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Japan Lauds Nigeria’s Economic Reforms

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By Joseph INOKOTONG
Japan has applauded Nigeria’s effort in improving the business environment in the country and lauds the country’s Economic Recovery and Growth Plan (ERGP) which it described as the key to the revival of the country’s economy.
The country’s Parliamentary Vice Chairman for Foreign Affairs, Takei Shunsuke, who led a 32-man Joint Trade and Investment Mission to Nigeria, said in Abuja on Thursday that Japan is optimistic that economic relations between the two countries will be promoted by such initiatives by Nigerian government.
“We will like to praise Nigeria’s effort in improving the business environment by adopting the economic recovery and growth plan in March. I expect economic relations between our countries will be promoted by such Nigerian government efforts”, he said.
The Vice Minister said government’s determination in setting the Nigeria on a part of recovery and sustainable growth is one of the reasons Japanese companies have indicated strong interest in Nigeria. He therefore encouraged full implementation of the ERGP as it is key to the revival of the Nigerian economy.
The trade delegation had 12 private companies including trading houses, manufacturing, banks, insurance and relevant companies from all development sectors in Japan.
A statement signed Akpandem James, Media Adviser to the Minister quoted
Mr. Shunsuke as saying the Japanese trade delegation insisted on visiting Nigeria because Japanese companies strongly want to do business in Nigeria.
“According to a recent research on Japanese companies in Africa, they expressed positive thoughts on the considerable size of the Nigerian Market and the potential of Nigeria’s future economic growth”, he explained.
He emphasized development of key infrastructure particularly in the area of power and transportation which he said are crucial for economic investment and promotion. “We will like to strengthen our co-operation linking economic growth to such development and contribute to Nigeria’s sustainable economic and social development”.
In this regard, Japan offered to send a research mission for the recovery of the deteriorating power station in Apapa, Lagos because of its crucial importance of providing electricity to the major economic hub in Lagos. It also decided to provide $53 million as humanitarian assistance to internally displaced persons and refugees in the Lake Chad region, including the Nigeria’s North East region.
The Head of the Private Sector Delegation, who is also the CEO for Europe, Middle East and Africa of Bank of Tokyo-Mitsubishi UFJ Limited, Mr Masahiro Kuwahara, spoke in the same vein and said Nigeria provides the largest market for Japanese businesses in Africa and remains Japan’s largest business partner in the continent in the oil and gas sector.
 Budget and National Planning Minister, Senator Udoma Udo Udoma who received the delegation in his office in Abuja told the delegation that the ERGP outlines measures that will improve Nigeria’s global competitiveness and make it the pre-eminent destination for investors and businessmen wishing to do business with Africa.
He explained that Nigeria is an attractive place for investors interested in investing in the Sub-Saharan Africa because it is geographically well situated for inter-regional trade connections within the sub-region and the rest of the world.
The Minister said Nigeria has abundant human and natural resources to support investment and industry as well as a huge market to absorb products and services.
To facilitate ease of doing business in the country, Senator Udoma said government has embarked on a number of policy realignments and has set up the Presidential Ease of Doing Business Council (PEBEC) to drive and monitor the process.
Government is also embarking on massive infrastructure development, particularly in the areas of power, rail and roads, aimed at reducing cost of doing business as well as tackling insecurity to protect lives and investment across the country.
Minister of State in the Ministry, Mrs Zainab Ahmed, said the list of private sector companies in the delegation shows how important the Japanese government has taken investment potentials inherent in Nigeria. She also appreciated the country’s generosity in assisting in humanitarian efforts in the North east and the Lake Chad region.
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Dangote Refinery Boosts Fuel Exports as Gulf Refineries Shut Down

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By: Fabian Apechihin

The Dangote Petroleum Refinery has ramped up fuel exports to international markets amid widespread refinery shutdowns in the Middle East, industry sources confirmed.

A senior official at the $20bn Lagos-based plant told The PUNCH that the facility exported significant volumes of petrol (PMS), diesel (AGO), and aviation fuel (Jet A1) to foreign buyers in August, following earlier shipments in June and July.

The surge comes as Saudi Aramco and other regional producers face heavy maintenance schedules, tightening fuel supply. Aramco has already shut down two plants and plans further closures, including its 460,000 b/d Satorp refinery in Jubail for a 60-day turnaround in November–December. Kuwait and India are also scaling back capacity for maintenance and seasonal demand.

According to Argus Media, these shutdowns are pushing Gulf nations to import record volumes of gasoline, with Saudi Arabia and the UAE sharply increasing purchases from Europe and other markets in recent months.

