The Nation Newspaper

Author: The Nation

  • Nigeria, Barbados sign MoU on local pharmaceutical production, regional health security

    Nigeria, Barbados sign MoU on local pharmaceutical production, regional health security

    Nigeria and Barbados have signed a Memorandum of Understanding (MoU) to boost local production of pharmaceuticals and ensure regional health security.

    The Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) signed on behalf of the Federal Government while and Barbados Pharmaceutical Inc. (BPI) signed for its country.

    The signing ceremony, which held in Abuja yesterday, marks a major step in deepening health cooperation between both nations.

    The ministerial endorsement underscored the importance of the MoU.

    The MoU is expected to accelerate local pharmaceutical manufacturing and strengthen regional market access across CARICOM–LATAM, ECOWAS and the AfCFTA.

    It provides a shared framework for the two countries to drive industrial growth, improve drug availability, and enhance regulatory collaboration. The agreement also initiates discussions toward a regulatory reliance arrangement between NAFDAC and Barbados’ emerging Medical Products Regulatory Authority.

    At its core, the MoU aims to establish joint activities that advance local production, strengthen policy reforms, and create financing channels that mirror PVAC’s successful deal-making model.

    READ ALSO; ‘How alleged terrorists’ negotiator, Mamu got N50million for his efforts,’ DSS official tells court

    The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, while endorsing the MoU, reaffirmed the Federal Government’s full support for the partnership.

    He noted that it aligns with President Bola Ahmed Tinubu’s drive to industrialise the health sector, reduce dependence on imports, and strengthen national and regional health security.

    He said: “This visit is beyond symbolism. It’s very substantive. It represents both our collective commitments, Barbados and Nigeria, to address a key gap that has emerged over the last few years in terms of our own national health securities. Not only Nigeria, but I will say shared across the sub-region, but also the continent”.

    He said the delegation’s visit, made possible through AMA’s facilitation, was a significant milestone and assured that Nigeria is fully committed to supporting the implementation of the partnership with AMA going forward.

    “I want to also confirm, when we met in September, Her Excellency Prime Minister Miamoteli really affirmed and conveyed that political will, which from our side also was reciprocated in terms of President Mbola Eme Tsunugu’s intent to ensure that we move steadily hand in hand with you. And the fact that you are here essentially takes us further since that meeting in September,” Pate stressed.

    He emphasised that Nigeria’s growing pharmaceutical market, improved regulatory environment, and expanding primary healthcare utilization create the right conditions for impactful collaboration with global partners like Barbados.

    Dr. Jerome Walcott, the Senior Minister of Health and Wellness, Barbados, described the partnership as a milestone for regional health security, saying: “As a strategic partner, one whose scale, capability and vision aligns with our own pursuit of health sovereignty and industrial transformation.

    “This is not just an agreement between two institutions, it is a commitment between two governments and two regions to shape our own health futures.

    “Both our heads of government, Prime Minister Mia Ammar Motley and the Honorable President, Amit Tenugbo, have spoken powerfully about the need for Global South to stand on its own feet to manufacture the medicines our people need and to reduce our dependency on external supply chains. Today’s MOU brings that vision to life.”

    The Barbados delegation will also engage with AMA Medical Manufacturer and visit existing biomedical facilities, setting the stage for a Barbados-based production hub and future bilateral trade in medical and diagnostic products.

    Speaking further about the MoU, PVAC National Coordinator, Dr Abdu Mukhtar, said: “This is basically a framework for collaboration between us, touching on a number of areas including technical capacity building and human capital development.

    “We are already talking and seeing how we can bring together the Empower Academy that we established to see how that can work, but also issues around regulations.

    “But it is in the process of establishing a national regulatory agency and in that regard they already in discussions with the National Agency for Food and Drug Administration and Control (NAFDAC), they’re going to hopefully sign another MOU with the agency”.

  • Niger is epicenter of security crisis, says IG

    Niger is epicenter of security crisis, says IG

    Inspector-General of Police  Kayode Egbetokun yesterday called for a unified crackdown amid  abductions of schoolchildren.

    He  described  Niger State  as the epicenter of  the country’s escalating security threats.

    He stated this when he visited  Governor Umaru Bago over the abduction of  pupils of St. Mary’s Catholic School  in Papiri, Agwara Local Government Area of the state.

    Egbetokun said that the nation’s security issues have become deep and worrying,  expressing shock over the boldness and brazenness of criminal gangs. He stressed the need for united action in addressing the insecurity confronting the country.

    The IGP said the St. Mary’s case is sad and heartbreaking, stressing that Niger State is very important to Nigeria and needs special focus.

    He said the security agencies, especially the Nigeria Police Force, are carrying the burden of rescuing the abducted children even as 50 of them have been recovered.

