Connect with us

General

Nigeria, UAE, Qatar Plan Shared Shipping Network to Boost Gas Connectivity, Supply

Published

on

Nigeria’s Gas Sector

By Adedapo Adesanya

Nigeria, the United Arab Emirates (UAE) and Qatar are currently in talks to create a shared shipping network, a move aimed at expanding Africa–Asia Liquefied Natural Gas (LNG) connectivity.

This was part of the highlight of separate bilateral meetings at the weekend among the Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo; the UAE Minister of Energy, Hydrocarbons, Infrastructure and Power, Mr Suhail Al Mazrouei; and the Minister of State for Energy Affairs and President/Chief Executive Officer of Qatar Energy, Mr Saad Sherida Al-Kaabi.

The Dubai meeting acknowledged the long-standing partnership between Nigeria and the UAE through OPEC and the Gas Exporting Countries Forum (GECF), with aligned priorities on market stability, investment certainty, and just energy transitions. Other areas of discussions among the countries centred on efforts aimed at strengthening energy ties for gas development and growth.

Both ministers explored opportunities for joint cooperation in liquefied natural gas (LNG) trading and cargo swaps, as well as midstream development, including pipelines, LPG/CNG infrastructure, and processing hubs.

The discussions also emphasised the importance of decarbonisation partnerships, with a focus on carbon capture, utilisation, and storage (CCUS), blue hydrogen production, and methane management. These initiatives aim to reduce carbon emissions and promote sustainable energy practices.

Mr Ekpo invited Suhail Al Mazrouei to visit Nigeria at a convenient time to further strengthen bilateral energy cooperation and explore new opportunities for partnership.

In Qatar, the focus was on gas cooperation between both countries. Discussions during the meeting, which was held at Qatar Energy headquarters in Doha, centred around opportunities for deeper cooperation in LNG cargo swaps to reduce shipping times and optimise costs, shared shipping routes to expand Africa–Asia LNG connectivity, joint investments in floating LNG (FLNG), small-scale LNG, and gas monetisation projects, and Nigeria’s Decade of Gas initiative, which represents a national commitment to harness the country’s abundant natural gas resources as a catalyst for industrialisation, economic diversification, and clean energy access between 2021 and 2030.

The latest meeting is a follow-up visit to an engagement during the Nigeria–Qatar Business and Investment Forum in Doha in March 2024, where President Tinubu had told international investors, especially those from Qatar, to report to him any government officials that demand bribes from them.

He also assured the international business community that Nigeria was ready for serious business as his administration would deal decisively with any and all entrenched interests in the country that undermined investors’ confidence in the country’s economy. He reiterated his preparedness to remove all bottlenecks standing in the way of a profitable and legitimate enterprise.

President Tinubu told Qatari investors that Africa’s largest economy and its systems were being reformed and upgraded, and asked Qatar’s captains of industry to report any government official who demands a bribe or any form of inducement at any point in their business endeavour, moving forward, with full assurance of their direct access to the President’s Office.

“Nigeria is serious about revolutionising investment promotion. We are removing obstacles today and we are going to continue to remove all obstacles. We have done so much within nine months. And I assure you, it is free entry and free exit. Your funds will flow smoothly into and out of our country. Bring your investments,” he said.

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.

Click to comment

Leave a Reply

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

General

Adelabu’s Sister, Twin Nephews Regain Freedom as Police Kill Kidnappers

Published

on

Mrs. Olaide Busayo Adegoke John-Paul

By Dipo Olowookere

The younger sister of the former Minister of Power, Mr Adebayo Adelabu, Mrs Olaide Busayo Adegoke John-Paul, has been rescued by officials of the Nigeria Police Force (NPF).

The woman was freed from her kidnappers along with her twin sons, Peter and Paul, on Saturday evening.

They were abducted on Wednesday morning while the former employee of the Central Bank of Nigeria (CBN) was taking her children to school in Ibadan, Oyo State.

The unfortunate incident reportedly occurred at about 7:30 am on June 3, 2026, throwing residents of the area into panic. The 43-year-old mother was taken from her vehicle by the gunmen and driven away with her 12-year-old twin sons.

This evening, in an operation by security operatives, the victims were rescued, while two of the suspected kidnappers were fatally shot in a gun duel, and two firearms were recovered from the gang.

The police are now combing the area where the rescue operation took place to apprehend some of the fleeing kidnappers, who are believed to have escaped with gunshot wounds.

The news of the rescue of the kidnapped victims has thrown the family of the former Minister into a frenzy.

Continue Reading

General

FG, Honeywell Explore Sustainable Development Opportunities

Published

on

honeywell group

By Modupe Gbadeyanka

The federal government and the Honeywell Group are strengthening a partnership aimed at achieving sustainable development in Nigeria.

