SPE Leadership Pays Courtesy Visit To GCEO NNPC Ltd

SPE leadership pays courtesy visit to GCEO NNPC Ltd. The leadership of the Society of Petroleum Engineers, Nigeria Council, led by Council Chairman Engr. Francis Nwaochei, FNSE, today paid a courtesy visit to our Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, at NNPC Towers in Abuja.

The Africa Regional Director of SPE International, Dr. Riverson Oppong, joined the delegation.

Discussions focused on areas of collaboration to advance technology, strengthen industry dialogue, and support the growth of Nigeria’s energy sector.

The GCEO reaffirmed NNPC Limited’s commitment to engage with SPE activities and explore joint efforts to drive production growth, including through deeper technical support in subsurface disciplines to help achieve the production target of 3 million barrels per day.

NNPC

The GCEO also interacted with the young professionals present, urging them to remain dedicated to learning and to play an active role in shaping the future of the energy industry.

David Umahi Inaugurates APC National Convention Accommodation, Transport Committee

In a step toward ensuring a seamless and well-coordinated 2026 All Progressives Congress (APC) National Convention, the Honourable Minister of Works, Senator Engr. David Umahi, CON, on Tuesday formally inaugurated the Party’s Committee on Accommodation and Transportation in Abuja.

The strategic committee, which will oversee critical logistics for the forthcoming convention, was inaugurated under the leadership of Senator Umahi, who chairs the transportation component, while the Governor of Kano State, His Excellency Abba Kabir Yusuf, heads the accommodation arm. Both committees are designed to function as sister structures, working in close coordination to ensure that every logistical detail of the convention is correctly handled.

The inauguration ceremony, held on Tuesday, March 10, 2026, brought together key members entrusted with the responsibility of planning and managing the movement and lodging of party leaders, delegates, and special guests expected from across the country.

The committee’s mandate includes transportation logistics and movement planning, accommodation planning and coordination, hotel engagement and room allocation as well as monitoring and operational support throughout the duration of the convention.

Addressing members at the inauguration, the Minister emphasized the central role of Transportation and Accommodation in determining the success of a major political event such as the APC National Convention.

“Our leaders and special guests must be properly accommodated. Transportation between hotels, airports, and the convention venue must be well coordinated. When these logistics work smoothly, the Convention proceeds seamlessly. When they fail, even the most carefully planned event can be disrupted.

It is therefore the responsibility of this Committee to ensure that the accommodation and transportation arrangements for the Convention are properly planned, well coordinated, and professionally executed.”

He expressed strong confidence in the competence and dedication of members of the committee, noting that their collective experience would be instrumental in delivering a convention worthy of the ruling party.

David Umahi

“I am confident that with the experience, commitment, and leadership represented in this Committee, we will work together to ensure that the APC 2026 National Convention is conducted in an organized, efficient, and successful manner.”

Formally inaugurating the committee, the Minister said: “On behalf my brother the Governor of Kano State, HE governor Yusuf, the vice chairman, distinguished senators, Secretary of the committee, Arch. Dangiwa and the assistant secretary, I hereby inaugurate the committee on transport and accommodation pending official split of the committee, so help us God.”

Francis Nwaze, FIPMD
Senior Special Assistant to the Minister of Works (Media)

NNPC Gets Presidential Approval For $20Bn Final Investment Decision On Bonga Deepwater Project

His Excellency, President Bola Ahmed Tinubu GCFR, has approved a targeted fiscal incentive designed to unlock the long awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project, marking a milestone in Nigeria’s ongoing drive to attract strategic investments and accelerate sustainable economic growth.

The project is estimated to attract about $20 billion in Foreign Direct Investment and position Nigeria for a new era of deepwater production.

The approval followed months of intensive technical and commercial negotiations involving NNPC Limited as the concessionaire, the Nigeria Revenue Service (NRS), the Special Adviser to the President on Energy, Olu Verheijen, and the Shell CEO Mr. Wael Sawan. It represents the culmination of the President’s directive, issued during a courtesy visit by Shell CEO, Mr. Wael Sawan, to fast-track the enablers required to move this strategic national asset to FID. It signals renewed confidence in Nigeria’s policy direction and its resolve to translate reform momentum into tangible investment outcomes.

Speaking on the development, the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, stated:

“This approval is a testament to the President’s leadership, NNPC’s disciplined execution and our ability to structure complex, bankable transactions that deliver value for Nigeria. For nearly two decades, the Bonga Southwest project remained stalled. Today, under President Tinubu’s reform-driven leadership and through NNPC’s sustained advocacy, we have broken that logjam. This is what partnership, persistence, and policy clarity can achieve.”

Ojulari further stated, “This milestone further affirms NNPC’s commitment, under the President’s leadership, to unlocking Nigeria’s vast energy potential through partnerships, disciplined innovation and execution excellence”.

The Bonga Southwest project will be the first FID on a Nigeria deepwater Production Sharing Contract asset since 2008, re-establishing Nigeria as a premier deepwater investment destination. The fiscal package approved by President Tinubu includes an enhanced Production Tax Credit and resolution of the 2021 dispute settlement agreement, creating a competitive framework that balances national value with investor returns.

NNPC Limited, as concessionaire, worked closely with SNEPCo and the broader contractor party to develop alternative fiscal solutions that address structural constraints while protecting Nigeria’s long-term interests. The approval was granted rigorous evaluation by the National Revenue Service and submission of recommendations to the Presidency.

This milestone reinforces NNPC’s strategic pivot toward partnership-driven growth. By aligning with global majors like Shell and securing the enabling fiscal environment, NNPC Ltd is translating the President’s investment reform agenda into tangible outcomes—jobs, revenues, and energy security for Nigerians.

NNPC

With Presidential approval secured, NNPC Limited and its partners will now progress toward FID, triggering the multi-billion-dollar capital commitment that will transform Nigeria’s deepwater landscape and deliver enduring value to the nation.

The Bonga Southwest Aparo project, operated by Shell with all IOCs in Nigeria as partners, will create over 5,000 direct and indirect jobs, and deliver 150,000 barrels per day of crude oil and 140 million standard cubic feet per day of gas upon completion.

Andy Odeh
Chief Corporate Communications Officer
NNPC Limited
Abuja.