    The IGP said that the force has deployed additional tactical assets in the state and expanded their intelligence platforms towards the safe recovery of the remaining school children and their teachers.

    READ ALSO; Shettima returns after G20, AU–EU summits

    Governor  Bago thanked the IG and President Bola Ahmed Tinubu for their prompt response in sending a rescue team to find the abducted school children, adding that the IG’s critical and tactical commands have been doing remarkable work.

    Bago said that more recoveries have been made and expressed optimism that all the children would be recovered, as “no life is worth missing.”

    He enjoined everyone to remain calm and resolute and continue to pray for the nation, adding that the nation’s democracy, sovereignty, and national integrity are being threatened; hence, the need to collectively defend its honour, salvage and bring it back to the path of prosperity.

  • Sanwo-Olu proposes N4.237tr, massive investment in 2026

    Sanwo-Olu proposes N4.237tr, massive investment in 2026

    With a request for legislative approval for N4.237 trillion expenditure in 2026, Lagos Governor Babajide Sanwo-Olu yesterday laid bare the state government’s priorities in the coming year.

    Sanwo-Olu said the budget would be anchored on four key pillars of growth — human-centred approach; modern infrastructure; thriving economy and effective governance – which, he noted, aligned with his administration’s T.H.E.M.E.S+ Agenda and the parastatal monitoring framework.

    The governor, who spoke while presenting the Appropriation Bill, christened: “Budget of Shared Prosperity”, to the House of Assembly, pointed out that next year’s expenditure was designed to widen access to opportunity, deepen social support systems, expand job creation, accelerate infrastructure delivery, and push new frontiers of development.

    Sanwo-Olu unveiled a plan to substantially finance the expenditure from a projected Internally Generated Revenue (IGR) of N3.12 trillion and federal transfer.

    The balance, he noted, would be augmented by issuance of bonds and loans that would be within the State’s fiscal sustainability parameters.

    The N4 trillion budget threshold, according to the governor, reflected the growth of the state’s demands and the need to boost productivity to further energise the economy.

    He earmarked a capital expenditure of N1.372 trillion to Economic Affairs sector — a cluster of key Ministries, Departments and Agencies (MDAs), comprising Tourism and Creative Arts, Agriculture, Transportation, Works and Infrastructure, Industry and Investments, Wealth Creation and Employment, Energy and Mineral Resources, Waterfront Infrastructure, and Commerce.

    Next year, he said the state would be expanding access to quality education, strengthening healthcare, widening social protection and accelerating affordability in housing.

    READ ALSO; ‘How alleged terrorists’ negotiator, Mamu got N50million for his efforts,’ DSS official tells court

    He also said that his administration’s focus would shift from building infrastructure to integrating it, assuring that Lagosians would witness unprecedented interventions in urban renewal and waste management systems in order to bolster the state’s flood resilience.

    Sanwo-Olu said there would be a push for project completion, while advancing smart city solutions for better connectivity, traffic management and public service delivery.

    He added that the state would accelerate economic growth by strengthening MSMEs, encouraging circular economy initiatives, empowering start-ups, advancing innovation across sectors, while supporting women, youth, and older persons living with disabilities.

    Sanwolu-said: “Today, our Lagos stands tall as a continental economic powerhouse, Africa’s second-largest city economy after Cairo in Egypt. This status is no accident; it is the product of consistency, productivity, and the unyielding Lagos spirit.

    Our state is maturing, diversifying, and embracing new frontiers across investment, tourism, technology, and sustainable innovation.

    “As we prepare for the next phase of growth, our mission is to eradicate poverty, expand opportunity, and build a Lagos that works for everyone. This is why the 2026 Budget of Shared Prosperity is anchored on four strategic pillars that align with the evolved T.H.E.M.E.S+ Agenda and the Parastatal Monitoring Framework.

    “The Year 2026 Budget as proposed has a total budget size of N4,237,107,009,308, from which comprises a total revenue of N3,993,774,552,141 and deficit financing of N243,332,457,167. We will push major projects to completion, expand drainage systems, and advance smart city solutions for better connectivity, traffic management, sustainable housing, and public service delivery. Our aim is to fast-track the transformation of Lagos into an engine of opportunity and a global hub for innovation, trade, and enterprise.”

    The 2026 expenditure is made up of recurrent expenditure of N2,052 trillion (representing 48 per cent of the total budget), and a capital expenditure of N2,185 trillion, which represents 52 per cent of the budget.

    Highlighting the sectoral allocation in the budget, the government will be spending N147 billion on security, just as the Governor proposed N249 billion on Education. Health expenditure was raised to N339 billion, while the state planned to spend N236 billion on the Environment.

