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Transcorp Group Champions Nigeria’s Energy Future at the 2024 Nigeria Energy Summit

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Transcorp Group Champions Nigeria’s Energy Future at the 2024 Nigeria Energy Summit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

At the recently concluded 2024 Nigeria Energy Summit, Transcorp Group reaffirmed its leadership in shaping the future of Nigeria’s energy sector, with two of its key executives driving the conversation on building infrastructure for gas-to-power projects. 

Vincent Ozoude, MD/CEO of Transafam Power Limited, and Christopher Ezeafulukwe, MD/CEO of Transcorp Energy Limited, were at the forefront of discussions aimed at tackling the critical challenges and opportunities for Nigeria’s gas sector, alongside Dr. Joy Ogaji, MD/CEO of the Association of Power Generation Companies (APGC).

The session was moderated by Gbemisola Abiola-Ige, Head of Risk Management & Portfolio Optimization at Nigeria LNG Limited.


The summit highlighted the growing importance of gas in Nigeria’s energy mix and the urgent need to address infrastructure gaps, funding issues, and security concerns to unlock the country’s gas-to-power potential fully. The panel focused on how strategic investments and partnerships, driven by both public and private sectors, can pave the way for a more robust energy future.

Addressing Key Risks: Funding, Security, and Market Volatility
During the panel, Christopher Ezeafulukwe emphasized that Nigeria must find homegrown solutions to secure funding for gas-to-power projects in an era where fossil fuel investments are declining globally.

He highlighted the concept of Africapitalism, which calls on African nations to take charge of their own development through partnerships that prioritize local growth and long-term sustainability. “We cannot rely solely on external funding. Africa must lead in building its infrastructure by leveraging both the private and public sectors,” Ezeafulukwe said.

Vincent Ozoude highlighted the persistent security risks in Nigeria’s oil and gas regions, noting that traditional methods of policing infrastructure are no longer sufficient. He advocated for a more strategic, intelligence-driven approach that includes local operators in the solution, thus formalizing and leveraging their skills to safeguard critical infrastructure.

Both leaders also pointed out the market risks plaguing Nigeria’s gas-to-power sector, particularly inefficiencies in the electricity market and the slow pace of industrialization. They stressed the need for the power sector to transition to bilateral contracts, which would stabilize demand and unlock growth potential for the gas sector.

Gas: The Bridge to Nigeria’s Energy Future
A recurring theme during the session was the crucial role that gas plays in Nigeria’s path towards energy sufficiency. Ezeafulukwe reminded attendees that gas currently powers 70% of the national grid, making it the backbone of Nigeria’s energy supply.

He noted that even as renewables gain traction, gas-fired plants will remain essential for maintaining stability in the country’s power generation. With Nigeria ranking third in Africa in terms of gas reserves, the country has a unique opportunity to harness this resource to fuel its economic growth and industrial development.

Vincent Ozoude added that addressing infrastructure gaps is crucial to realizing this potential. He specifically pointed to the delayed OB3 pipeline, designed to link Nigeria’s eastern and western gas markets, as a key project that must be prioritized.

“We have the reserves, but we lack the infrastructure to connect gas-rich areas to demand centres. This inefficiency is holding us back from achieving energy sufficiency,” Ozoude explained.

A Call for Policy Re-evaluation and Immediate Action
The discussion ended with a call to revisit Nigeria’s Gas Master Plan and the Decade of Gas initiative. While these policies were developed with the right objectives, the panel agreed that they require reevaluation to reflect current realities. The leaders emphasized that addressing infrastructure gaps, improving security measures, and adopting modern market frameworks are critical to positioning Nigeria as a true gas powerhouse.

For Transcorp Group, the message is clear: gas-to-power is more than an energy solution—it is a driver of economic transformation. By investing in strategic infrastructure and partnerships, the Group is committed to playing a central role in transforming Nigeria’s energy landscape and contributing to long-term value creation for the country and its people.

As Transcorp Energy and Transafam Power, subsidiaries of Transcorp Group, continue to lead the charge, their efforts will ensure that Nigeria maximizes its gas potential, fueling industrial growth, job creation, and sustainable development.

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NIMC DG BAGS HONOURARY DOCTORAL DEGREE

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NIMC DG BAGS HONOURARY DOCTORAL DEGREE

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The DG/CEO of NIMC, Engr Abisoye Coker-Odusote, was conferred with an honourary doctorate by the African University of Science and Technology, Abuja, Federal Capital Territory.

Engr Abisoye Coker-Odusote received the honourary doctoral at the University’s 10th Convocation in Abuja on Tuesday, 14th January 2025.

The conferment of the honorary doctorate on Engr Abisoye Coker-Odusote is in recognition of her immense contributions to nation-building, particularly her sterling performance in identity management.

