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Nigeria May Lose Her Independence If…..—Atiku

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atiku abubakar resigns from APC

**Says Country Can’t Survive Using N2.5trn to Service Debt

By Adedapo Adesanya

Former Vice President of Nigeria, Mr Atiku Abubakar, has expressed his discomfort at the rising debt threat facing the country, which he said the Buhari-led administration has chosen to overlook.

The former presidential candidate has now called for an immediate action by stakeholders to address the nation’s debt burden, saying the payment of N610.2 billion to service domestic debts in the first quarter of 2019 was unacceptable.

Few days ago, the National Bureau of Statistics (NBS) revealed that Nigeria used N610.2 billion to service its local debts.

But Mr Atiku said this was alarming, urging President Muhammadu Buhari to act quickly on what he described as matter of national concern.

In a statement issued by Mr Paul Ibe, his Media Adviser, the former VP the amount used to service domestic debts in the first three months of this year was more than the combined entire budget for education and youth development for the whole of 2019.

He wondered how the present administration has doubled the nation’s debt in four years from N12 trillion in 2015 to N24.9 trillion without tangible evidence of development, noting that government should have worked on efficient repayment plans for the debts incurred.

He stressed that if this trend continues, the nation’s debt servicing might overshadow the capital budget.

“If the current trend continues, Nigeria will have spent N2.5 trillion on debt servicing by the end of 2019, a figure that is more than our capital budget. Can a nation survive like this?” a part of the statement, which was posted on Mr Ibe’s Twitter page, said.

“The reason is that no matter how much resources you give a man who does not know how to create wealth, it will never be enough,” he further said.

Mr Atiku stated that the deeper the nation goes into unsustainable debt, the more of her independence to creditors wanes.

Emphasizing on the need for the country to prepare for the future generation, the veteran politician said, “The older generation should sacrifice for the youth. We must not be a vampire generation that squanders the financial lifeblood of Nigeria and bequeath financial bondage to the next generation”

Concluding, Mr Atiku said he had outlined a robust strategy for the funding of the country’s development needs without resorting to indiscriminate borrowing prior to the 2019 presidential election.

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.

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Dangote Activates Olokola Deep Seaport Plan

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Dangote Group

By Aduragbemi Omiyale

Dangote Industries Limited has commenced the initial process towards the execution of the multi‑billion-dollar maritime and industrial infrastructure project in Ogun State.

The company wants to make the Olokola Deep Seaport plan a reality. It will be on over 10,000 hectares in the Olokola Free Trade Zone, spanning the Ogun Waterside Local Government Area of Ogun State, extending eastward to the borders of the Ilaje Local Government in Ondo State along the Atlantic coastline (Gulf of Guinea).

It was gathered that the organisation has received the buy-in of host communities,

who are eager to see the project come to fruition in record time.

The project is a calculated business plan to expand into logistics, maritime infrastructure, and export-led industrialization as the Group inches toward becoming a $100 billion annual revenue business; rank among the top 100 companies globally and evolve from a regional giant into a globally recognized manufacturing and business leader transforming Africa’s industrial landscape within the next five years.

Leading a team of the management of the company to the area, the Managing Director for Infrastructure and Logistics at Dangote Industries Limited, Mr Jamil Abubakar, told the excited community leaders that the project, when completed, would transform the area and place the communities on a global pedestal.

According to him, the deep-sea port is a logistics gateway for an integrated industrial ecosystem that will strengthen Africa’s maritime trade capacity and enhance Africa’s regional commerce and logistics across the continent, with a corresponding positive impact on the whole of Africa’s development process.

It would be used to facilitate export of fertilisers, petrochemicals, and refined petroleum products; support future Liquefied Natural Gas exports and enable import of heavy equipment and industrial inputs.

“The Olokola Port project is a major step in opening up Nigeria’s economic potential, strengthening trade, reducing pressure on existing ports and supporting industrial growth.

“It will create real opportunities for host communities through jobs, business activities and long-term developments across both Ogun and Ondo states. With its strategic location, Olokola would serve as a key gateway for exports and imports, boosting Nigeria’s competitiveness in regional and global trade.

“This project reflects our commitment to building infrastructure that benefits both the people and the economy at large,” he stated.

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Nasarawa Orders Immediate Shutdown of Mining Activities in Endo Community

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Lideal Mining Company

By Adedapo Adesanya

The Nasarawa State government has ordered the immediate suspension of mining activities at Endo community in Udege, directing Lideal Mining Company to stop operations and vacate the site without delay.

The government also ordered an immediate halt to the movement of raw minerals from the location, tightening restrictions around the disputed mining area.

The latest intervention by the state government signals a tougher stance on mining operations considered capable of threatening public order or operating outside established procedures.

Announcing the decision in Lafia, the state capital, the Commissioner for Environment and Natural Resources, Mrs Margaret Elayo, said the action followed a series of consultations, stakeholder engagements and security assessments linked to activities within the affected mining cadastral unit.

She said the directive was issued in the public interest as part of efforts to maintain order, protect host communities and strengthen regulatory compliance in the state’s mining sector.

According to the commissioner, the company has been instructed to begin the immediate withdrawal of its mining equipment, heavy machinery, trucks, operational facilities and personnel from the site.

Mrs Elayo said the move aligns with the administration of Governor Abdullahi Sule, which has repeatedly pledged to enforce lawful mining practices, preserve peace in mining communities and build investor confidence through transparent regulatory processes.

She stressed that the government’s decision forms part of a broader plan to reposition the mining sector and ensure that mineral development does not undermine security, environmental standards or community stability.

To enforce compliance, the state government has directed the deployment of security personnel to the affected mining site to prevent unauthorised activities and ensure full adherence to the suspension order.

Nasarawa remains one of Nigeria’s key solid minerals states, attracting growing interest from mining investors because it contains lithium, tin, columbite and other strategic minerals.

However, increased mining activity has also heightened concerns around regulation, community disputes, environmental protection and security management.

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EFCC Arrests Convicted Ex-Power Minister Saleh Mamman

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EFCC Arrest Saleh Mamman

By Modupe Gbadeyanka

The recently-convicted former Minister of Power, Mr Saleh Mamman, has been arrested by the Economic and Financial Crimes Commission (EFCC).

Chairman of the EFCC, Mr Ola Olukoyede, during a press briefing in Abuja on Tuesday, said the former senior government official was apprehended this afternoon along with two others accused of shielding him.

Earlier this month, Justice James Omotosho of the Federal High Court in Abuja convicted Mr Mamman for N33.8 billion fraud after he was found guilty of a 12-count charge brought against him by the EFCC. He was sentenced to 75 years in prison, though he was not present in court on the day of his sentencing.

Speaking with journalists today, Mr Olukoyede said the convict was arrested at 3:30 am on Tuesday in a house in Kano, where he was allegedly being protected.

“Ladies and gentlemen, you will recall that sometime in January 2025, we filed charges against the ex-minister of power for allegedly converting over N33 billion – money that was set aside for the Mambilla and Zungeru power projects,” Olukoyede said during a press briefing.

“About 14 to 15 months down the line, specifically on the 7th of this month, we secured convictions on all 12 counts. Because the defendant was not present, the issue of sentencing was shifted. And on the 13th of this month, he was sentenced in absentia.

“Since then, we decided to open our intelligence surveillance to the public, looking for him all over the place. I am happy to announce to Nigerians that at about 3:30 a.m. this morning, we arrested Mr Saleh Mamman somewhere in Kano. We have discovered that he was actually being protected all this while,” he said.

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