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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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Fuel Scarcity: PENGASSAN threatens to down tools if...........

Drivers refuse to work


By Akinola Ajibade


Nigeria may experience a more daunting economy, if the threats by the  Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN),to down tools over the lingering fuel scarcity soon, is anything to go by.

Penultimate week, PENGASSAN through its President and General Secretary,  Comrades Festus Osifo and Lumumba Okugbawa respectively threatened to embark on a national strike, in the event that the Federal Government and other relevant authorities in the nation's petroleum industry, refuse to stop the on-going r as racketeering in the fuel supply chain and further put an end to acute shortage of fuel, which has entered its third months in Nigeria.

According to a statement, signed and issued to the News Mirror yesterday ( Monday), the body does not see any justification for increase in price of fuel and the attendant agony imposed on majority of Nigerians.

The group further carpeted oil  marketers for selling fuel to Nigerians at a very expensive prices, adding that marketers have , by do doing, created artificial scarcity of the product in the country.

The statement said:”While we understand that the parameters imputed into the old PPPRA and now Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) template has since changed because of some economic vagaries such as exchange rate fluctuation, vessel hiring cost and cost of AGO amongst others, there is no sufficient justification for PMS (Petrol) to be selling for such highly inflated price, thereby subjecting the masses to further difficulties.

“Even though we have some good marketers who tend to play by the rules, others who are overbearing have deployed methods of creating artificial scarcities in other to hike the price of the product uncontrollably as the prices of the product now sells between N185 to N400 depending on your location and outlet.

“From data available to us from our members, there is over 30 days PMS sufficiency in the country; hence there is no basis for the current scarcity and hardship that Nigerians are being subjected to. We hereby call on the management of NMDPRA to compel all marketers and retailers to make the products available at approved price.

“They should immediately mobilize all their staff in various locations across the country to monitor compliance and anyone found wanting, should have their license revoked to serve as deterrent.Should this collusion go on unchecked, we will not hesitate to partner with other stakeholders in ensuring that Nigerians are not further exploited.A stitch in time saves nine

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