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OPEC Pegs Nigeria’s Crude Oil Production at 1.5 Million Barrels Per Day, As Petroleum Ministry’s Perm Sec, Amb. Aduda, Emerges Alternate Chair of Organisation’s Board of Governors

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OPEC Pegs Nigeria’s Crude Oil Production at 1.5 Million Barrels Per Day, As Petroleum Ministry’s Perm Sec, Amb. Aduda, Emerges Alternate Chair of Organisation’s Board of Governors

By: Michael Mike

Nigeria’s crude oil production for 2024 has been pegged at 1.5 Million Barrels Per Day.

The above is one of the major outcomes of the 36th OPEC and Non-OPEC Ministerial Meeting, which ended in Austria, Vienna, on Thursday.

Oluwakemi Ogunmakinwa, Deputy Director and Head of the Press and Public Relations Unit in the Ministry of Petroleum Resources, reports that during the meeting,which had in attendance the Ministry’s Permanent Secretary,Amb.Gabriel Aduda,significant strides were made towards maintaining a stable and balanced oil market by member States of the Organisation.

According to information made available to the public by the Ministry,participating countries at the meeting emphasized commitment to the Declaration of Co-operation and reaffirmed their dedication to the framework established since the inception of the Declaration of Co-operation on December 10,2016.

This commitment, which the participating countries have consistently endorsed in several meetings, including the 35th OPEC and Non-OPEC Ministerial Meeting held on June 4 earlier in the year,has been further strengthened through the Charter of Co-operation the countries ratified on July 2,2019.

Going further, the release also revealed that the 36th OPEC and Non-OPEC Ministerial Meeting also addressed crucial aspects of the Organisation’s operational mandate, including the completion of assessments by independent sources on the 2024 projected production levels for Angola, Congo as well as Nigeria.

The assessments, the release emphasized, concluded production estimates for Angola at 1.11 Million Barrels Per Day;277 Thousand Barrels Per Day for Congo and 1.5 Million Barrels Per Day for Nigeria. These figures the release noted were in alignment with prior decisions set forth at the 35th OPEC and Non-OPEC Ministerial Meeting earlier held in June.

Part of the highlights of the 36th OPEC and Non-OPEC Ministerial Meeting was the warm reception accorded the Brazilian Minister of Mines and Energy, Alexandre Silveira de Oliveira. Brazil had earlier announced its forthcoming inclusion in the OPEC+ Charter of Co-operation with effect from January 2024.

The 37th OPEC and Non-OPEC Ministerial Meeting, the release also informed,has been scheduled for Vienna, Austria on June 1,2024.

Meanwhile, in a related development, OPEC Governor of Nigeria and Permanent Secretary in the Ministry of Petroleum Resources, Amb. Gabriel Aduda has emerged the Alternate Chairman of OPEC Board of Governors for the year 2024.This was a major decision of the 187th meeting of the Conference of OPEC members during which Libya’s Mohammed Oun was also announced Chairman of the Board for the incoming year.

The release also stated that the gathering used the opportunity to dispell all speculations of discord among OPEC countries with regard to the acceptance or otherwise of the 2024 crude oil production quotas aimed at fortifying market dynamics, fostering stability as well as sustainable growth within the industry.

OPEC Pegs Nigeria’s Crude Oil Production at 1.5 Million Barrels Per Day, As Petroleum Ministry’s Perm Sec, Amb. Aduda, Emerges Alternate Chair of Organisation’s Board of Governors

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Nine PAP Foreign Scholarship Beneficiaries Bag Master’s Degrees From UK Varsities

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Nine PAP Foreign Scholarship Beneficiaries Bag Master’s Degrees From UK Varsities

•••771 to Graduate in Nigeria in 2025

•••Otuaro Hails Scholars’ Performances

By: Michael Mike

Nine students awarded foreign post-graduate scholarships by the Presidential Amnesty Programme have graduated from their master’s degree rprogrammes in universities in the United Kingdom.

The successful scholars are the first graduates in the offshore post-graduate scholarship deployment to UK institutions by the PAP Administrator, Dr Dennis Otuaro, for the 2024-2025 academic session.

They graduated from the Anglia Ruskin University, University of Dundee and The University of Law with master’s degrees in cyber security, data science and engineering, law, construction and civil engineering management, project management, and ICT.

Also, 711 undergraduate and post-graduate scholarship beneficiaries are expected to graduate from universities within Nigeria this year.

The PAP, on Wednesday, 3 December, 2025, organised a graduation reception for the scholars in London.

Otuaro has congratulated them on their successful graduation, stressing that they completed their programmes in record time which shows the seriousness they had put into their studies.

