Category: Energy

  • Fed Govt opens doors to local, foreign partnerships on renewable energy

    Fed Govt opens doors to local, foreign partnerships on renewable energy

    The Federal Government has reaffirmed commitment to advancing renewable energy in Nigeria through strategic partnerships with both local and international companies.

    Secretary to the Government of the Federation (SGF), Senator George Akume, made the disclosure in Abuja when he received a delegation from KF Manufacturing Company, Guangzhou, China, led by its Managing Director and Chief Executive Officer, Mr. Bruce Zheng.

    Akume underscored the centrality of renewable energy to President Bola Ahmed Tinubu’s economic recovery and sustainability plan, stressing that Nigeria cannot afford to lag behind in the global transition to clean energy.

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    A statement by the Director of Information and Public Relations in the Office of the SGF, Segun Imohiosen, Akume explained: “The Federal Government is opening its doors to genuine local and foreign companies with the capacity and technology to drive renewable energy projects across the country. This partnership will go a long way to promote efficient power to people, industries, and domestic uses”.

    The SGF assured that the administration is creating a conducive business environment by removing obstacles to investment. 

    He highlighted the abolition of multiple foreign exchange systems and multiple taxation as clear signals of the government’s resolve to ease the cost of doing business, particularly for small and medium-scale enterprises.

     Zheng noted that most government institutions have yet to fully embrace renewable energy. 

    He affirmed his company’s readiness to work with the Nigerian government to expand access to clean and safe energy solutions.

    He disclosed that KF Manufacturing Company supplies eco-friendly and green-compliant solar panels, batteries, and inverters, which he said are crucial in reducing dependence on fossil fuels and safeguarding the environment.

  • NNPCL appoints Odeh as Chief Corporate Communications Officer, Adewunmi as CRO

    NNPCL appoints Odeh as Chief Corporate Communications Officer, Adewunmi as CRO

    The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of Mr. Andy Odeh as its new Chief Corporate Communications Officer.

    The state-owned company also named Mrs. Morenike Adewunmi as Chief Relations Officer.

    The appointments were disclosed in a press statement issued by NNPCL on Tuesday.

    The statement said, “NNPC Limited Appoints New Corporate Communications, Relations Chiefs

    NNPC Ltd. is pleased to announce the appointment of two seasoned executives, Mr. Andy Odeh and Mrs. Morenike Adewunmi, to key leadership positions. Mr. Odeh assumes the role of Chief Corporate Communications Officer, while Mrs. Adewunmi has been appointed Chief Relations Officer.”

    According to the statement, Mr. Odeh brings over three decades of extensive experience in communications and business administration across the oil and gas, advertising, and broadcasting sectors. 

    Prior to joining NNPC, he had a distinguished 26-year career at Nigeria LNG (NLNG). There, he held various leadership roles in Community Relations and Development; Business Logistics and Services; Information Management and Technology; Corporate Communications and Public Affairs; Government Relations and Regulatory Compliance, and most recently, General Manager of External Relations and Sustainable Development.

    He is recognized for his work on major public relations and advertising campaigns for top brands. 

    At NLNG, he successfully managed the company’s rebranding and implemented one of Nigeria’s best-run micro-credit schemes for host communities.

    Mr. Odeh was also instrumental in instituting the NLNG Prize for Energy Reporting. He is an alumnus of the University of Jos, the University of Lagos, INSEAD Business School, and the Nigeria Institute for Policy and Strategic Studies (NIPSS), among others.

    Mrs. Adewunmi is a legal professional with over 25 years of experience in the oil and gas industry. Her expertise is in stakeholder management and advocacy, particularly from her extensive tenure at the Shell Companies in Nigeria (SCIN).

    “She is highly regarded for her ability to navigate complex external landscapes, ensuring regulatory compliance and protecting the company’s “License to operate.”

