NEWS
Tinubu asks Senators to support his “life time ambition “
***Says his ambition not blind to step on Buhari’s toes
Former Lagos State Governor and national leader of the All Progressives Congress (APC) has appealed to the party’s senators to support his presidential ambition.
At a crowded meeting with the 70 member APC caucus in the Senate, Tinubu who took time to narrate his ordeals in the fight for democracy made it clear that his visit was to seek support and partnership of the lawmakers for the realisation of his presidential ambition in 2023.
He asked them to back his ambition based on his capacity and experience.
He said, “Why am I here? I came for your counsel, partnership and support. Nigeria has come to that stage where we need a change of baton. Mr President is rounding up his second term.
“Election is coming up in February. We have various programmes that I don’t have to restate here; nomination process, primary process and all of that.
“I can’t do it by myself and I can’t do it by sitting at home, expecting that many personal friends that I have here will do it for me. I believe jointly, we can do it. You can back me successfully for the nomination of my lifetime ambition.
“If the council of wise men is anything to go by, ‘if you want to go fast, do it alone, but if you want to get there successfully, definitely, go with a team. I’m asking for that teamsmanhip here today.
Get me over the hump of the nomination process and from that, get me to the presidency of the Federal Republic of Nigeria.
“I want to beg you to look at my capacity and experience. I’m just an unusual candidate in the period. I’m perhaps the only one who had been in the Senate, had been governor and is aspiring to become president.
“By pushing me over hump when you support me vigorously, you have created a greater power that will pave the way for Nigeria’s progress.
He told the Senators that despite of cases of being stabbed at the back, his belief in God will see him through in his presidential ambition.
Without mincing words, the former Lagos governor said his ambition is not blind to push to step on the toes of President Muhammadu Buhari.
He, however, made it clear that he intends to step into the shoes of the President in 2023.
He also appreciated the efforts of the Ahmed Lawan led Senate in promoting unity and peace through its legislation.
Reminding the Senate of the lessons in the first stanza of Nigeria’s first National Anthem, Tinubu charged the Senate to continue to legislate in support of the country’s stability and unity.
He told lawmakers that personal sacrifice, selflessness was part of his principles which aided the formation and survival of the APC.
He cited the example of when he was asked to list what he wanted politically and he declined and insisted that he was satisfied with the success recorded in the merger.
According to him, courage is very necessary for leadership as he made reference to the recent electoral act amendment where President Muhammadu Buhari had wanted section 84(10) deleted which the Senate rejected overwhelmingly saying that the President of the Senate demonstrated courage in leadership
“You did it recently there was a bill before you that wants alteration. I watched you sitting as President, I saw the gavel in the hands of the Senate president, he puts the question, the Nay was quiet yes was loudest and he explained.
“That is courage, that is the courage that the nation needs. The Senate president I will continue to respect you the rest of my life.”
“The Senate President, you have shown unusual leadership since you assumed the leadership of this senate
You have navigated the minefield in the effort of putting our country together unity in diversity. How I wish you use that unity and diversity for our prosperity
“I have seen the harmonious relationship with the executive, I have seen the cordiality between the national assembly and the executive as something Germaine to national development and progress.
“It is crucially important that you do your job in the atmosphere of no intimidation or bullying. You have been doing that. You are careful as a team leader to build a very successful team that is navigating this country very well in the right direction
“Democracy does not thrive when both arms of the Government are not in tandem with the spirit of nationalism development and fairness to all.
“You represent various constituencies. I know how fast you want Nigeria to grow economically but I know the hurdles on our way.
“I know with adequate communication, effective strategy the assembly will work and the only way we can progress and make a better Nigeria. “We owe it to ourselves, we owe it to the next generation, we owe it to our children to be able to fashion a new order, think out of the box, be sincerely committed to our unity, unity in diversity, prosperity, for growth and emancipation of many Nigerians.”
“In democratic governance, our party APC was united in 2015, I was a very active part of the merger
“When the constitution of APC was being written they called me to ask what do I wanted, I said I have given it all, I will be satisfied with anything you call me or any name you assign to me as long as this merger is successful I have a prospect, I have a future and I have an opportunity to excel “Somebody ran to me telling me they say you are the party leader but that party leadership is not defined yet, that I should intervene. I said I have not seen anything to intervene. Leave them to do their job.
