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NLNG Makes Case For Investment In Energy Transition Plan

BY CHIKA OKEKE, Abuja The Nigeria Liquefied Natural Gas (NLNG) has called on industry stakeholders to invest in Nigeria’s Energy Transition Plan (ETP), harping on the importance of gas in the country’s industrialisation and economic diversification targets. ETP seeks to achieve net-zero carbon emissions by 2060, while lifting 100 million people out of poverty through the use of natural gas. Managing Director of Nigeria LNG Limited, Adeleye Falade disclosed this during an energy roundtable organised by the Franco-Nigerian Chamber of Commerce and Industry, as part of activities lined up for the 2026 French Week. He said: “Nigeria’s energy transition must be just, realistic and investable as Africa’s energy development challenges differ from those of Europe, particularly in terms of access to reliable electricity.” Falade stated that Nigeria had approximately 215 trillion cubic feet of proven gas reserves, with estimates of its wider gas resources reaching about 600 trillion c...
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FG Directs Infrastructure Investments To Improve Electricity Supply

BY CHIKA OKEKE, Abuja Engr Joseph Tegbe The Federal Government has directed investments toward improving electricity supply, addressing infrastructure gaps and strengthening the power sector. This is even as unreliable electricity increased manufacturers’ cost of capital, diverted working capital into diesel and other alternative sources, disrupted production schedules and reduced machinery utilisation. Minister of Power, Mr Joseph Tegbe stated this at the 2026 Manufacturers Energy Security and Energy Efficiency Summit in Lagos, organised by the Manufacturers Power Development Company Limited (MPDCL) in partnership with GIZ and the Nigerian Energy Support Programme (NESP). He stated that the Federal Government had developed a four-pronged roadmap focusing on grid standardisation, sector liquidity and sustainability, asset optimisation, and expansion of electricity infrastructure. The ministry is also conducting a technical audit of the power sector to establish infrastructu...
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NITDA Challenges Tech Entrepreneurs To Create Jobs, Compete Globally

BY CHIKA OKEKE, Abuja Kashifu Abdullahi The National Information Technology Development Agency (NITDA) has challenged technology entrepreneurs to move beyond celebrating hackathons, pitch competitions and funding announcements toward building commercially viable enterprises that create jobs, solve real problems and compete globally. Director-General of NITDA, Kashifu Inuwa Abdullahi stated this during the Moonshot 2026, organised by TechCabal in Lagos, with the theme: “Courage & Conviction — Building for a New World.” He called on African innovators, investors and policymakers to transform the continent from a major consumer of digital technologies into a globally competitive creator of innovative solutions, intellectual property and sustainable technology enterprises. The NITDA boss emphasised that Africa's technological future must be defined by innovation, entrepreneurship, collaboration and measurable economic impact, lamenting that Africa possesses exceptional ...
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FirstBank Takes Digital Banking To Varsity, Targets 40, 000 Customers

BY CHIKA OKEKE, Abuja The FirstBank Plc has taken digital banking services to Yakubu Gowon University Gwagwalada, Abuja, with a target to reach over 40,000 customers within the university community. It was designed to provide seamless banking services to the university without the presence of conventional banking halls, nor compelling the students and members of staff to exit the campus. At the unveiling of Digital Experience Centre at the varsity formerly known as University of Abuja, the FirstBank Chief Executive Officer, Mr Olusegun Alebiosu described the initiative as part of the bank’s strategy to bring future banking services closer to customers through digital technology. The centre enables customers to perform virtually all transactions available in a traditional banking hall, including cash withdrawals and deposits, cheque payments, account balance enquiries, statement requests, ATM card replacement, phone number and email updates, and funds transfers. Alebiosu ass...
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Poor Implementation: Nigeria Loses N17 trn To Abandoned Projects

BY CHIKA OKEKE, Abuja Sen John Owan-Enoh There is an indication that Nigeria lost over N17 trillion nationwide to abandoned projects due to poor execution and implementation of capital projects. Minister of State for Industry, Trade and Investment, Sen. John Owan- Enoh stated this at the 8th Conference and Induction ceremony of Chartered Institute of Project Managers of Nigeria (CIPMN) in Abuja, with the theme: “Project Management: Catalyst for Nigeria’s Industrial Transformation”. To this end, he sought reforms in project planning, execution and accountability to minimise redundant projects and accelerate industrial development, saying that weak project implementation continued to undermine infrastructure development, industrial growth and economic prosperity. He noted that CIPMN had estimated the value of abandoned projects nationwide at over N17 trillion, while the House of Representatives had also raised concerns over abandoned Federal Government projects and properties...
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NUPRC Offers Investors 40 Oil, Gas Blocks With Incentives

BY CHIKA OKEKE, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has offered interested investors in the oil and gas sector attractive incentives for the 40 oil and gas blocks ahead of the 2026 licensing round. This is even as the commission insisted that Nigeria has stable climate for investment despite the global energy tension, calling on investors to utilise the opportunities in the midstream and downstream sector to establish viable businesses. Chief Executive of NUPRC, Oritsemeyiwa Eyesan stated this at a roundtable discussion during the 2026 Abu Dhabi International Petroleum Exhibition and Conference in Abu Dhabi, with the theme: “Energy Sovereignty in an Interconnected World: Aligning National Priorities, Markets and Global Security.” Head of Media and Corporate Communications of the NUPRC, Eniola Akinkuotu informed journalists in Abuja, that the bidding portal for the licensing round would officially open on third week of November, adding that Ni...
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FMBN Seeks Effective Oversight To Protect Homebuyers, Financiers

BY CHIKA OKEKE, Abuja Shehu Usman Osidi The Federal Mortgage Bank of Nigeria (FMBN) has sought effective oversight to protect homebuyers, financiers and property investments, calling for stronger regulation of the realty sector. Managing Director/Chief Executive of FMBN, Shehu Usman Osidi disclosed this at the Stakeholders' Conference on the Proposed National Real Estate Regulatory Authority (NRERA) in Abuja, with the theme: “One Vision, One Ecosystem, One National Housing and Real Estate Plan.” ‎Citing the bank’s commitments in financing housing projects and supporting residential property developers, Osidi lamented that some developers who, despite receiving construction financing and securing allocations for National Housing Fund (NHF) contributors, failed to hand over houses to beneficiaries. He stated that such properties were reportedly resold to other purchasers, while other developers abandoned projects, failed to commence construction after collecting funds or ...
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