Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,800,607 members, 6,693,953 topics. Date: Thursday, 27 January 2022 at 02:55 AM

Nigeria Develop Model To Boost Fuel Supply - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Develop Model To Boost Fuel Supply (461 Views)

Update: Fuel Supply Situation Nationwide / FG Walks Closer To Ending Fuel Supply And Distribution Problem / 30% Of Nigeria’s Fuel Supply Diverted-Kachikwu (2) (3) (4)

(1) (Reply) (Go Down)

Nigeria Develop Model To Boost Fuel Supply by sarrki(m): 6:09am On May 24, 2016
Nigerian develops model to boost fuel supply ON MAY 24, 20164:33 AMIN ENERGY, NEWSCOMMENTS 24 0 1 0 By Michael Eboh A NIGERIAN Petroleum Engineer, Mr. Chinedu Onyeizu, has developed a three node policy and a technology-based model aimed at addressing the challenges of fuel supply in Nigeria, by empowering Nigerians and the authorities with the capacity to track supply across all the downstream petroleum sector value chain. Addressing newsmen in Abuja, Onyeizu, a graduate student of the Massachusetts Institute of Technology, MIT, said the model will help address Nigeria’s fuel challenges in one year. He also said the model will empower the authorities to allocate and monitor fuel supply across all the supply chain in real-time, using sophisticated computer packages as well as enabling Nigerians to track fuel supply from depots, through transport facilities to petrol stations. He said the three-node model focuses on leveraging the existing Joint Venture, JV, and independent partnership agreements to make refined products abundant and affordable to Nigerian consumers. He said the strategy will require unbundling the downstream sector into three strategic nodes, namely: Downstream-Upstream node, Downstream-Midstream node and Downstream-Downstream node. He said: “The Three-node model is policy based and its critical enablers include: locating new refineries at operational bases of producing companies; collaborating with International oil companies and indigenous producers to operate the refineries while NNPC positions itself as a non-operating partner with oversight functions. “NNPC will provide 100 per cent funding for the construction of these refineries; align with the producers to allocate a reasonable quota of crude as constant feed to the refineries; leverage existing ship berthing facilities in operational bases of producers to load refined products. It will also work closely with the association of petroleum products marketers to distribute efficiently; leverage existing tank farms and fuel stations across the country to ensure products reach consumers.” Real-time monitoring He added that the model has a technology application component, ‘Petrol-Solve 1.3’ that would help in capturing and transforming in-context data into actionable insights. He explained that the use of the technology will introduce real-time monitoring of fuel volumes and for product distribution network management from point of vessel loading to end-point filling stations. He added: “We are also introducing a functionality that will enable real-time prediction and management of related events by exception.” Onyeizu further argued that the three-node model approach to solving the fuel crisis situation in Nigeria will leverage system and predictive analytics to improve management of fuel product refining and distribution across the country. To this end, he expressed willingness to meet with President Muhammadu Buhari and the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, to provide extensive workflow models and design and also make presentations on the workability of the 3-node approach.

Read more at: http://www.vanguardngr.com/2016/05/nigerian-develops-model-boost-fuel-supply/
Re: Nigeria Develop Model To Boost Fuel Supply by kcy(m): 6:14am On May 24, 2016
Re: Nigeria Develop Model To Boost Fuel Supply by adenine02: 6:18am On May 24, 2016
hope it work
Re: Nigeria Develop Model To Boost Fuel Supply by mrvitalis(m): 6:25am On May 24, 2016
Wanted to do my masters in MIT but this guy has got me thinking!! !
First if all bro, u are talking of building three refineries?? Thought u said the results will solve our problem in a year?? Bro can a refinery be built in a year?? Common except for small module refineries...
A country crying for money is who u are asking to build 3 refineries?? Really??
Bro just go and sleep

My thoughts tho
Re: Nigeria Develop Model To Boost Fuel Supply by estyvino(m): 6:28am On May 24, 2016
Political will! Political will!! There was a country (Nigeria!!!)
Re: Nigeria Develop Model To Boost Fuel Supply by bewla(m): 6:31am On May 24, 2016
ok lets see
Re: Nigeria Develop Model To Boost Fuel Supply by Nobody: 6:47am On May 24, 2016
Models and theories cant work in Nigeria. Enough of all there copy and paste. Managing Nigeria is not an exam nor an assignment. It is a duty that require Nigerian history.

(1) (Reply)

Is This Statement About Pres. Obama And Gov. Fayose True? / Two Police Men Thrown Into River Niger Today At Onitsha / President Buhari: 'Why I Respect Goodluck Jonathan'

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 83
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.