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Airtel Chairman Mittal Lauds Tinubu’s India-like Economic Reforms

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Airtel Africa deliberate in promoting education

By Adedapo Adesanya

The Chairman of Airtel Nigeria, Mr Sunil Bharti Mittal, has lauded reforms by President Bola Tinubu, drawing parallels with India’s economic reforms that transformed the economy for future growth.

He made the remarks when he led a delegation to the State House in Abuja on Thursday.

“When you took office, you made some promises. Given the country’s situation, I was unsure how deep and far you could take your commitments.

“I am indeed reminded of 1991, when India was in a similar situation, and we were practically on our knees, having pledged 500,000 tons of gold to the Bank of England, and our vessel in Tokyo had been put up for sale.

“During that time, the Prime Minister and his team took similar reforms to what you are taking now in Nigeria, and India has never seen better times after that.

“The duties went down, the Rupee was floated, and it depreciated significantly. Relicensing happened, and it was the dawn of a new world in India. We just moved forward,” he said.

Mr Mittal said the reforms turned India into one of the largest economies in the world.

“I feel that what you have done here is unprecedented in a challenging time. Only people of resolve and steel can endure this huge pressure, floating the naira, which moved from N450/$1 to about N1,900/$1 and is now coming back to N1,400/$1 to N1,500/$1.

“It has been a remarkable achievement celebrated by the entire world. This was much required, and you delivered on your promises,” the Airtel Chairman told President Tinubu.

He also commended the removal of the petrol subsidy.

“The second one was the removal of subsidy, which was a very tough decision for any politician. It was unpopular and difficult, but you held your position, knowing fully that not doing it would not help the country.

“You have taken a long-term position. It is my belief and hope that you have created a legacy for yourself. Your first term as President will mark a watershed in the development of your country.

“This will be a turning point, and I would like to commend you for having held a firm position and taken the country forward,” he added.

Mr Mittal said more Nigerians should be encouraged to invest in the country, particularly those with huge financial portfolios abroad.

“I have been speaking to people in Nigeria, friends and business people, and they are all now feeling calm, and when they start to get back, they will move very fast. I have experienced this in India,” he stated

On his part, President Tinubu said the telecoms sector’s regulatory framework and operations would be reviewed to reflect global best practices, with a greater focus on protecting infrastructure.

“I am grateful for your openness, readiness, and confidence, which moved us very close to the Prime Minister of India. When he was here, we discussed things at length.

“The entire ecosystem will be further examined, and if there is anything we can copy from India, we are ready to do so. We are prepared to learn. We are not ashamed of copying what is working in other climes.

“It is for the good of all of us, and Nigeria is so critically important that we must give attention to those revolutionary intentions that can make business work. I am pro-business, and I will continue to be that. I can give you that assurance,” he said.

The President noted that the tax reforms will create a more favourable climate for investors.

“We will find a way to work with tax administrators to ensure that whatever we have to do, we will encourage growth and opportunities. We are ready to do that”.

Adding his input, the Minister of Communication, Innovation, and Digital Economy, Mr Bosun Tijani, thanked the President for consistently supporting the telecoms sector’s growth.

Mr Tijani said the approval by the President for the protection of fibre optic and undersea cables as critical national assets would further stimulate growth in the industry, assuring that the Office of the National Security Adviser (NSA) has started implementing and enforcing the law.

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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NUPRC, NNRA Harmonise Processes to Cut Compliance Costs in Oil Sector

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oil and gas sector

By Adedapo Adesanya

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced moves to harmonise regulatory processes with the Nigerian Nuclear Regulatory Authority (NNRA) as part of efforts to strengthen radiological safety in oil and gas operations and reduce the cost of doing business in the upstream petroleum sector.

The initiative emerged from a recent meeting between the Chief Executive of the NUPRC, Mrs Oritsemeyiwa Eyesan, and the Director-General and Chief Executive Officer of the NNRA, Mr Yau Idris, at the commission’s headquarters in Abuja.

According to a statement issued by the Head of Corporate Communications and Media at the NUPRC, Mr Eniola Akinkuotu, on Sunday, the collaboration is expected to address overlapping regulatory requirements, close existing gaps in oversight, and create a more efficient compliance framework for operators in the industry.

The statement read, “The Nigerian Upstream Petroleum Regulatory Commission is partnering with the Nigerian Nuclear Regulatory Authority in order to enforce radiological safety in oil and gas operations and reduce the overall cost of operations.”

The latest partnership comes as the Federal Government intensifies efforts to boost investment in the petroleum sector, increase production, and enhance operational efficiency following the implementation of the Petroleum Industry Act (PIA).

While the NUPRC regulates the technical, commercial, and operational aspects of oil and gas exploration and production, the NNRA is responsible for regulating the possession, use, transportation, and disposal of radioactive materials and radiation-emitting equipment across the country.

Speaking during the meeting, Mrs Eyesan stressed the need for greater collaboration among regulators to eliminate duplication and improve the investment climate in Nigeria’s oil and gas sector.

She noted that excessive regulatory requirements often translate into additional costs for operators, ultimately affecting the competitiveness of the industry.

“The only way we can safeguard investments is to reduce our cost of operations, and when you have a multiplicity of laws, the likelihood is that you will have higher costs because each law normally will come with its own fees and charges,” the NUPRC boss said.

