THISDAY

SYLVA: THE MAN WITH THE MIDAS TOUCH

Ojie Ejemhen pays tribute to Timipre Sylva, Minister of State for Petroleum Resources, at age 57

- Ejemhen wrote from Abuja

It is William James, a philosophe­r, who says, “It is our attitude at the beginning of a difficult task which, more than anything else, will affect its successful outcome.” For those who know the Minister of State for Petroleum Resources, Timipreye Marlin Sylva, this philosophe­r may have spoken about him, a man whose positive attitude adds the Midas Touch to everything, ensuring that they are accomplish­ed, no matter how mountainou­s the task is. His commitment and dedication to do the job is not only inspiring; it is very infectious.

This is not just for the saying! Perhaps this is what President Muhammadu Buhari would be saying today when he turns around to see the giant strides of his administra­tion within the short period he has had Sylva as the “alternate Minister” in the petroleum ministry.

When Buhari appointed Sylva in 2019, the Petroleum Industry Bill (PIB), the draft for which the foundation was laid at the turn of the millennium in 2000, was in its 18th year, awaiting approval and passage into law. The closest the draft legislatio­n came to being passed into law was during the Eighth National Assembly.

Out of the four components of the bill, the National Assembly passed the Petroleum Industry Governance Bill (PIGB) mainly to provide the legal framework for the establishm­ent of the governance structures to regulate operations of the petroleum industry. The legislativ­e processes were completed, as the two Chambers of the National Assembly produced a harmonised copy of the bill sent to the President for assent. However, just when Nigerians were about to heave a sigh of relief that the burden of the long delay in passing the bill into law had been lifted, the president said he would not pen his signature, citing certain provisions that required further attention.

When Sylva arrived on the scene, he took up the difficult assignment of getting the PIB passed into law as one of his cardinal agenda to accomplish. Today, what seemed unachievab­le by anyone was achieved last Thursday, with the passage into law of the PIB, pending the crucial final lap of getting the presidenti­al seal of approval to make it an official working document, regulating the operations of the petroleum industry. The PIB, when signed into law, would provide the solid foundation upon which the growth of the country’s petroleum industry would rely on. This is only one of the record achievemen­ts that commends Sylva as the man with the Midas touch.

For over 43 years since its establishm­ent, the Nigerian National Petroleum Corporatio­n (NNPC), carried the ugly toga of being a cesspool of corruption; a place where nothing worked, despite sitting at the helm of the industry that accounts for more 80 percent of the country’s revenues. Opacity was its other name, as transparen­cy and accountabi­lity were strange phenomena in their operations.

But following Sylvia’s arrival, the NNPC published its first audited account for the year ended 2019, highlighti­ng the massive losses accumulate­d by successive administra­tions in recent memory. The corporatio­n followed quickly with the publicatio­n of the 2020 audited accounts. It has not only sustained the practice as an entrenched culture, but has kept faith with its commitment and determinat­ion to publish details of its monthly financial and operations report, capturing the performanc­es of all its strategic business units, subsidiari­es and affiliates. This is an unknown tradition in the history of Nigeria public institutio­ns.

Today, the NNPC that was loathed as a global outcast in the committee of respectabl­e corporate citizens has been found worthy to be named as one of the strategic partners of the global Extractive Industries Transparen­cy Initiative (EITI) for the ongoing reforms of its processes. This is not only commendabl­e but a feat that Sylva and the management of the corporatio­n has vowed to sustain.

The achievemen­t of the Nigeria Liquefied Natural Gas (NLNG), a global leader in gas developmen­t, is another worthy story of mention. After quickly ramping up its production output capacity to about six trains and 22 million tonnes per annum (MTPA) capacity, it appeared its potential to expand and grow was stalled but, with Sylva coordinati­ng and pulling the strings along with management of the NNPC and all the partners involved in the execution of the project, the final investment decision for the constructi­on of the Nigeria LNG Train seven was taken in December 2019 at the peak of the fiery impact of Coronaviru­s pandemic, which devastated the world and frustrated fresh investment initiative­s.

Happily, last month, the official ground-breaking ceremony of the Train seven project was performed, in Bonny, Rivers State by President Muhammadu Buhari, signaling the official commenceme­nt of the constructi­on of the Train seven project. What a stride for the Nigeria gas sector? When completed, the plant would not only consolidat­e Nigeria’s position among global leaders in the liquefied natural gas businesses, but also boost the country’s current global LNG production capacity by 35 percent, to about 30 MTPA as well as Nigeria’s competitiv­eness in the LNG market.

Over the years, successive administra­tions have paid lip service to an agenda to harness for value the huge potential of the country’s gas reserves, put conservati­vely at about 206 trillion cubic feet, but not with Sylva who sees gas as a transition energy between oil and renewable energy. He believes that Nigeria needs to diversity the economy and create the needed jobs for its teeming population.

With the world said to be approachin­g the end of the oil era in the next 50 years, Sylva believes Nigeria is still far from joining the energy transition train as the country is yet to harness the vast gas resources. Gas is fuel for our cars, domestic fuel for cooking and other household chores, generation of electricit­y, power to the country’s industrial establishm­ents, like fertiliser plants, petrochemi­cal and methanol plants.

Sylva believes that before the transition to renewable energy, the country should utilise her gas resources to develop infrastruc­ture for the benefit of the people. Perhaps, that is why he has supported the programme of aggressive developmen­t of gas utilizatio­n projects.

Sylva is leading the showcase of the Ajoakuta-Kaduna-Kano (AKK) gas pipeline project, one of the legacy projects of the Buhari administra­tion. Launched in 2020, the pipeline system was conceived to help create, in the northern part, the market for the gas produced in the southern part. The AKK Project will help bring gas across Nigeria for the overall benefit of the economy and gas-based industrial establishm­ents across Nigeria along the pipeline route, which is expected to extend beyond Kano to as far away as Algeria to European markets.

TODAY, THE NNPC THAT WAS LOATHED AS A GLOBAL OUTCAST IN THE COMMITTEE OF RESPECTABL­E CORPORATE CITIZENS HAS BEEN FOUND WORTHY TO BE NAMED AS ONE OF THE STRATEGIC PARTNERS OF THE GLOBAL EXTRACTIVE INDUSTRIES TRANSPAREN­CY INITIATIVE (EITI) FOR THE ONGOING REFORMS OF ITS PROCESSES

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