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Seplat’s Energy Transition Plan for National Growth Gets FG's Endorsement Emmanuel Addeh in Abuja Seplat, Nigeria’s foremost indigenous oil & gas company has disclosed its readiness to champion the quest to improve Africa’s energy access by repurposing its operations with a focus on cleaner energy. The indigenous oil concern said this flowed from the decision to make sure that the country was

committed to carbon neutrality upon the realisation that something must be done by everyone concerning decarbonisation. This emerged even as the government has pledged to partner the company to achieve its energy transition plan, comprising the universal access to energy by 2030; zero carbon emission by 2050; and industrialisation to alleviate poverty

and drive economic growth, The Vice President, Prof. Yemi Osinbajo, who was at the second Seplat Energy Summit, held at the Transcorp Hilton, Abuja, recently, where the company transitioned to an energy company with renewables and cleaner energy the priority, described the move as laudable. He stated that the company had put the right foot forward, adding

that the company, along with others would assist the country to meet its net-zero emissions plans by 2050 through the COP26 Energy Transition Council (ETC) process. Represented by the Minister of State for Environment, Sharon Ikeazor, Osinbajo said Nigeria’s energy transition cannot be limited to incremental steps but transformational ones.

“Nigeria needs a broader set of policies that must align with energy security, which must foster a smooth energy transition across various levels of energy demands, and gas will continue to play a critical role in Nigeria’s energy transition which will create lots of opportunities in Nigeria’s energy value chain. “Over the next decade, every

energy segment in Nigeria will be affected by this shift in energy supply and demand, ’’he stated. Seplat Energy Plc's Chairman, Ambrose Orjiako, said to achieve the cleaner energy provision goal, the company plans, along with its associates, to replace all of the wood people use in homes with the use Continued on page 11

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Nigeria to Commence Local Production of Weapons, Says President

Directs Defence Ministry to take initiative Set to deemphasise over-dependence on foreign supplies Assures of completion of key projects like second Niger bridge before leaving office

Deji Elumoye in Abuja President Muhammadu Buhari, Monday, stressed the readiness

of the federal government to deemphasise dependence on foreign supply of military weapons to fight security challenges facing the nation

by commencing local productions. To this end, he has instructed the Ministry of Defense to create a modest military industrial complex

for the local production of weapons to meet some of the requirements of the country's armed forces. The President made this dis-

closure in his opening remarks at a two-day Mid-Term Ministerial Performance Review Retreat, organised to assess progress made

towards the achievement of the nine key priorities of his Administration. Continued on page 11

In Break with Buhari, Osinbajo Wants Naira Devalued to Market Rates Analysts urge caution, say local production, exports way out of FX crisis Adesina: $15bn annual investment required to bridge infrastructure gap

James Emejo and Olawale Ajimotokan in Abuja In a major break with President Muhammadu Buahri who has consistently opposed the devaluation of the naira, the Vice President, Prof. Yemi Osinbajo, yesterday openly advised the Central Bank of Nigeria (CBN) to adjust the naira exchange rate “to be as reflective of the market as possible to boost supply.” Past efforts to persuade the president to allow the adjustment of the exchange rate had met a brick wall. Continued on page 11

...POLITICAL NOTES The retreat provided a platform for both Osinbajo and Adesina to showcase themselves, leaving many wondering if it was a quasi-presidential debate. Is Osinbajo running? Is Adesina running too? There are indications that some PDP leaders may be wooing Adesina as their southern presidential candidate. THISDAY will keep you posted…

WHO IS PERFORMING AND WHO IS NOT?...

L-R: Speaker, House of Representatives, Femi Gbajabiamila; Vice President Yemi Osinbajo SAN; President Muhammadu Buhari and Senate President, Ahmad Lawan, during the first day of the 2-day Mid-Term Ministerial Performance Review Retreat at the State House, Abuja … yesterday

2023: No Rift Between Tinubu, Osinbajo, Says Ojudu... Page 10