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South Korean Investors Set To Build Four Refineries In Nigeria – FG

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South Korean Investors Set To Build Four Refineries In Nigeria – FG. A consortium of investors from South Korea has concluded plans to build four 100,000-barrel capacity refineries in various locations in Nigeria, the Federal Government announced on Tuesday.....KINDLY READ THE FULL STORY HERE▶

 

 

 

 

 

 

 

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, stated this at the maiden edition of a summit organised by the Crude Oil Refineries Owners Association of Nigeria in Lagos.

According to him, the Federal Government is encouraging investors to build refineries by providing an open environment for all.

Lokpobiri noted that approval was recently granted to invite the consortium, the name of which he did not mention.

“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.

“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,” he narrated.

The oil minister said this will yield results because the Federal Government is open to equity investment in modular refineries and other upcoming refineries as a step to ensure energy security.

“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,” he explained.

He spoke further, “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.”

Lokpobiri said though the PIA created the petroleum ministry and National Gas Infrastructure Fund, which sources its funds from the sales of petroleum products in-country, the thought of the ministry was that a portion of the fund is used to support infrastructural development for refineries, like in the gas value chain.

“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.

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

In an effort to discourage crude oil theft and illegal refining, he said the ministry had set up an international emergency committee on home-grown solutions to in-country refining.

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Security Breach: Osun Accord Party Chairman Critically Injured After Vicious Late-Night Attack

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Asimiyu Ajibola, the Accord Party (AP) Chairman for Osogbo Local Government Area in Osun State, is fighting for his life following a targeted shooting on Wednesday night in Osogbo.....KINDLY READ THE FULL STORY HERE▶

Ajibola, widely known as Baba Isila, was ambushed along with his associates around 9:50 pm near the Community Bank in the MDS area. Eyewitnesses reported that suspected gunmen opened fire on a blue Toyota Corolla carrying Ajibola and his friends.

One occupant of the vehicle described the terrifying ordeal, stating that the attackers chased their car while firing repeatedly. They managed to drive to the Dugbe Divisional Police Headquarters for refuge, after which the assailants fled the scene.

Ajibola sustained severe injuries in the attack and was immediately rushed to the UNIOSUN Teaching Hospital, Osogbo, where he remains in critical condition.

The Osun State Commissioner for Information and Public Enlightenment, Kolapo Alimi, strongly condemned the violence and demanded a swift, thorough investigation. He stressed that the attack appeared to have political undertones and urged the police to act professionally and impartially to bring the perpetrators to justice.

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“Your Anger Is Misplaced!”: Oby Ezekwesili Exposes The Danger Of Shifting Accountability.to Pastor Adeboye

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Former Minister of Education, Obiageli Ezekwesili, has called on Nigerians to stop targeting the general overseer of the Redeemed Christian Church of God (RCCG), Enoch Adeboye, with their frustrations regarding the state of the nation. She contends that the clergyman is being incorrectly singled out and is not to blame for Nigeria’s current difficulties.....KINDLY READ THE FULL STORY HERE▶

Ezekwesili emphasized the following points in her statement:

  • She characterized Adeboye as a humble servant of God who has spent his life advocating for peace and national development.

  • While acknowledging that many Nigerians want religious leaders to be more vocal in demanding government accountability, she maintained that Adeboye has consistently offered prayers and spoken up for the nation.

  • She explained that long-standing issues—such as systemic corruption, economic hardship, and insecurity—have left Nigerians exhausted and deeply distrustful of politicians, institutions, and influential figures.

  • She warned that the country has a tendency to prioritize less significant issues rather than addressing urgent national crises.

  • Ezekwesili noted that while Adeboye typically responds to criticism with “dignified silence,” she felt compelled to speak publicly to refocus attention on the “urgency of this moment” and the core issue: the need for religious leaders to help rescue the nation from “ineffectual, corrupt, and selfish politicians”.

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Power And Protest: Aso Villa Under Guard As Nation Demands Answers For Captive Pupils And Teachers.

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Early Thursday morning, heightened security measures were implemented around the Presidential Villa in Abuja in anticipation of a protest regarding the continued abduction of students and teachers by terrorists. A wide array of security forces—including the military, police, the Department of State Services (DSS), the Nigeria Security and Civil Defence Corps (NSCDC), the Nigeria Immigration Service (NIS), and the Vigilante Group of Nigeria—were stationed at key locations.....KINDLY READ THE FULL STORY HERE▶

The security operation led to significant disruptions, including:

  • Checkpoints and barricades were established on major roads leading to the Villa, restricting both vehicular and pedestrian traffic.

  • Many employees were unable to reach their workplaces due to these movement restrictions.

  • Heavy traffic congestion occurred along the corridors of the Supreme Court, the National Assembly, and the Federal Secretariat, leaving many commuters stranded and forcing others to find alternative routes.

The demonstration, organized by human rights activist and African Action Congress presidential candidate Omoyele Sowore alongside the Take It Back Movement, was planned to begin at Eagle Square before moving toward the Presidential Villa. The primary goal of the protest is to demand the immediate release of all victims kidnapped nationwide. Furthermore, organizers have called for President Bola Tinubu to either ensure the safety and release of the captives or resign, citing a perceived failure of the government to protect citizens. This protest reflects growing public outcry regarding the frequency of school attacks and kidnappings, as well as a broader demand for increased accountability and improved security across Nigeria.

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