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BREAKING; Foreign Consortium to build four Refineries in Nigeria – Fed Govt

 

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A consortium of South Korean investors has finalised plans to construct four refineries in Nigeria, each with a capacity of 100,000 barrels per day.

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, revealed this during the inaugural summit of the Crude Oil Refineries Owners Association of Nigeria in Lagos.

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Lokpobiri explained that the government is actively fostering a favorable environment for investors to build refineries in the country. He also mentioned that approval had recently been granted to invite the consortium, though he did not disclose the group’s name.

He said: “We encourage investors to build limited refineries by providing an open environment. A recent approval was granted to invite to Nigeria a consortium of investors from South Korea, which intends to establish four 100,000 barrels-model refineries in four different locations in Nigeria.

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“We have adopted the public-private partnership model to unlock investment in the midstream and downstream segments of the oil and gas sector, which will lead to the establishment of more modular and mega refineries.”

The oil minister stated that this approach will be effective, as the Federal Government is open to equity investments in modular and upcoming refineries, aiming to strengthen energy security.

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“The Nigerian Upstream Petroleum Regulatory Commission has developed and published the domestic crude supply obligation guidelines to ensure transparency in the oil industry and ensure access to feedstock by our local refineries.

“In addition, we prioritise and work with stakeholders to ensure effective implementation of the recommendations of the Modular Refinery Committee to give special concession to local refineries’ owners, thereby guaranteeing feedstock to their refineries.

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“We will ensure the deregulation of the downstream sector is 100 per cent and put in place a necessary framework that will ease the impact on the poor masses.

“The ministry has facilitated easier access to existing tax and other exemptions on refinery equipment importation, which is part of our plan to make Nigeria self-sufficient for petroleum producers and become Africa’s petroleum refining hub.”

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Lokpobiri explained that while the Petroleum Industry Act (PIA) established the Ministry of Petroleum and the National Gas Infrastructure Fund—financed by domestic petroleum product sales—the ministry envisions allocating a portion of this fund to support infrastructure development for refineries, similar to its role in the gas value chain.

He disclosed that: “In effect, we will initiate the review of the PIA to enable this. Meanwhile, CORAN as a body should take up the campaign. Through the Petroleum Technology Development Fund and the Nigerian Content Development and Monitoring Board, we are prioritising partnerships with international institutions in knowledge transfer for manpower in refinery operations, and investment in research and development, to support technological advancements and innovation in the refining sector.

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“In no distant time, we intend to create the apprenticeship programme in collaboration with existing refineries to develop expertise in our refinery operations.”

To combat crude oil theft and illegal refining, the minister announced the establishment of an international emergency committee focused on developing home-grown solutions for domestic refining.

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JUST IN; Oyo Governor, Makinde names Olubadan as Chairman Oyo Council of Obas

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JUST IN; Oyo Governor, Makinde names Olubadan as Chairman Oyo Council of Obas

Oyo State Governor, Seyi Makinde, has inaugurated the Oyo State Council of Obas and Chiefs, declaring that the Olubadan of Ibadan, Oba Rashidi Ladoja, will be heading the council for a period of 2 years.

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The declaration follows the passing of the Oyo State Council of Obas and Chiefs (Further Amendments) Bill, 2025, by the state House of Assembly, and the signing of the same into law by the governor.

Recall that the lawmakers had amended Clause 5 of Section 28 of the Chieftaincy Law to make the Council chairmanship rotational among the Alaafin of Oyo, the Soun of Ogbomoso, and the Olubadan of Ibadanland.

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While inaugurating the Council, Governor Makinde said he had consulted with the trio of the Alaafin, the Olubadan and the Soun, with the three of them reaching a consensus that the chairmanship should start with the Olubadan of Ibadanland, His Imperial Majesty Oba Rashidi Ladoja.

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NPF committed to community policing, says IGP Egbetokun

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NPF committed to community policing, says IGP Egbetokun

The Inspector General of Police (I-GP), Dr Kayode Egbetokun, has assured that the police remained committed to community policing to ensure that criminals were drastically reduced in the country.
The I-GP, who was represented by the Assistant Inspector of Police ( AIG) Zone 17, Dr Ajani Musibau, stated this at the Police Community Relations Committee ( PCRC) National Leadership Training and Conference on Thursday in Akure.
The theme of the conference is: “Inclusivity and Diversity: the New Leadership Paradigm.”
He said that security could not be achieved by only the police, but with the support from the community.
The I-GP stated that security was a joint work and responsibility of all, commending the current leadership of the Nigeria Police for a paradigm shift towards modern policing.
Also, the Commissioner of Police in Ondo State, Mr Adebowale Lawal, said that bandits could not infiltrate the state due to community policing strategy embraced by the command.
He explained that bandits would have infiltrated the state through Kogi and Edo, but intelligence reports from members of PCRC had been a great help to the police command.
According to him, the support and logistics received from the Inspector General of Police, Dr Kayode Egbetokun and Gov. Lucky Aiyedatiwa had also motivated police personnel to work earnestly.
He said that effective community policing was a sure way to curb activities of criminals, and implored members of the public not to relent in their efforts to provide police and other security agencies with useful information.
Lawal also commended other conventional security agencies, forest guards and vigilantes for their support to the police in fighting bandits
In his remarks, the National Chairman of PCRC, Alhaji Ibrahim Mogaji said that the conference was to strengthen leaders of PCRC in the South-West zone and encourage them to redouble their efforts and support in fighting crimes.
According to Mogaji, the occasion also enabled the association to appreciate Gov. Aiyedatiwa, I-GP, the AIG Zone 17 and the state Commissioner of Police.
He advised the participants to moblise other members of PCRC and orientate them on their roles to continue to fight crime in the country.
The PCRC national chairman asked Nigerians to respect the dignity of police and to be civil when interacting with them.
Mogaji said that the leadership training would be replicated in other geo-political zones of the country.
Also, Aiyedatiwa, represented by his Senior Special Assistant on Security, Mr Gbenga Atiba, commended the PCRC , AIG Zone 17, and the Commissioner of Police for their unrelenting efforts to guarantee peace across the state.
Aiyedatiwa promised that the state government would give PCRC attention and continue to support police and other security agencies with appropriate logistics that would make policing more effective.
A guest lecturer, Comrade Yinka Folarin asked members of the public to give respect and dignity to members of the police, saying that they also had rights that must be respected.
The News Agency of Nigeria (NAN) reports that PCRC honoured Gov. Aiyedatiwa, AIG Zone 17 and the Commissioner of Police with awards. (NAN)

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Increase salary, welfare packages for Police other security personnel – FG told

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Increase salary, welfare packages for Police other security personnel – FG told

Peoples Democratic Party (PDP) has called for improved welfare packages for armed forces personnel and all members of the security and intelligence community to aid their effectiveness and efficiency.

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National Chairman of PDP, Tanimu Turaki, made the call in a statement in Abuja on Thursday to mark the 2026 Armed Forces Celebration and Remembrance Day.

Turaki also urged the Federal Government to adequately fund security agencies to effectively neutralise those he described as agents of insecurity, and restore peace to the country.

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He expressed PDP’s condolences to the families of members of the armed forces who died in active service while executing their mandate of protecting Nigeria’s territorial integrity and sovereignty.

“On a day like this, we acknowledge that they paid the supreme price for the continuous existence of our country.

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“We advise all actors, whether state or non-state, not to engage in actions capable of destabilising the country.

“In honour of those who have died to keep our country safe, we pray that their deaths may not be in vain and their labours not forgotten,” Turaki said.(NAN)

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