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NUPRC’s Gbenga Komolafe Makes List of Continental Experts to Speak at Pan-African Parliament 2025 Session*

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*NUPRC’s Gbenga Komolafe Makes List of Continental Experts to Speak at Pan-African Parliament 2025 Session*

 

 

Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has been listed among leading continental experts invited to address the Sixth Ordinary Session of the Pan-African Parliament (PAP) in November 2025.

The invitation — extended to Komolafe in his capacity as both NUPRC Chief Executive and interim President of the Africa Forum for Petroleum Regulators and Frameworks (AFRIPERF) — marks a rare recognition of Nigeria’s leadership in upstream oil and gas reforms under the administration of President Bola Ahmed Tinubu.

The Bureau of the Pan-African Parliament, in a letter dated October 17, 2025, invited Komolafe to deliver a paper on ‘Legislative Frameworks for Sustainable Upstream Regulation in Africa’s Oil and Gas Sector’ during the upcoming session.

“This topic explores how robust legislative reforms can advance sustainability in Africa’s upstream oil and gas operations, inviting insights from your leadership at NUPRC and as Acting Chairman of AFRIPERF,” the letter reads.

According to the Bureau, the Parliament looks forward to Komolafe’s reflections on Nigeria’s Petroleum Industry Act (PIA) and how its model of transparency, community inclusion, and investment-friendly regulation can guide continental efforts toward a harmonised energy governance framework.

The invitation noted that insights from Nigeria’s recent petroleum reforms would help PAP develop model laws across member states to improve transparency, environmental standards, and revenue fairness in the extractive sector.

This is the second time in recent years that a Nigerian public official has been invited to address the PAP’s plenary session — a platform traditionally reserved for African thought leaders and reformers whose work has contributed to the continent’s development agenda.

Komolafe’s recognition, observers say, underscores how far-reaching the impact of the PIA and its subsequent implementation has become under Tinubu’s reform-driven administration.

Since assuming office as NUPRC’s Chief Executive, Komolafe has championed a new culture of transparency and performance in Nigeria’s upstream sector. His leadership has been credited with streamlining licensing procedures, enforcing environmental accountability, and restoring investor confidence in the industry.

Under his watch, Nigeria’s crude oil production has recovered to around 1.7 million barrels per day, while gas flaring has been reduced to 7.16 percent — one of the lowest levels in two decades.

The PIA’s fiscal clarity and community development provisions have also improved relations between oil companies and host communities, setting new standards for responsible resource management.

The Bureau of the Pan-African Parliament said Komolafe’s address would form part of the session’s broader agenda to support the African Union’s Agenda 2063 — particularly its goals of inclusive growth, environmental protection, and energy transition across the continent.

Analysts view the invitation as a milestone not just for Komolafe but for Nigeria’s global reputation as a reform-minded energy leader. They argue that the Tinubu administration’s ongoing efforts to institutionalise transparency and accountability in the oil and gas sector have repositioned the country as a credible voice in continental economic governance.

By being selected to address the plenary, Komolafe joins a distinguished circle of Africans whose work in regulatory innovation and sustainable development has shaped continental policymaking.

His participation is expected to strengthen collaboration among African energy regulators and advance the continent’s quest for a just and inclusive energy transition.

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Alpha Morgan Bank Reinforces Commitment to Education at Redeemer’s University Business School Commissioning

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Alpha Morgan Bank Reinforces Commitment to Education at Redeemer’s University Business School Commissioning

Alpha Morgan Bank has reaffirmed its commitment to education and institutional development through its support for the commissioning of the Redeemer’s University Business School.

The Business School was officially inaugurated by Pastor (Mrs.) Folu Adeboye, at the commissioning ceremony attended by distinguished guests including Her Excellency, Mrs. Bola Obasanjo; the Pro-Chancellor and Chairman, Governing Council of Redeemers University, Professor Oluwatoyin Ogundipe; the Vice Chancellor, Professor Shadrach Olufemi Akindele; and other notable dignitaries.

Speaking at the event, the Managing Director of Alpha Morgan Bank reiterated the  Bank’s commitment to supporting institutions that drive intellectual growth and national development.

