Connect with us

COVER

NNPC Obtains $1.16m USTDA Grant for 1,300MW Gas Power Plant

Published

on

Share

By Mathew Dadiya, Abuja

As part of efforts to guarantee energy security for the country in keeping with its mandate, the Nigerian National Petroleum Corporation (NNPC) has secured a grant from the United States Trade and Development Agency (USTDA) to facilitate the establishment of a 1,350Megawatts (MW) Independent Power Plant in Abuja.

Speaking at the signing ceremony of the grant which held on the sidelines of the ongoing Nigeria International Petroleum Summit (N.

I.P.S) in Abuja on Tuesday, Group Managing Director of the NNPC, Mallam Mele Kyari, said the $1.16million USTDA grant would be deployed for the provision of technical, economic and financial analyses necessary for the development of the combined cycle, natural gas-fired power plant to be sited in Gwagwalada, a satellite town of Abuja.

Mallam Kyari stated that the power plant, when completed, would deliver power to the national grid for onward transmission to Nigerians to facilitate industrial growth and reduce poverty in the country.

“We all know that there must be a framework. We all know that there are so many delayed projects in this Industry that have to do with delivering gas to the domestic market for so many reasons. One of them is inability to secure financing and other fiscal issues that we are all familiar with and they have to be resolved. What we have to do is to create infrastructure that will deliver gas to the domestic market and we are already doing that,” the GMD assured.

He informed that NNPC under his watch was committed to providing the necessary infrastructure that would reduce the power deficit and also reduce to the barest minimum gas flaring which impacts the environment negatively.

The NNPC helmsman stated that the corporation had already delivered the Oben-Obrikun and Obiafu (OB3) gas pipelines, expanded the Escravos-Lagos Pipeline System 2 (ELPS 2) with her partners and about constructing the Ajaokuta-Kaduna-Kano (AKK) pipeline which would deliver gas from the OB3 line to Kano.

He added that along that corridor, the plan is for the NNPC to build three independent power plants in Abuja, Kaduna and Kano, stressing that the strategy would enable the debottlenecking of power into the grid to ensure stable power supply.

Mallam Kyari said the construction of the AKK pipeline would lead to the establishment of industries along the route of the pipeline all the way to Kano, noting that the spin-off effect would be prosperity for the people.   

“We know that gas is the cleanest form of energy. We also know that we are flaring some of the gas which we are putting up strategies to stop. By stopping gas flaring, we create wealth, we create prosperity and we have to deliver power to the country. We also know that the focus of the Federal Government is to deliver power to the people as quickly as possible and also deliver gas to our domestic market,” Mallam Kyari submitted.

Earlier, the United States Ambassador to Nigeria, Mary Beth Leonard, said the grant was part of America’s intervention to reduce the power deficit, create jobs and support the expansion of gas infrastructure in Nigeria.

On his part, the Director of USTDA, Tom Hardy, stated that the grant of $1.16million to the NNPC was an American power solution geared towards boosting the nation’s economy.

Managing Director of General Electric (GE) Gas Power System in Nigeria, Mohammed Mijindadi, expressed the readiness of GE to deliver on her mandate.

Highpoint of the event was the signing of the grant documents by the Managing Director of NNPC Gas and Power Investment Company (GPIC), Engr. Husaini El-Yakubu, for NNPC and Tom Hardy for USTDA.

In a related development, the Group Managing Director of NNPC, Mallam Mele Kyari, has restated the commitment of the corporation to deliver sufficient energy for the economic and industrial growth of the nation.

In a presentation at the ongoing Nigeria International Petroleum Summit   (N.I.P.S.), the GMD disclosed that the corporation was doing a lot to ensure national energy security. 

He said NNPC was opening up its operations to allow for transparency and stability that would attract the right kind of investments that would enable it meet the needs and aspirations of its over 200 million shareholders.

Speaking on the much touted global energy transition from fossil fuels to renewable energy, Mallam Kyari said the reality on ground indicates that fossil fuel would remain the main source of energy for a long while, noting that the focus should be on the cleanliness of the fossil fuel rather than the elimination entirely as wrongly projected.

He disclosed that informed perspective and forecast provided by various researchers and Industry analysts indicate that by 2050 the global consumption of crude oil would remain about 100 million barrels per day.

He added that most forecasts indicate that by 2040 renewables would only account for about 20 per cent of global energy needs which means that fossil fuel would continue to deliver at least 70 per cent of global energy needs within the period under forecast.

Mallam Kyari said the NNPC was committed to using the nations vast hydrocarbon resources to add value and create wealth and prosperity for the government and people of Nigeria.

