Connect with us

News

Dangote’s refinery will boost Nigeria’s economy, eliminate scarcity, conserve foreign exchange – Abiodun hails Tinubu

Avatar

Published

on

Ogun State Governor Prince Dapo Abiodun stated that the start of fuel production at the Dangote refinery will boost Nigeria’s economy by addressing frequent fuel shortages and conserving foreign exchange. The refinery, with a capacity of 650,000 barrels per day, is expected to supply petrol to filling stations within the next 48 hours, following the finalization of agreements with the Nigerian National Petroleum Company Limited.

In a statement released on Tuesday by his Chief Press Secretary, Lekan Adeniran, Governor Abiodun highlighted that the refinery’s operation will resolve Nigeria’s long-standing challenge of dependence on fuel imports, which has persisted for over 30 years.

The statement also noted that the upcoming production from the Warri and Port Harcourt refineries will provide additional relief from fuel shortages and offer an economic boost.

Governor Abiodun lauded Alhaji Aliko Dangote for his perseverance in completing the multi-billion-dollar project despite numerous challenges. He also praised President Bola Ahmed Tinubu for his role in facilitating the refinery’s launch and for his commitment to revitalizing other refineries, which he believes will significantly reduce fuel prices once all are operational.

He remarked: “This milestone is transformative not just for you as an entrepreneur but for Nigeria and the wider African continent. The refinery marks a major shift in the region’s energy sector, demonstrating the impact of vision, resilience, and dedication to economic progress.

Advertisement

“The Dangote refinery is set to revolutionize petrol production in Nigeria, addressing the critical issue of our reliance on imported fuel. This dependency has strained our foreign reserves and hindered our path to self-sufficiency.

“Local petrol production will minimize foreign currency outflows, thus strengthening our economy and supporting the President Bola Tinubu-led administration’s goals of economic diversification and reduced dependence on oil exports.

“Beyond fuel production, the refinery is expected to create thousands of jobs, both directly and indirectly, reducing unemployment rates and stimulating growth in related industries. This will invigorate local economies and improve the livelihoods of many Nigerians.

“Furthermore, the refinery will enhance Nigeria’s energy security by meeting a substantial portion of the country’s petrol needs, mitigating the issues of fuel shortages and price volatility. This stability will foster a more favorable business environment, attract foreign investment, and further spur economic growth.”

Advertisement

News

Ousted Gabonese President Ali Bongo Quits Politics, Demands Release Of Family Members

Avatar

Published

on

Former Gabonese President Ali Bongo has officially announced his retirement from partisan politics, a year after being ousted in a military coup.

In a letter to the Gabonese people, Bongo expressed his intention to step back from political life and renounce any future political ambitions. “I wish to reaffirm my withdrawal from political life and the definitive renunciation of any national ambition,” he stated, marking the end of his political involvement.

At 65, Bongo also called for the release of his wife, Sylvia Bongo, and their son, Noureddin, who are currently detained on corruption charges following the coup that removed him from power. His request raises questions about whether he is negotiating with the military for their release in exchange for his political exit.

Bongo’s health has been a significant topic in Gabonese politics since he suffered a stroke in 2018, a condition that influenced the 2023 presidential election, which he won amid accusations of fraud. Shortly after that disputed election, the military, led by General Brice Oligui Nguema, seized control of the country.

The coup was met with condemnation from regional organizations and France—Gabon’s former colonial ruler—but was celebrated domestically as many citizens were frustrated with the Bongo family’s long rule. Ali Bongo had been in power since 2009, succeeding his father, Omar Bongo, who ruled for over 40 years.

Advertisement

Since his release from house arrest, Bongo has remained in Libreville but noted in his letter that his movements are still restricted by the military. “My visits depend on the authorisation of the military. I am isolated from the outside world, without communication or news of my family,” he wrote, expressing frustration over the ongoing surveillance.

He emphasized the dire situation of his wife and son, who face serious allegations. Sylvia Bongo is accused of money laundering, forgery, and document falsification, charges she has not publicly addressed. Her lawyer, Francois Zimeray, has previously described her detention as arbitrary and illegal.

