Tag: demand

  • GenCos reduce generation to 2,669mw over low-load demand

    The Nigeria Electricity Supply Industry (NESI) recorded a drop in its production on Independence Day as its generation was 2669Mega Watts (MW) on that day.

    From the Daily Operational Report that the Independent System Operator of the Transmission Company of Nigeria (TCN) posted on Monday, the electricity market had on the previous day recorded 89,043.86 MWH (3,710mw).

    But the peak generation for that day was 4,376.90mw, while the lowest generation was 3,225.40mw. The daily report indicated that the highest system frequency was 50.89Hz, while the lowest system frequency  was  50.17Hz.

    According to the report, highest voltage recorded was 354Kv and the lowest voltage recorded was 300kv.

    The Nation however gathered that the dip in generation occured on Saturday due to low load demand by the electricity  Distribution Companies (DisCos).

    The daily report of Saturday indicated that as at 06:00hours, the Gencos produced 3,535.1mw, but  the DisCos demanded for  2,672.6mw.

    The report added that as at “00:18hours, Delta GT20 was shut down due to low load demand by the DisCos, resulting to a Load loss of 70megawatts. Also as at 01:41:00hours, Sapele NIPP GtI was shut down due to low load demand by the DisCos, resulting in a Load loss equivalent of 68.5mw.”

    According to the report, as at “02:25hours-20:26hours, Delta GT15 was shut down due to low load demand by DisCos, resulting in a load loss of 80Mw.

    According to the report, Omotosho gas GT7 was sap with the GT8 as Omotosho GT8 was shut down and 25mw was transferred to GT7.

    The same day, said the report, Olorunshogo gas increased generation by 40Mw.

  • Abductors of Edo APC chieftain demand N20m ransom

    Abductors of the Chairman of the All Progressives Congress (APC) in Akoko-Edo Local Government Are of Edo State, Deacon Henry Ashofor, have demanded the payment of N20 million ransom to release him.

    Ashofor was reportedly abducted last Saturday near Aiyetoro community on Igarra-Ibillo road while returning from a ceremony.

    Another party chieftain in the area confirmed that the abductors called their victim’s wife on Sunday morning.

    The politician, who spoke in confidence, said Ashofor’s wife begged to pay N600,000 but they refused.

    It was gathered that the Akoko-Edo APC Ward 3 Chairman, Mr. Arnold Shadrach, was released same Saturday after spending some days with his abductors.

    The Secretary to the Otaru of Igarra, Elder Folorunsho Dania, said life was no longer safe in the locality.

    He said: “But the police here are handicapped. They have no vehicle, no personnel. What we are saying is that the good work the governor is doing should be complemented by the Federal Government by sending down a military base to Igarra.

    “Our economic life has been destroyed; farmers don’t go to farm these days. There is no week we don’t experience these things up to four times.

    “The activities of these hoodlums have become so worrisome. They are dare devilled and blood thirsty. Almost on a daily basis, they carry out their heinous crimes. Deacon Ashofor was kidnapped on Saturday on the same route where they carry out their crimes.

    “Just last week, a retired head teacher was kidnapped on the same route. Few days back at Okpe Junction, people who were coming from a function were attacked by gunmen. The four tyres of their vehicle were shattered. Few months ago, two retired matrons from the General Hospital were kidnapped in Igarra. We have not even recovered from the robbery in which several lives were lost.”

  • Gunmen demand N15m ransom for Catholic priest

    The parish priest of Emmanuel Catholic Church, Oviri-Okpe in Okpe Local Government Area of Delta State, Rev Christopher Ogaga, has been abducted.

    The abductors of the cleric have demanded N15 million ransom for his release.

    It was gathered that Ogaga, who is the priest of two other parishes of the church – St Luke’s Catholic Church, Oviri Okpe, and St Jude’s Catholic Church Aghalopke – is also the head teacher of St. Peter’s Clavers College, Aghalokpe.

    A source told The Nation that the cleric was abducted on Saturday night while traveling to Warri to help the parish priest of Mother of Redeemer Catholic Church, Airport Junction, Effurun, in the three masses slated for Sunday morning.

