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AKK Gas Project 70% Completed—Kyari

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Mele Kyari NNPC

By Adedapo Adesanya

The Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project is now 70 per cent completed despite the perceived halt of the project.

He made this disclosure as he provided updates on the project during an on-site visit on Monday in the Ahoko community of Kogi State.

He said, so far, a total of $1.1 billion has been spent on the $2.5 billion project, which was inaugurated by President Muhammadu Buhari in June 2020.

The 614 km facility will have the capacity to transport two billion standard cubic feet of natural gas per day to three proposed independent power plants in Abuja, Kaduna, Kano, and other gas-based industries, as well as other identified and proposed commercial off-takers along the entire pipeline route.

“For the benefit of the Nigerian public, this is one of the most massive projects that we’ve run in the company. It is of immense proportion and value to our country and to the socioeconomic growth of our country,” Mr Kyari said.

According to him, the “must-deliver” project has not stopped for a single day and admitted that there was no third-party financing to the project as financiers allegedly pulled out overinflated contracts.

“We’re continuing to fund it despite the fact that we do not have third-party financing on this project. We have so far spent over $1.1 billion on this project from our cash flow.

“We are a very different company today; we are a commercial company. This company can fund this project, so we do not need any support on this project. We will deliver this project,” Mr Kyari explained.

The NNPC Limited chief executive noted that “we don’t owe a dollar to our contractors today,” saying all the invoices of the over 35 of their contractors active on the project had been paid.

“And we are very hopeful and optimistic that we will deliver this project,” he added.

If delivered, the AKK project will become a game changer to Nigeria’s gas needs domestically and also a source of trade internationally.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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IFMA Nigeria Gets Branch in Oyo, Picks Adejumo Olusola Babatunde as Coordinator

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IFMA Nigeria Oyo branch

By Modupe Gbadeyanka

A new branch of the International Facility Management Association (IFMA) Nigeria Chapter has been established in Oyo State, with Mr Adejumo Olusola Babatunde chosen as Coordinator.

The organisation set up an arm in the South-West state in a bid to expand its footprint in the country. Mr Babatunde will be assisted by other executive committee members, including Mr Ajiboye Olusola Akeem as Secretary, and Mrs Adeniran Olaide as Treasurer.

At the inauguration of the branch at the Nigerian Society of Engineers (NSE) Secretariat in the Akobo area of Ibadan, the Oyo State capital, the president of IFMA Nigeria, Mr Sheriff Daramola, expressed delight at the successful inauguration of the branch and commended members for their commitment to the growth of facility management in Nigeria.

He highlighted IFMA’s global heritage, noting that the association is supporting over 25,000 members in more than 140 countries worldwide. Mr Daramola emphasised IFMA’s strong global network, the world’s largest and most widely recognised association for facility management professionals, headquartered in the United States and its growing influence in Africa, the Middle East and Europe.

“IFMA members have taken positions of authority across federal, state, and private institutions; IFMA Nigeria is positioned to ensure our professionals are the first choice for global investors entering the Nigerian market,” he stated.

The Legal Adviser of IFMA, Nigeria, Mr Sola Fatoki, who shared this sentiment, said, “Since 1997, when IFMA Nigeria was established, the association has equipped facility management professionals with integrated knowledge spanning human behaviour, infrastructure, and the built environment.”

He encouraged engineers, architects, surveyors, ITC, Technology innovators, data analysts and allied professionals to see IFMA as their professional home and outlined the functions and responsibilities of branch executive committees.

In his remarks, Mr Babatunde expressed gratitude to the national council for the opportunity to serve and pledged to ensure the success of the branch, focusing on unity and the professional advancement of stakeholders in the region.

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We Didn’t Recommend Ceding Disputed Oil Wells to States—RMAFC

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RMAFC

By Adedapo Adesanya

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has denied reports that some disputed crude oil and gas wells have been recommended for ceding to specific oil-producing states.

In a statement issued on Sunday, the chairman of the commission, Mr Mohammed Shehu, said the attention of RMAFC had been drawn to a “purported report allegedly issued by the Inter-Agency Committee on the Verification of Coordinates of Disputed Crude Oil and Gas Wells between States,” which was circulating in sections of the national media (excluding Business Post).

The agency described the report as “misleading, premature, and does not represent the position or conclusions of the Commission.”

“At this stage, there is no finalised recommendation or decision regarding the ceding or reallocation of any oil wells, as due institutional processes are still ongoing,” the statement read.

The organisation explained that it operates a clearly defined and transparent procedure in handling assignments of national significance, stressing that the process on the disputed oil wells had not been concluded.

It disclosed that it only received a draft report from the Federal Government’s Inter-Agency Committee on Nigeria’s Oil-Producing States on Friday, February 13, 2026, which reportedly projected Cross River State as an oil-producing state.

The report, covering the nationwide 2017–2025 verification of crude oil and gas coordinates, was presented to the Chairman of RMAFC by 10 of the 14 members of the committee.

The exercise, which ran from August 2025 to February 2026, involved extensive field verification, technical reconciliation of state submissions, and a final plenary plotting of coordinates at RMAFC headquarters between January 24 and 31, 2026.

“Consistent with established protocol, the draft document has been transmitted to relevant technical and statutory stakeholders, namely the Nigerian Upstream Petroleum Regulatory Commission, the National Boundary Commission, and the Office of the Surveyor General of the Federation, for detailed review, observations, and technical input,” the commission stated.

According to the statement, after the observations and recommendations of the agencies are received, the matter will be subjected to further scrutiny by the commission’s internal tripartite committees, comprising the Committee on Crude Oil, Gas and Investment and the Legal Matters Committee.

“These committees will undertake comprehensive technical and legal reviews before presenting their findings to the Plenary Session of RMAFC for deliberation and final recommendations,” it added.

The commission further explained that upon completion of the institutional processes, its final report would be formally transmitted to the President and the Attorney-General of the Federation for necessary consideration and further action in line with applicable laws and constitutional provisions.

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Social Media Platform X Suffers Outages Globally

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X Twitter

By Adedapo Adesanya

Social media platform, X, formerly known as Twitter, suffered an outage globally on Monday as millions of users could not use the service.

The widespread outages have been reported by thousands of users across several countries, including Nigeria, the United States, the United Kingdom, Turkey, and India, among others.

According to data from Downdetector, a website that tracks service disruptions based on user reports, complaints about access to X started to pick up around 1:00 p.m. local time in Nigeria.

The cause of the outage was not immediately clear, and X has not put out any comment, but users told Business Post that the platform is not loading or cannot be reached, and the pattern of complaints suggests the issue is not limited to a single region.

Its developer platform status page stated “all systems are operational” all morning despite the reports.

The outage is the latest to hit internet services. X suffered a similar outage in March 2025, while a Cloudflare service outage caused access problems and downtime for various websites, including X, last November.

Microsoft’s Azure had also faced an issue last year, while disruption at Amazon AWS caused global turmoil among thousands of websites and some of the most popular apps, such as Snapchat and Reddit in October

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