    At Shell, she held key roles, including Regulatory Affairs Manager, where she managed all mandatory regulatory engagements and permits. 

    As the Government Relations Manager, she built and maintained constructive relationships with the Presidency, Ministries, Departments, and Agencies.

    Mrs. Adewunmi is known for her strong leadership skills, emotional intelligence, and ability to build robust stakeholder networks. She is a subject matter expert on non-technical risks and has a background in law from the Nigerian Law School and Olabisi Onabanjo University.

    The appointment of Mr. Odeh and Mrs. Adewunmi reflects NNPC Limited’s commitment to enhancing communication and engagement with stakeholders.

  • Investigate alleged threats on NNPCL GCEO, Itsekiri group tasks IGP, DSS

    Investigate alleged threats on NNPCL GCEO, Itsekiri group tasks IGP, DSS

    A Delta- based organisation, Itsekiri Progressive Youth Movement (IPYM), has called on the Inspector – General of Police, Kayode Egbetokun and other relevant security agencies to investigate the alleged threats to life, raised by the Group Chief Executive Officer, GCEO of Nigerian National Petroleum Company Limited, (NNPCL) Engineer  Bashir Bayo Ojulari.     

    Speaking last week at the NNPC Towers in Abuja, while playing host to a delegation from the national body of the Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN) led by its president, Comrade Festus Osifo, Ojulari alleged that he was facing threats to his life because certain forces were not comfortable with the reforms he has introduced to instill sanity in the oil sector.

    He maintained that the reforms have unsettled the forces who benefit tremendously from the current inefficiencies in the oil and gas sector, particularly  the comatose shape of the nation four refineries.

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    According to him:”We are under attack. We will not budge to short-term pressure, as it will not be in the best interest of Nigerians. You cannot drive change without a price, and the transformation is tough”

    The IPYM, in a statement issued at the weekend noted that an orchestrated protest staged in Abuja  calling on President Bola Ahmed Tinubu to sack Ojulari and his alarm of threats to life  should not be treated with levity by security agencies.

    The statement signed by Comrade Jerry Atiene and Hon Romeo Ogedegbe, National Chairman and , General Secretary, respectively declared  that security agents must unmask individuals behind the threats to life of the NNPCL GEO.

     ” We were deeply troubled, when the NNPCL Boss, Engr. Bashir Bayo Ojulari, disclosed that his life and those of the company’s management staff were being threatened.                 

     ” Patriotic Nigerians and critical stakeholders, should be worried by Engr. Ojulari’s statement that his offence was introducing reforms in the oil  and gas sector, in – line with President Bola Tinubu’s determination to revive the moribund public refineries in Port Harcourt, Warri and Kaduna.           

    “Security agencies, should  swing into action immediately, to unmask those behind the threats and blackmail..”                 

    Whilst positing that the Ojulari – must – go protest at Abuja, was  a classical case of corruption fighting back, IPYM, called on the GCEO of Nigerian National Petroleum Company Limited, NNPCL, not to be deterred in his resolve to make  the NNPCL  profit – oriented and ensure the four public owned refineries across the country, work optimally.                              

    The group further pleaded with Nigerians,  to give the Engr. Ojulari – led management of NNPCL more time to turn around the fortunes of our public refineries toward  a progressive trajectory and contribute more meaningfully to our national development.

  • All On chairman urges bold investments to bridge energy gap in Nigeria

    All On chairman urges bold investments to bridge energy gap in Nigeria

    All On, a Shell-funded impact investment company, participated in the 2025 Lagos Chamber of Commerce and Industry (LCCI) International Business Conference & Expo, held at Eko Hotels and Suites, Victoria Island, Lagos. 

    The event, themed “Invest Nigeria”, brought together global business leaders, diplomats, and policymakers to explore investment opportunities across Nigeria’s diverse sectors.

