Tag: West Africa

  • Nigeria poised to become West Africa’s hub for refined petroleum products – Lokpobiri

    Nigeria poised to become West Africa’s hub for refined petroleum products – Lokpobiri

    The Federal Government has reaffirmed its commitment to positioning Nigeria as the marketing hub for refined petroleum products across West Africa.

    Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stated this during a keynote address at the West African Refined Fuel Market Conference organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

    Speaking at the conference with the theme: “Creating a West African Reference Market for Oil & Gas Products,” the Minister highlighted the government’s strategic drive to support refiners, marketers, and regulators in creating an enabling environment for seamless trading within the region.

    Lokpobiri, in a statement by his Special Adviser on Media and Communication, Nneamaka Okafor, said: “Our ambition is to ensure Nigeria becomes the center of refined product marketing in West Africa.

    “That is why we are giving continuous support to our refiners and stakeholders to stimulate growth and create a world-class trading ecosystem.”

    He noted that the government’s efforts to boost the midstream and downstream sectors are complemented by sustained progress in the upstream segment. “We are witnessing considerable growth across the value chain, and this is no coincidence. It is the result of deliberate policy interventions,” he added.

    Read Also: Lokpobiri: Crude oil production hits 1.8mb/d

    The Minister further commended President Bola Ahmed Tinubu for the bold step in removing fuel subsidy, describing it as a catalyst for downstream sector growth. “The removal of petroleum subsidy is already triggering expansion in the market and encouraging private sector investment,” Lokpobiri affirmed.

    While applauding indigenous operators in the refining space, the Minister called on both local and international investors to seize the opportunity to invest in Nigeria’s refining sector. “By expanding our refining capacity, we won’t just meet domestic demand, we will service the entire West African market and beyond,” he concluded.

  • West Africa must trade its way to prosperity

    West Africa must trade its way to prosperity

    By O’tega Ogra

    For all the ambition that has long swirled around regional integration in West Africa, the reality has remained underwhelming. Trade among ECOWAS member states still lags just below 10%. In an era where continents compete not just on GDP but on supply chains, self-reliance, and economic coherence, that figure is a quiet indictment.

    At the West Africa Economic Summit (WAES) 2025 in Abuja, we saw a region no longer content with aspiration alone. President Bola Ahmed Tinubu, both host and the then ECOWAS Chairman, set the tone from the outset.

    “Intra-regional trade remains under 10 per cent… a challenge we can no longer afford to ignore. The global economy will not wait for West Africa… neither should we.”

    This was not another echo chamber of intentions. It was a summit where delivery was non-negotiable. Nigeria laid its cards on the table through a $15 billion investment pipeline focused squarely on trade-enabling infrastructure from roads, power, and industrial corridors, to digital frameworks.

    The Lagos–Abidjan highway project gained renewed momentum. A dedicated deal room facilitated over $400 million in advanced transactions. And the Pan-African Payment and Settlement System (PAPSS) is finally moving from pilot to real-world scale.

    Perhaps most crucially, the summit underscored that integration cannot happen without identity. As Abisoye Coker-Odusote, CEO of Nigeria’s National Identity Management Commission, said, “Our markets are bustling, our people are trading, but our systems are not speaking to each other.” Her call for cross-border digital identity recognition wasn’t just a technical policy. It was a demand to unlock the informal economy that sustains millions.

    Read Also: Lagos-based travel journalist, Desmond Ike-Chima begins 16-nation West Africa road trip

    WTO Director-General Ngozi Okonjo-Iweala echoed the urgency, noting that the region could unlock a $500 billion trade potential. But trade is not just about volume. It is about velocity. How quickly goods, services, payments, and people can move without friction. And that requires more than declarations.

    It requires the deliberate dismantling of invisible walls between neighbours. WAES 2025 did more than identify the problem. It mapped the solution. Customs harmonisation. Coordinated investment in infrastructure. Youth-focused supply chain finance. A digital ecosystem that finally connects the dots between markets.

    President Tinubu’s closing challenge captured the moment succinctly. “Let us move from declarations to concrete deals… build a West Africa that is investable, competitive, and resilient,” President Bola Tinubu said. If the region rises to meet this challenge, WAES 2025 will not merely be remembered as a conference. It will be remembered as the turning point where West Africa stopped trading with hesitation and started trading with purpose.

