SATURDAY 2ND OCTOBER 2021

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Nigeria Posts OPEC’s Biggest Output Gain in September With 170,000 bpd rise, gradual production recovery begins Emmanuel Addeh in Abuja with agency report Oil output of members of the Organisation of Petroleum Exporting Countries (OPEC) rose in September to its highest

since April 2020, as Nigeria's production also recovered from involuntary losses. The group's top producers further eased supply curbs in September under a pact with its allies known as OPEC+,

revealed a survey by Reuters. According to the survey, OPEC pumped 27.31 million barrels per day (bpd) last September, up 420,000 bpd from August's revised estimate. The biggest rise in

September was from Nigeria, where output rose by 170,000 bpd after Forcados force majeure and other problems in August were eased. The Forcados terminal export outlet was under force

majeure in August, limiting supply. Even so, Nigeria is pumping almost 100,000 bpd less than its OPEC target as under-investment restrains output. OPEC and allies, known

as OPEC+, are easing output cuts made in April 2020 as demand recovers, although due to a lack of capacity in some members, OPEC+ is Continued on page 5

Okonjo-Iweala: Hearsays about My Interest in Presidency ‘Utterly Ridiculous’… Page 5 Saturday 2 October, 2021 Vol 26. No 9672

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Sanusi: Nigeria Throwing Away Millions of Dollars in the Scam Called Subsidy Ahamefula Ogbu The former Emir of Kano, Muhammadu Sanusi II, yesterday identified corruption, poor leadership and wrong-headed policies as

the bane of Nigeria, citing the regime of paying subsidy on petroleum products as part of the corrupt practice that may bring the country to its knees. Speaking on ARISE News Channel, the former governor

of the Central Bank of Nigeria also described as an assumption, the notion that Nigeria is an oil rich country. Sanusi declared: “This has always been a big joke for me and we also talk about

the fuel subsidy. President Jonathan tried to remove fuel subsidy and the people protested. You are producing two million barrels of oil for 180 million people and that’s one barrel for 80 people. Saudi

Arabia produces one barrel for three citizens. “You produce one barrel for 80 and your share of that revenue from that barrel is maybe half, so it translates to one barrel for 160 people.

We need education, we need healthcare, infrastructure, telecommunication, agriculture and you decide that what they need more than anything else Continued on page 5

Wike Warns Jonathan against Falling for APC’s Enticement Says ruling party aiming to destroy ex-president with weird bait Bennet Oghifo Governor Nyesom Wike of Rivers State yesterday urged former President Goodluck Jonathan to remain in the Peoples Democratic Party (PDP) and resist the temptation of joining the All Progressives Congress (APC). According to Wike, who spoke in an interview on BBC News Pidgin, the PDP is a better political platform for the ex-President to run for the 2023 Presidency if he chooses to. Wike warned Jonathan not to be enticed by moves by the APC to lure reputable members of the PDP, adding that the ruling party is offering nothing Continued on page 5

Kwara Leaders Recommend Yahaya FOR NIGERIA@61... Bello's Security ALL L-R: Chief Justice of Nigeria, Ibrahim Tanko Muhammad; former President , Goodluck Jonathan; Speaker, House of Representative, Femi Gbajabiamila; Vice Yemi Osinbajo; FCT Minister, Mohammed Bello; former Head of State, Abdullami Abubakar; Senate President Ahmed Lawan and the Minister of Template... Page 37 President Defence, Bashir Magashi with President Muhammadu Buhari, at the Independence Day celebration at Eagles Square, Abuja...yesterday GODWIN OMOIGUI

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