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Applauding Tinubu’s Upstream Prosperity Through Strategic PIA Implementation

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By Aminu Adamu Aminu

The restoration of hope for Nigerians and the effectiveness of the Petroleum Industry Act (PIA) in delivering tangible, evidence-based, and progressive reforms are no longer matters of doubt or mere sloganeering among Nigerians and residents. These are not empty campaign promises but the reality of a new political order—a game-changer reshaping narratives, particularly in the petroleum sector, where the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is championing transformative reforms.

What began two years ago, upon President Bola Ahmed Tinubu’s assumption of office, as an ambitious plan has evolved into a practical force, changing lives and transforming the nation with numerous tangible benefits.

President Tinubu’s administration has made significant strides in restoring hope to Nigeria’s oil and gas sector, fast-tracking the implementation of the PIA, and yielding measurable, positive results.

At the core of NUPRC’s reforms is an unwavering commitment to transparency, which has strengthened the PIA’s legal framework, leading to remarkable improvements in reporting obligations and host community provisions. These reforms, driven by strategic regulatory leadership and robust presidential backing, have significantly boosted oil production, steadily increasing Nigeria’s crude oil output to an all-time high exceeding 1.7 million barrels per day.

This achievement has restored investor confidence, attracting international oil companies (IOCs) back to Nigeria and encouraging direct foreign investment with renewed optimism. Through deliberate and proactive efforts, the NUPRC has fostered an environment of fruitful engagement and collaboration rooted in shared values.

This has enhanced the enforcement of improved metering systems, a decisive clampdown on oil theft, and the promotion of decarbonization. These initiatives reflect a forward-thinking agenda aligned with global standards and best practices, fostering international trade and reinforcing Nigeria’s energy independence.

The multifaceted positive impacts on Nigeria’s economy have stimulated growth, stabilized the exchange rate, and bolstered investor confidence, attracting foreign investment pledges totaling approximately $50.8 billion. An improved balance of trade has resulted in a trade surplus of about N3.42 trillion in the fourth quarter of 2024, alongside consistent GDP growth. This has led to increased revenue allocations to subnational governments and local government councils, enabling them to clear salary arrears and debts, improve citizen welfare, and invest in social services and infrastructure. These developments have further boosted economic growth and consolidated the administration’s gains.

The Renewed Hope agenda also seeks to resolve lingering industrial disputes, creating a more stable and attractive investment environment. This facilitates an energy transition aimed at ensuring the long-term sustainability of Nigeria’s oil and gas sector.

The notable increase in transparency, accountability, and efficiency within the industry has improved regulatory oversight and community engagement, fostering a more favorable and robust business environment. This is evident in the substantial investment pledges, including the aforementioned $50.8 billion in foreign investment commitments.

Beyond stabilizing the exchange rate, reducing inflation, and increasing government revenue, Nigeria’s Eurobond issuance in late 2024 attracted over $9 billion in orders—four times the subscription level—demonstrating strong investor confidence in the nation’s economy.

This success reflects a consistent commitment to policy continuity, inclusivity, stakeholder engagement, and a strong emphasis on maintaining transparency and accountability in the PIA’s implementation.

Given the critical role of these reforms in shaping Nigeria’s trajectory, concerted efforts have ensured a profound impact. The reforms have moved the country far from its pariah days, establishing transparent licensing rounds. Recent bid rounds and concession awards, such as the 57 Petroleum Prospecting License (PPL) awards in 2022, the 2022 Mini-Bid Round, and the 2024 Licensing Round, were executed with unprecedented transparency and competitiveness, drawing exceptional investor participation.

The pragmatic implementation of the PIA has also led to a strategic 28 Field Development Plans Initiative, securing $18.2 billion in investment commitments. This initiative is expected to unlock 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas. Additionally, rig counts have risen significantly, from 8 in 2021 to 43 as of September 2025, signaling a substantial increase in exploration and production activities.

In the words of Engr. Gbenga Komolafe, Chief Executive of NUPRC, “With the Petroleum Industry Act as our foundation, reinforced by bold Presidential Executive Orders and transformative regulatory initiatives, we are not just opening our doors to investment; we are building a world-class upstream oil and gas environment that rewards ambition, innovation, and responsibility.”

Given this resolute determination, as demonstrated by the effective implementation of the PIA through the NUPRC, President Bola Ahmed Tinubu is undeniably steering Nigeria’s upstream petroleum sector in the right direction.

Aminu writes from Kaduna

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I Don’t Love Yvonne Jegede Anymore, But I’ll Kill For Her – Nollywood Actor, Kunle Fawole

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Nollywood actor Kunle Abounce Fawole has revealed that he no longer has romantic feelings for his ex-wife, actress Yvonne Jegede. However, he said he would do everything possible to protect her if she was ever in danger.

Fawole made the statement during an interview with media personality Chude Jideonwu, where he reflected on their failed relationship and how he now relates to his ex-wife.

Speaking about the breakup, he said, “I had a girlfriend once, but it didn’t work.”