    Ronald Adams, Chairman of All On and Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), delivered a keynote address titled “Investment Opportunities in Nigeria: A Renewable Energy Perspective.” In his speech, Adams emphasized the critical role of renewable energy in Nigeria’s development and the vast potential for private sector investment.

    “The opportunity in Nigeria is real. The needs are urgent. And the ecosystem is vibrant. Now is the time to invest, not just in businesses, but in Nigeria’s future, a future that is inclusive, sustainable, and resilient,” said Ronald Adams.

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    Adams highlighted All On’s impact since its inception in 2016, including over 50 direct investments, over $40 million committed, and clean energy access provided to over 1.2 million Nigerians across 190 underserved communities. He also spotlighted initiatives like the Demand Aggregation for Renewable Technology (DART) and the DARES programmes, which are transforming Nigeria’s energy landscape.

    The conference featured a robust lineup of speakers and dignitaries, including Dr. Olufemi Ogunyemi, MD, Nigeria Export Processing Zones Authority, Mr. Christian Mulamula, Principal Country Officer, IFC Nigeria, Dr. Christian Ebeke, IMF Resident Representative, Dr. Awele V. Elumelu, OFR, Chairperson, Avon Medical Practice, Amb. Christophe Bazivamo, Ambassador of Rwanda to Nigeria, Amb. SUZUKI Hideo, Ambassador of Japan to Nigeria, Amb. Peter Ryan, Ambassador of Ireland to Nigeria, Amb. Mohamadou Musa Njie, Ambassador of Gambia to Nigeria, Selestine Gervas Kakele, High Commissioner of Tanzania to Nigeria, Amb. Johannes Lehne, Ambassador of Germany to Nigeria, amongst others.

    The two-day event also featured country-to-country business sessions, regulatory panels, and private luncheons with diplomats and government officials, reinforcing Nigeria’s position as a gateway for investment into Africa.

    All On remains committed to powering progress in Nigeria through strategic investments in clean energy and fostering partnerships that drive inclusive growth.

  • FG, TotalEnergies renew partnership as company divests Bonga North stake to Shell

    FG, TotalEnergies renew partnership as company divests Bonga North stake to Shell

    The Federal Government has reaffirmed its commitment to fostering increased crude oil production through supportive policies, incentives, and strategic partnerships with international oil companies (IOCs). 

    This reassurance came during a courtesy visit by Mr. Nicolas Terraz, President, Exploration & Production at TotalEnergies SE, to the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, in Abuja.

    During the meeting, Terraz provided updates on TotalEnergies’ ongoing and future operations in Nigeria. He confirmed the successful drilling of additional wells. He also highlighted their continued stability of production, while noting the company’s divestment of its interest in the Bonga North project to Shell.

    According to a statement by Nneamaka Okafor, SA Media and Communication to the Minister, “TotalEnergies is fully committed to supporting Nigeria’s energy goals. Our continued investment in projects like Ubeta demonstrates our long-term vision, even as we responsibly rebalance our portfolio with the divestment in Bonga North,” Terraz stated.

    Senator Lokpobiri commended TotalEnergies for being a reliable and strategic partner to Nigeria, praising the company’s commitment to both existing and new developments. 

    He emphasized the government’s readiness to support upstream investments through favourable policies and a stable operating environment.

    “Our support and incentives as a Government have continued to inspire a production trajectory that aligns with our goal of ramping up production,” the Minister said.

     “We are committed to implementing the deepwater incentives to ensure this momentum is sustained and not eroded.”

    The Minister highlighted the need for continuous investment in the sector, stressing that Nigeria cannot meet its production targets without new investments or increased drilling activities. 

    “We are absolutely in support of divestments where necessary, but it is critical that there is demonstrated capacity to manage the assets being transferred,” he added. 

    “Our expectation is that companies invest in every asset they hold, but where that is not possible, farm-outs and partnerships are welcome. We are always open to discussions aimed at building consensus and achieving shared objectives.”

    The meeting reaffirmed the strong collaboration between the Nigerian Government and IOCs in unlocking the full potential of the country’s oil resources while meeting both domestic energy needs and international obligations.

  • IInternational syndicates behind threats to energy infrastructure – Ojulari

    IInternational syndicates behind threats to energy infrastructure – Ojulari

    The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, stated that 

    sophisticated international syndicates are behind threats to Nigeria’s energy infrastructure.

    He said the syndicates exploit gaps in the national, regional and continental security architecture to conduct illicit operations.

    Ojulari said this on Monday when he spoke at at the opening of the maiden African Chiefs of Defence Staff Summit, in Abuja.

    The NNPCL Chief Executive Officer stressed that threats to energy infrastructure were not confined to local actors. 

    According to him, oil theft and its attendant illegal activities are by no means purely localised.

    “They involved sophisticated international syndicates that exploit gaps in the national, regional and continental security architecture to conduct illicit operations,” Ojulari said. 

    He called for greater regional and continental cooperation, noting that energy security must be treated as a shared strategic priority.

    “It is therefore imperative that forums such as this summit are encouraged, with a view to strengthen strategic, tactical and operational collaboration within the continent.

    “Together we can safeguard Africa’s resources, reinforce peace, and create an enabling environment for prosperity for our people,” he added.

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    Ojulari said that the NNPCL was attaining close to 100 per cent crude oil production capacity following strengthened collaboration with security and intelligence agencies.

    He said the turnaround was a product of deliberate and sustained partnership between the oil and gas industry and the Nigerian defence and security institutions.

    Ojulari said: “Not too long ago, our crude oil receipts through pipelines and terminals had dropped dangerously low, sometimes to as little as 20 to 30 per cent.

    “That was a period when pipeline vandalism, crude theft, illegal refineries and sabotage became rampant.

    “Today, I can proudly report to you all that our production and receipts are now attaining close to 100 per cent.

    “Thanks to the professionalism, discipline and collaborative spirit of our security and intelligence agencies, particularly in stabilising the Niger Delta.”

    The NNPCL boss explained that the company had directly witnessed the impact of military operations, intelligence-driven interventions and joint patrols in securing critical energy infrastructure.

    “These successes would not have been possible without the immense and intentional efforts of our government, the armed forces and our intelligence community.

    “Their sacrifices have created the enabling environment for oil and gas operations to thrive once again,” he said.

    Ojulari reaffirmed NNPCL’s commitment to supporting the military and intelligence agencies, stressing that the oil and gas sector in Nigeria would continue to complement continental defence initiatives.

    “At NNPC Limited, we hold this partnership in the highest regard. We stand ready to complement and cooperate with defence and security institutions, not just for Nigeria’s sake, but for Africa’s collective growth and stability,” he said. 

  • NNPCL/NLNG sign 20-year gas supply deals with six firms to strengthen Nigeria’s gas position

    NNPCL/NLNG sign 20-year gas supply deals with six firms to strengthen Nigeria’s gas position

    Nigeria LNG Limited (NLNG) has signed long-term Gas Supply Agreements (GSAs) with six third-party suppliers to secure feedgas for its Bonny Island plant and reinforce Nigeria’s role in the global gas market.

    The 20-year deals, which include extension options, will deliver about 1,290 million standard cubic feet per day (mmscf/d) of feedgas. 

    The suppliers are SNEPCO-SUNLINK HI Project, TEPNG-AMNI JV IMA Project, NNPCL-First E&P JV, SNG NGML, Oando-NNPC E&P, and TEPNG JV Ubeta.

    NLNG Managing Director and CEO, Dr. Philip Mshelbila, described the agreements as a significant milestone achieved through collaboration with shareholders and industry partners. 

    He noted that NLNG had faced challenges such as supply disruptions, pipeline vandalism, and sabotage, which affected feedgas availability.

