The power minister gave the directive during an inspection visit to the new Gagarawa 2.
The Minister of Power, Sale Mamman, has asked all contractors handling power projects across the country to return back to project sites following the gradual relaxation of the lockdown by the Federal Government, due to the coronavirus pandemic.
The directive from the minister was contained in a press statement by the Special Adviser to the Minister on Media and Communications, Aaron Artimas, on Sunday, July 12, 2020, in Abuja.
The power minister gave the directive during an inspection visit to the new Gagarawa 2 by 60 Mega Volt Amp (MVA) 132/33 Kilo Volt Sub-station being constructed by the Transmission Company of Nigeria (TCN) in Jigawa.
Mamman, lamented the negative impact of the coronavirus pandemic on the power sector, pointing out that the sector was among the worst affected with the entire value chain directly or indirectly counting losses.
黎明神战READ MORE: How Geregu Power became one of the best performing power plants in Nigeria – Akin Akinfemiwa黎明神战
The Minister in the statement said, ‘’I can tell you that the impact of the pandemic is huge in the power sector as a real service provider. We, however, have joined the government effort to restart the economy with the easing of the lockdown and opening of the interstate road.’’
“I direct all contractors handling power projects to return to sites and work assiduously to recover from the losses recorded?during this lockdown,” he said.
Mamman said the Gagarawa Sub-station project would boost power supply in over 7 local government areas including an industrial area.
On his part, the Jigawa State Governor, Abubakar Badaru, who was part of the inspection team, commended the power minister’s effort at ensuring completion of these projects that have been on for over 20 years.
黎明神战Download the Nairametrics News App黎明神战
The News agency of Nigeria (NAN), reports that the sub-station is 99% completed and has been energized.
The acting Managing Director of TCN, Suleiman Abdulaziz, who was also part of the inspection asked for speedy completion of similar sub-station across the country.
Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team.
You may contact him via his email- [email protected]
Your email address will not be published.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
The government of Nigeria has requested advance payment for damages in the Malabu oil scandal.
The Federal Government, on Wednesday, September 9, 2020, asked a court in Milan to order Royal Dutch Shell and Eni to pay the sum of $1.092 billion as an immediate advance payment for damages in the Malabu oil scandal, one of the oil industry’s biggest-ever corruption scandals.
During the hearing into the corruption allegation linked to the acquisition of the OPL 245 offshore field by Eni and Shell, lawyer to the Federal Government, asked for advance payment ahead of a more comprehensive damages package to be decided by the court at a later date.
黎明神战READ: Here’s why Total is selling its?12.5% stake?in Nigerian oil block?黎明神战
The case involves the 2011 acquisition of oil block prospecting license by Eni and Shell, following the payment of $1.3 billion to the Nigerian government for the OPL 245 offshore field. However, it was alleged that about $1.1 billion of that amount ended up in the account of Malabu Oil and Gas, which was owned by a former Petroleum Minister, Dan Etete, and was used to pay political bribes.
The prosecutors also alleged that Dan Etete, apart from the politicians, paid some middlemen and then half of it to himself.
Shell says that the 2011 agreement was a settlement of long-standing litigation following the previous allocation of the oil block by the Federal Government to Shell and Malabo.
It can be recalled that in July, prosecutors asked that the Chief Executive Officer of Eni. Claudio Descalzi be jailed and also for Eni and Shell to be fined together with some of their former and present executives.
黎明神战READ: 黎明神战Court adjourns trial of Shell, Eni officials over bribery allegation in Nigeria黎明神战
In addition, the prosecutors also requested for the confiscation of the sum of $1.092 billion from all the defendants in the case, an amount which is the equivalent of the bribes that was alleged to have been paid out.
The lawyer representing Nigeria, Lucio Lucia, on Wednesday, joined in requesting for the seizure of that amount.
The DPR ordered the filling stations to begin immediate installation and also update licenses.
The Department of Petroleum Resources has ordered 9,000 filling stations nationwide to begin the installation of facilities for gas products.
This was announced in a statement by The Director, DPR, Mr Sarki Auwalu. The DPR said the move will improve the utilization of liquefied petroleum gas, compressed natural gas, liquefied natural gas and autogas as alternative fuels for Nigerians.
黎明神战READ: Nigeria, only oil producing nation that does not benefit from price increase – Sanusi黎明神战
Nairametrics reported last month that the Federal Government stated that filling stations will begin to dispense autogas into automobiles through selected filling stations across the country before the end of September. The Committee on National Gas Expansion Programme (NGEP) had been assigned to ensure the effective implementation and take-off of this initiative. The NGEP was inaugurated in January this year by the Minister of State for Petroleum, Chief Timipre Sylva, in furtherance of the domestic gas expansion programme of the Federal Government.
Mr Auwalu added that the 9,000 outlets represent 27% of the number of retail fuel stations in the first category, and identified by the DPR as stations that can implement the integration of gas facilities based on robust safety assessment and technical considerations.
黎明神战READ: AfDB to provide $400 million of $16 billion in largest private investment in Africa黎明神战
The DPR ordered all category one operators of filling stations to begin immediate installation and also update the licenses with the DPR.
“All operators of retail outlets in categories two and three whose facilities do not meet the minimum requirements or do not have sufficient land area are encouraged to apply for stand-alone LPG, CNG, LNG or autogas facilities (full-scale or modular) under an incentivized regulatory regime.”?
黎明神战READ: Post COVID: FG releases new strategic policy for survival of oil sector黎明神战
“The DPR has also approved the deployment of skid-mounted modularized/containerized LPG/autogas handling systems and other intrinsically safe systems for gas storage and handling to promote affordability, accessibility, and availability of the products,” Auwalu said.
The PPPRA added that the price of petrol will be determined by the forces of demand and supply.
The Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the non-availability of foreign exchange was the reason why many marketers were yet to start importation of petroleum products.
This disclosure was made by the Executive Secretary of the PPPRA, Saidu Abdulkadir, during a press briefing on the deregulation of the downstream oil and gas sector, on Tuesday in Abuja.
The PPPRA boss, who was represented by the General Manager, Administration and Human Resources of the agency, pointed out that although the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), is still the sole importer of petroleum products, PPPRA will continue to monitor development to check profiteering by marketers.
The PPPRA boss said, “The PPPRA as a regulator will continue the role of a watchdog in this deregulation regime. We will continue to maintain our role as a regulator and ensure that Nigerians are not short-changed in any way in this process.’’
“You know how things are globally with the impact of COVID-19 on the global oil market. Accessing forex remains a challenge for marketers.’’
“We are hopeful that in a few months to come, Nigerians will understand what the government is doing to stabilize the downstream sector.’’
Going further, the PPPRA Executive Secretary revealed that going forward, the price of premium motor spirit (PMS) popularly referred to as petrol, will be determined by the forces of demand and supply together with the international price of crude oil.
He reiterated that the government was no longer in the business of fixing the pump price of petrol, but would monitor marketers to avoid profiteering.
He also disclosed that the PPPRA may no longer provide the monthly price band for petrol as that would run contrary to the deregulation policy.
Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox.