By; BAYO AKAMO, Ibadan
The Asiwaju Odo O’odua Worldwide and Chieftain of the All Progressives Congress (APC) in Oyo State, Asiwaju Rotimi Ajanaku has disclosed that Federal Government is committed to its initiative of promoting gas as an alternative to petrol and diesel.
In his goodwill message at the virtual presentation of Innovation Award of Excellence in Petroleum Service Station, Liquified Petroleum Gas Plant Engineering Design, Construction and Installation 2020 to Moahz Oil & Gas Limited by the Institute of Oil & Gas Research & Hydrocarbon Studies, Asiwaju Ajanaku said towards this, the federal government has set a target to achieve a 40% energy switch from the consumption of petrol, kerosene and diesel to the use of LPG in 10 years.
According to the APC Chieftain, ” without qualified, experienced, competent and trustworthy engineering organizations to handle the Installation, repair and maintenance of oil and gas equipment investors will be discouraged and the new Federal Government initiative on promotion of gas as an alternative to petrol and diesel would be in jeopardy.”, he said.
” We shouldn’t forget, the federal government has set a target to achieve a 40% energy switch from the consumption of petrol, kerosene and diesel to the use of LPG in 10 years”, he said.
Asiwaju Ajanaku added, “under the arrangement, efforts are being intensified to promote the wider use of LPG in vehicles, households, power generation and industrial applications towards the attainment of five million metric tonnes domestic utilisation and creation of an estimated 500,000 job opportunities nationwide in five years,”
” I’m short of words, this is an outstanding feat at this hard period when businesses are finding ways of recovering from Covid-19 losses and Nigerian youths are confronted with unemployment, and many businesses are folding up.”
The APC Chieftain described Engr Ojo Abdulqadir as ” a friend and brother,”, saying, he has distinguished himself as Nigeria Economy revolutioner, as a reformer and changer.”
” I commend Moahz Oil & Gas Limited for maintaining high and quality standard which the organisation is known for. In fact, Moahz is the reason why someone like me invested in Oil and Gas sector of the economy,” .
The Asiwaju Odo Oodua commended the CEO of Moahz Group of Companies, Engineer Ojo Abdulqadir for making competency and reliability the watchwords of his organization, adding that the award given to Moahz was a deserving one. creating employment opportunities and boosting Nigeria economy.
Engineer Ojo Abdulqadir while speaking on the award, expressed gratitude to God, clients of Moahz Oil & Gas Limited and the organizers of African Oil & Gas Globe Awards 2020 promised not to relent but intensify more efforts to ensure more investors troop in to enjoy underutilized opportunities in petroleum business.” The Minister for Petroleum had in January last year inaugurated committee on National Gas Expansion Programme (NGEP) in furtherance of the domestic gas expansion programme of the Federal Government. NGEP was assigned to ensure the effective implementation and take-off of this initiative and also save the nation the much-needed foreign exchange expended on imported fuels by providing alternatives to petrol, diesel and kerosene. We are expecting more people to convert the fuel of their vehicles and electricity generators to gas”, he said.
Engineer Abdulquadri added, “there are still many rooms for investors to come into gas business, presently we have less than 12% of the estimated number to serve the country. There are many companies in business now that have access to CBN loans, uptakers. With advancement in new technologies, gas business is becoming more attractive and lucrative making it a clean business for everyone to venture into, more so, kerosene is messing up and the price is skyrocketing, whereas, gas is safer and economical,”