FG adopts gas as strategy towards climate-change-net-zero-emission ― Sylva – Newstrends
Connect with us

News

FG adopts gas as strategy towards climate-change-net-zero-emission ― Sylva

Published

on

The Minister of State for Petroleum Resources, Timipre Sylva, Tuesday, disclosed that the Federal Government has adopted gas as a strategy to meeting the nation’s climate-change-net-zero-emission target.

 

Speaking at the Annual International Conference & Exhibition of the Society of Petroleum Engineers in Lagos with the theme: “The Future of Energy – A Trilogy of Determinants: Climate Change, Public Health, and the Global Oil Market”, he expressed the government’s concern about joining the rest of the world to transit from oil to cleaner fuels.

 

Specifically, he said: “Let me state categorically that our approach towards the climate-change-net-zero-emission debate is to optimize the use of our abundant gas resource domestically as a transition fuel option towards meeting our Nationally Determined Contributions to climate change.

 

“As a Government, we are determined to encourage more penetration of natural gas and its derivatives for domestic utilisation, power generation, gas-based industries, and propulsion in all aspects of the national economy. This would in a fundamental manner address the great challenge posed by volatile oil market, the environmental issues and public health concerns.”

 

The Minister of State, who reflected on current issues in the global oil market, said: “Regarding the global oil market in the foreseeable years, it is becoming obvious that a global migration from a fossil fuel-based economy to renewable would engender a corresponding decline in hydrocarbon including possible divestiture in the sector as deliberate frameworks are being championed to discourage the extraction of carbon-laden resources. The COVID-19 Pandemic has further exacerbated the investment decline.

 

“The Government of Nigeria in collaboration with global partners are exploring policies, technologies, and investments to address the current global challenge that will support migration from our reliance on carbon dependent fuels to meeting our commitment to the Paris Agreement.”

 

He, however, added: “It is our belief that the distinguished Society of Petroleum Engineers (SPE) will be at the forefront of our quest to achieve the desired balance of a clean environment, safe public health, and a renewed global oil market. This SPE Annual International Conference and Exhibition will be an appropriate platform to bring to the front-burner the critical discussions that would forge a robust and implementable clean energy solutions pathway for Nigeria.”

News

NCC extends NIN-SIM linkage deadline

Published

on

NCC extends NIN-SIM linkage deadline

The Nigerian Communications Commission (NCC) has extended the deadline for the the second phase of SIM-NIN linkage.

Recall that the process to disconnect SIMs not linked to NIN was initiated in stages, with the second phase slated for today, March 29.

The first phase was on February 28, 2024, after NCC directed telecom operators to disconnect millions of subscribers who didn’t link their SIMs to their NINs.

The third phase is slated to commence on April 15, 2024, as previously announced by NCC in December, 2023.

However, the National Association of Telecommunications Subscribers (NATCOMS) said subscriber have been having difficulty linking their SIMs with their NINs, hence it would be unfair to bar them.

READ ALSO:

NATCOMS’ President, Chief Deolu Ogunbanjo, therefore, appealed to the NCC extend the deadline scheduled for the disconnection of telephone lines not linked to NIN beyond Friday, March 29, 2024.

Meanwhile, a senior official of NCC said the commission had changed the second phase deadline.

He disclosed that the change, which will now see the deadline extended by one week, was necessitated by the Easter public holiday.

The official, who spoke in confidence with Daily Trust, said the telcos had been directed not to bar any subscriber until after one week, from Friday, March 29.

He explained that, “The telecom operators will not bar any subscriber yet. We will only be talking about barring after a week from tomorrow. Yes, technically, we can say the deadline has been extended by a week.”

Another NCC top staff member who corroborated what the first official told our reporter added that NCC yielded to appeals by some CSOs and telecom right groups calling for deadline extension because of internet glitches experienced in the country two weeks ago

NCC extends NIN-SIM linkage deadline

Continue Reading

News

30,000 students benefit from Ogun Educash transfer

Published

on

Gov. Dapo Abiodun

30,000 students benefit from Ogun Educash transfer

Ogun State said has said 20,000 of its students in tertiary institutions have benefited from Educash transfer of N50,000 to cushion the economic crisis.

