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Lagos Bishop Endorses Ambode for Second Term

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By Modupe Gbadeyanka

Diocesan Bishop of Lagos and Dean Emeritus, Church of Nigeria (Anglican Communion), Most Rev. Ephraim Ademowo, on Monday urged Governor Akinwunmi Ambode of Lagos State to consider going for a second term in office.

The cleric, speaking at the opening ceremony of 33rd Synod of Diocese of Lagos, Church of Nigeria (Anglican Communion) themed ‘Serving’, commended Mr Ambode for his absolute devotion to duty and passion for the growth of the state, which according to him, had resulted in the massive developmental projects across the State.

Mr Ademowo said the church would pray and support the Governor to win election again for the second term in office, describing him as a trail blazer and innovative leader had transformed the State and taken it to an enviable height.

“We have been watching with keen interest and studying the progressive administration of our Governor. As a trail blazer and innovative leader, he (Ambode) has taken our State to a greater height. Lagos State has become a reference point for other States.

“We are also proud to be identified with your laudable achievements in making Lagos a great financial hub and a reference point for other states in the country. Let me say equivocally that your predecessors did eight years in office, and I say without any doubt that you will also use eight years.

“We want to thank you for your absolute devotion to duty and life of practical humility, doggedness and total commitment to the growth and progress of Lagos State, as well as your constant efforts at making Lagos second to none and a reference point for all other States,” Mr Ademowo said.

In his remarks, the Lagos Governor emphasized the need for Nigerians to embrace selfless service to humanity, saying that such remained the essence of existence to positively impact others.

He charged political and religious leaders to continually tow the path of service to humanity, just as he said that politics in the real sense of it should only be about selfless service to the people

Governor Ambode, in his keynote address, described the Synod and the theme as apt and historic having coincided with the celebration of 50 years of existence of the State, which according to him, was all about celebrating those that have served and still serving the State.

According to him, “Serving be it in government, churches, mosques or wherever, is like a clarion call from God and for me, I believe that there is no way I can just give back to humanity for the greater blessings that God has endowed me than just serving and serving selflessly without any inkling of wanting to get a return back from anybody and that is what has actually propelled us to serve the people.

“We believe strongly that our calling on earth is to continually serve which is the whole essence of why we have also decided to dedicate ourselves to say that the only way we can give back to God is to serve humanity and that is what we have always been doing.

“For us that are government officials or politicians, what is it that really makes a difference? The difference is that when you are getting a feedback from people that you have made their lives easier. That is it. People don’t want any other thing from us but to make their lives easier; to make them for instance move from one point to the other easily; allow them to send their children to school and then generally make them comfortable.

“Those little things are the things that really matter to our people, and that is why we are more committed to say that on a godly template, this is a calling that we need to serve not necessarily whether we are praised or not.”

While acknowledging the fact that Christians usually like to stay away from politics, the Governor said on the contrary, politics must be viewed from the point of service to the people and service without expecting any reward from people but from God.

“I want to encourage everybody to stand on that point of selflessness which is the need to do something without actually asking for a reward. If reward comes, it is just part of the package but not the package.

“We have been blessed, we have been enriched by God and the only thing is that wherever we find ourselves to touch other people positively, we should always want to do it. It should be service before gratification because the real blessing is the blessing of God which is beyond any other thing,” Governor Ambode said.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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NCSP Strengthens Strategic Investment Cooperation With China

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trade relations between Nigeria and China

By Adedapo Adesanya

The Nigeria–China Strategic Partnership (NCSP) recently hosted a high-level delegation from Newryton International Industrial Development Company Limited, a leading Chinese investment and industrial development consortium, to advance discussions on deepening bilateral trade, industrial cooperation, and development financing between both countries.

The Newryton delegation, led by Mr David Chen, Assistant Secretary-General of the China Hainan Investment Council, had earlier engaged with the Nigerian Association of Commerce, Industry, Mines and Agriculture (NACCIMA). They were accompanied to the NCSP by Mr Joe Onyuike, Vice-Chairman of NACCIMA’s Agriculture and Livestock Trade Group, who conveyed NACCIMA’s support for the delegation’s engagements.

Discussions centered on the establishment of a Nigeria–China Trade and Investment Platform, including a proposed Promotion Centre in China to support Nigerian products, investors, and state governments.

The consortium also presented opportunities within Hainan Province’s Free Trade Port (FTP), which offers preferential policies that Nigerian businesses can leverage to expand exports and attract new investments.

In his address on behalf of Newryton, Mr Pong outlined plans to collaborate with NCSP in accessing FOCAC-supported financing for strategic investments in agriculture, energy, mining, solid minerals processing, and related sectors. The delegation identified aquaculture as a key area of interest and referenced the forthcoming Global Aquaculture Conference in Hainan Province, encouraging Nigerian stakeholders to participate.

They also expressed readiness to strengthen cooperation in vocational training and employment under the Belt and Road Initiative (BRI).

Welcoming the delegation on behalf of the Director-General, Martins Olajide, NCSP’s Head of Internal Operations, reaffirmed the organisation’s commitment to fostering mutually beneficial partnerships.

He highlighted NCSP’s strong interest in the proposed Nigeria–China Trade and Investment Platform and the development of the Nigerian Oil Palm Industrial Park as a flagship demonstration project.

Also speaking at the meeting, Ms Judy Melifonwu, NCSP’s Head of International Relations, underscored the opportunities presented by China’s zero-tariff policy and the forthcoming NAQS–GACC protocol on the export of Nigerian aquaculture products. She noted that these frameworks would significantly enhance Nigeria’s competitiveness in emerging global markets.

Both parties expressed commitment to advancing discussions toward a structured cooperation framework covering all priority areas.

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UKNIAF Marks Six Years Infrastructure Support to Nigeria

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UKNIAF

By Adedapo Adesanya

The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.

The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.

Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.

In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.

In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).

UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.

Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.

On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.

Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.

Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.

The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.

Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.

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Dangote Refinery Reduces PMS Pump Price to N699 Per Litre

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PMS pump price

By Aduragbemi Omiyale

The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.

The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.

Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.

Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.

Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.

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