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Nigeria Lacks Visionary Leaders—Dangote

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**Begs FG to Stop Importation of Milk

By Dipo Olowookere

President of Dangote Group, Mr Aliko Dangote, has appealed to federal government to stop the importation of dairy product like milk just like with cement by coming up with what he called “draconian policy.”

The Africa’s richest man gave this suggestion in an interview with the Financial Times of London, where he was quoted as saying “Nigeria has always had a lack of visionary leadership.”

Mr Dangote, whose Dangote Cement controls over 65 percent share of the market in Nigeria, decried the fact that Nigeria still imports a lot of things that could be produced locally.

According to him, “What Nigeria needs is to produce locally what we can produce locally. Nigeria still imports vegetable oil, which makes no sense.

“Nigeria still imports 4.9 million tonnes of wheat, which does not make sense. Nigeria still imports 97 or 98 per cent of the milk that we consume.

“Government needs to bring out a draconian policy to stop people importing milk, just like they did with cement,” he was quoted to have said.

Speaking about his $12 billion oil refinery project expected to become operational in 2019, he said, “when we finish this project, for the first time in history Nigeria will be the largest exporter of petroleum products in Africa.”

When it is up and running, — the refinery will process 650,000 barrels of oil a day, a third of every drop Nigeria produces and approaching one per cent of planetary production.

That will make it the biggest oil refinery of its type in the world.

It will pump out all the plastic Nigeria’s 190 million population needs, as well as three million tonnes of fertiliser a year, more than all its farmers currently sprinkle on their fields.

The project requires sinking 120,000 piles, on average 25 metres in length. But, no port in Nigeria is big enough to take delivery of the massive equipment, which includes a distillation tower the height of a 30-storey building, and no road is strong enough to bear its weight.

Mr Dangote disclosed that he had to build both, including a jetty for which he has dredged the seabed for 65m cubic metres of sand.

There is not enough industrial gas in the whole country to weld everything together, so Dangote also revealed that he will build his own industrial gas plant. There aren’t enough trucks, so he’s producing those in a joint venture with a Chinese company, he added.

The plant will need 480 megawatts of power, about one-tenth of the total that electricity-starved Nigeria can muster, he further hinted.

Dangote is building his own power plant too.

For years, and absurdly, Nigeria has exported all its oil as crude and then reimported refined petroleum, such as petrol and benzene.

That has been a lucrative racket for the middlemen who scheme over import contracts and who concoct ways to scam a system distorted by subsidies.

“I am sure you know about this game,” Mr Dangote said. Because of its reputation for skulduggery, he said, he has shunned the oil trade.

“It is very simple to destroy a name,” he added, referring to a family business that stretches back to his great-grandfather on his mother’s side, Mr Alhassan Dantata, a prodigiously wealthy merchant who imported kola nuts from Ghana and exported groundnuts from Nigeria.

“But it’s very difficult to build it.”

Mr Dangote reiterated his desire to acquire London-based Arsenal Football Club, saying “I love Arsenal and I will definitely go for it.”

He reckoned that the football club is worth about $2 billion.

Speaking about his daily schedules, he said, “people call me in the middle of the night to tell me about their problems.”

According to him, Tony Blair, a former British prime minister and his friend had told him he needed to screen his calls. “Tony said he only makes three phone calls a day,” Mr Dangote said, adding that each day, scores of emails come rat-tat-tatting in. “You try to be polite and reply but they come back to you with a longer email, not minding that here is a very, very busy person,” he said.

He reckoned that he takes more than 100 calls a day.

“Look Aliko’,” he said Mr Blair had told him, “the world is not going to fall apart if you don’t answer your phone.’ “He, however, said his ambitions were changing as he is considering pulling back from the business, concentrating on strategy and letting others run things day-to-day.

“I’m trying to step back from some of the boards.”

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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Church Confirms Release Of 151 Abducted Members in Kaduna

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Cherubim and Seraphim Movement Church Worldwide

By Adedapo Adesanya

The Cherubim and Seraphim Movement Church Worldwide, Ayo Ni O, has confirmed the release and safe return of 151 of its members abducted from Iburu community in Kajuru Local Government Area of Kaduna State.

The abduction, which affected about 177 people, occurred on January 18, 2026. It was initially denied by the Nigeria Police Force and other government agencies, but was later confirmed.

In a statement issued by the Conference Secretary General of the church, Mr Anthony Olusesan Samaiye, it was disclosed that the release of the abducted persons was confirmed through reports from its liaison officers in Kaduna.

According to the statement, Mr Emmanuel Abiodun Adewale Alogbo (JP), described the release as a victory for faith, prayer and dialogue, noting that the breakthrough followed an emergency visit to Kaduna by its leadership and a series of high-level engagements aimed at securing the freedom of the abducted worshippers.

The Cherubim and Seraphim Church expressed gratitude to the Kaduna State government, particularly Governor Uba Sani, for what it described as his commitment to dialogue and the coordination of state resources that contributed to the successful outcome.

