Arusha to host 300 climate scientists as El Niño raises concerns over extreme weather in Tanzania

Arusha. Climate scientists from around the world are expected to meet in Arusha to assess El Niño-related rainfall patterns and other extreme weather events amid growing concerns over changing climate conditions.

The meeting comes as El Niño conditions strengthen, with experts forecasting average to above-average rainfall in several parts of the world during the current rainy season.

The discussions will take place during the Third Meeting of the Intergovernmental Panel on Climate Change (IPCC) Working Group I, scheduled for November 2 to 6.

More than 300 scientists from 75 countries are expected to attend. Prime Minister Mwigulu Nchemba is due to officially open the meeting.

Speaking to journalists in Arusha on Sunday, November 1, 2026, Tanzania Meteorological Authority (TMA) Director-General Ladislaus Changa said the meeting had been organised by the IPCC, its Working Group I Bureau and TMA.

Mr Changa, who is also an IPCC vice-chair, said the meeting would allow leading scientists to review evidence on climate change, including rising temperatures, changing rainfall patterns and the increasing occurrence of extreme weather events.

He said the discussions would contribute to the preparation of the IPCC’s Seventh Assessment Report (AR7), which is expected to provide scientific evidence to help governments develop climate policies and strategies.

‘The work involves assessing how climate systems are changing, the extent of global temperature increases and whether extreme weather events, including heavy rainfall, droughts and strong winds, are becoming more frequent and intense,’ he said.

Mr Changa said the process was part of the IPCC’s broader mandate to provide governments with scientific information on climate change and its implications for various economic and social sectors.

‘For Tanzania, as the host country, the meeting will also provide an opportunity for our scientists and their counterparts from other African countries to engage with international experts, exchange knowledge and strengthen their participation in scientific research on climate change,’ he said.

Arusha resident Judith Kimaro said residents hoped the meeting would produce findings that would improve the reliability of weather forecasts and help them plan for changing weather conditions.

2027: Miyetti Allah holds rally for Tinubu, declares re-election support

The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has declared its support for President Bola Tinubu’s re-election bid in 2027.

The association said the establishment of the Federal Ministry of Livestock Development had given pastoralists and livestock farmers hope after decades of neglect.

Speaking at a rally in Kaduna on Saturday, MACBAN National President, Baba Othman Ngelzarma, said livestock stakeholders across the country were ready to support Tinubu in appreciation of his administration’s decision to establish a dedicated ministry to address challenges in the sector.

The rally was organised by the Fulbe APC Forum and Tinubu Yeso-Yeso Political Forum (TYPF), in collaboration with the Coalition of Pastoralists and Traders Associations, the Amalgamated Union of Livestock Dealers, Butchers and other stakeholders in the sector.

Ngelzarma said livestock farmers and pastoralists had campaigned for the establishment of the ministry for decades.

‘We are here today to extend our appreciation and support to the administration of President Tinubu. The creation of the livestock ministry is something we have been advocating for and looking forward to for decades,’ he said.

He added that the initiative had encouraged some state governments to establish similar institutions to coordinate livestock development, describing it as an opportunity to address longstanding challenges facing pastoralists and other operators in the industry.

The MACBAN president said the association’s support for Tinubu’s second-term ambition was an expression of appreciation for the administration’s recognition of the economic importance of livestock development.

The Minister of Livestock Development, Idi Mukhtar Maiha, urged pastoralists, livestock farmers and other operators to take advantage of the ministry’s programmes to improve their businesses and livelihoods.

Maiha said the livestock sector had remained below its potential for decades due to inadequate veterinary services, limited access to pasture and water, high feed costs, poor market infrastructure and low productivity.

He said Nigeria had about 58 million cattle, 124 million goats, 70 million sheep, 9.3 million pigs, 3.2 million donkeys, 700,000 camels and 300 million birds, describing the figures as significant economic opportunities waiting to be harnessed.

The minister said the Federal Government was implementing policies to improve animal health, breeding, feed production, dairy farming, meat processing and access to markets.

He disclosed that seven veterinary hospitals had been completed and equipped under a World Bank-supported programme, while additional facilities were at various stages of completion.

