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Reviewing Ogbonnaya Onu’s Avowal On Methanol Fuel Production in Nigeria

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Nigeria’s Minister of Science, Technology and Innovation (STI), Dr Ogbonnaya Onu, on 24th August 2021 in Abuja, organized a road-show to sensitize Nigerians on the imperative of boosting methanol fuel production technology in the country.

Dr Onu who spoke during the sensitization outing, disclosed that developed countries were gradually reducing their reliance on crude oil and placing much emphasis on cleaner and renewable sources of energy.

The clamour for cleaner energy sources, Onu noted, was in line with the “Nationally Determined Contributions (NDCs) of countries, of which Nigeria is a part, under the 2015 Climate Change Paris Agreement.

“The immediate impact of these initiatives is a reduction in the global demand for crude oil.’’

The minister who harped on value addition to abundant natural resources in order to strengthen the economy through revenue generation pointed out that Nigeria was more of a gas nation with huge deposits.

He stated that methanol, which remained useful and applicable in more than 1,000 different products used by people every day in various places of work, homes, factories, schools, hospitals and virtually everywhere, involved value addition.

The minister explained that methane which forms the bulk of natural gas could be converted into a new very useful chemical called methanol.

He said, “We can now see that methanol is the only way that we are going to use our gas by adding value, changing its state and converting it into something that is very useful and finds application in virtually all aspects of our economy.

“Innovation is at the heart of our ability to find a solution that is economically, environmentally and socially sustainable, that is why methanol-driven economy is beneficial in many areas.’’

Dr Onu listed these areas to include job creation, technology development and domestication, as well as electricity generation, clean household energy services, chemical industry value chain, and reduction in pulmonary diseases, among women and children.

Others were, efficient transportation services, stoppage of gas flaring and achieving environmental sustainability.

The STI minister opined that the benefits of introducing methanol fuel in the country were enormous as it would create over 40 million new jobs, made possible because methanol had a very extensive value chain.

“Every part of this nation will benefit, every segment of the society will benefit whether you are young or old, male or female.

“This is why it is important for us to find a technology which when we introduce into our economy, will help us solve the problem of unemployment in the country.’’

Dr Onu maintained that the technology would help Nigeria employ all those trained in the sciences, humanities, management and others to have jobs to do, saying all these and many more would be achieved while the environment remains protected and managed.

According to him, “Captains of chemical industries are aware that the chemical industry is one of the least developed in the country, as virtually all the chemicals used in our factories are currently imported from other countries.

“With the introduction of methanol, manufacturers will use it as a feedstock for several product lines. As a fuel in the transportation sector, it is cheaper than PMS (Petrol). It is more friendly to the environment, has higher octane rating and enhances the performance of vehicles.

“Furthermore, methanol can be blended with PMS at 15 per cent methanol and 85 per cent PMS and this blend can be used in all vehicles without requiring any significant modification.’’

He clarified that cooking with wood, charcoal and kerosene to a large extent constituted a serious threat to human health, forests and vegetation leading to deforestation, adding that methanol, being a cheaper and a cleaner fuel, would help solve these problems.

In view of all these benefits, the minister called on entrepreneurs and investors in the private sector to invest in methanol production, as other stakeholders agreed with him, stating that methanol could be an alternative to conventional transportation fuels.

They stated that the benefits of methanol include lower production costs, as methanol was cheap to produce relative to other alternative fuels.

According to them, methanol possessed improved safety since it had a lower risk of flammability compared to gasoline, therefore consenting that methanol production was important because pure methanol was an essential material in chemical synthesis.

They opined that its derivatives were being used in great quantities for building up a vast number of compounds, among them, many important synthetic dyestuffs, resins, pharmaceuticals, and perfumes.

It’s noteworthy that many researchers and scientists across the globe have argued that though hydrogen has been proposed as a clean alternative fuel source because it could be produced from water, a methanol economy presents several advantages over a hydrogen economy.

Methane, unlike hydrogen gas, is an abundant natural energy source. Hydrogen gas is dangerously more volatile than methanol at 64.7 degree Centigrade, with a boiling point of -253 degree Centigrade.

