News
Kyari: Driving Culture of Transparency, Professionalism, Productivity
Mele Kolo Kyari is driving high performances index in spite of the daunting challenges since assuming the mantle of leadership and has worked assiduously with the corporation and the Nigerian Oil and Gas industry for over 33 years. The reform-minded oil and gas industry technocrat unfolded an agenda for the Nigerian National Petroleum Company (NNPC) Limited’s rebirth, calling it the Transparency, Accountability and Performance Excellence (TAPE), a five-step tracking and strategic road map for NNPC’s attainment of efficiency, effectiveness and global competitiveness and excellence.
He pivoted and pioneered a unique new lease of life in terms of institutional building, infrastructural development; championing a new management of ideas into the next millennium, by driving change and expanding the scope of NNPC’s operations like never before.
For the first time in the history of NNPC, after 43 years, it published its financial account to the public. This is no mean achievement.
Defying all the odds with outstanding financial performance since he assumed office, thereby making his plans very clear, which has also transformed the corporation into a Limited Liability Company in line with the Petroleum Industry Act (PIA) 2021.
These efforts have yielded impressive results, with Nigeria now the largest producer of Liquefied Natural Gas (LNG) in Africa, and one of the top ten producers globally. This feat has earned the country’s gas reserves, estimated at over 200 trillion cubic feet, providing a huge opportunity for growth and development.
This has made Nigeria taken full advantage of the potential. Under Mele Kolo Kyari’s direction and strategic policy template, the NNPC has launched several initiatives, including the Nigerian Petroleum Exchange (NPEX), a platform for trading Nigerian crude oil and other petroleum products and the Nigerian Content Intervention Fund (NCIP), a $200m (200 Dollar million fund) aimed at supporting the development of local content in the industry.
According to Honourable Philip Agbese (APC, Benue), representing Ado/Okpokwu/Ogbadibo Federal Constituency at the House of Representatives, “The biggest legacy has been the approval of fuel subsidy removal which has already saved Nigeria over one trillion Naira (N1trillion).
Hon. Agbese further described the “350MV First Phase of the NNPC Limited Gwagwalada Independent Power Project (GIPP) as the brainchild of Kyari.” This, no doubt, is a legacy that will remain in the footprints of time and future generations of Nigerians.
In view of the foregoing, the attention of the Coalition of over 250 frontline Civil Society Organizations (CSOs), Activists, the Human Rights Community as well as that of Media Executives has been drawn to the recent editorial publication of a mainstream newspaper.
The editorial under reference wilfully maligned the selfless and pivotal sacrifices of the present management of the NNPC and asked for a change in the baton of leadership without taking into consideration the transformative and strategic milestones and achievements recorded since the assumption of Engineer Mele Kolo Kyari’s proactive leadership.
From all indications, there was no iota of truth whatsoever in the editorial, as it lacks merit; it is outright falsehood, mischievous fallacies orchestrated and concocted to deceive the gullible Nigerian public, the African continent that has hopefully look at Nigeria as a “Big Brother.” This editorial falls short of all known rules that guide editorializing, which is supported to be guided by the basic truth, and nothing but the truth.
As Champions and Advocates of Accountability, Transparency and Good Governance practice in public office, it behooves on us, as “custodians of conscience of the people,” to right the wrongs and wholly dispel the negative orchestration and publish the succinct truth for Nigerians to be aware.
In a Press Statement signed by the under-listed executives of the organizations, “Within the first year of managing the NNPC, Engineer Kyari, through cost reduction strategy, was able to reduce NNPC’s losses from N803 billion in 2018 to N1.7 billion in 2019.” This was before the eventual declaration of N287 billion net profit in 2020, a feat hitherto unheard of in the annals of the then Corporation.
The Coalition went on to reveal that the NNPC was able to engage all its contractors and insisted on cutting cost to at least 30 per cent in the 2020 financial period, which pulled down most of its procurement cost by 30 per cent amidst the daunting challenges and harsh operating environment which had tested the resilience of institutions and businesses globally.
Notwithstanding, the NNPC continued to wither the storm by posting a profit of N674.1 billion in the 2021 financial period in view. This positive result came as global economies struggled with reactionary forces and weak economies.
However, in spite of tough and volatile environment, the Company’s investment strategy proved resilient and enabled the National Oil to deliver favourable outcomes during the 2021 financial year. That made the Company to become a CAMA (Companies and Allied Matters Act) registered entity in the same year. This, no doubt, followed the meticulous implementation of the Petroleum Industry Act (PIA).