    “These agreements are a turning point in NLNG’s journey. They restore reliability of supply and ensure we remain firmly on the path of growth and expansion,” Mshelbila said.

    The move supports the federal government’s Decade of Gas initiative, which aims to harness Nigeria’s 200 trillion cubic feet of proven gas reserves for industrialisation, energy security, and economic growth.

    Industry experts hailed the GSAs as a major boost, saying they will help NLNG meet export commitments, stabilise domestic supply, restore investor confidence, and enhance Nigeria’s reputation as a dependable LNG supplier.

    Analysts also see the agreements as a diversification strategy, reducing reliance on traditional shareholder joint ventures and bringing in more indigenous and international gas producers, amid industry shifts and divestments by international oil companies.

    For Nigeria, the deals mark a renewed push to leverage its gas resources for economic development, industrial growth, and global competitiveness.

  • NNPCL asset securitization policy is a game changer

    NNPCL asset securitization policy is a game changer

    By Lucky Ighoyota

    In June 2025, the Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a milestone of 100% availability on its major crude oil pipelines, leading to a rebound in crude oil and condensate production and contributing to increased revenue for the month. This achievement, the first in a long time, was driven by industry-wide security interventions and effective contract management on key infrastructure projects. 

    This milestone boosted crude oil and condensate production to 1.68 million barrels per day in June 2025, the highest since January. The increased production and stable pipeline availability contributed to NNPC’s total revenue of N4.571 trillion for June 2025. 

    The 100% pipeline availability directly supported increased crude oil output and, consequently, higher revenue for the nation. 

    The achievement boosted confidence in Nigeria’s oil sector and signaled a sustained recovery in upstream activities. It also demonstrated progress in completing critical gas infrastructure projects, crucial for delivering gas to industrial and population centers. 

    But in July, the company recorded a substantial decline in its profit after tax, dropping from N905bn in June to N185bn in July. This represents a staggering 79.6% decrease in profit. The July figure marked a significant decline even as oil production rose marginally from 1.68 million barrels per day to 1.7 mbpd, while natural gas production was 7.7 billion cubic feet, compared to 7.58 bcf last month.

    Although the NNPCL didn’t provide any explanation for this sharp decline in July, but giving the facts on ground based on key challenges before the global production index, one could easily peg this profit slump on lower crude production Nigeria has struggled to meet its OPEC production quota, averaging below the expected 1.5 million barrels per day, due to persistent issues such as underinvestment in upstream operations, the company’s extensive refinery rehabilitation program, which, while necessary for long-term self-sufficiency, has demanded substantial capital expenditure.

    NNPCL is investing heavily in restoring key refineries, including those in Port Harcourt, Warri, and Kaduna, with the goal of reducing Nigeria’s reliance on imported petroleum products. While these projects are expected to yield benefits in the medium to long term, they have currently placed significant pressure on cash flow.

    Beyond operational setbacks, external market conditions have also played a role in the recent performance slump. Crude oil prices, though relatively stable, have seen fluctuations due to global supply uncertainties, geopolitical tensions, and shifting demand patterns. 

    Although, NNPC Group Chief Executive Officer Bayo Ojulari informed stakeholders that the dip in profits was anticipated as part of a broader strategy to position the company for sustainable growth. According to him, current investments are aimed at enhancing domestic refining capacity, improving operational efficiency, and ensuring long-term profitability were part of factors responsible for the slump. Hence, once the refinery projects come on stream and upstream production stabilizes, the company expects to deliver stronger financial results.

    The profit slump in July would have been worse if the pipeline securitization policy is not in place. If the rebound in crude oil and condensate production that contributed to the increased revenue for the month of June was based on industry-wide security interventions and effective contract management on key infrastructure projects, it shows that if the securitization policy is not in place, the profit slump would have been terrible. 

