General
Nigeria Targets 54% LPG, 20% Electric Stove Usage in Six Years
By Adedapo Adesanya
Nigeria has set to target of 54 per cent Liquified Petroleum Gas (LPG) usage and 20 per cent electric stove usage by 2030, according to the National Clean Cooking Policy.
The policy which already has been approved by the Federal Executive Council (FEC) aims to reduce greenhouse gas emissions, improve health, create jobs, and protect the environment.
According to the Minister of Environment, Mr Balarabe Abbas Lawal, the policy seeks to increase LPG usage from its current levels to 54 per cent of the total clean cooking energy mix by 2030, as part of the country’s efforts to transition to a cleaner and more sustainable energy future.
Mr Lawal also said the policy also targets 13 per cent fuel-efficient biomass cookstove usage, 5 per cent representing briquettes from mostly agricultural waste and 3 per cent biogas usage by 2030.
The Minister noted that the policy aligns with Nigeria’s Nationally Determined Contribution target, net-zero 2060, Energy Transition Plan, and carbon-neutral clean cooking future.
He said the implementation of the policy is expected to create approximately 10 million direct employment opportunities for youths, ranging from assembling local raw materials to the production and distribution of clean cookstoves.
According to him, the Ministry of Environment has already begun engaging with local cookstove manufacturers and development partners like the World Bank to achieve the set targets.
He said, “The full implementation of the National Clean Cooking Policy of Nigeria will attract about 10 million direct jobs among youths ranging from the assembling of local raw materials to production and chains of distribution of clean cookstoves in addition to the carbon credit earning which the development of national carbon market framework is in process.
“The National Clean Cooking Policy in Nigeria approved by the Federal Executive Council, FEC, is to mitigate greenhouse gas emission, improve health, create jobs, build livelihoods, protect the environment, prevent deforestation, help families, institutions and businesses save time and money.
“The full implementation of the policy would also enable Nigerians to achieve the Nationally Determined Contribution target, net zero 2060, Energy Transition Plan, and carbon-neutral clean cooking future by the year 2060 which the country has made commitments.
“In line with the Energy Transition Plan, 20% of the total clean cooking target shall come from electric cooking, comprising grid and off-grid sources, and 54% from Liquified Petroleum Gas. The share of fuel-efficient biomass cookstoves will rise to 13% before its expected decline in a post-2030 clean cooking scenario.
“Other components of the 2030 target include 3% for biogas, representing ethanol, biodiesel, methanol and 5% representing briquettes from mostly agricultural waste,” the document showed.
The minister noted that the policy aligns with the clean cooking targets in the updated NDC (2021), National Climate Change Policy of Nigeria (2021-2030), Climate Change Act (2021, and National Gas Policy (2017).
“The Policy would be implemented by the relevant Federal MDAs and transmitted to the 36 states and FCT, for buy-in and domestication. The policy recognizes the role of states and local governments as well as all stakeholders in achieving its key recommendations, which include; awareness creation, integrated solutions, capacity building, and financing.
“Others include institutional cooking, planning and institutionalization, collaboration, incentives, technologies, and research among others.”
By Adedapo Adesanya
Petralon Energy is on track to boost Nigerian crude production by a further 2,500 barrels per day, following drilling activities at the Dawes Island field.
According to a statement from the Africa Energy Chamber (AEC) on Monday, the company recently completed a new well at the field, aligning with plans to maximize output at the field. Operated by Petralon Energy subsidiary Petralon 54 Limited, the field is situated in Petroleum Prospecting License (PPL) 259.
The milestone comes as Petralon seeks to unlock greater value from Nigeria’s offshore oil resources.
The firm invested $25 million in the drilling program and development initiatives at the field between 2014 and 2022, officially securing a 100% stake in PPL 259 following the implementation of Nigeria’s Petroleum Industry Act in 2021.
The production milestone underscores the instrumental role indigenous operators play in Nigeria, with future drilling activities set to further consolidate Petralon’s position in the country’s upstream sector.
The AEC also disclosed that Petralon is a Platinum Partner of the African Energy Week (AEW): Invest in African Energies conference, taking place September 29 to October 3, 2025, in Cape Town.
Beyond PPL 259 and the Dawes Island field, Petralon is pursuing non-operated interests in Oil Mining License (OML) 127 and OML 130, seeking to unlock new resources and enhance revenue generation.
The company owns a stake in Prime Oil & Gas, which holds an 8 per cent interest in OML 127 and a 16 per cent stake in OML 130.
OML 127 features the Agbami field while OML 130 contains the Akpo, Egina and Preowei fields. Net production from the producing Akpo, Egina and Preowei fields averages 51,000 barrels per day. Both asses are situated in the deep offshore, showcasing gross 2P reserves of 270 million barrels and 638 million barrels, respectively.
