NEWS
FG Seeks $25bn To Build Undersea Gas Pipeline To Europe
Nigeria has launched an ambitious drive to attract $25 billion in investment for the construction of a major undersea gas pipeline to supply Europe, as part of efforts to reposition the country as a global energy hub.
Vice President Kashim Shettima disclosed this on Monday during a strategic meeting with senior executives of Vitol Group — the world’s largest independent energy trader — at the Presidential Villa, Abuja.
Shettima said President Bola Tinubu’s administration is ushering in a new era of investor confidence through bold economic reforms and sector-wide transparency, particularly in energy.
READ MORE: Tear Gas Fired As Police Disrupt Peaceful Protest In Abuja
“Most importantly is the leadership. President Bola Ahmed Tinubu grew up in that ecosystem — energy and finance,” Shettima stated.
“In the past 25 years, we have not had a leader who has the courage to take far-reaching decisions as he has taken — the removal of fuel subsidy, the unification of multiple exchange rates, and the tax reforms.”
The Vice President emphasized that Nigeria’s future lies in gas, not oil, citing the country’s massive proven reserves and the need to capitalize on global energy shifts.
“The world is changing, and ours is actually a gas and not an oil economy. We have the eighth largest gas reserve in the world,” he said. “This is where the action is — invest in Nigeria.”
He described the Nigeria Liquefied Natural Gas Limited (NLNG) as a model of stability and transparency, noting it remains largely insulated from government interference and presents a reliable avenue for investors.
Shettima also made a direct appeal to Vitol to bring its capital, global network, and technical expertise to help develop Nigeria’s gas infrastructure and boost exports to energy-hungry regions such as Europe.
In response, Vitol Group reaffirmed its commitment to Nigeria’s energy future.
“This has been an incredibly close and important country for Vitol for a very long time,” said Jeffrey Dellapina, Chief Financial Officer of Vitol Group.
“We have participated in a lot of things — from the downstream, financing, trading, and government support when needed.”
Vitol executives highlighted the company’s involvement in Project Gazelle, a crude oil-backed finance facility by the Nigerian National Petroleum Company Limited (NNPC Limited), where it invested $300 million during the COVID-19 period.
“We want to say that Vitol is committed, and we are always available to deploy capital when needed,” said Murtala Baloni, Vitol’s Head of Public Affairs.
Vice President Kashim Shettima has arrived in Uyo, the Akwa Ibom State capital, for the All Progressives Congress (APC) presidential campaign rally ahead of the 2027 general elections.
The development was disclosed on Friday by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President.
Akwa Ibom occupies a strategic position in President Bola Ahmed Tinubu’s Renewed Hope Agenda, with major federal investments expected to strengthen infrastructure and economic activities across the state.
SEE ALSO: 2027: Shettima Arrives in Lafia to Rally Support for Tinubu’s Re-election
One of the major projects is the Lagos–Calabar Coastal Highway, which has an approximately 82.8-kilometre stretch passing through Akwa Ibom.
The project, according to the statement, “promises improved connectivity, expanded trade, greater investment and new economic opportunities for communities across the region.”
Beyond infrastructure, the administration’s interventions in education, agriculture, healthcare, youth empowerment and social protection are also designed to improve livelihoods and broaden economic participation.
The Nigerian Education Loan Fund (NELFund) is among the initiatives highlighted, complementing Governor Umo Eno’s investments in roads, aviation, tourism and human capital development.
The statement noted that the Uyo rally provides “another opportunity to strengthen the APC’s growing political presence in the South-South and make the case for continuity in 2027.”
Executive Vice President and Country Chair, Shell Companies in Nigeria, Elohor Aiboni was among 100 people honoured with the DTN@100 Award.
She joined a list of distinguished recipients recognised by the Daily Times newspapers. The contributions of the awardees to national development will be documented in a special publication, titled Nigerian Grand Book.
Daily Times which started publication in 1926 gave the awards as part of its centenary celebrations in Lagos. The centenary theme is: “Honouring the Past, Shaping the Future.” Chairman, Folio Media Group and Publisher Daily Times of Nigeria Fidelis Anosike said: “We proudly celebrate Elohor Aiboni, Executive Vice President and Country Chair of Shell Companies in Nigeria, for her well-deserved recognition at the Daily Times Heroes Award. As a visionary female leader, Elohor has shown that true leadership is defined by action. Her forward-thinking policies continue to drive real, positive change across our nation.”
In her response, Elohor said: “Although this award is presented to me, I do not regard it as mine alone. I share it with my colleagues across the Shell Companies in Nigeria, our partners, and the many people I have had the privilege of working with and learning from over the years.”
Elohor was commended for her achievements in a career in the energy industry that started in Shell in 2002. In addition to serving in operational roles within and outside Nigeria, she has worked as asset manager for Bonga, leading up to her appointment as Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) in 2021, the first female to hold the post. Early this year, she took up the role of Executive Vice President and Country Chair, Shell Companies in Nigeria, also the first female and Nigerian to hold both roles.
