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February 15, 2021 Bill Gates Says ‘Solving Covid-19 Is Very Easy Compared With Climate Change’

Bill Gates Says ‘Solving Covid-19 Is Very Easy Compared With Climate Change’

Billionaire, Bill Gates has opined that climate change is humanity's greatest challenge and is a far greater problem than the Covid-19 pandemic.

According to Gates who has become more vocal since the pandemic started, achieving net zero would be 'humanity's greatest ever achievement'

Solving climate change would be "the most amazing thing humanity has ever done",  the billionaire founder of Microsoft said to BBC.

'Ending the pandemic is very, very easy", he claims.

"We've never made a transition like we're talking about doing in the next 30 years. There is no precedent for this."

"Fifty-one billion is how many tonnes of greenhouse gases the world typically adds to the atmosphere each year."

"Net zero is where we need to get to. This means cutting emissions to a level where any remaining greenhouse gas releases are balanced out by absorbing an equivalent amount from the atmosphere. One way to do this is by planting trees, which soak up CO2 through their leaves."

Gates says his focus is on how technology can help make climate change easily handled.

"Renewable sources like wind and solar can help us decarbonise electricity but that's less than 30% of total emissions."

"We are also going to have to decarbonise the other 70% of the world economy - steel, cement, transport systems, fertiliser production and much, much more.

"We simply don't have ways of doing that at the moment for many of these sectors.

Gates says for climate change to be tackled there must be an innovation effort on a scale the world has never seen before.

'At the moment, the economic system doesn't price in the real cost of using fossil fuels.
Most users don't pay anything for the damage to the environment done by pollution from the petrol in their car or the coal or gas that created the electricity in their home."

"Right now, you don't see the pain you're causing as you emit carbon dioxide,"

"We need to have price signals to tell the private sector that we want green products," he says.

That is going to require a huge investment by governments in research and development, Gates argued.

Gate maintains it will be impossible to avoid a disaster, particularly for those who live near the equator, without governments around the world getting behind the effort.

He says the US Republican Party needs to recognise the importance of tackling climate change.

This needs to be a "constant 30-year push", he maintains. "Business just can't change all that physical infrastructure unless the market signals are constant and very clear."

Bill Gates Co-founded Microsoft in 1975 and is the World's fourth richest person with a net worth of $124bn, according to Forbes

"India is going to build housing for their people, provide lighting at night, air conditioning to make conditions liveable," 

"If you buy an electric car, a hamburger made of a meat substitute, an electric heat pump for your home you are helping increase the production of these products and therefore helping drive prices down."

Gates stated his private jets are powered by biofuels - aviation fuels made from plant products.

"I pay three times as much now for my aviation fuel, you know, over $7m [£5m] a year in all my offset spending."

"I don't think getting rid of flying would make sense," he replies. "That type of brute force technique won't get us there."

He says the answer has to be "a type of aviation fuel that doesn't cost much extra and is zero emission and that's got to be biofuels or electric fuels or perhaps using green hydrogen to power the plane".

On Monday morning, Gates wrote on Twitter;

"To avoid a climate disaster, we need to eliminate emissions from the ways we create electricity, grow food, make things, move around, and heat and cool our buildings. It won’t be easy, but I believe we can do it. This book is about what it will take."

 

 
February 9, 2021 11 Big Business Opportunities To Watch in 2021

11 Big Business Opportunities To Watch in 2021

Smallstarter Africa has just released its much anticipated insights about the big market trends and business opportunities to watch out for in 2021.

Some of the opportunities on this list are quite familiar. But some will very likely daze you.

These are the most interesting opportunities that will likely inspire new business ideas and create significant wealth and jobs this year.

If you're thinking of starting a business or diversifying into a new business this year, this detailed list of opportunities provides some very amazing insights.

In fact, the business opportunities you are about to read are based on serious but unsolved problems, underserved and ignored needs, growing consumer demand, and shifts and changes in the market.

SHARE this list with your friends, family, and anyone who plans to create new income streams this year. They will thank you for it.

Follow the link below to read the full list:

https://www.smallstarter.com/11-big-opportunities-to-watch-in-2021/

January 18, 2021 NNPC Records ₦28.38bn Trading Surplus In Sept 2020

NNPC Records ₦28.38bn Trading Surplus In Sept 2020

The Corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of September, released in Abuja, on Sunday.

It said that the amount was slightly lower than the ₦29.60 billion surplus in August 2020.

The marginal reduction in surplus, according to the report, was as a result of lower contribution from the Nigerian Petroleum Development Company (NPDC) which recorded zero crude oil lifting from the Okono Okpoho facility during the month under review

The situation, it further attributed to ongoing repairs in the facility.

“However, other NNPC subsidiaries namely the Integrated Data Services Limited (IDSL), National Engineering and Technical Company Limited (NETCO), Nigerian Gas Marketing Company (NGMC), Petroleum Products Marketing Company (PPMC) and NNPC Retail posted impressive trading results.

”They recorded 268, 234, 21, 422 and 41 per cent trading surpluses respectively over their previous month’s performance."

The report further noted that the corporation also recorded a total export revenue for crude oil and gas valued at 120.49 million dollars for the month of September.

“The 120.49 million dollars crude oil and gas export revenue is a 16.28 per cent improvement on the 100.88 million dollars posted in August 2020.

“Out of the figure, proceeds from crude oil amounted to 85.40 million dollars while gas and miscellaneous receipts stood at 25.31 million dollars and 9.78 million dollars respectively,” it revealed.

In the gas sector, a total of 223.82billion cubic feet (bcf) of natural gas was produced in the month under review translating to an average daily production of 7,460.80million standard cubic feet per day (mmscfd).

