Minister of State for Gas Hon. Ekperikpe Ekpo To Connect Investors to Nigeria’s Decade of Gas Opportunities at African Energy Week in South Africa

Minister of State for Gas Hon. Ekperikpe Ekpo to Connect Investors to Nigeria’s Decade of Gas Opportunities at African Energy Week (AEW) 2023 (Source: African Energy Chambe.)

PRESS RELEASE

Minister of State for Gas Hon. Ekperikpe Ekpo To Connect Investors to Nigeria’s Decade of Gas Opportunities at African Energy Week (AEW) 2023

Nigeria’s Decade of Gas initiative promising lucrative opportunities for foreign investors, and during the African Energy Week conference this October, the country’s Minister of State for Gas Hon. Ekperikpe Ekpo will introduce potential players to the country’s opportunities

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JOHANNESBURG, South Africa, September 2, 2023/ -- Likely to represent a 600 trillion cubic feet (tcf) gas market, Nigeria’s investment opportunities in this field are unparalleled, offering foreign financiers and project developers the chance to make high returns while driving the sustainable growth of Nigeria’s energy industry. Under frameworks such as the Petroleum Industry Act (PIA) and the Decade of Gas initiative, Nigeria has established itself as a highly attractive investment opportunity. During the African Energy Week (AEW) 2023 conference and exhibition – taking place at the Cape Town International Convention Center from October 16-20 -, the country’s Minister of State for Gas Hon. Ekperikpe Ekpo will provide insight into the numerous investment opportunities emerging across Nigeria’s gas market. From upstream exploration to downstream processing to distribution and power generation, Hon. Ekpo joins AEW 2023 with the aim of connecting foreign capital with Nigerian gas projects. Hon. Ekpo joins Nigeria’s Minister of State for Oil Sen. Heineken Lokpobiri at the event this October, and will lead sessions such as Invest in Nigeria Energies.   Nigeria’s strategic position in close proximity to high demand regional markets, largely untapped gas resources and recent regulatory reform agenda have further enhanced its attractiveness as an investment destination. Under the Decade of Gas initiative – an ambitious government program launched in 2021 that aims to advance gas development and utilization by 2030 – the country is paving the way for a series of large-scale project developments. Additionally, in 2022, the government identified 20 critical gas projects under the PIA, all of which require foreign investment to get off the ground.   Nigeria already represents a major gas player in Africa. In the short term, the African Energy Chamber’s (AEC) Q2, 2023 Outlook, the State of African Energy, shows that the country, alongside Algeria and Egypt, is expected to drive the majority of natural gas supply in Africa (80%). Output is largely driven by the Nigeria Liquefied Natural Gas (LNG) project, which has been operating for 20 years. The project is being expanded with the addition of a seventh train, poised to increase national output from 22 million to 30 million tons per annum by 2027. The project showcases the potential for billion-dollar gas endeavors in Nigeria. However, supply concerns further underscore the need to invest in gas-related exploration. While Nigeria’s proven natural gas reserves are currently measured at 200 tcf, ongoing exploration efforts are bound to increase this figure to 600 tcf. Upstream projects currently underway include the Okpokunou/Tuomo West Cluster Development; Hi Field; HA field; the Gbaran Nodal Compression project and many more. These developments barely scratch the surface of Nigeria’s upstream gas prospects, however. Downstream, the Decade of Gas initiative places specific focus on gas-related infrastructure, and is poised to unlock new opportunities for regional energy security and sustainable growth. Kicking off with the 614km Ajaokuta-Kaduna-Kano gas pipeline – connecting southern gas fields with central Nigeria – the initiative calls for the development of LNG and Liquefied Petroleum Gas facilities, incentivizing the commercialization of gas flares, the development of gas-based industrial bases and investment into power generation projects. This, in turn, has opened up significant opportunities for foreign investors and project developers. AEW 2023 will connect potential players with the country’s gas opportunities. “Stepping into the role as Minister of State for Gas in Nigeria, Hon. Ekpo is poised to play an instrumental part in accelerating the pace at which investment is made in the country. His commitment to engaging with regional and foreign players will yield tangible results for the country while his dedication to leveraging policy and public-private partnerships will usher in a new era of project developments in Nigeria’s gas market. Nigeria is well positioned to become the global gas hub of the future, and with the drive of leaders such as Hon. Ekpo, the country is on track to achieve this objective,” states NJ Ayuk, Executive Chairman of the AEC. During AEW 2023, Hon. Ekpo will engage in and lead various panel discussions and investor forums under efforts to attract new investment to the Nigerian gas market. As the biggest gathering of energy stakeholders on the continent, AEW 2023 plays an integral part in connecting capital with African projects, and with Hon. Ekpo’s participation, Nigeria is set to witness a wave of industry-advancing deals signed. AEW is the AEC’s interactive exhibition and networking event uniting African energy stakeholders, driving industry growth and development, and promoting Africa as the destination for African-focused events. For more information about sponsorship, attendance, and partnership opportunities, visit www.AECWeek.com. Distributed by APO Group on behalf of African Energy Chamber. SOURCE African Energy Chamber

