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President Buhari Unveils New NNPC LTD

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President Buhari with GMD NNPC Mele Kyari

 

President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed.

Speaking at the historic occasion at State House Conference Centre, the President said Africa’s largest National Oil Company (NOC) would also support sustainable growth across other sectors of the economy as it delivers energy to the world.

At the event, which featured a Special rendition of the Theme Song ”Energy for today, Energy  for tomorrow, Energy for Everyone’‘ by an Ensemble, the president recounted how God had used him to consistently play an important role in shaping the destiny of the country’s NOC in the last 45 years.

He expressed optimism that the NNPC Limited would sustainably deliver value to its over 200 million shareholders and the global energy community; operate without relying on government funding and free from institutional regulations such as the Treasury Single Account (TSA).

‘‘This is a landmark event for the Nigerian oil industry.

‘‘Our country places high premium in creating the right atmosphere that supports investment and growth to boost our economy and continue to play an important role in sustaining global energy requirements.

‘‘We are transforming our petroleum industry, to strengthen its capacity and market relevance for the present and future global energy priorities.

NNPC directs private depot owners to sell at government approved price or be blacklisted

‘‘By chance of history, I was privileged to lead the creation of the Nigerian National Petroleum Corporation on July 1, 1977. Forty-Four (44) years later, I was again privileged to sign the Petroleum Industry Act (PIA) in 2021, heralding the long-awaited reform of our petroleum sector,” he said.

According to him, the provisions of PIA 2021, have given the Nigerian petroleum industry a new impetus, with improved fiscal framework, transparent governance, enhanced regulation and the creation of a commercially-driven and independent National Oil Company.

He said this would enable the company to operate without relying on government funding and free from institutional regulations such as the Treasury Single Account, Public Procurement and Fiscal Responsibility Acts.

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‘‘It will, of course, conduct itself under the best international business practice in transparency, governance and commercial viability.

‘‘Coincidentally, I, on the 1st of July 2022 authorized transfer of assets from the Nigerian National Petroleum Corporation to its successor company, the Nigerian National Petroleum Company Limited, and steered the implementation leading to the unveiling of Africa’s largest National Oil Company today.

‘‘I therefore thank Almighty God for choosing me to consistently play an important role in shaping the destiny of our National Oil Company from the good to the great,’’ he added.

The president, therefore, assured stakeholders in the industry that Africa’s largest NOC would adhere to its fundamental corporate values of Integrity, Excellence and Sustainability, while operating as a commercial, independent and viable NOC at par with its peers around the world.

He further stated that the company would focus on becoming a dynamic global energy company of choice to deliver energy for today, for tomorrow, for the day days after tomorrow.

He thanked the leadership and members of the National Assembly for demonstrating uncommon courage and patriotism in the passage of PIA that culminated in the creation of NNPCL.

Minister of State for Petroleum Resources, Timipre Sylva, said with the signing of the PIA, which assured international and local oil companies of adequate protection for their investments, ”the nation’s petroleum industry is no longer rudderless”.

He said: ‘‘From the onset of this administration, Mr. President never concealed his desire to create a more conducive environment for growth of the oil and gas sector, and addressing legitimate grievances of communities most impacted by extractive industries.

‘‘While the country was waiting for the PIA, Nigeria’s oil and gas industry lost about $50 billion worth of investments.

”In fact, between 2015 and 2019, KPMG states that “only 4 percent of the $70 billion investment inflows into Africa’s oil and gas industry came to Nigeria even though the country is the continent’s biggest producer and the largest reserves.

‘‘We are setting all these woes behind us, and a clear path for the survival and growth of our petroleum industry is now before us.”

Sylva described the unveiling of NNPC Limited as a new dawn in the quest for the growth and development of the Nigerian Oil and Gas Industry, opening new vintages for partnerships.

He thanked the president for his ”unparalleled leadership, steadfastness, and unalloyed support towards ensuring that the country’s oil and gas industry is on a sound footing”.

The Group Chief Executive Officer of NNPC Limited, Mele Kyari, announced that the company had adopted a strategic initiative to achieve the mandate of energy security for the country by rolling out a comprehensive expansion plan to grow its fuel retail presence from 547 to over 1500 outlets within the next six months.

