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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...
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Bauchi State governor, Bala Mohammed, has warned against the diversion of palliatives given by the Federal Government to states to cushion the effect of the removal of fuel subsidy.

Mohammed gave the warning at the flag off of distribution of palliatives in the state at the Sir Abubakar Tafawa Memorial Stadium, Bauchi, at the weekend, where part of 89,000 25kg bags of rice were shared among Persons Living with Disabilities (PLWDs).

“We will not spare anyone that becomes a clog in the wheel of progress in our efforts to bring succour to the people,” the governor said.

Mohammed, who is also a member of the committee set up by the National Economic Council, NEC, to draw the roadmap for the roll-out of Federal Government palliatives, said part of the interventions includes the provision of five trailer loads of rice as well as N5 million to each state in either cash or grains.

He added that the palliatives comprise a grant of 52 percent with the remaining 48 percent as loan payable over 20 months to support states to provide additional palliatives.

The governor further said that the sum of N2 billion has so far been released by the Federal Government while arrangements are being made to access the remaining money in addition to more grants from the Central Bank of Nigeria, CBN.

DAILY POST reports that the flag-off exercise includes the distribution of 89,000 bags of rice to the 20 LGAs in the state, payment of N10,000 each to the most vulnerable citizens, provision of mass transportation buses, and payment of student scholarships.

It also includes payment of outstanding gratuities and leave grants to retired and active civil servants as well as payment of special allowances to volunteer health workers, casual workers and environmental sanitation agents.

Earlier in her remarks, the State Commissioner for Humanitarian Affairs and Disaster Management, Hajara Yakubu Wanka, assured that necessary measures have been put in place to ensure that palliative gets to all the vulnerable groups.


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