    Sanwo-Olu earmarked N124 billion for housing, N848 billion for the General Public Service sector, N55 billion for recreation and N70 billion for Social Protection.

    The governor said: “The Year 2026 Appropriation Bill is a reaffirmation of our collective belief that Lagos can continue to rise, continue to lead, and continue to create opportunities for every resident. Next year will be the last full year of our administration, making it a pivotal period for consolidating our legacy and ensuring a strong, successful finish.

    “We remain determined to complete all ongoing and initiated projects, and we will continue to engage Lagosians so that their priorities consistently guide our actions. Having consistently laid solid foundations in the past years, we are now moving into a phase of accelerated impact. The investments we are making are deliberate, inclusive, future-focused, and prosperity-driven.”

    Speaking on the performance of 2025 Budget, Sanwo-Olu said his administration had achieved 81 per cent performance as at September 30, with the actual capital expenditure standing at N1,238 trillion.

    In the outgoing year, Sanwo-Olu disclosed that Lagos secured over N1 trillion investment commitments, noting that the development reflected heightened investor confidence and the impact of our forward-looking industrial agenda.

    Noting that Lagos accounts for more than 40 per cent of Foreign Direct Investments (FDIs) in the country.

     Sanwo-Olu disclosed the reforms embarked upon by President Bola Ahmed Tinubu had created new revenue pathways for Lagos to meet its growing needs, stressing that the President’s Renewed Hope Agenda had been bearing fruits despite the challenges facing the country.

    The Governor thanked the Assembly members for being “dependable partner”, while appreciating the cooperation, oversight and commitment to the greater good of Lagos.

    He also acknowledged the diligence of the State’s workforce for effective execution and implementation of his administration’s vision, which, he said, had produced transformational results for Lagos.

    Speaker Mudashiru Obasa described the proposal as “comprehensive budget”, noting that it aligned with Lagos’ aspirations for growth and development.

    He said the budget prioritised critical sectors fundamental to sustaining Lagos’ position as Africa’s leading economic hub.

    Obasa pledged that the Assembly would thoroughly scrutinise the Appropriation Bill to ensure it matched Lagosians’ aspirations.

    He said: “We have all listened to the Governor who has just explained how the wealth of our state will be utilised for our common good in 2026. The responsibility now lies with this honourable House to meticulously perform its constitutional duty.

    “This Assembly will continue to play its role in complementing the executive’s efforts by enacting laws that enhance the quality of life of our residents, particularly in the areas of socio-economic growth, local government reform, and institutional development.”

  • Rep Betara lauded for leadership, service on 59th birthday

    Rep Betara lauded for leadership, service on 59th birthday

    Chairman of the House of Representatives Committee on the Federal Capital Territory (FCT), Rt. Hon. Muktar Aliyu Betara has been celebrated for his decades of public service as he marked his 59th birthday.

    The Nigeria Union of Journalists (NUJ), Federal Capital Territory Council, led by Chairman Comrade Grace Ike, extended felicitations to Hon. Betara, describing him as a “humble, resilient, and people-centered leader.”

    Since 2007, Betara has represented the Biu, Kwaya Kusar, Bayo, and Shani Federal Constituency, building a reputation for accountability, unity, and community development. 

    READ ALSO: Stakeholders urge fed govt to reform correctional centres

    Under his leadership, the FCT has seen significant infrastructural growth, improved budgetary allocations, and enhanced service delivery, translating into better living conditions for residents of Abuja, Ike said.  

    Beyond governance, she said Hon. Betara’s contributions include the provision of medical equipment, support for youth and women empowerment, aid to vulnerable communities, and development of health centers, ambulances, street lighting, and recreational facilities.

    “Hon. Betara has touched countless lives and continues to do so,” Comrade Ike said, noting that his legacy is one of bridge-building, compassion, and steadfast commitment to national development.

  • CBN: 16 banks meet new capital requirements

    CBN: 16 banks meet new capital requirements

    The Central Bank of Nigeria (CBN) yesterday affirmed that 16 banks have so far met the new capital requirements for their various licences, some four months to the March 31, 2026 deadline.

    The apex bank also indicated that 27 other banks have raised capital through various methods in one of the most extensive financial sector reforms since 2004.

    Addressing journalists yesterday at the end of the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor, Mr Olayemi Cardoso said the banking recapitalisation was going on orderly, consistent with the regulator’s expectations.

    He said: “We are monitoring developments, and indications show the process is moving in the right direction”.

    Nigeria has 44 deposit-taking banks, including seven commercial banks with international authorisation, 15 with national authorisation, four with regional authorisation, four non-interest banks, six merchant banks, seven financial holding companies and one representative office.

    Cardoso explained that eight commercial banks had met the N500 billion capital requirement as of July 22, 2024, rising to 14 by September of the same year. The number has now increased to 16 as the industry continues to race toward full compliance.

