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Keyamo, Onyema hail Tinubu as Air Peace takes delivery of dry lease aircraft

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By Bonaventure Melah

Air Peace, the largest airline in West and Central Africa, has taken delivery of dry lease aircraft.

The prestigious brand, which is also the country’s flagship airline, took the delivery barely eleven months after Nigeria signed the Irrevocable Deregistration and Export Request Authorisation (IDERA) Advisory Circular into law.

The aircraft, a Boeing 737-700NG with the registration number: EL-HRN, became the first dry lease equipment the country would take delivery of 10 years after its blacklisting by lessors.

The aircraft landed at the Murtala Muhammed Airport (MMA), Lagos, on Friday, with dignitaries from Boeing, AerCap, Fidelity Bank, Irish Ambassador to Nigeria, and the Minister of Aviation and Aerospace Development, Festus Keyamo, on the ground to receive the equipment.

Speaking at the delivery ceremony in Lagos, Keyamo described the occasion as emotional and historic for Nigeria.

He regretted that until now, lessors were not willing to lease aircraft on a dry lease basis to Nigerian operators due to a lack of trust and past defaults.

According to him, when the government assumed office in 2023, it took it upon itself to remove Nigeria from the blacklist by signing the IDERA agreement, which would enable operators from the country to access aircraft on a dry lease basis rather than a wet lease, which he said was more expensive to acquire.

The minister expressed regret that the country’s airlines’ inability to access equipment on a dry lease basis had led to foreign airlines dominating the country’s gateways. However, he insisted that with this development, the narrative had changed.

He assured the leasing company of strict compliance with the agreement and encouraged other leasing firms to invest in Nigeria’s sector.

Additionally, Keyamo praised President Bola Tinubu, the National Assembly, and all Nigerians for their support in growing the aviation industry, reaffirming that the government would continue to support the operators, regardless of their sponsors.

He said, “On record, a wet lease is three times more expensive than a dry lease. Because of what this government has done in terms of bringing back confidence of the world into our system with what we have done with the Cape Town Convention, the world now trusts us with their equipment.
“Dry lease arrangements are burned out of the highest level of integrity and confidence that they have in that system and also in that operator. So, Nigeria has reached that junction where we are now attracting confidence into our aviation sector, and that is a precursor to empowering our local operators.
“We must also thank Air Peace because, apart from the effort of the government, they also looked at the balance sheet of Air Peace. They saw that Air Peace has not been financially reckless and it’s not owing anybody around the world, while also running the airline in a most responsible manner. It’s a combination of both factors.”
Also, the Chairman of Air Peace, Dr. Allen Onyema, in his speech, said that the Federal Government guaranteed the agreement.

Onyema explained that most of the global carriers operate on dry lease aircraft, noting that Nigeria should not be an exception.

He assured that the airline would strictly adhere to the terms and conditions of the agreement and called on other leasing companies to take a cue from AerCap by investing in Nigerian airlines.

He emphasised that Air Peace was shouldering the responsibility of other Nigerian airlines under the agreement, noting that the era of inadequate capacity for the country’s airlines was over.

He assured that more aircraft under lease operations would be delivered to the country at any moment from now.

He added: “Dry lease option is always the best for any operator, because of our population of over 230 million people, our operations in West and Central African regions and international operations, we need over 50 aeroplanes. We can afford to take over 50 aircraft from AerCap and other lessors.
“If we can take up to 10 aircraft in a wet lease module, we can also take over 50 with a dry lease, which is far cheaper and affordable. It’s a new dawn for Nigeria and I am very thankful And I am very thankful to everybody that has made this happen today.”
Additionally, the Irish Ambassador to Nigeria, Peter Ryan, commended the Nigerian government and Air Peace’s management for implementing the Cape Town Convention.

The Sales Director, African Region, Boeing Commercial Airplanes, Moore Ibekwe Jr, said that the dry lease journey between Nigeria and Boeing began about two years ago.

Executive Director, Fidelity Bank, Dr. Kenneth Okpara, said that Air Peace had continued to maintain prudent and transparent financial records.

