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Kola Karim Urges Nigeria to Aim Higher: Calls for 5 Million Barrels Daily and Stronger Execution in Energy Reforms

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At the ongoing ninth edition of the Future Investment Initiative (FII) in Riyadh, Saudi Arabia, Mr. Kola Karim, Chairman of Shoreline Group, delivered a powerful reflection on leadership, energy, and Africa’s development future. Speaking with Arise Business Correspondent, Karim emphasized that Nigeria’s ambition in the oil and gas sector must be bolder, urging the nation to raise its target production to five million barrels per day by 2030, not three million.

 

Karim, who leads an industrial conglomerate focused on energy and infrastructure investments across Sub-Saharan Africa, described leadership as “the very core of globalization,” stressing that both public and private sectors must share responsibility for societal progress.

“We often assume that leadership should concern itself solely with the public sector,” he said. “In reality, the social contract must be upheld by both public and private sectors, because true leadership is defined by the extent to which one is willing to serve—regardless of the arena

He explained that the relationship between business and community, what he calls the “social contract”, is essential to peace and progress. Drawing from his company’s experience, he cited the Niger Delta as a model for how engagement and mutual respect can sustain long-term business operations.

“Our social contract with the communities we engage in is what helps us build and run a successful, safe, secure business,” he noted.

Karim contrasted Saudi Arabia’s remarkable infrastructure transformation with the sluggish pace in Nigeria and much of Africa. He lauded the Kingdom’s disciplined approach, crediting its progress to long-term planning and consistent execution.
“It’s not that Nigeria and other African nations lack plans,” he said. “The real challenge lies in consistent execution and follow-through. What Saudi Arabia has achieved in recent years is remarkable—you can see visible progress every quarter.”
“It’s not like in Nigeria and African states we don’t have plans,” he said. “The problem is execution and sticking with the plan. What Saudi Arabia has done over the years is phenomenal, you see tangible differences every quarter.”

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He underscored that Africa, despite holding over 26% of the world’s natural resources and boasting the youngest population on earth, continues to lag because “we focus more on who, rather than the construct of getting it done.”

Turning to Nigeria’s domestic reforms, Karim commended President Bola Ahmed Tinubu’s administration for introducing an executive order that increased the spending limit for operators in the oil and gas sector from $2 million to $10 million.

“Before now, $2 million wouldn’t even buy a compressor, which is essential to operate in oil and gas,” he explained. “The problem of Nigeria’s oil and gas industry isn’t about reserves—we have 47 billion barrels of oil and 210 trillion cubic feet of gas—it’s about aging infrastructure.”

According to him, the order has already begun to yield results, allowing companies to import and install much-needed equipment, boosting production and drilling activity.

“This production growth is not by accident. The executive order has made it easier for operators to invest and get things done. We’re now at about 1.7 million barrels per day, and with the renewed drilling activity, we’ll surpass the 3 million target.”

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But Karim believes Nigeria must be more ambitious.

“For me, the focus shouldn’t be three million. By 2030, Nigeria should target five million barrels per day,” he insisted, comparing Nigeria’s potential to global leaders: “The U.S. is producing 12.5 million barrels and targeting 15; Saudi Arabia is at 11.5. Ten years ago, the UAE was producing what Nigeria was, 2.5 million barrels, but today, they’re at 4.2.”

Karim called for accelerated investment in Nigeria’s gas value chain, emphasizing that the nation’s 210 TCF gas reserves are grossly underutilized.

“We’re only on our seventh LNG train, while countries with smaller reserves are on their fifteenth,” he said. “To grow oil production, we must also grow gas production. They go hand in hand.”

He supported the government’s push for compressed natural gas (CNG) as an alternative fuel but cautioned that logistics and safety infrastructure must be strengthened.

“CNG is gas, you have to transport it safely and dispense it with specialized equipment. Without effective distribution, it won’t yield the intended benefits,” he said.

On the global debate around energy transition and renewables, Karim echoed the sentiments of industrialist Aliko Dangote, asserting that Africa cannot be held to the same standards as advanced economies.

“Africa contributes under 3% of global emissions,” he stated. “It’s unfair to benchmark us at the same level as OECD countries who are already on their fourth industrial revolution. Africa hasn’t had its first.”

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He highlighted that Africa’s mix of hydro potential, abundant sunshine, and youthful population positions it well for a balanced, sustainable energy future, if pursued at its own pace.

“It’s not about abandoning oil and gas. It’s about building the infrastructure to transition responsibly. We can’t just stop producing oil and gas—90% of our foreign exchange comes from it,” he argued. “We must develop a strategy at our own pace to support our growth.”

Karim warned that Africa’s youthful demographic, 65% under age 30, represents both a promise and a risk. Without leadership that delivers prosperity, he cautioned, the continent could face instability and mass migration.

