NUPRC Revenue Soars 176.7% to N12.2trn in 2024 Emmanuel Addeh in Abuja
Fresh data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shown that the Gbenga Komolafe-led upstream sector regulator raised its revenue by 176.7 per cent in 2024, as it recorded N12.2 trillion compared
to the previous year. During the year under review, the commission's total revenue was N3.7 trillion, while in 2023 it was N4.3 trillion, but rose significantly to N12.2 trillion in 2024 Besides, personnel cost constituted 33.10 per cent of spending, at N63.2 billion; overhead stood at N85.8
billion or 44.9 per cent, while capital cost was N41.9 billion, at 21.9 per cent. In the same vein, Cost of Revenue Collection (CORC) stood at N271 billion, compared to N114.8 billion in 2023; while Internally Generated Revenue (IGR) was N1.6 trillion. In its 2024 annual report obtained
by THISDAY, the commission stated that a total of 732 environmental incidents were recorded, including blowouts, corrosion, equipment failure, ‘mystery’, natural accidents, operational maintenance errors, sabotage, among others. In terms of gas deployment, an average of 77 per cent of the
total daily Domestic Gas Delivery Obligation (DGDO) was delivered in the year under review, the report stated. According to the data, the challenges militating against DGDO performance included: Inadequate in-country gas infrastructure and interconnectivity; gas transmission
pressure challenges; unreliability of the offtakers in taking allocated nominations; gas inventory challenges; grid power infrastructure constraint; security issues, among others. In the same vein, the commission stated that producers submitted
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Banks Resume Dollar Transactions on Naira Debit Cards Amid Improved FX Liquidity...
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Troops Thwart Terrorists' Attempt to Blow Up Marte-Dikwa Bridge, Kill Terrorist Fighter Linus Aleke in Abuja The Nigerian Army yesterday revealed that troops of Operation
Hadin Kai thwarted an attempt by terrorists to blow up the MarteDikwa bridge in Borno State. The military high command
stated that troops uncovered 60 heavily primed Improvised Explosive Devices (IEDs) plotted at the foot of the bridge to blow
it up and kill innocent road users. A statement by Acting Deputy Director of Army Public Relations, Headquarters Theatre Command,
Operation Hadin Kai, Captain Reuben Kovangiya, said the troops also killed a terrorist and recovered assorted weapons during
coordinated offensive operations. The offensive operations, he Continued on page 5
Coalition to Unseat Tinubu in 2027 Doomed to Fail, Wike, Sanwo-Olu Declare FCT minister tackles Amaechi, urges president to release forensic report on NDDC Lagos governor condemns political distractions Governors’ defections won’t save Tinubu, APC from defeat, says Dalung Baba-Ahmed: Struggle for presidential ticket biggest test for ADC Babangida Aliyu, Niger PDP deny joining coalition
Chuks Okocha, Olawale Ajimotokan in Abuja, Laleye Dipo in Minna and Olawale Ajimotokan in Abuja The FCT Minister, Nyesom Wike and Governor Babajide Sanwo-Olu of Lagos have dismissed the new coalition aimed at unseating President Bola Tinubu in 2027, describing it as a futile and ill-conceived venture. While Wike said the coalition forces are not a threat to Tinubu’s reelection bid in 2027, Sanwo-Olu emphatically said the bid to wrest power from the president in 2027 would fail. However, a former Minister of Youth and Sports Development, Solomon Dalung, yesterday declared that regardless of the defections by some State Governors to the APC, Tinubu and his party would be defeated in the 2027 elections. Speaking on national television, Dalung dismissed the potential impact of defections or Continued on page 5
GIVING FCT INFRASTRUCTURE FACELIFT... L-R: Minister of State FCT, Dr Mariya Mahmoud; Deputy Chief of Staff to the President, Senator Ibrahim Hassan Hadeji; FCT Minister, Nyesom Wike; and Vice President Kashim Shettima, during the inauguration of the Aguma Palace – Radio Nigeria – New Market Road, Gwagwalada Area Council, FCT…yesterday
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