He said they have justified the Federal Government’s investment in their education with their successful graduation, and urged other beneficiaries not to be distracted in their academic pursuits.

“We congratulate these scholars on their successful graduation. It shows that they took their studies seriously. That is what we demand of every scholarship beneficiary, whether at the undergraduate or post-graduate level”, Otuaro said.

He reiterated his unwavering commitment to expanding the scholarship scheme to create more opportunities for indigent students of Niger Delta extraction to access higher education with a view to closing the human capital development gap in the region.

Otuaro said it was for this reason he deployed 3800 beneficiaries in-country in the 2024-2025 academic year, and increased the figure to 3900 in the 2025-2026 academic session with 200 for foreign scholarships.

Otuaro has so far deployed 7700 students for the PAP scholarship scheme within Nigeria in less than two years.

Within this period, also, he has also deployed 162 students from the region for post-graduate programmes in targeted disciplines in the UK universities.

According to him, this is in conformity with the Renewed Hope Agenda of President Bola Tinubu for the Niger Delta, who has given unprecedented support to the PAP because of his sincere love for the area.

The PAP boss said, “Our decision aligns with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu GCFR for the Niger Delta. We will continue to create more higher educational opportunities for students from indigent backgrounds in our region.

“We are also deepening the implementation of the programme’s mandate in informal education and other areas for the sustainable peace and socio-economic advancement of the region.”

Nine PAP Foreign Scholarship Beneficiaries Bag Master’s Degrees From UK Varsities

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Sunshine Joint Venture Infrastructure Limited Established for Realization of Ondo Project

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Sunshine Joint Venture Infrastructure Limited Established for Realization of Ondo Project

By: Michael Mike

Sunshine Joint Venture Infrastructure Limited has been incorporated to seamlessly allowed for the Refinery and Free Trade Zone in Ondo State.

A press statement on Thursday read that: “In furtherance of our commitment to the execution of these two major projects – Refinery and Free Trade Zone in conjunction with the Ondo State Government, the joint partners have taken another giant step by incorporating a joint company, namely – SUNSHINE JOINT VENTURE INFRASTRUCTURE LIMITED – as the vehicle to be used in executing these projects. A move that further reinforces the sincerity of purpose and total commitment of the funding partners to move ahead together as a united front.

According to the release by Wale Adekola on behalf of the JV, the Sunshine Joint Venture Infrastructure Limitedwill, going forward serve as the vehicle to work with the Ondo State Government through the Ondo State Investment Promotion Agency (ONDIPA) in the implementation of the executed Memoranda of Understanding (MoUs).

The statement added that: “In moving the projects forward for implementation, the JV team met in Dubai to finalize the funding modalities and put in place structures and plans for the commencement of activities for ground breaking and community engagements. These initial activities are aimed at complementing the 50th Anniversary of the creation of Ondo State and the one year anniversary of the election of the Executive Governor of the Sunshine State, His Excellency, Chief Lucky Orimisan Aiyedatiwa CFR.

At the Dubai meeting were key officers of the JV Company, including: Messrs SALEHI FARHAD; ZAHERI NAVID; EGHBAL KORDJAMSHIDI; SAHEED ZAHERI; DR. STEPHEN DIKE; HENRY OWONKA AND MRS. NAMVAR MARYAM.
 
The statement further informed that, plans have been concluded to mobilize the relevant contractors working with the locals and host communities to put up structures that will host the information center, architectural models to showcase the projects on offer and facilities that will serve the team. All these are being planned with ONDIPA to execute the relocation and accommodation of the host communities that are likely to be affected by the projects and create a seamless transition that will engender peaceful co-existence and harmonious relationship with our host communities.

The JV company further reiterated its commitment to work with Ondo State Government (through ONDIPA) to change the infrastructural landscape of the Sunshine State and for mutual benefits.

Sunshine Joint Venture Infrastructure Limited Established for Realization of Ondo Project

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Edo: Seven suspected bandits arrested along Benin-Agbor Road

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Edo: Seven suspected bandits arrested along Benin-Agbor Road

By: Zagazola Makama

Seven suspected bandits were arrested along the Benin–Agbor Road in Edo State during stop-and-search operations, security sources confirmed.

Sources told Zagazola Makama that the suspects, all Fulani youths, were intercepted after being offloaded from a truck at about 1800 hours on 2 December 2025. A search revealed pictures of assault rifles, including AK-47s, on their mobile phones.

Upon interrogation, the suspects claimed to have travelled from Adamawa State. Investigations are ongoing for the possible recovery of actual firearms and to determine their involvement in criminal activities.

Security agencies have urged members of the public to report any suspicious movements to help prevent criminal acts in the area.

Edo: Seven suspected bandits arrested along Benin-Agbor Road

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