As a result, hydrogen is much more costly and complicated to store and transport, but importantly, methanol as a liquid can be seamlessly incorporated into present infrastructure.’’

This was possible because methanol could even be mixed into gasoline and dispensed from present gas stations into flex-vehicles. It is a particularly attractive alternative for conventional transportation fuels due to its low cost of implementation, low risk of flammability and toxicity, and potential to reduce pollution emissions and dependence.’’

One could wonder why after many months of this campaign by the STI minister, the government is yet to invest heavily in methanol fuel production, even when all the needed resources are readily available in the country.

The bane of Nigeria’s economic plight is inability of the governments to overcome glaring challenges while the remedies are obviously smiling at them on a daily basis.

Tekedia Capital Invests in Exchange, to Digitize Real Estate Investment Trusts in Nigeria

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DOHA, QATAR - DECEMBER 21: Jordan Henderson of Liverpool lifts the FIFA Club World Cup trophy following his team's victory during the FIFA Club World Cup Qatar 2019 Final between Liverpool FC and CR Flamengo at Education City Stadium on December 21, 2019 in Doha, Qatar. (Photo by Francois Nel/Getty Images)

We often do not come here to commend the government people. But truth be told, the current team in Nigeria’s Securities and Exchange Commission (SEC) has been amazing. I want to publicly commend them for their practical approach to regulation. In the past, it used to be a nightmare. But recently, they have improved with productive channels which simplify things.

My special commendation to the Registration Exchanges, Market Infrastructure & Innovation Department. Because of the confidence I have received from your messages with Ugo Peters, our entrepreneur working to digitize real estate REIT,  we invested in his business to fractionalize real estate investment in Nigeria.

Our vision is to give people the opportunity to benefit from investing in income-producing real estate, allowing them  to own or finance properties the same way they invest in other industries, through the purchase of stock, within our exchange: “REITs provide a way for individual investors to earn a share of the income produced through commercial real estate ownership – without actually having to go out and buy commercial real estate.”  With that, even someone with N500 can “invest” in the most expensive real estate project in Nigeria.

We are bringing blockchain technology in it and the SEC has been super supportive on this mission. On the strength of its quality regulation, Tekedia Capital has provided the first institutional fund. We do believe we can unlock housing opportunities in Nigeria. The startup will launch later in the year; it has already signed up an enormous amount of properties which will go live once the final SEC approval comes.

As a Nigerian in the diaspora, we understand what we need to push funds into the nation. This exchange will help many invest in real estate with higher confidence, superb transparency and velocity on alpha.

Tekedia Capital invests in all sectors, focusing on how technologies will improve the domains. For example, we are in the oil & gas downstream sector through TradeGrid, building construction via CinderBuild, moving into real estate with this investment. Simply, if we see how tech can work in a sector, we come in because we’re sector-agnostic. Our close to 60 startups demonstrate that philosophy.

Comment on LinkedIn Feed

Comment 1: There are handfuls of tech based products coming up in the real estate space, because with all the choas and scam there, it makes enormous sense to bring tech at scale.

With the right legislation, all the velocity we would like to witness in the property market can happen faster than we expect. Keep them coming…

My Response: We think technology will sanitize that sector. It is harder to “negotiate” with tech than humans when the demons posses. We did that in the downstream oil and gas via TradeGrid and those issues have been fixed for our customers. We’re doing same in building construction sector via Cinderbuild. In all these firms, we see that tech helps. Real estate is the big one and I am confident we will get it right. UGO PETERS is working with experienced compliance team and I have personally joined some of their SEC meetings. The goal is clear: transparency and visibility will grow this sector.

Nigeria Football Federation Contracts New Head Coach For Super Eagles

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The Nigeria Football Federation (NFF) issued a press statement on Sunday, 15th May 2022, announcing it had contracted a 62-year-old Portuguese, Jose Peseiro, as the Head Coach of the Super Eagles.

The detail of the contract agreement between the NFF and the newly announced Super Eagles Coach is as follows:

It was gathered Peseiro would receive $70,000 monthly, over N29mn, from which he would pay his two incoming personal assistants.

