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Expert urges NUPRC reform drive

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A petroleum economist, Prof. Wumi Iledare, has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to prioritise reforms that attract investment and improve regulatory efficiency.

Iledare, Emeritus Professor of Petroleum Economics and Policy Research at Louisiana State University, United States, made the call in an interview with NAN on Sunday.

He said the success of the Petroleum Industry Act (PIA) should be measured by economic value creation rather than licences issued or regulations enacted.

He said effective regulation should ensure Nigeria’s petroleum resources generate sustainable wealth for present and future generations.

Iledare noted that Nigeria competes with countries including Guyana, Brazil, Norway, the United States and the United Arab Emirates for investment capital.

He said investors increasingly favour jurisdictions offering regulatory certainty, transparent licensing systems, predictable policies and efficient institutions.

The economist identified lengthy approvals, overlapping responsibilities, policy inconsistencies and uncertainties surrounding host community implementation as major investment obstacles.

“Every unnecessary regulatory delay increases project costs, reduces profitability and weakens investor confidence,” he said.

He urged NUPRC to accelerate reforms by shortening approval timelines, strengthening transparency, maintaining fiscal stability and adopting digital technologies.

According to him, electronic licensing, automated reporting systems and artificial intelligence-driven compliance monitoring can significantly reduce bureaucracy and transaction costs.

He added that integrated digital platforms would improve operational efficiency and enhance Nigeria’s competitiveness in the global energy market.

Iledare stressed the importance of maintaining stable regulations throughout petroleum project lifecycles, which often extend between 20 and 30 years.

“Investors require long-term certainty because upstream petroleum investments are capital intensive and span several decades,” he said.

He also advocated investment incentives that improve project economics without undermining government revenues.

Such measures, he said, included flexible royalty structures, accelerated capital allowances, investment tax credits and performance-based incentives.

To support indigenous operators, Iledare recommended stronger reserves certification standards and greater transparency in petroleum sector data.

He also proposed reserve-based lending, infrastructure partnerships and development finance mechanisms to improve access to capital.

On security, he warned that oil theft, pipeline vandalism and production disruptions continue to undermine investment attractiveness.

“Insecurity functions as an implicit tax on investment,” he said, noting that it raises costs and reduces production efficiency.

He emphasised stronger collaboration among government, investors, operators and host communities to reduce operational risks.

According to him, trust and stable community relations help minimise project delays and improve investment outcomes.

Looking ahead, Iledare said the global energy transition should be viewed as an opportunity rather than a threat.

He urged Nigeria to position itself as a lower-carbon, lower-cost and more efficient petroleum producer.

The professor advocated expanded natural gas development, reduced methane emissions and stronger carbon management practices.

He described natural gas as a strategic transition fuel capable of supporting industrialisation and attracting responsible investment.

Iledare said NUPRC’s performance after five years of the PIA should be judged by outcomes rather than administrative activity.

He said success means investors earn competitive returns, government receives fair revenues and host communities benefit from resource development.

The economist added that Nigeria must also strengthen energy security and build greater economic resilience through effective resource management.

He said that regulatory performance should be assessed through efficiency, effectiveness, equity and ethics.

“Regulation should ultimately focus on creating value rather than simply producing more rules,” Iledare said.

He added that NUPRC’s long-term success depends on reducing risks, lowering transaction costs and maximising the value of Nigeria’s petroleum resources.

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FRSC disowns viral recruitment notice, warns applicants against fraudsters

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The Federal Road Safety Corps (FRSC) has disowned a viral notice circulating on social media.

The fake notice directed applicants who were not shortlisted or did not receive invitation messages to report to the nearest FRSC camp for verification.

The FRSC issued the warning via its official social media platforms on Sunday in Abuja.

The corps described the notice as fake and unauthorised, urging members of the public, particularly applicants for the 2026 recruitment exercise, to disregard it.

The corps said the fraudulent notice directed affected applicants to report to the nearest FRSC camp for verification on or before Sept. 25.

It clarified that no such directive had been issued by the corps and warned applicants against acting on the information.

The corps advised applicants not to report to any FRSC office, camp or training institution based on the circulating message.

It urged members of the public to rely exclusively on official FRSC communication channels for authentic information and updates concerning the 2026 recruitment exercise.

The corps further warned applicants against falling victim to individuals who might seek to exploit the recruitment exercise for fraudulent purposes.

It  advised applicants not to make payments, share personal information or follow links circulated by unauthorised persons claiming to facilitate recruitment into the Corps.

The FRSC said any individual found using the recruitment exercise to deceive or defraud members of the public would be reported to the appropriate law-enforcement authorities.

The corps reiterated its call on members of the public to disregard the fraudulent publication and exercise caution to avoid becoming victims of recruitment scams.

It also advised prospective applicants to verify any recruitment-related information through its recognised and official communication channels before taking any action.(NAN).

