Thursday, 1 February 2018


Dr. Emmanuel Ibe Kachikwu
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has renewed the Federal Government’s commitment to end gas flaring by 2020.

The Minister, who gave this assurance in the monthly bulletin of Organisation of the Petroleum Exporting Countries (OPEC), said Nigeria’s desire is to end gas flaring 10 years ahead of the 2030 United Nations deadline on flare out. According to him, Nigeria is about 70 per cent compliant on gas flare exit, and hopes to take away the other 30 per cent within the 2020 deadline.

Speaking on the gas policy, he said: “We are going to try and change our dynamics from being an oil producing country to being a gas producing country, because that is really what we are. Now we need to move from policies to directives. We need to  get people back; we will define what the oil policy is, define what gas policy is, and people can have some predictability in terms of the business they are doing, and you begin to see a lot of them come back.”

The Minister also identified the downstream as an area requiring urgent attention, in which a directive had been up and running by 2019. He said many teams have been set up to deal with the issues, and there is a lot of financing interest, adding that “infrastructure is a major gap in the oil industry in Nigeria, so we need to think outside of the box.”

Regarding the upstream, Kachikwu said there are about three to four big projects where the final investment decisions (FIDs) have been taken without giving further details, adding that it was just a matter of finding the funding and getting going.

He said that from the perspective of the Nigerian petroleum policy, which is all embracing, “we showed the structures of the industry, we have shown the business models we are going to embrace to deal with environmental issues, that has been passed as far as up to the Council.” (Guardian)

Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more:

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below: