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Mobil, Other Oil Firms Not Exiting Nigeria -Kachikwu …As FG Gives Condition For Fuel Subsidy Removal
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says that no International Oil Company (ICO) is planning to exit Nigeria contrary to reports in some section of the media.
Kachikwu made this known while briefing newsmen after facility tour of ExxonMobil Erha Floating Production Storage and Offloading vessels (FPSO) in Lagos yesterday.
“I have confirmed that it is not true, there are going to be here for a long stay, they will be here over the next 50 years, they are looking for more, they are doing all kinds of things, they just begun the exploration campaign first time in four years because of the new cash call policies we put in place.
“That is not a sign of somebody who is exiting. But different from not exiting is to be aggressive. ExxonMobil needs to be more aggressive in terms of development policies,’’ he said
He added that ExxonMobil needs to be more aggressive with business as Bonga Southwest was almost on FID, Egina just kicked off and Agip is struggling to get Zabzaba online.
“So, I need to see a very robust development,’’ he advised
Mr Richard Laing, ExxonMobil Executive Director, Production commended the minister for making out time to visit the facility and reiterated that the company had no plans to exit Nigeria.
“We are happy with Nigeria, We have our differences, and we don’t agree on everything, we are happy and content. We are delighted over the minister’s visit and we are happy that he has come back to his spiritual home.
“As the minister said, the corporation has been here for many years, we intend to stay, we have ambitious growth programmes to build wealth and grow business to make more profit, key into the gas commercialisation project.
“We fully support what the minister said and we look forward to working with him,’’ he said.
Meanwhile, the Federal Government has given conditions for the removal of subsidy on premium motor spirit, also known as petrol.
The conditions include: provision of alternative cushioning measures mutually agreed between stakeholders to protect the economically vulnerable members of the population.
Finance Minister, Zainab Ahmed, stated this at the press briefing marking the end of the 2019 Spring Meetings of the World Bank and the International Monetary Fund, IMF, in Washington DC, USA, yesterday.
She however said the Federal Government is yet to arrive at such measures.
She said there is no immediate plan to remove fuel subsidy, contrary to speculations that have led to the emergence of fuel queues in some parts of the country.
According to her, “At the IMFC meetings, the Managing Director requested for a mandate to pursue some negotiations with Governors for temporary financing options for ensuring that the Fund remains adequately resourced by maintaining the current resource envelope of the Fund through borrowed resources. This arose partly due to the delay in completing the 15th general review of quotas.
“While Governors endorsed this position, we called for an ambitious timetable for the 16th General Review of quota which should result in increased quota shares for dynamic economies in line with their relative positions in the world economy, while protecting the voice and representation of the poorest members.”
She further called for the normalisation of trade relations among the contending parties and called for concerted efforts to support multilaterism and avoid protectionist sentiments.
She added, “There is no imminent plan to remove fuel subsidy. We are here to discuss with the global community on various policy issues.
“One of the issues that always come up in the report, especially by the IMF as a corporate body is how we handle fuel subsidies. IMF is saying fuel subsidies are better removed so that you can use the resources for other important sectors.
“In principle that is a fact. But in Nigeria, we don’t have plans to remove fuel subsidy at this time because we have not yet designed buffers that can enable us remove fuel subsidy and provide cushions for our people. So there is no plan to remove fuel subsidy.
“We will be discussing with various groups . If we have to, what are the alternatives? We have not yet found viable alternatives . So we are not yet at the point of removing fuel subsidy.
“We also met with the World Bank Power Sector team and discussed the way forward on the Proposed USD1 billion Nigeria Performance Based Loan (PBL). We agreed to bring relevant MDAs together to ensure that we advance this in a timely manner.
“We will also discuss the Country Portfolio Performance of Nigeria which currently stands at $9.8 billion with the Nigerian Country team at the World Bank and how we could manage the portfolio for optimum results.”
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Fubara Vows Full Support For Independent, Effective Judiciary
Rivers State Governor, Sir Siminalayi Fubara, has pledged necessary support to ensure the Judiciary operates as a truly independent and effective justice system. Governor Fubara gave the assurance while formally declaring open the 2025/2026 Legal Year at a special Court Session at the State High Court Complex in Port Harcourt, recently.
He expressed satisfaction not only with the event’s success but also with the Bar and Bench’s commitment to advancing the integrity of the judicial system.
The Governor said that the Rivers State Judiciary ranks among the best in Nigeria, adding that it features some of the brightest judicial minds who courageously interpret and apply the law with a high sense of justice.
He reminded the lawyers, that as ministers in the temple of justice, they are under oath to conduct themselves honestly in their practice of the law before the courts, to uphold the rule of law and advance the course of justice at all times.
