society
Applauding Tinubu’s Upstream Prosperity Through Strategic PIA Implementation
Applauding Tinubu’s Upstream Prosperity Through Strategic PIA Implementation
By Aminu Adamu Aminu
The restoration of hope for Nigerians and the effectiveness of the Petroleum Industry Act (PIA) in delivering tangible, evidence-based, and progressive reforms are no longer matters of doubt or mere sloganeering among Nigerians and residents. These are not empty campaign promises but the reality of a new political order—a game-changer reshaping narratives, particularly in the petroleum sector, where the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is championing transformative reforms.
What began two years ago, upon President Bola Ahmed Tinubu’s assumption of office, as an ambitious plan has evolved into a practical force, changing lives and transforming the nation with numerous tangible benefits.
President Tinubu’s administration has made significant strides in restoring hope to Nigeria’s oil and gas sector, fast-tracking the implementation of the PIA, and yielding measurable, positive results.
At the core of NUPRC’s reforms is an unwavering commitment to transparency, which has strengthened the PIA’s legal framework, leading to remarkable improvements in reporting obligations and host community provisions. These reforms, driven by strategic regulatory leadership and robust presidential backing, have significantly boosted oil production, steadily increasing Nigeria’s crude oil output to an all-time high exceeding 1.7 million barrels per day.
This achievement has restored investor confidence, attracting international oil companies (IOCs) back to Nigeria and encouraging direct foreign investment with renewed optimism. Through deliberate and proactive efforts, the NUPRC has fostered an environment of fruitful engagement and collaboration rooted in shared values.
This has enhanced the enforcement of improved metering systems, a decisive clampdown on oil theft, and the promotion of decarbonization. These initiatives reflect a forward-thinking agenda aligned with global standards and best practices, fostering international trade and reinforcing Nigeria’s energy independence.
The multifaceted positive impacts on Nigeria’s economy have stimulated growth, stabilized the exchange rate, and bolstered investor confidence, attracting foreign investment pledges totaling approximately $50.8 billion. An improved balance of trade has resulted in a trade surplus of about N3.42 trillion in the fourth quarter of 2024, alongside consistent GDP growth. This has led to increased revenue allocations to subnational governments and local government councils, enabling them to clear salary arrears and debts, improve citizen welfare, and invest in social services and infrastructure. These developments have further boosted economic growth and consolidated the administration’s gains.
The Renewed Hope agenda also seeks to resolve lingering industrial disputes, creating a more stable and attractive investment environment. This facilitates an energy transition aimed at ensuring the long-term sustainability of Nigeria’s oil and gas sector.
The notable increase in transparency, accountability, and efficiency within the industry has improved regulatory oversight and community engagement, fostering a more favorable and robust business environment. This is evident in the substantial investment pledges, including the aforementioned $50.8 billion in foreign investment commitments.
Beyond stabilizing the exchange rate, reducing inflation, and increasing government revenue, Nigeria’s Eurobond issuance in late 2024 attracted over $9 billion in orders—four times the subscription level—demonstrating strong investor confidence in the nation’s economy.
This success reflects a consistent commitment to policy continuity, inclusivity, stakeholder engagement, and a strong emphasis on maintaining transparency and accountability in the PIA’s implementation.
Given the critical role of these reforms in shaping Nigeria’s trajectory, concerted efforts have ensured a profound impact. The reforms have moved the country far from its pariah days, establishing transparent licensing rounds. Recent bid rounds and concession awards, such as the 57 Petroleum Prospecting License (PPL) awards in 2022, the 2022 Mini-Bid Round, and the 2024 Licensing Round, were executed with unprecedented transparency and competitiveness, drawing exceptional investor participation.
The pragmatic implementation of the PIA has also led to a strategic 28 Field Development Plans Initiative, securing $18.2 billion in investment commitments. This initiative is expected to unlock 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas. Additionally, rig counts have risen significantly, from 8 in 2021 to 43 as of September 2025, signaling a substantial increase in exploration and production activities.
In the words of Engr. Gbenga Komolafe, Chief Executive of NUPRC, “With the Petroleum Industry Act as our foundation, reinforced by bold Presidential Executive Orders and transformative regulatory initiatives, we are not just opening our doors to investment; we are building a world-class upstream oil and gas environment that rewards ambition, innovation, and responsibility.”
Given this resolute determination, as demonstrated by the effective implementation of the PIA through the NUPRC, President Bola Ahmed Tinubu is undeniably steering Nigeria’s upstream petroleum sector in the right direction.
Aminu writes from Kaduna
NAWOJ: SEKINAT, CHARITY GETS VOTE OF CONFIDENCE
The Nigeria Association of Women Journalists,(NAWOJ), Ogun State Chapter Executives has unanimously passed a vote of confidence on Chairman NAWOJ SEKINAT Salam and the Financial Secretary, Charity James, saying that, their leadership reflect the ideal and objectives of NAWOJ.
