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NUPRC Transforming Nigeria’s Oil and Gas – Report

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A recent report by the Renewed Hope Ambassadors Network (RHAN) has highlighted the significant strides made by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in transforming the country’s oil and gas sector.

The report assesses the impact of the Petroleum Industry Act (PIA) and the efforts of NUPRC under the leadership of Engr. Gbenga Komolafe.

The report notes that Komolafe’s leadership has made significant strides in restoring the lost glory of Nigeria’s oil and gas sector.

In the report signed by its secretary general, Fabian Opialu, the group said the commission has embraced digitalization, ensuring real-time monitoring of oil production and compliance, which has helped curb crude oil theft and improved accuracy in production reporting.

Furthermore, the report also said the NUPRC has strengthened engagement with host communities, ensuring benefits from oil production reach local populations, and has facilitated open dialogue and cooperation between government agencies, international investors, and host communities.

Despite these achievements, challenges persist, including oil theft, regulatory bottlenecks, and security threats.

To overcome these challenges, the report recommends that the NUPRC continue to enhance transparency and digitalization, strengthening security measures by implementing cutting-edge surveillance technologies to address oil theft and pipeline damage.

The report also urged the commission to maintain improved stakeholder engagement, ensuring continuous dialogue with host communities, international investors, and oil-producing firms.

“Undoubtedly, Nigeria’s oil and gas sector has undergone a dramatic transformation since the petroleum Industrial Act (PIA) was passed,” the report said.

“It has contributed to the establishment of a well-organized regulatory environment with the goal of improving investment opportunities, efficiency, and transparency.

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“In addition to ensuring that regulatory oversight is reinforced to support sustainable growth in the upstream petroleum sector, the establishment of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been crucial in advancing these reforms.

“However, with Engineer Gbenga Komolafe strategic foresight in increasing operational efficiency in NUPRC, it can be conclusively said that, better than before, an atmosphere that is favorable to investment and economic expansion now exist.

“Despite putting policies like security enhancement, digitization, stakeholder engagement, and revenue optimization in place, challenges such as bureaucratic hurdles, host community concerns, and oil theft, though now at minimal, still remain issues that require continuous attention and strategic interventions.

“We are convinced that with consistent implementation of reforms and a commitment to global best practices, the PIA and the efforts of the NUPRC will continue to shape Nigeria’s oil and gas industry, ensuring it remains a vital contributor to national economic development.”

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Sokoto Lawmakers Rates Gov. Aliyu High On Project Without Loan

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BY ANKELI EMMANUEL, Sokoto

The Deputy Speaker, Sokoto State House of Assembly, Kabir Ibrahim kware, has commended governor Ahmed Aliyu for executing numerous developmental projects without taking loan from any financial institution.

Ibrahim Kware whp gave the commendation when he led other members of the State Assembly on Sallah homage to governor Aliyu, added that, the governor is very prudent in managing resources to achieve results.

“There was never a time you approached us with a request for permission to borrow money from any financial institutions whether at home or abroad,”he affirmed.

This , according to him, is worthy of commendation considering the myriad people- oriented projects the governor is executing across the state.

Speaking on behalf of the State’s Judiciary, Sokoto State Chief Judge, Justice Muhammad Sa’idu Sifawa, commended the governor for the construction of additional Court rooms at the State High Court.

Justice Sifawa also expressed delight over the way and manner the governor responds to issues affecting the Judiciary, which he said, is a clear testimony of the good working relationship existing between the three arms of government in the state.

Responding to the commendations, governor Ahmed Aliyu appealed for more synergy among the three tiers of government in the overall development of the state.

A statement by Abubakar Bawa, the Press Secretary to governor Alhmed Aliyu reaffirmed his principal’s unwavering commitment of the executive arm to providing the direly needed dividends of democracy to the people of the state,in line with his campaign promises.

The governor also urged lawmakers to present all the needs of their constituencies for prompt and diligent implementation.

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“”I want to assure you that my doors are always open for you at any given time, to listen to the demands of your people.”

He reminded them on the need to put politics aside and work together with the executive arm for the progress and even development of the people they represent.

Turning to the members of the State Judiciary, the governor appealed to Judges and Khadis to ensure the quick dispensation of justice, so as to decongest the correctional centres.

“It is worrisome to see how inmates are languishing in correctional centres for minor offences in the name of awaiting trial.

“We recently appointed seven additional Judges and 7 Khadis, which is the first in the history of Sokoto State.

“The idea is to enhance the manpower in our Judiciary so as to speed up the dispensation of justice,” he added.

