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Jul252024 by Rareview1 Comment

MINISTER OPENS SUMMIT ON RENEWABLE ENERGY GROWTH

Energy

The Minister of Power, Chief Adebayo Adelabu, has launched a two-day summit in Abuja to accelerate the scale-up of renewable and distributed energy resources in Nigeria. At the opening ceremony, Chief Adelabu praised the Nigerian Electricity Regulatory Commission (NERC) for organizing the timely summit with key stakeholders, highlighting the need for urgent discussion on the issue. “In a special way, I want to commend the regulator (NERC) – the Chairman and his Commissioners for putting up this summit. This summit is an important step and in full alignment with President Bola Ahmed Tinubu's Presidential Priorities highlighted in the Renewed Hope Agenda to develop a sustainable energy sector for the country,” said Adelabu. “It is expected that intellectual discourse, such as ...

Jul252024 by RareviewNo Comments

NCDMB, UBEC EXPLORE OPPORTUNITIES FOR CAPACITY BUILDING, SUPPORT FOR BASIC EDUCATION

Energy

Middle: Engr. Felix Ogbe, Secretary NCDMB By PR The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) have agreed to collaborate towards upgrading basic education in the country and building capacities of young Nigerians towards meeting the needs of the ever-changing oil and gas industry and the linkages sectors. The partnership opportunities were explored on Tuesday when the Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe hosted his counterpart from UBEC, Dr Hamid Bobboyi at the Board’s Abuja liaison office. The leaders agreed to set up a joint committee that would finalize details of their agencies’ collaboration, wi...

Jul252024 by RareviewNo Comments

OTEDOLA CANVASSES SUPPORT FOR DANGOTE: ‘LET’S BACK NIGERIA’S INDUSTRIAL ICON

Uncategorized

By Ali Elias As a critical factor towards Nigeria’s industrialization and economic independence, it's imperative that we recognize and celebrate the visionary leaders who are paving the way. Aliko Dangote, a titan of industry and a true Nigerian icon, has been at the forefront of this transformation, building world-class facilities, creating jobs, and driving innovation. With his unparalleled commitment to Nigeria's growth, Dangote embodies the spirit of visionary leadership that has propelled nations like the United States, India, and China to greatness. Femi Otedola, a leading Nigerian entrepreneur, weighs in on the importance of backing Dangote Industries, as the conglomerate faces unwarranted criticism from some government quarters, and argues that supporting homegrown industrial...

Jul252024 by Rareview1 Comment

NCDMB HOLDS RETREAT WITH SENATE COMMITTEE ON LOCAL CONTENT, SEEKS CLOSE COLLABORATION

Energy

By PR The Nigerian Content Development and Monitoring Board (NCDMB) and the Senate Committee on Local Content on Sunday began a 3-day retreat at Abuja, aimed at forging closer collaboration between the two entities, to achieve improved implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. The retreat’s theme is creating synergy for sustainable local content development and was attended by members of the committee and some senior management of the NCDMB. Speaking at the opening ceremony on Monday, the Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe underscored the importance of collaboration with relevant stakeholders in managing and growing Nigerian Content in the oil and gas industry. He stated that the retreat is a key platform for actu...

Jul252024 by RareviewNo Comments

DANGOTE REFINERY, A JEWEL OF INDUSTRIALISATION IN NIGERIA: WE MUST NOT UNDERMINE IT -AKINWUNMI ADESINA, AFDB PRESIDENT

Energy

Photo credit: KemKem on X By Ali Elias This whole issue on Dangote is shocking and creating bad waves for Nigeria globally Monopoly often exists where there are high barriers to entry or high capital costs. How many individuals or companies can do railways? How many can do refineries of the scale of Dangote Refineries? In a nation that has been importing refined petroleum products for several decades; the abnormal simply became very normal. No smart investor would make a $19.5 billion investment and want it to be undermined by importers. To manufacture is extremely expensive and risky. This is even more so in Nigeria, given the very challenging business and economic environment, fraught with policy uncertainties and policy reversals, and where the self-defeating defaul...

