TotalEnergies, together with its partner Nextnorth, a Philippines-based renewable energy developer, announced that they reached financial close and started the construction of a 440 MWp solar power plant. Located in the City of Ilagan, Province of Isabela, the project, owned by TotalEnergies (65%) and Nextnorth (35%), will be operational by the end of 2027.
Once operational, it will produce 13.5 TWh over 20 years. More than 50% of the project’s electricity will be sold under long-term offtake agreements with two Retail Electricity Suppliers, AdventEnergy and PrimeRES, supplying commercial and industrial users seeking to decarbonise their operations. The remaining production will be sold to the national grid via its award under Round 4 of the Philippines Government’s Green Energy Auction Programme.
A solar power plant in China
With a total cost of approximately $300 million, the project is financed by three international banks, Sumitomo Mitsui Banking Corporation (SMBC), ING Bank NV (ING) and Standard Chartered (SCB). It is the largest international financing for a solar project in the Philippines to date.
“We are delighted with our partner Nextnorth to start the construction of this major solar project in Philippines, thereby contributing to the country’s goal of increasing renewables in its generation energy mix. These 440 MW will contribute to the 9 GW renewables portfolio that we are combining with Masdar through a 50/50 joint venture across nine Asian countries,” said Olivier Jouny, SVP Renewables at TotalEnergies.
“Energy security has never been more relevant for the Philippines than it is today. With rising demand and continued exposure to imported fuels, the country needs domestic, scalable, and bankable renewable capacity. Working alongside TotalEnergies, we are delivering clean, reliable power that supports communities, creates jobs, and advances the Philippines’ transition toward a more energy independent future,” said Miguel Mapa, President and CEO, Nextnorth.
Greenpeace Netherlands has taken the first step towards legal action against meat giant JBS, demanding disclosure of information on its climate, nature and human rights impacts in order to challenge in court its business policies, including its planned $6 billion global expansion, of which almost half is for Nigeria.
Just hours later, Greenpeace Netherlands activists shut down JBS’ first shareholder meeting in the Netherlands since relocating to the country last year. Activists from across Europe disrupted the meeting at the Sheraton Hotel at Amsterdam’s Schiphol Airport, installing a banner bearing the slogan “JBS: Keep Your Bloody Business Out of Africa”, which rained fake blood over the entrance to the hotel.
Greenpeace Netherlands activists disrupt JBS Shareholders’ Meeting in Amsterdam
Inside the hotel, a 10m x 15m banner featuring JBS’ majority shareholders, Brazilian billionaires Joesley and Wesley Batista, was unveiled in the eight-story hotel atrium. Activists then entered the conference room where the meeting was taking place, leading to the suspension of the meeting.
Elizabeth Atieno, Food Campaigner at Greenpeace Africa, said: “The growth of JBS’ meat empire has been hand-in-glove with environmental destruction, colossal emissions, human rights scandals, corruption, and a lack of transparency. Now it plans to export this business model to other sub-Saharan Africa countries. As well as locking-in spiralling emissions for decades to come, JBS’ expansion in Nigeria threatens to cause irreversible environmental damage and displace smallholder farmers to line the pockets of wealthy international elites.
“Nigerians know well from the legacy of companies like Shell the destructive impact wrought by unchecked corporate power. This legal intervention affirms that corporations have obligations to transparency and human rights regardless where they operate in the world. The time of extractive industries operating with impunity on this continent is over. We must stop this new wave of destruction before it starts.”
In a legal letter delivered to the Amsterdam headquarters of JBS parent company JBS N.V. on Thursday, April 30, 2026, Greenpeace Netherlands’ lawyers set out multiple alleged breaches by JBS of Dutch law stemming from the extensive emissions and long history of environmental damage and human rights abuses linked to its business. JBS’ expansion plans risk further exacerbating these harms, it argues, raising serious concerns that expansion will be inconsistent with the company’s climate and biodiversity obligations and represent a continued breach of Dutch duty of care, which requires companies to act in line with international human rights law.
Under new legislation that allows access to data held by Dutch companies for the purpose of bringing litigation, the letter demands that JBS disclose within three weeks assessments it holds relating to the climate, nature and human rights impacts of its historic operations and its planned expansion.
Should the company fail to comply, Greenpeace Netherlands is entitled to seek the required information in the form of documents and from senior JBS figures under oath, raising the prospect of the Batista brothers being forced to testify in Dutch court.
Marieke Vellekoop, Executive Director at Greenpeace Netherlands, said: “JBS was warned that if it brought its bloody business to the Netherlands, we would do everything in our power to ensure it complies with Dutch law. Today, we are following through on that promise.
“JBS’ six billion dollar global expansion is following its usual playbook: peddling empty promises, refusing transparency and sidelining communities. Greenpeace Netherlands’ innovative legal intervention forces JBS out of the shadows, exposing its historic and ongoing destructive impacts and laying the ground for a first major climate and nature lawsuit against the predatory expansion of the global meat industry.“
In November 2024, JBS announced an agreement with the government of Nigeria for $2.5 billion investment over five years comprising the construction of six meat-processing plants. Civil society groups in Nigeria have raised serious concerns, citing environmental, health, and social risks associated with industrial animal farming, which is yet to establish a foothold in Africa.
“We have seen this before,” said Elujulo Opeyemi, Executive Director at Youth in Agroecology and Restoration Network (YARN), on behalf of Nigeria’s Climate Justice Movement. “A foreign company arrives with big promises: jobs, development, progress, and instead leaves a trail of destruction whose price communities pay for decades. The Niger Delta is our reminder of what happens when governments open the door to destructive corporations without asking the hard questions first. We are asking those questions now, and we expect answers before a single plant is built.”
There is no available evidence that JBS has conducted any environmental and social impact assessments or consultations with communities and other stakeholders in Nigeria, and efforts by civil society to gather more information via Freedom of Information requests have reportedly been ignored.
Last month, Greenpeace Africa submitted an amicus curiae brief before the African Court on Human and Peoples’ Rights arguing that allowing multinational corporations to expand without meaningful environmental safeguards constitutes a failure of the State’s duty to protect human rights. The brief points specifically to JBS’ Nigeria expansion as an example.
In June 2025, JBS concluded a decade-long effort to list shares on the New York Stock Exchange. As part of the listing, JBS reconstituted as a Dutch company, moving its headquarters from Sao Paulo to Amsterdam. Before the listing, Greenpeace International warned JBS shareholders that it would “do its part to make sure JBS operates within Dutch law”.
Africa’s development ambitions are not held back by a lack of vision, but by the scale, cost and structure of financing available to make them a reality, said speakers at two high-level round tables organised in the framework of the 12th African Regional Forum on Sustainable Development (ARFSD-12).
These discussions, held on the themes of scaling up transformative and coordinated actions for the 2030 Agenda and Agenda 2063, and unlocking funding for the 2030 Agenda for the 2030 Agenda, will be held in the context of the Climate Resilience and Sustainable Development in Africa, brought together ministers, representatives of continental institutions, development finance officials, climate negotiators, members of civil society and international organisations.
12th Africa Regional Forum on Sustainable Development (ARFSD-12)
A central message came back among the speakers: Africa’s challenge is not ambition, but implementation. This implementation, they stressed, requires affordable financing, stronger country systems, bankable project portfolios, reliable data, and a reformed global financial architecture that takes into account African realities.
