General
NUPRC Beats 2024 Revenue Target by 49%
By Adedapo Adesanya
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has exceeded its revenue target by 49 per cent.
According to the regulator, the revenue growth is attributed to its strategic overhaul of Nigeria’s upstream petroleum sector.
Through regulatory reforms, the commission has plugged financial leakages and attracted substantial investments, despite the divestment of some oil and gas assets.
Speaking on the milestone, the Chief Executive Officer of the commission, Mr Gbenga Komolafe, highlighted that the commission is dedicated to achieving more through several ongoing initiatives.
The commission, established under the Petroleum Industry Act (PIA) of 2021, replaced the defunct Department of Petroleum Resources (DPR) and oversees the technical and commercial operations in Nigeria’s upstream petroleum sector.
According to Mr Komolafe, the NUPRC has been able to set certain milestones including the Project One Million Barrels Per Day initiative, bid rounds, and the Drill or Drop mandate, all aimed at revitalising the sector.
In October 2024, NUPRC launched the One Million Barrels Per Day production initiative, aiming to boost Nigeria’s daily crude production to over 2.7 million barrels.
Earlier, in May 2024, the Komolafe spearheaded a bid round for oil blocks at the Offshore Technology Conference in Houston, Texas, attracting major investors like TotalEnergies.
The Drill or Drop initiative, which he tagged as another game-changer, requires oil producers to drill within a specified timeframe or forfeit their license areas.
According to Mr Komolafe, this has significantly enhanced revenue collection and ensured optimal use of oil assets.
He also noted that the commission has also emphasised its commitment to transparency and accountability.
According to Mr Komolafe, the commission operates within the framework of the Federation Accounts, ensuring increased revenue flows into government coffers over the past three years.
Mr Komolafe further stated NUPRC’s role in recovering government revenue through royalties, emphasizing the importance of checks and balances in fulfilling its statutory mandate.
General
Lagos Shuts 619 Worship Centres, Hotels, Others Over Noise Pollution
By Adedapo Adesanya
The Lagos State Environmental Protection Agency (LASEPA) shut down 619 facilities, including worship centres, hotels, and other establishments, for various environmental infractions in 2024.
The General Manager of LASEPA, Mr Babatunde Ajayi, made this known during a review of the year at an event on Tuesday in the commercial capital.
He said noise pollution accounted for 528 of the closures (85 per cent) as the agency intensified its enforcement of environmental laws.
According to LASEPA GM, the agency conducted a record 352 enforcement operations in 2024, tripling the number carried out the previous year. The operations targeted households, hotels, and worship centres under the Environmental Management and Protection Law of 2017.
Mr Ajayi, speaking of the achievement of LASEPA in 2024, said these include the launch of the Lagos State Carbon Registry during the Sustainability Summit in September; the installation of 20 additional air quality monitors to bring the total to 43, and the introduction of energy-efficient kilns for bakeries to reduce air pollution in local communities.
He also highlighted improvements in digitalisation, such as revamped laboratory services and streamlined processes for technical reporting and permit issuance.
Mr Ajayi said the agency would double its advocacy for environmental consciousness in 2025 while focusing on stricter enforcement of existing laws.
He revealed plans to intensify action against noise pollution, enforce anti-smoking regulations by designating smoking and non-smoking zones, and advocate proper waste management through authorised disposal bodies.
The LASEPA boss noted that public complaints would be handled more effectively through an expanded complaints centre and digital channels, adding that academic publications and public awareness campaigns would be increased in the current year.
General
Ikeja Electric to Clamp Down Heavily on Vandals
By Adedapo Adesanya
Nigeria’s leading electricity distribution company, Ikeja Electric Plc, has promised to intensify its fight against vandals, making it one of its core focus for the year.
The energy firm expressed concerns about the rate of vandalism of its installations across the state in the year 2024 which resulted in service disruptions to some of its esteemed customers.
