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Jagal Group Appoints Tam-George as Corporate Affairs Director

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Jagal, a leading Nigerian conglomerate that operates energy businesses and manages a diverse portfolio of investments has appointed Dr. Austin Tam-George as its new Group Corporate Affairs Director.

 

Dr. Tam-George’s experience in communication and corporate strategy spans a period of over 23 years and covers different sectors including, education, oil and energy, as well as media relations.

 

He is a communication and Industrial Relations expert with a Ph.D from the University of the Witwatersrand, South Africa. He was also Andrew W. Mellon Postdoctoral Fellow at the University of Cape Town, and an alumnus of the IESE Business School, University of Navarra, Spain, where he studied communication and institutional leadership.

 

Dr. Tam-George has taught in different universities including the University of Cape Town and the Pan African University, Lagos. He was also the Executive Director of the Institute of Communication and Corporate Studies, (ICCS), Lagos.

 

Over the years, Dr Tam-George’s training series on communication strategy, community relations and stakeholder management had drawn managers from Chevron Nigeria, Shell Petroleum, Exxon Mobil, Pan Ocean, Nigeria Liquified Natural Gas (NLNG, Niger Delta Development Commission, Halliburton, and many other organizations in Nigeria.

 

As the Group Corporate Affairs Director, Dr. Tam-George will lead all internal and external communications and represent Jagal’s reputation for excellence in all its business practices.

 

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Business

BEDC pledges improved service delivery to Edo, others

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The management of the Benin Electricity Distribution PLC (BEDC) has promised improved service delivery to its customers in Edo, Delta, Ondo and Ekiti states.
Managing Director/CEO of the company, Funke Osibodu, made this pledge at the graduation ceremony of the third set of BEDC graduate trainees and second set of technician trainees, held in Benin City a fortnight ago.
In her opening remarks, she said the company was committed to continuously render better service to its customers.
In a statement, she said the employment and training of the employees was aimed at engaging the young unemployed graduates and technicians into the Discos’ business to assist with continuous improvement service to BEDC customers whilst creating employment.
Describing the graduates as the future leaders, she said: “We have so far engaged over 700 graduates and technicians and we intend to engage about 1000 in the first phase. We give them intensive two months classroom training and after that 10 months of practical field training on the understanding of the electricity business. We are grooming them to sustain the good things we are doing,” the BEDC boss said.
“The whole purpose is about the customers, how to serve them better. There are many areas to work on but we are improving and as we grow, we will bring more trainees.”
Speaker of Edo state house of Assembly, Hon Kabiru Adjoto, who was present at the occasion, commended the initiative.
The representative of the Speaker, Chris Okaeben, who is the House committee chairman on Energy and Water Resources, whilst also commending BEDC on it’s job creation initiatives, advised the grandaunts to see themselves as being privileged to be employed.
He said that they should ensure that they hold high service standards in doing their jobs without compromise.
He said that a bill was under review on power theft because of incessant theft of power and the concern for the safety of Edo citizens as well as the need to ensure that more power was available to the people of Edo State.
In his remarks, Vice Chancellor, Elizade University, Professor

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NIPCO reiterates commitment to staff

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Managing Director of NIPCO Plc, Mr Sanjay Teotia has declared that the workforce of the downstream company remained its major asset since its inception in 2004.

Teotia said this when he was reflecting on the performance of the integrated downstream operator at the company’s long service awards in Lagos.

According to a statement from the company made available to News Telegraph, he said that the efforts of the workforce have made the organization remained a benchmark in the hydrocarbon industry.

“Your efforts over the years have made the organization remain a benchmark for operators in the downstream sector of the nation’s oil and gas industry,” the statement quoted him to have said.

The MD, who was flanked by the company’s Chief Retail Officer, Harjeet Tuteja and Chief Operating Officer, Suresh Kumar, also pointed out that the organization’s growing recognition and pedigree in the hydrocarbon industry could be linked to the latter’s dedication as a crop of well-trained and motivated workforce.

