NEWS
Naira-For-Crude Policy Still-In-Force – Chairman, Technical Sub-Committee
The crude-for-naira policy of the President Bola Ahmed Tinubu administration remains in force, and it is not being considered for review, given the numerous advantages it has brought to the domestic economy.
These views were made public by the Chairman, Technical Sub-Committee, Zacch Adedeji. His committee is saddled with the responsibility of ensuring the implementation of the policy by the Federal Executive Council (FEC).
Adedeji’s position was detailed in a statement put out on the socials of the Special Adviser to the President, (Information and Strategy), Bayo Onanuga, on Tuesday.
ALSO READ: Under Tinubu, Nigeria Is Moving In Right Direction
It reads, “Our attention has been drawn to reports doing the rounds and suggesting that the naira-based crude oil supply arrangement with local refineries has been discontinued, forcing the domestic refineries to rely solely on international crude purchases.
These reports do not reflect the realities of the ongoing work under the Federal Executive Council Initiative on Domestic Sales of Crude Oil and Refined Products in Naira.
As the committee driving the implementation of this laudable initiative, we wish to provide an update on the Federal Executive Council initiative and confirm as follows:
– The Naira-Based Domestic Sales Framework Remains in Place
The policy framework enabling the sale of crude oil in naira for domestic refining remains in force. The initiative was designed to ensure supply stability and optimize the utilisation of local refining capacity. There has been no decision at the policy level to discontinue this approach nor is it being considered. After implementing the policy for some months, evidence abounds that it is the right way to go and it will continue to help the economy.
– Local Refineries Have Not Been Excluded from Domestic Crude Supply
The engagement process for crude oil supply to domestic refineries therefore remains in place by structured agreements, balancing factors such as availability, demand, and market conditions. There is no exclusion of local refineries from access to domestic crude. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is actively ensuring compliance with the Domestic Crude Oil Obligations provisions of the Petroleum Industry Act.
– The Initiative Supports Competitive Pricing and Market Efficiency
The framework for domestic crude transactions is designed to promote a competitive and efficient pricing environment.
– The Committee Continues Its Work on Strengthening Implementation
We remain committed to ensuring the efficient execution of this initiative in line with its core objectives – enhancing local refining, reducing foreign exchange exposure, and stabilising the domestic fuel supply.
NEWS
‘Military Gets Huge Budgets, Yet Air Crashes Persist’ — Shehu Muhammad
Rights activist, public affairs analyst and Chief Executive Officer of The Dialogue, Shehu Muhammad, has questioned the continued occurrence of military aircraft crashes despite the huge budgetary allocations to the country’s defence and security sector.
Muhammad spoke while reacting to the recent Nigerian Navy aircraft crash in Irele Local Government Area of Ondo State during an interview on Channels Television’s The Morning Brief.
Describing the incident as “one incident too many,” he recalled that Nigeria had recorded several military aircraft crashes involving the Nigerian Air Force and Nigerian Army over the years.
RELATED NEWS: Military Gear Found at Ondo Crash Site as Helicopter Burns to Rubble
He said the recurring incidents had raised concerns among members of the public about the condition of military aircraft and the process through which military hardware is procured.
“People have begun to cast aspersions as to the honesty, sincerity, and openness in the purchase of military hardware, including airplanes,” Muhammad said.
According to him, the concerns are heightened by the substantial funds allocated to the military and other security agencies over the years.
“There are insinuations by the public that, after all, the military receive the highest amount of money from the budget year in, year out,” he said.
Muhammad also questioned the transparency of defence procurement, particularly the process of selecting contractors for the supply of military equipment.
He argued that the repeated crashes should prompt authorities to examine military aviation operations, aircraft procurement and the management of defence resources.
The latest crash occurred in Irele, Ondo State, with recovery efforts reportedly complicated by the difficult terrain around the crash site.
Muhammad said the latest incident should not be treated in isolation, but should lead to broader questions about military aviation safety and the management of resources allocated to the defence sector.
He called for greater transparency and accountability in the procurement and management of military hardware to restore public confidence.
NEWS
‘NYSC Has Outlived Its Usefulness, Should Be Scrapped’ — Shehu Muhammad
Rights activist and public affairs analyst, Shehu Mohammed, has called for the scrapping of the National Youth Service Corps (NYSC), saying the scheme has outlived its usefulness amid growing security concerns across the country.