It was also gathered that the NFF was signing for just a year’s deal with the new Coach with an option for another year depending on how things turn out in the initial 12 months.

Among other clauses in his contract included that, Peseiro was expected to watch 60 per cent of domestic league games as he had been mandated to discover home-grown talents for the national team.

While a handful of other coaches were equally shortlisted for the Super Eagles job, Peseiro in the end reportedly turned out to be the cheapest option.

Sources familiar with the NFF’s recruitment process disclosed that other coaches that could have been hired for the national team were either not affordable or not available for the job.

“A number of other coaches were also contacted but it is either the salary they were asking for was too high or they were not even favourably disposed to a national team job at the moment.

“Peseiro turned out to be the cheapest option for the NFF and that was why they settled for him.”

It’s noteworthy that this was the second time the NFF is announcing Peseiro as the Head Coach for Nigeria, having hurriedly done the same on the eve of the commencement of the Africa Cup of Nations tournament in Cameroon.

Then, it was announced that the Portuguese would be an observer while Austin Eguavoen would be solely in charge of the Eagles at the continental tournament.

The ‘appointment’ of Peseiro by the NFF was, then, contained in a communique issued after the NFF’s executive council meeting held on December 29, 2021.

However, a few weeks after the announcement, Peseiro revealed that talks to handle the three-time African champions collapsed due to financial queries and clauses in the proposed contract.

It’s worthy of note that Peseiro would be the first Portuguese sportsman to manage the national team.

José Vitor dos Santos Peseiro, 62, is a Portuguese who played as a striker in his days. He has to his credit wide and varied experience in coaching clubs and national teams across four different continents, including Europe, Asia, Africa, and South America.

An educationist with a degree in physical education/sports sciences, Peseiro has top-level coaching qualifications and training, and has coached at Sporting Lisbon, FC Porto, Panathinaikos, and Rapid Bucharest.

He also had stints at Sporting Braga, Victoria Guimaraes, Al-Hilal, Al-Wahda, Al-Ahly Cairo, Sharjah FC, and Real Madrid, as well as serving as Head Coach of the Saudi Arabia and Venezuela national teams, respectively.

Though well-travelled and with vast experience, Peseiro appears to have more sack letters than trophies, but it would be out of place to outrightly conclude he would not succeed with the Super Eagles.

From Panathinaikos to FC Porto, and to Braga and even Saudi Arabia, it is on record that there has hardly ever been any happy ending wherever he had found himself as regards his coaching business.

Meanwhile, the Portuguese tactician has some notable moments winning silverware, with the last being the league title with Al-Ahly.

He is saddled with rebuilding the Nigeria team to a formidable status and his first outing would be leading the Super Eagles for the upcoming tour to the United States of America (USA).

Over there, the three-time African champions slugged it out with Mexico and Ecuador, in prestige friendlies.

Any rational Nigerian that thinks good of Nigeria, or means well for the country, wouldn’t hesitate to wonder why the NFF decided to settle for a foreign coach at a time when everyone is concerned about the needed actions to promote our domestic products.

Aside from this, for the fact that the country’s economy is currently dwindling, is enough reason to worry over the attraction of the NFF towards a foreign coach. It’s really worrisome that we have apparently lost interest and hope on our own, and this is the bane of Nigeria’s economic plight.

The Words from the Future King And Leaving Nigeria for Naija

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I visited a family member who lived in his property in Owerri. The man who would later become the king of Owerri asked me: “Ndubuisi, how are you doing with studies in FUTO?” I responded: “Sir, Abacha is causing problems in Nigeria. He is making things very hard”.

Immediately, he corrected me: “Ndubuisi, your Abacha now is FUTO and you need to do well, graduate with good grades, etc. Leave Abacha for us”.

That conversation remains evergreen. Yes, one needs to know what his “real problems are”, and then work to deal with them. This is not to say that young people should not pursue causes and activism. But the key thing is this: understand when you can make impacts.

Simply, your sentences cannot start and end with Buhari 24/7 because  on most of the issues, you have no control over them. Spend some of that energy on things you can control.