    The source said Ogaga was driving on the Arava-Oviri-Orere-Okpe Road, the normal route to Warri, when he was seized. No one could identify the exact part of the road where he was abducted.

    “He left the house and he was heading to Warri through Arava-Oviri-Orere-Okpe Road. That is the route he used to take to Warri. We are suspecting that he might have been kidnapped along this route.

    “He was driving alone when the incident happened because he usually travels to Warri alone on Sundays. We were supposed to go with him that Saturday but we did not go with him,” the source said.

    Police Commissioner Muhammad Mustafa said the command had begun a search for the abducted priest.

    He added: “Yes, we are searching for the kidnappers. The cleric was kidnapped two days ago.”

  • Groups demand Riverine governor

    A coalition of non-governmental organisations in the riverine areas of Rivers State yesterday signed a pact to work for the emergence of a governor from the riverine area in 2019.

    The coalition numbering over 50 different  youth bodies,  came together to found the group, -“the  Rivers Conscience”, a platform to fight the course.

    At the ceremony held in Port Harcourt, the state capital  yesterday, the people said that for almost 20 years of return of democracy, the riverine indigenes of the state have been grossly marginalised in the leadership equation of the state but insisted that the cheating will no longer go on come May 29, 2018.

    The convener of the event, Dason Nemieboka of “New Frontiers of Rivers”, said: “The upland and The riverine has been enshrined in Rivers politics since 1958 Willinks Commission Report and has been so respected through the governorship regimes of the state, even till date; wherein riverine indugenes have been subjected to playing second fiddle but insisting that, that will no longer continue, as time is overdue for them to produce the number one citizen for the state.

    “It is worrisome to all men of conscience and decency that after almost twenty years of civil rule, from 1999 to date, no riverine man or woman has been elected into the highest of Governor of Rivers state.

    “Riverine people of Rivers in all three Senatorial Districts have come to the incontrovertible truth that we must, together, strengthen the narrative for political justice and equity. We have consulted extensively. Personal, ethnic and political party interests are now laid on the altar for ultimate demand of a Riverine Governor.

    The coalition, in its call to key stakeholders in the Rivers political space, appealed among other demands, that, “Desperate and selfish aspirants and candidates should know that there could be another opportunity if reason and wisdom is applied.

    “All Riverine people in any political party foreclosed from contesting  2019 Governorship election must resign and locate other parties to exercise their right to contest.

    “Nigerian press should set the tune of the discourse and sustain a healthy political debate that would further entrench true democracy in Rivers State.

    “We also call on the sitting Governor of Rivers to respect the constitution of his party PDP which stipulates the Rotation of Elective Positions including office of the Governor, in the spirit of equity, justice and fairness.

    “Finally, we  call on the entire good people of Rivers State to follow their conscience not the propaganda”, while also challenging INEC and security operatives to ensure level playing in next Rivers governorship election come 2019.

    Clearing any possible insinuation of witch-hunting in their quest for any particular ethnic group in the state said,  “The agitation is not anti-Ikwerre,  anti-Ogoni, Etche,  Ogba,  Ekpeye or against anybody.

    “It is in the long term interest of all Rivers people and indeed Nigerians that we sustain the fair and reasonable formulae bequeathed to the fire-bearers,  which is rotational governorship.

    “Our focus and mandate is to create stability and even development,  by ensuring that all sections,  ethnic groups and people in the commonwealth called Rivers state is guaranteed equal access to power, development and empowerment at all times.”

  • Developing countries to lead oil  demand growth till 2040, says OPEC

    Developing countries to lead oil demand growth till 2040, says OPEC

    The Organisation of Petroleum Exporting Countries (OPEC) has said developing countries will lead oil demand growth in the next two decades.

    In its 2017 World Oil Outlook launched in Vienna, the cartel said oil demand is expected to grow in the developing countries, especially Asian and the Middle East countries by almost 24 million barrels per day (bpd), to reach 67 million bpd by 2040.