According to him, the government plans to expand veterinary services across the 36 states and the Federal Capital Territory, with primary veterinary facilities also planned for the 774 local government areas.

In his remarks, Kaduna State Governor Uba Sani, represented by the Commissioner for Agriculture, Murtala Dabo, said the state government was complementing the Federal Government’s initiative through investments in livestock infrastructure and services.

Dabo said Kaduna’s budgetary allocation to livestock development had increased from N1.48 billion in 2023 to more than N100 billion in 2026.

We will not allow prolonged deadlock to breed resignation, Senekis says

The Government remains committed to achieving a just, sustainable and functional solution to the Cyprus problem, based on the agreed framework and relevant United Nations resolutions, Agriculture Minister Christos Senekis said on Sunday.

“We will not allow prolonged deadlock to breed resignation, nor will we allow time to become a silent ally of partition,” he said.

Addressing a memorial service for the fallen and missing residents of Kythrea, Senekis said President Nikos Christodoulides was continuing efforts to overcome the prolonged deadlock and resume substantive negotiations from where they were interrupted in 2017.

He said the Greek Cypriot side remained ready to make use of every opportunity for progress, with the assistance of the United Nations and more active involvement by the European Union, in order to create the conditions for restarting the peace process.

Acknowledging that the path remained difficult, the Minister said the Turkish side’s continued demands for a partition-based solution ran counter to the agreed framework for resolving the Cyprus problem.

He reiterated that any solution should provide for the withdrawal of occupation troops and exclude outdated guarantees and intervention rights.

“However long the occupation may last, it does not become lawful, and injustice, however much it may be presented as normality, remains injustice,” Senekis said.

Troops rescue 11 kidnap victims in Kebbi

Troops of the Joint Task Force North West, Operation FANSAN YAMMA (OPFY), have rescued 11 kidnapped victims during separate operations in Ribah town and the Wasagu-Falfala general area of Danko-Wasagu Local Government Area of Kebbi.

The rescue operations were disclosed in a statement made available to Defence Correspondents in Abuja on Sunday by the Acting Media Information Officer of the Joint Task Force, Captain Tamuno Sinivie.

According to the statement, troops of Sector 2 responded to a distress call on October 30, 2026, following reports that suspected terrorists had blocked the Ribah-Dirindaji road while attempting to invade Ribah town.

It explained that the troops, upon arriving at the scene, discovered that the assailants had fled with seven persons, prompting an aggressive pursuit towards Rambo village.

The statement said the pressure mounted by the troops forced the terrorists to abandon the victims, who were subsequently rescued.

The rescued victims were identified as Sa’adu Bala, 53; Nura Musa, 25; Dantami Yahyi, 57; Nasiru Muhammad, 21; Abdulakeem Abubakar, 23; Abdulahi Maikudi, 32; and Zaki Gambo, 56.

It said all seven victims were indigenes of Ribah town and had since been reunited with their families.

Similarly, on October 31, troops of Sector 2, while conducting a routine patrol in the Wasagu-Falfala general area to protect residents and deny terrorists freedom of movement, came under attack from terrorists who had laid an ambush along their route.

The statement said the troops responded swiftly, engaging the attackers with superior firepower and forcing them to flee.

It added that during a subsequent search of the area, the troops discovered four kidnapped victims who had been abandoned by the fleeing terrorists amid the exchange of fire.

The victims were identified as Lawali Ali, 20; Samaila Shaibu, 14; Kasimu Shaibu, 20; and Aliyu Bala, 18.

According to the statement, the four victims, who are residents of Wasagu village, were subsequently handed over to the village head.

The task force said troops had continued to dominate the general area and sustain confidence-building measures to prevent further attacks and protect residents going about their legitimate activities.

It reaffirmed its commitment to protecting law-abiding citizens and critical infrastructure within its area of responsibility, while urging members of the public to provide timely and credible information to support ongoing security operations.

FG expresses support for SMEs in communication sector

The Federal government has expressed commitment to the continuous support of Small and Medium Enterprises (SMEs), particularly in the communication sector of the country.

