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FG Releases N122bn to Transform Midstream Gas Value Chain

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The Federal Government has released N122 billion to six gas infrastructure companies with the goal of transforming the midstream gas value chain across the country.

The Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, said this at the Midstream Downstream Gas Infrastructure Fund (MDGIF)/Promoters Agreement Signing Ceremony, in Abuja on Monday.

The MDGIF entered into agreement with Gas Infrastructure Promoters, to improve Nigeria gas infrastructure.

Ekpo said that the fund was committed to the investors to ensure that Nigeria was driven by gas.

”This is a historic day for the Nigerian gas industry as we announce and finalise a partnership between public and private sectors with the goal of transforming the midstream gas value chain.

“This is a reflection of President Bola Tinubu’s efforts and enthusiasm to improve and foster business relationships between the public and private sectors.

“Today is a significant milestone as we formally enter into agreements with six business entities that have been screened to obtain government equity participation under the MDGIF,” he said.

Ekpo said the promoters were carefully chosen in compliance with the MDGIF Investment Policy Statement (MIPS) and the Petroleum Industry Act (PIA) 2021, deserve our congratulations.

“They have demonstrated their ability and commitment in supporting us to provide gas to end users,” he said.

The minister said that the MDGIF stood at the forefront of the strategy to modernise Nigeria’s gas infrastructure.

According to him, it has been designed as a catalyst for investment, aiming at bridging gaps in the gas value chain by ensuring the financing and delivery of critical projects.

“These initiatives will accelerate our journey towards energy security, industrial growth, and economic prosperity, in alignment with the goals of the decade of gas initiative.

“By bringing together government’s efforts and private sector expertise, the MDGIF is positioned to fuel growth in gas processing, transportation, storage, and distribution infrastructure.

“This collaboration is essential to achieving our target of transitioning from a crude oil-dependent economy to one driven by natural gas and its derivatives,” he said.

Ekpo said the selection process was rigorous and each of the companies was chosen for their track record of excellence, technical expertise and unwavering commitment to supporting Nigeria’s gas revolution.

“As we sign these agreements today, it is essential that we maintain a focus on delivering projects that are timely, transparent and transformational.

“The government is fully committed to supporting your efforts through policy frameworks that enable smooth execution, while ensuring that every milestone reached contributes to the broader vision of a prosperous Nigeria fueled by gas.

“I encourage each of you to continue working with the same dedication that brought you to this point.

“Together, we will chart a path toward building sustainable energy infrastructure that benefits our economy and society for generations to come, ” he said.

Amb. Nicolas Ella, Permanent Secretary of the ministry, urged the investors to be diligent and committed in the execution of the project.

Sen. Jaribe Jaribe, Senate Committee Chairman on Gas, said the senate would continue to provide support to ensure strong partnership in the implementation of the initiative.

Mr Oluwole Adama, Executive Director, MDGIF, said the project was spread across 20 Federal Universities to alleviate the cost of transportation for Nigerian students, lecturers, and administrative staff.

“It is hoped that more institutions will be included as soon as possible,” he said.

Mr Fola Akinnola, Managing Director, FEMADEC Energy, one of the beneficiaries on the project execution, said that he would ensure that the project was execute and delivered effectively and on good time.

The six companies include Asiko Energy Holdings Ltd. (AEHL), FEMADEC Energy Ltd., Ibile Oil and Gas Corporation (IOGC), Nsiko Oil and Gas Ltd., Rolling Energy Ltd and Topline Ltd. (NAN)

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NYSC Members Lack Nothing in Daura – Emir

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The Emir of Daura, Alhaji Faruk Umar- Faruk, says National Youths Service Corps (NYSC) members do not suffer anything in his domain, as they lack nothing.

The emir made the statement when he received the NYSC Coordinator in the state, Alhaji Ibrahim Sa’idu, on a courtesy visit on Thursday in Daura.

According to the emir, NYSC is the only programme left for all Nigerians that ensure unity, from government to communities and individuals.

Umar-Faruk called on all Nigerians to see the NYSC members as, ”Children of necessity, orphans who has no family, Children that also need assistance, protection, guidance and comfort.