READ ALSO: “8216;The Panic Is Real” Atiku Accuses APC of Plot to Weaken ADC
In her acceptance speech, Elohor also called for concerted efforts towards educating the girl-child. She said: “If we are serious about shaping Nigeria’s future, we must be equally serious about educating and empowering the Nigerian girl child. Education provides not only knowledge, but also confidence, choice and the opportunity to contribute meaningfully to her community and country.”
Photo Caption – L-R: Energy and Investment Solicitor, Sam Aiboni; Executive Vice President and Country Chair, Shell Nigeria, Elohor Aiboni; actress Rita Dominic; and Daily Times Chairman, Fidelis Anosike, during the award presentation at Harbour Point, Lagos.
President Bola Ahmed Tinubu has congratulated Nigeria’s U-17 women’s national football team, the Flamingos, following their historic qualification for the final of the 2026 FIFA U-17 Women’s World Cup in Morocco.
The President commended the team for their impressive 3-1 victory over Brazil in Wednesday’s semi-final, describing their achievement as a remarkable milestone that has brought immense pride and joy to Nigerians at home and abroad.
In a statement issued on Thursday, November 5, by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu also praised the coaching crew and everyone whose hard work and support contributed to the team’s successful campaign.
SEE ALSO: 2027: Shettima Arrives in Lafia to Rally Support for Tinubu’s Re-election
With the Flamingos set to face Japan in the final, the President urged the players to remain focused, confident and determined as they pursue the historic world title.
“I encourage you to approach the final with the same fighting spirit and belief that have brought you this far. I have confidence in your ability to make history by winning the coveted world title,” he said.
Tinubu also called on Nigerians to rally behind the young players, describing them as national ambassadors whose achievements continue to showcase the country’s sporting excellence.
He said the team’s performance would inspire a new generation of girls to pursue their dreams without limitations.
“Once again, Nigeria is proud of you. Go for the trophy, Flamingos!” the President added.
2027: Shettima Arrives in Uyo for APC Presidential Campaign Rally
NDC Warns Judiciary Against Turning Courts Into Tools for Political Opposition
Elohor Aiboni Honoured with DTN@100 Changemaker Award
APC Pressuring Hotels to Deny Opposition Parties Venues – NDC Raises Alarm
Tinubu Hails Flamingos After Historic World Cup Final Qualification, Urges Team to Win Trophy
‘The Panic Is Real’ – Atiku Accuses APC of Plot to Weaken ADC
Trump’s Family Unveils New Cryptocurrency Platform
Senate Denies Receiving Petitions Against Tinubu’s Ambassadorial Nominees
Dangote Cement Lights Up Benue Host Communities With CSR Initiatives
Reps Recommend 3-year Jail Term For Aviation minister
Tems Sets New Record On Billboard Hot 100 Chart
3r7dtc
I love it when people come together and share opinions, great blog, keep it up.
Thanks for any other informative site. The place else may just I am getting that type of info written in such a perfect manner? I’ve a project that I am just now running on, and I have been on the glance out for such info.
I’ve been browsing online more than three hours today, yet I never discovered any interesting article like yours. It?¦s beautiful worth enough for me. In my opinion, if all web owners and bloggers made just right content as you probably did, the internet might be a lot more useful than ever before.
I simply wanted to type a small word to say thanks to you for some of the nice advice you are sharing on this website. My time intensive internet search has at the end of the day been rewarded with reputable suggestions to exchange with my good friends. I would assume that many of us website visitors are really endowed to live in a notable community with many perfect individuals with very beneficial methods. I feel rather privileged to have seen your website and look forward to plenty of more brilliant times reading here. Thank you once again for all the details.
I feel that is one of the such a lot vital information for me. And i am satisfied reading your article. But should commentary on some normal issues, The website style is wonderful, the articles is in point of fact excellent : D. Good job, cheers
Thanks for another wonderful post. Where else could anyone get that kind of information in such a perfect way of writing? I have a presentation next week, and I am on the look for such info.
Howdy would you mind sharing which blog platform you’re using? I’m going to start my own blog soon but I’m having a hard time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something unique. P.S Apologies for being off-topic but I had to ask!
I absolutely love your blog and find the majority of your post’s to be just what I’m looking for. Does one offer guest writers to write content available for you? I wouldn’t mind creating a post or elaborating on a few of the subjects you write concerning here. Again, awesome website!
I have been exploring for a bit for any high quality articles or blog posts in this sort of area . Exploring in Yahoo I ultimately stumbled upon this website. Reading this info So i am glad to express that I’ve an incredibly good uncanny feeling I came upon exactly what I needed. I such a lot undoubtedly will make certain to don¦t fail to remember this website and give it a glance on a continuing basis.