Energy
REA to Focus on 1,994 Abandoned Projects
By Edozie Obasi-Eze
Some of the 1,994 abandoned rural electrification projects across Nigeria would be completed within the next year.
This was disclosed in Lagos during the weekend by the Managing Director/Chief Executive Officer, Rural Electrification Agency (REA), Ahmad Salihijo Ahmad.
The CEO who had an interactive session with journalists expressed regrets that paucity of funds and vandalism of power assets, have left the agency in position where it had become impossible for it to complete all the 1,994 abandoned projects nationwide.
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The CEO expressed concern over the volume of abandoned rural electrification projects, some of which predate the establishment of the Agency and noted that there were also new projects competing for the Agency’s attention.
He said, “When I assumed office, I had to call for the files of these abandoned projects and thereafter appointed officers to visit the various sites of these projects.
“Upon submission of the various site reports, it was clear that we couldn’t go on with some of the projects because some of the project sites had been vandalised and equipment carted away while we could not get budgetary allocation to continue with others.”
Ahmad pointed out that the Agency managed to execute some of the projects within the budgetary allocations to it but going forward it would have to prioritise some.
“If we decide to complete all the 1,994 projects, we may end up struggling with it for the next two years due to paucity of funds while other new projects that need urgent attention may suffer for it due to paucity of funds. So what we have decided to do is to strike a balance.
“Many projects that cannot be completed but rather we would be more strategic in selecting fewer projects that will impact more on the people that it intends to serve by completing them,” he added.
The REA is an agency of the Federal Government set up for the provision of reliable electric power supply to rural dwellers irrespective of where they live and what they do, in a way that would allow a reasonable return on investment through appropriate tariff considered economically responsive and supportive of the average rural customer.
Ahmad explained that the abandoned projects were legacy projects transferred to the REA when it was carved out from the Ministry of Power, some of which date back to 2013.
Recall that the REA was a department in the Ministry of Power.
Energy
IEA Puts UAE’s Oil Output at 5.3mbpd for September
Oil output from the United Arab Emirates (UAE) rose to record levels in September, underscoring its resilience even amidst the Middle East crises and liberation from OPEC+ limits.
The International Energy Agency (IEA) issued the data in its monthly report, adding that Abu Dhabi raised total oil production, including condensates, by 400,000 bpd to 5.3 MMbpd.
According to the IEA, the UAE bolstered crude output to more than 4.4 MMbpd, nearing its maximum capacity, which surpasses the previous highs for total oil in August, and crude oil in June.
READ ALSO: Africa’s Energy Security Conversations Pull Industry Executives Together
The UAE has been one of the most successful among regional producers in restoring flows through the Strait of Hormuz, by drawing on a fleet of tankers to discreetly shuttle cargoes through the chokepoint and then transfer them onto other vessels. In addition, the country’s decision to leave the Organization of the Petroleum Exporting Countries (OPEC) as of May has freed it from the group’s output caps, a source of frustration for years.
Its gains contributed to a wider recovery in flows from Gulf producers, which reached more than 75% of pre-war levels in September, led by Saudi Arabia, according to the Paris-based IEA.
Still, it’s unclear how far the regional rebound has withstood a new wave of Iranian attacks on tankers transiting Hormuz, and escalating hostilities carried out by the Houthi rebel faction in Yemen.
The UAE depleted its observable above-ground inventories at a record pace of more than 270,000 bpd in September, drawing them to an all-time low, according to the IEA.
Energy
Africa’s Energy Security Conversations Pull Industry Executives Together
Africa’s gas potential and strengthening the continent’s energy security would take centre stage at the Africa Interviews Sustainability Forum (AISF 2026) scheduled for Wednesday, October 21, in Lagos.
Biztellers reports that top officials of Oando Plc and Renaissance Africa Energy Company Limited, Ayotola Jagun and Tony Attah, respectively, will be leading other industry leaders in the discussion.
