‘Tinubu highlighted Nigeria’s progress over the past 64 years, citing the country’s survival through crises and its potential to become one of the greatest nations on earth. He also emphasized the importance of learning from past errors to avoid repeating them.’
President Bola Tinubu’s 64th Independence Day address emphasized the need for Nigerians to reflect on past mistakes as a crucial step towards achieving greatness. He acknowledged the struggles many Nigerians face, including rising living costs and unemployment, and assured that his administration is committed to finding sustainable solutions.
Tinubu highlighted Nigeria’s progress over the past 64 years, citing the country’s survival through crises and its potential to become one of the greatest nations on earth. He also emphasized the importance of learning from past errors to avoid repeating them.
Key Points from the Address:
– Security: Tinubu announced that his administration is winning the war on terror and banditry, with over 300 Boko Haram and bandit commanders eliminated ¹.
– Economy: He discussed efforts to reduce the cost of living, including investing in agricultural production and implementing economic stabilization bills ¹.
– Youth Empowerment: Tinubu announced a National Youth Conference to address challenges and opportunities facing young people, including education, employment, and innovation ¹.
– Unity and Cooperation: He urged Nigerians to work together to build a greater nation, emphasizing the importance of diversity and managing differences
Corruption: the president was not explicit about it efforts at fighting corruption
Fuel Price: Many Nigerians had expected him to say something on fuel price, but, he failed to mention anything about that
Energy Price: Another thing that most Nigerians would probably want a reversal of, is the cost of electricity, this again, the president did not say anything.
Overall, Tinubu’s address struck a tone of optimism and determination, encouraging Nigerians to believe in their nation’s promise and work together towards a brighter future.
Businessstandardsng.com/a strategic cross-reporting initiative with enterprisethrob.com.
ExxonMobil Accelerates African Energy Investments And Frontier Exploration
Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consolidating its status as one of the drivers of the industry on the continent.
Recent developments herald further expansions of the robust ExxonMobil upstream pipeline to strengthen energy security through reliable, affordable energy supply while achieving industry-leading emissions intensity.
The latest expression of this saw ExxonMobil upstream president Liam Mallon meeting with Mozambican president Nyusi last month to confirm ExxonMobil’s commitment to the $24 billion Rovuma LNG project. Mallon confirmed front-end engineering design (FEED) for the project and laid out a clear path to a final investment decision by 2026.
Also in the Southern Africa region, Exxon Mobil has emerged as an exploration leader in the Namibe basin, offshore Angola, where a wildcat well has been spud and results are keenly anticipated by the entire industry.
The basin extends from Angolan waters into northern Namibia, and favourable, commercially viable results could shape energy development in the region for decades to come.
In Nigeria, ExxonMobil is poised to shift focus to its deepwater investments, as the sale of its shallow-water JV asset reaches finality
Nigeria’s rich reserves were recently estimated at 37.5 billion barrels by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). With offshore oil reserves currently responsible for 32% of Nigeria’s production, ExxonMobil – with its core deepwater engineering strengths – is perfectly positioned to drive the next development phase for Africa’s largest oil reserves.
ExxonMobil is looking to expand this broad engagement in the African upstream at the forthcoming AOW: Investing In African Energy event, where the company is a platinum sponsor.
The AOW partnership supports ExxonMobil’s role as one of the engines of the African upstream. AOW brings together governments, regulators, global operators, power producers, investors and service providers for engagements to develop policy, share discoveries, secure investment, and shape Africa’s energy future.
Through strategic partnerships such as these, as well as its deepwater expertise, and cutting-edge exploration in frontier regions, ExxonMobil has established itself as one of the most critically relevant energy businesses in the global sector.
As part of the AOW partnership, Richard Barke, ExxonMobil’s Vice President of Exploration for Africa, will deliver a keynote address at the event, outlining the company’s strategic vision for the region.
“Africa’s energy landscape presents a compelling blend of opportunity and potential,” said Barke. “We see significant alignment between the continent’s resources and the world’s evolving energy demands.”
Source: AOW: Investing in African Energy
Businessstandardsng.com/a strategic cross-reporting initiative with enterprisethrob.com.
