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Africa Energy Bank: Assessment team takes final inauguration step

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The Federal Government and the African Export-Import Bank (Afreximbank) have assessed the country’s readiness ahead of the commencement of operations of the Africa Energy Bank (AEB) in Abuja.

Heineken Lokpobiri
Mr. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil)

A statement issued on Thursday, February 13, 2025, by Nneamaka Okafor, Special Adviser, Media and Communications to Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), stated that the assessment followed the visit of Dr Benedict Oramah, President, African Export-Import Bank (Afreximbank).

According to the statement, the visit/assessment was in furtherance of ongoing engagements towards the commencement of operations by the Africa Energy Bank, a landmark initiative expected to transform the continent’s energy landscape.

“The establishment of the bank is a collaborative move between Afreximbank and the African Petroleum Producers Organisation (APPO), which will see the bank take off with an asset base of $5 billion.

“It is projected to grow to $120 billion in five years’ time, marking a significant milestone in Africa’s quest for energy security and sustainability.

”Afreximbank, as a key partner, is transferring her full equity investment in the oil and gas sector, underscoring its commitment to driving energy infrastructure development across the continent.”

Okafor quoted Lokpobiri as reiterating during the meeting, Nigeria’s strong support for the AEB and its pivotal role in unlocking Africa’s energy potential.

He called on industry stakeholders to engage proactively and explore the vast opportunities this initiative presents.

“The bank represents a bold step in ensuring that Africa controls and finances its energy future. It is an avenue for stakeholders to invest in a self-sustaining energy sector that will drive industrialisation, job creation and economic prosperity.

“Nigeria, as a leading oil and gas producer, is well-positioned to leverage this transformative initiative. We encourage industry players to seize this opportunity to invest in Africa’s energy future,” the statement quoted Lokpobiri as saying.

Following the discussions, the minister and Afreximbank president proceeded to the AEB Headquarters for an inspection to assess the level of readiness ahead of the commencement of operations.

The visit provided first hand insights into the bank’s operational preparedness and strategic alignment with Africa’s broader energy development goals.

Speaking on the significance of the AEB, the Afreximbank President, Oramah, emphasised the bank’s role in bridging Africa’s energy financing gap.

According to him, the establishment of the AEB is a game-changer for the continent.

He commended Nigeria for taking the bull by the horn in hosting the AEB headquarters and expressed confidence in Nigeria’s oil and gas portfolio, as it would not only benefit the sector, but would guarantee immediate benefit for Nigeria.

The bank was initially scheduled to commence operations January this year.

By Emmanuella Anokam

Carbon-rich peatlands are dangerously under-protected, says study

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A new study released on Thursday, February 13, 2025, reveals that peatlands – a vital carbon store that many people have never heard of – are dangerously under-protected, putting the global climate at risk.

Peatlands
Peatlands

Covering just 3% of Earth’s surface, these terrestrial wetlands store 600 billion tons of carbon – more than all the world’s forest biomass combined – yet only 17% of peatlands fall within a protected area.

That figure stands in contrast to the levels of protection afforded to other at-risk ecosystems, including mangroves (42%), saltmarshes (50%) and tropical forests (38%). Meanwhile, nearly one-quarter of the world’s peatlands are under heavy pressure from human encroachment, with farming the largest threat globally.

The new study, “Mismatch Between Global Importance of Peatlands and the Extent of their Protection,” which appeared on Thursday in the journal Conservation Letters, offers the first global assessment of the conservation status of the world’s peatlands. These wetlands accumulate partially decomposed organic matter, preventing the release of billions of tons of carbon dioxide (CO2) to the atmosphere. But peatlands emit that CO2 when they are drained, disturbed, extracted or removed completely to access resources (e.g., mining or forestry) or to convert them to other uses, such as farmlands.

“This study is a real benchmark of where we are in terms of the conservation and management of peatlands globally,” said Kemen Austin, Ph.D., lead study author and director of science at the Wildlife Conservation Society. “Our research reveals that these vital ecosystems don’t have anywhere near the level of protection they need.”
 
The authors note that release of peatlands’ stored carbon leads to dangerous levels of greenhouse gases. Failure to protect peatlands puts their carbon stores at high risk and could also endanger global supplies of freshwater, as peatlands contain 10% of the world’s unfrozen freshwater. They are also rich in biodiversity – containing a variety of mosses, flowering plants, birds, snails, fish and butterflies.

Countries with the most peatlands include Canada, Russia, Indonesia, U.S., Brazil, Democratic Republic of the Congo, China, Peru, Finland and Republic of the Congo. These 10 countries contain 80% of global peatlands. And the first five contain 70% of global peatlands.

The study reveals that at least one-quarter (27%) of global peatlands fall on Indigenous Peoples’ lands, where they have been safeguarded by these communities. Globally, the study reports that at least 1.1 million square kilometres of peatlands lie within Indigenous Peoples’ lands and that more than 85% of peatlands within Indigenous Peoples’ lands do not fall within other types of protected areas.

According to the authors, strengthening the land rights of Indigenous Peoples can confer significant benefits for the peatlands – as well as other ecosystems – they manage.

“Our study reveals a really powerful fact – that Indigenous Peoples are already important caretakers of peatlands,” said Paul Elsen, Ph.D., study author and director of conservation planning at the Wildlife Conservation Society. “This is significant because it means that we can improve peatland conservation by strengthening Indigenous People’s land rights, which is a trend that we’re already seeing in a lot of countries. So, we have to keep up those efforts.”

Peatlands under pressure

The study reveals that nearly one-quarter of peatlands are under heavy pressure from human encroachment. Some 15% of peatlands have been drained for agriculture, while an additional 5-10% are degraded in some way, including through the removal of their native vegetation. This rate is even higher in the tropics, where estimates suggest over 40% of peatlands have been degraded. In some cases, peatlands are drained and burned, emitting enormous amounts of carbon into the atmosphere. Between 1.5 and 2.5 billion tons of greenhouse gas emissions are emitted from disturbed and damaged global peatlands every year.

The study also shows that almost half of temperate and tropical peatlands that fall within protected areas are still subject to medium to high pressure from human encroachment. The authors conclude that “the conservation and sustainable management of nearly all remaining undegraded peatlands, and the recovery of nearly all degraded peatlands, is essential to limiting global warming to 1.5°C.”

Though many local communities have long known peatlands – also called bogs, fens, swamps, mires and muskeg – to be important sources of freshwater and home to diverse plant and animal species, peatlands may have gone unprotected because they are remote, difficult to access, not always easily converted to farming, mining or other industries, and have been thought of as unproductive wastelands.

“The multilateral climate change negotiations hosted by the United Nations Framework Convention on Climate Change offer an important opportunity to elevate peatland conservation actions as a climate priority,” said Austin. “But based on the nationally determined contributions countries have submitted to date, the continued disturbance and damage to global peatlands is getting very little attention as a significant and avoidable source of greenhouse gas emissions.”

With some exceptions – such as Indonesia and the UK – most countries do not have comprehensive peatland strategies to support their national climate plans.

And while some countries emphasize the importance of peatlands in their climate plans, they can still face challenges translating these peatland goals into coordinated policies and conservation actions.

“Peatlands offer a huge opportunity for helping to solve the climate crisis,” said Austin. “If we act now to conserve peatlands, then we can reap some enormous benefits – at a relatively low cost.”

Shell, Bayelsa unveil plan to protect Taylor Creek Forest Reserve

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The Shell Petroleum Development Company of Nigeria Limited (SPDC Joint Venture) and the Bayelsa State Government inaugurated the Gbaran Biodiversity Action Plan (Gbaran BAP), last week, in which more than 150 people from Taylor Creek Forest Reserve communities were trained in alternative livelihood skills to reduce exploitation of resources at the forest.

Igo weli
General Manager, Corporate Relations Director of SPDC, Igo Weli

The trainees acquired skills in aquaculture, bee keeping, goat rearing, snail and cassava/plantain farming and grasscutter technology and were given packs to start their businesses.

“SPDC is well placed to contribute to the protection of Taylor Creek Forest reserve having successfully implemented similar programmes at Gele-Gele and Urhonigbe forest reserves in Edo State,” said SPDC Director and Head, Corporate Relations, Igo Weli, in a speech delivered in Yenagoa by Corporate Relations Manager West, Amechi Ucheoma.

“With the support of our joint venture partners – NNPC Limited, TotalEnergies and Nigeria Agip Oil Company – we have decided to embark on the latest biodiversity action plan to continue to support the government and people of Bayelsa State in order to maintain the balance of nature at Taylor Creek,” added Weli.

Bayelsa State Commissioner for Environment, Ebi Ben-Ololo, commended SPDC Joint Venture for its commitment to the action plan.

He said: “The state government is interested in the success of the project and is ready to provide support. Strict laws would be enforced against illegal logging and this discipline will provide sanity on the environment, the earth, and Bayelsa State with sustainability.”

He warned the trainees against selling their starter packs, adding: “Together, let us forge ahead with determination and resolve, united in our mission to protect and nurture the rich biodiversity of our land. May our collective efforts yield fruitful results and serve as a beacon of hope for a greener and more sustainable future.”

SPDC Joint Venture commenced the Gbaran Ubie Biodiversity Action Plan in 2016 with consultations involving community representatives, regulatory agencies, subject matter experts and non-governmental ogranisations (NGOs). Implementation of the plan began in 2019 and included training of forest guards and nominees from Okordia and Biseni clans on alternative livelihoods skills and planting of trees. The implementation strategy was revised in 2023 as Gbaran BAP Expansion, which saw a refresher programme for the 151 trainees to sustain the reforestation initiative.

Biodiversity Action Plans are based on the United Nations Convention on Biological Diversity, which held in Rio De Janeiro, Brazil in 1992 and aim at protecting and restoring biological systems, especially threatened species and habitats. SPDC says it has been working closely with the International Union for Conservation of Nature (IUCN) to protect areas such as nature reserves, wilderness areas and habitats for certain species in the Niger Delta.

Corporate accountability group demands reinstatement of rusticated Nasarawa varsity students

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Corporate Accountability and Public Participation Africa (CAPPA) has condemned the intimidation and rustication of more than 25 students by the Nasarawa State University, Keffi (NSUK), over a planned demonstration. The group demanded their immediate reinstatement and an end to thie perceived crackdown on student activism in Nigeria.

Nasarawa State University
Nasarawa State University, Keffi

NSUK suspended the students for one academic session on charges of “criminal conspiracy, inciting public disturbance, and cyberbullying.”

Their only offence, according to CAPPA, was being members of a WhatsApp group created last year to discuss and mobilise for a peaceful protest against the university’s introduction of a third semester and imposition of an additional fee of ₦20,000 per course for registering and resitting “carry-over” exams.

Rather than engaging with the seemingly legitimate concerns of students, the university – under the leadership of Prof. Sa’adatu Liman – resorted to surveillance and coercion as a response, stated CAPPA, adding that the school utilised security operatives to infiltrate the WhatsApp group, monitor conversations, and identify targeted students for administrative and brute discipline.

For participating in conversations in the group, students who spoke to CAPPA said they were tracked, hounded on campus, arrested, handcuffed, and chained at their feet before being dragged to the police station, where their phones were seized. They told CAPPA that they endured harrowing nights in detention before securing bail – only to be slapped with rustication letters in December 2024.

“CAPPA condemns these inhumane actions and the blatant violation of students’ fundamental rights to free speech and peaceful assembly, as enshrined in Sections 39 and 40 of the 1999 Constitution of Nigeria, as amended,” submitted the group in a statement.

It went further: “Sadly, the repression at NSUK is part of a deeper rot. The university’s nullification of its last student union election further exposes its growing authoritarian culture. When the likely result was not going to favour the management’s handpicked candidate, democratic process was simply discarded.

“Higher learning institutions should uphold democracy, critical thinking, and intellectual freedom, providing spaces where students can engage in discourse without fear of retaliation. Instead, we are witnessing an alarming trend where these institutions across the country are rapidly transforming into despotic environments, working overtime to erode student resistance and enforce a culture of silence.

“We are not unaware that the endgame of this deliberate crackdown is to strip undergraduates of critical consciousness, eliminate opposition to the rising cost of education and crumbling learning conditions, and ultimately produce graduates who are nothing more than zombies for the broader society – incapable of questioning or challenging systemic injustices. But what is a society without critical thinkers? A nation that suppresses independent thought and inquiry only breeds conformity, docility, and decay.

“CAPPA stands in full solidarity with all victimised students of Nasarawa State University, Keffi and commends them for taking the initiative to organise against exploitative policies. We call on all stakeholders and unions in the education sector, along with civil society organisations, to speak out against this injustice.

“We demand the immediate and unconditional reinstatement of all suspended students. Furthermore, we urge collective action to halt the growing commercialisation of public education and criminalisation of student organising. This creeping dictatorship in Nigerian universities must be stopped.”

‘It’s shocking only 13 out of 195 countries have updated their NDCs’ – Reactions trail failure to meet UN deadline

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As the official deadline passed on Monday, February 10, 2025, for countries to submit their revised Nationally Determined Contributions (NDCs) under the Paris Agreement, only 13 of the 195 parties did so.

Paris Agreement
Jubilation greeted the adoption of the Paris Agreement in December 2015 in Paris, France. Photo credit: unfccc.int

In a reaction, Tasneem Essop, Executive Director of CAN International, commented: “It’s shocking that only 13 out of 195 countries have updated their NDCs, with the majority of rich nations not submitting on deadline, exposing the alarming lack of political will for ambition under the Paris Agreement. We recognise that developing countries would need robust, grants-based public funding to deliver real additional climate ambition.

“Bold targets alone won’t cut it; NDCs must be backed by the resources needed to make them a reality. For COP30 to be a true turning point in climate action, this new round of NDCs must restore confidence and drive a transformative and just transition – one that leaves no one behind.”

Under the Paris Agreement, every country must update its national climate action plan every five years. These NDC plans outline how nations intend to reduce emissions and adapt to climate impacts to limit global warming to 1.5°C above pre-industrial levels. This year’s submissions should extend their new NDCs to 2030 and outline new objectives for the period up to 2035, setting the tone for a decisive decade of climate action.

The countries that submitted their NDCs on time include Andorra, Brazil, Ecuador, the Marshall Islands, New Zealand, Singapore, St. Lucia, Switzerland, the UAE, the UK, Uruguay, the USA, and Zimbabwe. Among the developed countries yet to submit their NDCs is the European Union, which has indicated it will not do so until September, just weeks before COP30 in Brazil.

David Knecht, climate expert at Fastenaktion Switzerland, said: “The next Nationally Determined Contributions (NDCs) must catalyse community-driven development. At the same time, the NDCs 3.0 need to include concrete fossil fuel phaseout plans, as agreed upon in Dubai, and we expect developed countries to lead on this, as well as on providing direly needed grant-based finance for the global transition. To signal to the world what is needed, countries must speed-up and present soonest NDCs that set the highest expectations.”

Fernanda Carvalho, WWF Head of Policy for Climate and Energy, said: “Nationally Determined Contributions (NDCs) are more than just numbers on mitigation, although numbers are a crucial element. We expect countries to submit NDCs that will collectively deliver 1.5°C alignment and climate justice before COP30. It’s now or never for the planet.”

Climate Action Network has called on developed and rich countries to urgently submit their NDCs in line with 1.5°C pathways and for them to be grounded in climate justice.