    The primary benefit of an NNPC Pipeline Securitization Policy being marshaled by Pipeline Infrastructure Nigeria Limited (PINL) and others is the substantial reduction in losses from oil theft and vandalism, projected to save Nigeria hundreds of millions of dollars monthly. This policy also enhances the efficiency and security of the entire national energy infrastructure, fostering economic growth, increasing industrial capacity, and contributing to greater energy self-sufficiency and product supply within Nigeria and the ECOWAS region. 

    The policy directly addresses pipeline vandalism and crude oil theft, which result in significant daily revenue loss for the nation. Securitization helps stop this bleeding, potentially saving hundreds of millions of dollars each month. 

    A more secure and efficient pipeline network attracts investment, creating new business opportunities for potential investors and facilitating expansion within the region. By ensuring the stable and reliable flow of oil and refined products, the policy supports industrial capacity growth, population growth, and an increase in Nigeria’s per capita income. 

    By securing infrastructure, the NNPCL effectively delivers crude oil to refineries, support the goal of achieving national self-sufficiency in refined petroleum products. Also, the secured pipeline network guarantees the reliable delivery of fuel and other petroleum products, which is crucial for the everyday functioning of the economy and society. 

    This policy has impacted revenue projections for oil production in Nigeria, a country that remains heavily reliant on petroleum as its primary source of income.

    Lucky Ighoyota writes from Warri, Delta State.

  • American firm indicates interest in returning to OML 145

    American firm indicates interest in returning to OML 145

    A delegation from Vaalco Energy, an American independent oil and gas exploration and development company, has expressed interest in re-entering Nigeria through the acquisition of Svenska’s PSC interest in Oil Mining Lease (OML) 145.

    The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, broke the news in a press statement, as the outcome of the delegation from Vaalco Energy visit to his office in Abuja.

    A statement issued by his special adviser on media and communication, Nneamaka Okafor, noted that Nigeria is strengthening its position as a top global investment destination, welcoming international partners back to its oil and gas industry with competitive incentives and a renewed commitment to collaboration.

    Lokpobiri was quoted as saying, “The Government of President Bola Ahmed Tinubu is particularly interested in creating a better environment for companies that were once here but left for various reasons to return. We are prepared to offer incentives comparable to the best available globally.”

    “An American independent oil and gas exploration and development company, which expressed interest in re-entering Nigeria through the acquisition of Svenska’s PSC interest in Oil Mining Lease (OML) 145.”

    Commending Vaalco’s renewed interest, the Minister added: “It is gratifying for us as a nation when those who have worked here become ambassadors, speaking of how friendly and conducive Nigeria is for business. We are glad to welcome you back.”

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    Vaalco Energy’s Managing Director, Pieter Van der Groen, said the company sees Nigeria as a key investment hub: “We are here to seek regulatory guidance for acquiring Svenska’s interest in OML 145, but more importantly, to return to Nigeria and invest in a stronger way. As a New York Stock Exchange-listed company, we have access to funding to develop the assets we acquire. We are not here to sit on them; we are here to produce.”

     Lokpobiri assured that Nigeria’s policies now provide clarity, fiscal stability, and investor-friendly frameworks that encourage long-term partnerships. “Your renewed presence will help us ramp up production and achieve our national energy objectives. Together, we can build a future of shared growth and prosperity,” he concluded.

  • FG: All varsities to be energy-sufficient next year

    FG: All varsities to be energy-sufficient next year

    …Sanwo-Olu directs an immediate intervention to address LASU’s power challenges

    The Federal Ministry of Education on Wednesday announced that by next year, all tertiary institutions in Nigeria will run on mini-grids that will make them fully energy-sufficient.

    The Minister of State for Education, Dr. Tunji Alausa, made this known at the commissioning of the newly built Olatunji Bello Auditorium, a 550-capacity multi-purpose hall donated to the Lagos State University (LASU), Epe campus, by the Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), Olatunji Bello.

    Alausa said, “The President has committed that by this time next year, literally all tertiary institutions in the country will have mini-grids that will make them energy sufficient. We need this to unleash the capabilities of our youth in the area of research, technology, and everything they do.”

