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Experts Advise NNPCL Boss on Rule of Law, Industry Reform

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Oil and gas experts have asked the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd. (NNPCL), Mr Bayo Ojulari, to adhere to the rule of law and the Petroleum Industry Act (PIA) 2021.They said these were key to enhancing transparency, accountability, and investor confidence in the sector.

Ojulari was appointed by President Bola Tinubu on April 2.
Speaking in separate interviews with the News Agency of Nigeria (NAN) on Monday in Lagos, the experts congratulated Ojulari while highlighting critical areas the new leadership must address.
Professor Emeritus of Petroleum Economics, Louisiana State University, Prof. Wumi Iledare, emphasised the non-negotiable need for legal compliance, warning that failure to uphold the provisions of the PIA could discourage investment.
“Rule of law compliance is essential for accountability. Deviating from this path will deter capital inflows into the NNPCL,” Iledare said.He urged the company to focus on upstream cost efficiency, especially in joint venture (JV) brownfield projects, while also securing its operational assets.He advised against “gold-plating” of projects and called for more value extraction from midstream and downstream operations.“NNPCL is now a vertically integrated commercial entity, not a government agency.Long-term value lies in leveraging downstream and midstream infrastructure,” he added.Iledare also warned against treating NNPCL as a government cash cow, urging the Federal Government to avoid imposing subsidies on the company.He advocated compensation models that reflect the distinct financial realities of each operational segment and suggested selling JV interests to local consortia rather than foreign entities.On energy transition, Iledare said that NNPCL should focus on reducing emissions while maintaining fossil fuels as its core business.“Petroleum will remain a key energy source well into the future unless a viable, sustainable alternative becomes widely accessible,” he noted.Oil and gas consultant, Mr Henry Adigun, expressed same views, urging Ojulari to prioritise shareholder returns, review asset performance and address operational inefficiencies.“NNPCL must operate strictly as an oil company and not blur the lines with regulatory responsibilities.Its inability to make that distinction has affected its efficiency,” Adigun said.He noted that while NNPCL could facilitate sectoral growth, it cannot independently attract significant investment without leveraging its existing assets and joint ventures.On energy transition, Adigun called for proper internal structures to drive the implementation of policy goals, adding that leadership reform at NNPCL could trigger broader industry improvements.“NNPCL’s reform can set a positive tone for the entire oil and gas sector,” he said.(NAN)

NEWS

Methodist Synod Urges FG To Enhance Police Capacity to Combat Ritual Killings

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From Ene Asuquo,Calabar

Methodist Church of Nigeria, Calabar, Synod  has charged President Bola Tinubu to take immediate action to enhance the capacity of police personnel to effectively address the rising wave of ritual killings and insecurity  challenge troubling the the country.

They called on government at all levels to galvanize state apparatus to stem the tide of unabated shedding of innocent blood through wanton killings, vandalization and plundering of national assets.

The Synod noted with dismay the return of paganism, and  alarming rate of sacrifices of  innocent persons in different parts of the nation for money making purposes by evil individuals in the country.

 Chairman, 3rd Annual Synod, Methodist Church of Nigeria, Diocese of Atamunu Calabar, Rt. Rev. Otuekong Ukut Ph.D, gave the charge while commenting on the state of the nation in Calabar yesterday.

He decried that  innocent persons had been murdered and sacrifice for  money ritual purposes to wicked gods for with the perpetrators of this dastardly act deceiving themselves that they will make wealth  wealth and riches from organ harvesting  and trafficking. 

Clauses from the 10-point  communiqué issued by  the Synod signed by the  chairman Rt. Rev Bishop Otuekong Ukut Ph.D, Synod Secretary, Very Rev. Anthony Essien and Lay president Sir Dr. Gabriel Inyang, called for quick strengthening of the capacity of  law enforcement agents  to enhance investigation, prosecution of  ritual killers.

The Synod urged authority of the Nigeria police to  improve the knowledge of its personnel, concentrate more on intelligence gathering to identify and disrupt ritual killing networks.