Jul252024 by RareviewNo Comments

INTEGRATE LOCAL CONTENT PROCESSES IN MINING OPERATIONS” NCDMB BOSS CHARGES AFRICA’S EXTRACTIVE INDUSTRY MANAGERS

Energy

By PR The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has charged managers of Africa’s extractive industry to adopt some of the local content initiatives that have worked well in the oil and gas industry as they seek to develop the mineral and mines sector to deliver optimal value for their economies. Particularly, he charged them to integrate local capabilities and resources into the delivery of opportunities and projects in a safe and environmentally responsible manner to achieve a high level of economic success, unfettered freedom to operate, improved health standards, and longer life expectancy. He was equally emphatic on the need to develop standards and legislation on acceptable and best practices for local conte...

Jul232024 by RareviewNo Comments

DANGOTE REFINERY, OTHERS, ARE OF LOWER QUALITY COMPARED TO IMPORTED ONES -NMDPRA

Uncategorized

By Ali Elias The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that petroleum products from the Dangote refinery, Watersmith, Aradel, and other modular refineries are of lower quality compared to imported ones. NMDPRA CEO Farouk Ahmed revealed this in a recent interview with TVC, dismissing claims that elements within the oil and gas sector are attempting to undermine the Dangote Refinery. Ahmed clarified that the 650,000 barrel-per-day Dangote Refinery has not received an operational license from NMDPRA and is still in the pre-commissioning stage, with about 45 percent completed. He emphasized that Nigeria cannot afford to depend solely on the Dangote Refinery by halting imports of petroleum products, particularly Automotive Gas Oil and Dual Pu...

Jul222024 by RareviewNo Comments

FIRS VS NLNG: NLNG REFUTES REPORTS OF TRIBUNAL-ORDERED TAX PAYMENT, CLARIFIES SETTLEMENT AGREEMENT WITH FIRS”

News

By Ali Elias NIGERIA LNG Limited (NLNG) has decisively refuted media reports claiming that a Tax Appeal Tribunal ordered it to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised Company Income Tax (CIT) settlement for 2016. According to NLNG, “these reports misrepresent an out-of-court settlement that was reached amicably between the parties, without prejudice to their respective legal positions, which the Tribunal merely adopted as Consent Judgment in the appeal.” According to Andy Odeh, general manager, External Relations and Sustainable Development on Thursday, July 18, said: “The payment by NLNG was thus made in furtherance of a settlement agreement reached between the parties and not because of any order made by the Tribunal. “NLNG rema...

Jul222024 by RareviewNo Comments

WORLD HEALTH ORGANISATION TEASER AND POSER

Health

By Ali Elias In 1922, writes World Health Organisation (WHO), on Its X Page, insulin co-discoverer Frederick Banting refused to profit from the discovery & offered it to the world as a global public good. Today, many people with #diabetes still don't have access to affordable and quality treatment and care. In Reaction, , Raffaele Di Giacomo, PhD, says the story of Frederick Banting's generosity is indeed remarkable and highlights a stark contrast to today's challenges in accessing affordable diabetes treatment. It's concerning that nearly a century later, many still struggle to obtain essential care for managing their condition. This calls for a deeper examination of healthcare policies and pharmaceutical practices globally. What strategies could potentially improve access...

Jul222024 by RareviewNo Comments

INTERVIEW: TINUBU GOVT, NIGERIANS SHOULD BE CAUTIOUS OF DANGOTE REFINERY – PETROAN PRESIDENT, GILLIS-HARRY

Energy

Photo: Daily Post President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry in this exclusive interview with DAILY POST correspondent, Ariemu Ogaga explains that Nigerians should tread with caution over Dangote Refinery and its fuel price regime in the coming months to avoid cannibalization of small businesses in the oil & gas sector. He also lays bare issues affecting the sector vis-a-vis the Nigerian economy. Excerpts! Aliko Dangote projected that by mid-July (Now August), his refinery will come on board. What would that be for stakeholders and Nigerians? Well, we want Dangote refinery to start producing on all four valves. All valves should be open and wide. However, there’s a need to be cautious about the development of the b...