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Presidency approves new investment framework for deep offshore
By Philippine Duru
philippineobetoduru@gmail.com
08034905774
President Bola Ahmed Tinubu has approved a new investment framework for Nigeria’s deep offshore oil and gas sector, with the Federal Government projecting that the reform could unlock up to $50 billion in fresh investment and revive major offshore projects that have remained stalled for years.
The Presidency said the landmark reform is designed to replace the previous system of project-by-project negotiations with a transparent, rules-based investment framework that provides greater certainty for investors while protecting Nigeria’s long-term economic interests.
According to a statement issued on Tuesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, the reform will support the development of the next generation of deep offshore projects, beginning with the approximately $10 billion Bonga South West project.
The initiative is expected to strengthen Nigeria’s competitiveness in attracting globally mobile investment capital and help restart large-scale offshore developments that require significant long-term capital commitments.
The framework has been given legal effect through the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026.
Under the new arrangement, eligible projects will be assessed against clearly defined criteria and implemented through a more predictable investment architecture, eliminating the need for prolonged negotiations on individual projects.
The Presidency said the reform followed President Tinubu’s engagement with Shell Plc Chief Executive Officer, Wael Sawan, during which the President directed the development of measures to unlock the country’s deep offshore investment pipeline.
Rather than limiting the response to a solution for a single project, the Federal Government said it developed a broader framework that would apply to multiple categories of qualifying deep offshore developments.
The approval also authorises NNPC Limited, as the government’s nominated counterparty under the Production Sharing Contracts, to proceed with the necessary amendments to eligible contracts to give effect to the new framework.
A key component of the reform is the emphasis on increasing Nigerian participation in the execution of deep offshore projects.
Olu Arowolo-Verheijen, Special Adviser to the President on Oil and Gas, said qualifying projects would be required to maximise execution within Nigeria wherever commercially and technically feasible.
She said the policy would create opportunities for Nigerian companies involved in engineering, fabrication, marine logistics, technical services and project management.
“Projects qualifying under the framework will maximise execution within Nigeria wherever commercially and technically feasible, strengthening domestic engineering, fabrication, marine logistics, technical services and project management,” Arowolo-Verheijen said.
She added that the objective was not only to increase investment and oil production but also to create skilled employment, deepen domestic supply chains and position Nigeria as a regional hub for deep offshore project execution.
The Presidency said the framework was developed following an extensive inter-agency process involving fiscal, legal, commercial and regulatory institutions, as well as major industry operators and other stakeholders.
President Tinubu commended the Federal Ministry of Justice, Federal Ministry of Finance, Federal Ministry of Petroleum Resources, Nigeria Revenue Service, NNPC Limited, Nigerian Upstream Petroleum Regulatory Commission and Nigerian Content Development and Monitoring Board for their contributions to the process.
He also acknowledged the role of investing partners and other industry stakeholders whose technical expertise and collaboration contributed to the development of the framework.
President Tinubu said the reform was aimed at creating an investment environment capable of attracting long-term capital by providing clear rules and stronger institutional certainty.
“The countries that attract long-term investment are not necessarily those with the greatest natural resources. They are the ones that provide the greatest certainty,” the President said.
He added that the reform demonstrated his administration’s determination to establish an investment environment built around clear rules, strong institutions and enduring partnerships.
“We are creating the conditions for capital to flow, for Nigerian businesses to grow, for our people to prosper and for our natural resources to deliver lasting national value,” Tinubu said.
The Federal Government expects the new framework to help revive Nigeria’s deep offshore investment pipeline, boost future oil and gas production, expand local industrial capacity and generate significant economic opportunities as the country seeks to attract billions of dollars in new capital to its energy sector.
News
KACRAN: Insecurity in North can end within 45 days if leaders are committed
By Philippine Duru
philippineobetoduru@gmail.com
08034905774

