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New MD for CLN

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Carbon Limits Nigeria (CLN) has appointed James Ogunleye as its managing director.

He replaced Paul Parks, the former managing director of the company.

Ogunleye according to a ststement from the firm, obtained a Bachelor of Science degree in engineering from the University of Ilorin, Master of Science in engineering from the University of Ibadan and Master of Science in renewable energy & the environment from the University of Reading, United Kingdom.

He has over 18 years experience, which spans projects planning and implementation, projects coordination, business advisory and carbon projects development.

Ogunleye had worked with specialised power and renewable energy consulting outfits that played active roles in the grid and off-grid power systems and emerging renewable energy industry in Nigeria.

Prior to joining Carbon Limits Nigeria, Ogunleye held various positions such as project implementation officer at Globacom, projects/business advisor at PowerCap Limited, and project coordinator, Rubitec Nigeria Limited.

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LG Display seeks job cuts amid mounting financial losses

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LG Display seeks job cuts amid mounting financial losses

South Korea’s LG Display Co Ltd on Tuesday announced a voluntary redundancy program for its domestic production line employees amid mounting financial losses.

News of the possible job cuts came a day after the company, which supplies display screens supplier to Apple, announced Chief Executive Han Sang-beom had stepped down following an emergency board meeting.

The company did not put a figure on how many of its around 23,000 South Korean production line workers it hoped would take up its offer.

LG Display has been struggling with a global supply glut in liquid-crystal displays (LCDs) used in television sets, which has pushed down prices.

The South Korean company is shifting its mainstay liquid LCD business toward next-generation organic light-emitting diode (OLED) panels, which cost massive investment, as the LCD panel industry is crowded with Chinese rivals.

A company spokeswoman, Jean Lee, said the cuts were part of an emergency plan to increase cost efficiencies in panel production as well as other expenses.

LG Display said it planned to take voluntary redundancy applications from Korean workers who had been at the company five years or more over the next few weeks. The company has 59,000 employees globally, including in China, reports Reuters.

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Pound slips after Luxembourg PM’s Brexit remarks

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Pound slips after Luxembourg PM’s Brexit remarks

The pound has slipped further from last week’s gains after remarks by Luxembourg Prime Minister Xavier Bettel directed at Boris Johnson.

Sterling fell 0.8% to 1.2408 against the US dollar, after briefly rising above $1.25 in early Asian trading – its highest level in nearly two months.

Last week, the pound rose by 1.7%, but on Monday it also weakened by 0.2% against the euro – to 88.68p.

Futures data shows investors have resumed shorting the pound – betting on its decline – after a brief pause.

The pound fell to a three-year low below $1.20 earlier this month, but then soared over 4% for a few days.

But in remarks showing that a gulf remains between the British and European Union positions on Brexit, Bettel said the prime minister had failed to propose serious alternatives that would get a deal done.

Bettel said the British leader needed to “stop speaking and act”.

“We need more than just words,” he said. “We need a legally operable text to work on as soon as possible.”

He added that Johnson was seeking to blame the bloc for the “nightmare” of a prospective no-deal Brexit that would also affect EU citizens resident in Britain.

Bettel was standing alone at a podium that had been prepared for both leaders as Johnson left immediately after the meeting amid a loud anti-Brexit protest.

Johnson and his ministers have been talking up progress in negotiations with Brussels, but the EU side has sounded less optimistic, putting the onus on Britain to come up with new, concrete ideas, reports sky news.

Johnson said after a meeting with European Commission President Jean-Claude Juncker that “there is a good chance” of a Brexit deal with the European Union.

He added that he could “see the shape” of an agreement, but it would “require movement” from the EU.

But Monday’s comments indicated that no agreement was in sight despite meetings between Johnson and European Commission chief Jean-Claude Juncker and later Bettel.

