Thursday, October 9, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home Business and Economy

HEDA Calls for Transparency, Accountability in $16.6 Billion Oil and Gas Investments

Suraju stated, "We demand a full disclosure of the $1.6 billion purported investment in oil and gas asset acquisition in the face of devastating pollution and legacy of liabilities in the oil producing and impacting communities."

Newsroom Nigeria by Newsroom Nigeria
May 26, 2024
in Business and Economy, News
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

The Human and Environmental Development Agenda (HEDA Resource Centre) has expressed deep concern regarding the notable lack of transparency and accountability in the recent announcement by the Minister of State for Petroleum Resources, Heineken Lokpobiri and current government’s drive for the oil and gas sector revamp. According to the Minister, a certain $16.6 billion has been invested in the oil and gas sector over the past year. HEDA, a well-respected civil society organization, is calling for immediate and thorough disclosure of the details surrounding this claimed investments that is unknown to the country or the host communities.

In a statement signed by its Chairman, Olanrewaju Suraju, HEDA emphasizes the necessity for the Minister to provide a comprehensive report on the investments for the necessary engagement of relevant stakeholders. This report should include a detailed breakdown of the substantial $5 billion and $10 billion prospects towards deepwater offshore assets.

Related posts

Union Bank Strengthens Media Ties at Informal Mixer Event

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025
TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

October 7, 2025

Suraju stated, “We demand a full disclosure of the $1.6 billion purported investment in oil and gas asset acquisition in the face of devastating pollution and legacy of liabilities in the oil producing and impacting communities.” This call for clarity underscores HEDA’s commitment to ensuring that every dollar is considered against environmental, economic and social costs for the country and its people.

HEDA is seeking detailed information regarding the recently publicized $20 billion deal with investors, aimed at significantly boosting oil and gas production in Nigeria. The organization is not just interested in the broad figures but also in the social, environmental, and economic implications of the deals, including the timeline for its implementation and the expected outcomes. Such transparency is crucial for public trust and for ensuring that the benefits of these investments are felt by the Nigerian populace.

Olanrewaju Suraju reiterated, “HEDA Resource Centre reaffirms its commitment to promoting transparency and accountability in the oil sector and calls on relevant stakeholders to ensure openness and transparency in the sector.”

This statement reflects HEDA’s ongoing dedication to advocating for responsible governance and its belief that transparency is fundamental to the effective management of Nigeria’s oil and gas resources. The organization continues to push for rigorous scrutiny and public disclosure to ensure that the sector operates in the best interest of all Nigerians.

ShareTweetSendShareShare
Previous Post

WOMEN ARE THE FOUNDATION OF HOME AND SOCIETY – FIRST LADY OLUREMI TINUBU

Next Post

Kalu, OGD, Sanwo-Olu’s Wife, Others To Light Up Timeline Nigeria Lecture As Onanuga Speaks On News Sensationalism On May 29th

Related Posts

Union Bank Strengthens Media Ties at Informal Mixer Event
BANKING

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025
TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM
News

TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

October 7, 2025
Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman
News

Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman

October 7, 2025
NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead
News

NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead

October 5, 2025
No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day
BANKING

No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day

October 1, 2025
At UNGA80: Reform Or Risk Irrelevance, President Tinubu Tells UN, World Leaders
News

At UNGA80: Reform Or Risk Irrelevance, President Tinubu Tells UN, World Leaders

September 25, 2025
Next Post

Kalu, OGD, Sanwo-Olu’s Wife, Others To Light Up Timeline Nigeria Lecture As Onanuga Speaks On News Sensationalism On May 29th

RECOMMENDED NEWS

ONDO APPOINTS  NEW VICE CHANCELLOR, VISITATION PANEL FOR UNIMED

7 months ago

APOSTLE SULEMAN WEARS NEW LOOK

3 years ago

BUHARI COMMISSIONS  ULTRA-MODERN PRESIDENTIAL/VIP WING OF STATE HOUSE MEDICAL CENTRE BUILT BY JULIUS BERGER

2 years ago

LAGOS ASSEMBLY HAILS GBAJABIAMILA, DESCRIBES HIM AS THE PRIDE OF LAGOS

3 years ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • LAGOS, OSUN STAKEHOLDERS REJECT PDP ZONING, RALLY FOR GBENGA HASHIM

    South Rejected Tinubu in 2023, North and South Will Reject Him in 2027 — Gbenga Hashim’s Group

    0 shares
    Share 0 Tweet 0
  • NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT  AMUPITAN AS INEC CHAIRMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS RESIGNATION OF GEOFFREY NNAJI AS MINISTER

    0 shares
    Share 0 Tweet 0
  • HEDA Drags Ozekhome, Son to ICPC Over Alleged Fraud, Forged IDs and London Property Grab

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.