
We don’t know exact daily petrol consumption —FG
As a country, we still cannot tell the exact volume of Premium Motor Spirit, popularly called petrol, which we consume on a daily basis, the Federal Government has said.
As a country, we still cannot tell the exact volume of Premium Motor Spirit, popularly called petrol, which we consume on a daily basis, the Federal Government has said.
The Minister of State Petroleum Resources, Chief Timipre Sylva, said this on Wednesday at Bonny Island, Rivers, while addressing officers of the 146 Battalion and other security agencies represented in the fight against oil theft.
Yet Nigerians have continued to battle poor power supply with the situation worsening last week when the country’s power grid collapsed twice causing a huge black out across most parts of the country.
Under the theme ‘Sustainable Growth in a Low Carbon World’, Africa Oil Week will advocate the importance of developing hydrocarbons in Africa and the sustainable development of oil and gas.
Sylva said Nigeria will remain at the vanguard of the crusade for a multifaceted energy transition timetable that will attract more investments for Africa while taking cognisance of the current global energy transition in the direction of renewable energy.
Today, it is dispensed at about N720-N730 per litre. This is a dilemma for Nigerian manufacturers who had hitherto been operating under a most inclement business climate. Indeed, this is the essence of the manufacturers’ plea to government for help.
“If we are going to be a mid-level economy, then we should clearly be talking about having the sort of power supply that Brazil has, which is over 100, 000 megawatts. If we are going to have 100, 000 megawatts of power supply, then we need to have transmission lines to match that capacity, but we don’t have it”.
The planned deduction of N242.53bn fuel subsidy from the Federation Account this month by the Nigerian National Petroleum Company Limited is raising uncertainty among states as the Federation Accounts Allocation Committee is scheduled to meet on Tuesday (today).
At the commissioning ceremony held on Tuesday, March 15, 2022 at the College, IE noted that the gesture was aimed at boosting technical education in the state, while complementing the efforts of government through its Corporate Social Responsibility (CSR) initiatives.
Egbin, a subsidiary of the Sahara Power Group, has so far inducted over 200 graduate trainee engineers as it continues to “proactively, responsibly and sustainably shape Nigeria’s power narrative for socio-economic advancement and industrialization,” said Kola Adesina, Group Managing Director, Sahara Power Group.