NEWS
Nigeria’s 50-year Wait Ends, As Tinubu Unveils $400m Otakikpo Oil Terminal
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.
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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.
NEWS
Dangote Hosts Kenya’s President Ruto At Refinery
Kenyan President William Ruto on Friday toured the Dangote Petroleum Refinery and Petrochemicals Complex in Lekki, Lagos, where he was hosted by Dangote Group President and Chief Executive Officer, Aliko Dangote.
The visit comes ahead of the planned September 30 groundbreaking of a proposed 700,000-barrel-per-day refinery in Lamu, Kenya, being developed with Dangote.
ALSO READ: Dangote to Support Two Million Women with Refinery IPO Share Ownership
The Dangote Group had earlier confirmed that Dangote would host Ruto during his visit to the Lagos refinery.
The planned Kenyan refinery is expected to expand refining capacity in East Africa and strengthen petroleum supply in the region.
Ruto had earlier said discussions with Dangote and Africa Finance Corporation CEO Samaila Zubairu focused on financing and final preparations for the project.
Dangote is targeting a combined refining capacity of 2.1 million barrels per day through the planned expansion of the Lekki refinery and the proposed Kenyan facility.
NEWS
‘Obi Knows He Is Lying’ — Soludo Camp Releases Documents on ₦363m Workers’ Arrears Payment
The Anambra State Government has released documents showing the payment of ₦363.381 million as the second tranche of salary arrears owed to former staff, pensioners and next-of-kin of workers of the defunct Anambra State Water Corporation (ANSWC) and Anambra State Environmental Protection Agency (ANSEPA).
The development has intensified the ongoing dispute between Governor Charles Soludo’s administration and former Governor Peter Obi over outstanding workers’ entitlements and the financial obligations allegedly inherited by successive administrations in the state.
Presenting the documents as “Part 3: Evidence that lying is in Peter Obi’s DNA,” the Soludo camp accused the former governor of misleading Nigerians over his record on workers’ entitlements.
ALSO READ: I Won’t Seek Governorship Again, Even If Constitution Is Amended -Peter Obi
“Peter Obi knows we know he’s lying,” the statement said, alleging that the arrears were among workers’ entitlements left unpaid during Obi’s eight years as governor.
According to the documents, the ₦363.381 million payment represents the second tranche provided for under an out-of-court settlement reached between the Anambra State Government and representatives of the affected workers on February 6, 2024.
A memo dated May 22, 2025, and signed by the then Head of Service, Dame Theodora Okwy Igwegbe, mni, requested the release of the second tranche, citing Article 7 of the Terms of Settlement.
The memo stated that ₦363.381 million was due for payment in 2025 under the agreement.
A subsequent Ministry of Finance document dated June 24, 2025, confirmed the release of the funds through Capital Expenditure Release Warrant (CERW) No. 67/2025.
The Soludo administration had earlier paid the first tranche under the settlement, with the government saying the payments were aimed at resolving long-standing salary claims involving workers of the two defunct agencies.
Dispute Over When the Arrears Originated
The latest documents have become central to the political disagreement over whether the outstanding entitlements can properly be attributed to Obi’s administration.
The Soludo camp argues that the continued settlement payments demonstrate that unresolved workers’ liabilities remained after Obi left office in 2014.
Obi’s camp, however, has disputed the characterization. His supporters maintain that his administration inherited substantial salary, pension and gratuity arrears from earlier administrations and cleared billions of naira in outstanding obligations during his tenure.
They have also argued that some of the liabilities involving workers of the defunct agencies originated before Obi became governor in 2006.
The settlement documents establish that the Anambra Government entered into an agreement in 2024 to resolve the outstanding claims and that a second payment of ₦363.381 million was subsequently released.
However, the documents themselves do not conclusively establish that all the underlying arrears were incurred during Obi’s tenure.
NEWS
Ogun Deep Seaport: Abiodun Thanks Tinubu, Says 30-Year Dream Becoming Reality
Ogun State Governor, Dapo Abiodun, has expressed appreciation to President Bola Ahmed Tinubu for his support towards the realisation of the Gateway Deep Seaport and Blue Marine Special Economic Zone in the state.
Abiodun described the deep seaport project as a long-standing vision that had been proposed and documented for nearly 30 years but remained unrealised until the intervention of the Tinubu administration.
ALSO READ: FG Preaches Support for Dangote Industrial City, Deep Seaport in Ogun, Ondo States
The governor, in a statement on Friday, acknowledged Tinubu as the “Facilitator-in-Chief” of the transformational project, crediting the President’s leadership and provision of strategic direction for helping to revive the initiative.
According to Abiodun, the vision of establishing a deep seaport along Ogun State’s coastline had been discussed and captured in official documents for decades, but had remained on the drawing board.
“Today, through the foresight, courage and determined leadership of President Tinubu, that long-standing aspiration is finally being transformed into reality,” the governor said.
Abiodun said the Gateway Deep Seaport and the Blue Marine Special Economic Zone would open a new chapter for Ogun State while strengthening Nigeria’s position in global trade, maritime commerce, industrialisation and economic development.
He added that major national projects require political will and leadership capable of turning long-standing plans into tangible development.
The governor also commended the Federal Government for what he described as its unwavering support and commitment towards making the project a reality.
“Posterity will indeed be kind to you, Mr. President,” Abiodun said.
The Gateway Deep Seaport project is expected to form part of Ogun State’s broader strategy to expand maritime infrastructure, attract investment and strengthen industrial and commercial activities along its coastline.






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