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Tinubu, Guinean President Mbasogo seal oil, gas deal
President Bola Tinubu and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo signed an agreement on the Gulf of Guinea Pipeline Project on Wednesday evening in Malabo, further affirming their partnership for mutual development.
The agreement covers legislative and regulatory measures for the gas pipeline, its establishment and operation, the transit of natural gas, ownership of the pipeline, and general principles.
In his remarks at the event, President Tinubu, who is on a three-day official visit to Equatorial Guinea, said the signing of the agreement would open up new opportunities for gas exploration and employment.
The President stated that the two leaders had discussed issues related to employment creation, food security, multilateral relations, and conflict resolution mechanisms on the continent during a private meeting that preceded the signing.
“Concerning Africa, conflicts and conflict resolution were discussed. We talked about various areas of conflict and what we can do to promote peace.
“We discussed the promotion of peace and stability in our countries and the growth and prosperity of our continent.
“Just as Europe and America have addressed their conflicts and found solutions, we must also address our issues related to capital inadequacies, industrialization efforts, research and development programs, and the enlightenment of our people.
“Instead of the crises and conflicts we see in the Republic of Congo and elsewhere, we must look inward to solve our problems ourselves,” the president said.
President Tinubu also mentioned that discussions with President Mbasogo covered security challenges, the African Continental Free Trade Area (AfCFTA), and food security.
“We are all committed to this. Within Africa and the African Union, we have resolved to work together to ensure that the solutions to many of our problems come from within,” the President concluded.
In his remarks, President Mbasogo emphasized that the bilateral relations with Nigeria have been rewarding over the years and highlighted the need to deepen cooperation across key areas.
President Mbasogo also affirmed the importance of Africa having a permanent seat on the United Nations Security Council for the continent’s development and confirmed that Equatorial Guinea will work with Nigeria to achieve this goal.
The signing of the agreement was described as strategic for Africa’s development.
The agreement was also signed by Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, and Equatorial Guinea’s Minister of Foreign Affairs, Mr. Simeon Oyono Esono.
Other notable attendees at the signing included Nigeria’s Minister of Justice and Attorney General of the Federation, Chief Lateef Fagbemi, SAN; Minister of Defence, Muhammad Badaru Abubakar; Minister of Interior, Dr. Olubunmi Tunji-Ojo; Minister of State for Petroleum, Gas, Ekperikpe Ekpo; and Minister of Youth Development, Dr. Jamila Ibrahim-Biu.
CREDIT: DAILY POST
Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.
Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.
This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.
The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.
In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.
As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.
The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.
The full lineup for the Round of 16 is as follows:
- Spain vs Canada
- Brazil vs Cameroon
- Colombia vs South Korea
- Mexico vs USA
- North Korea vs Austria
- Germany vs Argentina
- Netherlands vs France
- Japan vs Nigeria
The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.
In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.
A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.
Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.
He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).
Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.
We’ll be forced to export 97% of our petrol – Dangote Refinery warns
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