ECA Executive Secretary and Moderator of the two sessions, Claver Gatete, said Africa must protect its investments in climate and development, even under the strong budgetary pressure. He stressed that reducing risks, whether currency, climate or policy-related, is essential to mobilising domestic and private capital.
Panellists noted that Africa continues to face a disproportionate cost of capital, due in part to weaknesses in the International Financial Architecture. Methodologies credit ratings, risk-weighting practices and capital adequacy frameworks were cited as limiting factors in investments in climate resilience, infrastructure and sustainable development.
The Minister for Foreign Affairs of Ethiopia and President-designate of the Thirty-second Conference of the Parties to the United Nations Framework Convention on Climate Change, Dr. Gedion Timothewos, set the strategic context by grounding the debate in African responsibility and global leadership.
“Africa’s experience in sustainable development continues to highlight a major challenge: the persistence of structural barriers, large financing gaps, Rising debt, declining investment and the high cost of capital are undermining hard-won development gains.
“Ethiopia’s COP32 presidency will systematically put climate action at the heart of sustainable development and poverty eradication. Implementation will be at the centre of our presidency, with institution-building and accelerated support for the development of national adaptation plans and long-term strategies,” he added.
Panelists highlighted that climate finance flows remain unbalanced, unpredictable and strongly mitigation-oriented, while resources in the form of Subsidies for adaptation, loss and damage management, and disaster risk reduction remain insufficient. This discrepancy, they argued, does not reflect the continent’s vulnerability and development needs.
Director and Head of Africa at Convergence Blended Finance, Aakif Merchant, presented strategic perspectives on the Seville Programme of Action to mobilise climate resilience and sustainable development finance, highlighting the role of blended finance in scaling promising instruments from the pilot phase to a wider scale.
Rwanda’s experience was also cited as an example of how climate resilience can be integrated into national development planning. The Rwandan Minister Minister of Environment, Bernadette Arakwiye, shared lessons learned from Rwanda’s transition from implementing fragmented projects to country-led national investment platforms aligned with national priorities clear measures, such as green budgeting, environmental funds, and strengthened institutional coordination, to align domestic and international climate finance with development priorities.
The Chair of the African Group of Negotiators on Climate Change, Antwi-Boasiako Amoah, stressed the need for equitable, predictable and accessible finance. adapted to the realities of African development, and not on the need for mere promises. In particular, he highlighted the importance of predictable and accessible financing, in the form of grants and concessional financing, to support adaptation and resilience, a just transition, addressing loss and damage, and green industrialisation.
The CEO of the Climate Investment Funds, Tariye Gbadegesin, highlighted the importance of large-scale climate finance platforms to accelerate the transition from stand-alone pilot projects to deployable solutions, capable of supporting green industrialisation and resilience across the continent. She noted growing evidence that investing in resilience, protecting food systems, water and energy supply systems, as well as the creation of businesses and jobs, generate economic returns.
World Meteorological Organisation Assistant Secretary-General, Thomas Asare, highlighted the role of climate risk data and early warning systems in innovation financial. He said this data can be integrated into instruments such as resilience bonds and debt-for-climate swaps to attract large-scale private investment.
Civil society also advocated for greater financial justice in the fight against climate change. Mithika Mwenda of the Pan-African Climate Justice Alliance (PACJA) said Africa must ensure transparent, equitable and accountable use of national and international resources, while stressing the need for subsidies in a context of declining funding.
“We must reaffirm common but differentiated responsibilities and countries’ respective capabilities under the Paris Agreement. Those who have contributed the most to the crisis and who have the greatest capacity must do more,” he said.
In the second panel, Zimbabwe’s Minister of Finance, Mthuli Ncube, stressed the importance of strengthening domestic resource mobilisation while protecting investments in climate and development. He noted that this had to be done in a context of limited fiscal space, increasing pressures on debt servicing, and the need for risk mitigation and financial innovation.
Senior Advisor to the Commissioner in the Department of Economic Development, Trade, Tourism, Industry and Minerals of the African Union Commission, Jean-Bertrand Azapmo, advocated for a coherent continental framework linking climate finance to green industrialisation and regional value chains under the African Continental Free Trade Area.
Coulibaly Abdoulaye, African Development Bank, highlighted the link between global reform and national capital formation. He said that, for systemic reforms, the Global Financial Architecture and sovereign credit systems are needed to reduce the cost of capital in Africa and enable the strengthening of domestic capital markets.
International Monetary Fund Executive Director, N’Sonde Regis, said more analysis and support is needed to help African countries mobilise more climate and development finance without increasing their debt vulnerability.
Olapeju Ibekwe, Sterling One Foundation, highlighted the contribution of philanthropic and non-state actors in strengthening accountability, mobilising partnerships and ensuring that financing translates into concrete development results.
At both panels, speakers warned that the fragmented and project-based implementation of climate and development finance limits its scale, coherence and coherence and impact. They called for integrated and programmatic approaches, aligned with national plans, the Sustainable Development Goals and Agenda 2063.
The discussions also highlighted weak domestic resource mobilisation and public financial management systems as major constraints. Low tax contributions, inefficiencies and limited capacity to secure resources have been identified as barriers to financing climate-resilient infrastructure and services.
Speakers also noted that many African countries do not have a sufficient number of investment-ready and bankable climate projects. Lack of capacity, technical constraints in project preparation, risk structuring and public-private partnerships, they said, continue to hamper the mobilisation of large-scale financing.
Underutilisation of regional and continental financing mechanisms were also highlighted. Speakers called for strengthening African financial institutions and increased use of innovative instruments such as green bonds, sustainability-linked bonds, debt-for-climate swaps, and Africa-friendly carbon market mechanisms.
The Forum stressed that data, transparency and accountability are key. They are fundamental to investor confidence, public confidence, efficiency and implementation and climate justice.
Participants called for enhanced continental coordination, including through the African Union. The AfCFTA was presented as a key platform to link financing climate change to green industrialisation, regional value chains, and structural transformation.
The panels agreed that ECA member states should strengthen domestic resource mobilisation and public financial management systems, put in place integrated and investment-ready portfolios for climate and sustainable development projects, and establish transparent national systems for monitoring climate finance and development.
ECA was invited to strengthen regional monitoring, policy coherence and monitoring of financial commitments, including by assisting member States in translating results the Fourth International Conference on Financing for Development and the Conferences of the Parties in order to develop coherent national financing strategies, implementation plans and measurable results.
Regional and continental institutions were called upon to strengthen financing mechanisms capable of mobilising massive amounts of public and private capital, while ensuring coherence between climate finance and integrated implementation of solutions in the energy, water, transport, industry, cities, health and resilience sectors
International financial institutions and development partners were called upon to support reforms of the International Financial Architecture and to provide financing Climate-enhanced, predictable and concessional measures, including adaptation, loss and damage reduction, and disaster risk reduction.
Both panels highlighted Africa’s ability to lead through reforms, innovation and accountability, as well as the need for supported leadership a well-functioning global financial system. They also stressed the importance of partners aligned with African priorities and financing that meets the requirements for climate resilience and sustainable development.
The United Nations Resident Coordinators in Africa met in Addis Ababa, Ethiopia, to discuss strategies to reduce the risk of dependence on external partners and to strengthen domestic resource mobilisation to promote sustainable development.
