NEWS
Kyari Calls For Differentiated Energy Transition For Africa
. . . Says FID On Nigeria Morocco Gas Pipeline To Be Taken In December
As global calls for transition to cleaner energy fuels continue to grow, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC) Ltd. Mr. Mele Kyari has advocated for a differentiated approach to attaining energy transition for the African continent.
Kyari, who also said the Final Investment Decision (FID) on the Nigeria Morocco Gas Pipeline (NMGP) Project will be taken in December 2024.
This was detailed in a statement from the Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, the GCEO made the call while speaking during a Leadership Dialogue Session at the ongoing CERAWeek Conference in Houston, United States, on Tuesday.
According to the GCEO, energy transition is a very difficult subject for countries especially in sub-saharan Africa because geographically, the situations are different as a number of the countries are dealing with energy availability, not transition, and energy availability is closely linked to energy security.
He said, “The world has seen all the challenges thrown up recently by geopolitical events. It is clear that before energy transition, countries must first attain security of energy supply in their countries. You cannot talk about energy security when it is not even available.
“In most sub-Saharan Africa, 70% of the population don’t have access to clean cooking fuels. Therefore, you must fill the supply gap first.”
He noted that although people talk about using the renewables to close the energy transition gap, the money for the renewables too must be found.
“If you insist on completing substitution today, then you have to deal with the problem of supply. For us today, the transition must be differentiated. Even if Africa decides to switch off its fossil fuels, it only accounts for just about 3% of the entire global emissions,” the GCEO added.
He pointed out that at the moment, NNPC Ltd’s focus is to build its capacity to deliver gas to the domestic market and beyond.
According to him, Nigeria as a gas-endowed country, must utilize its abundant gas resources to provide the alternative fuel that it needs.
“We understand the arguments towards attaining energy transition, but the cheapest way to achieve that is through gas. We see clear opportunities that gas creates. Today we are building a number of trunklines and other gas infrastructure that will supply gas to a number of gas networks,” Kyari noted.
The GCEO said there is an ongoing engagement on the Nigeria Morocco Gas Pipeline Project (NMGP), which is at an advanced stage, to create a pipeline that will pass through thirteen African countries and all the way to Europe.
He hinted that the Final Investment Decision (FID) for the $25bn Nigeria-Morocco Gas Pipeline (NMGP) Project will be made by December, 2024.
He stated that as the largest oil and gas company and corporate entity in Africa, the NNPC Ltd is critical to Nigeria’s resource management and economic development.
He observed that the Petroleum Industry Act (PIA) 2021 has reformed Nigeria’s oil and gas industry, by ensuring that the NNPC Ltd emerged as a fully commercial entity that is not only accountable and responsible to its shareholders, but also one that is on the pathway of getting quoted on the stock exchange.
Kyari said Nigeria was fighting the menace of crude oil theft frontally and through the joint efforts of government and private security agencies, there has been some reasonable improvements in the restoration of the nation’s crude oil production.
“Ït is an abnormal situation, but it is well within control. We were able to recover some of our production and build back confidence so that investors can bring in their money. We are also doing global advocacy to governments and institutions, because stolen oil has to be taken to the market,” he stated.
He said an example of the improved security situation was when in 2022, Nigeria’s production fell below 1 million barrels per day, which was restored to 1.7 million barrels per day.
CERAWeek is one of the largest energy conferences in the world, drawing thousands of foremost global energy industry experts and a host of other corporate and government leaders from around the world annually to Houston, United States for a week-long conversation on the future of energy.
Organised by S&P Global, the conference has grown in recent years to accommodate new energy technologies and climate issues.
The 2024 conference is expected to have participants from over 90 countries and will feature 1,400 speakers.
Under the theme Multidimensional Energy Transition: Markets, Climate, Technology and Geopolitics the CERAWeek 2024 will explore “strategies for a multidimensional, multispeed and multifuel energy transition,” as the global energy industry tries to respond to, and offer insight into roadmap towards, growing demand for emissions reductions and moving towards cleaner forms of energy.
