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Nigeria’s Rig Count Drops 49.5% To 53
There are indications that oil and gas explorations dropped in Nigeria as the rig count fell by 49.5 per cent to 53 in the first eight months (January-August) of 2021, from 105, recorded in the corresponding period of 2020.
The rig count, a major index for measuring the level of activities, especially exploration in the upstream oil sector, was obtained from the reports of the Organisation of Petroleum Exporting Countries (OPEC).
The reports attributed the development to the Coronavirus pandemic and relatively low crude oil prices as major factors that discouraged investors from investing during the period.
It was also partly attributed to the prolonged delay associated with the passage of the Petroleum Industry Bill (PIB), into law.
Like Nigeria, the rig count of some other African oil and gas producing countries also showed significant changes during the period.
For instance, the rig count of Algeria dropped to 191 in 2021, from 271 recorded in the corresponding period of 2020, indicating a decrease of 29.5 per cent.
However, the rig counts of Libya and Angola rose to 32 and 114, from 26 and 101, respectively, during the period, showing an increase of 12.8 per cent and 23 per cent, respectively.
Commenting on the development, the Chief Executive Officer, Cabtree, Olabode Sowunmi, raised hope for increased investment in exploration and other activities in the coming years.
He said, “The prolonged delay in the passage of the PIB into law scuttled the inflow of domestic and foreign investments for many years. In fact, many investors left Nigeria for other countries. But with the emergence of the PIA, we expect that the nation’s oil and gas would witness substantial investments in the coming months.”
Similarly, in its latest report – Investment uptick expected as Nigeria’s Petroleum Industry Bill becomes law – Fitch Solutions Country Risk & Industry Research, a global provider of country risk and industry analysis stated, “We expect Nigeria’s Risk Reward Indices score to improve in next quarter’s scoring, once the changes from the PIB are integrated into our analysis.
“On the upstream side of things, Nigeria is competing for investment on the global stage with newcomers Guyana, Senegal and Kenya while industry stalwarts Brazil and Norway continue to attract investment due to outsized reserves and friendly investor environment.
“Next quarter’s RRI should show Nigeria’s upstream position improve, although attracting new investment over other destinations is likely to be a race as overall investment is likely to decline in the long-term, as decarbonisation efforts divert more capital to alternative energy and high margin barrels. Existing discoveries of sizeable reserves are the most likely area of new investment.
“The biggest impact of the new PIB will be the increase in new investment expected from existing International Oil Companies, IOCs operating the deepwater sector. The oil majors are a significant part of the deepwater players and several have joint stakes in the key offshore growth projects, Bonga Southwest, Bonga North, Bonga Main Extension (OML 118), Preowei (OML 130), and Owowo (OML 139).”
Also, the Director, Centre for Petroleum, Energy Economics and Law, University of Ibadan, Prof. Adeola Adenikinju, said, “It removes some of the uncertainties in the sector and more importantly now you cannot hold a field for a long time without developing it for years. Now prospecting licences will expire after the period stated in the contract. Unlike in the past when major companies can just hold a field without developing it.
Commenting on the development, the National President, Oil and Gas Service Providers Association of Nigeria (OGSPAN), Mr. Colman Obasi, said, “The dwindling rig count clearly showed that the nation is not investing enough in the upstream sector. It also illustrated that we might not likely meet set targets, especially the attainment of 40billion barrels reserves target by 2025.
“Besides, it also showed that Nigeria’s current 37billion barrel reserves might be depleted much faster than expected, if the nation does not invest much in exploration, required to make new finds and increase reserves. More than that, it showed further that the emerging oil and gas countries in Africa, and other continents could overtake Nigeria in the medium and long term.”
In any case, Lead Promoter, EnergyHub Nigeria, Dr. Felix Amieyeofori, called on the International Oil Companies (IOCs), indigenous companies, and the Federal Government to work toward increasing the investments, and by extension the rig count in the upstream sector.
The Project Coordinator of the Hydrocarbon Pollution Remediation Project (HYPREP), Prof. Nenibarini Zabbey, has been named Social Impact Man of the Year 2025 by Daily Independent Newspapers.
The award was presented at the Independent Awards 2025 Silver Jubilee Edition held at Eko Hotels and Suites, Lagos, as part of activities marking the organisation’s 25th anniversary of editorial excellence.
Managing Director and Editor-in-Chief of Independent Newspapers, Steve Omanufeme, said the award recognises individuals who have demonstrated exceptional leadership and transformative impact in their respective fields. He explained that recipients emerged through a rigorous process involving public voting, editorial board scrutiny, and assessment by a panel of judges.