    READ ALSO; Shettima returns after G20, AU–EU summits

    He reiterated that the reforms would reinforce the resilience of Nigerian banks both within the country and across the continent.

    “We are building a financial system that will be fit for purpose for the years ahead. Many Nigerian banks now operate across Africa and have been innovative across different markets. These new buffers will better equip them to manage risks in the multiple jurisdictions where they operate,” Cardoso said.

    According to him, the reforms would strengthen the financial sector’s capability to support households and businesses.

    He said: “Ultimately, this benefits Nigerians—our traders, our businesses and our citizens—who operate across those regions. It should give everyone comfort to know that Nigerian banks with deep local understanding are present to support them. Commercial banks are also creating their own buffers through the ongoing recapitalisation”.

    He added that the apex bank considered several factors in determining the new capital thresholds, including prevailing macroeconomic conditions, stress test results and the need for stronger risk buffers.

    He reassured on the regulator’s commitment to strict oversight as the consolidation progresses.

    “We will rigorously enforce our ‘fit and proper’ criteria for prospective new shareholders, senior management, and board members of banks, and proactively monitor the integrity of financial statements, adequacy of financial resources, and fair valuation of banks’ post-merger balance sheets,” Cardoso said.

    He said the CBN remained confident that the banking system would emerge stronger at the conclusion of the recapitalization exercise, with institutions better prepared to support Nigeria’s economic transformation

    Banks have up till March 31, 2026 to beef up their minimum capital base to the new standard set by the apex bank.

    Under the new minimum capital base, CBN uses a distinctive definition of the new minimum capital base for each category of banks as the addition of share capital and share premium, as against the previous use of shareholders’ funds.

    While most banks have shareholders’ funds in excess of the new minimum capital base, their share premium and share capital significantly fall short of the new minimum definition.

    The CBN had in March 2024 released its circular on review of minimum capital requirement for commercial, merchant and non-interest banks. The apex bank increased the new minimum capital for commercial banks with international affiliations, otherwise known as mega banks, to N500 billion; commercial banks with national authorisation, N200 billion and commercial banks with regional license, N50 billion.

    Others included merchant banks, N50 billion; non-interest banks with national license, N20 billion and non-interest banks with regional license will now have N10 billion minimum capital. The 24-month timeline for compliance ends on March 31, 2026. 

    Under the guidelines for the recapitalisation exercise, banks are expected to subject their new equity funds for capital verification, before the clearance of the allotment proposal and release of the funds to the bank for onward completion of the offer process and addition of the new capital to its capital base.

    The CBN is the final signatory in a tripartite capital verification committee that included the Securities and Exchange Commission (SEC) and Nigeria Deposit Insurance Corporation (NDIC). The committee is saddled with scrutinising new funds being raised by banks under the ongoing banking sector recapitalisation exercise.

  • President orders 24-hour aerial watch over Kwara, Kebbi forests

    President orders 24-hour aerial watch over Kwara, Kebbi forests

    President Bola Ahmed Tinubu yesterday ordered a 24-hour aerial surveillance on forests in Kwara, Kebbi and some parts of Niger State in a renewed offensive against insurgency and banditry in the troubled Northcentral and Northeast zones. 

    He ordered a full scale cordon by soldiers who were mandated to displace the terrorists and halt the violence being perpetuated by the abductors.

    The Special Adviser to the President on Media and Public Communication, Sunday Dare, disclosed the presidential directive on his verified X handle, @SundayDareSD.

    He said the President had mandated the Nigerian Air Force to expand air surveillance “across the innermost parts of the forests” where criminal groups are believed to be hiding.

    In compliance with the directive, the Air Force is to maintain an uninterrupted 24-hour aerial watch over the troubled zones and synchronise operations with ground troops already deployed for rescue missions and counter-terrorism actions.

    Dare said the same operational intensity is to be replicated along the Kebbi–Niger axis, where multiple rescue efforts are ongoing.

    READ ALSO; ‘How alleged terrorists’ negotiator, Mamu got N50million for his efforts,’ DSS official tells court

    The instruction comes amid a worrying escalation of insecurity in the Northcentral and Northwest regions, including last week’s mass abduction of worshippers in Eruku, Kwara State, and attacks in parts of Kebbi and Niger that have unleased tension.

    On Sunday, 38 abductees from Eruku in Kwara State were rescued while 51 Niger pupils were reunited with their parents.

    Also, kidnapped Kebbi students have regained freedom.

    But yesterday, bandits attacked Isapa in Kwara State, carting away 11 people, including a pregnant woman and children.

    President Tinubu, who has been receiving continuous updates from the frontline commanders, has directed all military and security formations to adopt an “all-out, no-retreat posture” until the perpetrators are neutralised and every abducted citizen is safely returned.

