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JUST IN: President Tinubu Signs Executive Orders On Petroleum Sector Reform

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President Bola Ahmed Tinubu on Wednesday signed three executive orders, targeted at positioning Nigeria as a preferred oil and gas investment destination in Africa.

In a statement obtained by Vanguard, Special Adviser to the President on Media & Publicity, Ajuri Ngelale, stated: “Following extensive engagements, analyses, and benchmarking with other jurisdictions, the President has initiated the amendment of primary legislation to introduce fiscal incentives for oil & gas projects, reduce contracting costs and timelines, and promote cost efficiency in local content requirements.

“Recognizing the urgency to accelerate investments, the President has directed as follows, Introduction of fiscal incentives for non-associated gas, midstream and deepwater developments, streamlining of contracting process to compress the contracting cycle to six months and ⁠the application of the local content requirements without hindering investments or the cost competitiveness.

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“The details of these Policy Directives will be gazetted and communicated by the Federal Ministry of Information and National Orientation.

READ ALSO: SERAP Sues Tinubu ‘Over Failure To Probe Missing $3.4 Billion IMF Loan’

“These incentives were developed in collaboration with the Federal Ministry of Justice, Federal Ministry of Finance, Federal Ministry of Petroleum, Federal Ministry of Budget and Economic Planning, Federal Inland Revenue Service, the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian Midstream and Downstream Petroleum Regulatory Commission, and the Nigerian Content Development and Monitoring Board.

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“The Special Adviser to the President on Energy has been directed to continue coordinating the aforementioned stakeholders to ensure the implementation of these directives within a stipulated time frame.”

Meanwhile, Nigeria’s oil production grew by 8.7 percent in January 2024 to 1.64 million barrels per day when compared to the 1.51 million barrels per day produced over corresponding period last year, latest data from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has indicated.

The Commission in its crude oil and condensate production report for the month of January 2024 showed that average daily liquid production was 1.42 million barrels while average daily condensate production was 217,097 barrels.

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A closer look at the report showed that in total, oil production for the month of January was 50.95 million barrels, made up of 44.44 million liquid production and 6.7 million barrels of condensate oil.

The Commission disclosed that Forcados with 8.7 million barrels and Bonny with 6.9 million barrels, were the highest reporting terminals.

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The Commission Chief Executive, Engr. Gbenga Komolafe had recently said that NUPRC has adopted measures that would tackle challenges facing the oil and gas sector and boost production in the country.

In a presentation in Lagos, Komolafe said Nigeria’s oil production currently averages 1.586 million barrels per day, made up of 1.33mbpd liquid production and 256,000 condensate oil production.

He explained that measures adopted by the Commission include improved transparency in hydrocarbon measurement and accounting, collaborative work programme administration with the exploration & production companies, and close monitoring to ensure that they meet their work programme obligations.

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Others are acceleration of field developments through timely approvals and ensuring speedy execution, production optimisation by ensuring wells are tested periodically and produced at optimal rates, identifying candidate wells for work-over and interventions as well as the adoption of Enhanced Oil Recovery processes and technologies.
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Canada Flags Nigeria, 16 African Countries As High-risk In New Travel Advisory

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The Government of Canada has issued a new advisory urging citizens to avoid all non-essential travel to Nigeria, including the capital city, Abuja, citing an increasingly unpredictable security environment marked by terrorism, crime, armed attacks, and kidnappings.

The Canadian government dropped one of its biggest travel‑risk updates in years, warning citizens to steer clear of 17 African countries because of spiraling insecurity, political turmoil and extremist violence.

Canadian officials point to a perfect storm of threats: expanding extremist networks in the Sahel and Horn of Africa, a wave of military coups, communal clashes, mass protests, cross‑border crime, and fragile governance that leaves many states barely holding together.

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On the ‘Avoid All Travel’ hot spots destinations are: South Sudan, Burkina Faso, Central African Republic, Libya, Mali, Niger, Somalia and Sudan while the ‘Avoid Non‑Essential Travel’ list includes Madagascar, Ethiopia, Burundi, Chad, Democratic Republic of Congo, Eritrea, Mauritania, Nigeria and Tanzania.

