The Nation Newspaper

Author: The Nation

  • FirstBank meets N500 billion regulatory capital requirement

    FirstBank meets N500 billion regulatory capital requirement

    First HoldCo Plc yesterday announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of N500 billion.

    This milestone was achieved following the completion of a series of strategic capital initiatives, including a Rights Issue, a Private Placement, and the injection of proceeds from the divestment of the Group’s merchant banking subsidiary.

    This successful capitalisation underscores strong market confidence in FirstHoldCo Group’s business model, long-term strategy, and growth prospects. With a fortified capital base, FirstBank is positioned to accelerate its support for the real sector, enhance financial inclusion, and deliver innovative, digitally driven customer experiences.

    The recapitalisation strengthens the Group’s overall financial resilience, providing a robust platform for earnings growth through business expansion, technological innovation, and the pursuit of new opportunities.

    Read Also: FirstBank successfully completes N500b capital raise

    In March 2024, the CBN directed commercial banks to raise their capital base to a minimum of N500 billion within a 24-month period to bolster the Nigerian banking sector’s stability and capacity. FirstBank has now fulfilled this requirement well ahead of the regulatory deadline.

    In a related development, FirstHoldCo have expressed its desire to raise fresh funding and inject additional capital into the Group’s existing subsidiaries and new business adjacencies in 2026. This forward-looking commitment is aimed at further enhancing service offerings and facilitating strategic expansion.

    Commenting on the achievement, , Chairman of First HoldCo Plc, Mr. Femi Otedola, said: “On behalf of the Board, I extend our profound gratitude to our shareholders for their trust and unwavering support throughout this capitalisation programme. From the oversubscribed Rights Issue to the seamless Private Placement, investors have demonstrated resounding confidence in our strategic direction. Securing FirstBank’s capital base ahead of schedule is a testament to our collective commitment and positions us firmly for our next growth phase. We also appreciate the professional guidance of the CBN and SEC throughout this process.”

    Group Managing Director of First HoldCo Plc, Mr. Wale Oyedeji, added: “This successful capital raise is a pivotal milestone for FirstHoldCo. It provides us with the financial strength to execute our core strategic priorities: driving innovation, delivering superior customer value, and enhancing sustainable profitability. With this solid foundation, we are focused on accelerating performance, improving competitive returns, and delivering lasting value to all our stakeholders.”

  • Tantita strengthens security, acquires equipment

    Tantita strengthens security, acquires equipment

    Tantita Security Services, a security provider of Nigeria’s oil and gas installations, have contracted a hi- tech security company, Textron Systems, to deliver three uncrewed aircraft that would enhance the company’s capacity to carry out its surveillance operations on Nigeria’ s oil installations.

    Under the contract agreement, which was signed and sealed on December 29th, 2025, mandates Textron Systems, USA, to deliver  three Aerosonde Mk. 4.7 vertical takeoff and landing (VTOL) uncrewed aircraft systems (UAS) to the surveillance company.

    The systems will be delivered in a fully ITAR-Free configuration designed for ease of export to international customers.

    These aircraft will significantly enhance security operations for the protection of Nigeria’s vital oil and gas infrastructure.

    The sale also includes options for training and additional aircraft to support planned capability expansion, building on a previous Foreign Military Sale (FMS) contract to the country.

    Read Also: Itele expresses joy as ‘Koleoso’ tops Nigeria’s 2025 most searched series

    The Aerosonde Mk. 4.7 VTOL UAS offers a runway-independent configuration powered by Hybrid Quadrotor technology, enabling vertical takeoff and landing.

     Its proven performance and benchmark-setting reliability make it an adaptable solution for security operations across Nigeria’s high-risk sectors.

    “The Aerosonde Mk. 4.7 VTOL UAS is a mature, highly reliable, and industry-proven autonomous solution that will provide Tantita Security Services with transformational capability to execute their security operations,” said David Phillips, Senior Vice President, Air, Land and Sea Systems.

    “The Aerosonde system’s demonstrated performance and benchmark-setting reliability will enable the Tantita team to expand its capabilities to protect the oil and gas infrastructure essential to Nigerian security and prosperity.”

    This award builds on support the Aerosonde UAS family of systems have been providing to international customers over the last several years.

    The Aerosonde UAS offers multi-mission capability built upon a family of systems that have amassed over 700,000 flight hours in some of the world’s most challenging environments.

