THURSDAY 28TH JANUARY 2021

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Barkindo: OPEC Halted 1.3bn Barrels Supply to Raise Oil Price House promises to protect Nigeria’s interest in PIB Emmanuel Addeh and Udora Orizu in Abuja The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday

highlighted the role played by the Declaration of Cooperation (DoC), the group’s framework for supply stability, in halting an excess crude oil volume of 1.3 billion into the market in 2020.

This comes as the Speaker of the House of Representatives, Hon. Femi Gbajabiamila, assured stakeholders that the parliament will protect Nigeria’s interest in the longawaited Petroleum Industry

Bill (PIB), which it promised to pass into law in April. Barkindo, who spoke at the S&P Global Platts Americas Petroleum and Energy Conference, added that last year, the oil and gas industry

lost about 30 per cent of its capital expenditure in the upstream due to the global oil market crisis. While enunciating the importance of multilateralism given the current realities

in the industry, Barkindo, a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), noted Continued on page 8

Soyinka Chides N’Assembly for Ignoring Clamour for Restructuring... Page 10 Thursday 28 January, 2021 Vol 26. No 9426. Price: N250

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BREATH OF FRESH AIR... L-R: New Chief of Naval Staff , Real Admiral Awwal Gambo; Chief of Defence Staff, Maj. Gen. Lucky Irabor; President Muhammadu Buhari; Chief of Army Staff, Maj. Gen. Ibrahim Attahiru; and the Chief of Air Staff, Air Vice Marshal Isiaka Amao, during the service chiefs’ maiden meeting with the president in Abuja...yesterday godwin omoigui

Make Nigeria Safer, Buhari Orders New Service Chiefs Military top brass await N’Assembly’s confirmation Hold new appointees accountable, NEF urges president PDP asks ICC to probe outgoing officers for crime against humanity Makinde, Akeredolu, Ooni visit Presidential Villa over insecurity

Davidson Iriekpen in Lagos, Deji Elumoye,Chuks Okocha and Adedayo Akinwale in Abuja President Muhammadu Buhari yesterday met with the new service chiefs, urging them to concentrate their efforts on helping his administration to deliver on its electoral pledge to make Nigeria a safer place

for citizens to live. A statement by the president's media adviser, Mr. Femi Adesina, quoted Buhari as congratulating the new appointees, and telling them that their job is well cut out for them given the insecurity wracking the nation. The president’s maiden meeting with the new service chiefs, however, coincided

with rising criticism of the presidential appointment without a request for confirmation by the National Assembly as required by law. But the Northern Elders Forum (NEF) has urged Buhari to hold the new service chiefs accountable for the success or failure of the war against insecurity even as the Peoples Democratic Party (PDP) called

on the International Criminal Court (ICC) to investigate the tenure of the immediate past service chiefs for alleged atrocities and crimes against humanity committed by security operatives under their command. The president said: "We are in a state of emergency. Be patriotic, serve the country well, as your loyalty is to the

country. "There's nothing I can tell you about the service because you are in it. "I was also in it and I will pray for you. I also assure you that whatever I can do as Commander-in-Chief will be done, so that the people will appreciate your efforts. “You know the stage we were in 2015, you know the

stage we are now, and the undertakings we made. We promised to secure the country, revive the economy, and fight corruption. None has been easy, but we have certainly made progress." Buhari also charged the service chiefs to be concerned about the morale of their Continued on page 8

FEC Approves Policy to Stop Rejection of Nigerian Goods...Page 5


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