NUPRC Leads Push for Unified Oil Regulations in Africa

•Nigeria, 7 others sign AFRIPERF charter

Emmanuel Addeh in Abuja

Nigeria and seven other African countries yesterday signed a charter to birth the African Petroleum Regulators Forum (AFRIPERF), a demonstration of the country’s leadership in Africa’s oil and gas sector.

The charter seeks to enhance cooperation and collaboration among African petroleum regulators, to ensure a safe, efficient, rewarding, equitable, and sustainable petroleum industry.

The forum is also designed with the vision to be the premier platform for African petroleum regulators to share knowledge, best practices, and expertise, in order to attain regional excellence in petroleum regulation.

The landmark signing ceremony, chaired by the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, took place on the sidelines of the 31st edition of the Africa Oil Week (AOW) in Accra, Ghana.

The event was attended by regulators from 16 African countries including Nigeria, Ghana, Somalia, Gambia, Madagascar, Sudan, Guinea and Togo. Others in attendance were: Kenya, Mauritania, Benin, Mozambique, Angola, Namibia, South Africa, Morocco.

The Chairman of Nigeria’s Senate Committee on Upstream, Senator Etang Williams, was also present as an observer, a statement by the Head, Media and Strategic Communications of the NUPRC, Eniola Akinkuotu, stated.

At the ceremony, regulators from eight African countries formally endorsed the AFRIPERF Charter, while seven others present expressed support with a pledge to join at a future date after consultations, the state statement said.

Those who signed the charter included: Nigeria, Ghana, Somalia, Gambia, Madagascar, Sudan, Guinea and Togo.

Based on Chapter II, Article 3, the purpose of the forum is to “Foster collaboration, cooperation and coordination among member regulators; promote harmonisation of petroleum regulations and standards to enhance effective sector governance, uphold safety protocols and safeguard environmental protection.”

It also seeks to enhance regulatory capacity and capability through training, capacity building and experience sharing; and facilitate dialogue with industry stakeholders and international organisations as well as address regional petroleum regulatory challenges and leverage opportunities.

The historic milestone was the climax of the proposal first introduced by Komolafe last year when he championed the creation of AFRIPERF to strengthen petroleum governance across Africa. The forum held its inaugural meeting in July 2024, followed by a second gathering in November 2024, setting the stage for yesterday’s breakthrough.

Speaking at the signing ceremony, Komolafe who doubles as the interim chairman of the forum, described the 4th AFRIPERF meeting and charter signing ceremony as a decisive step towards building a harmonised and sustainable petroleum industry in Africa.

The commission’s chief executive said that as the world navigates complex transitions toward cleaner, more sustainable energy systems, Africa must ensure that its vast hydrocarbon resources are managed with innovation, responsibility and foresight.

He said: “From our initial announcement at the 8th SAIPEC, to our inauguration during the NOG 2024 event and the careful drafting of the AFRIPERF Charter, each milestone has brought us closer to this historic day.

“By activating our Executive Committee, Technical Committee and Secretariat, we are establishing the functional pillars that will drive AFRIPERF forward, ensuring that our shared vision is translated into measurable results with defined timelines and accountability.”

The executive committee will serve as the principal oversight body guiding the implementation of AFRIPERF’s objectives, while its membership is for heads of Africa’s oil and gas regulatory bodies/agencies.

The technical committee will be activated as needed based on thematic or sectoral priorities arising from the executive committee or broader membership while its membership will be drawn from subject matter experts from member countries and partners to handle matters regarding specific regulatory areas and industry issues.

The secretariat committee will comprise member countries and nominations will be called for and presented to the executive committee for ratification, the statement added.

 “AFRIPERF provides regulators with the mechanism to harmonise our policies, address shared challenges and ensure that our perspectives are not only heard but respected on the global stage,” the interim chairman added.

Komolafe commended the regulators and stakeholders for their technical contributions to the evolution of AFRIPERF and suggested a strong partnership with AOW by aligning the AFRIPERF Annual General Meeting (AGM) with the dates and venue of the event.

Following the signing, AFRIPERF will call for the nominations for election of the chairperson of AFRIPERF in accordance with Article 12 and also call for nominations of a representative from each member regulator.

The post NUPRC Leads Push for Unified Oil Regulations in Africa appeared first on THISDAYLIVE.

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    Zenith Bank Plc has released its Group financial results for the half year ending June 2025, posting an impressive profit before tax of N625.629 billion. Following this robust performance, the Board has approved an interim dividend of N1.25 per share, a 25% increase over the N1.00 paid in the first half of 2024, maintaining the Bank’s position as a leading dividend-paying Bank and reinforcing its longstanding commitment to rewarding its esteemed shareholders.

