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Nigeria To Import Fuel From Niger Republic

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Nigeria may soon start importing fuel from the Republic of Niger as the latter plans to evacuate its excess petroleum products.
Niger Republic’s minister of petroleum, Mr. Foumakoye Gado, is in the country to sign the African Petroleum Producers’ Association (APPA) Statute, which will make Niger become a bonafide member of the association.

Gado told journalists during the signing ceremony yesterday in Abuja that Niger’s present refining capacity is 20,000 barrels of oil per day, out of which the country can only consume 7,000 barrels, an equivalent of 1.113million litres of fuel, while the excess of 13,000 barrels, an equivalent of 2.067million liters of fuel would be exported to Nigeria.

The minister who spoke through an interpreter said, “We currently refine 20,000bpd and we consume only 7,000 barrels leaving an excess of 13,000 barrels. We hope to evacuate the excess to Nigeria. That is the major reason we are here.

He said the country in 2011 signed a contract for the commercialisation of crude production, adding that a feasibility study has been concluded to commence oil exportation which would boost its crude production from the current 20,000bpd to 60,000bpd.

He adding, however, that Niger presently does not have any specific target country for its crude export, but said it would be done according to international standard.

The minister who was accompanied to the event by Niger’s ambassador to Nigeria, H.E Mansourmanan H.D, explained that his country resolved to join APPA, despite being a small oil producing nation, in order to tap into the experience of other member countries and ensure that her oil prospecting is a source of blessing to the country and not a resource curse, based on lessons learnt from other countries.

While noting that the association’s objective will impact on the country’s technical know-how and help build local capacity, Gado said his country will ensure that oil proceed is used to accelerate development. He said the country would begin the construction of its oil export pipeline which will be routed through Cameroon in 2013, after which exportation will commence in 2014 or 2015.

The permanent secretary in the Ministry of Petroleum, Engr. Goni I. Sheikh, who represented the minister of petroleum, Mrs. Diezani Alison-Madueke, while welcoming Niger to the association, noted that signing the APPA Statute was mandatory for all member countries who wish to benefit fully from oil and gas exploration through the association’s support.

He said the objectives of the association include the promotion of cooperation among member countries in hydrocarbon exploration, promotion of technical assistance, coordination of marketing policies and strategies as well as studying ways of providing assistance to the oil importing African countries to meet their energy requirement.

While expressing optimism that the opportunity will further strengthen the bilateral relationship between Nigeria and Niger Republic, Sheikh added that the association operates a fund which is dedicated to financing studies and projects in the hydrocarbon and energy sector of APPA member countries.

Source: Leadership Newspapers

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7 Comments

7 Comments

  1. Mr Brian

    April 28, 2012 at 6:38 am

    Ridiculous! Nigeria importing petrol from Niger. The first shall become the last. On the other hand dont be suprised, the oilwells and refineries may be owned by Nigerians.

  2. Enter your name... Maxwell

    April 28, 2012 at 10:39 am

    Let us pray . Oh God of creation . What i just read there is a complete disgrace to us as nigerians . In your wisdom give us a Nigeria with a purposeful leadership that has nigerians at heart . Leadership that will make Nigeria one of the best place on planet earth to reside in . A president that makes nigerians the pride of Africa .

  3. Wayas

    April 28, 2012 at 9:20 pm

    It’s really embarrasing, but we must not 4get dat Nigeria/Nigerians take delight in importation. Should Niger b an exception?

  4. Mutana faruk

    April 28, 2012 at 10:05 pm

    I prefer an arm robber to a liar, because telling lies is a sign of munafikun (hypocricy) which can metamorphose to armangendon and hopeless future. I dislike any body who can not be judged and predicted by his or her words. What do we have in Nigeria today? A president who tells lies. Whatever he says can not be relied on. This is just the beginning, let the fresh air dry the atmosphere and its habitats. This is the result of sentimental judgednent.

