Africa’s richest man, Aliko Dangote, has disclosed that the Federal Government did not give him any incentive to build his $20 billion refinery located at the Lekki Free Trade Zone.

He stated that he paid $100 million for the land the refinery was built on.

 

Dangote disclosed this on Saturday when he received the leadership of the House led by Speaker Tajudeen Abbas and his deputy Benjamin Kalu.

According to him, “In the refinery, we did not, and I repeat, we did not collect one single incentive from the Federal Government of Nigeria or even Lagos State. Yes, the Lagos State gave us a good deal but we paid $100m for the land. It wasn’t a free land; we paid for it.

“Majority of the population are with us. So, we are not discouraged, we will continue what we are doing.”

Speaking further, Dangote said the claim in some quarters that his group of companies enjoy monopoly is not true.

He said, “If you look at all our operations at Dangote (Group), we add value; we take local raw materials and turn them into products, and we sell.

“We have never consciously or unconsciously stop anybody from doing the same business that we are doing.

“When we first came into cement production, it was only Lafarge that was operating here in Nigeria…Nobody ever called Lafarge a monopoly,” he said, adding that labelling his group of companies as monopolistic is disheartening.

“Monopoly is when you stop people, you block them through legal means. No, it is a level playing field whereby whatever Dangote was given in cement, for example, other people were given because some of them even got more than us.”

The Peoples Democratic Party (PDP), Edo State chapter has reacted to the defection of the reinstated Deputy Governor of the state, Philip Shaibu.

Recall that Shaibu, alongside prominent members with their supporters dumped the PDP on Saturday.

 

The decamping took place in Benin at the inauguration of the National Campaign Council by the APC National chairman, Abdullahi Ganduje.

The deputy governor fell out with Governor Godwin Obaseki over his ambition to succeed his principal and was impeached after he lost to Asue Ighodalo in the PDP primary.

He was, however, reinstated by the court on Wednesday by the Abuja High Court and this has further caused division between Obaseki and him.

Speaking at the event, Shaibu said he was back to add value to the APC.

He said, “On behalf of the Legacy Group, I announce our movement to the APC. We have come to add value to the party.

“It is time to take back our state. We will not talk too much because action will speak for us. We are not afraid; we are ready to move forward.”

Reacting to Shaibu’s defection while speaking to Punch, the Chairman of the PDP in the state, Tony Aziegbemi wished the deputy governor well.

He claimed that those who were calling to join the party after Shaibu’s exit were more than those leaving.

He said, “I wish them good luck in their official endeavours. The PDP cannot be depleted because of this.

“Every vote counts but those who are now coming to us because of his exit are more than those who are leaving the party, so we are good. People have been calling me since he left to say they want to join our party.”

The President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will abandon its plans to enter Nigeria’s steel industry to avoid being branded a monopoly. 

Dangote made this disclosure in a statement on Saturday while addressing journalists at his refinery in Lagos.  

The business tycoon explained that the company’s board decided to avoid the steel industry to prevent accusations of attempting to monopolize it.  

 

Furthermore, he noted that pursuing this venture would involve encouraging the importation of raw materials from overseas, which contradicts the firm’s core mandate. 

“You know, about doing a new business which we announced, that is, the steel.  

“Actually, our own board has decided that we shouldn’t do the steel because if we do the steel business, we will be called all sorts of names like monopoly. And then also, imports will be encouraged. So we don’t want to go into that,” he said. 

Dangote, however, urged other Nigerians to invest in the industry to help boost the country’s economy. 

“Let other Nigerians go and do it. We are not the only Nigerians here. There are some Nigerians with more cash than us. They should bring that money from Dubai and other parts of the world and invest in our own fatherland,” the CEO added. 

Backstory 

In June, Nairametrics reported that Aliko Dangote said his company plans to delve into steel production in the near future stating that he wants to ensure that every steel used in West Africa comes from Nigeria. 

He noted that the next venture after the refinery project would be in steel manufacturing and ensure that all steel products used in West Africa come from Nigeria. 

“I don’t like people coming to take our solid minerals to process and bring the finished product. We should try and industrialise our continent and take it to the next level. 

“I told somebody we are not going to take any break. What we are trying to do is to make sure at least in West Africa, we want to make sure that every single steel that we use will come from Nigeria”, Dangote said at that time.  

What you should know 

Nigeria has tried unsuccessfully to become a leader in the steel manufacturing industry with a handful of failed projects like the Ajaokuta steel plant, Delta Steel Company, Osogbo and Jos rolling mills even under government and private ownership. 

Like the oil refineries, the federal government under different administrations has spent billions trying to put the local steel plants to work but has been unsuccessful.  

