Author: Ifetayo Adeniyi

Insight Into How Yar’Adua Discouraged Otedola, Dangote From Taking Over Nigerian Refineries Insight Into How Yar’Adua Discourages Otedola, Dangote From Taking Over Nigerian Refineries. Femi Otedola, majority owner of Geregu Power Plc, revealed that the government of former President Umaru Yar’Adua derailed him and Aliko Dangote’s ambition to acquire stakes in the Kaduna and Port Harcourt refineries. The two billionaires, who had secured interests through Blue Star Consortium during former President Olusegun Obasanjo’s administration, saw their plans reversed by Yar’Adua in 2007. Had their acquisition succeeded, Otedola and Dangote would have held 20% and 51% of the refineries, respectively.…

Otedola Showers Encomium On Dangote For Refinery Success, Beating Oppositions Otedola Showers Encomium On Dangote For Refinery Success, Beating Oppositions To It. Billionaire businessman Femi Otedola has congratulated his friend and brother Aliko Dangote on the actualisation of his $20bn refinery in Lagos. Otedola said with petrol now rolled out by the Dangote Refinery, the days of Nigeria bowing to foreign powers for our fuel needs are over. “You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to…

FEC is working on price of petrol from Dangote Refinery Dangote Refinery Chairman of Dangote group, Alhaji Aliko Dangote, on Tuesday revealed that the Federal Executive Council is working on a new pricing arrangement for petrol produced from the Dangote Refinery. On the retail price, Dangote stated, “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu. The 650,000-barrel-per-day facility officially unveiled its refined petrol on Tuesday with Dangote announcing that product will be in filling stations in the next 48 hours depending on the country’s national. “As…

Proposition to remove taxes on Food, Rent, Transport, and Essentials – Taiwo Oyedele …the committee has proposed various reforms, including increasing Value Added Tax (VAT) and introducing tax exemptions for low-income earners. Taiwo Oyedele, chairman of the presidential committee on fiscal policy, announced that the committee has proposed to the federal government the removal of taxes on food, public transportation, housing rents, and other essential necessities crucial to the well-being of Nigerians. Oyedele disclosed this information on Monday during an interview with Channels TV in Abuja. The committee’s head indicated that the proposal also encompasses the exemption of value-added tax…

Massive job opportunities will be available when Ajaokuta Steel is fully ready – FG Federal government claimed Ajaokuta Steel Company holds massive job opportunities for the citizenry when fully ready. Minister of Steel Development, Shuaibu Audu, unveiled that the Ajaokuta Steel Company Limited, owned and controlled by the Federal Government will be employing 500,000 people, giving job opportunities when becomes operational. While lamenting appalling circumstances the State-owned steel factory has gone through, the Minister noted that the Federal Government under President Bola Tinubu would do everything humanly possible to ensure that the investment come alive. Recall that the Ajaokuta Steel…

An Icon, Adesina Ademola Ogunlana (1964-2024); Struggle Was His Life — Part 1 Adesina Ademola Ogunlana  Wading through the storms of life as he lost mother to the cold hand of death, he was not deterred from his focus but he grows stronger. While gradually coming to terms with the reality of the untimely departure of my former boss and Comrade, Adesina Aluta Ogunlana, I took a flashback into his eventful 60-year sojourn on this planet. In my reflection, all I found was a life full of battles. Ogunlana’s life story could make a well-scripted movie under the theme “Life…

An Icon, Adesina Ademola Ogunlana (1964-2024); Struggle Was His Life — Part 1 Adesina Ademola Ogunlana  Lost his mother at twelve years of age, his focus didn’t shift but grows stronger. While gradually coming to terms with the reality of the untimely departure of my former boss and Comrade, Adesina Aluta Ogunlana, I took a flashback into his eventful 60-year sojourn on this planet. In my reflection, all I found was a life full of battles. Ogunlana’s life story could make a well-scripted movie under the theme “Life as a Battlefield” or, more euphemistically, “The Battlefields of Life.” In this…

FG, World Bank empower 922 youths, women with grants in Edo Financial empowerment is targeted to alleviate the harsh economic challenges of the beneficiaries. The Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES), Federal Government in partnership with the World Bank and Edo State Government has empowered 922 youths and women with livelihood support under the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES). “The EDO CARES Livelihood Support Programme was one of the disbursement linked indicators under the NG CARES Project in Edo and was a World Bank performance for result project”, Adesuwa Agbonavbare stated. These beneficiaries…

24th National Women’s Conference; Lagos First Lady, Sanwo-Olu unveils activities First Lady, Sanwo-Olu and others during the news conference As the commencement of the 24th National Women’s Conference gets closer by the day, Dr Ibijoke Sanwo-Olu made statement on arrangements. The First Lady of Lagos State and Chairman of the Committee of Wives of Lagos State Officials (COWLSO), Dr. Ibijoke Sanwo-Olu, has officially announced the schedule for the 24th National Women’s Conference (NWC). The event, themed “Soar Beyond Boundaries…Enrich Communities,” will take place from September 10th to 11th, 2024, at the Convention Centre, Eko Hotels and Suites, Victoria Island, Lagos.…

MD: TCN has capacity of transmitting 6,000MW of electricity • TCN has capacity of transmitting 6,000MW of electricity The Transmission Company of Nigeria (TCN), says it has capacity to transmit 6,000 MWS of electricity to distribution load centres nationwide. Managing Director, Sule Abdulaziz, of TCN said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. He said that in the last three years, TCN had upgraded several sub-stations. He said that the company had also built new sub-stations funded through its Internally Generated Revenue (IGR) and donor agencies. The TCN boss said that the…