Mrs Eyesan nominated senior officials from the commission who will work closely with the NNRA on the task ahead.

“We have identified critical areas on both sides, and we believe that, as we collaborate, we can close existing gaps,” she said.

On his part, Mr Idris said the cooperation of the NUPRC was crucial because the upstream petroleum industry remains one of the largest users of radioactive sources and radiation-emitting equipment in Nigeria.

According to him, radioactive technologies are widely deployed in well logging, industrial radiography, and nuclear gauging activities that support oil and gas exploration and production.

He explained that the partnership would enable both agencies to share information and simplify compliance procedures for operators.

“The goal is a single-window approach, where both agencies share information rather than requiring operators to submit the same data twice,” he said.

Mr Idris further stated that, since oil and gas extraction often brings Naturally Occurring Radioactive Materials (NORM) to the surface, the NNRA seeks the assistance of the commission to ensure that operators conduct radiological impact assessments as part of their broader Environmental Impact Assessments, while NORM management protocols are incorporated into the NUPRC’s environmental guidelines for the upstream sector.

The two agencies also agreed to deepen collaboration in training, capacity building, and knowledge sharing on radiation protection and safe operational practices.

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Nigerian Army Rescues 360 from Boko Haram Captivity

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army rescue 360

By Adedapo Adesanya

The Nigerian Army on Sunday said the troops of Operation Hadin Kai (OPHK), a joint task force in the North-east, have rescued 360 abducted persons from a Boko Haram camp in the Mandara mountain axis of Gwoza, Borno State.

Recall that Boko Haram insurgents abducted 416 people, including minors, when they invaded Ngoshe in March.

Following the raid, the group released a video filmed inside Ngoshe in which a commander boasted that it would hold the community through Ramadan and observe Eid-el-Fitr prayers at the Ngoshe Central Mosque. It sent a series of other videos in the next couple of weeks after that.

Then, in another video released on April 19, a Boko Haram commander identified as Mallam Abu issued a 72-hour ultimatum demanding a N5 billion ransom and warned against any military rescue attempt.

On May 17, the captives appeared in another video, lamenting their ordeal in the mountainous terrain and pleading for help from government authorities.

In a statement on Sunday, the acting spokesperson for Operation Hadin Kai, Mr Haruna Sani, said the rescue mission was the result of weeks of intelligence gathering, surveillance and operational planning.

According to him, the operation was launched after security agencies received credible intelligence pinpointing the location of the hostages and identifying an insurgent support network sustaining the camp.

He said military intelligence personnel subsequently combined human intelligence, signals intelligence, and surveillance operations using unmanned aerial systems and long-range reconnaissance patrols to map the area, monitor insurgent activities and assess the condition of the captives.

Mr Sani, a lieutenant colonel, said a breakthrough came after intelligence operatives successfully penetrated the terrorist network, providing detailed information on the exact location of the abductees, the disposition of insurgent commanders and planned movement routes.

He added that coordinated information and psychological operations also created confusion within the insurgents’ ranks, weakening their command structure ahead of the assault.

Acting on the intelligence, troops launched a multi-axis operation under the cover of darkness, isolating the objective area and blocking potential escape routes.

“The operation achieved complete tactical surprise, overwhelming the terrorists before an organised response could be mounted,” he said.

The army spokesperson said several insurgents fled into the surrounding mountainous terrain while others surrendered as troops advanced on the enclave.

Following the assault, soldiers secured and evacuated the hostages, who were subjected to medical screening before being moved to safe locations for treatment and humanitarian assistance.

However, Mr Sani disclosed that two infants died from exhaustion caused by the difficult terrain and the harsh conditions they endured during their captivity.

He described the rescue as one of the most significant hostage recovery operations conducted in the North-east in recent times and a major setback for the terrorist group.

Mr Sani said the military high command commended the troops involved in the mission, noting that the success demonstrated the effectiveness of intelligence-led operations and the growing coordination among security agencies.

He added that the high command also assured the public that follow-up clearance operations are ongoing to track down fleeing insurgents, dismantle remaining support networks and prevent future abductions in the region.

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Adelabu’s Sister, Twin Nephews Regain Freedom as Police Kill Kidnappers

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Mrs. Olaide Busayo Adegoke John-Paul

By Dipo Olowookere

The younger sister of the former Minister of Power, Mr Adebayo Adelabu, Mrs Olaide Busayo Adegoke John-Paul, has been rescued by officials of the Nigeria Police Force (NPF).

The woman was freed from her kidnappers along with her twin sons, Peter and Paul, on Saturday evening.

They were abducted on Wednesday morning while the former employee of the Central Bank of Nigeria (CBN) was taking her children to school in Ibadan, Oyo State.

The unfortunate incident reportedly occurred at about 7:30 am on June 3, 2026, throwing residents of the area into panic. The 43-year-old mother was taken from her vehicle by the gunmen and driven away with her 12-year-old twin sons.

This evening, in an operation by security operatives, the victims were rescued, while two of the suspected kidnappers were fatally shot in a gun duel, and two firearms were recovered from the gang.

The police are now combing the area where the rescue operation took place to apprehend some of the fleeing kidnappers, who are believed to have escaped with gunshot wounds.

The news of the rescue of the kidnapped victims has thrown the family of the former Minister into a frenzy.

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