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NEITI Plans To Unveil Status Report On Petroleum Industry Act

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The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Orji Ogbonnaya Orji, has said the agency would, in the coming weeks, convene a multi-stakeholders forum to provide a status report on the Petroleum Industry Act (PIA).
Orji, who disclosed this at the 1st National Extractives Dialogue (NED), held in Abuja, yesterday, said in the last one year, NEITI has deliberately focused on aligning its operations to addressing key issues that will aid the government to help citizens.
“These issues include designing an effective implementation framework for the Petroleum Industry Act.
“NEITI is serving on the Presidential Steering Committee, and infact, we sit on all the four sub committees. NEITI will in the coming weeks convene a multi-stakeholders forum to provide a status report. Our legitimate interest in the PIA is not only because it is a product of our reports findings and recommendations but because it is key to addressing all the pending remedial issues we have highlighted to reform the industry”, he said.
The executive secretary said the 1st National Extractives Dialogue (NED) is co-hosted by the Nigeria Extractive Industries Transparency Initiative (NEITI) and Spaces for Change (S4C), an indigenous civil society organisation, with support from the Ford Foundation.
According to him, the collaboration and evolving partnership with Spaces for Change is in line with NEITI’s renewed commitment to provide the required institutional platform to push the boundaries of civic space for wider civil society participation in the extractive industries.
He stated that NEITI chose to work closely with Spaces for Change to address enormous challenges and impediments to reforms in the industry, especially in the areas of environmental protection, efficient resource allocation and utilization, contract transparency and on energy transition.
“This event is designed to provide companies, governments and civil society and development partners in the extractive industry a platform to discuss three contemporary issues of contract transparency, extractive resources benefits sharing and energy transition in West Africa, with a focus on Nigeria, Ghana and Senegal.
“The overall goal is to enable governments, companies, civil society and communities to evaluate the energy industry and proffer evidence-based policy recommendations for the efficient and effective management of natural resource benefits and the transition from fossil fuel to a renewable energy regime with these countries as case studies”.
Orji further stated that NEITI will on June 29, release a research Policy Advisory on the cost of fuel subsidy to the country.
“The publication will outline facts and figures to reinforce NEITI’s position that the removal of fuel subsidy will free our economy from bondage, benefit the majority poor and possibly may hit the few affluent rich currently involved in the subsidy transactions.
“To this end, our industry reports in the oil, gas and mining sector are now and will remain current and our public disclosures are bold, incisive and impactful. We intend to publish the 2021 oil & gas and solid minerals industry reports by November, this year.
“Another report on Fiscal Allocation and Statutory Disbursement that tracks revenues generation and utilisation with facts on managing and improving internally generated revenues also this year. We have automated our data and information gathering process through the NEITI Audit Management System project recently concluded and launched by our Board- the National Stakeholders Working Group,” he said.

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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