While some reports pointed to operational constraints at Dangote’s 650,000 b/d facility, the company dismissed such claims, insisting production is on track to reach 700,000 b/d by December. Earlier this year, Aliko Dangote announced the refinery had sold two cargoes of jet fuel to Saudi Aramco and recently achieved exports of about 1 million tonnes of petrol between June and July.

“With Gulf refiners offline, Nigeria has now emerged as a net exporter of refined products,” Dangote said.

Analysts suggest the extended refinery outages in the Middle East will further strengthen demand for Dangote’s output, positioning the Nigerian plant as a key supplier in regional fuel markets.


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US Oil Exports to Nigeria, Others Fall to 3.3m bpd as Local Output Rises

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By: Fabian Apechihin

The United States’ crude oil exports to Nigeria and other African countries fell for the fifth consecutive month in July 2025, averaging 3.3 million barrels per day (bpd), the lowest level since March 2022.

The Organisation of Petroleum Exporting Countries (OPEC) disclosed this in its August 2025 Monthly Oil Market Report (MOMR), attributing the decline to weaker flows to Europe and Africa, particularly Nigeria, but without giving further details.

Industry analysts link the slowdown to the ramp-up of local refining capacity, especially the 650,000 bpd Dangote Refinery, which has reduced Nigeria’s reliance on imported crude, including from the US. Vanguard checks also show that crude importation has slowed further in recent months due to improved domestic production.

According to OPEC data, Nigeria’s crude oil output—excluding condensates—rose by 11 per cent year-on-year to 1.559 million bpd in July 2025, up from 1.386 million bpd in the same period of 2024. This marks the country’s highest monthly production level so far this year.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) corroborated the figures, stating that overall output, including condensates, exceeded 1.8 million bpd in July.

Gbenga Komolafe, Chief Executive of the NUPRC, said the milestone was achieved through the agency’s “Project 1 MMBOPD Incremental” initiative, supported by a multi-stakeholder collaborative framework.

“We are glad to report that we crossed the 1.8 million bpd mark on peak production last month, with average production hovering at 1.78 million bpd,” Komolafe stated.

He added that the Commission is working to sustain production growth by optimising the Maximum Efficient Rate (MER) framework, improving produced water management, and aligning operational shutdowns and maintenance schedules to minimise disruptions.

“With these measures and continued collaboration, the presidential mandate on production increase is well within reach,” he said.


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NDYPC Hails Otuaro’s Reforms in Presidential Amnesty Programme

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• Lauds transparency, fairness in beneficiary selection and grassroots empowerment

• Says reforms align with Tinubu’s Renewed Hope Agenda, restore trust in Niger Delta

The Niger Delta Youths for Positive Change (NDYPC) has commended the Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, for what it described as bold, people-focused reforms that are restoring trust and delivering tangible benefits to the Niger Delta.

In a statement signed and issued by Comrade Elliott Yibakeni, after the conclusion of leadership training sessions with ex-agitator leaders in Abuja, the group said the PAP, once in urgent need of renewal, is now undergoing a transformation that reflects transparency, fairness, and accountability.

“At a time when public trust in institutions was waning, Dr. Otuaro has emerged as a symbol of credibility and transformation,” the statement read. “His visionary leadership is restoring integrity, empowering communities, and driving a sustainable development agenda that resonates with the aspirations of the Niger Delta.”

According to NDYPC, under Otuaro’s leadership, beneficiary selection has become fair and merit-based, ending years of favoritism and political interference. The group added that access to education, skills training, and empowerment opportunities, both locally and abroad, is now guided by equity and open competition.

The group highlighted several internal reforms, including improved staff welfare, strengthened professional capacity, and strict adherence to best practices in public procurement. These, it said, have made the PAP more efficient, responsive, and transparent.

NDYPC also praised Otuaro’s inclusive governance style, noting his sustained engagement with traditional rulers, women leaders, civil society organizations, and local communities. This approach, the group said, has strengthened peace-building efforts and deepened trust between the PAP and the people it serves.

In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the PAP has maintained consistent payment of stipends to ex-agitators and extended direct support to vulnerable populations. NDYPC also applauded new healthcare interventions for ex-agitators facing health challenges.

The statement further commended the programme’s investments in scholarships, vocational training, and economic empowerment initiatives aimed at preparing Niger Delta youths for leadership, innovation, and sustainable livelihoods.

“Every decision reflects a deep commitment to public trust, responsible stewardship, and long-term development,” NDYPC stated. “Under Dr. Otuaro’s watch, the Niger Delta is rising stronger, united, and filled with renewed hope.”

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