The group accounts of NNPC was listed by the Price WaterHouseCoopers, SIAO and Muntari Dangana Accounting firms. This financial year of 2021 was the fourth consecutive year that the NNPC would be declaring its financial statement in the public domain. These were the innovative and transformative leadership spearheaded by Engineer Kyari when he took over the affairs of the Company.
Consequently, other factors that contributed to the high profitability of the NNPC was the outcome of the N173.7 billion, arising from the reconciliation with the Federal Inland Revenue Service (FIRS); stronger emphasis on performance management and measurement, rationalization of non-essential expenditure and implementation of the transparency and accountability agenda put in place by him.
There was also rapid increase in the revenue which was attributable to improvement in the production and price of crude oil during the period under review in line with the trajectory role of the leadership and management of TAPE which was the only way to turn around the Corporation’s fortunes and make it relevant and globally competitive, which roadmap ensured and still ensures transparency at maintaining a positive image, shared values of integrity and transparency to all stakeholders.
This occured while the accountability segment of the campaign was to assure compliance with business ethics, policies, regulation and accountability to all stakeholders.
In furtherance of our investigations, we discovered that innovative reforms have been implemented by the Group Chief Executive Officer and are yielding positive results for Nigeria’s oil and gas sector, which plans are centred around operational efficiency and output productivity and transparency for the Limited Liability Company, which was once a cesspool of corruption, and abuse of office.
Under Engineer Kyari, the management has transformed and revolutionized the way the nation produced and distributes its most vital resources, driven by a fierce sense of direction, purpose and an unshakable commitment to excellence and the implementation of a series of bold and innovative reforms that have changed the sector. It entered into partnership with Italian Oil Company, Eni, to rehabilitate and upgrade the refinery with a target of achieving full production capacity by the end of 2023.
These efforts have led to several innovations and initiatives designed to maximize the efficiency and effectiveness of the operations and the establishment of new trading subsidiary, the creation of a new crude oil marketing division, and the implementation of a new performance management system to enhance output and productivity.
Thereby dovetailing into a massive effort to increase domestic gas utilization, reduce its energy mix, reduce also its carbon footprint involving the development of a new gas infrastructure, the expansion of existing facilities and the promotion of gas-based industries such as petrochemicals and fertilizers never envisaged before.
The GIPP project is led by the NNPC in a Joint Venture with China Machinery and Engineering Corporation (CMEC) for the EPC, and General Electric (GE) for the Long Term Service Agreement. This is designed to provide a reliable electricity; strengthen Nigeria’s energy sector and accelerate economic prosperity of the nation and very much on track towards sustainable growth and development.
Nevertheless, it was a known fact that Nigeria’s Extractive Industries Initiative (NEITI), a resource utilization watchdog and the Auditor-General of the Federation, dealing with the NNPC to get it to account for its financial transactions was distressing, because the Company was always recalcitrant in opening up its books for public scrutiny, but with the efforts of Engineer Kyari’s leadership, it all changed overnight, due to transparency, open door policy and for accountability purposes.
The era of opaqueness in managing the affairs of the Company has since ended. This was captured in the five steps for realizing the objectives of TAPE, according to our painstaking investigations which are: The NNPC opens up its systems to public scrutiny; Its operational processes were made transparent and accountable to the Nigerian people; the new systems would operative along with well-defined operational processes, benchmarked against established global best practices by world-class Oil and Gas Companies; set the right operational cost structure, to guarantee value addition towards NNPC’s sustained profitability and set achievable goals; priorities and performance standards and criteria, by developing suitable governance structures for its strategic business units, including the entrenchment of team-spirit, work ethics and collaboration with all key stakeholders to achieve set corporate goals.
With the above templates and innovations put in place, we are rest assured that Nigerians will, indeed, count visible footprints of milestones across all segments of the country’s petroleum industry – Upstream, Downstream, Gas and Power, as well as his interventions in other sectors related to the industry.
The Coalition noted that the AKK Pipeline Project considered to be at the heart of the country’s economic growth posited by the management to see that it is completed by the end of the year. The strategic Fuel Reserve/Refineries’ repairs is another major milestone of the Group Chief Executive Officer built over two billion litres by PMS, the country could fall back on till it was able to import more products, including the involvement of the local workforce, employing graduate trainees and engineers working with the National Engineering and Technical Company (NETCO), the engineering and technical subsidiary.
It is worthy of note, to also state that since the pivotal and proactive management came on board, Regulatory Compliance is topmost and the Implementation of various Financing Reporting Standards (IFRS), as well as Implementing the Centralized Invoice Processing Systems, applications and products to Remitta, SAP Funds Management and others for financial autonomy of the NNPC.
