Featured post

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

-
Image
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...
Post a Comment

Senate Extends 2024 Capital Budget Implementation to December 2025

-

 


In a move that has sparked mixed reactions across Nigeria’s political and economic spheres, the Senate on Tuesday, June 25, approved the extension of the implementation of the 2024 capital component of the national budget till December 31, 2025. This significant development was announced during plenary, following President Bola Ahmed Tinubu’s request to ensure continued financing of critical infrastructure and development projects across the country.

Originally, the capital budget was set to lapse by June 30, 2025. However, citing slow releases of funds and the need for full utilization of appropriated capital allocations, lawmakers saw it fit to prolong the deadline. This decision is expected to offer ministries, departments, and agencies (MDAs) more time to execute key capital projects without the fear of budget expiration.

Senate Leader, Opeyemi Bamidele, who presented the proposal, emphasized the importance of the extension for ensuring that vital infrastructure projects such as road construction, power facilities, education improvements, and health sector upgrades do not stall mid-execution. The extension will also support Nigeria's economic recovery and growth plan, which aims to stimulate jobs and boost public investment.

While some analysts welcomed the decision as a practical move to ensure better fiscal management, others have raised concerns about potential misuse of extended timelines to cover lapses in project delivery or increase corruption loopholes. Transparency advocates are urging the National Assembly and relevant monitoring agencies to ensure strict oversight and accountability throughout the new implementation period.

The extension signals a shift in Nigeria’s budgeting culture, moving toward more flexible but results-driven timelines. It remains to be seen whether this move will translate to tangible development on ground or just another bureaucratic adjustment. Nigerians will be watching closely as the extended budget unfolds in the coming months.

— Luchiinter.blogger.com

Comments

Post a Comment

Popular posts from this blog

BBNaija Season 10: Danboskid and Ibifubara Become First Evictees

-
Image
The tension in the Big Brother Naija Season 10 house reached new heights on Sunday night as two housemates, Daniel Olatunji , popularly known as Danboskid , and Ibifubara Davies , became the first to be evicted from the “Ten Over Ten” season. During the live eviction show, hosted with all the glitz and suspense that BBNaija fans have come to expect, Danboskid was the first to be shown the door after polling the lowest percentage of votes from viewers. He managed only about 0.65% of the total votes. Moments later, Ibifubara followed, having secured roughly 0.325% , sealing her fate as the second housemate to leave. The double eviction shocked some fans but also served as a reminder of the intense competition inside the house. Both evictees had brought their own unique personalities to the game—Danboskid, with his lively energy and humor, and Ibifubara, known for her calm yet strategic approach. Unfortunately, their fan base wasn’t strong enough to keep them in the running for the cov...
Read more

Nigerian blogger Olufunke 'Angels Empire' Afeh is set to appear in court on April 8 following her recent arrest and detention in connection with allegations of cyberstalking and harassment.

-
Image
Legal troubles are on the horizon for blogger and philanthropist Olufunke Afeh , famously known as Angels Empire . Her forthcoming arraignment at the Federal High Court in Lagos on April 8 has garnered public interest regarding the details of her arrest, extended detention, and eventual release on bail. On February 19, 2025, SaharaReporters brought to light that the police had leveled 11 charges against Afeh, accusing her of various offenses, including cyberstalking and harassment of multiple individuals, notably Mr. Obidi Anthony and his daughters, Nancy Ume and Korra Obidi . The Angels Empire Foundation reported that Afeh was taken into custody on February 6, 2025, in Abuja . She had responded to a deceptive phone call from the Nigerian Police , which involved a false allegation of phone theft.  Once at the police station, Afeh was swiftly detained at the Force Criminal Investigation Department (CID) in Abuja, where she was denied access to legal representation, and her mobil...
Read more

🍲🔥 BBNaija Food Fight! Big Soso and Ivatar Joanna Clash Over Missing Ingredients in Biggie’s House!

-
Image
Tensions Rise in the House Over Food Dispute – BBNaija S10 Drama hit the Big Brother Naija Season 10 house today, August 8, 2025, as a serious disagreement broke out over food, causing tension among housemates and stirring reactions across social media. The clash began when Big Soso accused fellow housemate Ivatar Joanna of hoarding key food ingredients meant for group meals. According to Big Soso, Joanna had been “secretly setting aside meat and seasoning cubes,” a claim Joanna strongly denied. The situation quickly escalated as voices were raised and other housemates joined the fray, choosing sides and contributing their opinions. What started as a minor food-sharing issue snowballed into a heated verbal exchange that disrupted the house’s usual morning routine. Big Brother , monitoring the situation closely, issued a stern warning to both Soso and Joanna, reminding all housemates of the need to maintain peace and respect within the house. Several housemates attempted to calm ...
Read more