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Modular Refinery: FG lauds Waltersmith, NCDMB on completion of 5000 bpd…plans expansion to 50,000 bpd

The company growth plans part of which is to significantly expand the refinery’s production capacity to 50,000 barrels of crude oil per day. He said: “We have started with the first module which is 5000 barrels. The next module will be 25,000 barrels. Then the finale module will be 20,000.

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Precious ADELOLA

IBIGWE-THE Federal Government has applauded Waltersmith Petroman Oil Limited and the Nigerian Content Development and Monitoring Board (NCDMB) for their effective partnership that led to the record completion of the Waltersmith 5000 barrels per day modular refinery within two years.

The Honourable Minister of Information and Culture, Chief Lai Mohammed conveyed the  commendation on Tuesday after touring the project located at Ibigwe, Ohaji/Egbema LGA, Imo State, in company with the Governor of Imo State, Senator Hope Uzodinma, the Minister of State for Education, Hon Chukwuemeka Nwajiuba and the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote.

The modular refinery was started in October 2018 and will commence operations on October 14, 2020, loading out 23 trucks of refined products per day, having concluded off-take arrangements with select firms.

The Minister stated that the completion of Waltersmith modular refinery and conceptualization of similar projects in Bayelsa were key achievements of President Muhammed Buhari’s administration, adding that modular refineries only became a reality under the present administration despite years of rhetoric by previous governments.

Mohammed described modular refineries as key to meeting the Federal Government’s agenda of increasing local refining capacity, enhancing value addition to the hydrocarbon resources and employment generation. He gave assurance that government through the Ministry of Petroleum Resources and relevant agencies will provide Waltersmith with all necessary support it needs to operate and grow sustainably.

In his remarks, the Executive Secretary of NCDMB expressed pride that the Board moved quickly to invest 30 percent equity in the Waltersmith modular refinery project with the approval of its Board’s Governing Council. He hinted that the project had several benefits, including generation of direct, indirect, and induced employment opportunities for management staff, plant operators, technicians, drivers, cleaners, suppliers, security personnel and others.

He said that one of NCDMB’s mandates is to develop in-country capacities and capabilities to utilize and add value to the nation’s hydrocarbon resources, while its vision is to serve as a catalyst for the industrialization of the Nigerian oil and gas industry and its linkage sectors.

 According to him, “this vision contributes to the realization of our 70 percent Nigerian Content target in the oil and gas sector by 2027. Our partnership with Waltersmith and other similar investments are some of the levers we are using to deliver the target growth rate.”

Wabote canvassed that at least 10 percent of Nigeria’s oil production should be refined through the modular refineries. He noted that an average of ten direct jobs were created for every 1,000 barrels/day capacity of modular refinery, hence over 2,500 direct jobs and over 25,000 indirect jobs can be created if 10 percent of Nigeria’s production is refined using modular refineries.

In his welcome remarks, the Chairman of Waltersmith Petroman Oil Limited, Mr. Abdulrasaq Isah indicated that the company decided to embark on the modular project as a strategy to address incessant pipeline vandalism and theft of its crude oil products. The project will also ensure import substitution, energy security for the nation, lower of the company’s operating cost and create lots of jobs, he revealed.

He outlined the company growth plans, “part of which is to significantly expand the refinery’s production capacity to 50,000 barrels of crude oil per day. He said: “We have started with the first module which is 5000 barrels. The next module will be 25,000 barrels. Then the finale module will be 20,000.

“At that point we will be loading 120 trucks every day at peak production, comprising different products-diesel, kerosene, PMS, HFO and Jet Fuel.”

He confirmed that load out of products will commence on October 14, starting with diesel, to be followed closely with the commencement of phase two of the project.

Isah also endorsed Federal Government’s deregulation of the downstream subsector, remarking that “the removal of subsidy has created a market for what we are doing. It also facilitates our ability to raise financing for the next module we will be doing.”

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Tinubu’s Men Bomb Atiku on Fuel Subsidy

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Nigeria’s former Vice President Atiku Abubakar’s promise of restoring petrol subsidy if elected president in 2027 has drawn attacks from the corner of President Bola Ahmed Tinubu.

The Presidency reacted sharply to Atiku’s pledge, describing it as a deceptive political jab, capable of undermining Nigeria’s economic recovery.

The Special Adviser to the President on Media and Public Communication, Sunday Dare, stated this in a statement on Thursday, following Atiku’s declaration that he would reverse the subsidy removal if elected.

Dare accused Atiku of attempting to manipulate Nigerians for political gain, saying the former Vice President’s position could halt what he described as ongoing recovery across various sectors of the economy.

“Atiku Abubakar: Your pronouncement that you will bring back fuel subsidy is drenched in hypocrisy and deceit. It is an unpardonable manipulation of the public psyche, designed to hoodwink unsuspecting Nigerians into voting for you,” Dare said.

READ ALSO: NUPRC Says Nigeria has Extracted 4.6bn Barrels from Deep Offshore

He added, “The ongoing recovery across various sectors of our national life annoys you, and will be halted if this thinking of yours is implemented. By the Grace of God, it will not happen, and all good men of conscience must rise up against you.”

Atiku had made the pledge during a Facebook Live session while responding to questions on the removal of the petrol subsidy and how the savings from the policy had been utilised.

The former Vice President said he initially did not oppose the subsidy removal but questioned how the savings had been spent.

“I initially did not oppose the removal of the fuel subsidy. But now that it has been removed, where is the money? Where has the subsidy money gone? Has it been used to improve healthcare, education or security?” Atiku asked.