Speaking at the Weekend in Abuja, the Special Adviser to the President on Economic Matters, Tope Fasua, reaffirmed that the Tinubu administration has continued its economic rescue by empowering SMEs, especially those in the communication sector.

‘The last time I was travelling out of the country, I bought a very expensive eSIM at Abuja Airport, and I was going to Bangkok. The eSIM worked in London, but it didn’t work in Bangkok. I didn’t get much value for it, but I’m hoping that Esdiac is better. I think it’s much cheaper than what I got’.

He commended the indigenous firm for building a system that reduces the cost of making calls around the globe, assuring Esdiac of government support.

Also speaking, the Founder of Esdiac, Mr. Austin Ugbebor, and the Lead Infrastructure and Security Engineer, Daramola Olugbenga, said the Esdiac Media Parley and Stakeholders Engagement is proof that world-class telecom products can be built and sustained in Nigeria.

Olugbenga explained that Esdiac was designed from the ground up as a statement of local capability, leveraging existing global technologies but building a proprietary, highly scalable backbone.

‘From Esdiac, we have done it and we are still doing it with Nigerians. This is a big statement that we can do it,’.

He stated that the system was initially dimensioned for one million concurrent calls, with architecture that prevents mid-call drops despite network fluctuations.

‘We built in a very scalable manner. So even if there is a network fluctuation, the call will not drop mid-conversation. Once a call starts, it will run to the end’.

At the heart of the local-content pitch is data sovereignty. Both speakers stressed that Esdiac complies with the Nigeria Data Protection Act and NCC regulations, storing and processing all Nigerian user data in Nigeria.

On his part, Ugbebor said, ‘We authenticate your access into the platform using the SIM and we ride on our own backbone, which is mainly here in Nigeria and also in the US. We are very careful that data here are not transmitted outside the country.’

He noted that as a paid product licensed by both the NCC in Nigeria and the FCC in the United States, Esdiac cannot share user information with third parties without user approval or a court order, and users have the right to request data held about them.

More than 400 athletes to compete in Fire and Rescue World Championships in Baku

Baku will host the 21st Men’s and 12th Women’s World Championships in Fire and Rescue Sports from November 2 to 8.

According to the Ministry of Emergency Situations (MES), more than 400 participants from over 20 countries are expected to take part in the championships, which are being jointly organised by the MES and the International Sports Federation of Firefighters and Rescuers.

The competitions will be held at the stadium of the Azerbaijan Sport Academy. The event is expected to contribute to the development of fire and rescue sports, strengthen international cooperation in the field and promote the exchange of experience among athletes from different countries.

During the championships, which will run until November 8, athletes will compete in four events: climbing to the second and fourth floors of a training tower using a hook ladder, a 100-meter obstacle course, a 4×100-meter fire relay and combat deployment.

Participants will demonstrate their speed, agility, physical fitness and professional skills as they compete for the world championship titles.

Senior officials from relevant national agencies and international organizations are also expected to visit Azerbaijan during the championships.

The church must speak responsibly on governance, hold leaders accountable – Pastor Adeleye

The President of the Western Nigeria Union Conference of the Seventh-day Adventist Church, Pastor Ezekiel Adeleye, in this interview with SEYI SOKOYA, he speaks on the church’s responsibility in governance, insecurity, economic hardship, rising cost of faith-based education, and the use of digital media for evangelism.

WHAT role should the church play in holding political leaders accountable, particularly against the backdrop of insecurity, economic hardship and other challenges confronting the country?

As Nigerians, we are concerned about what happens in our country. However, as a church, we do not pitch our tents with any political leader; we pitch our tents with Jesus Christ.

Nevertheless, because we are part of this country, we pray for Nigeria and for peace. When schoolchildren were kidnapped in Omosho, Oyo State, it was painful for all of us. We were concerned and joined in praying for their safe return. The same applies to the recent cases of kidnapped corps members.

Some of our church members have also been victims of kidnapping, but, by God’s grace, they were released. Therefore, we understand the implications of insecurity. If there is peace, we enjoy it, and if there is chaos, we are equally affected. Even when a curfew is imposed, the church is not exempted from its consequences.

