The FG has granted approval for the distribution of one million science textbooks intended for secondary schools.

On Wednesday, the Federal Executive Council gave the green light for the printing of one million science textbooks to be distributed to every public secondary school across the country.

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, informed reporters that the initiative aims to address gaps in essential subjects including physics, chemistry, biology, mathematics, and computer science.

This came after a memo was presented by the Minister of State for Petroleum Resources, Heineken Lokpobiri, on behalf of the Petroleum Technology Development Fund.

He clarified that the initiative aims to close the divide, empowering Nigeria to align its engineering and technology advancements with those of the global community.

He said, “We brought a memo on behalf of the PTDF that had initiated a program called the PTDF stem fund.

“Some time ago, the PTDF, which is the creation of law, you know, with the mandate to build the capacity, of Nigerians in the oil and gas industry came up with a program called PTDF Science, Technology, Engineering and Mathematics Programme.

“They sought to obtain presidential approval. And today, we brought a memo to the council to be able to print 1 million science textbooks.

“The science courses that were identified that Nigerians have deficiency, physics, chemistry, biology, mathematics, computer science.”

Lokpobiri said, “This program is meant to print 1 million science textbooks that will be distributed to all the local government, 74 local government areas in the country, and also to support the 104 unity schools that we have in the country, and then 122 special schools, that we have in the country.

“This memo was approved by Council. Essentially, this is a support at the secondary school level. To catch up with the rest of the world in terms of technological and engineering development, we need to lay a very solid foundation.

“Some time ago, we found that we are lagging, and so we decided that look, we are going to build both physical and digital libraries.”

FG Unveils Fresh Fiscal Incentives to Enhance Nigeria's Oil and Gas Industry.

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced two significant fiscal incentives designed to rejuvenate Nigeria's oil and gas industry:

- Value Added Tax (VAT) Modification Order 2024

- Notice of Tax Incentives for Deep Offshore Oil & Gas Production, in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024.

The VAT Modification Order 2024 introduces exemptions for several essential energy products and infrastructure, such as Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment. These initiatives aim to reduce living costs, enhance energy security, and expedite Nigeria's shift towards cleaner energy alternatives.

Furthermore, the Notice of Tax Incentives for Deep Offshore Oil & Gas Production introduces fresh tax relief options for projects in deep offshore exploration. This initiative is designed to establish Nigeria's deep offshore basin as a top-tier choice for international oil and gas investments.

These reforms are components of a larger set of policy initiatives focused on investment, advocated by President Bola Ahmed Tinubu, as outlined in Policy Directives 40-42. They demonstrate the administration's unwavering dedication to promoting sustainable development within the energy sector and boosting Nigeria's competitive standing in global oil and gas production.

President Bola Tinubu has enacted five new executive orders targeted at attracting $2.5 billion in investments. These directives are designed to offer fiscal incentives to enhance investment in Nigeria's oil and gas industry.

This announcement coincides with the Federal Government's launch of the $550 million Ubeta gas project, which is expected to produce 350 million standard cubic feet of gas daily once it becomes operational.

In June of this year, a signing ceremony was held in Abuja to mark the $550 million Final Investment Decision between NNPC Ltd and TotalEnergies regarding the development of the Ubeta Field Project. Discovered in 1964, the Ubeta field is situated northwest of Port Harcourt in Rivers State.

The five Executive Orders issued by Tinubu are anticipated to lower both the expenses and duration associated with finalizing and implementing contracts aimed at developing and expanding gas infrastructure.

The Special Adviser to the President on Energy, Olu Verheijen, announced in Washington DC that the “The directives aim to immediately unlock up to $2.5bn in new oil and gas investments in the country,” This information was shared in a statement released on Tuesday by Morenike Adewunmi, the Stakeholder Manager in the Office of the Special Adviser to the President on Energy.

She said, “I cannot overstate the importance of our longstanding relationship with the US and this inaugural dialogue. The goal of this dialogue is for us to jointly proffer solutions that will close the energy access gap for close to 100 million Nigerians who still lack reliable power.

“We want existing and potential partners to better understand our areas of priority so that our collaboration can be better targeted, and with tangible outcomes.”

“To support the reform efforts, President Bola Tinubu has issued five new executive orders aimed at providing fiscal incentives for investment and reducing the cost and time of finalising and implementing contracts to develop and expand gas infrastructure.”

The oil and gas industry is constantly evolving, and a crucial aspect of that evolution is embracing sustainable practices. Land rig installations, a vital step in onshore drilling, can have a significant environmental impact. Here's where animation steps in, playing a surprising role in promoting eco-friendly practices during land rig installations.
https://www.esimtech.com/industrial-drilling-animation/land-oil-rig-animation.html