He assured stakeholders and the global energy community that the new company was endowed with the ‘‘best human resources one can find anywhere in the industry.

‘‘NNPC Limited is positioned to lead Africa’s gradual transition to new energy by deepening natural gas production to create low carbon activities and positively change the story of energy poverty at home and around the world.” (NAN)

 

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Press centre Food Vendor Hajiya Hadiza Is Dead

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The Kano press community has been thrown into mourning following the death of Hajiya Hadiza, a popular food vendor.

Known for her warm personality and dedication to her business, Hajiya Hadiza reportedly passed away on Monday morning after a brief illness.

News of her death spread rapidly across the Press Centre, and environs on Monday, leaving many journalists, media workers and associates in shock.

Colleagues described the development as devastating, saying her absence would be deeply felt within the media community after nearly two decades serving meals to media practitioners and members of the public .

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For years, Hajiya Hadiza’s food stand was more than a place to eat. It served as a meeting point where reporters, editors and guests gathered for meals, conversations and moments of relaxation amid their demanding schedules.

Beyond her role as a food vendor, she was widely recognized for providing employment opportunities to young women, many of whom learned valuable skills and earned a livelihood through her business.

Several journalists who spoke on the development recalled her kindness, generosity and motherly disposition. They noted that she treated customers with respect and maintained strong relationships with people from different walks of life.

Members of the NUJ Press Centre described her as an integral part of the environment, saying her contributions over the years helped shape the social fabric of the press community. They prayed for Almighty Allah to forgive her shortcomings and grant her eternal rest.

As tributes continue to pour in, many say Hajiya Hadiza’s legacy will endure through the countless lives she touched, the young women she empowered and the memories she created among generations of journalists who passed through the Press Centre.

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2027: Over 1,500 Gombe Indigenes at KEDCO Endorse Dr. Jamil Isyaku Gwamna for Governor.

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In a major show of confidence and grassroots support, over 1,500 indigenes of Gombe State currently working at the Kano Electricity Distribution Company (KEDCO) have unanimously endorsed the gubernatorial candidate of the All Progressives Congress (APC) in Gombe state, Dr.Jamil Isyaku Gwamna, for the 2027 governorship election.

The group, comprising staff across various departments and ranks within KEDCO, organised a solidarity event to appreciate Dr. Gwamna and reaffirms their unwavering commitment to his candidacy and vision for the future of Gombe State.

The endorsement carries profound significance, as Dr. Gwamna is widely credited with securing employment opportunities for over 1,500 Gombe indigenes during his tenure at KEDCO—an intervention described by beneficiaries as transformative and life-changing.

The event was attended by the Managing Director of KEDCO, Dr. Abubakar Shuaibu Jimeta, who joined virtually from Saudi Arabia, where he is currently performing Hajj pilgrimage. Notably, Dr. Jimeta is among those whose careers were positively impacted under Dr. Gwamna’s leadership.

Speaking on behalf of the group, the KEDCO staff expressed deep appreciation for Dr. Gwamna’s visionary leadership, particularly highlighting his role in creating employment opportunities that have shaped their lives and careers.

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They described his intervention as a “life-changing opportunity” that has not only transformed their personal circumstances but also uplifted their families and communities across Gombe State.

“We are here to stand firmly behind a leader who invested in our future. Dr. Gwamna is a man of vision, compassion, and proven capacity. We are fully committed to supporting him until he emerges victorious in 2027. Not only us, but our relatives, families and well wishers are with and will support you hundreds percent,” the group stated.

The staff further emphasized that Dr. Gwamna remains the most qualified candidate to sustain and build upon the developmental strides of the current Governor of Gombe State, Muhammadu Inuwa Yahaya, CON, particularly in infrastructure, economic growth, and human capital development.

In his response, Dr. Gwamna, who almost broke into tears, expressed profound gratitude, visibly moved by the show of loyalty and appreciation.

He noted with pride that many of the beneficiaries of his interventions have risen through the ranks to occupy strategic positions, including managerial and senior administrative roles within KEDCO.

“Seeing you all today fills my heart with joy. This is a testament to the power of opportunity and the importance of investing in people. I am proud of what you have all become.

