Connect with us

NEWS

Bridging Energy Access Gap Vital For Nigeria’s Economic Growth – NNPC Chief

Published

on

The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasized the importance of bridging the energy access gap to the creation of economic prosperity of Nigeria.

Group Chief Executive Officer, NNPC Ltd, Mele Kyari, made this submission in a keynote address on industry operations at the 2024 edition of Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) in Abuja, on Thursday.

Biztellers reports that the Forum held under the theme, “Stability in the Energy Sector: Integrated Strategies for Infrastructure, Transportation and Security”.

To bridge the energy access gap in Nigeria, Kyari said NNPC Ltd was working on developing the right infrastructure to deliver oil and gas to drive prosperity for Nigerians.

“We are committed to developing gas infrastructure across the country,” Kyari stated, stressing that the company’s commitment was not just a statutory requirement of the Petroleum Industry Act, but a pledge to ensure energy security beyond fuel supply.

“We are dedicated to investing in critical infrastructure to enhance economic prosperity by supplying gas to the domestic market, targeting at least 8 billion cubic meters,” Kyari added.

He listed some of the infrastructural projects being undertaken by the NNPC Ltd to help bridge the energy access gap in Nigeria to include the Obiafu/Obrikom/Oben (OB3) and Ajaokuta-Kaduna-Kano (AKK) pipelines, adding that they are designed to enhance the nation’s gas supply network.

On the global front, Kyari said NNPC Ltd was working on expanding gas supply to the international market primarily through the NLNG Train 7 project while efforts were also being made to kick off Train 8 as well as the various floating LNG initiatives.

Kyari called for support in leveraging Nigeria’s abundant gas resources for economic prosperity, emphasizing the need to bridge access gaps in electricity and clean cooking fuel.

He assured stakeholders and investors of the support of President Bola Ahmed Tinubu, whom he said was committed to the gas revolution.

Also speaking at the event, Chairperson of the Society of Petroleum Engineers (SPE) Nigeria Council and Head of Asset and Investments Management (NGPIS), Engr. Salahuddeen Tahir, emphasized the critical role of energy in modern society.

“It’s a trigger for essential services such as transportation, heating, electricity generation, medical services, security, banking services, and communication,” Tahir stated.

Tahir said there was need to develop a diversified and sustainable energy transportation system as a measure for mitigating climate change and enhancing energy security.

This year’s edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) is the 24th in the series having debuted in 1991.

The forum is focused on contributing to Nigeria’s oil and gas industry policy development in commemoration of the first commercial oil discovery in Nigeria by Shell D’Arcy at Oloibiri, Bayelsa State in 1956.

Click to comment

NEWS

JUST IN: Fear As Oyo Destroys Shops In Popular Ibadan Market

Published

on

Locals and traders have became frightened after the government demolished numerous shops and kiosks in the famed Ojoo market in the Akinyele Local Government Area of Oyo State on Thursday.

Biztellers gathered that the traders were handed a quit notice by the Ministry of Lands, Housing, and Urban Development a long time ago, but they refused to vacate the market.

The Chairman of the market, Muhdeen Ganiyu, fondly called Elewedu, however, told our correspondent that the quit notice was too short but the executive members of all the affected markers would meet after the demolition exercise.

“The quit notice was too short. All executive members of all the affected markers will soon meet. So, I cannot say anything for now,” he stated.

When contacted, the Commissioner for Lands, Housing and Urban Development, Williams Akin-Funmilayo, confirmed the ongoing demolition exercise.

He said, “The State Governor, Seyi Makinde, had gone there personally to address them. The government will provide another place. That place is dangerous. And the new place is not far. Just at the front of the Barracks.”

Additional images from the demolition:

Continue Reading

NEWS

VIDEO: Nigerian Man Spends 23 Hours Buried Alive In Coffin

Published

on

Young C, a Nigerian man, has been buried alive in a coffin for twenty-three hours.

On Thursday, he posted an update on his Instagram account saying, “Guys, I am still alive, I am still fine, I am okay. A lot of you might think something has happened, but nothing has happened, I am fine.

Breathing heavily he said, “My problem is just that I have run out of water, I might be forced to drink this (my urine). Guys, I am fine.”

Young C had embarked on this daring challenge on Wednesday, announcing his intention to be buried alive for 24 hours.

He shared a video on his Instagram account, emphasizing that the stunt was genuine and not a hoax. He also announced his plan to broadcast live footage from the coffin at night.

In an earlier update, Young C revealed that he had been buried for over 8 hours and was experiencing physical discomfort, including excessive sweating.

He shared a video from the coffin, showing his camera and light still functioning, and expressed his determination to complete the challenge.

This accomplishment brings to mind another challenge that American YouTuber MrBeast (Jimmy Donaldson) undertook two years ago to raise awareness about deforestation. In that challenge, he buried himself alive for fifty hours.

He overcame both physical and mental obstacles to finish the task and was ultimately exhumed, warning onlookers not to attempt such exploits since they could be dangerous.

Continue Reading

NEWS

Court Grants N100m Bail To Sirika, Daughter In N2.7bn Fraud Case

Published

on

Former Minister of Aviation and Aerospace, Hadi Abubakar Sirika, along with his daughter, Fatimah Hadi Sirika, and son-in-law, Jalal Hamma, secured bail from the Federal Capital Territory High Court in Abuja.

This follows their indictment by the Economic and Financial Crimes Commission (EFCC) for their alleged involvement in a N2.7bn fraud tied to the Nigerian Air project.

The defendants, including Sirika and his family members, vehemently denied the charges during their appearance before Justice Sylvanus Orji, who granted them bail pending further legal proceedings.

Recall that Sirika faces a 6-count amended criminal charge before Justice Oriji, where the prosecution counsel, Rotimi Jacobs SAN, presented an amended charge by the EFCC dated May 7 and filed on May 8.

This amendment was unopposed by the defendants’ counsel. Lead counsel Kanu Agabi (SAN), representing Sirika, submitted his client’s bail application dated May 6 during the proceedings.

The remaining defendants also filed their bail applications, urging the court for leniency in setting the bail terms.

Prosecutor Jacobs highlighted that all defendants were on administrative bail and requested bail conditions ensuring their presence for trial.

Following arguments from both sides, Justice Orji granted bail to each defendant in the amount of ₦100 million, requiring two sureties for each.

Furthermore, the judge stipulated that one surety must possess a landed property with valid land titles within the Federal Capital Territory.

Additionally, the sureties must provide an affidavit of means..

The defendants were restricted from leaving the country without the court’s permission, with the consequence of non-compliance being detention in a correctional facility.

He said, “I admit the 1st, 2nd and 3rd defendant to bail in the sum of 100 million each with 2 sureties of like sum.

“One of the sureties must have a landed property within the Federal Capital Territory. The defendants must not travel outside the country.

“Any of them who is unable to fulfil the bail conditions will be remanded in the correctional centre.” he added

The trial dates were set for June 10th, 11th, and 20th, marking the next steps in the legal proceedings.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.