Oil & Energy
Buhari Grants 30% Incentive To Oil Communities
President Muhammadu
Buhari has authorised that about 30 per cent of all opportunities in the petroleum industry be localised in the oil-producing communities.
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu who disclosed this to newsmen in Abuja added that the reason why the crisis in the region persisted is because the people feel that they are shortchanged.
“Covering that shortchange is not necessarily a movement in derivation numbers, it is to ensure that some benefits in the oil industry are going to the oil communities.
“The President has authorised that about 30 per cent of those opportunities will need to begin to get localised in those environments. If we do that we will have a wholesome economic roll-out within those platforms,” he said.
He further disclosed that the Presidency had also agreed to look at the possibility of setting up a specialised petroleum force, which would draw from the elite of the security services, who would be provided with resources that are amphibious and technology driven to enable them respond to the request of the oil companies if they get overwhelmed outside their first line security.
He stressed that the federal government would be launching a $10 billion infrastructural rebirth investment programme in the Niger Delta, saying the funds would not necessarily come from government.
“It is money that is coming from oil companies, investors, individuals who are ready to do private sector infrastructural investment and obviously state and federal government as the case may be”, he said.
Kachikwu noted that the biggest problem in the Niger Delta is that as one goes from point to point one really cannot see any infrastructural investment, adding that the presidency is also reviewing a proposal at how the 13 per cent derivation is applied.
“Right now it is a budgeting tool for state governments. We are going to be appealing to them to begin to put quite a bit of that into the core areas of the oil-producing communities, and not just to see it as a budgeting number”, he said.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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