General
CSOs Allege Fresh Plot by Oil Crooks to Blackmail, Smear Kyari
A coalition of Civil Society Organizations (CSOs) on Sunday said it had uncovered a fresh plot by embittered oil thieves to blackmail, smear and tarnish the image of the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari.
The CSOs, consisting of 42 different organizations, said the move by the oil thieves, whose businesses have been truncated by the recent stoppage of payment for fuel subsidy by the Federal Government and the total war declared by the Kyari-led NNPCL against oil theft and pipeline vandals, is to disinform and set Nigerians against the national oil company and its top officials under false pretext of fighting for public interest over the temporary pain being experienced as a result of the subsidy removal.
A statement signed by Abubakar Ibrahim, convener; Bashir Faisal, Comrade Rafiu Shaibu, co-conveners of the 42 CSOs, noted that having failed in its several bids to malign him, it has now engaged some faceless, fictitious and unknown groups to gather in the streets and cause public disturbance in the name of protest calling for the removal of NNPCL GCEO.
While calling on security agencies to beam their searchlights on these groups and their sponsors, their CSOs urged Nigerians to ignore the noisemakers who are playing the cards of their corrupt, fraudulent oil crooks who have milked Nigeria dry for their personal gains.
Part of the statement reads: “Nigerians will recall that first, these corrupt oil marketers and crooks sponsored fake news on social media in June that the President, Bola Ahmed Tinubu, had sacked the hardworking GCEO of the NNPCL, Mallam Mele Kyari.
This narrative, however, “didn’t fly as officials at the Presidency later debunked it as fake news.
“Defeated in their desperate bid to nail Kyari, this set of characters finally came out in human form.
“They soon issued a statement signed by a controversial and failed politician who is a member of the All Progressives Congress (APC) hobnobbing with PDP politicians, calling on the Tinubu administration to arrest Kyari and heads of other agencies of the Federal Government under the Buhari administration.
Days after this drama, several unknown and faceless groups flocked to the internet clamouring for Kyari’s removal.
“Not done, another self-acclaimed political activist joined the fray, and as expected, nothing changed.
“Not desirous of backing down on their ill-fated venture, they have now contracted a faceless and unknown group to mobilise innocent Nigerians to the street with a paltry sum to achieve their motives.
“It’s however interesting that Kyari’s sins are his stance and fight against some sudden oil billionaires who are milking the country’s resources with the continuous payment of fuel subsidy by the federal government and also through crude oil theft.
“We understand their frustration and pains, but they should know that it’s no longer business as usual. They can no longer divert our commonwealth. Rather, these resources shall be used to create more jobs and make Nigeria better.
“They can no longer divert and smuggle petroleum products to neighbouring countries where they sell at higher rates and thus make more profit even after collecting subsidy money from the Nigerian government.
“The era of some persons feeding fat on our common wealth is gone. We don’t have any other country; Nigeria is our own, and we must join hands together to make work.
“Therefore, the incessant attack and vituperation against the NNPCL and its GCEO cannot stop the good works he (Kyari) is doing.
“It’s laughable that they are calling for the removal of a man who has restored the glory of the national oil company. A man who brought transparency, accountability, performance and excellence into the company by returning the NNPC to a profit-making entity after several years of operating at a loss.
“Unfortunately, Nigerians are wiser. They know your games, but they have failed even before they were hatched.
“Since Kyari assumed office even as the group managing director of the defunct NNPC, he has operated a very transparent system.
“Several times, he has made open the books of the oil company for public scrutiny.
“Nigerians should also know that for the first time in over 40 years of its existence, the NNPCL under Kyari is beginning to win the war against corruption in the system, pipeline vandalism and oil theft, which has led to a major increase in daily oil production, reaching 1.6 million barrels per day.
“Nations and investors all over the world are beginning to win the confidence of the NNPCL courtesy of the great innovations introduced into the system by Kyari.
“We further use this medium to call on the security to investigate these faceless groups and their sponsors who are bent on killing the nations with lies and hatred in their bid to loot the economy,” the group noted.
By Adedapo Adesanya
The Nigeria–China Strategic Partnership (NCSP) recently hosted a high-level delegation from Newryton International Industrial Development Company Limited, a leading Chinese investment and industrial development consortium, to advance discussions on deepening bilateral trade, industrial cooperation, and development financing between both countries.
The Newryton delegation, led by Mr David Chen, Assistant Secretary-General of the China Hainan Investment Council, had earlier engaged with the Nigerian Association of Commerce, Industry, Mines and Agriculture (NACCIMA). They were accompanied to the NCSP by Mr Joe Onyuike, Vice-Chairman of NACCIMA’s Agriculture and Livestock Trade Group, who conveyed NACCIMA’s support for the delegation’s engagements.
Discussions centered on the establishment of a Nigeria–China Trade and Investment Platform, including a proposed Promotion Centre in China to support Nigerian products, investors, and state governments.
The consortium also presented opportunities within Hainan Province’s Free Trade Port (FTP), which offers preferential policies that Nigerian businesses can leverage to expand exports and attract new investments.
In his address on behalf of Newryton, Mr Pong outlined plans to collaborate with NCSP in accessing FOCAC-supported financing for strategic investments in agriculture, energy, mining, solid minerals processing, and related sectors. The delegation identified aquaculture as a key area of interest and referenced the forthcoming Global Aquaculture Conference in Hainan Province, encouraging Nigerian stakeholders to participate.
They also expressed readiness to strengthen cooperation in vocational training and employment under the Belt and Road Initiative (BRI).
Welcoming the delegation on behalf of the Director-General, Martins Olajide, NCSP’s Head of Internal Operations, reaffirmed the organisation’s commitment to fostering mutually beneficial partnerships.
He highlighted NCSP’s strong interest in the proposed Nigeria–China Trade and Investment Platform and the development of the Nigerian Oil Palm Industrial Park as a flagship demonstration project.
Also speaking at the meeting, Ms Judy Melifonwu, NCSP’s Head of International Relations, underscored the opportunities presented by China’s zero-tariff policy and the forthcoming NAQS–GACC protocol on the export of Nigerian aquaculture products. She noted that these frameworks would significantly enhance Nigeria’s competitiveness in emerging global markets.
Both parties expressed commitment to advancing discussions toward a structured cooperation framework covering all priority areas.
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
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