When asked why the relationship ended, he replied, “I think we’re just, on different planes. I’d rather just be the one to say, ‘Oh, everything was my fault,’ so to speak, I don’t like the enmity of things.”

The actor explained that he does not believe in holding grudges or avoiding people he once loved. According to him, he would gladly greet his ex-wife if they met because he has no reason to be hostile toward her.

He said, “I don’t want to see somebody that I used to be with down the street, and I turn my face away.”

When asked if he still loves Yvonne Jegede, Fawole simply responded, “No.”

Despite saying he no longer loves her romantically, the actor stressed that his respect and sense of responsibility toward her remain the same because she is the mother of his son.

He added, “Yes, she’s the mother of my son. I’m somewhere, and she’s in trouble, somebody is doing something, I’ll try my best to kill the person.”

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Egypt Secures Historic Win, Tops Group G

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Egypt made history on Sunday night in Vancouver, defeating New Zealand 3-1 to record their first-ever FIFA World Cup win. The result lifted the Pharaohs to the top of Group G with four points, while New Zealand remained bottom with just one.

The match began with New Zealand showing early intent. Defender Finn Surman rose highest to head home in the 15th minute, giving the Oceania side a shock lead. Egypt struggled to find rhythm in the first half, with misplaced passes and a lack of penetration in attack.

Coach Hossam Hassan’s halftime talk proved decisive. Egypt returned with renewed energy, pressing higher and moving the ball faster. Their persistence paid off in the 58th minute when Mostafa Zico equalised with a composed finish inside the box.

Ten minutes later, Mohamed Salah, Egypt’s talisman, put his side ahead. The captain latched onto a through ball and calmly slotted past the New Zealand goalkeeper. His influence was undeniable, combining leadership with technical brilliance.

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Mahmoud Trezeguet sealed the victory in the 82nd minute, finishing off a swift counterattack that left New Zealand’s defence exposed. The third goal ended any hopes of a comeback for the Kiwis.

Salah’s performance stood out. Beyond his goal, he provided an assist and constantly troubled New Zealand’s backline. His display earned him the Man of the Match award, underlining his importance to Egypt’s campaign.

For Egypt, the win was more than three points. It marked a historic milestone, ending a 92-year wait since their World Cup debut in 1934. The victory also boosted morale ahead of their next group fixture.

New Zealand, despite their bright start, failed to sustain pressure. Their midfield struggled to cope with Egypt’s intensity after the break, and defensive lapses proved costly. With only one point from two matches, their chances of progressing now hang by a thread.

Coach Darren Bazeley admitted his side lost focus after halftime. “We started well but could not maintain control. Egypt punished our mistakes,” he said.

The result reshaped Group G standings. Egypt now leads with four points, ahead of their next opponents. New Zealand sits bottom, needing a win in their final group match to keep slim hopes alive.

For Egyptian fans, the night in Vancouver will be remembered as a turning point. The Pharaohs not only secured a historic win but also announced themselves as serious contenders in the tournament.

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INEC Reports 87% Readiness For Enugu North By-Election

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INEC-Chairman,-Professor-Joash-Ojo-Amupitan.

The Independent National Electoral Commission (INEC) has confirmed that preparations for the Enugu North Senatorial District by-election are nearly complete, with the commission recording 87 percent readiness.

Dr. Chukwuemeka Chukwu, the Resident Electoral Commissioner (REC) in Enugu State, disclosed the update during an interview in Enugu. He explained that the commission had already sorted and dispatched non-sensitive materials to its six local government area offices within the senatorial district.

According to Chukwu, the materials will be moved from the council offices to Registration Area Centres (RACs) to ensure smooth distribution ahead of the June 20 poll. He stressed that the commission’s logistics plan was on track and designed to avoid last-minute challenges.

The REC also confirmed that all Bimodal Voter Accreditation System (BVAS) devices had been fully configured and charged. These devices, introduced to enhance transparency and reduce electoral malpractice, will be deployed across polling units in the district.

Chukwu noted that INEC had concluded engagements with critical stakeholders at the state, senatorial, and local government levels. He said the meetings recorded strong participation, with stakeholders raising questions about the process and receiving clarifications from senior officials.

He revealed that four political parties would field candidates in the by-election. While he declined to name them, he explained that INEC had monitored their primaries and submitted reports to the commission’s headquarters for approval.

Training for election officials is scheduled to begin on Friday, covering ad-hoc staff and permanent INEC workers. The training will focus on electoral procedures, use of BVAS devices, and compliance with guidelines.

Security arrangements are also being finalised. Chukwu said INEC would meet with the police and other security agencies to ensure the safety of officials, materials, and voters during the exercise. He emphasised that security presence would be critical to maintaining order and protecting the integrity of the process.

The by-election was scheduled after INEC published the official timetable on May 21. It is expected to fill the vacant seat in the Enugu North Senatorial District, a contest that will test the strength of political parties in the state ahead of the 2027 general elections.

Chukwu assured residents that INEC was committed to conducting a credible poll. He urged voters to participate actively and expressed confidence that the commission’s preparations would guarantee a transparent outcome.

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