Energy
Sahara Group, UNILAG collaborate on sustainability, global competitiveness
Leading energy and infrastructure conglomerate, Sahara Group, has announced the establishment of the Sahara School of Innovation and Extrapreneurship at the University of Lagos (UNILAG), Akoka, to serve as a platform for promoting inventions and solutions that would facilitate sustainable development and global competitiveness in Africa.
Ejiro Gray, Director, Governance and Sustainability at Sahara Group, said the company would collaborate with UNILAG to make the school a world class facility that will proffer solutions to future challenges today, with emphasis on areas like the future of energy, entrepreneurship, data science, digital arts and culture, artificial intelligence and robotics, and fintech, among others.
The sod-turning ceremony of the proposed school held on Friday October 28, 2022. “This project reinforces our commitment to giving back always and serves as one of Sahara Group’s contributions towards building a formidable legacy for sustainable development. For over 26 years, innovation and extraprenuership have driven Sahara’s growth across Africa, Asia, Europe, and the Middle East. We are confident that working with the University of Lagos, a foremost institution of global repute, the school would deliver sustainable value for the benefit of Africa and the world at large,” said Gray whose directorate would drive the project..
Former Librarian, Unilag, Mr. Adegoke Adeniji, Executive Directors of Sahara Group, Temitope Shonubi, Kola Adesina, Moroti Adedoyin-Adeyinka, Ade Odunsi, and Wale Ajibade; Director, Governance and Sustainability, Ejiro Gray and Former Head, Department of Mechanical Engineering, Unilag, Dr. Folashodun Shonubi, at the sod-turning ceremony of the Sahara Group School of Innovation and Extrapreneurship at the Unilag, Akoka.
Commending Sahara Group for the initiative, the Vice-Chancellor of the University of Lagos, Professor Oluwatoyin Ogundipe, FAS, stated it is particularly gladdening that the drivers of the project are alumni of the University from different Faculties who have by their achievements, individually and jointly, demonstrated to the world the quality of UNILAG products. He noted that the Sahara Group School of Innovation and Extrapreneurship project hallmarks the repositioning of UNILAG as a “University of The Future”, a vision that has shaped its pursuits over the last five years and informs its 60th anniversary theme: UNILAG@60: Eyes on the Future.
“We, at the University of Lagos are committed to building on our heritage of excellence to continue to produce graduates that are locally relevant and globally-competitive as the alumni before us today. We aim to instill in our students, more than ever, the culture of innovation, entrepreneurship,” the VC added.
Gray said a timeline of 24 months has been set for the completion of the project with clear sustainability indices in terms of seamless maintenance, inclusiveness, transparency, relevance and scalability of modules/inventions, access to strategic/financial advisory and collaboration for regional and global impact.
She also announced the launch of the Sahara Scholar Award aimed at “energising excellence” through rewards to university students with outstanding performance in select disciplines. The Sahara Scholar Award will commence from the University of Lagos as a pilot scheme, and progressively expand in scope across Africa.
“The unique thing about the first phase of the Sahara Scholar Award is that it is wholly funded by the Group Executive Directors of the Sahara Group as a way of giving back to the University of Lagos where most of them received their university education and some also had parents who taught at the university. The award will be N1 million yearly for each category, including provision for annual sponsorship of exchange programmes for lecturers within Africa,” she added.
Categories under the Sahara Scholar Award include one-off prizes for 26 outstanding students to mark Sahara Group’s 26th anniversary, Temitope Shonubi prize for Best Improved Student in Architecture, Moroti Adedoyin-Adeyinka Prize for Best Graduating Student in Economics, Wale Ajibade Prize for Best Improved Student in Economics, Ade Odunsi Prize for Best Student in Finance, and Kola Adesina Prize for Best Graduating Student in Business Management.
Others are: Dr. Folashodun Shonubi Prize for Best Graduating Student in Mechanical Engineering, Zacchaeus Odunsi Prize for Best Entry Level Student in Civil Engineering, Mr. Adegoke Adeniji Prize for Best Graduating Student in Library and Information Science, Dr. John Falegan Prize for Best Graduating Student in Insurance and Actuarial Science, Asharami Prize for Best AI/Fintech invention and Sahara Group Prize for Best Entrepreneurial Dissertation in Architecture, Engineering, and Economics.
MRS Oil Nigeria Plc, a prominent player in the Nigerian downstream oil industry, has implemented a new petrol price of N935 per litre across all its retail service stations nationwide.
