Economy
Bodo-Bonny Appreciates FG, Celebrates Landmark Infrastructure Milestone In Road Project
Bodo-Bonny Appreciates FG, Celebrates Landmark Infrastructure Milestone In Road Project
Bodo-Bonny appreciates FG. The Federal Government has reaffirmed its commitment to infrastructure-led development following the successful delivery and continued construction of the Bodo-Bonny Road and Bridges Project, which is now open to traffic.
The Medallion Award Ceremony was organized by the Bodo-Bonny Road & Bridges Peace Committee, which was held on Friday, 27th March 2026, at the Yar’Adua Centre in Abuja. The event brought together national leaders, whose vision and sustained commitment contributed to the delivery of this landmark infrastructure project, alongside senior government officials, traditional rulers, key stakeholders, and representatives of the Bodo-Bonny communities, in a show of broad-based support and shared national pride.
The Minister of State for Works, Bello Muhammad Goronyo, Esq. represented the Minister of Works, Engr. David Umahi, CON, FNSE, FNATE at the event. He conveyed the Ministry’s goodwill and reaffirmed the Renewed Hope Administration’s resolve to deliver critical infrastructure across all regions of the country.
He described the Bodo-Bonny Road and Bridges as a strategic economic corridor that will significantly enhance connectivity, facilitate trade, and integrate coastal communities into the national economy. He further commended President Bola Ahmed Tinubu for prioritising the project, noting that its delivery reflects policy continuity and a sustained national development agenda.
He also acknowledged the contributions of the former Minister of Power, Works, and Housing, Babatunde Raji Fashola, SAN, as well as the technical leadership of Engr. Umahi. In addition, he commended the contractors, particularly Julius Berger (Nigeria) Plc, also recognised the support of the Nigeria LNG Limited, under the Tax Credit Scheme, all of which contributed to the successful delivery of the project.
The Minister further disclosed that approval has been granted for Phase II of the project, which is expected to commence shortly, with a view to strengthening infrastructure expansion and deepening economic linkages within the Niger Delta region.
In his goodwill message, the Permanent Secretary, Federal Ministry of Information and National Orientation, Mr. Ogbodo Chinasa Nnam, described the project as a critical national asset with significant socio-economic benefits. He emphasised the need for strong maintenance frameworks to ensure long-term sustainability and encouraged the replication of similar infrastructure initiatives nationwide.
Prof. Jasper Jumbo, Chairman of the Award Ceremony Sub-Committee, highlighted the project as a product of sustained collaboration, stakeholder engagement, and policy innovation. He noted that challenges encountered during implementation – including funding constraints, environmental considerations, and security issues – were addressed through coordinated interventions, including Executive Order 7 and the tax credit financing model.
Special recognition awards and medals were presented to key contributors to the initiation, development, and successful delivery of the project. The Awardees included His Excellency, President Bola Ahmed Tinubu, GCFR, the Minister of Works, Engr. David Umahi, former Minister, Raji Fashola, the Minister of State, Muhammad Goronyo, and the Permanent Secretary, Rafiu Adeladan.

Bodo-Bonny Appreciates FG
The Bodo-Bonny Road and Bridges Peace Committee was also commended for its pivotal role in fostering dialogue, strengthening community relations, and ensuring a conducive environment for project execution.
Speaking on behalf of the host communities, Elder Simialaye Young Pepple, President of the Bonny Improvement Association (Abuja Branch), expressed appreciation to the Federal Government for delivering “a long-awaited project.”
He noted that the road has resolved longstanding accessibility challenges and represents a transformative development for the Bonny Kingdom.
Mohammed A. Ahmed
Director, Information and Public Relations.
28 March, 2026.
Economy
NNPC Boss Bayo Ojulari Hailed For Productive Reforms, Achievements
NNPC Boss Bayo Ojulari Hailed For Productive Reforms, Achievements
Productive reforms. The People’s Wellbeing Association, a human rights and advocacy group, has lauded NNPC CEO Bayo Ojulari for his reforms.
The People’s Wellbeing Association, a human rights and advocacy group, has lauded NNPC CEO Bayo Ojulari for his reforms.
The group’s spokesman, Mr Abba Abubakar, gave the commendation in a statement on Monday in Abuja.
Mr Abubakar, who cited unprecedented reforms and operational achievements since Mr Ojulari’s appointment in April 2025, said the NNPC boss had put the company on the path of greatness.
He said that despite facing opposition from “greedy oil thieves”, Mr Ojulari had remained steadfast in his commitment to transparency and commercial discipline.
According to him, under Mr Ojulari’s leadership, NNPC has recorded transformative milestones across its upstream, midstream, and downstream operations.
He said that the company’s upstream subsidiary under Mr Ojulari had achieved a daily crude oil production level of 355,000 barrels, the highest in 36 years, surpassing the level last recorded in 1989.
He said that this achievement had significantly strengthened national output performance and enhanced foreign exchange earnings.
Mr Abubakar said that the company had also reinstated monthly operational and financial performance reports, a transparency move rarely seen in its history.