These involve SAP Enterprise Management Software in performance management, procure to pay, travel management to ensure automated and integrated operational processes. The management has also inaugurated the NNPC Delivery Team, charged with the responsibility of ensuring the effective performance tracking of top five priorities across the business, as well as launching the Code of Conduct and TIP Portal.
The Coalition can categorically state that, while expanding the frontiers and infrastructural development of its assets, the Engineer Kyari led management invested in Methanol of $3.6 billion in Bayelsa State, an Integrated Methanol and Gas Project in Odioma, Brass Land, Bayelsa State, which will commence operations next year with an expected production rate of 10,000 tons of Methanol daily.
Another US$260 million Finance Funding Agreement for ANOH Gas Processing Company Limited (AGPC). The project will deliver 300 million standard cubic feet of gas per day and 1,200 megawatts of electricity to the domestic market and the launching of Nigerian Upstream Cost Optimization Programme (NUCOP) to drive the cost of crude oil production in the country, so as to remain competitive in the global market.
During our investigations, we found out that the Kyari-led management was proactive and had a strategic directional policy in place and template that encompasses the NPDC’s growing output, alternative financing deal for NPDC, the revision of unit costs for Joint Ventures, PSCs, sustaining average oil output, investment in Nigeria’s Train 7FID, the completion of power projects met on a ground and recent ones initiated by his leadership, and also the downstream sector covers ground like, Uninterrupted Fuel Supply; “Operation White” entrenching security and deepening of transparency, including the determination of the national daily consumption ratio.
These efforts have also produced refineries rehabilitation, the diversification of the NNPC portfolios, timely remittance of oil revenues to FAAC, revenue optimization and so many other benchmarks and challenges surpassed to make the NNPC a household name, not only in Nigeria, but in Africa, and reviving moribund subsidiaries and the expansion of oil drilling in Kolmani River II and benchmark for legal arbitration and the enhancement of leadership structure for the oil industry, fight against COVID-19, which was a major achievement and efforts that assisted the county to curtail the pandemic, which major funding was sponsored by the NNPC.
The Coalition can also authoritatively attest to the fact that the NNPC’s US$3 billion commitment letter and term-sheet for an emergency crude oil repayment loan has brought with it major advantages, because a fresh injection of US$3 billion into the country’s Foreign Exchange (FX) market would have a far greater impact on the entire economy as it would leverage other market forces and the economy, reduction or no increase in the pump price of petrol; increase the value of the Naira against the US Dollar and other currencies.
These are, indeed, pointers to the immediate benefits of the facility to Nigeria on a sustainable basis and, therefore, should be commended and applauded by well-meaning Nigerians, for the foresight, vision and forthrightness in sourcing the funds in the first place.
We, as well note that, through our painstaking investigations, the NNPC is very much on track towards sustainable growth and development, as it has presently constructed roads networks and rehabilitated over 21 roads under the Federal Government Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme and on Tuesday, 21st December, 2021, it officially handed over N621 billion cheque to the Federal Ministry of Works and Housing.
Presently, the President Bola Ahmed Tinubu administration has removed fuel subsidy and the present management of the NNPC are doing everything possible to regulate, manage, block loopholes used by oil marketers and keep the nation thriving in spite of the enormous challenges of managing issues of fuel subsidy removal, feared by previous administrations.
But, we are assured that by December 2023, the Portharcourt Refinery will be up and running and fully operational, according to the Minister of State, Oil and Gas. The issue of crude oil theft, economic sabotage, pipelines vandalism and smuggling across the borders, has become a major challenge as clandestine refineries are daily operated by saboteurs to cause economic loss running into billions of naira including illegal connections from base stations. The management of the NNPC, Service Chiefs, Minister of Defence and Office of the National Security Adviser (ONSA) are daily working assiduously, strategizing to arrest and prosecute organizations and individuals responsible for the economic theft and diversion of our national resources meant for development of the country.
Accordingly, the NNPC is in collaboration and partnership with civil society organizations (CSOs) and non-governmental organizations (NGOs) across the country in the delivery of their mandates of making government accountable to the people; Freedom of Expression; Freedom of Information; and enshrining good governance practice and accountability, as well as transparency in their operations nationwide, in its day-to-day affairs.
We therefore have no hesitation in passing a resounding Vote of Confidence on Engineer Kyari’s administration. We, as well, call on the International Community, stakeholders and well-meaning Nigerians to continuously support this proactive leadership to enable it further its commitment and efforts to the general good of the nation; reemphasizing that the editorial in reference is, indeed, hogwash, politically motivated, repugnant to natural justice, equity and good conscience. Hence, should be disregarded and discountenanced as fake news, hate speech, wilfully concocted by Fifth Columnists and traducers as well as agent-provocateurs.
