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Buhari Hails NLNG As NNPC Reviews Activities



GMD NNPC, Mallam Mele Kolo Kyari

The Nigerian National Petroleum Corporation (NNPC) held its head high as it commenced activities for the week following commendation from President Muhammadu Buhari for rallying shareholders to make Nigeria Liquefied Natural Gas Limited (NLNG) a company to reckon with.

Buhari who is also the Minister of Petroleum Resources gave the commendation at the groundbreaking of the NLNG Train 7.

He said that the NLNG had always been associated with success and had become a global company.

“The NLNG Train 7 represents another historic milestone in the history of NLNG. NLNG story has been associated with success,” he said.

The president also said that the NLNG had contributed 114billion dollars in taxes to Nigeria, and tthat with NLNG Train 7, there would be more jobs that would touch the lives of everyone particularly the host community.

He expressed joy how the NLNG had transformed from just a project to a very successful company in about 30 years.

The Minister of State for Petroleum Resources, Chief Timipre Sylva, urged all shareholders to work hard to ensure the successful completion of the project which he said would boost government’s efforts to make Nigeria a fully industrialised nation.

Sylva also said the project would help the nation’s gas development aspiration.

Malam Mele Kyari, Group Managing Director (GMD), NNPC, said at the groundbreaking that there was consensus among shareholders and board members to take the next step towards providing additional capacity which should be greater than what was on ground.

The NNPC GMD thanked President Muhammadu Buhari for his quick intervention which ensured the eradication of all pre-existing stumbling blocks on the path of NLNG Train 7 project.

Also in the week under review, Minister of State for Petroleum, Sylva commended President Buhari at a ceremony to mark the execution of Shareholders Agreement between the NNPC, the Nigerian Content Development & Monitoring Board (NCDMB) and Zed Energy.

The agreement signed was for the establishment of a 50 million litres of Petroleum Products Terminal in Brass, Bayelsa State, for his giant strides in the Niger Delta which were making huge impact on the people of the area.

Sylva said the N10.5 billion Brass Petroleum Products Terminal project was expected to deliver an automated 50-million-litre depot with two-way product jetty and an automated loading bay.

He added that the project would deliver six automated tanks for storage of 30 million litres of Premium Motor Spirit (PMS) and 20 million litres of Automotive Gas Oil (AGO) as well as Dual-Purpose Kerosene (DPK).

Speaking after signing the agreement, Kyari, NNPC GMD, said the Corporation was proud to be part of the project which aside ensuring products availability in all nooks and crannies of Niger Delta would also guarantee the nation’s energy security.

Kyari also said the project would generate employment.

The Executive Secretary of NCDMB, Mr Simbi Wabote said the milestone recorded was as a result of strong interagency collaboration and public-private sector partnership.

“The NCDMB will continue to drive such partnerships across the industry to bring development in Nigeria,” he noted.

Earlier, the Coordinator of the Project and Group General Manager, National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti stated that the project would enhance the economics of marine petroleum products distribution.

Still in the Week under review, the NNPC GMD, Kyari expressed delight at lawmakers’ readiness to pass the Petroleum Industry Bill (PIB) before the end of June 2021, to bring fiscal stability to the oil and gas industry in Nigeria.

Kyari said the passage of the bill would help to address a litany of challenges facing the nation’s oil and gas industry, noting that it was a piece of legislation that would change the fortunes of Nigeria’s economy.

He added that Nigeria, as a hydrocarbon resource dependent nation required much revenue from today’s oil to develop gas infrastructure for its energy transition.

On revenue generation, the House of Representatives Committee on Upstream expressed its readiness to continue to forge closer ties with the NNPC in order to grow the nation’s revenue for the interest of all Nigerians.

Chairman of the Committee, Rep. Musa Adar, made this known during an oversight visit of the Committee to one of NNPC’s Corporate Services Unit, National Petroleum Investment Management Services (NAPIMS) in Lagos.

He commended NAPIMS for the cordial working relationship and assured that the Committee would sustain the visit to foster development of the country.

Mr Bala Wunti, Group General Manager, NAPIMS, assured that the Corporation would work with the National Assembly and all other relevant stakeholders to ensure that her operations remained visible to all.

Wunti said this would be achieved in line with the current management Transparency, Accountability and Performance Excellence (TAPE) drive.

In the meantime, Mrs Betty Ugona, Chief Innovation Officer, Research, Technology and Innovation (RTI) a corporate services unit of the NNPC said that energy transition remained key to the Corporation’s sustainable business approach.