Mr. Sanjay, who expressed delight on his maiden interface with staff of the company upon his assumption of office as managing director, said the event is a component of the organization employees’ recognition process and an opportunity to recognize the awardees for their longevity and service to the company.

‘’Management is oblivious of awardees meritorious contributions, hence the pomp and pageantry that is associated with the event, with a view to positively boost their morale and raise their self worth before all of us today ‘’ he asserted.

According to him, the forum is also a veritable avenue for the management of the company to show gratitude for the role employees have played since inauguration in 2004.

He restated the resolve of management to continue to improve on workers welfare but informed that the sector is becoming more competitive with inflows of more entrepreneurs.

He said that more support and understanding is required to achieve the needed growth. Mr Sanjay urged the awardees to reciprocate managements’ kind gesture by rededicating themselves to their duties to further enhance the company’s progress.

Responding on behalf of the awardees, Obi Stanley applauded the management for the befitting reception for them, noting that he is proud to be one of the recipients having garnered lots of experience in the organization.

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Nigeria: A crude swap contract in disarray

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The cumulative production of Nigeria’s refineries again fell to zero at a time daily fuel consumption rose to 55 million litres, putting the Direct Sale and Direct Purchase (DSDP) contracts between Nigerian National Petroleum Corporation (NNPC) and refiners abroad under pressure. Adeola Yusuf reports

 

 

The consumption of premium motor spirit (PMS) also known as petrol has risen from 35 million to a record 55 million litres daily, subjecting the DSDP also known as crude swap contracts, into 20 million litres deficit.
The data obtained from NNPC by New Telegraph showed that the consumption surge, which the nation began to experience from December 1, 2017, has over-stretched the DSDP, which the Corporation has with refiners abroad.
The DSDP contracts were originally based on 35 million per day petrol consumption pattern, the document showed, adding that the nation now stretches the contracts with additional 20 million litres.
“The sudden and unnatural shock in fuel consumption to record levels has over-stretched the Direct-Sale-Direct-Supply (DSDP) crude for product supply arrangement, which was originally based on 35 million per day petrol consumption pattern,” the document quoted the Group Managing Director of NNPC, Dr, Maikanti Baru to have said.
Consequently, Nigeria now depends on 100 per cent importation to meet its fuel need as the refineries are now down to zero production.

Complaints from the top
Baru lamented that with the current unprecedented average daily fuel evacuation of 55 million litres since 1st December 2017 to date, it was imperative for the security agencies to close-in on the smuggling syndicates who were cashing in on the obvious petrol price differentials between Nigeria and neighboring countries to make illicit profit.
He explained that apart from straining the ability of NNPC to sustain the prevailing 100 percent PMS importation in the face of increasing cost, the current situation was impacting negatively on NNPC’s resources for servicing Joint Venture Cash-Call and other obligations.

Clamour for more funding
He said to sustain adequate supply of petroleum products and national energy security, there was the need for the Federal Government to provide flush volumes in January & March, 2018 as well as create enabling environment for other oil marketing companies to participate in the importation of petroleum products.
He also noted the need to double supply in order to raise the fuel sufficiency template back to the 30 days threshold from the current 15 days by bringing in at least two vessels per day for 20 days.
The NNPC GMD, however, explained that the Corporation would require additional funding outside the DSDP regime to achieve this.
He listed the measures put in place to tackle the prevailing challenges to include: Engagement of the Nigerian Navy, Federal Road Safety Corps and Civil Defence to improve truck movement; engagement of the Nigerian Army Engineers to remove failed trucks on the Jebbba/Mokwa Road, which had hitherto slowed down truck movement to the northern part of the country; repairs of about 10km stretch of bad roads and sustained assistance to tankers among others.