Signed:
1. Comrade Umar Farouk, Convener, Africa for Peace Initiative Network (APIN)
2. Comrade Ejikeme Udeh, Secretary, Change Network for Leadership (CNL)
3. Comrade Okoronkwo James, National Coordinator, Peace and Advocacy Initiative (PAI)
4. Comrade Onoja Charles, Esq. Coordinator,Middlebelt Lawyers Forum (MLF)
5. Comrade Adio Wahab Salami, National Coordinator, Workers’ Rights Protection Network (WORP)
6. Comrade Gbenga Ashiru, National President, Amalgamated CSOs of Nigeria (ACN)
7. Comrade Ishaya Issa Saka, President, Coalition of CSOs Against Corruption (CCAC)
8. Omoba Kenneth Aigbegbele, Executive Secretary, Citizens Watch Advocacy Initiative(CWAI) & President, (GOCMEJ).
9. Comrade Johnson Eze,National Coordinator,Network for Change, Good Governance and Leadership (NCGL)
10. Comrade Michael Ekamon,National Convener, South-South Youths for Good Governance (SSYGG)
11. Comrade Gabriel Gwajime, President, Middle Belt Renaissance Group(MBRG)
News
OPEN LETTER TO HIS EMINENCE, THE SULTAN OF SOKOTO ON CALL FOR EQUAL CITIZENSHIP, MUTUAL RESPECT IRRESPECTIVE OF RELIGIOUS AFFILIATION – BY DR MIKE ACHADU
A Benue born Philanthropist Dr Mike Achadu has call for an inclusive and equitable society devoid of tribalism, ethnicity and religious extremism to foster collective unity of purpose for national development
This is contained in an open letter to the Sultan of Sokoto his Eminence,
Alhaji Muhammad Sa’ad Abubakar III and it reads in parts; “Have written this open letter to His Eminence, I believe conversations of this magnitude
should not be confined to private rooms believing that our future must be built on equal citizenship, mutual respect for each other;
“This is not an attempt to diminish the historical importance of Sultanate to bring any religious arguments but a letter of public interest with no strings attached;
“Nigerian is characterized by great minds of extreme civilizations with political institutions which emerged as a modern sovereign state with a well defined constitution that governs us with the sokoto Caliphate which represents the important chapters;
“Your eminence, Nigeria’s constitution does not establish either Islam or Christianity, your Eminence i believe your answer is No, because in the history of the territories that eventually became Nigeria does historical political authority confer permanent political ownership;?
Section 10 of the constitution provides that in 1903 the Northern and Southern Protectorates were subsequently amalgamated into religion, ethnic group and kingdom so, Nigeria has existed over decades with the conquest of the Sokoto Caliphate culminating in that history that deserves recognition and respect;
The Government of the Federation or State shall not adopt any religion as state, They establish principles of religious neutrality, freedom and equal citizenship, Your Eminence, this is where i believe our national conversation requires greater attention so that citizens may interpret exactly the same symbolically;
“This distinction became particularly visible in Nigeria’s debate over the Muslim-Muslim region.And therefore, defending constitutional religious neutrality is not an attack on Islam neither Christianity
“A political arrangement can have two realities simultaneously: That principle protects Muslims from Christians majoritaranism just as it protects Christians from Muslims and represent an important national compact of religion among others;
“Your eminence, Strategically politicians may see a particular political ticket as an effective coalition, an may ask if political cohesion belongs to right to religion and not also an attack on Christianity based on past pricidence;
“Who is to be represented when every Nigerian fundamental human rights cannot legitimately be protected and this provisions are not merely legal technicalities but strategic reality and symbolic reality;
His eminence, another question is the inclusive and exclusive presidential ticket and what does this say about the distribution of power?