Omanufeme noted that Zabbey’s selection reflects his outstanding contributions to environmental restoration and community development in Ogoniland through the Ogoni cleanup project.
With over two decades of experience spanning research, advocacy, capacity development, and administration, Zabbey has, within three years of leading HYPREP, implemented people-focused initiatives aimed at improving livelihoods and restoring degraded ecosystems.
Under his leadership, the project has reportedly created more than 7,000 direct jobs and facilitated the training of thousands of youths and women in high-demand skills, including mechatronics, cybersecurity, commercial diving, underwater welding, and data analytics.
HYPREP has also trained over 5,000 beneficiaries across 21 vocational skill areas, providing start-up kits to support entrepreneurship and economic empowerment.
In the area of environmental sustainability, the agency has established 31 environmental clubs in secondary schools and trained 2,500 youths with International Maritime Organization (IMO) certification to support shoreline cleanup and mangrove restoration efforts.
The project has recorded significant ecological milestones, including the cleanup of over 1,000 hectares of shoreline and restoration of 560 hectares of mangroves. This progress contributed to the designation of Ogoni mangrove wetlands as a Ramsar Site of international importance.
Beyond environmental remediation, HYPREP has expanded its social intervention programmes to include educational grants and scholarships for over 1,000 students, support for small and medium-scale enterprises, and skills training for persons living with special needs.
Infrastructure and healthcare development have also featured prominently, with ongoing projects such as the Ogoni Specialist Hospital, a Cottage Hospital, the Ogoni Power Project, and the Centre of Excellence for Environmental Restoration. The agency has further strengthened emergency healthcare delivery by donating five ambulances to medical facilities in the region.
Additionally, potable water has been provided to more than 40 communities, alongside the construction of wind-powered water systems in underserved areas.
Speaking on the award, Zabbey described it as a validation of HYPREP’s integrated approach to environmental restoration, healthcare improvement, and economic empowerment.
“We remain committed to delivering a cleanup that not only restores the environment but also improves livelihoods in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu,” he said.
HYPREP, in a statement, expressed appreciation to the management of Independent Newspapers for the recognition, the Federal Ministry of Environment for its oversight role, and the Ogoni communities for their continued support and collaboration.
The agency was established by the Federal Government of Nigeria to implement the recommendations of the United Nations Environment Programme (UNEP) report on Ogoniland and restore areas impacted by oil pollution.
By: Donatus Ebi
The Supreme Court of Nigeria has awarded a total cost of ¦ 2 million against High Chief Cassidy Ikegbidi and other appellants in the protracted Eze Igbu Akoh II chieftaincy dispute, citing abuse of judicial process and disobedience of subsisting court orders, in a ruling that underscores growing judicial intolerance for procedural delays in long-running traditional leadership cases.
The decision, delivered on March 16, 2026, in Abuja by a five-man panel of the apex court led by Justice Mohammed Lawal Garba, arose from a series of applications filed by High Chief Cassidy O. W. Ikegbidi and others against HRH Eze Godspower Okorobia Okpagi and seven others, in a dispute over the rightful occupant of the Eze Igbu Akoh II stool in Igbu Akoh Kingdom of Ekpeye ethnic nationality in Ahoada East Local Government Area of Rivers State.
Court proceedings revealed that the appellants had filed multiple motions before the Supreme Court, including an application seeking injunctive relief and another seeking leave to amend a ground of appeal. However, both applications were later withdrawn by the appellants after the respondents had already filed responses and appeared in court on several occasions.
Although counsel to the respondents did not oppose the withdrawal of the applications, they strongly urged the court to award costs, arguing that the appellants’ conduct had led to unnecessary delays and avoidable legal expenses. The respondents maintained that the repeated filing and subsequent withdrawal of applications amounted to a deliberate attempt to frustrate the judicial process.
In its ruling, the Supreme Court struck out the withdrawn applications but took a firm stance on the conduct of the appellants, holding that their actions constituted an abuse of court process. The court further noted that the appellants had acted in violation of subsisting injunctive orders earlier issued by the High Court and upheld by the Court of Appeal, a development that weighed heavily in its decision to impose sanctions.
Consequently, the apex court awarded a lump sum cost of ¦ 2 million against the appellants in favour of the 1st to 5th respondents as a punitive and deterrent measure, reinforcing the principle that litigants must approach the court with sincerity and respect for existing judicial orders.
The ruling, however, is strictly procedural and does not resolve the substantive issue of who is the rightful Eze Igbu Akoh II. Rather, it deals only with interlocutory applications that were brought before the court and subsequently withdrawn, leaving the core dispute to be decided at a later date.