COVER

APC Govs, NASS, Party Leaders Adopt Tinubu for 2027 Presidential Poll

Published

on

Share

By David Torough, Abuja

The 22 All Progressives Congress (APC) governors yesterday adopted President Bola Tinubu as the sole presidential candidate of the party for the 2027 general elections.This was even as the leaders of both the Senate and the House of Representatives expressed their full support for Tinubu’s second term, stating that the country is currently on a path of growth and progress.

The Progressives Governors’ Forum (PGF’s) Chairman and governor of Imo State, Sen.
Hope Uzodimma, spoke on behalf of all the governors at the National Summit of APC at the Banquet Hall of the State House, Abuja.The governors also passed a vote of confidence in President Bola Tinubu.
The Vice Chairman of the PGF and Governor of Kaduna State, Senator Uba Sani, joined Governor Uzodimma on the podium to second the motion for the adoption of the President as APC presidential candidate for 2027 poll.Thereafter, Uzodimma put the motion to vote before the participants at the National Summit.Those present were Vice President Kashim Shettima; Senate President, Godswill Akpabio; members of the National Assembly; serving and former governors, and APC members from across the 36 states and the Federal Capital Territory.They, through voice vote and standing ovation, adopted President Tinubu for a second term in office come 2027.Uzodimma said the governors were united in their support for Tinubu’s re-election bid.He said: “That for Nigeria to get to her destination faster in prosperity, that the president should be used and adopted as our flag bearer for the 2027 presidential election, for a second term in office.“That the governors produced by our All Progressives Congress are hereby charged to take responsibility to market our federal government policies, occupy the political space in their domains, and take responsibility for winning all elections in their states come 2027.“It is therefore my humble pleasure, with total humility, to Almighty God to move that this August assembly adopt and concur the position of progressive governors that Mr President carries our flag 2027 and governors take responsibility for delivering this mandate. I’m so move as a motion.”Governor Sani seconded the motion: “I rise to second the motion as ably moved by the chairman of Progressives Governors Forum, the governor of Imo state, His Excellency, Hope Uzodimma, that this August gathering pass a vote of confidence on our able and amiable president, President Bola Ahmed Tinubu, as a sole candidate of APC come 2027 general election.NASS Leadership Endorses Tinubu for 2027 ElectionThe leaders of both the Senate and the House of Representatives have expressed their full support for President Bola Tinubu’s second term, stating that the country is currently on a path of growth and progress.Senate President Godswill Akpabio, who moved the motion on Thursday during the APC National Summit at the State House banquet hall in Abuja, acknowledged that the 2023 election posed significant challenges for President Tinubu.Joined by the Speaker of the House of Representatives, Tajudeen Abbas, Deputy Senate President Barau Jibrin, and Deputy Speaker Benjamin Kalu, among others, Akpabio expressed optimism about the future.He predicted that Tinubu would secure even more states in the 2027 elections, stating that he sees a clear shift in momentum in the President’s favour.Akpabio remarked that despite the challenges, President Tinubu is actively working to reposition Nigeria.The Senate President stated that with opposition parties, particularly the PDP, in disarray, President Tinubu should be re-elected in 2027 as the sole candidate.Akpabio’s position was fully supported by other National Assembly leaders, with no dissenting voices.APC Endorses Tinubu for 2027 Presidential RaceThe All Progressives Congress has endorsed President Bola Tinubu as its flag bearer in the 2027 presidential elections.The Party’s National Chairman, Dr. Abdullahi Ganduje, announced this yesterday, on behalf of its National Working Committee, at its National Summit held at the State House Banquet Hall, Abuja.The endorsement came hours after APC governors and lawmakers cast a vote of confidence on the president and endorsed him for a second term.