  5. Emmanuel

    April 29, 2012 at 9:00 am

    God bless nigeria

  6. don

    April 29, 2012 at 3:55 pm

    We pray that God should deliver us from bad leaders.what a disgrace, seing nigeria importing fuel from niger.another business ideas from some of our corrupt leaders to secrectly divert the nations wealth.instead of building nigeria, they want to start building niger because they came from there.since there is no border control, they are still coming in large number into nigerian politics as they have always did before now, taking the realms of power for the purpose of destroying nigeria and building niger were they came from.the original nigerians in power should be wise enough to deport them to niger.but why cant we build our refinaries,to refine by ourselves?we should beware of bad nigerians in government in power.

  7. WAZObia

    June 18, 2012 at 2:16 pm

    @Mutana faruk, u have said it all. good for us, our selfishness and sentiments will never bring us anything good. On the other hand, Nigerian government did not go their to buy, they came to offer the excess they have and honestly, if they have excess in equivalent 1.113million of fuel, has Nigeria being able to meet domestic demand? even when they meet, you can only get it in Black Market.
    However if we can get at good price, I dont see anything wrong and you people keep underestimating other countries and think they will never get what we have. God that bless us has not forsaken them.
    I bet you Niger is more discipline than Nigerian, especially that it was a French colony (coded law country).
    THERE IS OIL EVERYWHERE WE BETTER KNOW THIS NOW, THE DIFFERENCE IS THE QUANTITY.
    Niger may God help una ooo, make e no be like Nigeria own.

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Sports

The potential for iGaming in Nigeria uncovered

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There is a growing positivity surrounding the Nigerian iGaming industry. As the nation breathes a collective sigh of relief following the announcement of the African Continental Free Trade Agreement (AfCFTA), it’s hoped that many burgeoning industries such as the world of iGaming can be allowed to flourish and bring much-needed tax revenues to the country.

Many analysts within the iGaming industry believe Nigeria has the potential to become Africa’s iGaming hub. Its domestic market is already forecast to be worth $2 billion, due largely to sports betting and the fascination with Nigerian soccer stars overseas like Odion Ighalo at Manchester United. Meanwhile, the domestic penetration of smartphones is also recognised, with some 83% of the population now owning a mobile device.

Nigeria was also a major focal point during this year’s SBC Digital Summit Africa, which was understandably conducted virtually earlier this month. Ahead of the summit, experts enrolled in the event were asked to vote on which African country offered the best foundations for iGaming operators to thrive. Nigeria outperformed every other nation, with 31% of all votes labelling Nigeria as the country with the highest potential to make a real
success of its domestic iGaming sector.

Even South Africa, which has a well-established domestic iGaming market, ranked second with just 28% of the vote. Prospective Nigerian iGaming operators should certainly take a leaf out of the book of South African iGaming brands, many of which have cultivated a strong customer base through the use of incentives and sign-up bonuses. The vast majority of offers available at platforms like Casinos.co.za, direct gamers to the safest and most reputable
platforms.

One of the main reasons that industry experts believe in Nigeria’s iGaming potential is that it already boasts an engaged target demographic. Many of its young adults are already betting on sports like soccer and boxing, and there is a feeling that introducing them to casino gaming verticals would not be too difficult a stretch. Marry that with a growing number of smartphone users, which is predicted to reach over 140 million people by 2025, and you can
see the potential for iGaming apps and web applications to provide immersive, secure gaming
on the go.

Presently, the country has three separate bodies responsible for licensing online betting activities – the Nigerian Investment Promotion Commission (NIPC), the Special Control Unit against Money Laundering (SCUML) and the National Office for Technology Acquisition and Promotion (NOTAP). At the time of writing, online betting at a domestic Nigerian site is strictly prohibited by law. Loopholes regarding offshore operators make it possible for
Nigerians to play elsewhere, but it seems somewhat short-sighted for the Nigerian government to steer clear of creating its own regulated, revenue-making iGaming industry.

In a nation of substantial population, supporters of developing a domestic iGaming industry in Nigeria believe that the most would be a positive step, creating new career opportunities for everyday people. This could be in customer support, game development or any other facet of an iGaming operator. All the while, generating tax revenues for the Nigerian government and helping to breathe new life into the domestic economy.