    Dare noted that the affected communities in the troubled states have also been urged to provide timely intelligence on unusual movements, gatherings or suspicious activities to support the intensified military offensive.

    Last week, the President ordered the withdrawal of police escorts from ‘Very Important Personalities (VIPs)’ to strengthen community-level policing, and the  reinforcement of joint operations in the North.

    Security analysts view the new full-spectrum cordon as an aggressive federal response to the rising wave of rural and peri-urban insecurity, signalling the administration’s determination to restore stability and send a clear warning to armed groups terrorising communities.

    Expectant woman,

    10 others abducted in Isapa

    Three days after the 30 abducted people from Eruku were rescued, bandits have kidnapped 11 people in the neighbourhood Isapa community.

    Among those kidnapped are a pregnant woman and some children.

    According to a community elder, the terrorists  fired sporadically as they advanced, forcing residents to flee for safety.

    He said: “11 people were kidnapped, seven of them from the same household. The victims include a pregnant woman, two nursing mothers and several young children”, he said.

    Eyewitnesses said the gunmen moved through sections of the town, leaving bullet holes in walls and doors.

    Expended AK-47 shells were later recovered from several points in the community after the attackers retreated with their captives.

    The Commissioner of Police, Adekimi Ojo, who confirmed the incident has visited the community for an on-the-spot assessment.

    A statement by the command’s spokesperson, Adetoun Ejire-Adeyemi (DSP), said: “At about 6:30pm of the same date, the command received distress information on sporadic gunfire within the community.

    Swiftly responding, police operatives mobilized patrol vehicles and tactical teams to the scene.

    ”Preliminary findings revealed a group of armed men suspected to be herders invaded the village shooting sporadically.

    As a result, a woman sustained gunshot wound to her leg; she has since been treated and discharged. Further details from police operatives discovered that 10 persons were later abducted.”

    Ejire-Adeyemi added: “The CP met with the Onisapa of Isapaland, Oba Gbenga Adeyeye, and Olokesa of Okesaland, Oba Olu Fagbamila Raphael Olusegun, local and youth leaders; to assure residents of intensified operational efforts to rescue the victims safely and restore confidence in the area.

    ”A search-and-rescue operation is currently underway, involving police tactical teams and local vigilante groups, who are combing the surrounding bushes with the objective of rescuing the victims and apprehending the culprits.

    “Normalcy has been restored in the village, and the situation remains under strict monitoring.”

  • Dangote, Honeywell International seal deal on 1.4mbpd refinery upgrade

    Dangote, Honeywell International seal deal on 1.4mbpd refinery upgrade

    Dangote Group and Honeywell International Inc. have entered into a strategic partnership that will see the expansion of the daily processing capacity of the Dangote Petroleum Refinery to 1.4 million barrels per day (mbpd) by 2028.

    In a statement, Dangote Group stated that the collaboration would provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028, marking a major milestone in its long-term vision to build the world’s largest petroleum refining complex.

    Under the agreement, Honeywell will supply specialised catalysts, equipment, and process technologies that will allow the refinery to process a broader slate of crude grades efficiently and to further enhance product quality and operational reliability.

    Besides, Dangote will also be scaling up its polypropylene capacity to 2.4 million metric tons annually using Honeywell’s Oleflex technology. Polypropylene is a key industrial material widely used across packaging, manufacturing, and automotive applications.

    The group is also progressing with the next phase of its fertiliser growth plan in Nigeria.

    READ ALSO; Shettima returns after G20, AU–EU summits

    “We will increase our urea production capacity from three million metric tons to nine million metric tons annually. The existing plant consists of two trains of 1.5 million metric tons each. The expansion will add four additional trains to meet growing demand for high-quality fertiliser across Africa and global markets,” Dangote stated.

    Dangote assured that it remains fully committed to delivering world-class industrial capacity, strengthening Nigeria’s energy security, and driving sustainable economic growth through long-term investment, innovation, and strategic global partnerships.

    Honeywell, a global Fortune 100 industrial and technology company, offers a wide portfolio of solutions across aviation, automotive, industrial automation, and advanced materials.

    Honeywell’s division UOP has been a technology partner to Dangote since 2017, providing proprietary refining systems, catalyst regeneration equipment, high performance column trays, and heat exchanger technologies that support best-in-class operations.

    President, Dangote Industries Limited and Chief Executive, Dangote Petroleum Refinery, Alhaji Aliko Dangote, had said the decision to expand the refinery capacity was driven by enabling environment created by President Bola Tinubu’s reforms and emerging opportunities across Africa.

