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JUST IN: An End To Crude Oil Theft in Nigeria Underway – Uzodinma
The Chairman of the National Executive Council (NEC) Committee on Crude Oil Theft and Management, Hope Uzodinma, said Thursday, ‘there is an end in sight to crude oil theft in Nigeria.”
Uzodinma – the Governor of Imo State, who gave this assurance, described crude oil theft in Nigeria as a “monster”, that the menace is particularly worrisome, and tackling it decisively will improve the oil production profile of the country.
Uzodinma , had after a meeting of the Committee in Abuja, also ruled out the importation of crude oil in Nigeria but expressed optimism of an end to it.
He said that the report of the committee, if implemented by NEC will stop crude oil theft in Nigeria.
The committee had during its last meeting in January 2024 developed an action plan and roadmap that would be used to confront crude oil theft head on, and resolved to identify the areas of leakages, likely causes and way forward.
He said, “This is Sub-Committee on National Economic Council and our job is really to look into crude oil theft, and prevention of the theft. Arising from that, we did a lot of fact findings, we made a lot of consultations. We spoke to critical stakeholders and we are beginning to see light at the end of the tunnel.
“It is our hope that at the end of this assignment, we will put together a report that is very bold and courageous that will be useful to NEC, and if implemented, will stop this monster called crude oil theft. Then, our natural resources endowed by God, oil and gas, we will be able to tap into it and develop our country.
“The implications of increasing production and reducing losses is that we will become more solvent, our Naira will also be stronger and access to foreign exchange easy. In consequence of that, the cost of living will come down, and prices will begin to come down, inflation will also begin to reduced.”
“Nigeria Not Importing Crude Oil”
Uzodinma said, “I don’t think and I have never seen it anywhere that Nigeria is going to import or is importing crude oil. Of course, the sector is gradually being deregulated.
In our private refineries, of course under the open market system, private refineries can buy their crude oil from any market, anywhere in the world.
But for Nigeria as a country, currently we are exporting crude oil, I pray that there will be a day when we begin to import crude oil to augment what we have for the purpose of manufacturing and stimulating our economic activities.
“In South Korea, they have 22 refineries, and they don’t produce one barrel of crude oil. All the crude oil they use for processing or for servicing the refineries are all imported and it is defined and developed economy.
News
NAFDAC : Fake Cowbell Milk in circulation
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.
The National Agency for Food and Drug Administration and Control (NAFDAC) advises Nigerians to be vigilant and avoid purchasing counterfeit 12g Cowbell “Our Milk” sachets circulating across the country.
In a statement issued on Friday, the agency explained that the counterfeit product imitates the discontinued Cowbell “Our Milk” packaging, which Promasidor Nigeria Ltd stopped producing in September 2023.
The legitimate product was replaced with Cowbell “Our Creamy Goodness.”
The fake sachets unlawfully bear the Cowbell brand name, NAFDAC registration number and packaging design, despite not being manufactured or distributed by Promasidor.
The counterfeit products currently in circulation are imitations of the discontinued ‘Our Milk’ packaging and are not manufactured or distributed by Promasidor,” the agency stated.
“They bear unauthorised use of the brand name, NAFDAC Registration Number, and packaging design.”
The regulator raised concerns over the health risks posed by the counterfeit product.
“Risk Statement: Consumption of counterfeit milk poses serious health hazards, including exposure to toxic chemicals, unapproved additives, or diluted ingredients.
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.
Infants, children, pregnant women, and the elderly are particularly vulnerable,” NAFDAC warned.
News
Japan designates the city of Kisarazu for Nigerians to live and work
Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.
The Japanese government has designated the city of Kisarazu as the official “hometown” for Nigerians seeking to live and work in Japan
Japan also unveiled similar hometown designations for Tanzania, Ghana, and Mozambique in Nagai, Sanjo, and Imabari, respectively.
The announcement was made on the sidelines of the 9th Tokyo International Conference for African Development (TICAD9), a move aimed at deepening cultural diplomacy, promoting economic growth, and enhancing workforce productivity.
Under the new arrangement, the Japanese government will introduce a special visa category for highly skilled, innovative, and talented Nigerian youth. Artisans and other blue-collar workers willing to upskill will also be eligible to live and work in Kisarazu under the special visa dispensation.
“Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.
The designation of Kisarazu builds on historical ties between Nigeria and the city.
The Nigerian Olympic contingent trained in Kisarazu during preparations for the 2020 Tokyo Olympics, where athletes acclimatised before moving to the Olympic Village.
Mayor Yoshikuni Watanabe of Kisarazu, who received the certificate from the Japanese government alongside Mrs. Adeseke, expressed optimism that the initiative would boost the city’s population and contribute to regional revitalisation efforts.
The three tiers of government—federal, state, and local—shared a total of N2.001 trillion from the Federation Account as revenue for the month of July 2025, according to the Federation Account Allocation Committee (FAAC).
The allocation was made during the FAAC meeting held in August 2025 in Abuja, with details released in an official communiqué.
The distributable revenue included:
- N1.282 trillion in statutory revenue
- N640.610 billion from Value Added Tax (VAT)
- N37.601 billion from Electronic Money Transfer Levy (EMTL)
- N39.745 billion from exchange rate difference
Out of the total distributed funds:
- The Federal Government received N735.081 billion
- State Governments received N660.349 billion
- Local Government Councils received N485.039 billion
- N120.359 billion was shared to oil-producing states as 13% derivation revenue
Revenue Breakdown:
Statutory Revenue (N1.282 trillion):
- FG: N613.805 billion
- States: N311.330 billion
- LGs: N240.023 billion
- 13% Derivation: N117.714 billion
VAT (N640.610 billion):
- FG: N96.092 billion
- States: N320.305 billion
- LGs: N224.214 billion
EMTL (N37.601 billion):
- FG: N5.640 billion
- States: N18.801 billion
- LGs: N13.160 billion
Exchange Gains (N39.745 billion):
- FG: N19.544 billion
- States: N9.913 billion
- LGs: N7.643 billion
- 13% Derivation: N2.643 billion
The total gross revenue for July was N3.836 trillion, down from N3.485 trillion in June. Cost of collection deductions amounted to N152.681 billion, while N1.683 trillion was allocated for transfers, refunds, savings, and interventions.
FAAC noted improved collections from Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duties, while Companies Income Tax and CET Levies declined slightly. VAT and Import Duties saw marginal growth.
The committee reiterated its commitment to ensuring transparency in the allocation of national revenues across all levels of government.
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Japan designates the city of Kisarazu for Nigerians to live and work
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