There is a general feeling that Nigeria’s gaming industries tend to follow the same path as South Africa’s. The SBC Digital Summit Africa revealed that there has been a “seismic shift” from sports betting markets to casino games in the last eight months, including live dealer tables, that’s according to Sean Coleman, CEO of the South Africa Bookmakers Association.

Live dealer games seemingly “appeal to millennials” across South Africa. Dean Finder, CEO of Evolution Services SA believes the fact that live dealer games are “not gender biased” is an opportunity to reach out to female players, which are an often “unserved market” across Africa.

For these trends to follow suit in Nigeria, operators will need to build further trust in their
games and regulatory measures to curry favour with the country’s legislature.

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Metro News

Femi Otedola Reacts To Lekki Tollgate Shooting

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Femi Otedola Finally Reacts To Lekki Tollgate Shooting
Femi Otedola

Femi Otedola

Nigerian businessman, Femi Otedola has finally reacted to the shooting that took place at Lekki Tollgate, Lagos on Tuesday.

Information Nigeria recalls men dressed in military wears opened fire on unarmed #EndSARS protesters, who convened at the area.

Otedola took to his Instagram page on Sunday to commiserate with the families of those who lost their lives in the unfortunate incident.

Sharing a photo of the Nigerian flag, he wrote;

“The horrors that have been unfolding in our country have left me filled with sadness. I deeply commiserate with those who have lost their loved ones and as a father, I share the sentiment of my three daughters who protested in Lagos and London. As a young boy of 16, I participated in the ‘Ali Must Go Protest’ of 1978, so I understand the determination of our youths who rightly want our country to be better. We must all do our part to make Nigeria great! I will continue to do my own quota in providing for those who are most in need of support in our country in these tough times .…F.Ote💲”

Read Also: Femi Otedola Spotted Dancing With His Children (Video)

See his post below:

Otedola’s post

Otedola’s post

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Metro News

“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” – Brother Claims

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“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” - Brother Claims
Oke

Oke

Information Nigeria recalls a graphics designer identified as Oke, was killed hours after tweeting “Nigeria will not kill me” on Wednesday.

It was reported that the young man had passed away after he was hit by a stray bullet.

The deceased’s younger brother, Daniel has come out to clear the air regarding the circumstances leading to his death.

Daniel revealed his brother was stabbed on the neck by thugs who infiltrated and ransacked their home.

In his words;

Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze @O_Okee . I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State.

Today at about 11 o’clock in the morning the police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house.

 The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing this they set their sights to the barracks and began the assault, they proceeded to destroy every car in the barracks, my mom’s 2 cars where destroyed and set on fire and then they infiltrated our house by breaking the door they then proceeded to ransack the house and carted away with everything we own. 

 my brother on trying to get them to take everything but spare us was pushed to my mom’s room and stabbed on the neck, the attacker then proceeded to attack me but missed my neck but got my chin instead, after this my mom and I carried my brothers body to the entrance of the station soliciting for help from the thugs still ravaging the barracks, we were finally able to put him in a wheelbarrow and took him to a hospital where he was rejected because “he was already dead” unfazed we moved him to another hospital where he met the same treatment this was where he bled his last drops of blood and died, his body has now been moved to a morgue

we have lost every single thing we own, as our house was completely ransacked and set on fire the only thing left is my brothers phone and at about 8 o’clock this evening the barracks was still on fire but Okechukwu has paid with the ultimate price

I and my mother are homeless with nothing now but we’re safe for now, we thank everyone that has been able to reach out to us, and were able to share consoling words with us in these trying times, God bless you

While we were holed up in the house the three of us said these words together and we say it again ” THREE OF US ARE HERE, THREE OF US ARE TOGETHER, THREE OF US ARE SAFE”

Let it be known that my brother @O_Okee  was NOT killed by a police bullet but died a hero protecting my mother and I.

If you see this please retweet, let the world know how Okechukwu died. He was NOT killed by a police bullet but thugs in his home!”

Read Also: RIP Oke: Barely 3hours After Tweeting “Nigeria Will Not End Me” #EndSARS Protester Dies From Gunshot

See his post below:

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