Bongo referred to his family as “helpless scapegoats” and urged the junta to end the “violence and torture” against them, suggesting that their release would be a step toward national healing. He reiterated that his decision to withdraw from active politics also applies to them, expressing his belief that their detention is unjust.

His presidency has been marred by allegations of corruption, with claims that his family enriched themselves while many Gabonese lived in poverty. Despite Gabon’s oil wealth, the UN estimates that one-third of its 2.4 million citizens live below the poverty line. Bongo acknowledged the failures of his presidency, expressing regret that he could not improve the lives of many citizens. “I understand that despite my achievements, too many Gabonese are still suffering, and that is my greatest regret,” he said, hoping the military regime would alleviate the country’s hardships.

General Nguema has maintained a relatively conciliatory stance towards Bongo, stating he is free to travel abroad if he chooses. However, Bongo emphasized in his letter that he would never “pose any threat or trouble during the country’s transition.”

Advertisement

Since the coup, General Nguema has promised free and fair elections and plans to return to a civilian government, though it remains unclear if he will run in the upcoming polls expected next year.

Bongo called for peace and reconciliation, urging leaders and citizens to renounce vengeance. “I call on my country, its leaders, and my fellow citizens to write the next chapter of our history with harmony and humanity,” he stated.

It remains to be seen whether Bongo’s withdrawal from politics will lead to his family’s release, as military authorities have yet to respond to his plea. They have previously denied allegations of torture against his detained family members. In the meantime, Gabon is navigating this transitional period under military leadership.

Continue Reading

News

OFM’s Apostle Suleman Donates ₦110m To Borno Flood Victims

Avatar

Published

on

Apostle Johnson Suleman of Omega Fire Ministries (OFM) has donated ₦110 million to aid victims of the recent devastating flood in Maiduguri, Borno State.

This relief package, which includes cash and essential supplies, aims to assist displaced residents who have lost their homes, farmland, and livelihoods due to the disaster. The donation offers immediate support and fosters hope for rebuilding efforts in the aftermath.

Recognized for his humanitarian and philanthropic work, Suleman’s contribution aligns with his ministry’s mission to help the less fortunate.

The cleric’s spokesperson announced this through a viral video, outlining the first of two batches of relief materials and monetary aid, each valued at ₦55 million. The donation has received widespread acclaim on social media, underscoring Suleman’s dedication to helping those in need.

This act of generosity is part of Suleman’s ongoing philanthropic initiatives, which include contributions to education, healthcare, and economic empowerment. His timely support in Borno State not only provides crucial assistance but also highlights the importance of compassion in times of crisis.

Advertisement
Continue Reading

News

Abia monarch, ex-lawmaker warn South-East against shunning FG’s intervention programs

Avatar

Published

on

The people of the South East have been cautioned against neglecting Federal government intervention programs aimed at alleviating economic difficulties.

Eze Godfrey Onwuka, the traditional ruler of Umutowe autonomous community in Umuahia South LGA, made this statement during a sensitization event organized by the Federal Ministry of Information and National Orientation in Umuahia. He highlighted several programs, including student loans, the Compressed Natural Gas Initiative, and micro and small business loans, which should be embraced rather than left for other regions to benefit from.

Eze Onwuka urged Abia State residents and the wider South East community to take advantage of these Federal government initiatives. He called on the National Orientation Agency (NOA) to work with the Abia State Orientation Agency to promote awareness in both rural and urban areas, helping to change any misconceptions among the people of Abia.

“Our community must start participating in these programs now. If we don’t, we will miss out,” he warned.

Additionally, Jerry Uzosike, a former member of the Abia State House of Assembly, criticized universities in the South East for failing to effectively inform students or upload their data for the student loan scheme. He pointed out that the loan initiative is intended to alleviate the financial burden on parents resulting from the removal of fuel subsidies.

Advertisement
Continue Reading

Trending