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Dangote Cement Chair Calls for Private Sector Driven Economic Reform

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The Chairman of Dangote Cement Plc, Emmanuel Ikazoboh, has called on the Nigerian private sector to take the lead in driving trade growth and economic transformation, rather than depending on government intervention.

He made the call while delivering a keynote address at the International Chamber of Commerce (ICC) Nigeria 2025 Annual Dinner and Dance, held in Lagos.

Speaking on the theme, “Tackling Global Trade Frictions for Peace and Prosperity”, Ikazoboh said global tariff wars, supply chain disruptions and protectionist policies have reshaped the international trade landscape and created an urgent need for private sector innovation, investment and leadership.

He described trade, before an audience of leaders from the public and private sectors, captains of industry, diplomats and members of the international business community, as the “soul of nations”, stressing that global commerce has historically driven peace, stability and prosperity. He noted that no nation can achieve sustainable growth in isolation, as trade binds economies and creates shared incentives for cooperation.

According to him, African countries, Nigeria in particular, are at a point where private sector led trade can determine the continent’s path towards diversification, industrialisation and regional integration.

“Africa is at a crossroads, and the future we want will depend on proactive action. Governments cannot shoulder this transformation alone. The private sector must take the lead in driving diversification, boosting industrial capacity and deepening regional trade,” he stressed.

“For Nigeria in particular, this is not the time for complacency. Competing globally requires our businesses to step forward, innovate and champion trade beyond our borders,” he added.

Ikazoboh praised the Dangote Group as an example of how private enterprise can transform national trade outcomes. He recalled that Nigeria was once a major importer of cement, spending heavily on foreign exchange. However, due to Dangote Cement’s sustained investments in manufacturing, logistics and energy infrastructure, Nigeria has evolved into one of Africa’s top three cement exporters, supplying markets across West, Central and Southern Africa.

“The private sector must not wait for the government to drive trade. True trade leadership comes from innovation, risk taking and long-term investment, qualities the private sector already possesses,” Ikazoboh said.

“What Dangote Cement has achieved in turning Nigeria from a cement importer to a major exporter shows what is possible when businesses lead boldly.”
He noted that while trade barriers such as tariffs, logistics bottlenecks and infrastructure deficits create operational challenges, they also present opportunities for forward thinking companies to innovate and expand.

He said the Dangote Group has built regional trade corridors, developed export routes for cement, fertiliser and refined petroleum products, and strengthened intra-African commerce, aligning with the goals of the African Continental Free Trade Area (AfCFTA).

“Trade restrictions create both challenges and opportunities for the Dangote Group, but the company uses its diversified operations, competitive pricing and focus on Pan African integration to build resilience.

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“In addition to this, the Group also navigates trade frictions by building local capacity, developing new trade routes and leveraging trade for export opportunities in products like fertiliser and refined petroleum products.”

Ikazoboh reaffirmed the need for Africa to accelerate the implementation of the AfCFTA, describing it as a game changing platform that gives African producers access to a 1.4-billion-person single market. He stated that despite Africa’s intra continental trade standing at only 15 to 16 per cent, compared to Asia’s 59 per cent and Europe’s 68 per cent, the continent has the potential to unlock exponential growth.

“With the African Continental Free Trade Area, we have drawn a line in the sand. Africa cannot continue exporting raw materials and importing the finished products that should be made on our own soil. AfCFTA is a true game changer, a unified market of 1.4 billion people. And even if only half participate actively, the scale alone is enough to create thousands of new African millionaires,” he emphasised.

The Dangote Cement Board Chairman also warned, however, that the continent must first confront long standing challenges such as nontariff barriers, overlapping regulations, visa restrictions and inadequate infrastructure. He closed by reinforcing Nigeria’s potential to lead the continent’s economic renaissance.

“Nigeria has energy, talent and limitless potential. If potential were a tradable commodity, we would be the biggest exporters in the world. With the right mindset and partnerships, we can build a more prosperous, peaceful and interconnected Africa.”

Photo Caption: L-R, Chairman of Dangote Cement Plc, Special Guest of Honour and keynote Speaker, Emmanuel Ikazoboh and Chairman of International Chamber of Commerce (ICC) Nigeria, Chief Raymond Ihyembe at the 2025 ICC Nigeria Annual Dinner and Dance in Lagos, recently.

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“Stop Spreading Fear” — Presidency Slams Nasboi Over Alleged Fake Terror Clip

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The Presidency has cautioned popular comedian and content creator, Nasboi, over a viral video he posted online, accusing him of spreading fear with what it described as a misleading terror-related clip.

The Special Assistant to President Bola Tinubu on Social Media, Dada Olusegun, raised the concern in a post on his X handle on Tuesday, saying the footage being circulated does not originate from Nigeria and was wrongly presented in a way that could cause public panic.

