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ACF laments controversies surrounding Dangote refinery

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The Arewa Consultative Forum (ACF) has voiced its concern over the ongoing national and international controversies surrounding the Dangote Petroleum Refinery and Petrochemicals Industrial Free Zone Enterprise (DPRPI).
This is contained in a statement by  by Prof. Tanko Muhammad -Baba, ACF’s National Publicity Secretary, issued on Monday in Kaduna
The forum highlighted that Dangote, a prominent Nigerian brand recognised globally, has made significant contributions to the economy by providing products, services, and employment opportunities in Nigeria and beyond.
 ACF said that the DPRPI, located in Ibeju-Lekki, Lagos State, is a world-class, highly automated facility that produces various petroleum products and chemical fertilizers for both domestic and international markets.
According to Muhammad-Baba, given the scale and impact of the refinery, the ACF was not surprised that it has become a target of envy, controversy, and even sabotage from competing interests.
In response to the ongoing criticisms, a delegation from the ACF visited the DPRPI complex on July 30, 2024, to gain firsthand knowledge of the facility.
 The delegation was impressed by the refinery’s advanced quality testing and control laboratories.
They are equipped with the state-of-the-art facilities that meet and surpass global industry standards, including those set by US and European regulators.
Following the visit, the ACF declared that the DPRPI should be a source of national pride, rather than the subject of negative press and misinformation.
 The forum commended Aliko Dangote, the visionary entrepreneur behind the refinery, for his courageous efforts to industrialize Nigeria.
 The ACF condemned the attempts by some oil-related public and business entities, including the Nigerian National Petroleum Company Ltd (NNPCL), to undermine the DPRPI through misinformation.
 ACF also expressed concern over the international efforts to de-market the refinery, viewing it as an attempt by global oil interests to challenge a successful Nigerian enterprise led by an African.
 The forum further expressed its support for the ongoing investigations by the National Assembly to address the claims and counterclaims surrounding the DPRPI.
 ACF also  emphasised the need for a fair and transparent investigation to resolve the controversy and ensure the refinery’s economic benefits for Nigeria.
The forum  welcomed President Bola  Tinubu’s directive for the NNPCL to supply crude oil to the DPRPI and other refining entities, describing it as a commendable decision that demonstrates foresight and good judgment.
The forum also called on other entrepreneurs and investors to follow the example set by the DPRPI initiative.
It urged public regulatory agencies to support the aspirations of indigenous entrepreneurs seeking to invest in Nigeria’s industrial development.
Given the apparent international dimension to the efforts to undermine the DPRPI, the ACF called on the Nigerian government and other African nations to deploy diplomatic influence and policy resources to resist attempts to deny their right to industrialise and develop.(NAN)
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Nigeria’s oil reserves stand at 37.28bn barrels, gas hit 210.54 tcf – NUPRC

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Friday said that the nation’s crude oil reserves stood at 37.28 billion barrels (bb) as at Jan. 1, 2025.

The commission also said that Nigeria’s gas reserves hit 210.54 trillion Cubic Feet (tcf).

Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, who stated this said that oil and condensate reserves stood at 31.44bb and 5.84bb respectively, amounting to a total of 37.28 bb.

The News Agency of Nigeria (NAN) reports that the figure is against the 37.50 bb of proven crude oil reserves and proven natural gas reserves 209.26 tcf recorded in 2024.

Komolafe said the Associated Gas and Non-Associated Gas reserves stood at 101.03 tcf and 109.51 tcf, respectively, resulting in total gas reserves of 210.54 tcf.

According to Komolafe, the commission in keeping with its mandate as enshrined in the Petroleum Industry Act (PIA 2021), is committed to driving the efficiency and effectiveness of the upstream oil and gas sector.

He assured enhancing the growth of oil and gas reserves towards ensuring sustainable increase in production for shared prosperity, as articulated in the Regulatory Action Plan for 2024 and the Near Term.

“Against the foregoing, I am pleased to present to you an overview of the Nation’s oil, condensate, associated gas, and non-associated gas reserves as of January 1, 2025, as follows:

“Crude Oil and Condensate reserves stands at 31.44bb and 5.84bb respectively, amounting to a total of 37.28bb.