Thu Lan Nguyen, a currency strategist at Commerzbank in Frankfurt said: “The fact remains there is still a decent chance of Britain not (being) able to secure a deal, and that is prompting investors to take profits after last week’s rally.”

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Pound slips after Luxembourg PM’s Brexit remarks

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Pound slips after Luxembourg PM’s Brexit remarks

The pound has slipped further from last week’s gains after remarks by Luxembourg Prime Minister Xavier Bettel directed at Boris Johnson.

Sterling fell 0.8% to 1.2408 against the US dollar, after briefly rising above $1.25 in early Asian trading – its highest level in nearly two months.

Last week, the pound rose by 1.7%, but on Monday it also weakened by 0.2% against the euro – to 88.68p.

Futures data shows investors have resumed shorting the pound – betting on its decline – after a brief pause.

The pound fell to a three-year low below $1.20 earlier this month, but then soared over 4% for a few days.

But in remarks showing that a gulf remains between the British and European Union positions on Brexit, Bettel said the prime minister had failed to propose serious alternatives that would get a deal done.

Bettel said the British leader needed to “stop speaking and act”.

“We need more than just words,” he said. “We need a legally operable text to work on as soon as possible.”

He added that Johnson was seeking to blame the bloc for the “nightmare” of a prospective no-deal Brexit that would also affect EU citizens resident in Britain.

Bettel was standing alone at a podium that had been prepared for both leaders as Johnson left immediately after the meeting amid a loud anti-Brexit protest.

Johnson and his ministers have been talking up progress in negotiations with Brussels, but the EU side has sounded less optimistic, putting the onus on Britain to come up with new, concrete ideas, reports sky news.

Johnson said after a meeting with European Commission President Jean-Claude Juncker that “there is a good chance” of a Brexit deal with the European Union.

He added that he could “see the shape” of an agreement, but it would “require movement” from the EU.

But Monday’s comments indicated that no agreement was in sight despite meetings between Johnson and European Commission chief Jean-Claude Juncker and later Bettel.

Thu Lan Nguyen, a currency strategist at Commerzbank in Frankfurt said: “The fact remains there is still a decent chance of Britain not (being) able to secure a deal, and that is prompting investors to take profits after last week’s rally.”

Continue Reading

Business

Pound slips after Luxembourg PM’s Brexit remarks

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on

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Pound slips after Luxembourg PM’s Brexit remarks

The pound has slipped further from last week’s gains after remarks by Luxembourg Prime Minister Xavier Bettel directed at Boris Johnson.

Sterling fell 0.8% to 1.2408 against the US dollar, after briefly rising above $1.25 in early Asian trading – its highest level in nearly two months.

Last week, the pound rose by 1.7%, but on Monday it also weakened by 0.2% against the euro – to 88.68p.

Futures data shows investors have resumed shorting the pound – betting on its decline – after a brief pause.

The pound fell to a three-year low below $1.20 earlier this month, but then soared over 4% for a few days.

But in remarks showing that a gulf remains between the British and European Union positions on Brexit, Bettel said the prime minister had failed to propose serious alternatives that would get a deal done.

Bettel said the British leader needed to “stop speaking and act”.

“We need more than just words,” he said. “We need a legally operable text to work on as soon as possible.”

He added that Johnson was seeking to blame the bloc for the “nightmare” of a prospective no-deal Brexit that would also affect EU citizens resident in Britain.

Bettel was standing alone at a podium that had been prepared for both leaders as Johnson left immediately after the meeting amid a loud anti-Brexit protest.

Johnson and his ministers have been talking up progress in negotiations with Brussels, but the EU side has sounded less optimistic, putting the onus on Britain to come up with new, concrete ideas, reports sky news.

Johnson said after a meeting with European Commission President Jean-Claude Juncker that “there is a good chance” of a Brexit deal with the European Union.

He added that he could “see the shape” of an agreement, but it would “require movement” from the EU.