The meeting, held on Monday, April 27, 2026, and organised by the Economic Commission for Africa (ECA), the United Nations Development Coordination Office (UNDCO) and the United Nations Development Commission (UNDCO) of the African Union (AUC), was a preparatory event for the African Regional Forum on Sustainable Development, focusing on the African Union’s Domestic Resource Mobilisation Strategy.
Participants at the United Nations Resident Coordinators in Africa meeting in Addis Ababa
This strategy has become critical to financing Africa’s development goals, including the Second Ten-Year Implementation Plan and the 2030 Agenda. Faced with rising financing gaps and debt vulnerability, African countries must mobilise their domestic resources to achieve sustainable development.
Discussions focused on strategies to improve tax policy and administration, combat illicit financial flows, and strengthen the Public financial management – all of which are crucial to strengthen domestic resource mobilisation and support development efforts.
The role of UN Resident Coordinators was also highlighted, highlighting their importance in helping governments align their funding frameworks Agenda 2063 and the Sustainable Development Goals (SDGs).
The main obstacles preventing African countries from mobilising resources for development were identified, including structural and economic factors fragmentation of development networks and institutional weaknesses.
To address these challenges, the meeting proposed six strategic priorities: rethinking development from a political economy perspective, strengthening sovereignty African financial institution, deepening regional integration, redirecting financial resources towards transformative initiatives, strengthening tax administration systems, improving service delivery, and strengthening institutional coordination.
The discussions also highlighted the need for African countries to use development banks and national institutions to effectively mobilise national resources. The African Union Commission (AUC) and the Economic Commission for Africa (ECA) reaffirmed their strong commitment to support the implementation of these recommendations.
The Director of the Strategic Planning, Monitoring and Results Division of ECA, Mr. Said Adejumobi, representing the Executive Secretary of ECA, highlighted the crucial role of domestic resource mobilisation, noting that Africa’s previous ten-year plan failed due to lack of sufficient funding.
The AU’s Director of Strategic Planning and Implementation, Ms. Botho Kebabonye Bayendi, said that the AU and the UN share a funding framework focused on mobilising domestic resources for the realisation of the African Vision. She urged UN Resident Coordinators to support governments and strengthen coordination to deliver on commitments.
The findings and recommendations are intended to guide regional policy decisions and development initiatives, underscoring Africa’s commitment to advancing its development agenda through strong domestic resource mobilisation.
As the world celebrates Workers’ Day on May 1, 2026, informal waste pickers, operating under the aegis of the Association of Scraps and Wastepickers of Lagos State (ASWOL), said they stand in solidarity with workers across all sectors while drawing attention to their “critical yet often overlooked role in society”.
“Every day, thousands of waste pickers work tirelessly across communities, recovering recyclable materials, reducing environmental pollution, and contributing significantly to the circular economy. Despite these contributions, we continue to operate under harsh conditions – facing stigma, low income, lack of social protection, and limited access to health and safety support,” submitted Comrade Friday Oku, the ASWOL President, in a statement made available to EnviroNews.
Comrade Friday Oku, the ASWOL President
He called on government authorities, private sector stakeholders, and the general public to recognise waste picking as legitimate work.
“We urge for inclusive policies that integrate waste pickers into formal waste management systems, ensure fair compensation, and provide access to healthcare, safety equipment, and financial support,” he stated, adding:
“There can be no true sustainability without waste pickers. Our work keeps cities cleaner, reduces landfill pressure, and supports livelihoods. It is time our voices are heard, our dignity respected, and our contributions valued.”
Nigeria is to a host dialogue on mainstreaming climate change adaptation into state development plans, focusing on enhancing climate resilience and fostering private sector participation.
This is contained in a statement issued by Mr. Ibrahim Haruna, the Director of Press, Ministry of Environment, on Friday, May 1, 2026, in Abuja.
He said that the dialogue would also focus on focusing on climate resilience and fostering private sector participation.
Malam Balarabe Lawal, the Minister of Environment
“The Technical Dialogues is scheduled to take place in Abuja, Nigeria, from May 5 to May 7 and is co-hosted by the National Adaptation Plan (NAP) Global Network, Canada and Nigeria, bringing together government representatives from across Africa.
“Participants from Burkina Faso, Cameroon, Central African Republic, Chad, Liberia, Somalia, and South Sudan are taking part in the three-day peer learning event in Abuja.
“The event is focused on strengthening national responses to their unique climate change vulnerabilities and risks and identifying adaptation measures that reduce conflict and actively promote peace.”
According to him, the peer learning event, supported by the NAP Global Network, housed at the International Institute for Sustainable Development (IISD), is unpacking opportunities and challenges on how countries can align their adaptation priorities and actions with peacebuilding frameworks.
“As we grapple with the impacts of climate change, linking adaptation and peacebuilding efforts are high on Nigeria’s climate agenda.”
Also, Dr Iniobong Abiola-Awe, the Director, Department of Climate Change in the Ministry, said that in spite of the challenges, the ministry recognises the urgent need to design conflict-sensitive national adaptation plans.
She added that the plan would align with peacebuilding and development objectives.
“This event represents an opportunity for peer-to-peer learning and exchange to leverage national adaptation plan processes for policy dialogue, trust, and peacebuilding.
“Conflict-affected states and communities, which are acutely vulnerable to the impacts of climate change, might find it challenging to prioritise climate change adaptation while grappling with immediate needs, such as ensuring security, restoring public services, or delivering clean water.
“Inspite of the fragmented responses in conflict-affected settings, several countries are striving to integrate conflict and peacebuilding considerations into adaptation priorities through their NAP processes: a key vehicle to put adaptation at the heart of decision-making.”
Abiola-Awe said that studies have shown that inclusive and effective NAP processes offer an opportunity to integrate conflict dynamics and support peacebuilding objectives into adaptation efforts.
“Many conflict-affected states are also among the most vulnerable to climate change,” she said.
Anne Hammil, the Associate Vice-President for Resilience at the IISD which hosts the NAP Global Network Secretariat, said that the NAP process can help to break this cycle of climate change on conflict-affected states.
“Through this peer learning event, we are aiming to foster open and honest discussions among participants on leveraging the NAP process for peacebuilding.
“The NAP Global Network helps accelerate climate change adaptation efforts around the world by supporting partner countries in advancing their NAP processes.
“Peer learning is a key pillar of the NAP Global Network’s support to countries on NAP processes, and it has engaged more than 1,000 adaptation planners from 84 countries to participate in peer learning.”
The dialogue would include peer learning event with funding from the government of Ireland.
Nigeria’s National Adaptation Plan (NAP) Framework, led by the Federal Ministry of Environment, established a structural, sectoral approach to mitigate climate change impacts across key sectors like agriculture, water and health.
It addresses medium- to long-term adaptation needs, aiming to reduce vulnerability and align with national development goals, such as the Economic Recovery Growth Plan.
The First Conference on Transitioning Away from Fossil Fuels concluded in Santa Marta, Colombia, on Thursday, April 30, 2026, with almost 60 countries addressing what decades of UN climate negotiations have largely avoided: the need to wind down fossil fuel production itself.
Climate Action Network International (CAN), a global network of over 1,900 civil society organisations (CSOs) in more than 130 countries, has welcomed this historic step – and puts governments on notice that civil society will ensure it does not stop here.