The administration of President Bola Tinubu had promised during the campaigns to ensure steel production starts in the multi-billion-dollar Ajaokuta steel complex. 

Dangote investment in the industry might have been a game changer, attracting more capital and economic opportunity to the sector.  

However, with the recent revelation and decision from the African richest man, the steel industry may still linger in the shadow of underinvestment for years to come.  

[Nairametrics]

Senator Ali Ndume, lawmaker representing Borno South, is obviously not done with his criticism of President Bola Tinubu.

His criticism of the president had led to his removal as Chief Whip of the Nigerian Senate.

His party had also asked him to quit and join an opposition party of his choice.

The lawmaker had accepted his removal in good fate, vowing not to stop telling the truth to power.

During an interactive session with journalists, Ndume was asked to comment on the N70,000 minimum wage which Tinubu convinced labour to accept.

“People are suffering, people are angry, people are not happy. I am happy that yesterday, the president agreed with NLC to increase the salary to N70,000, which is a good move, but it takes more than that because, realistically, that is like a bag of rice, money that will buy a bag of rice or cover the cost of a bag of rice.”

“So, I call on the president to still open up and listen to the people,” the lawmaker said.

Earlier, the lawmaker had described his action as patriotic, advising President Tinubu to listen to the cries of Nigerians and immediately address the concerned areas.

 

“I insist it is unpatriotic to stand by the president in whichever or whatever he does. It is patriotic to speak the truth not only to the president but also to anybody, for that matter. It is unpatriotic not to speak the truth to power or anybody and I still stand by that. In doing so, it is also known that God is always with the person that speaks the truth.

 

“So, I know that I am not wrong. The people are not wrong by speaking the truth and standing by the truth, and I pray that the president, who is now – I expect that the message has gotten to him – to look at what I have said and take appropriate measures to eliminate the sufferings of the people.”

[DailyTrust]

Nigeria’s former Minister of Sports and Youth Development, Solomon Dalung has said that President Bola Tinubu and his ‘locust cabal’ love only the wealth of Nigeria.

Dalung also berated Bayo Onanuga, a presidential spokesperson, for claiming that the proposed nationwide protest against bad governance is meant to destabilize the country.

The former Minister in a post on his X handle on Saturday said that Onanuga’s statement was not only uncharitable but wicked.

According to him, “the generation of Nigerians demanding for good governance, accountability and justice are more entitled to Nigeria than the group of scavengers occupying power.”

Dalung insisted that the proposed protest is sacrosanct, saying it is to demand accountability from those who are destroying Nigeria’s common heritage.

His words: “Make no mistake about it, we love our country but @officialABAT and his locust cabal love only the wealth of Nigeria.

“The protests are to demand for accountability from those who are destroying our common heritage. Nigerians have nowhere to go but @officialABAT has France, while others have Europe, Canada and USA.

“Therefore @aonanuga1956 calling out Nigerians as those planning to destabilize Nigeria is not only uncharitable but wicked.

“The generation of Nigerians demanding for good governance, accountability and justice are more entitled to Nigeria than the group of scavengers occupying power. Take it to the bank, the protests are sacrosanct.

“Deploying antics of divide and rule will not only fail but antiquitated. The only antidote to the protests is for @officialABAT and his cult of plunderers to surrender to the demands of the people.

“The fear of the protests degenerating into anarchy is evil imaginations of your mind calculated at abating holding the government responsible. All we are demanding is good governance, which is not too much.”

[DailyPost]

Wife of former President, Chief (Mrs) Bola Obasanjo has urged parents and guardians to invest in the future of their children by giving them quality education at all levels to enhance their chances of being useful to themselves and society.

Mrs. Obasanjo said that given the current challenging times, parents and guardians should be more strategic in spending and set priorities right to make the task of educating their children and wards feasible and less burdensome, stressing that if the plans to buy the next cars or build a second house could stand in the way of children’s education, they should not hesitate to jettison such plans.

She advised at the weekend during the 12th Anniversary and Graduation Ceremony of Lyceum Schools with the theme “Global Reach Within Local Realities” held at Olusegun Obasanjo Presidential Library (OOPL) Abeokuta, the Ogun State.

Obasanjo, who praised the parents and guardians for sending their children to Lyceum schools despite the rising cost of living, charged them not to relent in their efforts as they would reap the fruit of their labours in life

 

She also urged Nigerian parents and guardians not to use the current hardships in the country as an excuse to remove their children from schools, expressing the hope that things would get better if they don’t give up on them

 

“Whatever education we give to our children, it is our backbone and we need to lift them. We should invest in their future with this economy and not in building houses and buying cars. May Almighty God lift their hands and continue to provide and bless their parents,” Obasanjo noted.

