News
Gabon’s President Invites Dangote To Explore Investment Opportunities In Country’s Cement, Fertiliser Sectors
This invitation comes on the heels of Dangote’s recent decision to abandon plans for a major investment in Nigeria’s steel industry, following allegations of monopoly.
Gabon’s President Brice Oligui Nguema has met with Aliko Dangote, President and CEO of Dangote Industries Limited, to explore investment opportunities in Gabon’s cement and fertiliser sectors.
This invitation comes on the heels of Dangote’s recent decision to abandon plans for a major investment in Nigeria’s steel industry, following allegations of monopoly.
“President/CE of Dangote Industries Limited, Aliko Dangote, (left) in Gabon on invitation of the President, Brice Oligui Nguema (right) to explore investment opportunities in Cement and Fertiliser (Urea and Phosphate),” Dangote Group disclosed on its X account on Tuesday.
Dangote, Africa’s wealthiest individual, had scrapped plans to invest in a new steel plant in Nigeria.
This decision comes after the government raised concerns that Dangote’s newly built refinery in the country would give him a monopolistic advantage.
“Our own board has decided that we should not have the steel plant. If we do, we will be called all sorts of names,” the President and Chief Executive Officer of Dangote Group said at a media briefing on Saturday at the refinery in Lagos.
Dangote appealed to other wealthy Nigerians to prioritise investing in their homeland, rather than funnelling their resources into international locations such as Dubai.
By doing so, he believes they can contribute significantly to the nation’s economic development and prosperity.
“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 country,” he said.
Dangote earlier revealed his company’s plans to venture into steel production, aiming to make Nigeria the primary source of steel for West Africa.
He emphasised his desire to industrialise and advance the continent by processing solid minerals locally, rather than relying on foreign entities to do so.
Dangote stressed that his goal was to ensure that all steel used in West Africa was sourced from Nigeria.
This declaration followed the opening of his refinery project.
Last week, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed said Dangote had requested for total suspension of fuel importation into the country.
Mr Farouk who said this in a video issued by the State House media on Thursday, claimed that Dangote made the request to ensure that all oil marketers in the country would patronise only his refinery for fuel.
He further stated that the agency was unwilling to approve such a request in order to prevent a monopoly and due to concerns about the quality of the product coming from the Lagos-based refinery.
News
Ecuador Midfielder Dies At 22 After Car Crash
Ecuador international, Marco Angulo has died at the age of 22 a month after being seriously injured in a car crash, his club has announced.
The LDU Quito midfielder had been in hospital since the incident on 7 October in the south of Ecuador’s capital Quito.
Reports in Ecuador, external said he underwent several operations and spent over a week in intensive care, before passing away on Monday night.
“With deep sorrow and sadness, we regret to have to inform you of the death of our dear player Marco Angulo,” LDU Quito, who plays in Ecuador’s top flight, said in a statement on Tuesday morning.
“We convey our condolences to his family and his loved ones.
“His passing is an irreparable loss which will leave an indelible mark in our hearts.”
Angulo’s parent club, Major League Soccer outfit FC Cincinnati, said they were “heartbroken to share” news of his death.
After a single season in the United States, Angulo joined LDU Quito on loan with an option to buy in March 2024.
Angulo made 16 appearances for the club. His last appearance came on 6 October – a day before the car crash.
He made his debut for Ecuador in November 2022, coming on as a substitute in a 0-0 draw against Iraq, and earned three caps for his country.
“The Ecuadorian Football Association expresses its deepest sympathy over the death of Marco Angulo,” a statement from the governing body read.
“Marco was not only an outstanding player but also a great team-mate. He leaves a deep sorrow in our hearts, especially in those of us who went with him on countless trips, and to training camps and matches.
“Rest in peace, Angulito.”
According to Ecuadorian reports, Independiente del Valle footballer Roberto Cabezas and a friend, Victor Carcopa, also died in the accident.
There were two other passengers in the car at the time. Their condition is unknown.
News
Many hospitalised as thugs attack PDP supporters in Ondo
At least six persons were attacked when suspected armed thugs attacked the members of the Peoples Democratic Party (PDP) in Idanre, Idanre Local Government Area of Ondo State.
The violent attack on the opposition party members is coming two days before the weekend governorship election.
A chieftain of the party in the state, Adeyemi Fasoranti, named one of the victims, Olowoniyi Akinleminu, as a popular politician in the town.
Mr Fasoranti said other victims were taken to the intensive care unit of the State Specialist Hospital for medical attention.
Explaining the attack, Mr Olowoniyi said the thugs unleashed terror on the people because of the success of the party’s rally in the local government.
Another PDP chieftain, Bosede Salami, revealed that many of the opposition party members had been threatened by the suspected political thugs and cultists invited by political gladiators.
Confirming the incident, the state commissioner of police, Oladipo Abayomi, has directed the State Criminal Investigations Department (SCID) to launch a full-scale investigation into the incident.
Mr Abayomi, in a statement by the command’s spokesperson, Funmilayo Odunlami-Omisanya, said a peace meeting of the leaders of the major political parties in the town had been convened.
“The case, which has escalated into violence and attempted murder, is currently under investigation to ensure that those responsible are held accountable and that peace is restored in the area, particularly at such a critical juncture in the state’s history.
“The CP has made it clear that the command will exercise zero tolerance towards any individual or group, whether directly or indirectly involved, who engages in or permits actions that could disrupt the peace before, during, or after the election.
“He calls on parents, community leaders, and influential figures to warn their followers, children, and loved ones to avoid any form of disruptive behaviour during this period,” the statement.
News
JUST IN: Govt Declares Friday As Public Holiday
The Ondo State Government has declared Friday as public holiday to enable civil servants and others to travel to their various communities to exercise their civic responsibilities.
This was contained in a statement on Wednesday evening signed by O.F Ayodele, Permanent Secretary, Office of the Head of service.
The statement reads, “The 2024 Governorship Election in Ondo State has been scheduled by the Independent National Electoral Commission (INEC) to hold on Saturday, 16th November, 2024.
“To this end, the Ondo State Government has declared Friday, 15th November, 2024 as Work-Free Day for Public Servants in the State to enable them travel to their various communities to exercise their civic responsibilities.
“All Accounting Officers are to note the content of this Circular and disseminate same to all staff of their respective Ministries, Departments and Agencies.”
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