Our best contribution is to pray for the nation and ask God to give us God-fearing leaders, particularly during elections. The Bible says we should pray for the peace of Jerusalem because those who love it will prosper. Nigeria is our Jerusalem.

We must be intentional about making Nigeria better in every aspect, including politics, governance and the fight against corruption. Corruption is not limited to the highest levels of government; it exists at different levels of society, and we must all take responsibility for addressing it.

As a church, we do not campaign for political candidates or have preferred candidates. Rather, we pray that God will give us the right leaders. We must also remember that this world is not our permanent home. Jesus Christ has gone to prepare a place for us that is far better than anything we can experience here.

Given the worsening economic situation, do you still believe Nigerians should remain hopeful about the country’s economic future?

We must understand that the economic situation is not peculiar to Nigeria. The global economy is also experiencing difficulties.

I recently returned from the Annual Council of the worldwide church, where I interacted with some colleagues in the United States. During one of our discussions, I discovered that things are also difficult there. It was surprising to learn that there are beggars on the streets and people sleeping rough in the United States. Before then, I had thought our economic challenges were peculiar to Nigeria, but that is not the case.

We must also be realistic about the times we are living in. If anybody promises that everything will suddenly become better, we should examine such claims in the light of what the Bible teaches.

Consider the economic situation 10 or 20 years ago. How did the naira compare with the dollar? At some point, the naira was much stronger, and Nigerians could travel abroad more easily than they can today. Now, the exchange rate has deteriorated considerably, and the cost of living has become increasingly difficult.

Therefore, we should not place our ultimate confidence in political parties or individuals. The Bible warns against putting our trust in man. Our confidence should be in God. We will continue to pray that He helps Nigeria and gives the country the peace and direction it needs.

Education is increasingly becoming unaffordable for many families. Some also argue that faith-based institutions, initially established to provide educational opportunities, now charge fees higher than those of government-owned institutions. Why is this so?

When I was in the seminary, one of our lecturers, a Ghanaian, once challenged us with a question: ‘Who told you that education is cheap?’ That question has remained with me because education has never been an inexpensive venture.

However, when you examine the cost of education in Christian institutions, you may discover that what people consider expensive is not necessarily so when assessed against the facilities and services provided.

Let me use Babcock University as an example. At our last Governing Council meeting, we examined the institution’s school fees and the facilities available to students.

The institution falls within Band A of the electricity supply arrangement, meaning students enjoy electricity for approximately 20 to 22 hours daily. The university also provides internet facilities across the campus, including hostels, classrooms and cafeterias.

There is also the issue of security. Parents who send their children to the university want to be assured that they are safe. These are important considerations when assessing the cost of education.

In some government-owned institutions, students have to rent accommodation outside the campus, provide their own electricity and make separate arrangements for feeding. At a university such as Babcock, students have access to organised accommodation, electricity, internet facilities and cafeterias. They can concentrate on their studies without worrying about some of these basic necessities.

Therefore, when you consider the entire package, including the convenience and facilities provided, you cannot simply conclude that the fees are excessive without examining what they cover.

I remember my experience in the seminary in 1986. The school fees for one year were N500, while recommended books cost N100, bringing the total to N600. I still have some of the books I purchased then for as little as N3.

After spending a year in the seminary, I moved into the community with some friends. We had to fetch water, cook our food, go to the market and handle other domestic responsibilities. Meanwhile, colleagues who remained within the school environment had access to the cafeteria, library and other facilities. Even when there was a power outage in the town, the school could provide electricity through its generator.

When you consider these differences, you begin to appreciate the additional value that institutional facilities provide.

Some Nigerians believe the church should be more outspoken in holding political leaders accountable and speaking truth to power. What is your position?

We need to approach this issue from the perspective of biblical teachings. The Bible enjoins us to pray for those in positions of authority, including political leaders and traditional rulers, because all authority is ultimately subject to God’s sovereignty.

