Headline
Okowa Tasks FG On Rising Cost Of Cooking Gas

Delta State governor, Dr. Ifeanyi Okowa, has called on the Federal Government and relevant policy makers to initiate steps towards reducing the rising cost of Liquefied Petroleum Gas (LPG) in the country.
The governor made the call at a two-day LPG sensitisation and awareness campaign organised by the National LPG Expansion Implementation Plan, Office of the Vice President in conjunction with the State Government on Monday in Asaba.
He said that the theme of the campaign “Stimulating Delta State Socioeconomic Growth Through LPG Adoption And Expansion” was apt as the world moved towards greener sources of energy.
This, according to him, is because of the adverse effects of fossil fuel on the environment.
Okowa, represented by his Chief Economic Adviser, Dr Kingsley Emu, said stakeholders must work to reduce the rising cost of LPG if the objective of the National LPG Expansion plan was to be realised.
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He thanked the Office of the Vice President for choosing Delta as one of the pilot states for the public enlightenment campaign.
“Just recently, world leaders gathered in Glasgow, Ireland, in a Summit (COP-26) to discuss the adverse effects of climate change occasioned by the use of fossil fuels and the need to move towards cleaner energy.
“This makes the adoption of LPG as a transition fuel to greener sources exigent, and Delta State is keen to play a vital role in this process and will give this awareness programme maximum support,” he said.
Okowa said that Delta was home to 40 per cent of the nation’s natural gas endowments, hence a large number of oil and gas companies operate in the state.
He said that there were prospects for the establishment of gas processing plants and gas-related industries in the state.
This, the governor said, had implications for employment generation, inclusive economic growth and sustainable development.
“However, as we adopt LPG as the fuel to drive the socio-economic activities of the economy, we must acknowledge a big challenge currently confronting the populace, the issue of high price of LPG in the market.
“At the rate the price is skyrocketing, LPG is gradually getting out of the reach of the middle class and common man.
READ ALSO: Nigeria Is Plagued By Insurgency, Kidnapping, Okowa Laments
“The price increase has been linked to several factors including the VAT re-introduction, devaluation of the naira and large importation of LPG vis-a-vis low production locally.
“It is imperative that policy makers find a way to mitigate this upward trend in the price of LPG to give succour to our people, and if the goal of the LPG expansion plan is to be realised,” he said.
Okowa was unhappy with the continuous flaring of gas by most oil and gas companies and urged them to expand their production facility to include the capacity to convert gas to LPG for use.
He said that this was because of the untapped potential in the LPG market.
The governor called on investors to come into the oil and gas sector and improve the availability of LPG in the market.
He that his administration had carried out significant reforms to create investor-friendly climate in the state, including tax harmonisation, easy access to land and dispute resolution mechanisms to handle conflicts when they arise.
“As we embrace the use of LPG in every sector of our economy as the source of energy, safety concerns become paramount.
“We cannot forget in a hurry the gas explosion incident at Agbor in January this year, which, sadly, claimed many lives.
“As a government, we have put mechanisms in place to avert similar occurrences and that includes the setting up of a committee to advise the government on guidelines for the establishment of gas plants in the state,” the governor said.
The Senior Special Assistant to the President on LPG, Mr Dayo Adesina, said Delta State was strategic to the National LPG Expansion plan in view of its contributions to oil and gas development in the country.
He said the Federal Government would procure 10 million gas cylinders and give to marketers for onward distribution to end users which would be exchanged from various homes.
Adesina said there was no reason why anyone should use firewood, kerosene and charcoal for cooking especially when the country was blessed with abundance of gas.
He commended Gov. Ifeanyi Okowa for setting up four training centres for manufacturing of low emission stove in the state.
Earlier in a welcome address, the State Commissioner for Oil and Gas, Prince Emmanuel Amgbaduba, said the objective of the sensitisation was to display the economic and sustainability plan for adopting LPG for domestic use, power generation, agriculture and transportation amongst others.
He said that the adoption of LPG for clean cooking would mitigate against deforestation, reduce depletion of the ozone layer and boost revenue generation in the state.
The commissioner commended Okowa for approving an Annual Sensitisation Campaign on Safety for LPG Retailers in the State, with the maiden edition held in 2020.
“By this new vista, oil companies are encouraged to diversify by transforming waste to wealth in place of flaring gas.
READ ALSO: Okowa Recommends What To Do For Nigeria To Develop
“As the State gets set to embrace the new frontiers that this programme intends to unveil, government is not unmindful of the associated safety hazards especially when not handled appropriately.
“With the establishment of Department of Monitoring and Compliance in the ministry, all hands must be on deck to institute best global practices at keeping every resident of the State safe as we reiterate our resolve to adopt LPG as a transition fuel in the journey towards greener energy,” Amgbaduba said.
On his part, Chairman, Isoko South Local Government Council, Mr Victor Asasa, called for the establishment of gas turbine power plant in Irri to be powered from the gas being flared in the area.
The event featured paper presentations from stakeholders in the oil and gas sector as well as exhibition of locally produced low emission stoves.
(NAN/VANGUARD)
Headline
Oil Prices Drop After Iran Reopens Strait Of Hormuz

