₦airaland Forum

After all, Police is our friend.

Nasir El-Rufai, former governor of Kaduna State, will head up the new Ministry of Energy focused on the larger strategic goal of using the Electricity Act 2023 to bring Federal and State government capacities to widen energy access for Nigerians. With the creation of a new ministry for energy and the appointment of a swashbuckling reformer to head it, the Federal Government is signalling its intention to turn the focus away from oil, bringing together gas and power to deepen industrialization and grow petrochemicals, experts say.
BusinessDay gathered that El-Rufai has lined up a broad team of experts comprising local and international consultants and experts to develop a strategy for the new ministry. The creation of a new ministry for energy and power to manage the country’s vast gas resources seeks to solve the perennial problem of lack of gas to run plants and remove control of gas supply and pricing, something industry operators have clamoured for long craved.

In an earlier story, this paper reported that the government was considering excising gas from the Ministry of Petroleum Resources. The proposed appointment of El-Rufai, with a track record as a strong-willed reformer, to head the ministry signals Tinubu’s intention significant for changes.

The new ministry will be tasked with removing constraints to gas supply by establishing a complementary and flawlessly interconnected framework for electricity and natural gas, giving the electricity sector regulator, the Nigerian Electricity Regulatory Commission (NERC), the purview of the energy, not just electricity, industry.

The privatization of the power sector in 2013 aimed to inject private capital into the industry, excise government control allowing private operators to manage power generation, distribution and transmission.

However, things went differently than planned. Firstly, Nigeria needed help finding a buyer for its transmission assets. The entities that bought power distribution assets needed more capacity to invest in improving the network and couldn’t even fund meters for their customers. Debts owed by legacy plants bogged down generation companies, and tariffs could not guarantee commercial returns as NERC’s cost-reflective taxes were at odds with the industry that supplies natural gas for power.

“There is currently no assurance that Discos can pay up for even the energy being supplied today, let alone higher priced energy due to more expensive gas. If they let gas prices rise, electricity tariffs will follow; with the attendant political implications in a country where barely any power is being supplied,” an investor told BusinessDay.

power plants delivered 4517MW to the grid, including about 700MW of hydropower, leading to about 1.1 billion standard cubic feet of gas (1.3bcf) given to power plants that day.

Sources with knowledge of the government plans tell BusinessDay that the Ministry of Energy will pay specific attention to gas to deepen the use of the resources for power, industries and petrochemicals. The government employs local and international consultants, including analysts at Boston Consulting and McKinsey, to develop the strategy.

Some of the ideas being proposed are the equivalent of a gas Domestic Supply Obligation (DSO) overseen by a collection of stakeholders, including International Oil Companies, indigenous suppliers, non-NGC pipeline owners such as there are, IPPs, other major non-IPP gas buyers (fertilizer, cement, heavy industry) and the ministry rather than a situation where government by fiat commands supply.

The price control regime for gas-to-power set up in 2009 has yet to incentivize the development of new gas supply and processing facilities. The new reality will require renegotiating current prices from the politically mandated to the best possible commercial price. Experts are calling for the Gencos, NERC, and the Ministry of Power to sit down with gas suppliers and the NNPC.
in some gas projects the NNPC is engaged in, including the $400mn OB-OB3 pipeline project due in 2016. The project will deliver 700mmscfd to Western Nigeria, where demand and thermal Gencos are highest from the Eastern Niger Delta. The project aligns with the aspirations of operators. Bolaji Osunsanya, CEO of Axxela Limited, in an interview with BusinessDay, said Nigeria should be looking at increasing exploration beyond the 206 Trillion Cubic Feet of gas it currently has and developing the market.

“The policy should be growth-oriented and expansionary; we should do more than export, but use more gas locally, which means additional LNG trains to complement what the Nigeria LNG is doing. There’s no reason why we shouldn’t be more aggressive in exploiting our gas resources,” he said.

https://businessday.ng/news/article/el-rufais-energy-ministry-focuses-on-gas-petrochemicals/

Unveiling her backside should be one palliative for fuel subsidy removal I guess... Imagine.. Na tems backside person Sidon dey think of for dis kind wahala we dey face for Naija so.