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has declared that the worsening insecurity in the North West and North Central regions of the country can be brought to an end within 45 days if the Federal Government, state governors and other stakeholders demonstrate sufficient political will and commitment.
The association said the two regions possess the human resources, political influence, traditional institutions and leadership capacity required to resolve the security challenges that have claimed numerous lives, displaced communities and crippled agricultural activities.
KACRAN’s National President, Hon. Khalil Mohd Bello, made the assertion in a statement expressing concern over the persistent killings, banditry, cattle rustling and destruction of property across northern Nigeria.
According to him, the association has developed a peace proposal that could restore stability to the troubled regions within 45 days if implemented with the full cooperation of federal and state authorities.
He explained that the proposed timeline would involve two weeks of consultations and engagement with relevant groups, followed by one month of decisive measures to implement the peace agreement.
Bello lamented that northern Nigeria, once celebrated for its unity, peaceful coexistence, generosity and political advancement, had become a theatre of violence where armed groups terrorise innocent citizens.
He said the activities of bandits and other armed groups had forced thousands of families to abandon their ancestral homes, prevented farmers from accessing their farmlands and resulted in widespread livestock theft.
The KACRAN president argued that the continued deterioration of security was particularly disturbing considering the calibre of political, military, traditional and religious leaders produced by the region.
He said: “KACRAN strongly and respectfully believes that with the support and cooperation of the Federal Government and the concerned state governments, the North has the full capacity and ability to end insecurity in the North West and North Central within 45 days, if truly committed.”
Bello maintained that the regions had produced several Nigerian presidents, military generals, senior security officers, experienced administrators and influential politicians capable of contributing meaningfully to peacebuilding efforts.
He also pointed to the regions’ population and electoral importance, stressing that northern political leaders had a responsibility to protect the lives and livelihoods of their constituents.
According to him, restoring peace before the 2027 general elections would enable displaced residents to return to their communities and participate in civic activities, including voting.
He warned that allowing insecurity to persist would further undermine Nigeria’s food security, given the strategic importance of the North West and North Central to agricultural production.
Bello said the regions’ traditional rulers, religious leaders and political stakeholders should be mobilised to facilitate meaningful dialogue with armed groups and other parties involved in the conflicts.
Citing developments in Kaduna and Katsina states, he argued that dialogue had demonstrated its potential to resolve even deeply entrenched security challenges.
The association particularly commended Kaduna State Governor, Uba Sani, for his peace initiatives in Birnin Gwari, which it described as an example of how engagement with relevant stakeholders could help address longstanding conflicts.
Bello praised the governor’s commitment to peace, unity and economic development, urging his counterparts in the North West and North Central to emulate his approach.
He said: “We wish to most sincerely express our deepest appreciation to His Excellency, Malam Uba Sani, the Executive Governor of Kaduna State, for his genuine love for the peace, unity and economic development of his people.
“We respectfully call on North West and North Central governors to emulate his good example.”
KACRAN also questioned the emphasis on establishing state police as a solution to insecurity, arguing that governments should instead prioritise conflict resolution and sustainable employment opportunities for young people.
The association expressed concern about the long-term sustainability of security-related employment, particularly in the face of changing government revenues.
It advocated massive investment in agriculture, livestock development, fisheries, industries and commercial activities as more sustainable approaches to tackling unemployment and addressing some of the underlying causes of insecurity.
Bello maintained that armed groups operating across the two regions could be reached through coordinated peace initiatives involving traditional institutions, government authorities and local communities.
He argued that relying exclusively on military operations had failed to produce the desired results despite the substantial public resources committed to security interventions.
According to him, dialogue should complement security operations, while firm action should be taken against armed groups that reject genuine peace initiatives.
The association also warned against the proliferation of ethnic-based vigilante organisations, saying such groups could deepen divisions and trigger retaliatory violence.
Bello said the establishment of vigilante groups along ethnic lines might encourage rival communities to form similar armed organisations, thereby complicating an already fragile security situation.
He condemned the recent killings in Plateau, Taraba and Zamfara states, as well as other attacks involving the destruction of property and rustling of livestock.
KACRAN further urged northern leaders not to postpone decisive action on insecurity until the 2027 general elections.
It maintained that resolving the security challenges before the elections would create a more favourable environment for economic recovery and enable future administrations to concentrate on development.
Drawing a comparison with Rwanda’s recovery from the 1994 genocide, Bello said northern leaders could similarly mobilise the political will and collective determination necessary to restore peace.
He argued that the region’s abundant human and natural resources made continued insecurity unacceptable.
The association consequently appealed to the Federal Government and governors of the affected states to adopt its proposed peace framework without further delay.
Bello said: “It is not in the best interest of the North to continue to live with insecurity while waiting for the next election cycle in 2027.
“Our security challenge should be addressed now, so that whoever comes to power in 2027 can continue and expand efforts at building our economy through massive job creation, youth employment, livestock development, fisheries, arable farming and boosting commercial activities.”
He urged the authorities to provide the necessary political, financial and institutional support for the immediate implementation of the association’s proposal.
The KACRAN president reiterated that while dialogue should remain central to the peace process, security agencies must take decisive action against bandits who refuse to embrace peace.
He expressed confidence that a coordinated approach involving federal and state governments, traditional rulers, religious leaders, security agencies and community stakeholders could bring lasting stability to the troubled regions.
News
KACRAN urges northern governors to adopt Buni’s economic blueprint, seeks FG’s soft loans
By Philippine Duru
philippineobetoduru@gmail.com
08034905774

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has challenged the 18 Northern governors to adopt the commercial development blueprint of Yobe State Governor, Mai Mala Buni, as a strategy to tackle worsening unemployment, insecurity and economic decline across Northern Nigeria.
The association also called on President Bola Ahmed Tinubu to introduce accessible soft loans and special intervention funds to support traders and entrepreneurs, particularly those operating in newly constructed modern markets.

KACRAN said the intervention would stimulate commercial activities, create employment opportunities, reduce insecurity and contribute significantly to Nigeria’s Gross Domestic Product (GDP).
In a statement issued on Tuesday, October 13, 2026, and signed by its National President, Hon. Khalil Mohd Khalil, the association lamented the deteriorating economic and security situation in Northern Nigeria, describing it as a sharp departure from the region’s prosperous past.
It recalled that between the 1960s and 1990s, Northern Nigeria enjoyed relative peace, economic prosperity, strong communal relationships and a thriving commercial environment that attracted investors and traders from across Nigeria and beyond.