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Tinubu ​‌‍​‌‍‌‍⁠⁠‌⁠‌​​⁠​‌⁠‌​commends Kaduna’s free CNG transit scheme

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President Bola Tinubu has commended the Kaduna State Government’s free Compressed Natural Gas (CNG) mass transit scheme.

Tinubu described the initiative as an example of practical, people-centred intervention capable of reducing transportation costs for Nigerians.

The scheme, involving 100 CNG powered buses, recorded about 3.2 million passenger trips and saved commuters more than N3.5 billion in its first year.

The President made the commendation in a post on his official X account, where he made special mention of Kaduna’s intervention.

“This is more of what we need to see at the subnational level,” Tinubu stated.

The commendation came amid renewed efforts by the Federal Government and the 36 states to accelerate the National Affordable CNG Transit Programme.

The initiative is aimed at reducing transportation costs and providing relief to Nigerians affected by rising fuel and commuting expenses.

At a meeting with governors on Aug. 27, Tinubu and the state governors agreed on coordinated action to reduce transportation costs.

The governors subsequently constituted an implementation committee under the Nigeria Governors’ Forum to drive the initiative.

The committee is chaired by Kwara Governor and NGF Chairman, AbdulRahman AbdulRazaq.

Working with the Presidential Initiative on CNG and Electric Vehicles, the committee is identifying priority transport corridors and appropriate interventions.

It is also developing an operational framework for effective implementation of the programme across the states.

The Federal Government says Nigeria’s abundant gas resources provide an opportunity to reduce dependence on imported fuels and exposure to global energy shocks.

Tinubu has ruled out a return to the petrol subsidy regime, saying such a move would expose the economy to international oil price fluctuations.

He said the government would instead support states adopting CNG transportation and other interventions capable of providing measurable relief to citizens.

Reacting to the commendation, Kaduna Governor Uba Sani expressed appreciation to Tinubu for recognising the state’s intervention.

Sani reaffirmed his administration’s commitment to policies aimed at protecting vulnerable households and expanding access to essential services.

“We deeply appreciate President Bola Ahmed Tinubu for this recognition and his administration’s continued support to subnational governments,” Sani said.

The governor said Kaduna had continued to set benchmarks in education, vocational training, skills development and CNG mass transportation.

“Kaduna remains the only subnational government providing free CNG mass transit rides to its citizens,” he said.

According to him, the scheme recorded about 3.2 million passenger trips and saved commuters more than N3.5 billion during its first year.

Sani said the intervention had become one of the state government’s major measures for cushioning the effects of petrol subsidy removal.

“Our commitment remains clear: to put people first, reduce the burden on vulnerable households and ensure dividends of governance reach ordinary citizens,” he said.

The free CNG transit scheme provides fare free transportation on designated routes, benefiting workers, traders, students and other residents.

The intervention forms part of the state government’s wider investments in education, skills development, economic inclusion and human capital development.

The state government said the scheme demonstrates how targeted public interventions can reduce household expenditure and improve access to affordable transportation.

The President’s recognition also places Kaduna’s experience within the Federal Government’s broader effort to promote cheaper and cleaner domestic energy alternatives.

The Kaduna Government said it would sustain the initiative and continue implementing policies designed to deliver tangible benefits to residents.(NAN).

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Troops ​‌‍​‌‍‌‍⁠⁠‌⁠‌​‌​⁠‍⁠‌​arrest 15 suspects, rescue 4 kidnap victims in Plateau, Benue

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The Nigerian Army troops have apprehended 15 suspected kidnappers, and rescued four kidnap victims in separate operations in Plateau and Benue.

An operational report made available on Sunday said troops also recovered suspected stolen food items and arrested another suspect allegedly linked to illegal possession of a firearm.

The report said the troops of Operation Enduring Peace (OPEP) arrested 11 suspects during a raid on Shere, Gwafan and Maza Hills in Jos North Local Government Area of Plateau.

It said the suspects included three allegedly linked to a recent kidnapping incident and remained in military custody for further investigation.

According to the report, troops arrest a suspected criminal at Dong Kassa Community for alleged illegal possession of a firearm in another operation in Jos North.

It added that troops searched the suspect’s residence but recovered nothing significant.

“Earlier, troops responding to suspected criminal activities at Berger Junction, Mista-Ali, in Bassa Local Government Area, arrested two suspects.

“Troops also recovered a vehicle loaded with suspected stolen items, including palm oil, rice, sugar, seasoning cubes and an empty jerrycan.

“The suspects and recovered items were handed over to the Police at Mista-Ali Outpost for further action.

“In Benue, troops of Operation Whirl Stroke (OPWS) rescued four kidnap victims along the Takum-Katsina-Ala Road in Katsina-Ala Local Government Area.

“The victims were subsequently reunited with their families,” it said. (NAN).

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