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

'State-Owned Airports Are Unviable In Nigeria- Says Nuhu

One of state- owned airports in Nigeria


By Favour & Akinola Ajibade  


The General Manager, Nigeria Civil Aviation Authority (NCAA), Captain Musa Nuhu has passed a vote of no confidence on state-owned airports, describing them as wastes to their owners, mainly state governments.

However, the former Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf said that four out of 32  airports in the country are economically sustainable.

They include Murtala Muhammed Airport in  Lagos (which generates about 50% of the entire revenue), Nnamdi Azikiwe Airport in Abuja, Mallam Aminu Kano International Airport (MAKIA), and Port-Harcourt International Airport.

Both remarks were made this Tuesday, during a virtual media conference in Lagos. The conference, which is second annual National Transport Technology Engagement and Exhibition,  had the theme, ‘The Viability of State-Owned Airports: Issues, Challenges and the Way Forward.  

Many state-owned airports, Buhu said, are unviable and were built without considering the air traffic in the state.

Highlighting their problems further, he said the increasing construction of airports by state governors places a growing regulatory burden on the agency.

Nuhu identified several challenges stemming from this situation, including financial stress on various agencies within the aviation sector, such as the Federal Airports Authority of Nigeria (FAAN), the Nigerian Airspace Management Agency (NAMA), and other related organizations.

Nuhu articulated thus,

“We have been stretched beyond our capacity. How does an airport generate revenue when it operates only once a week?”

“Most of the airports are unviable; built without traffic in mind and leaving the burden to the Federal Government to shoulder. Airports should be a catalyst for economic development. It has to be well thought through. It becomes a problem when an airport will not generate economic returns.”

Contributing to the discussion, the President of the National Association of Nigeria Travel Agencies (NANTA), Susan Akporiaye attributed the lack of thriving state-owned airports to inadequate funding.

She stressed that no business can thrive when an airport operates only one or two flights daily.

State government airports conduit pipe for embezzlement

Wole Shadare, an aviation journalist and participant in the webinar, alleged that many state government-led airport projects serve as conduits for embezzlement of public funds.

He expressed frustration that numerous state governors continue to build non-viable airports in their regions, subsequently transferring them to FAAN, which places additional pressure on the revenues generated by the only four viable airports.

Share estimated that not less than N374 billion had been expended on such projects by the states, which observers consider as mechanisms for misappropriating public funds rather than promoting economic interests.

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 Chairman of Pineapple Estate, Ikorod

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

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