“Electoral calculation , mechanism for consolidating support or means of improving Section 42 further provides constitutional protection against discrimination; Political parties rise and fall and the strength of one faith should not require the weakness of another.The security of one community should not depend upon the insecurity of another;
“Who controls the Legislature? eventually, citizens stop asking the most important question, When a politician speaks about religion, Nigerians may suspect political calculation and each community begins to measure it’s security by amount of power;This is why i believe the Sultanate has an extraordinary opportunity;
“There is a dangerous psychological temptation in deeply divided societies that gives your words a different weight as politics has become a permanent struggle for religious arithmetic that community posseses;
“When a respected religious leader speaks about peaceful co-existence the message carries a moral authority that politics often can not achieve and equally Christianity in Nigeria does not not require the political humiliation of another Nigerian simply because of religion;
“Nigerian can not become great by producing a permanent contest between Christian and Muslim and should not need each other’s permission to belong to any institutions;
,It can become great when both religion or communities began demanding something larger by the quality of governance, protection of all citizens,
“Your eminence, I believe Nigeria’s deepest problem is not simply that Muslims distrust religious suspicion which is often the language through which that distrust expresses itself through competent political power excercised for the common good of all citizens.The ultimate measure of political leadership should not be the religion of the person;
Your eminence, the future must be therefore bigger than both Christian and Muslim been the both argument whether been Hausa,Yoruba,Igbo,Tiv,Fulani or any other ethnic nationality.May Nigeria we leave our children be a country build solid foundation upon which a truly united Nigeria with profound respect for one another irrespective of religion, ethnicity, tribe among others
END
News
POVERTY, REFORM AND THE PROBLEM OF CAUSATION
What the evidence says about hardship, recovery and the road ahead
By Tanimu Yakubu, Director-General, Budget Office of the Federation
The argument should begin where Nigerians live
Any serious discussion of the reforms must begin with what Nigerians can see and feel. Food is expensive. Transport takes a larger share of income. Electricity, rent and school bills press harder on household budgets. For many families, the question is not whether an economic indicator has improved. The question is whether their money can still carry them through the month.
That hardship is real, and we should say so without hesitation. But hardship by itself does not tell us what caused it, nor does it tell us whether reversing the reforms would make the country better off. Those are separate questions, and they require evidence rather than anger or reassurance.
The PUNCH report of 16 July 2026 presents poverty as persisting ‘despite reforms’. The phrase is striking, but it compresses several different issues into one. The World Bank and IMF material cited around the same debate records both a deeply vulnerable population and an economy that has returned to stronger real growth, built larger external buffers and moved away from some of the distortions that had accumulated before 2023.[1][2][3][4] The fair reading is therefore not that hardship has vanished, nor that reform has achieved nothing. It is that economic repair has begun while household relief has lagged behind.
A poverty crisis that did not begin in 2023
Nigeria did not enter May 2023 from a position of broad prosperity. Growth per person had been weak for years. Foreign exchange was scarce. Multiple exchange rates encouraged arbitrage. Fuel subsidy costs absorbed public resources. Insecurity kept farmers away from parts of the land. Electricity remained unreliable, transport was costly and too few Nigerians held secure formal jobs.[2] Poverty and vulnerability were already widespread before the present reform programme began.
That history is important because causation matters. A poverty problem built over many years cannot reasonably be attributed in full to policies introduced three years ago. But history cannot become an alibi. The exchange-rate adjustment and fuel-subsidy removal imposed immediate costs on people who had little room to absorb them. Imported goods and inputs became more expensive. Transport costs rose. Inflation eroded wages and savings. Those consequences belong in any honest account of the reforms.
We do not strengthen our case by appearing to argue that suffering is merely inherited. We strengthen it by acknowledging that necessary reforms have had painful consequences and then showing, with evidence, how our policies are reducing those consequences.
What the 79 per cent figure does — and does not — mean
The widely quoted figure that 79 per cent of Nigerians are poor or vulnerable is serious, but it needs to be read correctly. The World Bank’s Streamlined Country Diagnostic distinguishes those already below the poverty line from those who are near-poor or vulnerable to falling below it.[1][2] The number therefore describes a broad zone of insecurity, not a single poverty headcount in which every person is in the same condition.
The distinction does not soften the warning. A household only slightly above a poverty line can be pushed below it by a failed harvest, a medical bill, the loss of a job or another rise in food prices. What the figure shows is how narrow the margin of safety is for millions of Nigerians. It should not, however, be turned into proof that the reforms created a poverty stock that plainly predates them.
The economy has not collapsed, but households are still waiting
World Bank data show real GDP growth of about 4.0 per cent in 2025. The IMF estimated the same rate for 2025 and projected about 4.1 per cent for 2026. Gross international reserves were around US$46 billion at the end of 2025, up from about US$40 billion a year earlier, while net reserves also improved.[3][4] These figures are not a substitute for household welfare, but they are evidence against the claim that the economy has simply collapsed under reform.
The fall in GDP measured in current United States dollars also needs care. A sharp depreciation of the naira reduces the dollar value of naira output even when the volume of goods and services produced is rising. World Bank data can therefore show positive real growth alongside a lower current-dollar GDP.[3] The depreciation has real costs: imported inputs become more expensive and the external value of domestic incomes falls. But it is analytically wrong to treat a translation effect as if it were an equal fall in physical production.
None of this should be presented triumphantly. Nigerians do not eat reserves. A better fiscal balance does not put rice on a table by itself. The value of stabilisation lies in what it permits next: investment, production, employment, lower inflation and better public services.
