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NNPC to phase out cylinders, explains rise in cooking gas

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Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has attributed the hike in prices of cooking gas to challenges being faced in sourcing adequate supply of the commodity.

He also spoke on an imminent plan to phase out gas cylinders and directly supply homes and other end users with the commodity as part of measures to crash the prices and make it continuously available.

He stated this during a visit to the headquarters of the Department of Petroleum Resources (DPR) in Abuja on Tuesday.

“Today, this country is under supplied with gas. I can tell you that we are having difficulty feeding our network across the country with gas, every day; it is a trouble to deliver gas. Once your supply is weak, it will affect pricing,” the NNPC GMD said.

He also said, “The supply mechanism of our LPG is very weak; that is why we are collaborating extensively to make sure that we are able to extract the LPG from our gas resources so that it is made available to the market. Once supply becomes high, definitely, the price will definitely be impacted.”

He, however, said the corporation was working with other sister agencies to make sure that more gas is available into the domestic market thus, making it close to homes.

He stated that the strategy to expand its network of availability would subsequently lead to gas directly delivered to homes of end users.

He said, “If we do this, all cylinders will not be of any use. That is why I don’t see them used in many developed countries. When we are able to power thermal gas plants across the country and very close to the users, ultimately, homes will be run with electric cookers and utensils and that way, you will have less need for cylinders. We are transiting and we will continue to add more volume into the market so that we bring down the prices.”

He explained that the excess availability of the commodity would also aid in stabilising power supply and distribution in the country as thermal plants would supply power generating companies’ gas which are affordable and accessible.

Director/CEO of the DPR, Sarki Auwalu, noted that the increase in availability in gas would engender job employment and help the country to have energy security.

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SERAP sues Buhari over alleged missing N11tn electricity fund

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President Muhammadu Buhari has been dragged to court by the Socio-Economic Rights and Accountability Project (SERAP) for allegedly failing probe N11tn electricity fund said to missing.

The money, according to SERAP, was meant to provide regular electricity supply for the country since 1999, and it is suspected to have “been stolen, mismanaged or diverted into private pockets.”

In the suit number FHC/L/CS/1119/2022 filed last week at the Federal High Court, Lagos, SERAP sought for “an order of mandamus to direct and compel President Buhari to investigate how over N11 trillion meant to provide regular electricity supply has been allegedly squandered by governments since 1999.”

This is coming after it was reported that Nigeria’s electricity grid has collapsed at least three times within five months, and 130 times in seven years, plunging many households across the country into darkness.

 

 

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Toyota-Suzuki joint SUV coming in August, Africa listed

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The collaboration between Toyota and Suzuki is set to manifest in concrete terms as Toyota says it will start the production of a new SUV model developed by Suzuki at Toyota Kirloskar Motor Pvt. Ltd from August.

The Suzuki-developed SUV will come with mild and strong hybrid variants – made in India for both brands, multiple sources including motorauthority.com report.

The two companies are said to be planning to export the new model to markets outside India including Africa.

Toyota and Suzuki are promoting mutual supply of vehicles globally, which is one of the collaborations in their business partnership.
The two companies signed a memorandum of understanding for a business alliance in 2017. Since then, the two companies have been bringing together Toyota’s strength in electrification technologies and Suzuki’s strength in technologies for compact vehicles for joint collaboration in production and in the widespread popularization of electrified vehicles.
The powertrains of the new model to be on sale in India will be equipped with mild hybrid developed by Suzuki and strong hybrid developed by Toyota.
By bringing together strengths of both Toyota and Suzuki through the collaboration, the two companies say they will be able to provide a wide variety of vehicle electrification technologies to customers and contribute to the acceleration of electrification and the realization of a carbon-neutral society in India.

While Suzuki leads and understands the India market, Toyota brings hybrid tech to the table.

Maruti Suzuki India Limited and TKM will market the new model in India as Suzuki and Toyota models, respectively.

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Ford to end production of Focus in 2025

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Ford has confirmed that it will stop producing the Focus model in 2025, in a move that threatens the longer-term future of its Saarlouis, Germany plant that only makes that model.

Nigeria may not miss the exit of the Focus as it has not really been as popular as other Ford models such as the Escape, the Edge and Everest.

Ford however said that its plant in Saarlouis would continue to produce the Ford Focus passenger car, while the company is also evaluating options for future site concepts.
In Europe, Ford has emphasised the future role for electrified models – which includes its Cologne plant in Germany being a hub for EV production. It will build a new SUV based on VW’s MEB platform from 2023.
Ford also recently announced that its Valencia, Spain, plant would receive investment for making electric vehicles on a next-generation electric vehicle architecture.

 

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