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Former Nigerian Minister of State Professor Ibe Kachikwu to Participate at African Energy Week (AEW) 2023 as Keynote Speaker

PRESS RELEASE Former Nigerian Minister of State Professor Ibe Kachikwu to Participate at African Energy Week (AEW) 2023 as Keynote Speaker The African Energy Chamber is pleased to announce the participation of Prof. Ibe Kachikwu, Former Honorable Minister of State, Petroleum Resources of Nigeria at African Energy Week 2023

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JOHANNESBURG, South Africa, August 17, 2023/ -- African Energy Week (AEW) 2023 – Africa’s premier event for the energy sector – taking place from 16 – 20 October in Cape Town will feature Prof. Ibe Kachikwu, Former Minister of State, Petroleum Resources of Nigeria, as a keynote speaker. During the event, Kachikwu will shape crucial conversations around best practices to accelerate the African energy renaissance for energy security, economic growth and sustainable development. A seasoned industry executive with extensive expertise and a well-established presence in the global energy sector, Kachikwu is well positioned to drive serious AEW 2023 dialogue on investment and partnership opportunities available within the Nigerian and African energy landscapes. During his career in energy which spans over 31 years, Kachikwu served as General Managing Director of now diversified global energy firm, Nigerian National Petroleum Corporation (NNPC), and as President of the Organization of the Petroleum Exporting Countries (OPEC), the Gas Exporting Countries Forum (GECF) and the African Petroleum Producers Organization (APPO). Kachikwu’s dedication to revolutionizing the global energy sector has been nothing short of monumental. As Minister of State, Petroleum Resources, Kachikwu orchestrated the transformation of Nigeria’s oil and gas sector through a series of policy reforms, partnerships with global players and the implementation of several significant projects. These endeavors were designed to enhance energy production, infrastructure, and overall industry development. Among these projects are TotalEnergies’ initiation of the development of the Egina and Ikike oil fields, Chevron’s milestone accomplishment of producing clean diesel from natural gas feedstock at the Escravos Gas-to-Liquids plant, the expansion of the Uquo Gas Processing plant, the proactive launch of Eni’s Zabazaba-Etan field development, and the commencement of a series of exploration activities. In his roles within GECF, APPO, and GECF, Kachikwu’s impact on elevating energy production and monetization across African nations for bolstering local, regional, and global energy market resilience, as well as fostering robust gross domestic product growth, has been profound. At NNPC, he played a leadership role in strategically cultivating new investments, forging new partnerships, and maximizing infrastructure development to ensure optimal exploration, utilization, and monetization of Nigeria’s vast reserves for energy security and a sustainable economic growth. Owing to the accomplishments realized and the enduring groundwork established during Kachikwu’s tenure at NNPC, the company persists in attaining even more remarkable milestones. Today, it stands among Africa’s foremost energy enterprises and ranks as one of the continent’s most successful national oil corporations. “Prof. Ibe Kachikwu has played a crucial role in maximizing the development and exploitation of Nigeria and Africa’s energy resources for economic, social and environmental benefits in a sustainable manner. His leadership role has unlocked a series of investments and partnerships aimed at boosting energy access and the growth of African economies. Now that Africa is seeking to maximize the sustainable growth of the energy sector for a just and inclusive energy transition, guidance from leaders and experienced industry executives like Kachikwu is vital,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber. AEW is the AEC’s interactive exhibition and networking event that seeks to unite African energy stakeholders, drive industry growth and development, and promote Africa as the destination for African-focused events. For more information, visit www.AECWeek.com. Distributed by APO Group on behalf of African Energy Chamber. SOURCE African Energy Chamber

Abubakar Malami: The Richest Government Minister in Nigeria

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, is the richest Federal Minister in the Federal Republic of Nigeria. He should be on the cover of Forbes.