Global oil prices dropped sharply on Friday after Iran signalled that the Strait of Hormuz would remain open to commercial shipping during a temporary ceasefire in the Middle East.
Benchmark crude prices fell by more than 10 per cent, with West Texas Intermediate (WTI) slipping below $85 per barrel, while Brent crude declined to about $89 per barrel.
The decline follows comments by Iran’s Foreign Minister, Abbas Araghchi, who said commercial vessels would be allowed to transit the strait for the duration of a 10-day ceasefire involving Israel and Lebanon.
The truce, which began on Thursday, is reported to include the Iran-backed group Hezbollah.
READ ALSO:Crude Oil Prices Jump As Fear Mounts On Fresh Domestic Petrol Hike In Nigeria
Oil prices had surged above $100 per barrel in recent weeks amid heightened tensions in the region, with WTI reaching nearly $113 per barrel earlier this month and Brent climbing above $119 in late March.
Analysts say the reopening of the key shipping route has eased supply concerns in global energy markets.
Brian Therien, a senior investment strategist at Edward Jones, noted that oil futures are now trending lower, with projections suggesting prices could fall to the low $70 range by the end of the year. He added that a sustained drop in prices could help reduce inflationary pressures globally.
The Strait of Hormuz, which links the Persian Gulf to the Arabian Sea, is one of the world’s most critical oil transit routes, accounting for roughly one-fifth of global oil and liquefied natural gas shipments.
READ ALSO:JUST IN: Trump Orders US Naval Blockade Of Strait Of Hormuz
Shipping through the passage had been disrupted during the conflict due to security concerns, including threats of attacks and the presence of naval mines.
An Iranian official told Reuters that vessels moving through the strait during the ceasefire would be required to use designated safe lanes approved by Iranian authorities, while military ships would not be permitted to pass.
Despite the announcement, some shipping firms remain cautious. German carrier Hapag-Lloyd said it is still reviewing the situation before resuming operations in the area.
Meanwhile, Knut Arild Hareide of the Norwegian Shipowners’ Association welcomed the development but warned that uncertainties remain, particularly regarding maritime safety, operational guidelines, and the potential risks posed by unexploded sea mines.
Headline
You Can’t Go To US With Good Feelings Since Trump Returned To Power – Sports Legend

Germany legend, Oliver Kahn, has insisted that one cannot go to the United States with ‘good feelings’ since President Donald Trump returned to the Presidency.
Kahn stated this while speaking to Sky Sport Germany about the upcoming World Cup, which is to be held in the US, Mexico and Canada.
According to the former Bayern Munich goalkeeper, there are so many things happening in the US at the moment that are no longer compatible with ‘values’.
READ ALSO:Trump Tired Of War In Iran – Shehu Sani
“There are simply so many things happening in the USA right now that are no longer compatible with our understanding of values,” Kahn said.
“One example was the war, but I don’t want to list everything Donald Trump has been doing there since he returned to the presidency.
“You can’t go there with a good feeling at the moment.”
Headline
Trump Bows To Pressure, Deletes Post Depicting Self As Jesus

United States President, Donald Trump, has deleted a social media post that appeared to portray him as Jesus, following backlash and rising tensions with Pope Leo XIV over the Iran war.
The image, shared on Truth Social late Sunday, showed Trump as a Christ-like figure healing the sick, surrounded by American flags and eagles.
The post came shortly after the president criticised the pope for opposing the war with Iran.
By Monday morning, the image had been removed from his account. A previous link to the post now leads to a notice stating the “content is no longer available.”
READ ALSO:JUST IN: Trump Orders US Naval Blockade Of Strait Of Hormuz
Speaking later at the White House, Trump denied the interpretation of the image and said he believed it depicted him differently.
“I did post it, and I thought it was me as a doctor, and had to do with the Red Cross,” he told reporters at the White House.
He dismissed claims that the image portrayed him as Jesus, blaming the media for the narrative.
“Only the fake news” could come up with the idea that it depicted him as Jesus.
READ ALSO:I Have To Be Involved In Choosing Iran’s Next Leader – Trump
“I just heard about it, and I said, ‘How did they come up with that?’ It’s supposed to be me as a doctor making people better. And I do make people better,” he said.
The development comes amid an ongoing public disagreement between Trump and Pope Leo XIV over the Iran war.
The pope said Monday he has “no fear of the Trump administration” and would continue to speak out, despite criticism from the president, who described his stance as “terrible for foreign policy.”
Leo, the first American pope, has intensified his criticism of the war in recent days, condemning Trump’s remarks about the Iranian people as “truly unacceptable.”
(CNN)
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