Connect with us

News

NIPCO embarks on business expansion to aid diversification, others

Published

on

THE Nigerian Independent Petroleum Company (NIPCO), says it has intensified investment in gas infrastructure to aid diversification and Nigeria’s energy transition.

Mr Suresh Kumar, Managing Director, NIPCO Plc, who said this during a facility tour of the company on Sunday in Lagos, added that it would also reduce the country’s dependence on fossil fuels.

Kumar said that the organisation had deepened gas usage and market penetration in the country through massive investment in the sector.

He said that as the Federal Government plans to put an end to fuel subsidy, natural gas by Compressed Natural Gas (CNG) and Auto CNG were bound to be a preferred “fuel of choice”.

According to him, the benefits of the natural gas is that it is safe, environmental friendly, economical, among others.

Kumar said that the company had invested massively in gas infrastructure, in line with Federal Government declaration of 2021 to 2030 as “Nigeria’s Decade of Gas“.

He noted that the declaration  is a period the government aspired to accelerate domestic and export gas production and utilisation.

He said that NIPCO was intensifing investment in gas infrastructure to bolster the gas agenda of the Federal Government, which was getting a booster.

According to him, already, the company has established Compressed Natural Gas (CNG) facilities across the country to make cars run on gas.

He also said that NIPCO had been  expanding its scope on supply of Liquefied Natural Gas (LNG) and constructing new pipeline infrastructure to strategic locations in the country.

Kumar, said the company had invested over 50 million dollars in developing Nigeria’s natural gas over the years, while more projects were still in the offing.

He said: “We have spent more than 50 million dollars on natural gas infrastructure over the years. We believe that there are lots of potential in Nigeria that can be explored for gas utilisation, and this will further boost our economy.

“By using indigenous gas, we can reduce subsidy burden on the Federal Government.

“We can also reduce the importation burden and that will directly or indirectly reduce  capital flight and create more employment opportunities for Nigerians.

“We are the pioneers. We always dream for the future. So, we dreamt for natural gas utilisation in Nigeria right from 2008 and we started investing.

“We introduced this model to the government. Nigeria is a country that has abundant natural gas and instead of wasting subsidy on petrol, we should be looking at a blueprint that can change the petrol market to CNG market,” he said.

According to him, NIPCO is an integrated company that supplies Nigerian market with petrol, diesel and gas.

Kamar said the company currently has about 19,500 metric tonnes combined storage capacity for LPG with 10 loading bays, which could truck-out over 4,000 tons per day.

Also speaking, Mr Nagendra Verma, Managing Director, NIPCO Gas, said the company currently has 14 CNG filling stations in various states across Nigeria and another six CNG stations, currently under construction.

He said over 7,000 vehicles were currently running on CNG, adding that over 350 truck fleet belonging to NIPCO were all on gas.

“We have workshops which are fully efficient and fully capable to convert PMS vehicles to gas, we have the expertise and we are ready to convert more vehicles to run on gas, he said.

Verma said: “So, we intend to have CNG stations in almost all the states of Nigeria, wherever the pipeline is available.

“Presently, we are laying LNG pipeline for 80 Kilometer pipeline from Shagamu interchange to Ibadan.

“The pipeline work is going on. We expect to commission first phase by the end of December 2023.

“And the entire pipeline is expected to be completed by next year.”

According to him, the company is also developing gas pipeline infrastructure in Lekki Free Trade Zone in Lagos, which is currently nearing completion.

He said the company is currently constructing a propane tank of 500 metric tonnes capacity, the biggest in Nigeria, in a bid to meet up with the federal government requirements of mixing certain quantity of propane with butane for domestic gas.

Verma said that the propane tank would be completed in the next three months.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

U.S. army sets deadline for troop withdrawal from Niger

Published

on

The United States has initiated the withdrawal of its military forces from Niger Republic, following directives from the West African nation’s military leadership.

The withdrawal process, slated to be completed by September 15, 2024, marks the end of an era of American military presence in the country.

According to a press release jointly issued by the National Council for the Safeguarding of the Homeland and the US Department of Defense on Sunday, discussions between the two parties, held from May 15 to 19, 2024, in Niamey, Niger, aimed to ensure the orderly and safe withdrawal of US forces from the region.

Led by high-ranking officials such as Assistant Secretary of Defense for Special Operations and Low-Intensity Conflict, Christopher Maier, and the Chief of Staff of the Nigerien Army, Colonel-Major Mamane Kiaou, the discussions emphasised transparency and mutual respect.

The withdrawal encompasses troops stationed at key bases, notably the strategically significant $110 million drone base in Agadez.

“Representatives of the U.S. Department of Defense and the Department of National Defense of the Republic of Niger met from May 15 to 19, 2024, in Niamey, Republic of Niger, as part of a Joint Disengagement Commission, to coordinate the orderly and safe withdrawal of U.S. forces from Niger.

“These discussions between the militaries were conducted in complete transparency and with perfect mutual respect between the two parties.

“The U.S. Department of Defense delegation was led by the Assistant Secretary of Defense for Special Operations and Low-Intensity Conflict, Mr. Christopher Maier; and the Director of Joint Force Development in the Joint Chiefs of Staff, Lieutenant General Dagvin Anderson. The delegation of the Ministry of National Defense of Niger was led by the Chief of Staff of the Army, Colonel-Major Mamane Sani Kiaou,” the statement read in part.

Despite the military disengagement, both nations affirmed their commitment to ongoing diplomatic dialogue and cooperation in areas of mutual interest, including counterterrorism efforts.

“The U.S. Department of Defense and the Ministry of National Defense of Niger have reached a disengagement agreement to effect the withdrawal of U.S. forces, which has already begun. It is therefore agreed that this disengagement will end no later than September 15, 2024.

“Both delegations confirmed the guarantees of protection and security to the American forces during their withdrawal. The delegations also established procedures to facilitate the entry and exit of U.S. personnel, including overflight and landing clearances for military flights.

“The U.S. Department of Defense and the Nigerien Ministry of National Defense recall the joint sacrifices of Nigerien and U.S. forces in the fight against terrorism and commend each other’s efforts to build up the Nigerien Armed Forces. The Parties undertake to continue cooperation in areas of common interest.

“The withdrawal of U.S. forces from Niger does not affect the continuation of U.S.-Niger development relations. The United States and Niger are committed to ongoing diplomatic dialogue to define the future of their bilateral relations,” it added.

The US initially established a military base in Niger to combat armed groups aligned with al-Qaeda and ISIL operating in the Sahel region, which includes Burkina Faso and Mali. The primary airbase in Agadez, located about 920km from the capital Niamey, has been a crucial site for both manned and unmanned surveillance flights and other military operations.

On April 19, 2024, the US announced plans to withdraw its troops from Niger due to the West African nation’s growing alignment with Russia and its distancing from Western powers. Consequently, the US Department of State agreed to pull out approximately 1,000 troops from the country, which has been under military rule since July 2023.

Continue Reading

News

Reps seek more financial investment for federal teaching hospitals

Published

on

The House of Representatives Committee Chairman on Health Institutions, Amos Magaji, has called for a sustained financial investment in the federal teaching hospitals across the country.

He said this will be in line with the Renewed Hope agenda of the President Bola Tinubu-led administration for the betterment of the citizenry.

Magaji disclosed this during an oversight visit of members of his committee to the Federal University of Health Sciences Teaching Hospital, Otukpo.

He stressed the need to allocate more funds in health sector, considering the primary responsibility of health institutions in the country.

Magaji appreciated the Chief Medical Director, CMD, and his management staff for showing interest in the growth of the teaching hospital, considering the tremendous achievements recorded within a period of one year.

He assured that he would work with his members to ensure that more funds are made available to develop the needed infrastructure including the medical equipment to meet up with the expectations of the people.

“We are glad to be in Otukpo today to see things for ourselves. We don’t want to depend on second hand information on the true condition of the Federal University Teaching Hospital Otukpo,” he said.

He assured the management of full support of the Federal House of Representatives as appropriate incentives would be given through interface with other critical stakeholders in Abuja.

The committee chairman enjoined the staff, whom he described as foundation staff to work as team despite the working condition, “we have seen how the environment is looking and we will continue to monitor the progress.

“So, as foundation staff, you all have the opportunity to write your name in gold.”

While welcoming the committee, the CMD, Prof Silas Ochejele, appreciated the federal government for the establishment of the teaching hospital in Otukpo which has drastically changed the medical services narratives in the state.

Ochejele thanked the House of Representatives Committee on Health Institutions for the pains to come down to Otukpo and believed that the visit has made them to see things themselves, which would go a long way in repositioning the hospital for the betterment of the people.

Continue Reading

News

JUST IN: Helicopter carrying Iran’s President crashes

Published

on

A helicopter carrying Iranian President, Ebrahim Raisi, has been involved in an incident while he was visiting neighbouring Azerbaijan, Iran’s semi-official Tasnim news agency reported on X on Sunday according to CNN.

“Some of the president’s companions on this helicopter were able to communicate with Central Headquarters, raising hopes that the incident could have ended without casualties,” it added.

It is unclear what the exact status is of Raisi’s helicopter, CNN reports.

The helicopter was part of a convoy of three helicopters. Two of those helicopters were carrying ministers and officials who arrived at their destination safely, according to Tasnim.

“Seyyed Mohammad-Ali Al-Hashem, Tabriz’s Friday Prayer Imam, and Foreign Minister Hossein Amirabdollahian were also reportedly on the helicopter with the president,” Tasnim said on X. BREAKING: Helicopter carrying Iran’s President involved in an accident

A helicopter carrying Iranian President, Ebrahim Raisi, has been involved in an incident while he was visiting neighbouring Azerbaijan, Iran’s semi-official Tasnim news agency reported on X on Sunday according to CNN.

“Some of the president’s companions on this helicopter were able to communicate with Central Headquarters, raising hopes that the incident could have ended without casualties,” it added.

It is unclear what the exact status is of Raisi’s helicopter, CNN reports.

The helicopter was part of a convoy of three helicopters. Two of those helicopters were carrying ministers and officials who arrived at their destination safely, according to Tasnim.

“Seyyed Mohammad-Ali Al-Hashem, Tabriz’s Friday Prayer Imam, and Foreign Minister Hossein Amirabdollahian were also reportedly on the helicopter with the president,” Tasnim said on X.

Continue Reading

Trending