Relief will come from making more things and moving them more cheaply
The most convincing answer to hardship will not come from another speech about macroeconomic stability. It will come when the supply of food, energy, transport and industrial inputs improves enough to lower costs in everyday life. That is where several large projects now approaching important stages become relevant.
The Kano-Jigawa-Katsina-Maradi railway is one example. We reported in May 2026 that the project was about 60 per cent complete, with delivery targeted for the end of 2027.[5] Its relevance is practical. Northern farmers and traders move large volumes over long distances on roads that are expensive to maintain and slow to use. A working freight corridor can lower haulage costs, widen markets for agricultural produce and improve trade through the northern border. The benefit of the railway will not be the number of kilometres of track. It will be the saving that eventually appears in the cost of moving grain, livestock, fertiliser and manufactured goods.
Lagos shows the same principle in urban transport. The first phases of the Blue and Red Lines are already carrying passengers while extensions continue.[6] For a commuter, the value of mass transit is measured in time, predictability and the share of income spent getting to work. For business, it is measured in a city that moves people with less dependence on road congestion and fuel-intensive transport. That is how infrastructure becomes an alleviative measure rather than a monument.
The Ajaokuta-Kaduna-Kano gas pipeline can have an even wider industrial effect. NNPC’s May 2026 report placed the mainline in advanced construction, installation and pre-commissioning, with early gas delivery to Abuja targeted in 2026.[7] Northern industry has long paid heavily for unreliable energy. Gas delivered into the corridor can support power generation and manufacturing, reduce dependence on expensive self-generation and make new investment more viable. The public will judge the pipeline not by its diameter, but by the factories it helps to run, the jobs it supports and the costs it helps to bring down.
Fertiliser shows what supply reform can mean on the farm
The fertiliser story is closer to the next harvest. Under the Presidential Fertiliser Initiative, more than 449,000 metric tonnes of inputs had been secured by May 2026, and we were on course for a 1.1 million metric tonne programme – roughly 22 million bags – supported by more than 90 operational blending plants.[8]
For years, the problem was not merely the existence of blending plants. A plant without raw materials is an idle factory. Information available to us indicates that, under the previous administration, some plants could secure enough raw materials for only about three months of production. We have moved to secure raw materials on a basis intended to sustain blending through the year. That change is important because it turns installed capacity into actual supply.
The difference is easy to understand. A plant that works for three months produces little and carries high unit costs. A plant supplied through the year can produce more, spread its costs over a larger volume and compete in a market with less scarcity. As availability rises, scarcity pricing becomes harder to sustain. Farmers gain better access to fertiliser when they need it, yields can improve, and the resulting increase in food supply should place downward pressure on prices in 2027.
The effect will not occur by proclamation. Fertiliser must reach farmers, crops must be planted, fields must be secured, harvests must be moved and markets must remain competitive. But this is a visible chain of cause and effect, and it is a stronger basis for expecting lower food prices than administrative price controls.
Rice mills: feed the mills, not the import market
The same supply argument applies to rice. About 300 rice mills are struggling, not because Nigeria lacks milling capacity, but because too many of them cannot obtain enough paddy to run steadily. When a mill operates below capacity, workers lose shifts, fixed costs are spread over fewer tonnes, farmers lose a dependable buyer and the price advantage of domestic processing is weakened. Importing finished parboiled rice may appear to close a supply gap quickly, but it also transfers the milling, transport, handling and much of the value added to producers outside Nigeria.
Our intervention should therefore address the shortage at its source. We need to stimulate local paddy production while permitting the importation of the raw-material shortfall where domestic supply is temporarily inadequate. The purpose of such imports would be to keep Nigerian mills running, not to displace them. As local output rises, the imported component should fall. That approach protects consumers from scarcity while preserving demand for Nigerian paddy and creating a stronger incentive for farmers to expand production.
For rural households, this distinction is consequential. A bag of finished rice imported into Nigeria creates little income for a farmer in Kebbi, Kano, Jigawa, Niger, Taraba or Ebonyi. Paddy supplied to a Nigerian mill does. It supports cultivation, aggregation, haulage, milling, packaging and distribution before the rice reaches the market. Keeping the roughly 300 mills supplied therefore attacks food scarcity and rural poverty at the same time. It raises domestic value added, strengthens the market available to farmers and retains more of every naira spent on rice within the Nigerian economy.
The objective is not permanent dependence on imported paddy. It is to prevent idle domestic capacity while we close the production gap. The durable answer remains higher yields, more irrigated cultivation, improved seed, fertiliser, extension services, secure farming communities and reliable links between growers and mills. But where a temporary shortfall exists, importing the missing raw material is economically preferable to importing the finished product and leaving Nigerian factories underused.
