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LCCI hails Dangote on the provision of infrastructure, job creation  

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-R, Lagos Chamber of Commerce and industry (LCCI) Vice President, Engr. Leye Kupoluyi, President of Lagos Chamber of Commerce and industry, ( Dr.) Olawale Cole, Dangote Industries Limited, Group Chief Commercial Officer, Rabiu Umar, Standard Organisation of Nigeria (SON) Director of Marketing, Riechard Adewunmi, at the Launching of Dangote Retail Sugar During the Dangote Group Special Day In the 2022 Lagos International Trade Fair in Lagos on Wednesday 9th November 2022

 

 

Dangote Industries Limited sustained efforts at providing basic infrastructure through various intervention projects have received the commendation of the Lagos Chamber of Commerce and Industry (LCCI). President of the LCCI, Dr. Micheal Olawale-Cole in his remarks yesterday at Dangote Group’s Special day at the ongoing Lagos International Trade Fair said the foremost indigenous conglomerate has contributed significantly in providing solutions to the problems Governments have not been able to solve in areas of food sufficiency, road construction, housing, and energy.

He noted that Dangote Group has been at the forefront of job creation even as its products and services have touched the lives of millions of people across the African continent and beyond.   He enjoined other corporate bodies to toe the line of Dangote in assisting the Government, through the provision of infrastructure, even if it has to be through a tax credit scheme, introduced by the Federal Government.

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Welcoming participants to the special day, Group Chief Commercial Officer, Dangote Group, Rabiu Umar, disclosed that the Group is passionate about deepening the Nigerian economy through industrialisation, job creation, provision and rehabilitation of essential infrastructure, and the welfare of the citizens.  According to him, it is the desire to promote industrialisation that informs our decision to become strategic partners with all the major Chambers of Commerce across the nation.

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He said, “Our participation at all major trade fairs across Nigeria demonstrates our belief that Chambers of Commerce & Industry occupy a unique position in driving economic development through their activities. Lagos Chamber of Commerce & Industry (LCCI) occupies a unique position as the pioneering chamber and has continued to play a ‘significant role in the economic growth of Lagos and Nigeria in general.”

Umar stated that the theme of the fair “Connecting Businesses, Creating Value” resonates with Dangote Group, as all investment decisions are focused on creating value for all stakeholders across the subsidiaries.  He said, “we have invested in several projects which are meant to create jobs and enhance rapid industrialisation of the Nigerian economy.”

Giving an insight into the activities of the subsidiaries, he said that the activities of Dangote Cement have had a multiplier effect, providing direct and indirect employment to millions of people across Africa. He added, “Our food subsidiaries, Dangote Sugar Refinery, NASCON Allied Industries (Dangote Salt), and Dangote Rice are providing jobs through various schemes. Dangote Sugar Refinery, through its out-grower scheme, has provided jobs to thousands of farmers in the host communities. The coming of Dangote Fertiliser has to a great extent helped to change the face of agriculture in Nigeria while the Dangote Petroleum Refinery when functional will drive the development of ancillary industries which will utilize the byproducts as raw materials.”

Dangote Sugar Refinery also unveiled its new retail sugar packs during the event. Head of Sales & Marketing, Dangote Sugar Refinery, Rilwan Olawale Yusuf speaking during the unveiling said the new packs which come in three variants, 1 kg, 500 g and 250 g will improve on-shelf brand visibility and enhance consumer preference for ‘our brand.’  According to him, the new product package will establish a clear differentiation and enhance the attractiveness of the pack.

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Rep. Abubakar Bichi Employs 100 New Islamic School Teachers in Bichi

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The Federal lawmaker representing the Bichi Federal Constituency, Hon. Abubakar Kabir Abubakar Bichi, has inaugurated 100 new Islamic school teachers as part of efforts to strengthen Islamic education in the Bichi Local Government Area of Kano State.

The inauguration ceremony was held on Sunday, 27 September 2026, and marked the fourth batch of School Teachers employed under the lawmaker’s initiative bringing the total of number of teachers engaged through the programme to 600.

Before their employment, the 100 teachers underwent a special examination conducted at the directive of the lawmaker. Those who obtained the highest scores across the 11 wards of Bichi Local Government Area were selected for the teaching positions.

The lawmaker had previously supported the teachers by paying their monthly allowances as volunteers before formally employing them as full-time teachers in Islamic schools across the local government area.

