THURSDAY 4TH AUGUST 2022

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NLNG Suffers $7bnYear-to-Date Revenue Loss Due to Gas Supply Shortages Heirs Oil & Gas' crude production fell to 3% in Dec. 2021 Seplat backs FG on call for just energy transition for Africa Peter Uzoho The security challenge facing oil and gas companies in the country is having a heavy toll on the production and revenues of the Nigeria Liquefied Natural Gas (NLNG)

Limited as it has resulted to the company losing almost $7 billion revenue so far in 2022 due to gas supply constraints. The company's General Manager, Production, Mr. Adeleye Falade disclosed this yesterday in Lagos,

during a panel session at the 45th Nigeria International Conference and Exhibition (NAICE) 2022, with the theme: "Global Transition to Renewable and Sustainable Energy and the Future of Oil and Gas in Africa."

Also at the session, Tony Elumelu's Heirs Oil & Gas revealed that oil production at its Oil Mining Leases (OML) 17 dropped to three per cent in December 2021, just as Seplat Energy Plc has joined the federal government in advocating for

a balanced and just energy transition for Nigeria and other developing Africa nations. Speaking on the panel, which centred on the topic: "Operationalising a Clean-Energy Transition for Sustainable Development in Africa,

Falade, who represented NLNG's Managing Director, Dr. Philip Mshelbila, said the company's 22 million tons per day plant's production currently trends at 99.4 Continued on page 48

CBN Urges Private Sector Operators to Repatriate FX Earning to Ease Pressure... Page 5 Thursday 4 August, 2022 Vol 27. No 9977. Price: N250

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2023: INEC Reiterates Neutrality, Says It Has No Preferred Candidates... Page 5

FG Approves PPP for Badagry Deep Seaport, to Generate $53.6bn Explains purchase of N1.45bn security vehicles for Niger Republic Deji Elumoye in Abuja The Federal Executive Council (FEC)

yesterday approved the development of the Badagry Deep Seaport on a built-own-operate transfer

Public Private Partnership (PPP) arrangement. The Minister of Transportation,

Mu'azu Jaji Sambo disclosed this during an interview with journalists at the end of the FEC

He explained that the private sector would inject money for the development of the port and at the

end of the concessionary period, the Continued on page 48

Oshiomhole: Tinubu Can’t Be Held Responsible for Buhari’s Performance President’s failure in security, economy make APC’s presidential candidate unmarketable, says Atiku support group Emma Okonji, Nosa Alekhuogie in Lagos and Victor Ogunje in Ado Ekiti Former National Chairman of All Progressives Congress (APC) and ex- governor of Edo State, Mr. Adams Oshiomhole, has said the presidential candidate of the party, Asiwaju Bola Tinubu, cannot be held responsible for the performance of the current administration of President Muhammadu Buhari. Oshiomhole spoke yesterday on “The Morning Show”, a programme on Arise News Channel, the broadcast arm of THISDAY Newspapers. Oshiomhole’s assertion came as a Peoples Democratic Party (PDP) group rallying support for its presidential candidate, Alhaji Atiku Abubakar, The Atiku Mobilisers Ekiti (TAME), yesterday said the frightening insecurity across the country and weak economic status had rendered Tinubu unmarketable Continued on page 48

NIGER REPUBLIC HONOURS SIX NIGERIANS... L-R: Jigawa State Governor, Muhammad Badaru Abubakar; Zamfara State Governor, Muhammad Bello Matawalle; President of Niger, Mohamed Bazoum; President of Dangote Group, Aliko Dangote; Chairman/CEO, BUA Group, AbdulSamad Rabiu; Amb Lawan Kazaure and Senior Special Assistant to President Buhari, Mallam Sariki Abba, during the conferment of PHOTO: SUNDAY AGHAEZE. national honours on six Nigerians by Niger President to mark the country's 62nd Independence anniversary in Naimey, Niger... yesterday

NCAA Assures of Air Safety Despite Hiccups in Flight Operations... Page 8


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