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Shareholders associations knock Kogi Govt, say action on Dangote Cement, dangerous for investment

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3 years ago

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Aliko Dangote

 

Group of Shareholders Associations in Nigeria have urged the Federal Government to urgently intervene and prevail on the government of Kogi State to stop further harassment of investors in Kogi State.

They described as barbaric the use of thugs to embarrass investors, such as meted out on Dangote cement and other companies located in Kogi State, noting that such unsavoury development will strongly discourage both local and foreign investments into the country.

It would be recalled that the Government of Kogi State last week, at the instance of the state governor, Yahaya Bello, invaded Dangote Cement, Obajana plant with over 500 armed members of the state’s security outfit, the Vigilantes, shot 27 staff and wounded several others.

President of the Association for the Advancement of the Rights of Shareholders, Dr. Umar Faruk, while speaking on the development criticised the State Government for being so insensitive to its populace, thousands of whom are depending on the Dangote Obajana plant for their means of livelihood. He said it is unfortunate that someone who has championed investment, worth billions of Naira into a state in Nigeria, is being treated this way.

Fuel scarcity: IPMAN, NNPC allay fears of Nigerians

He called on the Federal Government to, as a matter of urgency, caution the Governor of Kogi State to be more civilized and professional in its dealing with Investors in the State. According to him: “Why should the governor of a state in Nigeria, mobilized vigilantes to seal a publicly quoted company? The same Governor did exactly the same thing to First Bank, making the bank close some of its branches in the state. Is that not executive rascality, using the state assembly to commit such an atrocious act?

“Federal Government should swing into action by protecting investors, else, the efforts being made to attract both foreign and local investors will come to naught. I hope the state realizes that Dangote Cement has foreign shareholders. What impression do you want these people to have of our government? I also urge the Federal Government to fish out those thugs, used by the State, for prosecution, so as to serve as a deterrent to others…This action will lead to loss of revenue, even for the Government, in terms of taxes, and erode the shareholder’s value.”

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In the same vein, founder of the Independent Shareholders Association of Nigeria (ISAN) and President of Boys Brigade Nigeria (BBN), Sir Sunny Nwosu said a reasonable state government would have gone to court against any publicly quoted company rather than resort to a barbaric and ruthless method of chasing workers with guns and cutlass in the civilized age.

“What the Kogi State Government did, honestly was very bad and disappointing. How can a state use vigilante with guns and cutlasses against a company that is feeding thousands of its people? A reasonable government should have gone to Court and not taken laws into its hands.

“This action is bad and will smear the image of both the Federal and State government. It will also affect the ranking of ease of doing business in Nigeria. Kogi is blessed with so many natural resources, but with the attitude of this government, I doubt if any reasonable investor, either local or foreign, will want to do anything with the state anymore”

The President, Pragmatic Shareholders Association, Mrs. Bisi Bakare said: “As an investor, we are not happy about the way things are going. If the State has problems with Dangote Cement on tax issues or any issue at all, there are a far better-civilized ways of handling it than sealing a factory that is contributing more than 30 percent of the cement Nigerians are consuming.

“The governor should realize that his position is transient and that the people of his state, whom he has deprived their means of livelihood will always remember him for bad! Can you imagine the number of people that will be out of jobs and the huge revenue loss to the government, the company, and us, the shareholders? The state, to me, has done a very grave mistake and the earlier the company is re-opened the better.”

Recalled that the Organised Private Sector (OPS) operators under the aegis of the National Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA) have lent its voice to the ongoing spat between Dangote Cement and Kogi state government which culminated into the closure of the Obajana plant of the Cement company.

NACCIMA expressed regret that the issues between the company and the state over tax disputes ought not to have led to sealing of the company but should have been resolved in a conciliatory and amicable atmosphere.

The body, in a statement signed by its Director-General, Olusola Obadimu, and issued in Lagos, said the state government should have trodden a path of caution and called for the immediate reopening of the factory for normal production activities to resume.

Obadimu stated that NACCIMA’s position was based on some key considerations bordering on the impact of the factory’s closure on the economy and thousands of people whose means of livelihood depend on the production activities of the factory.

“It is vital to note that it is a huge production plant that supplies key domestic input (cement) into the economy and employs hundreds of thousands of Nigerians, directly and indirectly. This is aside from its substantial budget for corporate social responsibility outside of taxes.

“Shutting off the factory does not necessarily help the controversial issue of compliance on tax remittable to Kogi state government. Rather a continuous operation of the plant

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Political Re-alignment Efforts in Kano Intensify as Governor Yusuf Meets Kwankwaso and Tinubu

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3 hours ago

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January 11, 2026

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By Yusuf Danjuma Yunusa

A series of high-stakes meetings aimed at reshaping the political landscape in Kano State and at the national level unfolded this week, centering on Governor Abba Yusuf and his political mentor, Rabiu Kwankwaso.

According to Daily Nigerian, governor Yusuf held a late-night meeting with Kwankwaso at the latter’s Miller Road residence in Kano on Tuesday, sources familiar with the matter confirmed the development to the newspaper. The governor, accompanied by an intermediary known as Sarkin Gobir, reportedly arrived in a private vehicle around midnight. The meeting, which lasted over an hour, appears to have concluded without the governor achieving his primary objective.

Shortly thereafter, on Friday, Governor Yusuf traveled to France for a scheduled meeting with President Bola Tinubu.

