General
PENGASSAN Laments Effect of Recent Policies on Nigerian Oil, Gas Operations
By Adedapo Adesanya
The Petroleum and Natural Gas Senior Association of Nigeria (PENGASSAN) has expressed worry over the impact of the recent policy directions of the Bola Tinubu-led government on Nigeria’s oil and gas operations.
The President of the association, Mr Festus Osifo, stated this on Wednesday in Abuja at the 2024 PENGASSAN Energy and Labour Summit (PEALS 2024) themed The Future of Nigeria’s Oil and Gas Industry: Energy Mix, Energy Security, Artificial Intelligence, Divestment, and Crude Oil Theft.
“Recent policy directions by the government have placed untold hardship on Nigerians.
“Chief among them is the flotation cum devaluation of the Naira, which saw our currency slide from N450 officially in May 2023 to the current exchange rate of about 1600 Naira.
“This is the reason why the landing price of PMS today is over N1,000 (reintroduction of subsidy), the reason why AGO is selling for over N1,300 and the reason why all Imported commodities are over the roof today.
“The overarching impact of these on Nigerians can only be imagined rather than experienced,’’ he said.
Mr Osifo said the floating of the Naira in the official market had exacerbated the challenges faced by their members.
He also said PENGASSAN is committed not to relent until victory is achieved in the fight against crude oil theft.
“The scourge of crude oil theft poses a significant threat to our industry, economy, and national integrity.
“As an Association, we have mounted the rostrum over time, both on the streets and in the boardroom, to champion this cause, and we will not relent until victory is certain.
“We are steadfast in our resolve to continuously partner with other stakeholders in the industry to combat this menace through enhanced security measures, technological innovations, community engagement, and collaboration with law enforcement agencies,’’ he said.
Mr Osifo warned that Nigeria stood at a crossroads, especially in the oil and gas sector, and the actions and decisions of the association must be geared toward rescuing the country.
He said the summit would design a framework for a policy trust for the government towards shaping the economic outlook of the country.
“It is incumbent upon us to drive positive change, foster economic growth, and ensure our people’s prosperity.
He, therefore, called on industry players to explore innovative solutions to forestall financial losses to workers prevent undue gains to companies and ensure a fair and equitable environment for all.
Mr Osifo said PENGASSAN would do all it could to push for just and equitable distribution across its branches.
The labour leader appreciated President Tinubu for the recent signing of an Executive Order that granted incentives to investments in the oil and gas industry.
He said the move translated to the recent $550 million Final Investment Decision announced by NNPC Limited and TotalEnergies on the Ubeta project.
Mr Osifo said PENGASSAN equally recognised the efforts of NNPC Limited Management in furthering partnership initiatives in the upstream and downstream sectors of the Industry.
“The recent MOU signed by NNPC Limited with Total Energies and separately with Shell are indications of fostering good relationships with critical partners.
“The expansion of CNG and LPG infrastructures by NNPC Limited across the nook and crannies of the country is a right step in the right direction and this must be encouraged and deepened,’’ he said.
General
IHS Nigeria Commissions Recreational Park in Omole Estate Phase 1
By Modupe Gbadeyanka
A new community recreational park has been commissioned by IHS Nigeria in Omole Estate Phase 1, Lagos, delivered within a four-month timeline through collaboration with the Omole Estate Executive Committee, the Lagos State Government representatives, and the Lagos State Parks and Gardens Agency (LASPARK).
The Head of Partnerships for LASPARK) Ms Temitope Okumuyide, said the project aligns with the agency’s mandate to promote healthy and safe environments across Lagos State.
“This park contributes to creating functional and enjoyable green spaces for the citizens of Lagos,” she said, thanking IHS Nigeria for helping in promoting a greener environment across the metropolis.
The chairman of Omole Phase 1 Residents Association, Ms Abimbola Osikoya, expressed gratitude for IHS Nigeria’s generous donation.
“In a city as dynamic as Lagos, spaces like this are essential. This park will serve as a place for relaxation, family bonding, healthy living, and neighborly interaction. The measure of a society is how it cares for its people, and IHS has demonstrated this through meaningful community investment,” she said.
Also, the chairman of the Titilayo Adedoyin Community Development Association, Mr Segun Fayemi, described the park as a landmark achievement, adding, “Out of the 18 sectors in this area, only mine has such a facility. I am the happiest man today.”
During the commissioning of the project, the Director of Sustainability for IHS Nigeria, Ms Titilope Oguntuga, described the project as more than infrastructure, highlighting the social and human value of shared public spaces.