 

 

 

 

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Dangote Refinery to supply 1.5bn litres of petrol monthly

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….Writes NMDPRA, Engages Marketers to Stabilise Fuel Market

Photo caption: L R: Chief Executive Officer, Dangote Fertiliser Limited, Vishwajit Sinha; Chief Executive Officer and Managing Director, Dangote Petroleum Refinery, David Bird; President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.

Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel availability through the festive season and into the New Year.

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, disclosed the plans at the weekend, noting that the refinery will make available 50 million litres of PMS daily beginning December 1.

“In line with our commitment to national wellbeing, and consistent with our track record of ensuring a holiday season free of fuel scarcity, the Dangote Petroleum Refinery will supply 1.5 billion litres of PMS to the Nigerian market this month. This represents 50 million litres per day. We are formally notifying the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of this commitment. We will supply another 1.5 billion litres in January and increase to 1.7 billion litres in February, which translates to about 60 million litres per day,” Dangote said.

Photo caption: L R: President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.

Speaking during a visit by the South-South Development Commission (SSDC) to the refinery and the Dangote Fertiliser complex, he stated that the facility currently has adequate stock and is producing between 40 and 45 million litres of PMS daily. He added that the daily supply of 50 million litres should dispel long-standing claims that domestic refineries lack the capacity to meet national demand.

Dangote also revealed ongoing engagement with petroleum marketers to strengthen distribution systems, including expanding the use of CNG-powered haulage.

“Our priority is to ensure Nigeria receives the products it needs. This is not driven by profit motives; it is about guaranteeing the availability of essential energy products. It is similar to the transformation we delivered in the cement sector,” he added.

He further noted that the refinery is progressing with its expansion plan to reach a capacity of 1.4 million barrels per day. More than 100,000 workers are expected to be involved in the expansion of both the refinery and the fertiliser complex. Dangote emphasised that the Group remains committed to its vision, driven by the strong public support for the company’s role in shaping Nigeria’s economic development.

During the visit, the Managing Director of SSDC, Usoro Offiong Akpabio, commended Dangote’s leadership and his continued contribution to strengthening Nigeria’s industrial capability, national energy security and long-term economic competitiveness.

She described the South-South region as Nigeria’s natural energy corridor, with vast crude oil reserves, gas infrastructure, maritime assets, agro-industrial activity and emerging industrial clusters. She noted that deeper collaboration between the region and the Dangote Group could unlock opportunities in product distribution, CNG infrastructure, petrochemicals, agriculture, and employment creation.

Akpabio added that such partnerships would advance the Federal Government’s energy stability agenda and position the South-South as a strategic growth hub for the Dangote Group.

“As the statutory development body for the South-South, SSDC is mandated to drive regional economic development, infrastructure integration, human capital advancement, and private-sector–led growth. In this regard, we stand prepared to support State-level policy and regulatory support for Ease-of-doing-business across our six states. Enabling environments for Dangote Group’s expansion into strategic sectors such as gas processing, agro-industrial value chains, renewable energy, logistics, and export-oriented manufacturing,” she said.

In a letter from the refinery’s Managing Director, David Bird, to the Authority Chief Executive of the NMDPRA, the company reaffirmed its readiness to host NMDPRA officials onsite at the refinery from December 1st to verify and publish its daily supply volumes. The refinery also sought the Authority’s support to ensure unhindered importation of crude, feedstocks and blending components, as well as smooth vessel loading for product evacuation.

“In the spirit of full transparency to the public we are willing to publish our daily production and stock volumes (online and print media),” Bird stated. “We seek the full support of NMDPRA to allow Dangote refinery to import our crude, feedstocks and blending components unhindered as well as support the lifting of our products by vessel. We continue to experience delays in vessel clearance which impacts not only the refinery operations but also our customers, adding unnecessary costs and inefficiencies”.

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By Bonaventure Phillips Melah

Photo caption: L R: Chief Executive Officer, Dangote Fertiliser Limited, Vishwajit Sinha; Chief Executive Officer and Managing Director, Dangote Petroleum Refinery, David Bird; President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.

Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel availability through the festive season and into the New Year.

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, disclosed the plans at the weekend, noting that the refinery will make available 50 million litres of PMS daily beginning December 1.

