News
We are proud of Dangote-Tinubu
The Dangote Group yesterday received a significant accolade from President Bola Ahmed Tinubu, who expressed Government’s position over the company’s numerous strides in Nigeria and across Africa.
The Presidential recognition comes at the heels of several honours and awards received by the company for creating thousands of jobs and touching lives.
President Tinubu who visited the Dangote’s compartment at the ongoing 29th Nigerian Economic Summit in Abuja said: “You are doing well. Keep doing the good things you are doing. Keep investing in Nigeria.”
Dangote is the biggest employer of labour after the government, and one of the continent’s biggest philanthropists.
In his speech earlier while declaring the annual summit open, the President had called on the private sector operators to join in the development of the Nigerian economy, adding that the country can only develop through collaborative effort.
Experts who spoke at the Summit said Nigeria was waiting for the Dangote Refinery, expressing optimism that it would bring about a significant boost to the nation’s economy.
Speaking at a Panel titled: ‘Unlocking our Competitive Advantage’, Group Managing Director of the Dangote Industries Limited, Mr. Olakunle Alake said it is gladdened that President Tinubu Government understands the role of the of the private sector, while reinforcing the need for collaboration.
Mr. Alake said Nigeria must grow it economy and especially the manufacturing sector to be able to play a pivotal role in the Africa and Continental Free Trade Area(AFCFTA).
He identified weak productive sector, lack of requisite skills and lack of infrastructure as impediments to the smooth take off of AFCFTA.
He said even though AFCFTA is not the solution to the Nigerian economy, he averred that the country could maximize advantages from it by supporting the growth of the manufacturing sector.
Mr. Alake urged governments of West African countries to fix the problems hindering the implementation of ECOWAS protocols, regretting that business across West African countries is still difficult.
He advocated for improved border, ports and customs services in the continent.
News
Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution
Ten people have been confirmed dead in a stampede at the Holy Trinity Catholic Church, Maitama, on Saturday, 21st December 2024, during the distribution of food items to vulnerable and elderly individuals.
The unfortunate incident, which occurred around 6:30 am, resulted in the loss of ten lives, including four children, and left eight others injured with varying degrees of severity. Four of the injured have been treated and discharged, while the remaining victims are still receiving medical attention.
The FCT Police Command, in a statement issued by its spokesperson, SP Josephine Adeh, confirmed the tragedy, extended condolences to the families of the deceased, and wished the injured a swift recovery.
News
Port-Harcourt Refinery Fully Operational- Says NNPC
The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.
We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.
Preparation for the day’s loading operation is currently ongoing.
Members of the public are advised to discountenance such reports as they are the figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.
News
Port Harcourt Refinery Halts Production Less Than a Month After Resumption
Less than a month after the porthacourt appeared to have resumed production, the facility has stopped working.
It was gathered that the lifting of petrol actually stopped last Friday, December 13, as the 18-arm loading bay of the new Port Harcourt refinery was empty.
While about 18 trucks littered the stretch of the busy road leading to the refinery itself, nine trucks were spotted inside the parking yard, while the loading bay was empty.
Journalists who visited the refinery on Thursday, December 19, 2024, observed that the lifting of Premium Motor Spirit (petrol) had stopped completely.
The depot, which is usually a beehive of activities where tankers scramble for space at the parking yard, was a shadow of itself with literally no vehicular or human activity relating to operations.
This was after $1.5bn was approved in March 2021 and spent on the rehabilitation of the facility.
The inauguration of the 60,000 barrel per day production capacity plant by the Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, November 26, 2024, was met with celebration and fanfare.
During the re-opening of the facility, there was lifting of petrol to the excitement of the cheering crowd.
However, less than 10 trucks of petrol were lifted that day as against widespread claims that about 200 trucks carried petrol out of the bay.
Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution
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Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution
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Port Harcourt Refinery Halts Production Less Than a Month After Resumption
FG Allocate ₦27bn For Obasanjo, Gowon, Buhari, Others In 2025
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Open Letter To His Excellency The Executive Governor Of Kano State:Need For A Balanced Composition Of Kano State Executive Council
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