Connect with us

Business

When Billionaire Gas mogul, Julius Rone Shone like a Diamond

Published

on

Think of a billionaire businessman blessed with money, brains, confidence, oratory power and the name of Julius Rone, OFR, Group Managing Director, of UTM Offshore Limited, UTMOL will pop up.

It is definitely an incontestable fact that the serial entrepreneur is one of the few Nigerian business moguls that rub shoulders with other high networth individuals around the world. His rich and diverse entrepreneurial journey that has helped shape

For many years, he has been busy cutting deals beyond the shores of the continent of Africa while also proving that good things can also come out from this side of the world.   

He has a rich and diverse entrepreneurial journey that has helped shape the business sector in Africa. His path to success includes a series of ventures that have significantly contributed to the region’s business growth. 

Aside his pedigree as a topnotch business strategist, it is also a gospel truth that the man, fondly called ‘King of Gas’, is also popular among other high-flying business moguls for his eloquence and articulacy.

The Delta-born top player in the gas sector, as gathered, exhibited that he is not only wealthy but also brainy. 

This he has not failed to flaunt whenever the occasions arise, and the occasions seem to arise so many times lately and Rone has never been found wanting.

In fact, a source revealed that this is the reason he is being invited to seminars, forums and business meetings around the world where he has dazzled many with his talent like the great Roman orator, Cicero.

Once, again he shone brilliantly like a diamond  yesterday, Tuesday November, 14, 2023, at the LNG shipping and terminals Conference in London. The man, full of ingenuity, mesmerised his audience while he spoke about The Role of Policy Instruments and Government Support for the FLNG Project such as Investment Incentives, Regulatory Framework, where government policies can provide financial incentives such as tax breaks, grants, or subsidies to attract private investment in FLNG projects. These incentives, he explained, can help reduce the overall project cost and encourage private sector participation.

The very brilliant businessman also talks about how governments play a crucial role in creating a favourable regulatory environment for FLNG projects, which includes establishing clear guidelines for environmental protection, safety standards, and permitting processes. A well-defined regulatory framework provides certainty for project developers and investors.

Not only that, he also touched on other topics, such as market Drivers for Exploiting Gas in Nigeria, Predicted Gas Volumes from the Development and Quantity expected to be exported, Partnerships in Place and Progress Against Project Timeline and Planning for the challenges of developing Nigeria’s first FLNG project.

The billionaire business mogul received a standing ovation, accompanied with a deafening applause for his dazzling and awe-inspiring speech.

Some of key points he touched include:

The Role of Policy Instruments and Government Support

for the FLNG Project

The Role of Policy Instruments and Government Support For the FLNG Project

Investment Incentives

Regulatory Framework

He gave an insight where government policies can provide financial incentives such as tax breaks, grants, or subsidies to attract private investment in FLNG projects. These incentives can help reduce the overall project cost and encourage private sector participation.

Also, he explained that governments play a crucial role in creating a favorable regulatory environment for FLNG projects. This includes establishing clear guidelines for environmental protection, safety standards, and permitting processes. A well-defined regulatory framework provides certainty for project developers and investors.

The Role of Policy Instruments and Government Support For the FLNG Project

Market Access

Risk Mitigation

Mr. Rone said governments can facilitate market access for FLNG projects by negotiating export agreements, promoting gas trade, and ensuring a fair and transparent market. Access to domestic and international markets is essential for the success of FLNG ventures.

Where LNG projects often involve significant financial and technical risks. Governments can

help mitigate these risks by providing guarantees or insurance options to project

developers. This support can encourage private sector involvement and reduce the

overall cost of financing.

Market Drivers for Exploiting Gas in Nigeria

The Role of Policy Instruments and Government Support For the FLNG Project

Energy Demand & Access

Export Opportunities

He said Nigeria has a growing population and increasing energy demand. Gas is a cleaner and

more environmentally friendly alternative to coal and oil, making it a desirable option for

meeting this growing energy demand. Expanding access to clean and affordable energy is a key driver for gas exploitation.

Rone hinted that Nigeria is one of the world’s top gas reserves holders. Exporting natural gas, especially in the form of liquefied natural gas (LNG), provides a substantial revenue source.

International markets, particularly in Asia and Europe, offer attractive opportunities for

exporting Nigerian gas, making it an economic incentive.

The Role of Policy Instruments and Government Support For the FLNG Project

Industrialization & Economic Growth

Government Policies &

Incentives

‘’Gas is essential for various industries, including manufacturing, petrochemicals, and

power generation. As Nigeria aims to diversify its economy and promote industrialization,

gas becomes a crucial driver, as it can provide a reliable and cost-effective source of

energy for industrial processes and electricity generation.

