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

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The Minister of State Petroleum Resources, Chief Timipre Sylva, has said that the desire to surmount the challenges bedeviling the oil and gas sector led to the enactment of the Petroleum Industry Act (PIA).

Speaking at the Nigeria International Economic Partnership Forum, in New York, on Wednesday, with the theme: “Nigeria’s Oil and Gas Sector: Reforms, Results and the Road Ahead”, Sylva said the desire of the President Muhammadu Buhari’s government to inject life into the sector hitherto characterized by fiscal and operational challenges led to making proactive reforms in the sector a priority.

The minister said the enactment of the Petroleum Industry Act (PIA) on August 16, 2022 was a “watershed moment for the nation, the industry and all stakeholders alike, signaling the beginning of a more conducive environment for investment, output, industrial and national growth, while also addressing legitimate grievances of resource host-communities most impacted by resource extraction operations”.

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Sylva said the “PIA 2021, at full implementation, will create massive investment opportunities, improve transparency, attract investors, and reposition the Nigerian Oil and Gas industry for sustainable growth,” urging investors “to capitalize on the sustainable incentives provided by the PIA 2021 to invest in the oil and gas industry in Nigeria” with no future regret.

The minister told the gathering that the “PIA 2021 has established a legal, governance, regulatory, and fiscal framework for the petroleum industry, host community development, and associated matters” adding that “it provides fiscal certainty, improves regulations and incentives for investment, including up to ten-year tax vacations, while guaranteeing better take for both government and private investors, thereby balancing rewards with risk”.

READ ALSO: PIA: FG Considers First Set Of Regulations For Oil Industry

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The minister who said the PIA has set the foundation for a sustainable growth in the sector with the establishment of the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reassured the international investors of government’s commitment in the sector.

“This administration remains committed to ensure a full implementation of these carefully conceived reforms to foster efficiency and attract investments and development of supporting infrastructure along the oil and gas value chain as embedded in our policy aspirations for the sector.

“The government has taken the necessary steps to sustainably implement and operationalize the PIA 2021 within the timelines stipulated in the Act. To this end, the government has inaugurated the steering committee, which I chair, responsible for PIA implementation immediately after the PIA was signed into law,” he further stated.

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He noted that the commitment of the Nigerian government to tackle the challenges in the oil and gas sector is a clear move “to reform the industry in order to build a robust, thriving and resilient economic backbone for domestic growth, expansion and consolidation in the era of the global energy transition, and also in a post covid world”.

Reflecting on the theme of the conference “Nigeria’s Oil and Gas Sector: Reforms, Results and the Road Ahead”, Sylva said the theme resonates the aspirations and commitment of President Buhari’s government to reform the sector in order to make it pivot for industrial diversification, economic growth and sustainable development in Nigeria.

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Atiku Slams Tinubu Over U-turn On Pardon For Convicts

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The former Vice President, Atiku Abubakar, on Wednesday berated President Bola Tinubu’s administration’s reversal of the presidential pardon list, describing the move as “an act of shame, not wisdom.”

In a statement signed by his aide, Phrank Shaibu, Atiku accused the administration of lacking foresight and moral consistency, following Tinubu’s decision to revoke the earlier pardon granted to Sanda and several other convicts.

“Once again, Nigerians have witnessed a government that doesn’t lead — it reacts,” Atiku said.

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“President Bola Tinubu has ‘cancelled’ his own pardon for drug traffickers, kidnappers, and other hardened criminals — but only after Nigerians shouted loud enough to wake him from his moral slumber.

READ ALSO:UPDATED: Tinubu Reverses Maryam Sanda’s Pardon, Convict To Spend Six Years In Jail

“Let’s be clear: this U-turn is not an act of wisdom, it’s an act of shame.”

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He questioned the process that led to the initial inclusion of many convicts on the list, demanding transparency from the presidency.

“Who compiled the list of beneficiaries? What criteria justified freeing kidnappers and drug offenders? Where was the Attorney-General when this absurdity was cooked up? And why does this government only ‘discover its conscience’ after Nigerians express outrage?” Atiku asked.

Describing the pardon saga as “a national embarrassment,” he added that the presidency’s frequent reversals on policy decisions showed Nigeria was being “governed without foresight, without empathy, and without shame.”

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READ ALSO:JUST IN: Tinubu Reverses Maryam Sanda’s Pardon, Convict To Spend Six Years In Jail

“If the President truly means well, let him publish the list of all those who were meant to benefit from this scandal. Until then, this cancellation is nothing but damage control — too little, too late,” he said.

The remarks came amid widespread reactions trailing Tinubu’s revocation of the earlier pardon granted to Sanda, who was sentenced to death in 2020 for murdering her husband, Bilyaminu Bello.

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While the Labour Party commended the president for bowing to public pressure, the New Nigerian Peoples Party faulted the administration’s inconsistency.

NNPP spokesperson, Ladipo Johnson, said, “It is disgraceful that the President of the Federal Republic of Nigeria will announce pardons and then the presidency will say they want to vet and go over the things again.

