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Nigeria seeks US funding for natural gas development

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By Derrick Bangura

Mr Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, called on the US government on Thursday to provide funding to help Nigeria develop its natural gas resources. Sylva’s call comes on the heels of Russia’s war with Ukraine, which is currently threatening to disrupt gas supplies from Russia to the entire European continent. During a meeting with US Secretary of Energy Jennifer Granholm on the sidelines of CERAweek in Houston, Texas, Sylva stated that collaboration between the US and Nigeria in this area would benefit both countries as well as the entire world. “It is in the interests of the global community that there is alternative supply of gas to Europe. The challenge for us to achieve this feat has been lack of infrastructure and we need funding to development infrastructure for our gas and we believe that the US can provide that funding,” Sylva stated. Stating that the natural gas could serve as an alternative source of energy for Europe, Sylva told Granholm that Nigeria has abundance of the commodity that can meet European gas demands, but said that the problem has been access to funding. He explained that as part of efforts to boost gas supplies across the African continent, Nigeria has embarked upon the construction of 600 kilometres of the Ajaokuta- Kaduna- Kano (AKK) gas pipeline designed to take gas to Europe via North Africa. Sylva therefore called on the US to provide the needed funding for infrastructure for the exploitation of the huge natural gas in Nigeria. “We have access to gas but access to funding has been the problem. Our desire is to be able to take gas from Nigeria through Algeria to Europe. We have already kick-started the AKK gas pipeline project and if we have the required funding we can complete that project in two years. “Nigeria has over 206 tcf of natural gas reserve and unproven reserve of 600 tcf and we believe that if we target exploitation of natural gas in Nigeria, we will be able to get up to 600 tcf. We need to have the needed funding to develop our gas and the US can provide us this funding,” he added. The minister said the crisis between Russia and Ukraine was a wake-up call to have alternative sources of gas to Europe, stressing that in situations like this, it is always good to have alternatives. Speaking on the issue of global energy transition, Sylva said for the energy transition programme to be meaningful, the peculiar problems of Africa must be factored into the entire energy transition arrangement. “We have to be given some special considerations. I am excited that the world has started listening to us. I was particularly happy that John Kerry echoed our position when he spoke at a panel session. “Inasmuch as we want to be part of the new economy, we can not move at the same pace. We still have people without clean cooking fuels, so we want to achieve our energy base load through a multi pronged approach. The reality check is that we cannot move at the same pace. There is gap between expectations,” he noted. Sylva however cautioned that such funding and technological supports must be made accessible to interested countries. “We have to work out a structured way to access the funding. We must create that understanding to make the loans accessible. The issue of sovereign guarantee must be removed so that interested countries can easily access the funding. “the minister further stated. Citing the case of the African Growth Opportunity Act (AGOA), Sylva said since the programme came into force so many years ago, no African country has been able to successfully key into the project for maximum benefits. He said: “It has not been easy for Africa to access AGOA. so the type of funding we are looking at is the one that Nigeria will be able to access”. In her remarks, Granholm expressed the readiness of the US to cooperate with Nigeria to develop her renewable energy sector, noting that her government was not against the development of gas or other sources of energy. She therefore called for a coordinated strategy to pin down specific areas of focus where funding and other supports would be required. “Investors are interested in funding renewable energy in Nigeria but they are interested in knowing possible areas of focus. We have to work out a structured way to access the fund” Granholm said. In an earlier meeting with the US Assistant Secretary of State, Harry Karman, Sylva expressed Nigeria’s willingness to develop the different sources of renewable energy such as wind, solar and hydrogen. He spoke also about the need to streamline targeted financing adding that “there must be a framework of accessing the funding”. Karman in his remarks assured the minister of the US government’s readiness to support Nigeria in finding sustainable energy sources for the millions of Nigerians without access to power.

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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

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Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.

The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.

One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”

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Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.

Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.

A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”

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Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.

The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.

The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.

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NEPZA, FCT agree to create world-class FTZ environment

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NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.

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Benue IDPs block highway, demand return to ancestral homes

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Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.

The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.

The protest caused disruption, leaving hundreds of motorists and passengers stranded.

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Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.

“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.

Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.

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Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.

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