By Ambrose Nnaji

The Society of Petroleum Engineers Nigeria Council has announced that the 2026 edition of the Oloibiri Lecture Series and Energy Forum (OLEF) will on April 9, at the Petroleum Technology Development Fund (PTDF) Tower in Abuja.

The forum will convene regulators, operators, policymakers, investors, and energy professionals to develop practical strategies for boosting Nigeria’s oil production and strengthening the broader energy value chain.

Addressing journalists in Lagos, Chairman of the SPE Nigeria Council, Engr. Francis Nwaochei, emphasised that achieving and sustaining production above three million barrels per day would require a decisive shift from legacy production models to technology-driven operations backed by disciplined capital investment and stable policy frameworks.

According to him, while Nigeria possesses the resource base to surpass the 3 million barrels per day threshold, the industry must adapt to a new operating environment defined by tighter margins, aging assets, and heightened global competition.

“The era of easy oil is over. Sustainable growth will depend on innovation, digitalization, efficient capital allocation, and a regulatory climate that enables intelligent operations and asset optimization”, Nwaochei stated.

Themed “Beyond the Three Million Barrels Target: Harmonizing Digitalization, Capital and Policy Frameworks for Intelligent Operations and Asset Optimization,” OLEF 2026 will explore how to align technology adoption, financing models, and regulatory reforms to unlock Nigeria’s full production capacity.

Although output has improved in recent months, Nigeria’s crude production remains below installed capacity, constraining government revenue, foreign exchange inflows, and investor confidence. Nwaochei stressed that stronger output levels are essential to fiscal stability, domestic refining expansion, gas commercialization for power and industry, and Nigeria’s standing as a dependable global supplier.

The forum will also examine strategies for maximising existing assets through enhanced reservoir management, reactivation of shut-in wells, brownfield optimization, and selective new field development. Particular attention will be placed on strengthening indigenous operators through improved access to financing, digital tools, and technical partnerships.

Established to commemorate Nigeria’s first commercial oil discovery in Oloibiri, Bayelsa State, OLEF remains one of the country’s foremost platforms for policy dialogue and industry thought leadership.

The 2026 edition is positioned as a solutions-driven forum aimed at generating actionable recommendations to guide regulatory reforms, investment planning, and long-term national energy strategy.

By Ambrose Nnaji

The Nigeria Extractive Industries Transparency Initiative (NEITI) has applauded President Bola Ahmed Tinubu for issuing Executive Order 9, directing that all revenues accruing to the Federal Government from tax oil, profit oil, profit gas, royalty oil, and other government entitlements under production sharing, profit-sharing and risk service contracts be remitted directly into the Federation Account.

The Executive Order, signed on February 13, 2026, is designed to safeguard oil and gas earnings, curb leakages and eliminate wasteful expenditure by ensuring that all operators transfer statutory revenues straight to the constitutionally recognised Federation Account.

In a statement, NEITI’s Executive Secretary, Musa Sarkin Adar, described the directive as “a bold and strategic milestone” in Nigeria’s ongoing fiscal reform agenda aimed at strengthening transparency, accountability and revenue mobilisation.

According to him, the presidential order aligns squarely with Section 162 of the Constitution, which mandates that all revenues collected by the government be paid into the Federation Account for equitable distribution among the federating units.

“For over two decades of our oversight work, NEITI has consistently recommended the full remittance of all revenues due to the Federation Account in line with constitutional provisions,” Sarkin Adar stated. “This directive reflects the realisation of that long-standing reform objective.”

He recalled that NEITI’s 2017 special report titled Unremitted Funds, Economic Recovery and Oil Sector Reform uncovered over $20 billion in revenues owed to the Federation but yet to be remitted at the time — a development that significantly strained government finances and triggered high-level engagements between the executive, legislature and oversight bodies.

The NEITI boss said the new order marks a critical step in addressing systemic revenue gaps and consolidating reforms introduced under the Petroleum Industry Act (PIA), which remains the principal legislation governing Nigeria’s oil and gas sector.

While affirming NEITI’s longstanding advocacy that contributed to the enactment of the PIA, Sarkin Adar urged the National Assembly and relevant stakeholders to expedite amendments to align certain provisions of the law with emerging fiscal reforms and current operational realities.

