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Energy Centre Applauds Komolafe as NUPRC Achieves N5.21 Trillion Revenue in First Half of 2025

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The Energy Policy Advancement Centre (EPAC) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for generating N5.21 trillion in the first half of 2025, describing it as a clear demonstration of strategic revenue management in Nigeria’s oil and gas sector.

In a statement signed by its Director-General, Dr. Ibrahim Musa, EPAC said the mid-year performance under the leadership of NUPRC Chief Executive, Gbenga Komolafe, shows what is possible when regulation is matched with foresight, accountability, and determination.

Figures from the commission’s latest report to the Federation Accounts Allocation Committee (FAAC) revealed that the January–June 2025 earnings represent 42.7 per cent of the record N12.2 trillion revenue achieved in the entire 2024 fiscal year. The inflows came from royalties, gas sales, flared gas penalties, and joint venture proceeds.

EPAC noted that NUPRC’s strong showing was achieved despite the volatility of the global oil market and domestic production challenges, adding that the performance strengthens the country’s fiscal position at a time of significant budgetary demands.

“NUPRC has shown that with deliberate strategies and a results-oriented approach, Nigeria can unlock more value from its upstream petroleum sector. This is not just about impressive figures—it is about building the confidence that our institutions can deliver on ambitious national targets,” he said.

The report indicated that the commission’s earnings include N1.04 trillion from Nigerian National Petroleum Company Limited (NNPCL) joint venture and production sharing contract royalty receivables, alongside N315.93 billion from Project Gazelle receipts in January and March 2025.

It also highlighted that NNPC’s JV royalty receivables from October 2022 to June 2025 amounted to N6.60 trillion, underscoring the cumulative effect of delayed remittances from oil companies.

Musa particularly applauded the NUPRC’s debt recovery drive, which yielded $459,226 from outstanding obligations—part of a cumulative $1.436 billion owed from crude oil lifting contracts. This recovery, he said, was a product of rigorous reconciliation processes between NNPCL and FAAC, overseen by the Technical Sub-Committee of the Alignment Committee on the Reconciliation of Indebtedness.

“Debt recovery may not attract headlines, but it is the backbone of fiscal discipline. Every dollar recovered is a step towards stabilising government finances and strengthening our economic resilience. The NUPRC’s persistence in this regard is commendable.”

For 2025, the Federal Government has tasked the commission with raising N15 trillion to fund national expenditure. EPAC said that while the mid-year figure of N5.21 trillion represents 34.7 per cent of this target, the pace of achievement so far—combined with strategic arrears recovery and potential production boosts—suggests that the goal remains within reach.

Musa stressed that what sets the current performance apart is not only the quantum of revenue but also the discipline with which it is being pursued. He said the commission’s approach to expanding its revenue base while maintaining transparency should serve as a model for other public institutions.

“NUPRC has moved beyond passive regulation to active value generation. This is the kind of institutional energy Nigeria needs—one that does not see targets as threats but as opportunities to innovate and excel,” he said.

EPAC urged oil companies and relevant agencies to align with the commission’s momentum by ensuring timely payments, compliance with regulations, and support for upstream investments that can further raise output and earnings.

“We are in an era where every revenue stream matters. With the right cooperation, there is no reason the N15 trillion target cannot be met or even surpassed. The NUPRC has set the tone; it is now up to all stakeholders to match that commitment,” he said.

The Energy Policy Advancement Centre emphasised that the commission’s mid-year achievement should serve as a reminder of the critical role upstream petroleum revenues play in Nigeria’s economic stability, and why sustained reforms in the sector must remain a national priority.

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Brazil Beat Haiti 3-0, Boost Knockout Hopes

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Brazil strengthened their chances of advancing to the knockout stage of the World Cup with a commanding 3-0 victory over Haiti today. The South Americans delivered a disciplined performance, combining attacking flair with defensive solidity to secure three crucial points.

From the opening whistle, Brazil imposed themselves on the match. Their midfield trio dictated tempo, recycling possession and stretching Haiti’s defensive lines. Within the first 15 minutes, Brazil’s pressure paid off when striker Gabriel Silva converted a low cross from the right flank, giving his side an early lead.

Despite conceding early, Haiti showed resilience. They tightened their defensive shape and attempted to hit Brazil on the counterattack. Winger Jean-Pierre Louis tested Brazil’s goalkeeper with a sharp effort from distance, but the shot was comfortably saved. Haiti’s determination kept the scoreline respectable through much of the first half.

Brazil doubled their advantage just before halftime. Midfielder Lucas Andrade unleashed a curling shot from outside the box, leaving Haiti’s goalkeeper rooted to the spot. The strike highlighted Brazil’s technical superiority and gave them a cushion heading into the break.

In the second half, Brazil maintained control. Their passing sequences frustrated Haiti, who struggled to regain possession. Brazil’s third goal came in the 70th minute when substitute forward Rafael Costa capitalized on a defensive lapse, slotting the ball calmly into the net. The goal sealed the contest and allowed Brazil to manage the closing stages with confidence.

Brazil’s coach emphasized balance, ensuring the team did not overcommit forward. The defensive line remained compact, neutralizing Haiti’s attempts to break through. This tactical discipline prevented Haiti from creating clear chances and underscored Brazil’s maturity in tournament play.

Although Haiti failed to score, their effort was commendable. The team fought hard, pressing when possible and showing flashes of creativity. However, the gulf in quality was evident, particularly in midfield battles where Brazil consistently regained control.

The victory places Brazil in a strong position in their group. With six points from two matches, they are now favorites to progress to the knockout stage. The team’s blend of youth and experience appears to be clicking at the right time, raising hopes among supporters for a deep run in the tournament.

