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The Nigerian National Petroleum Company (NNPC) Limited has appointed Adedapo Segun as its chief financial officer (CFO).
In an X post on Wednesday night, the NNPC said Segun previously served as the executive vice-president (EVP) of its downstream arm, where he made significant contributions to the company’s downstream operations.
The national oil firm said Isiyaku Abdullahi will be taking over as its new EVP, downstream.
The company also named Udobong Ntia as the new executive vice-president (EVP) of its upstream operations.
“The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments. These changes reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector,” the post reads.
“These appointments align with NNPC Limited’s commitment to building a unified and competent leadership team to drive operational excellence and support the organization’s strategic objectives.
“The Board and Management also extend their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa A. Eyesan for their outstanding dedication and service to NNPC Limited.”
The NNPC restated its commitment to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability, while prioritising the interests of the Nigerians in the petroleum industry.
The Abia state government has announced free education irrespective of states of origin from primary one to Junior Secondary School three in all public schools.
The government said the free education will start from January 2025.
The Commissioner for Information, Prince Okey Kanu, disclosed this while briefing the press after the State Executive Council meeting.
He said that parents and guardians who flouted the new policy would face prosecution.
He said from January 2025, parents and guardians who fail to send their children or wards to school will face legal consequences. Kanu emphasised that non-compliance with the education directive will be treated as a punishable offence.
“In line with the Abia Child’s Rights Law 2006, it’s now an offence for parents not to send their children or wards to school because the Government has made education free and compulsory,” Kanu warned.
The policy, according to him, is pursuant to the quest by the Governor Alex Otti-led administration, to deliver quality and affordable education to the state.
“There is no reason whatsoever why parents should not send their children to school,” he said.
“The issue of indigency is no longer the reason for non-acquisition of free and basic education in Abia State.
Also, he said there was no going back on the proposed relocation of the Law Faculty of the Abia State University, Umuahia campus, back to Uturu main campus. He explained that the decision was taken in the overall public interest.
He also disclosed that the government would attend to all issues arising from the implementation of the new minimum wage.
The Commissioner further said that the governor had directed the Commissioner for Works to effect immediate repairs on the failed portion of the Osisioma ‘fly-over’ built by the immediate-past administration of Gov Okezie Ikpeazu.
He regretted that “the ‘fly-over’ which is the signature project of that administration has started failing within two years”.
[PRESS RELEASE] UBA Announces Appointment of Henrietta Ugboh as an Independent Non-Executive Director
Admin![[PRESS RELEASE] UBA Announces Appointment of Henrietta Ugboh as an Independent Non-Executive Director](/media/k2/items/cache/645a2495d5cc8ce4a6b32aefb63d21da_M.jpg)
Owanari Duke Retires from Group Board
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as an Independent Non-Executive Director.
The appointment has been approved by the relevant regulatory bodies, including the Central Bank of Nigeria.
UBA’s Group Chairman, Tony Elumelu, CFR commenting on the appointment, said, “Henrietta Ugboh brings a track record of professional success, integrity and leadership, which will further strengthen the UBA Group Board, underlining once again the Group’s commitment to robust corporate governance.”
Ugboh holds a degree in Economics and Statistics from the University of Benin, an MBA from ESUT Business School, and is an alumnus of the Harvard Business School’s Executive Management Program. She has over 30 years experience in banking with Citibank and is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a Fellow of the Institute of Credit Administration (FICA).
Elumelu added that with her considerable experience and expertise, which includes commercial banking, credit, and risk management, the UBA Board is delighted to welcome Mrs Ugboh to the Group Board, “We look forward to her invaluable contribution to the Group, as we continue to execute our unique growth strategy across Africa and globally.”
The Board also announced the retirement of Mrs. Owanari Duke, an Independent Non-Executive Director, who joined the UBA Group Board in October 2012.
During her tenure, Mrs. Duke provided distinguished leadership, serving on Committees of the Bank including the Board Governance Committee, Board Audit, Governance, Nomination & Remuneration Committee, Board Credit Committee, Finance & General Purpose Committee and Statutory Audit Committee.
On behalf of the board, Mr. Elumelu expressed UBA’s deep appreciation to Mrs. Duke for her dedication and significant contributions to the Group, wishing her the best in her future endeavour.
United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than forty-five million customers, across 1,000 business offices and customer touch points in 20 African countries. With presence in New York, London, Paris and Dubai, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance and related banking services
The Federal Government spent $3.58 billion servicing the country’s foreign debt in the first nine months of 2024.
Data sourced from the Central Bank of Nigeria (CBN) report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56bn spent during the same period in 2023.
According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37m, the highest monthly expenditure in 2023 was $641.70m, recorded in July.
