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NCDMB to Host African Local Content Investment Forum

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By Adedapo Adesanya

The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the African Local Content Investment Forum (ALCIF) in Lagos on March 7, 2022.

This was disclosed by the Executive Secretary of the Board, Mr Simbi Wabote in a statement, on Saturday in Abuja. He said the event will foster sustainable funding of African oil and gas projects, noting that the current energy transition agenda was posing new challenges to Africa.

Mr Wabote said the forum would also provide a platform for African leaders in the oil and gas industry, financial sector, regulators, and regional bodies to meet and shape the industry’s future in Africa amidst energy transition realities.

He said that it would elevate Africa’s indigenous oil producers and national oil companies as the next generation of project producers involved in the equity financing of exploration and field development activities.

This, he said, also positions Africa’s oil and gas service companies as funding blocks for research and development of technology required for exploration and production operations.

The NCDMB boss further said that it would position Africa’s financial institutions as providers of debt financing for oil and gas projects.

“The ongoing global energy transition is driving most International Oil Companies (IOCs) to declare commitments to reduce carbon emissions thereby scaling down investments in hydrocarbons development in favour of expanding renewable portfolios.

“Leading global financial institutions are also reducing or eliminating portfolio allocations to oil and gas projects,” he said.

According to him, the board’s sponsorship of the forum is in furtherance of the Nigerian Content 10-Year Strategic Roadmap.

Mr Wabote said that it had a key aspiration to promote local content across the African continent and ensure access to the market for oil and gas capacities that have been developed locally.

The board, he said, consistently provided guidance to several African countries on the implementation of local content policies in their jurisdictions.

According to the organisers, the local content policy which has been implemented successfully in the Nigerian Oil and Gas Industry offers the most appealing economic development models for a self-reliant and resilient African economy.

Africa accounts for eight per cent of the world’s hydrocarbon reserves with an estimated 126.388 billion barrels equivalent.

The continent contributes three per cent of global Gross Domestic Production (GDP) despite having a population of over 1.373 billion people and being the second largest and second most-populous continent on earth.

Analysts believe that the continent has the human resource base to leverage its hydrocarbon, minerals, and other natural resources to improve its GDP contribution.

Expected at the event are delegates from 18 countries mostly from the African Petroleum Producers Association (APPO), 140 financial institutions, and 400 participants from around the continent.

The event is being facilitated by the Heritage Times and has as its theme: “Developing a Pan African Strategy towards Sustainable Funding of Africa Oil and Gas Projects”.

The ALCIF is sequel to the first African Local Content Roundtable hosted by the board in June 2021 at the NCDMB Towers in Yenagoa, Bayelsa.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Nigeria’s Daily Fuel Consumption Drops 18.6% to 48 million Litres

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By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that average litres of fuel consumed daily by the country decreased by about 18.6 per cent to 48.0 million litres in June 2025 from the 59.0 million litres recorded in May 2025.

The Director of Public Affairs for NMDPRA, Mr George Ene-Ita, confirmed this in a report on Wednesday, noting that for the full month, the fuel consumption also went down by 16.4 per cent or 290 million litres to 1,440,768,129 litres from the previous month’s 1,768,812,804 litres.

Breaking down the fuel supply figures, the NMDPRA report stated that in June, the Automotive Gas Oil (AGO), called diesel, saw a slight increase in supply by 1.73 per cent, reaching 432.18 million litres compared to May’s 424.83 million litres.

In spite of this, diesel distribution (truck-out) declined by 23.23 per cent, falling from 552.35 million litres in May to 424.06 million litres in June.

It further showed that the Household Kerosene (HHK) supply and distribution both recorded a 13 per cent decrease, with June figures at 7.79 million litres, down from nearly nine million litres in May.

The sharpest decline was seen in automotive gasoline supply, which dropped by nearly 48 per cent from 72.36 million litres in May to 37.66 million litres in June.

Distribution also fell by 16.54 per cent within the same period.

The NMDPRA’s report also detailed fuel truck-out volumes to individual states, totalling the 1.44 billion litres evacuated in June.

The report showed that Lagos received the highest volume at 205.66 million litres, followed by Ogun with 88.69 million litres, the Federal Capital Territory (FCT) with 77.51 million litres, and Oyo with 72.81 million litres.