He also commended Mr Ojulari for introducing modern Delegation of Authority and Delegation of Financial Authority frameworks, which have improved decision-making efficiency, accountability, and internal governance standards.
He said that governance reforms were further strengthened through the creation of the chief compliance and chief sustainability offices.
He said that the company was now overhauling its refinery rehabilitation strategy, moving away from contractor-led models toward partnerships with established global refinery operators.
According to Mr Abubakar, beyond endorsing Mr Ojulari’s leadership, the People’s Wellbeing Association also raised concerns about pipeline surveillance contracts.
He affirmed the group’s commitment to urging President Bola Tinubu not to renew existing arrangements without carrying other stakeholders along.

NNPC
Mr Abubakar expressed the group’s demand for fairness and pipeline surveillance, saying that contracts should be equitably split among the Niger Delta stakeholders.
He further suggested that the Nigerian Army and Navy should take over pipeline surveillance contracts, arguing that security agencies are better positioned to handle such critical national infrastructure.
He said that equitable distribution of pipeline surveillance contracts among Niger Delta stakeholders would foster peace, enhance security, and ensure that host communities derive maximum benefits from oil and gas operations.
Economy
NUPRC-SeaSeis Seismic Data Project, Future Of Nigeria’s Oil And Gas Sector
NUPRC-SeaSeis Seismic Data Project, Future Of Nigeria’s Oil And Gas Sector
Recently, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) signed a three-year Petroleum Exploration Licence (PEL) agreement with SeaSeis Geophysical Limited (SeaSeis), authorising the company, in partnership with the Commission and TGS, to undertake the acquisition and processing of new 3D seismic and gravity data.
The major seismic data acquisition project, PEL No. 5, covers an area of 11,700 square kilometres offshore in the Outer Fold and Thrust Belt of the eastern Niger Delta, in water depths of 400–2,800 metres. This zone is one of Nigeria’s most prolific yet geologically complex regions.
The agreement, signed on March 24, 2026, also empowers the partnership to issue data-use licences, with revenues to be shared between the company and the Commission.
Upon assumption of office in December 2025, the Commission Chief Executive (CCE), Mrs. Oritsemeyiwa Eyesan, emphasised the importance of data integrity in operations and stated clearly that every aspect of the Commission’s work must be measurable and demonstrably so. “Going forward, NUPRC positions itself on the tape line to be measured by faster, predictable regulatory approvals; secure and sustainable production; credible licensing and disciplined acreage performance; world-class HSE and process safety; and trusted measurement, transparency, governance, and data integrity.”
Emphasising that success will be judged not by policy volume but by tangible outcomes such as higher production, safer operations, reduced losses, credible data, faster approvals, and stronger investor confidence, the CCE fixed her gaze not only on increasing production levels but on doing so at reduced cost. The signing of the recent data acquisition project aligns with this commitment. She reiterated this during the agreement signing, noting that the issuance of the PEL 5 licence reflects the Commission’s continued commitment to data-driven exploration, transparency and long-term value creation for Nigeria’s oil and gas sector.
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The licence is expected to unlock stronger prospecting potential, enhance subsurface understanding and support more efficient development of Nigeria’s hydrocarbon resources, in line with Section 71(1–10) of the Petroleum Industry Act (PIA) 2021. The project itself entails the acquisition of new 3D seismic and gravity data and is highly significant for Nigeria’s oil industry. Fundamentally, it is about improving subsurface knowledge, providing a clearer and more accurate picture of what lies beneath the country’s sedimentary basins.
It enables better identification of new oil and gas reserves, as 3D seismic technology offers far greater detail. This allows geoscientists to map underground structures with increased precision, thereby reducing exploration uncertainty. Consequently, it increases the chances of discovering commercially viable hydrocarbon deposits, especially in underexplored frontier basins. It also reduces exploration risk. By generating high-quality data that can be marketed to investors, the NUPRC lowers entry barriers. Oil companies are more likely to invest when guided by reliable data.
In addition, the project creates a new revenue stream, as multiple companies can purchase and utilise the data. This enhances Nigeria’s attractiveness during licensing rounds and helps draw both international oil companies and indigenous firms. Furthermore, it will help revitalise dormant or underexplored basins. Areas that previously lacked detailed data, such as parts of inland basins or deep offshore zones, can now be reassessed using modern technology, potentially unlocking new production zones.
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This serves as a boost to Nigeria’s efforts to meet its oil production quota under the Organisation of the Petroleum Exporting Countries (OPEC). It is noteworthy that Nigeria’s production quota depends not only on existing wells but also on sustainable reserves and new discoveries. Therefore, this initiative contributes in several ways, including expanding the reserves base, enabling faster field development, improving production efficiency and boosting investor confidence and activity levels. Indeed, increased exploration activity leads to more drilling and ultimately more production. Without continuous exploration, production naturally declines as older fields mature.