    The system has conducted operations across the globe and currently operates on over 10 U.S. Navy ships. The system is equipped for multiple payload configurations with both VTOL and fixed-wing options.

  • itel partners Pantone to unveil 2026 colour collection in Nigeria

    itel partners Pantone to unveil 2026 colour collection in Nigeria

    itel, a global tech empowerment brand, has partnered with Pantone, the world authority on colour standards, to introduce a limited-edition product collection inspired by PANTONE 11-4201 Cloud Dancer, the official Color of the Year for 2026.

    The partnership was announced in a statement signed by the Public Relations Supervisor of itel Nigeria, Simeon Shagba, who said the collaboration brings the bright white shade, symbolising freshness, energy and vitality into Nigeria’s growing tech and lifestyle space.

    According to the statement, Cloud Dancer, which has already gained global attention in fashion and design circles, has been incorporated into a range of itel accessories, including the itel Buds 5 earbuds, MagSnap 10C power bank and the Classic 2 Pro Hair Clipper.

    Shagba noted that the collection combines Pantone’s clean, luminous aesthetic with advanced functionality designed for young Nigerians.

    Read Also: Itele expresses joy as ‘Koleoso’ tops Nigeria’s 2025 most searched series

    He explained that the itel Buds 5 earbuds offer 32dB active noise cancellation, enhanced bass and up to 32 hours of playback, providing users with immersive audio for daily activities such as commuting and workouts.

    The MagSnap 10C power bank, he added, features magnetic snap-on charging for easy and efficient power boosts, packaged in a sleek and portable design, while the Classic 2 Pro Hair Clipper is precision-engineered to deliver sharp, professional grooming with minimal effort.

    “The collection seamlessly blends international trends with local flair, empowering Nigerian users to bring runway-inspired style into their everyday routines,” the statement said.

    itel also reaffirmed its position as a leading brand in emerging markets, noting that it operates in over 80 countries and ranks as the world’s number one smartphone brand under $75, as well as a top feature phone brand.

    “Cloud Dancer isn’t just a color, it’s a vibe. This launch merges technology, fashion and Nigerian energy for a fresh start to 2026.”

  • We’ll rebuild Kosofe for economic value, says commissioner

    We’ll rebuild Kosofe for economic value, says commissioner

    The Commissioner, Ministry of Waterfront Infrastructure Development, Hon. Dayo Bush Alebiosu, has described recent developments in parts of Kosofe Local Government Area, particularly Oworonshoki, as a deliberate and strategic urban regeneration initiative, aimed at restoring safety, economic value, and sustainable development to the waterfront communities.

    Speaking during a New Year media briefing with journalists at his residence in Lagos, Alebiosu recalled that Oworonshoki was once plagued by persistent violence and insecurity, noting that there was a time residents could not move freely from as early as 7pm due to frequent unrest and criminal activities.

    He explained that the intervention of government agencies, including the Lagos State Building Control Agency (LASBCA), followed due process, with notices duly served where necessary. The Honourable Commissioner emphasized his deep personal connection to Kosofe, describing it as his constituency and hometown by heritage.

    I understand the pain of the people because this is home to me. However, Oworonshoki is specially located, surrounded by water, and there is no reason why we cannot replicate the level of development we see on the Island right here,” he stated.

    Read Also: Economic template for total reset as tax laws take effect

    Alebiosu reiterated that he has never been a proponent of conventional poverty alleviation schemes that focus on the distribution of tools such as clippers and blending machines, stressing instead the importance of long-term, value-driven urban development.

    He recounted historical struggles over land regularisation in Kosofe, noting that areas once under government acquisition were regularised decades ago for minimal fees, which today have appreciated to significant economic value.

    “That is the power of structured development. What we are doing now is laying a foundation for future prosperity,” he said.

    The  Commissioner clarified that the demolition activities in Oworonshoki do not fall under the Ministry of Waterfront Infrastructure Development, but rather under the Ministry of Physical Planning and Urban Development.

    “I am not responsible for demolitions in Oworonshoki. That is not within my purview. However, I have intervened in my personal capacity,” he explained.

    He disclosed that he was present at the Lagos State House of Assembly when affected residents presented their case and further revealed that he, alongside friends, has established a foundation to assist in financing the relocation of families impacted by the demolitions.

