Connect with us

Business

Adeleke Unveils Osun’s Cocoa Revival Agenda

Published

on

Four gang-killed two in Osun, destroy N8M properties

Osun State Governor, Senator Ademola Adeleke has unveiled the cocoa revival agenda of his administration, which he hopes would see the cash-crop become a major contributor to boosting agricultural production in the state.

He chose to unveil the agenda at the International Cocoa Conference in Lagos, where he spoke.

Represented by his Commissioner for Agriculture and Food Security Sen Adeleke laid emphasis on the importance of cocoa to the diversification of Nigerian economy and recalled how the late Chief Obafemi Awolowo developed the old western region with earnings from cocoa production.

He said, “As oil is the backbone of the Nigerian economy today, so was cocoa to old Western Nigeria. The late sage, Premier of old Western Region, Chief Obafemi Awolowo deployed earnings from cocoa to develop the region, building the 25 story Cocoa House, investing in durable infrastructures, pioneering television broadcast in Africa and investing in education and health services.

“When you travel across the South West, you will see many old story buildings of various designs. Those are the houses of many prosperous traders who thrived across the zones in those days. Booming cocoa economy was the foundation of the robust economy of the old western region.”

Unveiling the comprehensive agenda of his administration to revitalize cocoa production in the state, Sen Adeleke expressed the view that cocoa producing states had a direct challenge and obligation to introduce new innovations that would help to revive the sector and increase productivity level of cocoa farmers.

“As a starting point, it is my considered view that Nigeria especially cocoa producing states have a direct challenge and obligation to introduce innovations towards reviving the cocoa sector; to set targets to increase tonnes of cocoa they presently produce; to support cocoa farmers and ensure that young farmers enter the sub-sector and to collaborate with research institutions such as the Cocoa Research Institute of Nigeria(CRIN) for new cocoa breed etc,” he noted.

2 Comments
0 0 votes
Article Rating
Subscribe
Notify of
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
large bio ethanol burner

739923 266842Extremely greatest man toasts, nicely toasts. is directed building your personal by way with the wedding celebration as a result are supposed to try to be witty, amusing and consequently unusual as well as. very best mans speech 329167

โคมไฟ
3 months ago

947871 533766Aw, this was an exceptionally nice post. In concept I would like to location in writing such as this moreover – spending time and actual effort to create a excellent article but so what can I say I procrastinate alot via no indicates find a approach to go completed. 615111

Business

Adoption of AI Feature as NIPetGE Pays Courtesy Call at NNPC Ltd

Published

on

Enhanced adoption of artificial intelligence and other digital technologies to improve operations in Nigeria’s oil and gas industry is taking the centre stage in relevant circles.

The issue came up strongly when the President-elect of the Nigerian Institute of Petroleum and Gas Engineers NIPetGE, Prisca Kanebi, paid a courtesy call at the Nigerian National Petroleum Company Limited (NNPC Ltd), Abuja.

Biztellers reports that the Kanebi led delegation was received by the Group Chief Executive Officer of the NNPC Ltd, Bayo Ojulari, represented by the Executive Vice President, Gas, Power and New Energy, Olalekan Ogunleye.

According to a statement made available on Sunday, discussions at the meeting focused on the future of Nigeria’s hydrocarbon industry amid global energy transition concerns, technological changes and sustainability targets.

ALSO READ: NNPC Ltd, IOCs Raise Crude Supply to Local Refineries by 103% in 4 Months

The statement indicated that the NNPC Ltd acknowledged the role of NIPetGE in policy advocacy, technical development and innovation within the sector.

Speaking during the meeting, Kanebi highlighted recommendations from the institute’s recent conference, including the proposed establishment of a national centre for intelligent energy systems to support the deployment of artificial intelligence, the Internet of Things and robotics across the petroleum value chain.

She also commended the Federal Government’s decarbonisation efforts and reiterated the institute’s support for policies aimed at improving sustainability in the industry.

The institute also recommended the creation of a hydrocarbon-linked emissions trading system to allow Nigeria to take part in global carbon markets.

The institute also proposed fiscal incentives to support local manufacturing and service delivery in the oil and gas sector, as well as the expansion of the Energy Transition Plan to include measurable upstream decarbonisation targets backed by tax credits.

Other proposals included increased public-private partnerships in emission control infrastructure, carbon capture projects and hybrid renewable energy initiatives.

Both organisations also stressed the need for stronger collaboration between industry and academic institutions to improve professional capacity and align petroleum engineering practice in Nigeria with international standards.

The institute further disclosed that its bill seeking chartered status had passed second reading and was progressing towards a third hearing at the National Assembly.

It added that NNPC Ltd pledged support for future collaborations with the institute on initiatives aimed at improving efficiency and innovation in the energy sector.

Continue Reading

Business

FHC Orders NUPRC to Comply with PIA

Published

on

Continue Reading

Business

Local Firms Lead Revival of Idle Oil Wells – SPE

Published

on

Nigeria’s indigenous oil and gas companies are reopening dormant wells and ramping up production from assets acquired from international oil companies (IOCs) to boost crude oil output.

The Society of Petroleum Engineers (SPE), Nigeria Council, made the assertion through its Chairman, Francis Nwaochie, on the sideline of the Offshore Technology Conference (OTC) which ended at the weekend in Houston, Texas.
Nwaochie said indigenous operators were already taking advantage of opportunities created by disruptions in the global energy market to increase production from existing assets.

According to him, local firms that recently acquired onshore and shallow water assets from IOCs were aggressively reviving inactive wells and maximizing available infrastructure to raise output levels.

“What we are seeing now is that indigenous companies are reopening wells from the assets they acquired from the IOCs. Some of them have almost doubled production from those existing assets,”.

He explained that the renewed focus on dormant wells and existing facilities had become critical at a time the global oil market was facing supply shortages triggered by geopolitical tensions in the Middle East.

The SPE Nigeria Council Chairman noted that Africa, particularly Nigeria, was well positioned to benefit from the supply gap because of the continent’s relative stability compared to some other oil-producing regions.

“There is a huge opportunity for Africa right now. The focus is gradually shifting to Africa because of the volatile environment in many other producing regions.”

He stated that indigenous operators were leveraging digital technologies, financing opportunities and local expertise to improve production efficiency and optimise existing fields.

He added that stronger implementation of local content policies was also helping to create a more stable operating environment for oil and gas investments.

“Local content is very critical. Once communities and local companies clearly understand their roles and benefits, then you create peace across the industry. Business only thrives in peaceful environments.”

ALSO READ: Nigerian Navy Recovers Large Cache of Illegal Refined Petroleum Products

Nwaochie also stressed the need for Nigeria to move beyond crude oil production and begin developing indigenous technologies for the energy industry.

According to him, SPE Nigeria Council was actively supporting innovation and technology development among young Nigerian engineers and researchers.

He disclosed that the association was engaging the National Universities Commission(NUC) on reforms to engineering curricula in universities to better prepare graduates for the future of the energy industry.

“One of our major focuses in SPE is technology development. We should not only import machines and equipment, we must begin to develop our own technologies locally.”

Nwaochie revealed that SPE was already supporting local innovators working on technologies such as remotely operated underwater vehicles (ROVs), noting that indigenous technology development will strengthen Nigeria’s economy and deepen local participation in the oil and gas sector.

“We may not get everything right immediately but we must start somewhere. That is how countries that dominate the global energy industry built their capacities.”

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

2
0
Would love your thoughts, please comment.x
()
x