“Similarly, every judge is under a judicial oath to provide equal justice to all persons according to law to the best of their knowledge and ability without fear, favour, or affection”, he said.
He stressed that the judicial oath is not composed of mere words but demands that judges act with moral courage to resist pressure, and ensure that both friends and foes have access to equal and impartial justice.
He, therefore, requested that all courts, inferior or superior, should perform their duties with courage, adjudicate and interpret the laws and cases in ways that promote substantial justice, democracy, and citizens’ fundamental rights.
The Governor, however, declared that the political crisis is now over, with all parties fully reconciled, and his administration back on its feet, affirming that he holds no grudges or ill feelings toward anyone.
He stated that the administration is now re-energised and has resumed the implementation of people-centric policies, programmes, and projects with greater determination to achieve the developmental milestones set to enhance the well-being of the people of Rivers State.Governor Fubara reiterated his commitment to work with the State House of Assembly, the Judiciary, and other stakeholders to recover lost ground, sustain peace and accelerate development of the state.
He also appreciated the Chief Judge for providing functional, effective leadership, exceptional courage, and an unwavering determination to ensure justice is served to all who seek the aid of the courts.
Speaking earlier during the thanksgiving service at the Corpus Christi Catholic Cathedral, Port Harcourt, Governor Fubara called on the Judiciary to remain steadfast as a “true temple of justice”, urging the courts not to let the innocent suffer unjustly. In his remarks, Chief Judge of Rivers State, Justice Simeon Amadi, highlighted the absence of a Committee on Prerogative of Mercy in the state, which, he said has contributed significantly to congestion in custodial centres. He noted that the non-reduction of sentences for inmates, including 493 male and 15 female death-row prisoners, is beyond the Chief Judge’s powers, and called for government intervention.
He thanked the Governor for the support given to the Judiciary so far, and solicited for more encouragement to reduce the pressures judicial officers face in the performance of their duties. Also speaking, Chairman, Nigerian Bar Association (NBA), Port Harcourt Branch, Mrs. Cordelia Eke, said the 2024–2025 legal year began with optimism but was soon overshadowed by political and institutional turbulence.
She noted that the state of emergency and suspension of key elected officials disrupted democratic governance and tested the resilience of the justice system. “The absence of an Attorney General caused serious delays in justice delivery, unprocessed legal applications, and financial losses,” Eke stated.According to her, the situation underscored the urgent need to fortify laws that protect institutions and ensure that the justice system continues to function even in difficult times.
Speaking on behalf of the Body of Senior Advocates of Nigeria (BOSAN), Chief Onueze Okocha (SAN), expressed concern over the battered image of the Judiciary, lamenting that many Nigerians have lost faith in the courts due to inconsistent judgments and prolonged case delays.He urged judges to resist personal interests that could influence their professional conduct, calling for renewed integrity and faster dispensation of justice.
Earlier in his homily during the thanksgiving service, Apostolic Administrator, Catholic Diocese of Port Harcourt, Right Reverend Patrick S. Eluke, urged members of the legal profession to uphold moral and spiritual integrity in their practice, reminding them of their “sacred duty” to ensure that justice reflects honesty, compassion, and fairness.
He cautioned against hypocrisy, rivalry, and unhealthy competition within the legal profession, stressing that true justice must protect the vulnerable and remain unswayed by material or political influence.
He further called on elected leaders to demonstrate patriotism and accountability to the people who entrusted them with power, noting that democracy and justice thrive only where integrity and fairness prevail.
The Governor read the First Reading from 2 Chronicles 19: 5-9; while the Chief Judge took the 2nd Reading from Psalm 100: 1-5. Highlights of the event were presentation of gifts to the Governor, his Deputy, Speaker, Rivers State House of Assembly, Rt Hon Martin Amaewhule, and the Chief Judge as well as prayers for the Government, the Judiciary, the State and the Country.
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NLNG, NCDMB Unveil ICT Centre In P’Harcourt To Boost Tech Skills
The NLNG and the Nigerian Content Development and Monitoring Board have restated their shared commitment to human capital development and technological inclusion through the completion of two key capacity-building projects in Port Harcourt, Rivers State.
The events featured the commissioning of a remodelled and fully equipped ICT Centre at the Baptist High School, Port Harcourt, and the close-out ceremony of the Human Capital Development Basic Training Programme, a year-long initiative designed to enhance employability and industry skills among young Nigerians.
This was contained in a statement issued in Port Harcourt yesterday by the NLNG Manager, Corporate Communication and Public Affairs, Anne-Marie Palmer-Ikuku, and sent to newsmen.
The NCDMB Executive Secretary, Engr. Felix Ogbe described the ICT Centre as a “gateway to knowledge, innovation, and future opportunities.”
