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Lagos govt. moves to boost supply of cooking gas to 20,000 homes

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Commissioner for Energy & Mineral Resources, Mr. Olalere Odusote; Deputy Governor, Dr. Obafemi Hamzat; Governor Babajide Sanwo-Olu; Managing Director/CEO, IBILE Oil and Gas Corporation, Doyin Akinyanju; member, Federal House of Representatives, Hon. Jimi Benson; Zonal Operation Controller, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Ayorinde Cardoso and Board member of IBILE Oil and Gas Corporation, Omolara Alakija, during the commissioning of a Gas Plant by IBILE Oil & Gas, at Igbogbo, Ikorodu, on Thursday, November 25, 2021.

The Babajide Sanwo-Olu – led Lagos state government has commissioned a 40 metric-ton Liquified Petroleum Gas (LPG) Refill Plant in Ikorodu.

Governor Sanwo-Olu, in the company of his Deputy, Dr. Obafemi Hamzat, commissioned the gas plant on Thursday built by Ibile Oil and Gas Corporation (IOGC), the state-owned energy firm, in Igbogbo-Baiyeku Local Council Development Area (LCDA) to ramp up the supply of LPG for domestic use.

The state gaffer  believes the move will create an alternative gas market for residents, thereby, crashing the rising cost of cooking gas in Lagos.

According to the governor, the energy project was initiated to key into the nation’s ambitious goal to develop the natural gas industry and encourage domestic use of safe cooking gas to cut down the use of dirty fuels responsible for carbon emission and air pollution.

The Ikorodu plant is the fourth facility delivered by the corporation.

Three other refill plants of varying capacities were built in Amuwo Odofin, Alimosho and Iponri areas of the State.

Sanwo-Olu said the inclusion of gas into the State’s energy mix was critical to the continuous prosperity of Lagos, stressing that the project would not only transform the State into a gas economy and stimulate commercial growth but also enhance the quality of life by reducing carbon footprint in the environment.

The target, according to him, is to increase the supply of cooking gas in local communities, thereby raising domestic LPG usage from the current 25 per cent to about 80 per cent before the end of 2023.

“The gas plant being commissioned today reflects the desire of our administration to align with the global action to reduce carbon emission and address the climate change challenge. One of the measures, which this gas plant will support, is promoting increased adoption of LGP for domestic use in Lagos,” Sanwo-Olu said.

He continued, “Our vision is to transit the State into a gas economy and ensure an energy mix that provides different fueling options for residents with the introduction of Gas-for-Transport and Gas-to-Power projects. Expanding the domestic usage of LPG is critical to the continuous prosperity of Lagos and the attainment of our administration’s desire to transform the State into a 21st Century economy.”

The governor expressed concern over the high cost of cooking gas occasioned by the high foreign exchange rate and introduction of 7.5 per cent VAT by the Federal Government, describing the situation as “unacceptable” in the face of the high cost of living.

Sanwo-Olu said the increment in LPG price put the nation at the risk of reversing all gains achieved from awareness on the advantages of using LPG for domestic cooking.

He urged the Federal Government to reverse the trend in order to make the commodity affordable, while also increasing the availability of safe cooking gas in the country.

“Not only are we excited with our modest intervention by Lagos in the LPG market, it is only when we reduce the cost of basic commodities such as cooking gas that the true dividends of democracy can be felt by the people.

“We have done a lot of advocacy for people to appreciate the benefit that comes with the use of gas for domestic cooking, such as reduction in carbon footprint, and improved quality of life. If we have made this great effort, the least the Government can do is not to make the commodity unaffordable for the populace,” he said.

Commissioner for Energy and Mineral Resources, Olalere Odusote, said the plant was built with the highest safety standards, noting that the siting of the facility was deliberate to serve a large number of the populace.

He said the State had the plan to expand the gas facility to 20 units which would be spread across all divisions.

Managing Director of IOGC, Doyin Akinyanju, said the gas plants developed by the corporation had the capacity to supply 20,000 homes within the radius of operation, adding that jobs were created for young people in the supply chain through the use of purpose-built vehicles for door-to-door delivery in neighbourhoods.

“Nigeria has an abundant gas deposit that needs to be rapidly developed. Lagos also is blessed with two known offshore fields – Aje and Ogo – in Badagry with large gas deposits. IOGC is taking steps to develop a bulk offtake facility which will ensure gas security in Lagos, as well as provide a competitive pricing advantage.

