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OVH Energy Says Lagos Midstream Jetty to Save Nigeria N43bn Annually

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ASPM Limited, a subsidiary of OVH Energy Limited, achieved a ground-breaking milestone as it launched its Lagos Midstream Jetty (LMJ) located at the Lagos Apapa Harbour.

The Lagos Midstream Jetty is West Africa’s first privately owned mid-stream jetty, conceived by Oando PLC to increase the delivery capacity and offloading efficiency of petroleum products into marketers’ storage facilities in Apapa Lagos.

The Lagos Midstream Jetty is expected to alleviate the perennial infrastructural hiccups experienced in Apapa, eliminating the lightering and demurrage charges currently being incurred by petroleum marketers by NGN8.3 billion ($23m) and NGN9.8 billion ($27m) respectively.

Additionally, the Jetty will reduce discharge time from 21 to 3 days, increasing product availability.

With a draft of 13.5m, Length Overall (LOA) of 210m and a capacity to receive 45,000 DWT vessels (deadweight tonne), the Lagos Midstream Jetty will discharge at up to 800 m3 (cubic meters) of petroleum products per hour.

The Jetty will operate 24 hours a day to supply products into storage facilities situated within the Apapa axis, via a 3km submarine pipeline network linked directly with up to 200,000MT storage belonging to major and independent marketers in Nigeria.

LMJ which is configured to receive all white products namely petrol, diesel and kerosene, consists of a simple horizontal platform, five (5) berthing dolphins, and four (4) mooring points.

In comparison to available jetties, the Lagos Midstream Jetty has the capacity to receive larger vessels of up to 45,000 DWT in one lot thus reducing the current necessity of bringing in smaller volumes of petroleum products in several batches. This will result in significant cost savings on lightering and generate economies of scale advantages for marketers.

Commenting at the launch event Mr Wale Tinubu, chairman OVH Energy, said: “The Lagos Midstream Jetty was conceived as an innovative industry solution to the perennial challenges marketers faced in the importation of petroleum products. Over the past 30 years, marketers have spent approximately NGN1.6 Trillion ($4.5 billion) on lightering, with 90% of this spend flowing out of the country. Today we have delivered a first class piece of engineering that meets global standards, is the first of its kind in sub-Saharan Africa and will be of invaluable benefit to the industry and nation at large.

“I must thank our regulators, bankers and contractors who believed in us from the start. It is a proud moment for Oando PLC who conceived the idea and OVH who have taken up this mantle.  From conception to realisation, the idea of the Lagos Midstream Jetty is now a reality and is indeed another infrastructural success for us, our nation and the continent.’’

Commenting further on the facility, Mr. Deji Osikoya, the general manager of ASPM Limited, a subsidiary OVH Energy, stated “The Lagos Midstream Jetty is an innovative infrastructure investment designed to radically transform the efficiency of Nigeria’s downstream landscape and boost Nigerian’s petroleum downstream economics.  We expect the Jetty to become an extremely valuable and viable portfolio especially for marketers, reducing delays caused by infrastructural limitations in Lagos, thus improving marketers’ service delivery and profitability and reducing the financial drain on the nation’s resources.”

The Jetty is equipped with a gangway tower to facilitate vessel discharge operations and an on-shore control station at Alapata, Apapa which serves as the central control center for its off-shore and on-shore operational activities fully equipped with an automated process control system.

“The Lagos Midstream Jetty (LMJ) is fully operational, having berthed 10 vessels and discharged products totaling 255,000 metric tonnes of cargo demonstrating its potential as a functionally efficient and safe facility. With a monthly volume capacity of 240,000metric tonnes, or 240,000,000 litres, the Lagos Midstream Jetty is set to substantially boost supply of petroleum product into Nigeria, and contribute an estimated NGN13.1 billion ($36 million) cost reduction in product imports and associated transactions.” Osikoya further added.

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FG to Partner Boeing to Launch National Carrier

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Sen. Hadi Sirika, Minister of State for Aviation, has said that the Federal Government is set to sign a Memorandum of Understanding (MoU) with Boeing on the establishment of a national carrier for Nigeria.

Sirika, in his tweet on his handle,@hadisirika on Thursday, said the MoU would be signed during the forthcoming Third ICAO World Aviation Forum (IWAF) in Abuja.

