Pressdia Ad

Nigeria’s Tinubu Lifts Emergency Rule in Oil-Rich Rivers State

President Bola Tinubu has lifted the state of emergency imposed in Rivers State, one of Nigeria’s top oil-producing regions, ending months of heightened federal control. The decision was confirmed on Friday in a statement released by the presidency, seen by Premium Times.

The emergency rule, introduced in March 2024 following violent political unrest and disruptions to oil operations, had granted the federal government special powers to deploy additional security forces and oversee state affairs. The lifting of the measure signals confidence that stability has returned to the oil-rich Niger Delta hub.

“This move reflects the progress achieved in restoring peace and ensuring the protection of vital oil infrastructure in Rivers State,” a senior government aide told BusinessDay. Oil accounts for more than 80% of Nigeria’s export earnings, making stability in the region critical to national revenue.

Industry experts cited by Reuters noted that the decision is likely to reassure international oil companies and local operators, who had raised concerns about disruptions to production and investment delays under the emergency rule. Crude output in Rivers, home to major terminals and pipelines, had dipped during the crisis period.

While security analysts warn that lingering tensions remain, the presidency emphasized that dialogue with local stakeholders will continue to prevent a relapse into violence. The Niger Delta has a history of militancy and unrest tied to resource control, with periodic flare-ups impacting Nigeria’s oil economy.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Movies to Binge This Weekend

Looking for the perfect screen lineup this weekend? From animated adventures...

Rema, Lisa and Anitta Headline Spectacular FIFA World Cup 2026 Opening Ceremony

Global music stars Rema, Lisa, and Anitta delivered standout performances at...

Anthropic Disables Fable 5 and Mythos 5 Following U.S. Government Directive

Artificial intelligence company Anthropic has suspended access to its flagship Fable...

Elon Musk Becomes World’s First Trillionaire as SpaceX Shares Surge After Historic IPO

Elon Musk has become the world’s first trillionaire following the blockbuster...

Jay Jay Okocha Receives Retro 1998 FIFA World Cup Player of the Match Honor

Nigerian football legend Jay Jay Okocha has been awarded the Retroactive...

S&P Restores Afreximbank’s Investment-Grade Rating in Major Boost for African Trade Finance

The African Export-Import Bank (Afreximbank) has regained its investment-grade status after...

Zimbabwe State Gold Miner Targets Doubling Output by 2029 as Expansion Projects Gain Momentum

Zimbabwe’s state-owned gold producer, Mutapa Gold Resources, plans to double its...

Zimbabwe Moves to Regulate Cryptocurrency Sector With New Licensing Framework

Zimbabwe has introduced its first comprehensive regulatory framework for cryptocurrencies, requiring...

Sustainable Luxury Leather Craftsmanship — Zashadu

Founded by Zainab Ashadu, Zashadu is a globally recognized Nigerian luxury...

Related Posts

Anthropic Disables Fable 5 and Mythos 5 Following U.S. Government Directive

Artificial intelligence company Anthropic has suspended access to its...

Jay Jay Okocha Receives Retro 1998 FIFA World Cup Player of the Match Honor

Nigerian football legend Jay Jay Okocha has been awarded...

S&P Restores Afreximbank’s Investment-Grade Rating in Major Boost for African Trade Finance

The African Export-Import Bank (Afreximbank) has regained its investment-grade...

LEAVE A REPLY

Please enter your comment!
Please enter your name here