GCEO, NNPC Limited, Mr. Mele Kyari speaks at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability” in Lagos on Monday.

The Group CEO of NNPC Limited, Mele Kyari has reiterated the company’s commitment to resolving Nigeria’s energy trilemma, by ensuring energy security, sustainable growth and energy affordability.

Kyari disclosed this at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability” in Lagos, on Monday.

The GCEO, who was Special Guest of Honour at the occasion, also said the company has perfected plans to deliver 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants soon, as part of efforts to boost the existing 1.6bscf of gas supply for domestic market.

“The energy trilemma is a profound responsibility we shoulder as stewards of Nigeria’s energy future. NNPC Limited is working tirelessly to improve our supply chain, develop new refining capacities and expand our retail network,” Kyari stated.

According to him, NNPC Limited is set to collaborate with private refineries to ensure affordable and sustainable petroleum products supply; Naira-for-crude transactions in order to stabilise the local currency and regulate forex markets.

This, he added, will bring about expansion of gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the Obiafu-Obrikom-Oben (OB3) Gas Pipelines projects and the development of cleaner energy options, such as Liquiefied Natural Gas (LNG) and Compressed Natural Gas (CNG).

“Currently, NNPC Ltd supplies over 1.6 billion standard cubic feet (bscf) of gas per day to the domestic market through infrastructure we either own outright or operate with partners. This distribution network is entirely managed on NNPC’s balance sheet,” Kyari added.

Explaining that the Company is expanding its efforts to enhance domestic energy access, the NNPC helmsman said the next 3-6 months will see significant project launches, including CNG mother stations, mini-LNG plants, and additional CNG daughter stations.

Kyari, who commended President Tinubu’s efforts to relieve forex pressures by reducing fuel imports and strengthening Nigeria’s local refining capacity,  emphasised the need for collaboration, innovation, and technology in achieving Nigeria’s energy goals.

“Resolving the energy trilemma requires bold ideas, shared knowledge, and collective determination. Together, let us build a Nigeria where energy is secure, sustainable, and affordable for all.”

On NNPC’s mandate to guarantee energy security as stipulated by the Petroleum Industry Act, Kyari said the Company has fostered partnerships and investments aimed at enhancing local production and generating revenue for economic diversification.

Reacting to claims that NNPC is sabotaging the efforts of domestic refineries, Kyari said the NNPC Limited is part-owners of the Dangote Refinery, stressed further that such investment is a strategic move aimed at strengthening domestic fuel supply.

NLNG’s representative, Titi Horsfall (2nd left) receives the FIRS’ most compliant taxpayer award conferred on NLNG from Dr. Lovette Ononuga and Mr. Olurotimi I. Akingbade, Director, Lagos Mainland East, State Co-ordinator in Lagos. With them are representatives from NLNG and FIRS.

NLNG has received the prestigious award of Most Compliant Taxpayer by the Federal Inland Revenue Service (FIRS) at the 2024 FIRS Day, which took place during the Lagos International Trade Fair.

This recognition is part of the FIRS Compliant Taxpayer Award and Recognition Programme, designed to acknowledge companies that consistently meet their tax obligations, contributing to the development of Nigeria’s economy.

This award marks a significant achievement for NLNG, following the Company’s receipt of the FIRS Most Supportive Taxpayer Award in 2021. The 2021 recognition was conveyed by FIRS, commending the top-performing taxpayers for their compliance, which helped the service surpass its tax collection target.

In a statement, the FIRS commended NLNG for its consistent and exemplary adherence to tax laws, emphasising the Company’s contributions to national development. The service highlighted NLNG’s unwavering commitment to fulfilling its tax responsibilities, recognising the Company’s exceptional compliance with tax regulations and its role in the broader economic growth of the country.

The award was received by Titi Horsfall, Head of Editorial and Digital Content, on behalf of the Company.

Speaking on the announcement, NLNG’s Managing Director and Chief Executive Officer, Dr. Philip Mshelbila, noted that the recognition coincides with a milestone for NLNG, marking its 35th anniversary of incorporation and the 25th anniversary of successful LNG production in Nigeria. He reaffirmed that this award is a testament to NLNG’s long-standing commitment to supporting Nigeria’s development, particularly in the energy sector.

“We are honoured to receive this prestigious recognition from the Federal Inland Revenue Service. It reflects the dedication of our Board, management, and staff, who work tirelessly to ensure that NLNG remains a responsible corporate entity. This award also reinforces our ongoing commitment to contributing to the sustainable development of Nigeria’s economy.”

He further emphasised that NLNG’s commitment to compliance is integral to the Company’s mission to be a global leader in energy, driving not only Nigeria’s energy sector forward but also contributing to the improvement of lives through responsible business practices.

Nigeria’s foremost indigenous Renewable Energy Company, decorated by industry partners as the most Outstanding Energy Provider, Cloud Energy Solar, living true to its appellations, is focusing its renewable energy competencies beyond the home and office.

Cloud Energy has increased its impact in street lighting with the design and production of the 200 Watts Street lighting bulb. The 200 Watts bulb consolidates the reputation of brightness and long lasting for the Cloud Energy range of energy saving bulbs, in the homes and offices.

