₦airaland Forum

zero8zero:
✓ $3.4 IMF loan cleared

✓ N100billion Sukuk loan cleared

✓ $7billion FX backlog cleared

✓ N30 trillion Ways and Means out of 87trillion - cleared.

✓ States reducing their debts by 70% - confirmed.

✓ External reserves increases to $40billion - confirmed

✓ States allocations increased by more than double - confirmed.

All these under two years!

God bless President Tinubu, God bless Nigeria.

11Monkeys:
depression is real when you realised that Nigeria is still owing IMF $276 billion in charges and interests. 🤣🤣🤣🤣

11Monkeys:
You cleared debt from one side and still owing multiple debt from other axis. Man you are still in deep poo. 🤣🤣

Anambra citizens chanted for President Bola Ahmed Tinubu during his speech:

“Nah our papa be this ooo, we no get another one

Na our papa be this ooo ehhh”#PBATInAnambra pic.twitter.com/v31V7CKLkk

— Daddy D.O🇳🇬 (@DOlusegun) May 8, 2025

Newsmills:
Not only World press conference but heaven press conference,who see food chop dey sing well,so continue with the heaven press conference.Hustlings meet blessings.

Putindbutt:
Al makura is the next APC Chairman.

Stolen:
LOL OSITA IS THERE FOR THE COMMISSIONING NOT TO WELCOME ANYBODY

ceejay80s:
Wetin concern bat for the end?
I hate eye service, so without tinubu u can't move forward with ur invention?

forgiveness:
It is a welcome development. Nevertheless, the welfare of the citizenry is very critical at this moment.

The minimum wages of 30,000 naira should be replaced with pay per hour.

Nigerians are being used a slaves by their employers.

ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria’s deepwater exploration and development for the next two years, starting from the second quarter of 2025, the company announced late Tuesday.

This financial commitment, which will be implemented between Q2, 2025 – 2027 focuses on revitalising production in the Usan deepwater oil field.

Shane Harris, ExxonMobil’s Managing Director in Nigeria, made this known during a courtesy visit to Gbenga Komolafe, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The company proposed Final Investment Decision (FID) in late Q3 2025 subject to final Field Development Plan approval as well as internal and Partner funding approvals.

This is also in addition to investment targeted at the accelerated development of the Owowo, Erha deepwater oil fields, amongst others, the company said.

According to Harris the planned capital deployment reflects ExxonMobil’s confidence in Nigeria’s upstream potential and its dedication to playing a pivotal role in the sector’s growth.

“This move counters speculation about ExxonMobil’s potential withdrawal from Nigeria, instead underscoring a strategic expansion and strengthening of its operational footprint in the country.

Harris also voiced ExxonMobil’s support for the NUPRC’s “Project 1 Million Barrels” initiative, which aims to increase Nigeria’s crude oil production to 2.4 million barrels per day in the medium term.

On his part, Komolafe welcomed the announcement, reaffirming the NUPRC’s role as a business enabler and pledging regulatory support to facilitate ExxonMobil’s operations. He highlighted the importance of sustained collaboration between regulators and investors to meet Nigeria’s production and energy security goals.

Discussions during the visit also addressed compliance with the Domestic Crude Supply Obligation and the need for transparent pricing and accountability in the sector.

“The Commission is committed to the implementation of Section 109 of the PIA which addresses the subject of willing buyer, willing seller and we urge producers to comply,” the upstream regulator stated.

PresidObi:
These people and lie lie news are siamese twins. Tufiakwa.

Tomorrow they will tell us the whole gold in the cbn has increased by 200 mega tonnes, and yet hunger is killing people everywhere.