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Minister Ekpo to Speak at Invest in African Energy Forum 2025

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Invest in African Energy

By Adedapo Adesanya

The Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, will speak at the Invest in African Energy (IAE) Forum set to hold in Paris in France this May.

The minster will offer insights into Nigeria’s strategy to leverage its natural gas resources for long-term development.

According to a statement on Friday, as a key decision-maker shaping Nigeria’s gas policies, Mr Ekpo’s participation will provide valuable perspectives on the country’s current gas-focused investment opportunities, relevant regulatory reforms and role within Nigeria’s energy mix.

Nigeria remains one of Africa’s most attractive energy investment destinations and is targeting $10 billion in deepwater gas exploration investments through tax incentives and new policy measures.

“The country is prioritizing gas as a transition fuel, with major developments underway to expand both domestic and export infrastructure, alongside plans to auction undeveloped oil and gas blocks to accelerate exploration and production,” the statement added.

Part of the moves include TotalEnergies’ $500 million Ubeta onshore field development which is set to begin production in 2027 to supply gas to the Nigeria LNG plant. The company is also planning to sanction the $750 million Ima dry gas project this year to further boost LNG supplies.

Other recent milestones include Shell’s sale of its Nigerian onshore subsidiary, signaling a shift toward greater local participation in the sector.

IAE 2025 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers.

Nigeria is also advancing several major pipeline projects to expand its gas sector and strengthen regional energy security and export capacity.

The Nigerian National Petroleum Company (NNPC) Limited is also undertaking a $1.2 billion rehabilitation of the Obiafu-Obrikom-Oben (OB3) gas pipeline to enhance gas supply for power generation and industrial use.

Last month, Nigeria, along with the governments of Algeria and Niger, signed agreements to accelerate the implementation of the Trans-Saharan Gas Pipeline project, which aims to transport Nigerian gas through Niger and Algeria to Europe.

Agreements for the construction of the Nigeria-Morocco gas pipeline, which would connect West African markets to European demand by running along the Atlantic coast through several countries, are also expected to be signed in 2025.

As Nigeria places renewed focus on monetizing its more than 200 trillion cubic feet of proven gas reserves, Mr Ekpo’s participation at IAE 2025 comes at a pivotal moment for the country’s gas industry.

“His participation will offer critical insights into Nigeria’s investment climate, ongoing infrastructure projects and how global stakeholders can engage with local ministries, regulators and the evolving gas market to advance the energy transition while securing energy supplies,” the statement 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.

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SERAP Urges Tinubu to Reverse NBC Directive Over Censorship Fears

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national broadcasting commission NBC

By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to withdraw a recent directive issued by the National Broadcasting Commission (NBC), describing it as a dangerous attempt to impose censorship on the media.

NBC on Friday issued a strong warning to broadcasters over what it described as rising cases of unethical conduct among presenters and programme anchors, warning that violations of the Nigeria Broadcasting Code will attract sanctions ahead of the 2027 general elections.

The commission said it had observed a disturbing decline in professionalism across news, current affairs and political programmes, with some presenters breaching standards of fairness, balance and neutrality.

According to NBC, there has been an increase in cases where anchors present personal opinions as facts, fail to provide equal opportunity for opposing views, and allow the broadcast of inflammatory or divisive content.

In a Sunday statement posted on its official X handle, SERAP called on President Tinubu to direct the Minister of Information, Mohammed Idris, and the NBC to reverse the notice.

According to the statement, Nigerian journalists, including presenters, are allowed to freely carry out their constitutional responsibilities and exercise their fundamental human rights.

“We’ve urged President Bola Tinubu to direct Mr Mohammed Idris Malagi, Minister of Information and National Orientation, and the National Broadcasting Commission (NBC) to immediately withdraw the unlawful ‘Formal Notice’ issued last week by the NBC, which threatens sanctions against broadcast stations and presenters on vague and unjustified grounds, including the expression of ‘personal opinions,’ alleged ‘bullying or intimidation’ of guests, and failure to ‘maintain neutrality.’

“We urged him to direct the Minister of Information and the NBC to immediately abstain from imposing prior censorship on broadcast stations and Nigerian journalists, including presenters, and to allow them to freely carry out their constitutional responsibilities and exercise their fundamental human rights,” the statement said.

It added, “The request followed the notice issued to broadcasters by the NBC on 17 April 2026, alleging a rise in breaches of the 6th Edition of the Nigeria Broadcasting Code in ‘news, current affairs, and political programming’, and threatening that it would ‘enforce strict compliance and impose sanctions for Class B breaches.’

“The NBC’s notice represents a dangerous attempt to impose prior censorship on the media and suppress legitimate journalistic expression.”

SERAP emphasised that journalistic opinion is a protected form of expression, adding that the Nigerian Constitution and international human rights law protect broadcasters and presenters.

“The Nigerian Constitution and international human rights law protect both the absolute right to hold opinions and the qualified right to express ideas of all kinds. Journalistic opinion is a protected expression,” the statement concluded.