The broader implication is that this agreement signals a data-driven strategy to reverse the long-standing challenge of meeting OPEC quotas, often caused by underinvestment, ageing infrastructure and declining reserves replacement. Simply put, more accurate data leads to more discoveries, more investment and more production. While the impact may not be immediate, in terms of increased output, which is typically incremental, the medium to long-term outlook is promising, especially with improvements in security, infrastructure and regulatory stability.
This move is significant because OPEC quotas depend largely on what a country can sustainably produce, not merely what it aspires to produce. The project supports reserve replacement, unlocks new basins and increases drilling success rates. With this strategic initiative, the NUPRC is not merely regulating; it is building a national data repository. This repository will not only serve as a store of critical data but will also generate revenue, as organisations pay for access. In effect, the country can earn income even before oil is discovered, while also making licensing rounds more competitive.
Thus, the agreement serves as a foundation for Nigeria’s future oil output: it reduces uncertainty, attracts capital, improves discovery rates and supports long-term production growth. This outlook becomes even stronger as government agencies address insecurity in oil-producing areas, sustain policy stability and improve the investment climate.
That Nigeria possesses substantial reserves yet struggles with low output is no longer news. The challenge lies not in resource availability but in production constraints. The NUPRC–SeaSeis–TGS project is poised to address these challenges significantly, complementing other integrated strategies aimed at increasing oil and gas production. It targets structural, long-term issues, including declining discoveries, weak exploration-to-production cycles and underutilised frontier and deepwater potential, while also improving efficiency in existing fields.
A notable strategic shift is evident: Nigeria is transitioning from a passive regulator to an active data provider and investment enabler. This is critical because data drives exploration decisions globally, and countries with high-quality data attract more capital.
Although this project may not immediately resolve Nigeria’s challenges in meeting its OPEC quota, it positions the country to meet, and potentially exceed, future quotas sustainably. Without such initiatives, production would continue to decline, risking reduced relevance in global oil markets. With them, alongside broader reforms, Nigeria stands to achieve new discoveries, increased reserves and higher long-term output.

NUPRC-SeaSeis
Eyesan has emphasised that the PEL 5 initiative underscores the importance of credible partnerships in achieving national production and reserve growth targets: “The PIA recognises that licences can be assigned on non-exclusive acreages to contractors willing to undertake exploration activities. As the chief superintendent of the industry, we must also maintain our production targets, including reserves. The only way to achieve this successfully is through partnerships with committed explorers.”
The project is SeaSeisGeophysical Limited’s largest in Africa, according to its managing director, Goke Adeniyi. Adeniyi noted that the project underscores the scale of opportunity within Nigeria’s upstream sector. “We are pleased to be here, not just as SeaSeis but in partnership with TGS,” he said at the signing ceremony. His organisation will leverage TGS’s GeoStreamer dual-sensor technology, featuring long offsets, wide tow, and triple-source broadband acquisition.
The resulting high-fidelity 3D seismic data is expected to provide operators with the quality needed to evaluate prospects with greater confidence.
James, a fellow of the Nigerian Guild of Editors (NGE) and member of the International Press Institute (IPI), lives in Abuja.
Economy
Abia State Won’t Get Paid For Fixing Federal Roads, Says Governor Otti
Abia State Won’t Get Paid For Fixing Federal Roads, Says Governor Otti
Abia State won’t get paid for fixing federal roads. Mr Otti said the new federal government’s policy was that states could toll such roads “if they want their money back.”
Abia state governor, Alex Otti
Abia state governor, Alex Otti
Governor Alex Otti of Abia says the federal government has no plans to reimburse the state for federal road projects his administration executed.
Speaking at his monthly media interactive session with journalists on Friday night, Mr Otti said the new federal government’s policy was that states could toll such roads “if they want their money back.”
He reiterated his administration’s commitment to fixing all Abia roads, federal or state, saying, “They’re all used by Abia residents.”
“Before we jump on any federal road, we have long engagements with the federal government, and those roads must be ceded to us in writing,” he said.
Mr Otti also addressed compensation concerns for the Umuahia-Ikot Ekpene Road rehabilitation, saying he expected the federal government to pay since it awarded the project without funding.
He said, “We always pay compensation on any route we are entering.

Abia State
“But then, my understanding is that, if there was any compensation to be paid, the federal government should have done so because the route was actually awarded but was not funded. So, that’s my understanding. I can’t be too sure.”
The state government had undertaken to rehabilitate critical federal roads, including the Umuahia-Ikot Ekpene Road, the Owerrinta-Umuikaa dual carriageway, and the Ohafia-Arochukwu Road, among others.
The governor reaffirmed his administration’s commitment to establishing a state police.
He said, “The new general manager for Homeland Security is working with his team to get us ready once the whistle is blown.”
Mr Otti ruled out any possible defection to another party, saying he would run for reelection on the Labour Party (LP) platform in 2027.
According to him, the Supreme Court decision has settled the party leadership crisis.
He, therefore, urged interested Nigerians to register for LP membership.
Mr Otti described the progress on the newly introduced electric buses as “exciting,” saying 30 more buses were expected by July, bringing the total to 50.
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