Head of Schools, Mrs Maureen Ola-Williams admonished parents and guardians to teach the children to be respectful to teachers and their elders in the society as well as having good characters that would guide their paths to a better tomorrow.

[TheNation]

Donald Trump commanded the stage for nearly two hours Saturday in his first rally since a gunman tried to kill him last week, with a fiery, rambling speech to thousands of passionate supporters.

Here are five takeaways from the vision painted by the Republican presidential nominee for the United States:

‘Shoveling ballots into wheelbarrows’ –

Last week’s Republican National Convention notably downplayed Trump’s persistent lie that the 2020 election, which he lost to Democrat Joe Biden, was stolen from him.

 Mohbad's father appeals for Nigerians' help in unraveling cause of son's death
 
But when Trump returned to the campaign trail Saturday night he did not hold back.

“The Radical Left Democrats rigged the presidential election in 2020 and we’re not going to allow them to rig the presidential election in 2024,” he said, in just one of his references to voter fraud.

“We want a landslide that is too big to rig,” he added later.

He warned those who voted early to “follow your vote” and insisted that 2020 saw some states “shoveling ballots into wheelbarrows, moving them around.”

And the crowd cheered as he called on them to “Fight, fight, fight.”

That evoked both the moments after his attempted assassination last Saturday — when, bloodied and surrounded by Secret Service agents, he raised a fist in the air and shouted “fight” — and his comments before the 2021 Capitol riot, when he warned supporters “if you don’t fight like hell, you’re not going to have a country anymore.”

 ‘I’m not an extremist at all’ –

Trump also again disavowed Project 2025, a shadow manifesto characterized by opponents as an authoritarian, right-wing wish list.

“The other side is going around trying to make me sound extreme … I’m not an extremist at all,” he complained.

The sweeping blueprint from the hardline Heritage Foundation to remake the federal government in Trump’s image was created by “the radical right… they’re seriously extreme,” he said, insisting “I don’t know what the hell it is.”

The official Republican platform ratified at the Milwaukee convention is less conservative than Project 2025 in several areas, including abortion and entitlements.

But many of the more extreme proposals in the Heritage Foundation handbook are indistinguishable from Trump’s remarks at his rallies and his own video statements, while Democrats say members of his inner circle have been linked to it.

Still Trump insisted the idea that he is a “threat to democracy” is “misinformation.”

“Last week, I took a bullet for democracy,” he said.

-‘Stupid’ Biden –

 

Trump also laid in to the crisis engulfing rival Biden’s candidacy, as Democrats fearing that at 81 the president is too old to serve for another four years pressure him to step off the ticket.

“They have no idea who they candidate is … Sort of interesting, this guy goes and he gets the votes and now they want to take it away. That’s democracy,” Trump said in Michigan.

 

Former House Speaker Nancy Pelosi, he said, had turned on the president “like a dog.”

Branding Biden “stupid” and “a low-IQ individual,” he also denigrated Vice President Kamala Harris — who, if the president steps aside, is in a strong position to take over — as “crazy.”

Trump again touted his relationships with autocrats around the globe, insisting of North Korean dictator Kim Jong-Un that getting along had made the United States safer.

“All he wants to do is buy nuclear weapons and make them,” he said of Kim.

“I said, just relax, chill. You’ve got enough. You got, you got so much nuclear weapons, so much, I said, just relax… let’s go to a baseball game.”

He called Hungarian President Viktor Orban a “very powerful leader” and again insisted that, had he been US leader, President Vladimir Putin of Russia would never have invaded Ukraine in 2022.

And he said he received a “beautiful note” after the assassination attempt from President Xi Jinping of China, calling him a “great guy.”

He said he had told reporters that Xi was “a brilliant man. He controls 1.4 billion people with an iron fist.”

– ‘Migrant crime’ –

Trump also unleashed a litany of threats against illegal migrants, decrying an “invasion” over the US border and again suggesting that Democrats were allowing it to happen in hope of using their votes.

On day one of his return to the Oval Office, he promised to launch “largest deportation operation in the history of our country.

“When I return to the White House, we will stop the plunder, rape, slaughter and destruction of our American suburb cities,” he continued.

“We’re going to get the bad ones out. We’re going to get them out immediately. It’s not going to take long.”

He promised to “crush migrant crime” and complained that countries such as Venezuela are “dumping their criminals into the United States of America, and we’re not going to take it anymore.”

AFP

A Nigerian entertainer, astrologer and therapist, Mutiat Ajewarimi popularly known as Oyin Entertainer has reiterated the importance of constant sex in a marriage.

In one of her many thoughts on marriage she said God created husband and wife to have sex often and not sparingly while highlighting sexual rejection’s effect on marriage. Her advice is particularly to women who reject their husbands’ advances and entreaties for sex. 

