- Total Plans to Grow Nigerian Gas Output by 300mscf
Total Exploration and Production Nigeria Limited has declared its interest to grow Nigerian Gas Output by 300 million standard cubic feet per day through its investment in infrastructural development of the Oil and Gas industry in the country.
The Chief Executive Officer of Total, Mr. Mike Sangster, made this known on Tuesday, during a visit to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari.
Sangster expressed worry that local demand for gas had been very much below the invested capacity.
He however expressed the company’s firm belief in the Nigerian Oil and Gas industry as well as its commitment in formulating solutions to the challenges facing the industry; adding that the Company has partnered with the NNPC to develop three offshore projects which he listed as Akpo, Usan and Egina, completed in 2009, 2012 and 2018 respectively.
“Total Nigeria will build on recent progress in many areas such as cash-call arrears and our long-standing partnership. In partnership with NNPC, the company has developed the last three Floating Production Storage Offloading Vessel, FPSO, in Nigeria and wants to build on this,” he said.
He also said that Total started the solarisation of its service stations and was currently partnering in a project for the construction of a 100 megawatts solar independent power plant, IPP, in Katsina state
The NNPC Chief Executive assured the total team that the Corporation would continue to partner with Total to grow national production and reserves. He also guaranteed them more days of transparent and accountable relationship with frameworks that would be appreciated by all.
He said, “Total Nigeria in the last five years has very visible outcomes that we have seen and I assure you that we will work together to progress all efforts to grow production and national reserves.
“I also want to put on record that your downstream company has been very supportive in the supply of gasoline into our country.”
The total team led by the Chief Executive Officer, Mr. Mike Sangster included; Mr. Patrick Olinma, the Executive Director, Assets Management and New Energy (AMNE); Mr. Abiodun Afolabi, Executive Director, Corporate Affairs and Services (CAS); Mr. Olalere Babasola, Executive General Manager (EGM) in charge of Government Relations; Mr. Onwuka Oreh also Manager Government Relations, Mr. Charles Ebereonwu, Country Communication Manager; and Mr. Edison Obeye, Government Relations Officer.also visited the Minister of State for Petroleum Resource.
They also visited the Minister of State for Petroleum Resources, Timipreye Sylva, in his Abuja office where they told him that total called for partnership with the Federal Government to enhance crude oil and gas outputs. They also said that the Company was involved in exploration activities to boost production capacity.
Sangster further told the Minister that the Company had recently launched the Ikike project and would soon conclude investment plans for Preowei Project.
Timipreye Sylva urged all Total and all stakeholders in the industry to cooperate with the Ministry to ensure speedy passage of the Petroleum Industry Bill (PIB).
Delta State Gov Okowa Presents N378.48 Billion Budget for 2021
Ifeanyi Okowa Presents N378.48 Billion Proposed Budget for 2021
The Executive Governor of Delta State, Senator (Dr) Ifeanyi Okowa, on Tuesday presented a N378.48 billion budget to the state’s House of Assembly for consideration for the 2021 fiscal year.
The budget christened “Budget of Recovery” appropriated N207.52 billion for Capital Expenditure while Recurrent Expenditure was allocated N171.32 billion.
According to the Governor, capital expenditure accounted for 54.76 percent of the budget while 45.24 percent represented recurrent expenditure.
He explained that the allocations were in line with his administration’s agenda of spending more on projects and programmes that would impact positively on the socio-economic well-being of the people of Delta.
The proposed budget for 2021 is N96.2 billion or 34.05 per cent more than the N282 billion approved for 2020.
The governor said that the 2021 budget proposals reinforced the state government’s commitment to road infrastructure, education, health, job and wealth creation programmes as the principal-drivers of the Stronger Delta agenda.
According to him, N113 billion, representing 89.94 per cent of the capital budget is allocated to the economic sector while N35 billion is allocated to the social sector; the administration sector got 10.93 billion and the regional sector, N42 billion.
“In 2021, we propose to spend N66.66 billion on Road Infrastructure; N6.79 billion on Health; Education will gulp N23.55 billion; Agriculture, N2.04 billion and Water Sector, N1.83 billion.