The trend in international debt servicing by the CBN highlights the rising cost of debt obligations by Nigeria.
Further breakdown of international debt figures showed that in January 2024, debt servicing costs surged by 398.89 per cent, rising to $560.52m from $112.35m in January 2023. February, however, saw a slight decline of 1.84 per cent, with payments reducing from $288.54m in 2023 to $283.22m in 2024.
March recorded a 31.04 per cent drop in payments, falling to $276.17m from $400.47m in the same period last year. April saw a significant rise of 131.77 per cent, with $215.20m paid in 2024 compared to $92.85m in 2023.
The highest debt servicing payment occurred in May 2024, when $854.37m was spent, reflecting a 286.52 per cent increase compared to $221.05m in May 2023. June, on the other hand, saw a 6.51 per cent decline, with $50.82m paid in 2024, down from $54.36m in 2023.
July 2024 recorded a 15.48 per cent reduction, with payments dropping to $542.50m from $641.70m in July 2023. In August, there was another decline of 9.69 per cent, as $279.95m was paid compared to $309.96m in 2023. However, September 2024 saw a 17.49 per cent increase, with payments rising to $515.81m from $439.06m in the same month last year.
Giving rising exchange rates, the data raises concerns about the growing pressure of Nigeria’s foreign debt obligations.
On Monday, Channels Television reported a rise in debts of the 36 states of the federation.
The total debts of the 36 states in Nigeria rose to N11.47tn as of June 30, 2024, despite allocations by the Federal Accounts Allocation Committee (FAAC), and their respective internally generated revenues (IGR).
An analysis of data from the public debt reports released by the Debt Management Office (DMO) said the rise was 14.57 per cent higher than the N10.01tn recorded in December 2023.
External debt for the states and the Federal Capital Territory also climbed from $4.61bn to $4.89bn within the period under review.
In naira terms, the debts increased by 73.46 per cent, from N4.15tn to N7.2tn, following the devaluation of the naira from N899.39/$1 in December 2023 to N1,470.19/$1 by June 2024.
However, domestic debt for states and the FCT declined from N5.86tn to N4.27tn.
In total, states and the FCT accounted for Nigeria’s public debt of N134.3tn in June 2024, a decrease from their 10.29 per cent share in December 2023, even as their nominal debt levels increased.
Channels Television had earlier reported that the sub-national governments continued to grapple with a persistent reliance on borrowing to finance their budgets in 2023, as the total debt stock of the 36 states surged by 38.1%, from N7.25tn in 2022 to N10.01tn.
According to BudgIT’s 2024 State of States report released on Tuesday, the debt growth was partly driven by a N606.12bn increase in domestic debt, resulting in an average year-on-year growth rate of 11.4%. By 31st December 2023.
The total domestic debt stood at N5.86tn.
The situation was further complicated by rising foreign debt, which increased by 4.1%, from $4.43bn in 2022 to $4.61bn in 2023.
According to the report, the liberalisation of the exchange rate exacerbated the financial strain on states, significantly raising their foreign loan repayment obligations in naira terms.
Lagos State remained the most indebted in foreign currency, accounting for 26.9% of the total foreign debt, equivalent to $1.24bn.
The DMO’s report comes after BudgIT’s report said that the 32 states of the federation relied on FAAC for at least 55 per cent of their total revenue in 2023.
According to the 2024 report released last week, the development paints the over-reliance of state governments on federally distributable revenue and accentuates the vulnerability of the state governments to crude oil-induced shocks and other external shocks.
The report further said that 14 states relied on FAAC receipts for at least 70 per cent of their total revenue. Furthermore, transfers to states from the federation account comprised at least 62 per cent of the recurrent revenue of 34 states, except Lagos and Ogun, while 21 states relied on federal transfers for at least 80 per cent of their recurrent revenue.
In the 2023 fiscal year, the combined revenue of all 36 states in Nigeria increased significantly by 31.2 per cent from N6.6tn in 2022 to N8.66tn.
This growth rate exceeded the previous year’s increase of 28.95 per cent, indicating a notable improvement in fiscal performance.
Of the total revenue generated in 2023, Lagos State contributed N1.24tn, representing 14.32 per cent of the cumulative revenue of the 36 States.
Gross FAAC, which grew by 33.19 per cent from N4.05tn in 2022 to N5.4tn in 2023, contributed to 65 per cent of the year-on-year growth of the combined revenue of the 36 states.
“32 states relied on FAAC receipts for at least 55 per cent of their total revenue, while 14 states relied on FAAC receipts for at least 70 per cent of their total revenue.
“Furthermore, transfers to states from the federation account comprised at least 62 per cent of the recurrent revenue of 34 states, except Lagos and Ogun, while 21 states relied on federal transfers for at least 80 per cent of their recurrent revenue.
