BLAMING OPPOSITION FOR HUNGER IS ‘DELUSION’, ATIKU TELLS TINUBU. (PHOTO).

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Blaming opposition for hunger is ‘delusion’, Atiku tells Tinubu Former Vice President Atiku Abubakar has accused President Bola Tinubu of blaming the opposition for the country’s economic hardship. He said the President was trying to evade responsibility for his administration’s policies. Tinubu had earlier on Saturday blamed his political opponents for hunger and poverty in the country while speaking at the All Progressives Congress presidential campaign flag-off in Kaduna. “I hear my opponent talking about hunger, poverty. Who created it? They did! They created the hunger, they created the poverty. We are trying to eradicate it,” the President said. Atiku, the presidential candidate of the African Democratic Congress, said Nigerians were entitled to demand answers from the APC-led government over rising living costs, poverty, insecurity and questions surrounding public expenditure. In a statement issued on Saturday by the Director of Strategic Communication of the ADC Presidential Ca...
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FG ANNOUNCES TAKE OFF OF $550M UBETA GAS PROJECT. (PHOTO).

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 FG Announces Take Off Of $550m Ubeta Gas Project


The $550 million upstream gas project between the NNPC Ltd. and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday.


Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC.


According to a statement signed by Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye in Abuja on Tuesday, the signing ceremony of the 550 million USD Final Investment Decision (FID) on the Ubeta Field Development Project took place in Abuja in June this year.


The Ubeta field, which was discovered in 1964, is located northwest of Port Harcourt, Rivers State.


US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC.

Speaking at a luncheon organised as part of the inaugural US-Nigeria Strategic Energy Dialogue, Verheijen said the upstream gas project would deliver 350 million standard cubic feet of gas per day when operational.


Verheijen added that major energy reforms introduced by President Bola Ahmed Tinubu since June 2023 focused on improving energy security, attracting investments, and deepening collaboration with key partners, including the US government.


She said the key reforms had improved the viability of the gas-to-power value chain of the country.


The reforms, according to her, included initiatives to improve cash flows in electricity distribution through smart metering and the payment of outstanding debts owed investors and to reduce carbon emissions from gas production.


She added that the President issued five new executive orders to support the reform efforts, aimed at providing fiscal incentives for investment and reducing the cost and time of finalising and implementing contracts to develop and expand gas infrastructure.


The presidential aide said the directives are aimed to immediately unlock up to $2.5 billion in new oil and gas investments in the country.


Responding, the U.S. Assistant Secretary of the State Department’s Bureau of Energy Resources, Geoffrey Pyatt, said the dialogue was apt and strategic.


“The inaugural U.S.-Nigeria Strategic Energy Dialogue has set the stage for strengthened energy collaboration between the United States and Nigeria. Together, we’re advancing shared energy security, decarbonisation, and economic growth goals,” he said.


Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, led the Nigerian delegation to the event. Officials from the Ministry of Power, Nigerian Upstream Petroleum Regulatory Commission, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Nigerian Content Development and Monitoring Board, and NNPC Limited were also in attendance.


The U.S. delegation included representatives from the Bureau of African Affairs, USAID, the U.S. Department of Energy, the U.S. Trade and Development Agency, and the Export-Import Bank.

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