As CAN has previously outlined in its Guidelines and its letter to the Troika, for the NDCs to be truly transformative they must:

  • Include ambitious commitments in the energy sector as part of countries’ plans to transition away from fossil fuels, halting the destruction of ecosystems, and other plans for vulnerable sectors.
  • Enable a just transition for communities and workers, with robust social protections.  
  • Prioritise equity and transparency, ensuring climate plans are developed inclusively with civil society and local stakeholders.

However, many of the world’s largest emitters have cited technical issues, economic pressures and political uncertainty as reasons why they have not been able to meet the UN deadline.

EU officials said the bloc’s lengthy process for approving new legislation made it “basically impossible” to meet the deadline.

China has not confirmed when it will release its climate plan.

Unnamed Indian officials have said they are in “no hurry” to release the nation’s NDC and might submit it in the “second half of this year”, according to the Indian Express. They added that India’s NDC will “reflect the disappointment of the climate finance outcome at COP29 in Baku”, a “hint” that it is “unlikely to be a significant or ambitious upgrade of climate actions”.

CanadaJapan and Indonesia have all released draft versions of their 2035 climate plans, but have yet to submit them to the UN. Canada’s plan has faced criticism for setting an emissions pledge that is less ambitious than what its official climate advisors recommended.

Russia has not made any public comments about when it will release its new NDC. Its last major climate update came in 2021, when it pledged to reach net-zero emissions by 2060.

Australia has indicated it will delay the release of its NDC until after the country’s election in May, “in part due to uncertainty about the ramifications of the US presidential election”, the Guardian reported.

At the COP29 climate summit in Azerbaijan in 2024, a group including Canada, Chile, the EU, Georgia, Mexico, Norway and Switzerland pledged to release “1.5C-aligned” NDCs, but did not offer details on how this would be achieved or commit to meeting the February deadline.

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Officials in Mexico – where a new government led by climate scientist Claudia Sheinbaum came to power last year – said it would seek to submit its target around mid-year. South Africa said it aimed to have a new climate plan by around September.

Flooding: Ekiti agency warns residents against indiscriminate dumping of waste

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The Ekiti State Environmental Protection Agency (EKSEPA), on Wednesday, February 12, 2025, warned residents of Otun-Ekiti and environs to desist from further dumping of wastes in waterways, preparatory to expected rainfall.

Biodun Oyebanji
Governor Biodun Oyebanji of Ekiti State

Chairman of the Agency, Chief Bamitale Oguntoyinbo, gave the warning during an inspection of dredging work on waterways in Otun-Ekiti.

Oguntoyinbo said that the objective of his visit, with other board members, was to inspect the work being carried out by the contractor assigned to curb flooding in the community.

“I and my board members are very happy with the level of job done by the contractor, assigned to dredge the waterways between Ijemu and Inisa streets in Otun-Ekiti.

“I want to commend the General Manager of EKSEPA, Mr. Olukayode Adunmo, for ensuring that the contractor handling the job delivers a good job.

“I want to warn residents of Otun-Ekiti and other parts of the state, especially from these two streets, Ijemu and Inisa, in Otun-Ekiti, to desist from dumping refuse in the waterways, especially now, preparatory to rain,” he said.

Oguntoyinbo advised the chairman of Moba Local Government Area, Mr. Bamidele Fadugba, to provide waste bins at designated sites for residents to dispose their refuse at affordable cost.

Also speaking, the General Manager of EKSEPA, Mr. Olukayode Adunmo, said that the objective of the project was to ensure that no flood was experienced in any part of Ekiti in 2025.

Adunmo said the dredging of the waterways of Ijemu and Inisa streets was given priority, to ensure that residents and indigenes living in the area were not affected by flood during the coming rainy season.

“I invited the chairman and board members to the dredging site, to see what the agency is currently doing, to avert flooding in Otun-Ekiti.

“Further objectives of the project are to ensure that no lives or properties are lost to flooding in the rainy season.

