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President Tinubu Inaugurates Three Gas Projects, Says They’ll Drive Economic Growth [PHOTOS]

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has inaugurated three critical gas infrastructure projects in Nigeria.

The Nigerian National Petroleum Company (NNPC) Limited, AHL, and Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) jointly control the 200 million standard cubic feet per day (mmscf/d) AHL Gas Processing Plant 2 (GPP – 2), which Tinubu officially opened.

It is an addition to Delta’s Kwale Gas Processing Plant (GPP – 1). Additionally, the president officially opened the ANOH-OB3 CTMS gas pipeline project and the ANOH gas processing plant, both operated by NNPC and AGPC Seplat Energy and situated in the state of Imo.

In a virtual speech, Tinubu stated that the three gas projects help the federal government’s goal of reducing gas flaring and increasing the value of the country’s gas resources.

Tinubu also commended NNPC and other partners for completing the projects within 11 months, and not two years as earlier planned.

“It is pleasing that approximately 500MMscf of gas in aggregate would be supplied to the domestic market from these two gas processing Plants, which represents over 25% incremental growth in gas supply,” he said.

“In practical terms, this is more gas to the power sector, gas-based industries and other critical segments of the economy.”

The president said the federal government is stepping up its coordination of other landmark projects and initiatives to ensure the earliest realisation of gas-fueled prosperity in the country.

He also assured investors in the energy space that “this is an investment enabling the government and we will not relent in facilitating the ease of doing business”.

“The theme of this commissioning, ‘From Gas to Prosperity; Renewed Hope,’ must be adopted by all gas sector participants and would-be investors as a clarion call to ramp up efforts to accelerate investment and developments of projects in the gas sector on a win-win basis,” Tinubu added.

He further commended NNPC and its partners, SEEPCO and Seplat Energy, for the laudable and value-adding projects.

On his part, Mele Kyari, group chief executive officer (GCEO) of NNPC, said the three infrastructure projects will enable additional gas processing capacity and also increase the supply of liquefied petroleum gas (LPG), thereby, reducing the dependency on importation.

“NNPC is currently executing several major gas infrastructure projects such as the Ajaokuta-Kaduna-Kano pipeline with the associated power plants, the full delivery of the wider OB3 project shortly and also progressing with other initiatives such as fertiliser and petrochemical plants, small and large scale LNG and floating LNG” Kyari said.

He said the projects present the opportunity to monetise the country’s abundant natural gas resources, by expanding access to energy to support economic growth, industrialisation, and job creation.

In his remarks, Ekperikpe Ekpo, minister of petroleum resources (gas), said in keeping with the climate control agenda, the government decided to use gas as the transition fuel to achieve green energy by 2060.

“The decision to eliminate fuel subsidies at the start of your administration has compelled increased spending in the upstream and midstream gas development, and the use of gas as an appropriate, more cost-effective, and cleaner alternative to diesel and gasoline,” Ekpo said.

The minister added that the plant will promote rapid industrialization in Nigeria and boost power generation.

BIG STORY

UPDATE: Nigerian Police File 12 Fresh Cybercrime Charges Against Dele Farotimi [PHOTOS]

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The Nigerian Police have brought new cybercrime charges against detained human rights lawyer, Dele Farotimi.

The additional 12-count charge was filed on Friday, December 6, 2024, before a Federal High Court sitting in Ado-Ekiti.

This comes after 16 charges were previously filed against Farotimi by the Police on Wednesday.

It will be recalled that the human rights lawyer was arrested in Lagos on Tuesday, December 3, 2024, by operatives of the Ekiti State Police Command.

The following day, he was arraigned in a magistrate court in Ado-Ekiti on a 16-count charge of defamation of character against Senior Advocate of Nigeria (SAN) Afe Babalola, who was mentioned in his book, ‘Nigeria and its Criminal Justice System’.

In his ruling, Magistrate Abayomi Adeosun remanded Farotimi in prison custody until December 10.