“At IHS Nigeria, we believe infrastructure goes beyond connectivity and technology. It is about people and the environments in which they live, work, and thrive. Recreational and green spaces are critical to promoting well-being, inclusion, and stronger communities,” she said.
She noted that the presence of the IHS team at the event reflected the company’s dedication to the project and the host community, adding that, “The turnout today also shows our commitment and excitement to witness the commissioning of this park.”
General
NISO Blames Gombe Station Disturbance for Grid Collapse
By Adedapo Adesanya
The Nigerian Independent System Operator (NISO) has attributed Tuesday’s national grid collapse to a voltage disturbance at the Gombe transmission substation.
A statement issued by the system operator, while providing updates on repair and restoration efforts, stressed that the incident did not amount to a total system collapse, contrary to reports by some media organisations.
Recall that for the second time this year, the national grid recorded a disturbance that left all distribution companies unable to serve their franchise states. It followed a similar occurrence last Friday.
NISO said electricity supply across the affected areas has since been fully restored following immediate corrective actions by its technical teams, adding that the disturbance originated from the Gombe transmission substation before spreading to other parts of the network.
“The national grid has been fully restored, and electricity supply across the affected areas has since returned to normal.”
“The incident only affected part of the national grid, therefore not a total collapse,” NISO added.
“The event was accompanied by the tripping of some transmission lines and generating units, resulting in a partial system collapse.”
The system operator said restoration efforts commenced shortly after the disturbance and were completed within hours.
NISO disclosed that the voltage disturbance quickly propagated across the transmission network, affecting multiple substations.
The disturbance impacted power infrastructure beyond Gombe before stabilisation measures were implemented.
The voltage disturbance spread to the Jebba Transmission Substation, Kainji Transmission Substation was also affected, while the Ayede Transmission Substation experienced disruptions as the disturbance propagated.
According to NISO, although corrective actions were immediately deployed to stabilise the system and restore normal grid operations, some transmission lines and generating units tripped during the incident.
Nigeria’s power grid has continued to experience recurring disturbances in recent years, raising calls for alternative and proper power infrastructure in the country.
In 2025 alone, the national grid collapsed 12 times, with the last recorded incident occurring on December 29.
Tuesday’s incident represents the second grid collapse recorded in 2026, as well as the second in five days.
General
Manufacturers Kick Against NAFDAC’s Renewed Crackdown on Sachet Alcohol
By Adedapo Adesanya
The Manufacturers Association of Nigeria (MAN) has urged the federal government to intervene and restrain the National Agency for Food and Drug Administration and Control (NAFDAC) from renewing its enforcement of the ban on alcoholic beverages packaged in sachets and small PET bottles.
The Director-General of MAN, Mr Segun Ajayi-Kadir, who made the call in a statement, stressed that NAFDAC’s action contradicted directives from the Office of the Secretary to the Government of the Federation (SGF) issued on December 15, 2025, suspending the implementation of the ban.
Mr Ajayi-Kadir said the renewed enforcement also runs contrary to a March 14, 2024, resolution of the House of Representatives, which followed a public hearing with stakeholders, restrained NAFDAC from banning sachet and PET-bottled alcoholic beverages.
According to him, the conflicting directives from government institutions have created confusion among operators in the wines and spirits sector and are disrupting legitimate businesses, stating that sachet and PET-bottled alcoholic beverages were introduced to serve adult consumers with low purchasing power.
He added that smaller portions could help curb excessive consumption rather than encourage abuse.
Mr Ajayi-Kadir noted that locally produced sachet alcohol was manufactured under hygienic conditions and duly certified by regulatory agencies, including NAFDAC, warning that an outright ban could fuel the proliferation of illicit and unregulated products that pose greater health risks.
He also dismissed claims that the products promote underage drinking, saying such assertions had been contradicted by empirical research.
“We would like to further place on record that the untested assertion of abuse by minors as the basis for the ban has been debated by credible and empirical research that was independently conducted.
“The industry, on its own, has even gone further, notwithstanding the report of the survey, to initiate a series of campaigns in respect of responsible alcohol consumption to discourage underage abuse.
“This has so far cost the operators over a billion Naira in advertisements at all levels of media outreach across the federation.
“This has been very impactful in discouraging abuse by underage persons and has deepened the access restriction landscape,” he said.
Mr Ajayi-Kadir added that the ban threatened jobs, livelihoods and government revenue, while also encouraging smuggling and importation of unregulated alternatives.
He reaffirmed the commitment of MAN to working with regulatory agencies to ensure compliance with standards, while appealing to the Federal Government to direct NAFDAC to halt actions that disrupt members’ operations.
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