Connect with us

NEWS

FG Strategises for Post COVID-19 Oil, Gas Sector Era–Sylva

Published

on

Share

The Minister of State for petroleum Resources, Chief Timipre Sylva says the federal government is strategising to ensure efficient oil and gas sector in the post COVID-19 era.

Sylva made this known while presenting a keynote address at the 13th Annual International Conference of the National Association of Energy Economics (NAEE) in Abuja yesterday.

The theme of the Conference is “Energy and Petroleum in post COVID-19 world’’

“Our strategy to strengthen the Nigerian oil and gas industry in a post-COVID-19 world is to transform our national oil company into a diversified energy holding company.

“This will enable us respond swiftly to the twin challenges of a future crash in crude oil prices and decarbonization, by moving rapidly to becoming an energy holding company with more diverse interests.

“Consequently, we have strategically focused on our vast natural gas resources, as a critical transition fuel to help battle global warming and function as bridge between the dominant fossil fuel of today and the renewable energy of tomorrow.

“Natural gas has the intrinsic ability to meet the increasing global requirement for cleaner primary energy use, while at the same time, enabling much needed domestic industrialisation for rapid economic growth in very few endowed countries, such as Nigeria,’’ he said.

He noted that substituting traditional white products with gas would cushion the effect of the deregulation of the downstream petroleum sector and stimulate economic growth.

He added that it would further improve Nigeria’s energy mix; drive investments and create enormous job opportunities for Nigeria.

“Recently we declare 2021 to 2030, the decades of gas in Nigeria, after making laudable achievements and successes in 2020.

“In order to effectively develop our gas sector, we have proposed fiscal incentives that would attract investments in the Petroleum Industry Bill, PIB. We can assure you that the fiscal provisions would be one of the most attractive in Africa.

“COVID-19 pandemic and progressive decline in crude oil prices in 2020, has made it imperative for Nigeria to aggressively pursue the diversification of its portfolio to non-oil businesses so as to cushion the effect of a future crash in crude oil prices and position the oil and gas industry for growth in a post-COVID world,‘’ he added.

The Minister further said that the post COVID-19 world would see the oil and gas industry accelerate its transition towards cleaner energy sources, products and service delivery and clear paradigm shift from traditional business models.

“The Pandemic has created a perfect storm that along with ongoing needs to reduce carbon emissions will transform the industry.

The future survival and success of many in the industry depend not only in achieving cleaner energy source but also the ability to deliver lower cost solutions,’’ he said.

In her address, National President of the NAEE, Prof. Yinka Omorogbe, also warned that the Nigerian petroleum industry might be negatively impacted by the COVID-19 pandemic, especially as the industry currently lacks the capacity to change and adapt to global trends.

According to her, Nigeria presently stands at a critical moment as a petroleum dependent nation.

She added that there was an urgent need to critically understand and unravel energy and petroleum issues in a post-COVID-19 world and see how best the country could weather the inevitable storm.

“What is worrying is that the Nigerian petroleum industry has so far exhibited a worrying incapacity to change and adapt, as evidenced by about 20 years of petroleum reform that has refused to even take the first step of enacting badly needed legislation.

“This is tragic, because even before the COVID-19 pandemic, Nigeria had ceased to be a beautiful bride, several new producers were springing up in Africa, and all over the world and the green movement is becoming a reality,” she said

Also, Executive Secretary of the Petroleum Technology Development Fund, (PTDF), Dr Bello Gusau, noted that the COVID-19 pandemic had significantly impacted on its programmes, especially as most of its human capital development programmes were conducted overseas and through physical meetings.

Gusau, who was represented by General Manager, Strategic Planning of the PTDF, Mr Jide Adebulehin, explained that in the second quarter of 2020, many of these programmes were severely disrupted due to physical distancing protocols and closure of airports among others.

“The prospect of declining revenue from oil, high inflation, high cost of materials and the advent of a recession have impacted the development of new infrastructural projects and completion of ongoing projects is now at a very high cost.

“In addition, there has been reduced opportunity for industry stakeholders’ collaboration and linkages.

“However, to mitigate these challenges, the fund had to quickly review its operations to eradicate manual processes to pave way for new automated flow work that are safer and efficient.

“It is necessary that as 2020 winds up, the various challenges should be considered as learning points for players in the petroleum industry,” he said.

Health

Nigeria Requires N2.2trn to Eliminate Cervical Cancer by 2030 – Prof. Adewole

Published

on

Share

 Prof. Isaac Adewole, Chairman of the National Task Force on Cervical Cancer Elimination (NTF-CCE), says Nigeria will require N2.2 trillion to implement comprehensive cervical cancer interventions between 2026 and 2030.