But Monday’s comments indicated that no agreement was in sight despite meetings between Johnson and European Commission chief Jean-Claude Juncker and later Bettel.

Thu Lan Nguyen, a currency strategist at Commerzbank in Frankfurt said: “The fact remains there is still a decent chance of Britain not (being) able to secure a deal, and that is prompting investors to take profits after last week’s rally.”

Continue Reading

Business

Pound slips after Luxembourg PM’s Brexit remarks

Published

on

By

Pound slips after Luxembourg PM’s Brexit remarks

The pound has slipped further from last week’s gains after remarks by Luxembourg Prime Minister Xavier Bettel directed at Boris Johnson.

Sterling fell 0.8% to 1.2408 against the US dollar, after briefly rising above $1.25 in early Asian trading – its highest level in nearly two months.

Last week, the pound rose by 1.7%, but on Monday it also weakened by 0.2% against the euro – to 88.68p.

Futures data shows investors have resumed shorting the pound – betting on its decline – after a brief pause.

The pound fell to a three-year low below $1.20 earlier this month, but then soared over 4% for a few days.

But in remarks showing that a gulf remains between the British and European Union positions on Brexit, Bettel said the prime minister had failed to propose serious alternatives that would get a deal done.

Bettel said the British leader needed to “stop speaking and act”.

“We need more than just words,” he said. “We need a legally operable text to work on as soon as possible.”

He added that Johnson was seeking to blame the bloc for the “nightmare” of a prospective no-deal Brexit that would also affect EU citizens resident in Britain.

Bettel was standing alone at a podium that had been prepared for both leaders as Johnson left immediately after the meeting amid a loud anti-Brexit protest.

Johnson and his ministers have been talking up progress in negotiations with Brussels, but the EU side has sounded less optimistic, putting the onus on Britain to come up with new, concrete ideas, reports sky news.

Johnson said after a meeting with European Commission President Jean-Claude Juncker that “there is a good chance” of a Brexit deal with the European Union.

He added that he could “see the shape” of an agreement, but it would “require movement” from the EU.

But Monday’s comments indicated that no agreement was in sight despite meetings between Johnson and European Commission chief Jean-Claude Juncker and later Bettel.

Thu Lan Nguyen, a currency strategist at Commerzbank in Frankfurt said: “The fact remains there is still a decent chance of Britain not (being) able to secure a deal, and that is prompting investors to take profits after last week’s rally.”

Continue Reading

Business

Pound slips after Luxembourg PM’s Brexit remarks

Published

on

By

Pound slips after Luxembourg PM’s Brexit remarks

The pound has slipped further from last week’s gains after remarks by Luxembourg Prime Minister Xavier Bettel directed at Boris Johnson.

Sterling fell 0.8% to 1.2408 against the US dollar, after briefly rising above $1.25 in early Asian trading – its highest level in nearly two months.

Last week, the pound rose by 1.7%, but on Monday it also weakened by 0.2% against the euro – to 88.68p.

Futures data shows investors have resumed shorting the pound – betting on its decline – after a brief pause.

The pound fell to a three-year low below $1.20 earlier this month, but then soared over 4% for a few days.

But in remarks showing that a gulf remains between the British and European Union positions on Brexit, Bettel said the prime minister had failed to propose serious alternatives that would get a deal done.

Bettel said the British leader needed to “stop speaking and act”.

“We need more than just words,” he said. “We need a legally operable text to work on as soon as possible.”

He added that Johnson was seeking to blame the bloc for the “nightmare” of a prospective no-deal Brexit that would also affect EU citizens resident in Britain.

Bettel was standing alone at a podium that had been prepared for both leaders as Johnson left immediately after the meeting amid a loud anti-Brexit protest.

Johnson and his ministers have been talking up progress in negotiations with Brussels, but the EU side has sounded less optimistic, putting the onus on Britain to come up with new, concrete ideas, reports sky news.