As part of its broader focus on knowledge sharing and thought leadership, Alpha Morgan Bank will host its Economic Review Webinar in May 2026, bringing together experts to share insights on key economic trends and opportunities.
The Bank’s involvement reflects its continued dedication to empowering institutions and shaping the future of business and leadership in Nigeria.
Read more about Alpha Morgan Bank on www.alphamorganbank.com

 

 

PHOTO

L-R: Prof. Shadrach Olufemi Akindele, Vice Chancellor, Redeemers University, Engr.  Eloka Eje, Dr Perez Araka, Pastor (Mrs) Folu Adeboye, Mother-In-Israel, The Redeemed Christian Church of God, Mr Ade Buraimo, MD/CEO Alpha Morgan Bank, Dr (Mrs) Oluwatomi Somefun, Dr. Simeon Ifere, at the inauguration of the Redeemer’s University Business School, Redemption City, Ogun State on Thursday 2nd April, 2026

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Tinubu Aide Rebuts Rufai Oseni Over ₦3.3tn Power Debt Deal

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Otega Ogra: Online Misinformation Endangers Public Trust and Stability

Tinubu Aide Rebuts Rufai Oseni Over ₦3.3tn Power Debt Deal

The Presidency has strongly refuted allegations of “accounting fiction” and misinformation surrounding Nigeria’s ongoing power sector financial reforms.
O’tega Ogra, Senior Special Assistant to President Bola Ahmed Tinubu on Digital and New Media, took to social media to challenge comments made by Rufai Oseni, accusing the broadcaster of misrepresenting government efforts to resolve legacy debts in the electricity value chain.
At the heart of the dispute is the reconciliation of longstanding debts owed to Generation Companies (GenCos) and gas suppliers—an issue that has long constrained liquidity within Nigeria’s electricity market.
₦1.4 Trillion Reduction Explained
Responding to criticism over debt figures, Ogra clarified that total legacy obligations were reduced from ₦4.7 trillion in initial claims to a verified ₦3.3 trillion, representing a roughly 30% reduction.
“That is not spin. It is the difference between a claim and a verified obligation,” Ogra stated.
“In a regulated electricity market, submitted claims must be validated against contracts, market rules, and settlement records.”
Ogra also outlined tangible progress under the reform program, emphasizing that it has moved beyond “paper restructuring” to actual financial disbursements:
₦1.23 trillion structured under Phase I
₦501 billion already raised for the first series
₦223 billion disbursed to GenCos and gas suppliers
₦197 billion currently being processed
As of March 31, 2026, eight GenCos—covering 17 power plants—have signed settlement agreements totaling ₦2.28 trillion.
According to Ogra, the reform timeline, from President Tinubu’s July 2024 directive for a sector-wide review to Federal Executive Council approval in August 2025, demonstrates a deliberate push for transparency in a sector historically plagued by opacity.
“The real question is whether the final figure reflects verified contractual exposure. That is exactly what the review process was designed to achieve,” he said.
While defending the administration’s approach, Ogra acknowledged that clearing debts alone will not resolve Nigeria’s electricity challenges. He noted complementary reforms underway, including:
Tariff alignment based on service quality
Nationwide metering expansion
Improved payment discipline
Targeted subsidies for vulnerable citizens
In a pointed remark, he urged media commentators to distinguish between incomplete progress and misinformation:
“This is not the end of the problem, but it is a structured attempt to fix it.”
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Aare Adetola Emmanuelking Welcomes President Tinubu to Gateway International Airport Commissioning in Iperu-Remo

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Aare Adetola Emmanuelking Welcomes President Tinubu to Gateway International Airport Commissioning in Iperu-Remo

 

In a momentous occasion that underscores the rapid infrastructural advancement of Ogun State, renowned real estate mogul and philanthropist, Aare Adetola Emmanuelking, warmly received the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, at the official commissioning of the Gateway International Airport, located in Iperu-Remo.

The landmark event, held under the visionary leadership of the Ogun State Governor, Dapo Abiodun, marks a significant stride in the state’s economic transformation agenda, positioning Ogun as a key hub for aviation, commerce, and investment in Nigeria.

Aare Emmanuelking, who is also the Chairman/CEO of Adron Homes and Properties, commended the Ogun State Government for its foresight and commitment to infrastructural excellence. He described the airport project as a “game-changer” that will not only boost connectivity but also stimulate real estate growth, tourism, and industrial expansion across the region.

Speaking during the commissioning, President Tinubu lauded Governor Abiodun’s administration for delivering a world-class facility that aligns with the Federal Government’s Renewed Hope Agenda, emphasizing the importance of strategic infrastructure in driving national development.

The Gateway International Airport is expected to serve as a critical gateway for investors and travelers, further enhancing Ogun State’s reputation as one of Nigeria’s most business-friendly environments.

The presence of top dignitaries, industry leaders, and stakeholders at the event underscores the project’s significance and its anticipated impact on the state’s socio-economic landscape and beyond.

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