Connect with us

Headline

Nigeria To Grow Gas Reserves To 600 Trillion Cubic Feet — Minister

Published

on

The Minister of State for Petroleum, Chief Timipre Sylva, says the Federal Government is currently working to grow the country’s gas reserve from 206 trillion cubic feet to 600 TCF.

Sylva gave the assurance on Wednesday at the 23rd World Petroleum Congress in Houston, Texas, U.S.

Advertisement

The News Agency of Nigeria (NAN) reports that the minister spoke at a session themed ” Regional Development and Opportunities in Africa”.

He said the increase would position Nigeria among the countries with the highest gas reserves in the world.

According to him, the 600 trillion cubic feet reserve will enable Nigeria to achieve the desired development required of a gas nation.

Advertisement

“We have a lot of gas in Nigeria. We currently have 206 trillion cubic feet of gas reserves.

“This number is already discovered in gas reserves and the 206 trillion cubic feet reserve were discovered while looking for oil; so it was accidentally discovered.

“We were actually going to look for crude oil and we found gas, and in that process of accidental discovery of gas, we have found about 206 tcf.

Advertisement

“So, the belief is that if we really aim to look for gas dedicatedly, we will find up to 600 trillion cubic feets of gas,” the minister said.

Sylva said that the forum provided an opportunity to share accomplishments and incentives within the industry which enhance Nigeria’s investment value preposition.

He explained that so far, gas was being used as a transition fuel as Nigeria and Africa as a continent do not contribute more than one per cent as carbon emission aggravating the global warming situation.

Advertisement

He said: “The future of oil and gas industry in Nigeria is still very bright when we talk about energy transition, we are not expected that oil will be discarded the next day.

” We are saying that over the years, oil will account for less and less percentage in the global energy mix.

” It means that oil is still going to be relevant but it will not to be as relevant as it is today, but it not going to happen just now.

Advertisement

“It’s going to happen years to come, so there is still a lot of opportunities in growing the oil industry.

“That’s why we are here to collaborate with the rest of the global community to develop oil industry.

“We’ve never discountenance that the world is serious about energy transition.”

Advertisement

He added that Net-Zero target proposed by Mr President Muhammadu Buhari during the COP-26 conference required sustained financial assistance.

He said that technology transfer and capacity building from international partners willing and able to assist in that regard would be welcome.

The minister added that Nigeria still required fossil fuels, especially gas, as its base-pad energy source to address energy poverty and power supply in the country.

Advertisement

READ ALSO: Cooking Gas Price Jumps By 240% As Marketers Halt Imports

“We have declared gas as our transition fuel, our pathway to net-zero carbon emissions. This presents investment opportunities given the oil and gas reserves which can be commercialised,” he noted.

Sylva said that despite the challenges and impacts of COVID-19 pandemic on the nation’s economy in general, and to the oil and gas industry in particular amid global energy transition drive, the Nigeria oil industry still held profound opportunities.

Advertisement

The minister said that discussion had commenced with Afrexim Bank to create an energy bank which will finance fossil fuel projects in Nigeria and Africa continent.

He said this had become necessary because of the stance of the international financial ecosystem on funding fossil fuel projects.

Advertisement
Continue Reading
Advertisement
Comments

Headline

Most Followed Tiktoker Khaby Lame Deported From US Over Visa Violation

Published

on

Italian-Senegalese social media sensation, Khaby Lame, known as the world’s most followed TikTok creator, has been deported from the United States after allegedly overstaying his visa, The New York Times reported.

US Immigration and Customs Enforcement confirmed that Lame, 25, was detained last Friday at Harry Reid International Airport in Las Vegas.

Advertisement

The agency confirmed the detention in an official statement, stating that Lame entered the country on April 30 but “overstayed the terms of his visa.”

Lame, who rose to international fame for his silent comedic reactions to overcomplicated “life hack” videos, has amassed over 160 million followers on TikTok.

READ ALSO: TikTok Creator Jailed For Naira Abuse

Advertisement

His online popularity led to collaborations with global fashion brands, a role in a Hollywood film, and a reality show on Tubi titled Khaby Is Coming To America.

His deportation has sparked a storm of reactions online.

Every single illegal alien needs to be DEPORTED. When I found out the biggest TikTok star, Khaby Lame, is an illegal alien evading taxes, I worked with Trump’s ICE to have him removed. He’s since been detained by ICE and removed,” Bo Loudon, a Gen Z Trump supporter and self-styled activist, wrote on X, formerly Twitter.

