Business
AICL GMD, Tamuno, Chairs CIoD Abuja Members’ Evening, Urges Directors to Lead Economic Transformation through Collaboration
In a strong call to action for Nigeria’s business leaders, Her Excellency Amb. Dr. Maureen Tamuno, Ph.D., MCioD, Group Managing Director of Abuja Investments Company Limited (AICL), chaired the Abuja Members’ Evening hosted by the Chartered Institute of Directors (CIoD) Nigeria, delivering a passionate address that highlighted the urgent need for collaborative leadership and strategic economic stimulation.
Themed “From Control to Collaboration: Reimagining Leadership Mindsets for a New Generation,” the event brought together corporate executives, policymakers, and governance experts at Anthill Apartments, Abuja, to reflect on the future of leadership in Nigeria.
In her remarks, Amb. Tamuno emphasized the need to move away from the era of siloed leadership, noting that Nigeria’s economy depends on collaboration across sectors, regions, and generations. She urged directors to seek out partners, build trust, and stimulate growth through strategic alliances. Her remarks also echoed the Federal Government’s Renewed Hope Agenda, emphasizing the importance of inclusive economic policies, private sector participation, and sustainable development as pathways to national prosperity.
Drawing from her experience representing Nigeria in four Caribbean nations, she reminded guests that Nigeria holds immense potential—not just for its people, but for the global African diaspora.
“In the Caribbean, they dream of returning to Nigeria. The Motherland is here—but we must make it viable. As directors, you are the engine room of this transformation. Let us build industries, create opportunities, and grow businesses that support our future.”She said.
She never ceases to describe the unwavering support and determination of the Honourable Minister of the Federal Capital Territory, Barr. Nyesom Wike, in transforming the FCT into a modern, investment-friendly capital.Always highlighting his bold leadership, commitment to infrastructure renewal, and drive for institutional reform as key pillars of progress.
Otunba Adetunji Oyebanji,President and Chairman of the governing council,CIoD described the theme as timely, noting that the business landscape is being reshaped by digital transformation, shifting generational values, and the demand for more inclusive leadership. He emphasized that control-based leadership models are no longer sufficient, calling on directors to listen, empower, and adapt to the fast-evolving world around them.
The event also featured an insightful keynote presentation by Mrs. Rose Eshiett, M.CIoD, CEO of Maroto Energy Consult, who shared practical strategies for adaptive leadership within Nigeria’s fast-changing energy sector.
Alhaji Tijjani M.Borodo LLM FCIoD,Immediate Past President,,Alhaji Lamis S. Dikko, F.CIoD, Second Vice President, CIoD Nigeria,Mrs Amina Oyagbola,F.CIoD, First Vice President, Mrs. Chukwurah Nwando Chairman, CIoD Abuja Zone and other notable dignitaries are in attendance.
The evening concluded with lively networking, knowledge-sharing, and renewed commitments to repositioning leadership in Nigeria for sustainable economic development.
TotalEnergies and Nigerian independent energy company AMNI International have taken the Final Investment Decision on the $800 million Ima Gas Project, more than five decades after the gas field was discovered.
The Ima Gas Project, located in shallow waters across Oil Mining Leases 112 and 117 near Bonny Island, Rivers State, is expected to begin production in 2028 and reach a plateau of 350 million cubic feet of gas per day.
The development is expected to play a major role in supplying feed gas to Nigeria LNG, with the Ima field projected to provide about one-third of the additional gas required for the ongoing Train 7 expansion.
Train 7 is expected to increase Nigeria LNG’s liquefaction capacity from 22 million tonnes per annum to 30 million tonnes per annum, strengthening Nigeria’s capacity to process and export liquefied natural gas.
The Ima field was discovered in 1973 but remained undeveloped for more than 50 years. The Final Investment Decision provides the commercial and financial basis for finally developing the long-dormant resource.
Under the development plan, TotalEnergies will operate the project with a 40 per cent interest, while AMNI will hold the remaining 60 per cent.
The field will be developed using a single offshore platform connected to Nigeria LNG’s facility on Bonny Island through a 22-kilometre pipeline.
TotalEnergies said its investment in the project is more than $600 million, while the Federal Government described the overall Final Investment Decision as an $800 million investment.
At the FID signing ceremony in Abuja, TotalEnergies Exploration and Production Nigeria Managing Director, Mathieu Bouyer, described the decision as the culmination of a development process that had stretched across several decades.
He said the project reflected increased confidence in Nigeria’s investment environment and highlighted reforms targeting the non-associated gas sector as part of the factors that helped make the development commercially viable.
President Bola Tinubu welcomed the investment, saying the project demonstrated the potential of reforms introduced to reduce the cost and time required to develop oil and gas projects.
The President said the government had introduced incentives aimed specifically at unlocking onshore and shallow-water gas projects that had remained undeveloped for years.
He said the Ima development would create opportunities for Nigerian businesses, engineers, technicians and contractors, while generating jobs, economic activity in host communities and additional export earnings.
The project is also expected to have a strong Nigerian content component. TotalEnergies said all key contractors for the development would be Nigerian companies, while about 60 per cent of the workforce during the development phase is expected to come from host communities.
The development will incorporate measures aimed at reducing emissions. TotalEnergies said the platform would receive electricity from shore, operate without routine flaring and use permanent methane detection and monitoring systems.
The Federal Government said the project is part of efforts to turn Nigeria’s large natural gas reserves into productive assets capable of supporting industrialisation, energy supply, jobs and export earnings.
Special Adviser to the President on Energy, Olu Verheijen, said the Ima development illustrated the importance of creating commercial and investment conditions that allow previously stranded resources to be developed.
The government also noted that Nigerian financial institutions arranged 77 per cent of the project’s financing, further highlighting the participation of domestic financial institutions in the development.
For Nigeria LNG, the project comes as the company continues work on the Train 7 expansion, which is designed to increase the Bonny Island plant’s liquefaction capacity and strengthen the country’s position in the global LNG market.
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