“I want to commend our amiable governor, Mr. Biodun Oyebanji, for providing funds to carry out the dredging of the waterways, in all parts of Ekiti.

“Recall that, in 2024, Ekiti did not witness any flooding, simply because the agency was proactive enough, and we are not resting on that,” he said.

By Adedeji Egbebi

IBEDC reconnects UCH after 100 days of power outage

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The Ibadan Electricity Distribution Company (IBEDC) on Wednesday, February 12, 2025, resumed the supply of electricity to the University College Hospital (UCH) in Ibadan after more than 100 days of disconnection.

UCH_ibadan
University College Hospital, Ibadan

Chairman of UCH Joint Health Sector Unions (JOHESU), Mr. Oladayo Olabampe, made the disclosure in Ibadan, Oyo State.

IBEDC had disconnected UCH on Oct. 26 over accumulated debts, leading to series of events which included students at the College embarking on peaceful protests.

The Minister of Power, Chief Adebayo Adelabu, and the IBEDC management had a meeting at the UCH on Monday on the power restoration.

After the meeting, it was resolved that IBEDC should reconnect the hospital within 24 and not later than 48 hours counting from that Monday.

Olabampe said power was restored to the hospital at about 6 p.m. on Wednesday.

He, however, stated that only the service area was reconnected, with the residential area still in total darkness as at then.

“Even though the residential areas use prepaid meters, yet they were disconnected.

“While we agree that the service areas are important, the people rendering the service are equally important.

“The residential areas and commercial areas including banks and schools are disconnected. We have been in darkness for months now, so we feel bad about this,” Olabampe said.

The UCH Spokesperson, Mrs. Funmi Adetuyibi, also confirmed that light has been restored at the clinical area of the hospital.

Part of the conditions given by Adelabu at the meeting on power restoration was that residential areas, commercial areas and College of Medicine could be disconnected.

Adelabu said these areas contributed mostly to the high cost of energy used at the hospital.

By Chidinma Ewunonu-Aluko

NMDPRA seals two fuel stations, gas plant for alleged infractions

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The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed two filling stations and a gas plant in Sagamu, Ogun State, over alleged infractions.

NMDPRA
Members of the NMDPRA surveillance team sealing a gas plant in Sagamu, Ogun State, on Wednesday

NMDPRA Coordinator in Ogun and Surveillance team lead, Mr. Akinyemi Atilola, who coordinated the exercise on Wednesday, February 12, 2025, said that the action was in order to safeguard the lives and properties of residents.

He noted that the monitoring and surveillance action would also curb the excesses of petroleum marketers and continued extortion of unsuspecting customers.

Atilola said that the filling stations were sealed for under-dispensing while the gas outlet was sealed for operating without approval.

Atilola noted that while government preaches domestic gas utilisation for Nigerians, it was important to ensure rules and regulations were followed to prevent potential risks associated with its usage.

He said that his office received a letter from the community where the illegal gas plant was situated and upon visiting the site, they found out it did not have the approval to construct.

The NMDPRA coordinator said that no reasonable government agency would give such a place an approval.

According to him, the site is situated within a densely populated residential area.

“And we are again today to sound a note of warning that NMDPRA will not fold its hands while some people think that they can engage in gas plant construction without recourse and respect to the safety rules for the people around.

“We are out here on surveillance. We also need to know the quantity of fuel that is being dispensed to the masses, to know that they have value for their money.

“You can’t spend money on buying fuel at N959, N980 and still be having shortages; that isn’t good for our economy.

“So many of these stations will be monitored and we will definitely go after whoever is committing any infractions, malpractice in terms of quality, and quantity.

“We will also look at the safety of the stations,” the official said.

He advised petroleum and gas marketers to priortise the issue of safety and conduct their businesses with utmost sense of duty to ensure the safety of all.

Atilola also urged the public to register complaints of filling stations or gas outlets suspected of flouting regulations at its office.

