Politics

Dangote Targets $30bn Revenue To Strengthen Naira

Published

2 years ago

August 23, 2024

President of Dangote Group, Aliko Dangote, has said his businesses’ $30bn revenue target by the end of 2025 will boost the naira.
Dangote stated this on Sunday during a tour of Dangote Petroleum Refinery & Petrochemicals, and Dangote Fertiliser Limited by media executives, indicating a plan to attain independence from the Central Bank of Nigeria in foreign exchange sourcing.
He said the expected significant inflow of forex into Nigeria through his businesses will automatically boost the value of our local currency and make the naira regain its value in the comity of international currencies worldwide.
The refinery began full operations in 2024, initially focusing on refining intermediate products, such as polypropylene, naphtha, RCO, petrol, diesel, and jet fuel.
He explained that the refinery entered its steady-state production phase in March 2024.
He anticipated production ramping up to 500,000 barrels per day with 15 crude cargoes per month by August, increasing to 550,000 bpd by the end of the year, and aiming for 650,000 bpd by the first quarter of 2025.
“Petrol production will commence in July with sales from August”, he assured.
He also revealed that the group intends to list Dangote Petroleum Refinery & Petrochemicals and Dangote Fertilizer Limited on the Nigerian Exchange Group in the first quarter of 2025.
He added that this initiative would enable Nigerians to participate in the ownership of these companies.
“Due to the nature of our business with both the refinery and the fertiliser, we are aiming to list them by the end of this year.
“However, depending on circumstances, worst-case scenario, we anticipate listing them before the end of the first quarter of next year.
“This will allow us to offer shares for sale and enable Nigerians to participate as shareholders”, Dangote stated.
The Dangote Refinery, which will process 650,000 barrels per day at full capacity, stands as Africa’s largest oil refinery and the world’s largest single-train facility.
Also, Dangote Fertiliser Limited operates Africa’s largest granulated urea fertiliser complex.
Currently, Dangote Cement is Nigeria’s most capitalised company.

While noting that the total storage capacity of the refinery is 4.5 billion litres, sufficient to cover 20 days of Nigeria’s crude requirement and store products equivalent to 15 days of Nigeria’s petrol consumption, he stressed that the refinery would produce 53 million litres of petrol per day and 1.1 million tonnes per day.

He added that the refinery was equipped with dedicated loading gantries featuring 86 loading bays, along with specialised marine facilities for the offloading of crude and the loading of petroleum products.

The facility, he said, included a 900-kilotonne per annum polypropylene plant, with production capacities of 36,000 tonnes per annum for sulphur and 585,000 tonnes per annum for carbon black.

The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, reiterated the commitment of the company to enhance local capacity in critical sectors of the economy.

He said Dangote Industries Limited had empowered young Nigerians to assume key roles across its operations, with many even becoming expatriates in other nations.

Edwin stressed the refinery’s status as the world’s largest single-train complex constructed entirely by a Nigerian company, highlighting a significant achievement in local engineering and construction capabilities.

Politics

Alleged Coup: Protests Rock N’Assembly As Detained Officers’ Children, Wives Demand Justice

Published

5 hours ago

April 2, 2026

The Tide

Scores of children and wives of military officers detained over an alleged coup plot yesterday staged a peaceful protest at the National Assembly, demanding a speedy trial and the release of the accused officials.

The protesters who gathered at the entrance of the National Assembly complex, moved in a slow procession while clutching placards with inscriptions such as “Don’t Kill Our Daddies,” “Detention Without Trial is Injustice,” and “Six Months of Torture: Enough Is Enough.”

Amid tears and trembling voices, the children appealed for justice and access to their detained fathers, many of whom they said they had not seen for months.

The appeal was made during a press briefing in Abuja attended by no fewer than 20 wives and several children of the detained officers, including a two-month-old baby.

The families were accompanied by human rights lawyer, Deji Adeyanju and activist Omoyele Sowore.

At the briefing, the families lamented that the officers had been held for over 160 days without trial or contact with their relatives, describing the situation as a violation of their fundamental rights.

Speaking on behalf of the families, Memuna Bashiru said the prolonged detention had thrown their households into uncertainty and emotional distress, noting that while allegations had been widely publicised, families remained in the dark about the fate of their loved ones.

The arrest of the indicted officers was first announced on October 4, 2025, by the then Director of Defense Information, Brigadier General Tukur Gusau, who disclosed that 16 officers were taken into custody for alleged breaches of military regulations and acts of indiscipline.

However, an interim investigation later suggested the existence of a clandestine network of officers, allegedly coordinated by a senior Army officer, which had begun preliminary planning for a coup.

According to the report, the alleged plot involved surveillance of key national assets, including the Presidential Villa, Armed Forces Complex, Niger Barracks in Abuja, and major international airports, with October 25, 2025, cited as the planned date for the operation.

