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African Energy Sovereignty: NNPC Ltd. Participated In #CERAWeek

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African Energy Sovereignty

African Energy Sovereignty: NNPC Ltd. Participated In #CERAWeek

NNPC Ltd. participated in #CERAWeek by S&P Global in Houston on Wednesday as Olugbenga Oluwaniyi, Chief Finance/Investor Relations Officer, served as a panelist in the “African Energy Sovereignty: The ‘all-of-the-above’ strategy” session.

The discussion was moderated by Daniel Evans, Vice President, S&P Global, and also featured Bambo Ibidapo-Obe, General Manager, Commercial, Oando Energy Resources, and Alcides Andrade, Executive Board Member, ANPG Angola.

Oluwaniyi highlighted Nigeria’s approach to energy self-determination through control of resources and a balanced energy mix. He noted that Nigeria has proven gas reserves of 210 trillion cubic feet (tcf) of which 101 tcf is associated gas and 109 tcf is non-associated gas.

He stated that Nigeria is a gas country more than an oil-producing country and described it as a “gas-rich nation with some oil reserves.” He added that Nigeria believes in a just and fair energy transition where gas serves as the transition fuel, which will remain relevant far longer than crude oil.

With these strengths, Nigeria positions itself as a destination of choice for major investments.

African Energy Sovereignty

African Energy Sovereignty

Oluwaniyi further emphasised the importance of bankable projects with clear value propositions, realistic financial projections and addressed risks such as pipeline vandalism, which is now tamed through diverse measures, including community engagement. He prioritised investment in gas infrastructure and development as a key area of the value chain for the foreseeable future.

Economy

Nigerian Farmers Urged To Use AI To Bridge Connectivity Gaps: Obaro

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Nigerian Farmers

Nigerian Farmers Urged To Use AI To Bridge Connectivity Gaps: Obaro

Farmers to use AI to bridge connectivity gaps. Juliet Obaro, an Internet of Things engineer, says that Edge AI can bridge connectivity gaps and empower smallholder farmers with real-time agricultural insights.

Juliet Obaro, an Internet of Things engineer, says that Edge artificial intelligence can bridge connectivity gaps and empower smallholder farmers with real-time agricultural insights.

She said this in an interview on Thursday in Abuja.

Ms Obaro explained that Edge AI is an emerging technology that enables data processing directly on devices without reliance on continuous internet connectivity.

She said the biggest barrier to digital agriculture was not the lack of innovation but the dependence of most solutions on internet access, which remains unreliable in rural farming clusters.

“Most smart farming tools today are cloud-dependent, meaning they require constant internet connectivity to function effectively. But for rural farmers, especially those in remote communities, this model simply does not work,” Ms Obaro said.

Ms Obaro said Edge AI addressed this gap by embedding intelligence directly into farm-based devices such as sensors, drones, and handheld tools, enabling them to analyse data locally and provide immediate feedback to farmers.

Ms Obaro stated that with Edge, devices could process soil conditions, weather patterns, and crop health data in the field without sending it to distant servers. According to her, this means farmers get real-time insights even when they are completely offline.

She explained that such systems could be deployed using low-power IoT devices equipped with pre-trained machine learning models that detect crop diseases, monitor moisture levels, and predict yield outcomes.

“Imagine a smallholder farmer in a remote village being alerted instantly that his crops are under pest attack, or that soil moisture is critically low, without needing internet access. That is the power of Edge AI,” Ms Obaro stated.

Ms Obaro further highlighted that integrating solar-powered devices could enhance the sustainability of Edge AI systems in rural areas, where electricity supply is also a challenge.

She identified power as another constraint, adding that designing these systems to run on solar energy would ensure that farmers were not limited by grid electricity. According to her, this makes the solution adaptable to rural realities.

She said localisation of AI models was crucial to effectiveness, noting that procedures should be tailored to Nigeria’s climate, soil types, and crop varieties.

“AI systems built with foreign datasets may not perform well here. We need locally trained models that understand indigenous crops like cassava, yam, and maize, as well as region-specific pests and diseases,” Ms Obaro said.

Nigerian Farmers

Nigerian Farmers

Ms Obaro said that for smallholder farmers who operate on thin margins, affordability is imperative. She maintained that Edge AI significantly lowers recurring costs because once the device is deployed, it can function independently.

On data security, Ms Obaro explained that Edge AI offered an added advantage by minimising data transmission risks. She said that since most data processing happens locally, there would be less exposure to cyber threats associated with cloud-based systems, allowing farmers to retain more control over their data.

Despite its potential, she acknowledged that challenges such as initial deployment costs and limited technical expertise remained.

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Economy

2026 Policy Agenda: CBN Targets Single-Digit Inflation, Exchange Rate Stability

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CBN

2026 Policy Agenda: CBN Targets Single-Digit Inflation, Exchange Rate Stability

2026 policy agenda. The Central Bank of Nigeria (CBN) has unveiled its 2026 monetary policy agenda, outlining plans to reduce inflation to single digits, stabilise the exchange rate, and strengthen the country’s financial system.