“Job and Wealth Creation Bureau will gulp N1 Billion and Youth Development, N1.25 billion. These key sectors are very essential in our 2021 budget,” Okowa said.
Okowa also explained that due to the negative impact of COVID-19 on the economy and the world at large, government spending was significantly affected by the global pandemic and that Delta was no exception.
The governor, therefore, stated that “the proposed 2021 Budget for Delta is primarily focused on protecting and supporting our people in a COVID-19 environment, accelerating infrastructural renewal, incentivizing growth, enhancing job creation, engendering social inclusion and developing sustainably.
“Overall, the proposed 2021 Budget is predicated on inclusive economic growth that is sustainable and people-centred, with strengthening fiscal sustainability through increased efficiency in spending, improved revenue mobilization and debt sustainability.
“It also entails improving processes and systems in Public Financial Management, and Monitoring and Evaluation, to bolster better public sector service delivery.”
FG to Create 5 Million Jobs for Nigerian Youths in the Power Sector
Federal Government Plans to Create 5 Million Jobs for Youths in the Power Sector
The Federal Government is working on creating at least 5 million jobs for Nigerian youths in the power sector, according to the Minister of Power, Engr. Sale Mamman.
The minister, who spoke at a stakeholder meeting in Jalingo, Taraba State, said the youths should foster peace and harmony as the Federal Government, in line with some of their demands, is working on creating massive job opportunities for them in the power sector.
He said the initiative is part of president Muhammadu Buhari’s plans to lift 100 million people out of poverty within 10 years.
Mamman explained that the youths will benefit from the Siemens Presidential Power Initiative as more opportunities will be available in renewable energy, installation and the maintenance of meters.
He said: “Plans are ongoing to kick start this and it is being designed to ensure that majority of the firms and the installers are Nigerian youths. This is also part of the commitment of President Muhammadu Buhari’s focus on lifting 100 million people out of poverty within 10 years.
“From the briefings I have received so far, the youths are taking up opportunities in this aspect as well as in renewable energy. This is another way the government will be empowering young Nigerians as the local assembly; installation and the maintenance of these meters are largely handled by our industrious youths.”
“The minister urged the youths to vigilant and resist and attempt by some people to use them to incite violence for their sinister motive, noting that the Federal Government was tailoring more programmes for the youths through the Siemens Presidential Power Initiative and in building capacity on renewable energy.”
“There is the assurance of Mr. President that Nigerians will be beneficiaries of the Siemens project which will turn around the power supply situation of Nigeria. When this happens, industries will be revived and SMEs driven by youths will thrive more.”
Lagos Loses N1 Trillion to #EndSARS Protest, a Year Budget – Gov
Lagos Needs N1 Trillion to Fix Vandalised Infrastructure, a Year Budget – Gov
The Governor of Lagos State, Babajide Sanwo-Olu, has puts the total economic cost of past week destruction and vandalism in the state at about N1 trillion.
Sanwo-olu, who spoke with the speaker of the House of Representatives, Hon. Femi Gbajabiamila, that was on a fact-finding visit to Lagos on Sunday, said the state may spend up to N1 trillion to fix damages done to infrastructure.
Speaking on the situation, Femi Gbajabiamila, said “The House of Representatives will do all it can to compensate all those who suffered brutality including policemen that lost their lives in the process.
“Also whatever the house can do in rebuilding Lagos and other states it will do. We are now in a state of reconstruction. What must be done will be done.
“I learnt from the governor of Lagos State that it will take N1.0 trillion to rebuild what had been lost and I asked him what is the budget size of the state he said about N1.0 trillion. You can see we are moving backward.
Rotimi Akeredolu, Chairman of the South West Governors, who was part of the visit, stated, “We are indeed surprised at the extent of damage to lives and properties in Lagos. We will be right to say Lagos was turned into a war zone.
“We are deeply concerned with the ease with which public buildings, utilities, police stations and investments of our people have been burnt despite the proximity of security agencies to those areas. However, while responding to the total number of government’s buildings burnt among others,” Lagos State Commissioner for Information and Strategy, Mr Gbenga Omotoso, stated.
“We are still counting. The state is still taking inventories of all that happened and not until all that is concluded we can’t not ascertained for now the total number of burnt structures. But I can tell you it’s very huge.”
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