General
Nigeria Aims to Become Self-Sufficiency in Energy by 2026
By Adedapo Adesanya
The Federal Government of Nigeria has reiterated its commitment to achieving self-sufficiency in energy by 2026 and becoming a net exporter of energy resources.
Mr Bala Wunti, Group General Manager, National Petroleum Investment Services (NAPIMS), said this at the 2022 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) on Tuesday in Lagos.
He said though the government has pledged to achieve net zero carbon emission by 2060, its priority remains to reduce energy poverty in the country with its abundant hydrocarbon resources.
Speaking during a panel session on Sustainable Energy Transition Strategy: The Role of Legislative Frameworks and Investment Programmes, he said the government’s target was to attain zero dependence on imported energy, both primary and secondary, as well as to become a net exporter of secondary energy resources by 2026.
Mr Wunti said the plan was to provide access to energy to 100 per cent of the population through the gas to power initiative which would spur industrialisation and economic growth.
He, however, maintained that this could only be achieved through effective legislative frameworks and investment programmes needed to maximise the opportunities in the oil and gas sector.
Mr Wunti said there was a need to create a platform where market investment and financing come together with regard to the delivery of energy in a more sustainable manner.
He noted that unfortunately, the industry had witnessed a decline in investments in recent years which had plunged the world into the global energy crisis.
According to him, available statistics from the Organisation of the Petroleum Exporting Countries (OPEC) show that the world requires $11.8 trillion to meet its energy needs.
Mr Wunti said the current global energy crisis was due to energy imbalance with supply falling short of demand which had driven the price of energy resources upward.
Also, Mr Austin Avuru, Chairman, AA Holdings Ltd., said Africa must design homegrown solutions to the divestment of assets by International Oil Companies across the continent.
Mr Avuru said the move was largely responsible for Nigeria being unable to meet its OPEC quota, adding that there was a need to grow indigenous companies to fill the void created by the divestment of the IOCs.
He said the way forward was for the companies to get access to funding from within the continent for oil and gas exploration.
Mr Avuru also called for the deployment of technologies, production of more natural gas, and encouragement of tree planting to achieve decarbonisation while maximising the continent’s abundant oil and gas resources.
Earlier in his remarks, Professor Olalekan Olafuyi, Chairman, SPE Nigeria Council, decried the lack of access to energy by many Africans.
Prof. Olafuyi said building a sustainable energy sector was fundamental for the African continent to power sustainable industrialisation and trade.
He said this underpins the African Continental Free Trade Area (AfCFTA) plan and thus highlights further the need for regional integration to solve Africa’s energy and climate challenges.
“Ramping up sustainable energy generation capacity by 2030 according to the African Development Bank’s (AfDB) New Deal on Energy for Africa requires a minimum of $44 billion of annual financing.
“Maintaining and extending the pace of progress will thus require strong political commitment and sound governance, long-term energy planning, adequate political and fiscal incentives as well as public and private financing,” he said.
General
MOFI, Niger State to Drive Scalable Inclusive Growth Framework
By Adedapo Adesanya
The Ministry of Finance Incorporated (MOFI) and the Niger State Government have signed a landmark Memorandum of Understanding (MoU) to pilot the Sustainable Integrated Productive Communities (SIPC) programme and enterprise development into a single, scalable framework for inclusive growth.
The MoU was signed at the Federal Ministry of Finance, Abuja.
Speaking at the ceremony, the Minister of State for Finance, Mrs Doris Uzoka-Anite, described the agreement as a moment of delivery rather than a ceremonial exercise, noting that the SIPC Programme demonstrates how national priorities can be translated into tangible outcomes through strong federal-state collaboration.
“This partnership reflects our belief that development works best when housing, agriculture, finance, and governance move together. By anchoring farmers in secure, well-planned communities, we are not just building houses. We are strengthening livelihoods, food security, and long-term prosperity,” she said.
Under the programme, Niger State will host the pilot phase of integrated farming and housing estates designed to provide farmers with secure settlements located close to agricultural production zones, storage, processing facilities, and markets.
The model directly addresses long-standing challenges such as insecure rural settlements, rural-urban migration, post-harvest losses, and limited youth participation in agriculture.
On his part, Mr Mohammed Umaru Bago, Executive Governor of Niger State, reaffirmed the state’s commitment to the initiative, highlighting the availability of extensive arable land, water resources and supporting infrastructure.
He emphasized that the programme would also contribute to improved security, climate resilience, and the orderly development of rural communities while creating viable economic opportunities for farming households.
The SIPC Programme adopts an innovative financing structure that blends public land and assets with private investment, allowing the government to focus on policy, coordination, and oversight while leveraging private-sector efficiency and scale. MOFI’s role is central to this approach, ensuring transparency, sustainability, and shared risk across partners.
Key federal agencies participating in the initiative include Family Homes Funds Limited, the Rural Electrification Agency, and Niger Foods Limited, each contributing sector-specific expertise spanning affordable housing delivery, renewable energy solutions and agricultural value chain development. Renewable energy, particularly solar-powered community infrastructure and mini-grids, will underpin agro-processing, storage, and household energy needs, reducing costs and enhancing productivity.
Beyond agriculture, the programme is expected to stimulate broad-based economic activity through construction, logistics, agro-processing and community services, creating jobs for engineers, artisans, builders and suppliers, while supporting local industries such as cement, steel and transportation.
The settlements are explicitly designed to be affordable and functional, with transparent allocation mechanisms and governance structures to ensure access for farmers and low – to middle-income earners.
The signing of the MoU sends a clear signal to developers, financial institutions, pension funds, agribusiness investors and development partners that Niger State, working in alignment with the Federal Ministry of Finance and MOFI, is open to credible, impact-driven investment. The SIPC framework is intended to serve as a replicable national model for integrated rural and peri-urban development.
The Federal Ministry of Finance also reaffirmed its commitment to ensuring that the agreement moves swiftly from signing to execution, with close coordination among all stakeholders to deliver measurable outcomes on housing, food security, employment and inclusive economic growth.
General
US Suspends Immigrants Visa for Nigerians, 74 Others
By Adedapo Adesanya
Nigeria is among 75 countries the US government will suspend the processing of immigrant visas for its citizens.
According to the US State Department, the citizens of the 75 countries are those whose nationals are deemed likely to require public assistance while living in the United States.
The State Department, led by Secretary Marco Rubio, said it had instructed consular officers to halt immigrant visa applications from the countries affected in accordance with a broader order issued in November that tightened rules around potential immigrants who might become “public charges” in the US.
Business Post gathered that alongside Nigeria are Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan, Bosnia, Brazil, Burma, Cambodia, Cameroon, Cape Verde, Colombia, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, and Dominica.
Others include Egypt, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iran, Iraq, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Macedonia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Nicaragua, Pakistan, Republic of the Congo, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tanzania, Thailand, Togo, Tunisia, Uganda, Uruguay, Uzbekistan, and Yemen.
The suspension, which will begin on January 21, will not apply to applicants seeking non-immigrant visas, or temporary tourist or business visas.
“The Trump administration is bringing an end to the abuse of America’s immigration system by those who would extract wealth from the American people,” the department said in a statement.
“Immigrant visa processing from these 75 countries will be paused while the State Department reassess immigration processing procedures to prevent the entry of foreign nationals who would take welfare and public benefits.”
President Donald Trump’s administration has already severely restricted immigrant and non-immigrant visa processing for citizens of dozens of countries, many of them in Africa.
General
Nigeria Hires $9m American Lobby Firm to Counter Christian Genocide Claims
By Adedapo Adesanya
Nigeria has reportedly engaged the services of a Washington-based lobbying firm, DCI Group, in a $9 million contract aimed at communicating its efforts to protect Christians in Nigeria to the United States government.
According to The Africa Report, the amount appears to be a record for African lobbying in the US capital, citing documents filed with the US Department of Justice by Aster Legal, a Kaduna-based law firm, acting on behalf of National Security Adviser (NSA), Mr Nuhu Ribadu.
The agreement, signed on December 17, 2025, between Mr Oyetunji Olalekan Teslim, Managing Partner of Aster Legal, and Mr Justin Peterson, Managing Member of DCI Group, authorises the US firm to assist the Nigerian government “in communicating its actions to protect Nigerian Christian communities and maintaining US support in countering West African jihadist groups and other destabilizing elements.”
Under the terms of the contract, DCI Group will receive $750,000 monthly, amounting to $9 million over 12 months. The deal runs initially for six months, until June 30, 2026, with an automatic renewal clause for another six-month period.
A clause in the agreement also allowed either party to terminate the deal “for any reason without penalty” by giving 60 days’ advance written notice.
It was reported that on December 12, 2025, Nigeria paid DCI Group 50 per cent or $4.5 million prepayment covering the first six months of the retainership agreement. A second installment is due at the end of the initial contract period.
This comes amid recent threats by US President Donald Trump to invade the country after its redesignation of Nigeria as a “country of particular concern,” citing alleged attacks against Christian communities. However, the Nigerian government has repeatedly denied claims of a Christian genocide, insisting that violence in the country affects all regardless of their affiliations.
Following an engagement late last year, the federal government pledged to “engage with the American government through diplomatic and legal channels” to address the allegations. Since late November, the US has been conducting intelligence-gathering flights over large parts of Nigeria.
On Christmas Day, the US military launched airstrikes against Islamic State (IS) terrorist enclaves in Bauni Forest, Tangaza Local Government Area of Sokoto State, marking a significant escalation in US counterterrorism involvement in Nigeria.
On Tuesday, the US delivered critical military supplies to Nigeria to bolster the country’s operations, the US military’s Africa Command (AFRICOM) said.
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