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ADEMOLA ADEYEMI-BERO CONFIRMED OPEC GOVERNOR FOR NIGERIA AND APPOINTED CHAIRMAN, OPEC BOARD OF GOVERNORS FOR 2025

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ADEMOLA ADEYEMI-BERO CONFIRMED OPEC GOVERNOR FOR NIGERIA AND APPOINTED CHAIRMAN, OPEC BOARD OF GOVERNORS FOR 2025
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Nigeria has reaffirmed its leadership in the global energy sector with the appointment of Ademola Adeyemi-Bero, Nigeria’s Governor for OPEC, And Chairman OPEC Board of Governors for 2025.

His appointment was confirmed at the 189th meeting of the OPEC Conference.

Prior to his appointment as the Chairman of the OPEC Board of Governors, he was confirmed as Nigeria’s OPEC Governor for the year 2025.

This highlights Nigeria’s influence within the Organization of the Petroleum Exporting Countries (OPEC) and underscores the nation’s commitment to shaping global energy policies.

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has Commended Adeyemi-Bero’s elevation as a testament to the country’s active contributions to the global oil industry.

The minister emphasized that Adeyemi-Bero’s appointment provides Nigeria with a vital platform to advocate for balanced energy policies that benefit oil producers, consumers, and the global economy.

The Minister also expressed profound gratitude to Ambassador Gabriel Aduda, the outgoing Nigerian OPEC Governor, for his exemplary service.

He acknowledged Ambassador Aduda’s instrumental role in advancing Nigeria’s interests within OPEC and ensuring the country’s influential presence in global energy discussions.

In The Same vein OPEC has appointed Adeeb Al-Aama, Governor of Saudi Arabia for OPEC, as the Alternate Chairman of the Board of Governors for 2025.

The OPEC Conference had representatives from member countries who deliberated on significant issues, including reports from the Secretary-General and the Economic Commission Board (ECB).
The Conference also extended the tenure of Haitham Al Ghais as OPEC Secretary General for another three years, effective August 1, 2025.

Member nations commended his exceptional leadership and the Secretariat’s unwavering commitment to the organization’s objectives.

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FG Sets Aside ₦27bn For Obasanjo, Gowon, Buhari, Others In 2025

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The Federal Government has allocated ₦27 billion for the entitlements of former presidents, vice presidents, heads of state, chiefs of staff, retired heads of service, and professors in the 2025 fiscal year.

The beneficiaries of this allocation include former Presidents Olusegun Obasanjo, Goodluck Jonathan, and Muhammadu Buhari, alongside ex-vice-presidents Atiku Abubakar, Namadi Sambo, and Prof. Yemi Osinbajo. Other notable individuals expected to benefit from this allocation are ex-military Heads of State, Gen. Yakubu Gowon (retd.) and Gen. Abdulsalami Abubakar (retd.), as well as former military President, Ibrahim Babangida, and retired Chief of General Staff, Commodore Ebitu Ukiwe.

It can be recalled that President Bola Tinubu on Wednesday presented the 2025 budget, titled ‘Budget of Restoration: Securing Peace, Rebuilding Prosperity,’ to a joint session of the National Assembly. The ₦49.70 trillion spending plan prioritizes defence, infrastructure, and human capital development, with a projected ₦13.39 trillion deficit to be financed through borrowing.

The Federal Government has allocated ₦1.4 trillion for pensions, gratuities, and retirees’ benefits. This allocation includes ₦2.3 billion for former presidents, heads of state, and vice presidents. Retired heads of service and permanent secretaries will receive ₦10.5 billion, while retired professors in universities will get ₦13.5 billion. Additionally, ₦1 billion has been allocated for retired heads of government agencies and parastatals. The total allocation for these groups amounts to ₦27 billion.

Furthermore, the budget allocates ₦46 billion for civilian pensions under the Office of the Head of Civil Service, while ₦383.9 billion is earmarked for military pensions and gratuities. An additional ₦66.8 billion is budgeted for expected retirees, with ₦434 million allocated for administrative charges, ₦596 million for pension running costs, and ₦870 million for medical retirees.