Olayemi Cardoso, governor of the apex bank, announced the roadmap on Thursday in Abuja at the 2026 first monetary policy forum.

Cardoso said the monetary policy committee (MPC) will focus on consolidating recent economic gains by sustaining the decline in inflation, maintaining exchange rate stability, and improving liquidity flows within the banking system.

“Our next phase is focused on consolidation: anchoring inflation firmly on a downward trajectory toward a single-digit level, sustaining exchange-rate stability, strengthening reserve buffers through organic inflows, deepening interbank market development, and enhancing the robustness of our monetary-policy transmission,” he said.

The CBN governor noted that achieving the objectives would depend on strong collaboration between the central bank and fiscal authorities, alongside disciplined policy implementation and stakeholder engagement.

“Achieving these goals requires continued collaboration with the fiscal authority, disciplined policy execution, and strong stakeholder engagement, which is the very essence of today’s Forum,” Cardoso added.

He said the outlook for the Nigerian economy remains cautiously optimistic, despite persistent domestic and global risks.

The apex bank chief projected global economic growth at 3.3 percent in 2026, warning that tight financial conditions, the lingering effects of past monetary tightening, and geopolitical tensions could weigh on the outlook.

Cardoso also flagged developments in the Middle East as a potential risk to Nigeria’s economy, particularly through their impact on oil prices.

On the domestic front, he projected economic growth at 4.49 percent, driven by consistent policy direction, a market-reflective foreign exchange system, improved oil production, and ongoing structural reforms.

However, he identified food supply constraints, infrastructural deficits, and election-related spending pressures as key downside risks.

“Notwithstanding these challenges, our strengthened macroeconomic fundamentals, improved fiscal-monetary coordination, credible policy frameworks, and sound early warning systems position Nigeria to mitigate these risks more effectively than in the past,” he said.

FG TARGETS 7% GDP GROWTH

In his goodwill message, Wale Edun, minister of finance and coordinating minister of the economy, said the federal government is targeting stronger growth capable of improving living standards.

“Our broader objective remains economic transformation. In the near term, we are targeting GDP growth of about 7 percent, roughly double the pace of inflation. Growth at that level would be strong enough to lift millions of Nigerians out of poverty,” Edun said.

He said managing the trade-off between inflation and growth would remain a central challenge for policymakers.

“The relationship between growth and inflation will remain a key focus going forward. The challenge is to strike the right balance, keeping inflation under control while sustaining growth,” he said.

Edun added that interest rates remain a critical tool in controlling inflation, noting that tighter rates raise borrowing costs for government, businesses, and households.

He, however, expressed optimism that interest rate could ease gradually as inflation declines and reforms take hold.

The minister also emphasised the need for coordinated action across institutions, noting that macroeconomic stability cannot be delivered by any single agency.

CBN

CBN

Edun also welcomed ongoing efforts to improve transparency in the foreign exchange market, saying such measures would boost investor confidence, reduce uncertainty, and support disinflation.

He further commended the CBN’s move toward an inflation-targeting framework, describing it as a step that would strengthen policy credibility, enhance communication, and support long-term investment.

Also speaking, Mohammed Sani Abdullahi, deputy governor in charge of the economic policy directorate at the CBN, said Nigeria’s macroeconomic environment has improved since the last monetary policy forum held in January 2025.

Abdullahi said inflation has moderated, foreign exchange market conditions have improved, and investor confidence has strengthened, supported by better coordination between fiscal and monetary authorities.

“Despite these encouraging developments, we recognise that the journey towards sustainable macroeconomic stability is an ongoing process rather than a destination,” he said.

Abdullahi called for sustained reforms, stronger policy coordination, and deeper engagement among stakeholders, stressing that the effectiveness of monetary policy depends on collective action across the economy.

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Economy

NNPC Ltd Strengthen Strategic Partnerships At CERAWeek 2026

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NNPC's Mass Sack

NNPC Ltd Strengthen Strategic Partnerships At CERAWeek 2026

NNPC Limited continues to strengthen strategic partnerships at CERAWeek 2026, with high-level engagements focused on advancing Nigeria’s upstream growth and investment outlook.

Speaking after a meeting with senior executives from Chevron Corporation, the Group Chief Executive Officer, NNPC Ltd., Engr. Bashir Bayo Ojulari, stated: “Our discussions focused on strengthening our long-standing partnership and aligning our strategic priorities to drive production growth, deepen gas development, and expand opportunities in the deepwater sector.”

NNPC's Mass Sack

NNPC

Noting that NNPC Limited is leveraging the enabling investment climate to advance new, high-impact projects and expand its portfolio, the GCEO said the Company is committed to working with partners to ensure Nigeria’s energy sector remains competitive, resilient, and globally relevant.

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