Ahead of the summit, CAN co-convened the People’s Summit for a Fossil-Free Future – a three-day mobilisation that brought together frontline communities, trade unions, Indigenous peoples, Afro-descendants, feminists, youth, farmers, fisherfolk, and social movements from across the world. Almost 1,000 organisations united behind a single People’s Summit Declaration, which fed directly into the government dialogue.
Fossil free future campaign
Tasneem Essop, Executive Director of CAN International, said: “The People’s Summit was three days of commitment, energy, and hope that reflected decades of struggle – and a shared conviction that the fossil fuel era can and must end. Almost 1,000 organisations came to Santa Marta not just to bear witness, but to set the terms. Now governments must honour them. CAN International and our member organisations will use every opportunity – nationally and internationally – to ensure this conference lives beyond Santa Marta. The work of implementation begins now.”
Santa Marta builds directly on the landmark agreement reached at COP28, where all governments committed for the first time to transitioning away from fossil fuels. This conference opens the door to the international cooperation and national planning required to make that commitment real – and lays the basis for bringing more governments into the coalition.
The Co-host Takeaways from the Conference fall short of the very substantial proposals brought by civil society – and that gap must be closed, says CAN, calling on governments to ensure that the final conference report – to be released in the coming months – fully reflects the demands of the movements and peoples who came to Santa Marta: Indigenous Peoples, Afro-descendants, feminists, youth, trade unions, farmers, fisherfolk, and social movements who have fought for decades for this moment.
The People’s Summit Declaration deals in demands, not aspirations. Key among them:
An immediate halt to all new fossil fuel licensing, exploration, and approval. No new coal, oil, or gas projects. No public or private financing of expansion.
Time-bound, socially equitable national phase-out plans covering both production and consumption, aligned with 1.5°C, integrated into their national climate plans (NDCs), and subject to independent accountability.
A binding Fossil Fuel Treaty – a legally mandated framework to deliver a rights-based, equitable, and fully funded transition away from fossil fuels, with differentiated responsibilities and clear timelines for Global North and Global South.
Non-debt-creating, grants-based public finance for the transition. No conditional loans. No structural adjustment. No nation – especially in the Global South – should go into debt to phase out the fossil fuels that wealthy countries burned to build their economies.
Immediate exit from Investor-State Dispute Settlement mechanisms that allow fossil fuel companies to sue governments for enacting climate policy – and binding safeguards against fossil fuel lobbying and conflicts of interest across multilateral bodies, including the UNFCCC.
No false solutions. Carbon offsets, Carbon Capture and Storage, ammonia co-firing, and gas as a transition fuel prolong fossil dependence and drain public funds from the decentralised, community-based renewable systems that deliver real emissions reductions – and real economic and social opportunity.
An end to militarism, imperialist aggression, and resource wars. Wars and militarisation account for an estimated 5.5% of global emissions. Redirecting military spending toward the just transition is not only a moral imperative – it is a climate imperative.
CAN also calls for meaningful and equitable civil society inclusion in all future conferences in this process. Structural barriers – visa access, funding, language justice – prevented full participation from the Global South in Santa Marta. This must be addressed as a matter of urgency. Governments must move beyond consultation to genuine co-design, with civil society contributions substantively reflected in all final outcome documents.
Marking the close of the First Conference on Transitioning Away from Fossil Fuels, a range of civil society leaders and climate policy advocates shared their reflections:
Kumi Naidoo, President of the Fossil Fuel Treaty Initiative, said: “From Santa Marta to the Pacific, a new reality is taking shape: this is no longer a one-off moment, but the foundation of an ongoing international process dedicated to phasing out fossil fuels. The agreement to continue under Pacific leadership, with Ireland and Tuvalu co-hosting the second conference now confirmed, marks a decisive shift from stalled negotiations to sustained political direction.
“What is emerging is a process that can finally match climate diplomacy to the scale of the crisis – moving beyond voluntary pledges toward a coordinated, equitable and binding framework to phase out oil, gas and coal extraction. The Pacific has helped turn a historic opening into a standing process, and the task now is to ensure it delivers the legal and political architecture for a just and rapid transition.”
Fernanda Carvalho, Head of Policy for Climate and Energy, WWF International, said: “In this pivotal year for the transition away from fossil fuels, shaped both by the current geopolitical landscape and the momentum since COP30, Santa Marta is a key milestone. The conference shows that international cooperation efforts can be catalyzed even in the most challenging contexts. It is here that the seeds of a new, implementation-focused initiative have been planted.
“In times of an exhaustion of multilateral processes and a gap in delivering the systemic change we need, what is emerging offers a different approach. If improved, this could be a real bottom-up process that centres the voices of communities most affected by fossil fuel extraction and consumption. The outcomes of Santa Marta should reinforce and complement both the UNFCCC climate negotiations and the COP30 Presidency Roadmap, helping to bridge the gap between ambition and action.”
Irene Burga, Climate Justice and Clean Air Director, GreenLatinos said: “The Santa Marta conference, with more than 50 countries participating, marks an important step in creating a global space to advance a fossil fuel phaseout beyond the UNFCCC, where progress has been too slow. At the same time, the absence of the U.S. government is telling. Instead of leading, it continues to expand fossil fuels and uphold systems that fuel conflict, militarisation, and harm. Frontline communities were clear: we need a just transition rooted in rights, reparations, and real accountability. That means moving beyond voluntary commitments toward a legally binding, fully funded pathway to phase out fossil fuels. GreenLatinos stands in solidarity with that call.”
Friederike Strub, Advisor at Recourse, said: “A just transition away from fossil fuels cannot happen without a paradigm shift in our financial system, putting finance and macroeconomics at the service of people and the planet. That means Global North countries paying the climate debt they owe to Southern countries, overturning a financial architecture that only serves creditors and wealthy elites, and cancelling illegitimate debt while working towards a UN debt resolution.
“It means challenging the role of institutions like the IMF and multilateral development banks that continue to lock in a fossil-fuelled system through debt-based climate finance, loan conditionalities, investments in harmful energy projects or false solutions, and a private-finance-first development paradigm.”
Teresa Anderson, Global lead on climate justice at ActionAid International, said: “So many governments expressed real hunger to be free from the economic and climate harm of fossil fuel dependence. This was a watershed moment in which the collective mind became truly focused on the common cause of ending the fossil fuel era.
“What set this conference apart was the willingness to dive into and address the complex challenges of our fossil-fuelled world. The debt crisis, which keeps so many countries trapped on the fossil fuel treadmill against their will, came up repeatedly. Phasing out fossil fuels is not only a matter of energy transition, but also economic transformation, requiring just transitions and climate finance.
“Santa Marta is a major milestone on our journey out of the fossil fuel era. It must set the stage for a new Fossil Fuel Treaty for the countries that are ready to lead the world down this path.”
Bronwen Tucker, Oil Change International Public Finance Lead, said: “In Santa Marta, a line is being drawn – momentum to move beyond fossil fuels is growing and cannot be ignored. Fossil fuel dependence drives economic instability, conflict, and debt, keeping Global South countries locked into a system shaped by Global North financial rules. The leaders here have been clear that a shift away requires planned, government-led national roadmaps and new forms of international cooperation. But this momentum is not yet enough to deliver the needed breakthrough.
