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Dangote Describes Tinubu as a Listening President, with Pro-Private Sector Policies
President/Chief Executive of Dangote Group, Aliko Dangote has hailed President Bola Ahmed Tinubu as a listening president whose policies are restoring private investors confidence in Nigeria’s economy.
Dangote made the remarks over the weekend during a visit by the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, to the $20 billion Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited in Ibeju-Lekki, Lagos.
Commending President Tinubu’s efforts at addressing the issue of crude supply challenges to domestic refineries, Dangote praised the Naira-for-Crude initiative and the Nigeria First policy as bold and transformative steps capable of revitalising the economy faster than expected.
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“I believe we must sincerely thank His Excellency, President Bola Ahmed Tinubu, for ensuring that there have been improvements in the supply of crude oil. His insistence that all crude oil transactions be conducted in naira has been particularly commendable. For us to effectively meet market demand—which we have the capacity to do—it is essential that crude is priced and purchased in our local currency,” he said.
The leading industrialist noted that these initiatives, along with other economic reforms, have brought a measure of stability to the naira-to-dollar exchange rate. He expressed optimism that the naira would continue to strengthen in the coming weeks as the effects of the reforms become more visible. According to him, the improved market predictability has helped investors make sound business decisions and restored confidence in the investment climate.
“We are also beginning to see some stability in the naira-to-dollar exchange rate, which has had a positive impact. There is now less fluctuation, and this has brought a degree of predictability to the market
“For those of us in the business sector, this is a welcome development, as it allows us to plan more effectively. Looking ahead, as market conditions continue to improve, we can expect to see a more favourable exchange rate,” he said
Dangote also commended the Federal Government for establishing a One-Stop Shop (OSS) initiative to improve coordination among regulatory and security agencies, thereby facilitating smoother operations under the Naira-for-Crude programme. He emphasised that the OSS had significantly reduced bottlenecks and allowed for real-time resolution of issues, in line with President Tinubu’s directive.
“The administration of His Excellency, President Bola Ahmed Tinubu, has established a One-Stop Shop that is working diligently. I am confident that the government intends to replicate this model in other sectors, particularly to streamline the clearing of goods—an essential area of business.
“At present, we are not experiencing any significant issues with loading. All the relevant agencies have been brought together under one roof, including the Navy, NIMASA, NPA, and others. This coordination has greatly improved efficiency. Whenever issues arise, they are promptly addressed through the leadership of the Chairman of the Technical Committee, Mr Zack Adedeji, who is doing an excellent job.”
The business magnate further disclosed that the refinery is set to launch a new initiative involving the deployment of 4,000 CNG (Compressed Natural Gas) tankers to distribute petroleum products more efficiently and in an environmentally friendly manner. He explained that the move would reduce logistics costs and ensure Nigerians receive products at more affordable prices, closer to their locations.
Meanwhile, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, reaffirmed the FG’s commitment to promoting domestic investment and addressing the challenges faced by local investors.
“We are here today as a result of President Bola Ahmed Tinubu’s clear focus on domestic investment. As you are aware, we held a Domestic Investment Summit on Monday—the first of its kind. Today, we are gathered at the invitation of Alhaji Aliko Dangote, a leading investor who has committed an extraordinary amount of resources to Nigeria’s development,” she said.
Dr Oduwole hailed the refinery as a landmark project, noting that even governments shy away from initiatives of such scale. She said the administration is demonstrating real support for domestic investors by taking practical steps to reduce constraints and foster growth.
“He has taken on a project of such magnitude—one that even governments often hesitate to undertake. As an administration, we do not take this lightly. We are here to show our full support for him, both as a foremost domestic investor and as a prominent champion of African investment on the global stage.
“Our support is not limited to words; we are demonstrating our commitment through action. We are encouraging other domestic investors by recognising and backing those, like Alhaji Dangote, who put Nigeria first. This is not mere rhetoric—our time, attention, and effort are fully aligned with our priorities.
“That is why we have dedicated an entire day to immersing ourselves in this project—the Dangote Refinery.”
She added that the Federal Government is continuously engaging with stakeholders and reviewing regulatory and legislative frameworks to reduce business costs and stimulate industrial development.
