Lafarge Africa Boost Operations With 155 Trucks By Adigun Omodele & Akinola Ajibade Lafarge Africa, a leading innovative and sustainable building solutions company, has reaffirmed its commitment to supporting customer growth and Operational Excellence by allocating 155 trucks to its drivers. The aim is to encourage its logistics capabilities in the industry. This initiative underscores Lafarge Africa’s dedication to empowering customers and fostering long-term partnerships built on mutual growth and success. Speaking at the event, Lafarge's Commercial Director, Mr Babatunde Onimowo described the initiative as transformative for the company and its customers. Onimowo who was represented by the Firm's Head of Sales Babatunde Odufote said the scheme is transformative for the organisation and its customers. “Today marks a transformative moment in Lafarge Africa's unwavering commitment to its customers' success. These trucks are more than just vehicles...
By Akinola Ajibade
The Minister of State for Petroleum Resources, Chief Timpreye Sylva says Nigeria has lost about $ 50 billion worth of investment, while waiting for the passage of Petroleum Industry Act(PIA) by the National Assembly.
He spoke during the unveiling of the Nigerian National Petroleum Company ( NNPC) Limited in Abuja.
He said the unveiling of NNPC Limited has marked a new dawn in the quest for growth and development in the industry, even though the country has lost about $50 billion worth of investments so far.
He said: " Between 2015 and 2017, KPMG said that only 4 per cent of the $70 billion investment inflows into Africa's oil and gas industry came to Nigeria, even though the country is the continent's biggest producer and largest reserves.
Adding that: "We are setting all these woes behind us and a clear path for the survival and growth of our petroleum industry is now before us.
Meanwhile, the National Oil Company ( NOC) also known as Nigerian National Petroleum Company ( NNPC) Limited, is planning to build 950 retail outlets in five months, as part of the company's expansion plan before 2023.
According to NNPC' s Group Managing Director, Mallam Mele Kele Kyari, the company had adopted a strategic initiative to achieve the mandate of energy security for the country.
Kyari, who spoke on Tuesday during the unveiling of the company, assured stakeholders and the global energy community that the new company was endowed with the best human resources one can find anywhere in the industry.
‘‘NNPC Limited is positioned to lead Africa’s gradual transition to new energy by deepening natural gas production to create low carbon activities and positively change the story of energy poverty at home and around the world,’’ he said.
On his part, the Minister of State for Petroleum Resources, Timipre Sylva, said that with the signing of the PIA, which assures international and local oil companies of adequate protection for their investments, thndustry is no longer rudderless.
‘‘While the country was waiting for the PIA, Nigeria’s oil and gas industry lost about $50 billion worth of investments. In fact, between 2015 and 2019, KPMG states that “only 4 percent of the $70 billion investment inflows into Africa’s oil and gas industry came to Nigeria even though the country is the continent’s biggest producer and the largest reserves.
‘‘We are setting all these woes behind us, and a clear path for the survival and growth of our petroleum industry is now before
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