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FG Signs Agreement To Import Petrol From Niger Republic

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The Nigerian government has signed a bilateral agreement with Niger Republic on petroleum products transportation and storage.

Several reports reveal that the country has ben talks through the Nigerian National Petroleum Corporation, NNPC and Niger Republic’s National Oil Company, Societe Nigerienne De Petrole (SONIDEP), on petroleum products transportation and storage.

Niger Republic’s Soraz Refinery in Zinder located about 260 kilometres from the Nigerian border, has an installed witj a refining capacity of 20,000 barrels per day. Niger Republic’s total domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 bpd, mostly for export.

Speaking shortly after the MoU signing, the Nigerian Minister of State for Petroleum Resources, Timipre Sylva described the move as a huge step in developing trade relations between both countries.

Also commenting on the development, the Secretary General of African Petroleum Producers Organisation, APPO, Omar Farouk Ibrahim said he could not be happier with what he witnessed in terms of co-operation and collaboration between the two APPO member-countries in the area of hydrocarbons.

In his remarks, the GMD NNPC, Mele Kyari, said the two countries have had long engagements in the last four to five months with a view to restoring the importation of petroleum products with the excess production from Niger into Nigeria.

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Energy

“We Will Sanction Any DISCO Selling Prepaid Meters To Nigerians” – FG

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The Federal Government is likely to lay sanction on Electricity Distribution companies (DisCos) operatives who sell prepaid meters to customers, Ahmed Zakari, Special Adviser to the President on Infrastructure has said.

Grassroots.ng reported in October, when the Federal Government said it would install at least free one million meters for electricity consumers through its mass metering programme by December.

According to Zakari, the prepaid meters are meant to be provided to customers at no cost.

He added that there is an order that mandates DisCos to reimburse customers who purchase meters through the Meter Asset Providers (MAP) scheme.

“We have made it clear through the regulator’s direct order as well as the intervention from the ministry of power that these meters are to be provided to Nigerians at no cost,” Zakari said.

“Even for meters that will be paid for through the MAP, there is a directive from the regulator to the discos that they need to find a way to reimburse citizens over time.

“If we find any disco or its representatives selling these meters or exploiting Nigerians to be able to get them, we will sanction such DisCo.

“Though it is our belief that everyone will be obliged to do the right thing, we will still be vigilant and monitor developments.”

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Energy

Supreme Court Dismisses Shell’s Request To Vacate N17b Judgment On Oil Spill

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The Supreme Court has dismissed an application filed by Dutch oil giants, Shell Petroleum Development Company of Nigeria Limited (SPDCNL) seeking to set aside its January 11, 2019 judgment upholding a N17bilion damages awarded against the oil company.

The Supreme Court has in the January 11, 2019 decision, upheld an earlier judgment by the Court of Appeal, affirming a June 14, 2010 judgment of the Federal High Court which awarded the damages against Shell over an oil spill at Ejama-Ebubu in Eleme Local Government Area of River State in the early 1970.

On Friday, Justice Samuel Osuji, who read the lead ruling of the Supreme Court’s panel, prepared by Justice Cenrus Nweze, held that the application by Shell, asking it to revisit its earlier judgment, was unmeritorious.

Commenting on the Supreme Court’s decision, Lucius Nwosu (SAN), who led the legal team of the community, said the judgment sum, with interest, now stands in the region of N160billion

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Energy

FG Begins Distribution Of Free Meters To 100,000 Customers In Lagos

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The Federal Government in collaboration with Eko Electricity Distribution Company (EKEDC) on Friday started giving out free 100,000 meters to Lagosians under the National Mass Metering Programme (NMMP).

The flag off and distribution was led by Adeoye Fadeyibi, Managing Director, EKEDC, in Orile/Ijora Districts, Surulere area of Lagos State.

The Federal Government is looking forward to bridging the metering gap in the country which stands at 59.6 per cent with the installment of free single and three phases to 100, 000 EKEDC customers in the first phase of the NMMP initiated by the President Muhammadu Buhari’s administration.

Fadeyibi said the programme was being supported by the Lagos State Government and meter manufacturers, Mojec Asset Management Company Limited and Momas Electricity Meters Manufacturing Company Limited.

Fadeyibi said : “The mass metering programme is a welcome development and a boost to the deepening of the Nigeria Electricity Supply Industry (NESI).

“The programme couldn’t have come at a better time than now given the impact of the COVID-19 pandemic on businesses and household income.

“We are happy for the initiative and acknowledge government’s renewed desire to improve the power supply and bridge the metering gap.

“Electricity as we all know is an important essential need of any society and we all have acknowledged the menace of the estimated billing both on the customers and even us as a business.

“It is my belief that with this mass metering initiative we can begin to say we are on a path to better days ahead.

“In the next 18 to 24 months, over six million meters will be distributed across households in the country and for us at Eko, we will be rolling out over 100,000 meters in the next few weeks in the first phase of the programme.’’

He said that all hands must be on deck to support the industry in stamping out energy theft through meter tampering and free riders.

Fadeyibi said the EKEDC would continue to strive to render better services to customers under its operational network and solicited for their support in actualising the objective.

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