Represented by the General Manager, Institutional Strengthening, Mr Olugbenga Sheba, he noted that the project reflects both organisations’ shared vision to equip young Nigerians with digital skills and prepare them for a technology-driven world.
“The remodelled ICT Centre is more than a building. It is a statement of belief that students here can learn coding, design, and innovation that connects them with the world.
“It represents our confidence that when given the right tools, Nigerian students can become creators, innovators, and entrepreneurs,” he said.
Omatsola commended NLNG for its continued collaboration with the Board and its steadfast commitment to Nigerian Content goals.
He stressed that the partnership demonstrates what can be achieved through meaningful collaboration between government and corporate stakeholders, adding that such investments build a stronger and more prosperous Nigeria.
NLNG’s General Manager, External Relations and Sustainable Development, Sophia Horsfall, reaffirmed the company’s commitment to compliance with Nigerian Content regulations and to improving lives sustainably. She stated that the project aligns with NLNG’s vision of empowering communities through education and technology.
“The upgrade executed at Baptist High School, apart from complying with extant regulations under NCDMB’s guidance, is an investment that gives students a modern learning environment and provides teachers with better tools to deliver quality education.
“This aligns with our long-term commitment to human capital development,” she said.
The intervention at Baptist High School included the delivery of a 40-seater ICT Centre, a 20KVA solar and inverter system, renovated classrooms and administrative buildings, and the provision of digital smart boards and modern learning tools.
At the close-out ceremony of the HCD Basic Training Programme, 30 trainees received international certifications in Engineering, Marine Operations, Health, Safety and Environment (HSE), Entrepreneurship, and other vital skills for the oil and gas industry.
The ceremonies underscored the joint mission of NLNG and NCDMB to build local capacity, promote technological inclusion, and support Nigeria’s broader vision of sustainable development through education and skill acquisition.
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New INEC Chair Pledges Free, Fair, Credible Polls
The newly sworn-in Chairman of the Independent National Electoral Commission, Prof. Joash Amupitan, SAN, has vowed to restore credibility and public confidence in the country’s electoral system, declaring his appointment as a “divine” call to serve the nation.
Speaking shortly after his inauguration by the President at the State House yesterday, Amupitan declared that his mission was clear — to deliver free, fair, and credible elections while deepening democratic values across the nation.
During his first official meeting with the commission’s directors, he stressed that achieving INEC’s mandate would hinge on teamwork, discipline, and integrity within the institution.
“Our mandate is clear, and what is it? To deliver free, fair, and credible elections that reflect the will of the Nigerian people. To achieve this, we must work together as a team,” he stated.
Addressing INEC staff and directors, the don pledged to uphold the highest standards of transparency and accountability.
“As we mark the beginning of the new chapter, I want to assure you of my commitment to upholding the highest standard of integrity, transparency, and discipline in all our operations,” he said.
Turning his attention to the upcoming Anambra State governorship election, the INEC chairman described it as a defining moment for the commission.
“The upcoming Anambra state governorship election is not just another electoral exercise. It represents a pivot opportunity for us to demonstrate our commitment to free, fair, and credible elections,” he declared.
“The eyes of the nation are upon us, and it is our duty to rise to that occasion.
“Credibility in our election is paramount, and we must ensure that every voter feels confident that their vote will count. Because that is a constitutional task. And let’s restore back the confidence of every voter that whenever there is an election, their vote will count,” Amupitan added.
The don also made staff welfare a central part of his agenda, acknowledging that the commission’s workforce plays a vital role in ensuring credible elections.
“For me, staff welfare is going to be my priority. We are going to be expecting so much from you, so your welfare is going to be a priority.
“We’ll work assiduously and tirelessly to ensure that our working conditions are conducive and that our staff are equipped with the necessary resources to excel,” the INEC chairman assured.
The chairman, accompanied by his wife, children, and senior officials from the University of Jos, expressed gratitude to his academic colleagues who celebrated his appointment.
“I was told that the whole university got shut down out of excitement. One of theirs is now given this very heckling and important responsibility of heading this commission at this time,” he said.
Despite the weight of his new responsibilities, he said he was ready for the challenge.
“The places I’ve gone to, including some national commissioners, they were saying, I don’t envy you. But let me say that I am excited about the journey ahead.
“Together, let us uphold the values of democracy and work tirelessly for the credibility of our elections,” the don said.
He concluded his remarks on a reflective note, describing his appointment as part of a divine plan.
“Maybe if I had a choice, I would say I would not come here. But from all the indications, I could see that God is moving in this country, and my coming is divine.
“If God says go, who are you to say I’m not going? I’m here because I have a role to play to ensure that a new Nigeria is born. And of course, you know, INEC has a very, very important role to play in this quest.
“God bless you all, and God bless the Federal Republic of Nigeria,” he concluded.
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