According to sources within the ruling All Progressives Congress (APC) who spoke anonymously to the Daily Nigerian, Governor Yusuf’s mission was to make a final appeal to Kwankwaso to defect from the New Nigeria Peoples Party (NNPP) and join the APC. This move is believed to have been encouraged by President Tinubu, who is reportedly keen on bringing Kwankwaso into the ruling party’s fold.

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A day after the private meeting, Kwankwaso addressed a gathering of supporters at his home, making his position clear. “People used to say in Nigeria that everyone has a price tag. If you are looking for who has no price tag, come to Rabiu Kwankwaso,” he declared. He cited public dissatisfaction with the APC’s handling of national security and the economy as reasons for his steadfastness.

Political Calculus and Backlash

The governor’s planned defection has reportedly encountered significant resistance. While a number of NNPP legislators and local government chairmen are set to join him in moving to the APC, the vast majority of the party’s grassroots base—the Kwankwasiyya movement—remains loyal to Kwankwaso.

“APC leaders are keenly observing what is happening in Kano. The Kwankwasiyya supporters have made a bold and clear statement that they are with Kwankwaso,” a political insider noted. “If Abba joins APC, Kwankwaso’s candidate may likely get a sympathy vote.”

This grassroots backlash is understood to be a key factor driving the continued push to convince Kwankwaso himself to switch parties, thereby potentially bringing his supporters with him.

Next Steps

Sources further revealed to Daily Nigerian that Governor Yusuf will brief President Tinubu in France on the outcome of his Kano meeting. The governor’s formal announcement of his defection to the APC is expected only after further consultations with the party’s top leadership in Kano.

Notably, key Kano APC figures—including former Governor Abdullahi Ganduje, Deputy Senate President Barau Jibrin, and state party chairman Abdullahi Abbas—have returned to Nigeria ahead of these anticipated consultations.

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BUA’s Rabiu Pledges Over $1 Million to Super Eagles Ahead of AFCON Victory in Semi-final, Final

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5 hours ago

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January 11, 2026

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BUA’s Rabiu Pledges Over $1 Million to Super Eagles Ahead of AFCON Victory in Semi-final, Final

By Yusuf Danjuma Yunusa

Nigerian industrialist and Chairman of BUA Group, AbdulSamad Rabiu, has pledged a major financial incentive to the Super Eagles following their 2025 AFCON quarter-final victory over Algeria. The announcement, made via his official Facebook account, aims to spur the team to greater heights as they advance in the tournament.

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Rabiu has committed a performance-based reward package for the upcoming critical matches. For a semi-final win against hosts Morocco, the team will receive $500,000, plus an additional $50,000 for every goal scored. Should Nigeria reach and win the final, the reward escalates to $1,000,000, with a further $100,000 bonus per goal.

In his message, Rabiu stated: “Congratulations to our Super Eagles players on a brilliant victory against Algeria! You have lifted the spirit of the nation, and we proudly cheer you on as you prepare for the semi-finals.” He added his wishes for “continued success as you carry Nigeria forward.”

The Super Eagles, buoyed by a 2-0 win against Algeria, now prepare for a highly anticipated semi-final clash in Morocco. Rabiu’s substantial pledge serves as a significant motivational boost as the squad continues its pursuit of the AFCON title.

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Federal Government Enforces No Work, No Pay Policy on Striking Health Workers

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1 day ago

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January 10, 2026

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By Yusuf Danjuma Yunusa

The Federal Government has mandated the immediate implementation of the “No Work, No Pay” policy against striking members of the Joint Health Sector Unions and Assembly of Health Care Professionals (JOHESU).

The directive was issued via a circular from the Federal Ministry of Health and Social Welfare (FMoHSW) on Saturday.

Addressed to Chief Medical Directors and Medical Directors of all federal health institutions, the circular was signed by Dr. Disu Adejoke, Director of Hospital Services, on behalf of the Coordinating Minister of Health and Social Welfare. The order is a direct response to the ongoing JOHESU industrial action, which began on November 14, 2025.

Effective January 2026, the policy will apply to all participating JOHESU members and any other staff who join the strike. Hospital managements have been instructed to ensure strict compliance with the policy.

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While enforcing the sanction, the Ministry directed health institutions to maintain critical services—including accident and emergency care, labour wards, and intensive care units—using all lawful means. This may include hiring temporary locum staff. The circular explicitly states that staff willing to work must be allowed to do so “without hindrance or intimidation.”

Hospital authorities are also tasked with ensuring security within their facilities and providing regular updates to the Ministry on the strike’s impact on healthcare delivery. The government reaffirmed its commitment to preserving essential health services nationwide despite the industrial action.

Expert Warns of Systemic Risks

In a related interview with the News Agency of Nigeria (NAN), Abuja-based public health expert Dr. Gabriel Adakole described the government’s move as a legally justified measure to end the strike. However, he highlighted serious implications for Nigeria’s already strained health system.

“JOHESU members—including nurses, pharmacists, laboratory scientists, and allied health professionals—are essential to hospital operations. Their absence critically weakens service delivery, even where emergency units remain open,” Adakole stated.

He cautioned that relying on emergency-only care and locum staff cannot replace full multidisciplinary services, which raises risks to patient safety and treatment outcomes. The policy, he added, could exacerbate financial hardship for health workers, further demoralize the workforce, and accelerate the ongoing exodus of medical professionals from Nigeria.

“Ultimately, patients bear the greatest cost through delayed treatments and reduced access to care,” Adakole emphasized.

While acknowledging that the “No Work, No Pay” policy may compel a quicker resolution, he stressed that lasting stability in the health sector requires meaningful dialogue, trust-building, and sustained investment in both health workers and infrastructure.

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