“Given public opinion, it’s not a surprise that they have reversed it, but it just shows that the presidency needs to get its act together.”

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READ ALSO:Brigadier-General, Other Officers Detained Over Alleged Coup Plot To Overthrow President Tinubu

However, Labour Party interim National Publicity Secretary, Tony Akeni, commended Tinubu’s decision to listen to public sentiment, saying, “What Tinubu has demonstrated is that he listened to the people of Nigeria. We commend him for that.”

He urged the president to extend such responsiveness to “issues that affect Nigerians,” including the nation’s debt profile and policies that “promote hunger and hardship.”

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Tinubu’s reversal, announced through an official gazette by his Special Adviser on Information and Strategy, Bayo Onanuga, commuted Sanda’s death sentence to 12 years imprisonment, factoring in the six years and eight months already served.

The U-turn followed a wave of public outrage that trailed the initial pardon.

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Edo Deputy Gov Raises Concern Over Documentation On Radisson Hotel

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Edo State deputy governor, Hon. Dennis Idahosa, on Wednesday expressed worry over the clarity of documentation surrounding Radisson Hotel, Benin City,
project’s acquisition and the roles of previous vendors and consultants.

In a statement, his Chief Press Secretary, Chief Press Secretary, Mr Friday Aghedo said the deputy governor spoke when he led a government delegation on an inspection tour of the five-storey luxury hotel.

Idahosa, who expressed dismay over certain lapses observed during the visit, however, appealed for calm among stakeholders and residents, urging patience as the state awaits the outcome of the legislative probe.

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The governor said that Governor Monday Okpebholo had forwarded relevant documents to the Edo State House of Assembly for investigation into the acquisition process.

READ ALSO:Okpebholo, Idahosa Bag UNIBEN Distinguished Service, Leadership Awards

“Once the House concludes its findings, we will act accordingly to ensure transparency and accountability,” he assured.

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Frustrated by what he described as “vague answers” from contractors about the project’s completion timeline, Idahosa pressed for clarity on when the hotel would finally be
opened to the public.

Edo people deserve to know when this investment will start yielding value,” he stated.

He, nonetheless, tasked workers at the construction site to ensure strict adherence to safety and environmental standards.

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He said the warning became necessary in order to avoid casualties at the site of the flagship hospitality project expected to redefine the state’s tourism and entertainment landscape.

READ ALSO:10 Things Candidates Should Know About Customs Recruitment CBT Exams

He also challenged the contractors to ensure the best standard and quality materials are used for the project.

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He emphasized that the state government’s intention was not to witch-hunt the contractors but to ensure the project meets both Radisson’s global benchmarks and the Edo State Government’s quality standards.

He reaffirmed that government agencies would maintain close oversight to ensure full compliance with building, safety, and environmental regulations.

“We will not compromise on standards. Radisson Benin must meet the expectations of the brand and the people of Edo State.

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“Our goal is simple, Edo State deserves the best,” Idahosa declared. “We want a facility that will attract visitors from around the world and make our state the hospitality hub of Nigeria,” he stated.

READ ALSO:2027 Presidency: Idahosa Reiterates Okpebholo’s Promises Of Delivering Edo To Tinubu

During the visit, the deputy governor conducted an on-the-spot SWOT analysis of the project, examining facilities such as the water reservoir, power plant, and sample rooms.

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Also speaking during the inspection, Mr. Igabali Darlington Imoesili, Managing Director of the Edo State Development and Building Control Agency, flagged inconsistencies in the facility’s documentation, including conflicting figures on the number of rooms and deviations from approved plans.

“We have records indicating 170 rooms, the site engineer says 169, and the project manager says 178. These discrepancies raise serious concerns,” Imoesili noted.

He added that his office would demand all approved documents for verification.

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The hotel’s resident architect, Olumide Taiwo, who conducted the team around the site, assured the delegation that the firm was working closely with the Radisson brand to maintain its global quality and safety standards.

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Reviewed List Of Presidential Pardon Recipients

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President Bola Tinubu has approved a revised list of convicts granted clemency under the Instrument of Presidential Prerogative of Mercy, 2025.

This is as the Presidency announced a review of the pardon list following widespread criticism.

The list, dated October 21, 2025 and personally signed by the President, contains 86 names of inmates across various correctional facilities nationwide, whose sentences were reduced or commuted under Section 175 of the 1999 Constitution (as amended).

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The document, sighted by PUNCH Online, titled “Reduced Terms of Imprisonment and Sentence, 2025,” shows that several inmates convicted for offences ranging from manslaughter, culpable homicide, drug trafficking, illegal possession of firearms, conspiracy, and unlawful mining were granted reduced sentences.