“The picture painted above buttresses the over-reliance of the state governments on federally distributable revenue and accentuates their vulnerability to crude oil-induced shocks and other external shocks.”
The report provides a detailed analysis of states’ fiscal sustainability, examining how well they balance internally generated revenue against federal allocations.
President Bola Tinubu has returned to the country after his participation in the Riyadh Joint Arab-Islamic Summit on the Middle East.
Recall that during Tinubu’s participation in the summit, President Tinubu called for an end to Israeli aggression in Gaza, warning that the conflict in Palestine has persisted for far too long, inflicting immeasurable suffering.
Addressing the extraordinary Arab-Islamic Summit, convened to address the current situation in the Middle East, President Tinubu expressed deep concern on the humanitarian conditions in Gaza.
The one-day summit was a follow-up to the Riyadh summit last year, and was attended by Heads of State and Government of the Organization of Islamic Cooperation (OIC) and the League of Arab States.
Edo State Governor, Monday Okpebholo and the Deputy Governor, Dennis Idahosa, were sworn in on Tuesday in Benin City.
Following his victory in the state governorship election held on September 21, 2024, Okpebholo officially took over from former Governor Godwin Obaseki.
Amid heavy crowd and security presence, Okpebholo, accompanied by his two daughters, took the oath of office and allegiance at 1:00 pm administered by the state Chief Judge, Justice Daniel Okungbowa.
Earlier, Idahosa, accompanied by his wife, mounted the podium to take the oath as the deputy governor of the state.
The governor later went ahead to inspect the guard of honour as well as a parade by the officers and men of the Nigeria Police.
Supporters of the party at the stadium cheered all through the oath-taking exercise meant to usher in the new administration in the state.
Speaking after his swearing-in, Okpebholo unveiled a five-point agenda for the development of the state.
In his inaugural speech, he pledged to prioritise security, infrastructure, healthcare, food sufficiency, and education.
The governor declared war on criminals, saying the era of incessant kidnapping and other violent crimes was over.
“Our citizens are a top priority for us. To achieve this, we shall implement programmes carefully outlined in my five-point agenda, designed to grow robust economic growth and improve the lives of our people.
“We will not betray this confidence you have reposed in me and the Deputy Governor, Rt. Honourable Dennis Idahosa,” Okpebholo said.
Bemoaning incessant cases of kidnapping and other crimes, the governor said his administration would be firm in dealing with criminals and improve the security of the state.
“For a long time now, our people have become victims of kidnapping and other violent crimes.
“To end this ugly situation, we will be firm in dealing with criminals and improve the security of our land, so that farming and other business activities will flourish again.
“The deplorable condition of our roads has made it difficult for people to move from one part of the state to another.
“Our policy to develop road infrastructure is targeted at constructing roads, drainages, and bridges to ease transportation for all.
“We shall immediately commence work to make the roads passable again.
“We are also ready to partner with the Federal Government, the private sector, non-governmental organisations, those in the diaspora, and other stakeholders, to develop our state across all sectors,” he said.
The governor promised that the new administration would support small businesses and market women with soft loans.
“Our teeming youthful population will not be left out. We shall support them in acquiring relevant skills for self-empowerment.
“My administration shall immediately swing into action to recruit teachers and rebuild the deplorable classrooms.
“Tertiary education will be strengthened in many ways, too, to ensure quality education,” Okpebholo added.
He added, “Fellow citizens, my administration is ready to link communities that have not yet been connected to the national grid to ensure that they have electricity.
“Our traditional institution shall be given the necessary support to play their role as custodians of our rich cultural heritage.
“It is in recognition of this that my administration shall support the decision of the Federal Government to uphold the Oba of Benin as the exclusive owner of the returned artefacts, which were looted by British colonial forces during the Benin Massacre of 1897,” he said.
He promised to work closely with other arms of government to strengthen democracy and good governance in the state.
The governor also announced a panel of inquiry into the remote cause of the failure to inaugurate 14 members-elect of the House of Assembly in 2019.
Okpebholo names new appointees
The governor appointed Dr Cyril Adams Oshiomhole, son of the former governor of the state, Adams Oshiomhole, as the Commissioner for Health-designate.
In a press statement by his Chief Press Secretary, Fred Itua, on Tuesday, the governor also appointed Musa Ikhilor as the Secretary to State Government and a former member of the House of Representatives, Samson Osagie, as the Attorney General and Commissioner for Justice-designate.
Cyril’s academic journey began at St. Anne’s Primary School, followed by Command Secondary School.
He later pursued higher education at Ahmadu Bello University, Zaria, where he earned his Bachelor’s degree in Medicine and Surgery.
