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PETROAN Tasks NNPC On Accountability, Transparency In Operations …Wants 3m Barrels Reserved For Future Domestic …Oppose Repair Of PH Refinery

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The Petroleum Products Retail Outlets Association of Nigeria (PETROAN) has urged the new management of the Nigerian National Petroleum Company Limited (NNPC) to be transparent in its operations to disabuse the minds of Nigerians who see the national oil company as overly opaque.
The National President, PETROAN, Dr. Billy Gillis-Harry, who made this known while speaking on Channels Television, argued that the NNPC has over the years created an environment wherein Nigerians are always suspicious of the organisation, advising the company to keep its books open henceforth.
Gillis-Harry also decried the lack of access to adequate supply of crude oil by local refineries, calling on the authorities to work towards ensuring that in the coming years, 3 million barrels are reserved for the refineries that are springing up all over the country.
He called on the concerned government regulatory bodies including the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the NNPC to ensure the workability of the proposal.
In his words, “NNPC has created that kind of environment where it’s now difficult for the public to trust them with anything. And I think it will be in the best interest, not just of the management, but of Nigeria, that that mindset should be changed by the current management.
“Bayo Ojulari is coming from the private sector, a very well-organised private sector, because he’s coming from a Shell background.
“So, I believe that he and his team, and Mr. Kida (Chairman), who is also coming from Total, have gone through a very regulated and very efficient system. And I think that they should bring that experience to bear on how the Nigerian oil industry should be.
“And NNPC should rise up from the doldrums and raise its head up and say, for so many years we didn’t do it right, but now we want to do it right. And I think that there is no time that is better than doing that”.
He reiterated some of the demands of the industry, which included raising crude oil production, transparent operations and creating a smooth relationship with host communities in the Niger Delta.
“Our demand is simple, which is that transparency should be key. The production of crude oil should be increased. We should be able to do as much as possible to make sure that the host communities of the Niger Delta are friendly, to encourage the businesses to come in”, he stated.
Gillis-Harry, however, aligned with the current divestments in the oil sector in Nigeria, expressing the view that indigenous companies are already taking over without any issues.
“We appeal that there should be a very special crude oil production plan for the local refineries, because with the number of refineries coming up in Nigeria, and hopefully with NNPC working hard to make their refineries work, Nigeria should be a refining hub, where we should then be earning additional foreign exchange by exporting refined petroleum products.
“So, we are looking at a situation where they should aim to keep 3 million barrels of Nigerian crude oil for refining in-country.
“And so, regardless of what has happened in the years where we hear that most of the crude oil that has not been even produced has been sold ahead for five years, errors could be made, and I think it takes people to see those errors and be able to ensure that they are corrected.
“So, I think that this management should start the revamping process, showing Nigerians the value and capacity that we have as a country to stand on our own and be the men and women that we should be, because we are leaders”, he said.
To ensure that there’s transparency in fuel pricing, Gillis-Harry said PETROAN was floating a platform to track and monitor the movement of prices and to make sure that the required industry data was made available to the public.
On the issue of the Port Harcourt refinery, the PETROAN boss stressed the need for transparency in the repairs stating that the association was willing to give the best support to Ojulari and his team.
He stated further that the temporary closure should be for the effective good and benefit of Nigerians, insisting that the 30 days timeline be adhered to.
“Right now, we cannot say for sure what is the progress (of work)”, he noted.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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