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P&G to Deliver 25 Billion Liters of Clean Drinking Water

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  • P&G to Deliver 25 Billion Liters of Clean Drinking Water

Procter & Gamble (P&G), makers of iconic brands such as Always and Ariel, is celebrating the achievement of its 2020 goal of delivering 15 billion liters of clean drinking water through its non-profit Children’s Safe Drinking Water (CSDW) Program. The Company is now accelerating its efforts to help provide clean drinking water to more people by delivering 25 billion liters – more than 100 billion glasses of water – worldwide.

This announcement was made at an event held in Abuja co-hosted by Global Citizen to commemorate the 2019 World Water Daywhere the company announced a new project with the humanitarian organization, PLAN International, targeted at high water need communities in Northeast Nigeria.

Leaders from Water Supply & Sanitation Collaborative Council (WSSCC), Society for Family Health (SFH), Partnership Initiatives in the Niger Delta (PIND) and more, joined the Minister of Water Resources, Engineer Suleiman Adamufor a discussion on the importance of clean water, proper sanitation and hygiene and how public, private and NGO partnerships can accelerate progress.

Since the program launched in 2004, P&G has worked closely with a network of more than 150 partnersto raise awareness of the global water crisis and provide water to families in more than 90 countries through a simple purification process invented by a P&G laundry scientist. With just one packet, a bucket, a stick and a clean cloth, 10 liters of dirty, potentially deadly, water can be turned into clean, drinkable water in only 30 minutes.

To date, P&G’s efforts to provide access to clean water is transforming communities by improving health, enabling education and increasing economic opportunities.

Commenting on the achievements of P&G through the CSDW Program, AdilFarhat, Managing Director, P&G Nigeria said: “We excited about this 15 billion liters milestone and are committed to providing access to clean water for more families in the year ahead. P&G has provided approximately 240 million liters of clean water in Nigeria since the program began in 2004 and we will intensify our WASH efforts in schools and continue our work in collaboration with many stakeholders.”

P&G Global Gender Equality & Children’s Safe Drinking Water Program Leader, Allison TummonKamphuis said: “We are proud to leverage our longstanding partnerships with Society for Family Health, PIND, Rotary International and PLAN International to provide clean water and foster behavioural change in Nigeria. P&G is set to provide more than 25 million liters of clean water in the next three months and will support Global Citizen’s campaign to increase investment in proven water, sanitation and hygiene solutions in Nigeria.”

Also speaking at the event, the Minister of Water Resources, Hon. Engr. Suleiman Adamusaid, “WASH forms a central part of the Sustainable Development Goals (SDGs) and it is imperative that good progress is made towards achieiving it. The contribution and commitment of everyone is required to ensure deliberate attention is given to WASH and accelerate a Nigeria with safe drinking water and no open defecation that is why the efforts of Procter & Gamble and Global Citizen to provide safe drinking water is highly commendable”.

P&G is also partnering with National Geographic again to celebrate World Water Day and share the stories of five “Water Champions” – who are working each day, individually and collectively with P&G, to help solve the water crisis.

The 2019 world water day celebration, cohosted by P&G and international advocacy organization Global Citizen, featured award winning actressUzoAduba with a performance by artist and activistFalana; while the panel discussion was moderated by journalist, Chika Oduah. Also in attendance were key decision makers, change makers, and activists for clean water and sanitation across the globe.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Crude Oil

Oil Prices Slide as U.S. Crude Stockpiles Surge, Heightening Demand Concerns

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Crude oil

Oil prices declined on Thursday as concerns over demand intensified due to a larger-than-anticipated build in U.S. crude stockpiles.

Brent crude oil, against which Nigerian oil is priced, dropped by 0.5% to $83.25 a barrel while U.S. West Texas Intermediate crude oil fell by 0.3% to $78.28 a barrel.

The Energy Information Administration’s report revealed a substantial increase in U.S. crude oil stockpiles by 4.2 million barrels to 447.2 million barrels for the week ending February 23rd.

This surge surpassed analysts’ expectations and marked the fifth consecutive week of rising inventories.