He enrolled at Tulane University School of Public Health and Tropical Medicine, New Orleans, LA, where he obtained a Master of Science in Public Health, majoring in Environmental Health, Toxicology, and Disaster Management.
His academic pursuits continued at Harvard University, Boston, where he underwent postgraduate training in Clinical Research and at Queen Mary University, London, where he studied Gastroenterology.
Ikhilor was born on the 6th of August 1980 at the University of Benin Teaching Hospital, Benin City, Edo State.
He attended Ahmadu Bello University, Zaria, where he obtained an LL.B in 2008 (Second class Upper Division). In 2009, he obtained a B.L. (Second Class Upper Division) at the Nigerian Law School and was enrolled as a Barrister and Solicitor of the Supreme Court of the Federal Republic of Nigeria.
In 2017, Ikhilor proceeded to acquire his Masters degree in Telecommunications Law (LL.M) from Ahmadu Bello University, Zaria.
He has over 11 years of experience in legislative drafting, parliamentary administration, lawmaking procedures and processes, constitutional drafting and amendment, and general legislative governance issues working in various capacities at the National Assembly.
In 2019, he was appointed a Consultant to the House of Representatives on the review of the 1999 Constitution of the Federal Republic of Nigeria, where he had been closely analysing and reviewing matters on gender equity, human rights, strengthening institutions of government and creating efficient and transparent processes and systems to deliver good governance.
Also in 2019, he was appointed as Senior Special Assistant and later Special Adviser to the Deputy Speaker of the House of Representatives who also doubled as the first Deputy Speaker of the ECOWAS Parliament.
In May 2022, he was assigned to act as the Chief of Staff to the Deputy Speaker of the House of Representatives when the substantive Chief of Staff resigned to contest in the 2023 parliamentary elections.
In June 2022, Ikhilor was appointed by the Supreme Court of the Federal Republic of Nigeria as a Notary Public.
He is active in business, corporate legal practice and social works where he serves as the Managing Partner of Springfield Legal Consult and as the Executive Director and Board of Trustees member of Amana Legacy Foundation.
“In addition to these roles, he also provides consultancy services to several private and public sector entities. He is married and union blessed with children,” the statement read.
Itua said Osagie, the nominee for Attorney-General, is a private legal practitioner, having been called to the Nigerian Bar on March 22, 1995.
He is also the current Vice President of the African Bar Association (West Africa).
Born on November 11, 1967, Osagie hails from the Uhunmwode Local Government Area of Edo State.
He was a two-term member of the Edo State House of Assembly and also the House of Representatives where he rose to the position of the Minority Whip.
He has been involved in intensive legal practice across Nigeria and the African continent.
He holds a first degree in Law from the prestigious Obafemi Awolowo University, Ile-Ife, a qualifying Certificate for Law practice from the Nigerian Law School, and triple Master’s degrees in Law, Public Administration and International Relations.
He also bagged a Doctorate in Political Economy and Development Studies.
He has been a legal adviser, solicitor, and consultant to many corporate organisations and development partners.
Tinubu congratulates Okpebholo
President Bola Tinubu on Tuesday extended his heartfelt congratulations to Okpebholo on his inauguration as the Edo State governor.
Tinubu conveyed his felicitations through a statement signed by his Special Adviser on Information and Strategy, Mr Bayo Onanuga.
The statement is titled “President Tinubu congratulates Senator Okpebholo on Edo governorship inauguration.”
In his message, the President urged Okpebholo to diligently work to enhance the living standards of the people of Edo State and make a significant impact during his tenure.
Reflecting on the transition, the President noted that after eight years under Obaseki’s administration, Edo State was rejoining the ranks of the All Progressives Congress.
“He emphasised the importance of Governor Okpebholo justifying the confidence placed in him and the APC while fostering true democracy and effective governance in the state.
“The President encouraged Okpebholo to empower the legislature and other vital government institutions throughout his administration, underscoring that a robust and independent legislature is essential for achieving democratic good governance,” the statement read.
Expressing concerns, Tinubu lamented the previous administration’s attempts to undermine the legislative branch, which hindered its effectiveness for much of its tenure.
Additionally, Tinubu commended the Independent National Electoral Commission for the successful conduct of the Edo State governorship election and encouraged the commission to strive for even greater excellence in the upcoming Ondo State governorship election, scheduled for November 16, 2024.
The President celebrated this milestone as a new chapter in Edo State’s democratic journey and rejoiced with the people of Edo for this momentous occasion.
As Okpebholo and Idahosa were sworn in, Tinubu assured Nigerians that the nation’s most challenging economic period was now behind them.