“If you have 65% of a continent under 30 and they’re poor, you have a problem—they will search for prosperity elsewhere,” he said. “When I go to the West seeking funds to build power plants, railroads, and schools, I’m helping to save you. Because if Africa fails, the world will feel it.”

Closing on a visionary note, Karim called for a unified yet diverse global order that values humanity over dominance.

“We cannot live in a unipolar world; we must live in a unified world with different ideals, but we must execute for humanity,” he declared. “It doesn’t matter if I’m successful and surrounded by poverty, your wealth has no value if others have nothing. Shared prosperity is the path to peace and stability.”

From energy reform to social leadership, Kola Karim’s insights at FII 2025 echoed one timeless principle: execution, equity, and vision are the real currencies of leadership.

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Oyo school abductions: Makinde signs executive order, restricts Okada 

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Governor Seyi Makinde of Oyo state
has signed Executive Order No. 002 of 2026, aimed at strengthening security, enforcing vehicle registration regulations and improving traffic management across the state.

The governor also announced restrictions on the operations of commercial motorcycle operators, popularly known as “Okada” riders.

The development follows growing concerns over security challenges in parts of the state, particularly the continued captivity of teachers and pupils abducted in Oriire Local Government Area more than 20 days ago.

Speaking during the signing ceremony in his Office on Friday, Makinde said the executive order was designed to ensure strict compliance with existing laws governing vehicle registration and traffic regulations.

He noted that unregistered vehicles, motorcycles, and tricycles have increasingly been used to perpetrate criminal activities within the state.

According to the governor, security agencies often encounter difficulties tracking and investigating crimes involving unregistered vehicles because of the absence of identifiable registration details.

Governor Makinde explained that the executive order would provide a legal framework for the strict enforcement of vehicle registration requirements and other traffic regulations, including measures against driving against traffic and related offences.

According to him, designated enforcement authorities have been empowered to arrest offenders and impound vehicles, motorcycles, or tricycles found violating the provisions of the order.

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The governor said offenders apprehended under the executive order would be prosecuted in accordance with the law, while seized assets and properties would be handled through established legal procedures.

The governor linked the latest security measures to lessons learnt from recent security breaches, especially the abduction of schoolchildren and teachers in Oriire Local Government Area.

“We are living through very trying times; for over 20 days, our teachers and pupils have remained in captivity in the hands of terrorists. Our thoughts and prayers remain with them and with their families who continue to endure unimaginable pain and uncertainty,” He said. 

He assured residents that his administration remained fully committed to securing the safe return of all abducted victims and was working relentlessly with relevant security agencies to achieve that objective.

“As a government, we share in their anxiety and their hope, and we remain committed to doing everything within our power to secure the safe return of every one of them,” Makinde said.

The governor acknowledged the pain being experienced by the affected families and communities, stressing that the abducted teachers and pupils had neither been forgotten nor abandoned.

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While declining to disclose operational details for security reasons, Makinde maintained that extensive efforts were ongoing behind the scenes and urged residents not to mistake the government’s silence for inaction.

One of the major highlights of the executive order is the restriction placed on commercial motorcycle operations across Oyo State.

Makinde announced that commercial motorcycle operators would no longer be permitted to operate between 10:30 p.m. and 5:30 a.m. statewide, describing the measure as part of additional efforts to improve security and public safety.

The governor said the restriction became necessary as part of broader strategies to curb criminal activities and strengthen surveillance across communities.

He appealed to residents to actively support security agencies by providing timely information on suspicious movements and activities.

According to him, security remains a collective responsibility that requires the cooperation of all citizens.

“If you see something, say something, and authorities will do something,” he said, while reminding residents of the state’s toll-free emergency number, 615, for reporting security threats and emergencies.

Makinde also urged residents to remain vigilant, united and resilient despite the current security challenges, warning against allowing fear to undermine communal harmony and confidence.

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He commended security agencies and members of the state’s security outfit, Amotekun Corps, for their dedication, sacrifices and professionalism in responding to security threats across Oyo State.

The governor expressed optimism that with sustained collaboration among security agencies, community stakeholders, and residents, the abducted teachers and pupils would be rescued safely and security across the state would be further strengthened.

In his address at the event, the Attorney General of the state and Commissioner for Justice, Abiodun Aikomo, stated that the implementation of the order would be carried out by relevant agencies, including the Oyo State Road Traffic Management Authority (OYRTMA), the Nigeria Police Force and other law enforcement bodies, which would be required to submit periodic reports on enforcement activities to the state government.

To ensure transparency and accountability, Aikomo stated that the Office of the Director of Public Prosecutions would provide oversight on prosecutions arising from the enforcement exercise, while members of the public would be encouraged to report any misconduct by officials involved in implementing the order.

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Nigeria set to repatriate over 1,000 nationals from South Africa as violence continues

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The Federal government has kick-started plans to bring back home more than 1,000 Nigerians from South Africa as concerns grow over rising anti-immigrant sentiments and renewed xenophobic tensions in the southern African nation.