Photo Caption
L-R, Chief Executive Officer, Dangote Fertiliser Limited, Vishwajit Sinha; Chief Executive Officer, Independent Project Monitoring Company Limited (IPMC), Robert Ade-Odiachi; President / CE, Dangote Industries Ltd, Aliko Dangote; Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin, during the Minister’s visit to Dangote Petroleum Refinery and Fertiliser Plant in Ibeju Lekki Lagos on Saturday July 26, 2025.
NEWS
Minister Orders Security Operatives to Wade into Souring LPG Prices
Prompted by the sharp hike in the price of cooking gas also called Liquefied Petroleum Gas (LPG), the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has directed operatives of the Department of State Services (DSS), Police, Nigeria Security and Civil Defence Corps (NSCDC) and other paramilitary to decisively deal with those undermining the sector.
Ekpo, yesterday at a meeting with stakeholders on the rising prices of LPG, specifically directed the phalanx of the security team to apprehend hoarders and stop illegal storage diversion across Nigeria.
According to him, the government would not sit back and allow market forces to thwart its efforts in ensuring availability and affordability of LPG.
“I have directed the NMDPRA to intensify monitoring, engage operators, and work with security agencies to discourage hoarding, eliminate artificial scarcity, and strengthen distribution and pricing transparency.
“Improved supply must be matched by efficient distribution and responsible conduct. Bottlenecks, hoarding, speculative storage, allocation inefficiencies, logistics constraints, and pricing distortions must not undermine public confidence,” he said.
He reassured Nigerians that there is no cause for panic, as the government remains committed to adequate domestic gas supply and to the Decade of Gas Initiative as a pathway for cleaner cooking, industrial growth, and energy security,” stated.
Deputy President of Nigerian Association of LPG Marketers (NALPGAM), Ude Godwin, in his presentation, recalled how the body approached the Minister, the NMDPRA over the escalating price of gas in Nigeria and today’s meeting presented opportunities to enable the stakeholders to address the crisis.
Godwin explained that Since late 2025 into mid-2026: Nigerians have faced repeated LPG scarcity and consequential sharp price hikes despite rising domestic production.
According to him, prices jumped from N1,000/kg in January 2026 to N1,500-1,700/kg by May 2026.
“Prices went in some locations from N2,000-2,500/kg by June 2026. A 20MT truck now costs marketers N28m-N30m as against N14m/20MT when Dangote first supplied LPG in 2025.
“Erratic supply, terminal congestion in Lagos, logistics bottlenecks, and reduced volumes from Dangote Refinery and NLNG. Low buffer stock made any 2-week disruption to trigger panic buying.
“The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), led by National President Barr. Edu Inyang has been the main industry voice pushing for intervention to save the situation,” he added.
ALSO READ: Sahara Group Fires-up Energy Journalism with $5,000 Fellowship
Beyond threats and sanctions, the marketer suggested to the government that there should be all domestic LPG producers to demonstrate compliance with domestic supply commitments and ensure adequate volumes are made available to the Nigerian market before exports, saying it will increase product availability and reduce supply disruptions.
He said there should be a joint government-industry monitoring team to track production volumes, depot prices, inventory levels, and distribution patterns across the country, to identify early signals of supply shortages, speculative activities, and market distortions.
He tasked the government to Initiate an urgent review of multiple fees, levies, and charges imposed across the LPG value chain with a view to eliminating duplications and reducing cost burdens on operators. This will bring about lower operating costs and moderation of retail prices.
“Where domestic supply is insufficient, provide a fast-track framework for marketers and investors to import additional LPG volumes, including support for foreign exchange access and streamlined regulatory approvals. This will bridge supply gaps and improve market competition.
“Announce targeted incentives for investment in LPG storage facilities and distribution hubs in underserved regions, particularly Northern Nigeria and major inland consumption centres. This will reduce transportation costs and improve nationwide product availability.
“Set up a standing working group comprising representatives of the Ministry, NMDPRA, producers, terminal operators, NALPGAM and other critical stakeholders to meet periodically and monitor implementation of agreed interventions.
“This will bring about sustained stakeholder engagement, policy coordination, and measurable progress toward supply, availability and stability,” he added.
NEWS
Sahara Group Fires-up Energy Journalism with $5,000 Fellowship
To bolster energy journalism in Africa, Sahara Group has unveiled the Asharami Square Energy Reporting Fellowship, offering up to $5,000 in grants, mentorship opportunities, and access to industry experts for selected journalists across the continent.
The Fellowship is an extension of Asharami Square, Sahara Group’s flagship thought leadership platform, now in its third edition, focused on sustainability and energy transition.