Brazil will face a tougher test in their next fixture against a European opponent. The team must maintain focus and continue refining their attacking transitions. For Haiti, the defeat complicates their path forward, but they remain mathematically alive. Their next match will be decisive in determining whether they can keep their World Cup dream aliv

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Bosnia Crushed By A Merciless Switzerland Machine

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Switzerland were in imperious form today as they blew Bosnia away in the group stage game of the World Cup in what was a dominant and uncompromising offensive masterclass from the Swiss. Switzerland played at a frightening speed, executed a crisp passing game and proved ruthlessly efficient in front of goal.

Switzerland began in the ascendancy and looked eager to press and control the game from the start, and after only two minutes had Bosnia backed into a corner of their own half.

They kept the ball well and at speed, and the Swiss looked eager to push the Bosnia defence wider as the game started. Within the first 15 minutes, Switzerland had already tested the Bosnian goalkeeper with two powerful shots.

The breakthrough came after halftime. With an attack moving quickly, the Bosnian back line is open, leaving the Swiss attacker in a clear scoring position.

The ball slides calmly to the net to give the Swiss a much-deserved lead. It was a game where Bosnia was struggling deep in their own territory as they were being pushed to the limit.

A counterattack was their goal, but it fell flat as they tried to do something but couldn’t get it right. They’ve isolated their forwards, and the midfield has failed to connect up the game. A long-range shot was their closest call, but the Swiss goalie wasn’t going to do it then and there.

Their inability to generate consistent pressure against Switzerland made them play from a defensive mindset. The double-goal advantage came just before the half as Switzerland was in top-notch form with another incisive approach that will make all opponents fear them.

With a pass from the left, their winger managed to score an ideal goal and also showing that any of their forwards are available to find the open space and punish you against defensive error.

The Swiss reached the break, well deserved of it, and mentally depleted from the opponent as Bosnia’s score reached 0 goals for their team. The Swiss were ready to continue this show.

They played like nothing was about to change and continued with their forward aggression. Switzerland’s offense began to work relentlessly, generating forced errors and, consequently, chances to create another goal for them.

Three goal came via another header, which smashed Bosnia’s defence to send the ball home. After Bosnia had their fourth goal scored against them, the game became so one sided as the Swiss were simply walking through the Bosnian team’s defence without issue. Bosnia seemed unable to match their opponents for any level of performance.

After the game reached its conclusion and Switzerland was victorious, the Swiss have many good performers to recognize. The team’s captain was influential as he seemed to control the whole pitch from his central midfield role. He was vocal, directed plays, and seemed to pump his teammates up with great performance throughout. For the Bosnia team, the keeper may be recognized. Although there may have been many goals scored against his team he seemed to be playing very well to be stopping every other chance by a Swiss attacking team.

They played from a back foot throughout the game as if all their play was being played as if it were defense but when a chance to attack came, they failed. The Swiss may well deserve the win as they showed a complete game.

The Swiss coach was at his best on the sidelines as he made the appropriate personnel changes and substitutions throughout the game that help Switzerland find success and continue their winning ways in the tournament. The group implications seem fairly obvious. Switzerland have improved their standings and appear to be in a strong position to qualify from their group.

Bosnia’s hopes look a lot less favorable and they really have to pick it up. Overall it seems Switzerland dominated Bosnia and a 4–0 defeat was entirely deserved from the Bosnian team.

Switzerland came ready for this game and put it on display through skillful passing, a powerful forward attack, and some incredible play on both ends of the pitch and as their Coach did in the press conference, this was a statement.

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Judicial Battle Reboots Kwara ADC’s 2027 Election Machinery

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The Kwara State chapter of the African Democratic Congress (ADC) has converted a recent legal threat into a political launchpad. Following an appellate court victory that halted an attempt to deregister the party, the Kwara ADC has declared its full readiness to contest the 2027 general elections.

A Federal High Court judgment by Justice Peter Lifu originally ordered the Independent National Electoral Commission (INEC) to deregister the ADC along with four other opposition parties.

The decision was met with an outcry by opposition coalition who alleged the judicial action was another manipulative scheme to cripple opposition politics in the nation and give an unearned leap to ruling parties for the 2027 election cycle.

The “threat however, disappeared into thin air as the Court of Appeal in Abuja swung into action and delivered a strong rebuff on the lower court. A stay of execution of the deregistration order was issued by the Court of Appeal.

Experts and political leaders in opposition said the lower court’s ruling had contravened judicial hierarchy as courts above had already issued a stay of proceedings. It has returned to status quo, following the successful legal defence as the Kwara State chapter of the ADC has called an emergency State Executive Committee meeting at its State Secretariat, Ilorin.

Party stakeholders have already turned the page from the legal battle to an intensive grassroots mobilisation as party structures have been instructed to get set for the next election cycle.

“This issue, while appearing like a setback, has only united us more than before,” said the Kwara State Chairman of ADC, Babatunde Muhammed, who assured that “

The Court of Appeal intervention in our case has revived my confidence in the country’s judicial system, and that you cannot simply rubbish an existing political movement because you have access to some judges.

We remain unruffled” he added. Consequently, all ADC Candidates and ward executives in Kwara State have been tasked to commence voter outreach immediately with a unit-by-unit grassroots mobilisation plan that aims to put the current ruling party on the defensive by articulating how the ADC platform and agenda contrast with the performance of the incumbent administration.

The new approach of Kwara ADC will focus primarily on local security issues, fiscal and economic management and ensuring a free and fair electoral system in 2027 election.

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