NEWS
NNPC Reveals Sokoto Healthcare Intervention as September Profit Hits ₦509bn
The Nigerian National Petroleum Company (NNPC) Limited has disclosed its support for healthcare infrastructure in Sokoto State through the donation and subsequent handover of an Infectious Diseases Hospital (IDH) to the state government.
The development was contained in the company’s September 2026 Monthly Operations and Financial Report, which also highlighted its financial performance, oil and gas production, pipeline infrastructure and other operational activities.
According to the report, the Sokoto State Commissioner for Health visited the NNPC Foundation and NNPC Limited on September 1, 2026, to present a letter of appreciation to the Foundation for donating the Infectious Diseases Hospital and handing it over to the Sokoto State Government.
SEE MORE: Tinubu Promises to Boost Local Production with NNPC Refineries
The engagement provided an opportunity for the state government to formally acknowledge the Foundation’s intervention and support towards strengthening healthcare infrastructure in Sokoto State.
The report identified the engagement as part of the NNPC Foundation’s public impact initiatives.
NNPC Records ₦509bn September Profit
On its financial performance, NNPC recorded a profit after tax of ₦509 billion in September 2026, representing an 18.1 per cent increase compared with the previous month.
The company’s revenue also rose to ₦4.608 trillion from ₦3.74 trillion recorded in August, representing an increase of approximately 23.2 per cent.
Cumulative statutory payments to the Federation increased by 17.4 per cent, rising from ₦9.49 trillion between January and August to ₦11.14 trillion between January and September 2026.
Crude Oil and Gas Production
The report showed that average crude oil and condensate production stood at 1.70 million barrels per day during the period.
Natural gas production increased to 7,789 million standard cubic feet per day, while total hydrocarbon production reached 3.04 million barrels of oil equivalent per day.
The monthly operational summary also presented production and sales trends for crude oil, condensate and natural gas.
Pipeline Infrastructure Records Progress
On infrastructure development, NNPC reported 100 per cent availability of its upstream pipelines.
The company also disclosed that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline had reached 100 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline stood at 95 per cent completion.
According to the report, the OB3 River Niger Crossing pipeline had been commissioned and operationalised.
For the AKK pipeline, NNPC said sustained collaboration with stakeholders was helping to accelerate construction and pre-commissioning activities towards achieving early gas delivery to Abuja in 2026.
NNPC Reports 54% Retail Station Availability
The report also highlighted the availability of petrol at NNPC retail stations across the country, putting the nationwide Premium Motor Spirit (PMS) availability level at 54 per cent.
A geographical map showing retail station availability across different parts of Nigeria was included in the monthly operational summary.
NNPC Outlines Strategic Production Efforts
On efforts to sustain production growth, NNPC listed accelerated restoration of shut-in wells and facilities, production optimisation and well interventions among its priorities.
The company also highlighted efforts to strengthen facility reliability and preventive maintenance, address infrastructure and operational constraints, improve community engagement and resolve storage, tank-top and export infrastructure challenges.
These measures, according to the report, are aimed at sustaining production growth and improving operational efficiency across its oil and gas assets.
NEWS
Nigeria Must Create Jobs Before Graduates Leave School, Ex-NLC Chief Tells FG
Former General Secretary of the Nigeria Labour Congress (NLC), John Ejoha Odah, has urged the Federal Government to develop a comprehensive employment strategy that provides jobs for young Nigerians before they graduate from educational institutions.
Odah said the government must adopt proactive employment planning by projecting the number of graduates expected to enter the labour market annually and making adequate arrangements to absorb them.
He made the call during an appearance on NTA’s Good Morning Nigeria on Wednesday, where he blamed the country’s persistent unemployment challenge on the failure of successive administrations to sustain national development plans.