Those reportedly in custody include Brig Gen M. A. Sadiq, Col M. A. Maaji, Lt Col S. Bappah, Lt Col A. A. Hayatu, Lt Col P. Dangnap, Lt Col M. Almakura, Maj A. J. Ibrahim, Maj M. M. Jiddah, Maj M. A. Usman, Maj D. Yusuf, Capt I. Bello, Capt A. A. Yusuf, Lt S. S. Felix, Lt Cdr D. B. Abdullahi, Sqn Ldr S. B. Adamu and Maj I. Dauda.

The alleged plot, according to findings, targeted senior government officials, including President Tinubu and Vice President Kashim Shettima.

Politics

APC Resumes Electronic Membership Registration Nationwide

Published

7 hours ago

April 2, 2026

The Tide

The All Progressives Congress (APC) has announced the resumption of its electronic membership registration exercise across the country.

In a statement issued yesterday, the party’s National Publicity Secretary, Mr Felix Morka, said the exercise would take place in all wards and designated centres nationwide.

He called on existing members to update their records, while encouraging new entrants to join the party through the digital platform.

“As the electronic membership registration exercise resumes in all wards and designated locations nationwide, we urge existing members to validate their membership while new members are encouraged to register and join the progressive family,” Mr Morka said.

According to him, eligibility for registration is limited to individuals aged 18 and above who possess a valid National Identification Number (NIN).

The party said the initiative is part of efforts to modernise its operations by transitioning to a digital database that would enhance record accuracy and accessibility.

Mr Morka noted that the e-registration would “digitise the party’s membership register, ensure the integrity of records, and enhance efficient access to membership data for planning and management decisions.”

He added that the move is also aimed at promoting internal democracy within the party and strengthening its commitment to democratic innovation.

The APC had previously introduced electronic registration as part of broader reforms to streamline its membership system and improve organisational efficiency.

Politics

AKPABIO, DIRI, OBOREVWORI, OTHERS VOW TO REELECT TINUBU …AS GIADOM RETAINS APC ZONAL CHAIR

Published

3 days ago

March 30, 2026

The Tide

Senate President, Senator Godswill Akpabio, has declared that with the six South-South states now being controlled by the All Progressives Congress (APC), the zone is set to return the highest votes cast for the reelection of President Bola Tinubu in 2027.

He stated this in Asaba, Delta State, at the party’s zonal congress, noting that the coming together of the governors of the region in the APC was made possible by its zonal Vice Chairman, Chief Victor Giadom.

Senator Akpabio also praised the outgone zonal chieftains of the party, saying they worked hard for the unity of the party and the zone.

“Now that we are complete and focused, we will be the geo-political zone in Nigeria that will turn out the highest votes in 2027 for President Tinubu.

“In the last 46 years or so, our region had not produced a senate president. But under President Tinubu, the South-South region is recognised. We thank the president for giving the South-South a senate president”, he said.

In his speech, the Bayelsa State Governor, and Chairman of the South-South Governors Forum, Senator Douye Diri, described the APC adoption of the consensus option for electing its officials as the best way to foster unity and consolidation in the party ahead of the 2027 general elections.

He expressed satisfaction that politically, the South-South zone now speaks with one voice under the APC, stressing the need for the region to be part of the decision-making process at the national level.

The governor recalled that when he contested for the governorship in 2019, the delegate election process for primaries in the political parties made the exercise rancorous, saying

the slogan then was that without delegates, there will be no governor, but that that has since changed with the consensus mode.

“I like to align myself with the previous speakers on the unity of the South-South zone. In this region politically, the South-South now speaks with one voice. This is important because of the strategic nature of the zone.

“If you are not on the sharing table, in terms of decision-making process, you will be left behind. We need to be united that we will not allow petty divisions among us.

“Let us work together for the unity and protection of APC in the South-South and God willing, all our candidates will come out tops in the 2027 elections. There cannot be anything better than a united family.

“Let me congratulate President Bola Tinubu for his remarkable achievements so far. Political events such as elective congresses like this were usually filled with rancour and violence. But, today, we have adopted the consensus model to produce our party executives from the wards to the regional level”, Senator Diri said.

In their goodwill messages, the Governor of Delta State, Rt. Hon. Sheriff Oborevwori, and others all spoke on unity of purpose to be able to re-elect the President for a second term.

Meanwhile, Chief Victor Giadom was returned as the party’s zonal chairman alongside seven other zonal executives of the party.

Speaker of the Delta State House of Assembly, Emomotimi Guwor, moved the motion for the dissolution of the immediate past zonal executive of the party and was seconded by his Bayelsa State counterpart, Abraham Ingobere.

In his remarks, the reelected zonal Vice Chairman, Chief Victor Giadom, said the gathering of the six governors of the region, lawmakers, ministers and other major stakeholders was an indication of the zone’s commitment to return all APC candidates in next year’s poll.

By: Ariwera Ibibo-Howells, Yenagoa