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.

Click to comment

Leave a Reply

Your email address will not be published.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

General

FG, IFDC Sign MoU to Ease Farmers’ Access to Fertiliser

Published

on

Access to Fertiliser

Adedapo Adesanya

The federal government, through the Ministry of Agriculture and Food Security, has signed a Memorandum of Understanding (MoU) with the International Fertiliser Development Centre (IFDC) to improve farmers’ access to fertiliser.

The agreement seeks to address key challenges limiting the productivity of smallholder farmers, particularly fertiliser affordability, accessibility and timely distribution.

Under the partnership, both parties will work to strengthen fertiliser supply systems, expand soil testing and balanced nutrient management, and promote private-sector-led distribution networks across the country.

Speaking at the signing ceremony in Abuja, the permanent secretary of the ministry, Mr Marcus Olaniyi Ogunbiyi, described fertiliser as a critical input for increasing agricultural productivity and ensuring food security.

Mr Ogunbiyi noted that the MoU would support ongoing efforts to improve fertiliser accessibility, strengthen soil fertility management, promote sustainable agricultural practices and increase food production nationwide.

“Fertiliser remains indispensable for increasing crop yields and improving farm productivity across the agricultural value chain. A farmer may appreciate access to machinery, tools, or financial services; however, the availability and affordability of fertiliser often determine the success or failure of a farming season,” he said.

He said the Memorandum of Understanding will support efforts to improve fertiliser accessibility, strengthen soil fertility management, promote sustainable agricultural practices, and enhance food production nationwide.

He called on IFDC and other stakeholders to maximise the opportunities provided by the partnership to develop impactful programmes capable of boosting agricultural productivity and improving rural livelihoods.

Responding on behalf of IFDC, the organisation’s Executive Director, Mr Ben Lenkcher, pledged continued technical and logistical support to Nigerian farmers in line with the federal government’s agricultural transformation agenda.

Mr Lenkcher said IFDC remains committed to improving fertiliser accessibility, availability and affordability across Nigeria, noting that the partnership would contribute significantly to strengthening the agricultural ecosystem and enhancing food production to meet the needs of the country’s growing population.

Continue Reading

General

Arridex Plans Mega Industrial Additive Manufacturing Plant in 2027

Published

on

Arridex

By Aduragbemi Omiyale

Plans are underway by Arridex to commission a mega industrial additive manufacturing facility in the first quarter of 2027.

The chief executive of the organisation, Mr Kayode Adeleke, disclosed this at the commissioning of the company’s omnifactory in Lagos some days ago by Governor Babajide Sanwo-Olu of Lagos State.

The new plant is the first multi-technology industrial additive manufacturing facility in West Africa.

The Arridex Omnifactory integrates multiple additive manufacturing technologies under a single roof, including Laser Powder Bed Fusion (L-PBF), Cold Spray, Fused Filament Fabrication (FFF), and Selective Laser Sintering (SLS), enabling on-demand production of industrial components, spares, and improved part designs for critical industries. Its large-format capabilities extend to full-size marine components and other large-scale industrial structures.

The Omnifactory’s commissioning is the point at which two decades of accumulated capability become infrastructure. Arridex began operations in 2005 as an asset integrity practice in Nigeria’s oil and gas sector and grew sector by sector into maritime, defence, construction, technology, and aerospace. The organisation has recorded zero lost-time incidents across more than seven million man-hours of operations.

For Nigeria and West Africa, the Arridex Omnifactory addresses a structural dependency that has long affected operational continuity across critical industries. Asset owners managing ageing infrastructure have routinely contended with extended procurement lead times, supply chains spanning multiple jurisdictions, and the increasing obsolescence of legacy parts whose original manufacturers may no longer exist. The Omnifactory manufactures those components on demand in Lagos.

Arridex holds Pioneer Status in additive manufacturing, granted by the Nigerian Investment Promotion Commission (NIPC), it is the first company qualified by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for additive manufacturing deployment in the oil and gas sector, and has a joint venture partnership with the Defence Industries Corporation of Nigeria (DICON) for the local production of military-grade additive manufactured components, a set of recognitions that collectively signal the institutional grounding of what the Omnifactory represents.

“We did not set out to build the biggest company, but a resilient one. For over two decades, we have chosen the harder path, and that is to make in Africa what others import, to meet global standards without exception, and to put purpose before profit.

“The Arridex Omnifactory is where that conviction becomes infrastructure. The name on the door is new, but the work behind it is not. We are not stopping here. By the first quarter of 2027, we will commission the Arridex Mega Omnifactory, which will stand among the largest single-site industrial additive manufacturing facilities in the world. The next chapter of global manufacturing can be written from Lagos. We are building it,” Mr Adeleke commented.

On his part, Mr Sanwo-Olu lauded the firm for its “vision and commitment to building solutions that serve not only Nigeria but the wider African continent.”

“Lagos will continue to support investments that create opportunities, grow local capacity and position our state as a hub for innovation and industry,” he assured.

Continue Reading

General

NMDPRA, NEITI Deepen Partnership on Data Transparency, Regulatory Reforms

Published

on

NMDPRA fee regulations

By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigeria Extractive Industries Transparency Initiative (NEITI) have strengthened collaboration on data transparency, accountability and regulatory reforms in Nigeria’s petroleum sector.

The commitment was made during a visit by a NEITI delegation led by its Executive Secretary, Mr Musa Sarkin Adar, to the headquarters of NMDPRA, where discussions focused on enhancing data management, technology-driven regulation and transparency across the midstream and downstream segments of the oil and gas industry.

Speaking during the meeting, the chief executive of NMDPRA, Mr Rabiu Abdullahi Umar, said the Authority is implementing key reforms aimed at improving regulatory efficiency and ensuring the integrity of industry data.

According to him, two major initiatives, Project NEXUS and Project 365, are central to the authority’s reform agenda.

He explained that “Project NEXUS is designed to transform the implementation of the Petroleum Industry Act, PIA, while Project 365 is focused on automating the Authority’s processes and services.”

Mr Umar stressed that accurate and reliable data remain critical to effective regulation, policy formulation and decision-making in the petroleum sector.

“Reliable data remains critical to effective regulation and policy formulation,” he said, adding that NMDPRA is leveraging technology to improve product tracking across the petroleum value chain and enhance operational transparency.

The NMDPRA boss further reaffirmed the Authority’s commitment to working closely with NEITI, noting that stronger collaboration would support efforts to deepen transparency and accountability in the industry.

In his remarks, NEITI Executive Secretary, Mr Musa Sarkin Adar, sought NMDPRA’s support in providing critical industry data and information required for the agency’s forthcoming reports.

Mr Adar specifically requested information relating to refinery operations as well as beneficial ownership in the midstream and downstream petroleum sectors, areas that have increasingly become key components of transparency reporting in the extractive industry.

He also invited NMDPRA to participate in NEITI’s exhibition at the 2026 Extractive Industries Transparency Initiative (EITI) Global Conference scheduled to be held on October 8 and 9, 2026, in Brussels, Belgium.

The meeting also featured contributions from NMDPRA’s Executive Director, Hydrocarbon Processing Plants, Installations and Transportation Infrastructure, HPPITI, Mr.= Francis Ogaree, and Executive Director, Economic Regulation and Strategic Planning, ER&SP, Mrs Zainab Gobir.

Continue Reading

Trending