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He alleged that the video shared by Nasboi was originally taken from another online page that identified the armed men in the clip as terrorists operating in the Republic of Benin, not Nigeria.

According to him, sharing such content without proper context was irresponsible, especially given the sensitive security situation in the country.
He wrote: “You cannot continue to intentionally use your page to spread fear @iamnasboi for whatever reason you might think you have.

“The video you posted was clearly quoted from a page that says these are Beninese terrorists. This means the footage is from Benin Republic and has nothing to do with Nigeria.

“We have our challenges, but you using your wide reach to spread fear with a fake footage is the highest form of irresponsibility. You can do better!”

The presidential aide did not give further details on when the video first surfaced or whether any official verification was conducted on its origin.

Nasboi had earlier shared the clip with the caption “PRESIDENT @officialABAT,” showing armed men on motorcycles carrying out an attack in a rural setting.

The post sparked mixed reactions online, as users debated whether the footage was genuinely from Nigeria or another West African country.

Although similar videos have previously been linked to extremist groups operating in the Sahel region, there has been no independent confirmation that the viral clip originated from Nigeria.

 

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Why FG Scrapped 3-Month Pre-Retirement Leave for Civil Servants

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The Federal Government has abolished the practice of granting civil servants a mandatory three-month pre-retirement leave, saying the arrangement was based on a wrong interpretation of the Public Service Rules and had no legal backing.

The directive was issued in a circular by the Head of the Civil Service of the Federation, Didi Walson-Jack, and sent to ministries, departments and agencies (MDAs), including top government officials across the federal civil service.

According to the circular, what is commonly referred to as “pre-retirement leave” is not recognised in the Public Service Rules. Instead, it is meant to be a structured three-month notice period that some MDAs mistakenly converted into automatic leave.

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The government explained that this misinterpretation had led to many experienced officers leaving active duty earlier than required, creating avoidable gaps in manpower and affecting service delivery in some institutions.

“The so-called ‘mandatory three-month pre-retirement leave’ has no basis in the Public Service Rules,” the circular stated.

Under the correct rule, retiring officers are required to give three months’ notice before their retirement date. Within that period, they are expected to attend a one-month pre-retirement workshop or seminar, while the remaining time is used to process pension documentation and reconcile service records.

The Federal Government further clarified that officers remain in active service throughout the notice period and are still expected to carry out their official duties, except when attending approved training or granted leave under existing regulations.

“A retiring officer must give three months’ notice before their effective date of retirement. This is a notice requirement, not a leave entitlement,” the directive added.

The Head of Service directed all MDAs to stop the practice of sending officers on compulsory pre-retirement leave before their official retirement dates, insisting that such action is inconsistent with existing regulations.

She also instructed permanent secretaries, directors-general, and agency heads to ensure full compliance and proper dissemination of the corrected interpretation across the civil service.

Nigeria’s civil service retirement framework remains governed by the Public Service Rules and the Pension Reform Act, with officers retiring upon reaching 60 years of age or completing 35 years in service, whichever comes first.

The government said the reform is aimed at standardising procedures, improving efficiency, and ensuring that experienced civil servants continue contributing to government operations until their official exit date.

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Was It Arrest or Routine Review? DSS, Okey Ndibe Give Contradicting Accounts Over Lagos Airport Incident

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Confusion has trailed an encounter between Nigerian author and columnist Okey Ndibe and operatives of the Department of State Services (DSS) at the Murtala Muhammed International Airport, Lagos, with both sides offering conflicting explanations of what happened.

Ndibe confirmed that he was held for more than three hours by DSS operatives before being released. In a post shared on his Facebook page, he expressed appreciation to those who reached out after news of the incident broke.

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“I am so grateful for the expressions of concern by many friends, acquaintances and others over my detention earlier today by the DSS at Murtala Muhammed International Airport,” Ndibe wrote.

He added that despite the unexpected encounter, he was treated respectfully by the officers involved.

“The two agents who interacted with me were quite courteous throughout the three-plus hours of my detention,” he said.
Ndibe further confirmed his release, assuring supporters of his wellbeing.

“I’d like to confirm that I’ve been released… I am fine and in excellent spirits. I treasure your messages and gestures of friendship,” he added.

However, the DSS has denied that the author was arrested or detained. In a statement issued by its spokesperson, the agency said its interaction with Ndibe was part of an ongoing review of its security watchlist system.

“The Department of State Services hereby clarifies that it did not arrest or detain Prof Okey Ndibe at Murtala Muhammed International Airport on June 1, 2026 or any other place on that date for that matter,” the statement said.

The agency explained that its current leadership is reviewing long-standing watchlist entries, some dating back to previous administrations, to ensure citizens are not subjected to unnecessary inconvenience.

According to the DSS, “Individuals previously placed on watchlists are routinely invited for interaction as part of a review process that could lead to the downgrading or removal of their watchlist status.”

 

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