Adewole, a former Minister of Health, made this known on Tuesday in Abuja during the launch of the Partnership to Eliminate Cervical Cancer in Nigeria (PECCiN), an initiative of the NTF-CCE.

The initiative, launched at the State House by the First Lady, Sen.

Oluremi Tinubu, aims to accelerate Nigeria’s achievement of the World Health Organisation’s (WHO) 90-70-90 targets for cervical cancer elimination.

reports that PECCiN seeks to catalyze multi-sectoral efforts to prevent, screen, and treat cervical cancer through sustained coordination, resource mobilization, and scale-up of service delivery.

According to Adewole, the interventions are grouped into three categories: primary prevention, secondary prevention, and tertiary treatment.

He explained that the Human Papilloma Virus (HPV) vaccination programme will be delivered through fixed sessions at health facilities and outreach-based immunisation campaigns.

“The total direct implementation cost over the five years is estimated at N387.52 billion,” he said.

“Including administrative and supervisory costs, the total cost of HPV vaccination will amount to N426.28 billion.”

He said cervical cancer screening over the same period is estimated to cost N351 billion, targeting 14.4 million women.

On tertiary treatment, Adewole noted that nearly 300,000 women will require care for invasive cervical cancer between 2026 and 2030.

“The country is projected to spend approximately N1.42 trillion on treatment, with the cost per patient dropping from N8.7 million in 2026 to N4.1 million by 2030,” he added.

In spite of other competing priorities, he urged investment in cervical cancer elimination due to its high return on investment.

“We seek your commitment and support to implement robust cervical cancer elimination interventions in Nigeria.

“This will ensure that every woman is financially protected throughout her life and no eligible adolescent is left behind in HPV vaccination.”

Dr Muyi Aina, Executive Director of the National Primary Health Care Development Agency (NPHCDA), said the Federal Government launched the HPV vaccine campaign on Oct. 24, 2023, targeting girls aged 9 to 14.

He announced that 14 million girls had already received the vaccine.

“This milestone is unprecedented globally and was achieved through strong leadership from President Bola Tinubu, the support of the First Lady, and collaboration across ministries and communities.

“The media also played a key role in spreading awareness and engaging civil society.”

Aina reaffirmed the agency’s commitment to sustaining the programme, stating that the HPV vaccine has been incorporated into the routine immunisation schedule and that primary healthcare centres are being revitalised to support service delivery.

Prof. Usman Aliyu, Director-General of the National Institute for Cancer Research and Treatment (NICRAT), described cervical cancer as a serious burden affecting mothers, sisters, caregivers, and peers across communities.

He said the growing burden prompted the development of the National Strategic Plan for the Prevention and Control of Cervical Cancer (2023–2037).

“This plan, reflecting best practices and local realities, serves as our national roadmap for cervical cancer elimination,” he said.

Aliyu added that NICRAT has constituted a national taskforce comprising experts and stakeholders to drive implementation.

He also highlighted efforts to promote innovative research, harmonise treatment protocols, and expand culturally sensitive awareness and screening campaigns.

The event featured the presentation of the National Cervical Cancer Elimination Plan and the unveiling of the PECCiN partnership logo. (NAN)

Continue Reading

Health

Otu’s Wife Champions Healthcare Access for 500 Elderly Citizens

Published

on

Share

The Wife of the Cross River Governor, Mrs Eyoanwan Otu, has sponsored the enrollment of 500 senior citizens, aged 70 and above, into the Cross River Health Insurance Scheme.

The gesture, which covers the premiums of the elderly citizens for two years, targeted the vulnerable senior citizens in the 18 Local Government Areas of the state.

The Director General of the agency, Mr Godwin Iyala, described the initiative as “a significant milestone in the first lady’s humanitarian outreach”.

According to Iyala, the first lady had already made full financial commitment to cover the 500 beneficiaries for the next two years.

“This initiative prioritises our elderly population, many of whom had spent decades serving their families and communities.

“Her Excellency has once again demonstrated her deep sense of empathy and leadership.

“The ripple effect of this act is far-reaching because when the aged are cared for, families are relieved, and the moral fabric of our society is strengthened,” he said.

He commended Otu for the initiative, describing it as a lifeline for elderly citizens, particularly those in the rural areas, who face significant barriers in accessing healthcare.

Iyala stated that the Agency would begin immediate enrollment of the beneficiaries into the health insurance database, to ensure they begin to enjoy prompt and uninterrupted access to medical services.