    The report said:“Total primary energy demand is set to increase by 35 per cent in the period to 2040 and oil is expected to remain the fuel with the largest share in the energy mix throughout the forecast period to 2040.

    “Long-term oil demand has been revised upward by 1.7 million barrels per day compared to the World Oil Outlook  of 2016, with total demand at over 111 million barrels per day by 2040. There is no expectation for peak oil demand over the forecast period to 2040.

    “Developing countries will continue to lead demand growth, increasing by almost 24 million bpd to reach 67 million bpd by 2040. The long-term demand growth comes mainly from the transportation sector – road transportation (5.4 million bpd), petrochemicals (3.9 million bpd) and aviation (2.9 million bpd)”.

    According to the report, oil demand in the road transportation sector is driven by the increasing car fleet in developing countries and declining oil use per vehicle in the Organisation for Economic Cooperation and Development (OECD) countries. The car fleet is anticipated to change smoothly over the forecast period. In the passenger car segment, electric vehicles are estimated to represent 12 per cent of the car fleet by 2040.

    It said: “Non-OPEC liquids supply is forecast to increase from 57 million bpd in 2016 to 62 million bpd in 2022, but in the long-term non-OPEC liquids output is anticipated to see a decline, dropping to 60.4 million bpd by 2040, with United States (US) tight oil estimated to peak just after 2025;

    “The demand for OPEC crude is anticipated to expand to  41.4 million bpd by 2040. The share of OPEC liquids in total global liquids supply is estimated to increase to 46 per cent by 2040, from 40 per cent in 2016.

    “Around half of the estimated refining capacity additions are expected in the Asia-Pacific, which is projected to add 9.5 million bpd by 2040. Capacity rationalisation remains a long-term requirement, with some 6-8 million bpd of closures indicated as needed by 2040 if refining regions are to maintain utilisation rates of at least 80 per cent.

    “Global crude movements are expected to increase by around 6.5 million bpd between 2016 and 2040, mostly supported by Asia-Pacific imports and Middle East exports. In the period to 2040, the required global oil sector investment is estimated at $10.5 trillion”.

    Speaking during the launch, Director, Research Division of OPEC, Dr. Ayed S. Al-Qahtani, said: “The multi-faceted nature of the oil industry and the continued interdependence of all nations; the impact of the ongoing market rebalancing process, specifically on the medium-term outlook; that oil will remain a fuel of choice for the foreseeable future; that security of supply and security of demand are very much two sides of the same coin; and the importance of exploring and evaluating the possible challenges, uncertainties, as well as opportunities, the industry might face.”

  • WAPCo’s gas supply dips by 50% as demand falls

    Reduced demand, pipeline vandalism and inadequate supply have made gas supplies by the West African Pipeline Company Limited (WAPCo) to drop by over 50 per  cent to 70 million standard cubic feet per day (mmscf/d) from the 150mmscf/d capacity.

    Its Managing Director, Mr. Walter Perez, disclosed this during the company’s Agenda for Vendors Forum with its contractors and customers in Lagos. The firm transports 70mmscf/d to its customers.

    He said the sub-regional gas transporting firm has the capacity to transport about 150mmscf/d, but noted that it could only transports 70mmscf/d being the total order placed by its customers. “However, if the request increases, we will transport more,” he added.

    Perez said: “We have the capacity to transport over 150mmscf/d, but what we carry depends on our customers. Vandalism of pipelines had also affected the volume of gas transported before but lately, the volume had come back to normal.

    “Debt is an issue too. We are having debt challenges from some of our customers but the company is working with countries involved to resolve it.

    “Also, there are challenges of non-availability of gas, and during such periods, our customers used to look for alternatives, but our suppliers now have more than enough.”

    The WAPCo chief said the forum was held to enable the company interact with its service providers. “We do this across countries that we operate in. We have done one in Ghana early this year. We will soon hold another one in Togo and Benin. It is to create a safety environment for our vendors and let them know how we operate,” he added.