I like young men and women who live in Naija – they are better than those living in Nigeria. Some do not pay so much attention to the mess, focusing on building their startups and being in control of what they can control. They do pay attention occasionally, but the Abuja mess is always under control, in their minds. They put the mess where it belongs!

Win your mind on Nigeria; move to Naija.

Source

There are many comments here on this posy, read them.

Why Strict Punishment Should Be Meted Out To Those Responsible For Deborah’s Death

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On Wednesday, May 11, 2022, a 200-level student of Shehu Shagari College of Education in Sokoto state, by the name Miss Deborah Samuel Yakubu was gruesomely lynched by her colleagues over alleged blasphemy.

This act infuriated a lot of Nigerians who strongly condemned the act and demanded justice for Deborah. Amnesty International (AI), the Christian Association Of Nigeria (CAN), and the human rights writers association of Nigeria (HURIWA) all condemned the dastardly act.

President Muhammadu Buhari also ordered that there should be a probe into the incident to ensure that those responsible for Deborah’s death are seriously punished. CAN youth wing (YOWICAN) on the other hand did not fail to write a petition to the inspector general of police (IGP), Usman Baba Alkali, urging him to commence an investigation into Deborah’s death.

Currently in Nigeria, the death of Deborah is still a trending issue that has caused a lot of arguments and rifts among netizens. Such callous acts can only be carried out by barbarians who have no regard for human lives, yet they claim that it doesn’t go contrary to their religion.

Putting religion aside, those who killed Deborah, went against the country’s constitution by unlawfully killing a life. Enshrined in the constitution, every person in Nigeria has a right to life. People cannot be killed except in four (4) extreme circumstances provided by the Constitution of Nigeria.

  1. Where there is a valid order of the court in respect of a criminal case, ordering that a convict be executed.
  2. When a person is killed by another person in self-defense.
  3. Where a person is killed during a lawful arrest or in the process to prevent the escape of a lawfully detained person.
  4. Where a person is killed from a reasonable and necessary force applied by the law enforcement agencies to suppress riot, insurrection, or mutiny, it may be lawful killing.

Looking at all these laws aforementioned as enshrined in the Nigerian Constitution, there is nowhere it states that a citizen has the right to kill another over blasphemy. This signifies that those responsible for the death of Deborah have committed a serious punishable offense under the law.

Also, a look at the religious side of their actions, the Muslim media practitioners of Nigeria (MMPN) and Muslim rights concern (MURIC) stated that such an act was anti-Islam, also stressing that it is a criminal offense in the shariah of Islam for any group to take laws into their hands. Where then do these mischievous beings get the doctrine that permits one to be killed over blasphemy? One can only ask.

Why Strict Punishment Should Be Meted Out To The Offenders

There have been condemnations from different groups and also the presidency, frowning at such a dastardly act. Why is it good that they have condemned such acts? However, It is not enough, as strict actions must be carried out against those individuals responsible. The government should ensure that the law takes its full course without any interference from any person or body.

These offenders should be treated according to what the law demands without enjoying any privilege from authorities, ensuring that they are seriously dealt with to serve as a deterrent to those who will want to emulate such callous acts.

Punishing the offenders I believe will reduce such useless killings over blasphemy, because others who have the same ideology, will have it at the back of their minds that such an act is not only inhumane but also a punishable offense. The government must ensure that there is no delay in executing proper punishment on the culprits which should be made visible for everyone to see. They must understand that justice delayed is justice denied.

If according to the law their punishment requires death by hanging or life imprisonment, the government should not hesitate to execute it immediately. The matter should not be swept under the carpet, because this country has a track record of sweeping cases under the carpet which has caused a lot of problems.

Presently in Nigeria, as a result of the failure of the government and security agencies to punish various offenders for carrying out different dastardly acts, such callousness has given birth to terrorism and banditry, because as long as the state fails to bring such criminals to book, the society will continue to suffer from their actions.

This implies that the government should use these culprits as a scapegoat, to send warnings to others who might want to replicate such. Failure of the government to do that will only encourage such killings, which can result in war if care is not taken. This Deborah tragedy must be used as a cue to put a permanent stop to faith-induced murder in our land.