Skip to main content

"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
Post a Comment

Fed Govt Urged To Declare State Of Emergency On Ailing Refineries


By Favour & Akinola Ajibade


The Federal Government owned ailing refineries will return to optimal performance, once a state of emergency on them, the National President, Petroleum Products Retail Outlets Owners Association of Nigeria ( PETROAN), Mr Billy Gillis Harry, has said. 

They are Warri, Port Harcourt 1&2 and Kaduna refineries.  

While speaking to newsmen in Port Harcourt, Rivers state capital, Harry said a state of emergency remains the only antidote to make the refineries work in order to meet up with in-country capacity and further address high fuel prices.

According to him, the problem of price hike will not end anytime soon, until all the refineries in the country become operational.

He said: “The main way out is to declare a state of emergency on all the four refineries. The refineries should be revamped, rehabilitated and made to function.

“Now that we have Sen. Heineken Lokpobiri as Minister of Petroleum, we will interface with him on this issue, on what needs to be done and we hope to get answers.

“Our refineries must work, in-country refining capacity must increase. Modular refineries of 10,000 barrels per day and above should be encouraged to be assembled in Nigeria in order to be able to meet the petroleum products consumption in Nigeria.”

On the issue of rumoured fuel price hike, the PETROAN boss, who said that only fuel importers can confirm the rumours, however, appealed to Nigerians not to indulge in panic buying to avert the issue of fire explosions.

“There is a rumour of fuel price increase but it’s only a rumour and not a fact. It’s only when importers tell us that the landing price has been affected by forex or cost in logistics, that’s when we will know.

“However, we will advised that members of the public should not engage in any panic buying based on the rumour, because your life is important, since petrol is a very volatile product that can easily be inflamed.

“However, prices will continue to fluctuate so long as we (Nigeria) are import dependent, prices will either go up or come down depending on the purchasing power of the Naira over Dollar,” he said

Comments

Post a Comment

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 Chairman of Pineapple Estate, Ikorod
1 comment
Read more

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g
Post a Comment
Read more

Fed Govt Commences New VAT Sept 1

By Favour & Akinola Ajibade Buoyed by the resolve to deepen the country's revenue base and further and further speed up implementation of capital projects in Nigeria, the  Federal Government will in the next six days, precisely September 1, this year, starts collecting the  new Value Added Tax( VAT).  The government is achieving  this goal through the Federal Inland Revenue Service(FIRS).  FIRS, in a statement,  said subject to the Finance Act 2023, VAT withheld or collected, VAT on items excluded from building, the new Tertiary Education Tax rate of 3 per cent and Investment Allowances and Convertible Currencies will become effective September 1, 2023. Certain amended provisions of the Finance Act 2023 were enacted on 28th May, 2023 with the effective date of 1st May 2023. However, the effective date was changed to 1st September 2023. Some of the amended Sections are 14 (3) which deals on VAT Withheld or Collected. The VAT Act was amended to the effect that persons
Post a Comment
Read more