“I was with President Muhammadu Buhari and he is somebody who gives you a job without interfering so I did not go to intervene.
“They call me party leader, they did not define the role, I looked for leadership meaning as I know it and I will continue to play that role. They didn’t define it in our constitution I will continue to accept it.”
He said he called the audience adding that he was grateful to lawn and the senators for the honour.
“My background is in accountancy and finance, that is what I went to the university for, Chicago State University I was a distinguished scholar, I won many awards and I graduated with honours. I was recruited by five of the big eight accounting firms, they offered me a job.
“I was exposed to many of big companies and corporate organization’s I was exposed, I was well trained and when I said it was time for me to go back o my country Mobile transferred me, I came home,
“Don’t be surprised about the opposition and the lessons of life that you will learn as in this our journey of democracy together.
“Don’t worry about people stabbing you in the back, people running you into stumbling blocks, believing God, determination, consistency and perseverance will pull you through I will pull off through.”
On the women’s interest that was thrown out during the debate on the constitutional review for which the women blocked the national assembly gate, he said,
“I ran into a little ambush of women protesters but of course, I went to the other gate interestingly affirmative action is good but you are being very careful not to jeopardize the constitution.
“Yes the interest of women is very necessary but for the APC we are doing our best and we will continue to do our best for the interest of women, maybe they will get this message of the national assembly in the spirit of democracy.”
Responding, President of the Senate Ahmad Lawan said that the APC Senate Caucus was a central and fundamental pillar of the party.
“This caucus has remained committed to the party, shown resolve to our manifesto to work within us and the Executive.
We have achieved so much because of the APC caucus.
“From 2019 that this caucus showed loyalty, commitment and purposeful orientation to ensure that our victory from 2015 and 2019 as a political party are fully utilised for the benefits of Nigerians.
“This party needs the kind of commitment that APC members have shown in the country.
“APC must continue to be progressive in our actions. 2023 is going to be a year for APC again. By Feb. 25 when the Presidential Election will take place, by the grace of God, APC will have the victory that is required.”
On the leadership crisis in the party, Lawan said that “Recently we have had difficulty because of misunderstanding between some of our members and the party had been thrown into temporary confusion.
“I thank God it is over now. It is very clear that our party is back on track that in the next two weeks, our national convention will hold and a new set of leaders will emerge.”
Lawan thereafter wished Tinubu well and success in “this enterprise” and the recognition you have given to the APC Senate Caucus is well appreciated.
“All of us wish you well, wish you success in this and in the affairs of fighting for APC to continue to be the ruling party, Nigeria justifiably so, your excellency, we are with you.
Former senators on his entourage included Adadayo Adeyeye (Ekiti), Abu Ibrahim (Katsina) and Iyola Omisore(Sound)
Osun State Governor, Ademola Adeleke has justified the activation of the Osun State Security Trust Fund on the ground of growing insecurity and public sector funding challenges facing all levels of government.
To show commitment of the state government, Gov Adeleke announced a contribution of three hundred million naira (N300m) to the trust fund.
On his part, billionaire philanthropist and brother of the state governor, Dr. Deji Adeleke donated five hundred million naira (N500m) while several businesses contributed various amounts.
The governor also used the occasion to announce the imminent sharing of refurbished Armoured Personnel Carriers and new patrol vehicles, declaring that “the administration is determined to maintain Osun’s record as one of the most peaceful states in the country”.
Launching the security trust fund at Osogbo, the governor decried the abandonment of the trust fund initiative by the Oyetola administration, describing the implementation of the trust fund as ‘long overdue’.
According to the governor, several states in Nigeria have established security trust funds. Osun started the process but this was abandoned under the immediate past administration of Mr Gboyega Oyetola.
“Our government decided to revive the initiative by updating the law and organising the launching today. A security trust fund is a matter of necessity considering the security climate in Nigeria and Osun state.