Security is also an economic policy
A farmer who cannot enter his field does not produce. A trader who fears the road moves less produce and charges more for risk. In this sense, the campaign against banditry is also a campaign against food inflation.
Security operations in 2026 restored access to a number of communities and allowed economic activity to resume in areas that had been badly disrupted.[10] It would be inaccurate to claim that banditry has disappeared from every affected area. The economic test is narrower and measurable: are more farmers returning to their land, are more hectares being cultivated, and is more produce reaching markets with fewer losses and delays?
Where the answer is yes, the effect should combine with better fertiliser availability. More cultivated land, higher input use and safer distribution can produce a larger harvest. If those gains hold through the 2026 farming cycle, consumers should begin to see more relief in food markets in 2027.
Why the alternative also has a cost
It is easy to compare the pain of reform with an imagined version of the old system in which prices stayed low and no one paid the difference. That system did not exist. The difference appeared elsewhere: in subsidy bills, foreign-exchange shortages, parallel-market premiums, arrears, inflation and public resources that could not be spent on other needs.
The real choice is not between painful reform and painless continuity. It is between completing a difficult correction and returning to arrangements that had become increasingly expensive to finance and easier to exploit. That does not excuse poor implementation. It means that the answer to hardship is to improve the reform, protect vulnerable households and accelerate the supply response, not to rebuild the distortions that made correction unavoidable.
The test now is whether Nigerians can feel the change
We should not ask Nigerians to celebrate numbers they cannot yet feel. Our better argument is to show where the numbers lead. Stronger public finances must produce roads, power, schools, health care and productive investment. Better reserves and a more orderly foreign-exchange market must support confidence, investment and a more stable supply of essential goods. The reforms will be vindicated in the lives of Nigerians, not in the vocabulary used to describe them.
These are not slogans. They are outcomes that can be checked. If fertiliser remains scarce despite year-round input supply, then our policy has not worked as intended. If rice mills remain idle for lack of paddy while finished parboiled rice is imported, we will have missed an opportunity to reduce scarcity through Nigerian production and rural incomes. If secured communities do not return to cultivation, the economic benefit has not been realised. If new rail and gas infrastructure do not reduce costs or expand productive activity, completion alone will not be enough. We must therefore measure success by what these interventions do to production, prices, jobs and household welfare.
Nigeria’s poverty crisis is older than the present reforms. Our reforms have nevertheless imposed real costs on households that were already under strain. Both facts can be true at the same time. The evidence also shows that real output has grown, external buffers have improved and important constraints on production are being addressed. Our responsibility now is to convert those gains into relief that is visible in markets, incomes and public services.
That is where the debate should end and our work should begin: not with a claim that hardship has disappeared, and not with the claim that reform has failed because hardship persists, but with a clear test. Are we producing more? Are we keeping our fertiliser plants and rice mills working? Are we moving goods more cheaply? Are farmers returning to their fields? Are factories operating for longer? Are families beginning to see prices ease and opportunities expand? Those are the questions by which Nigerians will judge us, and rightly so.
References
- Sami Tunji, “Poverty threatens 79% of Nigerians despite reforms – World Bank,” PUNCH, 16 July 2026.
- World Bank, Nigeria Country Partnership Framework FY2026–FY2032 and accompanying Streamlined Country Diagnostic, 2026.
- World Bank, World Development Indicators, Nigeria country data, including 2025 current-dollar GDP and real GDP growth; accessed August 2026.
- International Monetary Fund, Nigeria: 2026 Article IV Consultation — Press Release; Staff Report; and Statement by the Executive Director for Nigeria, IMF Country Report No. 26/125, June 2026.
- State House, Abuja, “FG: Kano-Jigawa-Katsina to Maradi Railway Project 60 Percent Completed; Set for Delivery End of 2027,” 3 May 2026.
- Lagos State Government, official updates on Lagos Rail Mass Transit Blue and Red Lines, including operational Phase I services; 2024–2025.
- NNPC Limited, Monthly Report Summary, May 2026: AKK mainline construction, installation and pre-commissioning activities, with early gas delivery to Abuja targeted in 2026.
- State House, Abuja, “President Tinubu Hails MOFI, NADF for Strengthening Nigeria’s Fertiliser Value Chain, Supporting Food Security,” 18 June 2026.
- Ministry of Finance Incorporated / PFI-NPK reporting on early 2026 procurement and distribution of fertiliser raw materials to registered blending plants, June 2026.
- Official security reporting on continuing operations against banditry and kidnapping and the restoration of access to affected communities, 2025–2026.