    – Ogra is Senior Special Assistant to the President on Digital Media

  • Harnessing economic diplomacy for West Africa’s future

    Harnessing economic diplomacy for West Africa’s future

    • By Akinola Ayobami Steven

    Sir: The West Africa Economic Summit (WAES) held in Abuja on June 20-21, underscored the significance of strategic, cross-border cooperation anchored in shared economic priorities. The summit’s findings emphasized the need for policy alignment, infrastructure connectivity, private sector engagement, and youth empowerment to drive regional development. These themes are intricately linked to the concept of economic diplomacy, which has emerged as a vital component of foreign policy in the 21st century.

    Economic diplomacy involves leveraging trade agreements, investment frameworks, and economic partnerships to build influence, mitigate risk, and pursue geopolitical goals. By forging strategic development partnerships, nations can create new opportunities for growth, influence, and cooperation. In West Africa, economic diplomacy can play a pivotal role in promoting regional integration, enhancing economic resilience, and advancing strategic interests.

    The potential benefits of economic diplomacy for Nigeria and West Africa are substantial. By harnessing economic diplomacy, the region can enhance regional integration and cooperation, increase trade and investment flows, promote economic growth and development, build strategic partnerships with other regions and countries, and advance regional interests and influence global economic policies.

    Read Also: Senate okays Rivers electoral commission chair-nominee amid protest

    The WAES summit highlighted several key strategic reflections that are relevant to economic diplomacy in West Africa. Policy alignment and infrastructure connectivity are essential to unlock intra-regional trade and long-term resilience. Additionally, private capital and entrepreneurship must be more intentionally integrated into regional development strategies. The youth demographic is a powerful asset, but only if supported through sustained investment in education, skills development, and enterprise support. Furthermore, governance and institutional accountability remain decisive factors in the pace and credibility of regional progress.

    In conclusion, economic diplomacy has the potential to play a crucial role in shaping West Africa’s future. By leveraging economic diplomacy, the region can promote regional integration, enhance economic resilience, and advance strategic interests. The WAES summit underscored the importance of strategic, cross-border cooperation anchored in shared economic priorities. By working together and harnessing the power of economic diplomacy, West Africa can achieve its development goals and promote a brighter future for its citizens.

    •Akinola Ayobami Steven,

    Nigerian Institute of International Affairs, Lagos.

  • Nigeria to become medical hub in West Africa

    Nigeria to become medical hub in West Africa

    The Federal Government has disclosed plans to reduce the rate at which Nigerians seek medical care abroad and grow the country’s health sector.

    The Minister of State for Health, Dr. Iziaq Salako, who spoke on Friday at the Nnamdi Azikiwe International Airport (NAIA) in Abuja on arrival from the BRICS conference in Brazil, stated that most nations in the world have similar health challenges.

    He said: “The challenges of most countries in health are similar to the health issues that we also face in our country; neglected tropical diseases like tuberculosis, leprosy and others.

    “There are challenges of non-communicable diseases like hypertension, diabetes, so we had discussions around how to cooperate, how to learn from one another to ensure that we can address some of these challenges”.

    He explained that challenges also around data governance, deployment of artificial intelligence into the health sector, and use of data health systems were considered paramount to the growth of an efficient world health system.

    Read Also: Umahi apologises to Tinubu, Nigerians over collapsed Lafia-Makurdi highway bridge 

    “All these are very useful for us to align because one of the key priorities of President Bola Tinubu is to reverse the direction of medical tourism from outbound to inbound. A lot more can be done in the country.

    “Quite several people who would have gone abroad for health care will now be staying in Nigeria. We also see the possibility of servicing the entire West African region.

    “Nigeria is the only West African country as a member of BRICS, so we see a lot of possibilities around that.”

     As you know, Nigeria became a partner member this year, which is a recognition of the strategic position of Nigeria as a country by the organisation”.

  • Forum unveils West Africa’s health market boom

    Forum unveils West Africa’s health market boom

    The 2025 editions of WHX Lagos and WHX Labs Lagos have concluded on a high note, reaffirming their status as West Africa’s most influential platforms for healthcare innovation, diagnostics, investment, and policy advancement. Now in its 12th year—and newly rebranded from Medic West Africa and Medlab West Africa—WHX delivered a fully integrated experience, gathering thousands of healthcare stakeholders under one roof for a transformative three-day event at the Landmark Centre in Lagos.