“We all know Nigeria faces security challenges. Yet, available public financing resources are limited. Governments at all levels then initiate public-private partnership to bridge the funding gap.
“It is neither a political project nor a self-serving policy. This is a necessary policy to secure our people. Only an irresponsible government will abandon the PPP arrangement that is working so well in Lagos, Kaduna, River states among others. Ours is a responsible leadership with people-oriented innovations, policies and programmes.
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“This Fund is designed to provide sustainable funding for modern security infrastructure. Through this Fund, we will establish a modern Situation Room with real time CCTV surveillance. We will continue the provision of operational tools required by our security agencies.
The governor appreciated all individuals, corporate organisations and stakeholders that have been contacted. “We appreciate your positive disposition. Today, I am inviting, for partnership, the private sector, financial institutions, development partners, professional bodies and all sons and daughters of Osun State.
“As a trust fund regulated by law, I assure you of strict accountability, transparency and due process in the management of the trust fund”, the governor said.
Secretary to the State Government who also doubled as the deputy chairman of the trust fund, Hon Teslim Igbalaye congratulated the governor for activating the Fund after its enabling law was passed as far back as 2012 while several special guests pleaded support for the initiative.
Public Policy analysts, government officials and other stakeholders have in Lagos hailed the strategic foresight and industrial courage of the President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, describing the Dangote Petroleum Refinery as a transformative national asset deserving of collective appreciation by Nigerians.
This position was strongly articulated at the 2026 Bullion Lecture, powered by the Centre for Financial Journalism, where the Director‑General of the Raw Materials Research and Development Council (RMRDC), Prof Nnanyelugo Ike‑Muonso, declared that Nigerians owe Aliko Dangote a profound debt of gratitude for investing in the world‑class refinery.
Delivering the keynote lecture themed “From Resources to Prosperity: How Raw Materials Development, Value Addition and Innovation Can Catalyse Nigeria’s Industrial Renaissance,” Professor Ike‑Muonso said the refinery represents a decisive break from Nigeria’s long‑standing dependence on crude oil exports with minimal domestic value addition.
According to the RMRDC Chief, Nigeria had historically exported crude oil only to re‑import refined petroleum products such as Premium Motor Spirit (PMS), with little economic benefit beyond crude sales.
“That narrative has now changed. Instead of exporting crude and importing PMS alone, the Dangote Petroleum Refinery processes crude locally to produce PMS, diesel, dual purpose kerosene (DPK), and valuable by‑products for petrochemicals such as polypropylene. This represents complete domestic value addition.”
Prof Ike‑Muonso described the refinery as Nigeria’s most concrete example yet of how strategic industrial investment can unlock the full value of the country’s natural resources.
Against the backdrop of ongoing instability in the Middle East and its implications for global energy supply and price volatility, the RMRDC boss said the Dangote Petroleum Refinery has emerged as a stabilising force and an African‑led solution to global energy challenges.
“With the far‑reaching consequences of the Middle East crisis on global energy markets, the Dangote Petroleum Refinery stands today as a monumental demonstration of strategic foresight, industrial courage and African self‑reliance,” he said.
“Nigeria should, in fact, be praying for Aliko Dangote at this time.”
Prof Ike‑Muonso also presented comparative data on raw‑material value addition across countries, including the United States, India, Brazil, South Africa and Kenya, revealing that Nigeria records the lowest percentage of value addition.
He disclosed that the country loses an estimated $29 billion annually due to the export of raw materials without processing partly due to the energy deficit.
“Rather than exporting raw materials, Nigeria should be exporting processed raw materials and finished products,” he argued.
Identifying obstacles to achieving full value addition, the RMRDC Director‑General highlighted key structural challenges such as: Private infrastructure tax, resulting from companies’ reliance on self‑generated power; Logistics gaps, noting that only about 30 percent of Nigeria’s road network is paved; and Capability gaps within the industrial ecosystem.
He stressed that sustained industrialisation remains Nigeria’s most viable pathway to broad‑based economic prosperity, citing Dangote Industries’ investments as a model for the country.
Earlier in his remarks, Otunba Kelvin Dele Oye, Chairman of the Economic Research and Ethics Committee and former President of the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), also commended Dangote’s industrial contributions.