    He revealed that a 5MW mini-grid has already been approved for LASU’s Epe campus, while TETFund will deliver an 11MW mini-grid for the main campus.

    The Minister praised donor Bello for building the 550-seater ultra-modern auditorium, calling it “a living testament to how visionary citizens can shape institutions and inspire generations.”

    In his speech, Governor Babajide Sanwo-Olu, who commissioned the project, directed an immediate intervention to address LASU’s power challenges, announcing that a dedicated 5-megawatt power supply will soon be delivered to the institution.

    The governor said the power project was part of broader efforts to resolve electricity shortages in Epe. “This campus, in the very near future, will be seeing a five-megawatt dedicated power supply. It will bring an end to the electricity challenge here and provide a more conducive environment for learning and research,” he assured.

    He praised Bello, who was a former Lagos State Commissioner, Secretary to the State Government, lawyer and journalist, for keeping his pledge to invest in education despite economic headwinds.

    “This magnificent edifice is more than a building; it is a beacon of knowledge, creativity, cultural exchange and intellectual engagement. It stands as a testament to giving back to society,” Sanwo-Olu said.

    He further disclosed that in the next 60 days, his administration would commission the largest university library in Nigeria at LASU’s Ojo main campus, alongside other student-friendly facilities.

    “We remain resolute in our commitment to strengthening LASU’s place as Nigeria’s foremost state university. With projects like these, our vision of a globally competitive institution is within reach,” he added.

    In his goodwill message, former Ogun State governor, Aremu Olusegun Osoba, described the project as a mark of gratitude and selflessness.

    According to him, many Nigerians spend hundreds of millions on parties for milestone birthdays, but Bello decided to channel such resources into a project that will benefit education and society.

    “We Nigerians will say things are hard, yet I still go to parties where decoration alone costs about ₦200 million, and food not less than ₦500 million. Tunji could have chosen to celebrate lavishly, but he decided to put that money to the use of humanity. For this, we thank God for his life,” Osoba said.

    Osoba, who noted that he has shared a long bond of friendship with Bello since their days as journalists, described him as “a man of honour who has remained committed to humanity and education.”

    In a lighter mood, the elder statesman teased Bello over his membership of the Organisation of Past Editors Club (OPEC), a group of veteran journalists. He joked that despite his long-standing request, he had not been inducted into the club and appealed to Bello to use his “executive powers” as chairman to facilitate his inclusion.

    He concluded by commending Bello’s contributions to education and society, stressing that such acts of service reflect the values of the South-West.

    “We are celebrating a man who has given to society, a man doing everything possible to elevate education. That is the hallmark of those of us from the South-West,” he said.

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    Explaining why he embarked on the project,   Bello said the gesture was his way of investing in posterity rather than fleeting personal celebrations.

    “By choosing to invest the money through sowing the seed in the vineyard of knowledge, I believe we are invariably preserving my 60th birthday cake in a way that it will be shared and savoured by many generations to come,” he said.

    He revealed that the idea was first suggested by his wife, LASU Vice Chancellor, Prof. Ibiyemi Olatunji-Bello, and that construction began in 2021 with the support of friends and associates who converted their intended birthday gifts into cash donations.

    Despite facing financial challenges due to inflation and rising costs, Bello said he remained committed, even selling his property to ensure the project was completed.

    “Certainly, the government alone cannot do it. Private individuals who really have the means should invest in public tertiary education to create more opportunities,” he added.

    Bello also urged students to maximise the facility, drawing inspiration from the inscription at the entrance: “Investment in education pays the best interest.”

    Prof. Ibiyemi Olatunji-Bello, in her welcome address, called on the state to urgently intervene in solving the chronic electricity challenge facing the university’s Epe campus.

