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Nigeria’s 50-year Wait Ends, As Tinubu Unveils $400m Otakikpo Oil Terminal

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Nigeria’s President, Bola Ahmed Tinubu has inaugurated the $400 million Otakikpo crude oil export terminal in Ikuru Town, Andoni Local Government Area of Rivers State.

Biztellers reports that this is the first new onshore crude export terminal in Nigeria in over 50 years, and the first to be fully developed by an indigenous company, Green Energy International Limited (GEIL).

President Tinubu described the project as a key achievement that aligns with his administration’s Renewed Hope Agenda, that aims to expand energy infrastructure, deepen local participation, and ensure energy security.

President Tinubu, represented by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, declared, “This project is very significant because one of the biggest challenges we face in the oil and gas industry is evacuation. This terminal will not only serve Green Energy but also other operators in this region. It aligns perfectly with our objective to ramp up production and showcase the capacity of indigenous companies.”

He maintained that oil and gas will continue to play a crucial role in Nigeria’s development despite global shifts toward renewable energy.

According to him, “Oil and gas will never go away. The International Energy Agency has now admitted that the world must invest over $540 billion yearly in the upstream sector to avoid an energy crisis. We cannot abandon our God-given resources.”

In addition, President Tinubu disclosed that the Federal Government was engaging with Ogoni leaders to resolve longstanding issues that have hindered oil production in their communities. “Once the Ogoni issue is resolved, this terminal will serve as a key evacuation point for crude produced there,” he said.

President Tinubu further announced that the African Energy Bank, to be hosted by Nigeria, would soon become operational to address Africa’s funding challenges in the energy sector, noting that the country has met all legal and financial obligations.

He urged Niger Delta communities to maintain peace and collaborate with operators, stressing that oil and gas only create value when produced.

On his part, Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, described the Otakikpo Terminal as a turning point in Nigeria’s upstream oil landscape.

Komolafe noted that the terminal, with an initial storage capacity of 750,000 barrels, which is expandable to three million, would enhance Nigeria’s export efficiency, reduce pressure on aging infrastructure, and empower indigenous operators to compete globally.

“For over half a century, our crude export infrastructure has been dominated by Bonny, Escravos, Forcados, Qua Iboe, and Brass terminals, all built by international oil companies. The commissioning of the Otakikpo Terminal today changes that story and marks the dawn of a new era of indigenous participation, he noted.

Earlier in his remarks, Chairman and Chief Executive Officer of GEIL, Prof Anthony Adegbulugbe, described the commissioning as a historic day that showcases Nigeria’s capacity to deliver world-class oil and gas infrastructure.

He explained that the facility, designed and executed entirely by Nigerian professionals, was completed in less than two years, ahead of schedule.

ALSO READ: Tinubu’s Minister Resigns Over Forgery Scandal

According to Prof Adegbulugbe, the terminal would serve as a catalyst for national renewal, unlocking over 40 stranded fields in the region with estimated reserves exceeding three billion barrels of crude oil.

“For over fifty years, Nigeria has relied on only five major onshore crude export terminals. With the commissioning of the Otakikpo Onshore Terminal, that story changes.

“This is the first new onshore terminal in over half a century, and the only one conceived, built, and operated by an indigenous exploration and production company.

These fields alone could contribute more than 200,000 barrels per day to Nigeria’s production,” he said.

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‘Oseni Rufai Helped Me, Not NiDCOM’ — Ekene Chukwuma on Return to Nigeria

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Nigerian national Ekene Chukwuma has said he returned to Nigeria with assistance linked to Oseni Rufai rather than the Nigerians in Diaspora Commission (NiDCOM), while renewing allegations against the commission’s chairperson, Abike Dabiri-Erewa, over his travel documents.

Chukwuma made the remarks in an interview in which he explained how he returned to Nigeria after spending months at a deportation camp in India.

RELATED NEWS: Rufai Oseni Row: NiDCOM Breaks Silence on Nigerians Detained in India, Addresses Ekene’s Case

“My name is Kenneth Chukwu, from Enugu State,” he said, introducing himself before explaining how he returned to the country.

“I came back here with the assist of Osini Roufai, a good friend of him,” he said.

Chukwuma denied that NiDCOM facilitated his return, alleging that the commission had published false information about his case.

“NiDCOM made a lots of false, uh, news acquisition against me, which is still in Abike Dabiri handle in Twitter,” he said.

He also accused Dabiri-Erewa of sharing his expired international passport and a travel certificate he claimed was issued six months after he entered the detention camp.

“He also, she also posted my international passport that expired. He also, she also posted my TC that issued after 6 months,” he said.

His comments renew questions surrounding the handling of his case and the circumstances under which he obtained the documents needed to return to Nigeria.

Chukwuma’s detention in India previously sparked a public disagreement between ARISE News presenter Oseni Rufai and Dabiri-Erewa over NiDCOM’s response to reports of his situation.

Oseni raised concerns about Chukwuma’s detention and the commission’s handling of the case, while Dabiri-Erewa defended NiDCOM’s position and explained the process for submitting information to the commission.

NiDCOM subsequently issued its account of Chukwuma’s detention, stating that he had been arrested in India over a visa overstay and addressing the circumstances surrounding his travel documents.

The differing accounts prompted public debate about the commission’s response to Nigerians facing immigration difficulties abroad.

 

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‘Who Owns NNPC?’ Rufai Grills Olabode Sowunmi Over Fuel Subsidy

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Rufai Oseni has challenged political analyst Olabode Sowunmi over the Federal Government’s 30-day petrol discount, questioning whether the intervention amounts to a return of fuel subsidy despite claims that the discount is being borne by the Nigerian National Petroleum Company Limited (NNPC).

