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Lagos Unveils Black Pearl Towers in Eko Atlantic City

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By Dipo Olowookere

Lagos State Governor, Mr Akinwunmi Ambode, on Friday evening said the State has the capacity and wherewithal to accommodate those who can dream big and realise their potentials to the fullest.

Governor Ambode, who spoke at the unveiling of the Eko Pearl Towers, a 24-storey state-of-the-art residential building, located within the Eko Atlantic City, Victoria Island, said the core objectives of his administration was to create an enabling environment for local and foreign investors alike to thrive.

The Governor who called up Chief Executive Officer of Eko Pearl Construction Company, Mr Elias Saad and Chief Executive Officer, Chagoury Group, Mr Ronald Chagoury to the stage during his remarks at the occasion, appreciated the duo, saying that they believed in the future of Lagos and did not hesitate to invest.

“Lagos State is looking for dreamers, you are more than a dreamer. What you’ve done here is nothing but just to inspire the rest of the city of Lagos saying that if we join hands together, we can do it.

“Lagos is the land of opportunities and many investment opportunities abound in transportation, entertainment and tourism. Our commitment is to create an environment where your investments are secure and profitable,” the Governor said.

He said the Eko Atlantic City Project, when completed, would go a long way to create employment and wealth for the people of the State.

The Governor added that aside being a major part of the changing face of Lagos, the project was also one of the most anticipated in the history of Nigeria and Africa.

Describing the unveiling of the Eko Pearl Towers as a remarkable day in the history of Lagos State as the Eko Atlantic City gradually comes to life, Governor Ambode said the structure, in all ramifications, represents the new standard for property development in the State.

“Eko Pearl Towers, the first residential development in Eko Atlantic City, is a set of high-rise buildings, privately owned & developed by the Eko Pearl Construction Company. I am told that the tower is a collection of deluxe two, three bedroom & penthouse type apartments with Sea and Marina views.

As we can see, this is a magnificent pearl by all standards, and the new standard for property development in Lagos State,” Governor Ambode said.

The Governor said his administration was embarking on many urbanisation projects which, when completed would deliver a Lagos that will compete favourably with all the mega city-states of the world which Lagosians can be proud of.

“All these efforts will reposition Lagos State, putting it firmly on the international map as not just the financial, commercial and tourist hub of Africa but also to create employment and wealth for our people.”

While congratulating the management of the Eko Atlantic City on the landmark achievement, Governor Ambode said the project was a clear example of the successful Public Private Partnership (PPP) between the State Government and the developer of project.

Mr Ambode seized the occasion to also call on other investors to take a cue from the management of the Eko Atlantic City and Eko Pearl and put their resources in the State, saying that Government was committed to creating an enabling environment for their businesses to thrive.

Earlier, Chief Executive Officer of Eko Pearl Construction Company, Mr Elias Saad, thanked the Lagos State Government for their support in helping him actualise his dream.

He said that the Eko Pearl Towers, also known as the Black Pearl Towers, was a residential high rise building located in the centre of Eko Atlantic City, adding that the White Pearl Tower under construction would also be ready by next year.

”People call me the dreamer, I’m so happy that I was able to actualise my dream in Lagos by delivering the Eko Pearl Towers like I promised,” Mr Saad said.

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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Rivers Speaker, 15 Other Lawmakers Leave PDP for APC

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By Modupe Gbadeyanka

The Speaker of the Rivers State House of Assembly, Mr Martin Amaewhule, has defected to the All Progressives Congress (APC).

At the plenary on Friday, Mr Amaewhule joined the ruling party from the opposition Peoples Democratic Party (PDP), along with 15 other members of the state parliament.

This development comes some months after they had earlier declared their support for the APC in the wake of a crisis with the state governor, Mr Sim Fubura.

The lawmakers had an issue with Mr Fubura, which led to a state of emergency declared on the oil-rich state by President Bola Tinubu in March 2025.

This embargo was only lift in September 2025 after the duration of the six-month emergency rule in the state.

A few days ago, members of the Rivers Assembly passed a vote of confidence on President Tinubu, backing him to remain in office till 2031, when he would have spent eight years in office if re-elected in 2027.

Announcing their defection today, the lawmakers pinned their decision on the crisis rocking the PDP at the national level.

It is not certain if their political godfather, Mr Nyesom Wike, who is the current Minister of the Federal Capital Territory (FCT), will join them in APC.

Mr Wike, who governed Rivers State from 2015 to 2023, has been accused of instigating the crisis in the opposition PDP. He was expelled from the party last month at a national convention held in Ibadan, Oyo State.