The Nigerian government’s policies and incentives can significantly influence gas

exploitation. Incentives such as tax breaks, investment support, and favorable regulatory

frameworks can attract both domestic and foreign investors to the gas sector. Policies

aimed at improving gas infrastructure and reducing gas flaring also play a role in driving

gas development’’ He added.

11 / 100
Continue Reading

Business

Jambo Expands to Solana with Tether to Bring Blockchain Mobile Technology to Emerging Markets

Published

on

By

 

 

 

Jambo, the largest web3 mobile infrastructure bringing emerging markets
on-chain, announced that it’s expanding to the Solana blockchain along with Tether to offer
blockchain-enabled financial and educational technologies that cater to emerging markets.
Central to this is the JamboPhone, a $99 web3 smartphone that has been powerful in onboarding all
types of users on-chain in a mobile-first way. Combined with the Solana blockchain’s high throughput
capabilities and Tether’s dominant stablecoin, USDT, access to web3 financial and educational products
will be democratized to those who need them most in Southeast Asia, Africa, and Latin America.
Priced at $99 and already sold in over 120 countries, the JamboPhone is targeted towards Gen Z
consumers in emerging markets as their portal to the best digital products and opportunities globally.
Users can engage with the global economy by utilizing the preloaded Jambo Ecosystem applications
featuring DeFi, gaming, and web3 infrastructure applications. The JamboPhone aims to address some of
the most challenging issues faced by emerging markets, such as a large unbanked population and limited
access to smartphones. Users can purchase the JamboPhone with Solana Pay on JamboPhone.xyz.
The Jambo App: Empowering Users
The smartphone is equipped with the JamboApp, a comprehensive web3 platform that offers users a
range of services including decentralized finance, gaming, and educational content, all designed with the
emerging market user in mind. The JamboApp includes the JamboWallet, a non-custodial multichain
wallet which includes support for Solana tokens and USDT. Jambo will be giving out rewards primarily in
USDT, leveraging its broad acceptance and stability in emerging markets. Users will be able to complete
quests sponsored by Jambo and Jambo ecosystem partners, ranging from educational initiatives to
promotional tasks, with rewards now distributed primarily using SPL USDT. This initiative underscores
Jambo, Solana, and Tether’s role as pioneers in bridging the digital divide, aiming to democratize access
to digital financial tools and providing users with earning opportunities in emerging markets.
Leveraging Local Solana Communities
Additionally, Jambo will engage local Superteams to accelerate web3 adoption. Superteam is a global
community of web3 builders who are passionate about Solana. Their mission is to help web3 talent learn,
earn and connect with the Solana ecosystem. These teams, composed of local experts and enthusiasts,
will play a pivotal role in educating communities, fostering local development, and driving grassroots
initiatives that ensure sustainable growth within the web3 ecosystem.
“Back when I was building earn.com in 2017, our vision was to build a product ‘where there’s a phone,
there’s a job.’ Alice, James, and the Jambo team have realized that vision by developing web3 mobile
infrastructure bringing financial access to emerging markets,” said Lily Liu, President of the Solana
Foundation. “Jambo offers a gateway to web3 that is accessible to nearly anyone in the world, while
Solana enables financial access for nearly anyone with an internet connection. Together, we are
committed to making self-custody, financial opportunity, and educational resources accessible to millions.”
Why Emerging Markets
Emerging markets face their own unique set of economic challenges that Solana and Tether can address
with their blockchain and stablecoin solutions. In emerging markets, the use of USDT (Tether) significantly
surpasses that of other stablecoins, with over 34.2 million unique wallets utilizing USDT as of April 2024.
This broad user base highlights the widespread trust and adoption of Tether in these regions. With
Jambo’s game-changing smartphone, Solana’s fast transaction processing, low transaction fees, and
Tether’s robust and widely-used stablecoin, users now have access to stablecoin and crypto payment
rails, alternative banking access, and global earnings opportunities.
“We want to bring emerging markets on-chain,” said James Zhang, Co-founder of Jambo. “Bringing
Jambo to Solana and Tether allows us to provide a comprehensive solution that addresses the unique
needs of these regions.”
“Emerging markets stand out as promising grounds for financial inclusion. Their demand for tools like
USDT fuels our dedication to shaping a brighter financial future for users in these regions.” said Paolo
Arodino, CEO, Tether. “By providing affordable access to web3 technologies through the JamboPhone
and leveraging the power of the Solana blockchain, Jambo is empowering users in these regions with the
tools they need to participate in the global digital economy. The integration of SPL USDT as a reward
mechanism further strengthens this initiative, offering users a stable and secure digital asset.”


14
/ 100


Continue Reading

Business

Galaxy Backbone Limited Strengthens Partnership with Enugu State Government

Published

on

By

 

 

 

In a significant move to enhance digital infrastructure in Enugu State, Nigeria, executives from Galaxy Backbone Limited, led by Hon. Olusegun Olulade, Executive Director of Customer Centricity and Marketing, paid a partnership visit to the state government.