“NYSC members should not be seen as vulnerable for exploitation and molestation, they should be provided with shelter, food and everything that will make them comfortable in any place they found themselves

“Corps members don’t suffer anything in my domain, they lack nothing, because I always do my best to ensure they are well accommodated.

He advised other communities in the country to do the same for the development and sustenance of the scheme, stressing that NYSC has done so much for the unity and integration of Nigeria after the civil war.

Earlier,  Sa’idu told the emir that he was in his palace being one of the critical stakeholders to report that he has resumed office as the new NYSC coordinator in the state, and also to request for his blessings.

The coordinator assured the emir that the scheme would continue to collaborate with the Emirate Council towards the development of the country and the nation’s unity.

The highlight of the visit was the presentation of the NYSC Katsina State End of Service Year Publication to the Emir. (NAN)

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Host Communities, Litigations Delay Trust Fund Implementation – HOSTCOM

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The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) says some delays in Host Community Development Trust (HCDT) Fund creation and implementation are caused by community members and litigations.

The HOSTCOM said pending issues by host communities in choosing members and chairman of the Board of Trustees (BoT) delayed the implementation of the HCDT funds.

Dr Benjamin Tamaranebi, National President, HOSTCOM, disclosed this to newsmen on Thursday in Abuja while making clarifications on recent claims on the Host Community Project Funding in Akwa Ibom.

Report says that  HCDTs are responsible for managing and distributing oil company funds to the host communities, ensuring that resources are used effectively for community development projects.

Host communities in Akwa Ibom had expressed frustration over the delayed release of funds by oil companies to HCDT which it said hindered the implementation of projects outlined in their respective development plans.

Community representatives from HCDTs in Ibeno, Eket, Mbo, Esit Eket, Uruan and Ikot Abasi LGAs claimed that the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) failed to enforce statutory sanctions on oil companies that delay funds.

Tamaranebi, who condemned the recent publication regarding alleged delays in funding development projects in host communities in the state, urged the public to disregard it as it was unfounded.

“We must state clearly that some of the delays of HCDTs creation are caused by community members and litigations over who wants to be a member and chairman of the Board of Trustees which has nothing to do with NUPRC.

“So, we advise communities to conduct themselves properly for the benefit of the HCDT funds,” he said.

He recalled that the NUPRC initiated the HCDTs Forum to meet with community representatives through its HCDT trustees to address broader issues and grievances ensuring continuous dialogue between host communities and the operators.

The national president said the forum had promoted transparency and accountability ensuring that community voices were heard at a higher level.

Tamaranebi said there was registration of reputable 34 asset/fund manager to invest 20 per cent of the three per cent Operating Expenses or Expenditure (OPEX) on behalf of the trusts.

“Some of the trusts are already benefiting from the dividend of this investments.

“These achievements underscore the commitment of the NUPRC and Settlors to the sustainable development of host communities.

“We encourage all stakeholders, including community members and operators, to maintain open lines of communication with the HOSTCOM or NUPRC,” he said.

On concerns regarding funding or implementation of projects, he urged parties to engage with HOSTCOM directly for resolution rather than resorting to public statements that may misinform or escalate tensions.

He added that HOSTCOM was actively monitoring the situation in Akwa Ibom and other states to continue to advocate for the rights and developmental needs of local communities.(NAN)

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Nigerian Army Emphasises Responsible Social Media use for National Security

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The Nigerian Army has stressed the importance of responsible social media usage in contributing to national security and development.

Maj. Gen. Sanusi Dahiru, Deputy Director-General of the Nigerian Army Heritage and Future Centre, made this remark at the 37th Nigerian Army Social Media Seminar in Calabar on Thursday.

Dahiru, who was the Special Guest of Honour said the seminar, noted that social media could shape the security environment but could also be misused to spread harmful content.

He encouraged Nigerians to support the army and promote community engagement.

On his part, Maj. Gen. Nosakhare Ugbo, Chief of Civil Military Affairs, emphasised responsible online behaviour to enhance national security.

He warned against spreading unverified information and urged Nigerians to be mindful of those sowing discord.

Dr Erasmus Ekpang, Cross River’s Commissioner for Information, acknowledged social media’s impact on society but also highlighted its negative tendencies, such as cyberbullying and depression.

He advocated for the military’s involvement in social media to address security challenges.

(NAN)

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