    “Some mischief makers may be peddling false narratives, but I refuse to be distracted. My focus remains on delivering the dividends of this administration to the people.” Alebiosu stated.

    Highlighting ongoing and upcoming projects, the  Commissioner announced that channelisation works have been concluded in Agboyi–Ketu, with plans underway to officially launch the jetty in the area. He also revealed that the Bariga Jetty, approved by Mr. Governor, will be converted into a modern fish market, a move expected to boost local commerce and livelihoods. According to him, the regeneration effort will extend through the Ogudu and Bariga axis.

    “My strategy is simple: aim and fire, not shoot and hope. Regeneration is the future,” he declared.

    On environmental sustainability, he  reaffirmed the State Government’s commitment to protecting waterfront resources, particularly sand, through strict enforcement against illegal dredging.

    “We cannot survive with dredging, and we also cannot survive without sand. What is important is regulation, monitoring the volume of sand being pumped daily to protect our environment and future,” he concluded

  • Dangote Refinery’s production lines up, running, says company

    Dangote Refinery’s production lines up, running, says company

    • Firm dismisses shutdown claims, maintains N699/l gantry price

    Dangote Petroleum Refinery has re-emphasised that its production in the 650,000 barrels per day (bpd) capacity refinery in Ibeju-Lekki, Lagos state, remains ongoing, stable and uninterrupted irrespective of routine maintenance on specific units in the facility. The clarification was contained in a statement released by the Refinery management yesterday

    “Dangote Petroleum Refinery continues to operate at scale and retains the capacity to supply between 40 million and 50 million litres of Premium Motor Spirit (PMS) daily through January and February, subject solely to market demand. Current stock levels cover over 20 days of national consumption, effectively dispelling any concerns about supply,” the statement said. It  added that on January 4, the refinery produced 50 million litres of PMS and evacuated 48 million litres via its gantry.

    The refinery clarified that routine maintenance on specific units, including the Crude Distillation Unit (CDU) and Residual Fluid Catalytic Cracking (RFCC), does not interrupt overall production, owing to the sophisticated and integrated design of its processing units. Other critical units, such as the Naphtha Hydrotreater, CCR Reformer, and Hydrocracker, remain fully operational, producing PMS, Diesel (Automotive Gas Oil), and Jet A-1.

    “Dangote Petroleum Refinery confirms that it has consistently maintained adequate PMS availability for the domestic market. From December 16, 2025 to date, the refinery has loaded between 31 million and 48 million litres of PMS daily from its gantry, in line with prevailing market demand. These volumes are fully verifiable against depot loading records maintained by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in the normal course of its regulatory responsibilities,” the statement said.

    Read Also: Dangote -NMDPRA dispute: The real issues

    The refinery also reaffirmed its ex-gantry price of N699 per litre for PMS, available to all marketers and bulk consumers. It encouraged filling stations, large-scale users, and institutional buyers to patronise locally refined products, which are more affordable, reliable, and of high quality, rather than relying on imported alternatives.

    “By sourcing PMS locally at N699 per litre, marketers are better positioned to pass on price relief to consumers, enhance market stability, conserve foreign exchange, and support Nigeria’s broader economic recovery and energy security objectives,” the refinery said.

    Dangote Petroleum Refinery accused fuel importers of promoting false reports to justify recent, unwarranted increases in petrol pump prices, noting that such actions run counter to national interest and impose unnecessary hardship on Nigerians.

    According to the refinery, without domestic refining, petrol prices could rise to as much as N1,400 per litre in a post-subsidy environment, highlighting the stabilising role of local production.

    “Recent price movements further highlight an uncomfortable reality. In the absence of the Dangote Petroleum Refinery, fuel importers would continue to operate without restraint, with petrol prices potentially escalating to levels estimated at up to N1,400 per litre in a post-subsidy environment. The refinery’s operations have therefore served as a critical stabilising force in the downstream petroleum market,” the statement added.

    Reiterating its commitment to energy security and market stability, the refinery said it would continue supplying high-quality petroleum products, maintaining steady availability, and supporting Nigeria’s broader economic growth.

    “Dangote Petroleum Refinery will continue to act in the national interest by supplying high-quality, locally refined petroleum products while supporting Nigeria’s economic stability, energy independence, and industrial growth,” it concluded.