Advertisement

READ ALSO: Trump Gives TikTok Extra 75 Days To Find Buyer TikTok

Following his deportation, Lame has not issued any formal statement. However, on Monday, he posted an Instagram story tagged in São Paulo, Brazil, marking his first confirmed location since leaving the US

Lame’s former legal representative, Riccardo Lanzo, told The New York Times that the influencer had spent significant time in the US recently but acknowledged uncertainty regarding his visa status.

Advertisement

The case came amid a broader immigration enforcement push under Trump’s renewed administration.
APF

Advertisement
Continue Reading

Headline

Trump Unveils Website For $5m US Residency Visa

Published

on

President Donald Trump touted a new website for his planned $5 million US residency permit on Wednesday, saying the waiting list for the golden visa has opened on TrumpCard.gov.

Thousands have been calling and asking how they can sign up to ride a beautiful road in gaining access to the Greatest Country and Market anywhere in the World,” Trump wrote in a social media post.

Advertisement

Trump unveiled the first such visa aboard Air Force One in April, holding a golden prototype that bore his face and promising the special permit would probably be available “in less than two weeks.”

The visas are not available yet, but the website announced Wednesday allows interested parties to submit their name, desired visa and email address under a header that says “The Trump Card is Coming.”

READ ALSO: Trump Orders Inquiry Into ‘Conspiracy’ To Hide Biden’s Health Decline

Advertisement

Trump previously said the new visa, a high-price version of the traditional green card, would bring in job creators and could be used to reduce the US national deficit.

The announcement comes as deportation raids are being ramped up across the country, prompting protests, and as Trump’s administration faces ongoing lawsuits and accusations of rights violations over its anti-immigration blitz.

Trump has said the new card would be a route to highly prized US citizenship. He said in February that his administration hoped to sell “maybe a million” of the cards and did not rule out that Russian oligarchs may be eligible.

Advertisement

AFP

Advertisement
Continue Reading

Headline

19-year-old Nigerian Artiste Beaten To Death In Ghana

Published

on

A 19-year-old upcoming Nigerian artiste identified simply as Destiny has been beaten to death in the Volta Region area of Ghana.

According to The PUNCH, the incident happened on May 28.

Advertisement

It was gathered that a yet-to-be-identified Nigerian based in Ghana accused him of failing to remit funds related to a business venture they introduced him to.

The male adult, who was also said to be among those who facilitated his trip to the country, stormed his apartment alongside two others to question him about the funds.

However, Destiny’s failure to provide answers led to a severe assault meted out to him.

Advertisement

READ ALSO: Tailor Stabs Man To Death In Ondo

A source privy to the incident told The PUNCH on Tuesday on the condition of anonymity because he lacked the authority to speak with the media that the Edo State-born artiste thereafter succumbed to the injuries sustained from the assault.

Destiny went to Ghana to further his education, and the travel was facilitated by someone he called his street brother. These are the same people who provided an apartment for him over there. Those who broke the news to us from there said the men introduced him to a business, which they later accused him of diverting some funds meant for the business. This angered them, and they went to his apartment and beat him up. The beating was so intense that he felt weak and gave up the ghost in the process,” the source narrated.

Advertisement

It was further learnt that the suspects left the deceased’s body in the room after they discovered that he was motionless.

Another source who spoke to newsmen said the police later discovered the corpse a few days after the incident.

READ ALSO: Shun Consumption Of Animal Skin To Stave Off Cancer, Don advises

Advertisement

The police were alerted to the incident, and some officers were deployed to the apartment where Destiny’s remains were found. We were told that no suspects had been arrested since his death. We hope the Ghanaian authorities find his killers and bring them to justice.”

In a video obtained by The PUNCH, Destiny was seen speaking about himself and what his plans were.

He said, “I am Destiny and I am a streamer from Nigeria. I want to apply to Streamers University, and this will be a great joy for me, my mother, and everybody. I am also an artiste and a gamer. I do all sorts of things.”

Advertisement

Recall that in April a 77-year-old Nigerian Uber driver, Olatunji Bolaji, was killed in a shooting outside a hookah lounge in Philadelphia, United States.

READ ALSO: 14-year-old Stabs Teacher To Death

Bolaji, who lived in Norristown, Pennsylvania, was on duty around 2 a.m. on Wednesday when he picked up a passenger, a 22-year-old man, outside the Byblos Hookah Bar near Rittenhouse Square in Centre City, CBS reports on Friday.

Advertisement

Police said shortly after Bolaji picked up the young man, another vehicle pulled up behind his SUV, and two men got out.

One of them opened fire, shooting both Bolaji and the passenger.

 

Advertisement

Continue Reading

Trending