Former President Goodluck Jonathan said he made many of his beneficiaries millionaires. President Muhammadu Buhari is making many of his own benefiaries billionaires that should be on the Forbes list of the billionaires in the world.

The following details of his multi-million dollars assets are published by Sahara Reporters .

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For example, Malami has an underground hotel in Sokoto, three houses at Peace Estate, Abuja, a brand new state-of-the-art school in Kebbi, two houses for his sons worth N100million each, and a new hotel under construction in the Jabi area of Abuja.

He also bought a house in 2020 worth N150 million in the Gwarimpa area of Abuja.

Part of Malami’s assets since becoming a minister is also a newly constructed school which is located at the back of NITEL in Gesse Phase 1, Birnin-Kebbi.

A new house worth N600million on Ahmadu Bello Way, Nasarawa GRA, Kano, was acquired by Malami also after becoming a minister.

Malami also built a N3billion multipurpose event centre in Kebbi state named Azbir Arena for his son in Kebbi.

This is apart from Rayhaan Hotel located on Zaria Road, opposite Aminu Kano Teaching Hospital, which the AGF massively upgraded.

Ever since SaharaReporters published a series of detailed reports exposing these illicit acquisitions, the online news medium has been a target for the AGF’s camp.

Despite the open display of unexplained wealth by the AGF and members of his family in recent times, President Buhari, who rode to power in 2015 on the back of a promise to crush corruption, especially in the government circle, has yet to offer any statement on the development.

Observers say Buhari’s silence is an endorsement of the atrocities of one of his most trusted lieutenants, Malami.

Read more on 

http://saharareporters.com/2021/10/09/exclusive-nigerias-ministry-justice-under-attorney-general-malami-goes-bankrupt-exhausts

Why Majority of Nigerians Are Ignorant of the Achievements of President Muhammadu Buhari

President Muhammadu Buhari and RT. Hon. Chibuike Rotimi Amaechi, the Federal Minister of Transportation.

Why Majority of Nigerians Are Ignorant of the Achievements of President Muhammadu Buhari 

President Muhammadu Buhari is performing well in his administration. But many Nigerians don't know a lot of his achievements, because of either lack of good public relations or poor public relations of his Ministers and DGs. 

RT. Hon. Chibuike Rotimi Amaechi is the Honourable Minister of Transportation, but he seems to prefer to be the DG of Nigerian Railways. Railway transportation is just one of the sectors of the Ministry of Transportation. Can he tell us what his ministry is doing in air transportation, road transportation and water transportation? 

Majority of Nigerians are ignorant of the achievements of the Federal Ministries, because of poor public relations. 

President Buhari is blamed for the failures of even local governments! Because of the failures of the state governors who cannot even clean up their streets. They are often showing the commissioning of both completed and uncompleted constructions of roads and flyovers in their states in the midst of dilapidated streets with heaps of stinking refuses and surrounded by  poverty-stricken destitute children and women begging for alms by the roadside.

Construction of roads and flyovers are not the fundamental needs and priorities of majority of Nigerians. Projects to tackle poverty and unemployment should be the priorities of state governments. 

The administration of President Buhari has created more new jobs for Nigerians than the previous administrations of the Nigerian government. But ignorant Nigerians still blame him for the failures of their incompetent state governors and incompetent local government administrators.  

One Igbo man even blamed President Buhari for his own impotence when his wife insulted him for failing to give her orgasm!

 - By EKENYERENGOZI Michael Chima, The CEO, International Digital Post Network Limited, Publisher/Editor, NOLLYWOOD MIRROR®Series 247 Nigeria (@247nigeria) / Twitter https://mobile.twitter.com/247nigeria https://www.amazon.com/author/ekenyerengozimichaelchima, https://www.linkedin.com/in/michaelchimaeyerengozi