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REA Signs MoU With Oando Clean Energy to Boost Nigeria’s Renewable Sector

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Nigeria’s Rural Electrification Agency, REA, has penned a Memorandum of Understanding with Oando Clean Energy Limited (OCEL) to deploy sustainable renewable energy systems across Nigeria. The Managing Director of the agency, Mr. Ahmad Salihijo-Ahmad revealed this in Abuja, the nation’s capital, and said the signing of the MOU would boost collaboration between the private sector and the government. Mr Salihijo-Ahmad explained that one of the best ways to mitigate the effects of subsidy removal in Nigeria is through the exploitation of opportunities to optimise the critical role of renewable energy. He expressed his delight over the REA – Oando partnership, saying that  “it will bring about mutually beneficial collaboration, knowledge exchange and experiences all targeted at achieving the common goal of optimising renewable energy in the country.” On his part, the Executive Director, Technical Services at the REA, Mr Barka Sajou while explaining the Agency’s shift in paradigm on the deli

Nigerian manufacturers Spent N76 billion on Self-generated Electricity in 6 months, MAN says.

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The Manufacturers Association of Nigeria (MAN) is pressing for improved electricity supply to the manufacturing sector to reduce its burden in sourcing alternative power to remain in business. The association reported that expenditure on alternative energy source increased to N76.7 billion in the second half of 2022 from N45.04 billion recorded in the corresponding half of 2021; thus, indicating N31.66 billion or 70 per cent increase over the period. The inadequate electricity supply remains a huge challenge to manufacturers, accounting for their huge investment in self-energy generation, which stood at N76.7 billion in the second half of last year. Manufacturers’ cost of self-energy generation increased from N45.04 billion in the corresponding half of 2021, indicating N31.66 billion or 70 per cent increase over the period. According to MAN ‘Bi-annual Economic Review’ for the second half of 2022, it also increased by N8.9 billion or 13 per cent when compared with N67.8 billion recorded

Why Russia is Keen on Reviving the TAPI Gas Pipeline

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Turkmenistan and Pakistan continue their talks on the revival of the Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline, and a bilateral meeting on the issue in Islamabad will be announced soon—possibly in late June 2023. For its part, Ashgabat is keen on moving ahead with the project, while energy-deficient Pakistan is willing to go ahead with or without India. And Kabul has said it is ready to raise a special force to provide security for the project ( Business Recorder , May 13). Some sources have stated that the potential transit revenues could make up as much as 80 or 85 percent of Afghanistan’s central budget, providing added incentives for securing the area around the prospective pipeline. Overall, the TAPI pipeline is planned to stretch for over 1,100 miles with the capacity to transport 33 billion cubic meters (bcm) of natural gas each year from the Galkynysh Gas Field in Turkmenistan to the Indian city of Fazilka via Afghanistan and Pakistan ( Business Turkmenistan , Aug

“Let the Market Decide”, ExxonMobil’s Response to European Energy Policies

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Europe's climate and energy policies are very prescriptive and geared toward picking energy transition winners and losers instead of letting the market decide which solutions reduce emissions at the lowest cost for society, ExoxnMobil's chief executive Darren Woods says.  The Inflation Reduction Act (IRA) in the United States, on the other hand, sets emissions standards and lets the market work to deliver on the objective of reducing emissions and lowering emissions intensity, Woods said this week on the  podcast  of Nicolai Tangen, the chief executive of Norway's sovereign wealth fund, the world's largest.  Europe's 'Stick' Approach  While the IRA doesn't pick winners and losers, Europe is "very prescriptive in trying to micromanage the solutions," Exxon's Woods said. "I think it's a huge mistake to be picking winners and losers and focusing on specific technologies," he added.  "Instead we should be looking more broadly

Petroleum Marketers May Shut down Stations as cost of Lifting products skyrocket

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  Many depot owners may soon shut down their facilities due to the inability to meet the new financial requirement of about N10bn by the Nigerian National Petroleum Company Limited as the cost of lifting fuel from its ships,  The PUNCH  has learnt. The PUNCH  on Wednesday noticed that many filling stations in Lagos State were not selling products to the public. Sources at the depots told  The PUNCH  that depot owners were struggling to raise between N5b-N10bn to make new orders from the NNPCL. “NNPCL has enough stock in-country and we still buy from them pending when arrangements would be made for us to start ordering our products ourselves. Now, we have to raise about N10bn, some N5bn depending on the volume of the order to be able to access new products,” the sources said. He added that the amount was in addition to the payment already made before the increase in the price of petrol. The National Controller, Operations of the Independent Petroleum Marketers Association of Nigeria, Mi

The Global Goals Are Still Far From Being Achieved

This year 2023 is the midpoint between 2016 and 2030, within which the Sustainable Development Goals (SDGs) are supposed to be accomplished.  The 17 SDG commitments are accompanied by a huge number of targets—169, to be exact—and from the look of things, we must admit the world is falling short on nearly all of them.  Here’s the problem:  Many countries and heads of government are unable to meet their promises because of a lack of funds.  Every government of the world makes roughly $10–$15 trillion each year from tax collection, and this is a far cry from the $19 trillion or so needed to meet annual targets, per the FFGI report.  Here's the solution: To stand a fair chance of achieving the SDGs by 2030, governments must do all they can possibly do right now, while donors must double their financial commitments. We are in this together. Let's gear up for more action. Happy Wednesday Victor Bassey 07.06.2023

What is True Greatness?

