NEWS
FG Strategises for Post COVID-19 Oil, Gas Sector Era–Sylva
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.
NEWS
2026 International Democracy Day: Group Tasks NASS on Special Seat Bill
By Laide Akinboade, Abuja
League of Women Voters
of Nigeria (NILOWV) on Tuesday, tasks the National Assembly on the quick passage of Special Seat bill for women and people with disability.
The President of NILOWV, Hon.
Irene Awunah-Ikyegh, stated this while briefing the media in commemoration of 2026 International day of Democracy, in Abuja.She lamented that no nation can claim to leave a lasting democratic legacy without it’s commitment to inclusive democracy that include women and people with disabilities.
She there begged NASS not to waste the opportunity but to make history, the opportunity to tell the daughters of
Nigeria that Parliament sees them, the opportunity to tell young women that their political aspirations
are legitimate, the opportunity to strengthen our democracy.
She said, “The Special Seats Bill presents an opportunity to leave a lasting democratic legacy. The question is not
whether Nigerian women are asking for too much. The question is whether Nigeria can continue to
claim that it is committed to inclusive democracy while women remain so dramatically
underrepresented.
“You have the opportunity to make history, the opportunity to tell the daughters of
Nigeria that Parliament sees them, the opportunity to tell young women that their political aspirations
are legitimate, the opportunity to strengthen our democracy. Please, do not waste this opportunity”.
She noted that, “This day is not merely a day for speeches, ceremonies and declarations. It is a day for reflection. It is a day to ask difficult questions. It is a day to examine whether the democracy we practise truly reflects the aspirations of the people. It is a day to ask whether every citizen has a meaningful opportunity to participate. It is a day to ask whether our institutions are working. It is a day to ask whether our political
parties are truly democratic. And, most importantly for us at NILOWV, it is a day to ask whether Nigerian women who constitute approximately half of our population are being given a fair and meaningful opportunity to participate in political leadership and decision-making”.
She lamented, “The final list of National Assembly candidates provides us with a sobering picture. There are 4,408
candidates contesting for seats in the Senate and House of Representatives. Of this number: 3,965 are
men while only 443 are women. Women therefore constitute approximately 10 percent of the candidates, while men constitute approximately 90 percent. This means that, for roughly every one
woman appearing on the National Assembly ballot, there are about nine men.
“These figures are more than statistics they represent the continuing imbalance in access to political power. They tell us that although Nigerian women are participating in the political process, the pathway from participation to actual political power remains extremely difficult and this is where we must
distinguish between participation and representation.
“Women may constitute a large proportion of voters Women may attend political meetings. Women may
mobilise communities. Women may campaign tirelessly. Women may provide food, logistics and
grassroots structures during elections.
“Women may even constitute the majority of volunteers in some
political activities but when it comes to the point at which tickets are allocated, resources are distributed and candidates are selected for elective office, the numbers suddenly collapse.
“That is the problem Women are often visible in political mobilisation but invisible in political power that
is not equality that is not inclusion and that is not the democracy Nigeria should be proud of” .
She decries, “We must humanise these figures. Behind the 443 women on the ballot are hundreds of Nigerian women
who have decided that they are ready to serve but behind the thousands of women who are not on the
ballot are also stories. There is the woman who wanted to contest but could not afford the nomination
and expression-of-interest fees. There is the woman who had the qualifications but lacked the political
godfather.
“There is the woman whose party told her to wait. There is the woman who was encouraged to contest but later discovered that the ticket had already
been informally allocated. There is the woman who was told that she could serve better as a campaign
mobiliser than as a candidate. There is the woman who was warned that politics is too dangerous for
her.
“There is the woman who was threatened. There is the woman who was sexually harassed. There is
the woman who was subjected to online abuse.There is the woman who was told that she was too ambitious. There is the woman whose competence
was questioned simply because she is a woman and there are women who have watched all these
experiences and quietly concluded:
“Perhaps politics is not for people like me.”
She therefore concluded by urging every Nigerian not to give up on democracy, ‘Instead, demand a better democracy.
Democracy belongs to citizens. If we withdraw, others will’.
NEWS
Abia Targets UNESCO Recognition of Heritage Sites
The Abia Government has elevated selected cultural and natural sites to state heritage and monuments as part of efforts to position them for recognition as UNESCO World Heritage Sites.
