Connect with us
SSN
Advertisement
IZIKJON
Advertisement
forex
Advertisement
Stanbic IBTC
Advertisement
Binance
Advertisement
Esetech
Advertisement
Patricia
Advertisement
Fidelity ads
Advertisement
app

Business News

Matrix Energy’s new investment is solving a major problem

Matrix Energy Limited  has taken a major step towards proffering a solution to the problem of green house emission and climate change.

Published

on

Matrix Energy Limited

As the relationship between greenhouse emission and climate change continue to be a source of concern to many people, a little-known Nigerian energy company — Matrix Energy Limited — has taken a major step towards proffering a solution.

The company is doing this by investing in the Liquefied Petroleum Gas (LPG) business, with hopes of providing Nigerians with cleaner and supposedly cheaper source of cooking energy.

Speaking recently in Warri at an event themed Meet Your Customers Forum, the company’s Head of Marketing, Mrs Toyin Sowunmi, said that asides dissuading Nigerians from the use of unclean and dangerous energy sources, the initiative will also help to minimise the effect of climate change.

She also stated that Nigerian is among the countries with the least LPG usage figures in the whole of the African continent, with nearly 66% reliance on firewood for both domestic and industrial energy needs. This is despite the fact that Nigeria is one of the biggest producers of natural gas, a large quantity of which is flared daily in the Niger Delta.

Unfortunately, the over-reliance on firewood energy puts a strain on the forests, even as deforestation becomes the order of the day. This, of course, exacerbates the effects of climate change such as flooding, desertification, etc.

Mrs Sowumi further disclosed that Matrix Energy Limited currently supplies about 30% of Petroleum Liquefied Gas across the country. The company has a total of 65 LPG trucks which distributes its product across the country, even as it hopes to acquire more.

Also speaking at the event was Mr Rapheal Biu, the Terminal Manager of Matrix Energy, who stressed that the company is bent on creating awareness on the need to embrace Liquefied Petroleum Gas.

In his words,

Deal book 300 x 250

“We want people to be aware of its benefits; it is cleaner and cheaper and from the records of the Nigerian Bureau of Statistics, we now know that 66 per cent of Nigerian population still uses firewood, which means deforestation, all these increase the greenhouse emission.

“We want to make sure that while meeting our present needs, we don’t jeopardise the livelihood of future generations, a way to do that is to promote and encourage the use of LPG.” – Biu

Incorporated in 2004, Matrix Energy Limited is a Nigerian energy merchandising company which was started by a crop of young professionals.

Emmanuel is a professional writer and business journalist, with interests covering Banking & Finance, Mergers and Acquisitions, Corporate Profiles, Brand Communication, Fintech, and MSMEs.He initially joined Nairametrics as an all-round Business Analyst, but later began focusing on and covering the financial services sector. He has also held various leadership roles, including Senior Editor, QAQC Lead, and Deputy Managing Editor.Emmanuel holds an M.Sc in International Relations from the University of Ibadan, graduating with Distinction. He also graduated with a Second Class Honours (Upper Division) from the Department of Philosophy & Logic, University of Ibadan.If you have a scoop for him, you may contact him via his email- [email protected] You may also contact him through various social media platforms, preferably LinkedIn and Twitter.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

Royal Academy of Engineering invests over £3.5 million in Nigeria, others

The academy has awarded over £3.5 million in 37 projects in Nigeria and across 13 African countries.

Published

on

The Royal Academy of Engineering has awarded over £3.5 million to 37 projects in Nigeria and across 13 African countries to promote better training and sustainability and diversify economies.

This was disclosed by the Academy via a statement issued and seen by Nairametrics on Thursday to mark the UNESCO World Engineering Day 2021.

It stated that the Academy’s interest in partnering with partner academic institutions’ projects focused on realizing sustainable development goals.

One of such projects, according to the statement, is the renewable energy project recently embarked on by Engineering students in the University of Abuja, Nigeria.

It stated, “A new awardee of the HEPSSA programme, the University of Abuja, in a project titled “Renewable energy utilization: Accelerating diffusion of solar power systems”, seeks to address the problem of access to affordable and clean energy with a view to enable accelerated diffusion solar power systems.”

Commenting on the progress achieved in Africa, Nigerian born Engineer in the UK, Yewande Akinola MBE, who is also a member of the Royal Academy of Engineering GCRF Africa Catalyst Committee, said:

“While we see immediate improvements in skills and innovation through these programmes, the real win is establishing a framework for lasting change. This will equip communities in Africa to anticipate and plan for the challenges posed by climate change, urbanisation and economic development. The continent is transforming rapidly, and those engineering its future need the skills to think on their feet.”

Stressing the need for strategic partnerships and buy-in of stakeholders, she said, “By developing strong alliances between local partners in sub-Saharan Africa and the UK, we can enable learning, collaboration and sharing of best practice, which in turn will build skills to boost innovation. But there is much more to be done, which needs the continued support of investors and partners.”

She added that the Academy aimed to support the development of a diverse and future fit workforce across the continent.

“It is estimated that fewer than 10% of engineering posts in Africa are currently occupied by women. GCRF Africa Catalyst has worked with Women in Engineering (WomEng) to promote gender diversity across a wide spectrum of professional experience.

“WomEng’s work with Eswatini’s Registration Council for Architects, Engineers, Surveyors and Allied Professionals has resulted in seven registered female members where they initially had none. A HEP SSA project with the Institute of Engineers Rwanda also helped to increase the number of female internship applicants from 5% to 2018 to 25% in 2019,” she said.

Highlights of achievements of the Africa grants:

  • Over 2000 professionals trained by Professional Engineering Institutions across sub-Saharan Africa.
  • Over 530 student industry placements since 2013. Number of students obtaining industry internships increased from 40% to 90% over the course of one project in Zambia
  • Diversity & Inclusion initiatives have driven equal gender participation in programmes. A project from the Institute of Engineers Rwanda helped to increase the number of female internship applicants from 5% in 2018 to 25% in 2019.
  • 50 individual course curricula reviewed and improved as a result of industry-academia partnerships.
  • Almost 50 UK organisations and 400 in-country bodies involved as project partners so far.

What you should know

  • Launched in 2016, with support from the UK government’s Global Challenges Research Fund (GCRF), the Africa Catalyst initiative allows Engineers to focus on issues of specific importance to their relevant jurisdictions while facilitating good governance practices.
  • The Royal Academy of Engineering is showcasing its impact on enhancing collaboration, education, and diversity in engineering in sub-Saharan Africa, delivered through its Africa grants programmes ahead of the second UNESCO World Engineering Day for Sustainable Development on the 4th of March 2021.

Continue Reading

Entertainment

Veteran broadcaster, actor, Sadiq Daba is dead

Daba died on Wednesday evening after losing a battle to leukaemia and prostate cancer.

Published

on

Veteran broadcaster and actor, Sadiq Daba, died on Wednesday evening after losing a battle to leukaemia and prostate cancer.

His death was confirmed by filmmaker, Kunle Afolayan, with whom he recently worked with on the 2020 motion picture, Citation.

Afolayan, who said that the ace broadcaster died on the evening of Wednesday, March 3rd, said he spoke with his wife and son who confirmed his passing to him.

Many Nigerians, including billionaire Femi Otedola, had donated money for his treatment abroad and showed massive support on social media.

Daba made waves in the 1980s on Nigerian Television Authority (NTA).

He has featured in several TV series and movies, with “Cock Crow at Dawn” and “October 1st” as notable mentions.

Continue Reading
Advertisement




Advertisement

Nairametrics | Company Earnings