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Nigeria Risks Brain Drain in Energy Sector—PENGASSAN

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By Adedapo Adesanya

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that Nigeria risks massive brain drain in the oil and gas sector due to poor remuneration.

The president of PENGASSAN, Mr Festus Osifo, said at the end of the National Executive Council (NEC) meeting of the union on Thursday in Abuja that the industry was facing challenges arising from Naira devaluation and inflation, noting that, oil and gas skills remained globally competitive.

Painting an example, he said, “A drilling engineer in Nigeria does the same job as one in the US or Abu Dhabi,” noting that the union must take steps to bridge the wage gap to prevent members from leaving the country for better opportunities abroad.

“If we don’t act, the brain drain seen in other sectors will be child’s play,” he said.

According to him, PENGASSAN has recorded significant gains through collective bargaining across oil and gas branches.

“We signed numerous agreements across government agencies, IOCs, service and marketing sectors,” he said.

He said the agreements brought relief to members facing rising costs of living, adding that, the association’s duty is to protect members’ jobs and enhance their pay.

Mr Osifo urged companies delaying salary reviews and those foot-dragging as a result of the prevailing economic realities, to do the needful.

He said the industry employed some of the nation’s best talents, making competitive pay critical to retaining skilled workers.

“This industry recruits the best. Companies must provide the best conditions,” he said.

On insecurity, Mr Osifo urged government to take decisive action against terrorism and kidnappings across the country.

“We are tired of condemnations. government must expose sponsors and protect citizens,” he said.

He urged government at all levels to prioritise tackling insecurity through better funding and equipment for security agencies.

Mr Osifo said PENGASSAN supported calls for state police to improve local security response, adding that decentralising policing will protect citizens better than rhetoric.

He also said economic indicators meant little, if food prices remained high and farmers could not return to farms due to insecurity.

“Nigerians want to see food on the table, not macroeconomic figures,” he said, urging the government to coordinate fiscal and monetary policies to ensure economic gains reach households.

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Bill Seeking Creation of Unified Emergency Number Passes Second Reading

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By Adedapo Adesanya

Nigeria’s crisis-response bill seeking to establish a single, toll-free, three-digit emergency number for nationwide use passed for second reading in the Senate this week.

Sponsored by Mr Abdulaziz Musa Yar’adua, the proposed legislation aims to replace the country’s chaotic patchwork of emergency lines with a unified code—112—that citizens can dial for police, fire, medical, rescue and other life-threatening situations.

Lawmakers said the reform is urgently needed to address delays, miscommunication and avoidable deaths linked to Nigeria’s fragmented response system amid rising insecurity.

Leading debate, Mr Yar’adua said Nigeria has outgrown the “operational disorder” caused by multiple emergency numbers in Lagos, Abuja, Ogun and other states for ambulance services, police intervention, fire incidents, domestic violence, child abuse and other crises.

He said, “This bill seeks to provide for a nationwide toll-free emergency number that will aid the implementation of a national system of reporting emergencies.

“The presence of multiple emergency numbers in Nigeria has been identified as an impediment to getting accelerated emergency response.”

Mr Yar’adua noted that the reform would bring Nigeria in line with global best practices, citing the United States, United Kingdom and India, countries where a single emergency line has improved coordination, enhanced location tracking and strengthened first responders’ efficiency.

With an estimated 90 per cent of Nigerians owning mobile phones, he said the unified number would significantly widen public access to emergency services.

Under the bill, all calls and text messages would be routed to the nearest public safety answering point or control room.

He urged the Senate to fast-track the bill’s passage, stressing the need for close collaboration with the Nigerian Communications Commission (NCC), relevant agencies and telecom operators to ensure nationwide coverage.

Senator Ali Ndume described the reform as “timely and very, very important,” warning that the absence of a reliable reporting channel has worsened Nigeria’s security vulnerabilities.

“One of the challenges we are having during this heightened insecurity is lack of proper or effective communication with the affected agencies,” Ndume said.

“If we do this, we are enhancing and contributing to solving the security challenges and other related criminalities we are facing,” he added.

Also speaking in support, Senator Mohammed Tahir Monguno said a centralised emergency number would remove barriers to citizen reporting and strengthen public involvement in security management.

He said, “Our security community is always calling on the general public to report what they see.

“There is a need for government to create an avenue where the public can report what they see without any hindrance. The bill would give strength and muscular expression to national calls for vigilance.”

The bill was referred to the Senate Committee on Communications for further legislative work and is expected to be returned for final consideration within four weeks.

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