However, this does not mean that leaders should not be held accountable. We must also be careful not to rush to judgment without understanding the circumstances surrounding certain decisions. Those outside government may not always know the considerations that informed particular actions.

That said, where there is clear evidence of wrongdoing, the person involved must be held responsible. Public office is not a personal entitlement; it comes with obligations to the people.

Politicians make promises during campaigns, and citizens vote for them based on certain expectations. If a politician promises to provide infrastructure, improve living conditions or create opportunities, the people have every right to demand an account of those promises after the person assumes office.

Whether a person is a Christian or belongs to another faith, every citizen has the right to demand accountability from those entrusted with public responsibility. We must hold our leaders accountable based on facts and evidence rather than sentiment or assumptions.

The Federal Government has made statements suggesting that food prices have become more affordable and Nigerians are experiencing improved living conditions. Does this reflect the reality on the ground?

Honestly, I have not heard that particular statement, but if anyone is suggesting that Nigerians are now living comfortably because food prices have become affordable, I would disagree based on the economic realities many people face.

I recall listening to a television programme in which a politician compared petrol prices in Nigeria with those in the United States. I questioned the basis of such a comparison because the economic circumstances of the two countries are different.

How can you compare petrol prices in Nigeria, where the pump price is above ?1,000 per litre, with those in the United States without considering differences in income levels, purchasing power and the general standard of living?

Economic comparisons should go beyond the price of a commodity. We must consider how much people earn, what they can afford and the proportion of their income spent on basic necessities. For many Nigerians, the challenge is the combined effect of rising living costs on their ability to meet everyday needs.

What is the major focus of the Seventh-Day Adventist Church in spreading the gospel at this time?

Our major focus at the moment is media evangelism. We recognise that the world is changing and technology has become an important part of people’s daily lives. As a church, we must embrace these developments and use them effectively to spread the gospel of Jesus Christ.

We are exploring opportunities provided by digital platforms and modern communication technologies to reach more people with the message of salvation. The gospel must reach people wherever they are, and the media offers an effective means of extending our evangelistic efforts beyond the walls of our churches.

Our responsibility is to ensure that the message of Christ remains relevant and accessible in a rapidly changing world. We cannot afford to ignore the opportunities technology provides for evangelism.

How is the church preparing to maximise these opportunities, particularly through its forthcoming One Voice 2027 initiative?

We are making deliberate efforts to use modern technology to spread the gospel more effectively. One of the major initiatives we are preparing for is One Voice 2027, which we launched in September.

The initiative is particularly significant because the church will be commemorating 2,000 years since the baptism of Jesus Christ in 2027. We believe this is a unique occasion to celebrate Jesus and reflect on the significance of His ministry.

The programme is all-encompassing and is scheduled to commence in January 2027. Beyond the commemorative activities, we intend to use it as a platform for evangelism, reaching more people with the gospel and encouraging greater participation in the mission of the church.

Our ultimate goal is to ensure that everything we do brings glory to God and advances the message of salvation through Jesus Christ.

What message would you like to convey to Nigerians as the church prepares for this initiative?

I encourage Nigerians to remain steadfast in their faith in God and recognise the importance of the gospel in their daily lives. The church must continue to fulfil its spiritual responsibility by preaching the word of God, praying for those in authority and encouraging responsible conduct in society.

Celebrating Jesus Christ goes beyond organising an event. It is about making His message known, living according to His teachings and allowing the gospel to influence our relationships and conduct.

We look forward to One Voice 2027 as an opportunity to unite our voices in celebrating Christ and spreading His message to a wider audience. Our prayer is that everything we do will bring glory to God and contribute to the growth of His kingdom.

Tanzania eyes low-cost cold rooms in produce markets to boost farm income

Rombo. The government is considering constructing cold rooms in produce markets across the country using simple, cost-effective technology to reduce post-harvest losses and improve farmers’ productivity, Agriculture Minister Daniel Chongolo has said.

He said the facilities would help preserve perishable produce, including bananas, fruits and vegetables, giving farmers more time to find markets instead of suffering losses when their crops spoil before marketing.