    WAPCo is a limited liability company that owns and operates the West African Gas Pipeline. It has its headquarters in Accra, Ghana, with an office in Badagry, Nigeria, and field offices in Cotonou, Benin, Lome, Togo, Tema and Takoradi, both in Ghana.

    The company is a joint venture between public and private sector companies from Nigeria, Benin, Togo and Ghana. It is owned by Chevron West African Gas Pipeline Limited (36.7 per cent), the Nigerian National Petroleum Corporation (NNPC) (25 per cent), Shell Overseas Holdings Limited (18 per cent), and Takoradi Power Company Limited (16.3 per cent), SocieteTogolaise de Gaz (two per cent) and SocieteBenGaz S.A. (two per cent).

  • OPEC sees surplus, lower demand for oil

    OPEC sees surplus, lower demand for oil

    The Organisation of Petroleum Exporting Countries (OPEC) yesterday said its oil production jumped in June and forecast world demand for its crude will decline next year as rivals pump more. It pointed to a market surplus next year despite an OPEC-led output cut.

    Giving its first 2018 forecasts in a monthly report, the oil cartel said the world will need 32.20 million barrels per day (bpd) of crude from its members next year, down 60,000 bpd from this year.

    It said its oil output in June rose above the demand forecast, led by gains in Libya and Nigeria, two members exempt from the cut aimed at eliminating excess supply. Its officials nonetheless remain upbeat on the outlook.

    “We remain very optimistic (about) helping the market to rebalance itself,” OPEC Secretary-General Mohammad Barkindo said at an industry conference in Istanbul.

    Oil rose above $48 a barrel yesterday as a United States (U.S.) report of falling inventories in the U.S. raised hopes that the glut is easing.

    OPEC referred to an “ongoing rebalancing” of the market.

    Under the supply deal, it is curbing output by about 1.2 million bpd, while Russia and other non-OPEC producers are cutting half as much, until March next year.

    The group’s production has increased in recent weeks, in part due to the recovery in Libya and Nigeria, which were exempted from the supply cut as domestic conflict had curbed their output.

  • Demand for indigenous products soars

    Demand for locally produced goods and replicas soars high as consumers continue to search for cheaper alternatives to imported and genuine products which are higher in price.

    Investigations by The Nation revealed that the request for locally manufactured products as substitute to the expensive foreign goods cuts across most sectors of the economy.

    Also, as the purchasing power of consumers dwindles, people are equally showing preference for good replicas as against the original products which prices are higher.

    Mr. Akinwole Hassan, the shop manager of Addidie supermarket branch at Surulere Dopemu, while bemoaning drop in patronage, said the supermarket chain has increased their stock of locally manufactured goods which seem to be cheaper.

    He, however, noted that there are certain consumers who still insist on buying some of the foreign products which they are used to even though the prices of such products have appreciated.

    “There are people who cannot do without certain things even though the prices of such products have gone high. Some people in that category try to limit their shopping but the very rich among them still maintain the same level of shopping.”

    At Blenco supermarket, another fast growing supermarket chain, well known for stocking up on foreign goods, the lady manager of the Akowonjo branch, who craved anonymity, said that there was a big drop on sales, adding that consumers demand for indigenous products was soaring high.

    Pointing to the shelf, directly in front of her table, she urged the reporter to look at it, noting that everything on that shelf was virtually locally made snacks. The shelf was fully stacked with different brands of chin-chin, cashew nuts, various varieties of popcorn, plantain chips, potato chips, corn chips, cheese balls, amongst others.

    At the Ikeja Shopping Mall and Palms Lekki, the story was the same. Shoprite started displaying locally made products as consumers’ requests for them increased.

    Though some traders usually display different brands which attract different prices, investigation at various motor parts markets showed that traders now display the genuine product and the replica side by side for consumers to make a choice.

    “This is the original Bosh wiper selling for N1,200 a pair, while a pair of pair of the replica costs N500,” explained the trader who thought the reporter was an intending buyer.

    On why they were openly displaying the replica and even selling it openly, the trader explained that a majority of the customers prefer the replica, which is cheaper, adding that they usually argue that “Wiper is wiper, both the original and duplicate do the same work.”