By Yetunde Fatungase

NCDMB boss outlines pillars to African collaboration strategy on local content

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe, has charged sub-Saharan African nations to keep pace with unfolding trends in the global oil and gas industry and adopt a unified approach in strengthening local content development, advancing industrialisation and fostering sustainable continent-wide economic growth.

SAIPEC
Dignitaries at the official opening of the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos

In a Keynote Address at the 9th Sub-Saharan African International Petroleum Exhibition and Conference (SAIPEC), in Lagos, on Tuesday, February 11, 2025, Ogbe said nations like Nigeria, Angola, and Ghana have made notable strides in local content development by boosting indigenous participation in the oil and gas sector, but expressed regret that “fragmented implementation continues to hinder collective progress.”

He called for a collaborative strategy among petroleum-producing nations in sub-Saharan Africa that would foster the sharing of best practices and enhance cross-border partnerships that could drive the competiveness of indigenous players.   

In his paper entitled “Sub-Saharan Africa Local Content Collaboration Strategy,” Ogbe identified harmonisation of local content policies, human capital development, investment in infrastructure, funding for local companies and technology transfer, as key pillars to Africa’s collaboration strategy.

He noted that “there is a need to develop a robust local content framework that positions the region for long-term economic prosperity,” and that this could be fostered “through the collaborative efforts of APPO [African Petroleum Producers Organisation] and the United Nations Economic Commission for Africa and the African Union.”

Ogbe also highlighted the importance of the African Continental Free Trade Agreement (AfCFTA) as a critical legal framework that could be leveraged to achieve collaborative local content strategy in Africa, given the free trade area it has created by integrating 1.3 billion people across 54 African countries with a combined gross domestic product of over $3 trillion.

On human capital development, which he described as “pivotal to the successful implementation of local content,” he observed that approximately 60% of Africa’s population is currently under the age of 25, and that this teeming population provides a unique opportunity to fast-track development.

“A large, young workforce,” he noted, “can drive expansion through increased productivity and expansion.”

The NCDMB boss dwelt at length on how investment in infrastructure could catalyse regional economic growth, citing the 650,000-barrel-per-day Dangote Integrated Refinery and Petrochemical Company, which he noted would afford Nigeria and other African countries partnership opportunities for sourcing petroleum products and fertiliser.

Similar projects capable of leveraging collaborations include Kenya’s Konza Technology City, Grand Ethiopian Dam, Lekki Free Trade Zone (Lagos), and facilities like the SHI-MCI FPSO Fabrication/Integration Yard in Lagos. Others highlighted by the Executive Secretary were NCDMB’s Nigerian Oil and Gas Parks Scheme (NOGAPS) being developed in seven locations in Nigeria, to which he invited interested businessmen and investors seeking to manufacture industry-related equipment, components and spares to apply.

Speaking on funding, Ogbe said: “A regional fund or financial framework that provides credit facilities, guarantees, and investment incentives would strengthen indigenous firms,” noting with satisfaction that an African Energy Bank, established by APPO with the support of the NCDMB, which has taken equity investment in it, is soon to be operational.

In regard to technology transfer and innovation, he pointed out that “encouraging joint ventures, research collaborations, and technology-sharing agreements among African nations will drive the adoption of cutting-edge solutions and indigenous technological advancements in the African economy.”

The overall strategy discussed by Ogbe envisages roles for the academia and research institutions, which must collaborate on industry-driven research, innovations, and skills development. In his words, “By working together, we can create a formidable and self-reliant petroleum sector that delivers long-term benefits for our economies, businesses, and people.”

Earlier on Monday, in a Pre-Event Session, the Director, Monitoring and Evaluation of the NCDMB, Mr. Abdulmalik Halilu, delivered a paper on “Optimisation of Developed Capacities and Capabilities in Africa for the Growth of African Oil and Gas Industry.”

In the presentation, with illustration from Africa’s Hydrocarbon Map, he discussed Local Content Value Proposition for Africa, Concepts, and Way Forward. Under Local Content Value Proposition, he highlighted research and technology development, local employment, strategic partnerships, ownership and control of assets, while Supply Chain Optimisation threw light on sustainable operations, increased production and utilisation of locally made goods, and contribution to GDP.