Johnson said after a meeting with European Commission President Jean-Claude Juncker that “there is a good chance” of a Brexit deal with the European Union.

He added that he could “see the shape” of an agreement, but it would “require movement” from the EU.

But Monday’s comments indicated that no agreement was in sight despite meetings between Johnson and European Commission chief Jean-Claude Juncker and later Bettel.

Thu Lan Nguyen, a currency strategist at Commerzbank in Frankfurt said: “The fact remains there is still a decent chance of Britain not (being) able to secure a deal, and that is prompting investors to take profits after last week’s rally.”

Continue Reading

Business

Air Rage: Emerging challenge for airline industry

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Air Rage: Emerging challenge for airline industry

Indeed, air rage has become a global problem. Such unruly behaviour, threatening safety and security, adversely affects the travel experience of compliant passengers and disrupts operations that may result in flight delays, cancellations or diversions, writes WOLE SHADARE

 

Hard task

Airline personnel have, increasingly, found it necessary to deal with unruly and disruptive passengers, some of whom display violent behaviour.

This behaviour can result in serious injury to staff and passengers and can compromise the safety of the aircraft.

Termed ‘Air Rage’, this phenomenon enjoys regular media attention and airlines, unions and governments are attempting to tackle this issue.

By many measures, the travel industry is becoming busier. Skies are congested, airports more crowded and air travel is becoming more accessible for more people.

This increased congestion at airports and on airplanes may result in a change concerning the notion of travelling by air. Those who use air travel on a regular basis may, increasingly, consider the experience mundane; infrequent or first time travellers may find it a disappointment – the relaxed, spacious and glamorous image portrayed by many airline advertisements is often at odds with that experienced by those travelling economy.

Constraints

Airlines are constantly striving to attain full aircraft on busy routes, while achieving a profit in what has increasingly become a very price sensitive industry. The occurrence of air rage incidents may be, in part, attributable to the constraints under which the air travel industry operates.

Air rage is a relatively new but high profile phenomenon; such incidents being regularly reported in the press.

The International Air Transport Association (IATA) suggests that air rage occurs when a passenger acts in an unruly or disruptive manner, normally at some point during the flight (IATA 2000).

Therefore, while the phenomenon is termed ‘Air Rage,’ it can occur during check-in, at luggage retrieval or indeed at any point during the air travel experience.

The Nigerian example

In Nigeria, there are so many reported cases of air rage, which had led to either delay or flight cancelation where the offender is apprehended by security operatives especially when the action poses danger to flight safety.

This happen most times on international flights or flights used for deportation of Nigerians abroad. No one knows how many unruly passengers cause flight diversions each year or how many are ordered to pay restitution.

However, in some of the most egregious incidents, unruly passengers can face large financial restitution penalties. The fines carry a dual purpose. They help airlines recoup the cost when a flight is cut short and serve as a deterrent to others to think twice before behaving badly on a flight.

Unruly passengers have been a problem airlines have grappled with for decades. But in an era with increased focus on safety and security, tighter seating and packed planes, the airline industry feels a sense of urgency to identify potential problems and prevent incidents. The restitution penalties are federal prosecutors’ efforts to put a dent on the problem.

Pay the fine

In a case in July, 2018, a passenger Bolutife Olusegun Olorunda was ordered to pay Delta Air Lines $9,118 for the cost of a diversion to Tulsa after he verbally assaulted a flight attendant on his flight from Portland, Oregon to Atlanta.

The issue of misbehavior in the air has gained greater focus in recent years, with IATA pushing for countries to adopt a global legal framework and enforcement policy for unruly passengers, since gaps in governance can mean some people are never punished for misconduct.

Association of Flight Attendants union spokeswoman, Taylor Garland, said many of people took prescription drugs to feel more comfortable flying and they don’t realize the effects that alcohol or drugs can have when they’re up in the air.

Nipping conflicts in the bud

If an issue with one problematic passenger isn’t tackled quickly, it could escalate into a conflict involving more people and become “a much bigger incident,” Garland said, which is why the captain may decide to divert the airplane suggests that there is an impression that violent behaviour, in general are likely to occur.

An airline official, who simply gave his name as Ukachukwu, said the phenomenon was increasing in society,while there are many examples of similarly unruly, aggressive, outrageous and seemingly excessive behaviour in contemporary society. The unique environment of an aircraft in flight makes such behaviour disturbing, frightening and potentially extremely dangerous.

Should such an incident occur, neither passengers nor staff have the opportunity to remove themselves, nor is there the option of requesting immediate outside assistance.

This disruptive  or unruly behaviour can take several forms, ranging from relatively minor infringements, such as arguing with fellow passengers, expressing dissatisfaction with the service or refusal to stop smoking, to more serious and abusive incidents such as the assault of fellow passengers and/or crew and damage to the aircraft.

Ukachukwu highlights several problems surrounding the compilation of statistics relating to air rage incidents, such as the fact that official records have only recently been kept and sometimes a reluctance on the part of air crew to report offenders.

There has, however, been a dramatic increase in such incidents, which shows no sign of abating. There are indications that most statistics are likely to underestimate the problem.

A recent survey by the International Air Transport Association shows a five-fold increase in world-wide Air Rage incidents from 1132 incidents in 1994, to 5416 incidents in 1997 (IATA 2000).

Skyrocketing statistics

According to the United States Aviation Safety Reporting System (ASRS), unruly passenger reports have increased eight-fold to 534 in 1999 (ASRS 2000).

The two major Australian airlines only began recording air rage incidents in 1998 when 30 episodes were noted, this increased to 650 recorded occurrences in 1999. The main Japanese carriers report a year on year doubling of unruly behaviour incidents to 330 in 1999.

Thus, incidents of air rage are increasing and while many incidents involve young (20-35 year old) males, often travelling in groups for leisure purposes (Calder, 2000), there are many examples of air rage incidents perpetrated by older males and females in all age groups.

It was reported recently that of a grandmother who was jailed for six months for punching a stewardess three times in the face on board a transatlantic flight from Manchester to Florida.

Last line

In the absence of formal rules and international law concerning incidents of air rage, the methods of controlling such incidents varies from airline to airline, often with cabin crew having to make on the spot decisions and take immediate action.

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Flooding: Town planners seek drainage master plan

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Flooding: Town planners seek  drainage master plan

Worried by enormous damage caused by storm water  ravaging Nigerian cities, town and villages lately, settlement experts popularly known as town planners are offering suggestions to reduce the negative effects.  Dayo Ayeyemi reports

 

From Abuja, Adamawa, Niger, Kogi Benue, Edo, Delta, Anambra, Imo. Akwa Ibom and Rivers states, the effects of climate change -induced flooding are enormous.

Apart  from sacking many Nigerian towns and villages in the last two months with attendant loss of lives and properties, flood menace has displaced many residents  in their homes,  while others are currently taking refuge in  nearby primary and secondary schools.

This perennial problem is always caused by torrential downpour  between the months of July and October.

While government seems to be confused about the situation, town planners are worried that the situation might go worse if government failed to do the needful.

They are asking government to declare a state of emergency over the situation.

Besides , they canvassed for implementation of physical development  plans,  national drainage master plan and flood control policy.

Experts’ views

Speaking with New Telegraph at the weekend, first Vice President, Nigerian Institute of Town Planners(NITP), Toyin Ayinde, said that  prevention of flooding in Nigeria would  entail every form of environmental inconvenience, saying the nation needed to put in place national physical plans

Ayinde,  a former Commissioner for Physical Planning in Lagos State, pointed out that the annual  flood disaster being witnessed in the country was as a result of  absence of  physical planning.

According to him, absence of planning  always brings disasater, noting  that there is  nothing like national driainage plan in the country presently.

