Nigeria’s ambitious 3m bpd dream

Heineken Lokpobiri, the Minister for State Petroleum Resources (Oil), says Nigeria is targeting 3 million barrels per day of oil production in 2025. Setting targets is good because it measures performance. Indeed, Nigeria needs increased oil production to boost its foreign earnings. His target is ambitious. The regulator of the upstream, the Nigerian Upstream Petroleum […]

Continue Reading

Govt refineries must be privatised now

Port Harcourt Refinery Early this year, the Petroleum Products Retail Outlets Owners Association of Nigeria urged the Federal Government to privatise its refineries to foster competition in the downstream. This is a sound advice. It resonates with modern business practices. The call follows the modest growth in the Nigerian crude refining sub-sector. The privately owned […]

Continue Reading

Salvaging Nigeria’s population quagmire

Nigeria’s population is already bursting at its seams leading to immense and deleterious pressures on its socioeconomic health. Yet, alarming projections indicate that a worse fate may befall the country soon. The federal, state, and local governments and their multilateral partners should swiftly intervene with clear population management policies that regulate birth rates and slow […]

Continue Reading

Tinubu ministers’ mid-term scorecard

As President Bola Tinubu marks the midpoint of his tenure, it is a fitting moment to critically assess the performance of his cabinet. Having assumed office on May 29, 2023, Tinubu’s administration now faces its first major reckoning. The Central Results Delivery and Coordination Unit, established in June 2023 and headed by Hadiza Bala-Usman, is […]

Continue Reading

Disquiet in ‘shithole countries’ as Trump arrives

By Ike Abonyi “ _My recent election has a mandate to completely and totally reverse a horrible betrayal and give people back their faith, their wealth, their democracy, and indeed their freedom”-Donald_ J. Trump Monday’s epoch-making inauguration of Donald Trump as the 47th President of the United States of America, USA, is already configuring global […]

Continue Reading

The legitimate expectations for cheaper petroleum products

Amidst the doubts expressed in many quarters as to whether or not the country’s local petroleum refining capacity has improved, it is instructive that the price of petrol has dropped marginally, giving an impression that all is well with the downstream sector of the industry. The recent spike in global oil prices may dampen that […]

Continue Reading