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Why Tinubu Signed Executive Orders On Gas, Energy – Aide

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The Special Adviser to the President on Energy, Mrs. Olu Verheijen, has given reasons why President Bola Ahmed Tinubu signed Executive Orders to transform the gas and energy sectors of the economy, submitting that gas remains the best option for Nigeria’s attainment of energy stability.

The presidential aide, who addressed the media in Abuja on Friday, pointed out that the steps taken by the president was to make gas readily available to Nigerians at affordable rates for all purposes and reduce dependence on petrol and diesel.

Mrs. Verheijen said: “Our ambitions to accelerate our economic growth and diversify the economy for the benefit of all Nigerians require timely, credible, clear and consistent policy. We are faced with a revenue crisis which is impacting all Nigerians.

To urgently address this, President Bola Tinubu is actively seeking ways to grow revenue and forex to stabilize our economy and currency. The oil and gas sector is critical to our ability to do so. However, our current oil and gas production and investment levels falls significantly short of our potential.

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“Since 2016, Nigeria has only accounted for only four percent four percent of Africa’s total oil and gas investments, despite possessing 38 percent of the continent’s hydrocarbon reserves. A society is not rich because of its resources but because of what it does with those resources.

President Bola Ahmed Tinubu is determined to reverse this trend and take decisive steps to ensure to a conducive business climate and reposition Nigeria as a preferred investment destination for oil and gas sector,” she explained.

The energy adviser said that it was in a bid to reverse the negative tendencies in the sector that the president issued a directive to streamline and clarify the scope of two regulators in the petroleum sectors and to provide certainty and create a conducive business environment for the players.

She pointed out that consequent upon the directive, the TNP pipeline, which had been repeatedly vandalized, is now enjoying improved uptime and doubled its availability, resulting in increased liquids of over 200,000 barrels/day being transported over the last six months and increasing the availability of NLNG Trains 1-6 from 57 percent in 2023 to 70 percent in Q1 2024.

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The adviser said the president had also introduced fiscal incentives to deepen Compressed Natural Gas (CNG) and Liquified Petroleum Gas (LPG) penetration all aimed at easing the impact of fuel subsidies on transportation cost, enabling the displacement of PMS/Diesel and contributing to stabilising the price of cooking gas in the market and support the transition to clean cooking.

The presidential aide explained that the Fiscal Incentives for Non-Associated Gas (NAG), Midstream and Deepwater Oil and Gas Developments is aimed at facilitating the monetization of Nigeria’s extensive oil and gas resources.

She said: “For Gas, 76 percent of our gas reserves, remain undeveloped. This explains why, despite possessing one of the largest gas reserves globally, we lack sufficient gas to meet our domestic needs for industry, for power and for cooking. The fiscal incentives introduced will attract the much-needed investments to enhance energy security, catalyze economic activity, attract essential foreign exchange, and promote job creation.

“The President has issued directives to reduce contracting timelines and project delivery. Benchmarking and analysis revealed that the contracting cycle takes up to 36 months. This Directive should have the effect of compressing this cycle to less than 6 months in line with global averages. This will expedite the delivery of oil and gas products to the market and enhance overall value for the country.

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“Local Content Practice Reform: This Directive seeks to ensure that local content requirements are implemented in a manner that does not impede investments or the cost competitiveness of oil and gas projects. This Directive aims to reduce the cost premium of operating in Nigeria, presently averaging at 40 percent. We anticipate significant benefits from this reform, including the development of local companies’ capacity, thereby generating additional business opportunities, job creation and boosting economic growth.

On how the new policies would be implemented for effective results, the presidential aide, explained that the assignments had been shared among different levels of government agencies to be followed up by her office.

Under the arrangement, she said, the Minister of Finance/Co-coordinating Minister of the Economy will develop and propose amendments to introduce fiscal incentives for deep-water developments into legislation while the Federal Inland Revenue Service (FIRS) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will issue guidelines on the implementation of the fiscal incentives.

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Traders Raise Alarm Over Circulation Of Counterfeit In Borno

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Traders at the Kwaya Kusar Grains Market, Kwaya Kusar Local Government Area (LGA) of Borno have raised an alarm over the circulation of counterfeit N1,000 notes in circulation.

A cross-section of the traders raised their concern in separate interviews with the News Agency of Nigeria(NAN) in Kwaya Kusar community on Saturday.

According to them, the issue is not limited to Kwaya Kusar market but cuts across other markets in Biu and Bayo LGAs, where they normally buy their commodities depending on their market days.

They said that the issue was affecting their businesses and sabotaging the economic activities at the markets, while eroding trust between traders and their customers.

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Malam Ibrahim Yusuf, a grain trader from Gombe main market who came to Kwaya Kusar market to buy maize, said he had been a victim of fake currency notes twice.

“About three weeks ago, I went to Biu grain market to buy some bags of maize, and I was given four pieces of fake N1,000 notes, and I didn’t realise until I was in transit.

“It was when I was about to pay the driver that I saw one new N1,000 note that was very light and felt unusual in my hand, and I suspected it was fake. ”

He said he immediately called the person who gave him the currency to complain after discovering three other pieces of such notes in the cash he withdrew.

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“My profit is not much, as I make between N3,000 and N4,000 per bag after taking out transportation cost.

“Now I bought three bags, meaning I am expecting roughly N12, 000 but now I have N4,000 counterfeit notes, which means my profit margin has been reduced, ” he said.

He said government and relevant authorities should visit the various markets in Biu, Kwaya Kusar and even Shani rural markets to mop up these counterfeit notes and find the source.

“This is highly imperative, especially now that farmers have started harvesting their produce, which will surely increase the volume of trade in the markets.

