No Respite for Nigeria as Oil Production Falls to 1.083m bpd in July Deficit exceeds 700,000bpd despite assurances of increased drilling Emmanuel Addeh in Abuja The expectation that Nigeria’s current dollar crunch could subside soon has again been dashed as the country’s crude oil production remained below
expectation, slumping to 1.083 million barrels per day in July. July’s production figure, sourced from the data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), followed the trend
in the country’s abysmally low drilling capacity in at least the last 10 months. For the month under review, however, the country’s production allocation by the Organisation of Petroleum
Exporting Countries (OPEC) was roughly 1.8 million (1.799) barrels per day. This means that Nigeria could not produce as much as 717,000 bpd or 22.22 million barrels during July. When valued at a
conservative price of $110 per barrel, the 22.22 million barrels were about $2.444 billion for the month. While the rest of the oilproducing world and oil majors continue to enjoy high oil prices,
Nigeria’s case has been different. Though the country currently needs every dollar it can get, as pressure on the economy, due to the near non-availability of the Continued on page 10
APC Considers Badaru, Umahi, Akeredolu, Five Other Govs as Presidential Campaign Directors… Page 10 Sunday 7 August, 2022 Vol 27. No 9980
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Buhari Seeks Drastic Measures against Killing of Six Nigeriens in S'East Gunmen kill six policemen, four others, abduct 14 Indians in Imo, Kogi Deji Elumoye in Abuja and Ibrahim Oyewale in Lokoja President Muhammadu Buhari has reiterated his unequivocal condemnation of the attacks
against non-indigenes and law enforcement officials by terrorists in the South-east, promising all possible action in conducting a speedy investigation to bring the perpetrators to justice.
Buhari’s reaction came amidst reports of the killing of six Nigerien citizens and the brutal killing of a number of policemen at their duty posts. Gunmen had on Monday
attacked a building at Orogwe, Owerri, Imo State, which was occupied by mainly Hausa and killed six Nigeriens. Also, suspected gunmen killed two policemen, two expatriates
and two company drivers in Ajaokuta Local Government Area of Kogi State. The gunmen equally abducted 14 Indians who were on their way home from work at the
West African Ceramics when their Coaster bus was attacked. Another set of gunmen also yesterday attacked and killed Continued on page 8
PDP, LP Tackle Oshiomhole, Say Tinubu Should Take Credit, Blame for Buhari’s Performance Urge former Lagos, Edo govs to apologise for misleading Nigerians Atiku, Wike’s face-off delays constitution of PDP’s presidential campaign council Party’s NEC to meet on Thursday over membership of council
Chuks Okocha and Onyebuchi Ezigbo in Abuja The Peoples Democratic Party (PDP) and the Labour Party (LP) have condemned the attempt by a former National Chairman of the All Progressives Congress (APC), Mr Adams Oshiomhole, to exonerate the presidential candidate of the ruling party, Senator Bola Ahmed Tinubu from any shortcomings of the President Muhammadu Buhariled administration. The two opposition parties also asked the former governors of Edo and Lagos states to apologise for misleading Nigerians in 2015 and 2019. This is coming as the faceoff between the presidential candidate of the PDP, Atiku Abubakar and the Rivers State Governor, Nyesom Wike, has continued to delay the constitution of the party's presidential campaign council. Continued on page 5
CELEBRATING DAISY @ 70… L-R: Sokoto State Governor, Hon. Aminu Tambuwal; former Minister of Defence, General TY Danjuma (rtd); his wife and celebrant, Daisy; Lagos State Governor, Mr. Babajide Sanwo-Olu; Taraba State Governor, Mr. Darius Ishaku; and former Vice President, Alhaji Atiku Abubakar, during the 70th anniversary of Daisy in Lagos…yesterday MUBO PETERS