  • Champion Breweries issues N30b 5-year Senior Unsecured Bond

    Champion Breweries issues N30b 5-year Senior Unsecured Bond

    • By Olamide Akintunde

    Champion Breweries Plc has successfully issued its maiden N30 billion 5-year Fixed Rate Senior Unsecured Bond. Rand Merchant Bank acts as Lead Issuing House and Bookrunner on the bond.

    The bond was issued at a coupon of 19.50 per cent, under its N45 billion Bond Issuance Programme. This landmark transaction marks a significant milestone as Champion Breweries continues to expand its footprint and strengthen its position in Nigeria’s beverage industry.

    The Bond Issuance is the first bond to be issued by a player in the breweries sub-sector in Nigeria signalling the company’s ambition to diversify its funding sources, strengthen its capital structure, and position Champion Breweries for sustainable growth in a competitive market.

    Commenting on the Bond Issuance, Chairman of Champion Breweries Plc, Imo-Abasi Jacob said: “The successful Bond Issuance is more than a financing milestone, it is a statement of intent. By accessing the debt capital markets, we have demonstrated the strength of our governance, the resilience of our business model, and the confidence investors place in our long‑term vision”.

    He said the bond issuance is a catalyst for transformation enabling Champion Breweries modernize its production infrastructure, strengthen its capital base, and position Champion Breweries to compete at scale. We are proud to set a precedent in the breweries sub‑sector, and we remain committed to leveraging this momentum to drive innovation, efficiency, and stakeholder prosperity.

    Managing Director/CEO of Champion Breweries Plc, Dr Inalegwu Adoga said: “This successful Bond Issuance reflects investor confidence in Champion Breweries and our strategic direction under EnjoyCorp. With this capital, we are focused on driving operational efficiency and unlocking opportunities that will sustain growth and reinforce our leadership in Nigeria’s beverage market.”

    Executive Director, Rand Merchant Bank Nigeria Limited (RMB Nigeria), Head of Investment Banking Broader Africa, Chidi Iwuchukwu highlighted: “Champion Breweries Plc’s maiden Bond Issuance is a significant milestone for the breweries sub-sector and reflects the increasing depth of Nigeria’s debt capital markets. Rand Merchant Bank is proud to have partnered with Champion Breweries Plc as Lead Issuing House and Bookrunner, leveraging our expertise in credit ratings advisory, transaction structuring, debt advisory, as well as investor and regulatory engagements to deliver seamless execution.”

    Read Also: 2025: PTAD steadies pension payouts, faces old burdens

    Chief Executive Officer of RMB Nigeria, Bayo Ajayi, added:

    “We are proud to have led and advised Champion Breweries through the process of accessing long-term funding from the debt capital markets. This transaction demonstrates the depth and sophistication of Nigeria’s debt capital markets. At RMB Nigeria, we remain committed to structuring solutions that meet our clients’ funding needs while contributing to the development of Nigeria’s capital markets.

    Champion Breweries’ successful issuance sets a strong precedent for future bond issuances from players in the breweries sub-sector.”

    Despite launching the Bond Issuance amidst volatile interest rate environment, the Bond Issuance attracted robust demand from diverse set of institutional investors which included Pension Fund Administrators, Asset Managers, Trustees, a Bank, a Registrar and High Net-Worth Individuals underscoring strong confidence in Champion Breweries’ credit quality and long-term growth strategy under its management team and board of directors.

    The bond proceeds will be strategically allocated to enhance operational efficiency, enabling Champion Breweries sustain growth and deliver long-term value to stakeholders.

  • Olam secures bulk of regulatory approvals for stake sale in Olam Agri

    Olam secures bulk of regulatory approvals for stake sale in Olam Agri

    Olam Group has secured regulatory approvals in most jurisdictions for its proposed sale of a 44.58 per cent stake in Olam Agri Holdings to Saudi Agricultural and Livestock Investment Company (SALIC), bringing the transaction closer to completion.

     The company said it has obtained approvals from all but two jurisdictions, noting that the deal remains subject to the fulfillment of outstanding conditions, including final regulatory clearances. Olam Agri Nigeria Limited, a major subsidiary of Olam Agri, is part of the global Olam Group’s extensive agribusiness operations.

     The update comes almost a year after Olam Group and Olam Agri entered into the $1.8 billion agreement with SALIC in February 2025. In a filing before the market opened, Olam said completion of the proposed sale would occur “as soon as practicable upon the satisfaction of all the conditions.”