While gasoline and distillate inventories witnessed a decline, concerns regarding a sluggish economy and reduced oil demand in the U.S. were amplified.

Satoru Yoshida, a commodity analyst with Rakuten Securities, highlighted that the significant stockpiles have heightened investor worries.

Moreover, the anticipation of delayed U.S. interest rate cuts further weighed on market sentiment, potentially undermining oil demand.

Traders have adjusted their expectations for rate cuts, with an easing cycle predicted to commence in June rather than March as previously anticipated.

Market participants await the U.S. personal consumption expenditures price index for insights into inflation trends, while the possibility of an extension of voluntary oil output cuts from OPEC+ looms over price dynamics, amid lingering uncertainty in the demand outlook and geopolitical tensions in the Middle East.

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Crude Oil

Crude Oil Shortage Threatens Dangote, Government Refineries, Minister Raises Alarm

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Dangote Refinery

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has sounded a clarion call over a looming crude oil shortage that threatens the operations of the newly inaugurated Dangote Petrochemical Refinery and government-owned refineries in Nigeria.

Addressing stakeholders at the seventh edition of the Nigeria International Energy Summit in Abuja, Minister Lokpobiri expressed concerns that unless deliberate efforts are made to increase investments and crude oil production, these refineries may struggle to obtain enough feedstock for petroleum product manufacturing.

The Dangote refinery, a colossal project spearheaded by Dangote Industries Limited, has a daily requirement of up to 650,000 barrels of crude oil, while government-owned refineries could need approximately 400,000 barrels.

However, the current pace of crude oil production and investment in Nigeria falls short of meeting these demands.

Minister Lokpobiri highlighted the need to ramp up production and attract investments in the upstream sector to ensure adequate feedstock supply for the refineries.

He emphasized the importance of efficiently utilizing Nigeria’s abundant oil and gas reserves to enhance domestic energy security and economic prosperity.

Furthermore, the minister underscored the significance of investing in energy infrastructure and transitioning towards more environmentally friendly practices to address Nigeria’s energy needs effectively.

The alarm raised by Minister Lokpobiri underscores the urgency for strategic interventions and collaborative efforts to mitigate the impending crude oil shortage and secure the future of Nigeria’s refining industry amidst evolving global energy dynamics.

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Energy

NNPCL Pledges End to Nigeria’s Energy Scarcity Within a Decade

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Mele Kyari - Investors King

The Nigerian National Petroleum Company Limited (NNPCL) has announced a bold initiative aimed at ending Nigeria’s persistent energy scarcity within the next decade.

Mele Kyari, the Group Chief Executive Officer of NNPCL, revealed this ambitious plan during the opening ceremony of the seventh Nigerian International Energy Summit in Abuja.

Kyari’s announcement comes as a beacon of hope for millions of Nigerians grappling with chronic power shortages and energy deficiencies.

In his statement, Kyari expressed confidence that all issues related to energy scarcity in the country would be resolved within the next 10 years.

Assuring stakeholders of NNPCL’s unwavering commitment, Kyari emphasized the company’s dedication to collaborating with partners to bridge the energy deficit gap and foster prosperity for all Nigerians.

He highlighted NNPCL’s pivotal role as a key partner to oil-producing companies in Nigeria, facilitating the divestment of international oil companies from onshore and shallow water assets in the country.

Furthermore, Kyari underscored NNPCL’s statutory mandate as the enabler of national energy security, emphasizing the importance of sustainable production from divested assets to ensure energy security for Nigerians.

In addition to addressing domestic energy challenges, NNPCL is also exploring avenues for sustainable energy investment across Africa.

Kyari revealed the company’s intention to invest in the proposed African Energy Bank, aiming to secure funding for energy projects on the continent and guarantee regional energy security.

The event, attended by prominent stakeholders including government officials and representatives from international organizations, marks a significant step towards reshaping Nigeria’s energy landscape and fostering economic development through improved energy access.

As NNPCL charts its course towards energy abundance, Nigerians remain cautiously optimistic about the prospects of a brighter energy future.

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