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    Kayode Tokede Zenith Bank Plc has released its Group financial results for the half year ending June 2025, posting an impressive profit before tax of N625.629 billion. Following this robust
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    NEC Moves to Boost Food Security Nationwide, Endorses NASENI’s Solar Irrigation Pumps

    NEC Moves to Boost Food Security Nationwide, Endorses NASENI’s Solar Irrigation Pumps

    •Seeks President’s approval for mass production 

    •Shettima says it’s a proof that Nigerian ingenuity can compete globally 

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    Deji Elumoye in Abuja

    In a move to boost food security in Nigeria, National Economic Council (NEC) has endorsed solar-powered irrigation pumps produced by National Agency for Science and Engineering Infrastructure (NASENI) for national rollout ahead of the 2025 dry season farming.

    The NASENI solar irrigation pump, produced to replace the petrol-powered pump, is aimed at reinforcing the country’s food security strategy, as it was expected to increase agricultural productivity, lower operational cost, yield higher incomes, and improve livelihoods.

    Rising from its 152nd monthly meeting held at Council Chambers, State House, Abuja, and chaired by Vice President Kashim Shettima on Thursday, NEC endorsed the use of the solar irrigation pump and resolved to formally notify President Bola Tinubu for his approval.

    In anticipation of the president’s approval and the need to provide funding for NASENI, the council also mandated Minister of Budget and Economic Planning, Senator Abubakar Bagudu, to work out modalities of funding to enable NASENI to mass produce the solar irrigation pumps and distribute in time for the 2025 dry season.

    Shettima had earlier, in his speech, said the scaled-up solar irrigation pumps was an indication that Nigerians could compete at the global level with their creativity.

    He said, “We must also face the challenge of innovation in agriculture. NASENI’s scaled-up solar irrigation pumps are ready for national rollout ahead of the 2025 dry season. These pumps replace expensive petrol-powered systems, lower farmers’ costs, expand dry-season cultivation, and even provide backup power for households.

    “Their advanced features, including GPS tracking, mobile app dashboards, usage monitoring, and pay-as-you-go integration, prove that Nigerian ingenuity can compete with the world.”

    According to the vice president, the innovation by NASENI “will not only boost food security but also unlock carbon credit opportunities” for farmers across the country.

    Shettima hinted at other efforts by the Tinubu administration to ensure food security, saying recently, “250,000 farmers have been insured across eight states, the 30 per cent Value Addition Bill is advancing, and the N250 billion Bank of Agriculture facility is being activated to reach smallholders.”

    Based on updates from the Presidential Food Systems Coordinating Unit, the vice president said, “The Green Imperative Project with Brazil is being repositioned for financing, while the World Bank-backed AGROW programme is mapping priority value chains for roll-out.

    “The Harvesting Hope Caravan has reached half a million citizens in eight states, building trust and grassroots mobilisation. These are lifelines to farmers and proof that NEC’s decisions resonate beyond these chambers.”

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    Nigerian Economic Summit Group (NESG) also made a presentation to NEC on “The 31st Nigerian Economic Summit – The Reform Imperative: Building a Prosperous and Inclusive Nigeria by 2030.”

    The presentation was to brief the council on the global trends and risks regarding Uneven Global Growth, Divergent Inflation and Policy,

    Geopolitical Tensions Rising, and Climate and Tech Shifts.

    According to the report, key challenges for reform in Nigeria include: structural bottlenecks: energy and transport deficiencies that inflate production costs, foreign exchange liquidity crisis, and over-reliance on oil weakened fiscal sustainability; political economy risks: political instability, frequent policy reversals, and corruption, which hinder long-term reform, upcoming 2027 election that may delay necessary actions; global systemic pressure: climate change, trade tensions, and capital flight that strain the economy, weak industrial base, which face competitive pressures from African Continental Free Trade Area (AfCFTA).

    NEC thereafter resolved to actively participate in the forthcoming NESG Summit, with a view to synergise ideas and mobilise support for Tinubu’s Renewed Hope Agenda.

    NEC was also briefed on the anticipatory action framework for riverine flooding in Nigeria by National Security Adviser (NSA), Mallam Nuhu Ribadu, who spoke about the purpose of Nigeria’s Anticipatory Action Framework, which outlined a proactive strategy to reduce the humanitarian and economic impacts of riverine flooding through early warning, targeted preparedness, and coordinated response.

    The objectives of the anticipatory action framework, as explained by Governor Babagana Zulum of Borno State, while briefing newsmen after the NEC meeting, included protecting vulnerable households, especially in 13 high-risk states, enabling timely and dignified interventions before flooding peaks, institutionalising anticipatory action across Ministries, Departments and Agencies (MDAs), and focusing on equity, ensuring no community was left behind.