“In line with our commitment to national wellbeing, and consistent with our track record of ensuring a holiday season free of fuel scarcity, the Dangote Petroleum Refinery will supply 1.5 billion litres of PMS to the Nigerian market this month. This represents 50 million litres per day. We are formally notifying the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of this commitment. We will supply another 1.5 billion litres in January and increase to 1.7 billion litres in February, which translates to about 60 million litres per day,” Dangote said.

Photo caption: LR: President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.

 

Speaking during a visit by the South-South Development Commission (SSDC) to the refinery and the Dangote Fertiliser complex, he stated that the facility currently has adequate stock and is producing between 40 and 45 million litres of PMS daily. He added that the daily supply of 50 million litres should dispel long-standing claims that domestic refineries lack the capacity to meet national demand.

Dangote also revealed ongoing engagement with petroleum marketers to strengthen distribution systems, including expanding the use of CNG-powered haulage.

“Our priority is to ensure Nigeria receives the products it needs. This is not driven by profit motives; it is about guaranteeing the availability of essential energy products. It is similar to the transformation we delivered in the cement sector,” he added.

He further noted that the refinery is progressing with its expansion plan to reach a capacity of 1.4 million barrels per day. More than 100,000 workers are expected to be involved in the expansion of both the refinery and the fertiliser complex. Dangote emphasised that the Group remains committed to its vision, driven by the strong public support for the company’s role in shaping Nigeria’s economic development.

During the visit, the Managing Director of SSDC, Usoro Offiong Akpabio, commended Dangote’s leadership and his continued contribution to strengthening Nigeria’s industrial capability, national energy security and long-term economic competitiveness.

She described the South-South region as Nigeria’s natural energy corridor, with vast crude oil reserves, gas infrastructure, maritime assets, agro-industrial activity and emerging industrial clusters. She noted that deeper collaboration between the region and the Dangote Group could unlock opportunities in product distribution, CNG infrastructure, petrochemicals, agriculture, and employment creation.

Akpabio added that such partnerships would advance the Federal Government’s energy stability agenda and position the South-South as a strategic growth hub for the Dangote Group.

“As the statutory development body for the South-South, SSDC is mandated to drive regional economic development, infrastructure integration, human capital advancement, and private-sector–led growth. In this regard, we stand prepared to support State-level policy and regulatory support for Ease-of-doing-business across our six states. Enabling environments for Dangote Group’s expansion into strategic sectors such as gas processing, agro-industrial value chains, renewable energy, logistics, and export-oriented manufacturing,” she said.

In a letter from the refinery’s Managing Director, David Bird, to the Authority Chief Executive of the NMDPRA, the company reaffirmed its readiness to host NMDPRA officials onsite at the refinery from December 1st to verify and publish its daily supply volumes. The refinery also sought the Authority’s support to ensure unhindered importation of crude, feedstocks and blending components, as well as smooth vessel loading for product evacuation.

“In the spirit of full transparency to the public we are willing to publish our daily production and stock volumes (online and print media),” Bird stated. “We seek the full support of NMDPRA to allow Dangote refinery to import our crude, feedstocks and blending components unhindered as well as support the lifting of our products by vessel. We continue to experience delays in vessel clearance which impacts not only the refinery operations but also our customers, adding unnecessary costs and inefficiencies”.

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Gunmen abduct five in Enugu community

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Some women in Ezimo community, Udenu Local Government Area of Enugu State, on Saturday, staged a protest over the alleged kidnap of five residents and the shooting of another during an attack on the community.

The protesters, who marched through major parts of the community, said the incident had heightened fear and insecurity in the area.

One victim of the attack is currently receiving treatment in the hospital.

A social media influencer, ‘Sen.’ Chijinkem Ugwuanyi, made this known via Facebook on Saturday.

Ugwuanyi revealed that resident who confirmed the incident said recent cases of abductions and shootings had left the community unsafe, prompting the women to demand urgent government intervention.

In a video shared on Ugwuanyi’s Facebook page, the protesters called on the Enugu State Government and security agencies to step in and restore peace, warning that residents could no longer live under constant fear of attacks.

 

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