“Although, there are many maps, but plans are delibrate activities gear towards solving a problem,” he said.

He called on the Federal and State governments  on the need for physical plans, saying “It is never too  late than never.”

“Government must just plan because planning takes people to their destination.”

For Nigeria to combat and reduce effect of climate change, leading to perennial flooding of almost 22 states of the federation, a former President  of NITP  and Association of Professional Bodies of Nigeria (APBN), Dr.  Bunmi Ajayi, said  it would require emergency solutions.

According to him,  one of the solutions would require raising  platforms to serve  as helipads where helicopters  could land for immediate rescue of flood victims during  emergency situation .

Besides, he said it was high time government  commenced strict implementation and enforcement of state physical plans to prevent people from erecting building haphazardly  along drainage  and water channels.

He said: “People build haphazardly along waterway, floodplains, setbacks and drainage.  This must  stop if we don’t want greater disaster.”

According to him,  until cities have plans and somebody is committed to their implementation, flood menace would continue.

The former town planners’ boss said the problem of flooding in Nigeria was both planning and engineering issues.

He noted that  government failed to take concrete measures concerning  the issue of climate change almost two decades the discussion had been  on.

“Rather, we are sandfilling  by raising sea level.  Maps of cities along the coast  show that  Lagos is five metres below the sea level. Government should have stopped sandfilling,” he said, pointing out that issue of climate change cut across every state.

He urged government and citizens to follow physical development plans.

A former President of Association of Town Planning Consultants of Nigeria, Mr.  Moses Ogunleye, urged  all cities and towns in Nigeria to  have  drainage master plans.

According to him,  effective physical planning would  reduce substantially the incidences of  urban flooding as all physical development plans would have adequately consider the issue of  de -looding and flood  management. 

He stated that lack of implementation of master plans for cities aggravated flooding.

“There are also many instances where master plans for cities have not been properly implemented, these aggravated flooding,”  he said.

According to him, most Nigerian  cities are developed with little or no concern for flood control.

Ogunleye said that  towns and cities would  continue to experience flooding until governments appreciate the linkage between physical development planning and flood management .

According to him, there must   be clear cut plans to create and preserve storm water channels.    

“This should be done  quickly by governments, with the full involvement of communities . Funding  must also be provided,” Ogunleye said.

Incidents

Sometimes in August, raging flood swept away the Director of Finance, Federal Capital Territory High Court, Mr. Tony Okecheme, in Abuja, when his car got stuck at Galadimawa roundabout.

According to reports, many parts of Adamawa State were taking over by flood in September,  killing  five persons in the Yola North Local Government Area of the state. Three were from Yola North and two from Lamurde and Song council areas in the state.

The flooding caused by  prolonged downpour, wreaked havoc in several other council areas and sacked many from their homes.

Several households in Lamurde, Yola North, Yola South, Numan, Demsa and Song were submerged by in the downpour which began around 3pm that  Thursday and continued into the evening.

Transitional Chairman, Yola North Local Government Council, Adamu Ibrahim, who confirmed the incident, said three children in Yola North died in the floods which submerged over 20,000 houses.

Also, no fewer than 2000 people, including women and children were  rendered homeless following a flood which submerged at least 70 houses in Orsu- Obodo community in the Oguta Local Government Area of Imo state.

The flood, according to eye witnesses,  was as a result of 10-day nonstop rainfall in the state.

In Enugu, flood disaster ravaged residents of Nsukka, Ihe, Alor-Uno and other communities in Nsukka Local Government Area of the state. The flood  pulled down houses, rendered some people homeless and washed away roads and crops following heavy downpour.

As it was in Enugu,  so it happened in Edo, Delta and Rivers States

Recently, Abia state Government announced collaborative plans with the World Bank to check the flood ravaging Aba, the commercial centre of the state.