They include:

Homicide and Manslaughter Cases

•Yusuf Owolabi (36) – Convicted of manslaughter in 2015 and sentenced to life imprisonment at the Maximum Security Custodial Centre, Kirikiri. Now to serve 15 years based on “educational improvement, remorsefulness and acquisition of vocational skills.”
•Ifeanyi Eze (33) – Life sentence for manslaughter (2021), now to serve 15 years.
•Maryam Sanda (37) – Convicted for culpable homicide (2020) and sentenced to death by hanging. Her sentence commuted to 12 years based on “compassionate grounds, the best interest of her children, good conduct and remorsefulness.”
•Markus Yusuf (41) – Culpable homicide (2023), 13-year sentence reduced to 8 years due to ill health.
•Alhaji Abubakar Tanko (61) – Culpable homicide (2018), 30-year term reduced to 20 years.

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READ ALSO:Transfer Deadline: 10 Players Who Saw Their Careers Collapse After Switching Teams

Drug and Narcotics Offences

•Patrick Mensah (40) – Drugs (2015), 17 years reduced to 13 years.
•Obi Edwin Chukwu (43), Tunde Balogun (32), Lima Pereira Erick Diego (27), Uchegbu Emeka Michael (37), Salawu Adebayo Samsudeen (46), and Napolo (61) were all convicted for drug trafficking between 2015–2017.

Sentences of 15 years reduced to 12 years each based on “remorsefulness and vocational skill acquisition.”

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•Dias Santos Marela Christiana (44) – Convicted of importing cocaine in 2017; 15-year term reduced to 12 years for “remorsefulness and deportation.”
•Isaac Justina (40), Aishat Kehinde (38), Helen Solomon (68), Okoye Tochukwu (43), and Ugwuze Paul (38) – Convicted of cannabis-related offences, all granted reduced terms of between 3 and 7 years.

Financial and Fraud-related Offences

•Mustapha Ahmed (46) – Criminal breach of trust; 7-year sentence cut to 5 years.
•Innocent Brown Idiong (60) – Possession of Indian hemp; 10-year term reduced to 6 years.
•Inibong Imayen Nuikidem (46) – Obtaining money by false pretence; 7 years cut to 5 years.
•Buka Adamu (40) – Advance fee fraud; 20 years reduced to 9 years.
•Ada Audu (72) – Fraud; 7-year mandatory imprisonment cut to 4 years.
•Chief Jonathan Alatoru (66), Umannah Ekatte (70), Utom Thompson Udoaka (60) – Granted reduced terms for age, remorsefulness and good conduct.

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Firearms and Related Offences

•Abubakar Mamman (38) – Possession of AK-47 rifle (2020); 10-year sentence cut to 7 years.
•Muhammed Bello Musa (35) – Possession of firearms; 10 years reduced to 7 years.
•Nnamdi Anene (67) – Illegal dealing in firearms; life sentence commuted to 20 years.
•Alhaji Ibrahim Hameed (71) – Illegal property possession; 7 years reduced to 5 years.

Maritime and Conspiracy Offences

READ ALSO:pUPDATED: Tinubu Reverses Maryam Sanda’s Pardon, Convict To Spend Six Years In Jail

•Bright Agbedeyi (46), Babangida Saliu (35), Jude Saka Ebaragha (44), Frank Insort Abaka (46), Sluna Alolo (42), David Akinseye (39), Ahmed Toyin (46), Shobajo Saheed (57), Adamole Philip (52), and Mathew Masi (39) were all convicted for conspiracy to hijack fishing vessels in 2020. Their 12-year sentences were reduced to eight years with N1m fines waived “based on remorsefulness and impecuniosity.”

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Unlawful Mining Offenders

A total of at least 45 inmates across the Medium Security Custodial Centre, Agodi, Oyo State, were convicted in January 2024 for unlawful mining.

Each was sentenced to three years, now reduced to two years, “based on remorsefulness, good conduct and a letter of undertaking dated April 22, 2025,” reportedly facilitated by Senator Ikra Aliyu Bilbis for their rehabilitation and empowerment after release.

The list includes:
Yusuf Alhassan, Abdullahi Isah, Zayanu Bello, Habeeb Suleman, Jubria Sahabi, Shefiu Umar, Seidu Abubakar, Haruna Abubakar, Rabiu Seidu, Macha Kuru, Zahradeen Aminu, Nazipi Musa, Abdullahi Musa, Habibu Safiu, Husseni Sani, Musa Lawali, Suleiman Lawale, Yusuf Iliyasu, Sabiyu Aliyu, Halliru Sani, Shittu Aliyu, Sanusi Aminu, Isaaka Adamu, Mamman Ibrahim, Shaibu Abdullahi, Sanusi Adamu, Sadi Musa, and Haruna Isah, among others.

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Presidential Approval and Legal Backing

The document cites Section 175 of the 1999 Constitution, which empowers the President to “grant any person concerned with or convicted of any offence in Nigeria a pardon, either free or subject to lawful conditions.”

It was formally titled: “S.I. No. 79 of 2025: Instrument of Presidential Prerogative of Mercy (Reduced Terms of Imprisonment and Sentence).”
(PUNCH)

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