Connect with us

General

Abia Modular Refinery to Commence Operations 2025

Published

on

Abia Modular Refinery

By Adedapo Adesanya

The Abia State Government has announced that the modular refinery at the Abia Industrial Innovation Park (AIIP) is scheduled to commence operations by 2025.

The Commissioner for Information and Culture, Mr Okey Kanu, stated this during a press conference on the outcome of the State Executive Council meeting held at the Government House in Umuahia.

He stated that the refinery would be the inaugural major project at the park, and is expected to be fully operational by the stated year.

Mr Kanu highlighted that the refinery is projected to generate 2,000 direct job opportunities and numerous indirect employment opportunities, benefiting the youth population of Abia.

He said, “The project will help to provide refined products for the people of Abia as well as increase our revenue base as a state.”

“So, it is a project that is very important to this government and every effort is being put in place to ensure that the date is met.”

“The state government is also ready to reap from the petroleum and mineral endowments in the state.”

Mr Kanu mentioned that there has been substantial interest from investors looking to establish their ventures in the Southeast start, particularly in the petroleum sector.

He expressed optimism that this development will significantly contribute to the ongoing efforts aimed at creating employment opportunities for the youth.

On his part, the Commissioner for Petroleum and Mineral Resources, Mr Joel Ogbonna, emphasised that the creation of the Abia Industrial Innovation Park (AIIP) reflects the government’s commitment to transforming the state.

He explained that proactive measures have been taken to ensure a comprehensive exploration of the entire petroleum value chain.

Additionally, he highlighted the significant opportunity for job creation and state transformation through the establishment of a modular refinery in the region.

Mr Ogbonna also pointed out that Abia possesses more than 17 solid minerals, and concerted efforts are underway to harness these resources for the benefit of the state.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

General

EFCC Grabs Three Suspects Behind Q-net Scam in Nigeria

Published

on

Q-net scam Nigeria

By Modupe Gbadeyanka

Three persons believed to be behind the Q-Net scam in Nigeria have been apprehended by the Economic and Financial Crimes Commission (EFCC).

The suspects, who allegedly operated the scheme under the name Mighty Infinity Millionaire Limited, were arrested by officials of the agency on Wednesday, May 1, 2025, in Abuja.

They are Olaniyan Joshua, Oyetunde Julius Akano, and Victor Oluwale, and are currently undergoing interrogation.

A statement from the EFCC said the accused persons falsely claimed to be representatives of Q-net, a global e-commerce and direct selling company.

While Q-net has since denied any link with the suspects and their activities, investigations further revealed they were equally running a fraudulent university training in pavilions and under trees, offering fake Bachelor of Science degrees in Medicine, Nursing, Cybersecurity, Computer Studies, and Geology, among others with a false claim of affiliation with Quest International University, Malaysia.

Student victims were charged between N1.2 million and N1.3 million as registration fees from which the suspected scammers raked in hundreds of millions in proceeds of crime.

Earlier on March 24, 2025, the commission raided Q-net University at Compensation Layout, Gwagwalada, FCT, Abuja, and arrested 133 suspects.

Continue Reading

General

Facebook May Leave Nigeria Over $220m FCCPC Fine, Others

Published

on

Facebook Nigerian Advertisers

By Modupe Gbadeyanka

Nigerians may lose access to the social media platforms operated by Meta, a report by the BBC has said.

If this happens, it will not be the first time social media users in the country have experienced such blackout.

Recall that in 2021, the Nigerian government banned Twitter after the platform removed a post by the immediate past president of the country, Mr Muhammadu Buhari, for violating its rules.

The embargo was lifted in January 2022 after seven months.

Last week, Nigeria’s Competition and Consumer Protection Tribunal on Friday ordered WhatsApp and Meta Platforms Incorporated to pay a $220 million penalty and $35,000 to the Federal Competition and Consumer Protection Commission (FCCPC) within 60 days over data discrimination practices in Nigeria.

The tribunal’s three-member panel, led by Mr Thomas Okosun, in a verdict last Friday, dismissed the appeal by WhatsApp and Meta Platforms Incorporated regarding the $220 million penalty imposed by the FCCPC for alleged discriminatory practices in Nigeria.

In a report, the BBC said Meta argued that if it is forced to pay the fine, its users in Nigeria may lose access to Facebook and Instagram.

“The applicant may be forced to effectively shut down the Facebook and Instagram services in Nigeria in order to mitigate the risk of enforcement measures,” the company said in the court papers.

If this happens, it may greatly affect content creators, who rely on the platform for earnings.

Facebook remains one of the most popular social media platforms in the country like TikTok and Twitter, now known as X after Mr Elon Musk acquired it.