     “Olam intends to complete the proposed sale as soon as practicable upon the satisfaction of all the conditions,” the Group’s Co-founder / Chief Executive Officer, Sunny Verghese, said in the bourse filing, while urging investors to “exercise caution” when trading, as the transaction is not yet guaranteed.

    Read Also: 2025: PTAD steadies pension payouts, faces old burdens

     Under the agreement announced in February 2025, Olam plans to dispose of all its remaining shareholdings in Olam Agri in two tranches. The first tranche involves the sale of 44.58 per cent, or about 1.5 billion ordinary shares, to SALIC for approximately $1.8 billion. The transaction implies an equity valuation of about $4 billion for the entire Olam Agri business.

    The first tranche is expected to be completed in the fourth quarter of 2025 and would increase SALIC’s ownership in Olam Agri to 80.01 per cent from about 35.43 per cent currently. Within three years of the completion of this first tranche, Olam will sell its remaining 19.99 per cent stake through a call and put option arrangement.

    As part of its latest financial update, Olam declared an interim dividend of S$0.02 per share, down from S$0.03 per share in the corresponding period a year earlier.

    The group also reported that first-half profit from continuing operations surged by 574 per cent to S$323.8 million, as the business swung back into profitability.

    Regulatory momentum around the deal has gathered pace. The Competition Commission of India has approved SALIC’s proposed indirect acquisition of 44.58 per cent, and up to 64.57 per cent, of the issued share capital of Olam Agri Holdings Limited. The European Commission has also authorised SALIC to acquire sole control of Olam Agri under the EU Merger Regulation, following its agreement to purchase an 80.01 per cent stake for about US$1.78 billion.

    SALIC, a joint stock company incorporated in the Kingdom of Saudi Arabia and wholly owned by the country’s Public Investment Fund, said the investment would strengthen its role in global commodity supply chains and support its mission to bolster global food security.

    The company has investments across farming, procurement and the trading of food commodities, with existing operations in India through LT Foods Limited.

    Olam International Limited operates across the agricultural value chain in 65 countries, including Nigeria. Olam Agri, which is incorporated and headquartered in Singapore, functions primarily as a global merchant and processor of agricultural goods, with activities spanning the entire value chain.

    Beyond the Olam Agri transaction, the group has said it intends to focus on an initial public offering of its other food ingredients business, Olam Food Ingredients (ofi), which was created in early 2020 and accounted for nearly 40 per cent of Olam’s total revenue in the 2024 financial year.

  • Mouka partners healthcare facilities across 15 states

    Mouka partners healthcare facilities across 15 states

    Mouka Limited, manufacturer of household and industrial foam products, and a member of Dolidol International Group, kicked off 2026 with a renewal of its tradition of honouring families welcoming newborns into the world.

    Under the heartfelt initiative, which showcases Mouka’s unwavering commitment to enhancing lives by providing quality sleep from the very start, the company partnered with public healthcare facilities across 15 States.

    The States include Lagos, Oyo, Imo, Rivers, Abia, Enugu, Akwa Ibom, Edo, Gombe, Kano, and Plateau, where the manufacturer of mattresses, pillows and other bedding products celebrated 71 precious babies born at the dawn of the New Year.

    Each family received an array of gifts, including the innovative Mouka Dreamtime Baby Mattresses, thoughtfully designed to provide infants with unparalleled comfort and support, along with pillows, toys, and baby skin care essentials.

    Read Also: Mouka unveils first Comfort Garden in Lagos

    In Lagos, Mouka partnered with the First Lady of Lagos State, Dr. (Mrs.) Ibijoke Sanwo-Olu, to honour the first babies born in 2026.

    The event featured visits to General Hospital Ibeju-Lekki, General Hospital Gbagada and General Hospital Imota, where mothers of newborns received celebratory gifts.

    Among the joyous moments, the first baby of the year was a baby girl delivered to Mr. & Mrs. Daramola at exactly 12:00 a.m. at General Hospital Gbagada, while a baby boy was born to Mr. and Mrs. Mayowa at General Hospital Ibeju-Lekki, also at midnight.

    Mouka’s Managing Director Mr. Femi Fapohunda, passionately reinforced the brand’s mission to nurture healthy sleep habits from infancy. “As champions of quality sleep, we believe that fostering good sleep practices from the very beginning is vital.