READ ALSO:Nigerian Musician Dies In Canada

The advisory, released yesterday, highlights that while the entire country faces elevated risks, certain regions are considered so dangerous that Canadians are urged to avoid all travel.

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The only exceptions to the broader warning are the cities of Lagos and Calabar, where travellers are advised to exercise a high degree of caution rather than avoid travel altogether.

According to the travel advice, wide swaths of northern and central Nigeria are experiencing sustained instability driven by extremist violence, banditry, and inter-communal clashes.

The government specifically names the northwestern states of Kaduna, Kano, Katsina, Sokoto and Zamfara; the northcentral states of Plateau, Niger and Kogi; and much of the northeast, including Adamawa, Bauchi, Borno, Gombe, Jigawa, Taraba and Yobe.

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According to the travel advice, the Niger Delta region also remains volatile. Canada advises avoiding all travel to Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Enugu, Imo and Rivers states, though it stops short of a blanket ban on Port Harcourt itself, recommending instead that travellers avoid non-essential trips there.

Canada’s updated advisory places Nigeria among the most high-risk destinations for Canadians worldwide. The government urges anyone currently in the country to remain vigilant, limit movement, and monitor local media for developing threats.

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Condom Distribution Dalls 55% In Nigeria

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The agency launched its 2025 World AIDS Day report, Overcoming Disruption, Transforming the AIDS Response, on Tuesday, warning that the global HIV response is experiencing its most significant setback in decades.

In its report, UNAIDS highlighted widespread disruption to HIV prevention, testing, and community-led programmes.

The agency noted that across 13 countries, the number of people newly initiated on treatment has also declined.

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Nigeria recorded a 55 per cent drop in condom distribution,” the report stated. The agency also drew attention to the effect on women in sub-Saharan Africa, noting that approximately 450,000 women have lost access to “mother mentors,” community workers who support their connection to care.

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Winnie Byanyima, Executive Director of UNAIDS, said the decline is linked to abrupt funding cuts and a worsening human rights environment.

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Speaking from Geneva, she said, “The funding crisis has exposed the fragility of the progress we fought so hard to achieve. Behind every data point in this report are people. Babies missed for HIV screening, young women cut off from prevention support, and communities suddenly left without services and care. We cannot abandon them.”

UNAIDS stressed the particular vulnerability of adolescent girls and young women, who were already severely affected prior to the crisis, with an estimated 570 new HIV infections occurring daily among females aged 15 to 24.

“This is our moment to choose,” Byanyima said. “We can allow these shocks to undo decades of hard-won gains, or we can unite behind the shared vision of ending AIDS. Millions of lives depend on the choices we make today.”

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The report indicated that dismantled prevention programmes have increased risk for young women and that community-led organisations, essential to HIV outreach, are under severe pressure.

More than 60 per cent of women-led organisations reported having to suspend essential services. UNAIDS modelling suggests that continued disruption could result in an additional 3.3 million new HIV infections between 2025 and 2030.

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The agency warned that international assistance has declined sharply, with Organisation for Economic Co-operation and Development projections indicating external health funding may drop by 30 to 40 per cent in 2025 compared with 2023.

READ ALSO:US Makes U-turn, To Attend G20 Summit In South Africa

The impact has been immediate and severe, especially in low- and middle-income countries highly affected by HIV,” the report noted.

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UNAIDS urged world leaders to maintain and increase HIV funding, particularly for countries reliant on external support, while investing in innovations such as affordable long-acting prevention.

The agency noted the importance of upholding human rights and empowering communities as central to an effective response to HIV.

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UK Rejects Nigeria’s Request To Transfer Ekweremadu

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The United Kingdom has rejected a request from the Nigerian government to transfer former Deputy Senate President Ike Ekweremadu to Nigeria to complete his prison sentence.

Ekweremadu is serving time in a UK facility after he was found guilty in 2023 of plotting to harvest the kidney of a young man.

He received a jail term of nine years and eight months following the conviction, which stemmed from a high-profile organ-trafficking case that drew international attention.

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READ ALSO: Ekweremadu: S’East Leaders Divided Over Planned Transfer To Nigerian Prison

With the latest decision, Ekweremadu will remain in the UK to serve out the remainder of his sentence.

 

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