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FG Releases N122bn to Transform Midstream Gas Value Chain

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The Federal Government has released N122 billion to six gas infrastructure companies with the goal of transforming the midstream gas value chain across the country.

The Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, said this at the Midstream Downstream Gas Infrastructure Fund (MDGIF)/Promoters Agreement Signing Ceremony, in Abuja on Monday.

The MDGIF entered into agreement with Gas Infrastructure Promoters, to improve Nigeria gas infrastructure.

Ekpo said that the fund was committed to the investors to ensure that Nigeria was driven by gas.

”This is a historic day for the Nigerian gas industry as we announce and finalise a partnership between public and private sectors with the goal of transforming the midstream gas value chain.

“This is a reflection of President Bola Tinubu’s efforts and enthusiasm to improve and foster business relationships between the public and private sectors.

“Today is a significant milestone as we formally enter into agreements with six business entities that have been screened to obtain government equity participation under the MDGIF,” he said.

Ekpo said the promoters were carefully chosen in compliance with the MDGIF Investment Policy Statement (MIPS) and the Petroleum Industry Act (PIA) 2021, deserve our congratulations.

“They have demonstrated their ability and commitment in supporting us to provide gas to end users,” he said.

The minister said that the MDGIF stood at the forefront of the strategy to modernise Nigeria’s gas infrastructure.

According to him, it has been designed as a catalyst for investment, aiming at bridging gaps in the gas value chain by ensuring the financing and delivery of critical projects.

“These initiatives will accelerate our journey towards energy security, industrial growth, and economic prosperity, in alignment with the goals of the decade of gas initiative.

“By bringing together government’s efforts and private sector expertise, the MDGIF is positioned to fuel growth in gas processing, transportation, storage, and distribution infrastructure.

“This collaboration is essential to achieving our target of transitioning from a crude oil-dependent economy to one driven by natural gas and its derivatives,” he said.

Ekpo said the selection process was rigorous and each of the companies was chosen for their track record of excellence, technical expertise and unwavering commitment to supporting Nigeria’s gas revolution.

“As we sign these agreements today, it is essential that we maintain a focus on delivering projects that are timely, transparent and transformational.

“The government is fully committed to supporting your efforts through policy frameworks that enable smooth execution, while ensuring that every milestone reached contributes to the broader vision of a prosperous Nigeria fueled by gas.

“I encourage each of you to continue working with the same dedication that brought you to this point.

“Together, we will chart a path toward building sustainable energy infrastructure that benefits our economy and society for generations to come, ” he said.

Amb. Nicolas Ella, Permanent Secretary of the ministry, urged the investors to be diligent and committed in the execution of the project.

Sen. Jaribe Jaribe, Senate Committee Chairman on Gas, said the senate would continue to provide support to ensure strong partnership in the implementation of the initiative.

Mr Oluwole Adama, Executive Director, MDGIF, said the project was spread across 20 Federal Universities to alleviate the cost of transportation for Nigerian students, lecturers, and administrative staff.

“It is hoped that more institutions will be included as soon as possible,” he said.

Mr Fola Akinnola, Managing Director, FEMADEC Energy, one of the beneficiaries on the project execution, said that he would ensure that the project was execute and delivered effectively and on good time.

The six companies include Asiko Energy Holdings Ltd. (AEHL), FEMADEC Energy Ltd., Ibile Oil and Gas Corporation (IOGC), Nsiko Oil and Gas Ltd., Rolling Energy Ltd and Topline Ltd. (NAN)

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Police Reunite 35 Rescued Kidnapped Victims with Families

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The Police Command in Niger, says it has reunited 35 rescued kidnapped victims and survivors with their families in Niger.

This is contained in a statement by its Public Relations officer, Wasiu Abiodun, on Tuesday in Minna.

According to the statement the rescued victims consist of 16 women and 19 children.

The Commissioner of Police (CP) in Niger, Adamu Elleman, represented by the DCP investigation, Ibrahim Adamu, said the victims were from Kagara, Tegina and Agwara.

According to the CP, the victims had been in custody for some period for counselling and deradicalisation processes before handed over to their Council Chairman of Rafi LGA and relatives.

He appealed to members of the public to continue to cooperate with the police by providing actionable information on criminal activities.

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Turkish Embassy Pledges Partnership with Asset Media Group

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By Donald Andoor, Abuja

The Turkish Embassy in Nigeria has pledged a working relationship with the Asset Media Group and Nigeria’s media in general to further boost long lasting diplomatic and trade relations existing between the two countries.

Head of Political Office, Embassy of the Republic of Turkiye, Muzaiffer Hakan Tok who was exchanging views with the management team of Asset Media Group in Abuja, yesterday recalled the robust diplomatic, trade and cultural relationship between Nigeria and Turkiye.

While stressing the cordial relationship existing between the two nations over time, he said there was need for media practitioners to be further enlightened about those things that were common and binding between the two nations.

He applauded the people of Nigeria and the government for the hospitality accorded Turkish nationals in the country.

Earlier, Dr. Cletus Akwaya, Proprietor of Asset Media Group, owners of the Daily Asset Newspaper and Asset Television, said the visit was to explore ways of media partnership with the embassy.

He appealed to the Turkish Embassy in Nigeria to initiate avenues for exchange of visits between journalists of the two countries to enable them to enlighten and educate the public about opportunities that abound in the country.

The diplomatic relations between the two nations started when Turkey opened an embassy in Lagos in 1962. The embassy was moved to Abuja in 2001 after Nigeria’s proclamation of Abuja as the new capital.

On the other hand, Nigeria has an embassy in Ankara, the capital of Turkey and the two countries are members of a group of eight developing nations, code named D-8.

The delegation of the Daily Asset Group included Donald Andoor, Chairman Editorial Board and General Manager of Asset Television, Ayami Sunny Ayami.

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NCS Cautions Nigerians against Breach of US Visa Terms

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By Tony Obiechina, Abuja

The Nigeria Customs Service (NCS) has issued a public advisory urging Nigerians to use U.S. entry visas responsibly, following concerns raised by the United States government over visa misuse.

The NCS emphasized that Nigerian travelers must adhere strictly to the purpose stated in their visa applications, warning that engaging in activities inconsistent with their visa classification could lead to revocation.

It reminded the public that security screening by U.
S. authorities continues beyond the point of entry, and that visa holders remain under regular monitoring.

The agency also reiterated the importance of complying with U.

S. immigration laws, including import/export regulations. Travelers were further reminded to declare any cash in excess of $10,000 or its equivalent at entry or exit points, and to avoid carrying any prohibited items in their luggage.

NCS advised all passengers to maintain lawful conduct both within Nigeria and abroad, cautioning that fraudulent acts committed in any country could result in legal consequences under both Nigerian and U.S. laws.

Assuring continued collaboration with the U.S. Mission in Abuja, the NCS stated that efforts are ongoing to ensure Nigeria avoids inclusion in any future visa restrictions, thus safeguarding the travel rights of Nigerians with legitimate purposes for visiting the United States.

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