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🇳🇬 Shell Approves $2 Billion Offshore Gas Project in Nigeria — A Major Boost for the Nation’s Energy Future

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Global energy giant Shell Petroleum Development Company (SPDC) , in collaboration with Sunlink Energies , has officially approved the development of a new $2 billion offshore gas project in Nigeria. This project, named the HI Gas Field Development , is a landmark step in reviving Nigeria’s oil and gas fortunes and a strong signal of renewed investor confidence in Africa’s largest energy producer. 🔹 A Bold Step in the Offshore Frontier The HI gas field, located in Oil Mining Lease (OML 144) roughly 50 kilometers offshore the Niger Delta coast, is expected to produce about 350 million standard cubic feet of gas per day at peak capacity. Shell holds a 40% stake in the project, while its partner Sunlink Energies retains 60% . The gas will be supplied primarily to Nigeria LNG (NLNG) and other domestic offtakers, helping to meet Nigeria’s rising energy demand. According to project details released by Shell on Monday, the development will include a combination of subsea wells , of...

NASS Inauguration: Nigerian Lawmakers Elect New Senate President, Speaker (LIVE UPDATES)

 



However, the proceedings could hold simultaneously in both chambers since the House Standing Order now provides that the deputy CNA “shall preside over the election of the Speaker and Deputy Speaker” in the absence of the CNA.

While all 109 senators-elect will take the oath of office today, only 358 members-elect will do so in the lower chamber. This is because the member-elect for Jalingo federal constituency of Taraba State, Isam’ila Maihanchi, died in April while the Speaker of the 9th House, Femi Gbajabiamila, will be taking up a new appointment as the chief of staff to President Bola Tinubu. This means that INEC will have to conduct a by-election to fill the two seats.

Mr Gbajabiamila had been re-elected on 25 February to represent Surulere 1 Federal constituency of Lagos State for the sixth time until his appointment a few days ago.

The lawmakers were elected during the 25 February National Assembly elections though a few others were returned during subsequent supplementary elections on 15 April.

The election of the four presiding officers is the major attraction in the entire event.

At the last count, there are four aspirants still in the race for senate president; all ranking lawmakers and members of the ruling APC. They are Godswill Akpabio, a former minority leader of the senate, minister and former governor of Akwa Ibom; Abdulaziz Yari, a former member of the House of Representatives and former governor of Zamfara State; Orji Kalu, former chief whip of the ninth senate, former member of Third Republic House of Representatives and former governor of Abia State; and a former member of the House of Representatives and senator-elect for Imo West, Osita Izubaso.

Kano North senator-elect and former Senate Appropriation Committee chairman, Barau Jibrin, and the senator-elect for Niger East, Sani Musa are candidates for the seat of deputy senate president.

There are reports, however, that Messrs Kalu and Izunaso have stepped down for Mr Akpabio while Mr Musa has quit the race to back Mr Jibrin.

In the House, the candidates are Idris Wase, the deputy speaker of the ninth House from Plateau State; a former chairman of Land Transport Committee of the House, Tajudeen Abbas from Kaduna State; former Appropriation Committee chair, Muktar Betara from Borno State and former chairman of committee on Navy, Yusuf Gagdi, also from Plateau State.

Also in the race are former chairman of the House Committee on National Security and Intelligence, Aminu Jaji from Zamfara State; ex-Water Resource Committee Chairman, Sada Soli from Katsina State, and Miriam Onuoha, the only female aspirant, from Imo State.

Former House Leader Alhassan Doguwa, Makki Yalleman and Abdulraheem Olawuyi, who are all APC lawmakers, have since dropped out of the race to back Mr Abbas, the anointed candidate of Mr Tinubu and the APC leadership. Ditto for Messrs Betara and Gagdi.

There are indications that more aspirants will take that route before the actual voting commences on the floor as a result of the ongoing horse-trading and negotiations.

For the deputy speakership position, those in the race are the former spokesperson of the House, Ben Kalu from Abia State, Francis Waive from Delta and another lawmaker, Musliu Akinremi. But it appears only Mr Kalu, the APC anointed candidate, remains in the race

Nevertheless, whoever emerges at the end of the contest today will be the ninth substantive senate president and the eight substantive speaker in the current Fourth Republic.

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