Jagun, Oando’s Executive Director, Chief Corporate Services and Sustainability Officer, and Attah, Managing Director and Chief Executive Officer of Renaissance Africa Energy Company Limited, will participate in a panel discussion alongside Lamé Verre of Lean In Equity & Sustainability (LiNES) and Dapo Filani, Managing Director and Chief Executive Officer of Waltersmith.
The panel will examine Africa’s energy security and the role of natural gas in the continent’s energy transition.
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The forum, launched in 2024, is holding its third edition under the theme, “Energy Security and Africa’s Energy Transition: Defining the Role of Gas.”
This year’s gathering will explore how African countries can strengthen energy security, attract investment in gas development and balance growing energy demand with sustainability objectives.
Verre, a London-based energy and sustainability executive, is Co-founder and Chair of the Advisory Board of LiNES. She will bring her international experience in sustainability, decarbonisation and low-carbon development to the discussion. Her work spans low-carbon initiatives across sectors, including marine, the built environment, forestry, land and agriculture.
Jagun brings extensive experience in corporate governance, regulatory compliance, enterprise risk management and sustainability. Her contribution will provide a corporate sustainability and governance perspective on the relationship between energy development, environmental responsibility and Africa’s transition priorities.
Attah, a former Managing Director and Chief Executive Officer of Nigeria LNG Limited, has extensive experience in the oil and gas industry, particularly in natural gas development and major energy operations.
Filani leads Waltersmith, an indigenous Nigerian energy company with interests across the oil and gas value chain. His participation will highlight the role of indigenous energy companies in strengthening domestic energy capacity and supporting economic development.
The panel will consider what is required to unlock greater investment in Africa’s gas sector, how natural gas can support industrial growth while advancing sustainability, and what practical measures could help translate the continent’s energy ambitions into tangible outcomes.
Beyond the panel discussion, AISF 2026 will provide opportunities for engagement among senior energy executives, policymakers, investors and business leaders.
Energy
Middle East Push, G7’s Strategic Reserve Release Arrest Oil Prices
Oil prices on Monday went south, after crude exports from the Middle East rose above pre-war levels, while the Group of Seven nations pledged to release 100 million barrels of crude and diesel from emergency reserves.
Brent crude futures fell by $1.20, or 1.17 percent, to $101.05 a barrel, while West Texas Intermediate crude declined by $1.16, or 1.27 percent, to $89.95 per barrel, according to Reuters.
Middle Eastern crude exports exceeded pre-war levels on four of the seven days in the final week of September, shipping data showed, despite attacks on vessels passing through the strategic Strait of Hormuz.
The increase in exports, combined with the G7’s planned release of emergency stocks, helped put downward pressure on crude prices.
The G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency reserves and pledged to refrain from energy export restrictions following pressure from United States President Donald Trump.
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However, the scale of the additional supply remained uncertain.
IEA Executive Director, Fatih Birol, said last week that member countries had already released about two-thirds of the 400-million-barrel volume.
Meanwhile, supply concerns remained elevated as fighting continued across parts of the Middle East.
Saudi Aramco Chief Executive Officer, Amin Nasser, also warned that crude oil and refined fuel supplies were expected to remain stretched.
He said rebuilding global stockpiles after emergency withdrawals could take two years.
The United States Strategic Petroleum Reserve fell to 283 million barrels last week, its lowest level since October 1982, according to data from the US Department of Energy.
The supply outlook was further complicated by the continuing conflict involving Saudi Arabia and Iran-backed Houthi forces in Yemen.
Yemeni government forces attacked Houthi positions in the Dhubab district overlooking the Bab el-Mandeb Strait on Monday, according to two military sources.
The development came a day after the internationally recognised government launched a campaign to retake Houthi-held territory.
Meanwhile, OPEC+ postponed a review that would determine its 2027 oil output quotas after the war involving Iran disrupted projects aimed at expanding production capacity across the Middle East.






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