The chieftaincy tussle, which has lingered for years, can be traced back to a judgment delivered on March 14, 2018, by the High Court sitting in Ahoada, presided over by Justice T.S. Oji, which reportedly ruled in favour of Eze Godspower Okorobia Okpagi. Dissatisfied with the outcome, the opposing parties pursued appeals, leading to a prolonged legal battle that moved through the Court of Appeal in Port Harcourt and eventually to the Supreme Court.
While Eze Okpagi has consistently maintained that he is the only duly elected candidate for the Eze Igbu Akoh II stool, according to the customs and traditions of the Ekpeye ethnic nationality, as well as based on favourable court rulings, High Chief Cassidy Ikegbidi has continued to lay claim to the stool, a situation that has deepened tensions and prolonged uncertainty within the kingdom.
The immediate implication of the Supreme Court’s ruling is that the appellants have lost all pending interim reliefs, having withdrawn their applications, and now have no active motion before the apex court capable of altering the current legal position. More importantly, the injunctions granted by the High Court and affirmed by the Court of Appeal remain valid and binding, as they were neither set aside nor suspended by the Supreme Court.
This effectively places the respondents in a stronger position for now, as they continue to benefit from the subsisting judgments of the lower courts pending the final determination of the appeal. In contrast, the appellants must comply with the ¦ 2 million cost order and face a prolonged wait before the substantive issues in the case are heard.
Following the resolution of all pending applications, the Supreme Court adjourned the substantive appeal to March 19, 2029, a development that has generated mixed reactions among stakeholders, given the already lengthy duration of the dispute. The adjournment means that the final determination of the rightful occupant of the traditional stool will not be made for several more years, further extending a legal battle that has spanned nearly a decade.
Reacting to the ruling, Eze Godspower Okorobia Okpagi maintained that the decision reinforces the validity of earlier judgments in his favour, particularly as the Supreme Court declined to grant any relief that would have altered the status quo. He argued that the dismissal and withdrawal of the appellants’ applications confirm that the orders of the lower courts remain in full effect.
He further alleged that the appellants had taken steps inconsistent with those orders and accused them of employing delay tactics to prolong their hold on the situation, insisting that High Chief Ikegbidi should desist from parading himself as the Eze Igbu Akoh II pending the final determination of the appeal.
Legal observers note that chieftaincy disputes in Nigeria often become protracted due to their sensitive nature and the high cultural and political significance attached to traditional institutions, as well as the frequent filing of appeals and interlocutory applications that slow down the judicial process.
A support group, Peter Obi Our President (PETOOP), has inaugurated its members and state executives from Rivers, Bayelsa and Cross River States in Port Harcourt, the Rivers State capital, with a renewed call to mobilise grassroots support ahead of the 2027 general elections.
The inauguration ceremony, held on Saturday, drew a large crowd of supporters and stakeholders from different walks of life, underscoring the growing political engagement around the group’s activities.
PETOOP said its core objective is to galvanise Nigerians across regions to support the presidential ambition of former Anambra State governor, Peter Obi, in the 2027 elections.
Chairman of the occasion, Dr. Okelechukwu Benjamin Okuolu, a former senatorial candidate for Rivers East under the Labour Party, described the group as a broad-based movement open to all Nigerians seeking good governance, stressing that it is not a political party.
Represented by Christian Ojukwu, Okuolu urged members to remain committed and make necessary sacrifices toward achieving credible leadership in the country. He expressed optimism about Obi’s chances in the next election cycle, citing what he described as the former governor’s leadership qualities.
Referring to the 2023 general elections, Okuolu encouraged members not to be discouraged by past challenges, but instead remain resolute and vigilant in future electoral processes.
He also commended the National Convener of PETOOP, Chief Magnus Oraka, for his mobilisation efforts aimed at fostering a better Nigeria.
In his remarks, Oraka called on members to remain courageous and steadfast, linking Nigeria’s economic challenges to what he described as leadership deficiencies.According to him, effective governance requires competence, foresight and experience in managing resources, urging Nigerians to prioritise these qualities in future leadership choices.
Also speaking, the Rivers State Coordinator of PETOOP, Mrs. Becky Napoleon, said the group represents a collective movement driven by conviction and a shared vision for national transformation.
She noted that the initiative is focused on inspiring action and generating practical solutions to the country’s challenges through unity and purposeful engagement.
“Our coming together is based on personal conviction and a shared belief in a better future for our country and generations to come,” she said, adding that meaningful transformation requires collective effort.
The Bayelsa State Coordinator, Mr. Ijaja Alabi, also addressed participants, aligning with the group’s message of unity and commitment to national development.
The event marks a significant step in PETOOP’s expansion efforts across the South-South region as it intensifies mobilisation activities ahead of the 2027 elections.