Mr Chongolo made the remarks on Saturday, October 31, 2026, while inspecting the construction of the new Mamsera Market in Rombo District, Kilimanjaro Region, a project costing more than Sh700 million.

‘We are exploring how to construct cold rooms in our markets using simple technology that improves farmers’ productivity and delivers good results. This will allow bananas showing signs of spoilage to be stored safely,’ he said.

‘The goal is to prevent post-harvest losses. We know that when a banana tree is planted and nurtured until it produces fruit, losing the harvest means wasting all the time invested. We do not want such losses; we want to achieve 100 percent productivity,’ he said.

He added that the government was committed to improving market infrastructure to ensure farmers had reliable outlets for their produce and earned incomes that reflected their production costs.

‘The government’s goal is to promote productive agriculture and create an environment in which farmers benefit. Increased agricultural productivity should also translate into higher incomes for farmers,’ said Mr Chongolo.

In another directive, Mr Chongolo instructed the Ministry of Agriculture’s Deputy Permanent Secretary responsible for Crop Development and Food Security, Prof Peter Msofe, to ensure the Mamsera Market was completed before December 23 this year.

‘My instruction to the Deputy Permanent Secretary is that when I return here on December 23, I should be inaugurating this market. Do everything possible to ensure the work is completed on time,’ he insisted.

‘When the government allocates funds to achieve results, failure to manage them properly amounts to letting it down. We must ensure that every assignment delivers the expected results and productivity,’ he said.

He stressed that the project should address the needs of farmers and traders in Mamsera and Rombo generally to ensure the market provided services that met the requirements of the agricultural produce trade.

Regarding the Holili International Grain Market, located along the Tanzania-Kenya border, Mr Chongolo directed Prof Msofe to ensure the contractor mobilised to the site by April 2027 so that construction could begin as scheduled.

‘Let me assure you that we will construct this market. I want the Deputy Permanent Secretary to ensure that by April next year, the contractor has moved to the site so that construction can begin. We have the capacity, commitment and plans to build it. What remains is to implement those plans and achieve the intended results,’ he said.

He further directed that the market’s design should include space for a small fruit and vegetable market, enabling traders visiting to purchase grain and other produce to access a wider range of goods in one location.

He said the arrangement would broaden business opportunities and make it easier for buyers transporting produce to destinations within and outside the country to access different commodities.

For his part, Rombo MP and Minister for Education, Science and Technology, Prof Adolf Mkenda, said establishing a produce market in Holili would give farmers access to external markets, including Kenya and other countries, where they could secure better prices.

He said he wanted the market to become an international trading hub for fruits and vegetables, particularly bananas, which are produced in large quantities in Rombo District.

‘Tanzanian bananas are sold in Dubai. We want someone with an acre of banana farms here in Rombo to harvest successfully, have the bananas transported to Dubai and an Arab consumer enjoy them, while a Tanzanian earns dollars,’ said Prof Mkenda.

He also urged the ministry to ensure the Holili market had cold-storage facilities, particularly for bananas and vegetables, with separate sections for dry produce and commodities requiring refrigeration.

He said the facilities would help farmers increase their incomes, achieve economic independence and expand markets for their produce.

Prof Msofe said construction of Mamsera Market, which would cost more than Sh700 million, had reached 70 percent completion.

He said the market was expected to improve access to reliable markets for banana and avocado farmers, increase the incomes of farmers and traders and strengthen agricultural produce trade in the area.

A trader and farmer in the district, Ms Jenifa Audiface, said the lack of cold-storage facilities had forced farmers to sell their produce at low prices to avoid losses caused by spoilage.

‘This challenge particularly affects banana, avocado and vegetable farmers, who are forced to find buyers soon after harvesting because they have no safe storage facilities where they can keep their produce while waiting for better market prices,’ she said.

Another farmer, Mr Edwin Mlay, said establishing cold-storage facilities at Mamsera and Holili markets would benefit farmers and traders by allowing them to store their produce for appropriate periods, reduce post-harvest losses and improve their chances of securing buyers locally and internationally.

