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| Last Updated: Jan 19th, 2012 - 11:25:19 |
Vice President
VP Sambo inaugurates Joint Nigeria-Brazil Energy Cooperation Working Group
Aug 30, 2010, 16:05
| | The Vice President, Arc. Mohammed Namadi Sambo, has inaugurated the Joint Nigeria-Brazil Energy Cooperation Working Group.
Speaking at the inauguration of the Committee in the State House, Abuja, on Monday August 30, he stressed the importance of the event, noting that it is part of the policy of the administration to develop the key sectors of the economy, he also said that to attain the Vision 20:2020, adequate infrastructure must be put in place.
He also stated that as the Federal Government is seeking to accelerate development of the hydro potential in the country, exploring synergies with Brazil was a welcome idea as it has comparative advantage in a variety of areas including hydro power generation, renewable energy and deep water exploration.
Arc. Sambo noted that bilateral agreements in the past have suffered delays due to lack of proper coordination. He urged the Committee to fast-track the process of preparing the final position of the agreement as Brazil will be going to elections soon.
He further noted the need for raising a technical team to proceed to Brazil, stressing that to express our determination toward the success of the Joint Cooperation, “our actions should determine our seriousness.”
He disclosed that Brazil had indicated interest in partnering with Nigeria towards ensuring an accelerated completion of the Zungeru Hydro Power plant and that the Mambilla hydro power plant has been incorporated into the bilateral agreement, which Brazil is willing to bankroll from the scratch on a turnkey basis. The three main areas of cooperation include oil and gas including bio-fuels, power and capacity building.
Suffice it to state that the agreement for Nigeria-Brazil Energy Cooperation was signed in July, 2009 and that President Goodluck Jonathan has urged that a joint working group be set up to work on the agreement. The Programme is designed to address mutual needs with mutual assistance.
Nigeria enhances Brazzilian energy security through Brazzillian access to Nigerian oil and gas sector. Brazil provides technical, financial and infrastructural expertise to help Nigeria develop her energy infrastructure and operations.
Members of the Joint Working Group include Ministries of Power, Petroleum, Finance, Water Resources, Environment, Nigerian Energy Commission, Nigeria National Petroleum Corporation (NNPC) and National Electricity Regulatory Commission.
In another development, the Vice President chaired the meeting of the supervisory board of the Debt Management Office (DMO) which centred on the recruitment and promotion of staff in the organisation.
The VP in the meeting approved the request submitted by the Director General of the DMO, Dr. Abraham Nwankwo, to promote and employ new staff in the organisation.
Earlier, the Director General said 120 officers of various categories are needed in the organisation. He sought the approval of Vice President Sambo who is the Chairman of the DMO Board for the promotion of nineteen staff including seven senior officers to be promoted as Chief Operating Officers and Assistant Chief Operating Officers respectively. He said the posts are to be advertised soon.
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