    Zulum listed items under the anticipatory action plan to include: prioritising the use of Multipurpose Cash Assistance, with N24 billion earmarked for this purpose; where necessary, support will also include evacuation sites and essential common services, such as early warning systems, child protection, and Gender-Based Violence prevention; early warning, with National Emergency Management Agency (NEMA) and National Orientation Agency (NOA) leading coordinated messaging to at-risk communities.

    Council was also called to note that: 16 states had fully established Local Emergency Management Committees (LEMC), while 14 states had none, four had partial setups, and three relied solely on desk officers.

    The council resolved that all high-risk states were to establish functional LEMC and provide targeted training for community leaders to enhance preparedness and response at the grassroots level; ensure real-time tracking, post-event reviews, and structured learning to improve accountability and effectiveness; and monitore the quality of early actions, conducting lessons-learned workshops, and refining protocols based on evidence.

    On recommendations, Zulum disclosed that state governors were expected to step down risk communication to vulnerable communities via state channels, such as state broadcast, radio, town halls; strengthen SEMAs with funding, equipment, and training to lead effective responses, while all stakeholders should empower LEMCs to enhance community safety and resilience.

    The council commended the Office of the National Security Adviser (ONSA) for the work done as reflected in the presentation, describing the framework as comprehensive and visionary and also directed the ONSA to widen the scope of the framework to include more states and submit a final document for ratification at the next meeting of NEC.

    Governor of Jigawa State, Umar Namadi, also presented to NEC a report on monthly cost of production survey and impact of energy cost on food production.

    The purpose was to share important information regarding the constraints affecting agricultural production and potential they had in exacerbating the fragile food security situation the federal government had tried to resolve for over two years. 

    Namadi told newsmen after the NEC meeting that council was called to note that the information provided was presented last week at the Presidential Food System Coordinating Unit Steering Committee Meeting.

    In the presentation, the governor recommended that government should give equal emphasis to optimising fertiliser cost, perhaps, through the prioritisation of the mandate given to the PFSCU to liberalise the fertiliser regime.

    The governor, in the memo, asked government to make available smaller handheld implements for small scale and subsistent farmers, who were invariably too low in the ladder to immediately benefit from the tractor programme.

    The memo also called on the chairman of NEC, the vice president, to remind the president of his directive during the special NEC meeting held in June 2024, where he ordered NASENI to ramp up production, and also seek his approval to fund the production of between 50,000 to 100,000 pumps for distribution to the states on needs basis.

    The council thereafter resolved to frontally tackle the challenges of high energy cost and fertiliser prices in the country and directed Minister of State for Petroleum (Gas) to interface with stakeholders with a view to addressing the high cost and availability of gas domestically and report back at the next meeting of the council.

    Nonetheless, NEC at its Thursday meeting, failed to initiate discussions on the pending issue of state police to curb insecurity across the country.

    Tinubu had reiterated his backing for the establishment of state police, which elicited positive reactions from different segments of the society.

    No fewer than 34 state governors had also backed the clamour to establish state police. Sources told THISDAY that the unresolved issue of state police was scheduled for discussion at the last NEC meeting in August, but had to be stepped down.

    It was expected to be deliberated upon at the 152nd NEC meeting on Thursday, but a source at the meeting said it was not even listed on the agenda.

    Tinubu had also recently said the creation of a decentralised police force in Nigeria was now “inevitable,” as the federal government intensified efforts to combat worsening insecurity.

    Speaking earlier this month at State House, Abuja, while receiving a delegation of prominent citizens from Katsina State, led by Governor Dikko Radda, Tinubu directed security agencies to review their operations in the state following a surge in banditry.

    The president had at the meeting announced plans to deploy advanced military hardware, surveillance drones, and additional forest guards to strengthen security.

    He said, “The security challenges that we are facing are surmountable. Yes, we have porous borders. We inherited weaknesses that could have been addressed earlier. It is a challenge that we must fix, and we are facing it.”

    Tinubu added that he had ordered all security agencies to provide daily feedback from operations in Katsina.

    He said, “I am reviewing all the aspects of security; I have to create state police. We are looking at that holistically. We will defeat insecurity. We must protect our children, our people, our livelihood, our places of worship, and our recreational spaces. They can’t intimidate us.”

    The call for state police came after the federal government, in February 2024, set up a committee to explore modalities for its creation.

    Minister of Information and National Orientation, Mohammed Idris, while briefing State House correspondents, confirmed at the time that Tinubu and state governors had agreed on the framework.

    The post NEC Moves to Boost Food Security Nationwide, Endorses NASENI’s Solar Irrigation Pumps appeared first on THISDAYLIVE.

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    •Seeks President’s approval for mass production  •Shettima says it’s a proof that Nigerian ingenuity can compete globally  •Council fails to deliberate on state police Deji Elumoye in Abuja In a
    The post NEC Moves to Boost Food Security Nationwide, Endorses NASENI’s Solar Irrigation Pumps appeared first on THISDAYLIVE.

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