For the period September 2019 to September 2020, a total of 3,039.05bcf of gas was produced representing an average daily production of 7,730.35mmscfd during the period.

“Period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 69.10, 20.29 and 10.61 per cent respectively to the total national gas production.

“Out of the 221.91bcf of gas supplied in September 2020, a total of 140.45bcf was commercialized, consisting of 36.37bcf and 104.08bcf for the domestic and export markets respectively,” it said.

It further noted that the supply translated to a total supply of 1,212.17mmscfd of gas to the domestic market and 3,469.45mmscfd of gas supplied to the export market for the month.

This, it said implied that 63.29 per cent of the average daily gas produced was commercialized while the balance of 36.71 per cent was re-injected, used as upstream fuel gas or flared.

It noted that gas flare rate was 6.66 per cent for the month under review (i.e. 492.93mmscfd compared with average gas flare rate of 5.84% i.e. 439.90 mmscfd for the period of September 2019 to September 2020).

To ensure effective supply and distribution of Premium Motor Spirit (PMS) across the country, a total of 0.59bn litres of PMS translating to 19.59mn liters/day was supplied for the month in the downstream sector.

During the period under review, 21 pipeline points were vandalized representing about 43 per cent decrease from the 37 points recorded in August 2020.

Of this figure, it said that Mosimi Area accounted for 90 per cent of the vandalized points, while Port Harcourt Area accounted for the remaining 10 per cent.

It assured that the NNPC, in collaboration with the local communities and other stakeholders, continuously strive to reduce and eventually eliminate this menace.

Source; NAN

January 13, 2021 Nigerians Commend Osinbajo For Spearheading Tech Opportunities For Young People

Nigerians Commend Osinbajo For Spearheading Tech Opportunities For Young People

Nigerians have commended Vice President Yemi Osinbajo for his contributions to the promotion of tech opportunities for the Nigerian youth.

Global technology giants - Google Inc., HUAWEI, and top social networking companies like Facebook and Microsoft Corporation, have disclosed plans to partner with the federal government for the benefit of the Nigerian people, especially young people.

Osinbajo has embraced the initiative, noting in a virtual meeting with Microsoft Corporation team led by its President, Brad Smith, that the company’s interest in supporting the efforts of the federal government is a welcome development and could be leveraged to address issues affecting the youths, especially as it pertains to engaging them productively.

Osinbajo had also invited Facebook CEO, Mark Zuckerberg to Nigeria, which culminated in Zuckerberg’s first trip to Sub-Saharan Africa when he arrived Lagos, Nigeria in August 2016.

While in Nigeria, Zuckerberg visited the nation's capital city of Abuja for the Aso Villa Demo Day (AVDD), which was put together by the federal government. He also visited Co-Creation Hub (CcHUB) and Andela, where he held a townhall meeting with entrepreneurs and developers in Lagos.

Zuckerberg’s visit to Nigeria yielded some fruit a year later, when in October 2017, Facebook launched its first African SME Council in Nigeria in order to support small and medium sized businesses throughout Africa.

In May of 2018, NG_HUB was launched in Yaba, Lagos, as the training aspect of Facebook’s Nigeria Initiatives also promised to train and support 50,000 students, SMEs and entrepreneurs across Nigeria through a series of digital skills training in partnership with hubs across Nigeria.

The vice president's office say his visit to Silicon Valley and Facebook Campus in 2018 has helped to boost the federal government’s digital drive, while leading to significant improvement in the country’s digital space.

They add that it has also facilitated Google's launch of free public Wi-Fi service in Abuja, an initiative expected to create more economic opportunities for Nigerians through bridging societal gaps by providing free internet access.

In the last few years, Nigerian tech entrepreneurs have also raised millions of dollars in investment, and there has been an increased interest in Africa’s tech space.

Microsoft has opened an engineering office in Nigeria, Google has started an accelerator programme, while IBM has launched the Digital Nation Africa project.

The Chinese billionaire Jack Ma had also visited Nigeria and is said to be working on an Africa wide investment project.

All of the interests in Nigeria's tech space have had the imprimatur of the vice president. On Tuesday, January 12, 2021, Nigerians took to Twitter to hail Osinbajo for being open to the idea of developing Nigeria through digital technology.

"Google Inc. announced plans to establish first Google launchpad outside US in Lagos, Facebook made decision to open office in Lagos, HUAWEI promised to position Nigeria as a technology center for the Africa continent. Osinbajo is bringing fortunes to Nigeria," one Thomas Blessing wrote on Twitter.

@bisuclef, said, "#MicrosoftNaija is promising some bug tech investment in #Nigeria thanks to VP Osinbajo's new feat in ensuring young Nigerians benefit in more ways than one in ICT generally."

@lollylarry1, wrote: "Vice President Yemi Osinbajo posed with tech gurus ready to invest in Nigeria. My essential Osinbajo is always contributing to the development of d country."

Another, commenting via @CityMayo, said: "It seems to me that it's is only Prof Yemi Osinbajo that truly appreciates and understands the many job opportunities that come with developing our digital economy. Guessing that's why he is at the forefront of attracting most of the world digital marketing executives coming to Nigeria to invest."

@Yakubu_Prince1, said, "Osinbajo has done greatly in the aspect of technology. One of the benefits of his visit to Silicon Valley is the collaboration of Microsoft with the FG. All these are happening and coming to reality because #ESPisWorking #MicrosoftNaija."

For @abegnovex; "On behalf of my inborn children and grateful Nigerian boys and girls, we want to commend Vice President Yemi Osinbajo for attracting big tech companies like Microsoft, Google, Facebook, Huawei and others to the country. God bless you sir."

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