In his address, Tinubu, who was represented by Vice President Kashim Shettima, celebrated what he termed “democracy in its truest form,” stressing the significance of the popular will in shaping Nigeria’s political landscape.
Shettima leads delegation
Vice President Shettima led the Federal Government delegation to grace the inauguration.
Shettima was joined by governors across the country, who were elected on the platform of the APC.
The governors included AbdulRahman AbdulRazaq of Kwara, Sanwo-Olu of Lagos, Dapo Abiodun of Ogun, Hope Uzodimma of Imo, Bassey Otu of Cross River, and Ahmad Aliyu of Sokoto, among others.
The National Chairman of the APC, Dr Umar Ganduje and his predecessor, Adams Oshiomhole, were also part of the ceremony, at the Samuel Ogbemudia Stadium, Benin.
Other dignitaries included the Deputy President of the Senate, Barau Jibrin; Deputy Speaker of the House of Representatives, Benjamin Kalu, among many others.
Parliament calls for youth inclusion
The Edo State Youth Parliament has urged Okpebholo to include youths in his government.
They promised to support the new administration in building a prosperous and inclusive future for the people of the state.
The Chairman of the State Youth Parliament, Fawaz Muhammad, at the inauguration ceremony on Tuesday, congratulated the governor and his deputy, expressing confidence that this would be the beginning of a new era of impactful leadership in the state.
He also expressed the parliament’s readiness to support the new administration in achieving its set objectives for the people of the state.
He said, “The Edo State Youth Parliament is calling on the new governor, Senator Monday Okpebholo, to include youths in his government, as they are ready to support the new administration in building a prosperous and inclusive future for the people of the state.
“We congratulate the governor and his deputy, Dennis Idahosa. We are confident that this will be the beginning of a new era of impactful leadership in the state.
“We believe that under your leadership, Edo State will experience significant advancements in youth development, education, economic empowerment, and community welfare.
“We are confident that this administration will bring hope, opportunity, and progress to every young person in Edo State.
“In this spirit, we humbly encourage your administration to prioritise youth inclusivity within the cabinet and in policies that impact our state.
“By engaging the perspectives and energy of Edo youths, this administration has the unique opportunity of fostering a more innovative, united, and dynamic state.”
Obaseki in Lagos, aide says
An aide to Obaseki has denied claims in some media outlets that the former governor has fled the country.
The aide, who craved anonymity, told The PUNCH that Obaseki was in Lagos on Sunday, where he was hosted by friends and business associates.
He also stated that the governor, in a broadcast on Monday night, spoke to the Edo people, thanking them for the support they gave him while he was in the saddle.
He noted that the former governor was passionate about Edo and he would always be a regular feature in the state.
He said, “There is no truth that the former governor has fled the country. There is no need for him to do that. His friends hosted him in Lagos on Sunday and he spoke to the Edo people in a broadcast on Monday.
“It is mischievous to say that Obaseki has run away from the country. He will remain in Nigeria and still support the Edo people.”
Edo APC Transition Committee on Monday recommended the institution of enquiry into the finances of the state under the outgoing administration led by Godwin Obaseki.
The 25-member committee headed by a former deputy governor, Pius Odubu, noted that the outgoing government didn’t provide audited financial statements published or unpublished.
The committee also asked the new administration to carry out a complete review of all Memoranda of Understanding on the management of the Central Hospital and Stella Obasanjo by the outgoing government.
It also recommended that all the local and foreign debts incurred under Obaseki must be accounted for, pointing out that even the procurement agency in its report to the transition committee indicted the government.
The committee noted, “All employment carried out in recent past by the outgoing administration be cancelled, while Okpebholo has to investigate the true ownership of the Ossiomo Power Plant and Radisson Blu Hotel as well as the Museum of West Africa Art with a view to knowing the state’s equity in these companies as the outgoing government didn’t provide information on this.
“We also demand that the new administration should carry out a comprehensive review of the world bank funded EdoBest programme and that a probe be instituted to uncover its rather ‘opaque’ operations. All major contracts issued by the state government under the Ministry of Roads and Bridges should be reviewed as they appear not to have followed due process, including the payment advance awarded to the contractors.
“The procurement agency indicted the government in its own report to the Transition Committee hence we have advised the new governor to take a critical review. The ICT ecosystem should be streamlined as there appears to be a duplication of duties.
“The outgoing government didn’t provide audited financial statements published or unpublished hence the committee is advising the government to institute an enquiry into this. The government couldn’t account for the number of teachers in the state hence we demand a proper teacher head count, “the transition committee declared.
Recall that on October 14, 2024, the APC set up a Transition Committee made up of 25 members chaired by the former deputy governor of Edo State, Dr Odubu, to interface with the outgoing government for a seamless transition.