According to reports, Nigeria’s Ministry of Foreign Affairs confirmed on Friday that screening for a voluntary repatriation programme began on Thursday, with authorities expecting over 1,000 Nigerians to participate.

Foreign ministry spokesperson Kimiebi Ebienfa told AFP that the final number of those seeking to return home had not yet been determined but noted that the figure was expected to exceed 1,000.

“Total figure not out yet,” he said. “We are expecting over 1,000 persons.”

The move follows a similar action by Ghana, which recently repatriated hundreds of its nationals from South Africa amid increasing fears over protests and violence directed at foreign nationals.

In a statement dated Tuesday, Nigeria’s High Commission in Pretoria said it had “negotiated waivers with host authorities” so that those with “immigration-related offences” would be allowed to leave on the eventual repatriation flights rather than be detained.

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South Africa, until recently the continent’s most industrialised economy, has long attracted workers from across the region.

But saddled with an unemployment rate of over 30 per cent, it has seen repeated spurts of xenophobic protests — including renewed violence in recent weeks.

The latest tensions have revived uncomfortable debates across Africa about xenophobia, migration and the gap between pan-African rhetoric and realities facing migration on the continent.

An ultimatum by one citizen-led group for illegal migrants to be expelled by June 30 has raised fears of violence after bouts of anti-immigrant unrest in the past that claimed dozens of lives.

Last month, Ghana repatriated some 300 people, the first batch of what authorities said was expected to be a total of about 800 Ghanaian nationals.

The South African government has said it is stepping up enforcement against undocumented immigrants but urged citizens not to take matters into their own hands.

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There are more than three million foreigners living in South Africa, or 5.1 per cent of the population, according to the statistics agency.

More than 63 per cent come from countries in the 16-member Southern African Development Community (SADC) bloc.

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Again, WAEC candidates write exams with Torchlight

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The 2026 West African Senior School Certificate Examination (WASSCE) got off to a dark start on Thursday across several centres in Oyo, Lagos, Ogun and Osun states.

Due to the late arrival of examination materials, several candidates were forced to sit for papers late into the evening.

On Monday, candidates reportedly waited several hours before writing the Physics Essay and Objective papers, which were scheduled for 2pm and 3:30pm respectively.

The delays persisted on Wednesday, with the General Mathematics Objective paper starting at 6:30pm in some centres and as late as 8:30pm in others, leaving candidates to finish the examination after 10pm.

The situation was said to be particularly severe in some centres in Ibadan, the Oyo state capital.

The first batch of the Agricultural Science practical examination was slated for 2pm, while the second batch was scheduled for 3:30pm.

However, as of 8pm, some centres in the state had yet to commence the examination.

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Due to the delay, candidates reportedly sat the examination under poor lighting conditions.

In a viral video, several students could be seen writing the examination with torchlights, mobile phone flashlights and solar-powered lamps.

The incident has since triggered widespread outrage on social media.

Mariam Kehinde, an X user, said that as of past 8pm on Thursday, her sister was yet to return home from the examination centre.

“What exactly is happening in this country sef? My sister left for her WAEC exam since morning and still hadn’t returned home,” she wrote.

“She called around 6pm saying their exam paper had just arrived at that time nitori olorun. She was still at the exam centre, and my mum even had to wait.”

Adedeji Adeyinka, another user, described Thursday’s conduct of the examination as “particularly disturbing”.

“Candidates writing Government completed the Theory paper and were instructed to wait for the Objective paper, only for the question paper to arrive more than FOUR HOURS later,” he posted.

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“How is this acceptable in a national examination? Even more shocking was the situation faced by students writing Agricultural Science Practical. An examination scheduled for 2:00 p.m. did not commence until about 9:00 p.m. in many parts of Oyo State.

“A seven-hour delay is not a minor inconvenience. It is a systemic failure.”

Another X user identified as Mum Ire also lamented the shortage of question papers during Wednesday’s Mathematics examination.

“Out of 75 candidates, only 35 Mathematics question papers were brought to the examination centre for the entire exam yesterday,” she wrote on Thursday.

“When did WAEC start operating like this?

“Now we are being told that the Agriculture Science practical questions are on the way at 8:10 pm.”

Joel Abodunrin also decried the shortage of question papers.

“WAEC’s been doing well until today,” he wrote on Wednesday.

“An examination hall of about 250 candidates and having Mathematics question papers for only 120.

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“Getting to tear the questions into pieces so that all could have something to do.”

Hakeem Olaoye, another user, said candidates were being made to write examinations at unreasonable hours.

“WAEC exam being conducted late in the evening.

“The Agric practical exam that was supposed to be held by 2pm just commenced some minutes after 7pm,” he wrote.

“Very disheartening indeed. Likewise for Mathematics. A school with 130 students was given 16 question booklets to share among.”

The development has raised concerns about the safety of candidates amid the country’s growing security challenges.

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