National
Shettima seeks enhance support for FG’s job creation, agric programmes
Vice-President Kashim Shettima has implored development partners to provide more support for President Bola Tinubu’s administration to deliver on its Renewed Hope Agenda’s priority areas.
Shettima listed the priority areas to include e-mobilit;, job creation, agriculture, food security, the power sector, among others.
He stated this on Monday when he received the Global Managing Director of the Tony Blair Institute, Mr Michael McNair, on a courtesy visit to the Presidential Villa, Abuja.
According to Shettima, delivering on the priority areas will help in addressing some of the challenges bedeviling the country, particularly the security situation occasioned by terrorism, kidnapping and banditry.
He reitrated the commitment of the Tinubu’s administration to deliver on the Renewed Hope Agenda, adding tha: “It is easy to talk but how to walk the talk is the most important component of leadership”.
Shettima also sought the support of development partners on Tinubu administration’s drive to deepen the deployment and use of e-vehicles for public transportation.
The Vice President urged the TBI to make available its expertise in enhancing the adoption of the technology in the country.
” I crave your indulgence to support us in e-mobility. We want your perspective and your input on the deployment and use of e-mobility, we want to adopt and adhere to global best practices”.
He applauded TBI’s partnership with Nigeria, especially in the nation’s effort to deepen the quality of governance and leadership in priority areas of job creation, agriculture and food security.
He also lauded the institute for its support to the power sector through the Niger Delta Power Holding Company (NDPHC), and the delivery unit that would track government efforts.
According to him, given the burden of Nigeria’s growing population with all of its implications, government must improve on the quality of governance.
” There is no magic wand beyond delivering the dividends of democracy to the people.
“Once we create jobs and engage the youths, the challenges of terrorism, kidnappings and banditry will be drastically curtailed,” he added.
Earlier, McNair, commended Tinubu and Shettima’s leadership.
He noted that Shettima’s impressive outing at the World Economic Forum, particularly his commitment to Africa’s future, was indicative of the country’s direction.
McNair said he was in Nigeria to appraise the work started by the TBI team in the country, especially in supporting the new administration to deliver on set goals.
He said: “TBI’s success is in helping the administration to achieve its mandate across different sectors”.
He said the institute was committed toward supporting growth and development in Africa and Nigeria in particular in key areas identified by the administration.
He noted that the organisation was prepared to deploy additional resources to achieve target objectives in the country.
Also present at the meeting were TBI Regional Director, Anglophone West & Central Africa, Ope-Oluwa Adejoro; TBI Country Director for Nigeria, Joy Dariye, and senior executives at the institute, Ahmed Ibrahim and Victor Adamu. (NAN
President Bola Ahmed Tinubu has officially dissolved the board of the Nigerian National Petroleum Company Limited (NNPCL), which includes the removal of Group Chief Executive Officer (GCEO) Mele Kyari and Chairman Pius Akinyelure, along with all other board members appointed in November 2023.
In an announcement, the President introduced an 11-member restructured board, appointing Engineer Bashir Bayo Ojulari as the new GCEO and Ahmadu Musa Kida as the Non-Executive Chairman. These changes are effective immediately, as stated by Bayo Onanuga, Special Adviser to the President on Information & Strategy.
Emphasizing the need for “enhanced operational efficiency, restored investor confidence, and a more commercially viable NNPC,” President Tinubu exercised his authority under Section 59(2) of the Petroleum Industry Act (PIA) 2021 to implement this significant reorganization.
The newly formed board comprises Adedapo Segun, who continues as Chief Financial Officer (CFO), alongside six non-executive directors representing Nigeria’s geopolitical zones: Bello Rabiu (North West), Yusuf Usman (North East), Babs Omotowa (North Central), Austin Avuru (South-South), David Ige (South West), and Henry Obih (South East). Additionally, Mrs. Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance, and Aminu Said Ahmed, representing the Ministry of Petroleum Resources, will serve on the board.
The President has charged the new board with conducting a strategic review of NNPC-operated and Joint Venture assets to optimize value. This includes increasing crude oil production to 2 million barrels per day (bpd) by 2027 and 3 million bpd by 2030, boosting gas production to 8 billion cubic feet daily by 2027 and 10 billion by 2030, and expanding NNPC’s refining capacity to 200,000 bpd by 2027 and 500,000 bpd by 2030. The administration also aims to attract $30 billion in oil investments by 2027 and $60 billion by 2030, building on the $17 billion secured in 2024.