Meta is battling with different fines in Nigeria, including a $32.8 million sanction from the Nigerian Data Protection Commission (NDPC) alleged Meta over data privacy laws, and a $37.5 million fine for unapproved advertising.

Continue Reading

General

Workers’ Day: NLC Decries Deteriorating Standard of Living of Nigerian Workers

Published

on

NLC protests in Abuja

By Adedapo Adesanya

The Nigeria Labour Congress (NLC) has outlined demands to the federal government while expressing deep concerns over the deteriorating economic conditions of workers as the world marks the International Workers’ Day (May 1).

NLC President, Mr Joe Ajaero, said Nigerian workers are groaning because of poor pay as a result of the economic policies of President Bola Tinubu as well as growing insecurity and political interference in labour affairs across the country.

Mr Ajaero described the current state of the Nigerian economy as hostile to workers, noting that the removal of fuel subsidy, Naira devaluation and rising inflation have plunged millions of households into deeper poverty.

He maintained that the current economic trajectory has eroded the value of wages, rendering workers helpless and unable to meet basic needs.

“It is clear that the policies of the government, particularly the ill-timed and unstructured removal of fuel subsidies and the floating of the Naira, have pushed Nigerian workers and their families to the brink,” he said.

The NLC president reiterated the labour union’s position on the new minimum wage, stating that N70, 000 is the barest minimum that workers can accept under the current economic conditions. He argued that the amount, though still insufficient considering the skyrocketing cost of living, could serve as a starting point for negotiation.

He lamented the increasing hunger facing workers in the country, “We are hungry,” he said, adding that, “The minimum wage cannot buy a bag of rice. If you are sincere and you go to work every day, 20 days, your salary is gone on transportation.

“We are not asking for luxury. We are simply demanding a wage that allows a worker to live a dignified life, pay rent, feed their families, send their children to school, and transport themselves to work.”

He said that even this figure would need to be adjusted periodically to keep pace with inflation and market forces.

“If the government can effectively implement some of the measures they have put in place -such as the N70, 000 minimum wage, the CNG transport system, and the students’ loan- then one can say that the renewed hope idea is working. I think the foundation has been laid, but we need the real implementation of these,” he stated.

On energy and transport, he criticised the government’s failure to deliver on the promised palliatives to cushion the effect of subsidy removal. He cited the delay in rolling out Compressed Natural Gas (CNG) infrastructure and vehicles, which was supposed to provide affordable alternatives to petrol-powered transportation.

“They promised us CNG buses. Where are they? They promised wage awards. Many states have not implemented anything. The promises made last year have remained largely on paper,” he said.

He called on the Federal Government to accelerate the implementation of energy reforms, especially in the transportation sector, to alleviate the burden on workers who spend a significant portion of their income on transportation.

Mr Ajaero also raised concerns over the inconsistencies in salary payments and implementation of wage awards across various states and federal agencies.

He noted that many state governments have either failed to implement the approved wage increases or are paying workers below the agreed minimum wage, thereby violating labour agreements.

He pointed out that the disparities in the federal and state public service salary structures were unacceptable and called for immediate harmonisation, including a review of salary step progression and grade levels to ensure equity.

The NLC president further urged the government to reform the country’s tax regime, which he said unfairly targets the poor while allowing multinational corporations and political elite to evade taxes.

“It is only in Nigeria that someone earning N50, 000 a month is taxed heavily while the real billionaires are not paying their fair share. This system must change,” he said.

Additionally, the labour leader condemned the growing state of insecurity in many parts of the country, which he said not only affects productivity but, also, endangers the lives of workers, especially those in rural communities and high-risk professions.

He also criticised the decay in the health and education sectors, lamenting that many workers can no longer afford basic healthcare or quality education for their children. Turning to internal challenges within the labour movement, he decried the increasing political interference in union activities, particularly in Rivers and Edo states.

He accused state governors of undermining the autonomy of the trade unions, suppressing workers’ voices, and in some cases, promoting parallel union leadership to create division.

“In Rivers State, we are witnessing a complete breakdown of labour-government relations. Retirees are not being paid, union meetings are disrupted, and workers’ rights are trampled upon. In Edo, we are dealing with a crisis of leadership instigated by the state government,” he alleged.

He urged the federal government to call erring state governors to order and protect the rights of workers as enshrined in the Constitution to prevent the escalation of events in those states. He further stated the status of no May Day celebrations in the states still stands. He challenged the government to prioritise social services in its spending plans and cut waste in governance.

Continue Reading

Trending

https://businesspost.ng/DUIp2Az43VRhqKxaI0p7hxIKiEDGcGdois8KSOLd.html