“The core objectives of transparency, efficiency and accountability that shaped NEITI’s advocacy for the PIA are being advanced through this directive,” he noted.

He reiterated the agency’s commitment to collaborate with anti-corruption institutions, development partners and other stakeholders to deepen reforms and ensure the transparent, accountable and efficient management of Nigeria’s extractive resources for the benefit of all federating units and citizens.

Analysts say the Executive Order, if effectively implemented, could significantly boost government revenues, reduce opacity in oil remittances and improve fiscal stability at a time when Nigeria is intensifying efforts to strengthen its public finance framework.

By Ambrose Nnaji

The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned a state-of-the-art Clinical Skills and Simulation Laboratory at Bayelsa Medical University (BMU), Yenagoa, in a landmark intervention aimed at strengthening local capacity and aligning medical training in Nigeria with global standards.

Fully funded and equipped by the Board, the hi-tech facility features high-fidelity adult and paediatric patient simulators, laparoscopic training systems, and obstetric trainers, advanced life support mannequins, consultation cubicles, and integrated audio-visual learning systems. University authorities said the equipment will enable students to acquire hands-on clinical experience in a zero-risk environment — allowing them to learn, make mistakes, and perfect life-saving skills before attending to real patients.

Speaking during the commissioning at the university’s Clinical Skills Acquisition Centre, the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, underscored the broader philosophy driving the intervention.

“Capacity building is not just about oil and gas; it is about ecosystems,” he said, noting that industries such as healthcare, education, engineering and logistics are intrinsically linked to the oil and gas value chain.

Represented by the Acting Director, Planning, Research and Statistics, Ene Ette, Ogbe described simulation-based learning as the global benchmark in modern medical education. According to him, it enhances clinical competence, sharpens decision-making, and builds professional confidence in a controlled and safe environment.

He commended the management of BMU and partner organisations for what he termed a strategic collaboration that translates policy into measurable developmental impact, describing the upgraded laboratory as a deliberate investment in human capital development.

The Vice Chancellor, Professor Dimie Ogoina, in his welcome address, described the event as more than the unveiling of a building or medical equipment.

“This is about securing the future of healthcare in Bayelsa State, the Niger Delta and Nigeria at large,” he said.

Ogoina expressed deep appreciation to the NCDMB, recalling that upon assuming office in 2025, he unveiled the A.S.P.I.R.E. Agenda — a strategic vision to transform BMU into a globally recognised leader in medical education, research and innovation powered by technology and excellence.

“Today, we are seeing that vision come alive,” he said, noting that the facility would directly contribute to reducing medical errors, improving patient safety and producing highly skilled indigenous healthcare professionals capable of serving both communities and industries.

“We are not just training doctors for today; we are nurturing digital-age physicians ready to compete globally,” he emphasised.

The Vice Chancellor also acknowledged the support of Bayelsa State Governor, Douye Diri, as well as the Commissioners for Health and Education, for creating an enabling environment for strategic partnerships.

The Provost of the College of Medicine, Professor Philip Eyimina, said the laboratory played a pivotal role in the university’s recent accreditation verification exercise, affirming its readiness to deliver quality medical education in line with national standards.

“In this laboratory, our students will master essential competencies — from history taking and physical examination to suturing, intravenous access, cardiopulmonary resuscitation, obstetric procedures and emergency response — while developing critical thinking, teamwork and communication skills,” he stated.

Representing Governor Diri, the Commissioner for Education, Gentle Emelah, described the facility as remarkable and aligned with the university’s ambition to become a leading institution in medical education globally.

The Pro-Chancellor, Tarilah Tebepah, thanked the NCDMB for its foresight and generosity, urging the Board to sustain its partnership with the institution as it continues to address resource constraints.

The ceremony was complemented with a guided tour of the facility, including its Virtual Reality Station, Paediatric and Airway Management Stations, ECG and Patient Monitoring Station, IV Fluids Administration and Cannulation Station, and a fully equipped Demonstration Hall — underscoring a new chapter in technology-driven medical training in the Niger Delta.