In the latest charges, Farotimi is accused of making defamatory statements on Seun Okinbaloye’s podcast, based on content in his book, ‘Nigeria and Its Criminal Justice System’.

He is further accused of intimidating and maligning Afe Babalola during the podcast.

The lawyer was also charged with publicly discussing details of legal actions taken against him during a press conference on December 2, 2024, prior to his arrest on December 3, 2024.

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BIG STORY

Taraba Governor’s Sister “Accidentally Shot By Police Escort” During Gunmen Attack

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Atsi Kefas, the sister of Agbu Kefas, the governor of Taraba State, was reportedly shot by a police escort during an attack by gunmen on Thursday.

According to Zagazola Makama, a counter-insurgency publication focused on the Lake Chad region, Jumai, the governor’s mother, and Atsi were traveling along Kente Road in Wukari LGA of Taraba State when they were attacked.

The publication stated that a police officer assigned to escort the family “accidentally shot Atsi” while attempting to fend off the assailants.

Following the attack, troops rescued the victims and evacuated both Jumai and Atsi Kefas from the scene using an air ambulance.

The injured sister was rushed to the hospital for treatment, and her condition remains undisclosed at the time of this report.

The vehicle used by the gunmen was recovered by security forces, along with an empty magazine, and the luggage of the passengers was found in the vehicle.

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BIG STORY

Governor Sanwo-Olu Seeks Investors For Proposed $1.9bn Purple, Green Rail Line Projects

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Babajide Sanwo-Olu, the governor of Lagos, announced that he is seeking investors for the proposed $1.9 billion purple and green rail lines.

Sanwo-Olu made the statement on Thursday at the ongoing Africa Investment Forum (AIF) Market Days in Rabat, Morocco.

Discussing the state’s investment strategy for the purple rail line, Sanwo-Olu emphasized that the project presents a strong investment opportunity with promising returns.

The governor expressed enthusiasm about moving forward with the project, stating that his administration is ready to be flexible with investors to ensure its successful delivery.

He added that the purple rail line would connect Lagos and Ogun states.

“The purple rail line is a 60 km electrified rail system that will include 16 stations and seamlessly integrate with existing metro and bus services to enhance connectivity,” Sanwo-Olu said.

“It is projected to serve over 300,000 passengers daily, significantly reducing greenhouse gas emissions by encouraging a shift from road to rail transportation.”

Sanwo-Olu informed potential funders that the immediate requirement is $866.05 million, which will cover survey and design, as well as civil works.

He outlined a short-to-medium-term funding projection of $602.81 million and a long-term funding plan of $497.7 million.

The governor highlighted that the state is working toward a transportation master plan aimed at creating a brighter, more effective, efficient, sustainable, and safer system.

He emphasized the state’s focus on integrated transportation systems and mass transit solutions to reduce traffic congestion and commuting time, ultimately improving the health and wellbeing of residents.

He further explained that each corridor features a bus rapid transit (BRT) system and waterway routes, designed to take commuters off the major roads and alleviate traffic.

“Two of the stations that were built on the same line are also connected with water, rail and BRT altogether,” he said.

  • ‘THERE WOULD BE NO BACKLASHES, DISPLACED PERSONS WOULD BE COMPENSATED’

Sanwo-Olu assured investors that the state is committed to ensuring there would be no disruptions or backlash from displaced communities.

“The government would even pay compensations to displaced persons where necessary, so no additional burden is brought to would-be funders,” he added.

“We don’t want to lock in anything, we know all the various options. We understand how some of these things work.”

“We’re willing and ready to make those transactions work. We’ve seen from our experience how to guarantee revenue assurance.”

“We have a payment system under the cowry card, which is where we’d block leakages to a large extent, and the same contactless card can be used on our bus, train, and ferry, where it will all be integrated.”

“On a daily basis, they know what the traffic is and what is due to everybody. Whatever, based on the study or the ridership guarantee, we would look at it.”

Sanwo-Olu added that the state government would need “to either top up on other forms of revenue that can help out in terms of advertising rides on the corridor.”

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