    With over 8,000 professional visits and about 500 exhibitors from across Africa and beyond, the 2025 WHX editions demonstrated the region’s growing global relevance in the race toward resilient and patient-centered health systems. Attendees were immersed in cutting-edge diagnostics, AI-powered technologies, advanced medical imaging, and breakthrough pharmaceutical innovations—all of which highlighted the critical need to close healthcare gaps and build stronger infrastructure across the continent.

    Read Also: Tinubu has fulfilled Abiola’s vision for a democratic Nigeria — Shettima

    The event drew policymakers, global health leaders, medical innovators, and industry players. Among dignitaries were Senator Ipalibo Harry Banigo, chair of the 10th Senate Committee on Health; Prof. Akin Abayomi, commissioner for Health; Dr. Iziaq Salako, minister of state for Health and Social Welfare; Njide Ndili, president of Healthcare Federation of Nigeria (HFN); Dr. Pamela Ajayi, founder of Synlab Nigeria; Prof. Christian Happi, molecular biologist from Redeemer’s University; and Donald Ofili, acting Registrar of Medical Laboratory Science Council of Nigeria.

    Declaring the exhibition open, Senator Banigo noted the need for deeper public-private collaboration to build a sustainable health system. She praised WHX for fostering dialogue and partnerships in driving change. Echoing this, Prof Abayomi described the scale and importance of this year’s event: “This is the largest edition yet of WHX Lagos, and its significance grows each year. I commend Informa Markets team for their commitment to this event, which is a key fixture in Lagos State’s health agenda. WHX exemplifies the kind of government-private sector collaboration essential for building an inclusive and forward-looking healthcare system.”

  • Coatings show is our ‘platform for business networking, others’

    Coatings show is our ‘platform for business networking, others’

    For three days, the coatings industry will hold a specialised trade exhibition, West Africa Coatings show, to serve as a key platform for business networking and professional engagement.

     Nigeria’s paints and coatings market is estimated to earn US$2.7 billion in 2025, while growing at an annual rate of four per cent. It is driven by rapid construction, urbanisation and increasing demand for eco-friendly products. Decorative paints dominate the market, while demand for protective coatings rises in the oil, gas and infrastructure sectors.

     Recognising its growth potential and broader economic significance, West Africa Coatings Show held in partnership with Paint Manufacturers Association of Nigeria (PMA), will be held from July 2 at Landmark Centre, Lagos. The event will feature over 100 exhibiting brands from 15 countries.

     The show will attract technical professionals from the coatings industry, offering a platform for manufacturers, raw material suppliers, distributors, buyers and specialists, such as chemists and formulators to connect face-to-face. The show presents an opportunity for networking, knowledge sharing and exploring commercial partnerships.

    Abimbolu Babatunde, chairman of PMA, said: “We’re excited to be partners on this show, especially as the region’s paints and coatings market is growing. With a month to go, this event comes at a time to support innovation, raise industry standards and create commercial prospects for local manufacturers. We see this as the start of a long-term partnership to drive the industry.

    ”Paddy O’Neill, Associate Vice President of The Coatings Group, said: “The launch of the West Africa Coatings Show marks an important step for our portfolio and a timely response to the region’s growing demand for industry connection and innovation. We’re grateful for the strong collaboration with PMA and the support of our sponsors, including CAP Plc and Multichem. With momentum building and the show just a month away, we’re looking forward to bringing the industry together in Lagos and establishing a lasting platform for growth across the West African coatings industry.”

    Read Also: MTN Nigeria begins 21 Days of Y’ello Care

    Attendees will gain insight into the latest processes, share ideas with industry experts and build strong relationships across the West African region. Notable exhibitors include: Brenntag, Multichem Industries, Bühler, Shrine Chemicals, ALLCHEM, Altek, Parco Enterprises Nigeria, Chizzy Nigeria, Samking, Danel Nigeria, Global Chem, Chemflow West Africa among many others.

