDC was being mischievous.

“There is an ongoing project whereby Ejigbo will be fed from Osogbo TCN and disengaged from Iwo. 

As regards to the claims they are mere rumours which is not a reflection of the present situation. 

Meanwhile, the project is almost completed and the affected towns will be energised.

We hereby appeal to our customers to exercise patience as all our efforts are to ensure that they have an improved quality power supply in the areas. 

We urge our customers to contact our officials to get clarification on issues that bothers them for quick resolution” Owoeye said.

Adedayo Adelowo

Energy

Two gas dispensing outlets in Abeokuta the Ogun state capital have been sealed up by the Technical team setup by the State Government while all gas dispensing outlets have been directed to suspend operations pending the outcome of the ongoing investigation into recent explosions across Abeokuta metropolis.

The sealing of the outlets which include a gas production company at Idi Ori area and a retail outlet at Omida area followed the fifth gas explosion which occurred at a construction company yard at Onikoko area of the city injuring three persons including a teacher sitting at the staff room during school hour.

According to witnesses at Onikoko area, the explosion caused damages on building, vehicles, and construction vehicles within and outside the construction yard.

Shrapnel were being brought to the explosion scene from various houses kilometres away by victims who all had different stories to tell including those the shrapnel met in the bathroom, offices and the school staff room.

The Technical team made up of the Ogun state police command commissioner of Police Mr, Edward Ajogun, commissioners in charge of ministries of Environment and Special Duties including the Permanent secretaries on the two ministries and heads of agencies involved in disaster management in Ogun state after enquiries on the source of the exploded gas at the construction company yard at Onikoko area proceeded to the retail outlet where the gas was bought.

After inspecting the facility, the premises was sealed while the owner was asked to take the team to the company where the products were purchased.

At Idi Ori gas plant where the sealed outlet claimed it sourced the gas, one of the staff that welcomed the Taskforce team while answering questions stated that the company had sometimes this year had issues in the production line which led to the shutdown of production lines.

After inspecting the factory, some experts on the team itemized some faulty procedures in the production line suspected to would have caused adulteration, and the facility was subsequently sealed up.

The Technical team after meeting with the Stakeholders in the gas production and distribution sector directed all production, distribution, retail outlets including the artisans in the panel beating, air-conditioning and allied trades to temporarily suspend activities pending the outcome of investigation and recall of all defective gas products in couple of days.

Wale Oluokun

Energy

Ogun State Governor, Prince Dapo Abiodun has said that anyone found guilty of selling adulterated gas products or violating safety protocols in the state would face the full wrath of the law. 

Governor Abiodun gave the warning while reacting to incessant gas explosions in Abeokuta, Ogun State capital.

The Governor explained that he had directed law enforcement agencies, environmental and safety personnel to move round all the nooks and crannies of the state to investigate and bring to book those found culpable of any sharp practice or negligence that could cause gas explosions.

Governor Abiodun said his administration was working with Federal authorities and relevant agencies towards finding lasting solution to the recent incidents, adding that no stone would be left unturned to curb recurrence.

While commiserating  with the families of the victims of the recent gas explosions, the Governor warned business owners against violating safety protocols guiding the location of their businesses in residential areas. 

Bolanle Adesida