NUPRC: Entry Fees for Investors Eyeing Nigeria’s Seven Offshore Assets, 24 Acreages Globally Competitive Dangote targets crude oil from OMLs 71, 72, in Q1 2025 to feed refinery
Ejiofor Alike
The Nigerian Upstream Regulatory Commission (NUPRC) has stated
that the entry fees and bonuses for Nigeria’s seven deep offshore assets and 24 acreages are globally competitive. This is just as the Dangote Group
is targeting to supplement its crude feedstock for its refinery with crude oil from its two Nigerian oil assets – Oil Mining Leases (OMLs) 71 and
72- in the first quarter of 2025, after encountering initial crude oil supply challenges from the International Oil Companies (IOCs).
The NUPRC said the entry fees and bonuses for its seven deep offshore assets and 24 acreages are globally competitive.
Speaking at an investors’ call during the Africa Oil Week Conference in Cape Continued on page 5
NERC: FG Incurred N380bn Electricity Subsidy Bill in Q2 2024, Down By 40%… Page 10 Sunday, October 13, 2024 Vol 29. No 10770
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Shettima: Tinubu’s Administration Will Empower Nigerians with Competitive Skills for Exports Says growing unemployment rate to be reversed
Deji Elumoye in Abuja Vice President Kashim Shettima yesterday declared that President Bola
Tinubu’s administration's goal was to empower Nigerians with globally competitive skills for them to export and be able to compete at the highest
levels internationally. Shettima also pledged that the growing informal sector and low labour force participation occasioned
by the staggering unemployment rate in Nigeria would be reversed. According to him, this was the impression of an unfavourable
society, which the Human Capital Development (HCD) Programme was designed to avert under the present administration of President Tinubu.
Shettima stated these at the launch of the Nasarawa State Human Capital Continued on page 5
PDP Governors Meet over Party Crisis, Mark, Suswam Jostle for Chairmanship
NEC may dissolve NWC, appoint caretaker committee Chuks Okocha in Abuja Following the factionalistion of the Peoples Democratic Party (PDP), the governors elected on the party’s platform will meet tomorrow to consider many options for the resolution of the crisis in the main opposition party, THISDAY has learnt. This is just as the former Senate President, Senator David Mark; former Governor of Benue State, Senator Gabriel Suswam, and the Director General of the PDP Governors’ Forum, Dr. Emmanuel Agbo, have emerged the top contenders in the race for the position of the national chairman of the party. The crisis rocking the PDP took a dangerous twist on Friday when its national leadership broke into two factions with Yayari Ahmed
Mohammed, and the acting National Chairman, IIIiya Umar Damagum, leading each of the two factions. PDP’s factionalisation followed the suspension of its National Legal Adviser, Adeyemi Ajibade, and the National Publicity Secretary, Debo Ologunagba, by a faction of the National Working Committee (NWC) led by the acting national chairman, Damagum, on Friday, after the 593rd meeting of the NWC held on Thursday. Ibrahim Abdullahi and Okechukwu Osuoha were appointed by the faction to replace the duo in acting capacities. But in a counter statement, the National Publicity Secretary, Ologunagba announced the suspension of Damagum and the National Secretary, Samuel Continued on page 5
CDS Decries Excessive Hostilities, Inhuman RENEWED COMMITMENT TO HUMAN CAPITAL DEVT… State Governor, Alhaji Abdullahi Sule (left) and Vice President Kashim Shettima, at the launch of the state Human Capital Treatment of Africans on Continent’s Borders…Page6 Nasarawa Development Strategy Document & Gender Transformative Human Capital Development Policy Framework in Lafia…yesterday