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Nigeria, Germany Sign MoUs On Gas Supply, $500m Renewable Energy Projects

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One of the MoUs calls for Nigeria to supply gas to Germany, while the other calls for $500 million in renewable energy projects in Nigeria.

Ajuri Ngelale, special advisor to the president on media and publicity, said in a statement on Tuesday that President Bola Tinubu observed the signing of the two memorandums of understanding (MoU) in Berlin, Germany, during the 10th German-Nigerian business summit.

According to the release, Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany signed MoUs on the gas export collaboration.

The other signed pact was between Union Bank of Nigeria and DWS Group on cooperation in renewable energy.

Welcoming the new deals, Tinubu told German companies that foreign investments in Nigeria are safe due to the country’s stable political environment.

He said with a resilient democracy, Nigeria is well-primed to attract foreign direct investments.

Tinubu said since 1999, the nation has seen shifts in democratic governance, including orderly handovers of power within and between political parties.

“Democracy in Nigeria has proven to be flexible and resilient,” he said.

“Shake off any remnants of the military era syndrome; we have moved beyond that.

“Despite challenges faced by other African nations, Nigeria stands firm, and we are your partners.”

The president reaffirmed his commitment to maintaining the changes and forging closer ties between Germany and Nigeria.

The president said he has a track record that led him to the presidency.

“Nigerians voted for me for reforms, and from day one of my inauguration, I implemented the reforms. My inaugural speech did not disclose what I would do,” he said.

“I removed the fuel subsidy that is a great burden to Nigerians from the moment I stepped into office.

“The arbitrage regime is gone forever. Now, you can bring your money in and out as you wish. If you encounter any problems, rest assured that I have built one of the most reliable teams Nigeria has seen to address them.

“I appeal to you to forget the past and focus on building a relationship that removes obstacles, fostering progress and prosperity in Nigerian-German relations.”

  • ‘Riverside LNG To Supply Energy To Germany’

David Ige, chief executive officer (CEO) of GasInvest, who signed the MoU on gas supply, said the goal of the Riverside LNG project is to supply Germany with energy from Nigeria while putting an end to roughly 50 million cubic feet of flared gas per day in Nigeria.

“The project will supply energy from Nigeria to Germany at 850,000 tonnes per annum, expanding to 1.2 million tonnes per annum,” he said.

“The first gas will leave Nigeria for Germany in 2026, and there will be further expansion. This will extinguish about 50 million cubic feet per day of flared gas in Nigeria and open alleyways of new and greater exports of gas to Germany.”

On his part, Frank Otto, chief operating officer of Johannes Schuetze Energy Import AG, described the partnership as a “big deal” for the German market.

Also speaking, Farouk Gumel, chairman of Union Bank, said the company is committed to the $500 million e-energy projects in Nigeria.

He said it is important to include rural and more people in the formal economy.

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NDLEA Seizes Lipsticks Stuffed With Drugs At Lagos Airport [VIDEO]

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Officials of the National Drug Law Enforcement Agency have uncovered another batch of female lipsticks containing illegal drugs at the Murtala Muhammed International Airport in Lagos.

Femi Babafemi, the agency’s Director of Media and Advocacy, revealed this in a post shared on his X (formerly Twitter) page on Sunday.

He also urged Nigerians, particularly women, to be extremely vigilant when purchasing or accepting beauty products, especially from unfamiliar sellers or dubious online platforms.

The statement read, Ladies beware! It does appear like female lipstick is becoming attractive as an instrument for concealment and trafficking now with yet another consignment of factory fitted female lipsticks stuffed with illicit substances intercepted at MMIA barely a week after @ndlea_nigeria officers uncovered a similar cargo at a courier company in Lagos.

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JUST IN: Former President Buhari Dies In London Clinic

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Former Nigerian leader, Muhammadu Buhari, passed away on Sunday.

His longtime media aide, Garba Shehu, confirmed the news in a brief statement issued on Sunday afternoon, stating that the former president died at a clinic in London.

Shehu’s message, distributed to the media, read:
“INNA LILLAHI WA INNA ILAIHIRRAJIUUN. The family of the former president has announced the passing on of the former president, Muhammadu Buhari, GCFR, this afternoon in a clinic in London. May Allah accept him in Aljannatul Firdaus, Amin.”

The statement concluded with the date: July 13, 2025.

Although the cause of death was not disclosed, Buhari, who held office from 2015 to 2023, had frequently sought medical care in the United Kingdom during and after his time as president.

Buhari, a retired Major General in the Nigerian Army, first led Nigeria as a military head of state from 1983 to 1985. Decades later, he was elected president through a democratic process. He made history as the first opposition candidate to unseat a sitting president in Nigeria.

Funeral plans have not yet been made public.

 

More to come…

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No Effective Governance Without Full Local Government Autonomy — Femi Gbajabiamila

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The Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, has stated that governance at the local government level cannot be effective without complete autonomy.

He made the remark while addressing journalists after voting in the Lagos State local government elections in Surulere on Saturday.

When asked about the progress of implementing the LG autonomy ruling by the Supreme Court one year after it was delivered, Gbajabiamila described the process as ongoing and said it would be completed with time.

Gbajabiamila said, “The ruling was welcome by everybody. It’s the execution of that ruling and the implementation of that ruling that we are still trying to dot the Is and cross the Ts.

“I believe in a matter of time, we will realise full autonomy. There cannot be effective governance without full autonomy. That’s what we are working toward.”

In July 2024, the Supreme Court granted autonomy to all 774 local government areas across the country following a case filed by the federal government through the Minister of Justice and Attorney General of the Federation. However, the ruling is yet to be fully implemented.

Following the judgement, the Senate urged state and local governments to immediately adhere to the court’s directive, especially regarding local government accounts and direct fund disbursements.

The Senate also moved to amend relevant sections of the Constitution to ensure full local government autonomy nationwide.

The announcement was made by Deputy Senate President Senator Jibrin Barau, after lawmakers emerged from a closed-door session where they discussed alleged efforts by some state governments to bypass the Supreme Court’s ruling on July 11.

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