Ugona identified energy transition as viable and sustainable business approach for the NNPC in its strategic business plans in order to remain a going concern.

She said the Corporation established the Business Unit of RTI in March 2020 in order to remain relevant and competitive in the global energy mix.

She also explained that RTI was spearheading the drive by the NNPC to reposition itself as an energy company of global excellence through its core aspects of Research, Business efficiency and innovation.

Also in the week under review, the Group General Manager, Crude Oil Marketing Division (COMD), Sir Billy Okoye, and the Managing Director of the Port Harcourt Refining Company (PHRC), Engr. Ahmed Dikko, were honoured by the Democracy Heroes Award Africa.

While Sir Okoye was honoured with the Best Administrator of the Year Award, Engr. Dikko was honoured with the Most Innovative Public Servant of the Year Award.

The honour bestowed on them at the group’s 9th edition of the awards aimed was for the various outstanding roles they played in the growth of the oil and gas sector and the country.

It was also to recognise Nigerians, who have contributed immensely to the sustenance of the nation’s democracy,

Receiving the award Okoye advocated the culture of having firm belief in the Nigerian project, saying, “Nigeria is a great country and as Nigerians, we must make this country greater”.

On his part, the Managing Director of PHRC, Dikko, expressed delight for being the winner of “Most Innovative Public Servant of the Year Award”.

He said that the award would spur his team to put in more effort towards delivering the Port Harcourt Refinery rehabilitation project in good time.

Commenting on criteria of selection, the President and Chief Executive Officer of the Democracy Heroes Award Africa, Mr Olufunso Ajagbonna, pointed out that the honour was based on merit through public votes.

The NNPC Advance Leadership Programme Class 094 lifted School of the Blind in Federal Capital Territory (FCT) with Braille Machine, Typewriters and Food items as part of its Cooperate Social Responsibility.

Mr Akpan Nkereuwem, President of the class, said the class was able to locate the FCT School of the Blind and found it deserving of the token of support because the Class 094 was also known as “The Eagle”.

Some members of the class also gave monetary donations to support one of the students, Lucky Pastor, who authored a book entitled “Braving the Storm: Rebranding the Mind”.

The headmistress of the school, Mrs Rose Uganden, thanked members of the Class for their generous donations to the school and urged them to continue to support the children.

A member of the class, Mr. Ogbonnaya Kalu spoke on their behalf.

The head boy of the school, Joseph David, also expressed gratitude to “The Eagles” for their kind gesture.

What you need to know about NLNGThe Nigeria Liquefied Natural Gas Limited was established in 1989 and did her first shipment abroad in 1999.

It has contributed 114 billion taxes to the Nation’s economy.

The NLNG Train 7 will attract 12 billion dollars Foreign Direct Investment and will create 10,000 jobs.

It will also help the Local content capacity development as 55 per cent of the project needed will be done locally in Nigeria and 49 per cent of installation will also happen in Nigeria.

It is the most successful business model in Africa.


Our Response: Perception Survey On The First 60 Days Of President Bola Tinubu Administration 



Our Response: Perception Survey On The First 60 Days Of President Bola Tinubu Administration 

We appreciate the intense emotions and debate sparked by the aforementioned study conducted by CMC Connect LLP (Perception Consulting), especially given the challenges Nigerians are currently facing.

Our decision to conduct the survey was motivated by a desire to deepen our democracy through public feedback that can assist the government feel the pulse of the people.

The report includes numerous perspectives for constructively engaging the present government, and we encourage everyone to read it beyond the sensational headlines. Also, there is a significant variance dependent on crucial research criteria such as demography, sample size, and time.

With over 30 years of proven experience as a leading Perception Consulting firm in Nigeria, our track record is driven by integrity and commitment to excellence.

We are happy to share our methodology to demonstrate that we followed global professional standards in conducting surveys of this type and assure the public that it is free of influence from any source, including funding of the exercise, which was entirely undertaken by our firm as part of our corporate social responsibility.

We have just evaluated the data we received from the field, and we will like to encourage more Nigerians to participate in similar surveys on a regular basis to help promote good governance, and advance our democracy, economy, and ultimately, the nation.

Our Response: Perception Survey On The First 60 Days Of President Bola Tinubu Administration

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International Cooperation In Financial Security Among Key Topics Of The Economic Forum



Russia–Africa Economic And Humanitarian Forum Set To Host St. Petersburg Seasons Festival Of Culture At Second Russia–Africa Summit

Rashidat Okunlade Writes

On 27 July, the panel discussion ‘International Cooperation in Financial Security’ was part of the business programme of the Russia–Africa Economic and Humanitarian Forum as part of the ‘New Global Economy’ track.

