BY CHIKA OKEKE, Abuja President Bola Ahmed Tinubu has appointed Professor Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF). He replaces Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State. Tinubu also renewed the appointment of Engr. Sule Ahmed Abdulaziz's as the Managing Director/Chief Executive Officer of the Transmission Company of Nigeria (TCN) for a second and final term. Both appointments take immediate effect. Prof. Aliyu, the new PTDF helmsman, was, until his appointment, the Executive Secretary of the National Commission for Mass Literacy, Adult and Non-Formal Education. He is a distinguished academic and seasoned administrator with extensive experience in research, education, and institutional leadership. His appointment underscores the President’s commitment to strengthening key institutions in the petroleum sector and advancing capa...
By Temitope Ajayi, Abuja President Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil supplied by the NNPC to the Dangote Refinery. Since the launch of the naira-for-crude initiative on October 1, 2024, Nigeria has experienced a strategic breakthrough amid the ongoing economic turmoil resulting from the Iran-Israel-US conflict in the Middle East. Since its inception, the technical committee on naira-for-crude, which has the Minister of Finance and Coordinating Minister of the Economy, Wale Edun and Executive Chairman of the Nigerian Revenue Service, Zacch Adedeji and others as members, the Federal government has developed a robust framework that has ensured the Presidential initiative continues to deliver on its core objectives by maintaining supply security, stabilising the economy, and safeguarding Nigeria’s energy future. The US/Israel-Iran war has now entered its 6th week, triggering global econom...