“The richest polluting countries must take immediate action to accelerate their transitions at home and show up with meaningful international economic cooperation. A just transition requires breaking the structural barriers – through debt cancellation, scaled-up public finance, and rejecting false solutions – so governments can deliver a transition that works for people, not profit, because the human cost of delay is already being paid every day.”
Shereen Talaat, Founder/Director of MENAFem Movement for Economic, Ecological Justice and Development, and CAN Arab World, said: “The Santa Marta conference, with more than 50 countries participating, opens an important global space for a transition away from fossil fuels. For us in Southwest Asia and North Africa, this transition is not only about energy.
“It is about dismantling a system rooted in extraction, colonial control, and imposed economic dependency. Fossil fuel economies in our region are tied to militarism, occupation, and external control over resources. These are not separate crises. They are structurally linked. This is why voluntary pathways are not enough. We need a legally binding, rights-based, and fully funded treaty with no new oil, gas, or coal expansion.
“A just transition cannot be built on debt. It requires grant-based public finance, debt cancellation, and social protection. False solutions like debt swaps and offsets only delay real change and reproduce inequality. We acknowledge the effort to include civil society, while recognizing that participation remains uneven. This is an area for improvement. Santa Marta can mark a shift. But only if it confronts the colonial and financial systems that sustain fossil fuel dependence and enables a transition grounded in justice, sovereignty, and peace.”
Dr. Sanjay Vashist, Director, Climate Action Network South Asia, said: “After three decades of climate negotiations, Santa Marta marks a turning point ‘much like a long drifting ship finally sets its course’, bringing countries together to begin charting a real pathway away from fossil fuels. Without a clear commitment to phase them out, justice in the ‘transition’ would remain incomplete. The Santa Marta conference stands as a pivotal moment in moving from ambition to action in addressing the climate crisis.”
Javier Andaluz Prieto, Coordinator, Climate Alliance, said: “The world already knows that the exit from fossil fuels is not optional, and for the governments that sit at this table today, it has been a first step, but there is a long way to go to live up to their own words. For this moment to be historic, we need to continue to make progress in future meetings on a binding multilateral framework that curbs the devastating human toll on the fossil fuel economy.
“Santa Marta launches a demand that goes beyond the end of extraction; it is a call for international solidarity, for those who generate it to pay the bill, for the debt that condemns the Global South to depend on fossil fuels to be cancelled, and for the legal shields that, like ISDS, place corporate profit above the rights of the people and peoples who inhabit the territories, to be eliminated.”
“The world already knows that phasing out fossil fuels is not optional, and for the governments sitting at this table today, this has been a first step, but there is still a long way to go before they live up to their own words. For this moment to be historic, we need to continue making progress at future meetings within a binding multilateral framework that puts a stop to the devastating human toll exacted by the fossil fuel economy.
“Santa Marta is making a demand that goes beyond the end of extraction; it is a call for international solidarity, for those who generate the costs to pay the bill, for the cancellation of the debt that condemns the Global South to dependence on fossil fuels, and for the removal of legal safeguards such as ISDS that place corporate profit above the rights of the people and communities inhabiting these territories.”
Isatis M. Cintron-Rodriguez, Director, Climate Trace Puerto Rico, said: “The Santa Marta conference confirmed what we from Puerto Rico and our territories have always understood: the energy transition is not only a socio-environmental issue but an issue of sovereignty. From our violated territories, we know that the fossil economy, militarized geopolitics and colonialism are part of the same problem.
“A just transition that does not confront colonial status, military occupation, illegitimate debt, and necessary reparations is not the transition for us, but a continuation. The Santa Marta conference opens the way in the face of multilateralism in crisis, integrating the People’s Assembly as an official part of it. Although there is still a long way to go to move from consultation to binding, Santa Marta leaves us with hope that a new climate pact, made from the people and not about them, is still possible.”
Dr. Neil Tangri, Senior Director of Science and Policy, GAIA, said: “Santa Marta represents a critical juncture in our ability to tackle global problems. For too long, international efforts have been stymied by a handful of petrostates, determined to profit from the destruction of communities, ecosystems, and climate stability. Now, freed from their interference, a “coalition of the willing” is taking the first steps toward a new world order. The absence of the petrostates is crucial to future progress. Our job is to ensure that the future is not only fossil-free, but just.”
“Santa Marta marks a watershed moment for our ability to address global issues. For decades, international efforts have been hampered by a handful of oil-rich states, dedicated to profiting at the expense of the destruction of communities, ecosystems and climate stability. Now, freed from its interference, a “coalition of the willing” is taking the first steps toward a new world order. The absence of oil states is crucial for future progress. Our task is to ensure that the future is not only free of fossil fuels, but that it is fair.”
Bertha Argueta, Senior Policy and Advocacy Officer for Climate Justice, Eurodad, said: “The transition away from fossil fuels is no longer optional, it is a defining political choice. Colombia’s leadership in convening this first conference is a welcome step forward. But a just transition demands more: developed countries must lead by rapidly phasing out fossil fuels while confronting structural inequalities, from rising debt burdens in developing countries to the urgent need for progressive environmental taxation. We need a legally binding treaty to guarantee a rights-based, fully funded transition away from fossil fuels – one that breaks with privatisation and corporate profit and is driven instead by public policy that prioritizes justice, redistribution, and people over markets.”
“The transition away from fossil fuels is no longer optional, but a decisive policy decision. Colombia’s leadership in convening this first conference is a very positive step forward. But a just transition requires more: developed countries must take the lead by rapidly phasing out fossil fuels and tackling structural inequalities, from the growing debt burden in developing countries to the urgent need for progressive environmental taxation. We need a legally binding treaty that ensures a rights-based, fully-funded transition away from fossil fuels, a transition that breaks with privatisation and corporate profits, and is instead driven by public policies that prioritize justice, redistribution, and people over markets.”
Stela Herschmann, Climate Policy Specialist, Observatório do Clima (Brazil), said: “No country alone is capable of overcoming fossil fuel dependence. Santa Marta marks the beginning of a process that can build many things, from a treaty to end fossil fuels to a coalition of forces for all other necessary forums where we can move forward to dismantle the countless barriers to the transition.”
Rodrigo Estrada, Senior Climate Advisor, Greenpeace International, said: “Amid a tense geopolitical context and worsening climate extremes, Santa Marta helped spark a feeling of renewed energy, but delegates must now follow through to deliver action, not just words. While households struggle with rising costs as the US-Israel war on Iran drives oil and gas profits higher, 57 nations in Santa Marta have also been looking for ways to finance a just transition. That solution starts with permanently taxing the profits, not just windfalls, of fossil fuel majors and replacing this system with renewable energy.”
Svitlana Romanko, Founder and Executive Director, Razom We Stand, said: “Especially for those of us in Ukraine, the problems of fossil fuels are clearly evident in the form of the fossil-funded, imperialist and brutal war that Russia inflicts on us daily. The Kremlin uses its revenues from exports of dirty oil or LNG gas to further its violent expansionist war against people who courageously stand up for freedom and democracy. For us in Ukraine, but also for people across the world, freedom and justice will come much quicker when we have cheap local renewable clean energy to base our economies on.”