“Associated Gas and Non-Associated Gas reserves stands at 101.03 tcf and 109.51 tcf, respectively, resulting in total gas reserves of 210.54 tcf.

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“The Reserves Life Index is 64 Years and 93 Years for Oil and Gas, respectively.

“In view of the above, and in furtherance of Chapter 1, Part III, Section 7 (g), (i), (j), (k), (m), (q), (r), and other powers enabling me in this respect, I, Engr. Gbenga Komolafe, CCE, hereby declare the total oil and condensate reserves of 37.28bb.

“And total gas reserves of 210.54 tcf as the official National Petroleum Reserves Position as of Jan. 1, 2025,’’ he said. (NAN)

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Boko Haram Holding Authority In Three Borno Communities— Ndume

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Boko Haram terrorists are holding authorities in some communities in three local government areas of Borno State, according to Senator Ali Ndume.

The Borno South lawmaker said this on Friday when he was featured on Channels Television’s Politics Today.

According to him, there are no civil authorities in those areas, which he said are being governed by the terrorists.

“Yes, three,” he said on Friday’s edition of the show when asked if areas are being governed by the Boko Haram terrorists in the North-East state.

“What we are saying is that there is no civil authority there, and the authority is Boko Haram,” the Borno South Senator said.

He listed the areas as “Gudumbali (in Guzamala LGA), Marte, and Abadam”.

“None,” he said when asked if there are civil authority in these areas.

Senator Ndume said the security agencies are not properly equipped to tackle the insurgency, which he decried is beginning to fester in the North-East state.

His comment came days after the Borno State Governor, Babagana Zulum, decried the rising spate of insecurity in the area.

The governor said the state is losing ground in the fight against Boko Haram, asking for help.

“As I address this important gathering today, it is unfortunate that the renewed Boko Haram attacks and kidnappings in many communities almost on a daily basis without confrontation signalled that Borno State is losing ground,” the governor said, a fact Ndume agrees with.

During the show, the vocal lawmaker of the ruling All Progressives Congress (APC) said there have been hundreds of attacks in Borno State since the beginning of the year.

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“From November last year till date, there were over 250 attacks in the state, and somebody is saying we should ignore the governor,” the APC chieftain said.

“We have lost more than 100 soldiers, nearly 300 civilians even though our soldiers gallantly killed 800 of those terrorists within this period.”

“It is like a stagnated situation,” he said about the state of security in the country, arguing that President Bola Tinubu should declare a state of emergency on security, the welfare of the citizens, and the economy.

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FG Forms Sub-Committee To Evaluate US Tariff Impact

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The federal government has constituted a sub-committee to evaluate the potential economic impact of the recent tariff measures announced by the United States government.

The decision followed a meeting of the Economic Management Team (EMT), chaired by Wale Edun, minister of finance and coordinating minister of the economy, according to a statement issued on Friday by Mohammed Manga, director of information and public relations at the ministry.

On April 2, US President Donald Trump announced sweeping global tariffs on all imports into the country, including Nigeria.

A few days later, Edun said Nigeria is well-positioned to withstand global trade disruptions, including the United States import tariffs.

He said plans were underway for possible budget adjustment and prioritisation where possible.

To assess the impact of the tariffs, Manga said the EMT convened earlier in the week with key ministries and agencies to review the fiscal and macroeconomic implications of emerging global trade dynamics.

He said the EMT noted that while Nigeria’s major export — crude oil — has not been directly targeted by the new US tariffs, the policy shift has coincided with a dip in international oil prices, raising concern over potential revenue and budgetary pressures.

“To support evidence-based policymaking, the EMT has established a sub-committee tasked with conducting a detailed review of the direct and indirect economic impacts of both the emerging tariff measures and the global commodity price shifts,” Manga said.

“The sub-committee includes representatives from the ministry of finance, ministry of budget and economic planning, (including budget office of the Federation), and the Central Bank of Nigeria (CBN).”

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Manga also said the sub-committee has already held its inaugural meeting and is expected to present its findings to the full EMT without delay.

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