Commissioner for Information, Okey Kanu, said this while briefing newsmen on the outcome of the State Executive Council meeting on Monday in Umuahia.
Kanu said the State Executive Council had approved the declaration of selected heritage and natural sites as state heritage and monuments to strengthen their preservation and promotion.
He said the approved sites included the National War Museum, Ojukwu Bunker and Government College, all in Umuahia, as state monuments.
He also listed the Ibom Waterfall in Arochukwu and Ulochukwu Caves at Alayi Bende as state natural monuments.
According to him, the elevation of the sites would enhance their tourism potential and position them for possible recognition as UNESCO heritage sites.
Kanu also announced the designation of Aba as a Creative and Innovative City, saying the move was part of efforts to promote the state’s cultural, creative and tourism potential.
He further said that the retrofitting of the Ojukwu Bunker and National War Museum had reached about 80 per cent completion and was expected to be completed before the end of 2026.
The commissioner said that the projects, when completed, would enhance the preservation and historical value of the sites, improve visitor experience and increase their tourism potential.
Kanu said the Ministry of Arts, Culture and Creative Economy had commenced the development of the Ibom Waterfall Tourism Corridor in Arochukwu.
He said that initial development works, including the grading of access roads to the waterfall, had commenced, adding that the project was expected to be completed before the end of 2026.
According to him, the project is expected to unlock additional tourism and economic opportunities in the state.
He said that the ministry had also commenced the erection of monuments at strategic locations across the state to preserve Abia’s heritage and honour its heroes and heroines.
Kanu said one of the monuments would honour the heroines of the 1929 Aba Women’s Uprising, celebrating their courage, resilience, resistance and leadership.
The commissioner said that the initiatives reflected the state government’s broader efforts to preserve its historical and cultural assets while using them to drive tourism and economic development.
On tax rates in the state, Kanu said the rates being circulated were not new, adding that most dated back to 2020 and were introduced by the previous administration.
He said that the Abia Board of Internal Revenue could not increase tax rates without enabling laws and that no such increase had been introduced by the board.
Kanu also dismissed reports that an akara seller was paying N50, 000 in tax, describing the claim as false.
“Akara sellers don’t pay tax or levies, they pay daily tolls, and none can pay as high as N50, 000,” he said.
On gratuity payments, Kanu said that the state government had paid the batch covering 2001 to 2010, while preparations covering 2011 to 2025 were being processed.
He dismissed claims that the government was compelled by the opposition to commence gratuity payments, describing the narrative as misleading.
He explained that the government had incorporated gratuity provisions into its 2026 to 2030 Medium-Term Expenditure Framework to ensure that future arrears did not accumulate.
“This does not translate to the payments being terminated in 2031.
“So, as soon as the internal processes are done with, these payments will continue at pace and in batches,” Kanu said.(NAN)
NEWS
TCN Announces Annual Maintenance at Ajaokuta Transmission Substation
The Transmission Company of Nigeria (TCN) has announced an annual preventive maintenance of its 330/132 Kilo Volt (kV) at Ajaokuta Transmission Substation.
It said that the maintenance was scheduled to take place on Tuesday from 9am to 4pm.
The management of the company announced this on its X handle in Abuja on Tuesday.
According to TCN, the exercise will enable its crew to carry out preventive maintenance on the 162 MegaVolt Ampree (MVA), 330/132kV power transformer, associated switchgear and ancillary equipment in the substation.
It said that the Abuja Electricity Distribution Company (AEDC) would be unable to off-take electricity to its customers in Ekirin, Omuo, Ibillo, Akoko, Ogala, Ikare, Magongo, Okene Town, Ayere, Kabba and environs during the period.
”Similarly, Benin Electricity Distribution Company (BEDC) will be unable to off-take electricity to its customers in Okpella Town, BUA Cement Company, West African Fertiliser Company, Dibeks Milling Company, and Edestein Company.
”Other areas to be affected include the Freedom Group Company, Ososo, Uluoke, Iyora, Apana, Okpekpe, Arigidi, Ikare Town, Lampese, Igara, Oka and environs,” it said.
The company said that power supply would be restored to the affected areas upon completion of the exercise.
It also apologised for the inconvenience the planned maintenance would cause affected electricity customers, and appreciated their understanding and cooperation.(NAN)