Mariana Paoli, Global Climate Policy and Advocacy Lead, Oxfam, said: “The fact that over 50 countries came together to start developing a path to transition away from fossil fuels must be celebrated. The People’s Summit demonstrated that there is no shortage of concrete proposals for how to implement a just transition. Wealthy governments have still not stepped up in providing climate financing that is sufficient for poorer countries, which face the brunt of the impacts of the climate crisis, to transition away from fossil fuels. Rich countries, which hold disproportionate historical responsibility for the climate crisis, must not only move first and faster but also provide finance at scale for others to follow suit.”
Eriel Tchekwie Deranger, Founder, Indigenous Climate Action/The Woven Project, said: “Over the past week, hundreds of people traveled to Santa Marta to engage in dialogue and determine the necessary steps towards addressing one of the most urgent challenges of our time, moving beyond a fossil fuel economy. Fossil fuels, and the colonial systems that drive them, were built without our consent and caused a legacy of deep harm to the climate, biodiversity, human health, and the rights of Indigenous Peoples and frontline communities.
“The new discussion for a just transition away from fossils continues to struggle with what full and effective participation of Indigenous Peoples as distinct rights-holders, consistent with the United Nations Declaration on the Rights of Indigenous Peoples, including self-determination, Free, Prior and Informed Consent, and respect for our lands, territories, knowledge systems, sciences and governance really means. While states and civil society rush to define solutions we want to remind you all that a just transition cannot be built through limited consultation or rushed participation.
“As this process moves forward, we hope future spaces will provide more time, stronger engagement, and clearer pathways for Indigenous Peoples to shape decisions, not only respond to them. We leave this conference with appreciation, but also with a clear call: transitioning away from fossil fuels must not repeat the harms of extraction. It must deliver justice, reparations, and real participation for Indigenous Peoples and frontline communities.”
Sasha Lleshaj, International Just Transition Coordinator, Climate Action Network Canada, said: “Santa Marta called for courage, and the multiple crises we are facing demand nothing less. Civil society from all over the world arrived in Colombia with urgency, hope, and the bold political imagination needed for a future beyond fossil fuels – cancelling debt, ending colonial-era legacies like ISDS, making polluters pay instead of rewarding them with public money, governing the phase-out and fairly distributing its benefits.
“We looked to Canada, with its vast resources and capacity, to show ambition and commitment. Canada showed up—but with timidity. But what started in Santa Marta cannot be stopped, and we’ll continue fighting for Canada to step away from its fossil fuel dependence and extraction at home, and step forward as a real partner in the global just transition.”
Alejandro Alemán, node coordinator of CAN Latin America, said: “The role that Colombia and the Netherlands have played in organising the first international conference to move away from fossil fuels is certainly worthy of recognition and congratulations; from CAN Latin America we hope that the results of this conference will materialise in concrete and effective actions that lead to a just and orderly transition away from fossil fuels.
“We also expect that these results can strengthen the UNFCCC conversations taking place in Bonn in June of this year, and that in turn, the results of this summit can appropriately reflect the recommendations emanating from the People’s Summit, a space to which different global and regional networks and spaces have joined and contributed. For future conferences, we hope that better conditions of participation and fewer visa restrictions can be implemented, especially for activists from the Global South.”
Kathy Mulvey, Climate Accountability Campaign Director, Union of Concerned Scientists, said: “The conference in Santa Marta was a long-awaited and historic step toward creating a global roadmap for a fair, fast, and funded phaseout of fossil fuels that science shows us is necessary. In a space free from the pernicious influence of the profit-seeking fossil fuel industry and even as the Trump administration is trying to upend climate and clean energy progress, more than 50 nations showed up.
“So did representatives of civil society, frontline communities, Indigenous peoples, Afro descendants, social movements, and scientists. We must all nurture the seeds planted here to boost ambition and accelerate action – through the continuation of this process in next year’s conference cohosted by Tuvalu and Ireland, and within the UN FCCC negotiations – toward a healthier, safer, more just world.”
Candy Ofime, Climate Justice Researcher and Legal Adviser, Amnesty International, said: “The Santa Marta conference sent a strong political signal that the age of fossil fuels must end; this newly formed “coalition of the doers” must now turn their commitment into proactive international cooperation to pave the way for rights-based just transitions. The International Court of Justice has made clear that states must phase out fossil fuels in order to keep 1.5°C alive. Therefore, knowledge sharing is not enough. Governments have a legal duty to act now and must choose courage over delay, justice over profit, and people over fossil fuels.”
Chiara Martinelli, Director, CAN Europe, said: “Santa Marta shows that momentum for a fossil fuel phase-out is no longer an abstract concept, it is now politically and socially unavoidable. The political space is expanding rapidly given current geopolitical events, but governments must now translate this into time-bound, science-aligned action to end the fossil fuel era, without delay. If the EU is serious about aligning with science, it must now move beyond general commitments and establish clear, binding fossil fuel phase-out dates and pathways to achieve those.”
Sinéad Loughran, Climate Justice Policy & Advocacy Advisor, Trócaire, said: “Ireland co-hosting the second conference alongside Tuvalu is an important outcome, and a test of whether Ireland will sincerely step up to its climate obligations. Pacific nations are setting the ambition the world needs, and Ireland and other Global North countries must rise to meet their obligations, at home and globally. This next stage is critical to advancing a legally-binding international mechanism to phase out fossil fuels, grounded in equity and justice.
“To truly support this process, the Irish Government must also take urgent action domestically; Ireland cannot claim climate leadership while pursuing new fossil fuel infrastructure, including LNG, at home. However, by aligning national actions with this Pacific-led ambition, Ireland could help deliver a just transition that meets the needs and rights of current and future generations everywhere.”
Dr Ketakandriana Rafitoson, Executive Director, Resource Justice Network, said: “Santa Marta has set something important in motion, and the People’s Declaration we brought there is a reminder that ambition must be grounded in the realities and needs of those who cannot wait: frontline communities, Indigenous Peoples, workers and women in countries most dependent on fossil fuels.
“The new workstreams are a chance to turn political momentum into the reforms that actually matter: debt cancellation, an end to ISDS, and trade, finance and intellectual property rules that give Global South countries real technology access and policy space. That means not just importing affordable clean technologies, but building the energy systems, jobs, skills and local industries that improve people’s lives on the ground: from affordable power to decent work and stronger public services. The ambition is there. Now governments must build the political will, and the delivery architecture, to make it real.”
James Trinder, International Climate Policy Coordinator, CAN Europe, said: “The next phase must focus on delivery. This should include the EU setting concrete timelines for fossil fuel phase-out and advancing structural transformation that ends proliferation of fossil fuels, including windfall taxation on fossil profits, an end to fossil subsidies, and addressing trade and fiscal barriers to phase-out.
“The next target must be a global TAFF roadmap that supports a systemic shift towards locally-led, equitable access to renewable energy, together with these structural measures. The required direction of travel is increasingly clear. The question now is whether governments will move at the speed and scale required.”
David Hillman, Make Polluters Pay, said: “Santa Marta marks a turning point – the end of fossil fuels is now being planned. But it must be a fair transition. Big oil is making huge, crisis-driven profits, and those windfalls should help pay for the shift to clean energy. The public is behind this – now it’s time for governments to act.”
