Skip to main content

Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...

REA,/ state governments plans to boost rural electricity


By Akinola Ajibade

Brighter days are ahead of thousand of communities acros the country, as the Rural Eradication Agency ( RAE)[ and the thirty state governor are collaborating on how to boost supply of electricity in the country, the Managing Director/Chief Executive officer ,Ahmad Salihijo Ahmad gave this indication recently 

He spoke during  a  workshop organised by REA in conjunction with the African Clean Energy Technical Assitance Facility (;AGETAF);and the Nigeria Governors Forum in Abuja .

He said that the collaboration would. help in fast-, tracking the approval and other associated permits, providing  data of unserved & underserved communities within the States,.

Others he said, include creation of  an enabling environment for private sector developers and providing an interface between the REA, the states and the developers towards ensuring the sustainability of projects in their states.

The workshop served as a platform for the REA to convey its programmes and initiatives to the state governments and critical stakeholders at the workshop for a better understanding of its operations, and to achieve implementation sustainability and enhanced performance across all its programmes.

It provided an avenue for the REA to listen to the challenges faced by the States and proffer solutions that are critical in advancing the course of the REA Mandate and improving the energy sector.

Declaring the workshop open,  Minister of State for Power, Goddy Jedy-Agba, said “I believe that a stakeholder engagement such as this, beyond helping to stimulate growth in our critical sectors, ultimately enables the exchange of valuable ideas targeted at national development.”

Also, the  chairman of the Nigeria Governors’ Forum, Dr. Kayode Fayemi through his representative, Dr Abdulateef Shittu, the Executive Director, Nigeria Governors Forum, commended the management of REA for living up to its mandate of expanding rural electricity access across the rural frontiers of the country.

He stated that “the states are committed to the success of rural electrification programmes and emphasized that the rural economy is central to the overall national economy which is predicated on effective and robust rural electrification scheme.

He added:”This stakeholders’ workshop is coming at a very critical time when all hands must be on deck to solidify and improve on the gains that have been achieved in the energy sector. “

The Team Leader for Economic Development, Foreign, Commonwealth and Development Office, Gail Warrander mentioned “States have a critical role to play in developing policies and plans to support offgrid energy; through easy access to land for minigrids and simplified permits but also, they are best-placed to match potential locations for minigrid and stand-alone solar systems with households and businesses.

The United Kingdom (UK) is supporting the sector through the Africa Clean Energy – Technical Assistance Facility (ACE-TAF), and a 10 million pounds facility to InfraCredit to de-risk insurance and pension funds invested in the sector, as well as other programmes.”

The Nigeria Country Manager for ACE-TAF, Chibuikem Agbaegbu while giving his presentation stated that “We are positive that this collaboration between the Federal Government through the REA and the State Governments will accelerate energy access delivery in States especially in the rural un-served and under-served communities. We are happy to be partners to both REA and the state governments on this initiative, and will continue to support both parties in ensuring Nigeria meets its electricity targets”

The resolution at the workshop was outlined to include: Nomination of a Focal Person in each State for synergy between REA and State Governments; Timely information sharing with State Focal Persons on REA’s programmes and projects in planning, implementation and monitoring of projects; REA to create a centralized data repository for Rural Electrification data with State-level access for seamless data sharing of planned, completed, and ongoing projects.

Comments

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first C...

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l...

Axella Plans To Deepen Gas Utilisation in Nigeria

Axella' s Director of Business Development, Mr Franklin Imole By Favour  Ifeoluwa & Akinola Ajibade Axella's Gas Processing Plant announces Final Investment Decision ( FID) to develop a 50 MMASCF/D Gas Processing Plant, with h a view to deepen utilisation of gas  in the country. The firm, which is situated  in 0ML 56 in Delta State,  said that its making strategic investment in order to ensure that gas is available for industrial use in Nigeria. Situated in  Delta State, Southern Nigeria and billed to commence operation by the end of 2024, the facility, Axella' said, boasts of 12 MMSCF  Modular Plant with an interconnection pipeline network of about 4kilometres alongside other ancillary infrastructure. The facility, the company added, is expected to commence operation by the end of this year. Speaking on the plant ,  Axella's  Director of Business Development, Franklin Imole said: " As the Federal Government continues to pursue its...