Ahmadu Musa Kida, the new Chairman, is a Borno-born engineer and former Deputy Managing Director of Total Nigeria. He also has a background in basketball, having served as the ex-president of the Nigeria Basketball Federation (NBBF). Bashir Bayo Ojulari, the newly appointed GCEO, hails from Kwara State and was previously the Executive Vice President of Renaissance Africa Energy, where he led a $2.4 billion acquisition of Shell’s Nigerian assets. He brings extensive experience from Elf and Shell, having worked across Europe and the Middle East.
President Tinubu expressed gratitude to the outgoing board for their contributions, particularly their efforts in reviving the Port Harcourt and Warri refineries, which have resumed production after years of dormancy. Analysts view this leadership change as part of Tinubu’s broader reforms in the oil sector, following last year’s removal of fuel subsidies and the promotion of private refinery investments. With the new team established, there are high expectations for enhanced transparency, efficiency, and profitability within Nigeria’s state oil enterprise.
Heineken Lokpobiri, minister of state for petroleum resources, says the federal government plans to commence implementing the drill-or-drop provisions of the Petroleum Industry Act (PIA).
Section 94 of the PIA gives operators a period of three years to begin oil production or relinquish the assets to the federal government.
Speaking during the Cross Industry Group (CIG) meeting held on Tuesday in Florence, Italy, Lokpobiri said it is in the best interest of the country that all inactive wells go to work.
He said the federal government, under the leadership of President Bola Tinubu, has provided every necessary incentive to ensure international oil companies (IOCs) in Nigeria run smoothly and profitably.
“Now, it is imperative for these industry players to match the government’s efforts with increased investment by announcing final investment decisions (FIDs),” he said.
Furthermore, Lokpobiri discussed “the challenges, expectations, and measures to enhance the sector’s contributions towards domestic energy needs and regional expansion across Sub-Saharan Africa”.
He emphasised that while IOCs have highlighted engineering, procurement, and construction (EPC) contractors as a challenge, “EPCs will not come unless they see strong commitments from industry players”.
“The government has done its part to provide the requisite and investment-friendly fiscals, the ball is now in the court of the IOCs and other operators to make strategic investment decisions that will drive increased production and sustainability in the sector,” he said.
“We must also recognise that domestic crude supply is essential to national energy security. The best solution to this challenge lies in increasing production, which will ensure a balance between domestic supply obligations and external commitments.”
The minister further urged industry players to explore collaborative measures, such as shared resources for contiguous assets and the release of underutilised assets to operators ready to invest in production.
The minority caucus in the house of representatives has condemned the killing of 16 Kano-bound hunters in Edo state.
On Thursday, a mob in the Uromi area of Edo killed 16 hunters of northern descent who were travelling from Elele, Rivers state.
The travellers were attacked and lynched after some vigilance group members raised the alarm on suspicion that they were kidnappers.
The Edo state government said 14 suspects arrested in connection with the killing would be transferred to Abuja for further interrogation.
During a visit to some of the families of the victims at Bankure LGA in Kano, Monday Okpebholo, governor of Edo, assured that justice would be served.
In a statement issued on Monday, the minority caucus described the killing of the hunters as “barbaric”.
“We find such brutal killings of innocent Nigerians in any part of the country by lawless mobs very reprehensible, and if allowed to fester without being put in check by responsible organs of the federal government, such actions could threaten the peace and unity of the country,” the statement reads.
The lawmakers asked Nigerians never to resort to jungle attacks on fellow citizens but to always report any concerns to security agencies.
“We are a nation under the rule of laws, and our law enforcement agencies are always available to partner with every Nigerian to assuage their concerns,” the caucus said.
While noting that the incident is “already setting emotions on edge” in parts of the country, the legislators urged President Bola Tinubu to ensure that the security agencies investigate this matter and bring the perpetrators to justice.
“Also, adequate compensation should be paid to the affected families,” the caucus said.
The lawmakers implored Nigerians to remain calm, peaceful, and law-abiding and allow the federal and state governments to investigate the matter and ensure justice is served.
The statement was signed by Kingsley Chinda, minority leader; Ali Isa, minority whip; and Aliyu Madaki, deputy minority leader.