    Key highlights of the event:

    In addition to the exhibition, West Africa Coatings Show will offer a range of engaging features. These include West Africa Coatings Conference on Day 1 (2nd July), the Business Presentations Hub on Day 2 (3rd July) and Colour Mixology feature, which will run across the three days.West Africa Coatings Conference – This expert-led conference will explore the latest trends, market insights and emerging opportunities within the coatings industry, offering valuable knowledge for professionals across the sector.

    Business Presentations Hub – A dedicated platform where exhibitors can showcase their newest innovations and developments through dynamic and interactive sessions, designed to foster dialogue and business engagement.

    Colour Mixology – Developed in collaboration with Trycolors, this interactive feature enables attendees to experiment with realistic paint mixing and explore a wide range of colour combinations. Open to all visitors, it offers a hands-on, creative experience.

  • Nigeria to host West Africa economic summit in June 2025 – Tuggar

    Nigeria to host West Africa economic summit in June 2025 – Tuggar

    The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has announced Nigeria’s readiness to host the West Africa Economic Summit (WAES) from June 20 to 21, 2025, at the Abuja International Conference Centre (AICC).

    In a statement on Tuesday, Tuggar said the summit, themed *“West Africa Economic Summit: Unlocking Trade and Investment Opportunities in the Region,” will serve as a strategic platform for shaping the region’s economic future.

    He said WAES 2025 will convene Heads of State, Ministers, private sector leaders, development partners, and youth innovators from across West Africa and beyond.

    “As a government, we recognise that sustainable development, peace, and prosperity in West Africa are best achieved through enhanced regional cooperation and economic integration. WAES 2025 reflects this conviction,” Tuggar stated.

    The Minister described the summit as a reaffirmation of Nigeria’s steadfast commitment to the ECOWAS vision of a borderless, peaceful, and economically integrated West Africa. He added that the initiative aligns with the African Union’s Agenda 2063 and the goals of the African Continental Free Trade Area (AfCFTA).

    WAES 2025 will focus on key areas such as cross-border trade and logistics, regional macroeconomic stability, value chain development, and strengthened institutional cooperation, peace, and governance.

    Tuggar noted that the summit is a solutions-driven initiative aimed at creating a harmonised trade policy framework to eliminate barriers to intra-African commerce and investment.

    He added that WAES 2025 also seeks to mobilise resources for critical infrastructure, energy, and logistics; improve the free movement of goods and people; promote inclusive economic growth—particularly for women, youth, and small and medium enterprises (SMEs); and bolster economic resilience through innovation, institutional reforms, and strategic global partnerships.

    Read Also: Why ECOWAS is marking 50th anniversary in Lagos, by Tuggar

    The minister stated, “Will feature Presidential Roundtable and CEO Forum. A high-level dialogue between Heads of State and business leaders, culminating in a Joint Communiqué that articulates shared regional priorities and a concrete plan of action.

    The summit Tuggar further said will provide a platform for Business-to-Government (B2G) and Business-to-Business (B2B) transactions aimed at securing landmark investment deals across strategic sectors including infrastructure, agribusiness, renewable energy, and digital finance.

    He also disclosed that there will be an exhibition of over 100 investment-ready SMEs and regional development projects, fostering cross-border business linkages and reinforcing the role of the private sector in advancing the AfCFTA.

    The youths are not left out of the summit, as the minister stated.

    He pointed out that the Youth and Cultural Empowerment Series will be accommodated in the event.

    “Events such as the West Africa Art Exhibition, Innovation Pitch, and Youth Leadership Panels will showcase the region’s rich creative energy and the ingenuity of our youth,” the minister said.

  • Nigerians pay just 55% of what West Africans spend on petrol – Dangote

    Nigerians pay just 55% of what West Africans spend on petrol – Dangote

    Aliko Dangote, President of the Dangote Group, has said that Nigerians are paying only 55 percent of what their counterparts in other West African countries pay for petrol — thanks to local refining at the Dangote Refinery.

    Speaking during a visit by Omar Touray, President of the ECOWAS Commission, Dangote said the refinery is already having a positive impact on fuel prices and national energy security.

    “In neighbouring countries, the average price of petrol is around $1 per litre, which is N1,600. But here at our refinery, we’re selling at between N815 and N820,” Dangote said.

    “Many Nigerians don’t realise that they are currently paying just 55% of what others in the region are paying for petrol.”