The delegation was warmly received by His Excellency, Governor Peter Mbah, at the Governor’s Office in Lion Building, Enugu.

Galaxy Backbone Limited, a premier ICT services provider in Nigeria, aims to foster connectivity and digital transformation across various sectors within the state.

The collaboration encompasses several critical areas, including the provision of connectivity in all 265 Smart Schools across 260 wards, 160 primary health centers, the Enugu State Secretariat, and the Lion Building.

Additionally, Galaxy Backbone will offer data center and cloud services, alongside other ICT-related services as required by the state government.

Governor Peter Mbah expressed his gratitude and optimism regarding the partnership, stating, “It was indeed my pleasure to meet you and your team this evening at my office. Thank you most sincerely for your kind words and expression of support. I look forward to collaborating with Galaxy Backbone in areas that are necessary to achieve our common goals.”

The meeting was attended by key officials from both the Enugu State Government and Galaxy Backbone Limited. Present from the state government were Secretary to the State Government (SSG) Prof. Chidiebere Onyia, Special Adviser on Governor’s Delivery Unit Mr. Ozurumba Afigbo, and Special Adviser on ICT Mr. Nnaemeka Ani.

Representing Galaxy Backbone were Mr. Henry Akubue, Acting Regional Coordinator for South East and South South, Engr Udochi Ododo, Head of Solution Design, and Mr. Obinna Ifenze, Admin for South East and South South.

Hon. Segun Olulade commended Governor Peter Mbah for his hospitality and the productive discussions that promise to drive significant advancements in the state’s ICT landscape.

According to Hon. Olulade, “This partnership is poised to play a crucial role in the digital transformation of Enugu State, ensuring enhanced connectivity and improved services across various sectors.


45
/ 100


Continue Reading

Business

Oando Boss Wale Tinubu Shares Podium with other Top Executives at AAM 2024

Published

on

By

 

 

 

 

 

 

 

 

 

The  Group Chief Executive,  Oando PLC, Mr. Jubril Adewale Tinubu, will on Friday 14th, June, 2024 speak at the ongoing Afreximbank Annual Meetings 2024 in Nassau, Bahamas.

The oil player will  share insights on the vital role the private sector plays in transforming Afri-Caribbean opportunities into tangible realities.

From driving innovation and economic growth to forging sustainable partnerships, private enterprises are at the forefront of creating a prosperous future and empowering progress across regions.

This year, the AfriCaribbean Trade and Investment Forum (ACTIF2024) is incorporated fully within the Afreximbank Annual Meetings (AAM2024).

The Afreximbank Annual Meetings has become renowned as a uniquely multi-faceted event that cuts across the private/public sector with unmissable conferencing, deal-making, lobbying, entertainment and more. This year it forms Global Africa’s Greatest Gathering. At this momentous event, we anticipate welcoming several thousand attendees including African/Caribbean leaders and senior government officials, African and non-African policymakers, corporate and business leaders, bankers, entrepreneurs, academics and other thought leaders – with more than 60 speakers already confirmed.

The 3rd edition of the AfriCaribbean Trade and Investment Forum (ACTIF2024) explores the platform of Global Africa – to navigate new vistas for the Caribbean through African and global investments from across the diaspora; with more than 25 deals expected to be signed and new commercial and developmental initiatives to be announced.

Others  expected to speak at the forum include KC, Prime Minister of the Commonwealth of The Bahamas, The Honourable Philip Davis, H.E. Dr. Irfaan Ali, Chairperson of the Conference of Heads of Government of the Caribbean Community (CARICOM) & President of Guyana, Honourable Mia Amor Mottley, Former President, Republic of Niger and Leader of the African Continental Free Trade Area (AfCFTA), President and Chairman of the Board of Directors, Afreximbank, H.E. Prof. Benedict Okechukwu Oramah, Dangote,  Chairman and CEO, Dangote Group, Mr. Aliko Dangote,  Executive Vice President Office (Global Trade Bank), Afreximbank, Mr. Haytham Elmaayergi, Chairman, Access Holdings; Mr. Aigboje Imoukhuede;  Mr. Jeannel Wyclef Jean, an international musician, President and CEO; Corporate Council on Africa (CCA), Ms. Florizelle Liser, Former President, Federal Republic of Nigeria; H.E. Chief Olusegun Obasanjo, CEO, Fidelity Bank;  Mrs. Nneka Onyeali-Ikpe, Co-Founder RePlant Advisors LLC and Chair, National Hemp Association;  Mr. Geoff Whaling, Serena Williams; Tennis Champion and Founding Manager, Serena Ventures, among several others.

 

 


11
/ 100


Continue Reading

Trending News