Connect with us

Business

Nigeria LNG Reiterates Commitment to Cleaner Environment

Published

on

Train 7 Project
  • Nigeria LNG Reiterates Commitment to Cleaner Environment

The Nigeria Liquefied Natural Gas (NLNG) has reiterated its commitment to sustained supply of cooking gas to the local market, to boost domestic consumption and a cleaner environment.

Mr Tony Okonedo, the company’s Manager, Media Communications, disclosed this in a statement in Lagos on Friday.

Okonedo said that the Managing Director of Nigeria LNG, Mr Tony Attah, restated the commitment during a visit to key Liquefied Petroleum Gas (LPG) facilities in Apapa.

Attah said that the assurance became necessary to ensure the use of cleaner energy for the health benefit of Nigerians and for a cleaner environment, in line with the mission of the company to help to build a better Nigeria.

According to him, NLNG is the biggest receptacle for gas in the country and its contribution has changed the game in the nation’s gas industry.

“We have since helped in the reduction of gas flared in the country from 65% to less than 20 per cent.

“And as part of our vision to help build a better Nigeria, we are focused on the sustained supply of LPG in a bid to deepen its usage in the country.

“Also, to promote a healthy environment, and reduce deaths from inhalation of smoke from the combustion of dirty fuels,’’ he said.

Attah said that the volume of LPG in the market was less than 50,000 tonnes per annum, before the NLNG intervention in 2007, and since then, deliveries have been on the increase with 262,000 tonnes delivered in 2016.

He, however, said the total domestic consumption was at over 450,000 tonnes, adding that the company was focusing on a better environment through steady supply of LPG.

The Deputy Managing Director of Nigeria LNG, Mr Sadeeq Mai-Bornu, said that there were opportunities for partnerships with Nigeria LNG and businesses, to create employment from new business opportunities, thereby reducing poverty.

Mai-Bornu said that Nigeria LNG was the arrowhead of the Federal Government’s drive to reduce gas flared in the country and was committed to ensuring reliable supply of the product for a cleaner environment.

On his part, Mr Kudo Eresia-Eke, General Manager, External Relations, Nigeria LNG said, “As part of NLNG’s constant advocacy in helping to build a better Nigeria, it is focusing on supply of LPG and has currently dedicated 350,000 tonnes per annum for the domestic market.

He said that the visit of the management of NLNG was to explore new ways to enhance the flow of the product into the market, so that its price can be reduced and the product becomes easily affordable.

“Before the intervention of Nigeria LNG in the local LPG market, the product, like all other petroleum products in the country, was imported and sold to marketers for distribution and retail supply to consumers.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Brands

Samsung, Vision Care Begin Fresh CSR Activities, Earmark 12,000 Masks for Nigeria

Published

on

Samsung Heavy Industries Nigeria Limited (SHIN) and Vision Care, an international relief organization dedicated to the prevention of blindness, have launched fresh Corporate Social Responsibility (CSR) initiative to help Nigeria mitigate the impact of COVID-19 pandemic.

Vision Care is a member of the International Agency for the Prevention of Blindness (IAPB), and participant of ‘VISION 2020’, a global initiative of the IAPB and the World Health Organisation (WHO).

Vision Care has since conducted more than 25 Vision Eye Camps yearly and has grown into an international non-profit organisation serving 38 countries throughout Asia, Africa and Central-South America.

Since 2015, SHIN has worked with Vision Care in the yearly Eye Camp as part of its Corporate Social Responsibility (CSR) to provide free cataract surgeries to Nigerians who cannot afford the payment. SHIN has been sponsoring the eye surgeries of Nigerians on a yearly basis.

In 2019, SHIN sponsored the eye surgeries of at least 115 Nigerian patients and 224 outward patients as part of its CSR in Nigeria.

Since it started the programme, SHIN has sponsored the eye surgeries of 572 Nigerian patients, 1,593 outward patients and has also donated glasses to 99 patients.

Due to outbreak of the COVID-19 Pandemic, the yearly Eye Camp for 2021 had been called off to adhere to Federal Government’s measures in response to the virus.

Consequently, SHIN and Vision Care came up with a fresh CSR initiative this year to donate 496 bags of rice (25kg) and 12,000 reusable face masks to three states in the country to fulfill their commitment of contributing to the society.

The items will be delivered later this month.

The three states that will benefit from the donation are Lagos, Kano and Bayelsa states.

Out of the 496 bags of rice, and 12,000 facemasks, Lagos will receive 96 bags of rice and 200 masks.

SHIN also stated that Kano State will receive 200 bags of rice and 5,000 masks, while Bayelsa State will get 200 bags and 5,000 masks.

“This is an additional CSR activity from SHI in addition to SHIN’s donation of 5,000 COVID-19 test kits from Korea. The washable masks that the head office has purchased from Korea are certified to retain its effectiveness against COVID-19 transmission for up to 50 washes,” SHIN said in a statement.

Continue Reading

Business

Senate Summons NICON, AIICO, Others Over N17.4bn Pension Remittances

Published

on

pension fund

The Senate Public Accounts Committee has summoned the management of the NICON Insurance Plc, AIICO Insurance and other insurance companies over their alleged failure to remit N17.4bn pension fund to the Pension Transitional Arrangement Directorate.

The Senate hinged the summon on the 2016 report of the Auditor-General for the Federation which unraveled the alleged non-remittance of N17.4bn pension fund to PTAD.

Appearing before the panel on Monday, the Executive Secretary of PTAD, Dr Chioma Ejikeme, informed the lawmakers that PTAD took over the assets and liabilities of the defunct pension offices without a formal handing over.

She said, “On taking over, the directorate wrote all underwriters to make returns and remit whatever amount that was in their custody into a CBN dedicated account.

“Some of the underwriters responded to the request while some did not.

“The bank certificate of balances, accounting statements, three years financial statements and policy files requested by the federal auditor were not handed over to PTAD at the time of consolidation.

“It is worthy to note that we discovered that N17.4bn which comprised of cash, securities and properties from the nine insurance underwriters was unremitted as a result of the letter PTAD sent to them.

“These figures represent the claims by the underwriters with regards to their indebtedness.

“In order to ascertain the true position of legacy funds in custody of underwriters, the directorate appointed a consultant in 2018 who carried out forensic audit of nine out the 12 insurance underwriters and produced a final report on the recovery of the legacy funds and assets for PTAD.”

Continue Reading

Business

Sterling Homes Plans To Reduce Housing Deficit

Published

on

Sterling Homes Limited has said it is committed to working with the government through private public partnership to reduce housing deficit in all the geo-political zones in the country.

The Managing Director, Mr Kunle Adeyemi, said this during an event on the company’s rebranding organised as part of its 10th year anniversary in Lagos on Friday.

During the event, the company while expressing commitment to excellence and customer satisfaction, unveiled its new logo with colours to define its mission and objections.

We want to be present in all the six geo-political zones on Nigeria by providing affordable luxury homes, excellent torch. So for us, there is a need for us to rebrand and have a new direction and vision.

“We want to partner with the government on the present housing deficit; we want to embrace a public, private partnership with the government to reduce the deficit in every geo-political zone.”

The managing director said that one of its unique selling points was its after sales services which was top notch.

He said it ensured that its customers were taken through the journey of actualising their dreams of becoming home owners.

While noting that everyone deserved to have a comfortable home despite the economic situation, he said it had designed a structure payment plan with zero interest in some cases to help intending home owners.

He said it also had provisions for high breed options and developing areas to accommodate various income levels.

Before the end of the year, he said, Sterling Homes would be establishing new presence and projects in other regions.

Continue Reading

Trending