    Prof. Olatunji-Bello said the lack of reliable power supply remains the campus’s greatest challenge despite significant infrastructural upgrades.

    “Our most pressing challenge remains power supply. The chronic inadequacy of electricity from the national grid compels us to expend significant resources on alternative power generation for our faculty, staff, and students,” she said.

    The Vice Chancellor urged Sanwo-Olu to facilitate the extension of a 33KVA power line from Itam to the Epe campus, which she said would “dramatically improve our power capacity and reduce the institutional burden of generating alternative electricity.”

    While acknowledging other ongoing projects and the contributions of philanthropists such as Bello and the Oloja of Epe, Oba Rodin Ishola Animashaun, the LASU VC emphasized that sustained investment in critical infrastructure like power would be the game-changer for the institution.

    “Excellence demands continuous investments. To truly transform this campus into a world-class institution that matches our national reputation, substantial strategic interventions remain necessary,” she added.

    The Project Manager, Dr. Akinkuemi Ayinla, described the auditorium as an architectural masterpiece that blends modern functionality with Nigeria’s rich cultural heritage.

    According to him, the journey of the project began in 2021 with the design phase, followed by construction in 2022, and eventual completion in April 2025.

    Dr. Ayinla explained that the auditorium’s design was inspired by two key elements including Bello’s well-known love for serene landscapes and Nigeria’s Yoruba heritage.

    “We integrated the building with its surrounding greenery to create harmony with nature. At the same time, we drew inspiration from Yoruba Adire textile patterns, not just as decoration, but as a core element of the building’s architectural identity,” he said.

    The subtle integration of indigenous motifs, he noted, was intended to challenge young scholars to embrace culture in innovative ways and reimagine how tradition can shape modern architecture.

    The 550-seater hall comes equipped with pocket writing platforms for lectures and seminars, while an overhead gallery enhances its capacity and flexibility. A modern stage with cloakrooms and dedicated facilities ensures the space can host diverse events ranging from academic symposia to theatrical performances.

    The ground floor houses three 30-seater classrooms that can be merged into a larger space, alongside open-plan offices adaptable for administrative or academic use. Male and female conveniences are strategically located throughout the building for accessibility and comfort.

    Structurally, the auditorium is built on a reinforced concrete frame, with block partition walls to improve acoustics and thermal efficiency. Large glazed windows provide natural light, while the steel-framed roof, clad with aluminium sheets, ensures durability against the elements.

    Present at the commissioning ceremony were notable dignitaries from both federal and state levels, alongside political leaders, technocrats, and traditional rulers. Among them were the Deputy Governor of Lagos state, Dr Obafemi Hamzat, Senior Special Assistant to the President on Sustainable Development Goals (SDGs), Princess Adejoke Orelope-Adefulire, members of the House of Representatives, including Wale Raji, Dr  Paul Kalejaye, and Oshun Olanrewaju.

    The Lagos State Government was well represented with Rashid Shabi of the Lagos State House of Assembly, Barr. Bimbola Salu-Hundeyin, Secretary to the State Government (SSG), Mr. Bode Agoro, Head of Service, and Mr. Tolani Sule, Commissioner for Tertiary Education.

    Others included Mr. Adeniran Kasali, Permanent Secretary, Ministry of Tertiary Education, and Pastor Cornelius Ojelabi, Chairman of the All Progressives Congress (APC), Lagos State. Also gracing the occasion were Rt. Hon. Adeyemi Ikuforiji, former Speaker of the Lagos State House of Assembly, Mr. Babatunde Irukera, former CEO and Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), and Mr. Adeniji Kazim, SAN, a former cabinet member and Senior Advocate of Nigeria.

    The traditional institution was equally represented by the Oloja of Epe, Alaiyeluwa Oba Kamorudeen Ishola Animashaun.

    Media friends include the Chairman, Editorial Board of The Nation Newspaper, Sam Omatseye, Sanya Oni, Tunji Adegbenga among others.