He decried what he described as an imbalance in the exploitation of Nigeria’s raw materials by foreign investors, often without meaningful value addition to the local economy.
Otunba Oye called for deliberate government policies and stricter regulatory vigilance to ensure that raw material exploitation benefits Nigerians, while enabling local investors to compete favourably with foreign players.
The event, which marked the 10th anniversary of the Bullion Lecture, also featured the unveiling and launch of a commemorative book titled “Pathways to Nigeria’s Socio‑Economic Transformation.”
The book, authored by Mr. Ray Echebiri, Chief Executive of the Centre for Financial Journalism, documents all lectures delivered since the inception of the Bullion Lecture series.
Photo Caption
From Left: GMD/CEO, Dangote Cement Plc, Arvind Pathak; Chairman, Sinoma International Engineering Co. Ltd., Yin Zhisong; Consulate General of the People’s Republic of China, Yan Yaqing; President/CE, Dangote Industries Limited, Aliko Dangote; Chairman of the Board, Sinoma International Engineering Co. Ltd., Lin Zhisong and Vice President Oil & Gas, Dangote Industries Limited, Devakumar Edwin, during the Sinoma International visit to Dangote Head Office in Lagos
NEWS
Dangote Refinery Exports 1.1bn Litres of Aviation Fuel to Europe, Supplies 95% of Nigeria’s Jet A1 – AON
The Airlines Operators of Nigeria (AON) has described the Dangote Petroleum Refinery and Petrochemicals as a critical pillar of support for Nigeria’s aviation industry, disclosing that the refinery currently supplies over 95 per cent of the Jet A1 fuel consumed nationwide.
Biztellers reports that the company also exported 1.1 billion litres of aviation fuel to Europe between March and April 20.
Speaking during a televised interview, AON spokesperson Obiora Okonkwo said the refinery’s output has played a vital role in sustaining domestic airline operations at a time of global supply disruptions arising from tensions in the Middle East and rising fuel costs.
“It is a matter of fact that over 95 per cent of aviation fuel supplied across the country comes from the Dangote refinery. To airline operators in Nigeria, Dangote is not just a refinery; it is a game changer and, indeed, a lifesaver,” Okonkwo said.
He noted that despite the refinery’s consistent supply, airlines continue to face severe operational strain due to escalating Jet A1 prices, which he attributed to sharp practices within the downstream distribution chain.
According to Okonkwo, some fuel marketers are allegedly creating artificial scarcity in spite of available supply from the refinery, leading to disproportionate price increases. He disclosed that airline operators have recorded Jet A1 price hikes of up to 300 per cent since the onset of the Middle East crisis.
“We consider this exploitation. The refinery has not indicated any shortage, yet we are witnessing artificial scarcity and unjustifiable price increases. What airlines pay does not reflect depot prices,” he said, suggesting the presence of racketeering within the market.
Echoing these concerns after a closed‑door meeting between the AON and the Federal Government, Chairman and Chief Executive Officer of Air Peace, Allen Onyema, described the situation as deeply troubling, particularly given that the Dangote refinery sells its products at comparatively lower rates.
“The truth is that marketers must be called to account. How do prices rise by as much as 300 per cent when Dangote’s supply remains the cheapest and some marketers source directly from the refinery?” Onyema asked. “So, why the astronomical increase?”
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Meanwhile, the Dangote Refinery continues to expand its footprint in the international aviation fuel market. Industry data indicate that the facility exported approximately 876,000 metric tonnes of jet fuel to Europe within the period under review—about 456,000 tonnes in March and an additional 420,000 tonnes by April 20.
These export volumes underscore the refinery’s growing capacity and improved logistics, further reinforcing Nigeria’s emerging role in the global downstream oil and gas market, even as it strengthens domestic energy security.
Photo Caption
From Left: President/CE, Dangote Industries Limited, Aliko Dangote; President of Uganda, H.E. Yoweri Museveni; President of Kenya, H.E. William Ruto, and CEO of the Africa Finance Corporation, Samaila Zubairu, at The Africa We Build Summit in Nairobi, Kenya, on Thursday.
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