ALSO SEE: Nigeria’s Unemployment Rate Drops To 4.3% In Q2 2024 – NBS
According to him, Nigeria’s political leadership has abandoned young people to their fate by failing to implement deliberate policies that create employment opportunities.
“The fundamental problem that we have in this country is the fact that our ruling elite have abandoned the Nigerian youth to their fate,” Odah said.
He explained that Nigeria previously operated five-year national development plans, which enabled the government to anticipate future employment needs and make arrangements for young people expected to graduate within two to five years.
The former NLC leader traced the worsening unemployment situation to the abandonment of national development plans between the late 1970s and 1985.
He also recalled the establishment of the National Directorate of Employment (NDE), explaining that the agency was created as a stopgap measure to provide employment and self-employment opportunities for young Nigerians.
Odah, however, stressed that the NDE was never intended to serve as the country’s primary driver of employment.
“What we need is a comprehensive employment scheme based on development programmes and industries,” he said.
He further disclosed that during his time in the labour movement, efforts were made to establish a national job summit involving the Ministry of Labour, the International Labour Organisation (ILO) and other government institutions.
According to him, the initiative produced an employment plan presented to the National Executive Council, targeting the creation of at least four million jobs within four years across the federal, state and local governments.
Odah said the proposal was developed around 2005 but was abandoned after the administration under which it was initiated left office.
He expressed concern that Nigeria has yet to establish a coherent employment strategy capable of addressing the needs of young people entering the labour market.
The former labour leader warned that failure to address youth unemployment could further encourage social challenges, including irregular migration, as Nigerians continue to seek better opportunities abroad.
NEWS
Sanusi Lists Tinubu’s Economic Gains, Reveals What Could Restore Nigeria’s 2005 Living Standards
The Emir of Kano, Muhammadu Sanusi II, has highlighted improvements in Nigeria’s economic performance under President Bola Tinubu, saying the administration deserves credit for bringing the country back from the brink of economic collapse.
Sanusi made the remarks at the Oxford Global Think Tank conference, where he assessed the impact of the Tinubu administration’s economic reforms and acknowledged progress in key economic indicators.
SEE ALSO: Dangote IPO Will Spread Wealth Across Nigeria – Emir Sanusi
The former Governor of the Central Bank of Nigeria (CBN) pointed to the country’s 4.48 per cent Gross Domestic Product (GDP) growth in the second quarter of 2026, describing it as an improvement compared with the economic performance recorded during the administration of former President Muhammadu Buhari.
According to him, Nigeria’s economy grew by approximately 0.9 per cent during the Buhari years, while the latest growth figures indicate a stronger economic performance.
Sanusi also highlighted the decline in inflation, saying it had dropped from 30 per cent to 14.6 per cent, with projections indicating a possible reduction to 12.5 per cent by the end of 2026.
He further disclosed that Nigeria’s GDP per capita, measured in dollar terms, had increased by 47 per cent since 2023.
The Emir said sustaining the current growth trajectory could return the country’s GDP per capita to its 2005 level by the end of 2027.
“If we continue at this rate, by the end of next year, GDP per capita will be back to where it was in 2005,” he said.
On the country’s external reserves, Sanusi disclosed that they had reached $55 billion, although he cautioned that a significant portion of the inflows was driven by foreign portfolio investments, which he described as volatile.
He attributed some of the investor interest to high oil prices linked to the conflict around the Strait of Hormuz, alongside the attractive returns available in Nigeria’s financial market.
Sanusi also identified the Dangote Refinery as part of the country’s growing economic diversification, claiming that 20 per cent of Nigeria’s exports were coming from the facility.
According to him, the developments suggest that the country is laying the foundations for economic stability, although more work remains to be done.
“I’m not a fan of politicians, but we need to give credit to President Tinubu’s administration for bringing us back from the brink,” Sanusi stated.
He stressed that the progress recorded should be recognised as an initial step towards stability rather than an indication that Nigeria’s economic challenges have been fully resolved.





