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...

Seplat Commits To Youths Entrepreuship Development....... another N16.5m seed money



Tagged Fellowship Programme for Entrepreneurs, the programme was a huge success for the company, which was listed in both the London and Nigerian Stock Exchanges respectively, as participants reminisced  on their achievements and those waiting for them to achieve, in the event that they utilise their potentials well.

Dated back to 2019, the programme, which was organised by Seplat Energy and its partners notably Conversation for Change (C4C) received  another  N16.5 million for funding.

Speaking at the event in Abuja recently,  the Director, External Affairs & Sustainability, Seplat Energy, Dr. Chioma Nwachukwu, noted that Seplat JV/C4C has  successfully trained and supported three batches of fellows, comprising about 55 young entrepreneurs, who are  creating values as well as well as boosting Nigeria's economy

.Nwachukwu said: " “Each beneficiary has shown resilience, creativity and innovation through the duration of the yearly programme and has now become our proof that we could truly make Nigeria better by investing in the youth population,” 

In a lecture themed: ‘Unleashing Nigeria’s untapped Potential through Entrepreneurship and Sustainability’ and  delivered to the Fellows at the event, the speaker,  Ms Arunma Oteh, did justice to the occasion through her well researched lecture, which deepened the mind of participants greatly. Oteh was a former Director General, Nigeria's Securities and Exchange Commission(SEC),  Independent Non-Executive Director of Seplat Energy Plc, and Scholar at Said Business School, University of Oxford..

She  commended Seplat Energy JV and its partner, C4C, for their commitments  to youth empowerment in Nigeria, adding  that their activities have helped reduce unemployment and further ameliorate the poverty level in the country. 

This Oteh said, has immensely contributed to the nation's  economic growth. 

Continuing further, she said that “Seplat Energy’s approach to sustainability has put the company on a very high pedestal amongst its peers, thus making the company a reference point in Nigeria and internationally.” 

Present also at the event was Bello Rabiu, an Independent Non-Executive Director and member of the Sustainability Committee of the Seplat Energy Board, who restated company’s commitment to support entrepreneurship in Nigeria. 

Youth entrepreneurs, Bello said are regarded as a catalyst for change in any economy, urging Nigerians to wholly support the initiative.

The event witnessed an exhibition of  products made by the entrepreneurs, whose small-scale enterprises include but not limited to upcycling of waste, agribusiness, beauty and skincare, among others.

Also, the President,  C4C, Dr Kechi Ogbuagu said that a promising future awaits entrepreneurs in  Nigeria, in view of the collaboration between Seplat Energy and her Partners,

Recall that  Seplat Energy and C4C four years ago precisely 2019 collaborated with a view to improve the lives of young Nigerians.

Right from the selection process to the intensive face-to-face training on key management aspects of business, participation in internship trainings with credible companies in various areas of vocation and the support provided to each of their businesses, these activities of the fellowship programme have produced innovative and well equipped young social entrepreneurs, who are ready to succeed in the world of business.0



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...