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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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Fed Govt urged to improve importation of refinery equipment

By Akinola Ajibade

The Federal Government should invest more on quality infrastructures in orde to reduce importation of quality refinery equipment,which otherwise can be sourced locally, the President/Chief Executive officer, Dangote Group, Aliko Dangote has said. 

He spoke at the recent Nigerian Content Midstream – Downstream Oil and Gas Summit 2022,in Lagos recently.

He  noted that the development of specific, sustainable equipment manufacturing and services should be the focus of the Nigerian Content Delivery Monitoring Board(NCDMB and the Federal Government.


He added:“Funding of a project should be to ensure that substantial part of the product plant must be of Nigerian origin; the same applies to goods and services. Government should ensure a single digit tax regime to encourage investment in the downstream sector”.

Represented at the event by the Technical Consultant, Dangote Industries Limited, Engr. Babajide Soyode, Dangote said that the coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery will guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets.

He also said Dangote Petroleum Refinery would promote competition of local refining in Africa by encouraging existing large refineries to upscale, which would result in surplus products for exports.

He stated: “Dangote Petroleum Refinery will guarantee adequate fuels production for domestic consumption, availability of excess products for export, stabilisation of domestic currency, upgrading and expansion of Nigerian National Petroleum Corporation refineries and promotion of prospects of Nigeria transformation to a regional refining hub.”

Speaking earlier, the Executive Secretary, NCDMB, Mr. Simbi Wabote reiterated the government’s target to increase domestic refining capacity to 1.4 million barrels per day in the next five years.

He explained that this was being done by rehabilitating the existing four national refineries and providing strategic support for setting up private-owned Greenfield and modular refineries in the country.

He said:“Combined refining capacity of more than 1.4mbpd is expected from these focus areas within the next five years. About 400,000bpd is expected from the rehabilitation of NNPC refineries in Port Harcourt, Warri, and Kaduna using target performance of not less than 90 per cent of nameplate capacity. The greenfield element of the roadmap covers the 650,000bpd Dangote Refinery in Lagos and the 200,000bpd BUA Refinery in Akwa Ibom”.

In his remarks, the Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed, said there were huge opportunities in the oil and gas value chain.

Ahmed, represented by Mr. Francis Ogaree, Executive Director, Hydrocarbon Processing Plants, Installations and Transportation Infrastructure, NMDPRA, said the authority would continue to enable business in the sector.

He noted that the enactment of the Petroleum Industry Act (PIA) had introduced a governance framework for the industry with clear delineation of roles between regulation and profit-centric business units.
Ahmed noted that the Act contained fiscal incentives to attract investment in gas development and local refining.

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