    But are they the same thing? asked the reporter. “Of course original one will do a better job and last longer but my job is to sell and I can tell you that the fake one sells faster and we make more profit.”

    It is the same with fashion products and accessories. A trip to the famous Balogun Market in Lagos Island revealed tons of female and male clothing, which seemed to have been hurriedly sewn, being sold by traders. Some of the traders lined the road with heaps of clothing trying to get the attention of consumers.

    Female dresses which looked relatively okay, sold for between N1200-N1,400, and female skirts sold for N600-N800. The American and UK equivalent of the same wears sold for about N10,000 while the skirts went for about N6,000.

    In the area of cereals, for instance, most consumers now buy locally made cereals like Daily Delight, Golden Morn, Milo whole grain from the stables of Golden Penny and Nestle Foods Nig. Ltd instead of imported Kelloggs products, etcetera. Also, made in Nigeria corn flakes, and some brands from South Africa, are getting consumers’ attention.

    Though far from being the same in shape and taste, those local ones also taste good and are of high quality.

    A pack of 900g of Daily Delight cereal was about N750. 1kg of Golden Morn sold for about N1200 while the Milo whole grain, 320g went for N880.

    To substitute for imported tea like Tetley, Twinings, etcetera, most people are going for various Lipton variants and Top Tea from Unilever and Promasidor companies.

    For imported chocolate drinks like Ovaltine or foreign made Bournvita, etcetera, people now patronise local alternatives like locally made Holicks, Bournvita, and Milo from Nestle Nig, and Cadbury.

    Most of our baby foods are imported and packaged in Nigeria. These are Aptamil, 800g selling for N7,600, SMA Gold N3,250 for 400g, Lactogen, Friso Gold 400g for N2,180, Nutistart Cow and Gate 400g selling for N2500; Thrive 400g, N3500 and the others.

    For these baby foods, a majority of the consumers now demand different variants of pap, nicely packaged by Grandios and selling at N200 for 100g and N450 for 500g. Of course they also request for custard.

    When it comes to women affairs, imported Ultra panty liner and Magnetic Energy sold for N1,700 but most ladies now go for the good alternatives in the form of Dr. Brown panty liners and Always which went for N300 and N350 respectively.

    In terms of food items like spaghetti, some imported ones are Bonita, 500g selling at N350. Gino 500G sold for N500 but Nigerian ones of the same size from Dangote and Golden Penny sold for N200.

    The good news is that locally manufactured products previously shunned by consumers are now finding their ways into people’s homes.

  • ‘Lagos expanding facilities to meet water demand’

    The Managing Director of the Lagos Water Corporation (LWC), Mr. Muminu Adekunle Badmus, has said the government is expanding water facilities to meet the demand of 540 Million Gallons per Day (MGD).

    Badmus, an engineer, who spoke at the weekend at the corporation’s headquarters in Ijora, Lagos, said the expansion led to the inauguration of the Otta-Ikosi Regional Waterworks that produced 4MGD in May last year, with 80.32km pipes between Agbowa and Itokin.

    He went on: “These include Ado, Agbowa, Ago-Hausa, Ago-Owu, Ajebon Orugbo, Iganke, Ikosi, Odo Ayandelu and Otta Ikosi. In the same month, the corporation inaugurated Mosan-Okunola Mini Waterworks, which produces 2MGD with 5.0km-pipe network/reticulation in Mosan Okunola Local Council Development Area (LCDA). This is serving Abesan Estate, Baruwa and neighbouring communities.

    “The government recently approved the commencement of the development of Odomola Water Scheme II that will produce 100MGD water plant and the reticulation of the primary, secondary and tertiary distribution within the Odomola service areas, such as Lekki Phase 1, Dolphin, Victoria Island-Saka Tinubu, Victoria Island Annex, Ikoyi-Alexander Road, Ikoyi-Club Road, Badore, Epe 1 and Epe II. This project will be executed on Public Private Partnership (PPP) basis.”

