NEMSA warns against importation of substandard electricity materials
The Nigerian Electricity Management Services Agency (NEMSA) has warned against the importation of substandard electricity materials into Nigeria.
- NEMSA warns against importation of substandard electricity materials
- Nigeria’s gas demand to increase by 50% in next 30yrs says NLNG MD
- Oando, LAMATA kick off its sustainable transport initiative with the delivery of electric mass transit buses
- Assembly passes Delta creative industry development fund bill, others
- Samsung Electronics reports 95% plunge in first-quarter profit
Aliyu Tahir, Managing Director, Nigerian Electricity Management Services Agency (NEMSA), gave the warning on behalf of the organisation at the 2023 First Quarter Interactive Session with Energy Reporters in Abuja on Wednesday.
Tahir said the agency was collaborating with the Standard Organisation of Nigeria (SON), security agencies, and other stakeholders to ensure that only standard electrical materials were imported into Nigeria.
He said NEMSA had begun removing such materials across the country, adding that 68,168 substandard materials were removed in 2022.
The managing director said the agency had also set up a task force on monitoring and evaluating existing networks to stem the use of substandard electrical materials.
“Four distribution companies in Abuja, Ibadan, Ikeja, and Eko were monitored by the Tax Force set up by NEMSA last year.
“This year, the monitoring exercise will continue to cover the six other distribution companies in Port Harcourt, Kano, Kaduna, Yola, Jos, Benin, and Enugu.
“The essence of this effort is to maintain stability in the existing electricity networks.
“This is also to stem the use of substandard materials, cables, and equipment in the Nigerian Electricity Supply Industry (NESI),” he said.
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Nigeria’s gas demand to increase by 50% in next 30yrs says NLNG MD
Philips Mshelbila, the Managing Director of NLNG Limited, revealed in a statement during his public address at the 13th edition of the Nigerian Gas Association International Conference held in Abuja that the country’s demand for gas will increase by 50 percent in the next 30 years.
Mshelbila added that the country’s growing gas demand was in the same proportion as its population and that the country needs to improve its infrastructure while at the same time increasing funding from the private and public sectors to harness the country’s huge gas reserves.
“It is no news that Nigeria has a gas reserve of 209 trillion cubic feet, but that would not pull Nigerians out of poverty if we did not do everything we could to bring it out of the ground, get it across to consumers, and then use it to industrialise our economy.
“Demand is growing and will continue to grow by 50 percent in the next 30 years as the population grows,” he said.
Oando, LAMATA kick off its sustainable transport initiative with the delivery of electric mass transit buses
Oando Clean Energy Limited announced on Wednesday its partnership with the Lagos State government to bring to the state its Sustainable Transport Initiative after taking delivery of some electric mass transit buses.
In a statement released by the oil company, the firm said that this initiative is in advancement of a 2022 Memorandum of Understanding it signed with the Lagos Metropolitan Area Transport Authority to enable the successful deployment of an electric vehicle infrastructure ecosystem (electric buses, charging stations, and other supporting infrastructure) in the state.
Oando added that, alongside the electric buses, Yutong Bus Co. Limited, responsible for their manufacturing, will also deliver charging stations and spare parts necessary for a successful and effective operation.
Assembly passes Delta creative industry development fund bill, others
The Delta House of Assembly on Wednesday passed the state Creative Industry Development Fund Bill and six other bills.
The passage of the bills followed the adoption of a motion by the Majority Leader, Ferguson Onwo at plenary presided over by Speaker Sheriff Oborevwori.
The bills which were sent to the house by Governor Ifeanyi Okowa for consideration.
The bills included the State School of Marine Technology Burutu Amendment Bill, the State Polytechnic, Burutu bill, and the State School of Technology Amendment Bill,
Others included a bill for a law to designate May 29 of each year as the State thanksgiving day and a bill to amend the State High Court Law 2021.
Presenting the bills, Onwo said that the Creative Industry Development bill when passed, would enable the state to establish a creative industry development fund which would encourage Public-Private Partnerships and provide incentives for creative entrepreneurs and workers.
Onwo said that the creative industry also had the potential to contribute significantly to the economic growth of the state. (NAN)
Samsung Electronics reports 95% plunge in first-quarter profit
Samsung Electronics Co Ltd reported a 95 percent plunge in first-quarter profit on Thursday as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
The world’s top maker of memory chips and smartphones as of 2022 said operating profit fell to 640 billion won ($478.6 million) for the January-March quarter, from 14.12 trillion won a year earlier.
That was in line with the company’s own estimate of 600 billion won earlier this month. (Reuters)