‘Sweep them Clean,’ Bring More Opposition Members – TinubuPresident Bola Tinubu has welcomed the gale of defections in the ruling All Progressives Congress, saying he expects more opposition party members to join his party.The President said this at the APC National Summit on Thursday in Abuja.In his speech, the President said he is happy about the wave of defections into the APC and urged the ruling party’s leadership to bring in more opposition members.President Tinubu also slammed critics who accused his government of installing a one-party state due to the recent gale of defections. He said those defecting to the APC should not be blamed because they were in a sinking ship.The President said, “You don’t blame people bailing out of a seeking ship, when they have no life jacket. I am glad of what we have and I’m expecting more to come. That’s the game. We are in a constitutional democracy; don’t forget the freedom of movement and freedom association is not criminally punishable. Welcome to the progressives, sweep them clean.”Earlier, the APC National Working Committee members led by the party’s National Chairman, Abdullahi Ganduje, endorsed President Tinubu for a second term.The endorsement followed the National Assembly’s declaration of support for the President as their sole candidate for the 2027 presidential election.Sen. Godswill Akpabio, the President of the Senate, moved the endorsement, which was seconded by Hon. Tajudeen Abass, the Speaker of the House of Representatives.Defect with Me to APC or Resign, Gov Eno Tells Commissioners, OthersAkwa Ibom State Governor, Pastor Umo Eno, has directed all commissioners and political appointees in his cabinet to either defect with him to the All Progressives Congress, APC, or resign from their positions.The directive was reportedly issued during an ongoing State Executive Council (EXCO) meeting on Thursday, where the governor openly confirmed his decision to leave the People’s Democratic Party, PDP, for the APC.Sources present at the meeting disclosed that Governor Eno made it clear that his defection should come as no surprise to any of his appointees, stating:“Anybody who claims he is not aware of my intention to leave the PDP is still living in the 18th century,” he said.He explained that his decision to align with the APC was driven by his admiration for the leadership style of President Bola Tinubu, adding that he wants to work more closely with the Federal Government.The governor issued a stern warning to his appointees, saying he has “nothing to negotiate” with anyone unwilling to follow his political direction.“Apart from elected officials like House of Assembly members and Local Government Chairmen, I have nothing to negotiate with you,” Eno declared.“Let me tell you, anybody who believes that when I leave the PDP he will use the party structure to fight me is lying, because I will still control the PDP structure.”As of the time of filing this report, the State Executive Council meeting was still in session, with further developments expected in the coming hours.Nigerian Voters, not Govs ‘ll Decide Tinubu’s Fate in 2027 – WabaraOn the contrary, former Senate President and the Chairman Board of Trustees, BoT, of Peoples Democratic Party, PDP, Senator Adolphus Wabara, has said that the Nigerian electorate, and not a few governors, will decide the fate of President Bola Tinubu in 2027.Senator Wabara was reacting to the adoption of Tinubu by APC governors as their sole candidate for the 2027 presidential race.However, he commended the governors for giving the President the right of first refusal, which he acknowledged “is a global practice and tradition”. But he added that being the flag bearer of the ruling party does not translate to automatic victory at the pool.Senator Wabara recalled that in 2015, PDP’s presidential flag bearer, President Goodluck Jonathan, was a sitting President but lost to the then opposition APC’s candidate.The former Senate President told the APC governors to allow President Tinubu’s work to speak for him.He said that the Nigerian masses “Who on a daily basis, feel the impact of the APC-led Federal Government, are the only ones to decide the President’s fate in 2027”.The PDP BoT Chairman argued that “it’s too early to overheat the polity with 2027 elections when INEC has not lifted the ban on campaigns.He “advised APC governors to rather concentrate on how to make life affordable for Nigerians, who are battling to survive the hardship inflicted on them by APC’s maladministration”.The former Senate President accused the APC of foisting one party system on Nigeria. He warned of the grave danger such drifting poses to the country’s democracy.

