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NNPC to Deliver Gas Projects by 2020



  • NNPC to Deliver Gas Projects by 2020

The Nigerian National Petroleum Corporation (NNPC) will deliver its seven critical gas development projects(7CGDP) by 2020. This would ease gas supply to the power plants across the country.

It said the projects were designed to leverage the immense gas potential in the country, and further help in meeting the target of generating at least 15,000 megawatts (Mw) of electricit, by 2020

Its Principal Manager, Public Affairs, Ndu Ughamadu, said the corporation is relying on the projects to generate 50,000Mw by 2020, in order to improve the supply of electricity in Nigeria.

In a telephone interview, he said NNPC is working to nurture the projects to fruition by 2020.

He said when this happens, the country would be able to transport gas to power plants seamlessly and boost power supply.

NNPC, he said, is working in line with the mandate given to it by the Federal Government to deliver the projects by 2020 and further boost power supply in the country.

According to him, the government has directed NNPC to complete the gas projects, adding that when this happens, thermal plants would not have difficulties accessing gas optimally for growth.

He said gas remained the only feedstock used in generating 70 per cent of electricity consumed in the country and that NNPC is not leaving any stone unturned to maximise its potentials.

To make the projects come to fruition by 2020, the state oil firm is constantly holding meetings on the issue, in order to ascertain the level of developments on the project.

He said NNPC has fixed next week for a meeting with the stakeholders. It has also directed the Project Management Office (PMO) to discuss with the operators of the project on their problems, needs among other things, that would help in bringing the project to fruition.

PMO is a department charged with the responsibility of accesing the status of the seven critical gas development projects, among other initiatives spearheaded by the corporation.

Ughamadu said:” Two issues are vital to the success of the projects, and NNPC has taken care of them. First is the issue of engagement with the operators of the project, and NNPC has directed the Project Management Office to carry out such roles.

“Frankly speaking, the level of engagement between NNPC and other key stakeholders on the issue is very high. The aim is to know the status of the projects, challenges facing the projects and the institutions/facilities that would help in improving the operation of the projects. These can be referred to as enablers that are critical to the growth of the project.

Ughamadu said the oil firm has fixed December 10, this year for a Steering Committee Meeting on the projects.

He said the 2020 deadline set aside for the implementation of the seven critical gas development projects is sancrosant, adding that NNPC has concluded plans to meet the deadline.

NNPC had put in place measures to ensure effective utilisation and commercialisation of gas in the country.This made the corporation to invest in the seven critical gas development projects in the country.

NNPC’s Group Managing Director, Dr Maikanti Baru said the corporation is keen on using some of the new projects such as the Ajaokuta-Kaduna-Kano gas pipeline project to open up not only the gas corridor, but to also ensure that power plants that are built can inject stability into the national grid.

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


Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others



Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.


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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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