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Akpabio, Abbas, Dangote Lead Powerhouse Lineup for Reps’ Historic Downstream Week
According to Nivo News, Senate President Godswill Akpabio and Speaker of the House of Representatives, Abbas Tajudeen, will headline the maiden edition of the House of Representatives Committee on Downstream’s Annual Downstream Week, bringing together top figures across Nigeria’s oil and gas industry.....KINDLY READ THE FULL STORY HERE▶
The landmark event, scheduled to commence on October 13, will attract a lineup of high-profile participants including the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed; President of Dangote Group, Aliko Dangote; and Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe. Leaders of PENGASSAN, NUPENG, refinery owners, major marketers, and other petroleum distributors are also expected to grace the occasion.
Chairman of the House Committee on Petroleum Resources (Downstream), Hon. Ikenga Imo Ugochinyere, disclosed that key government officials such as the two Ministers of State for Petroleum, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and the Governor of Lagos State, Babajide Sanwo-Olu, will also attend the high-level gathering.
Ugochinyere described the summit as Nigeria’s most influential assembly of petroleum industry stakeholders — a platform for lawmakers, regulators, and investors to engage in policy dialogue, gain regulatory insights, and explore fresh investment and security opportunities shaping the nation’s downstream sector.
He emphasized that the event will celebrate achievements within the petroleum downstream space while addressing challenges that hinder growth and stability. “It is a celebration of excellence and an opportunity to design sustainable solutions to the issues confronting our sector. Through collaboration and innovation, we aim to chart a new course for the future of Nigeria’s petroleum downstream industry,” he stated.
The Benue State Police Command has confirmed the arrest of seven suspected militia herdsmen in connection with the abduction of passengers travelling in an 18-seater Benue Links bus along the Makurdi–Otukpo road last Wednesday.....KINDLY READ THE FULL STORY HERE▶
Public commentator Mahdi Shehu has expressed concern over what he described as inadequate funding for military equipment, warning that it could endanger the lives of soldiers in active service.....KINDLY READ THE FULL STORY HERE▶
In a post shared on his official X account on Monday, Shehu reacted to reports suggesting that only a small fraction of the Nigerian Army’s 2025 budget for security equipment has been released.
He stated that although over ₦20 billion was approved for the procurement of security equipment, only about ₦1.7 billion—roughly 7 percent—has reportedly been disbursed so far.
Shehu questioned the possible impact of the funding gap on troop safety, suggesting it could be linked to growing battlefield casualties.
He also raised concerns about reported cases of soldiers abandoning their posts, implying that insufficient equipment and support may be contributing factors.
The commentator further asked what had become of funds borrowed in the name of addressing insecurity, calling for accountability in their use.
Shehu also suggested that delays or restrictions in releasing security funds could have serious consequences for both military personnel and civilians.
He expressed worry that different levels of government may not be fully meeting their responsibilities in ensuring the safety of lives and property.
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the ongoing tensions involving the United States, Israel, and Iran are triggering global energy shocks that are contributing to rising inflation in Nigeria.....KINDLY READ THE FULL STORY HERE▶
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