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Minister Tips Gas as Nigeria’s Hope for Economic Development

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Chief Timipre Sylva,

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has described the country’s gas expansion programme as a highway to economic prosperity and development.

Sylva said this when he featured on NAN Forum, the flagship interview programme of the News Agency of Nigeria (NAN), to highlight the achievements recorded in the oil and gas sector since he assumed office about two years ago.

He noted that the Federal Government embraced the gas expansion programme having realised that the country had abundant gas resources and that there was a need to focus on it as a bridge to renewable fuels.

“Last year we declared 2020 the year of gas because we realised that we need to focus on gas as a bridge to renewable fuels and we have abundant gas resources, so we need to take advantage of it,” he said.

According to him, the Federal Government is now paying greater attention to gas development because it provides a bigger linkage to the economy than crude oil.

“Gas is produced and it can be transformed to fertiliser and fertiliser can fertilise our agricultural sector.

“Also, the gas that is produced can be transformed into petrochemicals, and petrochemicals can be transformed into everything that we need in life including the plastic on the camera, phones, even the clothes we wear.

“Petrochemicals come from gas, and gas can be transformed to methanol, and this is the basis of chemical and pharmaceutical industries.

“So you can imagine if we harness our gas resources and do a fertiliser blending plant based on gas, then produce the fertilisers and send them to the farmers.

“And you can imagine if all the farmers in Nigeria have access to cheap fertiliser what it would do for our agriculture without anybody doing anything else,” Sylva said.

The minister noted that employment generation from gas alone is immeasurable going by the number of people that would be affected in the value chain.

Sylva also said: “If you have gas and produce petrochemicals with it, from petrochemicals you produce raisins, power the textile and electricity industry or all kinds of industries, you can imagine the number of job opportunities we can create.

“Thereafter, we can use the gas to power the country.

“We have this kind of resource and we have not even scratched it and then how can we move away from it? Let us face the benefit that is in gas to develop as a country.

“I believe that if we are talking about diversifying Nigeria’s economy, gas is the option, if we go gas, we can use it to diversify the economy faster than any other commodity and fortunately we have it in abundance than any other commodity.

“That is why we are saying, dedicate the next decade to this commodity we have in abundance so that we can use it to catalyse the industrial development of Nigeria.

“That is the whole idea of the decade of gas which the president is championing.”

Energy

Mele Kyari Has Transformed NNPC, Says PPRAC

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Mele Kyari Has Transformed NNPC, Says PPRAC

…As GMD Wins 2020 Zik Leadership Award
 
The Group Managing Director/CEO of NNPC Ltd, Mallam Mele Kyari has been commended for transforming the fortunes of the NNPC from a position of loss-making into a profit-making venture.
 
The Public Policy Research & Analysis Centre (PPRAC) gave this commendation while conferring its “2020 Zik Prize for Public Service Leadership’’ on the GMD, at the Eko Hotel, Lagos, at the weekend.
 
At a well-attended event also witnessed by the Emir of Kano, Alh. Aminu Ado Bayero; Emir of Lafia, Justice Sidi Bage (rtd), and several other dignitaries, Kyari received the latest recognition from the Kebbi State Governor, Abubakar Atiku Bagudu.
 
Speaking on behalf of the Centre, Chief Mac Wabara said Mallam Kyari was recognized following his distinguished leadership role and sterling achievements in the NNPC, which are all evident through the various reforms he instituted at the Corporation through transparency and accountability.
 
He said: “Mele Kyari continues to seamlessly transform the operations of NNPC, including deepening domestic gas utilization, rehabilitation of the nation’s refineries, and public disclosure of NNPC accounts, the first in NNPC’s 44 years of existence.”
 
He added that Kyari’s greatest achievement, no doubt, was turning around the fortunes of the NNPC, from a loss of position, into a profit-making entity.
 
“Under Kyari’s watch at the NNPC, the company declared a profit after tax of N287bn in 2020 after losses were reduced from N803bn in 2018 to N1.7bn in 2019. This is unprecedented in the history of the NNPC,” Wabara stated.
 
He further explained that Mallam Mele Kyari also consistently played a huge role in the enactment of the Petroleum Industry Act (PIA), stressing that with the coming of the legislation, the NNPC is now well-positioned to operate efficiently, like its global peers.
 
Responding, Mallam Kyari said in the last two years, the NNPC has automated its processes and systems; reduced its costs of operations, and focused on delivering value to Nigerians, in line with his Management vision of Transparency, Accountability & Performance Excellence (TAPE).
 
He added that the enactment of the Petroleum Industry Act (PIA) has placed a huge responsibility on the NNPC to do things differently and be much more accountable to its shareholders, the over 200 million Nigerians.
 
He said the Zik Leadership award will spur him and his Management team to work harder towards becoming an International National Oil Company that is at par with its global peers.
 