According to her, sex is so important in marriage because it helps strengthen the bond between a husband and wife.

“God did not create our bodies to crave sex one time. I think God designed the body this way because he wants a husband and wife to have sex often so that they will continually strengthen their bond with one another,” she said.

She added that sex relieves stress, makes sleeping easier, good for the health, makes the man feel like a man and makes him overcome temptations.

“Sex helps men to be relieved of stress. So, help him destroy stress by sleeping with him and make him fall asleep easily after sex. Sex helps your husband’s health; do you want him to live long? Sleep with him, it’s a form of exercise for him and it helps his prostate too.

“Sexual satisfaction and the response of their wives make men feel fulfilled totally as a man and sexually fulfilled man will not likely sleep around, but a sexually unfulfilled man is a danger going somewhere to happen,” she narrated.

Emanuella,Ugandan duo, Ghetto Kids, Rango Tengo to Storm Makayla Malaka Concert in Lagos

Kid Sensations Emanuella, Ghetto Kids, and Rango Tenge Tengo from Uganda to Join Makayla Malaka in Lagos Concert.

Makayla Malaka is gearing up for a spectacular concert that promises to celebrate and showcase the immense talent of young entertainers in Africa. This exciting event will see Makayla performing her fifth studio album live, joined by her star friends from different countries. The lineup includes Nigerian comedienne Emanuella, Ugandan kid sensations the Ghetto Kids, and Rango Tenge Tengo, all set to storm Lagos and deliver unforgettable performances.

The concert will take place on July 27 at Balmoral Hall, Federal Palace Hotel, Victoria Island, kicking off at 12 noon. In addition to the musical performances, attendees can look forward to free burgers and drinks courtesy of Burger King. This celebration of young talent is not to be missed.

 

 

WhatsApp says its parent body, Meta, will be appealing the $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) regarding its violation of Nigeria’s data privacy laws.

The messaging app said this in a statement on Saturday in Lagos.

 

It said: “We disagree with the decision today as well as the fine and Meta will be appealing the decision.

“In 2021, we went to users globally to explain how talking to businesses among other things would work and while there was a lot of confusion then, it has actually proven quite popular,” the organisation said.

The reaction follows a statement released by the FCCPC and signed by its acting Executive Chairman, Adamu Abdullahi, saying that Meta had denied Nigerian users control over their data.

The FCCPC said that Meta had also shared the users’ data without consent, and abused its market dominance.

 

According to the statement released to the media, the FCCPC’s final order imposed a monetary penalty of two hundred and twenty million U.S. dollars only, on Meta.

 

The penalty is in accordance with the FCCPA 2018, and the Federal Competition and Consumer Protection (Administrative Penalties) Regulations 2020, the statement said.

The FCCPC announced that it initiated its investigation in May 2021, based on evidence suggesting that Meta, through its platforms, had breached the provisions of the FCCPA 2018 and the Nigeria Data Protection Regulation 2019.

It stated that these regulations were in effect prior to the enactment and implementation of the Nigeria Data Protection Act 2023.

The competition protection body noted that Meta responded to document requests and summons by providing some information.

 

It stated that Meta’s representatives and retained legal counsel had consistently engaged with and met investigators and analysts from the commission and the NDPC, including as recently as April 4, 2024.

The FCCPC highlighted that its investigation uncovered evidence of Meta engaging in practices that were abusive and invasive towards data consumers in Nigeria.

This included collecting personal data without consent and implementing discriminatory practices against Nigerians, among other issues.

Meta Platforms, Inc., doing business as Meta, is an American multinational technology conglomerate based in Menlo Park, California.
The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services.

The Presidential Candidate of the Labour Party, Mr. Peter Obi, has warned Nigerians about false promises of online “giveaways” advertised in his name by unidentified individuals.

These fraudulent schemes offer cash gifts, recharge cards, and other material items.

In a statement released to the media, signed by his Special Adviser on Media, Mr. Valentine Obienyem, Obi clarified that he is not involved in any such schemes targeting unsuspecting Nigerians.

Obi emphasized that he does not participate in sharing freebies online. Instead, he is focused on working for the nation’s betterment by investing in critical areas such as health, education, and poverty alleviation.

He noted that these fraudulent schemes have increased as his birthday approached, with many promising substantial birthday packages in his name to deceive innocent Nigerians.

“I thank my fellow Nigerians for their kind thoughts and prayers during my birthday on July 19, 2024. However, as I mentioned on my X account, I redirected all the resources I would have used for celebrations into critical areas of health, education, and poverty alleviation. I am not involved in any birthday giveaways being circulated online,” Obi stated.

He urged Nigerians to remain law-abiding and prayerful for God’s divine intervention in the nation while reiterating his commitment to building a New Nigeria.

[NationalDaily]