Lol.. Dis one funny 🤣 sha.

Some people are really senseless.. Some bunch of boys scout just insulted your country and you find it funny. "President of the Federal Republic of Nigeria" should be respected, that title is bigger than Tinubu, it is bigger than Obi or Atiku, it is even bigger than Joe Biden provided you live in Nigeria. It doesn't matter who occupies that office even if it is Portable or Bobrisky, he MUST be respected. A country like Niger who survives because Nigeria exist has no right whatsoever to disrespect us.

Hoodlums and bandits..

Dem go receive calls tire.

Is the screening really necessary? We already know they will approve all the names.

helinues:
To assign them to the right portfolio is the next issue now.

Betty should do fine as health minister

Calm down abeg.. Health what?!

You don't expect him to push aside people that worked for his election. That would be morally wrong.

garfield1:
Nice list.7 women,3 youths,15 technocrats

Pls mention the technocrats.

If you have a fat bank account Naija is the best place to stay and enjoy yourself o. Ever wondered why well to do Nigerians don't always think of japa?

Abeg we have our own problems to tackle.. Niger will be fine on their own biko.

This is why Africa isn't progressing.. A man's wealth belongs to his wife and children in the absence of a will.

If they need and experienced expatriate as president.. We will dash them out darling Bubu.

Finally, Abia state don get governor... I remember that babalawo guy some years back that was governor after Uzor Kalu.

I wouldn't mind Elrufai in FCT ministry again.. Since he left FCT never got a minister again.

Who go say him Mama food no sweet?

richiemcgold:
The whole saga is stage-managed;
...if you know you know

Two people got killed Oga.. stage-managed with human life?

He is not finding you cult job but blwo j*b.. Go and sanctify your yansh.

Buhari said ministers are just "noise makers". I wonder what's so special about the president's list of ministers. Also villa has been totally silent these few days because Baba is writing a list..

Talking about experience, I believe their are Nigerians working in refineries or related sectors abroad that will be willing to come back home to work for him to. 11k is too much in my opinion.

The only overzealousness I saw there was on the part of the DSS officials. The judge said man should be remanded in "prison" custody till he perfects his bail so the right thing to do was to allow the prisons officers take him into custody which I believe it's what's the prison guy they manhandled wanted to do. The prisons officers showed more professionalism in how they conducted themselves unlike the DSS guys.

"We will, we will"... Where's the plan? Okay, I will marry DJ Cuppy tomorrow..

DeepSight:
All of this is aside from the fact that her claim is technically false. Petrol is cheaper in Kazakhstan, Malayasia, Turkmenistan, Egypt, Kuwait, Iran, Venezuela, Algeria, Angola, Libya.

Don't mind the blockhead. She thinks is all those rubbish they act in nollywood.

Wetin dis one know sef? Mccheeww Where in the world do people receive 30k monthly as salary?

Ogene001:
What stopped your Messiah Buhari and Tinubu now?

NNPC is now a "private" entity.. They can decide whatever they want to do with them.

Nigeria security agencies dey shame me sha..

Now wey everybody don turn taxi for Nigeria..

MrsTwrite:
They would have shot one of thier tyres for easy access.

Nigeria Police? Abeg no try am o.. Nigeria uniform men that can not aim at a standing elephant you dey talk about shooting tire of a fast moving vehicle.. Na so dat Delta man innocent baby take die inside shop o.

This is a more believable story. I can't imagine how people will stand by and watch a LADY beaten to death. No matter what her offence was, people would have intervened or the hotel management get security, police or whatever to rescue her. She stole the money and died in an attempt to escape or she escaped quite alright but someone else caught up with her, took the money from her and killed her to cover up.