This was revealed in a communique issued at an Emergency meeting of the Executive held at the NUJ State Council, Iwe-Iroyin in Abeokuta.
The vote of confidence on the Leadership of NAWOJ was unanimously signed by all the five executive members that attended the meeting with the vice chairperson taking apology for official engagement outside the state capital.
According to the communique ” Consequently, NAWOJ Ogun State Chapter, reaffirms it’s unwavering support and confidence in the Chairperson and the Financial Secretary, Sekinat Salam and Charity James respectively, Urge them to continue in their commitment to purposeful leadership in the best interest of the association and the society at large”.
Speaking briefly with Journalists after the emergency Executive meeting, the Chairperson, Nigeria Association of Woman Journalists (NAWOJ), Com. Sekinat Salam, said the meeting was necessary as the news of her suspension was laughable and insulting because it is like a pot calling a kettle black in this case, saying that the Leadership of the State Council, Com. Wale Olanrewaju has no local standing to suspend her or any executive member, even he cannot be a judge in his own case.
According to her” The Leadership of the Nigeria Union of Journalists, Ogun State led by Wale Olanrewaju has always been misusing power without recourse to the constitution of this noble Union, hence has no local standing to suspend me or any executive member “.
She said only the Central Working Committee (CWC) has the constitutional rights to sanction or suspend any members found wanting after due process has been followed.
While calling on members to stay calm, Com. Sekinat Salam assured members of positive representation of NAWOJ at both the State and National level, adding the success recorded under her administration cannot be overemphasized.
She therefore called on the National leadership of NUJ to critically look into the matter, either by setting up independent committee to investigate the issues and resolve the matter as quickly as possible.
Adron Homes Chairman Congratulates Oyo State on 50 Years of Progress
The Chairman and Chief Executive Officer of Adron Homes and Properties Limited, Aare Adetola Emmanuelking, has congratulated the Government and people of Oyo State as the state marks its 50th anniversary, describing the occasion as a celebration of resilience, cultural pride, and sustained progress.
He noted that since its creation, Oyo State has remained a strong contributor to Nigeria’s socio-economic and cultural development, emerging as a hub of commerce, education, and innovation.
According to him, the Golden Jubilee offers a moment for reflection and renewed commitment by government, private sector players, traditional institutions, and citizens toward building a more inclusive and prosperous state.
Aare Emmanuelking commended the state’s ongoing transformation through investments in infrastructure, economic expansion, and human capital development, adding that sustainable growth is deliberate and must remain purpose-driven.
He also praised the leadership of the current administration while acknowledging the contributions of past leaders whose efforts laid the foundation for today’s Oyo State.
Reaffirming Adron Homes’ commitment to national development, he described Oyo State as a land of opportunity. He wished the state continued peace and prosperity, expressing confidence that the next fifty years will bring even greater achievements for the Pace Setter State and its people.
TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK
In a profound expression of sorrow, the TY Buratai Humanity Care Foundation has extended its heartfelt condolences to the families of the victims and the entire people of Biu Emirate, Borno State, following the recent tragic attack attributed to Boko Haram. This devastating assault, which occurred at a work site in northeastern Nigeria, claimed the lives of dozens, including brave soldiers committed to protecting the nation.
In a statement released to the press and signed by the Chairman of the foundation, Ibrahim Dahiru Danfulani Sadaukin Garkuwan Keffi/Betara Biu, the Grand Patron of the Foundation, His Excellency Amb. Lt. Gen. Tukur Yusufu Buratai CFR (Rtd), former Chief of Army Staff, described the incident as “one too many senseless, barbaric, and ruthless displays of inhumanity.” His Excellency emphasized the heartbreaking impact of such attacks on innocent, hardworking citizens striving to make a positive difference in their communities.
The Grand Patron praised the swift and decisive response of military personnel during this critical time, underscoring their brave commitment to safeguarding the nation. He called upon them to maintain this momentum, commending their courage and sacrifice in the face of adversity. “May Almighty Allah forgive their souls and grant them Aljannah Firdouse,” he remarked, encouraging the nation to honor their spirit of sacrifice as they rally together to rebuild and restore hope across the region.
In his statement, Gen. Buratai highlighted the importance of collective action in overcoming the challenges posed by insecurity, urging concerned citizens to increase their efforts in fostering a virile community that future generations can cherish. “Together, we can surmount these troubles,” he asserted, calling on all patriotic leaders and citizens to unite in the fight against violence and insecurity.
The TY Buratai Humanity Care Foundation remains committed to supporting initiatives that promote peace, security, unity, and prosperity. As the foundation extends its condolences to the bereaved, it also calls upon all segments of society to collaborate in creating a better and safer future. May Allah guide and protect the nation and lead it toward enduring peace. Amen.
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