According to Mr Kingsley Okotie, Head of Corporate Communications at Ikeja Electric Plc, this concern was expressed during a stakeholder engagement held recently.
The company highlighted that the rise in vandalism of the company’s assets especially in Epe community and its environs is not only alarming but more worrisome is the fact that law-abiding citizens and legitimate customers are being deprived access to reliable power supply with its attendant impact on the socio-economic activities of businesses and livelihoods.
The spokesman referred to an incident at Ikorodu, precisely on Saturday, September 14, 2024, where its Ariel Bundle Cable (ABC), which is an integral part of the newly introduced Intelligence Data Box (IDB) technology solution for pre-paid meters, was vandalised.
The cable was cut and the insulation of the ABC got damaged, while a new service wire was illegally connected to steal electricity into an apartment in Jubilee Estate, Odogunyan, Ikorodu, Lagos State.
Following a thorough investigation, the Nigerian Security and Civil Defence Corps (NSCDC) arrested and later arraigned Akintola Monsurat Olayinka and Obigbo Moses (the Defendants) at the Federal High Court, Ikoyi, Lagos on December 11, 2024.
The defendants were charged on a two-count charge of conspiracy to commit an offence by unlawfully tampering with, damaging and meddling with an Ariel Bundle Cable, property of Ikeja Electric Plc by cutting it to steal energy and unlawfully tampering, damaging and meddling with Ariel Bundle Cable contrary to Section 3(6) of the Miscellaneous Offences Act Cap M17 Laws of the Federation of Nigeria 2004 and punishable under Section 1 (10) of the Miscellaneous Offences Act, Laws of the Federal Republic of Nigeria 2004, and the case was adjourned to the 28th of January 2025 for trial.
Mr Okotie appealed passionately to members of the public, community groups, traditional institutions and security operatives to deliberately assist Ikeja Electric in the fight against vandalism and energy theft by exposing their hideouts within their respective communities.
He also promised that the company would intensify its efforts to protect its assets, as the vandals’ unchecked activities will continue to cause unpleasant situations of power outages and disruptions of economic activities within the larger society.
“The need to collaborate and partner with security agencies and other critical stakeholders in stemming this unfortunate tide cannot be overemphasized.
“We are losing a lot of resources to these infractions both in replacing the stolen and damaged items and the revenue that would have accrued if the supply wasn’t interrupted.
“We encourage the use of our independent channels of communications that enables the public to report the activities of these vandals and energy thieves, anywhere without compromising the safety of the whistleblower,” he said, reiterating the organisation’s commitment to effective and efficient service delivery in the New Year 2025.
General
NDDC Chairman Consoles Families of Agbor Tanker Fire Victims
By Modupe Gbadeyanka
The Chairman of the board of the Niger Development Commission (NDDC), Mr Chiedu Ebie, has condoled with victims of the tanker fire accident that occurred on Sunday in Agbor, Ika South Local Government Area of Delta State.
The incident claimed the lives of about four persons, with some persons badly injured and properties worth millions of Naira destroyed.
The diesel tanker, which reportedly suffered a brake failure, fell at a traffic light junction and exploded into a ball of fire that burnt four persons to death. Three other persons suffered various degrees of injury in the explosion and the resultant inferno.
In a statement, Mr Ebie condoled with the families of the victims, saying that he was saddened by the occurrence, saying, the damage arising from this ugly development has no doubt worsened the economic hardship of the victims. This is not the best way to begin the year.”
The former Secretary to the Delta State Government called on Agbor residents to be more cautious and informed, urging them to desist from any act that would endanger the lives of others or put their businesses in unfavourable or difficult positions.
While he consoled the entire Ika nation for this tragic occurrence, Mr. Ebie expressed hope that a thorough assessment will be conducted by the Local Government Council to determine the exact extent of the damage and losses caused by the inferno.
He prayed for the peaceful repose of the departed and that God grants their loved ones the fortitude to bear the irreparable loss.
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