In your understanding, what is true greatness?  Mind you, true greatness is not as the world sees it or defines it but as Jesus; the greatest Teacher who has ever lived sees it. We should always see things from the angle of Master Jesus. Jesus revealed that worldly standards are often upside down. The world thinks that a great person is someone who has power and authority over others or someone rich and famous One day, a dispute arose among Jesus’ disciples as to which one of them was the greatest. Jesus said to them, “You know that the rulers of the Gentiles lord it over them, and their high officials exercise authority over them. Not so with you. Instead, whoever wants to become great among you must be your servant, and whoever wants to be first must be your slave” (Matthew 20:25-27). Jesus points to us that true greatness doesn't consist of power, military might, or autocratic authority, but of humble service.  To illustrate this truth, Jesus washed his apostles’ feet.  He said,

The Mistakes I Made in my Thrift Wears Business

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A short sleeveless gown. Zeesbudget_store I grew up with an elder sister who was incredibly passionate about fashion. She had a remarkable talent for transforming discarded fabrics into stylish pieces that could be worth a fortune. That girl is good!   By the time she turned 17, my mom had somehow given up on buying her new clothes because she would either complain about the fit or find them unstylish. Being her younger sibling, I naturally followed in her footsteps. By the time I was old enough to begin going out, we both would often visit a popular secondhand market called Udua Fiong Etok in Eket to find unique pieces that suited our style, making many of our peers in the neighbourhood admire our outfits and ask where we got them from. But due to the common belief that thrift clothing was unsanitary, my sister and I would often lie about the origin of our clothes and move on.   Initially, I didn’t embrace the idea of thrift shopping. Not because I thought it unsanitary, but because I

Let's Beat Plastic Pollution

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Hello, Bavijas Reader Today, June 5, doesn't only represent the birthday of one of my beloved aunts—Mrs Mayen Oboho –but is also celebrated globally as World Environment Day (WED). This year's anniversary marks the 50th commemoration since the year 1973 when it was first celebrated. Cote d'Ivoire and the Netherlands are the host countries of this year's event. And the year's theme is # BeatPlasticPollution. The proliferation of plastics is a serious global concern, especially single-use plastics. 50% of the 400 million tons of plastics produced annually are single-use plastics. Only about 10 or so per cent of it is being recycled while the rest ends up in the environment. A report shows that 19-23 million tons of these plastics end up in lakes, rivers, and seas. If you've ever been to a beach or a fishing settlement then, you know I'm not exaggerating.  Having a lot of plastics around without an effective recycling system constitutes an environmental nuisanc

Read Books While You Can Still See

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A pile of environmental books at a private library. IngimarE. 2023. Wikimedia Learning is a continuum. It continues until the day one dies. The more one learns the more experience one has. That's why I think we should keep reading maybe until our eyes grow dim, but don't let the bright screen blind your sight. That's if you're fond of reading from your phone or other gadgets.  Although the Internet and the ensuing digital age and screen technology have made reading and research faster and easier than one could’ve imagined 25 years ago, there are still some things you don’t find on the internet today. A lot of important historical information isn't on the Internet and if there were, you find it obscure thanks to Wikipedia for working to correct this.  Such information would have to be researched the old-fashioned way. In print. That's why it's important for the younger generation to make conscious efforts to grab every available opportunity to utilise and app

Internet of Energy is the Way Out of Power Failure and Wastage

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As the global energy demand keeps skydiving with an uptick in the human population, there is an urgent need to efficiently use the energy resources we currently have while also working to close the huge existential supply gap. One way to achieve that is through optimisation of energy use; a task that the Internet of Energy is set out to do. IoE is the implementation of Internet of Things technology into distributed energy systems to optimise the efficiency of energy infrastructure and reduce wastage. IoE helps link power from the point of generation, distribution, and consumption to ultimately optimise its use and drastically lower costs. It uses the technology of IoT to wire and manage data and operations throughout multiple points within a power grid structure. For instance, digital power monitoring and demand-side energy management tools say, a network of smart meters, sensors, actuators, computers, and a home area network interconnected to optimise energy, increase supply reliabili