Connect with us

General

BUA Debunks Claims of 90% Completion of Refinery in Akwa Ibom

Published

on

BUA Pasta Processing Plant

By Adedapo Adesanya

BUA Group has denied widespread reports that its ongoing construction of a 200,000 barrels per day capacity refinery located in Akwa Ibom State is 90 per cent completed.

In a statement signed on Sunday, the group with subsidiaries in food, cement, and energy sectors said that the claims that the structure was at end stage did not come from it.

“Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90% completion, BUA wishes to advise the public to disregard such misleading reports that did not emanate from us,” a part of the statement read.

It clarified that the project was progressing well and added that it was going to meet the project timeline of 2025.

“As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily.

“Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners.

“This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security,” the group said.

BUA is also carrying out other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country, which it said are also progressing rapidly.

The group says this will add additional capacity to our over 1,000MW installed captive power generation capacity.

“The public is advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons,” the statement said.

“At BUA, we remain committed to transparency and excellence. As we have consistently done with over 12 of our completed mega industrial projects worth over $ 3.5 billion in the past 10 years, we will continue to keep you updated with verifiable and accurate information only where necessary, and as milestones are achieved.

“We appreciate the public’s interest and enthusiasm for this transformative project as we work together in building a stronger industrial and manufacturing base for a self-reliant Nigeria,” it added.

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.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

FG Declares Friday, Monday Public Holidays for Easter

Published

on

Easter cross sin

By Adedapo Adesanya

The federal government has declared Friday, April 3, and Monday, April 6, 2026, as public holidays to mark this year’s Easter celebration.

April 3 is Good Friday, while April 6 is Easter Monday.

The Minister of Interior, Mr Olubunmi Tunji-Ojo, in a statement on Wednesday, congratulated Christians in Nigeria and the diaspora on the occasion.

Mr Tunji-Ojo urged Nigerians to reflect on the virtues associated with the season, saying, “I congratulate all Christians in Nigeria and in the diaspora on the joyous occasion of Easter. I urge Nigerians to imbibe the virtues of selflessness, forgiveness, forbearance and love as exemplified by the life and teachings of Jesus Christ.”

He further called for unity among citizens, stressing the importance of peaceful coexistence.

“Easter is a period that reminds us of the values of tolerance and community that keep us together as a nation. Nigerians should remain committed to these ideals for the progress of our country,” the minister said.

Mr Tunji-Ojo also reiterated the federal government’s commitment to policies aimed at national development.

“The goal of the government remains taking decisions that would bring about national rebirth, economic growth, and shared prosperity for all Nigerians,” he added.

The minister wished Christians a peaceful and joyous Easter celebration.

Continue Reading

General

Adelabu Refutes Resignation Claims, Affirms Oyo Governorship Ambition

Published

on

Adebayo Adelabu

By Adedapo Adesanya

The Minister of Power, Mr Adebayo Adelabu, has denied rumours of his resignation circulating on social media following the expiration of a March 31 deadline.

According to reports by Channels Television, Mr Adelabu noted that the letter in circulation was fake as he had written such a letter.

However, he affirmed his interest in running for the Oyo State governorship race in 2027, adding that he would act at the appropriate time.

Mr Adelabu, reacting to the need for clarity about the said letter and his ambition on the platform of the All Progressives Congress (APC), said, “Of course, yes, I am very much in the race.

“But I will act at the appropriate time, and you will be duly informed, but will be with the consent of Mr President.

“For now, I’m committed to my present assignment. It’s still about service, whether national or sub-national,” he told the broadcaster.

President Bola Tinubu had directed all political appointees in his administration who intend to contest elective positions in the 2027 elections to resign from their posts on or before March 31.

He hinged his decision on Section 88(1) of the Electoral Act 2026 and the timetable released by the Independent National Electoral Commission (INEC) for party primaries ahead of the 2027 polls.

Only three of President Tinubu’s cabinet members stepped away from office to pursue their ambition. First among these was the Minister of Foreign Affairs, Mr Yusuf Tuggar, he prepares to seek the APC ticket to be the next governor of Bauchi State.

Mr Tuggar, who confirmed his resignation later on Monday, said his resignation letter was formally submitted to the president earlier that day through the Office of the Secretary of Government in Abuja.

Also, the Minister of Transportation, Said Ahmed Alkali, resigned to pursue his ambition of contesting the 2027 governorship election in Gombe State.

“The President has accepted the resignation and thanked the minister for his dedicated service to the nation,” his media aide said in the statement on Tuesday.

Similarly, the Minister of State for Humanitarian Affairs and Poverty Reduction, Mr Yusuf Sununu, also resigned to contest a senatorial seat in Kebbi State.

Mr Sununu, who assumed office in the humanitarian ministry in November 2024 after serving as Minister of State for Education, said his deployment was aimed at restoring the ministry’s image before deciding to pursue legislative office.

Also, the Chairman of the Governing Board of the Federal Mortgage Bank of Nigeria (FMBN), Mr Nasiru Gawuna, resigned from his position and defected to the African Democratic Congress (ADC).

Continue Reading

General

NERC Seeks Coordination, Harmonisation to Bridge Metering Gap

Published

on

four million prepaid meters

By Adedapo Adesanya

The Nigerian Electricity Regulatory Commission (NERC) has called for enhanced stakeholder coordination to rapidly expand electricity meter installations and narrow Nigeria’s persistent metering gap.

This push emerged from the NESI Metering Stakeholders’ Meeting held in Lagos on March 27, 2026, where regulators, industry players, and international partners converged to tackle rollout bottlenecks.

According to a post on NERC’s X handle, key attendees included representatives from the World Bank, Meristem, Nigerian Communications Commission (NCC), NEMSA, Distribution Companies (DisCos), and Meter Asset Providers (MAPs).

NERC highlighted a strategic pivot from merely financing metering initiatives to fostering seamless collaboration.

With four separate metering programmes currently underway, the commission stressed the urgency of aligning efforts to avoid duplication and accelerate deployment.

“Greater synergy among DisCos, meter providers, and other stakeholders is essential to ramp up installations,” a NERC spokesperson noted. This coordinated approach aims to deliver accurate billing, eradicate estimated charges that frustrate consumers, and boost overall market efficiency.

The meeting also underscored the need for a unified communication strategy to heighten public awareness and encourage consumer uptake, as part of NERC’s broader drive for transparency in Nigeria’s electricity sector.

Nigeria currently operates four parallel metering programmes aimed at closing the country’s metering gap and improving efficiency across the power sector. These include the World Bank–funded Nigeria Distribution Sector Recovery Programme (DISREP), which targets about 3.2 million end-user meters, and the Federation-funded initiative designed to deliver roughly 3.8 million meters alongside about 130,000 distribution transformer (DT) meters.

Also in operation are the DisCo-funded Meter Acquisition Fund (MAF), which provides around 125,000 meters to fill coverage gaps, and the Advanced Metering Infrastructure (AMI), a technology-driven framework focused on smart metering, improved billing accuracy, and enhanced grid management. The Nigerian Electricity Regulatory Commission (NERC) is now working to harmonise these initiatives to prevent duplication and accelerate metering deployment nationwide.

Continue Reading

Trending