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Prominent Islamic scholars and dignitaries attended the inauguration ceremony, including Sheikh Habibu Dan Almajiri, Chairman of the Kano State Zakkah Commission; Dr. Nazifi Ishak, former Kano State Commissioner for Religious Affairs; Dr. Zahrau Muhammad Umar, former Commissioner for Women Affairs; and Sheikh Sanusi Sharif Bichi.

Also in attendance were the Chairman of Bichi Local Government Area, Alhaji Hamza Sule Maifata; the Director-General of the APC Campaign Council in Bichi, Alhaji Sani Mukaddas, and the Kano State APC Secretary, Prof. Yusuf Muhammad Sabo.

The Islamic scholars and other dignitaries commended Hon. Abubakar Kabir Abubakar Bichi for his efforts towards improving both Islamic and modern education in the Bichi Local Government Area.

Hon. Abubakar Kabir Abubakar has also previously engaged several youths in various sectors, including healthcare, environmental services, education and other community development activities, as part of his efforts to create opportunities for young people across Bichi Federal Constituency and Kano State.

The lawmaker, who serves as the Chairman of the House Committee on Appropriation, has consistently expressed his commitment to youth development and community empowerment through various initiatives across the constituency.

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FG Seeks Fresh $1.5bn World Bank Loans As Nigeria’s Debt Hits N166.79tn

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By Yusuf Danjuma Yunusa

The Federal Government is in discussions with the World Bank for three new loans worth a combined $1.5 billion, even as Nigeria’s total public debt climbed to a record N166.79 trillion by June 2026.

The proposed facilities consist of three $500 million loans targeting climate resilience, social protection and early childhood development.

The first is an additional $500 million for the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project, which would increase its total financing to $1.2 billion. The funds are expected to support land restoration, flood and erosion control, irrigation, water management and other climate-resilience measures across northern Nigeria.

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Another $500 million facility is proposed for the Household Prosperity and Empowerment-Social Protection (HOPE-SP) project. It is designed to support poor and vulnerable households through cash transfers, an improved social registry and stronger social protection systems.

The third $500 million loan would finance the Nigeria Early Childhood Development programme, covering all 36 states and the Federal Capital Territory. The programme aims to improve access to healthcare, nutrition, early learning, childcare, water and sanitation for children aged zero to five.

Meanwhile, figures from the Debt Management Office show that Nigeria’s public debt increased by N14.39 trillion , from N152.40 trillion in June 2025 to N166.79 trillion in June 2026. Domestic debt stood at N91.59 trillion, while external debt was N75.20 trillion.

Nigeria’s debt to the World Bank Group also rose to $20.73 billion by June 2026, accounting for about 38 per cent of the country’s $54.52 billion external debt.

Economist Adewale Abimbola said concessional loans could support development if properly structured and effectively utilised, stressing that the key issue was how the borrowed funds were deployed.

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Report: Nigeria Records N166trn Public Debt

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‎By Yusuf Danjuma Yunusa
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‎The Debt Management Office (DMO) says Nigeria’s total public debt rose to N166.79 trillion as of June 30, 2026.
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‎The DMO published the latest public debt portfolio report on Friday.
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‎The figure represents a 9.4 percent or N14.39 trillion increase from the N152.4 trillion recorded at the end of June 2025.
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‎It also represents an increase of N7.44 trillion or 4.7 percent compared with the N159.35 trillion recorded at the end of the first quarter (Q1) of 2026.
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‎According to the latest report, the debt stock comprises N91.59 trillion in domestic debt, which accounts for 54.91 percent of the total debt stock, and N75.2 trillion in external debt, representing 45.09 percent.
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‎The debt office said domestic debt increased by N11.04 trillion (13.7 percent) from N80.55 trillion recorded in June 2025.
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‎The office said external debt also rose by N3.35 trillion (4.7 percent) from N71.85 trillion in the same period.
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‎According to the DMO, the federal government accounted for N152.77 trillion of the total debt stock, comprising N86.99 trillion in domestic debt and N65.77 trillion in external debt.
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‎On the other hand, states and the Federal Capital Territory (FCT) accounted for the remaining N14.01 trillion — N4.59 trillion in domestic debt and N9.42 trillion in external debt.
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‎In dollar terms, the agency said Nigeria’s total public debt stood at $120.93 billion as of June 30, 2026 — up from $99.66 billion recorded in June 2025.
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‎The DMO said the Central Bank of Nigeria (CBN) official exchange rate of N1,379 per dollar as of June 30 was used to convert the external debt to naira.
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