News
Tinubu promises to support completion of Africa’s largest gas project worth N3.88trn ($5bn)
President Bola Ahmed Tinubu has said the Federal Government will support the implementation of a $5 billion Liquefied Natural Gas Limited by UTM and its foreign partners to actualise their gas project timely.
In a statement by Dele Alake, the Special Adviser to the President on Special Duties, Communication, and Strategy, Tinubu spoke on Wednesday at the State House, Abuja, during an audience with the management of the company and its foreign partners.
Tinubu pledged to remove all impediments to the timely completion of the facility.
He said:
“It is a must for any government to support. Let me know if there are any bottlenecks, we will break them.”
Tinubu commended UTM FLNG Limited as well as its technical partners, Technip Energies of France, and its Japanese counterpart, JGC, for the initiative and partnership.
“Yes, we have abundance of gas on the ground. However, the extractive industry needs the injection of your kind of partnership to be able to promote growth.”
The president applauded the conglomerate for the massive investment which, he said, would promote growth and protection of the environment.
Briefing the president earlier, the Managing Director and Chief Executive Officer of UTM Offshore Limited, Mr. Julius Rone, said the project aligns with Tinubu’s promise to develop Nigerian gas resources as a source of sustainable energy and economic development for the country.
He said when the facility gets upstream by the Fourth Quarter of 2026, it would process 1.5 million meterric tonnes of Liquefied Natural Gas for foreign market, and produce 300,000 metric tonnes of Liquefied Petroleum Gas (LPG) for domestic use.
Rone said the company would cater for 25 percent of domestic demand for LPG.
He, therefore, solicited for Tinubu’s support to eliminate any encumbrances that may endanger the delivery of the project by the targeted date.
In her remarks, the French Ambassador to Nigeria, Emmanuelle Blatmann, described the project as a milestone, cementing the French presence in Nigeria’s economic space.
The facility, she said, would advance the economic diversification agenda of the federal government by tapping into the country’s abundant gas deposit.
When delivered, she said, the gas from Nigeria would be viable as an alternative source of gas for Europe.
Speaking with newsmen after meeting with the President, CEO of UTM Offshore Limited, Rone disclosed that the multi-floating LNGs are being implemented with a $5 billion loan from AFRIEXIM Bank.
According to him, Tinubu assured them that his administration would provide full support for the project because it fits into his programme to revive the economy and provide more jobs.
Rone revealed that the project has the capacity to produce 300,000 tons of Liquefied Petroleum Gas (LPG) per year and would provide 7,000 direct jobs for Nigerians.
He said it was the first time in Nigeria that an indigenous company would be involved in such project that would contribute to decarbonisation.
Rone added that the floating LNG project which was the first in Nigeria was expected to come on stream in the first quarter of 2026.
He also talked about the president’s assurance towards delivering the project as scheduled.
His words:
“Mr. President said there is no obstacle to deliver this project. That we will have this project delivered is a must, is not if we want to do it, that we should take it and go back that this project will be delivered and any obstacle we envisage on the way we should not waste time to get back to him through the Chief of Staff and the other officials working directly with him.
“So for us that is an assurance to continue to invest our money that is quite assuring for the investors that came all the way from Japan and Paris to visit Mr. President because they believe in this project.
So by the special grace of God, Nigeria, we will have our first floating LNG fourth quarter in 2026″.
Education
1ST NIGERIAN TERTIARY INSTITUTIONS CONFERENCE ON UN SUSTAINABLE DEVELOPMENT GOALS (SDGS) ESSAY COMPETITION
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The SDG Youth Essay Competition offers a grand prize of N1 million for the top three winners, along with free sponsorship to attend the 1st Nigeria Tertiary Institution Conference on Sustainable Development Goals (SDGs) in April 2024 in Abuja.
Competition Requirements:
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– Open exclusively to undergraduates in Nigerian tertiary institutions.
2. Entry Guidelines:
– Topic:The Role of Students in Attainment of SDG4
– length: Essays should be 1500 words.
– Entry Period: Thursday, February 1, 2024 – Thursday, February 29, 2024
– Referencing: APA Style (6th Edition).
– Font: Times New Roman, 12-point font size.
– Documentation: Typed in 1.5 line spacing, MS Word format only.
– Plagiarism: Only original content is accepted; plagiarized entries will be disqualified.
Benefits:
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Required Documents:
– Student’s Institution ID Card
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– One recent passport-size photograph
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– Email: nigeriaessay@sdgyouth.org
Deadline: February 29th, 2024
Don’t miss this opportunity to contribute to achieving SDG4 and win exciting prizes. Submit your entry and required documents before the deadline. For any inquiries, feel free to contact them via phone or email.
Competition Overview:
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Competition Requirements:
1. Eligibility:
– The competition is open to 400-level and 500-level undergraduate law students in Nigerian universities.
2. Essay Requirements:
– Length: Essays should not exceed 1500 words.
– Format: Double spaced, 12pt Times New Roman font.
– References: OSCOLA format for citations with 10pt font size for footnotes and endnotes.
– Submission Format: Essays must be submitted in PDF format.
– Entrant Details: Include full names, school, level, phone number, and email address in both the body of the email and on the last page of the essay.
– Single Entry: Each entrant is allowed only one submission.
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The theme for the 2024 competition is “Protecting the Nigerian Child from the Dangers of Online Technology.” Participants are tasked with exploring strategies to safeguard children in an increasingly digital world.
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– Open to primary and secondary school students in Nigeria aged 9 to 16.
– Junior category (ages 9 to 12) essays must not exceed 1,000 words.
– Senior category (ages 13 to 16) essays must not exceed 1,500 words.
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– Deadline for submissions is April 12, 2024.
Submission Guidelines:
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– Double entries will result in automatic disqualification.
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Notification of Winners:
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The SystemSpecs Children’s Day Essay Competition offers a unique opportunity for Nigerian students to demonstrate their creativity and problem-solving skills. By addressing the theme of online child protection, participants contribute to building a safer and more secure digital environment for all. We encourage eligible students to seize this opportunity and showcase their talent and ingenuity.
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