The company has also called on Nigerians to monitor and report any outlets that fail to adhere to the new price structure.
Biztellers reports that this is consequent upon an announcement by the President of Dangote Industries Limited, Aliko Dangote, that the Dangote Petroleum Refinery has partnered with MRS Oil and Gas to offer petrol at N935 per litre at retail outlets, following a reduction in the ex-depot price from N970 to N899.50 per litre.
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It was gathered that MRS Oil Nigeria Plc has instructed all its outlets to implement the new price immediately, setting up a digital platform and monitoring team to ensure full compliance.
In a statement on Monday night, the company declared, “Petrol is now being sold at N935 at MRS Filling Stations nationwide. If you find any station not following this price, please report it. Call 08009447853 or email: NG-FMKPMGWHISTLEBLOWING@NG.KPMG.COM”
Emphasising the eco-friendly nature of its products, MRS Oil added, “We call on all petrol station owners to join MRS Oil Nigeria Plc in improving the supply chain of our beloved country, ensuring product quality and availability in every corner of Nigeria for the benefit of all Nigerians.”
In Lagos, commuters were seen queuing at MRS filling stations to purchase petrol, with many expressing their gratitude to the Dangote Petroleum Refinery and MRS Oil and Gas, urging other marketers to support the indigenous refinery rather than import off-spec products into the country.
A commuter at the MRS station at Alapere on the Lagos Ibadan Express way, Ibukun Phillips, could not hide her joy as her husband filled up their car.
“I am very happy today. This is a victory for Nigeria,” she said. “The price reduction is the best gift of the season. But beyond just the reduction, we are buying standard, eco-friendly petrol at a lower rate. My husband and I have decided we will only be using MRS from now on because we are confident in the quality of the product and supporting the economy.”
A commercial bus driver, Adio Ajibade described the price reduction as a great relief, especially during the festive season.
“The reduction is a great relief. It will reduce transportation costs and benefit Nigerians. God will continue to bless Alhaji Aliko Dangote,” he said.
A public affairs analyst and university lecturer, Dr. Tunde Akanni, said the collaboration between Dangote Petroleum Refinery and MRS Oil represents a significant step towards improving the affordability, quality, and sustainability of petroleum products in Nigeria.
According to Dr. Akanni, “this move will not only help ease the financial burden on Nigerians but also promote a more environmentally conscious approach to fuel consumption, benefitting both the economy and public health in the long term.”
As a direct implication of the Federal Government’s Foreign Direct Investment drive, the Royal Dutch Shell has completed the final investment decision on the deep offshore Bonga North project in Nigeria.
Biztellers reports that the Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% interest.
Shell’s Integrated Gas and Upstream Director, Zoë Yujnovich, said, “This is another significant investment, which will help us to maintain stable liquids production from our advantaged Upstream portfolio”.
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It was gathered that the Bonga North project involves drilling, completing, and starting up 16 wells (8 production and 8 water injection wells), modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO.
The company is optimistic that the project will sustain oil and gas production at the Bonga facility.
The Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent (boe) and will reach a peak production of 110,000 barrels of oil a day, with first oil anticipated by the end of the decade.
In addition, the Bonga North will help ensure Shell’s leading Integrated Gas and Upstream business continues to drive cash generation into the next decade.
Chevron Nigeria Limited (CNL), has received an award as “Energy company of the year (2024)” for its Environmental Sustainability and Corporate Responsibility accomplishments.
The award presented by the Nigerian News Direct newspaper, on Friday December 6, 2024, and was received by Manager Communications, Chevron Nigeria and Mid-Africa Business Unit, Victor Anyaegbudike, at a colourful event at the Grand Ballroom of the Oriental Hotel, Lagos.
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The organizers of the award noted that Chevron has implemented the “Protecting People and the Environment” policy, which aims at preventing injuries, illnesses, and environmental incidents. They also referenced that the company has achieved 97% gas flaring reduction in its operations in Nigeria, while implementing waste management and environmental conservation programs.
According to the media organization, Chevron Nigeria has also invested millions of dollars in community development programs, supporting education, health and economic development initiatives that have benefited thousands of people, while ensuring diversity, inclusion, and employee engagement in its business operations.
Receiving the award from the Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, Anyaegbudike thanked the organizers for the honour, and reiterated Chevron’s commitment to continue to develop, affordable, reliable and ever-cleaner energy that enables human progress around the world.
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