News
EYESAN: THE RETURN OF THE NATIVES
By Charles Abakpa
There are times when the choice of a leader matters as much as the institution itself. This is particularly true in Nigeria’s oil and gas industry, where decisions taken by regulators can affect production, investment, government revenue and the wider economy. Oritsemeyiwa Eyesan’s leadership of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is beginning to show what years of experience within the industry can bring to a critical national institution.
Her emergence as the Chief Executive Officer of NUPRC can aptly be described as the return of the natives. This is because Eyesan has spent more than three decades working within Nigeria’s petroleum industry. She understands the system, its history, its challenges and, importantly, the expectations of operators and investors. She is therefore not learning the industry from the outside; she has been part of its growth and transformation for years.
Eyesan studied Economics at the University of Benin and joined the Nigerian National Petroleum Corporation (NNPC) in 1992. From her early days as a material traffic officer, she moved through planning, commercial and executive responsibilities before becoming Executive Vice President, Upstream, at NNPC Limited. Her rise through the system is a reflection of experience gained over many years.
That experience is now being brought to bear at the NUPRC, which has a major responsibility for regulating upstream petroleum operations in Nigeria. The commission oversees licensing, field development, technical compliance and other activities that determine how the country’s oil and gas resources are developed.
One of the clearest indications of her approach is the transparent conduct of the 2025 oil and gas licensing round, where 31 companies have emerged successful for 37 oil and gas blocks, following the submission of 200 bids by 143 companies.
The spread of interest in the blocks was equally significant. Bids were received for assets in established petroleum producing areas as well as frontier basins such as the Benue Trough, Chad Basin, Anambra Basin and Benin Basin. It showed that there is still considerable interest in Nigeria’s petroleum resources when investors have confidence in the rules and the process for allocating assets.
Eyesan’s insistence on financial discipline is another important aspect of the licensing exercise. Winning a block, under the new approach, should not be the end of the process. Successful companies are expected to meet their financial obligations and demonstrate the capacity to develop the assets. The application of the “drill or drop” principle also discourages the practice of sitting on acreage without meaningful activity.
Again, her experience in commercial negotiations has also prepared her for the responsibilities of the NUPRC. Before her present position, Eyesan was involved in major industry transactions, including Nigeria’s first natural gas liquids commercialisation and the renewal of deepwater production-sharing contracts. These were complex arrangements with significant implications for investment and production in the country.
What appears to be driving her current agenda is straightforward: increase production, reduce losses and make the regulatory process work faster. Eyesan has identified shut-in production, declining output and delays in bringing projects on stream as areas that require urgent attention. Rather than waiting only for new discoveries, her strategy includes bringing economically viable existing assets back into production.
She is also placing considerable emphasis on making regulation more predictable. The planned publication of service level agreements for major approvals, digital workflows for permits and reporting, and clearer timelines for regulatory decisions are aimed at reducing unnecessary delays. In an industry where delays can cost companies millions of dollars, faster and more predictable regulation can make a significant difference.
Her engagement with industry operators is another part of the strategy. Through the CCE–Operators Leadership Forum, the commission is creating a regular channel for discussing production restoration, approval timelines, infrastructure integrity, gas development and other pressing issues. Eyesan has also stressed the importance of proper hydrocarbon accounting, with a clear message that every barrel produced should be properly accounted for.
The 90-day programme introduced by the NUPRC under her watch is particularly important because it focuses on opportunities that can deliver results without unnecessary delay. Under the program, Field development plans that are near completion, well interventions, rig mobilisation and other quick win projects are being given attention. For a country working towards higher production levels, getting such projects moving can provide immediate gains.
Most importantly, Eyesan’s agenda is not limited to crude oil. She has always spoken about safety, host community benefits, governance, data integrity and responsible operations. Her approach suggests that increasing production must go hand in hand with improving the systems through which the industry operates.
There is also something significant about the emergence of Eyesan, another Nigerian woman at the centre of such an important national assignment. For decades, Nigerian women have shown that they can lead complex institutions and deliver results at home and internationally. Eyesan belongs to that tradition. Her performance inevitably brings to mind women such as Ngozi Okonjo-Iweala, whose career has demonstrated the capacity of Nigerian women to compete and excel at the highest levels.
Of course, Eyesan has inherited an industry facing serious problems. Production has been constrained by insecurity, pipeline vandalism, ageing infrastructure, underinvestment and other longstanding challenges. But having someone with extensive institutional knowledge, commercial experience and a clear understanding of the upstream business gives the NUPRC a stronger hand in tackling these problems. Her presence has already been felt.
Her performance so far suggests that the return of the natives may indeed be good news for Nigeria’s oil and gas industry.
Abakpa wrote this piece from Owukpa, Benue State.
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