“We will continue our sensitisation and awareness campaign in the neighbourhoods where we are located to take Lagosians away from the use of dirty fuels like firewood, charcoal, kerosene to Gas for cooking. Today, we start a new journey with cooking gas by creating a market that will make it safely accessible,” Akinyanju said.

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China Hikes Tariffs on US Imports to 84% in Retaliation Against Washington

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TOPSHOT – This photo taken on February 26, 2024 shows a Chinese flag at a tourist viewpoint, with the North Korean city of Namyang in the background, next to the Tumen river in the city of Tumen in China’s northeast Jilin province. (Photo by Pedro PARDO / AFP)

China has announced a sharp increase in tariffs on US imports, raising the rate from 34 percent to 84 percent, in response to new American trade measures that came into effect on Wednesday.

The decision, confirmed by China’s finance ministry, will take effect from 12:01 p.m. on Thursday. It follows the imposition of sweeping new US tariffs under President Donald Trump, including a hefty 104 percent duty on certain Chinese goods.

“The tariff escalation against China by the United States simply piles mistakes on top of mistakes and severely infringes on China’s legitimate rights and interests,” the ministry said in a strongly worded statement, warning of “firm and forceful” countermeasures.

Beijing has long opposed the increasing use of tariffs as a tool in trade disputes, and accused Washington of undermining the multilateral rules-based global trading system.

In a related move, China’s commerce ministry also announced it would blacklist six American artificial intelligence companies, including Shield AI Inc. and Sierra Nevada Corporation. The companies were accused of either supplying arms to Taiwan or collaborating with the island on military technology.

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Nigeria Has Lost One of Its Brightest Minds in Olunloyo – Rep Oseni

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Chairman of the House of Representatives Committee on Federal Roads Maintenance Agency (FERMA), Engr. Aderemi Oseni has expressed deep sorrow over the passing of former Oyo State Governor, Dr. Omololu Olunloyo, describing his death as a monumental loss to the people of Oyo State and Nigeria at large.

In a condolence message made available to the press on Sunday, in Ibadan by his media aide, Idowu Ayodele, the lawmaker eulogised the late elder statesman as a distinguished scholar, consummate public administrator, and one of Nigeria’s most intellectually gifted leaders whose legacy would continue to inspire generations.

Dr. Olunloyo, who served as governor of Oyo State during the Second Republic, was reported dead at the age of 89. He was widely respected for his brilliance, administrative acumen, and unmatched depth in mathematics and public discourse.

Oseni noted that the late governor’s contributions to the development of Oyo State, particularly in the areas of education, governance, and intellectual engagement, are indelible footprints in the sands of time.

“We have lost a gem. Dr. Olunloyo was not just a leader, he was a father figure and a repository of wisdom. His demise is a personal loss to me and all lovers of progress and excellence in our society,” he stated.

While commiserating with the Olunloyo family, the people of Ibadan, and the entire Oyo State, he prayed for the peaceful repose of the departed soul and urged all to take solace in the rich and impactful life he lived.

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Oseni Congratulates Ajewole, Others on CCII Mandate Renewal

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Member representing Ibarapa East/Ido Federal Constituency in the House of Representatives and Chairman, House Committee on Federal Roads Maintenance Agency (FERMA), Engr. Aderemi  Oseni has extended his heartfelt congratulations to Chief Sulaimon Ajeniyi Ajewole and other members of the Central Council of Ibadan Indigenes (CCII) executives on their re-election.

Chief Ajewole was returned as the President-General of the apex Ibadan socio-cultural association, alongside other members of the executive council, who were all given the mandate to continue piloting the affairs of the association for another two-year term.

In a congratulatory message issued through his media aide, Idowu Ayodele, Oseni described the re-election of the Ajewole-led team as a reflection of the trust and confidence reposed in their leadership by the Ibadan indigenes at home and in the diaspora.

He commended the CCII leadership for its unwavering commitment to the progress, unity, and cultural advancement of Ibadanland while expressing optimism that the renewed mandate would further propel the association to greater heights.

“The re-election of Chief Ajewole and his team is not only a testament to their sterling performance over the last term but also an affirmation of their capacity to continue serving the interest of Ibadan indigenes. I extend my warmest congratulations and best wishes for a more impactful tenure,” he said.

The lawmaker further assured the CCII of his continued support for any initiative geared towards the development of Ibadanland and the preservation of its rich heritage.

The CCII is renowned for its pivotal role in mobilising Ibadan sons and daughters towards the socio-economic development of the65 ancient city and beyond.

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