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We will make laws to protect local industries, says Akpabio, after tour of Dangote Refinery
The President of the Senate, Godswill Akpabio has assured Indigenous investors that the National Assembly will make laws to encourage investment and protect local industries.
Akpabio gave the assurance after leading the leadership of the Senate on a guided facility tour of the World largest single-train refinery, Dangote Petroleum Refinery and Fertiliser Plant in Lekki, Lagos at the weekend.
The Senate President was accompanied on the tour by the Deputy Senate President, Barau Jibrin, Senate Leader, Opeyemi Bamidele, Senate Deputy Leader, Lola Ashiru, Senate Deputy Majority Whip, Nwebonyi Onyekachi, Senate Minority Leader, Abba Moro, Senate Deputy Minority Leader, Lere Oyewumi, Senate Minority Whip, Osita Ngwu and Senate Deputy Minority Whip, Rufai Hanga.
Others were Chairmam Senate Committee on Petroleum(Downstream), Ifeanyi Ubah and his Deputy Jide Ipinsagba who is also Chairman, Committe on Niger Delta Affairs, Senator Tokunbo Abiru who is representing Lagos East which covers the site of the Refinery at Ibeju Lekki and Chairman, Senate Committee on NDDC, Asuquo Ekpenyong .
They were conducted round the huge industrial complex by the President of the Dangote Group, Aliko Dangote, assisted by the Group’s Vice President for Oil and Gas, Devakumar Edwin. The Governor of Lagos State, Babajide Sanwo-Olu also joined them on the tour.
Speaking after the facility tour, Akpabio assured Dangote and Nigerian entrepreneurs in general that “we are going to consume what we produce.”
He said:”Don’t expect any investment from us but we will invest in our ideas, we will invest in legislations to protect this business.
“Today, we are leaving here convinced that we are going to consume what we produce. We will no longer allow people to bring in products that will give our people cancer when we have the one that is cancer free.
“We will make laws that will encourage investments and we will also make laws that will protect local industries. Nobody can fault us when we go out there and say we can no longer import what we know we can produce here. So let us consume what we produce.”
The Senate President also explained the rationale behind the facility tour of Dangote Refinery by the Senate leadership:”To be honest, it is better for you to come and see. Out there in Abuja, many of us were told that this Refinery was a farce.
“We were told that it was just another dream pipe, it was never going to work, when over 240 million people can build two refineries – one in Kaduna, one in Portharcourt, even another one in Warri and none has worked in the last 50 years.How can one human being now come and make a refinery to work in Nigeria?
“You have shamed all the critics. Now you have challenged the National Assembly now to undertake major oversight into why Ajaokuta Steel Complex is dead. You have challenged us to find out why Aluminium Smelter Company in Ikot Abasi is dead.
“You have also challenged us as Nigerians to find out why the biggest Paper company in the world at Oku- Iboku is also dead after billions of dollars has been sunk into them.
“Even with the presentation yesterday, I pitty you. You are going to have a lot of envious people around you. Even your friends will envy you because people will say why you. How can you succeed where others have failed? How can you succeed where nations have failed? How can you succeed where continents have failed?
“But you have succeeded. It is the grace of Almighty Allah that has guided you to succeed. We came because the 10th Assembly is a progressive Assembly that believes in the people of Nigeria.
“We came because we believe that we must make legislations to encourage businesses and also encourage foreign direct investment in Nigeria.
“We came, not as doubting Thomases but with a lot of hope that yes, we can use the Dangote Refinery to renew the hope of the young people in this country. For them to know that the future is brighter than what we saw in the past. We came to announce our own endorsement of this major accomplishment that you have brought to bare.”
In his remarks, Governor Sanwo-Olu was full of praises for the Senate to have considered it fit to embark on the facility tour: “Mr Senate President, my take is to thank you and your colleagues for finding time to come here to see things for yourselves.
“And because you have come, you have seen, we believe that in your leadership, you will also use the 10th Assembly to further legislate innovative ideas like this, to further put the template of Nigeria forward where businesses can thrive, policies and programmes of government that can help to create several Aliko Dangotes, that can create several businesses that will indeed leapfrog and take this government and this country forward.”
Sanwo-Olu thanked Dangote and the entire management of the Dangote Group for putting Nigeria on the world map and for putting the country in “the global scheme of can do, can dream and with all the sensibility of possibilities.”
Also speaking after taking his guests round the Refinery and Fertiliser plant, Dangote specifically urged the Federal lawmakers for legal protection of the huge investment made.
“Without the policies that were laid down by the government, there is no way Nigeria would have been self sufficient in Cement, Fertiliser and Petrochemicals.
“Nigeria has been importing refined products the last 30 years. But without the right policies, nobody will come and put a dime. So I must thank you for giving the right laws for people to come and invest.
“Despite being a private-sector project, Dangote Refinery is doing a patriotic job in ensuring that Nigeria meets its aspirations of self sufficiency in refined products. And not only in self sufficient, we will export to all our neighbours. All the West Africa and Central Africa, up to Brazil.
“Actually, we have been shipping now up to Mexico from here. Therefore I urge you to please consider this Refinery as our national asset given the envisaged long multiplier effect on the economy.
“Indigenous investment of such magnitude ought to be protected and backed by law that should prevent disruptions in its activities.
“I want to assure you, with this Refinery, we will stop all the bad Petroleum products imports not only to Nigeria but into the Continent.”
News
Trump Replies Episcopal Bishop’s Call for Mercy on LGBTQ+ Community and Migrant Workers
By Kayode Sanni-Arewa
During the inaugural prayer service, Right Reverend Mariann Budde, the Episcopal Bishop of Washington, delivered a poignant message urging President Donald Trump to extend mercy to the LGBTQ+ community and undocumented migrant workers.
Her powerful appeal was made in front of a congregation gathered for the historic event, calling on the president to embrace compassion and understanding toward marginalized groups.
Following the service, President Trump was asked about the sermon and the bishop’s remarks.
In a brief interaction with the press, the president remarked that he did not believe the service had been “a good service,” without further elaborating on his stance.
Bishop Budde’s remarks have sparked a range of reactions, with advocates for LGBTQ+ rights and immigrant communities expressing hope that her call would resonate with the president, while others have criticized the president’s response.
The appeal for mercy and inclusion comes as the new administration begins its term, and its stance on issues of social justice and human rights remains closely watched.
News
Inflation, Rising Costs Behind 50% Telecom Tariff Increase – Minister
…FG to invest ₦6bn in fibre optic expansion
By Gloria Ikibah
The Minister of Communication, Innovation, and Digital Economy, Dr. Bosun Tijani, has attributed the recent 50 percent increase in telecommunication tariffs to inflation and rising operational costs.
The Minister disclosed this during the 2025 budget defense session held by the joint House of Representatives and Senate Committees on Communication, on Tuesday in Abuja.
Explaining the rationale behind the tariff hike, Dr. Tijani stated that the move aligns with broader economic trends where increased tariffs lead to higher consumer prices due to added costs on imported goods.
The Minister also revealed plans by the Federal Government to invest ₦6 billion in the deployment of 90,000 kilometers of fiber optic cables, increasing Nigeria’s current coverage from 35,000 kilometers to 125,000 kilometers, and he described this initiative as a critical step towards boosting communication infrastructure and fostering growth in key sectors of the economy.
“Tariffs act as a sales tax, causing a one-off price increase rather than sustained inflation.
“Outside of South Africa and maybe Egypt or Tunisia, many African countries face a significant deficit in fiber optic cable coverage.
“This is going to become a big business. We want Nigerian companies not only to lay cables within Nigeria but also to provide these services for neighboring countries. And we want our people to be the workforce driving this transformation,” he said.
Dr. Tijani who emphasised the importance of communication infrastructure in ensuring security and economic development, highlighted the historical reliance on private investment for telecommunications infrastructure, which has often prioritized profitable urban areas over rural communities.
“Private companies only invest where they see potential returns.
“They use tools like night-time satellite data to identify economic activity, represented by lights, and focus their investments in those areas. This has left many underserved regions without proper infrastructure. Addressing this disparity is a priority for us,” he explained.
