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Dangote has put Nigeria on the path to fuel export- Shettima
Vice President Kashim Shettima has said Nigeria is on the threshold of becoming a net exporter of refined petroleum products, driven by the operational capacity of the Dangote Petroleum Refinery, Africa’s largest single-train refinery located in Lagos.
Shettima made the declaration while speaking at the High-Level Accra Reset Initiative meeting held on the sidelines of the 2026 World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, where he called for homegrown solutions to Africa’s economic challenges.
According to the Vice President, Nigeria’s transition from decades of fuel import dependence to refined fuel export marks a defining moment for the country and the continent, demonstrating what is possible when African capital aligns with industrial ambition.
“After decades as a net importer of value, Nigeria is on the verge of becoming a net exporter of refined fuel, powered by Africa’s largest refinery in Lagos, the Dangote Refinery, Africa cannot rise on applause alone. We rise when we build,” Shettima said.
He stressed that the development underscores the importance of domestic productive capacity, noting that prosperity cannot be imported or “parachuted in,” but must be built through local industry, infrastructure, and clear policy direction.
Shettima observed that Africa’s manufacturing contribution to GDP had declined from about 16 per cent in 1980 to less than 10 per cent by 2016, but said the continent now has an opportunity to leapfrog through technology, modular factories, artificial intelligence, and robotics.
The Vice President also highlighted the role of human capital and mobility in driving growth, recalling that Africans in the diaspora sent home an estimated $95 billion in remittances in 2024, an amount roughly equivalent to total foreign direct investment into the continent.
Describing the Accra Reset Initiative as a bold reimagining of Africa’s shared future, Shettima said Nigeria’s experience reinforces a simple lesson: “wealth created from within is enduring,” while dependency on external aid remains fragile.
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Breaking: Court of Appeal rules in favour of Turaki -led PDP candidate for Osun governorship election
The Court of Appeal, Abuja Division, on Thursday, ruled that the Peoples Democratic Party, PDP Gubernatorial Candidate in Osun State was validly nominated by the Tanimu Turaki-led National Working Committee.
The court also ordered INEC to list the PDP logo on the ballot ahead of Saturday’s gubernatorial election.
The Court held that access code is neither a creation of the Constitution nor the Electoral Act; rather, a creation of INEC’s guidelines and cannot, in any way, override the provisions of the Constitution.
Section 288 of the Constitution does not specify the method for nominating candidates; it only states that the names of candidates should be forwarded to the Commission.
The court further held that the defendant (INEC) should take steps to include the name of the appellant on the ballot paper.
Additionally, the court ruled that the primary election conducted by the Tanimu Turaki-led National Working Committee (NWC) of the PDP was a valid primary election in law.
The three-man panel of justices—Justice Mahmud, Justice Jaro, and Justice Ankawere, was unanimous in its judgment.
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Breaking: NHRC sets up situation room to monitor and document hate speech, intimidation, threat to life ahead 2027
The national Human Rights Commission, NHRC, has set up a situation room to monitor and document all incidences of hate speech, intimidation and threat to life by politicians and other actors ahead of the 2027 general election.
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
The Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, revealed this on Thursday in Abuja at a press conference.
He said the situation room would enable the Commission harvest data, analysis and document persons, agencies and others involved in the negative statements in order to ensure they are properly tracked and brought to book by relevant agencies.
Ojukwu also took journalists on a tour of the newly set up situation room.
Details later…..
News
Breaking: NHRC expresses concern over rising incidences of hate speech, threat to life ahead 2027 elections
The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.
At a press conference in Abuja Thursday, the Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, recalled statements credited to Senator Francis Fadahunsi and Sheikh Yahya Jingir and described the das dangerous with capacity to set the nation ablaze.
He called on politicians, religious and traditional rulers, among other stakeholders to call their supporters and faithful to orders.
He urged government to act before rhetorics turn to violence, saying the forthcoming election in Osun State should serve as example of Nigeria’s capacity to conduct political contest in compliance with international best practices.
Details later…..
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