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NNPC Allays Fear Over Fuel Scarcity
The Nigerian National Petroleum Corporation (NNPC) has allayed fears of any hitch in petroleum products supply following reports of resurgence of queues in some parts of the country.
The Group Managing Director, NNPC, Malam Mele Kyari, gave the assurance while speaking at the Association of Energy Correspondents of Nigeria (NAEC) 2021 Strategic International Conference, yesterday, in Lagos.
The conference had as its theme: ‘Petroleum Industry Act: Energy Transition and the Future of Nigeria’s Oil and Gas.’
Kyari said NNPC’s objective was to provide energy security for Nigeria and ensure availability of petroleum products in the country.
He said: “As we speak now, there is speculation of fuel scarcity within the media but we have over 1.7billion litres of Premium Motor Spirit in the country.
“We have another 2.3billion litres coming in so there is no shortage in supply as being speculated.
“Of course there are issues about pricing at some depots but government has no plan to revise the pricing structure.”
Kyari said the ongoing United Nations Climate Change Conference (COP26) in Glasgow, Scotland, again highlighted the challenges faced by Nigeria and other African countries in the global energy transition.
He said President Muhammadu Buhari, in his speech before the world leaders, had demanded for energy justice for the continent and the need to exploit the available resources as a pathway to attain the net-zero carbon objectives by 2050.
The NNPC boss noted that though Africa accounted for only about three per cent of the global carbon emission, the continent still had the responsibility to join the world in combating climate change.
According to him, Nigeria has identified its abundant gas resources as its fuel for energy transition, which informed the declaration of the Year 2021 to Year 2030 as the Decade of Gas by the government.
Kyari said: “We are making good progress in terms of the implementation of the PIA which is clearly creating the path for transition.
“There is no way we can achieve this feat without adequate infrastructure to transport the resources to where it will be used and that is why we are investing in massive gas infrastructure.”
He said the projects included the Obiafu-Obrikom-Oben (OB3) and the Ajaokuta-Kaduna-Kano pipelines, which would deepen gas utilization in the country.
Also, Executive Secretary, NCDMB, Mr Simbi Wabote, said the passage of the PIA had opened a vista of opportunities for the industry.
Wabote, represented by the Director, Monitoring and Evaluation, NCDMB, Mr Tunde Adelana, said the implementation would impact positively on local content development and host communities.
He added that it would also stimulate the much-needed investment to the oil and gas industry.
Earlier in his address, Chairman, NAEC, Mr Olu Phillips, said statistics showed that more than 100,000 people died annually in Nigeria as a result of indoor inhalation of waste gases.
Phillips said this informed the global energy transition, adding that the Nigerian government was responding with the focus on optimal utilisation of the country’s gas resources.
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MAN Tasks Rivers, Bayelsa On Blue Economy
The 2025 annual general meeting (AGM) and conference of the Rivers/Bayelsa states chapter of the Manufacturers Association of Nigeria (MAN) has come to a close with a strong call for both states to drive the blue economy.
The communique just issued after the AGM pointed to what it called emerging prospects in fish processing, seaweed cultivation, ship repair, and marine technology.
The communique which also mentioned human capital gaps that must be filled through technical and vocational training that are aligned with modern industrial needs, said the blue economy represents a viable pathway for Nigeria’s industrialisation.
It said MAN and Arican Marine Environment Sustainability Initiative (AFMESI) have the capacity to unlock Nigeria’s blue economy sustainably and inclusively, but said the region required dedicated infrastructure upgrades, including roads, waterways, and power.
The communique was signed by Vincent Okuku (Chairman of Rivers/Bayelsa States Branch); Michael Nosa Agana (Branch Vice Chairman/Chairman AGM planning Committee); and Chibuzor Eze (Executive Secretary, Rivers/Bayelsa States Branch).
The resolutions said the future of the Niger Delta economy lies in diversification rather than dependence on extractive industries. “Technology and innovation, value addition and local processing, strategic infrastructure, and a skilled workforce are essential pillars for the future of manufacturing in the region.
“Governments in the region must intensify support for manufacturing activities. Various forms of collaboration across sectors should be actively encouraged.”
It specifically advised Bayelsa and Rivers States to fully develop and harness the blue economy as strategic gateways for sustainable growth; and called for cross-border partnerships with neighbouring states to enhance trade, security, and environmental management.”
The Rivers/Bayelsa States branch of MAN held its first (41st) AGM outside Port Harcourt for the first time, hosted by Bayelsa State Government at the Chief D.S.P. Alamieyeseigha Memorial Banquet Hall, with the theme: ‘Trade, Technology, and the Future of Manufacturing in the Niger Delta.’
In his welcome address, the chairman of the branch, Okuku, commended the Bayelsa State Government under the leadership of Gov Douye Diri for its efforts in industrial development, investment promotion, and strong partnership with the private sector.
He also acknowledged the Rivers State Government for its commitment to rehabilitating industrial clusters, improving access roads, and delivering key infrastructure.
He, however, expressed concern over persistent challenges such as high energy costs, unreliable electricity supply, weak transport systems, rising logistics expenses, multiple taxes and levies, inconsistent regulatory frameworks, and pressure from host communities, which continue to hinder manufacturing growth in both states.
The President of MAN, Francis Meshioye, noted that the Niger Delta, with its abundant resources and strategic location, holds vast potential for industrial expansion. He called for policy frameworks that promote local manufacturing, enhance trade, and attract investments to the region.
Goodwill messages were delivered by the Minister of the Federal Ministry of Regional Development, Abubakar Momoh, represented by Wasa Festus, Director of Community Development and Education. Another goodwill message was also presented by the Bayelsa State Commissioner for Trade, Industry and Investment, Ebieri Jones.
In his remarks, Gov Diri praised MAN for its contributions to Nigeria’s manufacturing sector, noting its resilience, innovation, and strategic role in national development. He stated that the conference theme aligns with his administration’s mantra of “Assured Prosperity.”
Gov Diri offered 24-hour service to manufacturers wishing to relocate to the state, and highlighted the State’s ongoing transformation through deliberate investment in infrastructure, security, and human capital aimed at positioning Bayelsa State as a hub for industrial growth, particularly in the blue economy, agriculture, and manufacturing.
He further noted that hosting the 41st AGM fulfilled a long-desired aspiration of the State following the successful 2024 MAN event in Port Harcourt, Rivers State. He officially declared the exhibition open.
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NELFUND Warns Students Against Fake Loan Portal
The Nigerian Education Loan Fund has alerted the public to a fraudulent message circulating online, claiming that the NELFUND Student Loan Registration Portal is open.
The message directs applicants to a third-party link (http://gvly.xyz/Nelfund-Student-Loan, which NELFUND confirms is unauthorised and fraudulent.
In a post obtained from its X handle, yesterday, NELFUND urged students and the general public not to click on the link or provide any personal information, emphasising that the official loan registration portal is only accessible through the Fund’s verified channels.
The agency reminded applicants to exercise caution online and to report any suspicious links or communications claiming to be from NELFUND.
“Applicants are encouraged to always verify official announcements via NELFUND’s official website and social media channels,” NELFUND said.
This advisory comes as part of NELFUND’s ongoing efforts to safeguard students and ensure the integrity of the student loan application process.
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