The Nigerian Navy Forward Operating Base (FOB), Ibaka in Mbo Local Government Area of Akwa Ibom has inaugurated a borehole with a 6,000 capacity in the host community.

Inaugurating the water project on Friday at Naval road in Ibaka , Capt. Uche Aneke, the Commanding Officer of the base, said the water project was part of FOB Ibaka non-kinetic exercise.

He said that the rehabilitation was done to meet the dire need for clean water within the  host Community as part of Operation Delta Sanity III Civil Military Cooperation Exercise (CIMIC).

Aneke said that the inauguration of the project was expedient following the importance the Nigerian Navy places on health and domestic sanitation.

He used the opportunity to enlighten and admonish the people of the community, on the importance and use of clean water in their daily activities.

The commanding officer also emphasised that under the current leadership of Vice Admiral Emmanuel Ogalla, such community service would be constant and sustained.

Aneke urged members of the host community to maintain the unwavering good civil–military relationship and cooperation with the Base.

He warned the criminal elements in the area of the constant surveillance of areas under the FOB Ibaka Area of Operations, and the Eastern Naval Command Area of Responsibility would be sustained.

“The Base will not rest on its oars and will sustain arrest of criminal elements, with a view to actualising the mandate of Operation Delta Sanity III,“he said.

He stated that Nigerian waters and the Nigerian coastal areas are not for illegal activities.

Earlier, Mr Sunday Etim, the Transition Committee Chairman of Mbo local government area, thanked the Nigerian Navy for providing access to clean water to its host community.

Etim, represented by Mr Ukoh Udombo, the Supervisor for Information and Communication, urged the community to protect and maintain the project for the benefit of the people.

The Chief of Defence Staff (CDS), Gen. Christopher Musa, has emphasized that a multi-dimensional strategy, beyond military intervention, is essential to addressing the insecurity plaguing the Sahel region.

Speaking at the News Agency of Nigeria (NAN) Inaugural Annual International Lecture in Abuja, Musa highlighted the growing instability in the Sahel, describing it as a significant threat to Nigeria due to the nation’s strategic role in the region.

“Insecurity did not emerge in a vacuum,” he stated, attributing its rise to a combination of local and global factors such as poor governance, economic marginalization, climate change, and ethnic tensions. He also pointed to the collapse of the Libyan state in 2011, which led to an influx of weapons and fighters, further fueling the rise of insurgent groups.

Musa noted that the insurgency in Nigeria’s North East, led by Boko Haram since 2009, has stretched military resources, displaced millions, and hindered economic development. He warned that the porous borders between Nigeria and Sahelian countries enable transnational criminal activities, including arms smuggling and human trafficking.

“Nigeria, as a critical player in the region, has borne a significant share of the fallout from this instability,” he said.

The CDS urged all stakeholders—government, civil society, international partners, and the private sector—to collaborate in addressing these challenges. “Let us always remember that Nigeria’s security and that of the entire Sahel region depend on our ability to find lasting solutions that promote peace, stability, and prosperity for all,” Musa concluded.

The lecture, themed “Insecurity in the Sahel (2008-2024): Dissecting Nigeria’s Challenges – Genesis, Impacts, and Options,” was organized by NAN as part of efforts to address the region’s security concerns.

The Nigeria Extractive Industries Transparency Initiative (NEITI) has emphasised the importance of accountability and transparency in the nation’s energy sector.

Its Executive Secretary, Dr Orji Ogbonnaya Orji, said this at the Association of Energy Correspondents Annual Strategic International Conference on Thursday in Lagos.

The theme of the 2024 conference is “Gas As Energy Transition Fuel : “Navigating Nigeria’s Trilemma of Finance, Energy Security, and International Politics””.

Orji, who was represented by Mr Taiwo Olasupo, South West Zonal Representative, NEITI Board, said that these principles were essential for attracting long-term investments necessary to harness Nigeria’s vast energy resources.

“Without these pillars, no serious investor will commit significant capital to our sector,” he stated, reinforcing the link between transparency and investor confidence, ” he said.

Orji, who shared key findings from NEITI’s recently released 2022/2023 Oil and Gas Industry Reports, revealed that as of June, over $6.071 billion and N66.4 billion in outstanding revenues were owed to the Federal Government.

He noted that unpaid royalties and gas flare penalties accounted for $6.049 billion and N65.9 billion due to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

“Additionally, outstanding taxes, including petroleum profit taxes, company income taxes, and VAT, totaled approximately $21.926 million and N492.8 million owed to the Federal Inland Revenue Service (FIRS),” Orji added.

He said that the NEITI report also provided insights into fuel importation and subsidy claims, noting that 23.54 billion liters of Premium Motor Spirit (PMS) were imported in 2022, dropping to 20.28 billion litres.

Orji added, “In 2023, an overall 14 per cent decline was attributed to the removal of fuel subsidies.

“Over the period from 2006 to 2023, claims of under-recovery and price differentials reached an eye-watering N15.87 trillion, with N4.714 trillion claimed in 2022 alone.

“On crude oil production, the figures reflect a mixed bag: in 2022, production stood at 490.945 million barrels, marking an 11 per cent decrease from 2021.”

He, however, noted that 2023 saw a rebound with production rising to 537.571 million barrels, an increase of 9.5 per cent.

“Crude lifting mirrored this upward trend, reaching 534.159 million barrels in 2023, an 11 per cent increase from the previous year,” the executive secretary said.

Orji also said that the report highlighted significant progress in combating oil theft, with losses dropping dramatically from 36.69 million barrels in 2022 to just 7.68 million barrels in 2023, a 79 per cent reduction.

The NEITI boss said that revenue generation figures also showed a positive trajectory, adding that in 2022, material companies generated $15.549 billion.

This, he said, increased to $21.415 billion in 2023, accounting for 96 per cent and 95 per cent of total industry revenues, respectively.

Orji made clear that NEITI’s commitment to fighting corruption and building public trust is vital for the sector’s future.

He said that the organiaation’s regular audits and independent reports aim to ensure that revenue from the oil, gas, and solid minerals sectors benefits all Nigerians.

In an appeal to the media, Orji stressed the crucial role journalists play in promoting transparency and holding power accountable.

“Your stories and investigations can expose corruption and drive reform,” he stated, inviting energy correspondents and stakeholders to partner with NEITI in this vital mission.