News
Ogun, NNPC Partner to Revive OKLNG as $7bn Port, Marine Economy Project Takes Shape
Ogun State and the Nigerian National Petroleum Company Limited (NNPC) have opened discussions on the revival of the long-delayed Olokola Liquefied Natural Gas (OKLNG) project in Ogun Waterside, adding a major energy component to the emerging $7 billion maritime and industrial development taking shape along the state’s coastline.
The development comes barely a week after the Ogun State Government signed Memoranda of Understanding with global ports and logistics operator, DP World, for the development of the Gateway Deep Sea Port and the 10,000-hectare Ogun State Blue Marine Special Economic Zone.
The DP World agreements, signed in Paris in the presence of President Bola Ahmed Tinubu, are expected to attract more than $7 billion in initial investment and create over 50,000 direct jobs. The Gateway Deep Sea Port is planned with a four-kilometre berth and an 18-metre draft, while the adjoining economic zone is designed to support manufacturing, processing, logistics and export-oriented industries. (Channels Television)
Receiving officials of NNPC in Abeokuta on Wednesday, Governor Dapo Abiodun said the renewed interest in the LNG project would further strengthen Ogun’s emergence as a major industrial and energy hub.
“Last Wednesday, we signed an MoU on the Deep Sea Port, and today we have the NNPC team here discussing the activation of the LNG plant,” Abiodun said.
The Governor said the proposed LNG facility, which had been on the drawing board for more than three decades, could provide a major energy base for industries within the emerging coastal economic corridor and contribute to meeting the energy needs of the wider South-West.
He described the revival of the project as particularly significant coming immediately after the agreement with DP World, noting that the port, marine economy, industrial zone and LNG project could collectively create an integrated ecosystem for energy, manufacturing, maritime trade and logistics.
“They have come to discuss with us the LNG plant that was originally designed and called OKLNG, which was meant to be situated on our coastline. Now, they have brought the project back to life,” the Governor said.
According to Abiodun, discussions with NNPC focused on land acquisition, incentives and other requirements necessary to facilitate the take-off of the project, with the state government committing to provide the necessary cooperation and guarantees.
“They will pay for land in the Economic Zone, and we will be giving them all the cooperation that this project deserves. We will give them all the assistance and guarantees,” he said.
The Governor said the project could generate substantial employment and multiplier effects, citing the NNPC facility in Bonny, Rivers State, where he said about 14,000 people are employed.
He added that the Ogun facility could supply gas to industries within the economic zone as well as businesses and communities across Ogun and the wider South-West.
The renewed push for OKLNG adds an important energy dimension to the coastal investment corridor being developed around Ogun Waterside. The Federal Government had, at the Paris signing ceremony, identified the OK LNG project as part of the broader strategic corridor linking maritime infrastructure, industry, energy and trade. (State House Abuja)
Under the emerging development framework, the Gateway Deep Sea Port would provide maritime access for the movement of raw materials, equipment and finished products; the Blue Marine Special Economic Zone would provide the industrial and logistics platform; while the LNG project could strengthen the energy supply required to support gas-based industries and other businesses.
President Tinubu had described the integration of the port with the economic zone as an industrial ecosystem, while noting that the emerging corridor would connect with the OK LNG project and other strategic infrastructure. (State House Abuja)
Abiodun said DP World’s global experience in developing ports and integrated economic zones would be important to the realisation of the coastal development, noting that the company operates major port and economic-zone facilities around the world.
He explained that the deep sea port was being developed under a Public-Private Partnership framework, with private investors providing the funding while the Federal Government serves as guarantor.
On the LNG project, NNPC Group Chief Financial Officer, Mr Adedapo Segun, said the company was undertaking a comprehensive review of the challenges that stalled the project in the past, with the objective of finding lasting solutions and resuscitating it.
“We are here to engage with the government of Ogun State on the project we are looking to site along the coastline of the state,” Segun said.
Also speaking, NNPC Executive Vice President, Gas, Power and New Energy, Mr Lekan Ogunleye, disclosed that the company would require approximately 1,728 hectares for the LNG plants, utilities, storage facilities and associated infrastructure.
He said the project would also require about 2.5 kilometres of dedicated Atlantic frontage to support marine traffic and safety requirements for up to three LNG jetties.
Ogunleye congratulated the people of Ogun State on the proposed project, saying its successful implementation would have a significant impact on the economic fortunes of the state.
