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Ambode Builds 4 New Fire Stations, Saves N100b Properties

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By Dipo Olowookere

Lagos State government on Thursday said about N99.7 billion worth of properties were saved from fire incidences recorded in the State in the last one year.

Commissioner for Special Duties and Intergovernmental Relations, Mr Oluseye Oladejo, said the government stepped up its emergency apparatus to respond to fire disasters and other emergency situations.

“I can give you some information about the value of the properties saved from fire disasters and that would give an estimate total of N99.72 billion during the period under review and the estimated properties lost totals N16.62 billion,” Mr Oladejo said.

Speaking further, the Commissioner said that in line with the state government’s resolve to prevent and manage fire outbreaks across the State, Governor Ambode approved the creation of four new fire stations in the state.

“As at now, Lagos State can now boast of 14 Fire Stations across the state and all are equipped to combat fire outbreak”, he added.

Mr Oladejo said government had scaled up activities in Monitoring and Surveillance in the State and also intensified safety advocacy campaign in order to inform, educate and enlighten the public on the prevention and management of fire outbreaks.

He said the Lagos Safety Commission is saddled with the responsibility of setting safety standard for business premises, event centres, churches and other public buildings.

“They don’t have any no-go-areas to ensure that we put safety measures in place in the course of construction and the rest of it. That is the preventive part of our business. For rescue, that is the business of other agencies like Fire Service, Lagos State Emergency Management Agency (LASEMA),” he said.

Mr Oladejo, therefore, called on stakeholders to join hands with government in a bid to reduce emergency response time while also urging Lagosians to explore the limitless opportunities available on the platform of the State Command and Control Centre and continue to call the emergency toll free lines – 767 and 112 for distress calls.

“You can be assured of prompt response from these numbers on a 24-hour basis”, he said.

He said the government’s decision to replicate the Lagos Response Unit (LRU) in other locations in the State was to take the service closer to the people, noting that emergency rescue was a matter of response time and proximity of the service providers.

“So that informed the position of the government to establish one at Lekki and we are also establishing one at Ikorodu Road where we used to Bode Benson Hotel and we are also establishing one at Badagry. When you look at the spread, you would see that our intention is to take the service closer to the people. In the years ahead, we also hope to put up more structures to attend to the needs of Lagosians”, Oladejo said.

Responding to complaints as to why some members of the defunct Neighbourhood Watchers were not absorbed into the recently inaugurated Neighbourhood Safety Corps (NSC), the Commissioner explained that some were found wanting during the period of screening, adding that those who passed the screening have been employed into the Corps.

“What the Governor said was that they should be given priority and they should be examined and put through the normal screening which other applicants would also go through and they are accessed based on their mental, physical and psychological fitness to fit into the new scheme.

“You will agree with me that some of these people we are talking about are as old as 65 to 70 years and you just wonder what manner of security somebody like that would do and some were also found wanting in regards to their health status.

“Those taken on board so far constitute about 40 percent of those who were in the old neighbourhood watch, so definitely the Governor’s directive has been carried out in that regard,” he said.

He allayed fears that some politicians might have hijacked the recruitment process, noting that Governor Ambode had appointed a retired Deputy Inspector General, Israel Ajao to head the NSC so as to forestall such occurrence.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Nigeria Suffers First National Grid Collapse of 2025

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national grid

By Modupe Gbadeyanka

Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.

It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.

Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.

It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.

This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.

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Tinubu Seeks Increase to $2bn Naira-Yuan Currency Swap Deal

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trade relations between Nigeria and China

By Adedapo Adesanya

President Bola Tinubu on Thursday urged the Chinese government to increase the $2 billion currency swap between Nigeria and the Asian nation to enhance trade between the two countries.

He also called for an upward review of the $50 billion aid package for Africa, which China’s President Xi Jinping announced last year.

Recall that China and Nigeria recently renewed their currency swap agreement, valued at 15 billion Yuan (approximately $2 billion), to enhance trade and investment.

According to a statement signed by his media aide, Mr Bayo Onanuga, the President made this appeal and more while receiving the Minister of Foreign Affairs of China, Mr Wang Yi, at the State House Abuja on Thursday.

The President said increasing the level of currency swaps will speed up the infrastructural development in Nigeria and deepen the strategic bilateral relations.