    According to him, with growing regional demand for cleaner fuels and Nigeria’s evolving policy environment that encourages local refining, the $20 billion facility, already the largest single-train refinery in the world, will more than double its capacity within the next three years, making it a global leader in petroleum refining and a major driver of Africa’s industrial renaissance.

    He said the refinery will also expand its polypropylene production capacity from 900,000 metric tonnes to 2.4 million metric tonnes per annum, further boosting the output of linear alkylbenzene, a key ingredient in detergent manufacturing, along with additional production of base oils.

    He said: “With this expansion, the refinery transitions from producing Euro V to Euro VI fuel standards, meeting the highest global environmental benchmarks. We will also expand our power generation capacity to 1,000 megawatts, ensuring complete operational self-sufficiency. More than 85 per cent of our workforce will be Nigerians, with continuous investment in skills development and technology transfer. Our commitment to safety, sustainability and local participation remains unwavering throughout every phase of the expansion”.

    He said the expansion reflected the group’s belief in Africa’s potential to achieve energy security and transform its economy from being an exporter of raw crude to a hub for refined petroleum products.

    He estimated that the refinery’s revenue could exceed $55 billion annually, making it one of the most valuable industrial assets on the African continent.

     “This expansion reflects our confidence in Nigeria’s future, our belief in Africa’s potential and our commitment to building energy independence for our continent and the world. It also is about confidence in Nigeria, in Africa and in our capacity to shape our own energy future.

    “It is the dream of President Bola Ahmed Tinubu, for Nigeria to emerge as one of the major suppliers of petroleum products in the world. And with his strong backing through his policies, we are taking on the challenge to make this happen,” Dangote said.

    He said the expansion would be executed over the next three years and would be financed through a mix of cash flow, public listing and strategic investors. When completed, the refinery will surpass India’s Jamnagar Refinery, currently the world’s largest facility, cementing Nigeria’s position as a global refining hub.

    Highlighting the economic impact of the project, Dangote said the expansion would further strengthen Nigeria’s energy security, reduce foreign exchange outflows, and save the country billions of dollars annually that would otherwise go into importing refined products.

    He said: “This expansion will create additional jobs, support thousands of SMEs, and deepen our industrial base. Our goal has never been just to refine oil, but to refine opportunities for our people. It is a vote of confidence in Nigeria, in the reforms of President Bola Ahmed Tinubu’s administration, and in the ability of Africans to build and manage world-class infrastructure”.

    He expressed gratitude to President Tinubu and the Federal Government for supporting industrialisation policies such as Nigeria’s First, Naira-for-Crude and the ‘One-Stop Shop’ initiatives, which he said have emboldened investors to take on transformative projects.

    He also commended the government’s intervention in mediating recent disruptions at the refinery linked to union activity and sabotage attempts, calling it a demonstration of effective collaboration between the public and private sectors.

    Dangote reaffirmed plans to list a significant portion of the refinery’s shares on the Nigerian Exchange (NGX) within the next year, describing it as part of efforts to democratise ownership and allow Nigerians to share in the value creation.

    “Our main listing will be here in Nigeria to give Nigerians value. We want the Dangote Refinery to be the golden stock of the Exchange. Listing outside Nigeria is secondary to us. We want this to be a national asset in every sense. This is a step towards broader ownership and market transparency. Therefore we call on all Nigerians to seize this window, to benefit from this golden opportunity. Our long-term goal remains clear: to build Africa’s leading integrated energy and petrochemical hub, the first of its kind on the continent,” Dangote said.

    He said the refinery’s strong cash flow, profitability prospects and strategic positioning would make it attractive to both local and global investors.

    Despite not yet recouping the initial investment in the 650,000 bpd phase, Dangote said the group is focused on long-term transformation rather than short-term returns.

    He said: “Refining is a long-term project. We are expanding because we believe in Africa. Without this refinery, Nigeria would still be buying dollars at ridiculous rates and depleting our reserves to import fuel”.

    He commended the Federal and Lagos State Governments for their continued support, along with the company’s host community in Lekki and its financial and technical partners.

    He said: “This expansion is not just about capacity; it is about confidence — in our people, in our government and in our continent. Together, we are building a stronger Nigeria and redefining what is possible for Africa”.

  • Tinubu relieved by freedom for 24 abducted Kebbi schoolgirls

    Tinubu relieved by freedom for 24 abducted Kebbi schoolgirls

    • Release facilitated through non-kinetic approach

    • Pupils to reunite with parents today

    The freedom for the 24 Kebbi schoolgirls yesterday, nine days after they were abducted by terrorists, has excited President Bola Ahmed Tinubu.

    The President directed security agencies to intensify operations to free all remaining victims still in captivity.

    The girls, taken away by force at dawn from their hostel in Maga, Kebbi State, got their freedom after days of coordinated search-and-rescue efforts, coordinated by Minister of Defence (State) Bello Mattawale.