Francisco Ferreira, President of the Board, ZERO – Association for the Earth Sustainability, Portugal, said: “We welcome this political momentum – the participation of over 50 countries opens a vital window to accelerate the transition away from fossil fuels. Now we need concrete and binding commitments: no new oil, gas, or coal expansion; non-debt-creating public finance; and the cancellation of Global South debt. We must end fossil fuel subsidies and industry influence now. The political momentum from Santa Marta will only be meaningful if it translates into clear, legally binding frameworks and financial mechanisms that ensure a just and rapid phase-out of all fossil fuels.”
USCAN Delegation, Shontaé Cannon Buckley, Knellee Bisram, and Analyah Schlaeger dos Santos, said: “USCAN members from the frontlines of the fossil fuel fight were on the ground at the 1st conference transitioning away from fossil fuels. We came to Santa Marta and are leaving with deep hope and optimism. We witnessed youth, Indigenous People, Afro-descendants, women and feminists, and social movements make contributions to the assembly of the people, then the high sector.
“Relationships were deepened with multiple stakeholders and the consensus in those conversations was that while this event was historic, much more needs to be done. We saw a clear path to what the future can bring, and it must involve all!! We must all make it to the finish line together and we must all have an active seat at the table or we all lose. Now the work continues. We want a binding agreement that secures a non-extractable clean energy future for generations to come.”
Susann Scherbarth, Head of Climate Justice, BUND e.V. (Friends of the Earth Germany), said: “This conference is a historic moment: a determined coalition of the willing is now jointly and progressively pushing ahead with the phase-out of all fossil fuels – supported by science, civil society and affected communities. A fossil-free future strengthens energy security and can only succeed through a just energy transition worldwide. Germany must now lead the way – with binding, fair and affordable phase-out plans, a consistent phase-out of gas and a clear no to pseudo-solutions such as CCS. Now is the time to leave blockers behind and turn the departure into decisive action now.”
“This conference marks a historic moment: A determined coalition of the willing is now jointly and proactively driving the phase-out of all fossil fuels—backed by science, civil society, and affected communities. A fossil-free future strengthens energy security and can only be achieved through a just global energy transition. Germany must now take the lead with binding, fair and affordable phase-out plans, a consistent phase-out of gas and a clear rejection of false solutions such as CCS. Now is the time to leave those behind who block the transition away from fossil fuels.”
As Nigeria marks International Workers’ Day 2026 on Friday, May 1, Corporate Accountability and Public Participation Africa (CAPPA) has called on all tiers of government to move beyond symbolic gestures and confront the worsening socioeconomic realities confronting the country’s workers.
In a statement issued Thursday, April 30, CAPPA said this year’s commemoration comes at a time when workers across the country are grappling with soaring living costs, stagnant wages, and deteriorating social protections, conditions that continue to erode dignity, productivity, and quality of life.
CAPPA’s Executive Director, Corporate Accountability and Public Participation Africa (CAPPA) Akinbode Oluwafemi
“May Day should not be reduced to ceremonial speeches,” CAPPA’s Executive Director, Akinbode Oluwafemi, said. “It must be a moment of reckoning. For millions of Nigerian workers, survival has become a daily negotiation with inflation, rising rents, and shrinking real incomes.”
CAPPA highlighted the deepening housing crisis in major urban centres such as Lagos, Abuja, and Rivers State, where the cost of accommodation has surged beyond the reach of average earners, who are now being priced out of cities.
The organisation expressed particular concern over media reports of university lecturers and other public sector workers resorting to sleeping in offices and on campuses, unable to afford rent close to their workplaces.
“That Nigeria’s educators, entrusted with shaping the nation’s future, are compelled to sleep in their offices is an indictment of our economic priorities,” Oluwafemi said. “It underscores a broader housing emergency that demands urgent, coordinated intervention.”
Furthermore, CAPPA called out the Federal Government’s decision to approve land allocation to political appointees, who are yet to even serve the country.
“Ambassadors and High Commissioners-designate are part of the political and administrative elite. Providing them with land allocations, most likely in prime areas of Abuja – raises questions about who benefits from public assets,” CAPPA stated. “In a period defined by acute housing stress for ordinary Nigerians, government decisions on land use must visibly prioritise broad public need over elite benefit. Anything less risks deepening public distrust.”
While acknowledging recent efforts to review the national minimum wage, CAPPA noted that wage adjustments alone are insufficient without parallel measures to tame inflation, regulate housing costs, and expand access to essential services.
“An increase in wages that is immediately swallowed by rent hikes, transport costs, and food inflation offers little real relief,” the statement said. “What workers need is a comprehensive framework that aligns income with the actual cost of living.”
CAPPA also drew attention to the declining state of public services, including healthcare, education, and transportation, which places additional financial burdens on workers forced to seek private alternatives.
The group warned that the continued commercialisation of basic services risks widening inequality and pushing more Nigerians into precarious living conditions.
To address these challenges, CAPPA called for a national housing strategy that prioritises affordable rental schemes and curbs speculative practices in urban property markets.
The group demanded stronger labour protections and enforcement of fair wage standards across both public and private sectors, targeted social investments in healthcare, education, and public transport to ease the cost burden on workers and fiscal policies that prioritise public welfare, including health-promoting taxes and reinvestment of revenues into social services.
“Workers are the backbone of any economy. When they are pushed to the margins, the entire system weakens,” the group added.
Furthermore, CAPPA urged labour unions, civil society, and policymakers to use May Day as an opportunity to reassert the rights of workers and demand accountability from those in positions of power.
“This is not just about commemoration; it is about commitment,” the organisation said. “Nigeria must choose whether it will continue on a path where workers are overburdened and undervalued, or one where their welfare is placed at the centre of national development.”
Reaffirming its solidarity with Nigerian workers, the group called for urgent, sustained action to reverse the current trajectory.
“A nation that neglects its workers undermines its own future,” the statement concluded.
Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions linked to operational disruptions.
In an internal communication to staff, the company said the decision followed an extensive review process and numerous appeals from respected individuals, stakeholders, and the engineers. The refinery noted that while earlier actions were taken to protect operations and uphold organisational standards, it has now opted to offer a second opportunity to the staff.
Dangote Refinery
Under the directive, according to a memo signed by the Group Vice President, Oil & Gas, Devakumar Edwin, all affected personnel will be invited for a meeting and subsequently reassigned to resume duties at the refinery. The recall also covers those who did not take up earlier redeployment options offered by the company.
Management emphasised that the move reflects both a commitment to fairness and a belief in second chances, while reiterating that discipline, professionalism and adherence to corporate values remain non-negotiable.
“This decision was not an easy one. It reflects not only our belief in second chances but also serves as a clear reminder that loyalty, professionalism and adherence to organisational standards are non‑negotiable,” it said. “Effective immediately, all engineers previously redeployed to other business units, will be invited for a meeting and, subsequently, will be provided with an opportunity to render their services at our Petroleum Refinery. This would include those who did not avail the opportunity provided earlier for redeployment”.
The company, however, issued a firm warning that any recurrence of misconduct would attract immediate and decisive sanctions, underscoring its zero-tolerance stance on actions capable of undermining operations.
Dangote Refinery added that it expects the returning engineers to demonstrate renewed dedication as it continues efforts to strengthen operational efficiency and maintain its position as a key player in Nigeria’s oil and gas sector.
“We welcome our colleagues back, with the expectation of renewed dedication, and we look forward to working together to strengthen our operations and deliver excellence in the oil and gas sector,” it added.
