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Seplat Energy Commits To Youth Entrepreneurship Development In Nigeria

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Seplat Energy Commits To Youth Entrepreneurship Development In Nigeria

… commits another ₦16.5 million seed money

The Seplat Energy JV supports Entrepreneurship Fellowship Programme, which aims at developing participants’ leadership skills, social entrepreneurship, and business management abilities, through customized and targeted capacity-building workshops. In addition, the beneficiaries’ ability to action their ideas is supported through equipment funding and mentoring.

On April 3, the company held a special event to celebrate the past beneficiaries (Fellows) of the program, which began in 2019; also used the occasion to reaffirm the company’s commitment with another ₦16.5 million funding in seed money to the Programmes partners, Conversation for Change (C4C).

In her opening remarks, the Director of External Affairs & Sustainability, Seplat Energy, Dr. Chioma Nwachuku, noted that through the Seplat JV/C4C partnership, the company has successfully trained and supported three batches of fellows, comprising about 55 young entrepreneurs, who are thriving, creating value and boosting Nigeria’s economy.

“Each beneficiary has shown resilience, creativity, and innovation through the duration of the yearly program and has now become our proof that we could truly make Nigeria better by investing in the youth population,” she said.

Seplat Energy Commits To Youth Entrepreneurship Development In Nigeria

Members of Seplat Energy Board and management pose with the Conversation for Change (C4C) Board, youth entrepreneurs and special guests, during the cheque presentation to C4C and capacity building for past beneficiaries (Fellows) of the programme held in Abuja. … recently

A Lecture themed: ‘Unleashing Nigeria’s Untapped Potential through Entrepreneurship and Sustainability’ was delivered to the Fellows to commemorate the auspicious occasion. The well-received Lecture by Ms. Arunma Oteh, a former Independent Non-Executive Director of Seplat Energy Plc, and Scholar at Said Business School, University of Oxford, was to build more capacity and further equip the entrepreneurs.

Ms. Oteh commended Seplat Energy JV and its partner, C4C, for their strong commitment to youth empowerment in Nigeria, stating that their activities have helped reduce unemployment and ameliorate the poverty level and have also contributed to economic growth and prosperity in the country. She further asserted that: “Seplat Energy’s approach to sustainability has put the company on a very high pedestal amongst its peers, thus making the company a reference point in Nigeria and internationally.”

Also present at the event was Bello Rabiu, an Independent Non-Executive Director and member of the Sustainability Committee of the Seplat Energy Board, who restated the company’s continuous commitment to encouraging and supporting entrepreneurship in Nigeria. He noted that youth entrepreneurs are major change catalysts in any economy and all hands must be on deck in the quest to empower them and, therefore, reduce unemployment in Nigeria.

The event witnessed an impressive exhibition of various products made by young entrepreneurs, whose small-scale enterprises include but are not limited to upcycling of waste, agribusiness, beauty, and skin care, among others.

Since 2019, Seplat Energy and C4C have collaborated, to ensure that the lives of young Nigerians are improved by supporting them to start and sustain their business enterprises. From the selection process to the intensive face-to-face training on key management aspects of business, participation in internship training with credible companies in various areas of vocation, and the support provided to each of their businesses, these activities of the fellowship program have produced innovative and well equipped young social entrepreneurs, ready to take on the world of business and succeed.

Seplat Energy Commits To Youth Entrepreneurship Development In Nigeria

Members of Seplat Energy Board and management pose with the Conversation for Change (C4C) Board, youth entrepreneurs and special guests, during the cheque presentation to C4C and capacity building for past beneficiaries (Fellows) of the programme held in Abuja. … recently

The President of C4C, Dr. Kechi Ogbuagu affirms that with the collaboration of Seplat Energy and her Partners, the goal of supporting youth entrepreneurs in Nigeria has received a huge boost, thus aiding a better future for the country.

Seplat Energy has notable social programs anchored on the pillars of Health, Education, Infrastructural Development, and Economic Empowerment and geared towards supporting the achievement of the UN Sustainable Development Goals. The Entrepreneurship Fellowship Programme supports SDG 8 – Decent Work and Economic Growth and fulfills the company’s drive towards galvanizing an entrepreneurship movement amongst many more young people in Nigeria to boost economic growth.

Energy

Shell Announces Executive Committee Change

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Shell Lifts Force Majeure On 250,000bpd Bonny Export Terminal, Rises Hope For Nigeria

Rashidat Okunlade Writes

Ronan Cassidy, Shell plc’s Chief Human Resources and Corporate Officer, will step down with effect from 31 December 2023, and leave Group service thereafter.