After three weeks of assignments, meetings, interactions, engagements, and analyses of the documents presented to the committee, the Odubu-led committee came out with the recommendations above.
In a significant diplomatic engagement, Saudi Crown Prince and Prime Minister, Mohammed bin Salman bin Abdulaziz Al Saud has assured Nigeria of robust support for its ongoing economic reform programmes.
He gave this assurance during a bilateral meeting with President Bola Ahmed Tinubu on Monday in Riyadh, on the sidelines of the joint Arab-Islamic Summit.
The high-level discussion between the two leaders focused on expanding cooperation in key sectors, including oil and gas, agriculture, and infrastructure.
They also discussed the establishment of the Saudi-Nigeria Business Council, which aims to bolster trade and investment ties between the nations.
Notably, Nigeria is seeking a $5 billion bilateral trade agreement with Saudi Arabia to further stimulate economic growth.
One of the standout points of collaboration is the involvement of the Saudi Agricultural and Livestock Investment Company (SALIC), which made a substantial investment of $1.24 billion in 2022 to acquire a 35.43% stake in Nigeria’s Olam Agri.
Current negotiations seek to increase SALIC’s participation in the firm, enhancing its potential to become a global agro-allied leader.
The Crown Prince also lauded President Tinubu’s economic reforms, drawing parallels to the strategies he employed to fortify Saudi Arabia’s growth when he assumed the position of Prime Minister.
He expressed confidence in the partnership and committed to ensuring that discussions from the meeting materialize into actionable projects.
In attendance at the meeting were Prince Abdullah bin Bandar bin Abdulaziz, the Saudi Minister of National Guard, Prince Khalid bin Salman bin Abdulaziz, the Minister of Defense, along with senior officials.
Separately, the joint Arab-Islamic Summit, convened in Riyadh on November 11, 2024, has renewed the mandate of Nigeria and other member states on the Ministerial Committee.
This committee, originally established during the first summit in 2023, is tasked with seeking solutions to the conflict in Gaza and Lebanon.
The resolution urged the committee to amplify efforts and extend its diplomatic activities to address the aggression affecting Lebanon, with periodic progress reports to be shared with member states by the OIC and League of Arab States.
The committee, led by Saudi Arabia and comprising foreign ministers from Nigeria, Egypt, Qatar, Turkey, Indonesia, Palestine, and Jordan, is set to deepen engagement with leaders across the Global South to build broader international consensus aimed at ending hostilities and the Israeli occupation.
The summit’s resolutions highlight a collective push towards peace and stability in the region, reflecting shared aspirations among participating nations.
‘We Will Stand Firmly Against Any Malpractice’ – Atiku Endorses Candidate For Ondo Guber Election
AFOLABI
Former Vice President Atiku Abubakar has called on members of the Peoples Democratic Party (PDP) in Ondo State to mobilize overwhelming support for the victory of the party in the governorship election coming up on Saturday.
The former Vice President, in a press statement on Tuesday signed by his media adviser, Paul Ibe, noted that the PDP flag bearer in the election, Hon. Agboola Ajayi is a consummate politician who has what it takes to not only galvanize the party to victory in the election but also improve the lot of the people of the Sunshine State.
“The governorship election that is coming up in Ondo State this Saturday presents an opportunity for the people of Ondo State to elevate the condition of the state into increased prosperity.
“The APC, as it has been made clear to everyone, is a grossly unpopular party which does not have the interest of the people as a core objective.
“The people of Ondo State have an opportunity in Hon. Ajayi of the PDP to tell the APC that enough is enough.
“As leaders of the party, we shall provide all necessary support to ensure that the APC is not allowed to repress the wishes of the electorate in this election.
“This is also a sound warning to all election management officials and volunteers that the PDP will stand firmly against any malpractice in the Ondo governorship election,” Atiku added.
The former Vice President, however, called on the people of the Sunshine State to come out in large numbers to cast their ballot and also make sure that their ballots count.
“When the tide is high, it becomes too big to rig. The people of Ondo State are known for their forthrightness, and this particular election calls for eternal vigilance,” Atiku noted.
Ekperikpe Ekpo, the minister of state for petroleum resources (gas), says Nigeria has signed a $1.2 billion contract with China National Chemical Engineering (CNCEC) to revamp a gas processing plant in Akwa Ibom.
Ekpo, announcing the deal on X on Tuesday, said the gas plant is crucial for the production of aluminium in the country.
He said the contract, signed between CNCEC and BFI Group — the core investor in the Aluminium Smelter Company of Nigeria (ALSCON) — is the first step towards reviving the dormant firm.
The minister also said the deal would see CNCEC resuscitating the 135 million standard cubic feet per day gas processing plant at the dormant smelter, which can produce around 300,000 tons of aluminium annually.
