Economy
Minister Adegboyega Oyetola Declares Nigerian Ports Viable, Safe For Investment
Minister Adegboyega Oyetola Declares Nigerian Ports Viable, Safe For Investment
Minister Adegboyega Oyetola declares Nigerian ports viable, safe for investment. According to him, the federal government is keen on deepening the private sector.
The Minister of marine and blue economy, Adegboyega Oyetola, has assured foreign investors that Nigerian ports are viable and safe for investment.
Mr Oyetola said this in a statement on Sunday in Abuja, signed by Anastasia Ogbonna, the ministry’s director of information and public relations. Mr Oyetola had earlier received a delegation from DP World, owners and operators of the Port of Dubai.
He reiterated the federal government’s readiness to cooperate and welcome investments for the development and management of infrastructure in its port system.
According to him, the federal government is keen on deepening the private sector.
“Over the weekend when I received a delegation from the DP World, I affirmed that the government is open to investments in the sector and assured that the ministry will provide the needed impetus to interested parties for such ventures.
“I welcome the proposal by the Port of Dubai to establish industrial park to complement the ports and provide a logistics base for processing for exports.
“We have an extensive coastline and abundance of lands suitable for the development of industrial parks,” he said. The minister urged the Dubai delegation to come up with a formal proposal for the interest for consideration by NPA.
Mr Oyetola said that the government was working to digitise and automate all port processes to reduce human and physical interface to the barest minimum.
This, he said, was asides ongoing modernisation plan to increase the draught level of the nation’s ports to a range of between 16 to16.5 meters, to regain Nigeria’s status as a transshipment hub.
He noted that the government’s ininitiatives varied and were not limited to implementing the cargo tracking system, the port community system, and the national single windows.
According to him, these are all geared towards increasing efficiency and reducing turn-around- time at the ports.
Adegboyega Oyetola
Earlier, leader of the delegation, Sultan Ahmed Bin-Sulayem, said that the company operates in 48 countries and had more than 90 terminals around the world with registered presence in most African countries.
According to him, DP World runs one of the most efficient port systems in the world and hope to deploy their expertise and experience in Nigerian port systems if given the opportunity.
NNPC Ltd. HSE Chief Sets Tone For Industry-Wide Safety Standards
NNPC Ltd.’s Chief Health, Safety and Environment Officer, Tonye Alagba, has urged Health, Safety and Environment (HSE) personnel across the company to strengthen collaboration and build a unified HSE team.
Alagba, who made the call at the recent First Quarter 2026 HSE Council Meeting held in Abuja from 15th to 17th April, 2026, called for collective responsibility, strict compliance, and proactive prevention of HSE violations across all business units.
NNPC
NNPC Ltd. values strict HSE adherence across all its businesses and operations. The HSE Council Meeting signals the company’s broader intent to raise the bar for safety culture across Nigeria’s energy sector.
NNPC, SNEPCo, NCDMB Donate Geosciences Centre To UNILAG
NNPC Limited, in partnership with Shell Nigeria Exploration and Production Company Limited (SNEPCo), the Nigerian Content Development and Monitoring Board (NCDMB), and the University of Lagos (UNILAG), commissioned and donated the newly built UNILAG Geosciences Centre of Excellence to the University on Friday.
Purposely built to strengthen geosciences education and research in Nigeria, the Centre was inaugurated by the Chief Upstream Investment Officer of NNPC Upstream Investment Management Services Ltd. (NUIMS), Olanrewaju Igandan, alongside the Managing Director of SNEPCo, Ronald Adams; Director of Capacity Building (NCDMB), Abayomi Bamidele; Lagos State Commissioner for Tertiary Education, Tolani Sule; and the Vice-Chancellor of UNILAG, Professor Folasade Ogunsola.
The Centre boasts of a 250-seat auditorium, geoscience and instrumentation laboratories, a rock preparation workshop, hydrogeology, mineralogy, environmental geology, sedimentary and palaeoenvironmental sciences laboratories, a seismic interpretation room, a modern library, a digital museum, and collaborative spaces for students and researchers. It is also supported by a 600 kVA transformer, a 40 kVA solar power facility, and a field investigation coaster bus.
SNEPCo, NNPC
By connecting academia, industry, and government under one roof, the Centre provides Nigerian students and researchers with hands-on access to modern energy tools, reduces the oil and gas industry’s reliance on international markets for testing and training, and builds the in-country expertise Nigeria’s energy sector needs.
NNPC Limited remains committed to driving capacity building, supporting national development, and working with partners to secure a stronger energy future for Nigeria.
NNPC: Ministers Chart Course Gor West African Gas Pipeline (WAGP)
The Committee of Ministers for the West African Gas Pipeline Project met in Abuja on Friday, reaffirming its central role in West Africa’s regional energy agenda.
The meeting brought together ministers and high-level representatives from Nigeria, Benin, Togo, and Ghana, alongside officials from ECOWAS, the West African Gas Pipeline Authority (WAGPA) and West African Gas Pipeline Company Limited (WAPCo).
Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, who opened the meeting, reaffirmed Nigeria’s commitment to the long-term sustainability and expansion of the pipeline, adding that since its inception, the WAGP has transported over 613 million MMBtu of natural gas, with Nigeria accounting for more than 68 per cent of total volumes supplied to Benin, Togo, and Ghana.
NNPC
On his part, NNPC Limited’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, emphasised the company’s active stewardship of Nigeria’s gas export commitments and its broader role in shaping regional energy cooperation across West Africa.
With gas throughput reaching approximately 80 million MMBtu in 2025, a 22 per cent rise on prior years, and discussions advancing on expanding pipeline capacity utilisation by 45 per cent in 2026, NNPC Limited remains at the centre of efforts to grow a credible, commercially viable regional gas market.
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