    “Our Dreamtime mattress is specially crafted to ensure optimal physical and cognitive development for children,” he stated, adding that the mattress is both water-resistant and breathable, promoting a comfortable sleep environment.

    The joy extended beyond Lagos; in Niger State, at General Hospital Minna, the first baby, born to Mr. & Mrs. Rahma, was delivered at 1:42 a.m., followed just minutes later by baby Jafar at 2:06 a.m.

    Mouka representatives visited hospitals nationwide, spreading happiness and cheer to families welcoming New Year babies, underscoring the brand’s role as a socially responsible force in the community.

    Grateful parents expressed deep appreciation for Mouka’s generous initiatives, which exemplify the company’s commitment to adding meaningful value to Nigerian lives.

    With a legacy spanning over 66 years, Mouka remains synonymous with trusted sleep solutions.

    Their extensive offerings, including the Royal Luxury Pillow Top Mattresses, Wellbeing Orthopaedic Mattresses, Mondeo Firm Spring Mattress, and a variety of premium pillows, are all crafted to ensure Nigerians enjoy restful nights and wake up rejuvenated.

    Fapohunda affirmed that Mouka remains dedicated to sustaining its rich tradition of support and care, paving the way for healthier, happier families throughout Nigeria.

  • Oil up 1% as market assesses Venezuela upheaval

    Oil up 1% as market assesses Venezuela upheaval

    Oil prices jumped by about one per cent yesterday as traders assessed the possible impact on crude oil following the U.S. capture of President Nicolas Maduro of Venezuela.

    Brent crude futures were up 55 cents, or 0.9 per cent per cent, at $61.30 a barrel U.S. West Texas Intermediate crude gained 64 cents, or 1.1 per cent, to $57.96.

    The benchmarks have crept in and out of negative territory in European trading as markets digested news that the U.S. had captured Venezuela’s leader and that Washington would take control of the OPEC member, crude exports of which had been under a U.S. embargo that remains in place.

    In a global market with plentiful oil supply, analysts said that any further disruption to Venezuela’s exports would have little immediate impact on prices.

    Venezuelan oil output has plummeted in recent decades, curbed by mismanagement and a lack of foreign investment after the nationalisation of oil operations in the 2000s.

    Read Also: Venezuela orders nationwide manhunt for supporters of Maduro’s arrest

    Output averaged about one million barrels per day last year, equating to about one per cent of global production. Venezuela’s acting President  offered on Sunday to cooperate with the United States.

    “This reduces the risk for an extended embargo on Venezuelan oil exports, with oil potentially flowing freely out of Venezuela before too long,” said SEB analysts.

    “The oil market is faced with a surplus unrelated to Venezuela. We can see why the market may focus on the bearish angle of more barrels out of Venezuela; we just do not see that happening quickly,” said Bernstein analysts.

    Trump also raised the possibility of further U.S. interventions, suggesting Colombia and Mexico could face military action if they did not reduce the flow of illicit drugs. Analysts are also awaiting Iranian reaction to Trump’s threat on Friday to intervene in a crackdown on protests in the OPEC producer.

    Elsewhere, the Organisation of the Petroleum Exporting Countries and its allies decided to maintain their output on Sunday.

  • Makinde replaces sacked SSG,reassigns commissioner, SAs

    Makinde replaces sacked SSG,reassigns commissioner, SAs

    Oyo State Governor Seyi Makinde yesterday announced an executive council (exco) reshuffle.

    A statement by the Special Adviser (Media), Sulaimon Olanrewaju, says Governor Makinde has relieved the Secretary to the State Government (SSG), Prof. Olanike Adeyemo, of her appointment with immediate effect.

    Prof. Musibau Babatunde has been appointed as the new SSG.

    The statement said Temilolu Ashamu has been moved from the Ministry of Environment and Natural Resources to the Ministry of Budget and Economic Planning.

    Read Also: Makinde’s wife presents gifts, cash to first baby in 2026

    Also, Governor Makinde has announced his Senior Special Assistant on Public Works, Ademola Aderinto, as a commissioner-designate.

    He will consequently be presented to the House of Assembly for screening.

    The statement also announced the appointment of Abiodun Adedoja as Special Adviser on Energy Security and Kolawole Akanmu as Senior Special Assistant on Budget and Economic Planning.