Other recipients of the prestigious Zik Leadership Award include the Lagos State Governor Babajide Sanwo-Olu; Nasarawa State Governor, Engr. Abdullahi Sule; former Secretary to the Government of the Federation, Chief Anyim Pius Anyim; Minister of State for Health, Senator Olorunimbe Mamora; Director-General and CEO of the Nigerian Maritime and Safety Agency (NIMASA), Dr. Bashir Jamo and MD/CEO of the Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji.
 
Established in 1994 by the PPRAC and now in its 26th edition, the Zik Prize in Leadership is aimed at highlighting Dr. Nnamdi Azikiwe’s legacy of patriotic fervor and nationalist vision.
 

Mele Kyari Has Transformed NNPC, Says PPRAC
Mallam Mele Kyari, GMD/CEO NNPC.

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Oil & Gas

Africa Oil Week 2021: Sahara Group Advocates Measured Transition In Africa’s Upstream Sector

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Moroti Adedoyin-Adeyinka, Exectuive Director, Sahara Group.

Olushola Okunlade Writes

A strong delegation from leading energy conglomerate Sahara Group will canvass the adoption of an “Africa appropriate” transition agenda in the continent’s upstream sector at the Africa Oil Week in Dubai, Executive Director, Moroti Adedoyin-Adeyinka has said.

Adedoyin-Adeyinka said the event which kicks off on November 8 needs to consider the disparate development level in Africa when discussing how best the continent and its global partners should approach the desirable goal of the energy transition. “We need to have realistic goals and milestones that will ultimately enhance energy transition in Africa in a manner that leaves no one behind. Sahara Group as a foremost promoter of access to energy and sustainable environments is delighted to join other African and global stakeholders to help shape a sustainable future for upstream business in Africa, she said.

According to her, a “responsible and cleaner” production and consumption of energy in Africa holds the key to unlocking economic prosperity on the continent. “We are increasingly witnessing a paradigm shift in oil and gas policies and operations in Africa, and this is commendable. How and when Africa achieves energy transition remains a huge talking point for the world at large and we need to keep the conversation going at AOW and other platforms. We envision that desired future at Sahara Group, and we are already aligning our operations, investments, and partnerships in this regard,” she added.

Scheduled to speak on “Diversity and Inclusion”, Adedoyin-Adeyinka will be joined by Henry Menkiti, Chief Operating Officer, Asharami Energy (a Sahara Group Upstream Company), Nicolas Mignot, Chief Financial Officer, Sahara Energy Int’l Geneva, Kola Motajo, Vice President, Treasury, Sahara Energy Int’l Geneva, Andrew Laven, Chief Operating Officer, Sahara Energy Resources, Dubai, and Temitope Olagbami, Head, Corporate Finance, Sahara Group.

Moroti Adedoyin-Adeyinka, Exectuive Director, Sahara Group.
Moroti Adedoyin-Adeyinka, Executive Director, Sahara Group.

Menkiti, Mignot, and Laven will speak on panels focused on Safeguarding and Strengthening African Upstream Portfolios through Technology & Innovation, setting the green agenda, and evolution of financing. “Bringing energy to life responsibly is a brand promise that propels our operations across Africa, Asia, Europe, and the Middle East and we remain committed to using the agency of thought leadership to promote global access to sustainable energy,” Adedoyin-Adeyinka stated.

Now in its 27th year, the AOW is a global platform that facilitates conversations, investments, and thought leadership in Africa’s upstream sector, bringing together governments, national and international oil companies, independents, investors, and service providers.

The event will among other issues examine the role of diversity and inclusion within Africa’s energy transition, set the context for Africa’s energy transition, explore where the greatest impact be made within the hydrocarbon industry to address ESG goals and highlight how to promote traditional energy projects to green-minded investors and funds.

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Oil & Gas

NLNG CEO, Tony Attah Ends Tenure In August 2021; To Hand Over To Philip Mshelbila

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Tony Attah, CEO NLNG
DR TONY ATTAH, NLNG CEO

The Board of Directors of Nigeria LNG Limited (NLNG) at its last board meeting approved the appointment of Dr. Philip Mshelbila as successor to Engr. Tony Attah, Managing Director and Chief Executive Officer. 

Engr. Attah will return to his parent company, Shell, on 30th August 2021 at the expiration of his five-year tenure at the helm of affairs. Engr. Attah was appointed Chief Executive Officer by the NLNG Board in July 2016.

NLNG EXHIBITION STAND AT NOG 2021 CONFERENCE, ABUJA
NLNG EXHIBITION STAND AT NOG 2021 CONFERENCE, ABUJA

 Dr. Mshelbila,  who is rounding-up his tenure as Chief Executive Officer, Atlantic LNG Company of Trinidad & Tobago, will be taking over from Engr. Attah on 31st August 2021. 

NLNG is an incorporated Joint-Venture owned by four Shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%), Shell Gas B.V.  (25.6%), Total Gaz Electricite Holdings France (15%), and Eni International N.A. N.V. S.àr.l (10.4%).

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