She has transformed the identity management space of the country within a short time of her assumption as the DG/CEO of NIMC.

Engr Coker-Odusote thanked the Management of the African University of Science and Technology for the award and promised not to rest on her oars in making meaningful contributions to the development.

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FG LAUNCHES DIGITAL LITERACY SKILLS FOR FEDERAL CIVIL SERVANTS

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FG LAUNCHES DIGITAL LITERACY SKILLS FOR FEDERAL CIVIL SERVANTS

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H


In a bid to enhance the skills and competencies of government employees in navigating digital tools and technologies, the Federal Government has launched a digital literacy training programme for federal civil servants.

This initiative is a collaborative effort between the National Information Technology Development Agency (NITDA) and the Office of the Head of Civil Service of the Federation.


The programme aims to equip civil servants with the necessary skills to effectively utilise digital technologies, thereby improving their productivity and efficiency.

This is particularly important as digital transformation is fundamentally about people, and having a workforce that is proficient in digital tools is crucial for driving economic growth and development.


The Director General, of NITDA, Kashifu Inuwa, CCIE at the launch of a 3-day workshop on digital literacy training and certification for federal civil servants in Abuja, emphasised that digital transformation is a journey, not a destination, and it is fundamentally about people, not technology.


He stressed that without the active involvement and engagement of individuals, technology alone will not drive meaningful change. He said, “Technology makes our lives better, the government cannot accomplish that without you, as you are the one who creates the policies, designs the services, and delivers them to citizens”


The NITDA boss revealed that to reach the ambitious goal of 70% digital literacy by 2027, NITDA has launched an innovative initiative called Digital Literacy for All (DL4ALL) aims to empower Nigerians with essential digital skills, making them digitally literate and proficient in navigating the digital landscape.


He said, “The first initiative to work with the Ministry of Education to develop digital literacy skills curriculum has been approved and we started the implementation this month.

We are working now on training all teachers and collaborating with National University Commission, National Board for Technical Education, and National Commission for Colleges of Education, to infuse it in all tertiary institutions curriculum.


“The second one is working with NYSC to recruit 80 champions in each NYSC stream, every year we will train at least Ten million and three hundred thousand Nigerians on digital literacy. And the third one is the workforce readiness. According to world Bank, by 2030 between 35 to 45 percent of work in Nigeria will need digital competency,” he added.


The representative of Head of Service of the Federation and Permanent Secretary, Career Management Office, Mrs. Fatima Sugra Tabi’a Mahmood, emphasised the importance of transforming the civil service into a dynamic, technology-driven, and globally competitive workforce, adding that the vision is a cornerstone of the Federal Service Commission’s strategy and implementation plan, which prioritises the journey towards a digitally literate civil service.


She maintained that the workshop is not just a training exercise, but a pivotal opportunity to shape the future of Nigeria’s public service. “By acquiring cutting-edge tools and knowledge, participants will be empowered to deliver their mandate more effectively, driving meaningful change and progress in the country, she averred.


While acknowledging that the partnership between the Office of the Head of Service of the Federation and NITDA, serves as a shining example of collaboration in achieving shared goals, she expressed her gratitude to NITDA and other participating organisations for their roles in bringing this vision to life.


“This collaboration underscores the importance of working together to harness the power of digital technology and drive meaningful change in Nigeria’s public service,” she added.

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GAC’s Endorses New Lagos Speaker, Meranda

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GAC’s Endorses New Lagos Speaker, Meranda

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The newly sworn-in Speaker of the Lagos State House of Assembly, Mojisola Lasbat Meranda on Tuesday, received the endorsement of the Governance Advisory Council, GAC, of the All Progressives Congress, APC August24news.com can authoritatively reveal.

The leadership of GAC, gave the endorsement on Tuesday, at a closed door meeting with Meranda and some key principal officers, held at Lagos House, Marina.

Meranda, it was gathered sought the cooperation and understanding of the council members to in the discharge of her duty as speaker.

President Bola Tinubu, APC National leader then, created the GAC, which is the highest decision making body of the party in the state.

Fielding questions from the media after the meeting, the Speaker, said, “We briefed the GAC about what happened at the state House of Assembly and to seek their blessings which we have gotten.”

Meanwhile, the GAC, led by Tajudeen Olusi, declined to make any comment on the meeting.

It was however, gathered that the State Governor, Bababjide Sanwo-Olu, left Nigeria on Monday night for an official event.

Recall that former Speaker, Mudashiru Obasa, who is currently abroad, was impeached by members of the House of Assembly on Monday over various allegations of misconducts and financial misappropriations.

Meranda, was immediately elected and sworn-in, replacing Obasa. 

Also, the Clerk of the House, Olalekan Onafeko was removed, while all standing committees of the House dissolved.

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