According to the association, the region was once renowned for its hospitality, trustworthiness, agricultural productivity and economic opportunities, which enabled young people to establish businesses and secure employment with relative ease.
KACRAN expressed concern that insecurity, industrial collapse, unemployment and growing ethnic, religious and political mistrust had undermined these achievements.
It particularly lamented the devastating impact of insurgency on farming, livestock production and fishing, warning that the increasing number of unemployed youths posed serious threats to food security and national stability.
“Anyone who knew the North of Sir Ahmadu Bello, the Sardauna of Sokoto, and sees the North of today, must shed tears and begin to think deeply on how to restore its lost glory and make it compete favourably with any region in the world,” the statement said.
The association identified Governor Buni’s investments in commercial infrastructure as a practical model for reversing the region’s economic decline.
It commended the governor for investing billions of naira in the construction of modern markets, trailer parks and agricultural processing facilities despite the security challenges that have affected Yobe State over the years.
KACRAN disclosed that the Buni administration had embarked on the construction of 19 modern markets across the state’s 17 local government areas.
According to the association, markets have been completed in Potiskum, Damaturu, Gashua, Nguru, Gaidam and other major towns, while projects in several other locations are at advanced stages of completion.
It explained that Gujba and Fune local government areas were among those designated to benefit from two modern markets each.
The association further disclosed that the administration had constructed a trailer park in Potiskum, while another facility was under construction in Damaturu to strengthen transportation and commercial activities.
It also highlighted the establishment of four sesame seed cleaning and packaging factories in Nguru, Machina, Damaturu and Potiskum as part of efforts to promote agricultural industrialisation and create employment opportunities.
KACRAN maintained that the projects had stimulated economic activities, restored confidence among business operators and generated thousands of direct and indirect employment opportunities.
The association particularly praised the state’s Commissioner for Commerce, Industry, Tourism and Solid Minerals, Hon. Kaigama Umar, for what it described as his commitment to the implementation of the governor’s economic development agenda.
It said Umar’s administrative experience and relationship with the business community had contributed significantly to the execution of the projects.
Calling for the replication of the initiative across the North, KACRAN said the region urgently needed deliberate investments in commercial infrastructure, industrial development and employment generation.
“On this note, KACRAN passionately challenges the 18 Northern Governors to adopt Governor Buni’s Commercial Revolution Blueprint as a workable template to revive the economy of the entire Northern Nigeria,” the statement said.
The association stressed that infrastructure development alone would not achieve the desired economic transformation without adequate financial support for traders, small businesses and entrepreneurs.
It consequently appealed to the Federal Government to establish financing arrangements that would enable business operators to access affordable credit and expand their operations.
“We also urgently call on His Excellency, President Bola Ahmed Tinubu, GCFR, to complement this laudable effort by providing accessible soft loans and special intervention funds for businessmen and women who have now secured befitting modern markets.
“This will boost their capital, create millions of jobs along the commercial value chain, drastically reduce insecurity, and significantly increase our nation’s GDP,” KACRAN stated.
The association expressed optimism that similar investments across the 18 Northern states, complemented by financial support for businesses, could help revive the region’s commercial activities and reduce the economic pressures contributing to insecurity.
It also commended the Permanent Secretary of the Yobe State Ministry of Commerce, Industry, Tourism and Solid Minerals, the ministry’s directors, the Managing Director of the Yobe State Investment Company, general managers and other officials for their roles in supervising the projects.
KACRAN urged political leaders across the region to prioritise economic recovery, job creation and sustainable commercial development over political differences.
It maintained that the economic transformation being pursued in Yobe State should serve as a broader development model for Northern Nigeria and the country.
“This revolution is not just for Yobe, it is for the North and for Nigeria,” the association declared.I can also make the story more investigative and compelling, with a stronger opening focusing on how insecurity, unemployment and the collapse of industries have devastated Northern Nigeria, before introducing Governor Buni’s economic revival programme.
News
Swiftthinkers Essay Competition: 40 Lagos pupils qualify for next stage
By Philippine Duru
philippineobetoduru@gmail.com
08034905774

A teacher, Temilola, has expressed satisfaction with his pupil’s performance in the Swiftthinkers Essay Competition, urging pupils to remain determined and persistent in their academic pursuits.
Temilola, who commended the pupil’s performance, emphasized the importance of perseverance, noting that academic success goes beyond passing or failing.
“I am excited he did well. I always tell my pupils that life is not about passing or failing. It is about not giving up,” Temilola said.
The Swiftthinkers Essay Competition is an initiative designed to promote academic excellence among pupils by assessing their knowledge and skills in key subject areas, including language, numerical analysis and reasoning.
The competition provides a platform for pupils to demonstrate their intellectual abilities while encouraging a culture of learning, critical thinking and determination.
The initiative was supported by UAC Foods, BOLAD Catering Services and Hothobs.
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