Also, it said 10,000 indigent pupils in primary and secondary schools in the state got N10,000 cash transfer.

Commissioner for Education, Science and Technology, Prof. Abayomi Arigbabu, spoke after monitoring the cash transfer to primary and secondary schools at Ogun West Senatorial District.

Arigbabu noted more would benefit from the scheme.

He said everyone captured would be paid.

“I can tell you that for the tertiary institutions, we have done 20,000 as at today, and the total for tertiary institution beneficiaries is a little bit less than 50,000. Hopefully, by end of next week, we will reach half of that, which is about 25,000 beneficiaries.

READ ALSO:

“I want to assure those who have not received theirs, for instance, Olabisi Onabanjo University (OOU), a list of a little bit over 12,000 was sent to us. As we speak, we have paid just a little less than 6,000. The same thing at Tai Solarin University of Education (TASUED), where we have a little bit less than 8,000. We have tried to make sure we are targeting between 45 to 50 per cent,” he said.

Continue Reading

News

Binance Executive drags NSA, EFCC to court, demands public apology

Published

on

Binance Executive drags NSA, EFCC to court, demands public apology

Binance executive Tigran Gambaryan has taken legal action against National Security Adviser Nuhu Ribadu and the Economic Financial Crimes Commission (EFCC), alleging violations of his fundamental rights.

In a filing dated March 18 and presented by his lawyer Olujoke Aliyu from Aluko and Oyebode Law Firm, Gambaryan sought redress before Justice Inyang Ekwo, requesting five reliefs.

Similarly, Nadeem Anjarwalla, Binance’s Africa regional manager who escaped custody on March 22, initiated a separate suit before Justice Ekwo.

The News Agency of Nigeria (NAN) reports that Gambaryan and Anjarwalla, in the suits marked: FHC/ABJ/CS/356/24 and FHC/ABJ/CS/355/24, had sued the Office of NSA (ONSA) and EFCC as 1st and 2nd respondents.

Gambaryan, a US citizen overseeing financial crime compliance at the crypto exchange platform, alleged that his detention and the confiscation of his international travel passport violated Section 35 (1) and (4) of the 1999 Constitution, constituting a breach of his fundamental right to personal liberty.

He further requested the court to order his immediate release and the return of his passport. Additionally, he sought an injunction preventing further detention related to any Binance investigations and demanded a public apology from the respondents, along with costs incurred.

READ ALSO:

Gambaryan stated that he visited Nigeria on February 26 alongside Nadeem Anjarwalla, representing Binance, in response to invitations from ONSA and EFCC. Despite attending the meeting as requested, both were detained afterward without formal charges.

During the court proceedings, T.J. Krukrubo, SAN, representing Anjarwalla and Gambaryan, informed the court of the respondents’ absence despite being served. Krukrubo also mentioned their notice of withdrawal of legal representation for Anjarwalla, filed on March 26.

Justice Ekwo noted the withdrawal of legal representation and adjourned the matter to April 8 to allow the applicants to seek new representation and give the respondents an opportunity to appear.

In Gambaryan’s case, Krukrubo stated that although the processes were served on ONSA and EFCC, they still had time to respond. He requested an adjournment, indicating that the respondents’ deadline to file their applications would expire the following week.

Consequently, Justice Ekwo scheduled the next hearing for April 8 to continue proceedings.

Meanwhile, the Federal Government will arraign Binance Holdings Limited and its two top officials, Tigran Gambaryan and the fleeing Nadeem Anjarwalla, on April 4 on allegations bordering on tax evasion.

Binance, Gambaryan, and Anjarwalla, listed as 1st to 3rd defendants respectively, are expected to be arraigned before Justice Emeka Nwite of a Federal High Court (FHC), Abuja on a four-count charge.

Anjarwalla, who had been in detention alongside Gambaryan, was said to have escaped from lawful custody. He escaped on Friday from the Abuja guest house where he and his colleague were detained.

Binance Executive drags NSA, EFCC to court, demands public apology

Continue Reading

Trending

Skip to content