“It brings me great satisfaction to announce a pivotal agreement between BFI Group and CNCEC International to revive the long-dormant 135MMscfd Gas Processing Plant at ALSCON in Ikot Abasi, Akwa Ibom state,” Ekpo said.
“This $1.2 billion investment marks a historic step forward for Nigeria’s industrial sector, placing ALSCON back on the path to becoming a leading aluminium producer for both domestic and international markets, with an annual capacity of 300,000 metric tonnes.
“This ‘epoch-making’ partnership reflects the steadfast commitment of President Bola Tinubu to foster investments in natural gas utilization, supporting Nigeria’s industrialization, economic growth, and development.
“I commend the collaborative synergy between BFI Group and CNCEC International, as well as the fruitful relationship between the governments of Nigeria and China that is driving this ambitious vision forward.”
Ekpo expressed optimism that the agreement would expedite actions necessary to restart the gas processing facility, which will be the first phase to reignite the ALSCON plant.
“The reactivation of ALSCON promises to reshape Nigeria’s aluminium sector, using natural gas to position the country as a significant player in Africa and on the global stage,” he added.
The minister also congratulated the BFI Group and CNCEC International on achieving the significant milestone.
He expressed belief that the project would be delivered on time and within budget through the companies’ expertise and dedication.
In September, the federal government announced plans to revive the ALSCON, stressing that when fully operational, the company would contribute to the nation’s economy.
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Senator Monday Okphebholo has officially been sworn-in as the Governor of Edo State.
Naija News reports that Dennis Idahosa was also sworn-in as the Deputy Governor of the State.
The ceremony took place on Tuesday at the Samuel Ogbemudia Stadium in Benin City, the state capital, two months after the All Progressives Congress (APC) clinched the ticket to the Dennis Osadebay House.
Recall that Okpebholo emergence came after his victory in the September 21, 2024 governorship election in the state, having defeated his closest rival and candidate of the Peoples Democratic Party, Asue Ighodalo.
Okpebholo becomes the fifth governor of the state since the Fourth Republic commenced in 1999.
The ceremony was attended by Vice President Kashim Shettima, Deputy Senate President Jibrin Barau, Deputy Speaker Benjamin Kalu, immediate-past Deptuy Governor Philip Shaibu, Senator Adams Oshiomole, the Minister of Aviation Festus Keyamo, among others.
[STATE HOUSE PRESS RELEASE] At Saudi Summit, President Tinubu Demands End To Israeli Aggression In Gaza, Wants Vision Of Two-State Solution Actualized
Admin![[STATE HOUSE PRESS RELEASE] At Saudi Summit, President Tinubu Demands End To Israeli Aggression In Gaza, Wants Vision Of Two-State Solution Actualized](/media/k2/items/cache/59df34e562cfea8f79fa8925a3979042_XS.jpg)
President Bola Tinubu on Monday in Riyadh, Saudi Arabia called for an end to Israeli aggression in Gaza, warning that
"the conflict in Palestine has persisted for far too long, inflicting immeasurable suffering."
Addressing the extraordinary Arab-Islamic Summit, convened to address the current situation in the Middle East, President Tinubu expressed deep concern on the humanitarian conditions in Gaza.
The one-day summit was a follow-up to the Riyadh summit last year, and was attended by Heads of State and Government of the Organization of Islamic Cooperation (OIC) and the League of Arab States.
Reiterating Nigeria's call for an immediate ceasefire in Gaza, President Tinubu affirmed the country’s support for a two-state solution, where both Israeli and Palestinians can co-exist in security and dignity.
He noted that this solution remained a viable part to lasting peace in the region.
''The conflict in Palestine has persisted for far too long, inflicting immeasurable suffering on countless lives.
''As representatives of nations that value justice, dignity, and the sanctity of human life, we have a moral obligation to collectively bring about an immediate end to this conflict.
''It is not enough to issue empty condemnations. The world must work towards an end to Israeli aggression in Gaza, which has persisted for far too long.
"No political aim, no military strategy, and no security concern should come at the expense of so many innocent lives,'' he said.
The Nigerian leader called on parties in the conflict in the Middle East to respect the principles of proportionality and the basic rights of civilians, consistent with global legal and diplomatic frameworks.
''In a rules-based international order, States have the right of self-defence. But self defence must take proportionality into account, in line with global legal, diplomatic - and moral - frameworks.
''An entire civilian population, their dreams and futures, cannot be dismissed as collateral,'' he said.
Explaining Nigeria's principled and consistent stance on the two-state solution, President Tinubu noted that it stands as a beacon of hope, representing the rights of both Israelis and Palestinians to self-determination and peace.