    Badmus said the Governor Akinwunmi Ambode administration was executing the construction of Adiyan Water Treatment Plant Phase II with 70MGD capacity, which would serve about 3,000,000 people by providing potable water, adding that it would be completed soon.

    “When completed, it will serve Ikotun, Idimu, Isolo, Agege 1 & II, Ajegunle, Lagos West, Amuwo Odofin, etc.”

    He said there was a plan on the upgrade/expansion of Ishasi Waterworks to 35MGD to serve Ajangbadi, Iba, Ijegun-Egba, Otta-Awori, Ketu and adjoining communities.

    According to him, reticulation was ongoing from Isiwu (Otta Ikosi area) to Ikorodu to boost water production.

    “This will also serve Ikorodu and neighbouring communities.”

  • Nonsensical demand

    •Senators’ desire for 20% of national budget is another ridiculous move

    The latest from the Senate with respect to lawmaking is a bill to appropriate 20 per cent of annual federal budget to Constituency Projects to be implemented by lawmakers.

    The bill, introduced by Stella Oduah-PDP Anambra has, after scaling second reading, been referred to the Joint Committee on Finance and Appropriation. If this bill becomes law, the National Assembly (NASS) will reserve for its projects N1.4 trillion out of the budget of N7.3 billion for 2017. Currently, money transferred to lawmakers for constituency projects (and which had been the subject of controversy from its inception) is N100billion for the 109 senatorial districts and 360 federal constituencies, which amounts to 1.5 per cent of the federal budget.

    It is puzzling that over three decades after the country’s adoption of the presidential system, members of the 8th Senate, like others before them, still appear unable to understand the essence of the country’s democratic system. One indispensable feature of the presidential system is separation of powers which seeks to achieve balance of power by separating executive functions of service delivery from legislative and oversight functions of the legislature. With this bill, ensuring balance of power is breached. And the checking and balancing to protect citizens’ security, liberty, and wellbeing is under threat.

    The argument by members of the senate that NASS needs to be given special power to attend to the needs of 70 percent of citizens in the rural areas is vacuous and ridiculous. It fails to recognise that the constitution empowers the executive to deliver service to the whole country – rural and urban. It is, to say the least, shameful that the senate has chosen to follow this pedestrian or puerile argument to justify introduction of the bill. This type of reasoning that gives the impression that the executive is incapable of governing the rural part of the country is self-serving and trivialises democratic debate.

    By choosing to saddle itself with planning and implementing 20 per cent of the nation’s budget, the senate signals that it is ready to compromise the constitution and throw public ethics away. It is unethical for a body that is authorised to provide oversight for planning and implementation of the budget to suddenly transform itself into a budget implementing agency .Such legislation is bound to cause conflict of interest for legislators in their new capacity of both supervisor and implementer of budget.

    Furthermore, it is embarrassing that the senate appears unaware of many other implications of insisting that the body be empowered to appropriate parts of the executive’s functions. In a federation, it is improper for federal lawmakers to take over functions reserved for subnational levels of government: states and local governments. There is no constitutional role for federal lawmakers to build feeder roads, dig boreholes, provide sewing machines, etc. Such services belong to the executive in the states and local governments.

    Admittedly, there are countries currently practicing Constituency Development Fund Scheme in Africa and some parts of Asia, Zimbabwe, Kenya, Pakistan, the Philippines, etc. That the constitutional conventions in these countries tolerate this practice does not justify introducing it to erode separation of powers in Nigeria. Therefore, The Nation calls on the senate to get its act together. The body seems to be losing focus by the day. If it is not finding ways to put its members on lifelong pension, it is seeking to seize 20 per cent of the nation’s budget to allow its members take over some of the functions of the executive.

    We also warn of the danger inherent in the senate’s attempt to turn its power to make laws into acquiring additional powers that can subvert the principle of separation of powers, the hallmark of the country’s presidential democratic system. The desire of the National Assembly to take over executive functions can lead to legislative dictatorship and erosion of powers of subnational governments by a federal legislature that seeks to endow itself with powers not given to it by the constitution. Any bill that can compromise separation of powers in a presidential system is a bill to avoid.