Oando production hits 42,985boepd as revenue grows 9% in nine months

Oando Plc has increased its average daily oil and gas production by 14 per cent to 42,985 barrels of oil equivalent per day (boepd) in the first nine months of 2026, as revenue rose by nine per cent to N2.78 trillion on the back of higher crude oil liftings, increased gas and Natural Gas Liquids (NGL) sales, and improved realised prices.

According to the company’s unaudited financial results for the nine months ended September 30, 2026, operational performance improved across its upstream portfolio, with growth in crude oil, natural gas, and NGL production.

Average daily production rose from 37,614 boepd in the corresponding period of 2025 to 42,985 boepd in 2026, reflecting increased investment, improved operational efficiency, and better facility reliability.

Crude oil production also increased by 12 per cent to 12,193 barrels per day, while gas production rose by 13 per cent to 28,689 boepd.

Its NGL production recorded the highest growth, increasing by 53 per cent to 2,103 barrels per day.

The improved output also translated into higher sales volumes. Crude oil liftings increased by 43 per cent to 3.97 million barrels, while natural gas sales rose by five per cent to 34.01 billion standard cubic feet (Bscf).

NGL sales surged by 90 per cent to 0.57 million barrels, pushing total exploration and production sales volumes up by 21 per cent to 10.21 million barrels of oil equivalent.

Commenting on the performance, Group Chief Executive of Oando Plc, Wale Tinubu, said the results reflected the impact of disciplined execution under the company’s operatorship and renewed investment drive.

He said production growth was supported by improved efficiency, higher facility uptime and lower operating costs across the company’s expanded upstream portfolio.

According to him, facility uptime improved to 96.1 per cent from 85 per cent in the corresponding period of 2025, while production operating costs declined by 22 per cent to $15.39 per barrel of oil equivalent.

The company, according to him, also recorded a significant improvement in profitability, moving from an operating loss of N109.7 billion in the first nine months of 2025 to an operating profit of N159.7 billion in the review period.

Gross profit increased by 483 per cent to N174.5 billion from N29.8 billion in the corresponding period of the previous year.

Tinubu attributed the improvement to higher production, better operational reliability, lower unit costs and increased efficiency across the company’s assets.

On its investment programme, he said the company had committed N110.7 billion to capital expenditure during the period, largely directed towards drilling activities across Oil Mining Leases (OMLs) 60-63.

‘The company’s seven-well drilling programme for 2026 is progressing across its operated assets. Two wells, Idu 6ST and Idu 15, have been completed and brought on stream, while workovers at Samabri 4T and Samabri 7T have also been completed.

‘ Drilling is ongoing at Idu T and Samabri A50, with the final well, Ogbainbiri, scheduled to commence in December,’ the company said.

On completion, the company said the drilling campaign is expected to add between 16,000 and 20,000 boepd gross production, helping to offset natural field decline and sustain output growth.

The programme is also expected to support Oando’s medium-term ambition of increasing production to approximately 100,000 boepd within the next four to five years.

Meanwhile, the company reported that total borrowings declined to N2.16 trillion, representing a 22 per cent reduction from the peak recorded at the end of 2024.

Cash generated from operations stood at N285 billion during the review period.

In the clean energy segment, Oando’s electric mobility partnership with the Lagos Metropolitan Area Transport Authority (LAMATA) recorded more than 212,000 passenger journeys in the first nine months of 2026, with average capacity utilisation of 73 per cent.

‘An additional 11 electric buses, the first batch of a planned 50, have arrived in Lagos, bringing the fleet to 13. The expanded fleet is expected to commence operations in the fourth quarter, with LAMATA operating the buses on behalf of Lagos State,’ the statement read.

Looking ahead, Oando said it has narrowed its full-year production guidance to between 40,000 and 45,000 boepd, while projecting capital expenditure of $90 million to $100 million for 2026, primarily targeting high-impact, short-cycle upstream activities.

Tinubu said the company’s priorities for the remaining months of the year included completing its drilling programme, sustaining operational reliability and strengthening shareholders’ funds through an impending equity raise.

He added that the initiatives would help reduce leverage, improve the company’s capacity to finance future growth and support potential shareholder distributions.