Under Way Forward for Sector-Specific Industrialisation, Mr. Halilu charged petroleum-producing countries to “identify and develop niche industries, promote specialization and value addition, establish export-oriented economic zones.” For trade and regional integration under AfCFTA, his suggestion was, “Harmonise trade policies and regulations, develop efficient transport and logistics networks, export expansion grant to companies promoting intra-Africa trade.”

Beavers can play role in tackling flooding – UK Environment Agency

Beavers can play a role in tackling flooding, a new assessment from the Environment Agency on how nature can help address floods has said.

Beavers
Beavers

The updated directory summarises the latest evidence for the flood and coastal erosion benefits of 17 natural measures from river restoration to woodlands in catchments and along water courses.

It can also manage saltmarshes and sand dunes.

The Environment Agency said it was “mainstreaming’’ the use of natural flood management alongside the use of traditional engineered defences, with £25 million ($31 million) programme.

It said this is part of the £2.65 billion two-year flood defences package recently announced by the UK government.

The directory would help inform investment decisions and support the selection of measures on the ground, the agency said.

For the first time, the directory draws on research, including more than 700 scientific papers.

It included an assessment of the role beavers, oyster reefs, and underwater seagrass and kelp can play in protecting against floods and coastal erosion.

It finds the presence of beavers, which engineer the ecosystem by building dams and channels which can reduce peak flows.

It also reduces the speed of water flows, increases groundwater storage, traps sediment, connects up floodplains, as well as supports other wildlife and stores carbon.

But it said more evidence was needed, particularly from the UK, in a range of areas such as the number and location of dams in catchments.

Catchments that were needed to have significant flood reduction benefits downstream, and understanding the most effective management and maintenance techniques.

Beavers were hunted to extinction in Britain around 400 years ago, but have made their way back to England’s rivers, through escapes from enclosures and illegal releases, and were given legal protection in 2022.

But conservationists are keen to re-introduce beavers, to create wetlands and river systems that boost an array of other wildlife and militate against drought and floods.

They were still waiting on a government decision about licensing wild releases of the semi-aquatic mammals.

The directory from the Environment Agency also highlighted the use of schemes such as tree planting, showing the value of woodlands across a water catchment.

It reduces the flood risk as well as provides benefits for soil, wildlife and water quality.

Catchment woodlands can reduce the height of flood water, particularly during smaller events with one study in Cumbria suggesting the flow of water was slowed by 14 per cent to 50 per cent compared to pastureland.

The directory highlighted how restoring saltmarsh and mudflats protects coastal areas from storms but also has wider benefits, such as storing carbon and filtering sediments and nutrients.

A managed realignment scheme, where old sea walls were breached to enable the creation of 250 hectares of saltmarsh at Steart Marshes in Somerset, is storing 36.6 tonnes of carbon per hectare.

A recent study found, which compares favourably to woodland.

The directory points to research gaps, for example, the best depth of a reef to help oysters grow at the same time as reducing wave energy, and the best methods for developing such reefs.

Julie Foley, Environment Agency director of flood risk strategy and national adaptation, said.

“With climate change increasing the threats of flooding and coastal erosion, we must work together with nature to boost resilience across the country.

“That’s why the Environment Agency is mainstreaming the use of natural flood management alongside the use of traditional engineered defences.’’

She said the £25 million natural flood management programme was shaped by the “working with natural processes evidence directory.’’

She said the fund was testing approaches to future investment and the delivery of natural flood management.

Kathryn Brown, The Wildlife Trusts director of climate change and evidence, said: “Getting the best evidence to support our collective efforts to build resilience is critically important.

“I’m delighted to see the latest science on natural flood management coming together in one place through the Environment Agency’s evidence directory.

“With a focus on co-benefits and to see new recognition of the role beavers can play in natural flood management.’’

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