Factors such as blockage of waterways by homeowners, absence of drainage system in cities and dumping of refuse in  drains were  adduced for the deluge.

Others  put the blame on government, which they said gave building approvals indiscriminately without ensuring compliance, allowing people to build on waterways and failure to provide drainage. Some people blamed home builders for not building according to approved plans and  for refusing to provide estate facilities such as storm water drainage.

Floods are among the most devastating natural disasters in the world, claiming more lives and causing more property damages than any other natural phenomena. In recent times, flooding across Nigeria has left both the government and the governed devastated.

Some of the worst floodings in recent memory happened five years ago, precisely in March 2012 when 32 of Nigeria’s 36 states were affected,. The havoc it caused then was so devastating such that more than 300 persons were killed while over two million others were displaced.

Flood alert

NIHSA’s Director-General, Clement Nze, few months ago   urged Nigerians to heed flood warnings raised in the 2019 AFO and identified non-adherence to flood early warnings as the major problem inhibiting prevention, mitigation and preparedness against flood disasters in Nigeria.

In its recently published 2019 Annual Flood Outlook (AFO) report, NIHSA stated that some parts of the eight hydrological areas across the country, within nine sub-basins comprising Sokoto, Niger, Adamawa, Benue, Anambra, Imo, Edo, Delta, Rivers, Bayelsa, Cross River, Lagos, Ogun, Osun, Oyo and Yobe states are highly probable flood risk areas in 2019, covering about 74 Local Government Areas.

The report also predicted that flood incidents would be less probable in about 279 LGAs.

Moreover, the 2019 AFO report stated that coastal states like Bayelsa, Cross River, Delta, Lagos, Ondo and Rivers are expected to experience coastal flooding due to rise in sea level and tidal surge which would impact on fishing, habitation and coastal transportation.

A former President of Nigerian Institute of Town Planners (NITP), Mr. Steve Onu, blamed the rampaging flood’s incident on indiscriminate  ways people built  their houses  without consideration for storm water  drainage.

According to him, if there was sufficient drainage system, it would have transported  storm water away without overflowing major roads.

Last line

To avert flood occurrence beyond tree planting, Nigerian government needs to link  physical development plans with national drainage master plan.

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Crude theft: FG blocks IOCs’ drone surveillance investment

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Crude theft: FG blocks IOCs’ drone surveillance investment

The Federal Government has rejected an investment proposal by some international oil companies (IOCs) to deploy drones for surveillance in a bid to end crude theft and pipeline vandalism rocking the country.

The rejection, New Telegraph gathered exclusively at the weekend, was conveyed by the military hierarchy over its belief that the move, if allowed, could breach national security.

The move to deploy drones was made by IOCs that have over the years lost millions of dollars to vandalism.

“Unfortunately, the IOCs will have to look beyond the drone option,” a source at the Ministry of Petroleum Resources told this newspaper at the weekend.

The military hierarchy, he continued, has “out rightly rejected this plan because of the risk that it could pose to the National security,” the source added.

Meanwhile, the Federal Government has ruled out the notion that modular refineries are the main solutions to Nigeria’s inability to refine petroleum products locally.

Government, in this regard, said it was focusing its efforts on making sure the country’s refineries operated by the Nigerian National Petroleum Corporation (NNPC) in Kaduna, Warri and Port Harcourt are fully repaired and working efficiently.

President Muhammadu Buhari, who was reportedly represented by the Minister of State for Petroleum Resources, Mr. Timipreye Sylva, stated this while speaking at the on-going 24th edition of the World Energy Congress (WEC) in Abu Dhabi, United Arab Emirates.

A statement from the Group General Manager, Public Affairs of NNPC, Mr. Ndu Ughamadu, quoted Sylva to have also said that the Federal Government planned to sign off Final Investment Decisions (FIDs) on at least four key projects in the oil industry within the last quarter of 2019.

He said his vision was to bequeath a vibrant petroleum industry, which will guarantee long term strategic investments and prosperity for Nigerians.

In 2018, the Department of Petroleum Resources (DPR) disclosed that it had so far granted licences for the establishment of modular refineries to 25 investors.

“People are talking about modular refineries; we know that modular refineries are parts of the solution, but they can only be part of the solution and not the solutions themselves.

“So, we are going to try to encourage modular refineries, but before that, we are going to really focus on repairing the existing refineries to ensure that we are back on stream very shortly,” Sylva said.

The minister also said: “My plan is to ensure that during my tenure, four Final Investment Decisions (FIDs) are taken. I am sure that within the next quarter, we should be able to conclude on some of these FIDs to grow the industry.”

He noted that gas development was a priority for the government to fast-track the industrialisation of the country.

According to him, “as you are aware, we are focusing on the Ajaokuta-Kaduna-Kano (AKK) pipeline project which will address some of our power issues and encourage the setting up of local industries and businesses in different areas in Nigeria.”

Sylva further spoke on the need to rehabilitate the refineries operated by the NNPC, saying it was unsustainable for Nigeria to continue to import petroleum products.

He added that while private investment in the refining sector would be encouraged, the government would focus more on the repair of its existing refineries.

The minister described theft of crude oil as an intractable issue and disclosed that the federal government was looking at practicable solutions to address it.

Government, he said, was also looking at reducing the cost of oil production through robust engagement with International Oil Companies (IOCs) in the country.

He explained that Nigeria needed to speak up and affirmatively at global energy fora as they remained some of the best platforms where major decisions that impact the global energy landscape are taken.

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CESEL to harness $1bn for solar power investment in Nigeria

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CESEL to harness $1bn for solar power investment in Nigeria

Community Energy and Social Enterprise Limited (CESEL) has unveiled plans to harness $1 billion investment for DPOWER, its Diaspora focused solar power initiative in Nigeria.

Chief executive officer, CESEL, Patrick Tolani, said this during the launch of DPOWER at the Federal University of Technology, Akure (FUTA).

He said that the initiative was borne out of the need to boost the power sector with part of the Diasporan remittance.

“We remit about $25 billion into Nigeria annually. So, we decided to find a means of harnessing this money,” he said.

Out of this amount, Tolani explained; “We want to put $1 billion into the power sector. We are reaching out to Diasporans and telling them that we can provide a simple solar system for the homes of their parents.

“We are expecting that millions of Nigerians will join this program.”

“If you can find a reasonable means to give us the money, we do the job,” he stated.

Nigeria’s Renewable energy policy aims to increase power generation from renewable energy sources from 13 per cent in 2015 to 23 per cent in 2025 and 36 per cent in 2030.

The deployment of the solar home systems is expected to create 3, 000 jobs.

FUTA had, according to Tolani, released one of its offices as the anchor office for DPOWER.

Explaining how it works, he said,” What we have designed is very basic. Specifically, we have the 1 kw, that can power a house conveniently. We also have the 3 kw and 5 kw solar home system.

“When you pay to a threshold, we can now go to the desired place to install.

“We are working with others to make this work whereby Diasporans can pay by installment.”

Small businesses, Tolani said, would be able to stay open for longer hours after sunset, students can continue their studies in the evening, and off-grid families can charge phones or listen to radios in their own homes.

Besides, he said a major factor behind the project is the job creation potential it offers.

“We want to put youths into employment,” he said.

“Renewable energy particularly the solar energy subsector offers tremendous opportunities for massive employment.

“This is because the oil and gas sector that gives government about 90 per cent of its revenue employs less than 1 per cent of the population.

“Our target is to create 3,000 jobs and increase the GDP.

“There’s virtually no part of the country without solar potential.”

He therefore requested the support of the Nigerian Diasporan Commission.

“We need the Diasporan Commission to make this a success.

“To solve this energy problem, we need people of like minds that can work together”, he added.

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