Continue Reading

COVER

Renewed Herdsmen Attacks Kill Two Soldiers, Two Villagers in Benue

Published

on

Share

From Attah Ede, Makurdi

Gunmen suspected to be armed herdsmen have reportedly killed four persons, including two soldiers in a renewed attack on a community in Apa Local Government Area of Benue State.The latest attack had led the residents to flee to Ugbokpo headquarters of Apa LGA where they are taking refuge.

Some locals who spoke to DAILY ASSET yesterday identified the attacked communities as Ikobi which is located just a few kilometres away from Ugbokpo, the headquarters of Apa local government area.
According to residents, the incident happened on Wednesday at about 3:30AM when the assailants invaded the community in a commando style, ambushing the soldiers who were conducting surveillance in the area and allegedly killing two of them.
An eyewitness, who spoke on condition of anonymity, told DAILY ASSET through text message on Thursday that “The herdsmen, yesterday (Wednesday) attacked and killed four persons including two soldiers and made away with the military’s two AK47 and one SMG Gun, at Ijaha Ikobi, in Apa Local Government Area of Benue”.He gave the names of the civilian victims (Natives), who were killed to include; Ocheje Ngbede Sani and Aduba Paul Ogboyi, while names of the two soldiers killed as at the time of filing this report, were yet to be unknown.He lamented that the current security situation in Benue State called for concern of everyone and the entire Nigeria.The source insisted that both military and other paramilitary ought to have taken over the whole surrounding bushes in Apa and Agatu, to clear the insurgents and free the areas for farmers to farm peacefully.”This is a wakeup call to “Mopol 80″ stationed at Odugbo, to rise up to their responsibilities and face the criminal herders headlong and clear the bushes in Apa and Agatu axis and even other parts of zone C. Enough is enough! No one has a monopoly of violence”, he said.”We pray for the souls of the innocent farmers and Gallant Officers who were killed at Ijaha Ikobi in Apa and the souls of others, rest in peace Amen,” he added.Council’s chairman of Apa local government, Adam Ochega Ogwola confirmed the incident to newsmen in Makurdi on Thursday, describing the killing of the soldiers and innocent civilians as quite disturbing.”Yes, I can confirm that two soldiers and two other civilians were killed by herders.”At about 3:30am yesterday I received a call that there was an attack in the Ikobi community and when I called some people, there was no response from them. Later I heard that two soldiers were killed. So this morning, they discovered the bodies of the two civilians.”The attack took place at Ikobi community in Apa. The situation is relatively calm now. Soldiers and police are there to carry out their investigation to ensure that normalcy returns to that community.”Because of the culture of our people, you don’t normally keep accidental dead bodies in the mortuary. We are in the period of hit and run herders. When it happens we may not allow the corpse(s) to stay beyond 24hrs. So, they have been buried while the bodies of the late soldiers have been moved from that community. But I don’t know whether they are in a mortuary in Ugbokpo or in a mortuary in Makurdi”, the chairman stated.Effort to get confirmation from the Benue State Police Command proved abortive as the spokesperson for the command, Catherine Anene could not respond to calls and texts messages as at the time of filing this report.

Continue Reading

COVER

Again, Dangote Refinery Slashes Petrol Prices Nationwide

Published

on

Share

By Tony Obiechina, Abuja

The Dangote Petroleum Refinery has announced a fresh cut in the pump prices of Premium Motor Spirit (petrol) nationwide.The new rates now range from N875 to N905 per litre, depending on location.A breakdown of the revised prices shows, Lagos: N875, South-West N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905Prices indicate a N15 reduction per litre across all regions and partner retail outlets, applying to all major fuel marketers in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.

Before the new price template, Lagos residents paid N890 per litre, while prices rose to N920 in the North East and South-South regions.
Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre with the new adjustments.“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice.The development comes after the 650,000 Lekki-based refinery on Monday said the naira-for-crude deal allowed it to reduce the price of petrol at the pumps.In a statement signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.The company affirmed that the prices of petrol will remain affordable and stable.

Continue Reading

Read Our ePaper

Top Stories

NEWS15 minutes ago

Alausa Condemns Incident in Viral Asaba Exam Video

ShareThe Federal Ministry of Education has condemned the incident involving candidates sitting the West African Senior School Certificate Examination (WASSCE)...

NEWS21 minutes ago

Zulum Announces Scholarship for Female Indigenous with 250, Above in UTME

ShareGov. Babagana Zulum of Borno has announced a full scholarship for all female indigenes of the state who scored 250...

NEWS26 minutes ago

PCRC Gets New Leadership in Imo

ShareThe Police Community Relations Committee (PCRC) in Owerri has elected and inaugurated a new set of executive officers led by...

NEWS30 minutes ago

Chinese Envoy says Tea Trade with Nigeria Thriving, Strengthening Ties

ShareChinese Ambassador to Nigeria, Yu Dunhai, said on Saturday that tea trade between China and Nigeria is thriving and enhancing...

Foreign News37 minutes ago

Fate of Nigerian Medical Students from Sudan Hangs in Balance

Share A group of 47 Nigerian medical students who escaped war-torn Sudan in May 2023 are now struggling to register...

NEWS43 minutes ago

Rivers Govt. to Revamp Underutilised Technical Vocational Centre

ShareThe Rivers State Government has announced plans to revitalise the underutilised Technical and Vocational Centre in the state.The Rivers Sole...

NEWS47 minutes ago

Achieving Peace not Just About Wielding Guns – Jonathan

ShareFormer President Goodluck Jonathan says achieving peace in society goes beyond carrying rifles and guns, insisting that justice and equity...

Airforce Destroys Terrorists Structures in Bakassi Airforce Destroys Terrorists Structures in Bakassi
NEWS23 hours ago

21 Terrorists Neutralised in Damboa Again  — Army

Share Troops of Operation Hadin Kai (OPHK) have repelled a deadly attack by ISWAP terrorists in Damboa, Borno, neutralising 21...

NEWS1 day ago

Enugu Govt Sets up Human Development Council

ShareGov. Peter Mbah of Enugu State, on Friday, inaugurated the Enugu State Human Development Council at the Government House. He...

NEWS1 day ago

ASUU Demands Action, Threatens Nationwide Strike

ShareThe Academic Staff Union of Universities (ASUU) has urged the Federal Government to honour the 2009 FG/ASUU agreement or face...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc