Oil and gas
Amb. Igali tasks FG on exploration of gas reserve for Electricity Power generation
***Eulogises Engr Joseph Makoju
By Friday Idachaba, Lokoja.
Pro-Chancellor of Federal University of Technology, Akure Amb. (Dr) Godknows Boladei Igali, has called on the Federal Government of Nigeria to critically look into developing the nation’s gas sector to generate and export electricity.
Igali made the call while delivering a Lecture titled: “The Apogee Of National Service And Vision For The Nigerian Power Sector: Reflections On The Life And Times Of Engr. (Dr.) Joseph Oyeyani Makoju” at the Federal University, Lokoja.
The first Lecture in memory of Engr Joseph Makoju was organised by FUL in partnership with the Joseph Makoju Foundation for Development, Leadership and Technology as part of efforts to contribute to solving leadership development and power problem in Nigeria.
Igali said that gas as at today, remained the most cost-effective fuel for electricity power generation “We can harness our gas properly and build turbines and allow proper electricity transmission network.
“The expectation of Makoju was that on medium-term basis Nigeria could become the net exporter of electricity with improvement made on developing its gas to power assets.
“At present Nigeria has over 600 trillion standard cubic feet of gas and therefore could flood the entire sub-region and the whole of Africa with electric power if there is consistent development.
He said that the late Makoju as a visionary saw into the future and he set to develop the sector saying, “We have to wake up from our slumber and begin to develop our gas to power assets.”
The Ambassador held that with proper utilisation of the nation’s gas reserve, Nigeria would be able to build infrastructures all over Africa and begin to export power to other African nations like Ghana, Senegal, Cameroon, Central African Republic among others.
Igali said that developing the Power Sector was critical to economic development of Nigeria and urged the Federal Government to provide a robust policy guidance and supervision in the sector without interference in its day-to-day running.
He said insufficient power was causing a gross economic loss of about $26 billion (over N10 trillion) every year in Nigeria.
“Not only that, Government must revive the Presidential Action Committee on Power (PACP) as problem-solving and decision-making platform for the sector”, he said.
The Guest Lecturer held that former President Olusegun Obasanjo against this backdrop, pursued power generation and played supervisory role over private sector dynamism and raising power generation from 1.5 megawatts to 4.8 megawatts.
Eulogizing late Engr (Dr) Joseph Oyeyani Makoju, Igali described late Super Executive of the defunct Power Holding Company of Nigeria (PHCN) as a citizen who was prepared for service to the nation.
He said that Makoju had the foundation of humanity ingrained in him adding that he saw humanity beyond religion and faith and that disposition formed the basis of his virtues.
He said that Makoju persevered and endured, powered by tenacity arising from his cultural and philosophical environment and scholarship to become a task driver who prepared the power sector for privatization with unbundling of the sector. (Ends)
Oil and gas
Governor Ododo Seeks Federal Collaboration to Boost Oil Exploration in Kogi State
Kogi State Governor Ahmed Usman Ododo has called for enhanced cooperation between the state and the federal government to accelerate investment in oil exploration within Kogi State.
Governor Ododo made this appeal during a visit to Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), in Abuja on Thursday.
Special Adviser on Media to the Governor, Ismaila Isah quoted him to have reiterated his administration’s commitment to creating a favorable environment for investors, emphasizing the state’s readiness to work closely with the federal government.
He underscored the importance of fast-tracking oil exploration in Kogi in line with President Bola Ahmed Tinubu’s vision to expand exploration in Nigeria’s frontier basins.
Responding to the governor’s call, Senator Lokpobiri reaffirmed Kogi’s status as an oil-producing state and pledged the federal government’s commitment to attract investment to tap into the state’s vast oil resources. He highlighted the mandate of the Petroleum Industry Act (PIA), which tasks the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) with exploring frontier basins.
He assured that the government is ready to deploy funds for further exploration in Kogi.
Senator Lokpobiri also commended Governor Ododo for his leadership and strides in governance, noting that these efforts will be key in attracting and sustaining investment in the state.
Kogi State became the first oil-producing state in Northern Nigeria in 2022 following the federal government’s confirmation of oil discoveries in commercial quantities.
Oil and gas
We will soon unravel shady Issues in the Petroleum Sector, Senator Kawu vows
As the newly appointed chairman of the Senate Committee on Petroleum Downstream, Senator Sumaila Kawu has promised to tackle the persistent lack of transparency in Nigeria’s petroleum industry, which he likens to a “cabal.”
Kawu was appointed as chairman of the Committee following the demise of Senator Ifeanyi Uba who represented Anambra South who held sway as the chairman of the committee
Speaking to newsmen on Wednesday at the National Assembly, Kawu detailed his plans to shed light on the sector’s operations and engage the public in meaningful dialogue.
With rising fuel prices impacting Nigerians daily, Kawu emphasized the urgent need for clarity and accountability within the industry. “Our first step will be to study the current situation and gather information from relevant agencies,” he stated.
He highlighted the importance of holding public hearings, which will allow citizens to voice their concerns and experiences directly.
Kawu’s committee will focus specifically on reviewing contracts awarded by previous administrations and overseeing the current contracts for refinery repairs.
By scrutinizing the agreements, Kawu targets to expose any irregularities and ensure that funds are being used effectively.
He remarked, “We need to ask the hard questions and hold a public hearing to allow Nigerians to express their views.”
In his commitment to transparency, Kawu detailed his plans to engage with stakeholders, including the Nigerian National Petroleum Corporation (NNPC) and refinery operators, to understand the barriers to efficient production and accountability.
According to him, the recent visits to the refineries have given course fir concerns about unmet production timelines, prompting a call for a more rigorous evaluation of the situation.
Kawu’s focus on transparency is not only about identifying issues but also about fostering a culture of openness within the sector.
He promise to use the committee to dismantle the “cabal-like” operations that have characterized the industry, ensuring that decision-making processes are accessible and understandable to the public.
Senator Kawu expressed determination to implement measures that will stabilize the petroleum sector and address the legitimate concerns of Nigerians.
By prioritizing transparency and public engagement, he expressed the hope to restore confidence in the management of Nigeria’s petroleum resources.
Oil and gas
Controversy trails Mele Kyari’s continued stay in office amid soaring fuel prices
The ongoing fuel crisis in Nigeria, marked by skyrocketing prices and shortages, has triggered a wave of mixed reactions over the continued leadership of Mele Kyari, the Group Managing Director (GMD) and Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL).
Many Nigerians, alongside key industry stakeholders, are calling for accountability as the country’s oil and gas sector struggles under immense pressure.
Fuel prices have ballooned from N145.48 per liter in 2019 when Kyari assumed office, to nearly N1,000 per liter today, leaving the country in the grip of a cost-of-living crisis. This has led to widespread criticism of Kyari and the NNPCL, with some accusing the corporation of inefficiency and mismanagement that has further strained the already fragile economy.
Speaking in Abuja, Felix Osakwe, the 2023 presidential candidate of the National Rescue Movement (NRM), expressed deep disappointment with the state of the oil sector. He placed much of the blame on both Kyari and President Bola Tinubu, who also serves as the Minister of Petroleum.
“Engr. Mele Kyari should not be held solely responsible for the current crisis. The President, as the Minister of Petroleum, should also be accountable,” Osakwe said. “Kyari takes instructions directly from him, and they have failed to address the suffering of Nigerians due to the high cost of fuel.”
Osakwe further criticized the government for its lack of empathy, stating that the rising cost of transportation caused by escalating fuel prices has eroded the essence of democracy, making everyday life a struggle for Nigerians.
The call for Kyari’s removal has been echoed by lawmakers in the National Assembly.
A group, known as The Economy Rescue Group, led by Rep. Esosa Iyawe, has demanded Kyari’s resignation, citing the mismanagement of NNPCL as a primary cause of the sector’s decline. Iyawe emphasized that Kyari’s leadership has undermined President Tinubu’s administration and the promises of economic recovery under the “Renewed Hope Agenda.”
“We, the concerned lawmakers, believe that the mismanagement and failures of the NNPCL under Kyari have been disastrous for the country,” Iyawe said in a statement. “If he does not resign, we urge the President to suspend him to allow for a full investigation into the NNPCL’s activities.”
The lawmakers pointed to numerous issues plaguing the oil sector, including the distribution of adulterated fuel, indiscriminate licensing, and ongoing fuel scarcity despite Nigeria’s position as a major oil-producing nation.
They argue that the presence of cronyism within NNPCL and the use of middlemen for fuel trading have contributed to the crisis, demanding that Kyari’s management be thoroughly investigated.
Despite these growing calls for his resignation, Kyari has defenders. Rev. Olusegun Peters, National Chairman of the Democratic Peoples Congress (DPC), argued that Kyari should not be the scapegoat for Nigeria’s fuel crisis. Peters called for full deregulation of the oil sector, believing that more competition in the downstream sector would naturally drive prices down.
“Mele Kyari is not the real problem,” Peters said. “We need to open the oil and gas sector to competition. The more players we have, the better prices will become. No one man or entity should be allowed to dominate the supply of fuel.”
Peters also criticized the government for creating monopolistic conditions in the sector, suggesting that Kyari and the NNPCL are being unfairly blamed for deeper structural issues.
This controversy comes against a backdrop of significant challenges for Nigeria’s oil industry, including delayed refinery rehabilitation and allegations of corruption. Under Kyari’s leadership, the sector has been hit by accusations of inefficiency and mismanagement, leaving many to wonder if his continued tenure is sustainable in the face of public discontent.
As the pressure mounts, Nigerians continue to bear the brunt of the country’s fuel crisis, with hopes that swift and effective reforms will provide relief. The question remains whether the government will take decisive action to address the issues at the heart of the crisis, starting with the leadership of NNPCL.
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