The minister also disclosed that Airbus of France had indicated interest in partnering with the government on the proposed carrier and establishment of Maintenance, Repair and Overhaul facility in the country.

He said that the government and Airbus would also discuss further during the IWAF 3 that would hold from Nov. 20 to Nov. 22.

“Airbus signified interest in our National Carrier and our MRO, we will discuss further during the upcoming ICAO forum,’’ he said.

It would be recalled that the minister had expressed President Muhammadu Buhari’s administration determination to establish a national carrier and MRO in a bid to reposition the nation’s aviation sector.

He had since announced the appointment of transaction advisers for the national carrier and MRO.

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NIPOST at Retreat, Rejigs to Remain Afloat

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Nigerian Postal Service (NIPOST) is repositioning the post office as a critical national infrastructure to utilize its extensive network penetration for social and financial growth, Bisi Adegbuyi, postmaster general of the Federation has said.

 

Adegbuyi at the NIPOST zonal strategic management retreat in Kaduna, said that the retrest, will help determine the true position of NIPOST strategic milestones in the journey towards actualization of the set objective.

 

He said, “The retreat will provide us with the opportunity to x-ray our position as we analyze our performance so far against set objectives with a view to taking remedial measures in the area of sharp deviations and as well re-invest a new wheel where necessary in our march to the promise land.

 

“In the last five months of uninterrupted strategy implementation, a lot has happened, the corporate restructuring is taking shape, the business units are reshaping their products, the zones are now on ground supported by their districts while the Chief Operating Officer has taken full control of the operations for efficiency.

 

He observed that the greatest challenge to the relevance of NIPOST is in the area of product offering adding that, “For a long time NIPOST has remained a mono-product organization focusing mainly on mail and even that too is challenging.”

 

Malam Abdulrahim Baba, director, Strategy and Business Development, said the post office can help farmers and small businesses scale up their production by repackaging their products so that they can acquire market instead of letting their products rot away.

 

He added, “NIPOST will put internet facilities and computers in our rural post offices so that the children living in the rural areas can learn how to use the computer and the internet because presently, the computer and internet is used in all sectors.”

 

He informed that the NIPOST presently has seven different business from the one that was available in the past adding that, “We have cut down from 36 territories to seven zones to conserve resources and provide good services to our customers in a bid to create a new playing field.”

 

Malam Nasir El-Rufai, governor of Kaduna state, represented by Engineer Mahmud Hassan, commissioner, Kaduna state Ministry of Works and Transport, urged participants to live up to expectation and the sky is their limit.

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Taxify Set to Launch Services in Abuja

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By peter oluka

Taxify, the fastest-growing ride-sharing platform in Europe and Africa, launches in Abuja with hundreds of driver-partners signed up to the platform and ready to accept rides all across the city.

To celebrate, Taxify is offering a 40% discount to riders during the month of November.

Uche Okafor, the operations manager, comments:  “Abuja is an exciting and thriving market with an outgoing population for private urban transport. We’re very excited to launch here and have a solid team on ground.

“We are confident that Taxify can effectively contribute to healthy competition by improving the quality of service and lowering the prices for the end customer.”

Taxify takes only 15% commission from its drivers, compared to the 25% that competitors take.

The lower commission allows Taxify to offer lower prices for riders and ensure that drivers still keep more money in their pockets.

Taxify treats our drivers better so that they can in turn treat our riders better. Taxify does this by ensuring that drivers are able to earn more driving on our platform than on any other platform.

This combined with our end to end support ensures that our drivers are happier driving on Taxify and are ultimately able to provide better quality service for riders. Taxify also believes in providing exemplary customer service to riders, with a local customer support team that offers real time over the phone support.

Taxify is an international urban ride-sharing platform founded and headquartered in Tallinn, Estonia.

Taxify is operating in 20 countries in Europe, the Middle East, Africa and Central America. Taxify has a global team of over 300 employees, and is considered one of the fastest-growing ride-sharing platforms in Europe and Africa.

In August 2017, Taxify announced a strategic partnership with Didi Chuxing, the world’s leading mobile transportation platform. The Taxify app is available on iOS and Android.

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