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Nigeria Requires $410bn By 2060 To Address Energy Constraints, Policy Flexibility – Sylva

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The Federal Government has revealed that in order to tackle Nigeria’s energy constraints and policy flexibility, it will require $410 billion by the year 2060.

It explained that the sum of $10 billion will be needed per annum to achieve the transition plan.

Minister of State for Petroleum Resources, Timipre Sylva, represented by the Permanent Secretary, Gabriel Tanimu Aduda,
stated this at the 7th Meeting of National Council on Hydrocarbons in Minna, Niger State.

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Speaking on the theme, Roadmap and Strategic Option Towards Achieving Energy Transition in Nigeria, Sylva explained that the country is committed to achieving carbon neutrality, ending energy poverty by lifting 100 million people out of poverty and driving economic growth.

“Nigeria will be one of the 50 to have launched its guidelines for the management of fugitive methane and greenhouse gases emissions in the upstream oil and gas sector latest this year.

READ ALSO: PIA To Unlock Investments In Nigeria’s Oil And Gas Sector – Sylva

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“Hence, the gathering of experts and policy makers in energy sector was designed to discuss and review energy related issues, identified opportunities, problems to proffers solutions in line with global best practices,” he revealed.”

The minister also disclosed that the country, through the Solid Minerals Development Fund is on the verge of unveiling its cutting edge technology in gold mining to eliminate harmful reagents, use of cyanide for human and environmentally friendly practices.

On Hydro carbons deposit in the Bida basin-, Sylva added, “thirty-four memorandums were received, seven were merged while eleven were stepped down. The memos were presented to the council for consideration that the Niger State has large quantity of solid resources and hydrocarbon deposit in commercial quantity”.

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Also, Niger State Governor, Alhaji Abubakar Sani Bello, in his address said the state has commercial deposit of hydrocarbons in Bida Basin sequel to the progressive reports and findings of the consultants from IBBU Lapai and FUT Minna.

Bello who spoke through the Secretary to the State Government SSG Alh. Ahmed Ibrahim Matane appealed to the relevant agencies to expedite actions on the exploration in the Bida Basin for optimal benefits.

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BREAKING: NNPCL Reduces Fuel Price After Dangote Refinery, Depot Owners Cut Rates

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The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price after Dangote Refinery and depot owners dropped ex-depot prices.

A visit to filling stations in Abuja on Thursday, gathered that the state-owned firm has slashed its fuel price to N930 per litre from N945.

The downward adjustment has been implemented in NNPCL retail outlets in Kubwa Expressway, Gwarimpa, Wuse Zone 4, Zone 6 and filling stations within Abuja and environs.

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This means that NNPCL reduced its fuel retail price by N10 per litre.

READ ALSO:EFCC Grills Ex-NNPCL Boss, Mele Kyari

It was also observed that other Nigerian filling stations, such as Ranoil in Gwarimpa, have reduced fuel pump prices by N5 to N935 per litre from N940.

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Similarly, MRS and AP Ardova filling stations in Abuja are currently dispensing their petrol between N930 and N935.

The development comes as Dangote Refinery and depot owners such as Pinnacle and Aiteo dropped ex-depot prices by at least N10 to N846, N845, and N844 per litre, respectively, as of Thursday morning.

Earlier, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Ukadike, told DAILY POST that fuel prices may drop further as the ongoing petrol price war intensifies.

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Delta-billionaire Lawuru To Grace Ijaw Media Conference As Guest Of Honour

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The President of Egbema Brotherhood, Alaowei Promise Lawuru, is expected to grace the forthcoming Ijaw Media Conference 2025, as a guest of honour.

The event is scheduled to hold on December 3rd, 2025, in Warri, Delta State.

The annual media conference organised by the Ijaw Publishers Forum with the theme ‘Safeguarding Niger Delta’s Natural Resources for Future Generations,’ is second edition of the series.

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Lawuru, youthful politician and businessman’s willingness to appear as guest of honour was made known
when a delegation of the Central Working Committee led by Pastor Arex Akemotubo paid him a visit to inform him of the forthcoming event and his expected role.

READ ALSO:IPF Holds Annual Ijaw Media Conference December

In his presentation, Akemotubo explained that this year’s theme was chosen out of concern for the growing strain on the region’s land and waters.

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The Publisher of WaffiTV stressed that the forum wants to strengthen public understanding, support honest reportage, and encourage leaders to protect what the Niger Delta holds for the next generation.

He addex that Lawuru’s history of service and steady involvement in community work made him a natural choice for the role.

READ ALSO:IPF Commends Tompolo’s Commitment To Security In Delta, Nigeria

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Chief Lawuru welcomed the invitation and spoke warmly about the need for shared responsibility among stakeholders and groups such as the IPF.

He commended the forum for using the media to defend the region’s interests and promised full support for the conference.

Lawuru further urged other stakeholders across the Ijaw nation to lend their weight to efforts that safeguard the environment.

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Senate Recommends Death Penalty For Kidnappers

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The Senate has passed a resolution classifying kidnapping as an act of terrorism, stipulating that an amendment to the Terrorism Act be made to impose the maximum penalty of death.

The resolution was made during plenary on Wednesday.

Under the new law, according to the upper legislative arm, once a kidnapping conviction is established, the death penalty must be applied.

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Nigeria suffers from a persistent security crisis fuelled by attacks and violence by “bandit” gangs that raid villages, kill people, and kidnap for ransom.

READ ALSO:Senate Uncovers $300bn Unaccounted Crude Oil Sales

In response to recent kidnappings and attacks by terrorists, President Bola Tinubu on Tuesday ordered a total security cordon over the forests in Kwara State.

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Series Of Abductions

Bandits had struck the Isapa community of the Ekiti Local Government Area of Kwara State, abducting 11 residents.

The attack came about two weeks after and 38 worshippers were abducted from a Christ Apostolic Church (CAC) in the Eruku community of the state.

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Terrorists also attacked St. Mary’s Catholic Primary and Secondary Schools, Papiri, in Niger State, abducting more that 300 school children and staff in a resurgence of the mass kidnappings that have long harrowed Africa’s most populous country.

READ ALSO:Bill To Establish Federal Oil And Gas Hospital In Delta Scales Second Reading In Senate

In the same week, 24 schoolgirls were taken from the Government Comprehensive Girls Secondary School, Maga, Danko Wasagu Local Government Area in Kebbi State, but regained freedom on Tuesday.

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At least 50 taken from St Mary’s Catholic school also managed to escape, but more than 265 children and teachers are still being held.

Nigeria’s high-profile mass kidnapping was that of the Chibok schoolgirls in 2014, when Boko Haram forced 276 girls from their dormitories in the North-East region.

More than a decade later, man of the Chibok girls are still missing.

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