    He said the refinery was built with Nigerians in mind and promised more benefits to come:

    “We also have a much larger initiative in the pipeline, something we’ve not yet announced but Nigerians should know that this refinery is built for them, and they will enjoy the maximum benefit from it.”

    Read Also: Olawepo-Hashim, Dangote, Akpabio, others honoured in Lagos

    Dangote linked the price drop to domestic refining, highlighting its role in reducing dependency on fuel imports:

    “As long as we continue importing what we can produce, we will remain underdeveloped,” he said.
    “This refinery is proof that we can build for ourselves at scale, to global standards.”

    Addressing concerns about production capacity, he noted:

    “The refinery is fully equipped to meet the petroleum needs of Nigeria and the entire West African region… But now, they are here to see the reality for themselves and, more importantly, to encourage other nations to embark on similarly large-scale industrial projects.”

    He further noted that the refinery’s production has already had a tangible impact, particularly with diesel:

    “Last year, when we began diesel production, we were able to reduce the price from N1,700 to N1,100 at a go, and as of today, the price has crashed further. This reduction has made a significant impact across various sectors.”

    Dangote concluded by urging Africa to embrace intra-continental trade and value addition, describing his refinery as a model of economic self-sufficiency for the continent.

  • Air fare in West Africa remains highest globally – ECOWAS

    Air fare in West Africa remains highest globally – ECOWAS

    Air transport fare within the West African sub-region remains the highest anywhere in the world, Mr. Sédiko Douka, ECOWAS Commissioner for Infrastructure, Energy and Digitalization, has said.

    Douka also revealed that recent studies conducted by renowned organizations showed that air transportation within West Africa is still less than 10%, which represents the lowest.

    He said the situation has become a barrier to the integration of the region.

    Douka spoke in Lome on Tuesday at the opening of the Sixth Legislature ECOWAS Parliament Delocalised meeting of Joint Committee of Infrastructure, Energy and Mines, Agriculture, Environment and Natural Resources, with the theme: Air transport as a means of integrating the peoples of West Africa: Strategy for reducing the cost of air ticket.

    He said the ECOWAS leadership is concerned with the situation and has therefore charged the Commission to coordinate and harmonise the air transport policies, programs, and projects of Member States.

    He stressed the importance of the Lome meeting to address the gap, revealing that the meeting has the blessing of the Heads of States and governments.

    He said: “The air tariff in West Africa remains excessively high compared to other countries in the world. In this case, it is less expensive to make the flight to another African country than to travel between two countries in ECOWAS. This situation is counterproductive for the future of the West African region and the collective airspace.”

    He also added: “Recent studies conducted by renowned organisations in 2024 have shown low growth in air transport in West Africa (less than 10%). This, at a time when other regions, for example, record 40.4% for North Africa, 21.4% for Southern Africa, and 20.5% for East Africa. Other comparisons made in terms of domestic flights, intra-African travel, major airlines, and airport size have also shown that West Africa lags far behind these same regions mentioned above.

    “In accordance with Article 32 of the Revised ECOWAS Treaty, the statutory bodies have mandated the Commission to coordinate and harmonise the air transport policies, programs, and projects of Member States. Likewise, to contribute to all initiatives, strategies, and action plans aimed at improving air transport within its territory.

    “In this context, in 2017, the ECOWAS Commission, in collaboration with Member States, conducted a study on a common policy on fees, taxes, and charges in air transport, the final report of which was submitted in 2018 in Accra. 

    “This policy was reviewed through validation workshops held by experts and ministers responsible for air transport from member states in May 2021. Subsequently, a task force was created to reflect on and submit recommendations on (i) updating the status of fees, taxes, and charges, and (ii) the total elimination or reduction of certain taxes and charges. This is in line with international best practices in the air transport sector.

     Furthermore, during the sixty-fifth (65th) ordinary session of the Authority of Heads of State and Government, held on July 7, 2024, in Abuja, Nigeria, the ECOWAS Heads of State and Government noted in the final communiqué the need to make air transport more accessible and affordable by reducing the cost of air travel to support the regional integration agenda.

