My people, big news dey ground for oil investors wey wan join di 2025 oil licensing round. Federal Government don talk say any wahala wey happen for dis bidding process, na una go carry am, e no dey for their plan to give refund or exchange any oil asset o! E don set like that, my brothers and sisters, no shaking!
Dis warning come from di Minister of State for Petroleum Resources, Heineken Lokpobiri, for one big conference wey dem hold for Lagos. Dem gather plenty people, both online and offline, to educate dem about di business wey dey ahead. E clear say dem no wan make any mistake like wetin happen for di 2020 bid round.
Lokpobiri come yan say di time wey people dey carry oil licence just to show off or to sell am don pass, e don tell dem say na for development dem go use di licences. He recount say some bidders from di last round don dey knock di door of his office for refunds, na im talk say e no go fit happen again, if you bid, you chop your risk!
Aya! Di minister come clear say if you win bid and find say di oil or gas no dey, no wahala, you no go see any refund come your way o. Wetin you see, na wetin you chop. He sharply rebuke people wey dey hold oil blocks without development, remind dem say na value dem suppose dey create, not trophy wey dem dey carry waka with!
According to Lokpobiri, di 2025 licensing process go dey based on di Petroleum Industry Act wey go promote transparency and fairness. E don advise companies wey no get enough money to join matter with partners wey get credibility to make sure say dem bid na correct one. E talk say fossil fuel still dey reign supreme for di global energy market, so no need to fear!
Oritsemeyiwa Eyesan, di CEO of NUPRC, dey follow up di minister talk by saying say dem don make sure say any waka wey no bring result go fit carry di wahala away from those wey no dey do wetin dem suppose do. E make us sabi say, if you no work your blocks, dem go take am from you! E no get time for lazy investors again!
Di CEO also drop small gist about di new plans to fast-track approvals for oil projects and how di government dey target three million barrels oil production per day by 2030. She come advise those wey get plans to submit dem before di end of first quarter of 2026. Dis one no be time to slack because di competition dey hot!
Nigeria wey dey lead di oil business for Africa don dey face many palava like oil theft and low investment, but di government dey make correct moves to gain back di confidence wey dem lose. Dem also dey ensure say investors fit relate better with di regulatory body to make things smooth. Na wetin we all dey pray for!
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