The Federal Government has also set aside funds for various social investment programs, including the student loan scheme, National Poverty Reduction with Growth Strategy programs, National Home Grown School Feeding Programme, and the Consumer Credit Fund initiatives. A total of ₦500 billion has been allocated for these programs, with ₦50 billion specifically earmarked for the student loan scheme.

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Tinubu Is Not Our Problem In North; We Ruled Nigeria For 40 Years But Nothing To Show – Ex-Speaker Yakubu Dogara

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Tinubu Is Not Our Problem In North; We Ruled Nigeria For 40 Years But Nothing To Show – Ex-Speaker Yakubu Dogara

North Remains The Same, Impoverished Despite Ruling Nigeria For Over 40-Years, Says Dogara.

“We are all northerners, and it should be made clear that President Tinubu or the South is not our problem. They have not come to cheat the North. That is out of the question.

“Some are claiming that Yoruba people are getting appointments, but let’s reflect. We ruled this country for over 40-years when northerners were in power. What did we achieve? The North remains the same, impoverished by our own leaders.

“We have had so much, but what did our governors do with the resources? They squandered them instead of investing in meaningful development.” -Yakubu Dogara, At A Townhall Meeting In Kaduna On Tax Reforms

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Vladimir Putin challenges US, western powers to shoot down powerful new Russian missile: “No chance”

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  • Russian President Vladimir Putin has proposed a “high-technology duel” with the US to test the Oreshnik, Russia’s advanced hypersonic ballistic missile
  • The Oreshnik missile, capable of speeds up to 8,500 mph and carrying nuclear warheads, has already been deployed in Ukraine, targeting Dnipro
  • Putin challenged the US to select a target for a live demonstration, claiming Western missile defences would fail against Russia’s new weapon
  • Ukrainian President Volodymyr Zelensky dismissed the challenge, questioning Putin’s rationality

Didacus Malowa, a journalist at TUKO.co.ke, brings over three years of experience covering politics and current affairs in Kenya.

Russian President Vladimir Vladimirovich Putin has issued a direct challenge to the United States.

Putin proposed a “high-technology duel” to test the effectiveness of Russia’s latest hypersonic ballistic missile, the Oreshnik.

The head of state made the proposition during his annual end-of-year press conference, a platform he often uses to assert Russia’s strength.

Military.com reports the Oreshnik missile, named after the Russian word for hazel tree, is an advanced intercontinental ballistic missile (ICBM) capable of carrying both conventional and nuclear warheads.

It reportedly reaches speeds up to 8,500 miles per hour, making it a formidable addition to Russia’s arsenal.

What is Putin’s challenge to US and allies

Putin’s challenge involves the US selecting a target to defend, against which Russia would launch the Oreshnik on Kyiv to demonstrate its ability to penetrate advanced missile defence systems.

“We’re ready for such an experiment,” expressing confidence that Western technology “stands no chance” against this new weapon.

In November, Russia deployed the Oreshnik against a military facility in Dnipro, Ukraine, marking its first known use in combat.

This action was framed as retaliation for Ukraine’s use of Western-supplied missiles, such as the US ATACMS and British Storm Shadow, in strikes against Russian territories.

How did Ukraine respond to Putin

Ukrainian President Volodymyr Zelensky responded to Putin’s challenge, questioning the rationality of such a proposal.

“Do you think he is a sane person?” Zelenskyy posed to reporters at his latest news conference as reported by Al Jazeera.

He went on to say that Ukraine and Russia had failed to strike an agreement during early-war discussions in Istanbul.

This comes after Putin stated that a tentative deal agreed by Russian and Ukrainian negotiators in Istanbul during the early weeks of the war may serve as the foundation for future conversations.

“Ukraine did not agree to the ultimatum from the Russian Federation. Ukraine did not sign anything, no agreements existed. There was a response to the ultimatum from the Russian Federation,” he declared.

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