The governor further assured the members of the Judiciary of his administration’s readiness to ensure their welfare at all times.

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Sultan Commends Sokoto Governor, Assures Support 

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BY ANKELI EMMANUEL, Sokoto

The Sultan of Sokoto and President General, Nigeria Supreme Council for Islamic Affairs (NSCIA) Muahammad Sa’ad Abubakar 111 has commended the developmental strides of Sokoto state governor, Ahmed Aliyu, just as he assured of the support of traditional institutions in the state.

Sultan who admonished other governor’s to also borrow a leaf from governor Ahmed Aliyu who ensures that resident communities enjoys equal benefit from everybody, added that, Nigerians should project what unites us moe than that which divides us.

“In Sokoto, we appreciate what the Governor is doing and we’d like to assure him of the support of the traditional institution so that he can continue the good work he’s doing of transforming our State.

“The Governor and our security agencies are doing their best and this has made the state to record tremendous improvement in the fight against banditry,” the Sultan averred.

While adding that  governor Ahmed  Aliyu deserves special commendation for the massive distribution of food items during the just-concluded Ramadan fast, Sultan urged  Nigerians to always be law-abiding and desist from any act that may jeopardise  the long lasting peace the country is enjoying.

Registering his displeasure over how the social media is been used negatively to promote and sow seed o discord, the Sultan said, some unpatriotic citizens  use social media to spread falsehood, misinformation and provocative statements that can  destroy the peaceful atmosphere the country is enjoying.

He, therefore, called on the security agencies in the country to be watchful of the unpatriotic citizens  trying to create chaos in the land.

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Speaking during his
Sallah homage on governor Ahmed Aliyu at the Banquet Hall, Presidential Lodge, Sokoto, Sultan
said, “”In Sokoto all Nigerians are treated as indigenes, an act that gives Nigerians residing in the State a sense of belonging.

Sultan equally  stressed the need for for state governors to give much emphasis in protecting the lives and property of their subjects, describing security as the basis upon which all societies could progress.

Responding, governor Ahmed Aliyu reassured his administration’s determination to do everything humanly possible to make the state safe and secured.

He blamed unemployment especially among the youths as responsible for the insecurity being recorded in many parts of the country.

According to Aliyu, many youths have joined  informants’ groups  so as to be getting stipends to make ends meet.

“This administration has so far trained and graduated thousands of youths and women in different trades so as to make them productive members in the society.

” I want to assure you that we would soon embark on another massive skills acquisition programme to engage more unemployed youths in our modest attempt to reduce restiveness among our youths,” he vowed

Gov. Aliyu further reassured the people of the state that his administration would continue to prioritize Islamic affairs, adding that more Mosques and Islamiyya schools would continue to receive the desired attention from the state government.

He thanked the people of the state for their fervent prayers and support to his administration and called for it’s sustainance.

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Sterling Bank Eliminates Transfer Fees, Challenges Industry Standards

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Sterling Bank has made a groundbreaking move by eliminating transfer charges on local transactions, aiming to create a more equitable banking experience for Nigerians. The question now arises: will other financial institutions follow this lead?

On April 1, Sterling Bank announced the removal of transfer fees for all local digital transactions, positioning itself as the first major bank in Nigeria to implement such a policy. Initially, the announcement faced skepticism, with many believing it to be an April Fools’ Day joke. However, Sterling has since reaffirmed the policy’s legitimacy and immediate implementation, signaling a significant evolution in the industry’s customer service approach.

Obinna Ukachukwu, the Growth Executive overseeing the Consumer and Business Banking Directorate, stated, “We believe that accessing your own funds should not incur a penalty. This decision transcends financial implications; it reflects our core values.”

With this new policy, Sterling customers can now make free transfers for all local transactions via the bank’s mobile app. This initiative is anticipated to yield considerable savings for individuals and small business owners who frequently engage in transfers.

“We may not be the largest bank in Nigeria, but we are certainly the most audacious,” Ukachukwu declared. “Sterling Bank is committed to the future of Nigeria, and we are backing our fellow citizens with more than just words.”

Sterling Bank has a history of prioritizing customer welfare, having previously offered financial assistance to healthcare workers during the COVID-19 pandemic. This latest initiative has garnered widespread public support, igniting conversations on social media and prompting calls for other banks to adopt similar practices.

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“We take pride in leading this transformative change,” Ukachukwu concluded. “We hope to inspire others to rethink what customers truly require from their banks, not only in terms of services but also in values.”

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