“We still demand more in the area of currency swap. The level you have approved as a government for Nigeria is inadequate considering our programme. If you can increase that, it will be well appreciated. Our bond should grow stronger and become unbreakable,” the President was quoted to have said in a statement

President Tinubu noted that the continent’s infrastructural needs would require more commitment, urging a review of the amount to reflect the continent’s reality.

“I am happy you are part of China’s highest decision-making body. We will want you to use your position to influence improved project funding. First, I say yes to the 50 billion dollar support, and thank you for contributing to African growth.

“The infrastructural needs of Africa are greater than that, and we want to move as rapidly as our other counterparts. All share your vision of rapid development. Africa values the relationship with China, and we seek deeper collaboration for infrastructural development,” he stated.

President Tinubu also called on China to support Nigeria’s bid for a permanent United Nations Security Council seat.

“You are a member of the UN Security Council. We want you to use your influence to ensure Nigeria secures the seat,” the President said.

The Nigerian leader thanked President Xi Jinping for his warm reception during his visit to China last year.

He said Africa, particularly Nigeria, was prepared to meet developmental goals and contribute counterpart project funding

“We are ready to move and reach the various developmental goals. Due to our deliberation, we signed many MOUs and planned many action programmes.

“My visit during FOCAC was a good experience. We signed several comprehensive MOUs during the visit. We planned several programmes of action. As a result of that deliberation, I made sure that immediately after I returned, I appointed one of the best brains available to coordinate Nigeria-China relations, Mr Joseph Tegbe. He will work to actualise various MOUs and promote a greater understanding of developmental programmes.

“It is good that you came at such a critical time. My visit to China was a good experience. Once again, accept my sympathy for the earthquake in Tibet. It was a natural disaster that nobody expected. We commend your government for the rapid reaction to protect lives.

On his part, Mr Yi said Chinese investments in the country would focus on employment generation and infrastructural development. He said the Chinese National Development Bank had started funding some development projects.

He said the Chinese Government would support including an African country in the UN Security Council, adding that “it was a historical injustice by the world that should be corrected”.

“We stand with Africa, and we will not support a country that invades another country,” he stated.

The foreign minister said China would welcome Nigeria’s membership in the BRICS and participation in the global development mechanism.

He said China fully supported Mrs Ngozi Okonjo-Iweala, the Director General of the World Trade Organisation (WTO), for a second term in office.

The minister also lauded President Tinubu for his visionary leadership and consistency in projecting Africa’s needs, which require China’s support.

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Nigeria Receives $52.88m Assets Linked to Diezani Alison-Madueke

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Diezani Alison-Madueke

By Adedapo Adesanya

Nigeria has received $52.88 million recovered Galactica assets linked to a former Minister of Petroleum, Mrs Diezani Alison-Madueke, from the United States Government.

The Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN) disclosed this at the formal signing ceremony of the asset agreement between Nigeria and the US in Abuja on Friday.

Delivering his remarks, Mr Fagbemi explained that $50 million of the recovered assets will be deployed through the World Bank to the development of the rural electrification project and the remaining $2 million will be deployed to the International Institute of Justice to expand the Justice system and also counter corruption.

Mr Fagbemi noted that the asset return marks a milestone in the ongoing collaboration between Nigeria and the US in combating corruption and upholding the rule of law

He said the event is also a significant effort by President Bola Tinubu to address the issue of corruption.

Meanwhile, in his remarks, the United States Ambassador to Nigeria, Mr Richard Mills called for the monitoring and effectively utilizing the recovered assets by the Ministry of Justice to benefit Nigerians.

Mrs Diezani Alison-Madueke has been accused of abusing her power when she was petroleum minister under the administration of former President Goodluck Jonathan in Nigeria, including accepting financial rewards for awarding multi-million-pound contracts.

In 2023, the United Kingdom National Crime Agency (NCA) alleged that Mrs Alison-Madueke benefited from at least £100,000 ($127,000) in cash, chauffeur-driven cars, flights on private jets, luxury holidays for her family, and the use of multiple London properties.

Other charges against her also detail financial rewards, including furniture, renovation work and staff for the properties, payment of private school fees, and gifts from high-end designer shops such as Cartier jewellery and Louis Vuitton goods, the NCA said.

Since she left office, she has been dogged by corruption allegations but denies the charges.

The 63-year-old woman has been on bail since first being arrested in London in October 2015.

The US Department of Justice has recovered assets totalling $53.1 million linked to Mrs Alison-Madueke’s alleged corruption.

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