    Their abduction sparked a wave of kidnappings in Eruku, Kwara State, where five worshippers were killed, and Papiri, Agwara Local Government in Niger State.

    All 38 worshippers abducted in Eruku were rescued on Sunday.

    On the same day, Niger State Chairman of Christian Association of Nigeria (CAN) announced that 50 of the abducted 315 pupils and members of staff of the Catholic School in Papiri, had returned home to their families.

    President Tinubu, in a statement by his Special Adviser on Information and Strategy, Mr. Bayo Onanuga, lauded security operatives for “all the efforts made to secure freedom for all the victims taken away by the terrorists.”

    The President, however, urged the security forces not to relent, insisting that those still being held must be rescued without delay.

    “I am relieved that all the 24 girls have been accounted for. Now, we must put, as a matter of urgency, more boots on the ground in the vulnerable areas to avert further incidents of kidnapping. My government will offer all the assistance needed to achieve this,” President Tinubu said.

    The President reiterated his administration’s commitment to securing every community in the country.

    He assured citizens that the government would continue to strengthen counter-terrorism operations to prevent future attacks.

    Inspector-General of Police Kayode Egbetokun, who visited Governor Idris yesterday, promised to battle banditry to a halt.

    Schoolgirls rescued after nine days in captivity

    Governor Nasir Idris, who announced the rescue of the abducted pupils, told reporters that they were being conveyed to the state capital, Birnin Kebbi, yesterday, for medical examination ahead of today’s handing over to their parents and guardians.

    READ ALSO; ‘How alleged terrorists’ negotiator, Mamu got N50million for his efforts,’ DSS official tells court

    They are pupils of Government Comprehensive Girls Secondary School in Maga, Danko Wasagu Local Government.

    The vice principal and watchman of the school were killed during the attack.

    The governor said: “We did not pay any ransom to anybody before they were rescued. We have to thank President Bola Ahmed Tinubu for making this possible.”

    He said their rescue was due to the marching order given by the President.

    “The girls were rescued in good time. We have to commend the security personnel who helped us to rescue our girls”, he said.

    The girls got freedom through a non-kinetic approach adopted by the Federal Government.

    National Security Adviser (ONSA) and Department of State Services (DSS) led the security team that facilitated release of the pupils.

    It was learnt that a non-kinetic approach involving dialogue, negotiation, and confidence-building measures, was adopted.

    The successful release of the pupils is a major relief for the affected families and the community.

    Girls rescued unharmed

    Governor Idris, who lauded President Tinubu for his efforts in the rescue process, told reporters that the girls were rescued unharmed.

    He said: “Let me seize this opportunity on behalf of the people of Kebbi State to commend President Bola Tinubu for his concern for Kebbi State.

    “Because since the abduction, Mr President has been up and doing to ensure that these girls are rescued unharmed.

    “Similarly, I want to thank the security agencies, comprising the military, police, DSS, Civil Defence and others for being alive to their responsibilities.”

    The governor noted with joy that the security agencies didn’t take Mr President’s order lightly since the abduction of the girls.

    He assured that the families of the affected victims were on their way to Birnin Kebbi, the state capital, for formal takeover of their children today.

    Idris also lauded the clerics and all other individuals who spent day and night praying for the safe return of the abducted schoolgirls.

  • NUJ FCT Chairman calls for united action to end gender-based, digital violence against women

    NUJ FCT Chairman calls for united action to end gender-based, digital violence against women

    The Chairman of the Nigeria Union of Journalists (NUJ) FCT Council, Comrade Grace Ike, has called for decisive collective action to end gender-based violence as the world marks the 2025 edition of the 16 Days of Activism Against Gender-Based Violence.

    She also expressed concern over the rising threat of digital violence against women and girls, urging stakeholders to treat online abuse with the same urgency as physical violence.

    In a statement on Wednesday, Ike said this year’s campaign aligns with the UNiTE global theme: “End Digital Violence Against All Women and Girls.”

    She said: “I stand firmly in support of the 2025 16 Days of Activism Against Gender-Based Violence campaign and stress the need for all men, women, boys, and girls to work together to end gender-based violence.

    “This year highlights the urgent global focus on ending digital violence against all women and girls under the UNiTE campaign theme. Running from November 25 to December 10, the theme calls for united action to eradicate both physical and digital violence, building safer communities and online spaces for all.”

    Ike shared her personal experience during the NUJ FCT 2024 election period, saying she endured targeted gender-based harassment and intimidation aimed at silencing her voice and undermining her candidacy.

    “This experience underscored how deeply ingrained and harmful gender-based violence can be, extending beyond physical harm to psychological, social, and digital oppression. It reinforced my resolve that no one should endure such abuse, and society must actively dismantle the structures that enable it both offline and online.”