For Ogun, the simultaneous movement on the OKLNG project and the DP World-backed port and Blue Marine Special Economic Zone represents the development of complementary infrastructure around the same coastal corridor—linking energy supply with maritime access, industrial production, logistics and export markets.
The development also adds to the wider infrastructure network planned for the area, including the Ogun section of the Lagos-Calabar Coastal Highway, which the Presidency said would provide a critical connection between the port, economic zone, Lagos, the Nigerian hinterland and wider African markets. (State House Abuja)
The emerging Ogun Waterside corridor therefore moves beyond the development of an individual port or LNG facility, with the projects collectively aimed at creating an integrated platform for energy, maritime commerce, manufacturing, logistics and international trade.
News
FG Declares War On Scrap Metal Theft, Vandalism
The Federal Government has moved to end the theft and vandalism of public infrastructure through tighter regulation of Nigeria’s scrap metal industry.
The Minister of Steel Development, Prince Shuaibu Abubakar Audu, said the proposed 2026 Scrap Metal Regulations would sanitise the sector, protect critical national assets and boost local steel production.
Audu, represented by the Director, Metallurgical Raw Material Development and Investment Promotion Department, Ime Eprikpo, spoke at a two-day stakeholders’ engagement on the validation of the draft regulations, held in Lagos.
He said the proposed Scrap Metal (Collection, Trading, Recycling and Regulation) Regulations would establish a transparent and sustainable value chain capable of supporting Nigeria’s industrialisation drive.
The minister identified scrap metal as a critical raw material for steel production, foundry operations and other manufacturing activities, noting that effective recycling would reduce waste, create jobs and stimulate economic growth.
He, however, warned that poor regulation had encouraged the theft of electrical cables, railway components, manhole covers and other metallic infrastructure, resulting in disruption of public services, safety risks and huge economic losses.
According to him, the proposed regulations would introduce licensing and supervision of operators, regulate collection and aggregation centres, ensure transaction traceability and enforce environmental and occupational safety standards.
“Our objective is not to suppress legitimate commercial activity. Rather, it is to establish a system in which lawful businesses can operate with greater clarity and confidence, while activities involving stolen materials, unsafe practices or environmental harm are addressed through appropriate regulatory and legal measures,” he said.
Audu stressed that small-scale operators would not be excluded from the regulatory framework, explaining that requirements would be tailored to the size and risks of their businesses.
He called for stronger supplier identification, verification of material sources, reliable transaction records and collaboration with security agencies to check the illegal acquisition and trading of stolen metals.
The minister urged stakeholders to make practical contributions towards ensuring that the proposed regulations were workable and addressed the challenges confronting operators.
Also speaking, the Permanent Secretary of the ministry, Amb. Nura Abba Rimi, represented by the Director, Metallurgical Inspectorate and Environmental Protection Department, Christopher T. Wanje, said effective regulation of the scrap metal industry was critical to building a competitive and self-sustaining steel sector.
He said the regulations would curb illegal metal trading, protect public infrastructure and guarantee reliable raw materials for domestic steel production.
In his goodwill message, the National President of the National Association of Scrap and Waste Dealers Employers of Nigeria, Comrade Pastor Engr. Ogbu Luke Uchechukwu, described the engagement as a landmark development that would lay the foundation for an organised and economically viable industry.
Similarly, the Director-General of the National Environmental Standards and Regulations Enforcement Agency (NESREA), Dr Innocent Bariate Bariko, represented by the Deputy Director, Base Metal Sector, Engr. Walter Okoye, warned that inadequate regulation could expose the environment and public health to serious risks.
He commended the ministry for initiating the proposed regulatory framework.
Also, the Business Manager of Kam Steel Integrated Company Ltd, Busari Olanrewaju, described scrap metal as the backbone of Nigeria’s steel industry.
He pledged the company’s support through the training of scrap collectors, standardised grading procedures, modern sorting and shredding technologies, and increased use of locally generated scrap materials in domestic steel production.
News
Tinubu: NELFUND Is Our Weapon Against Poverty — We Will Continue In That Direction
President Bola Tinubu says the Nigerian Education Loan Fund (NELFUND) is a weapon his administration is deploying to tackle poverty, insisting that the scheme will not be stopped.
The president spoke on Tuesday at the All Progressives Congress (APC) presidential campaign rally held at the Dutse Township Stadium in Jigawa state.
Tinubu said his administration would continue to support the student loan scheme, reiterating that all funds recovered by the Economic and Financial Crimes Commission (EFCC) would be channelled into NELFUND.