Special appreciation was also extended to the Governor’s Chief of Staff, Mr Sani Liman Kila, and the Senior Special Assistant on Religious Affairs (Christian Matters), Mr Ishaya Jangado, for facilitating engagement between the church and the state government.

The church noted that the incident demonstrated the importance of cooperation between religious leaders and government authorities in addressing security challenges and protecting citizens.

It also acknowledged prayers and support from the Christian Association of Nigeria (CAN), the Organisation of African Instituted Churches (OAIC), the international community and Christians worldwide.

While celebrating the release, the church said it was mindful of the trauma experienced by the victims and disclosed that its welfare and medical teams had been mobilised to provide psychosocial support and care to the affected members and their families.

The church called for sustained peace in Kaduna State and across Nigeria, urging authorities to continue efforts to ensure the safety of all citizens, regardless of religious affiliation.

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2027 Elections: I Won’t be Vice Presidential Candidate—Peter Obi Insists

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peter obi tax system

By Adedapo Adesanya

As activities for the 2027 general elections begin to take shape, the former presidential candidate of the Labour Party in the 2023 presidential poll, Mr Peter Obi, has again ruled out the possibility of contesting as a vice presidential candidate next year, saying he is contesting to be on the ballot.

Speaking ahead of the Abuja Municipal Area Council (AMAC) election in the Federal Capital Territory, he said, “You see this coming election, support us in AMAC; it will help me. Your support in AMAC is critical to our journey. I am involved and contesting the coming election as number one. When I come back, you will see. I assure you.”

Mr Obi vied for the 2023 presidency on the LP platform, emerging third overall behind Mr Atiku Abubakar and President Bola Tinubu.

In December 2025, he defected to the African Democratic Congress (ADC), where his teeming supporters popularly known as Obidients have urged him to only pursue the presidential ticket.

Mr Abubakar, who chose Mr Obi as his vice presidential candidate in the 2019 polls, is also a member of the ADC. The men finished in second and third places, respectively in the last presidential election, which President Tinubu won with 37 per cent of the votes.

Speaking at the campaign venue, Mr Obi emphasised to his supporters the importance of backing the ADC candidate in the AMAC election, noting that their support at the grassroots would go a long way in bolstering his national political journey.

The ADC coalition includes many former allies of Mr Tinubu, including Mr Nasir El Rufai, the former governor of Kaduna State; Mr David Mark, a former Senate President who is serving as the National Chairman of the party, and Mr Rauf Aregbesola, a former Osun Governor and currently the National Secretary of ADC.

The party will be hoping to emulate the success of the ruling All Progressives Congress (APC), which was formed by an alliance of opposition politicians (including Mr Abubakar) in 2013 and caused the ouster of former President Goodluck Jonathan, the first-ever defeat of an incumbent Nigerian president in 2015.

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CPPE Urges FG to Create Farm Price Stabilisation Plan for Food Security

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Price of Food

By Adedapo Adesanya

The Centre for the Promotion of Private Enterprise (CPPE) has called on the federal government to urgently establish a National Farm Price Stabilisation and Farmer Income Protection Framework to safeguard Nigeria’s long-term food security.

This was contained in a policy brief signed by the chief executive of the think tank, Mr Muda Yusuf, on Sunday.

The group warned that while recent import surges have lowered food prices to the delight of consumers, they have simultaneously inflicted severe financial losses on farmers and agricultural investors, creating what it described as “troubling trade-offs and unintended consequences.”

He advised that Nigeria cannot afford a policy regime that undermines confidence in agriculture, one of the country’s most strategic sectors and largest employers of labour.

“The welfare gains from cheaper food have been profound and should be acknowledged. However, the cost to farmers and other investors across the agricultural value chain is equally high and cannot be ignored,” Mr Yusuf stated.

The CPPE boss emphasised the urgent need to strike a sustainable balance between keeping food affordable for consumers and protecting farmers’ incomes, while safeguarding agricultural investment.

According to the policy document, recent import surges of staples such as rice, maize and soybeans have caused serious dislocations in the agricultural investment ecosystem, inflicting severe hardship on farmers and weakening production incentives.

“Although consumers have welcomed the decline in food prices, the long-term consequences are adverse: farmer incomes fall, production declines over time, investment confidence weakens, and the country risks returning to cycles of scarcity and higher prices,” the document warned.

The CPPE identified several structural factors driving recurring farm price collapses in Nigeria, beyond the immediate impact of food imports.

The think tank warned that harvest glut remains a major challenge, with many farmers harvesting the same crops within the same period, causing sudden oversupply. This is compounded by the limited availability of storage facilities, drying centres and cold-chain systems, which forces farmers to sell immediately regardless of market conditions.

The organisation said this is also affected by weak rural logistics, characterised by poor roads, insecurity, high transport costs, and limited aggregation hubs, which make it difficult to move produce efficiently from production zones to high-demand markets.

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