Rachel Solway, currently Executive Vice President, Human Resources Organisation Development & Learning, will succeed Ronan with effect from 1 January 2024 and will be based in London.

Shell CEO Wael Sawan said: “I’d like to thank Ronan for his 35 years of distinguished service to Shell. In his eight years on the Executive Committee, Ronan has helped steer us through transformational change and several exceptional events, including the Covid-19 pandemic, with wisdom, integrity, and foresight. He has championed employee engagement, ethical leadership diversity, equity, and inclusion, and will leave having helped change Shell for the better.

“Rachel will bring a deep commitment to performance culture, and great energy and care for people, to this role. As we deliver more value with fewer emissions in the coming years, through a focus on performance, discipline, and simplification, Rachel will help us collectively realise Shell’s full potential.”

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NLNG Visits President Tinubu To Deepen Collaboration, Ease Of Doing Business

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NLNG Visits President Tinubu To Deepen Collaboration, Ease Of Doing Business

The Board of Directors and Management of Nigeria LNG Limited paid a courtesy visit to the President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, at the Presidential Villa in Abuja.

During the visit, Chairman, NLNG Board, HRM King Edmund Daukoru, CON, expressed profound gratitude to President Tinubu for his unwavering support in bolstering Nigeria’s position in the global energy landscape. He acknowledged the crucial role NLNG has played in Nigeria’s economy, noting the need for government support in resolving some challenges the Company is presently facing.

Speaking at the visit, the MD/CEO of Nigeria LNG Limited, Dr. Philip Mshelbila, stated that since inception, NLNG has contributed enormous revenue to the government through dividends and taxes, noting that the FIRS declared the Company as the largest tax-paying Company in 2022.

Mshelbila also emphasised that NLNG’s Domestic LPG (DLPG) Scheme has guaranteed LPG supply, availability, and affordability and has also stimulated the development of different parts of the DLPG value chain in Nigeria, with 100% of produced LPG volumes from NLNG dedicated to the domestic market, supplying about 40% of Nigeria’s domestic LPG demand.

He stressed that challenges around pipeline vandalisation have constrained NLNG’s production with consequent loss of revenue to the government. Besides, multiple taxation from various government agencies and the Finance Act, which is being amended yearly, distorts corporate planning and puts business on the back foot, stifling investor confidence and investment opportunities in the sector.

President Tinubu, in his response, thanked NLNG for the visit and commended NLNG for its steadfast commitment to excellence and immense contributions to the GDP, acknowledging the critical role the Company plays in Nigeria’s economy.

Tinubu affirmed the importance of Gas not just as a transition fuel but also as the fuel for the future, assuring that the Gas Sector would get priority attention in this administration. He assured the Board that all encumbrances to the progress and development of Nigeria’s industrial citizens as well as any further impediment to the business practice in the oil and gas sector would be swiftly removed.

President Tinubu emphasised that for the oil and gas industry to thrive, all stakeholders in the value chain, especially the host communities, need to be engaged and carried along to enable the government to build confidence and trust. He urged the Board and Management of NLNG to continue to collaborate with the government to ensure that issues can be resolved quickly and efficiently while reiterating his administration’s commitment to ensuring that businesses thrive to generate economic prosperity and sustainable development.

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Energy

NLNG Plant Is Not Shut Down, Report Is False And Misleading

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Rashidat Okunlade Writes

The Nigeria Liquefied Natural Gas Limited (NLNG) has stated that the operation at its plant on Bonny Island is ongoing, despite a Force Majeure that is still in effect.

It said that the Force Majeure, caused by the unavailability of major liquids evacuation pipelines, was due to acts of sabotage and vandalism and had not halted the overall operations of the company.

The company’s attention was drawn to a report on 17th August 2023 titled “NLNG prolonged shutdown threatens gas production,” published in one of the national newspapers.

NLNG General Manager, External Relations and Sustainable Development, Mr Andy Odeh, disclosed this in a statement on Friday 18 August 2023.

“Nigeria LNG Limited (NLNG) states that the report is false and misleading.”

“NLNG reiterates that operation at its plant on Bonny Island is still active despite a Force Majeure, which still subsists due to the unavailability of upstream gas suppliers’ major liquids evacuation pipelines occasioned by sabotage and vandalism.

“The plant continues to produce LNG and LPG commensurate to the feed gas it receives from its upstream gas suppliers. Its cargo loading operation also continues without interruption. The latest cargo from the Bonny plant sailed on 17th August 2023 to the St. Croix, U.S. Virgin Islands, carrying 140,000 M3 of LNG.

“NLNG remains committed to collaborating with key stakeholders to minimise the impact of the consequent gas supply shortage.

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