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FG Plans Review Of Petroleum Industry Act

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The Permanent Secretary of the Ministry of Petroleum Resources, Mr Gabriel Aduda, says the Ministry plans to review the implementation of the Petroleum Industry Act (PIA).
This, he said, would be with stakeholders in the upstream and downstream sectors, after two years of its implementation.
Aduda disclosed this at the ongoing Oil Trading and Logistics (OTL) Africa Week 2023, in Lagos, yesterday.
The theme of the 2023 OTL is “Energy, Synergy, and New Beginnings.”
He called on operators in the Nigerian downstream sector to work together and pool resources to invest in refining petroleum products to address the country’s energy crises.
He stressed that the quality of technology possessed by the operators should not be a barrier to investment in refining.
According to him, the review will identify the pros and cons of the Act and all the areas that need to be addressed.
“The review is expected to be held before the second week of December 2023, when all oil and gas industry players would gather to discuss all the fundamental issues that need to be addressed in the Act.
“It is crucial for all players in the oil and gas industry to embrace the spirit of synergy, adding that the energy landscape is rapidly evolving,” he said.
He emphasized that the solution to Nigeria’s product refining lies in the willingness of the private sector to make a difference, collaborate, learn, and inspire one another.
He noted that it is the responsibility of the players in the downstream sector of the oil and gas industry to shape a future where energy is clean, accessible, and equitable for all.
“While much attention has been focused on the upstream sector (exploration and production) in discussions about energy transition.
“The downstream sector, which involves refining, distribution, and marketing of petroleum products, plays a crucial role in this transition.
“With the level of technology that is at their disposal no matter how crude they are.
“Why can’t we begin to think in the area of harnessing the limited potentials that we have and see how we can put things together to evolve a clear home-grown technology?
“That we can build on to be able to deliver the energy future of our dream,” the permanent secretary said.
Aduda also advocated the need for the petroleum industry regulators in Nigeria, including the Nigerian Midstream and Downstream Regulatory Authority (NMDPRA), to offer supportive regulation to the investors in the sector.
According to him, the beauty of the regulation is to help the industry in Nigeria to be globally competitive and acceptable, to attract more investors, and to put a check on their activities.
Aduda further hinted that infrastructure in the downstream sector was a major factor facing the sector.
“Today, we embark on an investment road show globally to attract investors to Nigeria, but one of the major concerns being raised is lack of investment in the sector”, he said.
He, therefore, noted that the downstream sector is no longer confined to traditional boundaries.
According to him, it is about collaboration, innovation, and adaptability.
“The challenges we face are not unique to any single entity but shared by all.
“Together, we can overcome them and pave the way for a brighter, more sustainable future.
“The energy sector is witnessing a renaissance of sorts, heralding new beginnings.
“As we move towards a more sustainable, eco-friendly future, our industry must lead the charge.
“Nigeria, as a significant player in the global energy landscape, faces the challenge of balancing its hydrocarbon-based economy with the need to transition towards cleaner and more sustainable energy sources,” Aduda added.
He emphasized the importance of ensuring the availability and guaranteeing the gas supply before the discussions around the conversion of buses to Compressed Natural Gas (CNG) were put in place.
He said, “The downstream players must work with the government to expand trunk and distribution gas pipelines across the country, as well as supply and distribution of refining capacity expansion, supportive regulations, renewable energy integration, and workforce development.
“As laudable as the Presidential Initiative on CNG is for example, we must be careful not to put the cart before the horse, we need the buses, we need the converters but then where is the gas?”
Similarly, the Chairman Advisory Board, OTL Africa Downstream Energy Week, Mr Adetunji Oyebanji, said the event had a strong presence in the industry.
Oyebanji noted that the ongoing conflicts in Eastern Europe and the Middle East had continued to transmit volatility, while the energy transition had challenged markets and forced operators to innovate.
According to him, closer home, policy, and political changes remain a factor, with market players keen for clarity for their operations.
“These factors have combined to make OTL 2023 very important, as we look forward to robust engagements,” Oyebanji said.

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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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Four To Face Death Penalty Over DPO Angbashim’s Murder

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A Rivers State High Court sitting in Port Harcourt has convicted and sentenced four persons to death by hanging over the gruesome killing of the former Divisional Police Officer of Ahoada East Police Division, SP Bako Angbashim.

The presiding Judge, Justice Sika Aprioku, in a landmark judgment, last Thursday, found the quartet guilty of conspiracy, murder, membership of a secret cult group and robbery, saying the prosecution proved its case beyond reasonable doubt.

Those sentenced to death by hanging are Robinson Sonabari, identified as a native doctor; Bright Okparawo; Precious Amaeze, popularly known as Selina; and Loveday Jack, also known as Ragged Excess. The court ordered that they be hanged by the neck until they are confirmed dead.

Justice Aprioku also convicted the sixth defendant, Samuel Nwadinma, and sentenced him to three years imprisonment for conspiracy.

The third accused person was, however, discharged and acquitted of the four-count charge.

In the same vein, the court discharged Famous Okechukwu, Samuel Uchendu, Oyekachi Ikonwa, Godbless Nnamdi and Marshall Daniel, who were earlier found guilty of membership of a secret cult group, on the grounds that they had already served the maximum terms prescribed by law in the correctional facility.

The court held that among those convicted was the native doctor who allegedly prepared the charm used in the killing of the late DPO.

Speaking with newsmen shortly after the judgment, the lead prosecution counsel from the Rivers State Ministry of Justice, Chigozie Amadi, alongside a representative of the police legal team, Celestine Dickson, commended the judiciary for ensuring that justice was served.

Dickson, who represented the Nigeria Police Force in the joint prosecution, expressed concern that officers saddled with the responsibility of protecting lives and property had increasingly become targets of criminal elements.

He, however, expressed optimism that the judgment would serve as a strong deterrent to would-be offenders.

Also reacting, the elder brother of the late DPO, Akasco Angbashim, who travelled from Nasarawa State to witness the judgment, said the verdict had healed a long-standing wound inflicted on the family since the brutal murder of their brother.

He commended the judiciary, the Rivers State Government and the police for their commitment to justice, stressing that the judgment sends a clear message that no individual has the right to unlawfully take another person’s life.

The four convicts were among 72 persons initially arraigned before the State High Court by a joint prosecution team comprising the Department of Public Prosecutions and the Rivers State Police Command over the murder.

During the trial, 61 accused persons, including the Eze Ekpeye Logbo, Eze Kelvin Anugwo, and a former Ahoada East Council Chairman, Cassidy Ikegbidi, were discharged and acquitted for lack of evidence, leaving 13 defendants to face judgment.

SP Angbashim was gruesomely murdered on September 8, 2023, during a police operation in Odemude community, Ahoada East Local Government Area.

His killing sparked tension in the area, prompting a joint security operation that led to the death of the suspected cult leader, David Okparanwo, popularly known as 2Baba.

By: King Onunwor

 

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