The clerics  urged president Tinubu to address underlying issues that includes implementation of policies that will reduce  poverty, inequality as well as establish social safety nets to support vulnerable people.

The Synod, admonished churches and Christians to wake up in prayer, be vigilant, so more evangelical to win souls to Christ and bring repentance to these perpetrators.

Other issues which the Synod wants federal government to addressed include, Inter-religious relationship, ecclesiastic matters, restructuring of the nation, state of the economy, reform of Judiciary, state of Cross River, rehabilitation of Calabar Itu road among others.

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Foreign News

German Minister Keeps Post As SPD Reveals Ministers

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German Defence Minister, Boris Pistorius is to retain his post in the new Cabinet, his Social Democratic Party (SPD) said Monday, as the party unveiled its picks for ministerial positions.

The SPD is set to enter the new German Government as the junior partner in coalition with Friedrich Merz’s conservative bloc, made up of the Christian Democrats (CDU) and the Bavaria-only Christian Social Union (CSU).

The partners were to sign off on the 144-page coalition agreement at 12 p.

m. (1000 GMT) on Monday, before Merz can be elected Germany’s new chancellor by parliament on Tuesday.

The conservatives emerged as the winner from February’s parliamentary elections, followed by the anti-immigrant Alternative for Germany (AfD), which was designated as a “confirmed right-wing extremist’’ organisation by domestic intelligence last week.

The SPD, traditionally one of the two main political forces in Germany, fell to third place after a difficult period in office under the leadership of outgoing chancellor Olaf Scholz.

With centrist parties ruling out cooperation with the AfD, a policy known as the “firewall’’, a coalition between the CDU/CSU alliance and the SPD became inevitable in spite of the clashes.

They clashed on the issues such as migration and the economy during the election campaign.

SPD co-leader Lars Klingbeil was to become vice chancellor and finance minister after striking up a strong partnership with Merz during negotiations to form a coalition.

Four of the incoming SPD ministers are women: Bärbel Bas as labour minister, Verena Hubertz for construction, Reem Alabali-Radovan as development minister and Stefanie Hubig taking on the justice portfolio.

Carsten Schneider was to be the SPD’s new environment minister, but there was no place in the Cabinet for Klingbeil’s colleague as co-leader, Saskia Esken.

Pistorius, widely seen as the SPD’s most popular politician, was the only member of the outgoing Cabinet to keep his position.

“The SPD is putting together a team that is ready to boldly shape our country,’’ the party’s leadership said in a joint statement on Monday.

“Experienced personalities from federal and state politics meet new faces who stand for the generational change in the SPD.’’

The conservatives outlined their choices last week, with Katherina Reiche as economy minister and the CSU’s Alexander Dobrindt taking the interior portfolio.

Once Merz is elected and his Cabinet sworn in, the new administration can get to work, exactly six months after Scholz’s centre-left coalition imploded amid in-fighting, triggering early elections.

It faced a long list of pressing challenges, from Germany’s ailing economy and crumbling infrastructure of the threat to European security from Russia and an ever-more abrasive U.S. president.

Scholz, meanwhile, was to receive an official send-off later on Monday, with a special military ceremony known as a tattoo to be held in his honour in Berlin

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Foreign News

Zimbabwe Celebrates National Culture Month in May

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 Zimbabwe has started celebrating its National Culture Month from May 1 to May  31,  following Cabinet approval of the 2025  programme under the theme “Celebrating Indigenous Voices.

According to the Minister of Information, Publicity and Broadcasting Services Jenfan Muswere,  the initiative was intended to promote cultural heritage, diversity, and unity.

This news was reported by New Ziana.

“This initiative is aimed at celebrating our rich cultural heritage, promoting cultural diversity, and fostering national unity,” he stated.

The minister said throughout May, Zimbabwe will observe National Culture Month with a structured weekly programme.

He said the first week will focus on traditional cooking methods and historical recipes. In the second week, Indigenous Fashion Week will highlight traditional clothing from various communities.

Muswere added that the third week will feature the official national launch of the celebration, while the fourth week will center on Indigenous Languages and Cultural Dialogue, including performances, poetry readings, film screenings, and language workshops

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