Spurred by the abundance of the sun, the Cloud Energy Solar Company seems challenged to never let the sun set.

The Managing Director of Cloud Energy, Mr. Theophilus Nweke, launching the 200 Watts bulb observed that the times are dangerous in terms of security. Therefore, the brilliance of the street lighting will eliminate all lurking shadows from the streets and security posts.

It is an answer to a call to duty for all patriots to deploy their competencies to enhance national security. The renewable energy boss said that citizens must be prepared to make sacrifice to give Nigeria its deserved place as the giant of Africa. These sacrifices can come from the kind of opportunities that OEMs give to Nigerians.

For example, Cloud Energy, a leading solar practitioner is currently offering rooftop solar panels with a flexible payment plan up to two years or more. Property owners can now design their buildings with solar panels on the roof and keep paying long after they have completed and moved into the houses.

This flexible payment consideration, the Cloud Energy Boss explains, extends to the entire range of Cloud Energy Solar products – Energy storage products, Inverters, Batteries; Lifestyle products, Fridges, Freezers, Fans Television sets, and solar accessories.

These offers are conveyed in a campaign entitled Bridge the Energy Gap, a clear departure from the traditional way of presenting offers in the market. The bridge has been used as a symbol to convey a sense of professional support, assistance, and partnership.

The bridge beyond meaning a make-up for a shortfall also provides a thorough fare to the energy transition, without bottlenecks. It deletes all doubts and gives a sense of certainty for a transition.to Solar. The bridge is the fact that Cloud Energy in partnership with its finance partners offers different kinds of payment plan to ensure a done deal, in electricity, without tears.

Cloud Energy, founded in 2015 has earned respect by installing Solar and Inverter systems for discerning clients, mainly academic, research institutions and multi-nationals across the nation. In less than a decade Cloud Energy has foot prints in the Banking and Finance sector with ATM installations; Homes and Public buildings with Solar Systems; and is a viable partner to governments through the Rural Electrification Project.

A multi-million-dollar pipe threading and valve assembly facility built by Bell Oil & Gas was commissioned on Tuesday at Lekki Free Zone, Lagos State by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe and the Governor of Lagos State, Mr. Babajide Sanwo-Olu.

Speaking at the event, the Executive Secretary hailed Bell Oil & Gas for its foresight and commitment to enhancing Nigeria’s oil and gas sector, noting that the company had invested in a key infrastructure that will meet a growing demand in the industry.

He stated that Bell Oil & Gas’ areas of operations, which include piping and threading as well as valves manufacturing are critical components in the oil and gas industry. He added that “the need for quality piping and threading services cannot be overstated.”

He assured that “with major projects such as the Dangote Refinery, the Total energies Ubeta gas project, AKK Gas Pipeline, and the Nigeria-Morocco Gas Pipeline, the demand for these services continues to grow. Bell Oil & Gas is positioning itself well to meet this demand, reducing our dependence on imported materials and services and ensuring that we retain the economic benefits within our borders.”

The Executive Secretary also lauded Bell Oil & Gas for honoring its commitment to the Nigerian Content Equipment Certificate (NCEC) issued by NCDMB a few years ago.

The certificate is issued to original equipment manufacturers that commit to and or set up a factory for manufacturing or assembling of components utilized in the Nigerian oil and gas industry. Such companies get priority considerations during the contracting process in the sector.

In his welcome address, the Chief Executive Officer, Bell Oil & Gas, Dr. Kayode Thomas described the facility “is yet another evidence that the Nigerian Oil and Gas Industry Content Development Act of 2010 is working,” thanking the Board for driving local companies towards real capacity building.

He recalled that the firm recorded its first major success in the deepwater space when it won the contract for the installation of Composite Pipes on the Bonga FPSO with Shell in 2004.

The company, he noted, won contracts and delivered major line pipe and OCTG contracts with several key players in the industry including Shell, Chevron, ExxonMobil, Total, Agip, Addax, Afren and Seplat, between 2005 and 2010.

Providing details of the investment, Thomas stated that the facility was started during the COVID-19 pandemic and the operations are currently being handled by Nigerians, despite being the first of its kind in Lagos State.

He added that the plant will provide “50,000 tons of capacity for OCTG threading, machining, repairs and the production of pup joints, cross overs and other accessories for drilling operations.”

On how the company secured funding, Thomas revealed that the project was developed without support from any local bank. He lamented the reluctance of commercial banks to support the investment. He beckoned on banks to support such oil and gas projects, without which it will be difficult to grow at the required pace.

Dwelling further on funding, the CEO pleaded with NCDMB to review the structure of the Nigerian Content Intervention Fund (NCIF) and make it more accessible to local companies.

The Governor of Lagos State, Mr. Babajide Sanwo-Olu was represented by the Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs. Folashade Ambrose-Medebem. He commended Bell Oil & Gas for investing in the Lekki Free Trade Zone and creating employment opportunities in the state. He said the vision for establishing the free zone was being realised through investments like Bell Oil & Gas.

He promised that the state government will continue to provide critical infrastructure that would it easy for investors to set up their projects and flourish in the free zone.