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    She emphasised that violence against women and girls is a profound violation of human rights and a barrier to sustainable development.

    “It affects victims’ health, dignity, and freedom and fractures the social fabric of communities. NUJ FCT urges everyone to reject and report abuse, challenge cultural norms perpetuating inequality, and advocate for safe, respectful spaces in homes, workplaces, and online,” Ike said.

    Highlighting the role of the media, she added: “The media plays a critical role in highlighting the realities of gender-based violence, amplifying survivors’ voices, and demanding justice. NUJ FCT commits to responsible, inclusive reporting that fosters awareness and drives action. Together with partners and the community, we call for stronger legal frameworks, adequate support for survivors, effective policies against digital violence, and widespread education to prevent abuse.”

    Ike concluded: “Let this campaign ignite renewed commitment to shift from words to meaningful change, ensuring our society is free from violence and safe for all. NUJ FCT pledges to champion this cause year-round, recognising that ending all forms of gender-based violence, including digital violence, requires a persistent and united effort. 

    “We call on everyone, men and women alike,  to reject violence, speak out against abuse, and support victims. Together, let us move from awareness to action, building a society where dignity, respect, equality, and safety prevail both offline and online.”

  • NIMENA Chairman calls for stronger local content, youth-centered capacity devt in maritime sector

    NIMENA Chairman calls for stronger local content, youth-centered capacity devt in maritime sector

    The National Chairman of the Nigerian Institution of Marine Engineers and Naval Architects (NIMENA), Engr. Dr. Eferebo I. Sylvanus, has called for a stronger focus on local content, enhanced technical capacity, and youth-driven innovation to build a technically sovereign maritime nation.

    Speaking during a live interview on Arise News TV, Engr. Dr. Sylvanus emphasized that Nigeria’s economic future is closely tied to the strength of its maritime ecosystem. He described Nigeria as “a fundamentally maritime nation blessed with 853 km of coastline, 10,000 km of inland waterways, and one of the most active offshore oil and gas theatres in the world,” adding that the sector could unlock a trillion-naira blue economy if strategically harnessed.

    Engr. Dr. Sylvanus noted that Nigeria remains heavily reliant on foreign technical services — ranging from vessel inspection and classification to offshore engineering and seafarer certification — resulting in billions of naira lost annually.

    “Local content is not just a policy. It is a strategic national imperative,” he said. “Technical sovereignty is the new currency of power, and Nigeria must deliberately build the institutions and engineering capacity to stand on its feet.”

    He reaffirmed NIMENA’s commitment to promoting indigenous shipbuilding, expanding dry-docking capacity, enhancing offshore vessel support systems, and advocating for an indigenous classification body to place Nigerian engineers at the core of vessel design, safety, and standards compliance.

    Addressing skill gaps and manpower shortages, Engr. Dr. Sylvanus highlighted the potential, creativity, and resilience of Nigerian youths.

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    “Our young marine engineers are Nigeria’s priceless asset. They are not the weak link — they are the engine of Nigeria’s future,” he said. “What they need is exposure, structured training pathways, and modern R&D infrastructure to translate their creativity into commercially viable solutions.”

    He outlined NIMENA’s partnerships with universities, maritime academies, shipyards, and private-sector innovators to expand simulation-based training, digital engineering competencies, computer-aided ship design, and hands-on industrial experience.

    The Chairman called for closer collaboration among maritime agencies, including NIMASA, NIWA, NPA, NCDMB, COREN, and the Standards Organization of Nigeria, noting that fragmented regulations hinder growth.

    “Strong maritime nations are built on strong institutions. NIMENA is committed to harmonizing standards, promoting compliance, and ensuring that the sector speaks with one unified technical voice,” he said.

    He highlighted the importance of research, innovation, and commercialization of engineering solutions through initiatives like the Marine & Offshore Technology Development Centre in Rivers State, expanded R&D programmes, and PPP collaborations supporting smart marine solutions, AI-enabled systems, digital twins, and automated vessel technologies.

    “Nigeria cannot continue to import solutions for problems Nigerian engineers can solve. We must invest in research, innovation, and marine technology startups that will define the future of our blue economy,” he added.

    He also advocated for improved sea-time access, updated training curricula, and certification pathways aligned with IMO STCW standards, emphasizing that a globally competitive Nigerian seafaring workforce would boost national revenue and international presence.

    Engr. Dr. Sylvanus concluded by affirming NIMENA’s ongoing commitment to reforms, capacity development, and technical excellence across the maritime value chain.

    “If we strengthen our institutions, empower our youth, harmonize regulations, and invest in innovation, Nigeria will not just participate in the maritime economy — we will lead it,” he said.