News
Oil war: Otedola backs Dangote
Femi Otedola, a Nigerian billionaire business mogul, has called for support for Aliko Dangote, the CEO of Dangote Refinery, amid the ongoing disputes with cabals and national oil regulators.
In a series of X posts (formerly Twitter) on Tuesday, Otedola joined numerous stakeholders in urging the federal government to support industrialists like Dangote, similar to how other governments back their “local champions.”
The multi-sectorial business mogul said Dangote has built “the largest single train refinery in the world, the second-largest sugar refinery in the world,” emphasizing that he is the highest taxpayer in Nigeria.
Otedola said business ‘titans’ like Dangote are necessary in the early stage of a country’s industrialization growth and must be encouraged and protected.
According to him, such trends can be found in the United States with the likes of “Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J.P. Morgan, and Henry Ford,” adding that these are men who built the country’s industrial landscape.
He further mentioned other industrialists in India, South Africa, China and other places whose governments have assisted in providing the necessary incentives to grow various industries in their respective nations.
“In Nigeria, we have our own titans, and it is imperative that we recognize and support them. Aliko Dangote has broken every boundary in worldwide business and industry.
“His contributions are not just a testament to his brilliance but a beacon of what is possible when vision meets opportunity.
“Supporting local champions like Dangote is crucial for our national development and economic independence. Let us continue to foster and support these visionaries who drive our nation’s progress,” Otedola added.
The Dangote Refinery is currently facing scrutiny from Nigeria’s oil regulatory bodies, notably the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Farouk Ahmed, the head of NMDPRA, has accused the refinery and other local facilities of producing fuel with high sulfur levels, reaching up to 650 parts per million (ppm).
He also hinted that Aliko Dangote, the CEO of the refinery, might be attempting to dominate the industry, which he believes could jeopardize the country’s energy security.
In response to these claims, Dangote said products from his refinery is of better quality than what is in the market that are imported into the country by a cabal made up of unpatriotic elements and invited regulatory authorities to inspect his Lagos plant, confident that their products meet the highest quality standards in Nigeria.
Furthermore, to dispel any notions of monopolistic behaviour, Dangote halted his plans to invest in Nigeria’s steel industry.
News
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.
News
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…..
-
News1 year agoSenate to speed up conclusion of Nigeria Forest Security Service Bill
-
News1 year agoThe Many Lies Against Bashir Haske
-
News3 years agoBreaking: Tinubu’s authentic ministerial nominees
-
News3 years ago“Anytime we want to kill terrorists, President would ask us to take permission from France but they were killing our soldiers-” Niger Republic coup leader
-
News3 years ago“I’m leaving the Catholic church because Bishop Onah is oppressing me,” says Okunerere
-
News3 years agoRadio Nigeria’s veteran broadcaster Kelvin Ugwu dies three months after retirement from service
-
News3 years agoMy nude photo leak was a mistake- lawyer Ifunanya
-
News3 years agoDokpesi and the Gazebo Mystique