He further said that the initiative was expected to significantly ease the burden of healthcare cost to elderly citizens, offering them a renewed sense of dignity and security in their twilight years. (NAN)

Continue Reading

NEWS

2027: Tinubu’s Endorsement by APC Govs in Order – TDF

Published

on

Share

The Democratic Front (TDF) has dismissed the statement credited to the Coalition of United Political Parties (CUPP) criticising the endorsement of President Bola Tinubu for a second term by members of the ruling All Progressives Congress (APC).Malam Danjuma Muhammad, the Chairman of TDF, in a statement on Monday, stated that CUPP was in no position to dabble into the internal affairs of the ruling party.

“We condemn, in the strongest terms, the unwarranted criticism of President Bola Tinubu’s endorsement by Governors elected on the platform of the ruling APC by the defunct Coalition of United Political Party (CUPP).
“Like an attention-seeking meddlesome interloper, the group described the endorsement of President Tinubu by his party members as their flag bearer in the 2027 presidential election as a desperate bid for power.
“While we are not opposed to CUPP’s right to self-expression as provided by the Nigerian constitution, we expect the leadership of the political interest group, to show respect for APC’s right to conduct its internal affairs within the limit of its constitution,” said TDF.The group said it recalled that in the run-up to the presidential elections in 2019, the then CUPP and its leadership threw its support behind the candidature of the former Vice President Atiku Abubakar of the People’s Democratic Party (PDP).“And of course, it backed Labour Party’s Peter Obi in 2023, especially as its National Secretary, Peter Amen, even contested for a seat in the House of Representatives in Kogi State on LP’s platform.“So, it is clear that the current CUPP leadership has always been opposing the ruling party.“Furthermore, the CUPP should be reminded that APC has a precedence of picking an incumbent president as its presidential flag bearer through the consensus of members of the Party,” the group stated.It said CUPP’s stance on APC’s internal affairs of the APC amounted to overstepping its boundaries as well as a flagrant disregard for the constitutional rights of others.“We, therefore, urge Nigerians to see the CUPP for what it is: a partisan opposition to the ruling APC. It is simply a Special Purpose Vehicle (SPV) concocted with a narrow mindset to achieve personal political aggrandisement,” said TDF.It added that there was nothing wrong with President Tinubu’s endorsement at the recent APC summit because it was the party’s internal affairs. (NAN)

Continue Reading

Read Our ePaper

Top Stories

POLITICS3 hours ago

CP-PDP to Wike: “You’re Not Recognized as PDP Member”

ShareBy Mike Odiakose, Abuja The The Conference of Professionals in the PDP (CP-PDP) on Wednesday said the Minister of the...

Health5 hours ago

Nigeria Requires N2.2trn to Eliminate Cervical Cancer by 2030 – Prof. Adewole

Share Prof. Isaac Adewole, Chairman of the National Task Force on Cervical Cancer Elimination (NTF-CCE), says Nigeria will require N2.2 trillion...

Health5 hours ago

Otu’s Wife Champions Healthcare Access for 500 Elderly Citizens

ShareThe Wife of the Cross River Governor, Mrs Eyoanwan Otu, has sponsored the enrollment of 500 senior citizens, aged 70...

JUDICIARY6 hours ago

Man Docked for Allegedly Cyberstalking Girlfriend

Share A 26 – year-old man, Damilola Emmanuel, was arraigned in an Iyaganku Chief Magistrates’ Court for allegedly cyberstalking his girlfriend....

General News6 hours ago

Eid-el-Kabir: Gov. Idris Doles out N336.8m to 11,229 women

ShareGov. Nasir Idris of Kebbi, has doled out N336.8 million to 11,229 women from 3,743 polling units  across the 21...

General News6 hours ago

 

ShareTinubu’s 2 years Achievements Superseded Other Administrations-Information Minister  The Minister of Information and National Orientation, Alhaji Mohammed Idris, says the...

General News6 hours ago

Eid-Kabir: FRSC Deploys 517 Personnel, 16 Vehicles to Monitor Festivity

ShareThe Zamfara Sector Command of the Federal Road Safety Corps (FRSC) says it has deployed 517 personnel and 16 operational...

Metro7 hours ago

Federal Workers Demand Arrears, Threaten Protest

ShareCivil servants under the Federal Workers Forum have appealed to the Federal Government to pay outstanding arrears, including wage awards...

Metro7 hours ago

Road construction: Wike Pledges Full Compensation for Residents of Guzape, Kpaduma

Share The Federal Capital Territory Administration (FCTA) will ensure that residents of Guzape and Kpaduma communities affected by road construction in...

General News7 hours ago

Anambra Govt to Establish Electricity Commission to Promote Industrialisation

Share Dr Law Mefor, Commissioner for Information in Anambra says the state Government has concluded plans to establish Electricity Regulatory Commission ...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc