Connect with us

Energy

FG will continue to subsidise electricity — Minister

Published

on

By Praise Oguntan

The Minister of Power, Mr Adebayo Adelabu, has said the Federal Government will continue to subsidise electricity for Nigerians, to guarantee stable and reliable supply.

Adelabu said this at the Ministerial Press Briefing Series organised by the Ministry of Information and National Orientation on Friday in Abuja.

He said that the recent increase in tariff affected only a small percentage of the country’s population, adding that the majority of Nigerians would continue to enjoy government’s subsidy.

The Nigerian Electricity Regulatory Commission (NERC) had announced   an increase in electricity tariff paid by Band A customers from N68/KWh to N225KWh.

Also reports that Band A customers are those who enjoy electricity supply for 20 hours per day.

“From the latest statistics, we have about 12 million customers in the sector and this (tariff increase) will only affect about 1.5 million customers.

“The remaining 10 .5 million customers will continue to enjoy the government’s subsidy, which  is almost  70 percent  of the population.

“This review is in conformity with our policy thrust of maintaining a subsidised pricing regime in the short run or in the short term with a transition plan to achieving a full cost reflective tariff for the sector over a period of three years,” he said.

The Minister said that before the tariff increase, the government was subsidising  the cost of producing and transmitting electricity in the country by more than 50 per cent.

Adelabu said the government decided not to migrate to a cost reflective tariff or remove subsidy 100 percent because it was sensitive to the pains being experienced by Nigerians presently.

He said removal of subsidy would be a journey rather than destination and that it would be a gradual migration from subsidy regime to a full cost reflective tariff regime.

Energy

Port-Harcourt refinery may resume operations July – Report

Published

on

The National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria (IPMAN), Chief Ukadike Chinedu has revealed that the refinery may resume operations in July.

Speaking to newsmen on Monday, Ukadike stated that the development would stimulate economic activities reduce the price of petroleum products and ensure adequate supply.

The IPMAN official stated that the work done represented a complete turnaround, not just rehabilitation, emphasising that every effort would be made to meet the July deadline.

Ukadike said, “Yes when we visited the place, the MD told us that the refinery was almost ready and by the end of July, they would start
producing. It has been turned into a new one they changed all the armoured cable to brand new and everything there is almost like a brand-new refinery.”

“The turnaround on maintenance is
very massive and the job is being done day and night. All hands are on
deck to make sure that they meet that target. By ending of July the refinery should be ready.” He said.

Continue Reading

Energy

NDDC inaugurates Edo electricity sub-station

Published

on

The Niger Delta Development Commission (NDDC) has inaugurated the 1×15MVA 33/11KV electricity injection substation it built in Amufi, Ikpoba-Okha Local Government Area in Benin City, Edo State.

Speaking at the commissioning ceremony, the NDDC Managing Director, Dr Samuel Ogbuku, re-stated the Commission’s resolve to fully comply with President Bola Ahmed Tinubu’s directive that all on-going projects were completed and commissioned.

He said: “Today marks the second day in our series of project commissioning. On Saturday, we were in Abia State to commission the 9-kilometer Obehie-Oke-Ikpe Road and flagged off the re-construction of Oke-Ikpe-Akwete-Ohambele Road, phase II.

“Our presence here today is to share the success story of our commissioning of projects and emphasise how the NDDC is a true blessing to the people of the Niger Delta. We have made remarkable progress. Our goal is not to compete with State Governments but to complement their efforts, along with other federal agencies, in driving development in the region.

“We are here to celebrate success, as Mr. President has directed that every stalled project be completed and commissioned for the benefit of the people. By prioritising the completion of such projects, we are making a difference in the lives of our people.”

Ogbuku said that the Commission was committed to improving the living conditions of Niger Deltans, stating: “Our objective is to move the NDDC from a transactional Commission to one that is committed to the sustainable development and transformation of the Niger Delta region.”

The NDDC boss commended the traditional rulers and leaders of the benefiting communities for securing the project site and equipment to protect them from vandals. As a reward for their peaceful disposition and protecting government assets, Ogbuku promised that the NDDC would award a contract for the reconstruction of the dilapidated road leading into Amufi community.

During the ceremony, the Edo State Governor, Godwin Obaseki, who was represented by the Commissioner for Mining and Energy, Hon. Enaholo Ojiefoh, commended the NDDC for complementing the efforts of the state government in rural electrification.

He described the NDDC Managing Director as “Mr. Project of the Niger Delta region.”

“We are going to take it up from here by enhancing the security network to protect all your projects in Edo State. We are very happy today to be part of the commissioning of this project.”

The NDDC Executive Director, Projects, Sir Victor Antai, said that the project would increase productivity in businesses for companies and artisans in the beneficiary communities.

According to him: “The features of the project include; installation of 15MVA, 33/11KV transformer with 33KV 1250A SF6 circuit breaker, switch gear panels, tripping unit and 1km 33KV high tension overhead line.

The representative of Edo South Senatorial District, Senator Neda Imasuen, underscored the fact that light eliminates darkness and opens up communities to development. He expressed delight that his constituents would begin to enjoy better services from the electricity company serving the area.

He stressed: “The transformative power of electricity cannot be overstated; this project will have a multiplier effect on businesses within the community.”

Also speaking, the immediate past Senator representing Edo South in the National Assembly, Senator Mathew Urhoghide, said the impact of electricity projects were enormous, noting that the communities in Ikpoba Okha LGA would begin to reap the benefits of NDDC’s contribution to rural development.

He remarked: “For the people in this community, this project will assist in their development by providing access to electricity, benefiting both the residents and local establishments.”

The Edo State Representative on the NDDC Governing Board, Hon. Patrick Aisowieren, said he was happy that the substation project, which commenced a few years back, had been successfully completed.

He said further: “I urge the community to take ownership of this facility for the greater good of the community and the entire Edo State.

The traditional ruler of Amufi, Ohen Iyi-Ewuara Asenoguan, thanked the NDDC for executing the electricity project and appealed for more infrastructural projects in the area.

Continue Reading

Energy

Communities demand accountability  of 3% HCDT from OML54

Published

on

Members of OML54 communities have asked Aradel Holdings Plc, to make available the details of the 3percent host community development fund accruable to the community as enshrined in the Petroleum Industry Act, PIA.

The people who made the demand during a town hall meeting with the management of Aradel Holdings Plc, insisted that the host communities ought to know how much has accrued to them from the 3 percent HCDT fund, either quarterly or annually.

Aradel, formerly known as Niger Delta Petroleum Resources Plc, NDPR is the operator of OML54 and Aradel Modular Refinery in Ahoada East and Abua/Odual Local Government Area of Rivers State. The company in the past, has been at loggerheads with its host communities leading to endless protests.

Speaking, the General Secretary of Ogbele community, Comrade Solomon Oyagiri, lamented that Aradell Holdings has not accorded the community its due, despite developmental promises made by its pioneer Managing Director, Aret Adams.

Oyagiri cited the continuous refusal by the company to give details of the 3 percent development fund accrued to it as one of the vexing situations created by the company, and queried the non payment of equitable fees from badges and vessels trucking at the community river bank.

He alleged that the selective justice created to cover the fraud and mismanagement of the host community trust fund was the bane of development, progress and the cause of myriads of litigations to contest injustice and marginalisation by the people and urged the company to align with genuine community representatives.

“A Post Environmental Impact Assessment, as a result of hazardous pollution and accompanying economic deprivation and social benefits to numerous fishermen and women arising from Aradel’s trucking operations on its coastal lines has not been carried out.

“We frowned at the continuous refusal by Aradell Holdings Nigeria Plc to implement the agreement reached with the community after the September 2022 peaceful protest. Even some staff of Aradel have teamed up with some of our community members to thwart the reached agreement.

“Aradel has refused to employ our sons and daughters from the host families into managerial positions; there is lack of total employment, refusal to adhere to the Local Content Act and impoverishment of our people through lack of award of contracts.”

Responding, the Community Relations Manager, Aradel Holdings Plc, Mr Blessing Okpowo, promised to take their demands to the management and assured the people that the community’s maternity home would soon be upgraded to a cottage hospital where healthcare services would be accessible and affordable.

Okpowo urged the people to be united in their demands and affairs, saying, “only unity of purpose can attract the needed development,” and assured the people of a regular interface with the community leadership.

Continue Reading

Trending