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Niger Courts Dangote Group’s Partnership To Unlock Crude Oil Potentials

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With its proven expertise in the energy sector, the Dangote Group is well-positioned to contribute significantly to the exploration and development of the recently discovered oil blocks in Niger State’s Bida Basin.

Addressing industry leaders at the Dangote Special Day event at the Niger National Trade Fair in Minna, Governor Bago positioned Niger State as “open for business” regarding Bida Basin oil development, specifically calling for private sector investment and expertise in the state’s hydrocarbon exploration.

Governor Umaru Muhammed Bago, represented by Hamza Bello Sarki, Permanent Secretary of the Ministry of Trade, Industry and Investment, acknowledged Dangote Group’s proven capacity in executing large-scale industrial projects, citing the successful delivery of the world’s largest single-train refinery in Nigeria as evidence of its technical expertise and operational excellence.

The Dangote Group is the major sponsor of the 2025 Niger National Trade Fair.

The Governor described the Bida Basin oil discovery as Niger State’s ticket to economic prosperity, and win-win for partners.

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A 2023 geological survey report identified 17 commercially viable oil blocks in Niger State, with estimated hydrocarbon reserves projected to sustain production for approximately 70 years.

The Bida Basin, stretching across parts of Niger and Kwara States, has been identified as a promising sedimentary basin with hydrocarbon potential.

Representative of the Dangote Group, Mr. Hashem Ahmed, said the company was “investing massively in Niger State, adding that it was ready to partner the state to enable it to develop its potentials.

“The Dangote Rice Mill in Wushishi when completed will enhance local rice production and drastically reduce post-harvest losses. We are also working closely with the Governor’s Office on the Niger Food Initiative—a game-changing agricultural programme.

“We have committed to serving as a guaranteed off taker for 1 million metric tons of paddy rice, creating a stable market and encouraging further private investment.”

Mr. Ahmed commended the proactive measures taken by Governor Bago administration to foster a business-friendly environment and stimulate private sector engagement in driving economic growth.

He said the government’s strategic policies—such as the planned establishment of a Free Trade Zone—demonstrate a clear commitment to attracting investment, enhancing trade, and positioning Niger State as a hub for industrial and agricultural development.

“For Dangote Group and the broader Organized Private Sector, these initiatives represent a significant and encouraging step forward. The Free Trade Zone provides a competitive advantage by streamlining business operations, reducing bottlenecks, and creating a conducive ecosystem for large-scale investments,” he said.

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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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