Themed “Energising Africa’s Energy Future: Legacy, Impact, and Transformation,” this year’s event will bring together industry leaders, policymakers, academia, and the media on July 22, 2026, in Lagos, Nigeria.
The Asharami Energy Reporting Fellowship reflects Sahara Group’s evolution from convening conversations to strengthening the narratives defining Africa’s energy future. Guided by the theme, “Telling Africa’s Energy Story. Shaping Solutions,” it advances solutions-driven reporting on infrastructure gaps, financing, policy trade-offs, and community impact.
Ejiro Gray, Director, Governance and Sustainability at Sahara Group, said the initiative is focused on strengthening the quality of discourse around energy on the continent. “As the energy landscape becomes more complex, the need for accurate, contextual, and impactful reporting becomes even more critical. This Fellowship is designed to support journalists in telling stories that go beyond headlines and uncover the real dynamics shaping Africa’s energy future,” she said.
Bethel Obioma, Head, Corporate Communications, Sahara Group, said the Fellowship extends Asharami Square’s long-standing focus on shaping narratives.
“At Sahara Group, we believe storytelling is a powerful driver of progress. With the Fellowship, we are going a step further to support the storytellers themselves, enabling a new wave of galvanising journalists across Africa to unearth untold energy stories, spotlight practical solutions, and contribute meaningfully to the continent’s energy future,” he said.
“To participate, journalists from across Africa, spanning print, electronic, and digital media, are invited to submit well-well-researched stories via the Fellowships’ portal, www.asharamisquarefellowship.com,” Obioma added.
Entries must be stories published or broadcast between January and October 30, 2026, and should be original, insightful, and accurate. Submissions must align with the Fellowship’s focus on uncovering underreported energy issues and advancing practical, forward-looking solutions for Africa’s energy future.
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An independent jury comprising experts in energy journalism and sustainable development will assess entries.
The Fellowship offers up to $5,000 in funding, combining financial support, immersive learning, mentorship, and high-level exposure to build capacity for shaping Africa’s energy narrative.
NEWS
‘They’ll Be Free Soon’ – DIG Gives Fresh Update on Abducted Oyo Pupils, Teachers
The South-West Coordinating Deputy Inspector-General of Police (DIG), Adegoke Fayoade, has reassured Nigerians that the abducted pupils and teachers in Oyo State will soon regain their freedom as security agencies intensify rescue operations.
Speaking during an official working visit to the Lagos State Police Command Headquarters in Ikeja on Monday, Fayoade expressed confidence that ongoing efforts by law enforcement agencies and government authorities would yield positive results in the shortest possible time.
According to him, all available resources are being deployed to secure the safe release of the victims, while security operatives remain focused on rescue efforts rather than engaging in discussions about ransom demands.
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“All agencies, including government authorities, are working tirelessly. I can assure Nigerians that within the shortest possible time, the children and their teachers will be free,” the DIG stated.
Fayoade dismissed reports suggesting that the abductors had altered their demands, insisting that the police were unaware of any negotiations involving ransom payments or the release of suspected accomplices.
“We do not discuss ransom. Our priority is ensuring the safe rescue of those in captivity,” he said.
The senior police officer explained that his visit to Lagos was part of a broader strategy to strengthen supervision across police commands in the South-West and engage officers on effective approaches to tackling emerging security threats.
He disclosed that discussions with officers centered on manpower development, welfare improvement, and operational efficiency.
Fayoade noted that the ongoing recruitment of 40,000 police personnel would help address manpower shortages across the country, while improved welfare packages would boost officers’ morale and effectiveness.
The DIG also highlighted the Nigeria Police Force’s commitment to adopting modern technology in crime fighting.
He revealed that efforts were underway to complete a central data centre that would enable security agencies to share intelligence and improve crime detection nationwide.
He added that the force was preparing to introduce artificial intelligence into criminal investigations and intelligence gathering to enhance policing and improve response times.
“Technology remains a major priority. Very soon, our officers will begin specialized training on the use of artificial intelligence in investigations and intelligence operations,” he said.
Fayoade further urged members of the public to cooperate with law enforcement agencies, stressing that effective policing requires mutual trust and respect between officers and citizens.
The assurance comes amid growing concern from parents and residents over the fate of the abducted pupils and teachers, with many hoping for a swift and safe resolution to the incident.