The Minister, however, lamented the inadequate funding of the Ministry, which he said hampers its ability to fulfill its mandate effectively.
“The Ministry is underfunded compared to agencies like the NCC. We lack the necessary resources and software to track revenue-generating activities efficiently. With better funding, the Ministry could generate significantly more revenue and enhance its impact,” he said.
In his remarks, Senator Shuaib Salisu, Co-Chairman of the Senate Committee on Communication, acknowledged the critical contributions of the communication sector to Nigeria’s economic growth. He called for a review of the Ministry’s 2025 proposed budget to ensure it is adequately equipped to deliver on its mandate.
Following discussions, the Committee adopted a motion urging the Committees on Appropriation to consider an upward revision of the Ministry’s budget for 2025.
News
Kalu Calls On UK Govt to Support Nigeria’s War Against Corruption
…praised diplomatic ties between the two countries
By Gloria Ikibah
The Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, has called on the government of United Kingdom (UK) to support Nigeria’s fight against corruption.
The Deputy Speaker made the call during his speech in an event tagged “UK-Nigeria Collaboration: A Parliamentary Strategic Dialogue” which attracted the presence of the Deputy Leader of the British House of Lords, Rt. Hon. Lord Collins among other members of parliament from Nigeria and UK in London on Wednesday.
Kalu emphasized the importance of collaboration between the two countries in tackling corruption amongst other challenges.
He commended the diplomatic ties between Nigeria and the United Kingdom, highlighting the potential for deepened economic relationships.
Referencing the partnership between Nigeria and the UK as a testament to shared values and mutual interests, Kalu added that by deepening collaboration across these sectors, both countries will unlock the opportunities for sustainable growth and development.
He said: “The UK-Nigeria Strategic Partnership establishes a comprehensive framework for deepening bilateral relations and achieving shared objectives. This collaboration spans six pillars: Growth and Jobs: Through the Enhanced Trade and Investment Partnership (ETIP), both nations will drive mutual economic growth by addressing market barriers, boosting two-way trade, and fostering sustainable investments in manufacturing, agriculture, and energy.
“Both nations commit to facilitating safe migration, tackling visa abuse, and operationalizing prisoner transfer agreements while advancing reforms in global financial systems.
“I wish to call on the UK Government to intensify its efforts towards supporting Nigeria’s war against corruption in all its facets. One of the ways the UK can support this fight is to ease the process of repatriation of monies seized from Nigerian officials that are trapped in the UK financial system. Incidentally, I am here with the Chairman of the Nigerian Parliament Committee on Financial Crimes and he will be happy to continue the conversation with relevant officials.
“Nigeria seeks the UK’s continued support in recovering illicit funds. Enhanced collaboration should focus on: Setting up mechanisms to curb illicit financial flows. Strengthening institutions to combat corruption. Facilitating asset recovery processes through bilateral agreements”.
Kalu who is the Chairman, Nigeria’s House Committee on Constitution Review and an advocate for political inclusion also called on the UK’s Foreign, Commonwealth & Development Office (FCDO) to support the work of the panel.
“As Chair of the House Committee on Constitution Review, I acknowledge the monumental task of refining Nigeria’s constitutional framework to reflect the evolving needs of its people. Key issues under deliberation—such as the creation of special status seats for women in legislative assemblies, the enactment of more gendersensitive legislation, and the potential introduction of sub-national policing—are pivotal to fostering inclusive governance and addressing the nation’s security challenges.
“Thus, I implore the UK’s Foreign, Commonwealth & Development Office (FCDO) to extend tailored support to the Committee’s critical work. By providing technical assistance, research expertise, and capacity-building programs, the FCDO can help ensure that these constitutional reforms are comprehensive, evidence-based, and aligned with international best practices.
“Such support would not only strengthen Nigeria’s democratic institutions but also reinforce shared values of equity, justice, and security, which underpin the UK-Nigeria Strategic Partnership. This collaboration would demonstrate a profound commitment to empowering marginalized groups, ensuring safer communities, and fortifying Nigeria’s legislative framework for future generations”, he said.
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