The company on Thursday held a meeting with the Minister of Interior, Mr Olubunmi Tunji-Ojo, in Abuja. Both parties explored ways to promote economic development, reaffirming the importance of public-private sector cooperation in advancing Nigeria’s development agenda and improving service delivery for citizens.

The Senior Adviser to the Honeywell Group, Mrs Oduwaye Nsidi-Sakiri, reaffirmed the organisation’s commitment to supporting national development through constructive engagement and collaboration.

“We commend the remarkable progress that has been made. These achievements are a reflection not only of leadership but also of the dedication and hard work of the entire team within the Ministry,” she said.

She explained that the visit reflected Honeywell Group’s longstanding tradition of maintaining proactive and constructive relationships with government institutions, regulatory agencies, and other key public-sector stakeholders. She further expressed the group’s willingness to explore opportunities for collaboration in support of government initiatives and national development objectives.

Also speaking, Honeywell Group Chief Operating Officer, Mrs Tomi Ayo-Tugbo, commended the Ministry for reforms that are delivering tangible improvements in the lives of Nigerians, reiterating the firm’s commitment to supporting the country’s growth and prosperity.

On his part, Mr Tunji-Ojo praised the company for its longstanding contributions to Nigeria’s economy and acknowledged the critical role of the private sector in driving economic growth, creating jobs, and supporting national development.

He further assured the delegation of the Ministry’s readiness to engage with stakeholders and collaborate with responsible corporate organisations in advancing initiatives that promote economic development, innovation, and improved service delivery.

The Minister emphasised that the reforms being implemented across the Ministry and its agencies are designed not only to improve operational efficiency but also to strengthen national security and enhance public confidence in government institutions.

“Our goal is to build institutions that work efficiently for the people. We are committed to creating systems that are transparent, technology-driven, and capable of delivering services in a manner that reflects the aspirations of a modern Nigeria,” he stated.

“The government cannot achieve sustainable development alone. Strong partnerships between the public and private sectors are essential to building a prosperous nation. We value organisations such as Honeywell Group that have consistently invested in Nigeria and contributed to the country’s growth over several decades,” Mr Tunji-Ojo added.

Continue Reading

General

FG Orders MDAs to Secure Funding Before Awarding Contracts

Published

on

project funding

By Adedapo Adesanya

The federal government has directed that no new public contracts should be awarded without first getting the funds, as part of efforts to improve project delivery across the country.

Director-General of the Bureau of Public Procurement (BPP), Mr Adebowale Adedokun, disclosed this on the sidelines of the Inaugural Hosting of The Procurement Evolution in Abuja on Thursday.

Mr Adedokun said President Bola Tinubu had approved measures to raise resources needed to settle outstanding obligations to contractors, describing timely payment as critical to an efficient procurement system.

“Mr President has given a directive on when funds should be raised to address the concerns of contractors who are yet to be paid. With this, procurement processes will be much better because payment is now tied to procurement.

“Meaning that no award will be further issued without resources or funding available. So these are the things that the President has asked us to do.”

The BPP boss said the government was also implementing 23 procurement reforms aimed at improving transparency, efficiency and value for money in public spending.

According to him, committees to drive the reforms will soon be inaugurated by the Secretary to the Government of the Federation (SGF).

He said the reforms were designed to ensure that Nigerians benefit directly through improved infrastructure, healthcare, education and better living conditions.

“The president wants Nigerians to feel the effects of this transformation by having good roads, good hospitals, good educational institutions, and a good living wage for all workers.”

The Secretary to the Government of the Federation (SGF), Mr George Akume, said public procurement remained central to the Tinubu administration’s Renewed Hope Agenda.

Mr Akume noted that ongoing reforms, including proposed amendments to the Public Procurement Act 2007, the Nigeria First Policy, Nigeria e-Marketplace initiative, community-based procurement and affirmative procurement programmes, were intended to strengthen local industries and promote economic inclusion.

The SGF, represented by Mr Abubakar Kana, Permanent Secretary, General Services Office, Office of the SGF, added that the reforms would enhance transparency, simplify procurement processes and leverage technology to improve service delivery and national development.

“As we move forward, our collective responsibility is very clear.

“We must ensure that procurement processes are simplified. without compromising accountability, that technology is fully leveraged to eliminate inefficiencies and that all stakeholders work collaboratively to achieve shared national goals.

“The federal government remains fully committed to supporting the Bureau of Public Procurement in driving these reforms and ensuring that public procurement becomes a catalyst for economic growth, infrastructure development and improved quality of life for all our citizens.”

Continue Reading

Trending