The decline in overall supply and distribution suggests continued challenges in the petroleum midstream and downstream sectors, impacting national fuel consumption patterns in June.

The NMDPRA, then, pledged to work closely with relevant stakeholders to strengthen distribution and guarantee the uninterrupted supply of petroleum products across the country.

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Court Dismisses Case Against Ibom Air Passenger Comfort Emmason

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By Adedapo Adesanya

An Ikeja Magistrates’ Court on Wednesday discharged the embattled Ms Comfort Emmason of charges bordering on unruly behaviour and assaulting the flight crew aboard an Ibom Air aircraft from Uyo to Lagos on Monday.

Magistrate Olanrewaju Salami struck out the five-count charge against Ms Emmason after the police prosecution team withdrew the case.

At the resumed hearing, the prosecuting council, Mrs Oluwabunmi Adeitan, informed the court of new developments that necessitated the withdrawal.

She tendered an application to the court for the withdrawal of the case, which was admitted by the court.

Earlier today, the federal government announced the withdrawal of a criminal complaint against Ms  Emmanson.

The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, disclosed this in a statement on Wednesday morning, noting that this followed consultations with key stakeholders in the aviation sector over recent incidents involving disruptive conduct at Nigerian airports.

According to the Minister, Ms Emmanson, had showed “great remorse” during a police interview in the presence of her lawyer.

As a result, Ibom Air has agreed to withdraw its complaint, with the Police expected to complete steps for her release from Kirikiri Prisons within the week.

The Airline Operators of Nigeria (AON) has also agreed to lift the lifetime flight ban earlier imposed on her.

In a related development, popular Fuji musician, Mr Wasiu Ayinde, popularly known as Kwam 1 had his six months ban reduced to one-month following an earlier fracas while the pilots involved in the matter also had their suspension reduced to one-month with their licenses re-activated upon expiry of the punishment.

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FG Gets September Deadline to Close Ex-NSA Dasuki 10-Year Case

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By Adedapo Adesanya

The federal government has gotten a September 2025 deadline to close the prosecution of former National Security Adviser (NSA), Mr Sambo Dasuki, over alleged money laundering, a case which has been in court for over 10 years.

The Federal High Court through Justice Peter Lifu fixed September 24, 25, and 26 for the government to call any remaining witnesses and tender all exhibits in support of the charges.

Mr Dasuki, who was first arraigned in 2015 was facing a seven-count amended charge and was expected to open his defence once the prosecution closed its case.

At the last hearing, a prosecution witness, Mr Monsur Mohammed, told the court that following Mr Dasuki’s arrest, his residences in Abuja, Kaduna, and Sokoto were searched for arms and cash.

Led in evidence by prosecution counsel, Mr Oladipupo Okpeseyi (SAN), the witness, an exhibits keeper with the Department of State Services (DSS), listed items recovered from Dasuki’s Abuja residence at 46, Nelson Mandela Street, Asokoro.

He claimed that at Mr Dasuki’s House at 46, Nelson Mandela Street, Asokoro, found items include two Compact Disc of Freedom Radio on Jokolo, two GT Bank Cheque books, two blackberries phones, Nokia phone, flash drive, Apple Laptop and statement of account as part of items found in the house.

Others were a Visa card, approval letter of a radio station granted to Afri-Media Integrated Ltd, one CD on arrest and execution of Mohammed Yusuf, $500 and 533 Saudi Riyadh.

Also recovered were an HSBC account book and a Cheque book of Habibson Ltd of a Mr Abubakar Ibrahim.

The court admitted the items as Exhibits MSD 015 to 034 following no objection from Dasuki’s lawyer, Mr Ahmed Usman.

It was also revealed that at Mr Dasuki’s residence in Sabo Birni, Sokoto State, the exhibits keeper claimed that $150,000 were recovered in the house and subsequently deposited with the Central Bank of Nigeria (CBN).

The prosecutor said he would ask the DSS to bring the cash to court to be tendered as exhibits.

At the Sultan Abubakar Road, Sokoto house, the witness told the court that no items were found.

At this stage, the federal government counsel applied for an adjournment to enable him bring before the court other items found in Mr Dasuki’s house during the four search warrants executed in the houses.

Justice Lifu while granting the adjournment request directed the federal government to be ready to close its case against the defendant and for Dasuki to open his defence.

The judge subsequently adjourned the case until September 24, 25 and 26.

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