Shehu made the call on Wednesday during an interview on Channels Television’s The Morning Brief, while reacting to the kidnapping of prospective corps members travelling to orientation camps in Akwa Ibom and Anambra states.
He described the incident as “one incident too many,” noting that kidnapping, maiming and the detention of victims in kidnappers’ camps had become frequent in several parts of the country.
SEE ALSO: 2027: North Should Back South-West To Complete 8 Years In Power — Shehu Sani
“I think it is just a case of one incident too many. There are more unreported cases of kidnapping and maiming and detention in kidnappers’ den, almost all over the country, especially in the northern part of the country: the Middle North West, North East, and North Central. It’s a daily, daily happening,” Sani said.
He said the security situation had made him question the continued relevance of the NYSC scheme, which was established to promote national unity.
“When Bukola was saying that she objects to the scrapping of NYSC, I tend to take a different view. My view is that the entire NYSC was meant to unite Nigeria, but if in uniting Nigeria you lose your daughter, you lose your son, you lose your uncle, you lose your sister, you lose your neighbour, then it’s not worth the trouble,” he said.
Shehu argued that corps members should instead be allowed to serve in their respective states, eliminating the need for young Nigerians to travel long distances to orientation camps.
“This NYSC issue should be scrapped, removed from the constitution, allow each and every corps member to serve in his own state, traveling with all the dangers, with all the costs,” he said.
He also highlighted the financial burden placed on families when corps members are posted far from their home states.
“If a child is going from Katsina to Anambra State to report to the camp, minimum that you give him is three hundred thousand naira for transfer cost, three hundred. How many parents have three hundred thousand naira to give their wards?” Sani asked.
He said the financial burden was only one aspect of the problem, with corps members also facing security risks and possible trauma during interstate travel.
“Minus all the dangers, the consequences, the uncertainties, the traumas involved. If your child has to go through a trauma, through uncertainty, through pain, through kidnapping, through raping, eventually through killing, why do you have to go for NYSC?” he said.
“As far as I’m concerned, the NYSC project has outlived its usefulness. It should be scrapped.”
Shehu also warned that kidnapping in Nigeria was taking a new dimension, with criminal groups increasingly targeting vulnerable groups.
“Corps members are vulnerable groups. Travelers for commercial purposes all over the country are vulnerable groups. Therefore they are now going for soft targets,” he said.
According to him, kidnappers also use abductions to blackmail victims’ families and government authorities into paying ransom.
“The next one is blackmailing either the parents or blackmailing government to collect money,” he said.
Sani alleged that ransom payments were subsequently used to finance criminal activities.
“So they can finance their arm purchase. They can finance their purchase of hard drugs to enable them operate without pity and compassion, and to send permanent fear into the community,” he said.
He added that the kidnappers were using their activities to create fear within communities, despite being relatively few in number.
NEWS
NCDMB, Zeconia Global Train 50 on Digital Oilfield Operations
The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Zeconia Global Investment CO. Ltd, has successfully completed the Training on Digital Oilfield Operation & Data Analytics for 50 participants in Lagos State.
The 5-day intensive capacity-building program, which was held from September 28 to October 2, 2026 in Lagos, came to a successful close with participants equipped with cutting-edge digital skills for the oil and gas industry.
The training was designed to bridge the digital gap in the sector, exposing beneficiaries to practical knowledge on digital oilfield architecture, production optimization, real-time data monitoring, IoT applications, predictive analytics, and data-driven decision making in upstream operations.
READ ALSO: 40 Oil Blocks up for Grabs as NUPRC Opens 2026 Bid Round
At the closing ceremony, the Managing Director of Zeconia Global Investment Co. Ltd, Olawore Oladipupo, conducted the official handover to participants, applauding their commitment, active participation and eagerness to learn throughout the duration of the training.
He charged them to leverage the knowledge gained to add value to the industry and position themselves for emerging opportunities in the digital energy space.
Participants expressed profound appreciation to NCDMB and Zeconia Global for the life-changing opportunity, describing the training as impactful, practical and timely for the evolving global oil and gas landscape.
The programme once again demonstrates NCDMB’s unwavering commitment to human capital development, local content growth and strategic partnerships aimed at empowering Nigerians with relevant skills for the future of work.






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