''It is not just a diplomatic article of faith; it is a vision grounded in the principles of equality and mutual recognition.
''Achieving this vision requires a commitment to dialogue and respect for history. We all know this conflict did not begin on October 7 in 2023. It can only be resolved through principled compromise, based on appreciation of the proper context.
''This conflict, in the cradle of history, is so visceral that the ripples of division spread far and quickly. The corrosive impact of the images of endless violence, repeated on a billion smart phones around the world is huge. We need to find new pathways to peace, without delay,'' he said.
The Nigerian leader commended King Salman of Saudi Arabia and Crown Prince Mohammed bin Salman for convening the summit, describing it as a vital opportunity to renew diplomatic efforts and work toward a sustainable peace.
He assured that Nigeria given its own experiences would continue to support international efforts that advance peace and stability in the Middle East.
''Our own experiences, domestically and regionally, have taught us that identity politics are no substitute for respecting the nuances of diversity,'' he said.
According to President Tinubu ''the path to reconciliation may be fraught with challenges, but it is through honest conversation that we can foster understanding.
''The international community has the opportunity to bring to bear new thinking on this most relentless challenge.
''It is our duty to engage in this dialogue with sincerity and resolve, recognising the complexities that each side faces.''
President Tinubu called for the establishment of a secretariat to implement the resolutions of the Summit.
He urged the leaders to mandate a select Heads of Government to canvass support globally and oversee the implementation of the Summit resolutions, providing regular reports to a joint OIC and Arab League leadership until permanent peace is achieved in the Middle East.
In his opening remarks, Saudi Arabia's Crown Prince Mohammed bin Salman condemned Israeli actions in Gaza and Lebanon, including the targeting of civilians and the continued violation of the Al-Aqsa mosque.
He also condemned Israeli ban on the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) from delivering relief aid to Palestinians and the displacement of Lebanese people.
He emphasized the importance of preserving Lebanon's sovereignty and territorial integrity.
The Crown Prince highlighted Saudi Arabia's role in promoting Palestinian statehood based on the 1967 borders, mentioning international recognition and the establishment of a Global Coalition with the European Union and Norway.
He urged more states to join the Global Coalition.
Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
The Independent National Electoral Commission, INEC, has delivered sensitive materials for this Saturday’s governorship election in Ondo State.
In a post via its official X handle on Monday, INEC said the materials were transported by the Nigerian Air Force, NAF, and have been received by officials of the Central Bank of Nigeria, CBN.
The post read, “Sensitive materials for the Ondo State governorship election, scheduled for Saturday, 16th November 2024, have arrived in Akure, the state capital, and have been received by officials of the Central Bank of Nigeria.
“The materials were conveyed to Akure by the Nigerian Air Force.”
Some parts of the Federal Capital Territory (FCT) have suffered a disruption in power supply as suspected vandals have attacked the 330kV Lokoja – Gwagwalada transmission line 1, according to the Transmission Company of Nigeria (TCN).
The TCN in a statement on Sunday said the attack which took place in the early hours of November 9, 2024, affected three of its transmission towers.
“Early on Saturday, TCN engineers attempted to re-energize the 330kV Lokoja–Gwagwalada transmission line 1, but the line tripped. After efforts to reclose the line failed, a patrol team of TCN linesmen was dispatched to physically trace the line for faults. Upon inspection, they discovered that transmission towers T306, T307, and T308 along line 1 had been vandalized, disrupting bulk power transmission along the route.
“Further examination revealed that the vandals had stolen two spans of aluminium conductor from line one. The Lokoja–Gwagwalada line is a double-circuit transmission line, and while TCN is still supplying bulk power through line two, efforts are underway to source replacement aluminium conductors for the two spans stolen from line one”.
TCN noted that “the rising trend of vandalism targeting transmission lines and towers has become a significant challenge, severely impacting the country’s power infrastructure and hindering the expansion and stability of the national grid. This recent incident adds to an alarming pattern of attacks on the transmission network nationwide.
“In the Gwagwalada area alone, recent acts of vandalism include the attack on the Gwagwalada–Kukuwaba–Apo transmission line on 10th December 2023, the Gwagwalada–Katampe line on February 26, 2024, and several others on that axis. Such acts of vandalism continue to disrupt the stability and growth of Nigeria’s national grid.
“We once again appeal to members of the public, especially residents of communities hosting transmission lines and towers, to collaborate with TCN and security operatives in combating this menace. Vandalism of power installations is a disservice to us all and undermines efforts to strengthen the nation’s transmission system”.
TCN did not, however, state which part of Abuja was affected by the supply disruption.
The development comes following incessant grid collapses (11 so far in 2024) that threw millions of homes into darkness across the country.