The exchange occurred during an edition of The Morning Show on Arise News, where Oseni questioned Sowunmi about the financial implications of the petrol discount and other measures introduced to cushion the impact of fuel prices.

Oseni argued that several elements of the government’s intervention could be regarded as forms of subsidy, insisting that NNPC’s ownership structure must be considered when determining who ultimately bears the cost.

SEE MORE: ‘Another Speech to Tell Us, It Is Well’ — Oseni Rufai Reacts to Tinubu’s Address

“No matter how you try to explain it away, a subsidy is a subsidy,” Oseni said.

He challenged the argument that the discount should not be classified as a government subsidy simply because NNPC was responsible for providing it.

“We’re talking like NNPC is not owned by [the government] and heavily equity-based by the Ministry of Finance Incorporated,” he said.

Oseni identified the 30-day discount, forward sales of crude oil to domestic refineries, a proposed price ceiling, the removal of road levies and the consideration of an excess-profit tax among the measures he believed could amount to different forms of subsidy.

He argued that forward sales of crude oil to domestic refineries, with increased volumes as production grows, could help shield petrol pump prices from fluctuations in the international market.

Oseni also questioned the proposed negotiation of a price ceiling of ₦1,350 on landing and ex-country costs, arguing that government intervention to moderate prices contradicted the principle of allowing market forces to determine them.

“You are not supposed to come in to do this. Let me go back to your words: forces of market supply and demand should do this, but you have now come in to do this. That’s another form of subsidies,” he said.

He further cited the removal of road levies and cooperation with state governments under new tax laws as part of the measures requiring scrutiny.

After listing the interventions, Oseni demanded that Sowunmi explain their financial implications and identify who would ultimately pay for the petrol discount.

“But tie this with the most important question, actually, that you skipped: How much will this cost NNPC, and who pays for it? Don’t evade that question. Tell us the cost item and how much, who will pay for it,” Oseni said.

Sowunmi Defends His Position

In his response, Sowunmi argued that a government subsidy should be determined by whether the government bears the difference between the total cost of a product and its selling price.

He explained that a subsidy occurs when the government assumes the financial burden created by the gap between the cost of a product and the price at which it is sold.

“In the case of the discount that has been announced, it is borne by NNPC. So that cannot be…” Sowunmi said before Oseni interrupted.

Oseni challenged the distinction, insisting that NNPC’s ownership made it necessary to establish whether the cost could ultimately be linked to the government.

“Wait, not—who owns NNPC? Please answer. No, no, a straight question, and you can go ahead. Who owns NNPC?” Oseni asked.

Sowunmi responded that he had been invited to contribute to the discussion and should be allowed to complete his explanation.

“You asked, you asked NNPC because you believe—you asked me a question because you believe I have something to say. You cannot—you cannot tell me how to talk, so just be…” he said.

Oseni subsequently repeated his question about NNPC’s ownership, prompting Sowunmi to urge him to exercise patience.

“Basically, you need to be a bit patient and just…” Sowunmi responded.

The available transcript ends during the exchange, with no further explanation of the financial arrangements or conclusion to the discussion provided.

 

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JUST IN: Amnesty Volunteer Lawrence Zongo Regains Freedom After 10 Days In Custody

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Anambra Governorship Election: Soldiers fire live bullets in Ihiala

Human rights defender and Amnesty International volunteer, Lawrence Zongo, has been released from the custody of the Nigerian Army in Jos, Plateau State, after spending 10 days in detention.

His release comes after Amnesty International and the Take-It-Back (TIB) Movement demanded his immediate release, raising concerns over his alleged incommunicado detention at the Nigerian Army’s 3 Division headquarters in Jos.

ALSO READ: How Troops Forced Kidnappers to Abandon Abducted Army Lieutenant Colonel in Enugu

“Zongo is out,” a source privy to the information said on Thursday.

Zongo was arrested on October 5 while visiting relatives receiving treatment at a military hospital within Maxwell Khobe Cantonment, Rukuba Barracks, the headquarters of the Army’s 3 Division.

He had reportedly gone to the facility to assist family members who were attacked by gunmen in Meyango, Bassa Local Government Area of Plateau State, on Sunday night.

Sources familiar with the incident said one of Zongo’s first cousins died from injuries sustained in the attack before he arrived at the hospital late Monday morning.

Following his arrest, sources alleged that Zongo was held without charge and denied access to his lawyers and family members.

Sources also claimed that he was wearing Ray-Ban Meta smart glasses when he visited the military facility, suggesting that this might have contributed to the soldiers’ decision to detain him. However, the claim had not been independently verified.

On October 8, Amnesty International raised the alarm over what it described as the arbitrary and incommunicado detention of its member, demanding that the military either release him immediately or hand him over to the appropriate civilian authorities.

The organisation said efforts to gain access to Zongo had been unsuccessful and called on the Army to clarify the circumstances surrounding his arrest and detention.

On October 13, the Take-It-Back Movement’s Plateau State chapter also demanded his release, alleging that he remained in military custody without a clear explanation.

The movement said its members and executive committee representatives had discussed the matter during an appearance on JayFM Jos, insisting that the military should disclose the offence Zongo was suspected of committing and provide evidence justifying his continued detention.

The group also called for respect for Zongo’s fundamental rights and urged the Army to follow established legal procedures if there were allegations against him.

His release comes after days of pressure from rights advocates and activists over the circumstances surrounding his arrest and detention.

The Nigerian Army’s reasons for detaining Zongo and the circumstances surrounding his release were not immediately available.

 

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