“NELFUND is our weapon against poverty. And we will continue in that direction. We will continue,” he said.
“Every money recovered from irregularities by the EFCC is now directed to NELFUND to educate our children. Every asset coveted through irregularities will be invested in NELFUND.”
The president also defended his administration’s decision to remove the petrol subsidy, dismissing calls for its restoration.
“Those who think they should bring subsidy back, they are liars. How will you pay for those commitments? How will you repair the roads? How will you maintain them? How will you function?” he asked.
Tinubu said the removal of the subsidy had created economic opportunities for workers and suppliers, while NELFUND was helping to ease the financial burden of educating their children.
“The labourers, the granite suppliers, they are eating, and they are surviving. We have taken away the problem of the education of their children by establishing NELFUND,” he said.
On August 19, the president directed the EFCC to channel all recovered funds into NELFUND.
Tunji Alausa, minister of education, announced the directive while answering questions from State House correspondents shortly after the weekly federal executive council (FEC) meeting.
Alausa also said the FEC had approved the allocation of all unclaimed dividends in the Capital Market Trust Fund and funds in the Dormant Account Trust Fund to NELFUND to expand its reach and improve its efficiency.
Speaking recently at the launch of Arise Palm Resort in Uyo, the Akwa Ibom state capital, Tinubu said the decision was informed by the need to ease the burden of tuition fees on parents and ensure equal access to education for all Nigerians.
At a press briefing in Abuja on August 31 to highlight the commission’s achievements under his leadership, Ola Olukoyede, EFCC chairman, said the federal government had allocated N100 billion from funds recovered by the anti-graft agency to NELFUND since 2024.
News
Anambra Govt Suspends Traffic Officers Who Sang Obi/Kwankwaso Campaign Song
The management of the Anambra State Traffic Management Agency, ATMA, has suspended some of its officers for two months without pay after they went viral recently for singing a campaign song in support of the presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi, and his running mate, Senator Rabiu Kwankwaso.
According to report, the management announced the suspension of the officers on Tuesday.
The sanction followed the controversy generated by a viral video showing the officers singing an NDC campaign song associated with the political aspirations of Obi and Kwankwaso to a motorist.
The incident reportedly occurred at Nwagu Agulu Junction, where the officers were deployed for traffic control duties.
The officers had earlier been summoned to the agency’s headquarters in Awka to explain their conduct and the circumstances surrounding the incident.
Their two-month suspension without pay is believed to be the outcome of the disciplinary process initiated by the agency following the circulation of the video.
Although the circumstances surrounding the officers’ action remain unclear, there had been suggestions that their singing might have been prompted by the NDC logo they reportedly sighted in the motorist’s car.
The development has reportedly thrown the affected officers into distress, with some expressing fears about their future following the disciplinary action.
It was gathered that some of the affected officers had been weeping and approaching influential personalities who could intervene on their behalf and appeal to the relevant authorities for leniency.
Meanwhile, relatives of the affected officers have appealed to public-spirited individuals to come to their aid by helping them secure alternative employment opportunities in view of their present circumstances.
The relatives reportedly fear that the suspension, particularly without pay, could worsen the economic situation of the affected officers and their families.
The incident has also raised questions about the extent to which public officers can freely express their political preferences, particularly when such expressions occur while they are performing official duties.
While public servants retain their constitutional rights as citizens, the regulations governing their respective agencies may restrict partisan political activities, especially when carried out in official uniforms or during working hours.
However, it remains unclear whether the two-month suspension was specifically imposed for breaching ATMA’s operational regulations or for other reasons connected with the incident, report said.
-
Opinion2 years agoChampioning the People’s Voice: Obasa’s Dedication to Grassroots Representation By Dave Agboola⁰
-
News2 years ago
CBN Debunks Fake Circular on New ₦5,000 and ₦10,000 Notes
-
Health & Wellness1 year agoPresident Tinubu Directs Cut in Dialysis Cost from ₦50,000 to ₦12,000
-
International News8 months agoIndian Police Arrest Nigerian Over ₦290m Drug Haul
-
Business8 months agoDangote Refinery Reduces Petrol Gantry Price To ₦1,200 Per Litre
-
Business8 months agoAfter Plea Bargain, Court Discharges Stella Oduah of ₦2.5bn Fraud
-
Business2 years ago
Dangote; We Did Not Fix ₦600/Litre Petrol Price
-
Trending News1 year agoNELFUND Disburses ₦86bn To 449,000 Beneficiaries