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We Did Not Ban Airtime, Data Borrowing Services—FCCPC

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FCCPC

By Aduragbemi Omiyale

The Federal Competition and Consumer Protection Commission (FCCPC) has denied asking telecommunications companies to offer airtime and data lending services to their customers.

In a statement, the FCCPC explained that it only required the telcos to put in place a fairer and more transparent system for such offerings.

According to the agency, the telcos were only mandated to have proper registration, provide responsible lending conduct, clear disclosure of fees and terms, accessible consumer complaint channels, data protection safeguards, stronger accountability for third-party partners, and effective regulatory oversight.

It was stated that these requirements were mandated after “a deluge of consumer complaints bordering on opaque charges, unexplained deductions, aggressive recovery practices, poor disclosure standards, and inadequate accountability in segments of the digital lending and advance-services market.”

“The commission has not prohibited airtime borrowing or data advance services, and no directive was issued preventing consumers from accessing lawful telecom value-added services,” it clarified.

It stressed that the DEON Consumer Lending Regulations were introduced in July 2025 to, among other reasons, “curb the excesses of abusive service providers whose practices had generated persistent consumer harm and undermined confidence in the market.”

“In the telecom sector, our findings indicated that some operators engaged in exclusionary third-party technical arrangements in clear disobedience to the provisions of the Federal Competition and Consumer Protection Act, 2018. The Regulations sought to unlock the market to allow local participants alongside foreign partners, in line with free market principles.

“These measures benefit Nigerians by reducing abusive practices, improving transparency, strengthening consumer choice, and encouraging responsible innovation by legitimate operators,” the statement noted.

“We are aware that some vested interests and their foreign collaborators are opposed to the creation of safe markets and fair competition, therefore resorting to a campaign of disinformation.

“Operators are expected to structure their commercial relationships in a manner consistent with Nigerian law. Commercial arrangements or outsourcing decisions do not displace competition and consumer protection obligations.

“At the commencement of the framework in July 2025, affected operators were granted an initial 90-day compliance period to regularise their products, structures, and operations.

“That opportunity was not utilised within the prescribed timeframe, specifically in the telecom sector. The compliance window was subsequently extended until January 5, 2026, providing additional time for alignment with applicable requirements. Despite that further extension, the necessary compliance steps were still not completed by the relevant operators.

“Notwithstanding clear regulatory requirements, some operators chose to maintain the status quo by failing to register and regularise their services. In doing so, they continued operating monopolistic models that had long generated consumer complaints, including concerns relating to transparency, deductions, charges, and accountability.

“Any temporary suspension, restriction, or operational change introduced by service providers should therefore be understood as a business or compliance decision by those operators, not a ban imposed by the FCCPC.

“It is inaccurate to attribute avoidable disruption to regulation where regulated entities had adequate notice and sufficient opportunity to comply.

“Attempts to misrepresent temporary service inconvenience as the result of lawful consumer regulation are mischievous. Nigerians deserve accurate information, not sensational claims,” the FCCPC said, urging consumers and members of the public to disregard “false and misleading narratives on this issue.”

MTN Nigeria and Airtel Nigeria announced the suspension of their data and airtime borrowing services because of regulatory requirements.

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Nigeria Pushes Bid to Host AU Monetary Institute

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AU Monetary Institute

By Adedapo Adesanya

Nigeria has intensified its bid to host the African Union (AU) African Monetary Institute (AMI), with the Federal Ministry of Finance leading coordinating efforts to secure the institution ahead of its planned 2026 operationalisation.

The renewed push was made on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C., where Nigeria is advancing its case as a credible host for the continental institution central to Africa’s monetary integration agenda.

Speaking through the Permanent Secretary of the Ministry, Mr Raymond Omachi, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, underscored the country’s full political and institutional backing for the initiative. He stated that Nigeria has moved beyond policy commitments to concrete delivery, with the necessary infrastructure and administrative arrangements already in place.

The Nigerian government emphasised that hosting the institute aligns with Nigeria’s broader economic strategy of positioning Abuja as a hub for continental financial coordination.

It noted that the institute represents a critical step toward deeper monetary cooperation, improved macroeconomic convergence, and a more integrated African financial system.

Earlier, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, had reaffirmed Nigeria’s readiness through his representative, the Deputy Governor, Economic Policy, Mr Muhammad Abdullahi.

He indicated that a dedicated office facility has already been secured in Abuja and made available for inspection, reflecting the country’s preparedness to meet host country obligations.

According to the Ministry, Nigeria remains actively engaged with the African Union and is prepared to conclude all required agreements to ensure a seamless take-off of the institute within the stipulated timeline.

The African Monetary Institute, approved in February, is designed to strengthen policy coordination, stabilise exchange rate frameworks, and lay the groundwork for eventual monetary unification across the continent.

On his part, the Chief Economist and Vice President of the African Development Bank (AfDB), Mr Kevin Urama, noted that the institute would strengthen financial stability, improve debt sustainability, and address structural constraints posed by multiple currencies across the continent.

Nigeria hosting the institute would mark the presence of another African-based organisation in Africa’s most populous country, which also plays host to the African Energy Bank.

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