He added, “If I win the presidential election, I will restore the subsidy. And anyone who stole Nigeria’s subsidy funds must return the money.”

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FAAN Clears Air on Bolt, Uber Suspension, Says Services Will Resume

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Chaos at Lagos Airport, Flights Diverted Over Runway Closure

The Federal Airports Authority of Nigeria has clarified its decision to suspend the commercial operations of ride-hailing platforms Bolt and Uber at airports under its management, saying the services will resume once their licence agreements are finalised.

FAAN said the suspension was driven by safety, security and operational concerns and was not intended to prevent passengers from accessing convenient transportation options.

The clarification followed public reactions to an internal memo dated July 30, 2026, and signed by the General Manager, Commercial Services, U.R. Liman.

SEE MORE: FAAN Bans Cash Payments At Airports Nationwide

The memo directed Regional General Managers and Airport Managers to ensure that Bolt and Uber ceased commercial operations at all FAAN-managed airports pending the finalisation and execution of their licence agreements.

The memo read: “Please be informed that pending the finalisation and execution of the License Agreement with Bolt and Uber, the authority has directed Messrs Bolt and Messrs Uber to cease all commercial operations at all FAAN-managed airports immediately. Consequently, you are to ensure that all operations of both Bolt and Uber are suspended until their License Agreements have been finalised and concluded.”

However, FAAN, in a statement issued in response to the public outcry, said its position was not aimed at limiting passengers’ access to transportation services.

“FAAN wishes to clarify that its position is not, and has never been, directed at limiting passengers’ access to transportation options or undermining the important role that e-hailing services play in providing convenient mobility to air travellers,” the authority said.

FAAN explained that airports were highly regulated environments and that commercial transportation providers operating within airport premises were required to operate under an appropriate framework that would provide adequate visibility over their vehicles and drivers.

The authority said this was necessary to ensure that transportation providers were identifiable, accountable and properly integrated into the airport’s operational and security framework.

FAAN also clarified that its ACHRAMS platform was not an e-hailing application and was not designed to compete with Uber, Bolt or other ride-hailing platforms.

“ACHRAMS is not an e-hailing application and is not intended to compete with or replicate the services provided by Uber, Bolt or any other e-hailing platform,” it stated.

According to FAAN, it had received complaints and observed operational challenges linked to commercial transportation activities within and around airport premises, including passenger solicitation and touting.

The authority said it had therefore been engaging Bolt and Uber to establish a workable operational framework that would address safety, security, accountability and passenger-experience concerns while allowing the platforms to continue serving travellers.

“The current situation should therefore not be misconstrued as FAAN declaring a blanket prohibition on e-hailing services,” FAAN said.

The authority added that it recognised the convenience and additional transportation choices provided by Bolt and Uber and appreciated concerns from passengers who might experience inconvenience while the issues were being resolved.

FAAN said it was keen to conclude the discussions with the affected operators expeditiously.

“The authority and the affected operators are currently engaged in constructive discussions towards resolving the outstanding issues, particularly those relating to passenger safety and security, operational visibility, accountability and the appropriate management of pick-up activities within the airport environment.”

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Adeleke Campaign Spokesman Makes U-Turn, Withdraws Remarks Against Okpebholo

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The spokesperson for the Ademola Adeleke Governorship Campaign Council, Pelumi Olajengbesi, has withdrawn remarks he made against Edo State Governor, Monday Okpebholo, over the governor’s conduct during the Osun State governorship election campaign.

Olajengbesi, in a statement on Thursday, said he was withdrawing comments that may have appeared disrespectful to Okpebholo, who was in Osun State campaigning for the All Progressives Congress during the August 15 governorship election.

ALSO READ: Why Adeleke Defeated APC in Osun, Wike Explains

“I personally withdraw my earlier remarks that may have appeared disrespectful to the Governor of Edo State, His Excellency, Senator Monday Okpebholo,” he said.

The withdrawal followed a series of exchanges involving Okpebholo and supporters of Adeleke during and after the election.

The controversy followed comments by Okpebholo mocking Adeleke’s dancing during an APC campaign rally in Osun.

The Edo governor had questioned whether voters were tired of Adeleke’s dancing, saying the governor danced before signing documents, before breakfast and before drinking tea.

Reacting to the development, Olajengbesi said although he considered Okpebholo’s conduct during the campaign uncharitable, the election was over and political disagreements should not undermine respect for public institutions.

“Governor Monday Okpebholo was in Osun State for the election and, in my view, conducted himself in a very uncharitable manner. But the election is now over,” he said.

Olajengbesi also advised the Edo governor to communicate more through his media aides and reduce the activities of what he described as “two overzealous cheerleaders” around him.

He noted that several prominent Nigerians and APC members participated in the Osun election campaign without publicly disrespecting Adeleke or diminishing the dignity of his office.

“I therefore withdraw any statement that may have appeared unduly insulting or disrespectful. Political disagreements should never prevent us from respecting public institutions and the offices people occupy,” he said.

The development comes amid continued political exchanges following the Osun governorship election, which Adeleke won to secure a second term in office.

Olajengbesi, however, urged residents of Edo State to continue holding Okpebholo accountable, saying such scrutiny remained part of citizens’ responsibility in a democracy.

“I equally encourage the good people of Edo State to continue to hold their Governor accountable. That is the responsibility of citizens in every democracy,” he added.

The statement came days after singer David Adeleke, popularly known as Davido, rejected calls for him to apologise to Okpebholo over an Instagram post concerning the governor’s academic credentials.

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