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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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JUST IN: Police Deal Off PDP National Secretariat

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Operatives of the Nigeria Police on Wednesday sealed the National Secretariat of the Peoples Democratic Party, PDP, at Wadata Plaza, Abuja.

The development is linked to the face-off between two factions of the party on Tuesday.

Pandemonium broke out at the facility on Tuesday when the Saminu Turaki-led faction clashed with members loyal to the Minister of the Federal Capital Territory, Nyesom Wike.

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Governor Seyi Makinde of Oyo State and his Bauchi counterpart, Bala Mohammed, were teargassed during the confrontation.

READ ALSO:BREAKING: Drama As Wike-backed PDP Expels Makinde, Mohammed, Dauda

DAILY POST observed on Wednesday that barbed wire was used to create a barrier to prevent anyone from gaining access to the premises.

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None of the leaders of the two warring groups was sighted at the secretariat, as only a handful of policemen were on the ground.

However, supporters of the faction led by Kabiru Turaki opposed the decision of the police to barricade the premises.

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JUST IN: Insecurity: Tinubu Suspends Trip To G20, AU-EU Summit

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President Bola Ahmed Tinubu has put off his scheduled trip to Johannesburg, South Africa and Luanda, Angola, as he awaits further security briefings on the kidnapped Kebbi schoolgirls and the attack on Christ Apostolic Church worshippers in Eruku, Kwara State.

This was contained in a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, on Wednesday in Abuja.

The statement said Tinubu has ordered the deployment of more security operatives to Eruku and the entire Ekiti Local Government Area of the state, and directed the police to go after the bandits who attacked worshippers.

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READ ALSO:US To Cut Military Aid To European Countries Near Russia — Official

The President Tinubu was scheduled to leave Abuja on Wednesday to attend the 20th G20 Summit of leaders in South Africa and thereafter proceed to Luanda to attend the 7th AU-EU Summit.

Disturbed by the security breaches in Kebbi State and Monday’s attack by bandits against worshippers at Christ Apostolic Church, Eruku, President Tinubu decided to suspend his departure.

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“He now awaits reports from Vice President Kashim Shettima, who paid a sympathetic visit to Kebbi on his behalf, as well as reports from the police and the Department of State Services regarding the attack in Kwara,” the statement said.

According to the statement, the President reiterated his directive to the security agencies to do everything possible to rescue the 24 schoolgirls abducted by the bandits and bring the girls back home safe.

 

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IPF Holds Annual Ijaw Media Conference December

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The Ijaw Publishers’ Forum has announced the second edition of its annual Ijaw Media Conference.

The conference themed “Safeguarding Oil and Gas Natural Resources for Future Generations in the Niger Delta” will take place on December 11, 2025, at KFT Place, beginning at 12 noon.

In a statement signed by the IPF National President, Comrade Ozobo Austin, the Forum noted that the conference is intended to strengthen public understanding of the dangers of oil theft, unchecked exploitation, and environmental pollution.

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

The statement highlighted the severe harm these practices inflict on the region, affecting both ecological systems and human communities and hindering long-term development.

The 2025 planning committee, chaired by Arex Akemotubo, has Tare Magbei as Secretary. The committee is charged with the responsibility of a successful programme.

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Other members of the committee are:
Francis Abai, Financial Secretary while
Ezekiel Kagbala, Sunday Daniel; Mike Ugedi, Dr Kegbe, Sam Dogitimi,
Tam Okumbiri, serve as members.

READ ALSO:US Lawmakers Demand Answers From Trump Administration Over Chinese Chemical Shipments To Iran

The Forum urged leaders, stakeholders, and young people to work with relevant authorities and security groups to support continued public awareness efforts aimed at protecting the region’s natural resources and the wellbeing of its inhabitants.

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The IPF also called for sponsorship and invites all stakeholders and the wider public to attend the conference on December 11, 2025

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