    “In response to this instruction, a meeting of Ministers responsible for Air Transport was convened on November 8, 2024, here in Lomé. The meeting concluded with modalities for the gradual reduction of taxes, fees, and charges aimed at making air transport more affordable.  Thus, an Additional Act A/SA.2/12/24 6, relating to the common policy on fees, taxes and air transport charges in ECOWAS Member States and its implementation strategy, were adopted by the Ministers and submitted to the Conference of Heads of State and Government of ECOWAS on December 15, 2024, which endorsed them.

    “Our primary concern is to comply with ICAO principles and recommendations on setting charges, which are: (i) non-discrimination between users, (ii) transparency, appropriate pricing for services provided, and (iii) user consultation.

    “The recommendations made by the Ministers to Member States for efficient regional air transport include, among others: Commit to eliminating all taxes in accordance with these ICAO principles and recommendations;

    “Reduce the passenger service charge and the security charge by 25%; Reduce the cost of aviation fuel, etc.

    “All this, with the aim, I say, of making our region efficient in terms of air transport, with its 400 million inhabitants.”

    Read Also: ECOWAS Court to member states: bring justice closer to people

    He also called the meeting to consider the issue of common rules for passenger compensation in the event of denied boarding, cancellation, or significant delays of a flight within the ECOWAS region.

    He further added: “The task now lies in working towards the implementation of these community texts by ECOWAS member states, whose effective implementation start date has been set for January 1, 2026, a 15-month period to allow them to prepare, particularly from a budgetary perspective.”

    The ECOWAS Commissioner also charged Members of Parliament that the region is counting on them “ to implement the community texts that the states themselves initiated and participated in the development, review, and adoption process.”

    He therefore urged them “to engage strongly with member states to raise awareness about the implementation of these additional acts with a view to the sustainable development of air transport in West Africa.”

    “As ECOWAS celebrates its 50th anniversary, it is an opportune time to highlight the organisation’s visibility. While many achievements have been made in various areas/sectors of regional integration, these remain largely unknown to ordinary citizens, either due to a lack of awareness, communication, or simply the highly political orientation given to ECOWAS’s vision by stakeholders. Opportunities such as these allow you, as a Representative of the People, to gain a comprehensive view of the challenges, issues, strengths/weaknesses, opportunities/threats, and sectoral achievements,” he added.

  • Nigeria, UNDP partner to strengthen democratic governance in West Africa

    Nigeria, UNDP partner to strengthen democratic governance in West Africa

    Nigeria and the United Nations Development Programme (UNDP) on Monday held a high-level strategic engagement focused on enhancing democratic governance across West Africa through the Regional Partnership for Democracy (RPD).

    The meeting, which took place at the Ministry of Foreign Affairs headquarters in Abuja, was led by Nigeria’s Foreign Affairs Minister, Yusuf Tuggar, and UNDP Resident Representative in Nigeria, Ms. Elsie G. Attafuah.

    The RPD initiative is designed to promote inclusive, accountable, and resilient democratic systems throughout the West African sub-region.

    In his remarks, Minister Tuggar emphasized the importance of aligning national development strategies with broader regional frameworks to ensure sustainable and effective governance outcomes.

    “Democracy cannot thrive without truth,” Tuggar said, stressing the danger posed by misinformation, disinformation, and the unchecked influence of social media. “When truth becomes blurred, democracy itself comes under threat. The institutions we often criticize for being weak are the very institutions we rely on to safeguard democracy. Strengthening them is not optional—it’s essential.”

    Tuggar underscored Nigeria’s leadership role within the African Union (AU) and reaffirmed the country’s dedication to advancing democratic values and institutional reform in the region. 

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    He also emphasized the importance of collective ownership in sustaining the initiative, calling on all stakeholders to remain committed to building robust governance systems that reflect local realities.

    He praised the efforts of the in-house technical working group of the RPD, delivery units, and the UNDP, noting the milestones achieved so far. 

    Ms. Attafuah expressed appreciation for the Nigerian government’s leadership and reiterated UNDP’s unwavering support for the RPD. 

    She commended the collaborative efforts and emphasised the need for civic participation, noting that Africa’s civil society landscape has evolved uniquely due to factors like colonialism and structural bifurcations in governance.

    “This partnership is not only timely but necessary. The RPD offers a platform for context-specific, African-led responses to the region’s democratic challenges.”