The session will be moderated by Nikolay Zhuravlev, Deputy Chairman of the Federation Council of the Federal Assembly of the Russian Federation. The following participants are expected to join the discussion: German Neglyad, State Secretary – Deputy Director, Federal Financial Monitoring Service; Ilya Yasinskiy, Director of Financial Monitoring and Currency Control Department, Bank of Russia; Alexey Lyzhenkov, Deputy Director of the Department for New Challenges and Threats, Ministry of Foreign Affairs of the Russian Federation; Ahmed Said Hussein Khalil, Chairman, Egyptian Money Laundering and Terrorist Financing Combating Unit; and Dubale Mukuken Yirga, Head of Legal Division, Eastern and Southern Africa Anti-Money Laundering Group, etc.

In today’s world, the fight against financial crime is complicated by the fact that the theft of funds takes place in the absence of physical contact, and the interaction between the perpetrator and the potential victim takes place in virtual space or through the use of communications. Financial technology, which is experiencing explosive growth, allows literally dozens of cross-border transfers to be made around the world in a matter of seconds. These convenient information and financial technologies are actively used by fraudsters, drug traffickers, terrorists, corrupt officials, human and arms traffickers, and other criminals. Investigating their crimes and unraveling their ‘financial traces’ is impossible without cooperation between the competent government authorities of different countries whose jurisdictions are affected by these crimes. The panelists will answer the following questions: what is needed to strengthen bilateral and multilateral cooperation in the area of financial security, anti-money laundering, and countering the financing of terrorism, and what needs to be done to effectively carry out preventive work, including with young people, to explain how these offences (fraud is among them) are committed?

“In the context of the COVID-19 pandemic, significant segments of the economy and, consequently, financial activity of citizens have gone online. The sector of shadow web markets has expanded, the number of duplicate websites disguised as original ones is growing, the number of cases of funds embezzlement from bank cards and e-mail spamming for this purpose is increasing, and the use of cryptocurrencies by terrorist groups as one of the safest ways of self-financing is gaining momentum. Countering the financing of terrorism is one of the key areas on the agenda of international antiterrorist cooperation,” said Alexey Lyzhenkov, Deputy Director of the Department for New Challenges and Threats, Ministry of Foreign Affairs of the Russian Federation.


The panel discussion is scheduled for 14:00 in conference hall G1 (pavilion G).


The Roscongress Foundation is the organizer of the Second Russia–Africa Summit and Economic and Humanitarian Forum.


Official website: 


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The Promise Of Prosperity In The Face Of Change: A Bold Leap For Nigeria



The Promise Of Prosperity In The Face Of Change: A Bold Leap For Nigeria

By Otega Ogra

Change is never easy. It is often met with resistance, fear, and uncertainty. But it is through change that progress is made. The recent quick-fix economic reforms initiated by President Bola Tinubu’s administration, including the removal of fuel subsidies and the consolidation of multiple foreign exchange regimes, are a testament to this truth.

These reforms, though challenging in the short term, hold the promise of a more prosperous and stable Nigeria. They represent a bold step towards economic self-sufficiency, a move away from unsustainable subsidies, and a commitment to a more transparent and efficient foreign exchange market. But President Tinubu understands that these changes, while necessary, will have an immediate impact on the Nigerian economy.

The Promise Of Prosperity In The Face Of Change: A Bold Leap For Nigeria

Otega Ogra.

That’s why his administration has put in place a series of measures to cushion these effects and ensure that no Nigerian is left behind. From the establishment of the Infrastructure Support Fund (ISF) to the planned distribution of grains and fertilizers to 50 million Nigerians starting this week in collaboration with the states, from the activation of land banks to the creation of a National Commodity Board to the various taxes suspended or deferred to help Nigerians, and the half a billion dollars mobilized at the Food conference in Rome yesterday, these measures are designed to provide immediate relief and pave the way for long-term prosperity.

These are not mere palliatives; they are strategic investments in our future. They are a testament to President Tinubu’s commitment to creating a Nigeria that is not only self-sufficient but also prosperous and resilient.

So, as we navigate these challenging times, let us remember that we are not alone. We have a leader who is not only aware of our struggles but is also committed to ensuring our prosperity. President Tinubu is confident in the resilience of the Nigerian People and the strength of the Nation’s economy. Let us embrace these changes, not with fear, but with hope and confidence in the promise of a brighter future. There is light at the end of the tunnel, and with these reforms, Nigeria is taking a bold step toward that light.


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