Recall that the Dangote Group, in October 2025, redeployed some refinery engineers to other companies within the Group as part of measures to stabilise operations at the time.
The Nigerian equities market closed bullish on Thursday, April 30, 2026, leading to N3.266 trillion gains for investors.
The positive performance was driven by continued demand for industrial, consumer, and energy stocks like: Seplat Energy, Unilever, CAP, FTN Cocoa Processors, UAC of Nigeria and 41 other stocks.
Specifically, the market capitalisation, which opened at N152,728 trillion, added N3.266 trllion or 2.14 per cent to close at N155.994 trillion.
Chief Executive Officer, Seplat Energy Plc, Roger Brown
The All-Share Index also gained 2.14 per cent or 5,072.22 points, to settle at 242,277.81, against 237,205.59 recorded on Wednesday.
As a result, the Year-To-Date (YTD) return increased to 55.69 per cent.
The market breadth closed positive with 46 gainers and 42 losers.
On the gainers’ chart, Seplat Energy, UAC of Nigeria, CAP, Unilever and FTN Cocoa Processors led by 10 per cent each, closing at N11,495, N181.50, N145.20, N137.50 and N5.50 per share respectively.
Conversely, Aluminium Extrusion Industry led the losers’ chart by 9.95 per cent, settling at N9.50, Royal Exchange followed by 9.93 per cent, finishing at N1.36 while Legend Internet lost by 9.32 per cent, ending the session at N5.35 per share.
Also, Austinlaz dropped by 9.12 per cent, closing at N3.39 and Neimeth Pharmaceuticals shed by 7.26 per cent, finishing at N8.30 per share.
Market activity closed on a positive note, as total volume traded surged by 40.33 per cent to 1.87 billion shares, valued at N104.29 billion across 92,353 deals.
Access Corporation led the activity chart by volume, with 934.96 million shares exchanged, representing 49.96 per cent of total trades.
Seplat topped the value chart with transactions worth N25.50 billion, accounting for 24.45 per cent of the day’s turnover.
In a related development Seplat on Thursday announced its unaudited results for the three months ended March 31, 2026, declaring US 9.0 Cents total dividend per share for the period, which is 96 per cent higher than 1Q 2025 payout.
The foremost energy company grew its profit after tax (PAT) to $37.9 million from $23.3 million Year-on-Year with cash generated hitting $243.4 million.
Group production for the period averaged 129,841 barrels of oil equivalent per day (boepd) up 9 per cent since 4Q 2025 (119,200 boepd). Crude and condensate liftings benefitted from the company’s put-option hedge strategy that exposed it to a 100 per cent of price upside, resulting in strong free cash. Gross profit for the period stood at $370.5m.
The Group delivered more than 9.1 million man-hours without Lost Time Injury – 3.0 million hours onshore-operated assets and 6.1 million hours offshore.
Operational highlights
• Production during the first 26 days of April has averaged approximately 153 kboepd, bringing group average daily working interest production for the year to 26 April to approximately 135 kboepd, within FY 2026 guidance.
• Onshore production contribution of 50,700 boepd, down 10% YoY (1Q 2025: 56,267 boepd).
• YoY decline principally due to 38 days unplanned downtime on third-party operated Trans Forcados Pipeline, impacting Western Assets. Pipeline operations resumed on 24 March and Western Assets production has normalised.
• First gas at ANOH in January 2026, contributed working interest volumes of 17.0 mmscfd, planned increase 2Q 2026 onwards.
• Offshore production contribution of 79,141 boepd, up 5% vs. 1Q 2025: 75,478 boepd.
• Idle well restoration programme continued its strong performance, adding 10 kbopd gross JV production capacity from 8 wells.
• NGLs delivered strong growth, WI production of 9,802 bopd (1Q 2025: 3,376 bopd), as EAP continued to perform at high levels.
• Yoho restart on track for 2Q 2026, Oso-BRT 1 gas expansion project on track for 3Q 2026 start up.
• Carbon emissions intensity for Seplat group assets: 41.6 kg CO2/boe improved by 13% YoY (1Q 2025: 47.9 kg CO2/boe), within this onshore operated emissions intensity reduced 24% on 1Q 2025, reflecting the positive impact of our End of Routine flaring programme.
Financial highlights
• Gross revenue $840.7 million up 4% on prior year (1Q 2025: $809.3 million). Realised oil price of $86.16/bbl.
• Onshore operated assets now reporting under PIA, group blended unit royalty rate 14.7% of revenue (1Q 2025 16.2%).
• Unit production operating cost of $17.1/boe (1Q 2025: $12.6/boe), above our $13.5-14.5/boe guidance due to acceleration of planned maintenance activities at Yoho and lower volumes in the quarter, also impacting EBITDA, expected to normalise in subsequent quarters.
• Adjusted EBITDA of $371.3 million (44% margin), down 7% vs prior year (1Q 2025: $400.6 million).
• Cash generated from operations of $337.9 million up 10% from $306.5 million in 1Q 2025.
• Cash capital expenditure of $42.6 million up 6% YoY (1Q 2025: $ 40.2 million). Capex run rate expected to increase 2Q 2026 onwards.
• Balance sheet remains robust, end-March cash at bank $461.7 million (YE 2025: $332.3 million).
• Net Debt at end-March of $531.6 million down 21% on prior quarter (YE 2025: $673 million). ND/EBITDA improves to 0.43x (YE: 0.53x).
• Completed refinancing of our undrawn revolving credit facility (‘RCF’) and upsized to $400 million, cost of borrowing reduced to SOFR plus 4.5% (down from SOFR plus 5% plus CAS), an overall saving of 76 bps.
Dividend
• 1Q 2026 declared dividend of USD 9.0 cents per share, consisting of USD 5.0 c/share base and USD 4.0 c/share special dividend, for a total cost of approximately $54 million. The declared dividend is up 8% QoQ and up 96% YoY.
2026 Outlook
• 2026 guidance reiterated
• Production guidance of 135-155 kboepd (Crude & Condensate: flat, NGL: +85% YoY & Gas: +30% YoY)
• Capex guidance remains $360-440 million, unit operating cost guidance reiterated at $13.5-$14.5/boe
Commenting on the results, Mr. Roger Brown, Chief Executive Officer, said: “The conflict in the Middle East has dramatically changed the outlook for the oil and gas industry in 2026, andquite possibly beyond. Nigeria’s favourable geographic positioning, combined with our oil rich portfolio, which isfully exposed to higher oil prices, and our strong balance sheet, means we are well placed to deliver strong cashflows in 2026. As a result, we have increased our 1Q 2026 dividend to 9.0 cents per share (core: 5.0 cents andspecial: 4.0 cents).
“Production in 1Q 2026, improved QoQ but modestly missed our internal expectations, largely due to unplanned downtime on third-party infrastructure onshore. That said, April to date production has averaged c.153 kboepd, illustrating the potential of our asset base. Notably, this is before the return of Yoho, scheduled to come back onstream before end 2Q 2026, and full ramp-up of ANOH, as such we remain comfortable with our 2026 guidance.
“While the firmer oil price outlook should enhance cash flows its duration is uncertain, as such, we expect to retain our current growth-focused 2026 work programme, which will deliver enhanced asset reliability and overall portfolio growth on route to our 2030 targets. Overall, we have delivered a solid start to 2026, with expectations that 2Q 2026 will see a step forward in performance.”