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“Urgent action from relevant agencies is necessary to protect traders from making huge losses,” Yusuf said.

Also speaking, Alhaji Hassan Mai-Dawa said he was once a victim of fake N1,000 notes, which he collected from one of the POS operators in Kwaya Kusar.

He said it was when he went to deposit the money in the bank that the notes were discovered to be fake.

Mai-Dawa said many of the traders don’t collect transfers, so he had to withdraw from POS to be able to buy his goods.

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“I think this is something the government should come in because I also faced similar issues in Biu market.

“Many traders do not know the difference; so, we use the fake note alongside the original ones,” he said.

Mrs Hauwa Aminu, a rice trader, said she often noticed some unusual new N1,000 notes inside her cash, but she never really bothered because people collect them from her.

Aminu recounted an incident where she almost fought with a buyer who needed a refund after depositing cash the previous day.

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“I gave him the cash I had, and he rejected some of the notes, but I insisted that I am not the one printing them.

“It was an intense argument, and since then, that buyer never came back to my shop to buy from me, ” she said.

Aminu, however, appealed to the government to send its officials to some of the rural markets to monitor and make necessary arrests to protect traders.

Others who spoke to NAN but did not want their names mentioned also lamented their ordeals because they could not identify the counterfeit notes from original ones.

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They called for massive sensitisation to enable local traders to identify counterfeit notes to protect their businesses.

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At 71, Nigerian Man Enrolls at UI Law School: Here Is Why He Did It

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Not resting on his oars, 71-year-old Dr. Bolaji Ojo-Oba has proven right the age-old axiom that age is not a barrier to learning. Recently, Dr. Ojo-Oba went viral across various social media platforms, especially on TikTok. A video shared by his daughter, Rihanot Ojo-Oba, showed the septuagenarian sitting in class alongside his fellow colleagues.

Earlier this year, he was among the 4,430 newly admitted students for the 2025/2026 academic session at the University of Ibadan. He was formally matriculated during the university’s official ceremony in March 2026.

Studying at an advanced age in Nigeria is a powerful testament to lifelong learning, defying cultural stereotypes and proving that the quest for knowledge has no expiration date. According to him, he returned back to study law because of his lifelong ambition goal and the impact of a prolonged legal battle during his tenure at the Nigeria Football Federation (NFF).

Dr. Ojo-Oba’s illustrious career spans several decades, during which he has demonstrated exceptional leadership, versatility, and expertise. Ojo-Oba, who hails from Ibadanland, was born on 7 January, 1955. Last year, he marked his 70th birthday anniversary amid pomp and ceremony.

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He obtained his first degree in French from the University of Lagos and earned a Master’s in the same discipline from the same university. He later earned his Master’s and Doctorate in Sports Administration from the University of Ibadan.

A cursory look at Ojo-Oba’s intimidating and enriching profile reveals a man who did not stumble on stardom by accident, but intricately sketched his way to the top. It was a hard climb, assisted by perseverance.

Ojo-Oba started his career in the civil service in 1989 as a Senior Bilingual Secretary of the NSC. He became the Head of NFA’s International Competitions Department from 1990 to 1992, before later becoming the Head of Department of Competitions from 1992 to 1995.

Ojo-Oba later became NFA’s Head of Marketing and Sponsorship Department in 1995, before becoming an officer in the Federal Ministry of Youth and Sports Planning till 1997. He later served as the Commissioner for Information, Youth, Sports and Culture in Oyo State from 1997 to 1999.

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Ojo-Oba later rose to the post of an Assistant Director in the Federal Ministry of Sports And Social Development from 2004 to 2005. He subsequently served as Secretary-General of the Nigeria Football Federation (NFF) from January 15, 2007 to July 26, 2010.

He was for many years a security chieftain for both the Confederation of African Football (CAF) and FIFA, which he served meritoriously. Throughout his career, Dr. Ojo-Oba has exhibited a commitment to excellence, serving in various capacities, especially as a member of the Fédération Internationale de Football Association (FIFA) Committees.

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British-Nigerian Businessman Dies After Penis Enlargement Procedure in Thailand

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A 43-year-old British-Nigerian businessman and social media influencer, Igho Ubiribo, has died after undergoing a penis enlargement procedure while on holiday in Thailand with his wife.

An inquest at Inner West London Coroners’ Court heard last month that Ubiribo died in March after receiving 40-millilitre injections of hyaluronic acid and lidocaine at a clinic in Bangkok.

According to the *Daily Mail*, Ubiribo began experiencing chest pain and lost consciousness twice while receiving a massage with his wife, Danielle Simba Allen, following the procedure.

He was rushed by ambulance to Sukhumvit Hospital, where doctors identified a pulmonary embolism—a blood clot blocking a vessel in the lungs. He lost consciousness again before a recommended CT scan could be performed.

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Medical staff attempted to resuscitate him for more than 100 minutes, but he was pronounced dead in the early hours of March 6.

A postmortem conducted in the UK revealed that cellular material found in Ubiribo’s lungs matched the hyaluronic acid used in the penile filler injection, confirming the diagnosis of a pulmonary embolism.

Coroner Jean Harkin concluded that Ubiribo died “as the result of a cosmetic procedure abroad,” recording the official cause of death as a pulmonary embolism resulting from the hyaluronic acid injection.

The *Daily Mail* reported that Ubiribo, who had approximately 185,000 Instagram followers, was laid to rest in London in May. His funeral was attended by Nigerian musician Davido and several other prominent figures.

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Medical professionals have long warned against penile filler procedures. Professor Vaibhav Modgil, an NHS andrology specialist and consultant urological surgeon, noted that such procedures carry severe risks and can lead to devastating consequences for patients.

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