Meanwhile, Petralon has also been strengthening its ownership stakes across the African upstream industry. The company holds an indirect equity interest in Prime Oil and Gas, which recently finalized its merger with Africa Oil Corp. Petralon has also emerged with a 4.24 per cent stake in the expanded entity. The transaction aligns with Petralon’s broader intentions to strengthen its presence in Africa.
The newly-expanded entity now operates a strong portfolio that includes deepwater assets in Nigeria alongside ventures in Namibia, South Africa and Equatorial Guinea. With the merger, the expanded entity benefits from a strengthened balance sheet as well as new opportunities for regional growth.
By Adedapo Adesanya
The former governor of Oyo State, Mr Rashidi Adewolu Ladoja, is in line to become the new Olubadan of Ibadanland following the death of the 43rd Olubadan, Oba Owolabi Olakulehin.
It was reported earlier that the former occupier of the throne, Oba Olakulehin, 90, joined his ancestors in the early hours of Monday, July 7, 2025, close to a year after becoming the traditional ruler of the ancient Nigerian city.
The late monarch, who was appointed by Governor Seyi Makinde in July 2024, replaced Oba Moshood Lekan Balogun, also known as Alli Okunmade II, who died in March 2024 following a brief illness.
According to tradition, the Olubadan throne alternates between two ruling lines: Egbe Agba (civil) and Balogun (military).
With the late Olakulehin ascending from the Balogun line, the next monarch is expected from the Egbe Agba line, where Mr Ladoja is currently the most senior High Chief.
Mr Ladoja, a former senator and governor of Oyo State between 2003 and 2007, has steadily climbed the traditional ladder over the years.
In September 2024, Mr Ladoja celebrated his 80th birthday, and in August 2024, he was crowned the Otun Olubadan of Ibadanland.
This put an end to the controversy over his acceptance of the chieftaincy title.
With his exit from the role to become Olubadan, Mr Eddy Oyewole, will become the new Otun Olubadan of Ibadanland, the highest ranked chief in the line.
Meanwhile, Mr Akin Alabi, a lawmaker and entrepreneur, will move from Jagun Olubadan (the entry point in the civil line) to Ajia Olubadan of Ibadanland.
The Association of Advertising Agencies of Nigeria (AAAN) will convene its flagship 52nd Annual General Meeting and Congress from July 17–19 at JAGZ Hotel, Ibadan. This year’s theme, “Charting Bold Paths Forward,” reflects the industry’s shared commitment to embracing innovation, resilience, and transformative leadership in a rapidly changing environment.
The three-day gathering will feature a compelling blend of cultural heritage, strategic dialogue, and professional celebration. The first day will see delegates pay a courtesy visit to Otun Olubadan of Ibadanland, Senator Rasheed Ladoja, a tradition that echoes AAAN’s longstanding respect for host communities and cultural roots.
The official conference will begin on July 18 and will be declared open by Governor Seyi Makinde of Oyo State. He is expected to be joined by dignitaries, including the Minister of Information and National Orientation, Alhaji Mohammed Idris Malagi, and the Minister of Art, Culture, and the Creative Economy, Hannatu Musa Musawa, alongside the Director-General of the Advertising Regulatory Council of Nigeria (ARCON), Dr. Lekan Fadolapo, setting the tone for high-level discourse and coordination.
A centrepiece of the day will be the keynote address from Dr. Cherry Eromosele, Executive Vice President & Group Chief Marketing and Communications Officer at Interswitch Group, followed by a panel discussion chaired by Dr. Tayo Oyedeji, Group CEO of Insight Publicis Group Nigeria.
Confirmed panel speakers include Josiah Akinola of Nigerian Breweries PLC; Bolanle Osotule of Airtel Nigeria; George Onukwu of TBWA\Concept; Oluwatobi Williams of 7even Interactive; and Adedamola Richard‑Salvador of Digisplash Limited
AAAN President Mr. Lanre Adisa noted that this year’s theme is indicative of the AAAN’s readiness to be courageous in embracing innovation and vision.
“This is not the time to tiptoe around the future. Boldness is not a buzzword but the only language the future understands. In a landscape defined by constant change, boldness is not a gamble but a strategic imperative. Those who will lead tomorrow are those willing to question today,” said Adisa.
The final day of the event shifts focus to governance and celebration and will have two segments: Business Session and Gala/Award Night. The highlights of the former include leadership updates and the induction of new members. The latter will see deserving advertising professionals recognized and rewarded while dressed in aso oke regalia.
Founded in 1973, AAAN is Nigeria’s oldest and most influential collective of advertising agencies. Its annual AGM is a pivotal industry tradition, one that consolidates strategic progress, regulatory alignment, cross-sector collaboration, and storytelling that positions the Nigerian advertising industry on a bold, credible future trajectory.
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