Financier for refineries
Owing up to gross inefficiency of refineries in Nigeria, the NNPC in another development, said that it was inching closer to arriving at the choice of financiers for the three refineries for which 445,000 barrels crude are allocated daily.
The refineries are Port Harcourt Refining Company Limited (PHRC), Warri Refining and Petrochemical Company Limited (WRPC) and the Kaduna Refining and Petrochemical Company Limited.
The development, the NNPC boss said, holds the promise to boosting petroleum products supply and distribution in the Country
Dr. Baru maintained that the agreements on the potential financiers for the refineries were being fine-tuned, following, which the endorsement of the NNPC Board would done this month.
“We are pushing towards the final selection of our financiers and we expect that when that is done, we’ll get the agreements and present them to our board, meeting this month to secure their endorsement and once we have the funding, we would start the rehabilitation of the refineries towards a 90 per cent capacity utilization per stream day before the end of 2019,” Dr. Baru affirmed.
He described the procedure for electing the financiers as painstaking, noting, however, that it was necessary to enable a desired closure on the subject.
Dr. Baru said the corporation was also encouraging new refining capacities to come on board, adding that there were two consortia that have indicated interest to co-locate refineries in Warri and Port Harcourt.
He said NNPC would provide whatever utility services the companies might require, such as power, processed steam, water and land, stressing that the corporation has agreed in broad terms on areas of collaboration to fast track the development.
“Am happy to inform you that progress has been made, up to the level of an acceptable detailed engineering design and we are in the process of mobilizing some of the refineries already identified for installation in Nigeria,” the GMD informed.

N4.95tr subsidy claims to NNPC
Inefficient refineries, checks by this newspaper showed, usually lead to a surge in subsidy claims by NNPC and marketers.
NNPC, for instance, confirmed, last Monday, the receipt of N4.950.80trillion subsidy payment from the Federal Government for petrol imported between January 2006 and December 2015.
The Corporation also declared that the Nigerian federation was indebted to it to the tune of N170.6 billion outstanding subsidy payments during the period.
Leading a team of top management of NNPC to the on-going Investigative hearing on N5 trillion subsidy payments from 2006 to 2016, the Group Managing Director of the Corporation, Dr. Maikanti Baru, said that the figure was arrived at after deduction of N4.950.80 trillion received as payments from the N5.121.40 trillion approved subsidy claims of the corporation from January 2006 to December 2015.
Providing details of the accruals, Chief Financial Officer of the corporation, Mr. Isiaka AbdulRazaq, according to a statement, traced the advent of the subsidy regime to October, 2003 when NNPC was directed by the government to commence the purchase of domestic crude oil at international market price without a corresponding liberalization of the regulated price of petroleum products.
“He explained that under the subsidy regime, NNPC and other suppliers of refined petroleum products were entitled to file subsidy claims to the Petroleum Products Pricing Regulatory Agency (PPPRA),” the statement issued by Group General Manager, Group Public Affairs Division of NNPC, Ndu Ughamadu, stated.

Varieties of subsidy collection
Mr. AbdulRasaq, however, noted that unlike other Oil Marketers, NNPC did not receive cash payment for subsidy claims as its subsidy claims were deducted out of cost payment to the Federation Account after due certification by PPPRA.
‘’In summary, NNPC submits that the amount of over N5.1 trillion was duly approved by PPPRA as subsidy claims for NNPC. Out of this sum NNPC is still being owedN170.6 billion,’’ the NNPC CFO said.
The Corporation called on the Senate Downstream Committee to assist in ensuring that the outstanding debt was settled to enable NNPC effectively achieve its obligation as the supplier of last resort to the downstream sector.
Chairman of the Senate Committee, Senator Kabiru Marafa, commended NNPC for the elaborate presentation while pledging his support to all stakeholders in the sector to ensure uninterrupted supply and distribution of petroleum products

Last line
The Federal Government has taken the “jokes” on inefficient refineries too far while this seeming unserious posture to resolving this issue lingers. The National Assembly keeps engaging in many probes of subsidy payment whereas, it should, once and for all, probe the refineries and come up with sincere recommendation on how to make them work again. Only this will guarantee the country’s liberty from the embarrassment of fuel scarcity, subsidy and unnecessary crude for product swap.

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