• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 25, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Solicits Local, Foreign Oil Firms To Help Tackle Energy Poverty

by Nse Anthony - Uko
3 years ago
in Business
Oil
Share on WhatsAppShare on FacebookShare on XTelegram

Minister of State, Petroleum Resources, Chief Timipre Sylva, has called on both local and international oil companies to join hands with the Federal Government to tackle energy poverty in the country.

Advertisement

Delivering an address at the commencement of operation of the TotalEnergies’ Ikike Oil Field, on Thursday, in Port Harcourt, Rivers State, Sylva said it is through collaboration with the private sector that Nigeria can meet the growing energy needs of the populace.

“We want to encourage other operators be it indigenous oil companies or international oil companies to emulate TotalEnergies in partnering with Nigeria to achieving a just energy transition and liberate us from energy poverty,” Sylva said, according to a statement, issued yesterday in Abuja.

The Minister noted that the major mandate of the Ministry of Petroleum Resources is to increase crude oil production to 3 million bpd from its meager 1.2 million bpd stressing that the 50,000 bpd from TotalEnergies Ikike Oil Field will no doubt contribute significantly to achieving this mandate.

While noting that the 50,000 bpd from the Okike oilfield will further boost Nigeria’s quest to reach the 3 million bpd Organization of Petroleum Exporting Countries (OPEC) mark, Sylva assured that the Federal Government will continue to support investors in the sector for the overall benefits of Nigerians as the journey towards 2060 continues.

RELATED

Passengers Face Flight Delay As Multiple Bird Strikes Hit Air Peace Aircraft

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

19 hours ago
Equities’ Investors Lose N201bn W-o-W Amid Post-MPC Rebalancing

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

19 hours ago
ADVERTISEMENT

“We want to give TotalEnergies the assurances that the Ministry of Petroleum Resources would continue to support your efforts to do more in monetizing the Nigerian Oil and Gas Resources for the benefit of Nigerians within the window between now and 2060 net-zero pledge of Nigeria,” he further noted.

The Minister said that the signing of the Petroleum Industry Bill into law is a demonstration of government’s resolve to promote growth and investments in the oil and gas sector of the economy.

Sylva, who was represented at the event by the Acting Permanent Secretary Ministry of Petroleum Resources Engr. Kamoru Busari, said the unveiling ceremony of the TotalEnergies oil field is a clear signal that the PIA has started yielding result.

ADVERTISEMENT

“I feel greatly honoured to be invited to this ceremony and want to also congratulate and thank TotalEnergies EP Nigeria Limited for the gigantic milestone achievement (Start up of the Ikike field development project – 50,000 bpd in the mist of the Energy transition clamor and defunding of Hydrocarbon projects by major Oil companies”.

He said “I have no doubt that this achievement is one of the clear signals that Petroleum Industry Act 2021, has started yielding positive results. We wish to identify with TotalEnergies in this milestone achievement as a partner in just energy transition, which is what the Honourable Minister of State, Nigeria Government and Africa has been clamoring for.”

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10172Tweet6358Share
ADVERTISEMENT
Previous Post

Ogunbanjo Steps Down As NGX Group Chairman

Next Post

Oza Field Devt Begins After Shell, Decklar Close $20m Debt Finance Deal

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Passengers Face Flight Delay As Multiple Bird Strikes Hit Air Peace Aircraft
Business

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

2025/08/24
Equities’ Investors Lose N201bn W-o-W Amid Post-MPC Rebalancing
Business

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

2025/08/24
Presco Records N58.6bn Pre-tax Profit In Q1
Business

Presco’s Shareholders Approve N26.3bn Dividend

2025/08/24
Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions
Business

Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions

2025/08/24
Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy
Business

Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy

2025/08/24
FCMB Partners Leading Real Estate Firms On Affordable Housing
Business

FCMB Group Proposes Equity Capital Raise

2025/08/24
Leadership Conference advertisement

LATEST

Association Lauds Olu Of Warri Over Peaceful Reign

MWAN Decries Rise In Harmful Traditional Practices In Rivers

Electoral Reform: CSOs Want President Lose Power To Appoint INEC Chair

Communal Crises: NEMA Distributes Relief Materials To Ebonyi Communities

‘Nigerian-American Polymath Ready To Lead California’

1,000 Nomadic Children Benefit From Vacation Courses In Bauchi

Association Wants Africa’s Democracy To Go Beyond Regular Elections

Buni Mourns Yobe Varsity’s Student Amina

Ekiti 2026: Otunba Fayose Alleges Threat To Life

Julius Berger, Others Partner To Plant 20,000 Trees In Army Cantonment

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.