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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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NEITI Sets To Determine The Quantity of PMS Consumed In Nigeria


By Favour & Akinola Ajibade


The Nigeria Extrative Industries Transparency Initiative  NEITI 's Executive Secretary, Dr Orji Ogbonanya, says the body is conducting  a study  in order to determine the quantity of Petroleum Premium Spirit ( PMS) consumption and how the 13 per cent derivation is spent or utilised in the country. 

He said the development is necessary, in order to know how well the country uses fuel and crude oil by extension.

He said this is one of the priorities, which the group has set for itself and the country in particular, as part of efforts to ensure proper usage of the proceeds of the national oil and gas sectors. 

He however, fails to state categorically when and how the objectives of the priority areas are going to be achieved by NEITI. 

Speaking during a stakeholders conference organised by NEITI in Abuja, Ogbonanya said that the country's  energy sector holds a substantial value to the Federal Government since it provides a veritable source of income for the implementation of fiscal programmes and policies, adding that the development informed the decision of NEITI to conduct 2022 -2023 industry reports in the oil and gas mining sector, with a view to ascertain the level of development in that segment of the economy vis-a-vis how well it can be positioned for growth.

Others include the need to link NEITI Reports to revenue growth and impact and updated data and information on all financial liabilities (outstanding revenue remittances to the federation) to support government’s revenue mobilization for development and upgrade of infrastructure.


 

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