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Okowa Tasks FG On Rising Cost Of Cooking Gas

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File copy: Dr. Ifeanyi Okowa

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.

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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.

READ ALSO: Fish Out Killers Of Our Brother, IYC Urges Buhari, Okowa

He thanked the Office of the Vice President for choosing Delta as one of the pilot states for the public enlightenment campaign.

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“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.

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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

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“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.

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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.

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“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.

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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.

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“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.

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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)

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Guinness Announces Plan To Leave Nigeria After 75 Years

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Guinness has announced it will exit the Nigerian market and sell off its controlling shares to Singaporean conglomerate Tolaram Group on Tuesday, June 11.

Guinness has joined a long list of multinationals, like GlaxoSmithKline and Microsoft, that have left Nigeria, citing the harsh economic climate in the country.

The brewery company recorded a staggering N61.9 billion loss after tax between July 2023 and March 2024, just a few months after Mr Tinubu floated the naira in an effort to unify the currency’s value on the official and parallel foreign exchange markets.

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Guinness Nigeria’s N61.7 billion loss after tax in Q3 was a 1,000 percent decrease from the N5.9 billion profit generated in the same period last year leading Diageo, Guinness’ parent company, to sell its 58.02 per cent majority stake to the Singaporean group.

READ ALSO: Huggies Maker Exits Nigeria, Cites Harsh Economy

“Under the terms of an agreement signed today, 11 June 2024, Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria royalty agreements for the continued production of the Guinness brand and its locally manufactured Diageo ready-to-drink and mainstream spirits brands,” the company said in a statement Tuesday.

The transaction is expected to be completed during fiscal 2025, subject to obtaining the requisite regulatory approvals in Nigeria,” said the statement signed by Abidemi Ademola, Guinness’s legal director.

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Diageo “will retain ownership of the Guinness brand, which will be licensed to Guinness Nigeria for the long term.”

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U.S. President’s Son, Hunter Biden Convicted

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U.S. president, Joe Biden’s son has been found guilty of illegally buying a gun after hiding his drug use.

Hunter Biden, 54, was convicted of three firearm charges in the first criminal prosecution of a sitting US president’s child.

US Prosecutors had said he lied on a form when buying a Colt Cobra revolver gun in October 2018 by stating he was not a drug user or addict, despite having an addiction to crack cocaine at the time.

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Biden pleaded not guilty to felony charges that included lying about his addiction when he filled out a government screening document for the revolver and illegally possessing the weapon for 11 days.

READ ALSO: Biden ‘Freezes For A Minute’ While Others Celebrate Juneteenth At White House [VIDEO]

U.S. First Lady, Jill Biden was in the courtroom shortly after the verdicts – which came after the jury deliberated for about three hours and was seen holding her stepson’s hand as they left.

The trial included testimony from Hunter Biden’s ex-wife and sister-in-law, who gave accounts of his addiction in the weeks before and after buying the gun.

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Prosecutors also showed text messages, photos and bank records they said showed Biden was deeply addicted to cocaine when he bought the gun.

Hunter Biden’s lawyers tried to show he was not using drugs when he bought the gun and didn’t intend to deceive as he didn’t consider himself a drug user at the time.

READ ALSO: Israel Extends Ban On Al Jazeera For Another 45 Days, Cites Security Threats

The defence called Hunter Biden’s daughter, Naomi Biden, who testified her father seemed to be doing well when she saw him shortly before and after he bought the gun.

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President Joe Biden did not testify at the trial, which was held in the Bidens’ hometown of Wilmington in Delaware.

The sentencing guidelines for the gun-related charges are 15 to 21 months, but legal experts say defendants in similar cases often get shorter sentences.

The case comes after last month’s criminal conviction of Donald Trump, the first former US president to be found guilty of a crime.

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Biden ‘Freezes For A Minute’ While Others Celebrate Juneteenth At White House [VIDEO]

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US President Joe Biden appeared to freeze for a minute at a White House event.

During the lively music and dance event at a White House Juneteenth concert on Monday evening, Joe Biden seemed to momentarily freeze , as he was flanked by Philonise Floyd, George Floyd’s brother, Vice President Kamala Harris, Second Gentleman Doug Emhoff and others who danced to the energetic band at the event held ahead of next week’s national holiday.

READ ALSO: Bouncers Escort Heavily Drunk Tyson Fury As He Collapses Weeks After Losing To Usyk [PHOTOS/VIDEO]

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As the Commander-in-Chief appeared to stand almost completely still, Philonise Floyd noticed Biden’s pause and wrapped his arm over him as if to offer support.

Floyd managed to elicit a response when he raised his fist for a ‘fist bump’, which the president reciprocated. This incident comes amidst allegations of Biden also exhibiting cognitive decline, adding to a series of concerning occurrences at recent public events.

Watch the video below

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