Dr. Gwamna commended their dedication and urged them to continue contributing meaningfully to the growth and stability of KEDCO, while serving as worthy ambassadors of Gombe State wherever they found themselves.

He reiterated his commitment to inclusive governance, stressing that his administration, if elected In sha Allah, will prioritize job creation, youth empowerment, and sustainable development.

“My doors remain open to all individuals and groups willing to partner for the progress and prosperity of our dear state. Together, we will build a future of opportunity, unity, and shared success,” he added.

The event attracted a wide range of stakeholders, including clerics, business leaders, politicians, and party officials, further underscoring the growing support base of Dr. Gwamna ahead of the 2027 governorship election.

 

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Obi Accepts NDC Ticket, Pledges to Raise Nigeria’s Power Generation to 10,000MW in Four Years

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By Yusuf Danjuma Yunusa

Presidential candidate of the Nigerian Democratic Coalition, Peter Obi on Saturday formally accepted his nomination and unveiled an ambitious reform agenda aimed at confronting Nigeria’s worsening insecurity, economic stagnation and infrastructure deficit, including a pledge to raise electricity generation to 10,000 megawatts within four years.

Obi made the pledge in his acceptance speech delivered in Abuja after emerging as the party’s flag bearer, where he expressed gratitude to party leaders and delegates for what he described as their confidence in his leadership capacity.

“It is with deep humility that I accept the role of presidential candidate for our party. I express my profound gratitude to the leaders of our party, His Excellency Seriake Dickson, the National Chairman, National Secretary and the National Working Committee members of our relentless supporters, and the Nigerian populace who have steadfastly kept the spirit of hope alive,” he said.

He said Nigeria was currently at a difficult crossroads marked by insecurity, economic hardship and declining public confidence in governance.

According to him, the situation had created widespread disillusionment across communities and businesses, though he insisted that the country still had the capacity for recovery if leadership choices improved.

“Businesses are struggling, communities are suffering, and an alarming number of citizens have lost faith in the very concept of governance.

“Yet, I stand before you filled with optimism and strong faith in the resilience of our people, for I firmly believe that a New Nigeria is possible,” he said.

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Obi stressed that Nigeria’s diversity should be seen as a strength rather than a fault line, warning against deepening ethnic, religious and regional divisions.

Turning to insecurity, the NDC presidential candidate said Nigeria’s security challenges had deteriorated significantly in recent years, citing global rankings that placed the country among the worst affected by terrorism.

He said, “In terms of security, the situation in Nigeria has considerably worsened. The global terrorism impact assessments ranked Nigeria as the 8th most affected nation in 2022, 6th in 2024, and 4th in 2026.”

However, he contrasted the current situation with Nigeria’s historical role in international peacekeeping missions, where its military once enjoyed global respect.

The former governor referenced Nigeria’s contributions to global missions across several countries and praised the legacy of Nigerian military leadership in international operations.

Obi vowed that his administration would prioritise security reforms.

“We must address insecurity with resolve and urgency, for no nation can thrive while its citizens live in trepidation. The primary responsibility of government is to ensure the safeguarding of lives and property,” he said.

He promised an intelligence-driven and technology-supported security framework aimed at tackling both immediate threats and underlying causes such as poverty and unemployment.

On health, Obi decried Nigeria’s poor indicators, particularly infant mortality and low health insurance penetration, promising major reforms.

“Nigeria suffers from one of the highest infant mortality rates in the world. Furthermore, health insurance coverage in Nigeria hovers around a mere 10 per cent, in stark contrast to countries like Indonesia, which boast over 90 per cent coverage.

“This situation is regrettable. I pledge that within four years, our health insurance coverage will more than double to over 20 per cent,” he said.

On energy, Obi described Nigeria’s electricity crisis as a major constraint to development, noting the gap between Nigeria and other comparable economies.

“Nigeria today is the nation with the highest number of citizens lacking access to electricity globally. We currently generate and distribute a mere 4,000 megawatts (MW) of electricity for a population exceeding 200 million,” he said.

He compared Nigeria’s output with that of other countries to underline the scale of the challenge.

Obi then made a major campaign promise.

“Over the next four years, I commit to ensuring a minimum of 10,000 MW power increase generation and distribution,” he said.

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